WOTS Wednesday 8/7/19
Forex Rates:
| Symbol | Bid | Ask | High | Low | Open | Change | Time |
|---|---|---|---|---|---|---|---|
| USD/IQD | | | 1185.7000 | 1185.5000 | 1185.5000 | | 00:00 |
| USD/VND | | | 23237.6400 | 23237.6400 | 23237.6400 | | 01:30 |
| USD/CNY | | | 7.0495 | 7.0253 | 7.0253 | | 04:31 |
| USD/KWD | | | 0.3040 | 0.3032 | 0.3040 | | 04:29 |
| GBP/USD | | | 1.2190 | 1.2134 | 1.2164 | | 04:31 |
| USD/IRR | | | 42000.0000 | 42000.0000 | 42000.0000 | | 04:31 |
| USD/IDR | | | 14295.0000 | 14198.0000 | 14241.0000 | | 04:31 |
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DC NY Iraq Articles:dd
Halbousi: Parliament plans to prepare a report on the performance of the government
Release date:: 2019/8/7 0:24 • 73 times read
[Baghdad-Where]
Parliament Speaker Mohammed Al-Halbousi said on Tuesday that the parliament will assess the performance of the government at the end of the first year of its formation.
Parliament Speaker Mohammed Al-Halbousi said on Tuesday that the parliament will assess the performance of the government at the end of the first year of its formation.
Halbousi said in a televised statement that "Parliament will evaluate the performance of the government by the end of the first year of its formation in order to assess its performance and to know what has been achieved from its program."
He added that "the government submitted its report on the government program and there is another report awaiting Parliament," pointing out that "the parliamentary strategic planning committee will be presented to the House of Representatives of the Government's program."
He explained that "an integrated report will be issued by the Strategic Planning Committee on the achievements of the government program, and I will say my words at the end of the first year of the formation of the government."
He added that "the government submitted its report on the government program and there is another report awaiting Parliament," pointing out that "the parliamentary strategic planning committee will be presented to the House of Representatives of the Government's program."
He explained that "an integrated report will be issued by the Strategic Planning Committee on the achievements of the government program, and I will say my words at the end of the first year of the formation of the government."
KRG ministries are planning their plans for the next four years
Date of edit:: 2019/8/7 101 times read
The Council of Ministers of the Kurdistan Region has distributed special forms to all ministries to develop plans of action for the last four years.
A source in the Kurdistan Regional Government, said that "the employees of the planning departments have been engaged in all KRG ministries to develop and write their plans for these four years, where they must finish this process within thirty working days, and these plans must be integrated and comprehensive for all affairs and tasks of ministries" .
He added, `` The ministries will develop their plans and work platform on the basis of a multi-page form, which has been prepared by the Department of Coordination and Follow-up in the Kurdistan Regional Government, and a committee of the Council of Ministers of the Kurdistan Region will visit the ministries to provide instructions and instructions for completing the form and prepare plans. ''
The Kurdistan Regional Council of Ministers expects to receive the forms from the ministries in mid-September, to review and evaluate the plans of all ministries, and re-drafted in line with the financial possibilities and guidelines of the ninth government cab program, to take a course of action for ministries over the next four years.
He added, `` The ministries will develop their plans and work platform on the basis of a multi-page form, which has been prepared by the Department of Coordination and Follow-up in the Kurdistan Regional Government, and a committee of the Council of Ministers of the Kurdistan Region will visit the ministries to provide instructions and instructions for completing the form and prepare plans. ''
The Kurdistan Regional Council of Ministers expects to receive the forms from the ministries in mid-September, to review and evaluate the plans of all ministries, and re-drafted in line with the financial possibilities and guidelines of the ninth government cab program, to take a course of action for ministries over the next four years.
The deputy reveals the "biggest problem" that hinders the legislation of the Federal Court Act
2019-08-07 | 04:53
The MP for the coalition of the rule of law Adnan al-Asadi, on Wednesday, the most prominent points of controversy on the draft law of the Federal Court, while referring to the political consensus was the reason for blocking the legislation of many important laws and decisions articulated.
Asadi said in an interview with Alsumaria News, "The biggest problem that hindered the legislation of many important laws and fateful decisions is the consensus, which was the cause of many failures," noting that "the law of the Federal Court was one of the victims of consensus."
The MP for the coalition of the rule of law Adnan al-Asadi, on Wednesday, the most prominent points of controversy on the draft law of the Federal Court, while referring to the political consensus was the reason for blocking the legislation of many important laws and decisions articulated.
Asadi said in an interview with Alsumaria News, "The biggest problem that hindered the legislation of many important laws and fateful decisions is the consensus, which was the cause of many failures," noting that "the law of the Federal Court was one of the victims of consensus."
Asadi added, "The law completed his second reading, but some controversial points prevented him from voting until the moment, and among those points is the desire of the Kurds to be unanimous vote in the court and that each member voted Veto and disrupt the vote, which in our opinion will cripple the work of the court offset by opinion Another that the vote by half plus one, "pointing out that" the other problem in the number and quality of scholars and who they are and the nature of their work within the court. "
The House of Representatives completed its session held on Sunday, June 30, 2019 report and discussion of the draft bill of the Federal Court. .
Karbouli: Mobs against the army in the Nineveh Plain are just a way to cover up drug and oil smuggling
07-08-2019 12:22 AM
Baghdad:
The head of the Hizbul party, Jamal al-Karbouli, on Wednesday accused the "Qadoon" of trying to cover up the smuggling of oil and drugs and imposing royalties in the Nineveh Plain through mobs in the Nineveh Plain against the Iraqi army.
Karbouli said in a Facebook post seen by Al-Akhbariya that `` mobs that targeted the army and weakened the prestige of the state in the Nineveh Plain are just a means of pressure used by (al-Qadoun) to cover up the smuggling of oil and drugs, imposing royalties on trucks and collecting millions of dollars.
The publication of the publication Bahcetak # fact_was_other
Karbouli said in a Facebook post seen by Al-Akhbariya that `` mobs that targeted the army and weakened the prestige of the state in the Nineveh Plain are just a means of pressure used by (al-Qadoun) to cover up the smuggling of oil and drugs, imposing royalties on trucks and collecting millions of dollars.
The publication of the publication Bahcetak # fact_was_other
The Cabinet decides to suspend official working hours for five days on the occasion of Eid al-AdhaBaghdad:
07/08/2019T
he Council of Ministers has decided to suspend official working hours, on the occasion of Eid Al-Adha, starting from next Sunday, corresponding to 8/11/2019, for a period of five days.
A brief statement received by the "news" that "the Council of Ministers decided to suspend official working hours, on the occasion of Eid al-Adha, starting on Sunday, corresponding to 8/11/2019 for a period of five days.
A brief statement received by the "news" that "the Council of Ministers decided to suspend official working hours, on the occasion of Eid al-Adha, starting on Sunday, corresponding to 8/11/2019 for a period of five days.
Support: The government's attempt to return Sinjar to the Peshmerga and security forces betrayed the blood of the martyrs
Release date:: 2019/8/7 • 186 times read
(Baghdad: Euphrates News) A member of the House of Representatives for the wisdom of the opposition Hassan Fadom, on Tuesday, that the government's attempt to return Sinjar to the Peshmerga and security forces betray the blood of the martyrs.
