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Strategic Expert: The Value Of The Iraqi Dinar Will Decrease In Relation To The US Dollar As Oil Falls !

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Economist: The dollar exchange rate will not be affected
by the drop in oil prices

 

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09:15 - 11/03/2020
 
 

The economic expert, Saleh Al-Hamash, confirmed on Wednesday that the exchange rate of the dollar in the Iraqi local market will not be affected by the present time due to the drop in oil prices, pointing out that the effect will be clear if the decline in oil prices continues for a year from today.

Al-Hamash said in a statement to the "information", that "currency prices are affected by the total output of the country, but in Iraq the central bank is trying to maintain the exchange rate of the dollar through the auction of selling the currency at 120 thousand to 100 dollars."

He added that "the exchange rate of the dollar, even if affected by the current crises, is back at the level of 120 thousand, but if the crisis continues for a long time up to a year from today, the effect will be evident on the exchange rate."

And that "the dollar exchange rate will be affected by the government's resort to the cash reserve for a long time, especially if this reserve is used to bridge the budget deficit", pointing out that "there are agreements with the International Monetary Fund to maintain the dollar exchange rate inside Iraq ."

He explained that "Iraq has 65 billion dollars in strategic storage represented in dollars and gold in addition to the investment portfolio containing 3 billion dollars."

He pointed out that "gold prices rise with every variable or instability that occurs in the market, where investors and merchants resort to gold and real estate in order to preserve their money, so the increased demand for this mineral will raise its value in the market." 

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Iraq is able to cope with the financial crisis

Wednesday, March 11, 2020

 

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Baghdad / Mustafa Al-Hashemi / Shukran Al-Fatlawi
 

Specialists in the economic affairs confirmed that the central bank is able to support the Iraqi economy in the face of the financial crisis, especially after the central bank announced the growth of foreign reserves for the year 2019 by 5.52 percent from what it was in 2018. 
"The performance of the central bank in terms of reserves and foreign exchange is positive and will be reflected positively on the economic situation in the country," said the economist, Manaf Al-Sayegh.
 
Face the conditions
In his speech to Al-Sabah, Al-Sayegh said that "the conditions that Iraq is going through must be faced with a drop in oil prices and the global crisis due to the spread of Corona virus," adding that "the link between the central bank and state institutions appears when the country is going through a financial crisis as happened in the events of the year 2014, as he financed the government with cash as an internal debt.
He explained, "It is possible to benefit from the current performance of the central bank in this direction, especially since the country is currently at the heart of the financial crisis in light of these conditions," stressing "the independence of the central bank, which is not far from the financial and economic performance of the state in terms of the bank's performance in managing cash ».
He focused on "the existence of cooperation between the bank and the government on the basis of supporting the latter in the direction that serves the development of the country, sustaining institutional work and developing an alternative plan in light of the current circumstances."
 
Economic support
In turn, the economic academic, Dr. Essam Al-Mahawili, indicated that the more reserves the central bank has, the more support there will be for the economy.
Al-Mahawili told Al-Sabah that “it is possible to use part of the reserve to support the operational budget, as well as for lagging projects, as the central bank is the main nerve of the Ministry of Finance, just as any central bank in the world is the pillar of its financial state that it depends on in the face of Crises ».
According to a statement of the Central, it was lost 
The data of the annual report of foreign reserves showed a positive performance in 2019 compared to 2018, as a result of the increase witnessed by the central bank purchases from the US dollar from the Ministry of Finance compared to its sales through the currency sale window, as well as the profits accrued from the returns of the investment portfolio in its various segments.
 
Investment portfolios
At the level of investment portfolios, its value achieved a net growth in the year 2019 of 18.4 percent compared to the year 2018, accompanied by a growth of returns on these portfolios in 2019 by 59 percent compared to 2018, and the ratio of these returns to investment portfolios in 2018 Almost 1.7 percent, while the proportion of returns to investment portfolios in 2019 increased to approximately 2.3 percent.
 
