KTFA Members "Iraqi News" Tuesday 2-25-2020

KTFA:

Samson:  Iraq prohibits entry to arrivals from seven countries because of Corona

25th February, 2020

Iraq announced that visitors from Corona virus cases were diagnosed as entering the country, as part of a series of procedures followed after the announcement of the first infection in the country of an Iranian expatriate. 

He added that he excludes from the procedures above that they are subject to the procedures of the Iraqi Ministry of Health coming from the aforementioned persons persons working in diplomatic missions and official delegations and checking his visa entry of the arrivals to the countries referred to above by workers in the border outlets during the past fourteen days.

The Minister of Health and Environment, Jaafar Sadiq Allawi, chaired the meeting of the committee formed under Diwaniya No. (55) for the year 2020, in the presence of committee members, Major General Saad Maan, Director of Information of the Ministry of Interior, and Brigadier Qusay Sobeih, director of residence affairs.

The decisions of the committee included forming a crisis cell in each governorate headed by the governor and membership of the Health Department and the supporting authorities to follow up and implement the committee’s decisions and extend the suspension of entry of foreign arrivals directly or indirectly and to another notice from the countries shown below the People's Republic of China and the Islamic Republic of Iran and stop entry of foreign arrivals directly Or indirectly and to other notification from the countries (Thailand, South Korea, Japan, Italy, Singapore).

The Committee called on all Iraqis not to travel to the countries referred to and to review the Ministry of Health for the position of the aforementioned procedures on a daily basis and according to the developments and around the clock and to mobilize all ministries resources to contain this crisis and each according to its specialization and disrupt the official working hours in schools and universities for ten days and prevent gatherings in all parts of Najaf and not Traveling to and from the province of Najaf, except in cases of extreme necessity, as well as legalizing travel between governorates, except in cases of extreme necessity. It was also advised not to hold unnecessary conferences, celebrations, and gatherings throughout the Republic of Iraq.

The Minister stressed the importance of following up the stores, pharmacies and offices for the sale of medical supplies to ensure that this crisis is not used to monopolization, raise prices and unify the language of media discourse, and authorize the Iraqi media network in awareness and education issues in coordination with the media office of the Ministry of Health and Environment.  LINK

Samson:  Disrupting school hours in Sulaymaniyah for one month

25th February, 2020

Today, the Sulaymaniyah Governorate Council voted on Tuesday to suspend official working hours in all study centers.

The provincial council held a session earlier in the day that hosted educational officials in Sulaimaniyah to discuss granting an official holiday after the outbreak of the Corona virus in the country.  LINK

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Don961:  :  He called on Iran to intentionally deploy Corona in Iraq

Tuesday 25 February 2020

Baghdad - Writings

Local media have hinted that the Iranian student may have intentionally entered Iraq despite knowing that he was infected with the Coruna virus.

As according to what was circulated today, Tuesday, 25 February 2020, the Iranian student, “Suhail Amiri” entered Iraq knowing that he had corona. He was detained in the Iranian city of Qom for three days, but he got out of stone and arrived in Iraq immediately, realizing It will spread the epidemic.

The analyzes are based on data made by the Iranian student about his mixing with Iraqi science students at Al-Shirazi, Al-Isfahani, and Al-Tousi schools in Najaf, and he deliberately participated in scientific seminars with the generalists.

Activists considered the arrival of the Iranian casualty as an attempt to spread fear among Iraqis, especially in the uprised provinces; to quell the revolutionary movement that mainly targets Iranian hegemony over Iraq's capabilities.  LINK

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Samson:  Trump is asking Congress to allocate $ 2.5 billion to fight Corona

25th February, 2020

US President Donald Trump has called on Congress to allocate $ 2.5 billion to fight the Corona virus.

"Today, the administration will transfer to Congress a supplementary funding plan of $ 2.5 billion to accelerate the development of the vaccine, enhance the degree of preparedness and response operations, and purchase urgently needed equipment and supplies," White House Office of Management and Budget spokeswoman Rachel Simmel said in a statement on Monday.

It is noteworthy that the World Health Organization called on the countries of the world to do more and prepare for a possible epidemic due to the rapid spread of Corona virus.  LINK

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Samson:  Oil is rising and gold is backing off a seven-year high due to Corona

25th February, 2020
Oil rose on Tuesday as investors sought to hunt bargains by buying crude at cheap prices after about 4 percent plunged in the previous session, but fears that the spread of the Corona virus outside China will affect major economies and curb fuel demand curbed gains .

Brent crude, the world benchmark, rose 19 cents, or 0.3 percent, to $ 56.49 a barrel by 0436 GMT, after falling 3.8 percent in the previous session, to post the largest single-day loss since February 3 .

And US crude futures lost 17 cents, or 0.3 percent, to $ 51.60 a barrel, recovering from a drop of 3.7 percent in the previous session .

Demand fears of oil and commodities prices tumbled on Monday, while European and US stocks suffered the biggest losses since mid-2016 .

In the United States, crude inventories are expected to rise for the fifth consecutive week while refined product inventories are expected to have declined, as seen on Monday by a preliminary survey conducted by Reuters for the week ending February 21 .

Ameen Al-Nasser, CEO of Saudi Aramco, told Reuters on Monday that the impact of the Corona virus on oil demand is expected to be short-lived and consumption will rise in the second half of the year.

Meanwhile, gold prices fell on Tuesday, with investors selling the yellow metal to take profits, after hitting a seven-year high in the previous session, while stocks recovered somewhat, but higher cases of Corona virus outside China curbed the gains. And gold fell in the spot transactions 0.7 percent to 1648.36 dollars an ounce (ounce) by the time 0605 GMT. On Monday, gold rose 2.8 percent to $ 1,688.66, the highest level since January 2013 . Gold in US futures fell 1.6 percent to $ 1650.60.