`` The areas of Nineveh and Sinjar were liberated with the blood of martyrs from the Popular Mobilization and the sons of those areas and the government's attempt to return them now to the control of the Peshmerga and the security forces is a betrayal of those sacrifices and we will not allow the tragedy to be repeated again, '' he said in a tweet on his Twitter account. is over
Kauaihn Iraq Articles:dd
The deputy reveals the "biggest problem" that hinders the legislation of the Federal Court Act
https://translate.
https://translate.
2019-08-07 | 04:53
The MP for the coalition of the rule of law Adnan al-Asadi, on Wednesday, the most prominent points of controversy on the draft law of the Federal Court, while referring to the political consensus was the reason for blocking the legislation of many important laws and decisions articulated.
Asadi said in an interview with Alsumaria News, "The biggest problem that hindered the legislation of many important laws and fateful decisions is the consensus, which was the cause of many failures," noting that "the law of the Federal Court was one of the victims of consensus."
The MP for the coalition of the rule of law Adnan al-Asadi, on Wednesday, the most prominent points of controversy on the draft law of the Federal Court, while referring to the political consensus was the reason for blocking the legislation of many important laws and decisions articulated.
Asadi said in an interview with Alsumaria News, "The biggest problem that hindered the legislation of many important laws and fateful decisions is the consensus, which was the cause of many failures," noting that "the law of the Federal Court was one of the victims of consensus."
Asadi added, "The law completed his second reading, but some controversial points prevented him from voting until the moment, and among those points is the desire of the Kurds to be unanimous vote in the court and that each member voted Veto and disrupt the vote, which in our opinion will cripple the work of the court offset by opinion Another that the vote by half plus one, "pointing out that" the other problem in the number and quality of scholars and who they are and the nature of their work within the court. "
The House of Representatives completed its session held on Sunday, June 30, 2019 report and discussion of the draft bill of the Federal Court.
07-08-2019 11:51 AM Baghdad
Speaker of the House of Representatives Mohammed Halbousi, on Wednesday, the initiation of the Planning Committee and follow-up government program to prepare a detailed report on the government and its performance during the past period, pointing out that Prime Minister Adel Abdul Mahdi succeeded in ending major crises, being non-sectarian or nationalist.
"Prime Minister Adel Abdul Mahdi is working strategically and has a long-term strategic vision for the country, but the citizen needs real plans to improve his reality," Halbousi said in a televised statement.
He added that "Parliament is preparing a detailed report on the performance of the government during the past period through the Planning Committee and follow-up government program in terms of spending, spacing, employment, services, energy and political file."
"The report will be presented to the parliament and then the public opinion. If there is a default, it will be diagnosed and held accountable."
INTEGRITY REVEALS DETAILS OF THE FIRST AMENDMENT OF IRAQ FUND
07-08-2019 11:05 AM
Baghdad
The Commission on Integrity, announced on Wednesday, the issuance of the law of the first amendment to the law of the fund for the recovery of Iraqi funds No. (9) for 2012 after its approval by the House of Representatives and the approval of the President of the Republic on 18/7/2019.
The Commission noted that "the law canceled the text of Article (3) of it and replaced by a text that clarified that the Fund is managed by a board of directors chaired by the President of the Commission on Integrity and membership of the Director General of the Recovery Department in the Commission (member and deputy), and the membership of representatives of the ministries of Foreign Affairs, Oil, Finance, Justice and Trade. To the Central Bank of Iraq, the Federal Bureau of Financial Supervision, the National Intelligence Service and the Supreme National Authority for Accountability and Justice, with the rank of Director General and specialists, with the placement of an employee of not less than a director with competence in the ministries and agencies mentioned;
She pointed out that "the law, which was published in the newspaper (the Iraqi fact), issue (4550 on 5/8/2019) explained that the purpose of the fund to recover the funds of Iraq after 2003, and to encourage collaborators, and give broader powers to manage it, pointing to the abolition of the text of the article ( 8) As replaced by a text confirming that the meetings of the Board of Directors of the Fund are held monthly by a majority of its members, the President of the Fund shall issue instructions stating how the decisions and the work of the Fund shall be taken, and a text containing the submission of a report by the Board of Directors of the Fund every three months to the House of Representatives and Ministers. (7) Canceled. "
She added that a number of Article 4 clauses have been deleted and replaced by others that include exempting the collaborators from the amounts owed by them by 25% and up to five million dollars of the recovered money, provided that the approval of the Council of Ministers for the above is granted. % Of the amount recovered as a reward for the informer does not exceed five million dollars, while Article (11), as amended, confirmed that the rewards will not be disbursed until after the restoration of the funds returned to the account of the Ministry of Finance.
The amendment canceled the first paragraph of Article (5) and was replaced by a text dealing with the formation of the Audit, Investigation and Investigation Committee headed by the Director General of the Integrity Commission, which includes representatives from the Ministries of Foreign Affairs and Justice, the Central Bank of Iraq, the Federal Audit Bureau and the National Intelligence Service. Any of them from an expert or manager who is competent.
She pointed out that "a number of articles have been added to the law, such as Article (13), which confirmed the Fund's support to the Integrity Commission with the information it has in order to recover the funds of Iraq smuggled; because of corruption after 2003, and Article (14), which obliged the government when concluding agreements Investment or economic agreement with any country that has funds to Iraq covered by the provisions of this law to conclude agreements with those countries to recover the funds, in addition to Article (12) concerning the appointment of a judge of the first class judge to deal with cases related to the functions of the Fund.
Pentagon: ISIS "re-emerged" in Syria and "strengthened its capabilities" in Iraq
07 August 2019
ISIS is "re-emerging" in Syria as the United States withdraws its forces from the country and has "strengthened its capabilities" in Iraq, a Pentagon inspector general said in a report on Tuesday.
"Despite losing regionally, ISIL in Iraq and Syria has strengthened its capabilities in Iraq and resumed its activities in Syria during the current quarter," the report said.
He said ISIS had been able to "consolidate and support operations" in both countries, partly because local forces were "unable to continue long-term operations, launch simultaneous operations, or preserve the territory" they had recovered.
The re-emergence of ISIS in Syria occurred when Washington “partially” withdrew from the country, contrary to the opinion of the SDF, which was demanding “more training and equipment.”
Despite being stripped of its areas of control in eastern Syria, IS continues to spread across the Syrian desert from the eastern countryside of Homs to the Iraqi border.
Analysts and military experts assert that the elimination of ISIS does not mean that the danger of the organization has disappeared with its ability to move sleeper cells in the areas from which it was expelled from the Syrian desert.
Kurdish deputy: the government of the region to start quickly a comprehensive dialogue with Baghdad
Release date:: 2019/8/7 • 125 times read
(Baghdad: Euphrates News) A deputy from the Patriotic Union of Kurdistan, the need for the Kurdistan Regional Government to agree with the federal government to address outstanding problems.
MP Shirwan Mirza, a member of the Finance Committee in a press statement that "some political parties and began to exploit the file of the oil dispute between the Kurdistan region and the federal government against Prime Minister Adel Abdul Mahdi."
He added, "Since the Kurds need to Reyes ministers Adel Abdul Mahdi, who also needs the support of the Kurds, the Kurdistan Regional Government to start a comprehensive dialogue with the federal government and if possible to reach an appropriate agreement in the interest of all parties."
Mirza stressed "must resolve the oil file between the Kurdistan region and the federal government quickly because the budget for 2020 will come to the House of Representatives in the tenth month of this year and Kurdish deputies must know on what basis will be dealt with the budget will be delivered to the federal government or not? ".is over.
