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 "The Wind is Starting to Blow" - Wed. PM KTFA Thoughts/News 12/19/18 DinarDailyUpdates?bg=330099&fg=FFFFFF&anim=1

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"The Wind is Starting to Blow" - Wed. PM KTFA Thoughts/News 12/19/18

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Post by Ssmith on Thu Dec 20, 2018 9:30 am

KTFA

Samson » December 19th, 2018

Governor of the Saudi central: put the currency "very reassuring"


19th December, 2018

Saudi central bank governor said on Wednesday the local currency put the riyal "very reassuring", warning that the bank will not be allowed to speculate in it.

"When we say that it is a red line, we mean that we will not allow anyone to fight it," Governor Ahmad al-Khulaifi told a news conference.

He reiterated that the central bank does not intend to change its exchange rate policy. Saudi Arabia keeps the exchange rate pegged at 3.75 to the dollar. LINK

Oil falls to $ 56

2018/12/19 10:37

The price of Brent crude fell more than a dollar on Wednesday, falling for a fourth consecutive session as concern over oversupply worries over reports of rising stockpiles and expectations of record oil production in the United States.

Traders say prices are under pressure over concerns about future oil demand as global economic growth weakens and doubts about the effectiveness of planned OPEC-led production cuts.

By 0737 GMT, global Brent crude futures were $ 56.41 a barrel. LINK

Let's invest in the mind not in the barrel

19th December, 2018 DELTA - VIDEO LINK

Iraqis are repeating and reiterating that their country is rich and affordable. It is full of money because it has oil. Is that enough? Per barrel is only $ 20 or $ 30, while Mobile wins in one phone device about $ 300, producing thousands per day

The era of affluence, which is pumped into the oil wells, where the profits of the barrel are shared by the fees of exploration, investment and security, the countries that produce oil are working for the creative and creative countries, buying oil money,

Let us invest in the mind, not in the barrel and in the idea, not in the oil field and in innovation

The drug-ridden peoples of ready-made wealth are lazy, backward, idle, and whatever wealth they possess, their profits to the innovative nations. LINK

Abadi warns of mafia corruption and foreign intervention .. "reached a level can not be tolerated"

18th December, 2018

President of the coalition victory, Haider Abadi, Tuesday, December 18, 2018, the importance of the Iraqi national decision and rejected dictations and pressures and external interventions.

Dr. Haider al-Abadi stressed the importance of the Iraqi national decision and rejected the dictates, pressures and foreign interventions, stressing that we have balanced relations and good with countries away from interference in the Iraqi affairs

This came during a meeting with a group of media and analysts at the Iraqi Center for Media Development, where Dr. Abbadi pointed to the seriousness of these interventions, which reached a trend can not be tolerated

He explained that there is a second challenge, represented by militarization of society. The citizen does not feel safe in the presence of irregular forces, as well as weapons in the hands of individuals who are not security forces, and this requires clear leadership

Dr. Abadi said that the third challenge is the economic file, which needs to continue economic reform and remove the mafia of corruption and the economy

He pointed out that the stability of security in the country should not retreat, the imbalance in the security aspect is not easily reformed

Dr. Al-Abbadi expressed his hope for the success of the government and we will be supportive of it and at the same time we will make it to assess it for the benefit of the country and citizens

The audience praised the achievements made during the era of the government of Dr. Abadi, which is the victory over gangs calling for terrorism and unite the country and ending sectarianism and success in the file of foreign relations and reform program and security stability and other achievements and the current government to maintain these achievements and not to compromise and make a new achievement of the citizen LINK

Don961 » December 19th, 2018

Renting money in unregulated markets: Iraq is a model


December 18, 2018 7:59 PM Author: alzawraapaper

Appearance of Mohammed Saleh

It is clear that there are two cash markets working in their behavior and directions on different monetary terms and conditions and according to the rule of mutual mutual exclusion. They are interconnected markets but do not match goals and vision. link

imo ... Mr. Saleh ( who is a member of the board of the CBI and also worked alongside Dr. Shabibi )is saying stop selling currency in the auctions with the excuse of it being a means to control inflation and the exchange rate ... and use what other central banks do and sell bonds on the market ..

