National Investment Authority for «Economy News»: French Minister of Foreign Trade will visit Baghdad next Wednesday
The head of the National Investment Authority, Sami Araji, that the Minister of State for Foreign Trade of France will visit Baghdad next Wednesday.
Araji said in an exclusive interview for “Economy News” that “the Minister of State for Foreign Trade of France will lead a delegation of 21 companies and will visit Baghdad next Wednesday.”
He added that “the delegation will discuss investment opportunities in the sectors of energy, transport, industry and agriculture,” adding that “the visit of the French delegation in response to the invitation of Prime Minister Haider Abadi, addressed to them during his recent visit to Paris.”
Read more: http://www.dinarupdates.com/showthread.php?55611-National-Investment-Authority-for-%ABEconomy-News%BB-French-Minister-of-Foreign-Trade-wi
______________________________________________________________
G-Lin (Dinar Guru) – A well-informed political source reveals the “identity” of the two companies that the Abadi government contracted with to help fill corruption files... Article quote: “A source familiar with the political, on Sunday, that two companies are conducting the verification of files of corruption in Iraq since 2003. The source said in a press statement that ‘two companies, one American and one British are conducting the audit files corruption in Iraq since 2003 so far, and its task to detect corruption and identify the identities of those involved.” The investigation into the corruption cases is due to start on the basis of a memorandum of understanding signed by the Iraqi government with the United Nations. International investigators will assist the Iraqi government in uncovering the fate of Iraq’s $ 361 billion budget deficit between 2004 and 2014.
Read more: http://www.dinarupdates.com/observer/
______________________________________________________________
Kaperoni (Dinar Guru) – Article: “Expert for {morning}: 2018 will see a renaissance by making {in Iraq}” Quote: “the government has worked during the last term on the advancement of the industry through a partnership with the private sector, but the move has seen a delay because of the war on terror, but we hope to be activated during the next year” [2018 it is.] I dont like to get overly excited. This could take another 3-6 months before they get into Article VIII and begin to float. Nothing moves fast in Iraq. But we can hope.
Read more: http://www.dinarupdates.com/observer/
______________________________________________________________
Sovereign funds are actively contributing to sustainable development
The rights of future generations are reserved.
The search for identifying the paths that go to the Iraqi economy to the fields represent the keys to development and supports the trends aimed at achieving economic advancement continued by economic experts and interested.
The academic d. Star of Jabbar Khalil al-Bayati said: “Iraq needs to develop two types of sovereign wealth funds play a major developmental role, the first fund of stability, which derives its importance and the need to create it from the deficit suffered by the budget of Iraq since 2003, because of dependence on oil as the most important resource or source.
The main objective of the Fund is to bridge the deficit of the State budget, protect it from shocks, protect the economy as a whole, and stabilize the exchange rate of the national currency against fluctuations in the balance of payments arising from commodity price fluctuations, Of economic shocks and then seek to achieve sustainable development ” in order to achieve For justice Adding that “the other fund is the fund of the future, and this fund is very important and is fully consistent with the concept of sustainable human development, which takes into account the right of future generations with the resources of the dead,” pointing out that “it is unreasonable that the country is heading to borrow from abroad and to future generations to bear part of the burden of these loans and their increasing benefits, and to prove the right of future generations.
Read more: http://www.dinarupdates.com/showthread.php?55592-Sovereign-funds-are-actively-contributing-to-sustainable-development
______________________________________________________________
Follow us on twitter @DinarUpdates !!
Dinar Updates – Q & A Call – with BGG from Nov 8th – 8:00 pm Conference Call Phone # 641-715-3639 pin #528733
11/08 – Recorded Call Replay Link
______________________________________________________________
Bridging the temporary budget deficit by more than one trillion dinars
Under the domestic borrowing plan prepared by the Ministry of Finance for the year 2017
The sale of treasury remittances issued by the Ministry of Finance achieved the desired results by withdrawing liquidity that exceeded JD1 trillion from outside the banking sector to be re-employed in such a way as to reduce the temporary deficit gap in the budget through this process, which is considered an internal borrowing.
According to the results of these auctions announced by the Central Bank has estimated the statistics of the “morning” the total amount of publications sold through 10 auctions were established during the year under the supervision of the Central.