He added, "Since the Kurds need to Reyes ministers Adel Abdul Mahdi, who also needs the support of the Kurds, the Kurdistan Regional Government to start a comprehensive dialogue with the federal government and if possible to reach an appropriate agreement in the interest of all parties."
Mirza stressed "must resolve the oil file between the Kurdistan region and the federal government quickly because the budget for 2020 will come to the House of Representatives in the tenth month of this year and Kurdish deputies must know on what basis will be dealt with the budget will be delivered to the federal government or not? ".is over.
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(Adds comments, updates prices)
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GBP/USD Could Recover, USD/CAD Remains Supported | Action Forex
GBP/USD declined heavily this past week below the 1.2250 support area. USD/CAD is climbing higher and remains well supported above the 1.3200 level. Important Takeaways for GBP/USD and USD/CAD The British Pound fell significantly after it broke the 1.2250 and 1.2200 support levels. Recently, there was a break above a short term bearish trend line […] The post GBP/USD Could Recover, USD/CAD Remains Supported appeared first on Action Forex.
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China Crosses the Renminbi-con—The Ledger
When currency becomes a weapon.
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Investors fear China may "weaponize" currency in trade fight
Chinese government lets the yuan's value fall to lowest level in more than a decade in wake of U.S. tariff threat
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China's currency tumbles after Trump's new tariff threats: Morning Brief
Top news and what to watch in the markets on Monday, August 5, 2019.
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Yuan skids lower; Market shockwaves; HSBC CEO out
Here's what you need to know about the markets before you start your business day.
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Forex - Yuan Falls Below 7 per Dollar as Trade Tensions Fuel Selloff
Forex Aug 05, 2019 07:05 GMT Investing.com - The Chinese yuan tumbled more than 1% on Monday, falling below 7 per U.S. dollar for the first time since the 2008 financial crisis, as fears over a sudden escalation in the U.S.-China trade war sparked a selloff in Asian currency markets. The yuan dropped below the 7 per dollar level, regarded as a major support level, falling to as low as 7.1097 per dollar in offshore trade and 7.0424 to the dollar onshore. "This could well be the biggest moment for
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China's yuan falls further to US dollar amid trade war fears
China's yuan falls further against dollar amid fears of mounting economic damage from trade war with Washington
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Financial firms fleeing high-tax northeast for billionaire-packed Florida county
Firms were mainly relocating from New York, Boston and Greenwich, Connecticut.
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Global recession will come in 9 months if Trump takes this one step, Morgan Stanley argues
A recession will come in nine months’ time if President Donald Trump goes one step further in his plan to impose tariffs on Chinese-made consumer products, a leading brokerage argues.
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Opportunity Knocks In Inflation
Inflation rates consistently below or around target levels since the global financial crisis have changed investors' expectations for, and pricing of, forward inflation.Despite strong above-trend economic growth, a tight labor sector and gradually increasing wage growth, core inflation levels in the U.S. have declined.In the near term, TIPS prices seem to reflect an insufficient risk premium.
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With Currency Manipulator Label, China Trade War Moves Into Unchartered Waters
Treasury labels China a currency manipulator. "We just threw gasoline on the fire."Read in Forbes: https://apple.news/
China fires biggest warning shot yet in trade war and now it's up to Trump to decide how far to goChina added its currency to the weapons it is willing to use in the trade war, and now it's up to President Trump to make the next move.Read in CNBC: https://apple.news/AV_
Investors Are Fleeing Emerging Markets Stocks as Trade War Heats Up
Emerging markets net capital flows reached -$35.8 billion in June, and experts say trade tensions are spooking investors.
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A US-Brazil trade agreement benefits us in more ways than one
If we can move past recent squabbles and each leader can tame special interests, the United States could seize an opportunity to help our trade agenda and a key neighbor in more ways than one.
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Mexican government vows legal action against US in response to El Paso mass shooting
The Mexican government on Sunday threatened legal action against the United States for its response to Saturday's mass shooting at Walmart in El Paso, Texas that left 20 people dead, including six Mexican nationals.
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Investors Are Fleeing Emerging Markets Stocks as Trade War Heats Up
Emerging markets net capital flows reached -$35.8 billion in June, and experts say trade tensions are spooking investors.
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Trump imposes sanctions on Venezuelan government's assets
WASHINGTON (Reuters) - U.S. President Donald Trump has imposed sanctions on assets of the Venezuelan government, according to an executive order published on Monday. "All property and interests in property of the Government of Venezuela that are in the United States ... are blocked and may not be transferred, paid, exported, withdrawn, or otherwise dealt in," the executive order says. (Reporting by Makini Brice and Eric Beech)
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U.S. Expands Sanctions Against Venezuela Into an Embargo
The new measures mark a significant escalation of pressure against the regime of President Nicolás Maduro and countries including Russia and China that continue to support him.
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Agility is the watchword as trade tensions jolt emerging markets
The trade war is taking a turn for the worse just as investors digest one of the roughest weeks for emerging markets this year. China responded to Donald Trump's tariff threat with another escalation of the trade war on Monday, letting the yuan slide past 7 to the dollar to the weakest level in more than a decade. Trump last week threatened to put 10% tariffs on a further $300 billion of the country's goods. The latest showdown puts the Asian nation's trade data on Thursday in the spotlight amid
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Emerging debt, stocks suffer biggest daily outflows of 2019 on Friday: IIF
LONDON (Reuters) – Emerging market debt and equities suffered their biggest outflows of 2019 on Friday with hefty losses continuing on Monday amid a sharp escalation of Sino-U.S. trade tensions, data from the Institute of International Finance showed (IIF). Analysing high frequency data from local stock exchanges and debt offices, the IIF, found that $2.33...
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Iran: Zarif says US sanctions against him 'failure' for diplomacy
Iran's foreign minister Mohammad Javad Zarif has slammed the United States' decision to impose sanctions on him, calling the move a "failure" for diplomacy. Speaking at a news conference in Tehran on Monday, Zarif lamented that, despite its calls for talks, the US was not interested in diplomacy to resolve the nuclear standoff. "Imposing sanctions against a foreign minister means failure [for any efforts at negotiations]," said Zarif, adding that it also meant the side imposing the measures was
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The Future of Iran’s Caspian Sea Territory
42 دقیقه One year after the Convention on the Legal Status of the Caspian Sea was signed, the Iranian public has expressed alarm about the fate of a vast expanse of Iran's territory. On August 12, 2018, the heads of states of Iran, Russia, the Republic of Azerbaijan, Turkmenistan and Kazakhstan, all of which border the Caspian Sea, signed the convention, the culmination of 26 years of negotiations. The agreement, which was signed in the coastal city of Aktau in Kazakhstan, outlines the rules
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Iran Reportedly Seizes Iraqi Tanker In Persian Gulf
The unidentified vessel was reportedly taken last Wednesday near Farsi island, where Iran maintains a naval base. Iraq's oil ministry has denied it has any connection with the ship.
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Iraqi oil ministry says has no ties to oil tanker seized by Iran
Iraq's oil ministry said on Sunday it has no connection with an oil tanker seized by Iran in the Gulf for smuggling fuel, Iraqi News Agency reported.
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Israel's Air Force (Maybe F-35s) Went to War in Iraq?