Gold reserves
He continued «As for the gold segment, it grew in the year 2019 by 18.8 percent compared to 2018, despite the fact that the central’s investment in this asset has not increased during this year, but the increase in the value of these holdings came as a result of the significant increase witnessed in the global gold price . »
Iraq is ranked 38th in the world with its gold holdings, and 5th in the Arab world, with a total of 96.3 tons.
 
International relations
As part of this bank’s plan to enhance returns on reserves and build capacity in the field of self-reserve reserves, this bank established numerous international banking relations during 2019 and entered into agreements and memoranda of understanding with a number of international banks and major financial institutions, such as the International Bank for Reconstruction and Development and the Arab Monetary Fund, As well as international institutions concerned with investment management.

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Parliament and the government intend to launch a
comprehensive plan to ward off the risks of low oil prices

 

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11:00 - 11/03/2020
 
 

The Parliamentary Finance Committee announced, on Wednesday, that it intends in coordination with the government to launch a "comprehensive economic plan" to ward off the risks of low oil prices on the country, while stressing that the plan includes reconsidering the items of the 2020 budget by pressing on spending and deleting unnecessary paragraphs while increasing non-oil revenues and following them precisely.

Committee member Ahmed Al-Saffar said in a statement that followed him / the information: “The urgent immediate plan is to reconsider the state’s general budget items for public expenditures, by deleting what is not necessary, such as delegations and conducting a careful follow-up process for non-oil revenues from border ports and taxes to squeeze spending. And increasing revenue. ”

He added, "We need to reduce dependence on oil and move the actual economic sectors in order not to repeat such a crisis in the future." Noting that "Iraq is a rich country and has full sources of wealth, material, human, agricultural, industrial, commercial, tourism, labor and strategic location."

He pointed out that "the committee seeks to transfer oil revenues and invest them in other sectors, and pave the way for the private sector to participate in the state and return agriculture to what it was in the past", stressing at the same time, that "the salaries of employees are a red line and cannot be crossed."

Al-Saffar said that "the recent package of reforms launched by resigned Prime Minister Adel Abdul-Mahdi carried the budget a lot, as salaries increased from 38 to 53 trillion dinars after returning the dismissed persons to the ministries of interior and defense and providing new job grades in a number of ministries." 

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Parliamentary Finance: The collapse of oil prices will not
last long and we will reconsider the 2021 budget

 

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14:02 - 11/03/2020
 
 

Member of Parliamentary Finance Committee Ahmad Hama assured, Wednesday, that oil prices will rise in the coming days after some oil exporting countries retreat from individual decisions, indicating that the committee will review the draft budget law 2021.

Hama said in a statement to "Information", that "the collapse of world oil prices will not last long because countries retreat from individual decisions regarding the sale of oil, as well as the decline of the Corona virus, especially in China."

He added that "Iraq sells about one million barrels per day of oil to China, and those imports were affected by the outbreak of the Corona epidemic in China."

He noted that "the budget of 2020 ended and will be reconsidered by law in 2021 and put some improvements on the economy in the event of a government new," noting that "the Committee met not prejudice at all salaries or staff allowances , whatever the loss of Iraq due to the decline in world oil prices." 

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International partnerships to develop the local financial sector

 

Wednesday, March 11, 2020

 

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Baghdad / Al-Sabah 
 
 
Member of the Baghdad Economic Forum, Jassem Al-Aradi, emphasized, "the importance of the existence of an evolving international effort in Iraq through direct presence or bilateral partnerships between international or local partners."

And Al-Aradi "The international workplace requires the presence of modern development tools that the international workplace is witnessing, especially in the financial sector, which suffers from a number of challenges. Despite the good performance of the Iraqi Central Bank in the field of combating money laundering and terrorist financing, but an international effort supported in its work will inevitably be The results are positive and benefit the country. ”

He pointed out that "the Iraqi financial sector is in urgent need to develop its performance in accordance with international labor contexts, which are in harmony with the desires of major international companies, and thus companies develop performance and give our human resources new, sophisticated experiences."

