More News, Rumors and Opinions Tuesday Afternoon 2-16-2021
KTFA:
Samson: Iraq asks Switzerland to open an embassy in Baghdad
02/16/2021 15:32:20
Minister of Culture, Tourism and Antiquities Hassan Nazim discussed today, Tuesday, with the Swiss ambassador to Jordan Lucas Jacir, and his accompanying delegation, to open a Swiss embassy in Baghdad.
In a statement, the Euphrates News received a copy of it, the ministry stated, "The two sides discussed during the meeting the possibility of establishing a Swiss embassy in Baghdad and the current security situation, as well as the importance of the upcoming visit of Pope Francis, as it is an opportunity to support intercultural communication and the development of foreign relations, and a number of Joint cultural projects."
The minister said, "The Swiss presence is welcome, and that security challenges should not constitute an obstacle to this step." The Swiss ambassador pointed out "the importance of the Iraqi presence in Switzerland in the field of art, culture and filmmaking." LINK
TNT:
Tishwash: United Nations on Erbil attack: heinous, reckless acts that threaten stability
The UN mission in Iraq, "UNAMI", said, Tuesday, that the missile strikes that targeted Erbil International Airport last night are among the heinous, reckless acts that pose serious threats to stability.
"We condemn the deadly missile attack on Erbil. Such heinous, reckless acts pose serious threats to stability. Iraq must be protected from (external) quarrels," the UN envoy, Jenin Blashart, said in a statement received by Mawazine News.
She added, "We call for restraint and close cooperation between Baghdad and Erbil to bring the perpetrators to justice." link
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Tishwash: Al-Nusiri calls on the government to preserve hard currency and prevent its leakage to the outside
The economic and banking advisor, Samir Al-Nasiri, confirmed, on Tuesday, that hard currency in Iraq is still subject to leakage outside the country and called on the government and its specialized economic institutions to take measures, mechanisms, and economic, financial and monetary policies.
Al-Nusiri said in an interview with "Al-Eqtisad News", that the foreign currency will not return due to unplanned and uncontrolled imports of consumer and unnecessary goods and goods from poor origins and outside the Iraqi standard specifications, while putting forward a set of proposals that would preserve the hard currency that Iraq needs in His current crisis he is going through.
He added that Iraq since 2003 until now has not stimulated and activated the productive sectors such as industry, agriculture, energy and tourism, and the local product, which is the basis for determining imports, has not been supported, indicating that import is a complement to local production and not a substitute for it, but after the opening of borders and markets and the entry of poor imported materials at prices. Low compared to the local product due to the lack of security of raw materials and government support, which led to the exit of hard currency, mainly through imports of the private sector.
Al-Nusiri stated that the best solution to preserve hard currency is for the government to support local production and activate the laws to protect the local product and protect the consumer, which are laws that have been on the shelves for years and have not been activated, stressing the importance of providing raw materials and electricity to the factories, structuring government factories and engaging the private sector. In its management.
He continued that Iraq without local products that match the importer cannot maintain its hard currency as required, pointing to the need for the government to address the structural imbalance in the economy, activate the productive sectors, and address the deficit in non-oil revenue and the deficit in the balance of payments and the trade balance.
"We are a country that does not have a clear economic approach, and the private sector has not been involved in making economic decisions, which requires and must be supported by the government," Al-Nusairi said. link
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Courtesy of Dinar Guru
Frank26 Article: "Is there a threat to hard currency reserves? The Central bank explains" They're telling you they not only have enough to back up their hard currency but also their digital currency...they are trying to tell you they have a new exchange rate...It's right in front of your eyes.
Jeff This is not pegged to our calendar. This is pegged to God's Hebrew calendar. Iraq implemented a 90-day tool on December 20th to reduce the 3 zero note count in the country of Iraq...that 90-day step ends Sunday March 21st. The first month of the Hebrew new year is their 7th month. It's the month of Nisan...
BofA Warns The US Might Go Full Weimar Republic, People Moving = Money Moving = Hyperinflation
The Silver Report Uncut: Feb 16, 2021
The short version is people moving equals a spike in money velocity according to Hartnett and the pickup in money velocity will send all those extra dollars chasing fewer items. Historically speaking we are following the path of the Weimar republic as He points out several times
Iraqi Dinar News for 02/16/21
Pimpy’s Investment Chat: Feb 16, 2021