The Recovery Of The Iraqi Dinar !

[NEPatriotsFan1]

I just noticed I don’t spell backwards very well   Brilliant has two “ i ‘s “ 

[10 YEARS LATER]

28 minutes ago, NEPatriotsFan1 said:

I just noticed I don’t spell backwards very well   Brilliant has two “ i ‘s “ 

 

Remedial Dislexia English for PEN ( NEP ) 

[DinarThug]

Iraq is chasing rabbits: Is hunting one? .. The story of Baghdad's accession to the World Trade Organization

 

 

 

 

2018/4/3 02:36:28 PM 
In February 2011, Iraq submitted its application for accession as an observer in the World Trade Organization. The approval of the General Council was accepted. The foreign trade policy memorandum, the main accession document submitted by Iraq to the Organization in 2005, was prepared. .

The memorandum was discussed by the Secretariat of the Organization, where questions and questions about the political and economic files in Iraq were answered in 2006 by the relevant committees. A series of negotiating meetings between Iraq and the Organization were held between 2004 and 2008 in which the important issues that hindered Iraq's accession were discussed. Such as the file of technical barriers to trade and the intellectual property file, as well as the file on agriculture and the legislative plan, and Iraq is now negotiating for full membership.

A debate has been raging for some time about the feasibility of Iraq joining the scientific trade organization as part of the stage of its transformation into the capitalist system and its openness and the fulfillment of its commitments to the international community, which it made by signing the Charter of the International Covenant, and whether it is in the interest of the country or is a serious challenge, There are conflicting views on the feasibility of joining the organization, there are those who favor joining the positive effects of it, and there are those who oppose and warn of the repercussions of joining the industry and the economy as a whole, and each party to submit arguments and justifications to support his point of view.

According to observers, accession will bring many benefits to member countries, but it represents a major challenge, especially for developing countries, especially Iraq, which is experiencing exceptional circumstances. The non-accession is also negative (in the light of the accession of more than 150 countries to the organization) and there are problems in both options offered.

A member of the Committee on Economy and Investment, Abdul Karim al-Naqib says in his speech to (One News) that: "Iraq has gone a long way on its way to membership in the World Trade Organization, and in order for this membership to be useful, Iraq must undertake many reforms in its economic situation "He said.

"If Iraq obtains membership, it must impose conditions specific to the Iraqi market, especially the current economic situation, which lacks an industry capable of equating our exports with what we import from other countries, as it is known that the first provisions of the WTO agreement provides for lifting all restrictions Exchange of goods and capital ".

"Iraq's pursuit of full membership should be on a negotiated basis that would give Iraq an opportunity to have its own determinants, such as Iraq's markets are not open to all goods and goods with all countries, because this means not The rise of industry and the Iraqi economy once and for all. " Adding that the industrialized countries benefit from the possibilities of abundant production, which reduces costs, which we can not reach through our industry at the present time.

The member of the Committee on Economy and Investment that: "It is necessary for the federal government to take a license for a certain period of time so that we can through this period to promote the Iraqi industry, and therefore can benefit from its membership in the World Trade Organization as well as participating countries of this organization."

"As Iraq enjoys the support of the International Monetary Fund (IMF) and the World Bank, it will gradually increase its membership in the World Trade Organization (WTO) after being an observer," said Salam Samisem, an economist. Adding that in the event of Iraq's full membership in the organization there are many challenges can be faced, including that the federal government can not impose any action to protect agricultural and industrial products, after the opening of the Iraqi market to receive all products from other countries, which will be a major obstacle to Iraqi products, because the FTA obliges the market to be open to all foreign countries.

"The most important advantages that Iraq can get through its membership in the Organization is to open the door of trade with other countries without hindrances and to reduce the cost of imports from countries," she said.

"There is an important step if the state uses it to protect itself and raise the value of local goods. This step is not to apply the organization's procedures except with the countries that belong to it, and so Iraq does not have to receive products from non-affiliated countries, Especially since these products are cheap and compete with the local product, so when this procedure is applied, the prices of national products will rise. "

The economic expert pointed out that: "Iraq's membership in the World Trade Organization can be counterproductive and can bring benefits to the economy, and all depends on the economic leadership in the country, if there is a conscious economic leadership through which the current economic situation can improve, but "If it remains this decline, membership can not produce good results for the Iraqi economy."