Refinitiv has partnered with IBTS Iraqna, a leading consulting firm in the field of financial crime training and the provision of information technology consulting in Iraq, to provide Iraqi financial institutions with effective compliance services aimed at strengthening its program to reduce risks in the field of financial crime combat .

As part of the partnership, the World Check database will provide Refinitive solutions for "know your customer" and information about anti-money laundering laws for Iraqi financial institutions and will help reduce their exposure to the risks of financial crime. This will contribute to increasing the level of efficiency of financial institutions in complying with the recommendations of the Financial Action Group (FATF) and the global penal laws.

The lack of accurate data and reliable sources is a real challenge for identifying high-risk individuals and institutions in Iraq. Financial institutions lack access to training services in the areas of combating financial crimes such as maintaining sanctions lists, detecting persons at high risk, and accessing an effective compliance application.

According to the results of the Refinitiv Report on Financial Crime in the MENA Region for 2019, 44 percent of respondents have been victims of financial crime in the past five years. While about 87 percent of them expect that the technology used by them will continue to evolve over the next two years, while 70 percent expect an increase in investment in implementing compliance over the next two years.

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{Made in Iraq} .. quality, quality, and reasonable prices

 

Tuesday 10 March 2020

 

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Baghdad / Farah Al-Khaffaf
 
 
The Iraqi media network recently took interest in the national product, an important space and positive feedbacks that reflected on the movement of the market and the increase in demand for the national product, which has quality and quality appropriate to the Iraqi citizen and appropriate prices. In this regard, industrial expert Aqeel Al-Saadi told Al-Sabah: “Citizens are beginning to realize quality and quality The national product, as well as its appropriate prices. "

Registered trademark
He added that "the recent conditions that the country went through, in addition to comparing our products to what is available in the market, in addition to reviving dozens of factories and factories, all of which resulted in the citizen’s orientation towards everything written on his registered mark (made proudly in Iraq)".
He continued that "the national product is higher than its counterparts in most of the neighboring countries and the region," urging "the necessity of investing this popular desire and a great rush towards products." Locally. "
In the meantime, the General Company for the manufacture of medicines and medical supplies in Samarra (one of the companies of the Ministry of Industry and Minerals) achieved the highest sales value last February, amounting to more than (5) billion and (123) million dinars for the first time in ten years Ago.

New production lines
This was revealed by the general manager of the pharmaceutical company, Abd al-Hamid Abd Al-Rahman Al-Salem, indicating that the company was able to achieve this high value in its sales for the first time in ten years by marketing and selling its products from medicines and medical preparations to the local market with a value of (4) billion and (378) One million dinars, while the value of sales to the Ministry of Health amounted to (744) million and (500) thousand dinars, disclosing the company’s intention to produce new products for the first time in the country, adding new production lines, resuming the work of all suspended lines, and granting exclusive agencies to specialized scientific offices, which will affect Significantly In high rates of production and increase in sales.
Al-Salem also stressed that "these indicators give a clear indication of the company's ability to reach the breakeven point according to which it will turn into a profitable company in the near future."
 
High quality product
Al-Saadi returned and emphasized that "Iraqi companies have the ability to increase production and provide a high-quality national product, especially as they possess many skilled technical owners and engineering owners, and they are also committed to international specifications and determinants of the quality certificates." 
And that "recent events have turned citizens' attention towards the national product of all kinds, and its demand for it," encouraging producers in the public and private sectors to increase local products and their diversity, and to pay attention to its general form and methods. Encapsulate it. "
Al-Saadi also explained that "the increased demand for local products contributed to the revitalization of the stalled factories and factories, thus increasing the employment of skilled and unskilled manpower, which enters the money in the economic cycle of the country, and reducing dependence on oil as a main resource to meet the requirements of the public budget, thereby enhancing development on Remote Term . "

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Parliamentary Finance: The collapse of oil prices will not affect the exchange of the dollar and the launch of job grades

 

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17:31 - 11/03/2020
 
 

The Parliamentary Finance Committee confirmed, on Wednesday, that the collapse of world oil prices will not affect the exchange rate of the dollar against the Iraqi dinar, while it indicated that the government will continue to launch the job grades achieved after the parliament voted on the new retirement law.

