Iraq an economic Study

Hate to say it but with economic condition of the world, I doubt we will ever see an RV except for the fact that all fiat currencies are on a race to the bottom, so with that said we might one day see a day where the federal reserve note and the dinar are both worth zero. lol

Hope I am wrong.

this is NOT going to help our cause. Or could it???

The US Treasury imposes sanctions on Iraqi officials, including militia leaders

Shafaq News / The US Treasury Department announced on Friday the imposition of sanctions on 4 Iraqi officials for human rights violations and corruption.

The US sanctions included the leader of the Asaib Ahl al-Haq group, Qais Khazali, and his brother Laith.

This is interesting. . .

Capital Gains Taxes for Iraqi Dinar Investors

Interesting.......

Iraq discusses Joining European Bank for Reconstruction and Development



24th December 2019 in Iraq Banking & Finance News
By John Lee.
The Ambassador of Iraq in London, Mr. Mohammad Jaafar Al-Sadr, has met Mr. Enzo Quattrociocche, the Secretary-General of the European Bank for Reconstruction and Development (EBRD).

During the meeting, they discussed the possibility of Iraq joining the bank. The Ambassador stressed the importance of moving forward with the implementation of Iraq’s economic development plans by supporting private sector, promoting investment projects and building capacities in the field of developing the banking system.

Mr. Quattrociocche stated that EBRD is ready to cooperate and support Iraq in its bid to become a member of the bank, indicating the advantages of this membership to Iraq, including the opportunity to benefit from global banking experiences to develop Iraq’ banking sector and obtain technical support, assistance that prepares the good environment to invest.

I just stumbled across this article but it’s a good one about the dinar and what’s up

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

I will never forget many years ago when I flew to DIA and talked to a gal working at the currency exchange place....she's like, "...no the Iraqi dinar has not revalued yet..."Remember...it's just speculation!!!

The central bank confirms its continued pumping of the dollar into the market and warns of rumors

Time: 6/1/220 1:49 PM



{Baghdad:} Today, the Central Bank of Iraq announced its continuation of pumping the dollar to the local market, warning of rumors deliberately broadcast by some media and communication sites.

And the official Iraqi News Agency quoted the bank as saying, "We are continuing to pump the dollar to the market and warn of rumors."

Today, the dollar exchange rate rose to 123,000 dinars per 100 dollars after Trump's threats to impose sanctions on Iraq. is over

The economic cost of the Iraqi-American clash … Nabil El-Marsoumi

2020-01-06



Dr. Nabil Al-Marsoumi

1. There is a high possibility that the United States will freeze Iraqi oil revenues that pass through the US Federal Bank to Iraq. As well as the possibility of freezing Iraq’s investments in US treasury bonds, which amount to $ 32.7 billion, and freezing Iraq’s other assets in American banks and financial institutions.

2. The collapse of the Iraqi dinar exchange rate due to the scarcity of foreign currencies and the suspension of the currency auction for the Iraqi Central Bank, which depends on the influx of oil dollars, which will lead to monetary instability and to price turmoil and its rise.

3. A significant decline in the Iraqi cash reserves in the Central Bank of Iraq, which depend on the flow of oil money and thus eroded ability to defend the Iraqi dinar exchange rate

4. The investment environment in Iraq will deteriorate greatly, Iraq will become a repellent for investment, and many international companies will refrain from investing in Iraq because of the security, political and economic instability that prevails in the country.

5. The 2020 budget will suffer from a real crisis due to the significant decline in public revenues on the one hand and the stop of international and American institutions from lending to Iraq, which is one of the important sources of financing the Iraqi budget deficit.

6. A significant decline in the production and export capacity of crude oil due to the expected withdrawal of US and foreign companies in general operating in the fields of licensing contracts as well as the suspension of projects aimed at developing the gas industry and infrastructure for the Iraqi oil sector

7. A sharp decrease in the volume of Iraqi foreign trade for each of the exports and imports funded mainly from oil revenues, which will lead to a huge rise in the levels of prices for goods and services and to a decline in the country's revenues from ports and border ports.

8. The state's inability to provide salaries for employees, retirees, and those covered by the social protection network that depends 87% on oil revenues, and that it is hoped that these salaries will increase by 14 trillion dinars in the 2020 budget to implement governmental and parliamentary reform packages

9. The United States is expected to abolish the exception granted to Iraq by importing gas and electricity from Iran, which will negatively affect the supply of electricity to citizens.

10. The significant losses that the Iraqi banking sector will be exposed to due to possible US sanctions.

11. Iraq will have to pay several billion dollars to the United States in exchange for its evacuation of its military bases in Iraq.

12. The decline in performance in the Iraqi economy, especially in the sectors of agriculture, industry, construction, and transportation, which will exacerbate the problems of poverty and unemployment in Iraq.

13 The great damage that will be caused to the Iranian economy, which depends a lot on Iraq, as Iran exports to Iraq $ 12 billion worth of goods annually that contribute greatly to reducing the severity of US sanctions on it, as well as stopping the flow of Iranian oil through Iraq and to the decline in the number of Iraqi tourists to Iran, which limits the flow Foreign currencies to Iran, as well as the suspension of oil derivatives imported by Syria from Iran through Iraq, as well as the endeavors aimed at linking rail networks between Iraq and Iran as part of a broader plan to enable Iran to transport its goods to Syria and its Mediterranean ports.

