The removal of the Governor of the Central Bank of Turkey and the appointment of his deputy instead

[Pitcher]

Sure why not, I can get excited one more time.  Just don’t tell me It’s going to happen any day now, soon, right around the corner, etc etc.,  So after saying that all I have to add is, I can be a cheer leader.

 

Gooooooooo RV, Gooooooooooo!!!!!!!!

 

2 Bits, 4 Bits, 6 Bits a dollar, all for the RV stand up and holler!!!!!!!!

 

Let’s go,    RV Let’s Gooooooooooooooo!!!!!!!!

 

 

[yota691]

Abdul Mahdi: We seek balanced relations .. Do not stand with the axis against another

Monday 29 April 2019 63

 

Oglu confirms the determination to raise trade exchange with Iraq to $ 20 billion annually

 

Baghdad / Al-Sabah

 

 

Prime Minister Adel Abdul Mahdi received an official invitation from Turkish President Recep Tayyip Erdogan to visit Ankara and expressed his thanks to the Turkish President and his desire to develop relations and increase cooperation with Iraq in all fields and to resolve the outstanding issues between the two countries. Turkish Foreign Minister Mouloud Gawishoglu, Is currently visiting Iraq, that President Erdogan is going to visit Iraq soon, noting that our goal is to raise trade exchange with Iraq to 20 billion dollars annually.

A statement by the Office of the Prime Minister Media, received by the «morning», that Abdul Mahdi, «received in his official office, the Turkish Foreign Minister Mouloud Javishoglu, who handed him a letter from Turkish President Recep Tayyip Erdogan included an official invitation to visit Turkey».

He expressed his thanks to the Turkish president and his desire to develop relations and increase cooperation with Iraq in all fields and to resolve the outstanding issues between the two countries to the benefit of the two countries and the two neighboring peoples. He stressed that «Iraq regained its strength and unity and achieved a great victory against terrorism, And the world ».

"We do not want to stand with one axis against another, but we build excellent and balanced cooperation relations with all the neighboring countries, and we focus on the participants and maximize them to overcome differences," he added.

He called on the Turkish businessmen and companies to establish factories, interests and economic partnerships within Iraq in the fields of industry, trade, reconstruction and land investment. Agricultural.

For his part, Oglu conveyed the greetings of the Turkish President and said: "Iraq is an important country for us and we await your visit with great interest. We are pleased with the internal stability of Iraq. We are also pleased to improve Iraq's relations with all neighboring countries and Iraq plays an important regional role commensurate with its size. History and location. "

In the meantime, Speaker of the House of Representatives Mohammad Halboussi, during a meeting with Turkish Foreign Minister, stressed Iraq's keenness to build balanced relations with all on the basis of respect for mutual sovereignty. The Turkish minister arrived in Baghdad on Sunday morning, met with his counterpart Mohammed Ali al-Hakim and discussed several political, commercial and economic files as well as the regional situation and the Syrian file.

"During his meeting with his Turkish counterpart Gawishoglu, Hakim discussed bilateral relations, areas of joint cooperation between Baghdad and Ankara as well as regional issues, regional issues and issues of mutual interest," the Foreign Ministry said in a statement.

[6ly410]

 

[6ly410]

 

[6ly410]

Kurdistan and Turkey are looking to implement Article 140 and open new outlets
 

http://www.shafaaq.com/ar/Ar_NewsReader/e96794f9-e48a-4899-bac7-ef8e1c489a8e
 

Twilight News
one hour ago

The Prime Minister of the Kurdistan Region, Nezhirvan Barzani expressed thanks to the people and the Kurdistan Regional Government of Turkey for their support and support to the Kurdistan Region in difficult periods, and expressed the readiness of the Kurdistan Regional Government to provide all facilities for the work and investment of Turkish investors. He described the relations of the Kurdistan Region with Turkey with strategic importance.

This came in a meeting held Monday in Erbil, during which the Prime Minister of the Kurdistan Region, Nigervan Barzani and Turkish Foreign Minister Mouloud Gauchoglu, the consolidation and development of relations between the Kurdistan Region and Iraq and Turkey, and raise the level of trade exchange, and work to open more border crossings, and cooperation And coordination in the face of the dangers of terrorism, and the conditions of Kirkuk and areas covered by Article 140 constitutional and its components, and the conditions of the Kurdistan Region and Iraq in general.

He stressed that his country, as it did not turn its back on the Kurdistan Region in the difficult periods, now wants to further strengthen relations with Iraq and the Kurdistan Region, and expressed the possibility of participation of Turkish companies in the process of construction and reconstruction, especially in areas affected by war and promotion, Referred to his meetings and meetings with officials in Baghdad and highlighted the importance of cooperation and coordination between Iraq and Turkey on the issue of water and water file management.

