KTFA, X22 Reports, Pimpy and more Friday Night 11-27-2020
KTFA:
Clare: Iraq is preparing a plan to join the World Trade Organization in early 2021
November 2020 08:33 PM
Mubasher: The Iraqi Ministry of Trade announced today, Friday, the preparation of a plan to join the World Trade Organization, stressing that the accession will contribute to increasing national production and providing job opportunities.
The ministry told the Iraqi News Agency, "INA", today, that it has prepared a plan to join the World Trade Organization, represented by the restructuring of the national committee concerned with accession, as well as the sub-committees emanating from it, to complete the accession files, as well as to expedite the legislation of laws, and prepare draft laws related to the organization's agreements. .
She explained that the draft laws such as the National Product Protection Law, the Consumer Protection Law, the Competition and Monopoly Prevention Law, and the Customs Tariff Law.
She added that joining the organization has positive repercussions in the long run, as Iraq may not directly reap its fruits, but there will be a strong, integrated Iraqi economy capable of competing with the economies of the member states of the organization in general, and the economies of neighboring countries in particular.
And she added, that accession would allow Iraq to enter into fair competition for goods and services with other member states.
She emphasized that this measure will contribute to increasing national production and providing job opportunities for the unemployed, and thus there will be a noticeable increase in per capita income and total output.
She indicated that the Ministry is coordinating with all ministries and private sector entities to complete the files of accession, represented by the completion of the legislative implementation plan, which includes Iraqi laws and draft laws that affect, directly and indirectly, economic activities, and a preliminary draft of this plan has been completed. .Link
Courtesy of Dinar Chronicles
Experts discuss fate of the Iraqi Dinar
26th November 2020 By John Lee.
At a webinar hosted by the Iraq Britain Business Council (IBBC) yesterday, a team of experts presented and discussed their insights on the Iraqi government's recent White Paper, and on the challenges and opportunities facing the country.
On the subject of the Iraqi currency, Frank Gunter, Professor of Economics at Lehigh University, commented:
"As the international reserves of Iraq decrease ... this is going to put pressure for a depreciation or loss of value of the dinar ... and that might be a good thing.
"The dinar was deliberately appreciated, increased in value, by almost 20 percent. It has made exports from Iraq uncompetitive; it has led to a huge amount of imports into Iraq because the foreign products are so cheap.
"Maybe a possible reaction to the fiscal constraint is to devalue the dinar, so that every dollar of oil sales will buy more dinar, which will allow payment of the salaries and pensions and the infrastructure."
While agreeing that the dinar was overvalued, Hadi Al Damirji, of MIT's Sloan School of Management, urged some caution, in case a devaluation would lead to a further run on the dinar:
"I totally agree with the philosophy of keeping the dinar lower, but when is the right time to move it?"
Suggesting a conrolled devaluation, in combination with incentives to reduce public sector salary commitments, Shwan Aziz, former Chief of staff to the Iraqi Deputy Prime Minister, said:
"[We must] protect those groups that have dinars in the banks, or those contractors who have not been paid for so many years ... [but] controlled devaluation, it seems, is unavoidable."
For more information, and a link to the full discussion, please click here.
Source: Iraq Business News
https://inteldinarchronicles.blogspot.com/2020/11/experts-discuss-fate-of-iraqi-dinar.html
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Courtesy of Dinar Guru
Jeff Iraq has given you the back wall for the rate change...the end of March in '21. Here's why. Here's how...the reform funding payments, before they can make that payment, they have to change the rate. That's why the reforms have been outstanding for so long... Here's an older article from July of this year "Parliamentary Finance warns against moving towards changing the dinar exchange against the dollar" Quote: "there are possible intentions to change the exchange rate of the dollar against the dinar within the expected financial reform law." They're telling you the truth in this article...
Friday Night X22 Reports
The Writing Is On The Wall, Companies Move Out Of China . Ep 2339a
The [CB]/[DS] are moving forward with their reset, Trump has used the chaos to remove the blocks to allow him to bring the economy back to the people. During the pandemic companies realized they needed to move operations out of China and more companies are now doing this.
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The Hunters Become The Hunted, Tide Is Turning, Final Stage – Ep. 2339b
The [DS]/MSM never had the narrative, the people are now realizing it and the tide is now turning. DS put up a video of a lion, the hunted becomes the hunter. Trump is now positioning everything to move forward with the plan. Flynn is free and innocent of all crimes, the [DS] is panicking, the final stage is coming.
https://x22report.com/the-hunted-becomes-the-hunter-tide-is-turning-final-stage-ep-2339/
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Iraqi Dinar News 11/27/20 very interesting
Pimpy’s Investment Chat: Nov 27, 2020