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Samson: Việt Nam to take the lead in economic growth in Southeast Asia: Nikkei Asia

26th February, 2021

Việt Nam is predicted to record positive growth this year, especially in the context of US-China trade tensions that may persist in the coming years.

As a leading financial newspaper run by Japanese media giants Nikkei Inc, Nikkei Asia stated that: “Southeast Asia's growth leader in 2021 may well be Việt Nam,” during a recent article detailing ASEAN's GDP forecasts for the year ahead. According to Nikkei, the country recorded economic growth of 2.9 per cent last year due to its success in containing the novel coronavirus (COVID-19), in addition to robust exports of electronics and other consumer products, with the nation reportedly targeting a growth rate of 6.5 per cent this year.

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Samson: Setting a new exchange rate for the Iraqi dinar against the US dollar is part of the economic reform programme adopted by the @IraqiGovt, which aims to address the immediate financial crisis and placing the Iraqi economy on a sustainable path. pic.twitter.com/xOCy8ktaC0— Government of Iraq - (@IraqiGovt) February 26, 2021

MilitiaMan: They will not be going into a market economy with a devalued currency at 1460.. The new exchange rate will need to be applied.. One that is the strongest in the region will do it.. imo.. ~ MM

Setting a new exchange rate is exactly right. It is part of the plan! Has been for years, and it is sure welcomed now.. Let the RATE WINDS BLOW.. lol ~ MM

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DCDriver: I still don't understand why the GOI has any say in the exchange rate. Is not that the sole discretion of the CBI?

DeepWoodz: Imo...The CBI takes cues from the Prime minister and the CoM. Frank has said many times that the CBI and GOI must come together to give birth to the MR. Look at the make up of the Supreme Committee for Reform. Kadhimi, Allawi, Governor of Central Bank

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Iobey777: well, IMO, if you would just go ahead and show them that you are Article 8 and your new rate.. that you have been boasting about, the security issue might decrease and investors might want to rush into your country! You have been telling the citizens of changes that Have Been Made, yet you are still not showing the world or your citizens! Why?

Samson: Hussein: We have high oil coordination with Saudi Arabia and the Gulf, waiting for a case to invest in Iraq

24th February, 2021

Iraqi Foreign Minister, Fuad Hussein said that there is high coordination in oil policy with the Gulf oil countries, especially with Saudi Arabia, whether it is bilateral or within the framework of "OPEC".

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Samson: Goldman raises its forecast for Brent price in the third quarter to $ 75 a barrel

22nd February, 2021

Goldman Commodities Research raised its Brent crude oil price forecast of $ 10 for the second and third quarters of 2021, indicating lower expectations for stocks, higher cost margins for resuming upstream activities and speculative inflows

The American bank expects Brent prices to reach $ 70 a barrel in the second quarter from the $ 60 it had previously expected, and to reach $ 75 in the third quarter from $ 65 previously

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MilitiaMan: Looks like Iraq has been given the GREEN LIGHT!! (See article below) I like the use of the word expressed..

It means to me they have a mechanism that has an expression to it. As in an international way of expressing their mechanism or exchange rate to the world that is in the white paper recently.

They'll need it as it is the CORNER STONE or foundation of the reconstruction effort and the overall country's reforms going forward.. Imo..

Game is about to kick off. imo ~ MM

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Samson: Parliamentary Finance Explains The Reasons For The Delay In Paying Employees' Salaries

21st February, 2021

The Finance Committee clarified, today, Sunday, the reasons for the delay in paying employees' salaries, specifying the party responsible for the delay.

A member of the Finance Committee, Naji Redis, said, "The notice of employee salaries being paid was delayed due to the general conditions that the country is going through from Corona and the comprehensive curfew."

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Samson: The head of a parliamentary committee reveals an upcoming meeting to agree to pass the budget

09:13 - 20/02/2021

The head of the follow-up committee for the government program, Hazem al-Khalidi, revealed, on Saturday, an upcoming meeting between the three presidencies and political leaders to agree on passing the budget.

Al-Khalidi said in a statement to "the information", that "the three presidencies will hold several meetings during the next few hours to agree on the disputed items in the budget," indicating that "the meeting will discuss the crisis between Baghdad and Erbil, pass the budget, the date for its presentation, and what measures have been taken before Parliament after the arrival of the budget”.

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Samson: To the executive branch to the Central Bank of Iraq

17th February, 2021

Proposing the need to amend the exchange rate of the Iraqi dinar towards the US dollar.

1. The devaluation of the national currency of the Iraqi dinar in favor of the US dollar and making the exchange rate of the dinar against the US dollar at 1450 is an unfair, ill-considered and urgent exchange rate, which is against the interest of the Iraqi people and economy, and that the first beneficiaries of that are regional and international countries and Arab and foreign companies and the ruling political elite