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 Guru Mnt Goat  SNIPPET for May 30 2020they (Iraq) are in desperate need of money and so what will they do for the June salaries?  DinarDailyUpdates?bg=330099&fg=FFFFFF&anim=1

Guru Mnt Goat SNIPPET for May 30 2020they (Iraq) are in desperate need of money and so what will they do for the June salaries?

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 Guru Mnt Goat  SNIPPET for May 30 2020they (Iraq) are in desperate need of money and so what will they do for the June salaries?  Empty Guru Mnt Goat SNIPPET for May 30 2020they (Iraq) are in desperate need of money and so what will they do for the June salaries?

Post by Ponee on Sat May 30, 2020 9:14 pm

MNT GOAT 


Article:  "GOVERNMENTAL ADVISOR: 5 TRILLION DINARS, THE GOVERNMENT'S NEED TO SECURE SALARIES FOR NEXT JUNE"  ...this article...is telling us a couple things: 


1) the amount of monthly $ they need for salaries (5 trillion dinars or about 4 billion dollars); 


2) they are in desperate need of money and so what will they do for the June salaries? Will they borrow again? 


3) will they resort to using the CBI reserves eventually? 


4) they will have to do something drastic and do it soon since the price of oil is not going to jump to $60 a barrel for a long time


5) this situation is causing great pressure to make the necessary changes for other sources of revenue and not rely on oil revenues, something they should have done already by now and the IMF kept telling them to do it. I can see many benefits for us with the drop in oil prices too as investors. Can you see what might come next?


Article:  "IRAQ PUSHES FOR RESCHEDULING OF REPARATIONS TO KUWAIT"   we have been told many times that by the end of 2021 these war reparations would be repaid. Iraq has been working to pay them off but now they have to halt these payments for some time. I am told this will not effect a reinstatement since the IMF is leaving any negotiations between Iraq and Kuwait between them.

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