JList: WOW, this seems like another subtle announcement that the dinar value is now international …. another BIG news article.
DELTA: THANK YOU SAMSON….HUGE ONE ..THIS YEAR THEY WILL LAUNCH INVESTMENT PORTFOLIO IN IRAQI DINARS BELONGS TO IRAQI GOV ….. IT WILL BE LISTED THROUGH ONE OF THE FINANCIAL BANK AT DUBAI STOCK EXCHANGE….SELLING DINARS INTERNATIONALLY
CSHessman: At a program rate… i’m thinking … NOT!
Goldenbear: How is this possible?
DELTA: preparing to launch…..
Samson: Homs Roodao: Iraqi Trade Bank is preparing to launch the project “investment portfolio”
27th March, 2019 DELTA – VIDEO ON LINK (7 mins long)
The head of the Iraqi Trade Bank, Faisal Al-Hims, said Tuesday that the Iraqi Trade Bank is preparing to take part in the Iraqi-German Business Forum, which opened on Monday in the German capital of Berlin in the presence of several government figures, businessmen and investors. To launch the project “investment portfolio” bonds Republic of Iraq.
“The Iraqi Trade Bank has received five awards for various services in 2018, one of which was honored by the Central Bank of Iraq as the best bank to provide localization services to state employees,” said Homs, in a statement to a reporter for the Rudowo Media Network in Germany. (Global Financials) and (Emma Finals) was the result of the Bank to provide international trade services between Iraq and various countries of the world, in addition to the award of the best commercial bank and investment.
He added, “We are scheduled to launch during this year the investment portfolio project, which is the dinars, which enhance investment opportunities with bonds of the Republic of Iraq and have a good return and was coordinated with one of the investment banks.”
Noting that “this project will be more open to companies because the minimum investment volume will be 150 thousand dollars and the citizen wishing to invest to prove his ability to bear the entry of this investment.”
“The bank is committed to all local and international compliance regulations and requirements, and on the basis of which we make sure that our transactions are among the exceptions that Iraq has received,” he said.
Pointing out that “the bank is open to finance all projects that will be useful to the country, and has already funded cement factories, hospitals and others and we continue on this approach.” LINK
Don961: Disclosure of the Special Mission of the Secretary General of the World Customs Organization in Iraq
Editorial date: 2019/3/25 19:52
The Secretary General of the World Customs Organization (WCO) Kuneo Mekuria, who is visiting Iraq on a special mission aimed at developing joint cooperation between the Organization and the Iraqi government in the field of customs work and protection of cultural heritage in the first visit of its kind.
“The Director General of the Authority was in the reception of Micoria on Monday, and a meeting was held in the presence of the heads of the departments concerned with the import operations represented by the Director General of the General Company for Exhibitions and Trade Services of Iraq and the Director General of the Standardization Department and Director General And the Director of the Customs Research Unit Thomas Kantis. ”
He added that “the visit of Micuria for the period from 24 to 26 March 2019 comes within the framework of providing political and international support for Iraqi customs and harnessing the expertise and capabilities of the Organization to develop and reform the customs system in Iraq and raise it to the level of international standards.”
“The Secretary-General of the Organization briefed the outputs of the diagnostic visit carried out by a number of experts to the customs centers, during which they briefed on the progress of work, and held several workshops, which identified the needs for the advancement of customs and will submit Micoria final report on the Iraqi government.
