Delta and KTFA Members "2 Zeros Dropped" and more Thursday PM 10-31-19
KTFA:
Walkingstick: Good afternoon, all....Quick note... In having, a long conversation with Frank, earlier... He has, pertinent info to disseminate/ share.. I would, pay close attention.. to what, he shares....tomorrow, via (TC) team chat...Regards...
Frank26: KTFA KONA .................. IT IS NOW UP TO ME TO SHARE TODAY OR SATURDAY NIGHT ON PREMIUM TEAM CHAT.
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Samson: World Bank: Iraq's economy is slowly recovering
30th October, 2019
The World Bank announced that the Iraqi economy is slowly recovering in 2019
"In the first half of 2019, GDP grew by 4.8% compared to the previous year, which led to a reversal in the contraction of the economy over the past two years," the World Bank said in a report on Iraq seen by the Economy News
He added that this growth comes as a result of the increase in crude oil production (up to 6.3% so far) and the recovery in non-oil economic activity, an increase of 5.6% in the first half of 2019 compared to last year
He stressed that "the recent recovery is due to improved levels of rainfall and the production of record agricultural crops and improved electricity production and expansionary fiscal policy linked to increased wage bill and public consumption
"Such positive developments are expected to raise real GDP growth to an estimated 4.6% by the end of the year," he said
He pointed out that "the Iraqi economy outperformed its counterparts in the region this year, but the dynamics of the population requires much higher growth to maintain the current level of prosperity LINK
Samson: Parliamentary Finance: Abdul Mahdi's dismissal will not affect the passage of the 2020 budget
30th October, 2019
The parliamentary finance committee confirmed on Wednesday that the dismissal or resignation of Prime Minister Adel Abdul Mahdi will not affect the passage of the draft federal budget law for 2020.
Committee member Haneen Qaddo said in a statement to the information, that "the resignation or resignation of Abdul Mahdi will not affect the passage of the federal budget law for 2020″, pointing out that "the passage of the budget is only affected in the dissolution of the House of Representatives and the transfer of the government to conduct daily business."
He added that "the Council of Ministers has not sent a draft federal budget law for 2020 to the House of Representatives so far," noting that "the delay sent the law occurred because of government reforms and grants launched to the demonstrators that those decisions need to be included in the budget to provide financial cover."
Likely MP from the stream of wisdom Salem Tufayli, on Wednesday, Prime Minister Adel Abdul Mahdi resignation from the government through a session of the House of Representatives scheduled for tomorrow. The Alliance has said, said on Wednesday, that the political blocs have not discussed so far put any personal to take over the post of prime minister instead of the current Prime Minister Adel Abdul Mahdi. LINK
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Gilla: Iraq's prime minister agrees to resign, president says, after weeks of protests
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Samson: US Oil Inventories Rise Above Expectations
31st October, 2019
US oil inventories rose more than expected last week, according to data released by the Energy Information Administration, to continue oil to fall further than previously.
US oil inventories rose 5.7 million barrels in the week ending October 25, according to the Energy Data Administration, while the market awaited a rise of 494,000 barrels.
Gasoline inventories fell 3 million barrels, compared to expectations of a decline of 2.19 million barrels, while derivatives recorded a decline of 1 million barrels, compared with expectations of a decline of 2.35 million barrels. WTI futures were down 0.9%, and Brent fell 1%. LINK
Mike57: investing.com has been corrected...
We added a comment to avoid misunderstanding in the future:
As a cross reference you can also please use https://www.exchangerates247.com/currency-converter/?from=USD&to=IQD
and https://cbi.iq/
DELTA: IT WAS NOT THERE LAST NIGHT...…. FOR ME WAS NOT THE RATE ONLY BUT FOR THEM TO ADD IQD . TODAY THEY COME OUT WITH THIS MSG WICH IS IMO VERY HUGE BECAUSE NOW THEY ARE CONIFIMING TO US THAT IQD/USD IS REAL TIME...
ALSO IF THAT IS THE CASE THEN WHY NOT 0.000842.
WAIT A MINUTE THEY ARE SAYING MULTIPLIED BY SO IF YOU TAKE 0.00842 X 10= 0.0842 WOW VERY HUGE IT'S BETTER NOW
TSM: so a BIG tadoo... over nothing
DELTA: FAMILY LET'S DO THE MATH AGAIN 0.0084 X10 =?
CoCo: 0.084….imo
DELTA: 2 zeros dropped ……..(big smile)
Mark: PRETTY SIMPLE MATH DELTA .084...…...WOW ! 2 DOWN 1 TO GO !!!
Mr.Harfax: I believe the recently added comment is stating the price shown is multiplied by 10 in which case would we not need to divide by 10 to get back to the actual price?
DELTA: BINGO DIVIDE IS .00084 ...MULTIPLIED 0.084
DELTA: I'M HAVING ZERO SYNDROME ..LOL
Rommy: There is a cure for DZS! (delta zero syndrome)
Stevep99: IMO...the point Delta is trying to show/make is the fact that in just the past couple weeks/days these sites that deal in FX i.e. the IQD wasn't happening till now.
IMO...whether you multiply by 10 or divide, the point is these sites know something is up with the IQD! To me, the most interesting thing here is the fact of changing the Dinar from an exotic currency to a minor currency is a major change!
Seriously though none of this would be occurring if the Dinar wasn't moving from being a PR (exotic currency) to a soon to be internationally recognized currency!
THANK YOU Delta for your hard and studious work for Frank and all here at KTFA!