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Central Bank Announces Strategic Banking Projects

.Central Bank Announces Strategic Banking Projects for the next five years

​By Samir al-Nusairi

In the monthly meeting of the government and private banking leaders, Mr. Ali Al-Alak, Governor of the Central Bank of Iraq, confirmed the continuation of the Bank’s approach to stimulate the economy and build the capacity and development of the banking sector in order to move to the development role and contribute to financing investment and reconstruction projects.

The exchange rate as the main achievement of monetary policy applications and one of its important objectives, which has positive repercussions on the revitalization of the economy and stabilize the monetary and financial system.

Ed oil as a key resource for revenue and continuing imports of all goods and not to encourage and support local production will inevitably lead to the continuation of the bank offer to sell dollars, according to its law because the reason is not supply but demand for the dollar for the reasons above.

At the meeting, the Central Bank announced the launch of its strategy for the next five years to implement 21 projects to develop and develop banking business after it was able to achieve most of the main and sub-objectives of its first strategy for the years ( 2016-2020 ), which has become possible to start the process to achieve the full objectives of monetary policy and move to The ranks of international banks sober certified by specialized international financial organizations.

One of the strategic banking projects, whose objectives and future impact have been defined according to a timetable for each project, the implementation periods and reaching the target during the years ( 2019-2023) are development projects related to financial inclusion such as the settlement of salaries and projects to restore confidence in the banking sector such as the deposit guarantee company and structural development projects.

And administrative and legal as a draft government guide and projects for training and rehabilitation and capacity-building and classification of banks and projects to move banks from the role of banking to contribute to development as a project of Islamic finance pool.

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How Political Chaos Threatens the World Economy

.One Crazy Day Showed How Political Chaos Threatens the World Economy

An escalating trade war and unpredictable policy shifts. Also, tweets.

By Neil Irwin  Aug 24 2019

 The series of economic and financial developments on Friday was a strange, bewildering, exhausting microcosm of why the global economy is at risk of a meltdown.

It showed the odd interplay at work between the Chinese government’s actions in the escalating trade war with the United States, the sober-minded global central bankers who have limited power to deploy and an American president whose public pronouncements often appear driven by grievance more than strategy.

President Trump arrived in France on Saturday for a meeting of the Group of 7 industrialized nations, having set the stage for fireworks and confusion.

In one dizzying day, he had seemed to be searching for whom or what to blame for economic troubles, first using Twitter to call his own Federal Reserve chief an enemy of the United States and then to urge American companies to stop doing business with China.

And that was just while the markets were open. Later Friday, he said he would apply tariffs to all Chinese imports and increase those already in place.

The global economy may yet turn out fine; most economic data in the United States has been solid. But if a recession and breakdown in international commerce happens in the coming year, histories of the episode may well spend a chapter on the Friday collision of official actions in the government offices of Beijing, in the Grand Tetons in Wyoming and in the Oval Office.

It became clear in real time how the risks of an escalating trade war and the fraying of longstanding financial and political ties could quickly outpace the ability of central banks — the normal first responders to economic distress — to do anything about it.

Jerome Powell, the Federal Reserve chairman, left, and Mark Carney, governor of the Bank of England, in Jackson, Wyo., on Friday.CreditAmber Baesler/Associated Press

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BOE's Mark Carney Urges Replacing Dollar With Libra

In Unprecedented, Shocking Proposal:

.BOE's Mark Carney Urges Replacing Dollar With Libra-Like Reserve Currency

 By  Tyler Durden  Sat, 08/24/2019 - 10:11

 After Jerome Powell's neutral-to-slightly-dovish-but-mostly-boring speech on Friday morning, investors could be forgiven for suspecting that this year's Fed-sponsored gathering in Jackson Hole might be disappointingly dull (especially with all that's going on in Trump's twitter feed, the escalating trade war and escalating geopolitical unrest).

 Then along came former Goldman banker and current (outgoing) BOE governor, Mark Carney, who in his lunchtime address laid out a shocking, radical proposal - perhaps the most stunning thing to ever be unveiled at Jackson Hole - urging to replace the US Dollar with a "Libra-like" reserve currency in a dramatic revamp of the global monetary, financial and economic order.

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US Dollar/Iraqi Dinar/Iranian Rial – Exchange Rate – Stability – Credit Rating

.US Dollar/Iraqi Dinar/Iranian Rial – Exchange Rate – Stability – Credit Rating

 Standard & Poor's Confirms Its Credit Rating Of Iraq At B- / B With A Stable Outlook

24th August, 2019

The agency predicted that Iraq will record a budget deficit in 2019 and the coming years, due to the decline in oil prices and the needs of large spending.

Standard & Poor's also forecast that growth in Iraq will recover in 2019, supported by expected increases in oil production and a gradual recovery of non-oil economic activity.

The agency said it could cut its ratings for Iraq if the government increased spending beyond its expectations.

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KTFA Members "News and Views" Thursday Afternoon 8-15-19


Rommy:  TOTAL: 33 innings, 8 hours 25 minutes. The longest game in major league baseball history was a 25-inning affair on May 8, 1984 when the Chicago White Sox beat the Milwaukee Brewers, 7-6. The game lasted 8 hours and 6 minutes.

Mostly everyone watching this game knew that there was going to be an end and it would be well worth their time. In the end there was a --- WINNER!!!

Oh there were some who complained by asking "when is this going to end?"

But the smart people took much joy in what they were witnessing, and realized they got triple their money's worth as they enjoyed every play of the game with extra concessions, knowing they would never have this chance again.  

Boxman:  What does this have to do with dinar analogy...  

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NewsDinar Recaps

News, Rumors and Opinions Thursday Morning 8-15-19

Operation Disclosure


(Disclaimer: The following is an overview of the current situation of the world based on intelligence received from several sources which may or may not be accurate or truthful.)

According to sources, the global economic transition is expected to begin this month.

Several events will occur during the global economic transition.

The bond market is in the process of collapsing and new asset-backed bonds are expected to be issued.

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