The World Customs Organization (WCO) has a membership of 183 countries and is responsible for setting standards and customs manuals and providing support to customs administrations to enable them to adopt best customs practices. link
Samson: Rome hosts an economic conference on Iraq
27th March, 2019
Today, an economic conference will be held in the Italian capital of Rome, which will discuss the most important investment axes in Iraq, especially in the areas of reconstruction, construction and infrastructure. The meeting will be attended by Chairman of the Investment Authority Sami Araji and Undersecretary of Commerce Haitham Al-Khashali as well as representatives of the Ministries of Transport, Industry and Oil
“The conference will be held under the auspices of the Federation of Italian Industrialists, which includes 1500 of the largest investment companies and in the presence of a distinguished Iraqi includes the government side and the Iraqi National Construction Council”, said the ambassador to Italy, Ahmed Bamrani said in a press statement quoted by the newspaper
The conference will witness the participation of the Iraqi Businessmen Union, the Iraqi Contractors Union, the International Federation of Businessmen, the Iraqi Economic Community, the Iraqi Economic Council, the Center for Development, Investment and Reconstruction, the Federation of Iraqi Industries and the Federation of Chambers of Commerce.
On all investment laws in Iraq and will include extensive discussions on the participation of Italian companies in reconstruction and investment in Iraq, “noting that the conference will continue for two days LINK
Samson: Arab researchers: Iraqis are rich .. Money circulating in the markets more than 80 billion dollars
25th March, 2019
Iraq is a rich country in history. It is an oil giant. It is the second producer in OPEC after Saudi Arabia. Its production exceeded 4.5 million barrels per day. Its estimated reserves are estimated at 150 billion barrels. It is the third largest reserve in the world after Saudi Arabia and Iran. For investment, and attractive to investors. The past years have confirmed the ability of Iraqis to adapt to security and political developments.
But Iraq’s financial, economic and social situation has deteriorated with the waste of public money, the occupation of large areas, the exploitation of its resources, the displacement of large numbers of people, the flight of money abroad and the widespread corruption of various state institutions. Economy.
The government of Baghdad has to agree to tough conditions imposed by the International Monetary Fund in exchange for foreign loans. It is undergoing a period of testing for its commitment to implementing reform measures: issuing a financial management law, restricting the Ministry of Finance to new foundations, subjecting external and internal debts to scrutiny, Introducing the Integrity Commission as an active party in the independent monitoring of expenditure, adopting the United Nations Anti-Corruption Act, amending the Central Bank Law, preventing currency smuggling, combating money laundering and financing of terrorism.
Although the state is “rich” in its oil, it is a “city” due to its financial deficit and need for transparency. Prime Minister Adel Abdul Mahdi recently approved the formation of the Supreme Council for Combating Corruption, as well as the House of Representatives, which is under strong political pressure to issue an amnesty law About the corrupt and not punished, and the failure to recover the lost funds that contributed to the emergence of the new rich who took advantage of public money and fled their money out of the country.
IMF experts have not been surprised by the transformation of Iraq from a country with a large surplus of liquidity into a country with a financial and accumulative deficit that owes to international financial institutions and oil companies. But the most surprising surprise that experts have stopped is the problem of poverty that pervades various regions and includes more than seven million Of the population, close to a quarter of the population, that there are four poor people among every ten displaced persons, and that the per capita share of the gross product has fallen from $ 7,000 to $ 4,000 a year.
Poverty rates vary from region to region, in Anbar 41 percent, in Baghdad 13 percent, in Kurdistan not more than 5.12 percent. In the face of the public sector deficit, the government is currently pursuing a strategy to develop the private sector to address this problem. The Ministry of Planning, in partnership with the World Bank, the World Food Program and UNICEF, is developing a national strategy for poverty alleviation aimed at improving the incomes of the poor, health, housing and social welfare, but faces several challenges, requiring political will and the participation of the House of Representatives and local governments. to me International organizations, to support the private sector.
With the knowledge that the Iraqi people are rich in turn, as the cash circulation in the markets more than $ 80 billion, but it seems that the weakness of the citizen’s confidence in the ability of his country to invest “transparent” successful and profitable, precludes it, even that the confidence of Iraqi citizens is also weak in the banking sector , Noting that 77 percent of the cash mass, stored in the owners rather than the banks, which requires attention to address the causes and consequences of this reality, which limits the activity of the banking sector, being the financial arm of the Iraqi economy. LINK