“This is Still the Plan” – Mon. PM KTFA Thoughts/News 5-10-21

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KTFA

DeepWoodz » May 10th, 2021

Imo….Lest some forget….this is still the plan. Get citizens to open accounts, which in turn will bring in more 000’s. When the GOI(not parliament!) reaches their benchmark…..BOOM!

Samson » May 10th, 2021

Al-Rafidain raises the interest rate for saving accounts for citizens who deposit their money in the bank

10th May, 2021

Al-Rafidain Bank announced, on Monday, to raise the interest rate for citizens’ saving accounts.

The bank’s media office said in a statement that Mawazine News received a copy of, that “based on the bank’s policy aimed at maximizing revenues in order to attract cash and encourage customers to save their money instead of hoarding it at home, the bank decided to increase the interest rate on savings accounts to 4.5 percent”.

The bank called on citizens to “deposit their money in the bank and benefit from that service provided to them.”   LINK

Sadikoun: There is a surplus in the budget, and there is no need to borrow

17:16 – 10/05/2021

“We have an explosive budget and there is a large surplus in it, and there is no justification for the financial representation regarding the need to borrow.”

Al-Fatlawi said in a statement to the agency / information / that “there are major flaws in the Ministry of Finance, and there is no justification for asking for financial representation and the need to borrow because the budget is explosive, oil prices are high, and there is a large surplus in the budget.”

He added, “There are revenues from industry, agriculture, trade and border crossings, and there are large revenues from collection and taxes, and there is no need for us to borrow.”

He pointed out, “The government should take a position on the Minister of Finance and the confusion within the ministry and the need to intervene before dumping Iraq into debt.”

It is noteworthy that Parliamentary Finance called for the need to borrow.    LINK

Source: Dinar Recaps

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