News, Rumors and Humor Sunday PM 11-20-2022
KTFA:
Samson: Tomorrow.. The launch of the Iraq Building and Construction Exhibition, with wide international participation
20th November, 2022
An Iraqi company specialized in organizing international exhibitions announced, on Sunday, the completion of preparations for the launch of the Iraq Building, Construction and Infrastructure Exhibition on the Baghdad exhibition grounds, with the participation of more than 130 Iraqi, Arab and foreign companies.
"The exhibition will start tomorrow, Monday, from the 21st to the 24th of this month, with the participation of more than 130 companies specialized in the field of construction, construction," said the director of "Al Sorouh" company, Muhammad Salman Al-Enezi, to Shafaq News agency.
And that "the exhibition will witness the display of everything related to building materials, decorations, modern construction technology, consultations, energy systems, machinery, industrial machinery, cement and concrete products, interior design services, and building and construction tools and supplies."
Al-Enezi pointed out, "The importance of holding such exhibitions, to support the state's sectors and the exchange of experiences and modern technology, in a way that contributes to the establishment of investment projects that serve the country in the fields of construction, construction and infrastructure."
He pointed out that "the participating companies compete through the products they offer that form the cornerstone of developing the infrastructure needed by the local market." LINK
************
Samson: A parliamentarian accuses private banks of smuggling currency and money laundering
19th November, 20224
Saturday, the deputy of the State of Law coalition, Jassem Atwan, accused private banks of smuggling currency and money laundering in the previous period, calling on the new government to control the doors of currency smuggling out of Iraq.
Atwan said in an interview with "The Information", that "the currency smuggling file is controlled by the 75 private banks," stressing that "the improvement in the economic file starts from controlling the currency smuggling file in order to ensure an increase in the state's foreign reserves."
And he continued, "There are illegal practices that occurred in the recent period from private banks, through which currency was smuggled and money laundered."
He added, "Some private banks are working to weaken the value of the Iraqi dinar in order not to increase the cash reserves of foreign currency," noting that "the continuation of currency smuggling threatens the cash reserves and opens new doors for corruption that cannot be controlled in the future."
And earlier, the economic expert, Abd al-Rahman al-Mashhadani, said in an interview with Al-Maalouma, that "the Iraqi Central Bank selling huge numbers of dollars daily is very suspicious compared to the volume of Iraqi imports," stressing that "the only beneficiary from selling such numbers reached 200 million dollars a day are the private banks that benefit 20 cents from the dollar and one. LINK
************
Courtesy of Dinar Guru
Frank26 [Iraq boots-on-the-ground report] FIREFLY: There was a two hour program on our Channel 1 news...they said they did an oil exploration and it has confirmed Iraq is basically floating on oil. FRANK: NASA did aerial shots of the territory...and they were able to find out Iraq sits on a lake of oil bigger than Lake Michigan. Bigger than Lake Eire. The whole country is nothing but oil...everywhere you walk the oil squirts out of the sand...oil makes the world go round. Wow...that's one of the reasons why I invested in the Iraqi dinar...
Sandy Ingram Article: "30% trading volume increase in Iraq Stock Exchange in October 2022" ...the percentage of foreign shares in total trading volume increased from 8.2% in September to 11.3% in October. What this statement means is there was a lot more international money reaching the doorstep of Iraq other than the oil industry.
TNT:
RVAlready: At least, now, many major economists are admitting that fiat currencies and derivatives are the root of all evil, and the primary cause of the mess we are in. Took a long time for them to learn their lesson. Now it is too late. We need a total global currency reset.
Ulued: THEY.......don't want to let another trillion dollar Holiday to pass with out an RV....the UN may get things smoothed out ...alot of countries are desperate
Rojo: ulued Who is they?????????????
Yada: rojo, Believe "they" is the UN and US….the fact that the UN/US have been pushing Iraq to form a government and that wasn't the end of it. The needed them to form so they can go international and that mean a ReIssued dinar. With the value restored, all the countries who did currency swaps and holding dinar, will have the value of their currencies increase because of it.
Yada: and Iraq now has 90 billion in reserves? That is 90 billion in other currencies from around the world. So, increased dinar means greater value with the other currencies and with the greater value with the other currencies, means more value to support the dinar. Feeding off of each other.
9Ball: A little good news: The 2023 gift tax exemption will be 17,000 up 1,000 from this year. The lifetime estate exemption will be 12.92 million up from 12,06.
************
Tishwash: For the first time in the history of the province, the opening of the Toyota agency branch in Kirkuk
The Governor of Kirkuk, Rakan Saeed Al-Jubouri, inaugurated the Toyota agency branch in Kirkuk for the first time in the province's history.
The governor delivered a speech in front of the audience, in which he stressed that the presence of Toyota with its staff, status and symbolism in Kirkuk is evidence that our province has become attractive and developed, and it came as a result of the stability, prosperity and security that it enjoys.. stressing that what the province is witnessing came with the plans of the administration and the one team and the solidarity and cooperation of all the components of Kirkuk
. Sardar said Al-Bibani, President of Toyota Iraq, said that with the opening of the branch today, we will have nine branches in Iraq, and they provide their services. Today, Toyota starts from Kirkuk because of the attractive environment it represents, and we work together towards the use of clean energy nk./
Mot: ... Yet Another - of Lifes Puzzling Moments! ~~~~
Mot: ... the Current Generation has Added - ""the 4th Monkey"" ~~