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Monday Night KTFA CC 5-6-19


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Clare » May 6th, 2019

THANK YOU FRANK, WALKINGSTICK, DELTA, AG-1 & TEAMS! FANTASTIC CC!!!
I LOVE THIS LINE TONIGHT... "IT'S ABOUT TO GET REAL...FAST!"....FRANK 26

DELTA » May 6th, 2019

BINGO FRANKIE BINGO ...MEANING LEFT (LIFT?) THE ZEROS IN THE MEDIUM TERM

Popeye7 » May 6th, 2019

IMO We are still in anytime mode... The IMF has already given the go ahead for the 3 zero's to be eliminated from Iraq's dinar... So why would they double speak... Iraq is ready for this..

The i's have been dotted, and the t's crossed as Frank, Delta, WS, MM, and the teams have declared many times... There is nothing left to wait for, and I agree with them...

If Iraq tries any of their prior shenanigans, it will not bode well for the Iraqi citizen... This includes those who are in leadership positions...

Our military is only reenforcing our presence in the region to ensure that all goes smoothly IMO... In fact all is IMO... But I am in great company...

Don961 » May 6th, 2019

The International Monetary Fund sets out 3 structural measures to reform Iraq's finances, including wages and electricity


International Monetary Fund

06 May 2019 11:03 PM

BAGHDAD - The head of the International Monetary Fund's mission to Iraq, Gavin Gray, has recommended a number of key reforms Iraq must follow to reform the financial structure.
The head of the IMF mission said that the first of these reforms was public sector wages, which could reduce short-term spending pressures through compensation measures such as the identification of allowances, bonuses and other non-core payments, and full replacement of pensioners.

Structural measures would be required over the medium term, based on a functional review of the workforce as well as a deeper reform of the civil service once new human resource and information management systems were in place.

The second recommendation on electricity reforms, which was seen as an essential factor in addressing poor quality of service and reducing high budget costs, was due to the modest rates of consumer tariffs, the non-payment of chronic electricity bills, poor maintenance and excessive reliance on expensive sources of generation, All stages of generation, transmission, and distribution.

The head of the IMF mission stressed the importance of ensuring protection of the poor and the most vulnerable during this reform.

The latest recommendation of the head of the IMF mission on strengthening public financial management, in which he explained that strengthening the legal framework and improving compliance and other oversight systems was a key element in reducing misuse of public resources and restoring budgetary discipline. link

Survey: Central European currencies will see strong gains

06 May 2019 11:17 PM

Mubasher: A recent survey forecast that major currencies will rise in central Europe next year, supported by monetary tightening in response to accelerating inflation if Europe's economic risks fall

According to a survey conducted by Reuters from April 29 to May 3 and published on Monday, one of the main risks cited by participants in the survey is the imposition of tariffs by the United States on car imports from Europe

Investors are also monitoring Britain's exit from EU membership

Central European countries have seen inflation accelerate in the past few months, prompting Hungary and the Czech Republic to raise interest rates

Hungary's central bank has dropped its forecast for gradual monetary tightening in March and the Czech central bank said on Thursday it did not expect another increase next year

Both banks in Budapest and Prague pointed to risks to the global economy that could overshadow inflation figures

According to the survey, the average forecast is that the Czech Republic will see a rise of 2.6% next year compared with the closing of last Friday of 25.065 per euro

Hungary's currency is expected to gain about 1.7% to reach 317.67 Ft per euro

The survey indicates that the Polish zloty will rise 0.6% to 4.25 zł per euro

Poland's annual inflation rate remains at 2.2% in April's preliminary estimate, the lowest among the region's major economies and in the bottom half of the central bank's target range of 1.5 to 3.5%

These estimates are somewhat stronger than the levels expected in a poll conducted a month ago, according to Reuters link

Source: Dinar Recaps
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