KTFA (Frank26)

Frank26: KTFA KONA ……………….. HANNITY ANNOUNCED (Tuesday Night) ON TV THAT PRESIDENT TRUMP WILL MEET ABADI IN BRUSSELS.

ABADI HAS A SPEECH ON IRAQ AND TERRORISM.

IMO ……….. BAGHDAD IS TOO VOLATILE FOR T TO GO THERE JUST YET.  

SMILE AND ……………. SWEET ALOHA.

StephenMac63:  President Trump Arrival in Brussells

sidenote: Look at how thick the door is at the 10:36 mark

Samson:  TAIWAN, IRAQI SIGN MOU TO PROMOTE TRADE EXCHANGES

11th July, 2018

Taiwan External Trade Development Council (TAITRA), the country’s foremost nonprofit trade promotion organization, signed a Memorandum of Understanding (MOU) with the State Company for Iraqi Fair and Commercial Services in Taipei on Tuesday to promote economic and trade exchanges between the two countries.

The MOU was signed by TAITRA President and CEO Walter Yeh (葉明水) and Hashim Mohammed Hatem al-Sudani, chairman of the Iraqi company. Yeh said that TAITRA plans a series of promotional activities this year to explore the market in the Middle East and help local enterprises cooperate with economic and trade associations in the area.

Highlighting Iraqi’s abundant crude oil reserves, political stability and growing economy, al-Sudani said that Taiwanese businesses are welcome to invest and do business in the Middle Eastern country. He also used the opportunity to discuss economic, trade and business opportunities available in Iraq.

Iraq has undertaken several major infrastructure projects over the past few years, including information and computer technology, electricity power systems, transportation, building construction, machinery, and is making progress after decades of war and instability, according to al-Sudani.

An international conference on the reconstruction of the country, which took place Feb. 12-14, drew participants from 76 countries as well as regional and international organizations, 51 development funds and financial institutions, and 107 local, regional and international nongovernmental organizations, as well as 1,850 private sector representatives, al-Sudani said. Iraq has said it needs US$88.2 billion for reconstruction and related projects are expected to provide numerous business opportunities, he added.      LINK

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Samson:  What are the most stable currencies in the world ?

11th July, 2018

The most stable currency in the world, at a time when trade tensions are worrying investors and driving them to invest in safe havens, Bloomberg said in a report published today

The dollar, the Japanese yen, the Swiss franc and the US dollar are the safest and most stable currencies in the world in the event of a global economic crisis, the agency said in the report, which was based on the analysis of financial group JPMorgan

In the world, three major currencies out of four are reliable during the recession, currencies of countries with strong positions in foreign markets, “JPMorgan said

In terms of trading, the US dollar rose Wednesday to a six-month high against the Japanese yen, rising 0.5% to 111.35 yen

The dollar index, which measures the performance of the greenback versus a basket of major currencies, has not changed significantly after rising by 0.4% in morning trade, reaching 94.475 points during today’s peak   LINK

Samson:  The Central Bank of Iran “surrenders” to the collapse of the currency

11th July, 2018

Iran’s central bank found no choice but to open a secondary hard currency market on Tuesday, retreating from a three-month effort to impose a single exchange rate against the dollar after falling to record highs.

The new market will meet the need for small importers and exporters from the private sector, according to the Iranian news agencies Tasnim and Fars.

A central bank official said the secondary market “will allow exchange rates to rise and fall freely.”

“The price of foreign exchange will be determined based on supply and demand,” the official IRNA news agency quoted Mehdi Kasraibor, director of the foreign exchange rules and policies department of the central bank, as saying on Tuesday.

The authorities announced in early April that they are working to unify the official market prices and the free market for the riyal in order to reach a price set by the Central Bank, and warned that those who will trade the dollar at different prices “will face arrest.”

The Iranian action was aimed at stopping the fall of the riyal, which has fallen to record lows against the dollar. The fall in the riyal was boosted by US President Donald Trump’s decision to withdraw from an agreement signed by Iran with international powers in 2015 over its nuclear program.

Some US sanctions on the Iranian economy are expected to be re-imposed in August, as well as another set of sanctions in November. This has led Iranians to turn their savings into dollars.

The common price system failed to stabilize the riyal. In late June, the Iranian currency plunged to a record high of about 90,000 rials to the dollar on the black market. The currency was around 80,000 riyals on Tuesday, compared to 43,000 at the end of 2017.

The secondary market was launched Tuesday, but Kasraibor did not elaborate on how it would work, or whether the government would intervene if the riyal fell sharply.   LINK