More News, Rumors and Opinions Sunday Afternoon 6-7-2020

KTFA:

Samson:  Al-Rashid Bank directs its branches to resume official working hours

6th June, 2020

Al-Rasheed Bank directed its branches in Baghdad and the provinces, today, Saturday, to resume official working hours on Sunday.

The bank called in a statement, received by "Gilgamesh Press", the staff of its branches in Baghdad and the provinces to "resume work and provide banking services and products with an emphasis on following the safety and sanitation requirements of the Corona virus."  LINK

Samson:  Political expert: The Iraqi negotiator sells his country for a few dollars .. This is the world's view of us

7th June, 2020

According to political expert Basil Hussein, the world views the Iraqi as being ready to sell his homeland for a handful of dollars.

Hussein said in a tweet on "Twitter" that "the respectable countries seek to know their negotiators and even more as much about them."

He added, "Recently, a perception was created among the countries about the Iraqi negotiator that it is cheap, which can be bought easily. Therefore, many border agreements or contracts were against Iraq’s interests because the Iraqi negotiator was ready to sell his country for a handful of dollars." 

 LINK

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Samson:  China's trade exchange with Russia and the United States has declined

7th June, 2020
The volume of trade exchange between China and Russia decreased in the first five months of 2020 by 4.3% compared to the same period last year, reaching $ 40.89 billion. And China’s General Customs said that Chinese exports to Russia from January to May fell 7.3% year on year to $ 16.94 billion. Russian exports to China fell 2.1% to $ 23.94 billion.

In May, the trade volume between the two countries reached 7.36 billion dollars, during which the value of Chinese exports to Russia reached 3.8 billion dollars, and Russian exports to China reached 3.56 billion dollars.

At the end of 2019, trade between Russia and China grew by 3.4% and reached a record $ 110.75 billion. Meanwhile, the volume of trade exchange between China and the United States during January-May of this year, against the backdrop of the emerging Corona virus, reached $ 183.61 billion, 12.7% lower than the same period in 2019.

According to Chinese customs, exports decreased From China to the United States from January to May 2020, by 14.3% to $ 137.6 billion, while the United States exported goods to China worth $ 46.01 billion, which is 7.6% lower than the index for the same period last year.   LINK

Courtesy of Dinar Guru   https://www.dinarguru.com/

Pimpy  They are talking a lot about the rate change.  Some of the changes seem very minor but any change is better than no change at all.  It's hard not to get overly excited.  Let's keep positive and pay attention to what's going on because like I said ever since Al-Kazemi got put into office man that guy's hitting the ground running.

Frank26   ...you have a government [Iraq] and the government was actually put together by Donald Trump.  You [Iraq citizens] are now going to get what you deserve...an increase in the value of your currency so you have more purchasing power.  You'll be one-to-one with the American dollar inside of your county and outside eventually your currency will float and it'll have an international rate...I think you already know what that rate is.  Look at what the rate is for Saudi Arabia.  Look at what the rate is for Kuwait.  You're not only going to have purchasing power added but now you're going to have the mineral rights, oil rights...the Kurds IMO put their signature on this HCL and it's going to be delivered I believe on Monday...

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Currency Manipulation - Which countries are manipulating

Pimpy’s Investment Chat: Jun 7, 2020

https://www.youtube.com/watch?v=c1VKKMcB8kc