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Frank26: KTFA KONA ....... WELCOME TO THE " NEW PHASE " .............(wink)
Samson: The next stage will witness great economic openness on the regional and global environment
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
Dictionary result for ratification
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