The meeting also discussed the situation of the region and the developments of events in general.
 

Edited April 29, 2019 by 6ly410

[6ly410]

 

 

2019/04/29 16:46

 

Region and Turkey are looking to implement Article 140 and open new outlets

http://almasalah.com/ar/news/169892/الاقليم-وتركيا-تبحثان-تنفيذ-المادة-140-وفتح-منافذ-جديدة

 

Baghdad / Maslé: The Prime Minister of the Barzani Nechirvan Region expressed his thanks to the people and the government of Turkey for their support and support for the region in difficult periods. He also expressed the readiness of the Kurdistan Regional Government to provide all facilities for the work and investment of Turkish investors, describing relations of the Kurdistan Region with Turkey with strategic importance.

This came during a meeting held on Monday in Erbil followed by "Masala", during which the Prime Minister of the Kurdistan Region, Nigervan Barzani and Turkish Foreign Minister Mouloud Gauchoglu, the consolidation and development of relations between the Kurdistan Region and Iraq and Turkey, and raise the level of trade exchange, and work to open more border crossings , Cooperation and coordination in the face of the dangers of terrorism, the conditions of Kirkuk and areas covered by Article 140 constitutional and its components, and the conditions of the Kurdistan Region and Iraq in general.

He stressed that his country, as it did not turn its back on the Kurdistan Region in the difficult periods, now wants to further strengthen relations with Iraq and the Kurdistan Region, and expressed the possibility of participation of Turkish companies in the process of construction and reconstruction, especially in areas affected by war and promotion, Referred to his meetings and meetings with officials in Baghdad and highlighted the importance of cooperation and coordination between Iraq and Turkey on the issue of water and water file management.

The meeting also discussed the situation of the region and the developments of events in general

Edited April 29, 2019 by 6ly410

[6ly410]

Kurdish security chief, Turkish FM discuss trade, future of Syria

 Kosar Nawzad |

4 hours ago

 

http://www.kurdistan24.net/en/news/b8e343e4-bf22-4ce1-be95-6fd1946baa14?platform=hootsuite

 

---

KRSC Chancellor Masrour Barzani receives Turkey’s Foreign Minister Mevlut Cavusoglu in Erbil on April, 29, 2019. (Photo: KRSCPress)

 

Kurdistan Iraq Baghdad Turkey Ankara SyriaDamascus Erbil 

A+AA-

Erbil (Kurdistan 24) – The Kurdistan Region’s top security chief on Monday received Turkey’s foreign minister in Erbil and discussed the latest “regional developments,” including the Syria situation.

Turkish Foreign Minister Mevlut Cavusoglu arrived in Erbil on Sunday evening, received by Kurdistan Regional Government (KRG) Prime Minister, Nechirvan Barzani. The minister’s trip to the Kurdistan Region was on the same day he landed in Baghdad, where he met with senior Iraqi officials and leaders.

A major topic explored in Cavusoglu’s separate meetings with Iraqi and Kurdish officials was the growth of bilateral trade. Turkey has a large business presence in the country and exports many goods while it imports substantial amounts of oil from Iraq and the Kurdistan Region.

Meeting with the Turkish FM early Monday, the Kurdistan Regional Security Council (KRSC) Chancellor, Masrour Barzani, also the top nominee for the future KRG premiership, stated that the “next KRG Cabinet intends to continue the strong partnership with Turkey.” Both discussed “mechanisms to increase bilateral trade.” 

Another issue of concern for Barzani was the situation in Syria, where the territorial fight against the Islamic State came to a conclusion late March as the Kurdish-led Syrian Democratic Forces (SDF) reclaimed the last piece of land from the terrorist group in the country’s east.

Islamic State members continue to wage an insurgency across the country as they have in Iraq, concentrated in areas they once controlled. As such, they still pose a security threat to the US-backed forces in Syria.

However, the de facto autonomous areas to the north and east of the country, administered by the SDF's political wing, face another challenge. Their territory is landlocked between the Syrian government to the south and west and the Turkish government to the north.

The Kurds have achieved no progress in talks with Damascus, despite multiple rounds of talks, with the latter’s unwillingness to concede to demands of the Kurds, who have suffered close to 40,000 casualties in the fight against the Islamic State.

Moreover, Turkey has invaded Kurdish-held and inhabited parts of northwestern Syria, including al-Bab and Afrin, in 2016 and 2018 respectively, in an attempt to crush Kurdish aspirations of autonomy in the region.

