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Thursday, March 30, 2017

"This Baby is Born" - Thurs. PM KTFA News Discussion w/ Frank26

KTFA

Frank26 » March 30th, 2017


As we SHARED .............Via basic Economics.

When a Nation Uses and Trades in it's OWN Currency it automatically adds Value and Confidence (Trust) in it. Yes this Baby is Born .......... But it is in it's infancy .......... Soon to walk to a run .......... Quickly. The whole article gives me chilly bumps ............ i got Chicken Skin !!! ...


IRAQ’S CURRENT ECONOMIC OUTLOOK AND HOW IT CAN AFFECT DINAR VALUE

30th March, 2017

After years of economic neglect, poverty for the common man and turmoil in the region, Iraq has finally reached a state of constant economic growth under the democratic leadership in the aftermath of the US invasion in 2003 and the overthrowing of Saddam Hussein’s tyrannical regime.

Iraq’s Economy is Rising

The main driving force behind Iraq’s economic growth is the wealth of natural resources reflected in a large number of oil and gas fields which are now open to international trade. Companies from around the world are investing into the development of these resources, which is reflected in the country’s ever-increasing oil exports. It seems that Iraq has completely recovered from the damage and downfall it suffered under the rule of Saddam Hussein.

An even greater exploration of Iraq’s oil reserves by international companies will lead to an even bigger tally of the country’s oil wealth, along with its already-known, vast reserves. In addition to all that wealth, Iraq seems to be blessed with geological formations that are perfectly accessible for drilling as opposed to most countries, which significantly brings down the costs of oil extraction.

The most obvious example of Iraq’s production advantages can be seen in the most recent Saudi Arabian oil production war which was designed to bankrupt the US shale-oil producers. And while oil producers in the US have been severely impacted by the overproduction “attack” from Saudi Arabia, Iraq still continues to produce and sell oil profitably.

What does this mean for the Iraqi Dinar?

The value of a nation’s economy, as well as its currency, is directly reflected in its natural resources, and Iraq’s oil reserves are big enough to drive its young democratic economy to prosperity. Given the fact that there is an insatiable need for gas and oil across the world, Iraq is can look forward to constant growth in its ever-growing role of the oil supplier to the world.

Although Iraq is not there yet, it is becoming increasingly obvious that the country will take on the role of a regional and international energy super-power given its natural reserves in the near future. In fact, just recently the country’s Minister of Oil stated that Iraq will be able to produce 5 million barrels of oil a day in the second half of 2017.

With the economic boom led by Iraq’s oil industry, the national currency in the form of the Dinar will eventually rise to reflect the true value of the country’s oil wealth. The rise will most likely happen when the National Bank of Iraq lifts the artificially low value placed on the nation’s currency in 2003.

Additionally, current political events play a key role in predicting the future of any given currency, and the controversial “Muslim ban” instituted by Donald Trump could have had major consequences for the Iraqi economy, had it not been lifted on March 6th this year. This new order to exempt Iraq from the list of banned countries has proven to be very beneficial for the country’s currency with foreign currency investors being able to exchange Iraqi dinar at favorable rates, keeping the country a valuable asset in the foreign exchange market.

All in all, it seems that the Iraqi dinar is looking at a bright future.

In the end, it is important to note that Iraq presents a wealth of investment opportunities in many industries, with the economic rise being driven by oil and gas reserves. These opportunities will become even more apparent in the following years, as the newly-established government continues to offer new possibilities to international investors.

http://iraqdailyjournal.com/story-z15042637

Tim » March 30th, 2017

May i ask you a question teacher? how confident are you that they will pass the hcl art.140 on the 4th? i ask this question because imo this is imperative to our investment coming into reality. would you not agree? the hcl and art 140 is and has been a hurdle to get over from the get go. wouldnt you say sir that this vote on the 4th is very vital to this coming into fruitation?

Family, we all need to pray on this. we need all of iraq to be united, and this vote imo will make it or break it. once again in my opinion. great call last night teacher, next few days are going to be a nail biter for sure. have a blessed day

Frank26 » March 30th, 2017

When You ask don't i agree ............... i in return ask You ............. Didn't i TEACH You this? Your post is an echo of my CCs.

How confident? Enough...................(smile)


Cole » March 30th, 2017

Sounds like we've got some big expectations for the 4th Frankie...

Frank26 » March 30th, 2017

IMO ............. You will not on the 4th ................. But You will after the 4th.

