More News, Rumors and Opinions Thursday Night 7-14-2022
TNT:
Southernguy: Al-Kazemi: Iraq is stronger than it was before and stands with greater confidence on the international stage and draws its own footsteps
Ulued: Friday , is a window for the new rate release.....so far
Yada: Agreed ulued
Ulued: I think it be an overnight event because everyone is ready with all preconseved processes in place...
RCH: I guess I misunderstood Tony, I thought we really wouldn’t know anything until after the end of the weekend.
Brisham: We can know something on friday but not see it til weekend or later
Kaseyko1: Curious to see how things unfold with the Iraqi delegate at the UN forum starting today in NY & to run through tomorrow. The minister of planning is supposed to discuss the economic reforms Iraq is implementing. Sounds like the Food Law is getting some pr.
KTFA:
Samson: Iraq loses one billion dinars in gold reserves
07/14/2022 17:40:20
The economist, Duraid Al-Anzi, estimated that Iraq lost at least one billion dinars, as a result of the decline in currencies, including gold.
Al-Enezi said {to Euphrates News}: "The economic decline occurred for all hard currencies, including gold, and for the first time in 22 years, the prices of the euro became equal to the prices of the dollar."
He added, "The mistake made by everyone, including governments, is their direction and storage of gold, and it was supposed to work on storing safe currencies and not building the economy on crises, and by treating them we would be harmed."
Al-Enezi continued, "The Central Bank of Iraq ranked fourth in the Arab world and forty globally in gold reserves, and our loss at the least amounted to one billion dinars after this decline." Gold futures fell, today, Thursday, with the price of the US dollar rising globally.
According to the Comex rating of the New York Mercantile Exchange, gold futures were traded in August at $1,724.65 an ounce at 05:40 GMT. And the dollar index contracts, which measures the performance of the US currency against a basket of six other major currencies, rose by 0.34% to trade at 108.13 dollars. LINK
***************
Samson: Al-Kazemi receives the Medal of Honor from the French President
14th July, 2022
Prime Minister Mustafa Al-Kazemi received today, Thursday, the Medal of Honor, the highest honorary decoration in France.
The media office of the Prime Minister stated in a statement received by the Iraqi News Agency (INA), that "this honor came when Al-Kazemi received the French Ambassador to Iraq Eric Chevalier, who presented the medal on behalf of French President Emmanuel Macron, as this medal is one of the highest levels of honorary honor."
Al-Kazemi expressed his thanks and gratitude to the French president, and for France's efforts in support of Iraq and its democratic process. The investment horizon, and the participation of French companies in this sector.
During the meeting, the Prime Minister expressed Iraq's openness to cooperation with brotherly and friendly countries, in a manner that serves sustainable development and the consolidation of stability in Iraq and the region. LINK
*************
Courtesy of Dinar Guru
Frank26 [Iraq boots-on-the-ground TV report] FIREFLY: The CBI governor himself is being interviewed and he's saying that there's no justification to change the exchange rate. He's saying that the current economic situation does not call for a change and he's looking for confidence...he's saying this could be the rate for another 3 to 5 years...it all depends on the economic situation. FRANK: How's the economic situation? It sucks! Of course you're not going to have an exchange rate. [Post 1 of 2....stay tuned]
Frank26 This is from the Deputy Governor...listen carefully to his words. When the economic situation is better he will consider a raise in the exchange rate. That means a seated government ... with laws, a new budget to improve the economic situation which is called the economic reform that can only be improved with a monetary reform first. But the conditions have to be right...we are waiting for the governor of the CBI to feel comfortable and he's telling you he's not comfortable until he sees a seated government under Kazemi. No one else. [Post 2 of 2]
PREPARE FOR IMPACT! A GLOBAL ECONOMIC MELTDOWN OF UNTOLD PROPORTIONS.
Greg Mannarino: 7-14-2022
BONDS FLASHING WARNING SIGN - Why NOW Is the Time to Be a Crisis Investor
Mike Maloney:
The bond market is flashing a big warning sign... For the first time in 40 years, the annualized real yield of bonds is negative. That means bonds, typically viewed as a “safe” investment, aren’t protecting investors' portfolios like they used to. In fact, they’re not even yielding enough to keep up with inflation.