Looks like an attack on a base in Taji, Iraq where US troops are hosted


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

Looks like a false alarm, or a test, so many on a hair trigger right now.

The Finance Committee reveals the mechanism for paying Iraqi debts .. And the Central reveals its policy to control the exchange rate

The Parliamentary Finance Committee announced, Thursday, January 9, 2020, a discussion of the mechanisms that must be followed to preserve Iraqi money, pay debts, and the financial situation in light of the tension in the region, during its hosting of the governor of the Central Bank and the Ministry of Finance and the head of the Financial Supervision Bureau.

A statement to the committee said that it hosted the governor of the Central Bank, the head of the Financial Supervision Bureau, the director general of the budget department in the Ministry of Finance and the assistant director general of the Iraqi Trade Bank, TBI , to “discuss the current events in light of the military escalation taking place in the region and its effects on the financial situation of the country and the monetary policy that must be followed To control the exchange rate of the currency in the Iraqi market. "

The statement added, "The Finance Committee heard the guests' presentation after they provided a detailed explanation of the mechanisms that must be followed to preserve Iraqi money inside and outside Iraq."

He continued, "The Governor of the Central Bank indicated that Iraq’s debts were scheduled and paid at the specified times, stressing at the same time that the political positions of Iraq affect, of course, its financial position, whether negatively or positively, and that follows the type of position and the consequent reaction."

The Finance Committee confirmed at the conclusion of the statement, it "seeks to permanently stave off danger from Iraqi money and correct the course of its monetary policy in light of the tension in the region and spare the country to fall into a deadlock that negatively affects its economy and development."

Very interesting OC

From DG. . .

" For the second time in a week President Trump speaks about Iraq. In last night's interview President Trump was asked, "Do you think Iraq should repay the American taxpayers for these bases...for what we've done there?" His answer was very surprising. President Trump revealed how much of Iraq's money the U.S. holds in an account. You can watch the interview above...the question begins at the 14:22 mark."

Close The Central Bank of Iraq opens 4 accounts with the US Federal Bank for the purpose of starting to implement the Chinese agreement


The Department of Investments and Foreign Remittances of the Central Bank of Iraq announced the completion of the opening of four accounts with the American Federal Bank for the purpose of starting implementing the framework agreement with the Chinese Government's Export and Credit Guarantee Agency.

The Central Bank of Iraq confirmed in a letter addressed to the Prime Minister’s Office, to inform it of depositing the amounts of oil shipments issued under the above agreement by the Sumo Oil Marketing Company in the accounts of the Central Bank of Iraq, which amounted to four hundred and eighteen million and ten thousand eight hundred and sixty-seven American countries and twenty-four cents for the month of October The first and the second of October.

The Central Bank of Iraq called on the Prime Minister’s Office to inform him of the start of implementing the agreement for the purpose of completing the contract with an investment company to monitor the accounts.

The three presidencies stress the maintenance of the security and money of Iraq and the speedy formation of the government
Time: 1/15/2020 9:07 PM



{Baghdad: Al Furat News} The three presidencies, in a meeting today in the Peace Palace, stressed the preservation and maintenance of security and money for Iraq.

A presidential statement, received by the Al Furat News Agency, received a copy of it.

He added, "The importance of accelerating the formation of the new government and meeting the requirements of reform at various political, economic and service levels was emphasized, in a manner that preserves the sovereignty of Iraq and the security of Iraqis from the challenges of terrorism until achieving the victory achieved."

The meeting also focused on "the necessity of taking into account the concern for national sovereignty and preserving it from external interference and preventing excesses in this regard."

America calls for the appointment of a “strong” Prime Minister of Iraq and rules out the withdrawal

Time: 1/15/2020 9:40 PM
Deputy Assistant Secretary of State for Middle East Affairs, Joy Hood, said that the US administration is looking forward to strengthening the relationship of strategic partnership, denying "any talk now about the withdrawal of American forces from Iraq."

In an interview, Hood called for Iraq to "accelerate the appointment of a strong prime minister who would control security forces and lead Iraq toward prosperity and the strengthening of sovereignty."

The US official added that "the current time is appropriate for the United States and Iraq to sit together to talk about commitment to strategic partnership at the diplomatic, financial, economic and security levels."

On Monday, US Secretary of State Mike Pompeo said that all Iraqi leaders had told him on private councils that they supported the US military presence in their country, despite public calls for American soldiers to leave Iraq.

Pompeo added that what he heard during talks with about 50 Iraqi officials, since the beginning of this month, contradicts what they publicly announce, stressing that they all welcome the American campaign to combat terrorism.

The Iraqi parliament had voted on a resolution calling for an end to the presence of foreign forces in the country, after the air strike in which the commander of the Quds Force in the Iranian Revolutionary Guard, Qassem Soleimani, and the deputy head of the Popular Mobilization, Abu Mahdi al-Muhandis, were killed on the third of this month.

Loud and clear

I was trying to post on another thread and the site didn't like what I was saying for some reason, so I had to go in and change one word after another to make it work. Apparently, GLP doesn't like the misspelled version of "p0rn." I wasn't even trying to write that. I was trying to write "pr*nouncement."

Damn incels and their stupid language.



Last Edited by Revbo™ on 01/22/2020 10:41 AM

Darn it Rev, I thought you might have had some good intel.

Nobody ever tells me shit. You'd think, after 12 years here, God knows how many "buddies," and being a mod for a couple years, I would have made some good contacts. Turns out, nobody knows squat around this joint.