MilitiaMan and KTFA Members Monday AM 11-4-19

KTFA:

MilitiaMan:  They are telling the world (see article below) that they have achieved monetary stability for foreign investors while suggesting they'll have a fixed exchange rate.

One that will be supported and with little fluctuation.

A stable environment in a narrow range of speculation, allows for an attractive environment for foreign investment!!

Just what imo has been expected by foreign investors for almost tens of years or more, therefore, a strong rate means out of the gate to be good one. imo.

They have stated the Glory Days is a potential goal of theirs..

 I don't doubt that the "longer we have had to wait, the more money we will make." (big smile)

Don961:  Exchange rate stability

Sunday 03 November 2019

 One of the most important tools that contributed to the stability of the exchange rate of the dinar against the US dollar in the parallel exchange market, is the adoption of a method of sale adopts the implementation of pre-sale in the auction sale of the dollar at the Central Bank of Iraq, where the procedures are met to meet the requests of banks participating in the auction a day ago within days Official working hours or before the weekend and other public holidays, to ensure the financing of foreign trade and cash sale in the following days, and then block the speculators in the parallel market.

This method has been adopted since May 30, 2017, the day when the exchange rate in the parallel market witnessed a decline close to the official selling price, and then this price continued to hold with a simple profit margin in the parallel market despite the relative fluctuations during some exceptional days. In which some speculators tried in vain to exploit the events and data witnessed in the country in order to reap profits. 

This approach has been very successful in achieving monetary stability
that establishes the stability of the exchange rate in the parallel market, paving the way for an attractive environment for foreign investment, and ensuring the attraction of foreign capital, which is usually looking for monetary stability in investment environments,

in order to develop economic feasibility studies that can be engaged in. The probability of financial calculations of the project away from the fluctuations of the exchange rate is not calculated due to the data that may be experienced in the investment environment.

Therefore, the stability of the exchange rate in the parallel market these days in which our country is witnessing peaceful demonstrations withdrew its repercussions on the movement of the market and the nature of prices here or there due to the behavior of opportunists and parasites in the market of goods and services, and is clearly a clear indication of the success of monetary policy in the face of data in such Circumstances. 

This sends positive messages to the foreign investor about the

safe monetary environment and the possibility of establishing feasibility studies for projects based on a fixed exchange rate that is only affected by a narrow range of speculation depending on the location of the data and the time of the event.

Hence, the arrangements made for preparing for an attractive environment for foreign investment, following the Kuwait Conference for the Reconstruction of Iraq held early last year, and the bilateral agreements concluded by the Iraqi governments with many countries and companies are still in their timing, and that the possible changes in the political scene will not be.

It has an impact on the investment environment, which is supposed to be attractive due to monetary and security stability and the development in the banking sector and the legal environment, after it remained a promising environment for sixteen years awaiting the influx of foreign capital.   LINK

DELTA: (Thumbs up)

Don961:  Iranian goods pile up in stores after the boycott, and Saba al-Mahdawi's mother cries

 Sunday 03 November 2019

 Baghdad - Writings

With the success of the general strike targeting large areas in most of the provinces of Iraq on Sunday, November 3, 2019, Iraqis continued on another path aimed at disciplining the state that supports the killing and the use of excessive violence against the rebels.

Activists and politicians on social media and local and international media confirmed the success of the popular boycott of Iranian goods even though it started three days ago.

According to what was leaked, the commercial goods from Iran to the Iraqi markets filled the stores and jammed after traders decided not to buy them to participate in the demonstrators in their demands.

Meanwhile, the mother of the activist Saba al-Mahdawi, on Sunday, launched a distress cry to recover her daughter who was kidnapped by armed militia.
(video link)
According to activists on social networking sites, Saba is an Iraqi young woman who carries the concerns of the homeland and works as an activist and transports aid to the youth of Tahrir Square.

This prompted activists to launch a hashtag on the social networking site "Twitter" under the title "# Win_Spa"; in order to reach the young Iraqi girl quickly before being abused.   link  

MilitiaMan:  Tie this in with the CBI article today and the restrictions on those that have Sanctions against and or applied to those entities in regard to trading in the Dollar, etc..

This may have a direct impact on the neighbor, whereby, the recent demonstrations with a positive outcome will have a profound outcome associated with the end result. Read, the neighbor will feel the pinch, as it is one very large trading partner, that is being boycotted for what appears to be an extremely just cause! MURDER..

Once the Iraqi's get their due from their peaceful demonstrations, then the bleed over effect will be hard to contain for said neighbor, not to mention the world is watching and closely! Very closely! .. imo ~ MM

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The Central Bank of Iraq, from all licensed banks and non-bank financial institutions not to deal with two banks and a remittance company to be covered by international sanctions.