Barzani “expressed concern about the future of the Kurdish people,” and urged the Turkish foreign minister “to help advance peace for all of the Syrian peoples.”

 

[6ly410]

Has become Abdul Mahdi Kurdish more than the Kurds, or how to restore a member of the Barzani Party to his post as deputy secretary-general of ministers outside the controls ?!

http://iraqtoday.com/ar/news/29620/هل-اصبح-عبد-المهدي-كرديا-أكثر-من-الكرد-وإلا-كيف-يعيد-عضوا-في-حزب-بارزاني-لمنصبه-كنائب-لأمين-عام-الوزراء-خارج-الضوابط?latest

 

Policy , 2019/04/29 16:36 Number of readings:

 

 

 

BAGHDAD, Iraq -

A document of Prime Minister Adel Abdul Mahdi's decision to restore a Kurdish official to his post as Deputy Secretary-General of the Council of Ministers. The document refers to the re-appointment of Farhad Ne'ma as Deputy Secretary General of the Secretariat of the Council of Ministers. The prime minister, the head of the Dhi Qar provincial council Hamid al-Ghazi appointed Acting Secretary-General of the Council of Ministers. He served as the deputy secretary of the previous government before reforming him. He is a member of the Kurdistan Democratic Party (KDP). He has served as deputy secretary general for many years and served as acting secretary general during the vacancy.

[6ly410]

Barzani sees the relationship with Turkey as "strategic" .. Waglo refers to the border port

Release date: 2019/4/29 16:46 • 192 times read

http://alforatnews.com/modules/news/article.php?storyid=196620

 

"The relations between the two sides are" important and strategic, "while the guest minister expressed Turkey's desire to strengthen ties of relations with Ankara and Erbil, the Kurdistan Region's Kurdistan Region (KRG) President, Nezhirvan Barzani said during a meeting with Turkish Foreign Minister Mouloud Zhaoshoglu. .

The Kurdistan Regional Government said in a statement that Barzani confirmed during the meeting, "the position of the people and the Kurdistan Regional Government built in Turkey, which supported and supported the Kurdistan Region in difficult times."
Barzani also expressed the desire of the Kurdistan region to strengthen relations with Turkey and offer facilities provided by the Kurdistan government businessmen and investors and owners of capital Turks in the Kurdistan region, describing the relations of the Kurdistan region with Turkey, the task and strategy.
During the meeting held in Erbil on Monday, the two sides discussed "the strengthening of relations between the Kurdistan region and Iraq with Turkey, raising the level of trade exchange and efforts to open new border crossings, cooperation and coordination in the field of countering the threat of terrorism, the situation in Kirkuk and areas covered by Article 140, Generally".
The statement added that Zhaooshoglu, in addition to expressing his happiness to visit the Kurdistan region, stressed that, as Turkey did not abandon the Kurdistan region in difficult times, it now wants to strengthen relations with Iraq and the Kurdistan region.
The Turkish minister stressed that Turkish companies can work in the reconstruction, especially in the affected areas in a war of encouragement.
He also pointed out the importance of cooperation and coordination between Iraq and Turkey on the issue of water file management.
During the meeting, which was attended by a number of officials of the region and the Turkish ambassador in Iraq and the Turkish consul in the Kurdistan region and the delegation accompanying the minister reviewed the latest developments in the region in general.
"The opening of a second crossing in Vishkhabur will be beneficial to Iraq and the Kurdistan region," he said, expressing his support for the activities of Turkish businessmen.
Earlier in the day, Zhaoshoglu, adviser to the Kurdistan Regional Security Council, met with Barzani's delight as part of an official visit to Iraq. He also visited the Turkmen Front and toured the Citadel market in Erbil.
On Sunday, Zaooshoglu arrived in the capital Baghdad as part of an official visit to Iraq, during which he met with Prime Minister Adel Abdul Mahdi, his counterpart Ali al-Hakim, Parliament Speaker Mohammad Halabousi and deputies on the Turkmen component of the Iraqi parliament.
He also visited the Turkish minister, the province of Basra, on Sunday, and met with its governor As'ad al-Eidani

 

[6ly410]

2019/04/28 21:52

 

Abdul Mahdi returns a member of the Barzani party to his post as deputy secretary-general of the ministers after he had been trimmed before

http://almasalah.com/ar/news/169841/عبد-المهدي-يعيد-عضوا-في-حزب-بارزاني-الى-منصبه-كنائب-لأمين-عام-الوزراء-بعدما-شمله-التقليص-من-قبل

 

BAGHDAD / MESSALA: Obtained a document on Sunday, April 28, 2019, according to a decision by Prime Minister Adel Abdul Mahdi, the return of an official to his post as Deputy Secretary-General of the Council of Ministers.

