Frank26: "A FLOAT INTERNATIONALLY AUTOMATICALLY RAISES A CURRENCY'S VALUE".......F26
Don961: The Iraqi Finance Minister supports the floating of the currency
26th August, 2021
Finance Minister Ali Abdul Amir Allawi confirmed on Thursday that he supports floating the currency in a flexible manner.
Allawi said in response to a question by Shafaq News Agency, "The Iraqi currency is floating, but the central bank intervenes from time to time until it places it within a certain bar, (RV/RECALCULATIONS...F26) for example, plus minus 5 percent."
He added, "Personally, for me, the best kind of floatation is flexibility in pricing so that the price is not sacred as it was before when it entered people's minds without change, and thus economic problems accumulate and explode."
The Minister of Finance continued by saying, "There must be some kind of flexibility; it is not the flexibility with which you lose control, but the flexibility that stabilizes the price and setting a range of 2 to 3 percent for both parties." (ARTICLE 8 REQUIREMNENT ACCOMPLISHED...IN A 2ND SET OF BOOKS...F26)
Allawi pointed out that "the central bank's policy is to maintain this price and put the gap between the official price and the market at an acceptable level," noting that "it has also proven that the stability of the exchange rate is important, except in the case of economic indicators that push you towards change."
Floating the currency is fully or partially liberalizing the exchange rate (LET MY EXCHANGE RATE GO!!!...F26) so that the government or the central bank does not interfere in determining it directly, but rather it is automatically released in the currency market through the supply and demand mechanism that allows determining the exchange rate of the national currency against foreign currencies. LINK
Frabk26: "KTFA FAMILY....... KAZEMI WILL SHOW THE WORLD AT THIS BAGHDAD SUMMIT THAT IRAQ IS NOW A LEADER IN THE ARAB STATES!!!".........F26
Don961: Foreign Relations talks about the preparations for the Baghdad Summit: It will strengthen Iraq's position in the region and the world
23rd August, 2021
The Parliamentary Foreign Relations Committee revealed, on Monday, August 23, 2021, the government's latest preparations for a conference of Iraq's neighbors and other Arab and foreign countries, at the end of this month.
Committee member Furat Al-Tamimi said, in an interview with the media, which was followed by "The Obelisk" that most of the invitations reached the leaders of the countries that will participate in the conference, and that the Ministry of Foreign Affairs and the Office of the Prime Minister are in constant contact with the security ministries, other ministries and the parties concerned with receiving the leaders and preparing the venue for the summit, as the Preparations are going as planned, adding that the success of the summit depends on the level of representation that the participating countries will contribute to the conference.
Al-Tamimi added that this conference and previous conferences contributed to strengthening Iraq's position in the region and the countries of the world, stressing that Iraq is an important country for many countries of the world due to its strategic location in the Middle East, which represents a meeting point for the conflicting countries in the region.
Iraq is preparing to host the first conference of regional neighbors at the end of August, with the aim of discussing the political and security challenges facing the countries of the region.
This conference will be the first of its kind at this level after the Arab Summit hosted by Iraq in 2012 and the tripartite summit between Iraq, Egypt and Jordan hosted by Iraq at the end of last June, which was called the New Orient Summit, a term that Al-Kazemi gave. LINK
Samson: Source: Surprise in the level of attendance of the countries participating in the Baghdad Conference
A source in the Prime Minister's Office revealed a "surprise" in the level of attendance of the countries participating in the Baghdad Conference for Cooperation and Partnership.
A source told Middle East News that "the Emirati Crown Prince, Mohammed bin Zayed, will head his country's delegation at this conference, which is the first visit by an Emirati official of this level to Iraq." He added, "The Emir of the State, Tamim bin Hamad Al Thani, will also attend from Qatar, as head of the Qatari delegation, and this is also his first visit to Baghdad." Regarding Turkey, the sources revealed that the head of its delegation will be Foreign Minister Mevlut Cavusoglu.
It also appears that Iran will attend at the level of Foreign Minister Hossein Amir Abdollahian, who took office on Thursday. As for Saudi Arabia, it has not yet decided its level of attendance, but there is no doubt that Saudi Foreign Minister Prince Faisal bin Farhan will participate in the conference, with the possibility of a high level of attendance of the Saudi delegation.
Yesterday, the French presidency announced that Emmanuel Macron will participate in the Baghdad conference because he wants to “show his support for the pivotal role of Iraq, to combat terrorism, to develop the country and to help ease tensions.”
The rest of the permanent members of the Security Council (the United States, Russia, China and Britain) will participate at the level of their ambassadors in Baghdad. but on Wednesday night , spokesman for the Baghdad conference for cooperation and partnership Nizar Algirallh, Wednesday, all security, health and logistics procedures for the completion of the Baghdad summit conference scheduled to take place announced on Saturday. LINK
Samson: Expanding diplomatic relations and calming the region.. Arab hopes in the Baghdad conference
26th August, 2021
Today, Thursday, Arab journalists praised the Baghdad Conference for Cooperation and Partnership, to be held next Saturday, while expressing their hope to expand diplomatic relations and calm the region.
The head of the Qatari newspaper, Al-Sharq, Ahmed Ibrahim, told the Iraqi News Agency (INA): “Baghdad has become important in the region and has good relations with all regional countries,” noting that “Iraq was able to form good links with the countries of Iran, Saudi Arabia and Egypt, and these relations pushed the countries to attend the summit.
