Frank26 and KTFA Members "New Phase" 1-31-19

by **Rocky** Fri 01 Feb 2019, 3:05 am

Rocky: Admin Assist; Posts : 280492
Join date : 2012-12-21

Post n°1

Frank26 and KTFA Members "New Phase" 1-31-19

by Rocky Fri 01 Feb 2019, 3:05 am

Frank26 and KTFA Members "New Phase" 1-31-19

1/31/2019
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KTFA:

Frank26: KTFA KONA ....... WELCOME TO THE " NEW PHASE " .............(wink)

Samson: The next stage will witness great economic openness on the regional and global environment

2019/1/31 14:16

Prime Minister, Adel Abdul-Mahdi, said that "the next stage will witness great economic openness to the regional and global environment."

The two sides discussed "the most important items that were added to the law of the general budget 2019, and is likely to arrive in less than two days to the government and the Presidency of the Republic for ratification and start to apply."

Al-Kaabi said that "most of the items added are subject to the availability of financial wealth."    LINK
....

BWS: I'm just a pastor in Texas... but that sure sounds interesting to me...

1mattc1: This is big!

MilitiaMan: No going back from here imo. We are going to get paid. imo. – MM

rat·i·fi·ca·tion

Dictionary result for ratification
/ˌradəfəˈkāSH(ə)n/  noun
the action of signing or giving formal consent to a treaty, contract, or agreement, making it officially valid.
"ratification of the treaty raised problems in several member states"

FA (final Article) #81

"Introduction of a new currency comprises four phases.

First, the necessary preconditions--sound macroeconomic policies and strong financial sector legislation—should ideally be in place or under way.

Next, careful preparation is required, setting up the policies and processes behind the reform and drafting a detailed budget for the entire currency reform (including the cost of printing and minting the new cash currency).

Then comes production of the new currency, and finally the most challenging phase: implementation."

MilitiaMan:   Lets keep in mind the article suggests the Ratification is within two days.... real close.. imo. ~ MM

****************

Giants: Can I say …..HOUSTON PREPARE FOR LIFTOFF!!!! 2,1...…

For a little more confirmation of all the news that's coming out the buy sell has stayed at its lowest levels in years. This is important because usually these rate tick up and they are now staying the same.....Not a coincidence!!!!

The dollar remains at the lowest price in Baghdad in a month

27-Jan 1193.500 1193.266
28-Jan 1193.379 1193.361
29-Jan 1192.368 1192.345
30-Jan 1192.480 1192.452

Samson:  Iraq Ranked Last in Good Country Index

31st January, 2019

Iraq has been ranked last out of 153 countries in this year’s Good Country Index, placing it just behind Libya and Yemen. Iran was ranked 138th.

The idea of the Good Country Index to measure what each country on earth contributes to the common good of humanity, and what it takes away, relative to its size. Using a wide range of data from the U.N. and other international organisations, each country is given a balance-sheet to show at a glance whether it’s a net creditor to mankind, a burden on the planet, or something in between.

The creator of the Index, Simon Anholt, commented:

“Today as never before, we desperately need a world made of good countries. We will only get them by demanding them: from our leaders, our companies, our societies, and of course from ourselves.”

Top ranking went to Finland, followed by Ireland and Sweden.   LINK

**************

Samson:  Baghdad hosts the Iraqi travel market fair in mid-February

31st January, 2019

The Iraqi Travel Market Exhibition (ITM) for the period 16-18 February continues to be held with great international participation.

The exhibition, which is sponsored by the Ministry of Culture, Tourism and Antiquities, isattended by 18 countries from around the world. The number of participating companies reaches (70) touristic companies and tourism establishments.

He pointed out that there is a great interest of tourism companies important regional and international Iraqi travel market, especially that the tourism movement in Iraq over the past years has done significantly.

He pointed out that the organization of this exhibition comes to enhance the Iraqi tourism product as a safe tourist destination and put it on the map of world tourism.  It is noteworthy that Iraq is characterized by tourist features integrated, both archaeological sites and religious shrines and medical and recreational tourism.   LINK

Samson:  Central banks are gearing up after the biggest buying in 47 years

31st January, 2019

Central banks around the world raised their purchases of gold by 74% last year, registered the biggest annual pace of purchases since the suspension of convertibility of the dollar into gold in 1971

According to data released by the World Gold Council on Thursday, total purchases of gold by central banks increased by 651.5 tons to a total of 34,000 tons, the second highest annual increase ever

The increase in geopolitical and economic pressures was the reason why central banks boosted their reserves of gold in 2018.

