News, Rumors and Opinions Thursday 8-6-2020
KTFA:
Samson: Determine the date for Al-Kazimi's visit to the United States
8/06/2020 17:39:23
On the twentieth of this month, Prime Minister Mustafa Al-Kazemi meets with US President Donald Trump in Washington.
The head of the Iraqi advisory council, Farhad Alaeddin, said, "The second round of the strategic dialogue between Iraq and America returns to the table after setting a date for the meeting between Prime Minister Mustafa Al-Kazemi and US President Donald Trump on August 20."
He added, "This tour is of great importance to define the role of the United States and the coalition forces in Iraq. It is expected that a great internal debate will arise from those opposing the dialogue." LINK
Loggerhead: There it is.!!!!!! This should give us a great timeline for RI, wouldn't you think? IMO
Ryan1216: If Kazemi doesn't go back to Iraq and make the announcement to the Iraqi people that the rate has increased after meeting Trump in Washington I don't know what to say. There is no reason not to. Let's see what happens after the 20th and hope we're not let down. IMO
Samson: Report: 8 indicators that Iraq is back on track
6th August, 2020
A report by the "Wall Street Journal" said that Iraq is finally back on the right track, although it is going through an unenviable situation at the present time as a result of the Corona pandemic and the conflict of regional and international wills within its territories.
The report monitored several indicators cited by the American Brookings Institution confirming progress in many ways in the country from 2003 until today.
First: The country's population has increased from about 25 million in the last years of Saddam Hussein’s rule to 40 million today. According to the newspaper, this in itself is neither good nor bad, but it does mean that Iraq is large enough to be an important player in Middle East politics.
Second: The per capita gross domestic product has risen to nearly six thousand dollars compared to less than four thousand two decades ago. The newspaper report indicates that it is certain that there is still great poverty in Iraq, corruption is rampant, and job prospects for Iraqi youth are modest, but nevertheless, there have been positive economic developments.
Third: Oil production has increased from about 2.5 million barrels per day in the last years of Saddam’s rule to about 4.5 million barrels now, and export revenues from oil have tripled on average since 2002.
Fourth: The annual rate of internal displacement has more than halved since the defeat of ISIS. ISIS.
Fifth: Many indicators of the quality of life have improved significantly over the past two decades. Cell phones, which were restricted to the Ba'athist elite, are now everywhere, and the total number of users is roughly equal to the population. The total internet users are now around 10 million.
Sixth: Life expectancy increased from 67 years in 2002 to about 73 years today.
Seventh: The number of modern sanitation facilities has increased, which now reaches more than 40 percent of the population, compared to 32 percent before 2003. More than half of the population has access to safe drinking water as well, although this issue still needs to be done. Greater efforts.
Eighth: The literacy rate at the national level has increased from 74 percent at the turn of the century to 85 percent today.
The Wall Street Journal report concludes that, however, there is still a long way to go for Iraq to achieve the desired political and economic stability, in light of the popular protests that erupted last year, high indicators of corruption and a decline in freedom of the press.
The protests began on the first of last October and lasted for several months, during which hundreds of thousands of Iraqis demanded jobs and services and the departure of the ruling elite, which they said were corrupt. The protests led to the resignation of Prime Minister Adel Abdul Mahdi, who was replaced in May by Mustafa al-Kazemi, the former head of the intelligence service.
Iraq, which relies on oil exports for most of its revenues, has been suffering from corruption and mismanagement for many years and was ranked 161 out of 168 countries in Transparency International’s annual report on corruption for 2015. Iraq is currently ranked 156 out of 180 countries in the global rankings for freedom. The press, published by Reporters Without Borders. LINK
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Samson: Iraq is in a "critical situation" ... 6 billion dollars to fulfill its obligations
A member of the Parliamentary Finance Committee revealed, on Thursday, that Iraq needs $ 6 billion to fulfill its domestic and international obligations, indicating that it is still going through the critical stage.
"Oil was sold at $ 21 and after subtracting the cost, we only get $ 10 of oil," MP Ahmed Hama Rashid told Noun news agency, stating that "after the current oil price increases, the government gets $ 3 billion a month, and in If the border crossings are controlled and managed well, one billion dollars can be obtained from these ports.
Rashid added, "Iraq does not need more than this amount to pay the salaries of employees if it undertakes the process of austerity in state administration," explaining that "through borrowing, it can bridge the investment gap and other service issues."
Rashid stressed that "Iraq is still going through the critical phase until now and needs monthly $ 3 billion to pay the salaries of employees and retirees, but that other issues and duties, including the ration card and international obligations, Iraq needs $ 6 billion to cover these things."
Rashid pointed out that "through loans and other alternatives that until now the government did not turn to, including financing by inflation and adjusting dollar prices, Iraq can go beyond the critical stage."
Iraq suffers from a deficit in its general budget due to the low oil prices, which constitute 90% of this budget, which prompted the government to borrow to pay the salaries of employees and retirement, and to stop investment projects for this year. link
Zeeman: iraq is in serious trouble fiancially. it needs 6 billion a month and takes in only 3 billion. my question is why are they still kicking the can down the road. secondly many articles claim if iraq increases its value it will get help from the international community as well as being able to borrow on the secondary market. its very amusing that not only is irans influence screwing over iraq but both iran and iraq fiancially are going into the tank
Courtesy of Dinar Guru https://www.dinarguru.com/
Frank26 ...everything about the reinstatement of the dinar was done by the United States Treasury. It's all well calculated for the reinstatement of the currency of Iraq at 1 to 1...oh my goodness the timing. They're about to introduce the 100...
Petra ...They are making all the right moves. They are making the right plays. The World Bank, the IMF and the Fab 4 are completely happy with what they're seeing. I'm hoping the go signal has been given...obviously we don't know. That's pure speculation...all this stuff is just lining up...to me with all of this being done we're down to timing...the world is ready. The world needs it. Iraq certainly needs it. The fact that Kazemi is talking about a sovereign state - We're just right there...
Jeff Article: "The Compensation resulting from Iraqs invasion of Kuwait amounted to 177 billion dollars" This article further confers that as of this year they will be satisfying all their financial obligation and war reparations to the country of Kuwait...
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Iraqi Dinar News 08/06/20 - looking real good
Pimpy’s Investment Chat:
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