The pros and cons of Iraq's membership in the World Trade Organization:

The most important negative effects expected from the completion of Iraq's membership in the international organization are summarized in the following points:

• Not include oil in the World Trade Agreements and the consequent significant economic effects as oil is the main component of Iraqi GDP.

• Implementation of WTO commitments will result in higher cost of development programs in general (high importation of technology, intellectual property rights, patents, etc.).

• The implementation of the agreements of the Organization will lead to higher costs of services (transport services and insurance) and since Iraq was opened after 2003 to the outside world largely because of the change of the philosophy of the state from the socialist system to the market system, will result in high and increasing financial burdens in the services sector, Due to the low comparative advantage in this sector in Iraq compared to developed countries.

Pros:

• Some national industries suffer from competition from their counterparts in the nearest countries, especially those that receive support from their countries and are sold at lower prices than their countries (dumping policy). Accordingly, according to the principles of the accession clauses, such industries will be given support through anti-dumping, Production quality and upgrading.

• The liberalization of trade in services and the encouragement of foreign investment will encourage the movement of foreign investment and its flow to Iraq, reflecting the importance of Iraq.

• The implementation of the Agreement on Agriculture and its provisions will lead to a rise in the prices of imported agricultural commodities. This will lead to an increase in the production of some commodities by farmers, noting that the rise in prices will be reflected in the high cost of agricultural commodities.

• The demand for crude oil may increase to increase the demand for petrochemical products because trade liberalization will increase growth in developed industrial countries.

• Iraq's commitment to the principles of industrial property rights when joining the organization will be the reason for the transfer of modern technology to Iraq and reduce the cost of Iraqi imports of machinery and modern production methods.

• It is possible to benefit from the principle of treatment of the most favored country when joining the organization and this drives the national production to the top of the availability of foreign markets for Iraqi products.

In general, we can say that the accession of Iraq will be less expensive at the moment compared to other countries because Iraq is one of the most open to international trade and the tariff rate in Iraq is very low after Iraq's application of the customs duties of 5%.

Date and origin of the organization:

The World Trade Organization (WTO) was established in 1995 in Geneva, following the recent round of negotiations on the General Agreement on Trade and Tariffs and Customs in the Uruguay Round. It is responsible for monitoring national trade policies of member countries, settling trade disputes and implementing GATT agreements designed to reduce tariffs and other restrictions on international trade, as well as providing technical assistance to member countries. The organization also aims to eliminate discriminatory treatment in international trade, promote multilateral trade, monitor the compliance of member countries with GATT agreements, as well as negotiate and implement new agreements.

The Organization is a permanent entity and has the authority to mediate trade disputes among member countries and to identify appropriate penalties for different situations. During the Uruguay Round, it was agreed to reduce tariffs on manufactured goods by one-third, as well as subsidies and quotas on agricultural goods, cars and textiles, which were not covered by the organization. There is also free trade in banking and other services as well as greater international protection of intellectual property rights, but the issue of the elimination of agricultural subsidies was an obstacle to negotiations.

Iraq has indirectly committed itself to acceding to the WTO by signing the International Compact, and therefore it is likely that it will shoulder more burdens and obligations for any delay in joining the WTO because there may be restrictions on its entry into the WTO. In the future, since the membership of this organization (153 countries) controls nearly 95% of the total international trade.

link

[siberian_shaddow]

Much Appreciated Thugs,   (NICE)

[DinarThug]

3 hours ago, DinarThug said:

Iraq is chasing rabbits: Is hunting one? .. The story of Baghdad's accession to the World Trade Organization

 

Shhhhhhhhhh.... Be Vewy Vewy Quiet - We’re Hunting RV Wabbits !  

 

 

     

[magawatt]

Peeps disappeared on Easter!

[Synopsis]

5 hours ago, DinarThug said:

Antoine predicted that the project would be implemented after the legislative elections scheduled for next May

 

I am not sure if this is all smoke and mirrors for now or what the deal is. This person suggests the "delete the zeroes project" will be implemented after this coming May's elections scheduled for May 12.