The document refers to the re-appointment of Farhad Nima as Deputy Secretary General of the Secretariat of the Council of Ministers.

The prime minister, the head of the Dhi Qar provincial council Hamid al-Ghazi appointed Acting Secretary-General of the Council of Ministers.
Nemeh served as deputy secretary of the previous government before reforms he had narrowed.

And Farhad Nematullah Hussein, a member of the Kurdistan Democratic Party (KDP), who has served as deputy secretary-general for several years and served as acting secretary-general during the vacancy period.

[6ly410]

Readout of Chancellor Masrour Barzani’s meeting with Minister of Foreign Affairs of Turkey

https://krsc.gov.krd/statements/readout-chancellor-masrour-barzanis-meeting-minister-foreign-affairs-turkey/

 

Chancellor Masrour Barzani today in Erbil had a productive meeting with Foreign Minister of Turkey Mevlüt Çavuşoğlu. In their meeting, both discussed at length regional developments and mechanisms to increase bilateral trade. Chancellor Barzani welcomed improved relations with Iraq and the Kurdistan Region. He said the next KRG Cabinet intends to continue the strong partnership with Turkey. They underscored mutual interest in stability in Iraq and the border regions. On Syria, Chancellor Barzani expressed concern about the future of the Kurdish people. He urged Minister Çavuşoğlu to help advance peace for all of the Syrian peoples. On Iraq, both agreed that ISIS remains a shared threat despite its territorial losses. They also discussed Turkish assistance to Iraq, in particular to areas destroyed during the anti-ISIS campaign, and ways Kurdistan Region can receives a fair share. Chancellor Barzani and Minister Çavuşoğlu agreed to have regular consultations on these important issues and other bilateral challenges.

[6ly410]

 

Turkish FM broaches new border crossings in talks with PM Barzani

By Rudaw 1 hour ago 

350Views

         

KRG Prime Minister Nechirvan Barzani (R) receives Turkey's Foreign Minister Mevlut Cavusoglu (L) in Erbil, April 29, 2019. Photo: Rudaw

ERBIL, Kurdistan Region – Erbil-Ankara relations are “very important and strategic,” Kurdistan Regional Government (KRG) Prime Minister Nechirvan Barzani said on Monday following talks with visiting Turkish Foreign Minister Mevlut Cavusoglu.

Barzani said the Region has taken measures to encourage Turkish companies to invest and boost cross-border trade. According to a KRG statement, he and Cavusoglu stressed the need for more border crossings.

Turkey and the Kurdistan Region currently have just one road crossing, Ibrahim Khalil (Habur), near Zakho, Duhok province. The Iraqi side of the crossing is controlled by the Peshmerga and Kurdish border officials.

Customs revenues are paid to the KRG, which also issues its own visa stamps independently of Baghdad.

There have long been discussions over a potential new crossing in Ovaköy, 12 km southwest of Ibrahim Khalil, which could bypass the Kurdistan Region entirely and allow Turkey to trade directly with Iraq.

Such a new crossing could boost trade and tourism and relieve notoriously long delays at the border. However, a new crossing manned by Iraqi officials could see the KRG sidelined, eating into trade and 
revenues.

Iraq-Turkey trade volume stands at around $10 billion. However, Turkish President Recep Tayyip Erdogan told a press conference in March alongside his Iraqi counterpart Barham Salih they want to expand it.

A delegation of businessmen from Turkey’s Kurdish provinces of Diyarbakir and Sirnak recently visited Erbil for a construction trade expo.

According to a statement published by the KRG, Barzani and Cavusoglu also discussed mechanisms to counter terrorism and to address the situation in Kirkuk and other disputed areas.

Kirkuk has a large Turkmen community and historic buildings dating back to the Ottoman period.

The Turkish foreign minister said his country is ready to help rebuild war-ravaged regions, particularly Mosul, which urgently needs help with reconstruction. Turkish construction firms are likely to pick up contracts.

Cavusoglu also met with Deputy Prime Minister Qubad Talabani and Kurdistan Region Security Council Chancellor Masrour Barzani, who is slated to replace his cousin as prime minister in the next government.

Cavusoglu arrived in Erbil late on Sunday. He earlier held talks with Iraqi officials in Baghdad and Basra, including Iraqi Prime Minister Adil Abdul-Mahdi.

Ankara and Baghdad have been at loggerheads over the issue of shared water resources. Turkey last year threatened to stop the flow of the Tigris River into Iraq in order to fill its new Ilisu Dam.

