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Delta and KTFA Members "News and Views" Tuesday 4-23-19


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Post by rocky on Tue 23 Apr 2019, 5:17 pm

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DELTA:   Mr. Ammar al-Hakim assured the Minister of Finance of the need for economic reforms

Editorial date: 2019/4/21 20:40 • 285 times read
[Baghdad: Al-Furat News} The head of the Coalition for Reform and Reconstruction, Mr. Ammar al-Hakim, assured the Minister of Finance Fouad Hussein, the need for economic reforms.
A statement of his office received the agency {Euphrates News} a copy of it, that Hussein reviewed during the meeting "the results of his regional and international tour, and discussed the latest political and financial situation in Iraq and the mechanisms of implementation of the government program." 

Mr. Ammar al-Hakim stressed "the need to carry out economic reforms that will make the Iraqi economy a stable economy through the diversification of sources of income and encourage national industry and adopt a balanced financial policy consistent with the priorities of the current and upcoming phase of the advancement of service and development in the country."

Iobey777:  WELL, THEN, IRAQ!! Now you've had the IMF,THE FAB4, and now the MINISTER OF FINANCE ALL telling you to DO IT!!! Get it DONE!!! NOW!!!



Currency Rate in Pakistan: US Dollar, Saudi Riyal, UK Pound, UAE Dirham - 22 April 2019
KARACHI: Following were the closing rates of foreign currencies in kerb market issued by the Forex Association of Pakistan here on Monday, April 22, 2019.
Currency chart

Delta and KTFA Members "News and Views" Tuesday 4-23-19 A-currency-chart_orig

Monday  Night KTFA CC 4-22-19

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Cbonham:  Why you should invest in Iraqi Dinar


Samson:  After the Baghdad summit .. Economist confirms that the government is obliged to prepare plans to benefit from international support economically

21st April, 2019

Al-Amin stressed that the Baghdad Summit of Parliaments of neighboring countries of Iraq recommended the support of development and investment in Iraq through the holding of memorandums of understanding between governments, stressing that the government is obliged to prepare plans to benefit from this support by neighboring countries through investments or loans or donations and aid To develop them in their proper framework, to achieve development, to re-turn the wheel of the economy, to ensure that they do not fall into the rubble of corruption or to implement useless projects.

Al-Amin said in a statement that: Iraq is witnessing a diplomatic movement at the highest levels after the visits by the President of the Republic to a number of Arab countries, as well as Prime Minister Adel Abdul Mahdi to Iran and Saudi Arabia, Baghdad hosted a conference of parliaments of Iraq's neighboring countries, which ended yesterday.

"The agreements and memorandums of understanding signed last month are very economicbecause the current reality of Iraq after its victory over terrorism and the liberation of land necessitates that it move towards the reconstruction of its cities destroyed by terrorism and prepare for the stage of restoring Iraq's role in the region politically and adopting promising economic development, Of its economic resources".

"The Baghdad Summit of the parliaments of the neighboring countries of Iraq recommended the support of development and investment in Iraq through the holding of memorandums of understanding between governments, because Iraq has won a gangs of terrorists and pushed away from the region and its people a great danger almost entered into conflicts in which lose a lot of lives and resources.

The conference also stressed the support of the reconstruction, development and development of Iraq and the promotion of investment opportunities in various fields of education, health, industry, information technology, culture, trade, finance, free zones and other life facilities, both in the public and private sectors. And the rehabilitation of the infrastructure in which to provide job opportunities to return the displaced to their cities, which obliged the countries of the region to help Iraq for what it suffered during the liberation.