 

The article did say, "The subject of deleting zeros from the currency is ready" and did not reference any needed action by a GOI entity. Apparently, the reason for the delay is related to the potential perceptions of the Iraqi citizens and they do not want to ignite Sectarian Violence or Civil War related to election candidate affiliation with perceived monetary disruptions on the Iraqi Citizens' level. The article notes, "the project needs educational campaigns to be accepted by citizens and does not affect the movement of the market" that may reference potentially viewed adverse conditions with an adverse change due to the "delete the zeroes project".

 

Apparently, the economy is stable enough going into the elections so they want to maintain the economic stability through the elections by not potentially disrupting the economy by implementing the "delete the zeroes project" before the elections.

 

So, we wait and see what they do. 

 

In The Mean Time.................................

 

Go Moola Nova (YEAH, BABY!!!)!!!

[NEPatriotsFan1]

3 minutes ago, Synopsis said:

 

I am not sure if this is all smoke and mirrors for now or what the deal is. This person suggests the "delete the zeroes project" will be implemented after this coming May's elections scheduled for May 12.

 

The article did say, "The subject of deleting zeros from the currency is ready" and did not reference any needed action by a GOI entity. Apparently, the reason for the delay is related to the potential perceptions of the Iraqi citizens and they do not want to ignite Sectarian Violence or Civil War related to election candidate affiliation with perceived monetary disruptions on the Iraqi Citizens' level. The article notes, "the project needs educational campaigns to be accepted by citizens and does not affect the movement of the market" that may reference potentially viewed adverse conditions with an adverse change due to the "delete the zeroes project".

 

Apparently, the economy is stable enough going into the elections so they want to maintain the economic stability through the elections by not potentially disrupting the economy by implementing the "delete the zeroes project" before the elections.

 

So, we wait and see what they do. 

 

In The Mean Time.................................

 

Go Moola Nova (YEAH, BABY!!!)!!!

A redenomination would be a value neutral event and would be perceived negatively.... however a revalue then a deletion of zeros would be perceived positively almost guaranteeing Abadi and other politicians re-election...... 

 

If they push it past election I do not believe we are going to be getting the results many of us are hoping for! I hope I am wrong and that we are in for a surprise before the election! 

[Synopsis]

3 hours ago, DinarThug said:

It is possible to benefit from the principle of treatment of the most favored country when joining the organization

 

I really like this statement DinarThug highlighted!!!

 

I wonder if Iraq will be granted World Trade Organization Most Favored Country Status on ascension as a full WTO partner as part of the Strategic Framework Agreement(s) with The United States Of America and, possibly, France since The United States Of America and France are the only two I am aware of with imminent SFAs with Iraq.

 

I suspect Most Favored Country Status would greatly alleviate some or potentially many of the challenges Iraq would face otherwise as a full WTO member AND benefit the countries doing business with Iraq as well.

 

Just my thoughts, opinion, and 

 

In The Mean Time...............................

 

Go Moola Nova (YEAH, BABY!!!)!!!

[Pitcher]

I was thinking election May 12th with Abadi winning in a landslide ( he’s predicted to win 70%)

 

May 13-15 RV and Ramadan begins May 16th.  Everyone is happy!!!!!

 

Unfortunately, no asked me to set up the schedule of events.

 

 

[DinarThug]

LINK

Market Review: Market Consolidates

 5th April, 2018
By Ahmed Tabaqchali, CIO of Asia Frontier Capital (AFC) Iraq Fund.

Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News.

The increasing signs of the improvement in liquidity, discussed in recent newsletters, continued through the improvement in the market rates of the IQD vs. the USD.  Given, the dollarization of the economy, it follows that the strength or weakness of the IQD is a function of demand-supply balance for IQD and not a specific USD weakness or strength.  During the month the market price of the IQD vs the USD improved by about +1%, lowering the premium over the official exchange rate to its lowest point in a number of years to 2.1% from just under 6% at the end of 2017 (see chart below)

 

Iraqi Dinar (IQD) exchange rate vs the USD Jan 2014 – Mar 2018

 

(Source: Central Bank of Iraq, Iraqi currency exchange houses, Asia Frontier Capital)

(Note: The Spike in 2015 was due to a CBI policy that restricted the sale of USD, but was abandoned alter after causing a rise in parallel rates)

Oil Revenues (green) vs the RSISUSD Index (red)

 

 

(Source: ISX Central bank of Iraq, Iraq’s Ministry of Oil, AFC.)

