News, Rumors and Opinions Monday 8-17-2020

TNT:

Tishwash:  A classification that affects salaries and investments ... Positive expectations that Iraq will exit "high risk countries”

The Ministry of Foreign Affairs said that expectations are positive that Iraq will exit the list of high-risk countries this year.

A document issued by the European Commission last May confirmed the inclusion of Iraq, along with other countries, including Yemen, Syria and Iran, in the list of countries that pose a major threat to the Union’s financial system “due to deficiencies in combating money laundering and terrorist financing.

In early July, Iraqi Foreign Minister Fuad Hussein expressed his disappointment with Iraq, “which has made great progress that led to its removal in 2019 from the list of countries suffering from strategic deficiencies,” in a letter to its European counterparts.

But the ministry said later that it had received support from some European countries to remove Iraq from the list of high-risk countries in the field of money laundering.

Earlier, German Foreign Minister Heiko Maas confirmed that efforts would be made to remove Iraq from the list of high-risk countries.

The decision would complicate the issue of loans granted to Iraq through the low ratings by international banking institutions such as the International Monetary Fund, according to experts who confirm the possibility of the absence of a lender to Iraq.

The House of Representatives approved the internal and external borrowing law to fill the fiscal deficit and secure the salaries of employees after the drop in global oil prices.

The decision has other consequences related to European banks not dealing with the Iraqi government, and thus not financing any investments or projects, regardless of interest rates and profits.

Iraq is seeking to get out of the classification established by the European Commission to allow borrowing and secure employee salaries, as well as to attract investments by international companies.

Recently, a spokesman for the Iraqi Ministry of Foreign Affairs said, "Iraq has complied with all conditions and standards set by the International and Financial Working Group."

He indicated in a statement to the official agency today, Monday, that "expectations are very high, that Iraq will be outside the list of high-risk countries before the end of this year."  link

Tishwash:  The prize that Trump awaits from his guest on 20/8

It is certain that the Iraqi prime minister's visit to the United States of America, and his meeting with President Trump U-8/20, is of special importance, and will be an important turning point in determining the future of US-Iraqi relations on the one hand, as well as defining the future of the Al-Kazemi government and his political future on the other hand. .

For my part, I am not optimistic that Al-Kazemi will find the atmosphere of welcoming Sultan Muhammad Al-Fateh in America for many reasons, perhaps the most important of which is the electoral circumstances and the electoral atmosphere that President Trump is going through and his urgent need for who is presented with achievements that support his position in front of his democratic rival Joe Biden more than his need for Those who request assistance from him, especially those parties whose confidence in the US has weakened in their ability to fulfill their obligations

In addition to the fact that the US President is surrounded by a team that seems impatient with Iraq and the possibility of achieving success in it compared to the great successes achieved by the team in the region, especially at the level of normalization of relations with some countries in the region With Israel, knowing that Trump's team is racing before it to prove the strength of their bias towards Israel and their hostility to Iran and their loyalists in Iraq and the region.

And from here I do not think that Trump will find what compels him to be very nice and without the style of arrogance and arrogance in his dealings with the weak of his guests, and so with his visitor coming from Baghdad, where he passed over his term of more than a hundred days and he did not achieve even what indicates To any progress in addressing the most important thing they brought for it.

First of all, he could not even disturb the minds of the impudent and outlawed (militias) and their fugitive weapons, but he lost ten to zero in the first round of his testing match with one of its factions, where he regained the state's prestige by surrounding his palace and the most important headquarters of his security services , And the party did not end with less than his apology and the announcement of his repentance, and Maliki and Al-Amiri mediated in order to accept it.

Secondly, he did not take a single step in limiting Iranian interference in Iraqi internal affairs, as the leader of the revolution in Iran received him the best reception and then directed all of the interested Iraqi parties loyal to Iran to support him and not to disturb him, and we also see that Mr. Zarif was very keen on Saying goodbye to him just before his canceled visit to the Kingdom of Saudi Arabia, Mr. Qaani was no less careful than his Zarifa, as he met him yesterday to read about the women seeking refuge before his planned visit to the Great Satan. And thirdly, Al-Kazemi was unable to weaken the role of the pro-Iranian Shiite political parties in governing the government, after they found in their weakness their waywardness and were able to easily penetrate and control the most important joints of the state structure in an unprecedented way even in previous governments they headed.

At the same time, I do not expect that Mr. Al-Kazemi and his team will have surprises that would compel the American side to reconsider its pre-prepared stance towards the visit based on data and reports of the specialized agencies monitoring and following up his performance during his term in office in Iraq, especially since many centers The American study and decision expected that what Al-Kazemi had in his pocket would not exceed:

1- His attempt to provide justifications that he needed more time to achieve the best.

2- Requesting US financial and economic aid through activating the Strategic Framework Agreement.

3- His request for an agreement on scheduling the withdrawal of US forces from Iraq due to the great pressure on him.

Here, and through many special data, it must also be pointed out that Al-Kazemi will not be satisfied with the role of the postman, as he transmits a number of Iranian messages to the American side, but rather he will try to take the risk of being a mediator as well, presenting the American side his personal ability to provide an opportunity A new agreement with the Iranians inside Iraq with the possibility of developing this to include some of the region as well, and it is the same agreement not signed with the Iranians during President Obama's term, but I do not expect that this offer is the prize that the US President and his team are waiting for at this particular time, and if The Americans wanted that, because their channels with the Iranians were ready and open to length.  link

************

Courtesy of Dinar Guru

David M. Witty   Next round of US-Iraq strategic dialogue to begin evening of 18 AUG in Washington. Iraqi delegation includes PM & Defense, Foreign, Oil, Immigration, Oil & Electricity Ministers. PM Kadhimi to meet with US President on 19 AUG in White House.

Pimpy  ...some of the delegation has already parted ways heading over to Washington ahead of Al-Kazemi's visit...some people are saying that this visit is going to be the reset of the IQD.  Careful with those types of things...It would be nice if they obviously did the rate change but there's no evidence out there that this is gonna happen.  Not that I can find...what I think would be a huge step towards accomplishing our goal is once Al-Kazemi is there we get the Iraqi sovereignty reinstated.  Just having it reinstated of course then they're gonna have to remove the restrictions off the currency.  In order for you to be a sovereign nation you have to have an international currency...

Iraqi Dinar News 08/17/20 - Big things happening

Pimpy’s Investment Chat:  Aug 17, 2020

https://youtu.be/-v2ekvzHCWI?t=3

Currency365

Kadhimi Sends Kurds 320 Billion IQD Before USA Trip

Aug 17, 2020

https://youtu.be/LySJ2PBa828?t=3

Previous
Previous

Thoughts from DJ, Santa Surfing and PIR Monday 8-17-2020

Next
Next

Iraqi News and Highlights Monday AM 8-17-20