Stratfor Worldview Security, Middle East How it went down. Israel's prolonged campaign against similar deployments in Syria is designed to prevent Iran from establishing missile sites in the country that would allow it to target Israel. What Happened: Israel reportedly carried out two airstrikes against Iranian-linked targets inside Iraq on July 19 and July 28 to target advisers and missile shipments from the Islamic republic, Asharq Al-Awsat reported July 30. Why It Matters: Israel has carried
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Zimbabwe: U.S.$2,8 Billion Slated for Command Agriculture
Government has earmarked $2,8 billion for Command Agriculture, which will extend the facility by another year and result in the production of 210 000 hectares of maize and 30 000 hectares of soyabeans during the 2019/20 summer cropping season. Presenting his Mid-Term Fiscal Policy Review and Supplementary Budget Statement last Thursday, Finance and Economic Development Minister Mthuli Ncube said the programme will only benefit farmers with good track records of repaying loans and producing high
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Zimbabwe: U.S.$630 Million Reserved for Local Grain Purchases
Government has set aside $630 million for local grain purchases and logistics to augment the 852 000 tonnes anticipated from the 2018/2019 grain yield, Finance and Economic Development Minister Professor Mthuli Ncube said. He said this while presenting the 2019 Mid-Year Budget Review and Supplementary Budget last Thursday. "To incentivise farmers to deliver, Government has reviewed maize producer prices upwards from $726 per tonne set earlier," said Prof Ncube. "GMB has also opened additional
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Zimbabwe hikes fuel prices by 26 percent
Zimbabwe has increased the price of petrol and diesel by up to 26 percent after the finance minister raised import tax on fuel last week, adding more pressure on citizens grappling with triple-digit inflation. Prices of basic goods and services have more than doubled since June, when the government renamed the RTGS currency as the Zimbabwe dollar, which has been sliding in value amid widespread shortages, including power, fuel and US dollars. That has stirred memories among an increasingly
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Uganda: Water-Saving Potassium Crystal Heralds Hope for Ugandan Farmers
Will a white crystal solve Uganda's water for agriculture challenges? This is an emerging question following a recent display of this technology during the annual National Agricultural show at Jinja. The annual show themed: Agricultural technologies and innovations for farmer-led agro-industrialisation, showcased technologies ranging from seeds, forage, mechanisation inputs, water retention technologies, value addition and even access to credit. NEW TECHNOLOGY That most crop exhibitors employ
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Mozambique: economic climate indicator shows slight rise in Q2 – INE
The Economic Climate Indicator (ICE) of Mozambican companies rose in June for the third consecutive month, albeit slightly, the National Statistics Institute (INE) announced yesterday. The index rose from 96.6 in May to 96.9 in June, with the INE indicating that the increase was mainly influenced by favourable employment prospects. “The economic climate indicator (ECI)...
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Angola grants 35 licenses for Diamond exploitation
The Ministry of Mineral Resources and Petroleum (Mirempt) granted on Tuesday, 35 diamond exploitation licenses to small industrial cooperatives in northern Uíge province. At least eight firms received exploitation licenses during a ceremony led by the national director of Mineral Resources, André Buta, in the presence of the deputy-governor for Political, Social and Economic Affairs,...
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China just threw its next punch in the trade war
Beijing on Monday responded to President Trump's threat to place new tariffs on Chinese goods by letting its currency sink to the weakest level in over a decade and ordering state-owned companies to halt their purchases of U.S. agricultural products.
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China Strikes Back
The strength of the yen and the weakness of the yuan conspired to send the Australian dollar sharply lower.Germany's July composite PMI fell to 50.9 from the flash reading of 51.4 and 52.6 in June.The Canadian economy is among the strongest of the high-income countries.
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China's central bank denies it's devaluing country's currency to counter tariffs
China has allowed its yuan to break through 7 against the dollar for the first time in 11 years, but it insisted the move is not "competitive devaluation."
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China hits back at Trump by halting U.S. crop purchases and weakening its currency
China responded to Donald Trump’s tariff threat with another escalation of the trade war on Monday, letting the yuan tumble to the weakest level in more than a decade and asking state-owned companies to suspend imports of U.S. agricultural products.
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China vows countermeasures if US deploys missiles in Asia
China says it "will not stand idly by" and will take countermeasures if U.S. deploys intermediate-range missiles in the Indo-Pacific region
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Can belt and road plan reverse sagging fortunes of China’s trade war-hit northeastern ports?
For a while, the ports in the northeastern Chinese province of Liaoning have been pinning their future on the success of Beijing’s Belt and Road Initiative, a global trading strategy to link China with rising consumer classes in Asia, the Middle East and…
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EU Commission warns of significant disruption from hard Brexit
BRUSSELS (Reuters) - The European Commission is open to talks with British Prime Minister Boris Johnson to avoid a hard Brexit that would cause significant economic disruption, a spokeswoman for the EU executive said on Monday. However, she reiterated that the agreement reached already on Britain's withdrawal from the EU is not up for negotiation. "But we are open to talk about the political declaration," Mina Andreeva told a news briefing. (Reporting by Daphne Psaledakis and Francesco Guarascio
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EU watchdog calls for applying Basel bank capital rules in full
Global bank capital rules shouldbe applied in full across the European Union, the bloc's bankingwatchdog said on Monday, dashing industry hopes for leniencyafter a decade of intense regulation.
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US-EU beef deal an encouraging sign of trade progress, strategist says
But ING's Bert Colijn says the U.S. levying tariffs on EU goods by November is still a possibility.
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We can collapse your government to prevent no-deal Brexit, senior Conservative MP warns Boris Johnson
Conservative MP Dominic Grieve, who is trying to stop a no-deal Brexit, says MPs could still vote to bring down Boris Johnson's government if he tries to force the UK out of the EU. One of Johnson's senior aides reportedly laughed at the idea that the new prime minister would resign if he was brought down in a no-confidence vote. Johnson has promised to take the UK out of the EU by October 31, with or without a deal. Visit Business Insider's homepage for more stories. Senior Conservative Member
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For Ireland Plc, Pain of No-Deal Brexit Is Starting to Hit Home
Ireland’s biggest companies are getting a taste of the pain that could come from the U.K. crashing out of the European Union without a deal.
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MPs CAN'T block No Deal Brexit, warns Cabinet minister Matt Hancock
Boris Johnson is unveiling a £1.8billion one-off cash injection to boost the health service, targeting Leave areas as he continues what looks like a pre-poll spending spree.
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Just 3 in 10 British firms that export to the EU are prepared for a no-deal Brexit
Just one in three UK exporters to the EU have secured crucial documentation for a no-deal Brexit. 27% of British businesses that export to the EU have secured an EORI number, which they will need to keep trading with the EU in the event of a no-deal Brexit. Lib Dem MP Chuka Umunna, who obtained the information from the Treasury, said it shows "an overwhelming majority of UK exporters to the EU are unprepared for a 'no deal' Brexit." There is growing concern that British business will not be
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Parliament can no longer block no-deal Brexit, senior Tory insists
Parliament is no longer able to block a no-deal Brexit, a senior cabinet minister has said.
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GLOBAL/NEWS/INFO
The role of private finance in financing for development
The new SDGs are bold they are large and the estimated shortfall of funding is somewhere around three trillion dollars a year. That’s a lot of money. And with the success necessary and we’ll talk later about some of the specific financial solutions. But it really requires a paradigm shift and I’d give for is...
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The superrich are selling stocks, buying properties and keeping cash ready
The superrich blueprint to navigating this hairy stock market: Tap the brakes and get ready to pounce when it all goes to hell. And hell could be around the corner.