He added that "the presence of countries for the summit, in addition to choosing the timing of its convening, gave it a high value, especially since all countries want to calm the region." He added that "opening the door for discussion and dialogue made the summit of great importance," explaining that "everyone is waiting for its results and what it will lead to in the end."
For her part, Director of Egyptian TV, Naila Farouk Helmy, said that "the summit is a very important event that could cast a shadow over many areas, including social and economic ones, in addition to dialogue between the countries present at this conference." And she indicated, "It is important to bring the views closer and deliver media messages that contribute to ending the existing differences," noting that "Iraq is a race in the moves that are taking place at the Arab level, especially since everyone is moving towards calm in the region."
And the spokesman for the Baghdad Conference, Nizar Al-Khairallah, confirmed, yesterday, Wednesday, that Prime Minister Mustafa Al-Kazemi has formed a preparatory committee to complete all procedures related to the Baghdad summit.
The capital, Baghdad, is scheduled to host a conference next Saturday, in which nine countries will participate, including Turkey, Iran, Saudi Arabia, Kuwait, Jordan, Egypt, Qatar, the United Arab Emirates and France, while joint operations announced the completion of the security cordons for securing the conference. LINK
Samson: Al-Khair Allah: Through the Baghdad conference, Iraq is looking for economic and investment partnerships
26th August, 2021
Today, Thursday, the Preparatory Committee for the Baghdad Conference for Cooperation and Partnership revealed the most important issues that the conference will discuss, while deciding the position regarding expectations by discussing regional issues.
The head of the committee, spokesman for the Baghdad Conference for Cooperation and Partnership, Nizar Al-Khairallah, told the official agency and received it (Al-Oula News) during a dialogue table with a number of media institutions, that "the countries participating in the conference have good experiences in the field of economy, investment and industry, and Iraq turned as a result of low oil prices and the approval of The white paper for economic reform towards creating a plurality of sources of income in the Iraqi budget and the trend towards agriculture and industry, and this opens up great opportunities.
He added, "Iraq constitutes the largest investment opportunity in the region, and the participation of the countries of the region in the conference will have a key role in supporting economic partnerships in Iraq, and this is what the conference will discuss based on its title, which is the Baghdad Conference for Cooperation and Partnership, and the conference also comes in support of the political and constitutional process in Iraq."
In response to a question by the official agency, which was seen by (Al-Oula News), whether the conference will discuss contentious issues in the region or make reconciliations among some countries, Al-Khairallah clarified that “the conference is not about discussing the region’s crises or any regional files, and it will avoid contentious issues and the leaders are the ones who will determine the direction of The conference, which will search for participants and partnerships that can serve the interests of the Iraqi people and solve economic problems.”
He pointed out that "the timing of the conference before the legislative elections in Iraq will reflect positively on the situation in the country, and it is not possible to estimate the results that will come out before the conference is held." LI nk
Samson: With the participation of local and international companies.. The launch of the activities of the 14th Sulaymaniyah International Exhibition
26th August, 2021
The General Company for Iraqi Fairs and Commercial Services at the Ministry of Commerce announced, on Thursday, the launch of the opening activities of the Sulaymaniyah International Fair DBX with the participation of (13) local, Arab and foreign countries for the period from 25 to 30 August and on the land of the Sulaymaniyah International Fair, which is organized by the company Iraq progress.
The Director General of the General Company for Iraqi Fairs and Commercial Services, Sarmad Taha Saeed, confirmed in a statement that Mawazine News received a copy of it, that the exhibition, which started its activities on Wednesday, was attended by more than (160) diversified companies specialized in food, detergents, electrical and electronic appliances and light industries. Various specializations from (Iraq, Egypt, Iran, Turkey, Syria, Jordan, China, Germany, France, Italy, Ukraine, Azerbaijan and India). He added that the exhibition witnessed the display of a variety of agricultural, industrial and commercial products, which include types of carpets, various decorations, fabrics, types of detergents, foodstuffs, types of canned goods, incense, perfumes, clothes, furniture, furniture, antiques, handicrafts, copper, ornaments, accessories and some types of kitchen utensils.
He pointed out that the establishment of such exhibitions is a great opportunity for international companies participating in order to display their productions in the markets of the Kurdistan region, which is considered one of the most promising markets, in addition to the openness of Iraqi businessmen and traders to obtain exclusive agencies from these international companies, pointing out that the exhibition is an important step. In order to contribute to increasing and encouraging the volume of trade exchange and experiences and activating relations between Iraqi merchants and their counterparts in various countries of the world.
According to the statement, the opening of the exhibition was attended by the Deputy Minister of Industry and Trade in the Kurdistan Region, the Governor of Sulaymaniyah Haval Abu Bakr, the Director General of the Region’s Electricity Sheikh Walir, the Investment Authority’s assistant, the President of the Chamber of Commerce and Industry in the Sulaymaniyah Governorate, the President of the Iraqi Contractors Union and the Union of Exporters and Importers in the Kurdistan Region, as well as commercial personalities And economic, some businessmen and a large gathering of citizens.
The statement concluded, that the exhibition company in the Sulaymaniyah governorate took upon itself a commitment to the exhibition organizing company to take all precautionary and health measures and to provide the necessary materials and supplies from fogging and sterilization devices to prevent the spread of the Corona virus during the duration of the exhibition and according to the directives of the Crisis Cell and the Ministry of Health and Environment. LINK