Iraq an economic Study

You dinartards rich yet

Is AC a fag yet? Yes he is.

UN says Barzani “joyous news”
by Walter



The leader of the Kurdistan Democratic Party (KDP), Massoud Barzani, received Monday in Salahuddin Jinin Hines Balashkart, the special envoy of the UN Secretary-General in Iraq.

During the meeting, they discussed the political situation and the latest developments on the level of Iraq and the region, and highlighted the political process in the Kurdistan Region.

The special envoy of the Secretary-General of the United Nations, described steps to accelerate the political process and the election of the President of the Territory and the formation of the territorial government news "joyous" to all parties.

The situation in the areas covered by Article 140 of the Iraqi Constitution, the relations between Arbil and Baghdad, and the role of the United Nations in helping the two sides to address the problems between them, were other hubs in that meeting.

[link to www.shafaaq.com (secure)]

Saudi Arabia offers $56 billion in investments in Iraq
by Walter

Saudi Arabia offers $ 56 billion in investments in Iraq

Baghdad:
The head of the Coalition for Reform and Reconstruction Ammar al-Hakim, on Tuesday, the Saudi offer of 56 billion for investment in Iraq with the freedom to choose projects and their locations.

Hakim said during a meeting organized by the Rafidain Center for Dialogue, followed by the news, "that" Saudi Arabia offered 56 billion to invest in Iraq with the freedom to choose projects and sites,

Pointing out that "the Saudi leadership informed Iraq that it is coming to the policy of openness and start a new phase."

[link to translate.googleusercontent.com (secure)]

BAGHDAD (
Reuters) - Kuwait's finance ministry announced on Monday its signature and its Iraqi counterpart an agreement to avoid double taxation and prevent financial evasion in terms of taxes on income and capital.
"The agreement includes several advantages related to exemptions and tax cuts on investments or business, whether in Kuwait or Iraq," the Kuwaiti Finance Ministry said in a press release.
"The agreement signed by the Kuwaiti side, Undersecretary Saleh Al-Sarawi and his Iraqi counterpart Dr. Maher Johan, aims to remove the financial obstacles that can restrict the movement of capital and trade between the two countries.
It is noteworthy that the agreement was signed on the sidelines of the meetings of the seventh session of the Kuwaiti-Iraqi High Joint Committee, hosted by Kuwait on May 11 and 12, under the chairmanship of the Deputy Prime Minister and Foreign Minister of Kuwait Sabah al-Khalid al-Hamad al-Sabah and Iraqi Foreign Minister Mohammed al-Hakim.

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Economist: Iraq has become a very large banking office
by Walter


IRAQI CONCERNS
16:08 02.02.2019 Copy the link
Dia Hassoun
The US Ambassador to Baghdad, Douglas Seelman, addressed a message to the Iraqis as he completed his term as US ambassador to Iraq, asserting that Iraq is ahead of a sovereign and prosperous future. "As my mission ends, I want all Iraqis to know that I see great potential, A truly democratic Iraq, sovereign, independent and prosperous. "

00:00 / 15:33
Douglas said that our unprecedented security cooperation with the Iraqi security forces led to the unification of Iraq and contributed to its stability.

Is what the US ambassador said came from diplomatic courtesy, or is there really a major economic revival waiting for Iraq?
Guest of the program "Iraqi worries" on the radio " Sputnik " economic expert Saleh al-Hamashi, says about the statements of the US ambassador in Baghdad:

"The statement of the US ambassador in Baghdad came as a courtesy to the diplomatic and hope for the Iraqis, but the reality of Iraq in fact, is a tragic reality, the United States claimed that it will make Iraq a democratic country, but the situation today in Iraq is different, where It is worsening day after day, and is deteriorating, there is a large increase in the population, leading to great pressure on services, not to mention the problems of unemployment and housing, and Iraq's debt is increasing year after year, and I do not think there is a bright future awaits Iraq, Under this situation, with a regional and international conflict to gain market share Iraq , the problem of the Iraqi economy is that it is linked to oil, and the latter is linked to the global economy, which suffers from many problems too, there is a slow growth, and there is a very large international conflict between the United States and China in control of international trade, Is suffering from economic problems, all these problems reflected on oil prices, and then reflected on the situation in Iraq, and on this basis, I do not think that the future of Iraq bodes well economically.

