More News, Rumors and Opinions Wednesday PM 1-25-2023
TNT:
Tishwash: Trade Minister: Iraq has an economic market capable of attracting major international companies
Trade Minister Atheer Al-Ghurairy discussed with the Korean Minister of Land and Infrastructure and the head of the Korean side in the joint committee, Won Hee-ryunk, on Wednesday, enhancing prospects for joint cooperation between the two countries, increasing trade exchange, the possibility of holding international exhibitions, and activating the joint committee.
Al-Ghurairi stressed during the meeting, according to a statement by the Ministry of Commerce, that "the Iraqi government, within its governmental platform, has a vision to develop and develop relations with all countries of the world, including South Korea, in a way that contributes to the development of the Iraqi economy."
Al-Ghurairy pointed to "the importance of Korean companies entering to invest in Iraq and establishing real partnerships with the private sector, especially since Iraq has a large economic market capable of absorbing and attracting major international companies."
Al-Ghurairy called on the Korean side to "actively participate in the sessions of the Baghdad International Fair to display their products to the Iraqi market, which are acceptable to the Iraqi citizen, especially Korean cars, which can be dealt with in this aspect with the General Motors and Machinery Company."
For his part, the Korean minister presented "a number of economic and commercial visions," stressing "his country's desire to increase investments in Iraq, especially as it has proven successful in the projects it operates in."
According to the statement, "the two sides discussed the date of holding the meetings of the joint Iraqi-Korean committee, which is expected to be held in the first half of this year, after the approval of the Iraqi side, which is chaired by the Minister of Commerce for the Iraqi side, in addition to the Korean side reviewing the projects that were established in Iraq and the Korean capabilities in the field of automobile industry and technology." electronics, infrastructure, roads, bridges, energy and other fields. link
************
Courtesy of Dinar Guru
Frank26 [Iraq boots-on-the-ground report] FIREFLY: Sudani brought back Alaq the former CBI Governor. He's back as proxy to run the CBI. He is saying within a short period he will return the exchange rates. My family want to know how did you know that? FRANK: ...We told you if Mustafa did not hurry up then he would just be fired. It's as simple as that...
Mnt Goat So was Alaq a good guy or bad guy? Ali Alaq was instrumental in getting the newer lower denominations printed...We read articles that these were, in fact, printed... Then...in mid-June 2020 they challenged Alaq’s proxy position... Alaq’s proxy position was of course a conflict of interest and objectionable to the ability of the CBI to stay independent of the GOI. He had to go mainly for this reason...Today we see a change in leadership back to Alaq. Wow! ...So Alaq is no longer a proxy. He is officially the governor now... I believe this is a good move and in the right direction. It will only help our situation now we know there is someone at the helm of the CBI once again who truly supports the completion of the currency reform project in Iraq.
**********
From Recaps Archives
For Dinar - What you will see on Forex or CBI WHEN IT RVs
$ RATE = What you will see on Forex or CBI
$ .86 = 1.162
$ 1.00 = 1.000
$1.17 = 0.854
$1.86 = 0.537
$2.00 = 0.500
$2.50 = 0.400
$3.00 = 0.333
$3.22 = 0.310
$3.46 = 0.289
$3.50 = 0.285
$3.86 = 0.259
$4.00 = 0.250
$4.10 = 0.243
$4.40 = 0.227
$5.00 = 0.200
$5.25 = 0.190
$5.50 = 0.181
$6.00 = 0.166
$7.00 = 0142
$8.00 = 0.125
$8.25 = .0121
$8.50 = .0117
$9.00 = 0.111
$10.00=0.100
Fantasy vs. Reality: Should Your Wealth Stay in the Markets?
Lynette Zang: 2-24-2023
Have you heard lately about the soft landing? Historically, it has never ever been done before.
What about the global yield curve inversion? Which also, never been done before, and we have the LIBOR to SOFR shift coming up in June, which has also never been done before.
Do you have all the confidence in the world that Jerome Powell and our government and the rest of the members of the FOMC can pull this off without a hitch?
Chapters:
0:00 Headline News
2:04 Mass Firings
7:02 Soft Landing Scenario