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Expert: The China agreement cannot be implemented amid political corruption in Iraq ... Washington's approval is necessary


yota691
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On 9/20/2019 at 12:47 PM, Chatrat said:

It appears The Agreements were written to reflect US Dollars, 1 to 1??? .. Go RV!!

Yes all their contracts will be made in the US dollar because they couldn’t print enough dinar to actually pay in the dinar..lol.. also the dinar is not internationally traded and until they actually are and raise the value of their currency they will always use the dollar. People seem to forget that once the dinar does revalue to say a dollar for example, people assume that wow they have all this extra money to spend. That is absolutely false they have no more money to spend if the dinar is worth a tenth of a penny or the next day is worth 1 to 1 and the same value of a dollar. Raising the value does NOT create all this extra magic money! It’s a hard concept to grasp by many hence why you always see Iraq with their hand out for loans. If their value was to change to a dollar today Iraq would still be asking for the same loans tomorrow. They sell energy and oil so whatever that amount of money is they make is all they can spend hence a budget it makes zero difference what the value of the dinar is! A higher value ONLY gives an Iraqi inside that country a greater purchasing power. It does not create extra money for Iraq to spend on their debts!! Now this deal with China who knows, Iraq is going to put their hands out to any country that will give give give them money. All these other countries have forgiven most of Iraq’s debts for which we hope their wis a reason they did with maybe some currency swaps in exchange for forgiving debt but who knows. Guru’s will spin anything they can to either further their selfish cause and or to get paid somehow! A lot of this investment makes sense and should come to fruition eventually as they say but again there is a lot that doesn’t make sense. We have placed our bets and hope this stupid investment pays off in the end that’s about the best anyone can hope for. I have been involved in this crazy currency since 2005 and I have seen every excuse and every guru along the years as to why it has to happen and why it hasn’t happened yet!!! So to me if China gives Iraq all the money they need for reconstruction which personally I don’t think China has the money to do right now they have so many issues themselves with the U.S. until a trade deal gets worked out with use but again that’s my opinion. But the point is with all the money China is supposedly going to give them does that give Iraq any incentive to raise the value? If they can keep kicking the can down the road which Iraq is the best at doing that they very well may just keep the status quo. Again who knows it’s anyones guess and opinion!!

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2 hours ago, Artitech said:

Well they are talking about, Synopses Silk Road! Very good news. We all know they have to give value to the Dinar, the million dollar question is WHEN! 🤠

 

:twothumbs: Oh, YEAH!!!, Artitech, AND The Very Best Of Your Weekend AND Up Coming Week To You!!! :tiphat:

 

Adam suggested THEE "next" "week" COULD BE VERY INTERESTING!!!

 

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I AGREE!!!

 

YYYEEEAAAHHH BBBAAABBBYYY!!!!!!!!!!!!!!!!!!!!!

 

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:eat:   :eat:   :eat:

 

Go Moola Nova (YEAH AND YEE HAW, BABY, READY WHEN YOU ARE BROTHER (OR SISTER) - LET 'ER BUCK!!!)!!!

:rodeo:   :pirateship:

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Hundreds of Chinese and foreign companies in Shanghai are ready to invest in Iraq

Political | 04:52 - 21/09/2019

 
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BAGHDAD -
The governor of Shanghai, Ann Young, said during a meeting with Prime Minister Adel Abdul Mahdi on Saturday, the willingness of hundreds of Chinese and foreign investment companies to work in Iraq in all fields and under the guidance of the Iraqi government.
"Mahdi visited Shanghai, where he arrived Saturday morning, and met with the governor of Shanghai, An Yong, who welcomed the Iraqi delegation, which includes ministers and governors, on behalf of the Chinese people," the prime minister's press office said in a statement received. And the Communist Party and government committee. "
Addressing the Prime Minister and the Iraqi delegation, the Governor of Shanghai said: "You face an arduous task and the city of Shanghai with its diverse and well-known companies is ready to work under the guidance of the Iraqi government and in all fields, especially infrastructure."
The governor pointed to the "depth of Iraqi and Chinese civilizations and the importance of the Silk Road linking the two countries since ancient times," reviewing "the economic, industrial and technological capabilities of this city, which is a world-class commercial center and includes hundreds of Chinese and foreign investment companies, in addition to a large number of universities and research centers And development. "
He reiterated, "the readiness of these companies to work in Iraq."
For his part, Prime Minister Adel Abdul-Mahdi said: "We belong to Asia and we want to be part of its rise. China is at the forefront of the countries leading the rise of the East, and we seek cooperation and partnership with the People's Republic of China and build deep, long-lasting and sustainable relations."
He identified, "the members of the delegation of ministers, governors and sectors they represent and those needed by all the Iraqi provinces that have suffered from a series of wars and terrorism destroyed its infrastructure," noting that "accompanying most of the members of the executive authority is a guide to the government attaching importance to this visit, and we want to make a quantum leap And move to the state of implementation and to the achievements and agreements contribute to the reconstruction of Iraq and infrastructure to be the basis for construction projects.
The Iraqi delegation conducted a tour of the city, which included the Shanghai Electric Electric Power Equipment Manufacturing Company
.
The Prime Minister and a number of ministers and governors talked about "projects, needs and opportunities in the areas of work of (GE) related to energy, transport and infrastructure, cooperation in the administrative and financial aspects, training Iraqi staff and developing local expertise."
The Prime Minister and the official delegation concluded his visit to Shanghai by visiting Yang Shan Port and meeting with officials at the port, which contributes to the Iraqi-Chinese trade exchange.
The Prime Minister described the visit of Yang Shan Port in Shanghai as "one of the most important stations to take advantage of the Chinese experience and expertise in the field of building and developing ports, especially in the city of Basra and the great port of Fao."