Low water volumes exacerbated the drought already afflicting southern and central Iraq, devastating local farming.

“Last year, there was a huge water crisis and problem. But this year was the year of compassion and blessings. This year we instead have the problem of flooding,” the Turkish FM said.

Cavusoglu said Turkey would address the water problem with Iraq “so we do not face any potential drought crisis in the future.”

Despite recent heavy rain, Iraq and the Kurdistan Region still lack adequate reservoirs to store surplus water for the drier seasons.

Edited April 29, 2019 by 6ly410

[6ly410]

Turkey: We seek to increase trade and investment relations with Iraq

Editorial date: 2019/4/29 23:26 • 44 times read

http://alforatnews.com/modules/news/article.php?storyid=196670

(International: Euphrates News) Turkish Foreign Minister Mouloud Chaochoglu stressed on the importance of opening the border crossing "Uva Kui" between Turkey and Iraq, "noting that" the crossing will bring benefits to Iraq and the Kurdistan Regional Government.

This came in a statement to the minister, Monday, on his account in the "Twitter" after meeting with officials in the government of the Territory.
"The opening of the Ufa Kui crossing will bring benefits to Iraq and the provincial government, and we support the activities of businessmen," said Zhaooshoglu.
Zhaooshoglu said they are seeking to increase trade and investment relations with the territorial government, and all Iraqi regions.
On Sunday, Zaooshoglu arrived in the capital Baghdad as part of an official visit during which he met with Prime Minister Adel Abdul-Mahdi, his counterpart Ali al-Hakim, Parliament Speaker Mohamed Halabousi and deputies on the Turkmen component in parliament.

 

 

 

Edited April 29, 2019 by 6ly410

[6ly410]

Turkey supports the pleasure of Barzani in his struggle with his cousin Nigervan to the presidency of the Kurdistan government

http://iraqtoday.com/ar/news/29625/تركيا-تدعم-تولي-مسرور-البرزاني-في-صراعه-مع-ابن-عمه-نيجرفان-على--رئاسة-حكومة-كردستان?latest

Policy , 2019/04/30 00:10 Number of readings: 141

 

 

 

BAGHDAD, Iraq -

Turkey's Foreign Minister Mouloud Gawishoglu announced on Monday his country's support for Barzani's delight as the next prime minister of Kurdistan. "The Kurdish regional security adviser, Barzani welcomed today, the Turkish Foreign Minister Mouloud Javishoglu and the accompanying delegation, and discussed with him the latest developments and political and security developments in the region and bilateral relations between Erbil and Ankara." According to the statement, the Turkish Foreign Minister has expressed his hope for "success and conciliatory to Barzani pleasure in the presidency of the new Cabinet Cabinet of the Kurdistan region," expressing "his country's readiness to support and strengthen bilateral relations in all are

[6ly410]

Abdul Mahdi: We seek balanced relations .. Do not stand with the axis against another

Monday 29 April 2019 123

 

Oglu confirms the determination to raise trade exchange with Iraq to $ 20 billion annually

 

Baghdad / Al-Sabah

 

 

Prime Minister Adel Abdul Mahdi received an official invitation from Turkish President Recep Tayyip Erdogan to visit Ankara and expressed his thanks to the Turkish President and his desire to develop relations and increase cooperation with Iraq in all fields and to resolve the outstanding issues between the two countries. Turkish Foreign Minister Mouloud Gawishoglu, Is currently visiting Iraq, that President Erdogan is going to visit Iraq soon, noting that our goal is to raise trade exchange with Iraq to 20 billion dollars annually.

A statement by the Office of the Prime Minister Media, received by the «morning», that Abdul Mahdi, «received in his official office, the Turkish Foreign Minister Mouloud Javishoglu, who handed him a letter from Turkish President Recep Tayyip Erdogan included an official invitation to visit Turkey».

He expressed his thanks to the Turkish president and his desire to develop relations and increase cooperation with Iraq in all fields and to resolve the outstanding issues between the two countries to the benefit of the two countries and the two neighboring peoples. He stressed that «Iraq regained its strength and unity and achieved a great victory against terrorism, And the world ».

"We do not want to stand with one axis against another, but we build excellent and balanced cooperation relations with all the neighboring countries, and we focus on the participants and maximize them to overcome differences," he added.

He called on the Turkish businessmen and companies to establish factories, interests and economic partnerships within Iraq in the fields of industry, trade, reconstruction and land investment. Agricultural.