Member of the Committee, Siham Shanoun, said in a statement to "Information", that "the exchange rate of the dollar against the Iraqi dinar is still fixed and will not be affected by the collapse of world oil prices and its decrease to 30 dollars." Budget deficit".

She added that "oil prices will not remain in this way and there are indications of their rise during the turbulent days," noting that "the government is committed to launching job grades within the landlord movement that the new retirement law has sorted out."

Oil prices fell today, Wednesday, abandoning their early gains, after Saudi Aramco said it had received guidance from the Ministry of Energy to increase its production capacity by one million barrels per day. 

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20 hours ago, DinarThug said:

A former minister expects to cut the salaries of employees and reduce the value of the dinar due to the collapse in oil prices 

 

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Politics 03/2020 22:10 1238 Editor: ht   


Baghdad today - Baghdad 

 

The former Minister of Transport, Amer Abdel-Jabbar, expected, on Tuesday (10 March 2020), to reduce employee salaries and increase deductions and taxes, in light of the decline in oil prices in Iraq. In order to reduce the budget deficit.

Abdul - Jabbar in an interview on "point of view" provided by the media Nabil Jassim, on the satellite channel of the Tigris, said that " the continuation of monetary policies and the government 's current contexts itself with a sharp decline in oil prices would be disastrous, and the employee should be expected to deduct his salary perhaps half or exchange part of His salary every two months, "noting that" the next stage may witness a decrease in employee salaries and increased deductions and taxes to reduce the budget deficit. "

He added that "the Iraqi dinar is on its way to float (i.e. reduce its value), and the Iraqi government may have to increase the exchange rate of the dollar to 1250 dinars against the dollar in order to obtain additional funds estimated at 4 trillion dinars in the budget and this matter is positive because it will allow encouraging the national industry because it will raise the value Imported goods and makes domestic competitive. "

He added, "We are afraid of a government decision to reduce the price of the dinar against the dollar to 1300 or 1350 in the event that the drop in oil prices is catastrophic. This float will cause the price of commodities to rise and burden the citizens. The state may use it to reduce the budget deficit."

Abdul-Jabbar continued, "The government's decision to place customs and other exemptions to remove visa amounts with some neighboring countries has harmed Iraq and contributed to preventing the entry of important revenues to the state," noting that "since 2018, he warned of low oil prices in 2020".

He pointed out that "the advisory base available to the Prime Minister is not qualified to deal with major crises, especially those related to low oil prices." He added that "the current advisers are friends of the Prime Minister, one of them told me: whoever understands his work with specialists will not enable him to reach the Prime Minister." Because it will take the place of others. " 

Abdul-Jabbar said that "the recent appointments made by the Prime Minister killed the state and burdened its financial resources, and there is a 200-square-meter department with 270 employees." 

Earlier today, Tuesday, the Finance Committee revealed the fact that the salaries of employees and retirees have been discussed after the drop in oil prices.

The committee confirmed, according to a book issued by it, "The news circulated regarding the reduction of the salaries of employees and retirees is incorrect, and it categorically denies the intention of the financial committee or the parliament, and the government delve into this issue as it is an acquired right."

She pointed out that she "is currently working to develop appropriate and faraway solutions to the issue of employee salaries, in order to advance the reality of the Iraqi economy."

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Former minister: Iraqi dinar on the way to "float"

 

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11th March, 2020
 
 
The former minister, Amer Abdul-Jabbar, confirmed today, Wednesday, that the Iraqi dinar is on the way to floating, in light of the sharp decline in oil prices, while noting that employees should expect that during the coming days their salaries will be deducted.

