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Sunday, April 23, 2017

"What a Great Time" - Sun. PM KTFA Thoughts/News


Aggiedad77 » April 23rd, 2017

Family, what a great time for this investment.....IMO Iraq stands poised.....for several things this week.....the world stands poised this week.....which puts us in a position IMO to be poised for this week....not pointing at a date or rate.....but at how magnificently things are progressing right before our eyes....
Even with the forced 5-day holiday for them.....what can we do from our end....pray of course.....pray for a straight path.....pray for a finite experience by Iraq that takes them to a point of recognition with the world....pray for a follow-through like no one has seen before.....pray for the commitment to jump start the next revolution of the world.....it's all tied together.....

I pray the bow strings are bound in the proper way and cannot be undone by anyone stubbing a toe against a curb or even a crack in the sidewalk.....praying the world as a whole is ready to change....a mighty change....for the BEST is so close to being upon us......all IMO. Aloha Randy

SlappySquirrel » April 23rd, 2017

Wow great Post Randy.. I think we all should give them at least till the end of this month (1 whole week) to pull this off.

I've seen way too much progress for them to fail/ procrastinate and I don't think Trump is (in business ) to look bad..especially in his first year...especially with how much he talks about Iraq and how we the USA need to be paid back...immediately.

There's too much monetary reform progress for them not to succeed. I truly believe this next week we shall see this elusive IQD RV... The world needs this Marshall plan to succeed..failure and further procrastination is NOT an option . Thank you

Don961 » April 23rd, 2017

So far the Iraqi newspapers we follow for articles have not updated .... they usually have new news out by this time each day they publish .... so unless they post later , this would make the 5th day that newspapers haven't updated as per the announcement about the 5-day forced holiday ....perhaps they are waiting until the 25th for newspapers to go live again ..... it is nearly 2AM Monday morning in Baghdad

Don961 » April 23rd, 2017

This article is from an Independent Iraqi newspaper that has been putting out news all along

Rabbit » April 23rd, 2017

Awsome article Don! Everyone needs to read this one all the way through!

IMF and World Bank International call for Iraq to proceed with reforms "federally and locally"

Washington Journal

It discussed the Iraqi delegation, with the IMF team headed by team manager negotiator for the International Fund for Christian Jos, the second review of the program to prepare the credit (SBA) between Iraq and the International Monetary Fund in the spring meetings of the IMF agenda and the Bank Ateyen currently being held in Washington, 2017.

An informed financial officer on Iraq's recent talks with the International Monetary Fund and the World Bank, in a statement singled out by the (Journal), the summary of the recent discussions, is that the two international financial, demanded the Iraqi government to proceed with financial reform, at the local and international levels, and that economic reforms represent a major need to reach an integrated system for the management of the financial operation of the state at the federal and local level.

While the Minister of Finance Agency, Dr. Abdul Razzaq al-Issa revealed the readiness of the World Bank to allocate nine million dollars to support investment and development in the field of associated gas.

Issa said during the spring meetings of the IMF and the World Bank in Washington, said the Iraqi government will intensify the work of the joint committee between the ministries of finance, electricity and oil to activate the gas investment associated with and benefit from the operation of electric power projects, drawing attention to the readiness of the World Bank to provide a grant of nine million dollars to support projects and studies to invest the associated gas in Iraq.

The Finance Ministry said in a statement that the World Bank representatives have indicated that economic reforms are a major need to reach an integrated system for the management of the financial operation of the state at the federal and local level.

The statement added that the meeting made it clear that a significant percentage achieved by the Iraqi institutions in this area gives the appropriate scope of the World Bank to support the budget and reconstruction projects within the time limits required to achieve its objectives.

The Bank welcomed the steps the Iraqi government in the field of resource management and the development of visions of reform in coordination with international organizations and financial institutions, according to the statement.

He participated, a senior Iraqi delegation at the spring meetings of the IMF and the World Bank is currently held in Washington, as the delegation was headed by the Minister of Finance Agency Governor of Iraq at the World Bank, Dr. Abdul Razzaq al-Issa in the presence of the Iraqi Central Bank Governor Dr. Ali Keywords Advisor to the Prime Minister for Financial Affairs appearance of Dr. Mohammed Saleh, agents and managers two years of finance ministries and electricity and the Central Bank of Iraq.

Members of the International Monetary Fund states pledged on Saturday to work to reduce global imbalances, but failed to repeat the pledge announced in the past to resist all forms of protection Altjarah.okrrt is also the Finance Committee of the Fund, a specialized body under the guidance fund policies, commitments announced earlier on currency exchange rates.

She said, "we'll refrain from competitive currency cuts will target prices for currency exchange for competitive purposes.

"We will also work together to reduce excessive global imbalances by following the proportionate policies, working to enhance the contribution of trade to our economy."

