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"Financial Inclusion Week" - Wed. PM KTFA Thoughts/News 4/25/18

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"Financial Inclusion Week" - Wed. PM KTFA Thoughts/News 4/25/18

Post  Ssmith on Thu Apr 26, 2018 8:14 am

KTFA

Giant » April 25th, 2018


Family, please do not overlook this article, ( see article below) for if you have been paying attention to the past few studies you will know that a week is 7 days...(even for Iraq) And if the FINANCIAL INCLUSION WEEK begins today which is Wednesday, then the end of FINANCIAL INCLUSION WEEK should be Tuesday, May 1st. Now I'm not mentioning in dates or anything, but what is funny is...that the UN announces their rates on April 27th and will take affect May 1st. Just saying all in my opinion... Something's up!

StephenMac » April 25th, 2018

Hi Giants,Glad to see you posting! Remember to factor in the possibility that even though the UN rates may change it may not show for Iraq because that is a 72 hour window that Speculators can jump on the bandwagon. Im looking forward to seeing no change for the Iraq Dinar until exactly as it happens, the UN can change the rates on the website anytime to bring current and imo they will do exactly that, after the fact. Just a possibility

Samson » April 25th, 2018

Launching the Financial Inclusion Week in Iraq


25th April, 2018

The Central Bank and the Association of Iraqi Private Banks launched the activities of the Financial Inclusion Week in Iraq with the participation of banks and financial companies operating in the country

The Executive Director of the Association of Iraqi private banks Ali Tariq, "Economy News", "The banks and financial companies launched the week of financial inclusion in Iraq through the organization of educational campaigns to urge people to deal with the banking sector and opening accounts and credit cards and others ."

He added that "financial inclusion aims to deliver all banking services to the segments of society, specifically women and poor groups, which will reflect positively on economic development and achieve financial and social stability through the fight against poverty and unemployment LINK

Greenclan » April 25th, 2018

Articles: “Reuters: After 15 years in power, Iraq's Shiites are divided before crucial elections”

WELL.......>IMO..........ABADI and the Powers that Be.......Can easily capture these swing voters by ...uh.....RI the currency and once and for all give the people purchasing power and keep their promises..........if they wait till after election.......who knows.

Don961 » April 25th, 2018

Alaraji: 650 Foreign Companies Participate In The Forum Of Investment Opportunities In Baghdad


IRAQI ECONOMY

On April 25, 2018 Baghdad - conscious

The National Investment Authority announced the participation of 650 foreign companies in the forum of investment opportunities in Baghdad on Thursday.

"The forum will be an opportunity for investment and reconstruction in Iraq," said Sami al-Araji, head of the committee.

Araji said that "the forum will witness the participation of about 650 companies and businessmen from 17 Arab and foreign countries."

He added that "the work of the forum will include an exhibition for 30 companies, and will see the signing of memorandums of understanding and contracts for projects that have been agreed upon since the Kuwait Conference so far." link

Samson » April 25th, 2018

Consumer Optimism Further Boosts Vietnam’s Economy


24th April, 2018

Vietnam is set to remain the fastest-growing major country in Southeast Asia this year, with consumers boosting spending as a robust economy lifts household incomes. The latest quarterly survey from FT Confidential Research shows Vietnamese consumer sentiment at a three-year high, but continued economic success depends on the government successfully managing its partial withdrawal from the economy and its relationship with a newly assertive China.

“Our survey of 5,000 consumers across Thailand, Indonesia, the Philippines, Malaysia and Vietnam found young Vietnamese among the most optimistic about their country’s economic outlook,” propelling the FTCR Vietnam Economic Sentiment Index to its highest level since the start of 2015,Nikkei reported.

“Optimism among Vietnamese—they have been consistently upbeat on the country’s economic prospects since we began our survey in 2013—stands in contrast to the persistent gloom of Malaysian consumers and the changeable expectations of their Thai neighbors.”

