Frank26: KTFA FAMILY………..EARLY THIS MORNING I TALKED TO YOU SPIRITUALLY ON HOW TO AVOID CONFUSION. YESTERDAY I TOLD “THE 3” TO BE AWARE OF CONFUSION.
TODAY A FOLLOW UP ARTICLE FROM THE PARLIAMENT HAS BEEN RELEASED TO AVOID ALL CONFUSION ESPECIALLY FOR THE CITIZENS.
READ THE FOLLOWING ARTICLE FROM DON961 VERY CAREFULLY .
I ALSO SHOWED YOU THIS MORNING HOW THE CITIZENS ARE CONFUSED JUST LIKE YOU BECAUSE THE ARTICLES WERE SUCCESSFUL IN CONFUSING WHICH I SAID IS THE GAME PLAN RIGHT NOW.
NOTICE THIS ARTICLE IS NOW WITHOUT CONFUSION AND CLEARLY STATING THAT THE IQD HAS TO GO UP IN VALUE THROUGH THEIR EXCHANGE RATE.
NOTICE WHAT THEY SAY ABOUT THE FLOAT …………THIS WHOLE ARTICLE IS THE DIRECTION THAT I TOLD “THE 3” LAST NIGHT ………..TO LOOK FOR. STAY STRONG IN GOD AND DON’T QUESTION YOUR CONFUSION FOR THERE IS NONE WITH GOD.
Don961: A proposal on the government table to face the parliamentary economic and financial crisis warns!
Economie 05/20/2020 15:41 180 Editor: Zs
Baghdad today – special
The decision of the Parliamentary Finance Committee, Ahmed Al-Saffar, on Wednesday (May 20, 2020), warned against demands to raise the price of the dollar against the Iraqi dinar to confront the financial crisis and maintain the hard currency, stressing that this decision is not in the interest of the Iraqi financial system.
Al-Saffar said in an interview with (Baghdad today) that “raising the dollar exchange rate to face the financial crisis and preserve the hard currency is one of the proposals and monetary measures that the state may take to avoid the liquidity crisis.”
He added, “It is not in the interest of the financial system to raise the exchange rate of the dollar because it will lead to a decrease in the Iraqi dinar price and a decrease in purchasing power and will lead to inflation,” noting that “the classes with limited income and those with salaries will be the first affected by this decision.”
Al-Saffar pointed out that “raising the price of the dollar depends on the government’s ability to apply the necessary public spending from other sources.”
The economist, Rasem Al-Akidi, warned, Thursday (14 May 2020), of floating the Iraqi dinar against the dollar, that is, reducing the value of the Iraqi dinar against the dollar according to a proposal put forward by economists to provide additional funds for the Iraqi budget to be paid as salaries for employees.
Al-Aqidi said in an interview with (Baghdad Today), “The issuance of any decision to float the dinar against the dollar in light of the current conditions in Iraq is very dangerous for the country which is basically suffering from uncontrollable losses, namely fees, customs, taxes and many other financial resources.”
And that “the flotation does not constitute an increase in the value of the Iraqi dinar, but rather we will see an increase in the exchange rates of the dollar due to the lack of its acquisition in the global market, especially with the decline in global oil prices.”
He added that “the flotation will lead to a significant increase in prices, and will be paid by the poor,” noting that “the flotation is taken in light of the stable financial conditions of the state, as well as the diversification of the economy and its dependence on resources other than oil.”
Al-Akidi said that “floating the dinar against the dollar is launching the process of buying and selling without any limits, and the country will face an unprecedented rise in prices with limited and steady salaries, so conditions will be more difficult, especially in the humanitarian context.” LINK
MilitiaMan: There you have it. Just as Frank has taught, and as even Dr. Shabibi has mentioned in the past, that there will be confusion and propaganda at the END GAME..
The below quote and the underlined data above is the data to focus in on. There is only one real option they have and will do. ioo.
As in, they will raise the exchange rate of the IQD by reducing the amount of Dinars to buy Dollars. There is a set of examples below and a chart from the CBI, is noted to have been updated yesterday. The CBI presently shows the public exposure of an increase in the money issuance.
Keep in mind Delta told us days ago on a CC on the Arabic side of the CBI, that they did the increase in currency issuance, which means that what we believe from their data is to be the small category notes and or even coins. Now they are public about it on the CBI site.
They are telling us by their actions, and with articles using confusing opinions trying to hide it or deflect from it. I / we should look to the facts and they speak loudly imo, that they are just about now going into a market economy. Everything is ready and waiting. They can’t do that with out raising the value of the IQD, imo..
I think everyone by now should know that with all we have studied to date, we knew that this was to come at the end..
The REER should follow in very short order. (Real Effective Exchange Rate) One more thing. We know they have been on film showing the destruction of large notes and in mass quantities!! That fact also supports the large amount of money spent printing currency and or minting coins, is the new issuance being reflected on the CBI site. WE watch for the REER.. Lets see what the days bring us.. imo ~ MM
“raising the dollar exchange rate to face the financial crisis and preserve the hard currency is one of the proposals and monetary measures that the state may take to avoid the liquidity crisis.”
“The economist, Rasem Al-Akidi, warned, Thursday (14 May 2020), of floating the Iraqi dinar against the dollar, that is, reducing the value of the Iraqi dinar against the dollar according to a proposal put forward by economists to provide additional funds for the Iraqi budget to be paid as salaries for employees.”
Example : 1USD = 1,190 or .0084 +-USD
1 USD = 500 IQD or .02 USD
1 USD = 100 IQD or .01 USD
1 USD = 10 IQD or .10 USD
1 USD = 1 IQD or 1 USD
1 USD = .50 IQD or 2.00 USD
What Is the Real Effective Exchange Rate – REER?
The real effective exchange rate (REER) is the weighted average of a country’s currency in relation to an index or basket of other major currencies. The weights are determined by comparing the relative trade balance of a country’s currency against each country within the index.
This exchange rate is used to determine an individual country’s currency value relative to the other major currencies in the index.
Don961: The Council of Ministers sets the days for the Eid holiday and directs the salaries of employees and the financial crisis link
MilitiaMan: There are no coincidences now. They will imo use this window to game the RI.. There is a Bank Holiday come Monday in the USA and UK, too.. ~ MM
Iobey777: BOOM!! Praying this is it!