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"Purchasing Power" - Fri. PM KTFA Thoughts/News 11/30/18
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"Purchasing Power" - Fri. PM KTFA Thoughts/News 11/30/18
by Ssmith Sat Dec 01, 2018 9:57 am
KTFA
2Cents » November 30th, 2018
IMO......I always thought they would RD with associated RV of .83-1.90ish and truly believe north of 1.30.....They would pass the budget at this rate after which, prior to budget opening, they would RI with an associated rate change to full "glory days" rate......
Remember, if the Iraqi government has no IQD in the coffers, the change in rate does not directly benefit them. RV of nothing is nothing. It certainly, though, benefits the country as the investment inflow will be substantial.
Remember, the Kuwait Donor Conference money has still not been released based on recent articles and we know that many companies/countries are chomping at the bit to get in, however, they await Article 8....
So, hypothetically if they pass a budget at 1IQD/1USD, roughly they pass a budget of 100 Billion Dinars with purchasing power of 100 billion USD......If the rate changes thereafter to 1IQD/4USD at the time of RI, their purchasing power just increased to 400 Billion USD equivalence. That will rebuild the country and take care of the needs of the citizens.........Just some thoughts.......
Samson » November 30th, 2018
Praury: The first reading of the budget within Parliament at this date
30th November, 2018
The deputy of the Kurdistan Democratic Party bloc, Diyar Berwari, on Friday, that the first reading of the federal budget for fiscal year 2019 within two weeks, noting that the dialogues are very positive and we think we will come out with a bill in the interest of all.
Berwari said in an interview that "all the doors of the federal budget for the next year are problematic and observations, but what is distinctive and good this budget, provided a suitable ground to pass in the form that serves Iraq and fulfills the demands is the government's interaction with the amendments positively."
Berwari added that "there is a joint working group between the government and the House of Representatives is working to discuss all the tabulations of the budget and put the comments presented in it and the views of deputies representatives of the provinces or governors and other specialists of the matter," pointing out that "dialogues are conducted very positively by taking all parties concerned We believe we will come up with a bill that will benefit everyone."
He added that "there are sensitive issues should be resolved, first of which is the issue of the liberated areas of Daqash, which was very destructive, in addition to the issue of appointments and solving the problem of contracts and the demands of the people of Basra and the rest of the southern provinces," explaining that "the other issue is related to the issue of the Kurdistan region and its allocations and the oil quota, Agreement and agreements that we believe will come within two weeks to proceed with the first reading of the budget." Berwari stressed that "It will not be many objections being modified and formulated based on observations made by representatives of parties and provinces. "
The House of Representatives discussed its session held Tuesday 12 November 2018 budget , the federal fiscal year 2018 in the presence of Finance Minister Fouad Hussein. LINK
2Cents » November 30th, 2018
IMO......I always thought they would RD with associated RV of .83-1.90ish and truly believe north of 1.30.....They would pass the budget at this rate after which, prior to budget opening, they would RI with an associated rate change to full "glory days" rate......
Remember, if the Iraqi government has no IQD in the coffers, the change in rate does not directly benefit them. RV of nothing is nothing. It certainly, though, benefits the country as the investment inflow will be substantial.
Remember, the Kuwait Donor Conference money has still not been released based on recent articles and we know that many companies/countries are chomping at the bit to get in, however, they await Article 8....
So, hypothetically if they pass a budget at 1IQD/1USD, roughly they pass a budget of 100 Billion Dinars with purchasing power of 100 billion USD......If the rate changes thereafter to 1IQD/4USD at the time of RI, their purchasing power just increased to 400 Billion USD equivalence. That will rebuild the country and take care of the needs of the citizens.........Just some thoughts.......
Samson » November 30th, 2018
Praury: The first reading of the budget within Parliament at this date
30th November, 2018
The deputy of the Kurdistan Democratic Party bloc, Diyar Berwari, on Friday, that the first reading of the federal budget for fiscal year 2019 within two weeks, noting that the dialogues are very positive and we think we will come out with a bill in the interest of all.
Berwari said in an interview that "all the doors of the federal budget for the next year are problematic and observations, but what is distinctive and good this budget, provided a suitable ground to pass in the form that serves Iraq and fulfills the demands is the government's interaction with the amendments positively."
Berwari added that "there is a joint working group between the government and the House of Representatives is working to discuss all the tabulations of the budget and put the comments presented in it and the views of deputies representatives of the provinces or governors and other specialists of the matter," pointing out that "dialogues are conducted very positively by taking all parties concerned We believe we will come up with a bill that will benefit everyone."
He added that "there are sensitive issues should be resolved, first of which is the issue of the liberated areas of Daqash, which was very destructive, in addition to the issue of appointments and solving the problem of contracts and the demands of the people of Basra and the rest of the southern provinces," explaining that "the other issue is related to the issue of the Kurdistan region and its allocations and the oil quota, Agreement and agreements that we believe will come within two weeks to proceed with the first reading of the budget." Berwari stressed that "It will not be many objections being modified and formulated based on observations made by representatives of parties and provinces. "
The House of Representatives discussed its session held Tuesday 12 November 2018 budget , the federal fiscal year 2018 in the presence of Finance Minister Fouad Hussein. LINK
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Re: "Purchasing Power" - Fri. PM KTFA Thoughts/News 11/30/18
by Sam I Am Sat Dec 01, 2018 2:21 pm
"So, hypothetically if they pass a budget at 1IQD/1USD, roughly they pass a budget of 100 Billion Dinars with purchasing power of 100 billion USD......If the rate changes thereafter to 1IQD/4USD at the time of RI, their purchasing power just increased to 400 Billion USD equivalence. That will rebuild the country and take care of the needs of the citizens.........Just some thoughts....."
And stupid thoughts at that. The country is being rebuilt already. They have a development fund and a certain % of oil revenues designated for that purpose. The biggest problem is keeping the idiots from blowing stuff up. The rate for the IQD will never be lower than 1000:1, so any mention of .25:1 (or $4 to 1 IQD) is pure fantasy. No Iraqi budget will ever be based on a rate of 1:1 until the IQD is replaced. This is all guru BS-based dinarian econo-babble.
And stupid thoughts at that. The country is being rebuilt already. They have a development fund and a certain % of oil revenues designated for that purpose. The biggest problem is keeping the idiots from blowing stuff up. The rate for the IQD will never be lower than 1000:1, so any mention of .25:1 (or $4 to 1 IQD) is pure fantasy. No Iraqi budget will ever be based on a rate of 1:1 until the IQD is replaced. This is all guru BS-based dinarian econo-babble.
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Re: "Purchasing Power" - Fri. PM KTFA Thoughts/News 11/30/18
by Scotchie Sat Dec 01, 2018 8:00 pm
Does anyone think Iraq could just make their dinar $1? $2? 3$? 4$? That out of the clear blue Iraq could be worth $400 trillion U.S. dollars? Who does that make sense to? Keep in mind, ISIS holds trillions of dinar, stolen from Mosul. The ONLY answer is a redenomination! Iraq will never revalue their currency.
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