Read more: http://www.dinarupdates.com/showthread.php?55594-Bridging-the-temporary-budget-deficit-by-more-than-one-trillion-dinars
______________________________________________________________
______________________________________________________________
G-Lin (Dinar Guru) – Abadi has a ridiculously tough job and I don’t think he can do it alone. Amal Clooney has appeared before the U.N. several times begging Abadi to sign a simple doc. that would open Iraq up to the I.C.C. and to my knowledge he has not cooperated yet. Parl. probably has him handcuffed. So frustrating. The I.C.C. has all of the docs. on Maliki and many more and interpol could issue arrest warrants immediately. Maliki and Barzani are too powerful and charges must be brought up in the international courts. Curtailing Iran’s influence is no easy task. I did read yesterday where Russia is giving some resistance to Iran and the Gulf summit will be held in Kuwait next week. Results of that summit may be fruitful
Read more: http://www.dinarupdates.com/observer/
______________________________________________________________
Kaperoni (Dinar Guru) – We all should know by now currency reform is a process. Currency reform like we want to see requires stability, implementation of technology, and planning. From what I am reading, progress has been made in recent weeks with the new CBI law, anti money laundering, electronic banking. But this takes time to implement and activate. Not to mention the CBI still has work to do to be in compliance with the IMF. The good news is the CBI is pushing forward on reforms, have banking events scheduled next month, next year. With all this known, hopefully we will see changes in the next few months to perpetuate the banking system and encourage investment
Read more: http://www.dinarupdates.com/observer/
______________________________________________________________
Saudi Arabia announces a project in Iraq with millions of dollars and job opportunities
Aujan Coca-Cola Refreshments Company is preparing to launch a bottling plant in Iraq, expected to be next year, at a total cost of $ 66.6 million.
The plant, which includes juice and soft drinks production lines, is expected to provide more than 150 jobs. The plant will also play an important role in supporting Aujan Coca-Cola’s ongoing expansion plans in Iraq, enabling the company to meet growing domestic demand and serve neighboring markets.
The announcement of the new investment followed the participation of the company’s officials at the recent Baghdad International Exhibition, where the company participated in the exhibition in the group of companies co-led by the Saudi Export Development Authority. Is a perfect opportunity for Coca-Cola to confirm its commitment to expanding its operations across the region. ”
Read more: http://www.dinarupdates.com/showthread.php?55588-Saudi-Arabia-announces-a-project-in-Iraq-with-millions-of-dollars-and-job-opportuniti
______________________________________________________________
Kaperoni (Dinar Guru) – So what is the Balassa-Samuelson effect hypothesis? We will get into this…as this little nugget is very important to us as dinar investors. We already know the plan is to float dinar based on the IMF statement…(gradual appreciation) [reference Guru Kaperoni post 11-30-2017]. When you search Wikipedia, you get an explanation for this as…”Balassa–Samuelson (BS) hypothesis implies that countries with rapidly expanding economies should tend to have more rapidly appreciating exchange rates.” In other words, the IMF themselves are acknowledging (by saying Balassa–Samuelson effect in this Article IV document) the dinar will rise rapidly.
Read more: http://www.dinarupdates.com/observer/
______________________________________________________________
Sandyf (Dinar Guru) – Guru Kaperoni quote: “Once they float, it may take 6 months to a year to get to $1” With appreciation at 5% a week it would take about 140 weeks to reach parity. No economy could tolerate that level of appreciation it would be more like 0.5% a month. In reality a float would be more like 6 years to a lifetime.
Read more: http://www.dinarupdates.com/observer
______________________________________________________________
G-Lin (Dinar Guru) – Article: “Tigris channel reveal details of the World Bank negotiations with Iraq on the corruption of the currency auction” IMO the World Bank and IMF are very much involved with the preparation of this [2018] budget. It seems they are telling the Central Bank and the Gov. to stop the auctions. This contributes to the majority of the corruption in Iraq. It always has been an avenue for the whales {Maliki and Co.} among others, to control the black market through imports. I think the corruption is a target for W.B. and IMF. They are pushing Abadi to open up “Made in Iraq” legislature to move to an open market which will increase exports and contribute additional income for non-oil profits. This is mandatory for an increase in value of their currency imo. [post 1 of 3….stay tuned]
Read more: http://www.dinarupdates.com/observer/
______________________________________________________________
The Iraqi parliament is seeking to pass a law “from where you have this” to be applied to officials from general managers and above
The legal committee in the Iraqi parliament has revealed efforts to pass a law (from where do you have this?) To apply to officials from general managers and above, while pointing out that the proposed law will also include officials in the Kurdistan region.
“After Prime Minister Haider al-Abadi announced the war on corruption, we need a law to prosecute corrupt people and verify their sources of wealth,” committee member Zana Said said in a health statement on Wednesday.