"The continuation of monetary policies and the current government in the same contexts with the sharp decline in oil prices will be catastrophic, and the employee should expect to deduct his salary, perhaps for half, or exchange part of his salary every two months," noting that "the next stage may witness reduced employee salaries, deductions and taxes to reduce the budget deficit." 

He added that "the Iraqi dinar is on its way to float (i.e. reduce its value), and the Iraqi government may have to increase the exchange rate of the dollar to 1250 dinars against the dollar to obtain additional funds estimated at 4 trillion dinars in the budget and this matter has advantages because it will allow encouraging the national industry because it will raise the value Imported goods and makes domestic competitive."

He added, "We are afraid of a government decision to reduce the price of the dinar against the dollar to 1300 or 1350 in the event that the drop in oil prices is catastrophic. This float will cause the price of commodities to rise and burden the citizens. The state may use it to reduce the budget deficit."

Abdul-Jabbar continued, "The government's decision to place customs and other exemptions to remove visa amounts with some neighboring countries has harmed Iraq and contributed to preventing the entry of important revenues to the state," noting that "since 2018, he warned of low oil prices in 2020".

He pointed out that "the advisory base available to the Prime Minister is not qualified to deal with major crises, especially those related to low oil prices." He added that "the current advisers are friends of the Prime Minister, one of them told me: whoever understands his work with specialists will not enable him to reach the Prime Minister." Because it will take the place of others."

And Abdul-Jabbar said, "The recent appointments made by the Prime Minister killed the state and burdened its finances, and there is a 200-square-meter department with 270 employees."

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8 minutes ago, ChuckFinley said:

A big Tnank You Thug. 


And A Big Ur Weclome Right Back At Ya Chuckles ! :o 

 

:D  :D  :D 

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Abdul Mahdi directs a series of measures to mitigate the negative effects on the economy

 

Abdul Mahdi directs a series of measures to mitigate the negative effects on the economy
 
 
11/3/2020 16:42:55
 
 
Today, Wednesday, resigned Prime Minister Adel Abdul-Mahdi chaired a special meeting on the general budget and the implications of low global oil prices and confronting Corona virus, to diagnose the current economic situation and how to reduce the burden on the budget and stimulate the movement of the economy.
 

Abdel-Mahdi directed, according to the statement of the Prime Minister's Information Office, "a series of measures to mitigate the negative effects on the economy and the citizen, confirming his confidence in the ability of Iraq to overcome challenges and build on the achieved economic and health successes."

The main issues referred to and the powers of the current government regarding the budget law were discussed as it is a government that conducts daily matters.

The meeting was attended by the ministers of finance, oil and planning, the governor of the Central Bank and a number of agents, consultants and economic experts.


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Abdel-Mahdi directs a series of measures to mitigate the effects of low oil prices on the economy and the citizen  

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Parliamentary Health: Parliament sessions were postponed
for two weeks due to Corona

 

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16:50 - 11/03/2020
 
 

The Parliamentary Health and Environment Committee affirmed, on Wednesday, that the parliament postponed its sessions for two weeks to avoid gatherings according to the recommendations of the Crisis Cell to prevent corona virus.

Member of the committee, Safaa Muslim, told Al-Maalouma that "the crisis cell recommended continuing to prevent gatherings and meetings in all joints and to reduce the permanence of government departments by 50% to avoid infection with the Corona virus."

She added that "the council, within the directions of the crisis cell, will suspend its sessions during the current two weeks to prevent gatherings and the spread of the Corona virus."

She explained that "the measures are a precautionary step after a vacation spent by the council, it is possible that a number of deputies were traveling to countries where the virus is spread and to avoid infection, the sessions will be postponed for two weeks as well as the continuation of fogging operations." 

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Iraq announces development of a vaccine against the Corona virus and begins its experiment on animals

 

jafer-allawi.jpg

 

11th March, 2020


Iraqi Health Minister Jaafar Allawi announced, on Wednesday, the start of developing a special vaccination against the Corona virus, confirming the start of work through animal experiments.

