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Featured Post

Restored Republic via a GCR: Update as of April 11, 2021

Restored Republic via a GCR: Update as of Sun. 11 April 2021 Compiled Sun. 11 April 2021 12:01 am EDT by Judy Byington, MSW, LCSW, Therap...

Wednesday, April 7, 2021

"Budget is Signed and Ready" - Wed. PM KTFA Thoughts/News 4-7-21


Samson » April 7th, 2021

China is the first major economy to issue a digital currency

15:16 - 07/04/2021

The Chinese government has begun issuing a digital currency powered by blockchain technology to its citizens, which is the technology that supports cryptocurrencies such as Bitcoin and Ethereum.

To encourage its spread and circulation, China launched a lottery system, distributing coins to 750,000 of its citizens, on Tuesday, in the first official launch, where they can actually spend their digital yuan in stores and online using a special application.

This comes at a time when application-based payments are becoming very common in Chinese businesses, so merchants have been quick to adapt to the new government offer.

With the launch of the digital currency, each circulating yuan will be present as a physical or digital currency, while analysts expect the Chinese government to raise the amount of digital currency in the future, thus reducing the amount of physical currency available in the market. Some also believe that China plans to digitize all of the yuan simultaneously, according to German data company Statista.

China is the second country and the first major economy to officially launch a digital version of its currency, through blockchain technology, after the Bahamas launched its digital currency last year, known as the sand dollar, according to Bloomberg, as the currency was widely accepted by stores in the capital, Nassau.

And "Bloomberg" has identified 4 other countries that have concrete plans to launch its own digital currency, namely, South Africa, India, Pakistan and Thailand.

While a chart by "Statista" referred to a group of countries that are still exploring digital currencies, beginning with the United States, Russia, the European Union, and the United Kingdom, as well as Arab countries such as Egypt, the United Arab Emirates, and Morocco. LINK

Source: Dinar Recaps

Clare » April 7th, 2021

The President of the Republic approves the 2021 budget and returns it to the government to implement it, starting tomorrow


Shafaq News / An informed political source said, on Wednesday, that the Presidency of the Republic had approved the budget law and returned it to the government to work on it.

The source told Shafaq News Agency that the President of the Republic, Barham Salih, approved today the federal budget for 2021, and it was sent to the Ministry of Finance to start working on it, starting tomorrow, Thursday.

The Deputy Speaker of Parliament, Bashir Haddad, announced yesterday, Tuesday, that the parliament will refer the Federal Budget Law for the year 2021 to the Presidency of the Republic for approval.
According to a document signed by the Deputy Secretary-General of Parliament, Sadiq Jumah Hamid, addressed to the Office of the Presidency of the Republic, and obtained by Shafaq News Agency, that “based on Article 73, Clause III of the Constitution, we send to you (the Federal Budget Law of 2021).”


Bravo13 » April 7th, 2021

So it appears the budget is signed and ready for implementation as soon as it's published, is this correct ? now just waiting for publication to see the rate?

Samson » April 7th, 2021

Planning announces that the Ministry will soon finish completing the reform and recovery plan in Iraq

04/07/2021 17:18:29

The Minister of Planning, Khaled Battal Al-Najm, confirmed today, Wednesday, that the Iraqi government is making exceptional efforts to confront the difficult conditions that Iraq is currently facing, in order to address them and limit their future repercussions on society.

"This came during the minister's participation in the consultative workshop organized by the United Nations Mission in Baghdad today, during which the United Nations Program of Action in Iraq was discussed for the next four years, and the Minister of Immigration was also attended by it," the ministry said in a statement.

The displaced, Irina Solorano, the deputy special representative of the United Nations for humanitarian affairs, as well as representatives of a number of ministries, representatives of the private sector, civil society and university professors.

The Minister of Planning explained, "The government efforts are focused today, in enhancing the health capabilities to confront the Corona pandemic, and there are other efforts and measures related to youth who represent the largest segment of the population, and they are the main engine of the popular movement in Iraq, as well as the government's measures to address The displacement file, and the economic reforms included in the White Paper and the Five-Year Development Plan 2018-2022

Indicating that "the Ministry of Planning is about to complete the preparation of the reform and recovery plan, which will be complementary to the national development plan, expressing hope for more cooperation with the United Nations agencies and the international community and uniting efforts in order to face these challenges, revealing that the Council of Ministers issued a resolution called Under which the Ministry of Planning, a national coordinator with the international community.

For her part, the UN representative, Irina Solorano, praised the efforts of the Iraqi government in the face of the current circumstances, noting that "the framework of the United Nations Program of Action in Iraq for the next four years includes many activities, including work to achieve social cohesion and develop the economy, within the framework of priorities. Determined by the Iraqi side." LINK

Source: Dinar Recaps

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Dinar Chronicles is not a registered investment adviser, broker dealer, banker or currency dealer and as such, no information on the website should be construed as investment advice. We do not intend to and are not providing financial, legal, tax, political or any other advice to any reader of the website. This website is...Read More