(Note: M2 as of Dec. with AFC est.’s for Jan & Feb., Oil revenues as of Feb. with AFC est.’s for Mar.)

The increased liquidity in the form of both local and foreign inflows reported over the last few months needs to be maintained for the market’s consolidation to lead to further recovery, and for this recovery to be sustainable. The backdrop continues to be positive as the sustained improvements in government finances should ultimately lead to better market action: historically the equity market, as measured by the RSISUSD Index, has tended to follow the improvement in government oil revenues with a time lag of 3-6 months as the chart below shows.

[DinarThug]

LINK

Central Bank: Progress payments system leaders to control the flow of funds

 

The central bank confirmed Thursday that the progress of the Iraqi payment system during
the last period has led to a large control over the flow of funds inside Iraq and the
provision of a comprehensive and accurate database of all remittances within the financial
and banking sector through a number of measures and precautions implemented. Including
the modernization of the payments system in all its components according to international
standards. 

The bank said in a statement received by "Economy News" that "this modernization was
aimed at absorbing the increasing volume of transactions carried out through this system
to be easily compatible with the various banking systems. One of the most important
systems operating in the Central Bank is the RTGS, In 2006 and the C-ACH Clearinghouse
System implemented in 2011, which provides a comprehensive database of all transfers
for the settlement of electronic instruments and inter-bank payment orders. "

He added that the central bank issued a set of instructions and precautions for banks to
reduce the risk of exchange of sukuk through the system. He pointed out that the central
bank directed to the establishment of the Iraqi National Payments Council, which includes
members from within and outside the central bank, which contributes to the development
of strategies for the development of payment and settlement systems Follow up their
implementation, and promote international best practice.

"The Bank has implemented a number of measures, including the implementation of IBAN
which aims to unify the bank account numbers of all banks operating in Iraq, which allows
banks to verify the validity of the transferred account number. Iraq has 23 ranks, and has
been included in the list of countries that deal with the international number, which does
not accept domestic or foreign transfers only within the criteria of the international number.

He pointed out that "in terms of the precautionary measures taken to regulate the transfer
of funds, especially with regard to electronic instruments that are transmitted through the
electronic clearing system and high amounts have been standardized security
specifications of electronic instruments drawn on banks for the purpose of preventing
fraud," as well as adding new functions of the system for the purpose of Enabling banks
and their branches to control the process of sending and receiving instruments and
preventing the passing of forged or stolen instruments by adding the function of ratification
of the instrument by the branch withdrawn for the government banks to be settled on time
 It enables the bank to stop any instrument and its location in case of theft or fraud. 

He explained that "the bank implemented the system of internal clearing between the
branches of the same bank, which enables government banks that do not have a
comprehensive banking system completed all transfers of branches and provide a
comprehensive database to conduct the process of matching efficiently between public
administrations and branches. 

The statement continued, "One of the important projects that the Central Bank has
implemented is the retail payment system infrastructure, which consists of the national
division that supports inter-bank clearing for transfers made by customers and
transactions through the use of ATM machines and points of sale through cards Which
is linked to the bank account, and the system of mutual payment by mobile phone
where funds will be transferred through e-wallets without the need for a bank account
and can also make transfers for payment of bills and shopping

Recently, the project of settling the salaries of state employees, based on the decisions
of the General Secretariat of the Council of Ministers No. 313 and 281, the transfer of the
system of payment of salaries to employees, including allocations and benefits to an
electronic payment system. By opening bank accounts for employees in banks
(government and private and branches of foreign banks) and issuing city cards linked
to the account to withdraw the salary through ATMs or through the process of buying
from points of sale at the lowest possible cost, as well as benefit from other banking
services (such as loans, Online purchases, savings accounts, etc.). As this project
contributed to the provision of liquidity within the banking sector and the optimum use
of financial and banking services inside and outside Iraq.

 

 

#################################

 

 

https://cbi.iq/news/view/658

Progress payments system pay by controlling the flow of money

April 05, 2018

Central Bank: Advance payment system by controlling the flow of money ... Click here

[NEPatriotsFan1]

32 minutes ago, DinarThug said:

liquidity within the banking sector and the optimum use
of financial and banking services inside and outside Iraq

Yeah baby..... International.... now let’s flip the switch and make things shake and bake 

[DinarThug]

LINK

Economy to Grow 1.5% in 2018, 4.5% in 2019

 

 

 

6th April, 2018
The Iraqi economy is forecast to grow 1.5 percent in 2018, according to a report from BMI Research, a unit of rating agency Fitch.