Seventy-six percent of central banks believe that gold as a safe haven is of great importance, 59 percent say it is a catalyst for the portfolio, Their purchases of gold over the next 12 months

At the level of the most prominent central banks raised their purchases of gold last year, Russia was at the forefront as part of its policy of reducing dependence on the dollar, which bought 274.3 tons in 2018

This is Russia's highest level of annual purchases, and it is the fourth year in a row that Russia has bought gold at levels above 200 tonnes

In Turkey, its gold reserves increased 51.5 tonnes last year, but the increase was less than the 85.9 tonne in 2017

In Kazakhstan, the central bank increased its purchases of yellow metal by 50.6 tons to 350.4 tons

Although Turkey, Russia and Kazakhstan control the largest share of gold central bank purchases, their share of total purchases fell to 58% last year from 94% in 2017

In Europe, central banks increased their purchases of gold significantly in 2018, led by Hungary, raising its gold reserves to 31.5 tons, the highest level in nearly 30 years

In Asia, India was also one of the biggest buyers as it began buying in March and rose in the second half, bringing its total gold purchases by 40.5 tons     LINK

by **Rocky** Fri 01 Feb 2019, 3:07 am

Rocky

Rocky: Admin Assist; Posts : 280492
Join date : 2012-12-21

Post n°2

KTFA Members "News and Views" Thursday Evening 1-31-19

by Rocky Fri 01 Feb 2019, 3:07 am

.KTFA Members "News and Views" Thursday Evening 1-31-19

1/31/2019
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KTFA:

Samson: Abdul Mahdi: The next two days will witness the implementation of an important agreement with Jordan

31st January, 2019

Prime Minister Adel Abdul Mahdi on Thursday signed an agreement with Jordan over the next two days, adding that the agreement will provide thousands of jobs.

"The next stage will witness great economic openness on the regional and global environment. Within two days, an important agreement will be reached with Jordan ....

The next stage will witness great economic openness on the regional and global environment.  LINK

Iobey777: Not sure what we will see happen "within 2 days"...but it sure will be exciting and fun to watch and find out!!!!

DELTA:   WITHIN 2 DAYS .........I WILL GET THE PONYTAIL...ROTFL
....

************

Samson:  Border Ports The customs license is a condition for the practice of customs work

31st January, 2019

The head of the Border Crossing Authority, Kadhim al-Aqabi, said on Thursday that no person is allowed to practice customs work unless he is licensed by the General Authority of Customs.

In a statement received by Al-Madar, Al-Madar said, "Within the field tours to the border port of Trebil, the head of the Ports Authority met with a group of customs clearance agents and listened to their problems which contributed to solving the dilemma of payment of customs duties and taxes in dollars. As a result of the absence of banking companies at the border crossing, Customs to the transfer of the dollar from the road and the prospects of exposure to risks and after contact with the Director General of Rafidain Bank Dr. Khawla Asadi '.

"It was agreed to accept the payment of Iraqi dinar or the dollar and the payment of service fees of 0.085% whether the payment of the customs clearance agent in Iraqi dinar or dollars, and thus brothers can lead agents to open accounts with Rafidain Bank and pay through Visa Card or payment by instruments.

She pointed out that 'the penalty stressed that no one allowed to practice customs work unless it is licensed by the General Authority of Customs and charged the administration of the port and the departments responsible for the implementation of the instructions'.   LINK

KBC123: The above Border Tax article (Post 113) looks very interesting! Enforcing Taxes at Border; Making sure only "official agents" are collecting; and ability to pay either with Dinars or Dollars.... Wonder if those payments are in dinars or dollars at 1 to 1????

Iobey777: I KNOW, Right?!!!!!!!!Sure seems like Iraq is about to have "AN ABUNDANCE OF FINANCE'!!!!

Samson:  Abdul Mahdi: The next two days will witness the implementation of an important agreement with Jordan

31st January, 2019

Prime Minister Adel Abdul Mahdi on Thursday signed an agreement with Jordan over the next two days, adding that the agreement will provide thousands of jobs.

A statement issued by the Office of the First Deputy Speaker of Parliament Hassan al-Kaabi received a copy of it that the latter "visited the Prime Minister Adel Abdul-Mahdi at the headquarters of the Prime Minister," noting that "the two sides discussed a number of bills referred to the House of Representatives with a view to enacting the beginning of chapter Next legislative session. "

The statement added that "the laws were also reviewed to the government for the purpose of the amendment to suit the direction of the current government looking forward to a series of changes in the interest of the country and the requirements of the Iraqi citizen, and the process of follow-up MPs for their oversight work in ministries and the need to facilitate access mechanism to government headquarters."

"The next stage will witness great economic openness on the regional and global environment. Within two days, an important agreement will be reached with Jordan on the export of oil and the opening of Trebil," the statement said. "This will provide thousands of jobs in the field of transport and services.    LINK

JJonesMX:   Why is Jordan so important?   Because of this IMF article IV consultation 2017 ( 24 month meeting mandated) shown below...

Section 2, and currently maintains one exchange restriction and one multiple currency practice

(MCP) subject to Fund approval under Article VIII, Sections 2(a) and 3.

The exchange restriction arises from an Iraqi balance owed to Jordan under an inoperative bilateral payments agreement.

Page 122 of pdf

Blessings    *JJ*

https://www.imf.org/~/media/Files/Publications/CR/2017/cr17251.ashx

Jordan wins $40m deal to Furnish Projects in Baghdad

31st January 2019 in Iraq Industry & Trade News By John Lee.

The Jordan Furniture Exporters and Manufacturers Association (JFEMA) has reportedly signed a memorandum of understanding to carry out furnishing and interior works projects in Iraq, with an estimated total value of $40 million.

According to the Jordan Times, the work will include a project to furnish the largest commercial mall in Baghdad, as well as the capital’s largest hotel and residential apartment projects.

(Source: Jordan Times)

http://www.iraq-businessnews.c.....n-baghdad/