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10 Things to Know for Today
Among 10 Things to Know: Authorities search for leads in weekend mass shootings; China says it "will not stand idly by" if U.S. deploys missiles in the Asia-Pacific region; Ohio governor to outline proposals to deal with gun violence and mental health
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OIL/COMMODITIES/ENERGY
Gold, already at multiyear highs, tacks on another 1% as trade worries deepen
Gold’s haven appeal again lifted prices to multiyear highs on Monday as trade concerns sent risk-on markets in retreat and the typically lower-risk markets advancing.
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Gold at 6-Year Highs on China Devaluation, Growing Trade War
Commodities Aug 05, 2019 18:30 GMT By Barani Krishnan Investing.com - Gold bugs had counted on the recent U.S. interest rate cut, but it’s China’s currency devaluation that’s providing a windfall now to longs in the yellow metal. Both bullion and futures of gold hit six-year highs on Monday as the tit-for-tat action between China and the U.S. in their growing trade war led to spiraling safe-haven demand. Spot gold, reflective of trades in bullion, traded at $1,465.24 per ounce by 2:18 PM ET (18:
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Oil resumes steep drop as U.S.-China trade row raises demand worries
Oil futures resumed their drop Monday, tracking losses ripping through broader financial markets as concern for a prolonged trade war and its risk to global oil demand has been rekindled in recent days.
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Oil Prices Slide as Sino-U.S. Trade Dispute Rears Head Again
Commodities Aug 05, 2019 11:58 GMT Investing.com - Oil prices traded lower on Monday as the escalation in the Sino-U.S. trade dispute outweighed tensions in the Persian Gulf. New York-traded West Texas Intermediate crude futures slid 66 cents, or 1.2%, to $55.00 a barrel by 6:52 AM ET (10:52 GMT), while Brent crude futures, the benchmark for oil prices outside the U.S., fell 79 cents, or 1.3%, to $61.10. Beijing pulled a one-two punch in the ongoing trade conflict with Washington, allowing the
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UPDATE 1-Oil prices rise, escalating U.S.-China trade war caps gains
(Adds comments, updates prices)
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Oil Falls as China Devalues Yuan, Stops U.S. Agriculture Buying
Commodities Aug 05, 2019 17:13 GMT By Barani Krishnan Investing.com – China vowed to hit back at Donald Trump’s new tariffs, but what commodity traders didn’t bargain for was a one-two punch from Beijing that included a currency devaluation. Oil prices fell nearly 2% on Monday as China allowed the yuan to tumble to its weakest level in a decade against the dollar to retaliate against the U.S. president’s plan to impose from Sept. 1 a 10% tariff on hitherto untaxed Chinese imports of $300 billion
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U.S. metals firms urge Washington to drop copper items from EU tariff list
Proposed U.S. tariffs against the European Union over aircraft subsidies could concentrate market control over some supplies of copper alloy in the hands of a German-owned company and hurt American businesses, U.S. industry players said on Monday.
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Copper, a barometer for the global economy, drops to a 2-year low
Copper hit a two-year low on Monday, as investors fear what a full blown trade war between the U.S. and China will do to the global economy.
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COLUMN-Copper hits 2-year lows as metals demand outlook dims: Andy Home
(The opinions expressed here are those of the author, acolumnist for Reuters.)
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BANKS/BANKING/CREDIT
China central bank says will deepen regional financial reforms
BEIJING (Reuters) – China will deepen its regional financial reforms, using various policy tools to lower corporate funding costs, especially for small firms, Chen Yulu, a vice governor of the People’s Bank of China, said on Monday. Authorities also will pay more attention to preventing and resolving regional financial risks, Chen told a media briefing....
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HSBC's CEO Flint out, bank plans 4,000 job cuts
Flint spent almost 30 years at HSBC before being named CEO last year.
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HSBC confirms job cut plans, discloses CEO’s exit
Mubasher: HSBC Holdings reiterated its plans to cut jobs, slashing over 4,000 positions.
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Bank of America issues $1 billion Green Bond
Bank of America has issued four corporate green bonds, raising a total of $4.35 billion for renewable energy projects
The role of private finance in financing for development
The new SDGs are bold they are large and the estimated shortfall of funding is somewhere around three trillion dollars a year. That’s a lot of money. And with the success necessary and we’ll talk later about some of the specific financial solutions. But it really requires a paradigm shift and I’d give for is...
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What The Federal Reserve Should Be Doing
For 10 years the Federal Reserve had a goal and that was to underwrite the rise in the stock market to support the economic recovery.Times have changed, but there is very little the Fed can do at this stage that would produce much faster economic growth. The supply side is driving the economy.The Federal Reserve needs to keep calm, realize what it can't do, and work to keep markets functioning, supportive of what economic growth there is.
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Citi names head of EMEA commercial banking
Citigroup Inc on Monday named Raymond Gatcliffe as head of commercial banking for Europe, the Middle East and Africa (EMEA).
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Standard Chartered, Hang Seng Bank close branches as citywide strike, protests wreak chaos in Hong Kong
Seven of Hong Kong’s biggest banks – including two note-issuing lenders – closed branches on Monday as strikes and protests brought large parts of the city to a standstill. HSBC Holdings said it had closed 10 of its branches at 2.30pm. Hang Seng Bank, a…
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UK watchdog says 'rolling bad apple' bankers still an issue
People in financial services jobs that have a black mark against their name at one company can still move easily to another firm and become a "rolling bad apple" despite efforts by Britain's finance watchdog to improve conduct in the industry.
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TREASURIES/BONDS/STOCKS
Treasury yields slide as falling yuan sparks haven buyingTreasurys rally Monday, sending yields lower, as investors seek havens after China allows its yuan currency to weaken, marking an intensification of the U.S.-China trade war.
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Stocks - U.S. Futures Slump as China Hits Back at U.S. on Trade, CurrencyStock Markets Aug 05, 2019 10:42 GMT Investing.com - U.S. futures slumped on Monday as China retaliated against the U.S. by suspending imports of American agricultural goods and letting the yuan depreciate. The yuan slipped below 7 per U.S. dollar for the first time since 2008 at one stage. Even though the People’s Bank of China set the daily midpoint of the currency's trading band at 6.9225 per dollar, the onshore yuan market is so tightly controlled as to give the day's trading range a quasi-
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The Dow Tumbles as Yuan Takes a Dive. Here’s Why.Stock futures are getting hit hard because China decided to use a weapon to hit back against President Trump’s tariffs: the yuan.
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StockBeat: Markets Rout as China Hints at Currency WarStock Markets Aug 05, 2019 09:04 GMT By Geoffrey Smith Investing.com -- Europe’s stock markets faced a test of nerve on Monday – and resoundingly flunked it. Markets succumbed to a general rout after China allowed its currency to fall below the closely-watched level of 7 to the dollar for the first time since the Global Financial Crisis of 2008, a move aimed at neutralizing the effect of U.S. tariffs on Chinese corporate profitability. Beijing also instructed state buyers to stop buying U.S.
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Best Bond Funds Embrace Dovish Environment As Fed Cuts Rates By 25 Basis Points
Comments from Federal Reserve Chairman Jerome Powell following the interest rate cut news has complicated the search for the best bond funds.
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GLOBAL MARKETS-Trade worries sink stocks as yuan slides to a decade low
* China's yuan drops below 7 per dollar
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Global markets are in panic mode — sparking a wave of investment into gold, bonds and currencies
An intensifying trade war between the world's two largest economies sparked a stampede into perceived 'safe-haven' assets on Monday.