2Cents » March 30th, 2017

Frankie Frankie With Parliament meeting today and adjourning to Monday and implying they will take their normal "weekend" to iron out any last issues on the Federal Court Act and reconvene the following week as per their usual schedule, will Tuesday 4/04 be an "emergency session" and when do you and teams expect this will be announced????....

Frank26 » March 30th, 2017

They will return on the 4th. IMO ............. In April

Frank26 » March 30th, 2017

TA DA FREAKEN DA !!! !!! !!!

Samson » March 30th, 2017

Infallible, commenting on the flag of the province in Kirkuk: must apply Article 140

2017/3/30 12:14

President of the Republic, Fuad Masum, stressed the need to apply the Constitution in the application of Article 140 disputed areas including Kirkuk province.

President infallible and called in unhampered on the flag of the Kurdistan region in Kirkuk because of a presidential statement received by all of Iraq [where], a copy of which "all parties concerned in the province of Kirkuk , the primacy of the language of dialogue and understanding fraternal in each other , which was teased appreciated by all the national and international levels to put it for the high sense of responsibility at all levels and to ensure community building coexistence, adding contacts and thoroughly conducted in this direction."

And infallible called "concerned parties , all to adhere to the principles of the Constitution, stressed the need for the application of Article 140 thereof concerning the future of Kirkuk and the rest of the disputed areas, which previous federal governments have neglected their application since 2005" and urged " the federal government to start the application of Article 140 and to full duties in this regard as stated in the Constitution. "

The President of the Republic stressed that "political forces assume their responsibilities in protecting the higher national interests, stressed the importance of taking into account the priority of all the territory of the country 's liberation from the Conception of terrorism."

The Kirkuk provincial council voted on Tuesday, a majority to approve the request of the governor of Kirkuk ,Najm al- Din Karim raise the flag of the Kurdistan region in conservative circles central province council members of Arabs and Turkmen.

http://www.alliraqnews.com/modules/news/article.php?storyid=60173

Cleitus » March 30th, 2017

As Frank would say, TA DA..., FREAK'IN, DA!!! Hey Frank is it time to dance yet?

Frank26 » March 30th, 2017

IMO ............ YUP !!! .........i dance to a new Speed .........

Frank26 » March 30th, 2017

When they TALK to YOU about something ...................... What does it mean........... To us? PS ........... Where is the UN today?

Jay » March 30th, 2017

It means it already happened. And as per Abadi's tweet, they are in Iraq.

Samson » March 30th, 2017

UN Secretary General arrives in Iraq

2017/3/30 9:31

Secretary - General of the United Nations Antonio Guterres arrived on Thursday morning, to Iraq for the humanitarian situation of civilians on the ground.

The Guterres participated yesterday the meeting of the Arab summit held in Jordan also visited a camp for displaced people there.

http://www.alliraqnews.com/modules/news/article.php?storyid=60164

Frank26 » March 30th, 2017

"Used by INTERNATIONAL BANKS ............. "

i bet You this was NOT a class on Program Rate 101. Do they know the date? .......... No ........... But they prepare for it don't they ??? !!!


Samson » March 30th, 2017

Association of private banks succeed train 521 bank during the first quarter

03/30/2017 - 11:22

Announced the Association of private banks, it has developed expertise of 521 employees in private and government banks during the first quarter of this year through eight training courses stay in the capital Baghdad.

The Association of private banks in a press release, "The Association is keen to develop the banking sector and to strengthen the capacity of workers in it, especially in the field of combating money laundering and terrorism", adding that "the Association of private banks succeeded in the first quarter of this year, the establishment of eight training courses for workers in the banking sector concerning the protection of customers and staff awareness in the construction of the role of banks and stimulate the economy as well as anti-money laundering and the financing of terrorism and risk management. "

She noted that "the eight sessions held in cooperation with an international company managed through the training of 521 employees in private and government banks and that the coming days will witness the establishment of several training courses for bankers, which will be reflected positively on the banking sector," indicating that "private banks are very keen on training working on the latest technology used by international banks in order to provide better services to citizens and enhance confidence in banks. "

He noted that "the Association of Banks will continue its activities to promote and enhance the skills of workers in the banking sector through contract agreements with international companies.

http://economy-news.net/content.php?id=7021

Kloebe » March 30th, 2017

IMO...this article speaks volumes about "READINESS" and "INTERNATIONALISM". Banks are not going to train their employees on the basics just because. There is a reason and purpose for everything. This is a great thing!

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