Iraqi Dinar Guru opinions 1-18-2021
Iraqi Dinar Guru opinions 1-18-2021
1-18-2021 Intel Guru MarkZ [via PDK] There is plenty of chatter coming out of Iraq on auctions, bills, the change of value…they plan to revalue and release the lower denomination bills buying up the higher denomination bills off the streets. …Very good stuff coming out of Iraq. Some of our military sources are getting excited because they are also dinar holders. They are anticipating a change in value shortly. Days to weeks…that is what they are expecting at this point…IMO everything is watching to see how this week unfolds.
1-17-2021 Intel Guru RayRen98 Iraqi TV reports that the Finance Minister has revealed that the 2021 Budget will be comprised of borrowing 63 trillion from internal banks and 23 trillion from external banks. The 63 trillion will be supplied by the new exchange rate, it will go FROM trillions down to billions, and the 23 will come from investors outside the country. Congratulations! Parliament is having a meeting TODAY to discuss setting the date to pass 2021 the budget law. FROM trillions down to billions is dropping the 3 zeros and increasing the “exchange rate” Wooooooo Hooooooo!
1-17-2021 Newshound Guru Pimpy Article: “The Foreign Ministry talks about its measures to remove Iraq from the list of money laundering” This is good. They need to get off this list. There’s all kinds of sanction and penalties…with Iraq for being so corrupt over the last couple decades. They’re really starting to get their ducks in a row…we want them off this list. That’s a good thing.
1-17-2021 Newshound Guru Pimpy Article: “American diplomat James Jeffrey: Trump’s model will continue in Iraq and Syria” This article is long but what it does it goes on to explain that the way Trump approached dealing with the Middle East obviously was nothing like prior administrations…he would go down to the ground level and speak directly to those who were boots on the ground and from there make his own decisions. It worked obviously.
1-17-2021 Newshound Guru MilitiaMan Article: “On Saturday, the House of Representatives ended discussion of the budget bill for 2021.” Quote: “determining the price of a barrel of oil and currency exchange in the budget law are the government’s prerogatives, indicating that The implementation of the budget law requires reducing the volume of total spending and activating the private sector, both industrial and agricultural,” …Activating the private sector. That my friends is imo going to a market economy, whereby, activating the industrial and agricultural sectors to create jobs. The real exchange rate will do the trick…
dinarguru.com
Iraq parliamentary procedure:
Article 31
The Council exercises the following legislative powers:
First: the issuance of its bylaw.
Second: Legislating the law that deals with the replacement of its members in the event of resignation, dismissal, death, or loss of membership for any other reason.
Third: Examining the draft laws proposed by the Presidency Council or the Council of Ministers, including the two draft laws of the state’s general budget and the supplementary budget, and approving the final account. Ministers increase the total amounts of expenditures in accordance with Article 62 of the Constitution.
Fourth: Approving an independent and adequate budget for the judiciary.
Fifth: Approving the budget of the Council of Representatives and its committees.
Sixth: Considering draft laws proposed by members of the council and its committees.
Seventh: In the event that the Presidency Council does not approve of the laws, they are returned to the House of Representatives to review the disputed aspects and vote on them by majority, and they are sent again to the Presidency Council for approval, and in the event that the Presidency Commission does not approve the laws again, within ten days from the date of their arrival to it. It is returned to the House of Representatives, which may approve it by a three-fifths majority of its members, without objection, and is deemed ratified.
Iraq Constitution:
Article 62 First
The Council of Ministers shall submit the draft general budget bill and the closing account to the Council of Representatives for approval.
Second
The Council of Representatives may conduct transfers between the sections and chapters of the general budget and reduce the total of its sums, and it may suggest to the Council of Ministers that they increase the total expenses, when necessary.