Hasn't past articles stated that Iraq is the only country that has such an auction any way ?... and it has a detrimental effect not only on cash reserves by creating a cash flow issue .. but also ultimately the value of the currency in the int'l market ...

They "rent" the money to resell at a profit in the unorganized and unregulated markets ... articles have stated how many "banks" popped up that were nothing but a table and chairs to resell currency for profit in the streets ...

Walkingstick » December 19th, 2018

Yep.....

MilitiaMan » December 19th, 2018

The wind is starting to blow now.. ~ imo ~ MM

Don961 » December 19th, 2018

European and Gulf currencies rise against the Iraqi dinar


03:16 - 19/12/2018

BAGHDAD - Mawazine News

European currencies rose against the Iraqi dinar, and the US dollar also rose in front of it.

The euro rose 0.58% against the Iraqi dinar, the pound rose 0.53%, and the dollar rose 0.2% against it, compared to previous levels.

The Japanese yen appreciated against the Iraqi dinar by 0.32 percent.

The performance of the Gulf currencies positively against the Iraqi dinar, soaring the value of the Saudi riyal 0.18%, the UAE dirham and the Bahraini Dinar by 0.2% in front of it.

The value of the Jordanian Dinar and the Qatari Riyal rose by 0.23%, the Kuwaiti Dinar increased by 0.22% and the Omani Rial by 0.19% against the Iraqi currency.

The value of the Egyptian pound also rose 0.15% against the Iraqi dinar link

KBC123 » December 19th, 2018

Militia Man love your explanations but this one has me a little confused...can you elaborate a bit more please. Thank you for all you do

MilitiaMan » December 19th, 2018

The region is reflecting expectations that Iraq will raise the value of the IQD.

Goldman Sachs today told us they expect the emerging markets to appreciate upwards of 10% to the good. Well, imo that may very well be low. However, not a bad trade for the big boyz.

So, when I say the wind is blowing, they are gearing up for the storm. They will fill their sails and ride on Iraq's draft up. They will be in the basket of currencies. Iraq goes up the region goes up..

So the precursor showing strength is showing the region knows what is coming and are getting into the currencies now to ride out the storm.. In other words make more money.. lol. Make sense? ~ MM

GMan » December 19th, 2018

Quite possibly it could be the start of the East to West movement. IMO. I believe Frank has mentioned this in the past IHO

MilitiaMan » December 19th, 2018

I believe the money started to flow just over 2 weeks ago. Now the signs are showing in the regional currencies. Moving currencies 10% in real markets is huge. Lets not forget, Iraq is not in a real market yet.

So, she is a different horse in the race today. Once she get is new saddle (international rate), then that is a different story. So in the mean time, yes the east to the west may very well fit the track.. imo ~ MM

JJonesmx » December 19th, 2018

If I may help; and not to put words in anyone's mouth, but the simple fact that the IQD is being recognized as such Against other world currencies on a daily basis....
Being educated in and out of country as the world awakens/ awaits an article IV consultation when Iraq says we wish to except article VIII... ALL IN MY OPINION ONLY

Samson » December 19th, 2018

Deputy: a proposal to adopt electronic voting within the parliament to end the break of the quorum


19th December, 2018

A representative of the left-wing coalition Hussein al-Husari, on Wednesday 19 December 2018, revealed the existence of a proposal to adopt an electronic vote in parliament to end the process of breaking the quorum in the sessions. He pointed out that the electronic voting obliges each deputy to know his money and what he means to others during voting. .

"There is a proposal for the adoption of electronic voting through electronic devices provided by deputies under the dome of parliament, which allows to know the real attendance and the names of deputies present and prepare voters yes and no," said the leftist in a statement.

He added that "electronic voting shows the picture for everyone, where there is someone who confirms his vote in favor of a person, and in fact does not get that character votes required, while if the adoption of electronic voting, the facts will become clear and will know the voters names."

"The electronic voting machines do not need much money or allocations," he said. "Most of the world's parliaments are working in this manner, which is lacking in the Iraqi parliament." LINK
Ssmith
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