Allawi said, "We sent orders to the Viral Diseases Division at the Ministry of Agriculture to study the issue of obtaining a vaccine and started working on it through animal experiments." He added that his ministry "is seeking the help of Iraqi cadres to find a vaccine against corona that is also used for recovery cases to prevent the disease from returning to them."

He added that "Iraq succeeded in facing Corona compared to Britain, France, Italy and other countries," noting that "the disease spread to Iran, and that Iraq, despite its weak capabilities, succeeded in dealing with it." The Iraqi authorities are taking measures to prevent the spread of the virus, after the death of 8 cases out of 72 infections throughout the country, while 20 others have recovered, according to the Ministry of Health.

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He gave comparative results .. Iran announces the production
of a drug to treat people with "Corona"

 

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11th March, 2020

 


The Iranian Ministry of Health announced the production of a drug to treat those infected with the emerging "Corona" virus, and said it had given comparative results.

A spokesman for the Iranian Ministry of Health, according to "Russia Today", said that "a local drug to treat those infected with Coronavirus has given relative results 24 hours after injection," noting that "it is too early to judge and fully evaluate it."  He added that "this drug can be produced within 3 weeks."

In addition, Iranian President Hassan Rouhani announced today, Wednesday, that his country is trying to control the spread of the Corona virus, and called on citizens to avoid movement within the country.

He said during the government meeting that "the Iranian authorities are working to combat the Corona virus and not to worsen the lives of citizens and secure all their needs."

Rouhani pointed out that "the economic team in the government contributes to fighting the Corona virus by securing foreign currencies and basic commodities for citizens."

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FROM SOCIAL MEDIA ...

 

 
We call on the Iraqi Central Bank to be a plastic (polymer ) currency so that it is washable, sterilized and resistant to damage.
We hope that any new printing of the currency will be of this quality and be replaced over time

 

Image may contain: 1 person

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I wouldn't trust them to inject ANYTHING into me!! 

They'll probably lace it with something to take you out, for good!

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Victory reveals a new personality entered the race to run for
prime minister

19:37 Tuesday 10 March 2020
 

People - Baghdad

 

On Tuesday, the Victory Coalition revealed the most prominent candidates for the prime
minister, stressing the importance of assigning it to an economic personality, stressing
the emergence of a new name among the candidates for the position.

In a statement to the official news agency and followed by "Nass", today (10 March 2020), the
deputy of the coalition, Falah Abdul Karim, said that "the President of the Republic is limited to
a period specified by the constitution of 15 days to assign a candidate to head the government,"
stressing that "there is a parliamentary movement and another One of the political blocs to
agree to nominate a person capable of managing the country in the next stage.

He added that “Asmaa was presented and is still being presented as candidates for the prime
minister, most notably Ali Shukri, Adnan Al-Zrafi and Sami Al-Araji,” stressing “the necessity
of choosing an economic figure for the prime minister, capable of overcoming the
financial crisis in the country due to low oil prices, as well as the conditions that
the country is going through as a result of the Corona virus ”

He pointed out that "the Corona virus caused a global economic paralysis, and had
a negative impact on the world economies, airlines and commercial exchanges,
as well as on oil prices", indicating that "the Iraqi economy is rentier dependent
on oil only, because the continued decline in oil prices may lead to an economic
catastrophe in the country.
"

He stressed that "the current stage requires a strong prime minister and
has an economic vision to be able to overcome crises,"
 noting that
"in 2014 there was a major financial crisis due to the collapse of oil
prices, but the government at that time managed to overcome the
crisis."

He pointed out that "the failure of the previous governments is not borne by the
Prime Minister, but rather by the political blocs, because all of them participate
in the previous governments and have ministerial portfolios and special degrees."

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In names ... Shiite forces form a seven-party committee to
select a president for the Iraqi government

 

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11th March, 2020


A political source revealed early on Tuesday that the Shiite political forces formed a committee of seven people, who is responsible for choosing a prime minister instead of resigning Adel Abdul Mahdi.