Asian stock markets have stabilized somewhat after a wave of early sell-offs receded.

The death toll from the Corona virus in Italy rose to seven on Monday, while several countries in the Middle East deal with the first cases .

Regarding other precious metals, palladium rose 0.3 percent to $ 2,637.25 an ounce.  As for silver, it lost 0.7 percent to $18.50 an ounce, after touching the highest level since early September in the previous session, and platinum settled at $963.52 an ounce.   LINK

Monday Night CC  2-24-2020

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Don961:  Supporting the national industry and prospects for the Iraqi economy

Tuesday 25 February 2020

Sabah Mohsen Kazem

  The phrase "Made in Iraq" has an impact on the psychology of Iraqi society and its imagination, because its profound implications refer us to citizenship and attachment to a sacred Iraq. There are requirements for developing performance in the Iraqi national economy that must be met, including: agricultural investment,

And the development of agriculture, the alternative to relying on oil, which complains of fluctuating prices. How to bridge the budget deficit of (48) trillion, there are urgent questions, how can the Iraqi economy achieve the goals for which all the demonstrators went out?

 I see the answer only to reform, except by developing the structure and structure of the Iraqi economy, and focused practical steps that are not patchy in accordance with the plans of the national interest to reduce unemployment with equal opportunities in the central appointment and the service council, and the population census. To return (Made in Iraq) by providing the appropriate climate for investment because capital - a coward - we hope our industry will return to the forefront of the markets, and reduce imports to maintain the hard currency. Economic reform needs practical and immediate steps.

John Kenneth Gallbert’s History of Past Economic Thought Presently, Ahmed Fouad Balbaa, confirms on page 302: (The ruling truth here is simply that in a rich country where individual prices are not so important socially, in the former world that prevails Poverty, the cost of food, clothing, fuel and shelter was a profound measure of suffering or enjoyment of life.) Of course, meeting the needs of the individual fulfills his hopes and ends his pain

Scientific planning for the advancement of the Iraqi industrial reality is an ambitious project, and the Iraqi industry throughout the last century was satisfying the local market with various products achieving societal sufficiency, but rather reaching the neighborhood and world markets and the brand (Made in Iraq) has a presence in various household goods and electrical appliances in the factories of the Al-Zawra, Al-Daqqa, Baghdad, and Diyala factories The local market is clogged during the seventies, in addition to heavy industries such as the iron industry in Basra, cement in Kufa and Mosul, cars and assembly in Alexandria, and woolen fabrics and aluminum in Nasiriyah reach exports to several markets, and the For medicines in Samarra, cigarettes and others. 

As for dates from Basra, Hilla and Karbala, they reach the international markets. Iraq also achieves agricultural sufficiency in dozens of agricultural crops, wheat, barley, ferment, sesame, fruits, vegetables, etc., in addition to the availability of livestock and the quality of varieties.

The reason for our declining national industry is the reckless policies of the previous regime and its wars that destroyed the infrastructure and bombed all factories with coalition aircraft. The vital question, can Iraq rise? Answer: Yes, because of what Iraq possesses of untapped and untapped wealth, as the most important oil-producing country, and provides suitable soil for investment, topographical diversity of mountains for plains for the plateau and desert, and vast storage of untapped wealth of rare precious metals, of course agricultural wealth is complementary to the industrial advancement of crops Agricultural, such as cotton cultivation, provides a textile industry and so on, and this is the way to make Iraqi industrial transitions a success. Iraqi agriculture needs five-year plans, and cooperation with Turkey to provide the water share according to the international law of the riparian states, which are located on the riverbed agree to provide water for agriculture and human and animal use and not to harm the construction of dams that prevent the flow of water flow.

Iraq needs to structure the organization of water and not waste it, use drip cultivation, and invest groundwater as water is the guarantor wealth of life, just as we have experienced the experiences of countries that began with a scientific methodology of agriculture to support its industry, and provide sufficiency to preserve the hard currency and not waste it with unjustified import.

Accompanying this import without controls! The use of Iraqi capital coming from oil exports, as the Iraqi economy is a rentier economy unilaterally with good investment for industrial development, and reducing unemployment, savings, and strategic investment.

It is noteworthy that the Memorandum of Understanding with China, which occurred despite the objections and fears, and the citizen has the right to know the details, and fear of the long period of time, it was possible to invest the 100,000 thousand barrels to 300 thousand barrels for a period of 10 years instead of an open period of up to 50 years, with the condition that they be Well-known sober companies, China has degrees by global rating .

The awareness of the Iraqi citizen today with the revitalization of the Iraqi industry, the development of industrial performance, and the return of the Iraqi product (Made in Iraq), the country that invented writing, the wheel, and mining is able to rise from its agricultural and industrial repression by achieving justice and eliminating financial and admin. corruption .

Working with the principle of integrity and sincerity enables the country to overcome its ordeal and solve all problems faced by the Iraqi people. (Made in Iraq) Our hope for developing the Iraqi industry.
LINK

MilitiaMan:  "Practical and Immediate Steps are needed for economic reforms"..

I have to say the CBI of late has shown their ability to do just that.. The CBI today has suggest they have a published brochure to outline the mechanisms they will use to defend their currency in the open markets.. The CBI published data in Arabic that has some powerful implications on where this is headed!! The direction is perfect for us.. imo ! ~ MM

"Hard currency refers to money that is issued by a nation that is seen as politically and economically stable. Hard currencies are widely accepted around the world as a form of payment for goods and services and may be preferred over the domestic currency"

The Central Bank of Iraq

information Office

2/24/2020   

The central bank clarifies the administrative framework for financing imports and the mechanism for selling foreign currencies   LINK

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