Frank26: “Mechanism” is the plan of the CBI. That’s their words. The mechanisms of the monetary reform are right in front of you…their currency is going to float. If you understand the power of that statement you should be just smiling like a Chester cat.
Samson: l-Saffar : The budget deficit has been completely covered
4th July, 2021
The decision of the Finance Committee, Ahmed Al-Saffar, confirmed today, Sunday, that the deficit in the budget has been fully covered.
Al-Saffar said in a statement followed by the “National News Center”, that “the Ministry of Finance no longer has any justification for not releasing allocations, bonuses and upgrades after the economic improvement as a result of the rise in global oil prices.”
He added, “The deficit in the budget was completely covered by the difference in the price of a barrel of oil,” explaining, “Any further increase will achieve additional financial abundance.” LINK
ATPinfinity: NOBODY IN IRAQ WOULD SAY THIS, IN THE NEWS, IF SOMETHING GOOD ISN’T CONNECTED IN ACTION: IMPLEMENT 3 TIMES IN ONE ARTICLE DEFICIT IS/WAS, has been FULLY/COMPLETELY COVERED!
MilitiaMan: The budget deficit has been completely covered; decision of the Finance Committee
“…confirmed today, Sunday, that the deficit in the budget has been fully covered.”
“the Ministry of Finance no longer has any justification for not releasing allocations, bonuses and upgrades after the economic improvement as a result of the rise in global oil prices.”
MilitiaMan: In other words payments need to be made now, imo. If they have ample money to make up the difference in the 2021 budget , then they have no reason to keep the exchange rate to the dollar so low, nor not paying the contractors at the Port of Faw, nor not implementing the automation at the said borders… We all know they are not going into the private sector with a program rate, nor will they have a need to digitately clear trade through the BUNA System, etc., without an internationally accepted Article 8 compliant currency…. imo… ~ MM
Militiaman The 10th richest country…in the world is Iraq. And that 10th country has more than just oil. They’re going to have tourism and religious tourism. They’re going to have imports and exports of all the construction materials that are going to come in – food – housing. It’s going to be insane building…That was the need for the build-out of the port… a lot of income will come from there because it’s one of the largest ports in the world and it’s not going to be at a program rate as far as we can tell.