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The Dow Is Slumping Because China Finally Retaliated on Trade
European markets continued to plunge on Monday as fears over the escalating trade tensions between the U.S. and China spread across the globe.
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China Retaliation Is ‘11’ on Scale of 1 to 10, Wall Street Warns
Analysts continued to warn about the dangers of an escalating trade war on Monday, as China moved to strike back at the U.S., hitting U.S. stocks and Treasury yields.
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The Dow Plunged 767 Points Because China Is Punching Back Against Tariffs
All three major U.S. stock indexes plunged Monday. The Chinese yuan fell sharply against the dollar to a decade-low, and Beijing has reportedly asked state-owned enterprises to halt purchases of U.S. agricultural goods.
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Day Ahead: Top 3 Things to Watch
Stock Markets Aug 05, 2019 19:14 GMT Investing.com - Here are 3 things that could rock the markets tomorrow. 1. Disney , Chesapeake Energy (NYSE:CHK) Ready Earnings Reports Walt Disney (NYSE:DIS) will report earnings after the closing bell on Tuesday. Ahead of Disney's earnings, investor expectations are running high that the entertainment company will report a good quarter, led by the success of its blockbuster movie "Avengers: Endgame" at the box office and a jump in attendance at Disneyland.
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Top 5 Things to Know in the Market on Tuesday
Economy Aug 06, 2019 09:41 GMT Investing.com - Here are the top five things you need to know in financial markets on Tuesday, August 6: 1. U.S. labels China “currency manipulator” The U.S. Treasury officially labeled China as a currency manipulator after the People’s Bank of China allowed the Chinese yuan to fall below 7 per dollar on Monday in response to U.S. President Donald Trump’s threat to impose new tariffs. The U.S. decision is the first such action since 1994 and initially sent both the
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CRYPTO'S / DIGITAL CURRENCY
Ethereum Price Analysis: ETH Could Surpass $300 This Week
ETH has been consolidating within a sideways range for the last 2-3weeks and looks to finally break to the upside. Ethereum price action has broken out of an asymmetrical triangle and looks poised for a move back up to $300 this week. Ethereum Price 4-Hour Chart Analysis On the 4 Hour chart for ETH/USD, we can see the period of consolidation that has taken place over the last 2-3weeks forming an asymmetrical triangle as mentioned in my previous ETH analysis, which has recently been broken to the
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Bitcoin Won't Be a Global Reserve Currency. But It's Opening the Box
Bitcoin will not become a global reserve currency, argues Noelle Acheson. But it is adding a powerful tool to the box of potential solutions.
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Korea's Shinhan to Offer Blockchain-Based Securities Lending
A new brokerage account in South Korea will let investors lend securities on a blockchain.
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Bitcoin’s Computing Power Sets Record as Over 100K New Miners Go Online
The total computing power now dedicated to securing the bitcoin blockchain has set yet another record.
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Bitcoin Eyes $12K Price Hurdle as Dominance Rate Hits 28-Month High
Bitcoin has broken out of bearish mode with a near 10-percent surge this morning and looks to be decoupling from alternative cryptocurrencies.
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Iran's Cabinet Ratifies Bill Recognizing Cryptocurrencies and Mining
Iran's government has introduced a bill that lifts the illegal status of cryptocurrencies and authorizes mining as an official industry.
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Thailand to Bring Cryptocurrency Under Anti-Money Laundering Rules
Thailand's anti-money laundering regulator is planning to amend the country's laws to mandate reporting by cryptocurrency exchanges.
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One Satoshi Is Now Worth More Than 7 National Currencies
A satoshi isn’t worth much, but that’s by design. At one hundred-millionth of a bitcoin, it’s the smallest unit BTC is divisible into. If bitcoin price hits $1 million, then a microbitcoin (mBTC) will be worth a dollar, and a satoshi, the equivalent of one cent. However, one satoshi is already worth more than several national currencies. Which means that in some countries, owning just one-hundredth of a bitcoin would make you a millionaire. 1. Iranian Rial Top (or should that be bottom) of the
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Bitcoin Flirts With $12,000 As Yuan Struggles
Will the trade wars continue to escalate? Will bitcoin benefit from any such conflict?
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CURRENCIES
Why A Euro Collapse Will Precede A US$ Collapse
Money is supposed to be a medium of exchange and a yardstick, not a tool for economic manipulation.A common currency makes international trading and investing more efficient.The ECB and the one-size-fits-all monetary policy it imposes are indispensable parts of the eurozone system.
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Axios Markets: A currency war — The 2020 race — Newspaper megamerger
Was this email forwarded to you? Sign up here. (Smart Brevity word count: 1,022 words / < 4 minutes.)
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GBP/USD Could Recover, USD/CAD Remains Supported | Action Forex
GBP/USD declined heavily this past week below the 1.2250 support area. USD/CAD is climbing higher and remains well supported above the 1.3200 level. Important Takeaways for GBP/USD and USD/CAD The British Pound fell significantly after it broke the 1.2250 and 1.2200 support levels. Recently, there was a break above a short term bearish trend line […] The post GBP/USD Could Recover, USD/CAD Remains Supported appeared first on Action Forex.
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China Crosses the Renminbi-con—The Ledger
When currency becomes a weapon.
Read in FORTUNE: https://apple.news/A--
Investors fear China may "weaponize" currency in trade fight
Chinese government lets the yuan's value fall to lowest level in more than a decade in wake of U.S. tariff threat
Read in CBS News: https://apple.news/AD9-
China's currency tumbles after Trump's new tariff threats: Morning Brief
Top news and what to watch in the markets on Monday, August 5, 2019.
Read in Yahoo Finance: https://apple.news/
Yuan skids lower; Market shockwaves; HSBC CEO out
Here's what you need to know about the markets before you start your business day.
Read in CNN Business: https://apple.news/
Forex - Yuan Falls Below 7 per Dollar as Trade Tensions Fuel Selloff
Forex Aug 05, 2019 07:05 GMT Investing.com - The Chinese yuan tumbled more than 1% on Monday, falling below 7 per U.S. dollar for the first time since the 2008 financial crisis, as fears over a sudden escalation in the U.S.-China trade war sparked a selloff in Asian currency markets. The yuan dropped below the 7 per dollar level, regarded as a major support level, falling to as low as 7.1097 per dollar in offshore trade and 7.0424 to the dollar onshore. "This could well be the biggest moment for
Read in Investing.com: https://apple.news/
China's yuan falls further to US dollar amid trade war fears
China's yuan falls further against dollar amid fears of mounting economic damage from trade war with Washington
Read in ABC News: https://apple.news/AU_
HEALTH / SCIENCE
Drug industry urges Canada to act early on U.S. import plan
Canada's main pharmaceutical lobby group has urged the government not to wait for drug shortages before responding to U.S. plans to import Canadian drugs, according to documents seen by Reuters.
Read in Reuters: https://apple.news/AD-ele-
The Psychiatric 'Wonder Drug' That Almost No One Is Using
Clozapine could save the lives of suicidal schizophrenic people who aren't responding to other treatments. So why are so few doctors using it?
Read in VICE: https://apple.news/
Diabetic, 27, dies after taking cheaper insulin as he lost private health insurance
Josh Wilkerson was alone, in the sleeping quarters above the northern Virginia dog kennel where he worked, when he suffered a series of strokes that would prove fatal.
Read in The Independent: https://apple.news/AJl4YB4B-
Lowering Out-of-Pocket Health Costs Isn't Easy. States Have Tried.