And whether the international race towards Iraq is a positive indicator of Iraq's economic future, says Al-Humashi:

"States are racing towards Iraq is to get the greatest benefits to their interests, and remains the role of the Iraqi government to benefit from these economic relations, but it is noted, there are many agreements concluded by the Iraqi government adversely affect the Iraqi market, the exemption of Jordanian goods from the tax, For example, negatively affect the Iraqi industry, as well as increase the volume of trade exchange with Iran and try to reach 20 billion dollars a year, all for the benefit of countries and not for the benefit of Iraq, in addition to the Iraqi government has not yet shown important investments related to the residential aspect or Structural aspects The government lacks data and statistics, while there are no private sector projects. There is no real description of the economic problem, In a country that does not have an economy, but has money, where Iraq has become a very large banking office, and countries are trying to get their share of the emerging Iraqi market. "

As for private sector investments in Iraq, al-Humashi says:

Private sector investment is very limited, limited only to entertainment, because there is no protection of capital, under the socialist system inherited by the Iraqi government from the former regime, the private sector is linked to the factories of the government is suspended from work, and the economy is still in the hands of the state and government banks are in control of Money in Iraq, and notes that the government does not want to liberalize the economy properly, which begins to reform the banking system. "

Ahh well back in the drawer for my Dinar for a while methinks.

A bomb went off in Baghdad
Not a good sign

With this Iran conflict I’m afraid we are at a stand still AGAIN

Central Bank of Iraq
by Walter
May 23, 2019
Small categories

To all banks ( small categories )
We would like to inform you that this bank continues to provide you with small categories of the Iraqi currency by withdrawing the funds from your current balances. If you have any questions or comments, you can email us at the following address ( followup and [email protected] )

[link to cbi.iq (secure)]

Central Bank expands its exchange rate and gold database
by Walter
Editorial date: 2019/5/30 11:40



(Baghdad: Al-Furat News) The Central Bank of Iraq, expanding its database of exchange rates and gold.

"The Central Bank of Iraq would like to clarify that it has worked to expand the database on exchange rates and gold prices on its website and that this rule includes the daily and monthly rates of the exchange rate of the Iraqi dinar and currencies," the statement said. Other towards the US dollar and gold prices. "

The statement pointed to "the possibility of reference to these indicators by all beneficiaries (researchers and scholars as well as government institutions and the role of the judiciary and the courts), without the need to request through paper correspondence, which helps to reduce the burden of correspondence and increase awareness in the use of data electronically.

The statement said that "the Central Bank's Statistics and Research Department will answer all inquiries regarding exchange rates."

[link to alforatnews.com]

Central Bank: The deletion of zeros aims to tighten banknotes and needs parliamentary legislation
by Walter



[link to public-api.wordpress.com (secure)]

from MarkZ: "Its my opinion that if you just go into a bank to exchange – you will only get the street rate…whereas if you call and make a apt at the redemption centers you will get higher contract rates...If you are...following the Dinar sites you are not the “general public”...you know to wait for 800 numbers and make an apt...so banks consider you part of a “informed” group...We are hearing we will be done before the public sees the new rates…..so they won’t post the new rates on forex until we have exchanged at redemption centers...My forex source expects to see new rates Thursday Night…."


Any opinions on these supposed 800#'s and redemption centers?
This sounds like BS and very fishy to me.

Thanks.

Those are a joke. Stay away from people that say this stuff!!!!

Thanks OC, that's what I thought

Baghdad and Beijing discuss Iraq’s accession to the economic belt agreement






16-06-2019 06:31 PM


Baghdad

Minister of Transport Abdullah Luaibi received on Sunday Chinese Ambassador Zang Tao and his accompanying delegation to the Cabinet to discuss Iraq's accession to the road and road initiative in view of the importance of its economic and commercial position.

According to the statement of the Ministry of Transport, "Luaibi explained during the meeting that Iraq is actively seeking to join the international initiative as it aims to converge visions between the participating countries, especially that Iraq has an important geographical location distinguishes it from other countries linking the Mediterranean Sea and the Arabian Gulf, Transport goods and travelers between East and West '.

