Monday, May 27, 2024
After The Central Bank Denied And Confirmed That It Is Not Printing Them For The Time Being... Revealing The Truth About The New Currencies, 27 MAY
After The Central Bank Denied And Confirmed That It Is Not Printing Them For The Time Being... Revealing The Truth About The New Currencies
Sunday 26 May 2024 23:25 | Economical Number of readings: 394 Baghdad / NINA / Today, Sunday, community circles were busy with what was reported on social media sites and platforms about the efforts of the Central Bank of Iraq to issue a new currency of 100,000 Iraqi dinars and pump it into the local market, before the Central Bank quickly denied those rumors and emphasized that there was no... There are intentions to print a new currency at the present time.
The origin of the incident, which was circulated on social media sites and platforms, goes back to artistic paintings drawn by students of the Institute of Fine Arts in the city of Mosul, which included designs for coins marked with images of the late Iraqi-born international architect Zaha Hadid and the Abbasid Caliph Harun al-Rashid, as part of the requirements for the graduation project, but the matter went beyond The scope of control quickly expanded beyond that, after pictures of the painted paintings were published and circulated as a model for the new currency that will be printed soon.
This comes as the Central Bank of Iraq denied issuing a new currency in the denomination of (100) thousand dinars, despite what was circulated on social media sites about a picture of a new banknote that is a “fake” picture bearing the image of the late Iraqi architect Zaha Hadid.
The bank called on citizens to be careful and not deal with it if some offer it for the purpose of fraud, stressing that there are no intentions to print a new currency at the present time, stressing that it will take legal measures against violators and promoters of this counterfeit currency./End 5
"RV UPDATE" BY TRITH WARRIORS, 27 MAY
TRUTH WARRIORS
๐บ๐ธ๐ฅ๐บ๐ธ. There will be numerous investment opportunities for many in Iraq! ๐ฅ๐ฅ๐ฅHumanitarian projects will be welcome to help launch Iraq into a global economic hub in the Middle East! ๐บ๐ธ๐ฅ๐บ๐ธ๐๐
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๐บ๐ธ๐ฅ๐บ๐ธ. Experts say that the dinar will reach parity very soon! Great news for everyone! ๐บ๐ธ๐ฅ๐บ๐ธ๐๐
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๐บ๐ธ๐ฅ๐บ๐ธ. Zimbabwe promoting their new Zig currency and jailing illegal currency sellers. ๐บ๐ธ๐ฅ๐บ๐ธ๐๐
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๐บ๐ธ๐ฅ๐บ๐ธ☝️☝️☝️☝️Nader says that the war with Iraq had ended when Sudani came to the U.S. last month. ๐ฅ๐ฅ๐ฅ The U.S. will keep bases in Iraq to protect their assets just like they do in Germany and other places. ๐ฅ๐ฅ๐ฅ The U.S. gave 100% of Iraq to Iraq.๐ฎ๐ถ It happened this month! ๐ฅ๐ฅ๐ฅ. Great news! ๐บ๐ธ๐ฅ๐บ๐ธ☝️☝️☝️
https://dinarevaluation.blogspot.com/2024/05/rv-update-by-truth-warriors-27-may.html
Advisor to the Sudanese: Oil prices still exceed their budget estimates and my effort to make spending to a minimum, 27 may
Financial Advisor to Prime Minister Mohammed Shiaa Al-Sudani revealed features of the financial budget schedules for 2024.
Mazhar Mohammed Saleh told Euphrates News, “The announcement of the variables of the financial schedules for the last year 2024 came undoubtedly identical to the constants adopted by Law No. 13 of 2023, the Federal Public Budget Law (Tripartite), specifically in the axis of the hypothetical deficit of about 64 trillion dinars, and the estimates of the budget tables in the paragraph of the planned deficit have not dis not detray from what was mentioned in the law above.”
He added, “Despite the above, there are important trends in the management of the general budget, whether in the aspect of public expenditures, in which the spending ceiling reached 211 trillion dinars, revenues and the deficit itself, and it is summarized as the foloing:
1- Oil prices still exceed their estimates in the tripartite budget of $70 per barrel and a positive change rate of more than 16% above the approved price above. We are approaching the middle of the fiscal year while maintaining the export rates approved in the budget and managing oil production efficiently and in accordance with international agreements with OPEC on the issue of controlling production shares.
2. There is a high discipline in maximizing non-oil revenues, especially tax and customs, specifically after the adoption of autization, modern methods and information technology in estimation, guessing and tax and customs collection.
3. Seeking to impose discipline on operational expenses and to spend on them to the minimum acceptable limits.
4. Ensuring the efficiency of investment spending and the operation of all approved projects, in order to ensure a high growth rate in the GDP and more than the rate of population growth, by launching the movement of new projects without decline or interruption.
Saleh pointed out that “the pattern of public spending, according to the schedules announced, is characterized by accuracy, objectivity and self-savings, which contributes to reducing the resort to financing the actual deficit even when needed through internal borrowing and with limits that ultimately do not exceed the accepted international standard percentage of financing the deficit, which is 3% of the country’s gross GDP or slightly exceeds.”
He pointed out that “not forgetting that the efficiency of annual exchange in the operational and investment parts is an important issue in determining the total annual year expenditure as planned.”
Raghad Dahham
Coffee with MarkZ. 05/27/2024
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