It goes on to predict that the economy will jump 4.5 percent in 2019 as a result of reconstruction efforts.

 

 

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LINK

Iraq's economy to see 1.5 percent growth in 2018 

 

4th April, 2018

2018 is likely to be Iraq's lucky year, as its economy is expected to witness a boost amid reconstruction efforts. 

The Iraqi economy is forecast to grow 1.5% in 2018 before accelerating 4.5% in 2019, BMI Research, a unit of rating agency Fitch, said in a report. 

"The Iraqi economy will experience a muted recovery in 2018, before picking up notably in 2019," BMI said. 

"The extension of the Opec deal until end of 2018 will continue to weigh on the country's exports through the end of the year. However, next year the completion of new development phases of major oil fields will boost production capacities and support headline growth." 

The amount spent on the rebuilding will improve the country's non-oil economy and higher government spending ahead of the May elections will enhance consumer spending, BMI said. 

The estimated cost of reconstruction for Iraq which announced the defeat of IS at the end of 2017 is estimated at between USD88 billion and USD100bn in the next decade. 

Meanwhile, the government received USD30bn in pledges at the International Conference for the Reconstruction of Iraq in February.

 

Edited April 6, 2018 by DinarThug

[siberian_shaddow]

Much Appreciated Thugs,  I actually now enjoying reading all of the news coming out, compared to a couple years back. It use to be palm to face shaking head, now it's like a nice fuzzy tingling feeling and the words (Hell yeah Nice)😀😀😀

Edited April 6, 2018 by siberian_shaddow

[DinarThug]

LINK

How Iraqis' lives have changed in 15 years

6th April, 2018

On April 9, 2003, a US-led coalition ousted Saddam Hussein's regime. Fifteen years after the invasion, Iraqis' lives have changed dramatically on several levels - economic, social, political and demographic.

Economy

The fall of the regime ended 12 years of UN embargo on Iraq after Saddam Hussein invaded Kuwait in 1990.

Thus, some 34 million Iraqis have returned to international trade, although nearly eight million of them live with an income of $ 2.2 per day, according to the United Nations.

With a reserve of 153 billion barrels, Iraq is OPEC's second largest oil exporter. Iraq's gross domestic product (GDP) rose from $ 29 billion in 2001 to $ 171 billion in 2016, especially after the three-fold increase in oil prices in 2003.

But the country has failed to diversify its economy and the government is still 99 percent dependent on oil revenues.

Since 2003, Iraq has received more than 800 billion dollars, but corruption has cost the country 312 billion, according to a report of the "success" of economic development.

Politics

The Baath party disappeared today. The fall of this secular party led by Saddam Hussein opened the door during regular elections over the past 15 years to countless political parties dominated by many religious or tribal leaders.

A political tradition in Iraq ensures that the three highest authorities in the state are distributed among the most prominent sects, but Shiites, who account for about two-thirds of the population, now control all political and military institutions under Saddam Hussein's Sunni minority.

Debt

The number of Christians in Iraq, estimated at one million, 600,000 of them in Baghdad, comprising Chaldeans, Assyrians, Armenians and Syriacs (Catholics and Orthodox), does not exceed 350,000 today.

For Shiites in Iraq and the world, who have long been denied access to their holy thresholds, they organize large gatherings every year to revive their religious functions in the shrines of Karbala, Najaf, Samarra or Baghdad.

After the fall, the views of Ayatollah Ali al-Sistani, the highest Shiite authority in the country, gained considerable weight. Through his Fatwa of the Kadhafi Jihad, the Popular Forces were established, which was a decisive support for the Iraqi security forces to eliminate the organization of the Islamic state.

The Kurdish issue

The Kurds, who were severely oppressed under Saddam Hussein, ensured that the post-invasion constitution strengthened their self-rule.

The Kurds gained territory and authority, but the constitution left several questions unanswered, the negotiations that followed the fall did not succeed in resolving them. In September 2017, Erbil attempted to take the road of independence by force, by organizing a referendum in which the "yes" camp won a sweeping victory.

