Thursday Night Opinions @ 11:45 PM CST - 11/19/2020

[ronscarpa]

Good Evening DV, here's a few opinions & comments that might be of interest to you. Remember, no one really  knows what will happen, or when. They're simply stating their opinions based on what  they perceive to be happening in Iraq. RON

*** MilitiaMan   Article: "Finance begins automating the customs and tax system and submits its project to the Council of Ministers" 

 Quotes:  "The program enjoys high transparency as it is from an international organization and according to international standards specialized in customs procedures...; "The program will be managed by Iraqi hands after being trained on the program by international experts..."    Looks like they are going international, as things are in motion now. This system has about 90 countries that use it. Trading partners of Iraq, too...the Central Bank is in line too. I recall the CBI is to be asked a question this weekend.. Gets even more interesting. Salaries are in limbo? We shall see. But all things point international now...imo... 

 

*** Mnt Goat   ...the news this week was mostly about measures to move Iraq forward in economic development and reforms...From what we are observing Iraq is moving towards yet another attempt at a reinstatement for January 2021. Yes, here we go again. The preparations are like I have not see in prior attempts even as they are making more serious efforts. But it is still to be seen the project to delete the zeros and this project must be completed prior to any reinstatement.

 

*** Jeff  I told you the last thing we're waiting for is Iraq to complete that borrowing law.  At this point all the borrowing law has remaining is just a presidential signature to ratify it.  Once he ratifies it they can change the rate at any time.  We're hoping that he signs it by Saturday. 

 

*** RayRen98   Iraq:  • Iraq Minister of Trade is saying that Iraq must join the World Trade Organization (WTO). This will help their country. • News is indicating that private banks are supporting all reforms by the CBI (Central Bank of Iraq).  • The new tax system is being submitted to the Council of Ministers for approval.  • United Nations representatives are on Iraqi TV interviews requesting that Baghdad and Erbil accelerate acceptance of their agreements and to complete the financial reforms.  • Iraqi TV is broadcasting that President Saleh is refusing to sign the Borrowing Law...(more news at 11)  US: • Some banks are very excited after having meetings with Treasury.  • Some rates are being seen again...

 

 

That's all for today folks ... Blessings..!  RON