KTFA:
Samson: IMF Executive Board Concludes 2019 Article IV Consultation with Iraq
July 26, 2019
On July 19, 2019, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation [1] with Iraq.
An improved security situation and the recovery in oil prices have improved near-term vulnerabilities. Large fiscal and current account surpluses—around 8 and 6 percent of GDP, respectively—were recorded in 2018, allowing the government to retire domestic debt and accumulate fiscal buffers. Gross international reserves reached $65 billion by end-2018.
[1] Under Article IV of the IMF's Articles of Agreement, the IMF holds bilateral discussions with members, usually every year. A staff team visits the country, collects economic and financial information, and discusses with officials the country's economic developments and policies. On return to headquarters, the staff prepares a report, which forms the basis for discussion by the Executive Board.
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KTFA:
Samson: Government of Kurdistan announces Eid al - Adha holiday
26th July, 2019
The Kurdistan Regional Government (KRG) announced Friday that the holiday of Eid al-Adha will be extended for seven days.
A source in the Kurdistan Regional Government, in an interview with Alsumaria News, that "according to the lunar calendar, the first day of Eid will coincide Sunday, 11 August 2019."
The source, who asked not to be named, said that "Eid holiday will be seven days for all circles and institutions of the region."
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Photoman57: Could it be a big big party ?
Popeye7: I was thinking the same thing Photoman... What better way to celebrate it than to add value to your currency beforehand in order to enhance the celebration... Know what I mean?...
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Notes From The Field By Simon Black
July 26, 2019 London, UK
Welcome to our Friday roll up, where we highlight the most absurd and concerning stories we are following this week.
The federal government sold your Social Security Number for FIVE dollars
Equifax fined $700 million… for 147 million person data breach
Do you remember back in 2017 when Equifax (the giant consumer credit agency) admitted that it had been breached?
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Emailed to Recaps:
MarkZ Friday Update- Some highlights by PDK-Not verbatim
MarkZ Disclaimer: Please consider everything on this call as my opinion. People who take notes do not catch everything and its best to watch the video so that you get everything in context. Be sure to consult a professional for any financial decisions
MZ: Wow folks from 28 countries watching us today.
MZ: I’m almost afraid to get to excited…but I am cautiously optimistic today
MZ: Mr. Cottrell will be joining us for Q&A today
MZ: In Iraq- No new rate yet on the streets….spoke with 3 contacts…..my contractor friend is working on new rates for employees …they expect the new rate this weekend.
MZ: My paymasters in reno are saying 4a should be liquid tonight or tomorrow…..they have funds positioned from earlier SKRs and they are expecting those to be released this evening.
MZ: I am hearing they want to start banking with the 4b group on Monday. So in that case we should get 800 numbers over the weekend.
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TNT:
RVAlready: Morning. I hope the “no info” logjam busts loose pretty soon. Seldom have the periods of silence forwarded the progress of the RV. I do believe that progress is being made, but I’d rather see an activity report, than have to sit here and guess.
Airam: Article: "IRAQ: SIGNING OF A NEW AGREEMENT WITH THE US STOCK EXCHANGE ON THE TECHNOLOGY OF TRADING AND DEPOSIT SECURITIES" If they were not going to relist (reinstate) the Iraqi dinar on FOREX then why ...would they be getting all this Nasdaq technology synced up?
Airam: Trading the ISX on Nasdaq can not happen without the reinstatement of the dinar on FOREX first. Get it? This is a FACT not my opinion. The placeholder for the IQD is already established on FOREX and we are waiting for the rate to pop in.
Fuze: GM Tnt, there should be no doubt in anyone's mind that over the last year the GOI and CBI have been increasingly preparing to reinstate there currency! Not based on what they are saying, but we actually see them doing! In the last 90 days its reached the highest pace ever!
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