KTFA:

Frank26:  "BECAUSE....... THESE RESERVES ARE NEEDED FOR THE NSCN'S".(New Small currency notes or lower denominations) ........F26

The Central Bank of Iraq begins activating the self-management of foreign reserves 

22nd November, 2021

The Central Bank of Iraq announced, on Monday, that it has started activating the self-management of foreign reserves

And the central bank stated in a statement seen by "Economy News", that it had begun "activating tools for direct communication and negotiation with clients and external correspondents on the Bloomberg and Refinitiv (FXALL, RFQ) platforms

He added that this is a simulation of "the latest global developments in using the best executive tools for managing and investing foreign reserves in order to achieve the best returns in trading and investment operations   LINK

ADDITIONAL INFO:

**FXall is a foreign exchange aggregator providing electronic trading to banks and brokers using an electronic
communication network with headquarters in New York. The company provides electronic trading in the foreign exchange market to institutional clients using straight through processing

**RFQ-hub operates as a software and computing services company. The Company develops multi-dealer trading solution for cash equity and cross assets listed and derivatives

Clare:  Trade announces the imminence of Iraq's accession to the World Organization of WTO

Economie| 07:20 - 22/11/2021Baghdad - Mawazine News

The Ministry of Commerce revealed today, Monday, an upcoming visit of its minister to Geneva to discuss Iraq's accession to the World Trade Organization, while indicating that Iraq needs to pass laws and legislation to support its position internationally.

The official spokesman for the Ministry of Commerce, Muhammad Hanoun, said, "The Ministry of Commerce is mobilizing its efforts towards Iraq's accession to the World Trade Organization, and its minister and at the head of a government delegation will go to Geneva next week to reach an agreement with European trade ministers and European countries regarding accession."

He stressed that "we look forward to finalizing the file of Iraq's accession to the World Trade Organization soon," noting that "the accession process is complex and contains many great conditions."
He pointed out that "Iraq needs to pass laws and legislation on many topics, including the economy, customs, and other required details and controls."

He explained, "The Ministry of Commerce has prepared an integrated file, and we hope to discuss it with the European side with the aim of joining the organization." LINK

Frank26:  "I TOLD YOU SO"................F26

Ross:  Nice ! Would passing laws, etc. include getting rid of program rate ??  

Clare: YEP!.......... IMO!!! ...NEW RATE NEEDED !!!! 

Pattycakes77:  I agree Clare. This is a golden ticket article. Rate needed indeed. !!!

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SOON... A MINISTERIAL DELEGATION WILL VISIT GENEVA TO DISCUSS IRAQ'S ACCESSION TO THE WORLD TRADE 

 Monday, November 22, 2021 8:01 PM   Baghdad/National News Center

Today, Monday, the Ministry of Commerce revealed an upcoming visit of its minister to Geneva to discuss Iraq's accession to the World Trade Organization, while noting that Iraq needs to pass laws and legislation to support its position internationally.

The official spokesman for the Ministry of Commerce, Muhammad Hanoun, told the official agency, followed by the “National News Center”: “The Ministry of Trade is mobilizing its efforts towards Iraq’s accession to the World Trade Organization, and its minister and at the head of a government delegation will go to Geneva next week to reach an agreement with European trade ministers and European countries.” about joining.

He stressed that "we look forward to finalizing the file of Iraq's accession to the World Trade Organization soon," noting that "the accession process is complex and includes many great conditions." 

He pointed out that "Iraq needs to pass laws and legislation on many topics, including the economy, customs, and other required details and controls."

He explained, "The Ministry of Commerce has prepared an integrated file, and we hope to discuss it with the European side with the aim of joining the organization.  LINK

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Samson:  For six reasons .. America advises its citizens to avoid traveling to Iraq

11/23/2021 08:10:45

 The United States, on Monday, advised its citizens to avoid traveling to four countries, including Iraq, due to the outbreak of the new Corona virus.

The US State Department confirmed, through its travel updates website for US citizens and residents, that it had upgraded the travel classification of four countries to Category 4, "Do not travel."  The countries that have undergone updates on Monday include Iraq, Germany, Denmark and Burundi. 

The State Department stated that the upgrade in Iraq "is due to several reasons: terrorism, kidnapping, armed conflict, civil unrest, COVID-19, and the limited ability of the Iraq Mission to provide support to American citizens."

The ministry confirmed that "the Centers for Disease Control and Prevention (CDC) has issued a Level 4 travel health notice to Iraq due to COVID-19, which indicates a very high level of disease in the country."

"American citizens in Iraq are at risk of violence and kidnapping. Terrorist and insurgent groups regularly attack both Iraqi security forces and civilians. Sectarian anti-US militias threaten American citizens and Western companies throughout Iraq," she added, adding that "IED attacks are occurring in many regions of the country, including Baghdad."

The Foreign Ministry stressed that "demonstrations, protests and strikes occur frequently, and these events can develop rapidly without prior notice, often leading to the interruption of traffic, transportation and other services. Such events have the potential to turn violent."

As for the classification of the Republic of Burundi (located in East Africa) in the fourth category, it refers to the "level of crime, health and political violence". 

As for Germany and Denmark, the Ministry of Foreign Affairs stated that Covid-19 is the main reason for raising the classification, and called on its nationals to "be careful" in the two countries "because of terrorism."   LINK

Samson:  Al-Fath: Naming The Prime Minister Takes More Than Three Months

22nd November, 2021

Al-Fateh Alliance stated, on Monday, that "the naming of the next prime minister may take more than three months, at least."

A member of the coalition, Mukhtar al-Moussawi, said in a statement to the "Information" agency, that "the presentation of the names by the Sadrist movement and the forces of the coordination framework will complicate the scene during the next stage, and it may not result in naming the prime minister until after a long period of conflicts."

He added, "The coming days will be among the most difficult periods that Iraq and the political process are going through in particular, and it needs wisdom in the decision and the selection of an appropriate personality."

 He pointed out that "any figure who heads the next government will not be able to impose itself on the blocs and parties and work in isolation from the goals of the party that nominated it, and therefore will not move away from consensual much."

Sources close to the Sadrist bloc stated its intention to present 3 names it has not disclosed yet, as candidates to head the next government.   LINK

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Samson:  Oil Expert: Despite The American Decision, Oil Prices Will Jump To $90 Until The End Of 2022

23rd November, 2021

Oil expert Hamza Al-Jawahiri confirmed, on Tuesday, that the American step to market 5 million barrels of oil in the markets to reduce prices is a small amount compared to the supply in the markets and the quantities of demand.

Al-Jawahiri said, in a statement to the Information Agency, that "the American announcement step is part of an old plan that it was keeping to prevent prices from rising above $90, and the situation may continue to keep prices until 2022."

He added that "OPEC's plan to maintain balance in the oil market while seeking to raise prices was successful and significantly and has achieved many gains during the last period, but countries that possess large oil reserves, such as the United States, will stand in the way of raising prices to the level of 100 dollars or even reaching 90 dollars.“

He pointed out that "the matter for Iraq will be with OPEC and will not deviate from the procedures adopted by OPEC during the next stage as long as its plan achieved the goal of raising prices despite the entry of industrial countries on the line and trying to reduce prices."

It is noteworthy that US President Joe Biden announced this morning the release of 5 million barrels of oil from strategic storage to the market in order to influence oil prices and bring them back to the level you want.  LINK