DINAR REVALUATION

Saturday, May 18, 2024

Part 2 of the 2005 NESARA documentary BY PIMPY

The International Monetary Fund Calls On Iraq To Cancel The “Appointments” And Correct Its Financial Conditions ., 18 MAY

The International Monetary Fund Calls On Iraq To Cancel The “Appointments” And Correct Its Financial Conditions

2024-05-16 10:33

Shafaq News/ The International Monetary Fund stressed, on Thursday, the need for Iraq to gradually correct its financial conditions to achieve debt stability in the medium term and rebuild financial reserves.

This comes after the Executive Board of the International Monetary Fund (IMF) concluded Article IV consultations with Iraq and studied and approved the employee evaluation, before recommending control over public wages and the gradual abolition of compulsory employment, according to a Fund report seen by Shafaq News Agency.

It is expected that the next Article IV consultations with Iraq will be held in the standard 12-month cycle, according to the International Monetary Fund report and schedules.

In its statement, the Fund welcomed the strong economic recovery, the decline in inflation in Iraq to 4% by the end of 2023, and the improvement in domestic conditions that led to the implementation of the first 3-year budget. He stressed the

necessity of sound economic policies and structural reforms in Iraq to secure public finances and debts, given the regional disputes that may affect oil prices. He pointed to

the strong recovery in the non-oil economy in Iraq after a contraction in 2022-23, and that

Iraq was “largely” unaffected by the conflict in the region, pointing to the revaluation of the currency as of February 2023, and the return of trade financing to normal.

However, the imbalances were exacerbated by the significant fiscal expansion and falling oil prices.”

The Fund's report expected that the continued fiscal expansion would enhance growth in 2024,

     at the expense of further deterioration in financial and external accounts and
     Iraq's vulnerability to oil price fluctuations.

Without policy adjustment, the risk of medium-term sovereign debt stresses is high and external stability risks could arise.

Key downside risks include a significant decline in oil prices or the spread of conflict in Gaza and Israel.”

The executive directors agreed, according to the report, “with the thrust of the staff assessment, and welcomed the

     strong economic recovery,
     low inflation, and
     improved domestic conditions

that led to the implementation of the first-ever three-year budget.

They noted that the risks were tilted towards the downside, given regional disputes and high dependence.” on the volatile oil prices, and that

a major financial expansion could lead to financial and external imbalances.” The directors also stressed “the

need for sound macroeconomic policies and structural reforms to

     secure public finances and debt,
     sustainability,
     promote economic diversification, and
     achieve sustainable and inclusive growth led by the private sector.” The Directors stressed that

“a gradual but significant fiscal adjustment is needed to stabilize debt in the medium term and rebuild fiscal safety margins.”

They encouraged the authorities to focus on

     controlling public wage rolls,
     phasing out compulsory employment policies, and
     mobilizing non-oil revenues, with
    Better targeting of social assistance. Directors agreed that

“immediate implementation of

     Customs and Revenue Administration reforms,
     full implementation of the Single Treasury Account,
     strict oversight and limiting the use of extra-budgetary funds and
     government guarantees

are essential to support fiscal consolidation.

Reducing cash financing and reforming the pension system are also important.”".

https://shafaq.com/ar/اقتصـاد/النقد-الدولي-يدعو-العراق-ل-لغا-التعيينات-وتصحيح-وضاعه-المالية

"THE UNITED NATIONS DEVELOPMENT PROGRAMME APPROVE THE ELECTRONIC PAYMENT SYSTEM IN IRAQ" BY GOLDILOCKS, 18 MAY

GOLDILOCKS

Today, the United Nations Development Programme (UNDP) approved the electronic payment system in Iraq.

https://search4dinar.wordpress.com/2024/05/18/undp-endorses-iraqs-electronic-payment-services-system/

----

"Last week, in a letter to the council, Iraqi Prime Minister Mohamed Shia al-Sudani called for the United Nations Assistance Mission for Iraq (UNAMI), which has been operational since 2003, to end by December 31, 2025."

Resolution 1770 (2007) was devised to give guidance for Iraq on internal protocols that would enable them to secure a safe environment for their people and become prosperous in the world around them.

The resolution was co-sponsored by:

* United Kingdom

* United States

* Italy

* Slovakia

There will be a meeting at the end of May to discuss the gradual removal of the United Nations' involvement with Iraq. It is believed that they have achieved their goals with Iraq, and they believe Iraq's ability to move forward on their own is showing consistent progress.

The UN's involvement with Iraq has been taking place since 2003. It has been a team of leaders from several Nations engaged in helping Iraq "transition" their political and economic economy into a place whereby their contribution to the world is capable of moving to a level of Independence.

Starting early June, Iraq will be gradually moving into their own. These stages of the independence will be monitored, but their control over their own Nation will increase with each passing day.

https://www.kurdistan24.net/en/story/34969-Measured-support-for-end-of-UN-mission-in-Iraq

https://iraq.un.org/en/139220-resolution-1770-2007

Market Crash Signals Flashing But This Sector Is About To Explode | Chri...

Parliament fails to elect its president and moves to a round of resolution between Mashhadani and Issawi, 18 MAY

Parliament fails to elect its president and moves to a round of resolution between Mashhadani and Issawi

Shafaq News / The Iraqi Council of Representatives failed, on Saturday, to elect a new president, in the second round that witnessed a fierce competition between MPs Salem Al-Issawi and Mahmoud Al-Mashhadani, and the transition to a decisive third round.

According to the Media Department of the House of Representatives, MP Salem Al-Issawi received 158 votes, MP Mahmoud Al-Mashadani 137, and MP Amer Abdul Jabbar received 3 votes, while the invalid votes reached 13 votes.

In addition, the acting Speaker of the House of Representatives, Mohsen Al-Mandlawi, authorized the members of the House to “take a break,” after which the decision is made to go to a third round or to adjourn the session to further notice.”

Political circles are waiting within the corridors of the Iraqi parliament, waiting very carefully, waiting for the election session of a new president of the council, nearly half a year after the disqualification of its former president, Mohammed Al-Halbousi, with fierce competition between Mahmoud Al-Mashadani and Salem Al-Issawi.

https://www.shafaq.com/ar/سیاسة/البرلمان-يفشل-بانتخاب-ر-يسه-وينتقل-لجولة-حسم-بين-المشهداني-والعيساوي

BANK STORY OF LIGHTNING1876 VIA RVHIGHLIGHTS TELEGRAM ROOM, 18 MAY

BANK STORY OF LIGHTNING1876

I have my own personal bank story that happened to me at my job. One of my regular customers in small town Nebraska just went to work for a bank only located here in Nebraska. 17 locations to be exact. Anyway I asked her how she was enjoying her new job. She replied, " I love it! Just wish they would make up their minds!"

I looked at her being intrigued.

I then said, " What do you mean?" She said, " We have been training for a new system this week. Training ends next week." I then said, "Oh a new system?"

I know what she means. Just playing along as she's very asleep yet. Then she fallowed up with, "We are now learning about foreign currency. I don't understand why we need to know that. We live in America with American money."

If she only knew how much things are changing.

Let me tell you it sure peeked my interest and gave me a warm fuzzy feeling! This is small town population less than 1000! Their largest branch is in a town of 34,000! This is getting super exciting! I feel if these smaller banks are learning this, we are close!

https://www.youtube.com/watch?v=2xd...