For his part, Oglu conveyed the greetings of the Turkish President and said: "Iraq is an important country for us and we await your visit with great interest. We are pleased with the internal stability of Iraq. We are also pleased to improve Iraq's relations with all neighboring countries and Iraq plays an important regional role commensurate with its size. History and location. "

In the meantime, Speaker of the House of Representatives Mohammad Halboussi, during a meeting with Turkish Foreign Minister, stressed Iraq's keenness to build balanced relations with all on the basis of respect for mutual sovereignty. The Turkish minister arrived in Baghdad on Sunday morning, met with his counterpart Mohammed Ali al-Hakim and discussed several political, commercial and economic files as well as the regional situation and the Syrian file.

"During his meeting with his Turkish counterpart Gawishoglu, Hakim discussed bilateral relations, areas of joint cooperation between Baghdad and Ankara as well as regional issues, regional issues and issues of mutual interest," the Foreign Ministry said in a statement.

 
 http://alsabaah.iq/8138/عبد-المهدي-نسعى-لعلاقات-متوزانة-ولا-نقف-مع-محور-ضد-آخر

 

[yota691]

 

Trump and Erdogan discuss the issue of trade (Getty)

 

Erdogan renews his proposal to establish a working group on the "S400" in contact with Trump

29 April 2019

The Turkish and US presidents, Recep Tayyip Erdogan and Donald Trump , discussed bilateral and regional issues and the issue of Ankara's purchase of the Russian S-400 missile system in a telephone conversation between them, the Turkish presidency said. 
The Turkish presidency said that Erdogan had proposed to his US counterpart the proposal to form a working group on the purchase of Turkey S-400 system, adding that the two presidents also discussed bilateral issues, and reaffirmed the goal of increasing the volume of trade between their countries to 75 billion dollars annually. 

Erdogan and Trump discussed the latest developments in Syria and agreed to continue to cooperate closely in the fight against terrorism. 

The United States has threatened to impose sanctions if Turkey completes the S-400 deal with Russia, while Ankara said its purchase of Russian missiles does not require sanctions, because Turkey is not a rival to Washington and fulfills its obligations in NATO. 

Last week, the director of the Russian state arms export company said that Moscow would begin delivery of S-400 systems to Turkey in July. 

To date, Washington has rejected a Turkish offer to form a special working group to consider resolving the issue of US objections to the purchase of Russian missiles.

Ankara has already offered Washington the formation of this group to arrive at a reasonable solution for both sides in regard to the "S400". During his visit to Washington this April, on the sidelines of IMF meetings, a Turkish delegation, including Finance Minister Barat al-Bayraq, received a US rejection in this regard.

According to the newspaper "Khobar Turk", the American rejection clearly indicates the existence of wings within the Trump administration of the influential who wish to escalate with Turkey working in parallel with Congress in this framework, and will work to push the outstanding problems between the two countries to Congress if the Turks returned to the US administration and remind negotiations Constructive. 

However, the Turkish pilot training program continues  on the F-35 fighter jets, which Washington has threatened to prevent from supplying to Ankara, reflecting a US desire to reach a solution before the delivery of four such fighter jets to Turkey in October, American Foreign Minister Mike Pompeo to talk about hopes to overcome differences over the purchase of Turkey by Russian missiles. 

The United States claims that Turkey's purchase of the Russian system poses a threat to the advanced F-35 fighter jets while looking with concern at the Russian-Turkish rapprochement.

 

(Anatolia, the new Arab)

[nannab]

Have a good night DV  

[yota691]

The dollar continues to gain globally during April .. Turkey's currency is the worst performer

 

 01 May 2019 08:12 PM
From: Sally Ismail

Direct: The US dollar is on track to reap gains this year, albeit at a slower pace than in 2018.

The performance of the green card comes amidst developments on risky asset markets as well as changing the tone of the Fed and overall economic concerns as the International Monetary Fund (IMF) cut global economic growth estimates for the third time.

The US currency is struggling to keep pace with strong gains in the past year, gaining only 0.2% in April.

 

 

US Dollar Performance in 6 Months - (Bloomberg News)

The dollar lost ground last year as trade fears eased amid US-China trade negotiations to find a solution that is expected to be resolved within two weeks .

The transformation of the hardline monetary trend followed by the Federal Reserve Bank last year to the tone of a very cautious increase pushed interest to the standby mode with the termination of the possibility of taking such action in the entire year.

However, strong gains on the greenback took hold in the last days of April as economic conditions improved markedly.

Revealed economic data that the GDP of the United States record growth accelerated in performance during the first quarter of 2019

The dollar's main index, which followed the performance of the US currency against 6 major currencies, managed to gain 1.36% in the first four months of 2019 after posting the best quarterly gains in almost a year in the first quarter.

