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The below new posts are in this newsletter
The below posts were in our 11am newsletter
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KTFA Members "News and Views" Sunday Afternoon 7-3-2022
KTFA:
DoTalkToMe: I have been hopeful for this year. Now lowering expectations once again.
They could deliver very easily if they wanted too. This is not that complicated.
Godson: Imo.... You are not alone ESPECIALLY if THE TITANIUM date passed in January... How solid is that for us to hold on to..... Imo
AshleyD: IMO,, so true right you are. Iraq makes it complicated, hopes and expectations need to be moved to the back burner, I did not say thrown in the trash. Just live in the now moment far bigger things may happen before the dinar ever rv's.
Tivon: You all must be forgetting this little nugget. What did Al-Kazemi say to his cabinet? That he wanted at the earliest session to address the issue of reducing the USD rate against the IQD right? So why would we expect anything prior? He said this on June 23rd. Today is July 3rd. We got a heads up on a potential timeline for a change in the rate.
Sunday Afternoon Iraq Economic News Highlights 7-3-2
The rise in the exchange rates of the dollar in Baghdad and Kurdistan
Shafaq News/ The exchange rates of the US dollar rose against the Iraqi dinar on Sunday, on the main stock exchange in the capital, Baghdad, and in the Kurdistan Region.
Shafak News Agency correspondent said that the central Al-Kifah and Al-Harithiya stock exchanges in Baghdad registered this morning 148,300 Iraqi dinars for 100 US dollars. Yesterday, Saturday, prices were 148,150 Iraqi dinars, compared to 100 US dollars.
Iraqi News Sunday AM 7-3-22
TLM724 Administrator BondLady’s Corner
Economist For / Nina /: Increasing Financial Revenues Is Wasted In A Chaotic Manner Without Wise / Expanded Strategies
Saturday 02 July 2022 10:04 | Economic Number of readings: 210
Baghdad / NINA / - The specialist in managing economic crises, Ali Jabbar Al-Fariji, confirmed: "The cash increase in Iraq's revenues is wasted in a chaotic manner without developing wise economic strategies on how to invest it."
Al-Fariji said in a statement to the National Iraqi News Agency / NINA / that "the general indicators that are being circulated indicate a recovery in the volume of cash revenues. This recovery is a result of the rise in oil prices globally and not as a result of smart economic plans or strategies followed by Iraqi governments," noting that: "After The two crises of Covid 19, and the decline in oil prices, the deflation rates in 2020 reached approximately 11.3% and
improved by 1.3% in 2021.
Tidbits From TNT Sunday 7-3-2022
TNT:
Tishwash: Associated with the establishment of the Republic of Iraq .. Al-Kazemi sets the Eid al-Adha holiday
The Prime Minister, Mustafa Al-Kazemi, directed, during the regular twenty-fifth session of the Council of Ministers, to specify the Eid Al-Adha holiday for a whole week.
The General Secretariat of the Council of Ministers stated in a statement that the Eid al-Adha holiday begins on Saturday, corresponding to 9/7/2022, and ends on Thursday, corresponding to 7/14/2022, associated with the establishment of the Republic of Iraq, provided that official working hours in institutions will resume. All government departments, on Sunday, 17/7/2022. link
Tivon, Judy, Pimpy and more Sunday AM 7-3-2022
KTFA:
Tivon: Objectives of the Finance Committee when Studying The Aut Proposal (EFSL) Emergency Food Security Law
1- Conducting an extensive study of the proposed law to ensure the achievement of its objectives in providing food security and supporting the development process in the governorates.
2- Hosting the relevant authorities from the ministries of (Finance - Planning - Oil - Trade - Electricity - Agriculture - Labor and Social Affairs - Water Resources and the governorates) and other relevant authorities.
3- Achieving social justice and directing support to the poor. The Pharmaceutical Council - the Finance Committee
4- Direction not to go towards internal or external borrowing.
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