But the referendum split the Kurdish camp, angering Baghdad, which sent troops and captured all the disputed areas. By doing so, Baghdad has killed the Kurdish state in its infancy, especially by seizing oil fields that are the backbone of the Kurdish economy.

[DinarThug]

LINK

A government consultant explains Iraq's five plan :
welfare, growth and job opportunities

 

 

6th April, 2018

The economic adviser to the Iraqi government revealed the appearance of Mohammed Saleh on Friday that Iraq will see a remarkable change in growth in the coming years with the launch of the five-year plan for the years 2018-2022 

Saleh told Shafak News, "The plan in its objectives and principles development track will translate fact to achieve an annual growth rate In gross domestic product (GDP) is more than 7 percent, compounding welfare by more than double the population growth rate of nearly 3 percent a year " 

"Public and private investments will occupy important axes in maximizing gross domestic product (GDP) on the well-being of the individual in providing employment and employment, and the market share or the private sector in investments will be about 40 percent of the total investment of the five-year plan," he said

He also praised the role of the private sector in the next five-year plan by "establishing the principle of partnership between the state and the private sector in investment, production and operation, which all constitute the philosophy of the plan and its principles based on the concept of the social market. Private sector " 

"In addition to the role of the state in financing the market through the development funds that facilitate the conditions for civil projects and address the same time monopolies by sponsoring the competitive activity of the market." 

The Cabinet approved in its last meeting headed by Haider Abadi the five-year national development plan for the period 2018-2022.

The Council noted in a statement that "the government approved the new five-year plan, which is based on key axes, including good governance and the private sector, reconstruction in the provinces and alleviation of poverty." The plan focuses on the promotion of productive sectors (agriculture and industry) Targeted economic growth of 7 percent. 

He added that the plan also included increasing production capacity in the crude oil sector to 6.5 million barrels per day, in addition to providing sustainable employment and poverty reduction. 

Iraq has implemented two five-year plans, the first 2010-2014, and the second 2013-2017, and is preparing to adopt the so-called 2030 development plan.

 

 

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LINK

Abadi adviser: Iraq's five-year plan will move the country
a qualitative leap economically

6th April, 2018
 

 

The economic adviser to the Iraqi government said the appearance of Mohammed Saleh that Iraq will witness a remarkable change in growth in the coming years with the start of the five-year plan for the years 2000 and 18 to 2200.

Saleh said the plan, in its objectives and principles, is a development path that will translate into reality to reach an annual growth rate of more than 7 percent in gross domestic product, doubling prosperity by more than double the population growth rate of nearly three percent a year.

He added that public and private investments are important axes that will contribute to maximizing the gross domestic product on the well-being of the individual in providing employment and employment, in addition to the role of the state in financing the market through the development funds that facilitate the conditions of the civil projects and to counter the monopolies through sponsoring the competitive activity of the market.

[ChuckFinley]

Thanks Thug, 2019 has some real growth.  

[boosterbglee]

When does the "plan" start?  

[3n1]

Selah talked the talk w/shabibi hopefully now this lofty 5 year plan can happen with abadi , maliki would not have any of the former plans that were ready to launch ....... lets go cbi  

[10 YEARS LATER]

1 hour ago, boosterbglee said:

When does the "plan" start?  

 

“ in the near future “ - by their meaning, to be very “ soon “ within the timeframe of “ the coming days “  - I’m making as much sense as they make all day every day, huh. 

 

I’ll bet behind closed doors they knock back the Scotch like there’s no tomorrow.

[DinarThug]

LINK

Five British scenes of a post-Saddam Iraq .. how it looked

 

 

6th April, 2018

After a major defeat in the organization of an advocate, the magazine "Economist" British, the emergence of a new sense of unity of the ranks among the Iraqi people. 

Normal life has returned to Mosul, Iraq's second largest city, having lived under bloody rule for more than three years. 

The magazine's reporter visited a nightclub on the roof of a hotel that was reopened after being turned into a headquarters for the hardline organization. Shops around Mosul University campus have new facades, and families queue up waiting for meals at the restaurants on the banks of the Tigris. She no longer sees women in the city.

