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ChrisC: Everybody seems to be dodging this topic because they are afraid of hurting Frank's feelings on the Dec 30 date, but I don't believe he haphazardly threw that out there.
I have been following Frank for years and he has never pinned himself down to a date and time like that and I think it bears a lot of attention.
He wouldn't have given that date and time if it wasn't real, but I think we should be asking ourselves why they did that but haven't revealed it yet.
We HAVE to be sitting right on top of this, but I don't know what they are holding for, and based on what we think we know about IMF rules, more important should be can they continue to delay the reveal and if so, for how long?
Alison: I'm willing to let Iraqi bygones be bygones. I have high hopes they are about to turn a corner and make Int'l investors (and us) happy! Come on Iraq! If that proverbial ant could move the rubber tree plant take notice, go ahead and RI your currency!
Samson: Abdul Mahdi plans to visit Washington soon and the US presence at the top of the files
4th February, 2019
Iraqi Prime Minister Adel Abdul Mahdi is expected to head a large government delegation to the United States on Monday, the most important of which is the US presence in Iraq.
"Abdul Mahdi will visit Washington at the head of a large government delegation that will carry important and sensitive files, most notably the US presence in Iraq and the conflict with Iran, including US sanctions on Tehran and the exclusion of Iraq," the newspaper said in a report, , Indicating that "Abdul Mahdi wants to obtain political support from Baghdad before leaving to discuss those files."
"The Iraqi prime minister is currently seeking to reach understandings with the political blocs, most notably the alliance" Al-Fath "and the alliance," Sason "on a number of files relating to the US presence in Iraq, before leaving for Washington at the head of a large government delegation.
The newspaper pointed out that "the alliance" Sason "itself is divided by the American presence in Iraq, civil or communist line with the survival of Americans, in contrast to the Sadrist line. LINK
Cleitus: This is very significant! Didn't Frank say MAHDI would soon be visiting Washington? Now why would he REALLY be coming to DC?
Clare: YES............... THEY SURE DID!! FRANK & WALKINGSTICK TOLD US...SPOT ON AGAIN!!!
Magliteparty369: The timing of this is interesting...I wonder what they'll talk about...
Don961: $ 133 billion owed to Iraq, including 1.5 billion dollars to be paid to Kuwait this year
Sunday, 03 February 2019
Baghdad - Writings
Despite the talk of the Iraqi government about its expectations of the rise of economic indicators for the performance of positive, but there are other indicators talking about the difficulty of the matter under the debt accumulated more than $ 100 billion.
The Parliamentary Finance Committee estimated the size of Iraq's external debt at $ 133 billion, according to statistics and official statements prepared by the competent government agencies for the current year.
According to committee member Jamal Kouger, in a statement on Sunday, February 3, 2019, the volume of external debt during the current year amounted to about 133 billion dollars.
He pointed out that the budget law includes 27 loans internally and externally, loans that have been ongoing since the previous government and currently payable, distributed to various financial institutions, including 23 external loans and four other internal loans, "noting that" among the external debt to be paid this year of Before the federal government is Kuwaiti compensation and estimated at 1.5 billion dollars. " link
MilitiaMan: Below are links and thoughts of mine on some of few things that we should look over to remind ourselves where we have been and where we are now. IMO, the view is awesome! ~ imo ~ MM
Iran proposes help to Iraq in digital economy LINK
23rd January, 2019
Iranian Communications and Information Technology Minister Mohammed Javad Jahromi expressed joint cooperation with Iraq in digital economy.
In a meeting here between Jaharomi and Iraqi counterpart Na’eem al-Rbai’i, both sides discussed joint cooperation in communications’ spheres.
Jahromi pointed Iranian progress in remote satellites, where Iraq can benefit from such services, as well as the information security and investments in ground and cell phones.