 

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Mahdi probably has a cramp in his arm from being outstretched, palm open, after all the recent trips to 'welcome' investment in Iraq. What does he have to offer?? Not much. They're all about talking since the 2018 Reconstruction conference. And GOI is stuck in neutral and going nowhere too. Article 140 and HCL are sitting on bench, waiting to play with the big boys, but relegated to bench warming water boys. Pathetic.

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On 9/20/2019 at 2:09 PM, Laid Back said:

The visit to China is of major significance for Iraq and could lead to the upcoming economic revolution.

 

Iraq geographic location is of significant importance for the new Silk Road.

 

Go iraq

Go China 

Go new Silk Road 

Go RV

Go economic revolution 

Would have to agree. I have been following this for some time. China is all about the "Road and Belt" or also know as "One Road  One Belt". This will cover over 157 counties. There is already talk of Panama and Mexico joining. This is a little more complicated than just trade. China is CASH heavy and they are using it in the Americas to build inroads. 

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The economic adviser to Prime Minister Adel Abdul Mahdi, on Sunday, that the volume of business between Iraq and China will exceed 500 billion dollars in the next 10 years.

Said Abdul Hussein Hinan in an interview with Alsumaria's News, he said that " the volume of business between Iraq and China target over the next ten years would exceed $ 500 billion, starting from now and from this visit."

It began on Thursday since last September the current 19, an official visit conducted by Prime Minister Adel Abdul - Mahdi to China , accompanied by a delegation comprising ministers, governors and advisers, with a view to holding agreements and understandings between Baghdad and Beijing in several areas , including education, transport, industry and agriculture.
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17213.jpg
 
  

 money and business


Economy News _ Baghdad

Deputy Prime Minister for Economic Affairs and Finance Minister Fouad Hussein discussed with the Chairman of the Board of Directors of (CITIC) Bank of China steps to finance strategic projects in Iraq.
According to a ministry statement received by the Economy News, Hussein met with the Chairman of CITIC Bank (Janak Zamak), accompanied by the Ministers of Transport and Electricity, Governors of Baghdad, Basra, Karbala, Wasit, Diyala, Anbar, Maysan, Erbil, Sulaymaniyah, Dohuk, Wasit and Dhi Qar Governors.
The statement added that "during the meeting reviewed the measures that will be taken by the two sides to complete the banking preparation for the second step after the opening of accounts in order to start financing projects, which will focus on infrastructure projects, strategic projects and internal and external railway networks."
The Iraqi delegation in China is conducting a series of meetings and technical meetings in order to strengthen economic relations between the two countries.


Number of Views 45   Date Added 22/09/2019

 
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  • yota691 changed the title to Tomorrow, Iraq and China will sign important agreements
Date of edit:: 2019/22 8:27  562 times read
Tomorrow, Iraq and China will sign important agreements
BEIJING: Chinese Prime Minister Adel Abdul Mahdi and his senior government delegation will sign agreements and memorandums of understanding between the two countries in the fields of rebuilding infrastructure, oil, electricity and other vital areas.
Abdul Mahdi, accompanied by Chinese officials, will inaugurate the third Iraqi-Chinese Economic Forum tomorrow.
It is scheduled to visit the Iraqi delegation on Sunday to visit the company (Huawei) giant of Chinese communications and tour the landmarks of the Great Wall of China.
"China belongs to Asia and we want to be a part of its rise," he said.
Shanghai Governor Ann Young welcomed the Iraqi delegation, which includes a large number of ministers and governors. Addressing the Prime Minister and the Iraqi delegation, he said: .
Prime Minister Adel Abdul Mahdi, known to members of the delegation of ministers and governors and the sectors they represent and those needed by all Iraqi provinces that have suffered a series of wars and terrorism destroyed its infrastructure, indicating that the accompaniment of most of the executive A qualitative leap and move to the state of implementation and to the achievements and agreements contribute to the reconstruction of Iraq and infrastructure to be the basis for construction projects.
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42004.jpg?watermark=w4

 