"The new government program emphasizes the need to open up to all countries in the world, especially in the field of major economic investments and constructions related to transport and trade, which contribute to the country's economy and reputation," he said.

For his part, the ambassador said that Iraq is an integral part of the initiative of the belt and the road, pointing out that the initiative is available to all countries of the world, in addition to the Chinese government is moving towards globalization to make all countries to move forward.

The Iraqi government signed with the Chinese side at the end of 2015 agreements and memorandums of economic cooperation and to participate in the construction of the economic belt of the Silk Road land and sea.

Hey there OC, I like your new pic, very nice.




Anyway, check out what Trump say in this clip from 00:23 to 00:49. Very interesting.

Just ignore what the YouTuber is saying.

Thank ya!!!

I do not believe it’s related to our stuff but I maybe wrong

Council of Trade and Investment Framework Agreement between Iraq and the United States held its second meeting in Washington
The meeting was held in Washington, DC on June 14, 2019, the second meeting of the meeting of the Council of Trade and Investment Framework Agreement between Iraq and the United States, which is a result of the framework of trade and investment signed between the two countries in 2005.

The council was headed by Iraqi Trade Minister Mohammed Hashem al-Ani and US Deputy Trade Representative Jeffrey Kirsch

A statement on the meeting said Iraq and the United States had discussed a number of bilateral issues related to trade and investment.

He pointed out that the cooperation between Iraq and the United States in these areas aims to "enhance Iraq's entry into the global economy and find ways to enhance greater opportunities for mutual communication between the two countries' markets and thus create jobs and attract investment to both countries."

The statement said that the United States expressed its "support for the decision of Iraq to re-enter the process of accession to the World Trade Organization and ensure the local reforms required to meet the obligations of the Organization as well as the liberalization of customs tariffs and trade in services. The United States also expressed its support for Iraq's decision to accept tax returns prepared in accordance with international financial standards. "

"In order to attract foreign direct investment in priority areas, Iraq recognized the need for a strong and appropriate investment environment with transparent systems."

Iraq also confirmed to the United States that it would issue 12-month visas to US citizens as well as the National Investment Authority to facilitate visits by US investors by granting them six-month visas issued by a special visa office at the airport.

He continued in the meantime, the Commission is working on the implementation of a single window system to facilitate and facilitate the procedures as well as work with the Ministry of Finance and the World Bank to improve the performance of Iraqi banks and strengthen their role in support of small and medium enterprises

The Iraqi government is also working through the United Nations Conference on Trade and Development (UNCTAD) to implement a one-stop shop for business registration that will reduce the challenges faced by investors

To improve mutual and bilateral market access, the United States has raised the issue of reducing unnecessary documentation requirements and adopting international standards

The United States also encouraged Iraq to reduce its tariffs on poultry.

Iraq and the United States also discussed the importation of rice and wheat and transparent bidding procedures for cereals in Iraq under two memorandums of understanding.

In order to increase the procurement of medicines, medical equipment and equipment, Iraq and the United States are cooperating to conclude a memorandum of understanding.

The statement underscored the commitment of the Governments of Iraq and the United States to make progress ahead of the next meeting of the Council.

Supposedly, they’re going to vote on Ali Allawi as the first legitimate director of the CBI since Shabibi on Monday. If it happens, that will be huge. I don’t know if anyone remembers this guy, but he was favored by the World Bank to replace Shabibi literally hours after Shabibi was dismissed back in 2012. If he had replaced him, we would have been done with this years ago.

[link to alsabaah.iq]

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Last Edited by Revbo™ on 06/27/2019 10:53 PM

excellent info!!! thanks for this post!!