"The government is obliged to prepare plans to take advantage of this support by the neighboring countries through investments or loans or donations and assistance to put them in their proper framework and achieve development and re-turn the wheel of the economy and ensure the failure to slip in the shafts of corruption or the implementation of projects is useless."   LINK

Samson:  Report: What the citizen spends on basic services in Iraq is $ 107 per month

23rd April, 2019

A report published on the site "Numbio", which means the standard of living of the world, for the month of April 2019, that what the citizen spends in Iraq on basic services of $ 107 per month

"What citizens spend in Iraq on basic services, including electricity, heating, cooling, water and garbage, at an average of $ 107.1 per month, is limited to $ 50 to $ 200 a month," the report said

"The prepaid mobile phone tariff is $ 0.10, while the Internet costs 60 Mbps or more at $ 40.22 a month," the report said
Numbio is one of the sites launched in 2009 and is a source of many international newspapers and magazines   LINK


Samson:  The Association of Iraqi Private Banks establishes an effective definition of the concept of financial inclusion

23rd April, 2019

On Tuesday, the Association of Iraqi Private Banks held an activity to introduce the concept of financial inclusion in the Creative Development School, with the participation of the Iraqi Trade Bank "TBI" and the Iraqi Investment Bank

The event included providing gifts and games by participating banks, and introducing students to the importance of banking transactions and the services they provide to citizens
Participating banks highlighted the importance of the banking sector in achieving economic development, supporting projects, opening bank accounts and using electronic payment tools    LINK

Samson:  Oil hits its highest level in 2019 after the termination of US sanctions exemptions to Iran

23rd April, 2019

Oil prices hit their highest levels in 2019 after Washington announced it would end all exemptions granted in Iranian sanctions by the end of May to press importers to stop buying from Tehran

Despite the Washington move, analysts said global oil markets would be able to cope with Iran's hurdles given the availability of sufficient spare capacity from other suppliers
Brent crude futures were $ 74.58 a barrel, up 0.7 percent from their latest closing, their highest level since November 2018

US crude oil futures were the strongest since October 2018 at $ 65.10 a barrel, up 0.8 percent from a previous settlement

The United States on Monday demanded that Iranian oil buyers halt imports by May 1 or face sanctions, ending six-month exemptions that allowed the top eight buyers from Iran, mostly in Asia, to continue to import limited quantities

Before sanctions were reinstated last year, Iran was the fourth largest producer of the Organization of the Petroleum Exporting Countries (OPEC) at around 3 million bpd, but April's exports shrank to less than 1 million barrels a day, according to Reventiv data   LINK


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Delta and KTFA Members "News and Views" Tuesday 4-23-19 Empty More "News and Views" by KTFA Members Tuesday PM 4-23-19

Post by rocky on Tue 23 Apr 2019, 5:19 pm

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Samson:  Governor of Basra announces the release of the financial amounts of the contractors by (30%)

23rd April, 2019

Announced the governor of Basra, Asaad Abdul Amir Alaidani, Tuesday, the launch of exchange funds by the Ministry of Finance, which relate to receivables contractors for the province of Basra in 2019. 

Said Alaidani in a statement received / scales News / copy of it, that "the Ministry of Planning addressed the Ministry of Finance Accounting Service to launch the disbursement of ninety - two billion four hundred and seventy - eight million three hundred and forty nine thousand dinars, which represents the amount of dues contractors for the province of Basra for the year 2019 (30%)." 

He added, that "based on paragraph 28 of the powers granted within the powers of the implementation of the investment project expenditures for 2019 have been authorized Basra province and the validity of the implementation of exchange, taking into account compliance with the instructions and powers for the implementation of the investment budget".   LINK


Samson:   Al-Issawi confirms that Saudi Arabia has entered Iraq strongly to contribute to reconstruction and reconstruction

23rd April, 2019

MP Faleh al-Issawi said on Tuesday that Saudi Arabia has entered Iraq strongly to contribute to its reconstruction and stability and support its sovereignty to curb foreign interference.

"Iraq has suffered a lot from the Iranian presence, which has brought him only a lot of economic, political and security problems, and what has happened during the previous years is the best evidence of that," Al-Issawi said. "The return of Iraq to the Arab embrace means returning to taking the initiative in keeping Regional and international stability".

"The Saudi presence in Iraq is of great importance in contributing to the reconstruction of its lands and the strengthening of its economy and its stability after the years of destruction and devastation suffered by Iraq over the past years," he added.