Although the gains of the US paper were almost marginal in April, they succeeded in recording strong numbers this year against a basket of major currencies except the British and Canadian currencies.

The dollar was unable to record a significant performance against the euro and sterling in April, with little change but since the beginning of the year it has risen 1.36% against the single European currency amid concerns about economic performance in the euro area while losing 2.12% of its value against the currency of Britain With the developments of the position on the bricast.

As for the performance of the dollar against the Japanese yen , it achieved a monthly gain of 0.5% and rose by 1.58% from the beginning of 2019 until the end of April.

The greenback gained gains against its Swiss, Australian and Canadian counterparts at 2.42%, 0.68% and 0.29% respectively last month.

At the same time, however, the dollar gained 3.79% against the Swiss franc in the first four months of the year, while the greenback was little changed against the Australian dollar but lost about 1.83% of its value against the Canadian dollar for the same period.

On the other hand, the picture was sharply different between the weighted yield and the sharp losses on the performance of emerging market currencies against the dollar.

The Argentine peso is the biggest loser against the dollar this year after losing 15.04% of its value in the months of January to April, and lost 2.16% of its value last month amid growing economic crisis.

The Turkish lira witnessed the largest decline compared to its performance against the green paper last April to lose about 6.68% of its value, which led to an increase of losses since the beginning of the year to 11.32% amid problems related to foreign exchange reserves as well as political and geopolitical tensions.

While the Russian ruble has taken a strong stance against the dollar this year, recording monthly gains of 1.97% and 6.90% in the first four months of this year, supported by rising oil prices.

Both Mexico and South Africa followed their counterparts in Russia to gain gains against the US dollar by 2.52% and 1.30% respectively in the last month. Since the beginning of 2019, they have gained 3.73% and 0.43% respectively.

It should be noted that Mexico 's economy showed a surprise contraction in the first quarter of this year , the preliminary estimate.

While the Brazilian Real did not perform well in April, it lost about 0.97% of its value this year against the Dollar.

In view of the ongoing trade negotiations, the Chinese yuan fell 0.34% against the dollar in April but gained 2.13% in 4 months amid a marked improvement in the country's economic growth .

The Indian currency did not move in front of its US counterpart during the month of April and also since the beginning of the year, to be flat performance is the dominant feature of the Indian Rupee in 2019.

[yota691]

Turkey ranks second in "Worst World Economy"

l2 hours ago

 

 

Successive collapses of the Turkish economy

Sky News Arabia - Abu Dhabi revealed a report published by the Turkish newspaper Zaman, the Turkish decline in asset markets over the past year to a low level, making Turkey the second world after Venezuela in most countries a contraction of wealth.

According to a study by the International Center for International Wealth Migration,Turkish asset markets fell last year to record levels of 23 percent.

Among the 90 countries, Turkey ranked second in the world's richest countries after Venezuela, which recorded an annual decline of 25 percent, with Caracas, which pushed 2.5 million of its citizens to leave, the list of the world's worst economies with inflation rates of about one million percent.

During the study Turkey ranked seventh among 20 countries in the worst performance of the asset markets between 2008 and 2018, reflecting the decline of the Turkish people's wealth between 2008 and 2018 by about 11%.

Last year, Turkey experienced one of the most severe economic downturns in its history due to the shock of the foreign exchange index against the lira in August. Last year, the stock exchange lost about 21 percent and the Turkish lira lost 39.5 percent of its value against the dollar.

The dollar hit its highest against the lira at all on August 13th, after reaching 7.2169 pounds.

Meanwhile, investors and financial markets in Turkey are awaiting the Central Bank's explanations on Thursday about $ 20 billion in foreign reserves "evaporated" from official accounts, economic analysts are making strenuous efforts to track and trace their source.

Turkish official accounts did not include a justification for an increase of up to $ 20 billion in net reserves for the year until March 29, according to eight economists polled by Bloomberg.

For more than a month, financial observers and economic analysts interested in following up on Turkish affairs have been trying to consolidate official data with internal and external financial flows, which together constitute changes in the central bank's accounts.

Since the election of Erdogan as president, Turkey's economic challenges have escalated . The Turkish market fell in August and the economy entered a recession. Inflation rose to its highest level in 15 years, while the value of the lira fell unexpectedly.