The bank said in a statement received (independent) a copy of it on Sunday, that "given the names of financial institutions on the list of international sanctions, it was decided to prevent dealing with these institutions in the US dollar currency with the permissibility of dealing with other currencies and until further notice."

He added that "financial institutions that have been included in the list of international sanctions included the Islamic Bank of the tender" former country "and Noor Islamic Bank of Iraq and the Khalidi Exchange Company located in the province of Erbil," note that the latter is not authorized by the Central Bank of Iraq.

Experts have considered that "some private banks have turned into a place of extortion and depletion of hard currency in the auction of currency," surprised by the "lack of real policies for the work of these banks to achieve the maximum benefit of banking work in construction, investment and reconstruction, as is the case in most countries of the world."

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"Economist and strategist, Ghanem al-Abed, confirmed that the Iranian product invaded Iraqi markets by 90%.

He added, "Most of Iraq's factories were stopped because of the Iranian product, which invaded the Iraqi domestic markets by 90%."

He explained that "the economic situation in Iran is the most prominent problems of the people, and if Iraq boycotted Iranian products, I do not rule out a revolution in Tehran."

Samson:  Protesters boil government departments in Diwaniya

2019/11/4 8:51

Sitters closed three government departments in Diwaniya province.

This morning, the Directorate of Education, the Political Prisoners' Foundation and the Welfare Department in the governorate were closed by the protesters.   LINK

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Don961:  Sunday, November 3, 2019 15:57

 Al-Abed: If the Iraqi markets boycott the Iranian product, there would be a revolution in Tehran 

Economist and strategist, Ghanem al-Abed, confirmed that the Iranian product invaded Iraqi markets by 90%.

He added, "Most of Iraq's laboratories stopped because of the Iranian product, which invaded the Iraqi domestic markets by 90%."

He explained that "the economic situation in Iran is the most prominent problems of the people, and if Iraq boycotted Iranian products, I do not rule out a revolution in Tehran."   link

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Samson:  Summary of the demonstrations of Tahrir Square for the tenth day

3rd November, 2019
Our agency reviews a summary of the popular demonstrations in Tahrir Square in central Baghdad on Sunday, for the tenth day.

The summary was as follows:

1 - a significant reduction in the targeting of demonstrators tear gas.
2 - provide large logistical support to the demonstrators in the "Turkish restaurant" and down the river cliff from the bridge of the Republic.
3 - the presence of medical health detachments with all medical supplies.
4 - At 8 am, the students recorded a large presence in Tahrir Square and not recorded any injury or suffocation.
5 - Rescue the riot force to the demonstrators in the river and return them to the place of protest without arrest or beaten.
6 - Set up tents and large processions in Saadoun Street and the streets near Tahrir Square in support of the demonstrators.
7 - Conducting awareness campaigns and alerting demonstrators with large banners advising not to cross the bridge of the Republic and not to go to the bridge.
8 - Continuous operation of the national anthem and national songs only.
9 - Lighting candles along the Tahrir tunnel in honor of martyrs of demonstrators, security forces and martyrs of Iraq.   LINK

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Samson:  In detail .. Tahrir Square and an unprecedented increase in the number of demonstrators

2019/11/3 21:01

The Liberation Square in central Baghdad is now witnessing an unprecedented increase in the number of demonstrators.

"Now very large numbers of young people, women, boys and families in Tahrir Square, and all the alleys and main and secondary streets are crowded with huge numbers of demonstrators," the correspondent said. "The demonstrations are now going on smoothly as many processions spread food and drink to the demonstrators," he said. "Tik-tech vehicles transport food and medical supplies to the demonstrators as well as the injured."

He continued, "Today the incident of the martyrdom of two demonstrators, (Hussein Darraji and Ali) as a result of tear gas canisters that settled in the head and there is a solemn funeral for these two martyrs in Tahrir Square, and lit candles on the lives of martyrs."

He added, "The numbers are still flowing to the moment significantly to Tahrir Square," but "Today, the numbers are very large, similar to those that arrived on Thursday and Friday, even more," he said. LINK

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Don961:  :  Sunday, November 3, 2019 15:16

 Protesters block a border crossing with Iran

Angry protesters cut off a border crossing in Maysan province with Iran, a security source said on Sunday.

The source said in a press statement that the demonstrators blocked the road outlet Al-Shaib, the land border crossing between Iraq and Iran from the province of Maysan.

He added that demonstrators in Maysan blocked the road to the morgue, leading to the oil fields, and forced employees to return to their homes.

In Basra, demonstrators blocked the road linking Khor Al-Zubair and Umm Qasr districts, south of the province, by burning tires, to prevent the passage of staff and prevent security forces from reaching Umm Qasr, which is witnessing a large sit-in by hundreds of people in front of the port of Umm Qasr.

On the other hand, the Baghdad -Diyala road was blocked by demonstrators in the Shaab area as part of the civil disobedience announced by many areas of Baghdad and several provinces.  link