The adoption of the statement to a large extent the tone of a statement issued by the Group of Twenty last month in Baden-Baden, Germany, where US Treasury Secretary Stephen Mnotchen said that the pledge to combat trade protectionism is no longer the right thing.

Said Agustin Carstens of Mexico's central bank governor, who chairs the steering committee of the International Monetary Fund that protectionism "is a relative term" and "fuzzy".

"There is no country has no texts on trade.

"Instead of a long talk about what it means this concept we were able to put it in a positive framework and more constructive."

And Carstens a financial worlds officials attending the spring meetings of the International Monetary Fund and the World Bank during the current week.

He said the goal is to take advantage of the trade and that all members "biased" to the need for a free and fair trade.

The statement said the Finance Committee IMF said that although the global economic recovery is gaining momentum, the growth "is still modest," and warned of the growing political uncertainty.

Members of the International Monetary Fund gave up on Saturday vowed to fight trade protectionism amid disagreement over trade policy and focused their attention on the threat of another global economic integration looms on the horizon, namely the first round of the French presidential elections.

During the spring meetings of the International Monetary Fund and the World Bank have increased fears of offering Marine Le Pen and the far-right candidate Jean-Luc Melenchon candidate left in the first round of the French presidential election, as well as concern over US trade policy.

He said Christine Lagarde, director of the International Monetary Fund, told a news conference: "There was a clear understanding in the room we switched from (talk) about the financial and economic risks to geopolitical risks greater."

It failed a statement issued by the Steering Committee of the International Monetary Fund on Saturday to repeat the pledge announced in the past to resist all forms of trade protectionism. The statement adopted the tone of the US administration sought her last month in Germany, while the development of a strategy to reduce the US trade deficit.

A few days ago the IMF warned that the protection that restrict trade policies may stifle the ever-improving global growth.

The statement pledged to the International Monetary and Financial Committee for the affairs of the Fund in the statement that the members work "together" to reduce the current imbalance in the balance of world trade http://journaliraq.com/link

MilitiaMan » April 23rd, 2017

It sure looks like they mean business. The World Bank is demanding Iraq to proceed with Financial Reforms at both Local and International Levels. The reforms we are looking for are most definitely on their minds, imo.

They don't go so far as to say they will do anything to avoid competitive currency cuts that will target prices for currency exchange for competitive purposes.

That way of doing things (imo) has been most everyone's view in the past, or as to be "" """ towing the line for the IMF from thier past ways of doing business. It looks as though they're softening things in that regard per the language change. imo This sounds like they know that a change in Iraq is coming based on a very Bold DEMAND from the World Bank, thus, the language has softened to a degree.. if you will, they are in CYA mode! Geopolitical inference " Trumps" (lol) financial squables about fair trade at this point.

So, in my view the world bank demanding reforms get completed is at the for front~MM

Jay » April 23rd, 2017

“ is that the two international financial, demanded the Iraqi government to proceed withfinancial reform, at the local and international levels, and that economic reforms represent a major need to reach an integrated system for the management of the financial operation of the state at the federal and local level.”


SteelyJan » April 23rd, 2017

Wait.....wha???? DEMANDED???? WOW!!!!!!! Now there's a news worthy article if I ever saw one!!!

Purifiers » April 23rd, 2017


Chairman's Letter: © 2017 · Powered by Iraq E-Gate

On Behalf of the Directors Board and myself, it gives me great pleasure to announce and welcome you to the opening of Iraq Trans Bank with its new administration and management board.

The time had come to enhance “the true economy” and that would be through enabling all the companies and the members to find the right financial solutions which make a real differences in their life . We believe that if our bank is able to help Improve the standard of living for individuals, it will help to develop the country and that was one of the most important reasons to start our work.

In addition we believe that there will be more opportunity in the future to enhance the free economy and assure a good future to the coming generations and that’s is our basic role and our big responsibility , and we are aware we need to give more efforts to be on top,We are seeking to achieve our goals( Integrity , Honesty , Responsibility , and full respect to the whole rules and ethics of our career ) and that because we want to be the institution that people can trust .

The aims that we put to our career are :

Commitments , Trust , An excellent service , Integrity , A true customer care to get our customers trust , developing our members and the Team work.

One of our priority is our costumers satisfaction . we will work hard to ensure that they will always have the best services and productions therefore , we offer a verity of financial services in addition to our services for members and companies .

We are seeking to enhance the Iraqi small and medium companies because they are the base of any economy through providing them with excellent financial solutions and help them to develop their work . In this way we will create a healthy environment in which work can grow .

We are aware that the coming period will have many economic , political and social challenges , but we are confident that that we have the right Tools to overcome these challenges . This will be through our members , our strong financial services and the support that the Iraqi Central Bank will provide to our bank.


DinarTownCrier » April 23rd, 2017

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