“The proposal includes the prosecution of all directors-general and higher in all provinces, as well as in the region because officials there acted with imported federal revenues Of oil and customs and the federal budget, which was the disposal of the region, “noting that” there is likely to be enrichment without cause and misappropriation. ”
A member of the parliamentary legal committee that “the duties of the federal government to be keen on public money and to track those officials who have influenced for no reason and had an illegal gain,” adding that “time enough to approve this proposal, especially with a real will to eliminate corruption and will Also popular
Read more: http://www.dinarupdates.com/showthread.php?55572-The-Iraqi-parliament-is-seeking-to-pass-a-law-quot-from-where-you-have-this-quot-to-be-applie
______________________________________________________________
Breitling (Dinar Guru) – There’s never been an “In country revaluation”. That’s the most retarded thing I’ve ever heard in my life. You can’t have a currency where it’s one price in one country and another price in another country. And all the rest of the world is a different price. How does that work? If that’s true then I’ll just take my dinar and go to Iraq and exchange my currency. If i’m going to exchange for millions and millions of dollars that’s not going to be a threat to me is it? So that’s stupid and doesn’t make any sense.
Read more: http://www.dinarupdates.com/observer/
______________________________________________________________
MilitiaMan (Dinar Guru) – Article: “Rafidain calls on ministries and departments of the state to settle their salaries electronically” The article is reinforcing internationalism. Just like opening the ITB in the UAE and apparently one in Saudi Arabia. Not to mention the laundry list of completed items set out in the Iraq Marshal Plan. No need to go over all that now… But, please note that the UNSC released the oil for food escrow back in June 2017, the last time the executive order 13303 was updated was in May 22, 2017 that to the best of my knowledge was not signed yet or again since and it needs to be within a 90 day period, and then we see the IMF has stated Mission Accomplished in Iraq…This all leads us to where we are and that is watching for the cbi to change their website to reflect their accomplishments either before at or just after the recognition of what has been done, is told to the world in a past tense manner… imo.
Read more: http://www.dinarupdates.com/observer/
______________________________________________________________
Special efforts to develop production and attract investment companies
The adviser to the Ministry of Industry and Minerals described the industrial sector as the true supporter of the national economy and the creation of employment opportunities and the absorption of unemployment, expressing regret for the spending of about 321 billion dollars for the period between 2006 and 2014, which was diverted abroad in the import programs not considered, noting at the same time that support the national industry to stop this waste .
He added. “The support of the national product is the effective solution to many of the problems faced by the country from the shortage of foreign currency due to the decline in oil prices over the past three years, as well as support for the economy of the country, let alone solve the social problems resulting from The lack of job opportunities among the graduates is the largest sector in terms of its ability to absorb unemployment and labor force, as is known Globally “.
Read more: http://www.dinarupdates.com/showthread.php?55542-Special-efforts-to-develop-production-and-attract-investment-companies
______________________________________________________________
______________________________________________________________
Aggiedad77 (Dinar Guru) – Article: “Central banks contribute to economic balance” Quotes: “government with the involvement of the central bank in determining the exchange rate policy will lead to the occurrence of the difference or contradiction between the purposes of the exchange rate, and between the other monetary purposes , which both the bank and the government seeks to achieve.” “an attempt to link the independence of the central bank and exchange rate policy found a place in economic studies, especially in light of the free exchange arrangements or floating...” WOW...the “attempt to link” is alluring…but what really caught my eye is the last part of that statement…”in light of the free exchange arrangements or floating”…that to me speaks VOLUMES…all IMO…oh is it Saturday yet…the BEST is coming.
Read more: http://www.dinarupdates.com/observer/
______________________________________________________________
Kaperoni (Dinar Guru) – There are several articles going back a year or two that clearly state that the WTO wants to see dependence on oil drop to about 80% or so before it is viable for accession. So in other words, Iraq needs to get the private sector started and creating some exports before they will get into the WTO. That being said, we know the requirements so it motivates the CBI to get currency reform done.
Read more: http://www.dinarupdates.com/observer/
______________________________________________________________
Click this link to join the DU “private” FaceBook Group…
https://www.facebook.com/groups/571383766355188/
(go here and ask to join… then add some Dinar Friends!!)
______________________________________________________________
Post RV Checklist (it’s getting to be that time!! Listen up!!)
Dos and Don’ts of Windfall Wealth:
Treat it like a PowerBall win
– Tell no one, not even family. If you must talk, do so with one who is already in the know.
– Don’t run out & buy new “stuff”. People notice.
– Get an unpublished number and give it out very sparingly.
– Get a tax accountant you can trust to make sure the IRS is satisfied (Certified Opinion is something to look into) and pursue asset protection…
Read Complete List: http://www.dinarupdates.com/showthread.php?18519-The-Post-RV-Checklist-and-Flashback-documents&p=128477#post128477
______________________________________________________________