More News, Rumors and Opinions Sunday Afternoon 12-5-2021
TNT:
Weekend UPDATE for December 4-5, 2021
US Bank source say they expecting a notification today (Sunday) and are "rounding up" staff to report to the Exchange Centers on Monday.
They anticipate full exchange activity by Tuesday.
Time Will Tell.
Tishwash: Next week..a crucial meeting to determine the rail link point between Iraq and Europe
The General Company for Railways announced, today, Sunday, its procedures for linking with Europe, while clarifying the details of the five-year plan.
The Director General of the Iraq Railways Company, Talib Jawad Al-Husseini, said that "the railways suffered great damage, especially in the liberated areas, from ISIS terrorist gangs."
He explained, "The efforts of the engineering and technical staff restored the 66 km Baghdad-Fallujah line, as well as high coordination with the Governor of Anbar to rehabilitate the destroyed bridges, where the completion rate reached 70 percent, in addition to rehabilitating the Baghdad-Bayji line for the purpose of transporting oil derivatives from a refinery."
The steadfastness in Baiji, and the work included the Qayyarah refinery and Hammam Al-Alil,” noting that “the railways began constructing alternative railways at a temporary station after the Mosul train station was completely destroyed,” noting that “the line is currently ready for the movement of goods trains.”
He added, "There is high coordination with the Ministry of Transport assigning an international company after obtaining the approval of the Council of Ministers to study and prepare designs for the development of the railway network."
And he indicated, "The railways are serious about the step of rail linking with Europe through Turkey, and there is a meeting at the end of this month with the Turkish technical and engineering staff, in addition to the staff of the Kurdistan region, for the purpose of determining the connection point with Turkey," explaining that "this project comes in conjunction with the start of establishing a port. Big Faw".
He added, "The General Company for Railways recently imported 210 out of 250 tankers for the purpose of putting them into service to transport oil derivatives," calling on "the Ministry of Oil to encourage national transportation on the railways and conclude contracts for the transportation of oil derivatives."
He pointed out that "the five-year plan for railways is subject to obtaining financial allocations, and includes the implementation of the suspension train project that connects Rusafa with Karkh, with a length of 22 km, as well as the Karbala - Musayyib - Najaf - Samawah project, the arc line, which aims to transport passengers' goods within the middle Euphrates and append it." In the south, center and north, as well as the suspended train project between the governorates of Najaf and Karbala, for transporting passengers. link
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Courtesy of Dinar Guru
Frank26 Article: "Kuwait confirms receiving $1.47 billion in war compensation from Iraq" What are you putting in there? Quote: "...amounting to 1.47 billion dollars (0.4 billion dinars) in April, July and October of this year." Dude you just gave the mathematical formula! That would be $3.61! About an hour after this news agency...resent it without that information in the translation. Was it a mistake - don't pay attention to that? Or was it a mistake - I can't believe you did that! Get rid of that! Release the next article without that information!? Honestly I don't know...IMO Kuwait is being paid off for a reason right now. It is part of the agreement for Iraq to lift the value of their currency... The rate of Kuwait is around $3.32...I don't know if it's an honest mistake but the calculations are fascinating.
Pimpy There is a lot of positive things working in Iraq. We know these things. We know the early elections took place and the government is being formed. We know over the last year and a half Al-Kazemi appears to be the real deal Holyfield. He's been doing everything he could to get the corruption weaved out the the government- doing what he could to develop the private sector...so their budget isn't reliant on oil sales...they're finding new oil and oil fields. They're working on moving quickly through the WTO. They're doing what they can to remove themselves off the blacklist...we know our troops are getting ready to leave restoring the sovereignty of Iraq. We know that their debt is almost paid off with Kuwait for invading them. All these things are big...steps necessary to get to the revaluation of the dinar.
Vietnam Dong update for 12/05/21
Pimpy’s Investment Chat : Dec 5, 2021
MARKETS A LOOK AHEAD: Keep Your Eyes On The Fed. Balance Sheet.
Greg Mannarino : Dec 5, 2021
Fed. Balance Sheet Link: https://www.federalreserve.gov/monetarypolicy/bst_recenttrends.htm