KTFA:

RE: Monday Night KTFA CC   https://www.youtube.com/watch?v=iPWDYh89ISI

DeepWoodz:  Thank you F26 and Walkingstick! Y’all are awesome!

Small recap....

Eddie Report/The Beginning

A spokesperson from Cbi being interviewed and both agree Iraq is facing a date to change the dollar rate more than previous amount both in other words are saying time is coming and Iraq going big so to speak saying will be nothing compared to previous exchange rate this all over on articles and news Cbi guy and finance minister.

Yesss, and they on tv and articles too! It’s everywhere! Same words Mr.  Frank spoke of weeks ago!

Tv news today saying it's time for Iraq to have an flexible exchange rate! One that will help Iraq when things are bad, and help when things r better and saying the devalue recently was for a period of time to get more notes in and to help pay bills and this is the finance minister and the spokesman from CBI again talking. Same two from yesterday that were on tv

Small tidbit from THA MAN....

WalkingStick.....On sat phone with them now..b a bit.

F26....I will wait for you as long as it takes

W......They are in mtgs now , topics disbursment of new notes ... time , notes , count ... etc

F26......Are you going to call me or do I just report this tonight

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Samson:  Petersburg International Economic Forum kicks off tomorrow

1st June, 2021

The Petersburg International Economic Forum, which will be held in person (face to face), will start tomorrow, Wednesday, and is the first large-scale economic event after the distancing measures taken to combat the Corona pandemic

This year's forum bears the slogan "Together again. The economy of the new reality", in reference to the post-Corona pandemic, which struck the world last year and dealt a severe blow to the global economy

The forum, which will be held from June 2 to June 5, is an effective platform for the exchange of views and experiences between policy makers, officials and business representatives from different countries of the world

Russian President Vladimir Putin will deliver a speech at the forum's plenary session, which will be held next Friday (4 June 2021), and will also participate in a dialogue session

This year's forum is important for the Arab world, as the State of Qatar participates in it as a guest and with a high-level delegation. The State of Qatar is organizing in the XXIV pavilion in the forum a unique business platform "Doha Hall". During the forum, 60 agreements are expected to be signed between the Russian and Qatari business sectors  LINK

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Samson:  World Bank: The Bank's portfolio in Iraq includes $2 billion

 1st June, 2021

The head of the World Bank office in Iraq, Ramzi Numan, confirmed that the bank’s plans in Iraq are aimed at implementing many projects in various sectors, indicating that the bank’s portfolio in Iraq includes two billion dollars

"The World Bank has a $ 2 billion portfolio in Iraq that covers various sectors," Numan said in a statement to official television, seen by "Al-Eqtisad News

He added, "Therefore, we consider ourselves essential partners" with Iraq in achieving economic development

The head of the World Bank office in Iraq indicated that "the bank’s policy is not limited to consulting and financing, but includes implementing various projects in the sectors of electricity, transportation and health," and other projects

The World Bank held a conference in Baghdad with the participation of Iraqi officials from various sectors to discuss ways to develop the Iraqi economy and support groups of society   LINK

Don961:  Al-Kazemi's advisor expects a cash surplus in the future

370 Economie 2021/05/31 21:52 mum  Baghdad today - follow up

The financial advisor to the Prime Minister, Mazhar Muhammad Salih, confirmed today, Monday, that the monetary policy of Iraq will maintain the stability of the exchange rate, while noting that the current account of the balance of payments is free of deficit, but rather there is an expectation of a surplus in the future.

Saleh said, in a statement reported by the Iraqi News Agency (INA) and followed by (Baghdad Today), that “the reduction of the national currency against the dollar was based on a one-time decision,” and that the country adopts a fixed exchange system, stressing that “there is an equation between the theory of exchange rate adjustment and between Deficit in the current account of the balance of payments relative to the gross domestic product.

He added, "Whenever the deficit increases by 4% or more, an adjustment or reduction is made in the external value of the currency to avoid a deterioration in external payments," noting that "Iraq currently does not suffer from a current account deficit, but rather there is stability and balance," expecting that There is a surplus in the future relative to the gross domestic product, in light of the positive developments in the oil markets and the positive improvement in Iraq's foreign exchange reserves."

He stressed, "The monetary policy will maintain the stability of the exchange rate in the present circumstance."

On December 20, the Central Bank of Iraq decided to reduce the value of the Iraqi dinar against the dollar, bringing the price of 100 dollars to 145 thousand dinars, after it was 122 thousand Iraqi dinars.

LINK

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Courtesy of Dinar Guru

Walkingstick  [via Frank26]   They are in meetings now.  Topics about disbursement of new notes, time frame, note count etc...

Frank26   [Now the World Bank is taking about how Iraq has dropped to a negative 10% GDP.]  What did I tell you about the GDP?  So now the World Bank comes out and starts telling you about the GDP figures.  Why?  Because they're about to give you the new exchange rate. 

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TNT:

Yada:  I believe the process to release has begun,,,we are at the tail end of the release and late afternoon may be our time to jump on the wagon

RKasparak:  yada... I hope you're right! :)

Yada:  rkasparek, when the sun first shines in the day, does it start at the same time across the US? Stages,,,that is where we are with the release of the rv

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Tishwash:  Al-Kazemi: Iraq is on the path to economic reform

On Tuesday, Iraqi Prime Minister Mustafa Al-Kazemi affirmed Iraq's determination to proceed on the path of economic reform, according to long-term visions that rely on viable solutions despite all challenges .

 A statement by Al-Kazemi's office stated, "The latter received the Vice President of the World Bank Group for the Middle East and North Africa, Farid Belhaj, and his accompanying delegation .

During the meeting, according to the statement, they "discussed ways to enhance cooperation between Iraq and the World Bank in various programs and fields, and with regard to mechanisms to combat corruption and rebuild the public service structure in a way that raises efficiency, establishes sustainable development and optimal investment of human capital, and some Bank projects were discussed." The international lag in Iraq and agreement on ways to reactivate it .”

The Prime Minister stressed, "Iraq's determination, despite all challenges, to proceed on the path of economic reform, according to long-term visions that depend on effective solutions ."

 And Al-Kazemi indicated that "the government puts in mind the interests of Iraq first and the needs of the Iraqi people, in addition to benefiting from the advice provided by discreet financial institutions such as the World Bank ."

For his part, Belhaj praised the bank's historical and strategic relations with Iraq, pointing to "the sobriety of the white reform paper presented by the government, which includes a coherent vision for ambitious economic development in a way that enhances the goals of good governance   link