Congress is promising to tackle them this year. Can it succeed where states haven't?
Read in Governing: https://apple.news/A_
What will happen to doctors and hospitals under Medicare-for-all? It's complicated.
Wealthy paper-pushers and specialists will take a hit, but others will benefit
Read in The Week: https://apple.news/
Axios Vitals: Health care gobbling up wages — Racism impacts kids' health — Big Tech working on diabetes
Good morning. My deepest condolences to everyone impacted by this weekend's horrific shootings, and thank you to all of the first responders and medical personnel who prevented further loss of life.
Read in Axios: https://apple.news/
Judge Delivers A Big Victory For Affordable Health Care
Just over two weeks ago, U.S. District Court Judge Richard Leon upheld a Trump administration rule that expands access to short-term, limited duration health plans. The ruling represents a major victory for those in need of affordable health coverage.
Read in Forbes: https://apple.news/
Medical community responds to shootings
America’s medical community has a long history of trying to improve public health. But now it's looking to end gun violence. Dr. Jon LaPook reports.
Read in CBS News: https://apple.news/
Drug industry urges Canada to act early on U.S. import plan
Canada's main pharmaceutical lobby group has urged the government not to wait for drug shortages before responding to U.S. plans to import Canadian drugs, according to documents seen by Reuters.
Read in Reuters: https://apple.news/AD-ele-
The Psychiatric 'Wonder Drug' That Almost No One Is Using
Clozapine could save the lives of suicidal schizophrenic people who aren't responding to other treatments. So why are so few doctors using it?
Read in VICE: https://apple.news/
Diabetic, 27, dies after taking cheaper insulin as he lost private health insurance
Josh Wilkerson was alone, in the sleeping quarters above the northern Virginia dog kennel where he worked, when he suffered a series of strokes that would prove fatal.
Read in The Independent: https://apple.news/AJl4YB4B-
Lowering Out-of-Pocket Health Costs Isn't Easy. States Have Tried.
Congress is promising to tackle them this year. Can it succeed where states haven't?
Read in Governing: https://apple.news/A_
What will happen to doctors and hospitals under Medicare-for-all? It's complicated.
Wealthy paper-pushers and specialists will take a hit, but others will benefit
Read in The Week: https://apple.news/
Axios Vitals: Health care gobbling up wages — Racism impacts kids' health — Big Tech working on diabetes
Good morning. My deepest condolences to everyone impacted by this weekend's horrific shootings, and thank you to all of the first responders and medical personnel who prevented further loss of life.
Read in Axios: https://apple.news/
Judge Delivers A Big Victory For Affordable Health Care
Just over two weeks ago, U.S. District Court Judge Richard Leon upheld a Trump administration rule that expands access to short-term, limited duration health plans. The ruling represents a major victory for those in need of affordable health coverage.
Read in Forbes: https://apple.news/
Medical community responds to shootings
America’s medical community has a long history of trying to improve public health. But now it's looking to end gun violence. Dr. Jon LaPook reports.
Read in CBS News: https://apple.news/
USA / CANADA
Financial firms fleeing high-tax northeast for billionaire-packed Florida county
Firms were mainly relocating from New York, Boston and Greenwich, Connecticut.
Read in Fox News: https://apple.news/
Global recession will come in 9 months if Trump takes this one step, Morgan Stanley argues
A recession will come in nine months’ time if President Donald Trump goes one step further in his plan to impose tariffs on Chinese-made consumer products, a leading brokerage argues.
Read in MarketWatch: https://apple.news/
Opportunity Knocks In Inflation
Inflation rates consistently below or around target levels since the global financial crisis have changed investors' expectations for, and pricing of, forward inflation.Despite strong above-trend economic growth, a tight labor sector and gradually increasing wage growth, core inflation levels in the U.S. have declined.In the near term, TIPS prices seem to reflect an insufficient risk premium.
Read in Seeking Alpha: https://apple.news/AVe23AMf-
With Currency Manipulator Label, China Trade War Moves Into Unchartered Waters
Treasury labels China a currency manipulator. "We just threw gasoline on the fire."Read in Forbes: https://apple.news/
China fires biggest warning shot yet in trade war and now it's up to Trump to decide how far to goChina added its currency to the weapons it is willing to use in the trade war, and now it's up to President Trump to make the next move.Read in CNBC: https://apple.news/AV_
EMERGING MARKETS
Investors Are Fleeing Emerging Markets Stocks as Trade War Heats Up
Emerging markets net capital flows reached -$35.8 billion in June, and experts say trade tensions are spooking investors.
Read in FORTUNE: https://apple.news/
A US-Brazil trade agreement benefits us in more ways than one
If we can move past recent squabbles and each leader can tame special interests, the United States could seize an opportunity to help our trade agenda and a key neighbor in more ways than one.
Read in The Hill: https://apple.news/
Mexican government vows legal action against US in response to El Paso mass shooting
The Mexican government on Sunday threatened legal action against the United States for its response to Saturday's mass shooting at Walmart in El Paso, Texas that left 20 people dead, including six Mexican nationals.
Read in Fox News: https://apple.news/
Investors Are Fleeing Emerging Markets Stocks as Trade War Heats Up
Emerging markets net capital flows reached -$35.8 billion in June, and experts say trade tensions are spooking investors.
Read in FORTUNE: https://apple.news/
Trump imposes sanctions on Venezuelan government's assets
WASHINGTON (Reuters) - U.S. President Donald Trump has imposed sanctions on assets of the Venezuelan government, according to an executive order published on Monday. "All property and interests in property of the Government of Venezuela that are in the United States ... are blocked and may not be transferred, paid, exported, withdrawn, or otherwise dealt in," the executive order says. (Reporting by Makini Brice and Eric Beech)
Read in Business Insider: https://apple.news/
U.S. Expands Sanctions Against Venezuela Into an Embargo
The new measures mark a significant escalation of pressure against the regime of President Nicolás Maduro and countries including Russia and China that continue to support him.
Read in The Wall Street Journal: https://apple.news/
Agility is the watchword as trade tensions jolt emerging markets
The trade war is taking a turn for the worse just as investors digest one of the roughest weeks for emerging markets this year. China responded to Donald Trump's tariff threat with another escalation of the trade war on Monday, letting the yuan slide past 7 to the dollar to the weakest level in more than a decade. Trump last week threatened to put 10% tariffs on a further $300 billion of the country's goods. The latest showdown puts the Asian nation's trade data on Thursday in the spotlight amid
Read in My San Antonio: https://apple.news/
Emerging debt, stocks suffer biggest daily outflows of 2019 on Friday: IIF
LONDON (Reuters) – Emerging market debt and equities suffered their biggest outflows of 2019 on Friday with hefty losses continuing on Monday amid a sharp escalation of Sino-U.S. trade tensions, data from the Institute of International Finance showed (IIF). Analysing high frequency data from local stock exchanges and debt offices, the IIF, found that $2.33...