The Ministry of Finance is discussing in China the procedures for financing projects

  •  September 22, 2019 - 6:42
BAGHDAD / SUMMER NEWS Deputy Prime Minister for Economic Affairs and Minister of Finance, on Sunday, with the management of the Chinese bank Sitk Bank banking measures with China to finance infrastructure projects. According to a statement issued by the Minister of Finance, Fouad Hussein met today with the Chairman of CITIC Bank Jank your time in the presence of the Ministers of Transport and Electricity and the Governors of Baghdad, Basra, Karbala, Wasit, Diyala, Anbar, Missan, Erbil, Sulaymaniyah, Dohuk, Wasit and Dhi Qar. "During the meeting, the two sides reviewed the measures taken by the two sides in order to complete the banking preparations for the second step after opening the accounts in order to start financing the projects, which will focus on infrastructure projects, strategic projects and internal and external railway networks," the statement added.
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12 minutes ago, kwg said:

Just to put this in perspective they have estimated that they need 88 billion to rebuild the infrastructure in Iraq this deal will do that approximately 6 times over.

 

I believe they’re implying to bilateral trade.

I’m sure there’s a sizable amount of oil money in there. 

 

 

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Abdul Mahdi reveals the volume of business between Iraq and China during the next ten years

Political | 03:08 - 22/09/2019

 
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Baghdad - Mawazine News
Prime Minister Adel Abdul Mahdi, on Sunday, the volume of business between Iraq and China during the next ten years.
"The volume of business between Iraq and China target over the next 10 years will exceed 500 billion dollars," Abdul-Mahdi told the Phoenix TV channel.
He added, "These actions will start from now and from this visit, which is conducted by the Iraqi delegation to China."
Prime Minister Adel Abdul Mahdi is currently visiting China, starting last Thursday, accompanied by a delegation of ministers, governors and advisors, with the aim of concluding agreements and understandings between Baghdad and Beijing in several areas focusing on infrastructure including roads, education, industry, agriculture, telecommunications, health and others. Done 29/6 N.

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2019/09/22 11:20:24 AM 92

Finance Minister discusses with Chinese bank CITIC Bank to finance infrastructure projects in Iraq

Finance Minister discusses with Chinese bank CITIC Bank to finance infrastructure projects in Iraq

 

Baghdad / Al-Ghad Press:

Deputy Prime Minister for Economic Affairs and Minister of Finance Fuad Hussein, on Sunday, with the Chairman of the Board of Directors of Sitec Bank Junk your time, the financing of infrastructure projects and strategic projects in Iraq.

 

 

A statement by the Finance Minister's Office received a copy of it, "Hussein met, today, your time accompanied by the ministers of transport and electricity and the Governors of Baghdad, Basra, Karbala, Wasit, Diyala, Anbar, Maysan and the governorates of Erbil, Sulaymaniyah, Dohuk, Wasit and Dhi Qar."

He added that during the meeting, the two sides reviewed the measures taken by the two sides to complete the banking preparations for the second step after opening the accounts in order to start financing the projects, which will focus on infrastructure projects, strategic projects and internal and external railway networks.

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Date of edit:: 2019/22 15:25 • 101 times read
Abdul Mahdi expects the volume of trade with China in the next decade
BAGHDAD: The Prime Minister Adel Abdul Mahdi said on Sunday that the volume of business between Iraq and China over the next ten years will rise significantly.
"The volume of business between Iraq and China target over the next 10 years will exceed 500 billion dollars," Abdul-Mahdi told the Phoenix TV channel.
Abdul-Mahdi, arrived last Thursday, to China at the head of a large high-level delegation, to participate in the work of the World Conference on Industrialization and discuss bilateral relations and the implementation of projects for Chinese companies inside Iraq.
Abdul-Mahdi, a large delegation, accompanied by China, including a significant number of ministers and officials, including conservatives from all provinces of Iraq.
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Iraq and China will sign important agreements and memos tomorrow

09:58 - 22/09/2019
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photo_2019-09-22_12-59-17-696x464.jpg


BEIJING, Aug. 22 (Xinhuanet) - Chinese Prime Minister Adel Abdul Mahdi and his senior government delegation will sign important agreements and memoranda of understanding between the two countries on Monday .
The agreements will cover the reconstruction of infrastructure, oil, electricity and other vital areas. Abdul Mahdi, accompanied by Chinese officials, will inaugurate the Third Iraq-China Economic Forum.
The prime minister will hold official talks with Chinese President Xi Jinping, Premier Li Ki-xiang and other Chinese leaders.
It is scheduled that the Iraqi delegation on Sunday a visit to the company «Huawei» Chinese communications giant and tour the landmarks of the Great Wall. Done / 25

https://www.almaalomah.com/2019/09/22/430184/

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  • yota691 changed the title to Expert: The China agreement cannot be implemented amid political corruption in Iraq ... Washington's approval is necessary

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