Frank26 and KTFA Members "Visual Aids" and more Tuesday Night 9-17-19
KTFA:
Clare: FRANK & ANGEL-1 IN CHAT TODAY! FRANK HAS ALLOWED IT TO BE POSTED ON THE FORUM....
F26: KONA ...... I TOLD YOU SO !!!!!!
GO LOOK ON THREAD…POST #187 ( see below) …SEE U TONIGHT…..SMILE…FRANK26
A1: I JUST FINISHED CHATTING WITH FRANK. I LOVE LOVE WHAT HAS TRANSPIRED IN THE LAST 24.
DARE I USE THE WORD EXPEDITE?..... CALCULATED…..AG-1
TONIGHT IS IMPORTANT. THE REPORT FRANK HAS IS KEY. YOU WILL SOON UNDERSTAND WHY THEY USE STRONG WORDS LIKE AGREED, EXPEDITE, IMPLEMENTATION, SUPPORT REFORMS, TECHNICAL ASSISTANCE. IF THAT DONT MAKE YOU SMILE YOUR BLANKET IS WET.…..AG-1...
F26: WELL DONE AG1….KONA…. DONE…… CU ON UR UBETUBE…. SSSSSSDMMMMMMIIIIIILLLLLLLEEEEE……
The realization of reality is real…
The Toledo city consul is awarding my father with a presentation today I am with him right now and I will eventually do the YouTube…..FRANK26
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Post 187: Clare: FROM FRANK....... "I TOLD YOU SO"
MilitiaMan: The blast heard around the World today, IRAQ-a-Toa! lol ~ MM
Iobey777: THIS IS HUGE NEWS!!!IMO!! CAN WE REPEAT..**EXPEDITE**?!!!!!! BOOOM!!!!
Frank26: VISUAL AIDS
Sept. 17, 2019
Tonight we are talking about “International”
Don961: Al-Sabah: The Central Bank reserves exceed international standards
Monday, September 16, 2019
iro / Israa Khalifa
The Governor of the Central Bank of Iraq on the relationship that the amount of the budget deficit for the year 2020 is not proven so far as indicated by the Ministry of Finance, and what is being circulated is just hypothetical figures and not yet settled, indicating that the upper limit of the deficit must be consistent with the Financial Management Law The central bank's reserves of foreign currency are comfortable and well above international standards.
Al-Allaq said in special statements to Al-Sabah on the sidelines of his participation in the 43rd session of the Board of Governors of Central Banks and Arab Monetary Institutions held on Sunday in Cairo: “Our foreign currency reserves are comfortable and good and within international standards; The law is not to cover the deficit but is a cover for the local currency, and the strength of the exchange rate and the strength of the Iraqi dinar depends on this cover, so the process of linking the reserve and deficit coverage is not correct, and the Central Bank law does not allow the reserve to be used to lend directly or non-government Direct but it is to maintain the value of the dinar against the dollar.
exchange rate
And the relationship, that "the stability of the exchange rate is a central objective of the Central Bank and seeks to achieve by all means, and depends mainly on the economic performance of Iraq, the stronger the economy was to maintain the exchange rate stronger, and our economy is subject to fluctuations in oil prices, which is a resource The basis for the country, which is also the basis for the foreign currency, so careful management of reserves in order to achieve stability is important, where there can be a balance between the supply and demand of foreign currency, and when supply disrupts affect the exchange rate, and the reserve we have so far is able to The application covers And therefore keeps the price under control. ”
Sagging jobs
Regarding slackness in government jobs, Al-Allaq said: “The government apparatus has reached more than saturation, and it does not add economic value; rather, in its expenses it represents a great challenge to the public budget and reduces the resources that can go to employ others and achieve more job opportunities through real projects. The basic solution to the issue of unemployment is the employment of the real sectors, namely, industrial, agricultural, tourism, etc., which is the basis in moving economic rings, so there must be a focus on moving these economic sectors by changing the economic model that exists in Iraq today, the model now is that It comes from oil, and it pumps the bulk of it in the form of salaries. These salaries turn into demand for imported goods and commodities.
The Governor of the Central Bank, that "can not be laid off people, but the money taken as salaries can be invested inside Iraq through the expansion of the real sector and this will occupy other people, and that depends on coordination in trade, investment, tax and customs policies to harmonize with each other to move the situation internally".
Economic challenges
As for the Cairo meeting, Al-Allaq said: “These meetings are regular and periodic, and since Iraq is a member of the Arab Monetary Fund, it is attending these meetings, where the meetings of the Council are a review of all developments that take place in the financial, monetary and economic matters in the Arab world, especially in the circumstances facing Major challenges in the economic aspects Increasing challenges and risks related to these aspects, which we provide insights and perceptions and how our countries can face these challenges, and analyze their effects and impact on our economies.
He added, “We will also discuss at the meeting the functions of central banks in terms of technologies and their effects, which are fast and successive, especially with regard to the subject of currency and its use, which has evolved towards digital and virtual, and in this context also talk about the objectives that are evolving functions of central banks quickly to achieve financial stability in Under the circumstances, and to achieve prudential control for central banks towards banking institutions and financial institutions, "he said:" Another goal that we have given priority in this meeting; we organized a special workshop on the expansion of financial inclusion, i.e. L Banking services to as many different citizens and segments as possible and achieve a lot of services quickly. ”
Relationship with Egypt
On the relationship between the Central Bank of Iraq and his Egyptian counterpart, Al-Allaq stressed that it is “very good and continuous, and we have many areas of cooperation, and we consider the Central Bank of Egypt very close ally, we have communication and consultation and the degree of high relationship and we need them in building our capabilities and in training and consultation.”
Regarding the reopening of Rafidain Bank in Egypt, Al-Allaq said: “It is an important issue and we have been following it for a long time. The Central Bank of Egypt knows the importance of Rafidain Bank.
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Samson: Trump: We have reached a preliminary agreement with Japan on trade
17th September, 2019
US President Donald Trump said that the United States reached preliminary agreements with Japan on tariffs and trade barriers to digital, which will not require congressional approval
Trump, in a White House letter to Congress on Monday, said he planned to conclude agreements in the coming weeks, telling lawmakers that the tariff agreement would be implemented in accordance with the provisions of a trade law that allows the president to make reciprocal tariff cuts under a declaration
The letter noted that Trump plans to conclude an executive agreement related to digital trade with Japan
The White House speech also confirmed that the United States will continue to conduct further trade negotiations with Japan
Trump said: "My administration looks forward to continued cooperation with Congress for further negotiations with Japan to achieve a comprehensive trade agreement that will result in more mutual and fair trade conditions between Tokyo and Washington
On the sidelines of the Group of 20 (G20) summit last month, President Trump and Shinzo Abe said they hoped to sign the deal this month at the UN General Assembly LINK