KTFA (Frank26 & Walkingstick & Delta)

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Walkingstick: Agreement on the opening of the branch of the Central Bank in Nineveh
Mosul / Sunrise Maher

Said the governor of Nineveh Nofal Sultan Akub, on Monday, near the opening of the Iraqi Central Bank branch in the city of Mosul, after an absence of three factors, while detecting the opening of the oldest and largest arena in central Mosul.

Al-Aakoub said in a statement to Al-Sabah that he had received a delegation headed by the Chancellor of the Central Bank, and discussed with him the direct opening of the bank’s branch in Mosul in the next few days, noting that “the city opened more than a building for Rafidain and Rashid, , And are waiting for the opening of the branch building of the Central Bank of Iraq. ”

On the other hand, announced the governor of Nineveh, on Monday, the opening of the oldest and largest square in the center of Mosul.

The governor said in an interview with Al-Sabah: “The staff working in the Municipalities Department has completed the reconstruction and rehabilitation of the oldest and largest courtyard (brick door) in the center of the city of Mosul.

http://www.alsabaah.iq/ArticleShow.aspx?ID=160932

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Monday Night KTFA CC 7-30-18 (Frank26)

The first part is business Promo and the second part is Dinar/Iraq Intel

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AUDIO REPLAY

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DELTA:  EU lifts sanctions on Iraqi companies   https://www.iraqakhbar.com/1283648

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Walkingstick: Opening of more than 1000 street in the capital

Baghdad, the morning

of the Baghdad Operations Command, on Monday, the opening of more than 1000 streets in both sides of Karkh and Rusafa, while the Center for Security Media, lifting the insignificant controls in the capital Baghdad and the provinces.

“We opened more than 1,000 streets in Karkh and Rusafa,” Baghdad Operations Chief Lieutenant General Jalil al-Rubaie said in a press statement. “The number of closed streets in Baghdad was very high due to the security situation at the time, which required some measures to be applied on the ground To protect citizens.

Al-Rubaie added: “We have raised by 30 control and more than 90 or 95 stationed on the side of Rusafa, and also raised more than 30 or 40 control and more than 150 stationed on the side of Karkh,” explaining that “the security situation in Baghdad has become stable”

In the same context, the Security Information Center announced the lifting of non-important controls in the capital Baghdad and the provinces, stressing the intensification of the intelligence effort after the victory achieved on the gangs of terrorist advocates.

http://www.alsabaah.iq/ArticleShow.aspx?ID=160939

Boxman:  Improved security…great find…

Don961:  Iraq remains in the international credit rating “b”. The risk of repayment of foreign currency debt is high

Posted 25 minutes ago

Fitch Ratings International said on Monday it kept its rating of Iraq unchanged at B with a stable outlook.

Fitch said in a statement that it had confirmed its long-term risk rating for foreign currency debt default at ” B “, which means high risk.

The classification of Iraq was constrained by weak governance, high political risk and the uncooperative banking sector.

The Iraqi economy and its banking sector face risks associated with the political and security tensions that have plagued the country since 2003.

Fitch said that Iraq still faces political risks and insecurity among the highest levels faced by any sovereign body classified by the institution.

“This reflects not only political instability, but corruption and inefficiency of the government and weak institutions,” he added.

However, most of the oil production facilities and export infrastructure are located far from the areas that have the highest security risks, according to Fitch.

Iraq, the world’s second-largest oil exporter, relies on oil revenues to finance up to 90 percent of state spending.

Fitch added that high oil prices helped to reduce the budget deficit significantly last year, with the deficit shrinking to 2.3 percent of GDP from 13.9 percent in 2016, while the government will earn oil revenues than much larger was assumed in the budget for 2018    Link

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Don961:  A new catastrophic collapse .. The dollar equals 112 thousand Iranian riyals!

2018/7/29 04:46:04 PM

Iran’s economy is on the verge of collapse as the riyal, which reached a new record high on Sunday, continued to hit a new record as the Iranians prepared for August 7 when the United States re-imposed a first round of economic sanctions.

The Iranian riyal fell to 112,000 against the dollar from 98,000 against the dollar on Saturday, while the exchange rate set by the government was 44070 riyals per dollar, compared to 35186 on January 1.

The riyal has lost about half of its value since April 2018, given the weak economy and financial difficulties in local banks, and the heavy demand for the dollar among Iranians, who fear the impact of new US sanctions.

In May, the United States withdrew from the 2015 agreement between world powers and Iran, which lifted sanctions against Tehran in return for curbing its nuclear program.

Washington has decided to re-impose sanctions, accusing Tehran of posing a security threat, and has told states that all imports of Iranian oil should be stopped as of November 4, or face US financial measures.

US President Donald Trump described the nuclear deal with Iran as one of the worst in the world, but in an effort to save it, European partners are preparing a package of economic measures to balance the US withdrawal.

But earlier this month, France said it was unlikely European powers could set up an economic package for Iran to save the nuclear deal before November.

The Iranian people are suffering from a sharp deterioration in the standard of living at a time when the regime is wasting public funds on funding sectarian militias in the region, sparking a wave of protests that have continued since last December amid signs of escalating as the economic meltdown continues.