Monday, August 12, 2024
Economist: Ministry of Finance statement is accurate and liquidity is available, 12 AUGUST
Nabil Jabbar, an expert in economics, said today, Sunday, that because ministries are marked by responsibility, their declarations are more accurate and objective than those of representatives.
Jabbar said in an explanation to , “The assertions of certain delegates about getting compensations and the absence of money liquidity are mistaken and are given out of scorn or individual positions,” taking note of that “the money liquidity is accessible and the pay rates of workers are gotten by the financial perusing and the service’s assertion.”
He added, “The MPs’ explanations in such manner are either disparaging of the service to demonstrate hatred for it or in light of the perspectives on a few monetary specialists who are curious about the ongoing circumstance,” taking note of that “last year there was a shortage in monetary liquidity because of the decrease in cash deals and the discontinuance of monetary exchanges because of carrying tasks, yet this year, because of the great exchanges of the National Bank, liquidity is accessible and can get pay rates.”
The Service of Money answered today to proclamations made by certain individuals from the Money Panel, who deceived popular assessment on the absence of liquidity, which would influence the installment of representatives’ pay rates.
LATEST FROM MILITIAMAN, 12 AUGUST
Militia Man
People are getting spanked. They're getting in trouble. They're shutting things down. Bank managers are getting banned from working. If you've been found to be corrupt they're going after you...If you don't play by the rules you're going to have some problems. The Untied States Treasury has a whole floor of the central bank...International compliance is important. If you're money laundering...counterfeiting... supporting terrorist, they got your number.
Militia Man
Article: "Urgent: Central Bank Governor: No intention to reconsider dollar exchange rates, we are undergoing a major transformation" Does Alaq have any control whatsoever over the dollar? No, not at all. But what does he have control over? When he states he's not going to do anything about the dollar he means it because he can't. But what he does have control to change the exchange rate of the dinar. He has that control.
Did Alaq resign? Answer, no.
Article quote: "Even the measures taken by the government to try to down low dollar prices to 1320 to sell it in a supported manner didn't not reach the elimination of speculation in the markets reducing the price of a dollar in the black market." It didn't work to kill the black market just yet but I got a strong feeling since the dollar auctions have gone from 250 million a day down to less than 25 million...consistently for over a week...we can see where their priorities lie.. .FOR READ MORE: https://dinarevaluation.blogspot.com/2024/08/latest-from-militiaman-10-august.html
Ministry of Finance: There is no truth to the delay in salaries this month, 12 AUGUST
The Ministry of Finance clarified the budget for 2023 on Sunday while denying a lack of liquidity to finance employee salaries.
“In reference to the statements made by Representative Mustafa Al-Karawi on 6-8-2024 regarding the expenditures for the year 2023, which amounted to (145) trillion dinars compared to oil and non-oil revenues (135) trillion dinars, and that the difference was financed from the carryover for the year 2022 to 2023, in addition to borrowing according to the budget law for the year 2023,” the ministry said in a statement. “In addition to borrowing according
She made sense of that “all subsidizing demands got by the Service of Money from all spending units have been carried out,” taking note of that “designations after 12/31/2023 pass toward the finish of the monetary year and can’t be funded by Article (23/A) of the Monetary Organization Regulation, text of Article (No. 6 of 2019).”
She went on to say: Article 2/First – 4-H of the Federal Budget Law for the year 2023 states, “In addition to the fact that the Ministry of Finance took the necessary measures in coordination with the governorates and all funds included in the budget law to record the remaining amounts for investment projects that were not financed and were not disbursed to the trust account, in order to continue disbursing for the following year, amounting to (9.4) trillion dinars.”
She went on to say, “Regarding the MP’s statements about the lack of financial liquidity for the year 2024, the Accounting Department will not be able to finance salaries for the month of July and the following months, we point out that this statement is inaccurate because salaries, with all their names, are among the priorities of the Ministry of Finance, and it finances approximately (7.5) trillion dinars per month for employee compensation, retirement salaries, grants, social welfare salaries, salaries for people with disabilities, student allowances, and salaries for
She added: ” Our ministry has been committed to implementing the program and performance budget for more than two years. It is included in the special programs section alongside current spending and annually in Schedule (E) attached to the Federal Budget Law. This section includes the government program’s name, activity, economic classification, and classification. Implementing the program and performance budget does not mean canceling the item budget (section, material, type, etc.). at all.”
"IRAQ BOOTS ON THE GROUND REPORT" BY FIREFLY, 12 AUGUST
Frank26 [Iraq boots-on-the-ground report]
FIREFLY: [Bank friend] told me don't worry. This may look like a disaster with the United States Treasury here but it's a good thing...They are here to help us to the next and final phase of the currency reforms. Once the issues are fixed then we should see what we all have been waiting for. It's good. Trust me.
FRANK: When your bank friend tells you to trust him, trust him...IMO he's absolutely 100% correct.
FIREFLY :Television now showing us articles, they're holding them up saying the HCL has been held up for 19 years as a hostage. Now it's being presented to the House of Representatives. FRANK: Your HCL is coming to you don't worry about it...Once you see the HCL you wee the new exchange rate.
Iraq signs $290 million loan agreement with Austrian bank, 19 SEPT
Alsumaria News – Economy The Minister of Finance, Taif Sami, signed with the Austrian Ambassador to Baghdad a loan financing agreement from...
-
Walkingstick All these meetings that the CBI had with all these agencies that were helping them with their monetary reform are done. Al...
-
Bank appointment for Currency EXCHANGE Instructions/Checklist Bank Name_________________________________________ Bank 800#____________...
-
RayRen98 BANK STAFF RECEIVED "GET READY" MEMOS THIS MORNING, THEY'VE BEEN EXCITED ALL DAY! Nader From The Mid East Y...