ChrisC: I am listening to the call now and thinking if they haven’t started educating the citizens about the new small notes yet, how long is that going to take? Sometimes intel is wrong and sometimes it comes in and makes you alter your assessment of what you previously received, but I am thinking back to I team (I think I am remembering this right) standing in line to vote back in May and there were billboards of the new currency that they were seeing.
What currency denominations were these? Do the people know they are going to be revalued? Logic would say yes and the second article is just a final statement from the CBI of timing and instructions.
They went to a lot of trouble and put the people through a lot of hardship removing the 1000, 500 and 250 out of the market just so, apparently, the people wouldn’t be confused with the new design. Do they really have that big of a problem understanding things?
I remember when the new 100 bill came out here. It was a little of a surprise to see it but in a few days it was no big deal. I fully expect this to happen soon.
It is absurd to think Iraq will not have a strong international currency, but it is just making me pause this morning to think of how much leg work they have apparently done for such a little change and what is going to be required for a comparatively HUGE change.
Frank26: WHY? ………………… BECAUSE THIS RD …………… IT MUST NOT FAIL WITHIN THE CITIZENS !!! ……………. THE LAST STOP OF THE MR BRINGING FORTH THE RI / RV.
Walkingstick: Unknown, could be a matter of days and or weeks… All, dependent on the Iraqis themselves.. their understanding and acceptance of the currency reform, and their government… The notes, displayed .. currency that is currently in circulation…
Visual aids of their (Financial inclusion) program, a means to draw Iraqis into the banks to open accounts. Yes, the majority are well aware of what’s to come, but.. keep in mind… the illiteracy rate, of roughly 45+ % and the people/s residing in rural areas, which is estimated at 30+ % for the female population alone..etc: Plus, roughly 70% (age group) of the population did not exist when Iraq had an internationally accepted currency, lower denominated notes and fils …
Education, is everything! Agreed, they will once again have a very strong international currency… And, they have done a lot of leg work.. many years, worth.. and, it continues … Much of, which .. has never been put to print…Regards…..
Hammy14: Chris, I don’t think it’s a problem with the Iraqi citizens per se, I just think that the CBI has a date set when they plan to release the smalls, along with the new rate, and we just simply haven’t gotten there yet. It appears they are slow walking this process to feed the citizens bit by bit to insure understanding, as they stretch the process out leading up to the desired date of release. A prime example of this is well defined in the Turkmenistan model, and Iraq seems to be following that road map very closely, IMO.
Abrams41: Maybe most of you missed Rockcharlie’s Post 73/Page 4 on yesterday’s thread. IRS allows us to invest the Capital Gains Tax. It will allow us to do more for people
Treasury releases proposed regulations on opportunity zones designated to incentivize investment in American communities
Frank26: HMMM ………….. FASCINATING INDEED. SAW THIS LAST NIGHT BUT DID NOT TALK OF IT …………… YET. IMO …………… THE TIMING OF THIS RELEASE IS IMPECCABLE.
Samson: Pleased Barzani: The application of Article 140 is the key to resolving the outstanding problems between Erbil and Baghdad
23rd October, 2018
The adviser to the Security Council of the Kurdistan Region pleased Barzani, on Tuesday, that the application of Article 140 is the key to resolving the outstanding problems between Erbil and Baghdad, stressing that “there must be genuine participation of the Kurdistan Region in political decisions, military and security.”
“A statement by the Information Office of the adviser to the Security Council of the Kurdistan Region, that” pleased Barzani received on Tuesday, Ambassador of the European Union to Iraq Ramo Blackwa. ”
The statement said, “During the meeting discussed the formation of the next Iraqi government, and political and military developments in the region, in addition to the study of relations between the Kurdistan Region and the European Union, and the recent elections that took place in the region.”
He stressed that Barzani, according to the statement, to “support the steps taken by Adel Abdul Mahdi, and the continuation of dialogue for the balanced participation by the main components of Iraq,” stressing that “the Kurdistan Region must be a real participation in political decisions, military and security.”
The adviser of the Security Council of the Kurdistan Region, during the meeting, according to the statement, “the role of the Constitution in resolving the problems and differences existing, especially in the Kurdistan regions that are outside the administration of the region or the so-called” disputed, “noting that” the application of Article 140 of the Constitution Is the key to resolving the outstanding problems between Erbil and Baghdad, “adding that” this solution may be a starting point to resolve the remaining outstanding issues such as the oil and gas law and the budget of the Peshmerga.”
Pointing out “the efforts of the European Union to help the Kurdistan Region, and that the Union is constantly looking to help the Kurdistan Region in the reform and organization of military and security force. LINK
Samson: Abdul Mahdi formally presents his government in Wednesday’s session
23rd October, 2018
The official television, Tuesday, October 23, 2018, that the Prime Minister-designate Adel Abdul-Mahdi will formally introduce his government in the House of Representatives on Wednesday.
“Prime Minister-designate Adel Abdul-Mahdi will formally present his government to the House of Representatives at its meeting to be held on Wednesday at 6 pm,” the television said in a news release
The media office of Iraqi Prime Minister-designate Adel Abdul-Mahdi announced on October 17, 2018, that he intends to present his cabinet to parliament this week LINK
Samson: United Nations: Transfer of $ 90 million to Kuwait as compensation for the Iraqi invasion
23rd October, 2018
The United Nations Compensation Commission on Tuesday announced the transfer of $ 90 million to Kuwait because of its invasion in 1990 as a result of Saddam Hussein’s decision.
In a statement to Mawazine News, the committee said it had transferred $ 90 million to the Government of Kuwait within the framework of the only remaining claim for category E compensation for losses and damage suffered by individuals, companies, governments and international organizations as a direct result of Iraq’s invasion and occupation Kuwait, “explaining that “it will be paid from the total compensation for all categories up to 48 billion dollars, leaving only 4.4 billion dollars remaining for this claim the only remaining Kuwaiti.”
The Commission added that “the claims for compensation was paid from 5% of Iraqi oil sales, which was reduced to 0.5% on the decision of the Board of the Committee to take into account the circumstances of Iraq’s economic in 2017,” noting that ” Will escalate in subsequent years until compensation is paid in full.”
The UN Security Council approved the formation of the commission in 1991, the year in which the US-led coalition forces pushed Saddam Hussein’s forces out of Kuwait. LINK
Samson: Our correspondent reveals the details of the activities of the third day of the visit of the Arab Monetary Fund to Iraq
23rd October, 2018
The correspondent of the “economy News”, said that the Arab Monetary Fund and the World Bank began to hold meetings with financial institutions, government and private within the activities of the third day of the Fund’s visit to Iraq
He said that “the next meetings will be the share of the banker of Iraq and Iraq, the Islamic national Ahliin
The meeting will discuss ways to develop the banking sector in Iraq and how to provide the best banking services to customers
A delegation from the Arab Monetary Fund (AMF) arrived last Saturday under the chairmanship of the Saudi President, Abdul Rahman Al-Humaidi, in Baghdad to promote the concepts of financial inclusion in Iraq and discuss ways of developing it with the concerned parties LINK