News, Rumors and Opinions Friday 9-4-2020

TNT:

Tishwash:  Economic expert: Iraq needs a systematic and objective planning for its economy during the coming period

The French president’s visit to Baghdad is very important if Iraq can succeed in economic cooperation and not conclude an economic agreement.

 Al-Hamashi added that Iraq had previously concluded a good number of agreements with countries and companies, and none of them had succeeded.
 
He explained: The government needs objective and systematic planning to determine its needs, and France has the experience, indicating that the Al-Kazemi government must agree to draw up an economic policy for the country and within specific time frames for its success.   link

Harambe:  Bloomberg: Specter of Currency War Re-Emerges With Central Bank Skirmishes

Growing unease among global central banks about the slumping U.S. dollar has ignited speculation that a fresh currency war might be on the horizon.

European Central Bank official Philip Lane this week fired a warning shot, explicitly drawing attention to the exchange rate as the euro topped $1.20 for the first time in two years. Reserve Bank of New Zealand boss Adrian Orr was more circumspect about exchange rates, but nevertheless signaled he would ease monetary policy as necessary to stimulate growth. And other central banks from the U.K. to Japan also appear willing to loosen the spigots.

“A new ‘currency war’ may not be at hand just yet, but the subtle pushback seen from major central banks is noteworthy,” said Ben Emons, managing director at Medley Global Advisors. “When the U.S. dollar is on the move, there comes a point where central banks will react because a substantially weaker or stronger dollar has implications for global monetary policy.”

The slide in the dollar is adding to growth and disinflation concerns for economies outside the U.S. at a time when the world is already struggling with the fallout from the coronavirus pandemic. The greenback has fallen more than 10% from its March peak, based on a Bloomberg gauge of the currency, although it has recovered some ground this week in light of central bank comments.

Read Full Post Here: https://www.bloomberg.com/news/articles/2020-09-03/specter-of-currency​-war-re-emerges-with-central-bank-skirmishes

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KTFA:

Don961:  Will Iraq be the economic heart of the Middle East?   link  

DELTA:  NOT WITH 1190...........(ROTFL)

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Courtesy of Dinar Guru    https://www.dinarguru.com/

RVAlready  The QFS will prevent the theft of huge amounts of money, which was stolen in the past under swift. It also provides a fair and level playing field for all countries to operate.

Frank26  ...the GCC wants Iraq IQD in the currency basket of the Middle East in the near future, then they want them to go 1 to 1 with the American dollar like all the other GCC currencies that are in this Arabic basket.  Iraq is the only Arabic country that is not in the GCC.  Trump wants them to join so it becomes 1 to 1 but also when they join Iraq will lessen their necessity on Iran's needs. They will work more with GCC countries...if Iraq joins the GCC and if they utilize their own currency with a peg to the U.S. dollar, well then there's your reinstatement...

Pimpy   Article:  "Iraq: Al Kazemi prevents militia flags and religious banners from being raised over government buildings"   Basically the whole article is saying the only flag you're allowed to wave in our country is our country's flag.  Period.  Iraq flag.  Because they want to be a united country...Al-Kazemi is lowering the boom down...forget all these separations of people...Kazemi is saying enough.  We are one country.  We are one people.  We are one nation.  Period.  I love this move.  I know it sounds minor but to me it's big.  It sends a clear message that they are united and that's what the world is looking for...

Vietnam Dong News 09/03/20

Pimpy’s Investment Chat:  Sep 3, 2020

https://youtu.be/UwsGqoEXf8c?t=4