"A seven-party committee of Shiite parties was formed to choose the prime minister and send a book to President of the Republic Barham Ahmed Saleh to assign him to form a transitional government instead of the current caretaker government," the source said to Shafak News.

The source explained that the committee includes: Nabil Al-Tarfi on the "Saeron" coalition, Adnan Fayhan on the "Al-Fateh" coalition, Ahmed Al-Fatlawi on the "stream of wisdom", in the name of Al-Awadi on the "Victory" coalition,  Hassan Al-Sunaid on the "State of Law" coalition, and Haider Al-Fouadi on The “Atta” party, and Abd al-Hussein al-Musawi on the “Al-Fadhila Party”.

The Prime Minister-designate Muhammad Tawfiq Allawi announced his withdrawal from the formation of the transitional government after the parliament failed twice to hold an extraordinary session to give confidence to his government .

The President of the Republic, Barham Ahmed Salah, agreed to Allawi's withdrawal, announcing the start of his consultations to choose an alternative candidate within a period of 15 days within the scope of his responsibilities according to the permanent Iraqi constitution .

Iraq is still without a government since the resignation of former Prime Minister Adel Abdul-Mahdi, which he submitted under pressure from the supreme authority of the Shiites represented by Ayatollah Ali al-Sistani, and after the escalation of violence against protesters .

Allawi was supported by two of the largest Shiite blocs in Iraq, namely, the "Walkers" coalition called by the leader of the Sadrist movement Muqtada al-Sadr, and the "Al-Fatah" coalition led by the Secretary General of the Badr Organization, Hadi al-Amiri .

Most of the Kurdish and Sunni political forces, in addition to the popular movement in the central and southern regions of Iraq, expressed their opposition to Muhammad Allawi assuming the presidency of the transitional government .

And the leader of the movement, Muqtada Al-Sadr, and after Allawi’s apology for assigning him, issued a position in which he expressed his dissatisfaction with the failure of the parliament to give confidence to the transitional government, accusing what he called the "corrupt three" of controlling the fate of Iraq .

The capital, Baghdad, and the predominantly Shiite areas in the center and south of the country have been witnessing since early October of 2019 protests calling for the removal of the ruling political parties and forces accused by the demonstrators of corruption and association with external parties, as well as the holding of early elections.

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17 minutes ago, DinarThug said:

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Iraq announces development of a vaccine against the Corona virus and begins its experiment on animals

 

jafer-allawi.jpg

 

11th March, 2020


Iraqi Health Minister Jaafar Allawi announced, on Wednesday, the start of developing a special vaccination against the Corona virus, confirming the start of work through animal experiments.

Allawi said, "We sent orders to the Viral Diseases Division at the Ministry of Agriculture to study the issue of obtaining a vaccine and started working on it through animal experiments." He added that his ministry "is seeking the help of Iraqi cadres to find a vaccine against corona that is also used for recovery cases to prevent the disease from returning to them."

He added that "Iraq succeeded in facing Corona compared to Britain, France, Italy and other countries," noting that "the disease spread to Iran, and that Iraq, despite its weak capabilities, succeeded in dealing with it." The Iraqi authorities are taking measures to prevent the spread of the virus, after the death of 8 cases out of 72 infections throughout the country, while 20 others have recovered, according to the Ministry of Health.

 

The CBI has a vaccine for the virus....but they wont use it......

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3 minutes ago, TexasMike1958 said:

The CBI has a vaccine for the virus....but they wont use it......


