“Misdirection” – Sun. AM TNT Thoughts/News 7-3-22

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TNT

Tishwash:
Associated with the establishment of the Republic of Iraq .. Al-Kazemi sets the Eid al-Adha holiday

The Prime Minister, Mustafa Al-Kazemi, directed, during the regular twenty-fifth session of the Council of Ministers, to specify the Eid Al-Adha holiday for a whole week. 

The General Secretariat of the Council of Ministers stated in a statement that the Eid al-Adha holiday begins on Saturday, corresponding to 9/7/2022, and ends on Thursday, corresponding to 7/14/2022, associated with the establishment of the Republic of Iraq, provided that official working hours in institutions will resume. All government departments, on Sunday, 17/7/2022.  link

Yada:
There are a few articles out of certain people in the GOI and a few CBI personnel stating there is not way they will change the rate because it would confuse the market. Then there is the 35 billion in gold they added to their gold reserves and have the nerve to say they can’t change the rate? FUZE responded “Get ready guys,,,”

CharlieOK:
LOL. “Confuse the market” = Stopping their scam. It’s hard to believe, but articles out of Iraq are less believable now than ever.

KaseyKo1:
There is certainly a lot of misdirection going on right now with the articles coming out. I take this as a good thing, though.  I have high expectations to see something happen next week sometime.

BlueKnight:
I believe Maliki with Iran backing is the real problem. Neither one wants the RV to take place.

Yada:
I’m counting on the EFSL implantation to be in the process now,,before the forming of the next parliament. This law is regardless of their progress or the lack there of.

JanitorJoe:
After 17 yrs in the this I can only hope we are nearing the end of this venture. Perhaps the 4th will launch a new phase in our lives

CandyKisses:
The Minister of Oil directs the disbursement of 100,000 dinars for Eid to all workers in the oil sector

{Local: Al Furat News} Today, Sunday, the Minister of Oil, President of the Iraqi National Oil Company, Ihsan Abdul-Jabbar Ismail, issued an order to disburse a financial reward (100 thousand dinars) to all members of the oil sector, owners, contracts and daily wages.

A ministry statement said, “The minister’s directive coincided with the approaching Eid al-Adha, and the ministry achieved record oil revenues.”

Kurdish Leader: Looting Of Wealth Continues By Political Families In Kurdistan

The Kurdish leader, Hoshyar Abdullah, said today, Saturday, that the looting of wealth continues by political families in the Kurdistan region, while he saw that the postponement of the region’s elections amid international silence is a “scandal.”

Abdullah wrote in a post on the Twitter platform, which was seen by Earth News, that “the living, administrative and security situation in the region is bad, there is no trust between the authority and the people, the looting of wealth continues by political families,” noting that the postponement of the region’s elections amid international silence is a scandal. 

Abdullah asked, “Why did the United Nations insist on early elections for Iraq, but it supported postponing  the region’s elections?”

Tishwash:
Finance Minister: We look forward to reforming the banking sector (07/03)

Deputy Prime Minister and Minister of Finance Dr. Ali Allawi stressed the inevitability of reforming the banking sector in Iraq in line with global developments in a way that makes it supportive of the Iraqi economy. 

Allawi said during the Iraq Finance Exhibition and Conference: “We must create a real supportive banking sector, and make money go in the direction of creating new funds that are commensurate with sustainable development.” 

He pointed out that “the future will be better with an international desire to be present in the Iraqi market, and this is what we see when international delegations attend.” 

And he indicated that “the financial distress that Iraq went through called us to focus on adopting the rules of multi-economy and considering the state’s financial policies and the external influences affecting the economy.”

He stated that “financial institutions are an artery in every economy, and we cannot manage our affairs under the umbrella of the dual transition to a free economy, in light of the dominance of the public sector over the reality of the economy.” 

He pointed out that “since 2006, the government has been provided with studies from international organizations for reform.” 

The Minister of Finance stressed, “It has become necessary to reform the financial sector, and that government banks’ acquisition of more than 75% of deposits is unhealthy.” 

He stressed the need to “improve the investment environment in the country to attract international companies to develop economic sectors.” 

He pointed out that “the annual surplus must finance the investment sector, and this surplus is volatile from year to year due to the size of the budget and revenues.”   link

Source: Dinar Recaps

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