[yota691]

The Turkish lira is falling back after selling billions of dollars

 

Arab and international Economy News _ Baghdad TOKYO (Reuters) - The Turkish lira fell on Monday amid investor fears of political uncertainty to give up gains in late last week when two sources told Reuters government banks had sold billions of dollars to shore up the currency.  The lira dropped to 6.10 against the dollar, retreating from the close at 5.9955 on Friday. On Thursday, the Turkish currency hit its lowest level in more than 7 months at 6.2460. The lira rose overnight, touching 5.9610, before easing as morning trade rallied. Views 38   Date Added 05/13/2019

[yota691]

Global agency: Turkish lira is "undervalued"

Economy | 07:07 - 06/06/2019

 

 

 

The 
Turkish lira is undervalued according to fundamentals and will continue to support Turkey's export sector, the Standard & Poor's said on Thursday. 
"Exports have done really well, and that continues, including service exports, and that's a bright spot in the Turkish economy, because the currency appears to be below the real value of fundamentals," said Frank Gill, director of Standard & Poor's, . 
The performance of the Turkish lira during the year was the worst among the emerging market currencies after the Argentine peso, and fell by about 9% against the dollar since the beginning of this year, while lost about 28% of its value in 2018, mainly due to a political dispute that had erupted between Ankara and Washington 29 / h

[NoviceInvestor]

If the Turkish Lira is considered undervalued I wondered if the Iraqi Dinar is considered over inflated? 

Edited June 7, 2019 by NoviceInvestor

[3n1]

4 hours ago, NoviceInvestor said:

If the Turkish Lira is considered undervalued I wondered if the Iraqi Dinar is considered over inflated? 

 

it seems cbi has it where they want it and pretty satisfied since they run a dual currency with the USD doing all the heavy lifting ... all my opinion of course.... cheers , we wait   

[ChuckFinley]

Looking at all these currencies being under valued I think we will be able to get in on some of these as an opportunity to cash in as what we are doing with the dinar.  

[yota691]

Major central banks hint at the return of the global economy to the "zero square"

 12 June 2019 10:18 PM
From: Sally Ismail

Mubasher: After more than 10 years of the global financial crisis, is the global economy back to the "zero square" again?

In 2008, the global financial crisis took place against the backdrop of the bankruptcy of Lehman Brothers , which led to the turmoil of the financial markets in addition to the downward trend that dominated the global economy at the time.

The crisis has prompted major central banks around the world to resort to quantitative easing programs that will inject liquidity into markets to boost the economy and boost growth.

A few years ago, however, these central banks began to move away from those stimulus policies and monetary tightening, in line with strong growth in the global economy.

While the loosening of loose monetary policy is accompanied by signs of a global economic slowdown amid trade and geopolitical concerns.

This uncertainty prompted central banks to change their hawkish rhetoric and raise the banner of "waiting and waiting" until further notice for fear of entering a global recession.

If the economic slowdown becomes too severe, countries may need more stimulus measures that boost economic growth.

The International Monetary Fund (IMF) cut its forecast for global economic growth this year for the third time in six months due to growing trade tensions and monetary policy conditions.

The IMF expects the world economy to grow 3.3 percent this year, 0.4 percent lower than its October 2018 forecast.

At the beginning of 2019, global central banks resorted to changing their hawkish tone to become more cautious while postponing some of the proposed tightening plans.

The Federal Reserve cut its forecast for this year's interest rate hike to zero after it had been expected to raise it twice with its announcement to stay within the "patience with anticipation" policy.

The Fed is setting interest rates at 2.25 to 2.50 percent this year after raising it nine times since the start of the monetary tightening cycle in 2015, including 4 times last year alone.

In this context, the bank has slowed the pace of reducing the balance sheet of the Federal Bank from May last year and be stopped in September.

The Fed's decision comes after several criticisms by US President Donald Trump of the bank's policy on raising interest rates, saying it was hurting the economy.

But the financial markets expect the Federal Reserve to cut interest rates twice by the beginning of next year, to support growth and thwart the prospects for a slowing economy.

Looking at the ECB, it was hinting at an interest rate hike at historically low levels that was moving towards a delay.

At the recent ECB meeting , the bank pledged not to change its monetary policy until at least the first half of 2020 after it had intended to revise it by the end of this year.

At the same time, the bank's president, Mario Draghi , who leaves office later this year , put forward the idea of cutting interest rates by pointing out that the ECB is ready to cut rates or implement other measures if needed.

Earlier this year, the ECB expressed its intention to launch a new series of long-term and cheap bank refinancing from September 2019 to March 2020.

On the other hand, the Japanese government has shown its willingness to implement a flexible policy in the event of escalating economic risks in an effort to maintain the recovery of the economy.

Elsewhere, central banks moved in a large number of emerging markets to cut interest rates amid concerns about the strength of the global economy and trade tensions.

While Turkey's central bank continues to set interest rates at 24 percent since the September 2018 meeting but is also open to adjusting the monetary policy stance based on new data or information.