A lost cause 
In the opinion of the Economist, revitalizing Mosul is the beginning of the recovery of Iraq as a whole. Iraq, when it took over the city in 2014, looked like a lost cause. On the same day, his armed forces fled, the government lost control of less than half of the country, and the jihadis were preparing to move toward Baghdad. With the collapse of oil prices in 2015, the government has gone bankrupt. Iraq was a model of civil war, sectarianism and the collapse of the Arab state system that was established at the end of the First World War.

"The best victors" 
Currently, about 40 million people live in Iraq, and has begun to correct its course. His forces have been defeated and their control over the country's borders restored. It also led to a wave of victories to give the Iraqi army "the best victors in the Middle East," a UN official said. 

Baghdad is feeling more secure than in a number of capitals in the Middle East. Funds poured into the government as oil prices doubled in 2016 and production hit record highs. As a result, more than 2,000 foreign investors met in hotel halls in Kuwait early this year when the Iraq Reconstruction Conference was held.

Friendly relations 
Given Iraq's aggressive past, and the proliferation of conflicts in the region, the Economist views with wonder the fact that Iraq now has friendly relations with all its neighbors. Although America and Iran are strong adversaries, both offer military and political support to Iraq. The Gulf states have also overcome sectarian and security concerns that have persisted for decades, restored diplomatic relations with Iraq and now want to invest in its territory.

Fourth Elections 
The magazine believes that the culmination of all these achievements enables Iraq, the only country besides Tunisia, to get rid of a dictator and emerge as a democratic state. Elections will be held the fourth since 2003, on May 12.

According to the Economist, some believe that the war has brought Iraqis back to their senses, even though it was a cruel remedy. In the 15 years since the US invasion in 2003, more than 300,000 people have died and 4,400 US soldiers have been killed. But none of these rounds of fighting can be measured by what Iraq witnessed during the fighting against Dahesh. According to a study center in Baghdad, at least 7,000 civilians, 20,000 armed forces and more than 23,000 jihadis were killed. An invaluable heritage has also been turned into rubble, like the old city of Mosul. More than 6 million Iraqis, most of them Sunnis, lost their homes.

The trend of retaliation declined 
and by looking at media reports and statements of parties and views in the Iraqi street, the Economist's correspondent noticed a decline in the trend of revenge at the Sunnis, which sprang al-Qaeda and fades, while the festivities of several Shiite militias subsided after their successive victories against Daqash.
 
The magazine concludes that Iraq now seems more unified than ever before, since 1991, when the Shiites and Kurds revolted against Saddam Hussein after the expulsion of his troops from Kuwait by a coalition led by America.

[Pitcher]

It won’t be to long till you start getting bombarded with sales pitches to vacation in beautiful sunny Iraq.

[DinarThug]

Arab Monetary Fund issues a summary of the consolidated economic report

07/4/2018 12:00 am 

Baghdad / Al-Sabah

The Arab Monetary Fund (AMF) issued the summary of the 2017 Arab Consolidated Economic Report in English, which contains a brief analysis of the economic developments in the Arab countries.

The report starts with a brief review of the performance of the world economy in the first quarter, then moves on to the Arab economies beginning with the economic and social developments in the second chapter, then developments in agriculture and industry in the third and fourth quarters, oil and energy in the fifth chapter. 

The report then reviews the fiscal developments in Chapter 6, the monetary and banking developments and the developments of the capital markets in the Arab countries through Chapter VII, and then the eighth chapter moves to foreign trade and intra-trade. Chapter 9 deals with developments in the balance of payments, Exchange rates ". 

He pointed out that the report focuses on the role of economic reforms in supporting growth in the Arab countries.

The report presents an overview of Arab development aid in Chapter 11. In highlighting the importance of joint Arab cooperation, this year's report discusses the Arab cooperation in the field of land transport. This version also contains a number of statistical annexes and tables related to the various chapters of the report. 

The Arab Consolidated Economic Report is a model of fruitful cooperation between the Arab joint labor institutions. The Arab Monetary Fund, the General Secretariat of the League of Arab States, the Arab Fund for Economic and Social Development and the Organization of Arab Petroleum Exporting Countries (OAPEC) are participating in the preparation

link

[DinarThug]

3 minutes ago, Pitcher said:

It won’t be to long till you start getting bombarded with sales pitches to vacation in beautiful sunny Iraq.

 

Just Tell Those ‘Sunny Beaches’ In Parliament To Hurry It Up And Pass The Frickin’ HCL !