Vietnam’s economy grew 6.8% last year, exceeding the Philippine growth rate by a whisker, and the government is expecting a faster pace this year. The economy is supported by demographics, with Vietnam’s dependency ratio—a measure of the working age population relative to the young and elderly—at a low 42.9%.

This leaves Vietnamese with more income for shopping. Discretionary spending in Vietnam rose fastest in the five ASEAN countries surveyed, according to our first quarter survey, while 49% of respondents said at the end of 2017 that they intended to increase their spending this year, more than any other group in the Asean-5. Foreign brands are responding; in the second half of last year, H&M, Costa Coffee and Dolce & Gabbana all opened their first stores in the country.

Online Shopping Expands

While retail sales in Vietnam rose nearly 11% last year to $129 billion, online shopping sales jumped 25%, a pace that the Vietnamese E-Commerce Association, an industry group, expects to be maintained until 2020. Regional firms such as Lazada may dominate online retail in Vietnam but domestic challengers such as Thegioididong and Sendo have emerged.

Car sales are expected to rebound from last year’s dip, helped by the removal of duties on imports from other ASEAN countries. Sales rose 241% between 2012 and 2017 as motorbikes steadily gave way to cars, making congestion a new headache for Hanoi and Ho Chi Minh City.

Vietnam is treading a path taken by many of its neighbors. A relatively large, young and cheap labor pool is drawing foreign investors and turning Vietnam into a regional manufacturing hub in competition with Malaysia, Thailand and Indonesia.

Samsung is the largest foreign investor, having invested $17 billion since 2009. Last year, around half of all of Samsung’s costlier smartphones passed through the hands of a Vietnamese worker before being shipped worldwide.

Investment in manufacturing for export is slowly emptying the fields: 41.8% of the labor force worked in agriculture in 2017 according to the World Bank, down from 55.1% in 2005 and 71.7% in 1992. LINK

Oil falls after Trump and Macaron's comments on Iran's nuclear deal

2018-04-25 at 09:05 (Baghdad time)

Oil prices tumbled on Wednesday after fears appeared that fears of a possible US retaliatory strike on Iran would ease concern over the future of Iranian crude exports.

US President Donald Trump and French President Emmanuel Macaron pledged to seek stronger measures to contain Iran. At a joint news conference, Trump did not repeat threats to withdraw from the nuclear deal signed in 2015 but made clear his patience was running out.

Renewing the sanctions on Tehran could damage Iran's ability to export its oil.

Brent crude ended the session low by 85 cents, or 1.1 percent, to settle at $ 73.86 a barrel. Earlier in the session, Brent jumped to $ 75.47, the highest level since November 2014.

US benchmark WTI futures fell 94 cents, or 1.37 percent, to close at $ 67.70 a barrel.

The price gap between US crude and Brent widened to $ 6.32 a day on the third day, the largest since January 2, as US production increased. LINK

China: Police confiscate (600) computers used in coin mining

25th April, 2018

Police in the northern city of Tianjin have seized 600 computers used in the mining of virtual currency after the company, which runs the local power grid, reported unusual activity, the official Xinhua news agency reported Wednesday.

"Eight high-power fans have also been confiscated and this is the biggest case of electricity theft in the last few years," Xinhua said, quoting local police. The date of confiscation of these computers was not reported. China was home to most of the world's best-known mining operations before Beijing last year discouraged the process as part of a wider campaign to target and other virtual currencies and the volume of mining activity that moved abroad or closed unclear.

Reuters reported in January that China's central bank told a high-level government group of online financial transactions that the monetary authority could ask local governments to regulate the use of electricity for miners to gradually reduce production.

Coin-makers use high-power devices to generate enormous computational power to produce coded currencies by solving mathematical equations. This activity provides an enormous amount of electricity, which drives operators to search for locations where cheap electricity is available. Five people were under investigation and a sixth person was detained in the Tianjin case, police said. LINK
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