They Need To Inject Their Anemic Currency With A Booster In The Backside ! :o 

 

:D  :D  :D 

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18 hours ago, Rochester said:

 

Thanks so much Rochester..your post is the best I've seen lately here...it says the real situation in Iraq..no more no less...thanks again and God Bless You !  :}

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Why should the Dinar be traded internationally? Think about it, from a common sense point of view: What's the point of trade, for a country like Iraq?...That's a key question and an honest answer:The thing is, no offense to the people of Iraq, but your country, especially the leadership, seems full of turdy **** heads. :bananacamel::rake:🚽💩

 

Your leaders have no clue, how to run a country. They are corrupt and lazy and stupid, with a few exceptions. Your country of Iraq is unproductive and fairly useless. Perhaps that will change in time. I don't mean to insult Arabs, but your culture sucks....because it is mired in the past. Yes, there was a golden age of Islam, where Islam was ahead of Christian Europeans, when Islam was a light to the world, when Islam embraced the whole world with courage and an open heart, but that was long ago. Now your Muslim culture is sick and backwards. You have little to offer the world.

 

But God has blessed you with incredible natural resources, oil, many minerals and great climate. You could be the breadbasket of Europe if you managed it well. My hope is Iraq will use it's wealth to create a modern society and integrate with the world. To Iraq I'd say: you have a hell of a lot more to gain from dealing with us, in the civilized world, than we have to gain from dealing with you. You have much more to learn from us, than the very little we need to learn from you. I include America, Canada, Australia, Europe and China, Japan and Korea in the advanced civilized world.  

 

People in advanced technical countries have built economies and lives for our citizens that are vastly superior to the **** holes in the Third World....like Iraq.  Our countries are vastly superior to yours. We are better than you. Don't kid yourself about that. Don't be proud to live in a shithole. Be humble. Learn from others. Japan and China followed that path and now the student often surpasses the Master..... You need to look up to us in advanced countries....including Japan and China and Korea now.. Don't think we need to look up to you. Wrong........we don't, that's backwards. At the same time: We do not look down on you, as you have great potential and a glorious past that shows tremendous potential. But we wonder: will you piss all your one time wealth away?... I think of the Biblical parable of the talents......Will you throw away what God has given you? So far the fools that lead Iraq are doing just that. The world wants to do business with you, joint ventures that could build a wealthy Arab and Kurdish country in Iraq....with wonderful lives for your children. The question is: are your leaders too stupid, too corrupt, too greedy,  too mired in historic grievances, to take this opportunity, to take this olive branch?

 

I'd say it's time for the young people of Iraq to kick the tired old leaders in the ass.....

 

In a few decades the civilized world won't need your oil. Our great scientists will come up with an alternative. There are two Tesla electric cars parked on my street now. Soon they will be common. Then you will have nothing. Face it:  You don't have the capacity to build an advanced civilization without the aid of highly technical countries like Germany, China or America. Will Iraqis continue to be complete stupid fools, as chronicled on this chat? I have no idea. That's up to the Iraqi young people, to fight for what they want in their future. It's their life, not mine. It's their country, not mine. 

 

There are places in the Arab world that are rich and successful. The leaders in successful Muslim countries  have been wise with their trusted oil windfall. My brother in law is a petrochemical engineer who tells me of a few really high quality places in the Arab world. Yet I read daily of the stupidity of the Iraq elite on this site. Dear Iraqi: you can blame America if you like, but the truth is, the fool is in the mirror. We offer you great riches, far exceeding anything in your history, and your leaders throw it away on obscure religious squabbles, petty stupidity, greed and corruption.

 

The leaders of Iraq should have their heads examined by a psychiatrist.👴

 

 

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T.E. Lawrence: Sherif Ali, so long as the Arabs fight tribe against tribe, so long will they be a little people, a silly people, greedy, barbarous, and cruel as you are.

 

image.jpeg.9638c7c13cb084fb59735681bebe10bd.jpeg

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I have not read through all the replies and such , but with all this downward pressure on the IQD ; if the GOI and CBI want to stop their economy from free falling, as Russia and S.A. play badly ; and they want to keep economic investment coming into Iraq , this pressure should force them to revalue their currency. Per the "experts" that is. Am I wrong?

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Rochester's post hit's it dead on. Wish that some Iraqi's would somehow read it and know it to be truth. This country and it's people are such a waste....

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