MilitiaMan: So the relationship with Iran even with sanctions by the USA is still on going, just as will the relationships with other regional and global entities in a digital capacity. No different from the Jordanians, the Saudis, Turks, etc.. Realize that two weeks from the 23rd is February 5th. Same day as our USA SOTU address. Timing of today's talk about bases in Iraq are very interesting. imo ~ MM LINK
Iraq imports goods from Iran for $ 9 billion LINK
"The value of our non-oil exports to Iraq reached about $ 9 billion in 2018, surpassing the value of Turkish non-oil exports to Iraq during the same year," said Hamid Hosseini, director-general of the Iran-Iraq Chamber of Commerce. "The growth of non-oil exports of the Islamic Republic of Iran in the first nine months of the current Iranian year started on March 21, 2018, by 4.5 percent," Hamid Hosseini told a news conference.
He pointed out that "the volume of these exports amounted to 86 million and 940 tons, equivalent to 3.33 billion dollars." "Most of the goods and non-oil goods in 2018 were exported to Iraq, so Iraq was the front of 21 percent of our total exports during this period," he said.
"According to figures released by Turkey, the value of its non-oil exports to Iraq during 2018 amounted to 7 billion and 355 million dollars, while Iran's non-oil value during this year amounted to 8 billion and 738 million dollars," the official said.
The Central Bank of Iran is working on the legal framework to launch the promised regulated foreign exchange market in two weeks, the CBI governor said.
In a primetime interview with state TV late Tuesday, Abdolnaser Hemmati said the currencies to be traded in cash (banknotes) and the exchange bureaux and process purchases and sales would be in electronic format.
Earlier this month, rules for launching an official foreign exchange market were approved by the Money and Credit Council - a top financial decision-making body headed by the CBI boss. "
MilitiaMan: Then there is this below that supports the timing of it all is not by coincidence, imo.... ~ MM
Abdul Mahdi: Revenues of transport and trade with Jordan will revive the labor market in Iraq LINK
2nd February, 2019
Prime Minister Adel Abdul Mahdi on Saturday considered the revenues of the transport and trade movement with Jordan to revive the labor market in Iraq.
"The Prime Minister and his Jordanian counterpart Omar al-Razzaz inspected today the trucks entering through the port in both directions and gave permission to pass through them," said a statement from the office of Abdul Mahdi. "The prime minister and his Jordanian counterpart Omar al-Razzaz inspected the operation of the port and the number of trucks passing by, Double the revenue."
"The revenues of the transport and trade movement will be positively reflected and the labor market in Iraq and Anbar province, especially along the way to the rest of Iraq, will be re-energized to achieve security, stability and economic prosperity," he said.
MilitiaMan: Add this into the mix, money exchangers. IOSCO accession was noted last week real close right inline with the above launch of the Iran foreign exchange (currency) market. All is pointing to completion now for Iraq now. The below is also showing internationalism is a key expectation of the regional and global parties that are waiting for activation, and they will be using and linking to at the systems at the same time, like we would expect with the FOREX and ISX implementations, etc.. ~ MM
The Bank calls on companies wishing to merge to form banking companies.
"Is the first official entity to exist for money exchange and transfer companies and the money in Iraq, including membership of all the exchange companies from the north of Iraq to the south, runs this organization specialists in the Iraqi Stock Exchange and those with experience and certificates."
Samson: World Gold Council : Iraq boosts reserve of gold
4th February, 2019
A report by the World Gold Council (WGC) reported that the amount of gold bought by central banks in 2018 recorded record highs, the highest ever, noting that Iraq is strengthening its reserves of gold.
During the past year, central banks bought the largest amount of precious metal since 1967, buying 651.5 tons, up 74 percent from 2017, buying 375 tonnes of gold, the report said.
"The growing geopolitical and economic uncertainty over 2018 has driven central banks increasingly to diversify their reserves and focus their attention on the main objective of investing in safe assets," the report said.
He added that Russia in 2018 topped the countries in terms of gold purchases, as part of a strategy to reduce dependence on the dollar, as the central bank sold most of its investment in US Treasury bonds and purchase about 274 tons of precious metal.
Besides Russia, its gold reserves have strengthened countries including Turkey, Kazakhstan, India, Iraq, Poland and Hungary (Hungary).
Russia ranks 5th in the world with gold reserves, saving 2113 tons, while the United States ranks first in the world, followed by Germany, Italy and France. LINK