"The Kingdom of Saudi Arabia was afraid of the economic presence in Iraq because of the policy of previous governments that did not allow Iraq to open up on the Arab axis," noting that "former Prime Minister Haider Abadi announced the Saudi-Iraqi Coordination Council, which was the first step in the beginning of the return of Iraqi relations Saudi Arabia's nature."  


Jjimmyjj:   WOWZA!

I might have had a bit of a hangdog look this morning after first waking up, but after reading this my ears are perked up, and I'm wide-eyed and bushy-tailed!

Saudi Arabia teased this development a couple of weeks ago, Frank and teams have talked about it expansively (especially last night. Thanks, Frank!), and now IRAQ is confirming it:

Iraq is kicking Iran out of the treehouse, and Saudi Arabia is Iraq's new BFF!!

In my opinion, this is a huge development for the future of Iraq. Instead of being tied at the hip with the outlaw state of Iran (who are Shia like them), they have made a huge decision to unite with the Sunni Saudi's. This is monumental.

This is not only words, but ACTIONS to show they are desirous to join the world economy in a big way, and to become a valued member of the western economy. I'm sure they have been promised many rewards for making this step.

Incidentally, kudos to the US for being wise enough to push SA to take the place of Iran. It is one thing to tell Iraq to get rid of Iranian influence, but having someone waiting in the wings to fill the vacuum (and who aren't interested in sending death squads to their country and taking over their government through proxies) is quite another.   This is getting good, kids!

Rommy:  And as a refresher, what was the first country President Trump visited?
That's correct, Saudi Arabia on May 20–22, 2017 .  (very interesting list)  Who's coins has the CBI put on display?

Edwwww:  He also sent Jared Kushner to Iraq on inaugaration day also

Samson:  Abdul Mahdi will visit Berlin, Paris and then Washington next week to discuss Iran's sanctions

23rd April, 2019

The strategic expert, Al-Hashemi, Tuesday, expressed the intention of Prime Minister Adel Abdul-Mahdi to visit Germany, France and America next week, indicating that Abdul-Mahdi will discuss in Washington to exclude Iraq from the import of Iranian gas in the coming period.

"Prime Minister Adel Abdul-Mahdi plans to visit Germany, France and the United States next week to discuss the development of relations and the war on terror," al-Hashemi told the news agency.

"The prime minister will discuss with the US administration the extension of Iraq's exemption from sanctions against Iran for several months to import gas for the operation of power plants in Iraq," he said.

"The region is in a new crisis with increasing US sanctions against Iran and Tehran and Iraq are taking more serious positions to resolve crises without harming their interests," he said.  LINK

Samson:  Washington's recent decision to push the Iranian riyal to the abyss

23rd April, 2019

The Iranian currency depreciated against the dollar after Washington announced tougher restrictions on Iranian oil exports and said it would not grant ex-Iranian buyers a concession after May. 

The data on the site 'Bunbast', which monitors the movement of the Iranian currency against foreign currencies in the parallel market, the exchange rate of the dollar amounted to Monday 140,500 Iranian riyals (Tuman = 10 riyals), an increase of 2.5% from Sunday. 

For comparison, the dollar was sold at the beginning of this year in the parallel market for 112000 riyals, meaning that the US currency rose since the beginning of 2019 until yesterday, 28,500 riyals. 

The drop came after the United States announced on Monday it would end all exemptions from sanctions on Iran in May that allow eight countries to buy Iranian oil without falling under US sanctions.   LINK

Samson:  The arrival of a delegation from the Gulf Cooperation Council to Baghdad

23rd April, 2019

A delegation from the Gulf Cooperation Council (GCC) arrived in Baghdad on Tuesday for an official visit.
"A delegation from the Gulf Cooperation Council (GCC) headed by Secretary-General Abdul Latif bin Rashid Al-Zayani has arrived in Baghdad this afternoon," state television reported in an emergency news broadcast by Alsumaria News. 

On Saturday, April 20, 2019, the Iraqi capital Baghdad hosted the conference of parliaments of neighboring countries of Iraq at the invitation of Parliament Speaker Mohamed Halboussi.   LINK

    Current date/time is Thu 04 Jun 2020, 1:34 pm