"Leaning in the Direction" - Thurs. PM KTFA Thoughts/News

KTFA

DocK » August 22nd, 2019


TURKMENISTAN MODEL

The pegged exchange rate of 14,250 manat per dollar resulted in an exchange rate of 2.85 new Turkmen manat to the dollar.

A presidential decree issued August 27, 2008, announced the introduction of the redenominated manat on January 1, 2009.

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Watching for an OFFICIAL decree from Iraq.
Tons of articles though.
Hopefully it's sooner (Sept.8 - Sept. 24) than later ( January 1)

Tivon » August 22nd, 2019

Source: Iraq

BAGHDAD / The obelisk: A source in the Finance Committee of the parliamentary, on Tuesday, the date of receipt of the draft budget for the year 2020, while noting that the budget will bring a boom in the Iraqi economy.

The source told local media that “the Finance Committee agreed with the Ministry of Finance to receive the draft budget 2020 in September,” noting that “there will be a qualitative boom in the Iraqi economy through drastic changes in public expenditure and investment funds and services.”

The source, who preferred not to be named, said that “the 2020 budget will be strengthened by the final accounts and will include tables on internal and external indebtedness, taxes, customs, border crossings and returns of state property.” End Quote

This article should emphatically tell everyone that this is not going to Oct or Jan. They need a new International rate prior to opening the 2020 Budget. Which again is why Iraq said they will add purchasing power to Iraq during this current legislative term. That's is why the I.M.F. told Iraq more than a few times this month that they need to release the new rate. Western Union went so far as to even tell citizens to go to any International branch if they want to wire funds outside the country. Of course they jumped the gun but it implies where we are at.

Iobey777 » August 22nd, 2019

YES!! IMO It HAS happened and they will tell us VERY Soon!!!

Popeye7 » August 22nd, 2019

IMO, the very reason why they were allowing for numerous articles about coins during the earlier part of this week... While many are trying to look good in the eyes of the public, and take credit for the increase in their currencies rate, those in the know understand what is coming... I too believe it will happen before the 3rd of Sept... As you stated in your post, so much positive activity that seems to be leaning in the direction of the release of Iraq's true value, or at least increased one... Good post... Thank you, and God bless..

Source: Dinar Recaps
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