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KTFA
Samson » August 25th, 2021
Six million employees in Iraq exhaust the state budget with 69 trillion dinars per month
25th August, 2021
Statistics reveal that employee benefits cost the budget about 55-60 trillion Iraqi dinars.
While economic analyzes considered that this amount consumes about 70% of the imports of the Iraqi state, which is already suffering from financial burdens.
Financial experts considered that this is one of the reasons that push the government to keep the dollar exchange rate as it is.
The financial advisor to the Prime Minister, Mazhar Muhammad Salih, had confirmed earlier that the monetary policy of Iraq would maintain the stability of the exchange rate, while noting that the current account of the balance of payments is free of deficit, but rather there is an expectation of a surplus in the future.
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The number of government employees is growing terribly, while international reports indicate that the Iraqi employee works only ten minutes out of eight hours, which causes billions of dollars in losses annually due to the large increase in the number of employees.
Mazhar Muhammad Salih, adviser to the Iraqi prime minister for economic affairs, says that the state’s philosophy after 2003 relied on distributing oil revenues to employees, where each employee supports five people with the aim of creating prosperity, but this philosophy in the long run harms the country greatly.
The spokesman for the Ministry of Planning, Abdul-Zahra Al-Hindawi, says that the strategy of the Iraqi state in the previous years was to reduce the high level of unemployment, as each budget in the previous budgets included more than one hundred thousand jobs in government departments. He pointed out that the current number of employees exceeds six million, including civil servants, security men and retirees. LINK
Erbil arrests 7 groups .. The Libyan dollar exacerbates the fraud and swindling operations in the Kurdistan Region
25th August, 2021
The Police Directorate of Erbil Governorate, the capital of Kurdistan Region, announced on Wednesday the arrest of 25 people, representing 7 groups, involved in defrauding people in the name of the Libyan dollar.
Erbil police spokesman, Hawker Aziz, said in a press conference held today and attended by Shafak News Agency, that 7 groups, including 25 people, accused of committing 35 crimes were arrested during this period, stressing citizens not to be deceived by the existence of the Libyan dollar because it is just lies and baseless.
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Aziz also announced the statistics of the past six months, saying that 7,981 crimes were committed in Erbil during that period, 7,309 of them were resolved, or 92%, adding that 2,755 suspects were arrested.
In addition, 314 suspects who committed crimes in other provinces of the country were arrested and then headed to Erbil. They were arrested and referred to the places from which they came to receive their just punishment, according to the police spokesman.
The police of Erbil, the capital of the Kurdistan Region, had arrested at different times four gangs trying to defraud citizens by camouflaging them by selling them “Libyan dollars”. And the Libyan ambassador, in an interview with Shafaq News Agency, was, “Many people who talk about the frozen dollar, and it is always followed by the name of a country, and I do not care in this regard what is attributed to this or that country, but it is my duty to stop at what is falsely called (the dollar). Libyan frozen).
Al-Said explained, “Libya’s money from foreign exchange, whether the dollar or other, is in an impenetrable fortress and far from tampering, and since the declaration of independence until today, the Central Bank of Libya has preserved state funds from various cash baskets that are accepted and dealt with from looting, theft, or seizure.”
The Libyan diplomat pointed out that “what is said and rumored about the existence of a frozen Libyan dollar are lies (made outside Libya) by cross-border crime organizations and groups, and their goals are to lure the simple, the naive and the fools, to loot their money in a form of fraud and deception.”
Al-Said Ali Al-Said sent a message to the Iraqi people, in which he said, “I warn my loved ones of the people of Iraq, not to run after these nonsense and what social media platforms are circulating in this regard. Libby.” LINK
Source: Dinar Recaps
FROM MM & PETRA: (Tuesday the 24th)
MilitiaMan » August 25th, 2021
Does anyone here think that our study doesn’t show the reforms to be in play.. The SDR was distributed today. Globally…didn’t the cbi just show us a 33 page announcement? The second strategic plan…. https://cbi.iq/static/uploads/up/file-162607942971064.pdf
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Didn’t Kahdimi just go sign things in Kuwait?… Everyone that was allotted SDRs were told to play fair and be fair to all.. sound like they are warning those that use the money ,,, it is being watched.. block chain… digitally….The digital transformation is upon us.
Did not the regional entities meet and start opening trade this last weekend? They did. Was there not a video of Kahdimi signing a book? Yep … I come back to timing and what has transpired. Let’s keep in mind that that report on the 22nd was not just announcement, it was a road map that is effectively the 2nd Article….Militia-Man….
Petra » August 25th, 2021
Another clue MM…what did K call those 33 pages???… The second strategic plan…with all it entails seems like the 2nd Article to me!!…PETRA….
MilitiaMan » August 25th, 2021
It has all items in place to go to a market economy.. The connection and convergence. With many entities shows we are game on and about game over!! Imo…The SDRs were distributed today!! We are days into the RI, imo ..Militia-Man….
Petra » August 25th, 2021
Yes, the meeting this Saturday has all the makings on an entire new business paradigm between Iraq and the other GCC countries!…The SDR’s were the launch for sure! Liquidity now, to jump start the new digital economy!!!…Today is the 24th…..SDR’s dropped and Reverse-Repo’s continue….now there’s a story! But not much longer…..All Boats!….. PETRA…..
MilitiaMan » August 25th, 2021
Not a record, but, when in trillions a few points are not an issue!! Lol….Sounds like the scuttlebutt Is…There is a bankruptcy in the mix or similar…Being the FED is not mentioned and the UST seems to dominate.. imo….Militia-Man…..
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Petra » August 25th, 2021
Yes…or absorption.PETRA……
MilitiaMan » August 25th, 2021
Yes, good point!.. Militia-Man……..
Petra » August 25th, 2021
Seem-less to the populace but strategic to economic and monetary policy!!… PETRA………
MilitiaMan » August 25th, 2021
The cash from a decade or more on the side lines can’t park worthless money for ever? No, they need to use it to buy bonds.. or lose it!! Lol Militia-Man……..
Petra » August 25th, 2021
Yes. And keep it stored strategically to be used for a specific purpose. PETRA….
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MilitiaMan » August 25th, 2021
The house of cards just went effectively digital!! Imo 22nd was game on.. ioo…Jordan …door to door.. ?..Kuwait and the 33 page doc!!…The playing field is set and it is to be level!!.. Militia-Man……..
Petra » August 25th, 2021
Yes…the countdown has begun imo. 22nd you say? The international party in Baghdad is on the 28th? Lots of interesting things at bay!!!! … So why are they all coming??? Kings, Magistrates, Prime Ministers, Central Bank Governors. ….not their representatives….them!!!! Why???? You all know!!! … We are not calling that specific day. No dates, I know the rules….but close before or after this meeting has key logic to it!!! Anybody see a boat????… PETRA
Source: Dinar Recaps
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