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A letter open to the Prime Minister of Iraq, his people and his economy first
by Walter



Articles
Samir Nusairi
Samir Nusairi

Peace, mercy and blessings of God

Two days ago, in the media and social media, there is a change in the leadership positions of the private agencies. On the basis of what is specified in Article 8 e in the Budget Law 2019 that the 2019/6/30 date for the termination of proxy positions for all the leading positions in the Iraqi government.
I believe that the application of this article transparently and without prior political intentions means that the competent authorities in the government and in the House of Representatives reassess those who hold these positions by adopting important and fundamental criteria that begin first and foremost from a analytical and analytical view of the results of the work of the official in the post. And what he and his team was able to achieve from the national achievements and have a direct impact on achieving the central objectives of the previous and current government within the hubs of its government programs approved by the House of Representatives.
In order to be clear and specific and direct and in the best interest of Iraq and its national economy. He called on Dr. Adel Abdul Mahdi, the Prime Minister of the distinguished. He is an economist who knows all the areas of success and failure in the Iraqi economy and who are the symbols of success who have achieved economic steadfastness and to take steady steps to achieve economic stability during the years Previous.
What concerns us here is the role played by the Central Bank of Iraq and its achievements and bright points during the lean years (2015-2019), in which Iraq suffered from economic and security shocks and was able to policies, procedures and wise applications of monetary policy to support the national economy and contribute directly to the economic steadfastness And decisive victory over terrorism because military victory can not be achieved without steadfastness and economic support.

Therefore, through the review, analysis and evaluation neutrality and transparency of the Iraqi economic situation and in particular is achieved by the ministries and economic institutions in Iraq from a competent point of view has been reached facts and evidence and signals and achievements confirm that the Central Bank of Iraq proved to be the economic institution through its important achievements in supporting the economy National economic resilience and strive to accomplish economic stability, according to the main objectives of the strategy and sub-working side -by- side and fruitful cooperation with the special representative of the Iraqi Association of banks of the banking sector and this is what really achieved
as it contributed to the The victory over terrorism and accompanied by another victory is the steadfastness and economic victory, which was the team of the Central Bank of Iraq a key role and leading in achieving.

The most important of which is the support of the state treasury, the stability of the exchange rate, the recovery of the Iraqi dinar, the reduction of inflation and the maintenance of its share of less than (2%). And to maintain a 160% cash reserve as a cumulative accumulator in accordance with the latest IMF standard with gold reserves within an excellent record rate. The third is the Arab and the 37th globally, in addition to its adoption of standards and controls that comply with the requirements of international standards of compliance and Kavhh money laundering and terrorism financing and liquidation of up to 700 international Note registered on the Iraqi banking system and our exit from the area of monitoring and follow-up according to the Financial Action Task Force (FATF (and strict adherence to achieving basic goals
And the activation and consolidation of new visions for the applications of monetary policy and the important thing that is achieved is the stability of the exchange rate and reduce the gap between the official price of the US dollar and the parallel price is a key objective of monetary policy
and the implementation of the policy of re-trust banking transactions with Iraqi banks and Arab and foreign banks and seeking to build a solid banking sector and continuing To make extraordinary efforts to improve the banking reputation of international financial institutions and organizations and correspondent banks.
And building strong relations with Arab and foreign central banks and international financial organizations. The Security Council's invitation to the Governor of the Central Bank in his rare event to present the achievements in the field of combating money laundering and financing of terrorism. The procedural, regulatory,
Which aims at achieving financial stability and developing the banking business technically, structurally and organizationally, and raising the percentage of financial coverage to the target percentage, where he prepared and laid the foundations of financial and technical appropriate to the reality of the Iraqi economy and banking mechanisms, which formed a solid base on the domestic and abroad. All these achievements have prompted the Arab bank governors to elect the Governor of the Central Bank as the current governor of the Arab Monetary Fund and as the chairman of their board in the next session, a vivid embodiment of Iraq's economy recovering from its crises and that is a tribute to the Iraqi people and its economic, financial and banking institutions.
The Prime Minister is required to implement Article 58 in the budget of 2019 in accordance with transparency and respect for the principle of public service in the service of society and to be honored the achievement of national economic achievements and they are on the agency's site and install and motivate them to complete the triumphant march in the service of Iraq and its people and economy. With appreciation

Heya wQw! I didn't know you're a dinarian! In fact, I never noticed this thread here at GLP.

I haven't been following any of the dinar news sites for several years... but a few weeks ago (out of the blue) I got a call to be on stand-by!

Fingers crossed for everyone... It's been a long journey!

:)

Last Edited by alwaysme on 06/29/2019 01:25 AM