Read in CreaWorldNews: https://apple.news/
MIDDLE EAST
Iran: Zarif says US sanctions against him 'failure' for diplomacy
Iran's foreign minister Mohammad Javad Zarif has slammed the United States' decision to impose sanctions on him, calling the move a "failure" for diplomacy. Speaking at a news conference in Tehran on Monday, Zarif lamented that, despite its calls for talks, the US was not interested in diplomacy to resolve the nuclear standoff. "Imposing sanctions against a foreign minister means failure [for any efforts at negotiations]," said Zarif, adding that it also meant the side imposing the measures was
Read in Aljazeera: https://apple.news/
The Future of Iran’s Caspian Sea Territory
42 دقیقه One year after the Convention on the Legal Status of the Caspian Sea was signed, the Iranian public has expressed alarm about the fate of a vast expanse of Iran's territory. On August 12, 2018, the heads of states of Iran, Russia, the Republic of Azerbaijan, Turkmenistan and Kazakhstan, all of which border the Caspian Sea, signed the convention, the culmination of 26 years of negotiations. The agreement, which was signed in the coastal city of Aktau in Kazakhstan, outlines the rules
Read in IranWire English: https://apple.news/A79cBSn9eN_
Iran Reportedly Seizes Iraqi Tanker In Persian Gulf
The unidentified vessel was reportedly taken last Wednesday near Farsi island, where Iran maintains a naval base. Iraq's oil ministry has denied it has any connection with the ship.
Read in NPR: https://apple.news/
Iraqi oil ministry says has no ties to oil tanker seized by Iran
Iraq's oil ministry said on Sunday it has no connection with an oil tanker seized by Iran in the Gulf for smuggling fuel, Iraqi News Agency reported.
Read in Reuters: https://apple.news/
Israel's Air Force (Maybe F-35s) Went to War in Iraq?
Stratfor Worldview Security, Middle East How it went down. Israel's prolonged campaign against similar deployments in Syria is designed to prevent Iran from establishing missile sites in the country that would allow it to target Israel. What Happened: Israel reportedly carried out two airstrikes against Iranian-linked targets inside Iraq on July 19 and July 28 to target advisers and missile shipments from the Islamic republic, Asharq Al-Awsat reported July 30. Why It Matters: Israel has carried
Read in The National Interest: https://apple.news/
AFRICA
Zimbabwe: U.S.$2,8 Billion Slated for Command Agriculture
Government has earmarked $2,8 billion for Command Agriculture, which will extend the facility by another year and result in the production of 210 000 hectares of maize and 30 000 hectares of soyabeans during the 2019/20 summer cropping season. Presenting his Mid-Term Fiscal Policy Review and Supplementary Budget Statement last Thursday, Finance and Economic Development Minister Mthuli Ncube said the programme will only benefit farmers with good track records of repaying loans and producing high
Read in AllAfrica: https://apple.news/
Zimbabwe: U.S.$630 Million Reserved for Local Grain Purchases
Government has set aside $630 million for local grain purchases and logistics to augment the 852 000 tonnes anticipated from the 2018/2019 grain yield, Finance and Economic Development Minister Professor Mthuli Ncube said. He said this while presenting the 2019 Mid-Year Budget Review and Supplementary Budget last Thursday. "To incentivise farmers to deliver, Government has reviewed maize producer prices upwards from $726 per tonne set earlier," said Prof Ncube. "GMB has also opened additional
Read in AllAfrica: https://apple.news/
Zimbabwe hikes fuel prices by 26 percent
Zimbabwe has increased the price of petrol and diesel by up to 26 percent after the finance minister raised import tax on fuel last week, adding more pressure on citizens grappling with triple-digit inflation. Prices of basic goods and services have more than doubled since June, when the government renamed the RTGS currency as the Zimbabwe dollar, which has been sliding in value amid widespread shortages, including power, fuel and US dollars. That has stirred memories among an increasingly
Read in Aljazeera: https://apple.news/
Uganda: Water-Saving Potassium Crystal Heralds Hope for Ugandan Farmers
Will a white crystal solve Uganda's water for agriculture challenges? This is an emerging question following a recent display of this technology during the annual National Agricultural show at Jinja. The annual show themed: Agricultural technologies and innovations for farmer-led agro-industrialisation, showcased technologies ranging from seeds, forage, mechanisation inputs, water retention technologies, value addition and even access to credit. NEW TECHNOLOGY That most crop exhibitors employ
Read in AllAfrica: https://apple.news/
Mozambique: economic climate indicator shows slight rise in Q2 – INE
The Economic Climate Indicator (ICE) of Mozambican companies rose in June for the third consecutive month, albeit slightly, the National Statistics Institute (INE) announced yesterday. The index rose from 96.6 in May to 96.9 in June, with the INE indicating that the increase was mainly influenced by favourable employment prospects. “The economic climate indicator (ECI)...
Read in FurtherAfrica: https://apple.news/
Angola grants 35 licenses for Diamond exploitation
The Ministry of Mineral Resources and Petroleum (Mirempt) granted on Tuesday, 35 diamond exploitation licenses to small industrial cooperatives in northern Uíge province. At least eight firms received exploitation licenses during a ceremony led by the national director of Mineral Resources, André Buta, in the presence of the deputy-governor for Political, Social and Economic Affairs,...
Read in FurtherAfrica: https://apple.news/
ASIA
China just threw its next punch in the trade war
Beijing on Monday responded to President Trump's threat to place new tariffs on Chinese goods by letting its currency sink to the weakest level in over a decade and ordering state-owned companies to halt their purchases of U.S. agricultural products.
Read in Fox Business: https://apple.news/
China Strikes Back
The strength of the yen and the weakness of the yuan conspired to send the Australian dollar sharply lower.Germany's July composite PMI fell to 50.9 from the flash reading of 51.4 and 52.6 in June.The Canadian economy is among the strongest of the high-income countries.
Read in Seeking Alpha: https://apple.news/AzOaf5H_
Hong Kong stocks match longest losing streak since 1997
Hong Kong equities are rapidly turning into a losing bet as economic woes and escalating street protests hammer sentiment. The MSCI Hong Kong Index closed down 3.2% on Monday in a ninth day of declines, matching the longest streak since the 1997 handover. Landlords, retail stocks and casinos once again bore the brunt of the selling as protesters sought to shut down the city with a general strike. The sinking Chinese currency isn't helping either, with its plunge past 7 per dollar escalating
Read in My San Antonio: https://apple.news/
Hong Kong equities are rapidly turning into a losing bet as economic woes and escalating street protests hammer sentiment. The MSCI Hong Kong Index closed down 3.2% on Monday in a ninth day of declines, matching the longest streak since the 1997 handover. Landlords, retail stocks and casinos once again bore the brunt of the selling as protesters sought to shut down the city with a general strike. The sinking Chinese currency isn't helping either, with its plunge past 7 per dollar escalating
Read in My San Antonio: https://apple.news/
China's central bank denies it's devaluing country's currency to counter tariffs
China has allowed its yuan to break through 7 against the dollar for the first time in 11 years, but it insisted the move is not "competitive devaluation."
Read in CNBC: https://apple.news/AzG_
China hits back at Trump by halting U.S. crop purchases and weakening its currency
China responded to Donald Trump’s tariff threat with another escalation of the trade war on Monday, letting the yuan tumble to the weakest level in more than a decade and asking state-owned companies to suspend imports of U.S. agricultural products.
Read in Bloomberg: https://apple.news/A1kkaa-
China vows countermeasures if US deploys missiles in Asia
China says it "will not stand idly by" and will take countermeasures if U.S. deploys intermediate-range missiles in the Indo-Pacific region
Read in ABC News: https://apple.news/
Can belt and road plan reverse sagging fortunes of China’s trade war-hit northeastern ports?
For a while, the ports in the northeastern Chinese province of Liaoning have been pinning their future on the success of Beijing’s Belt and Road Initiative, a global trading strategy to link China with rising consumer classes in Asia, the Middle East and…
Read in South China Morning Post: https://apple.news/
EUROPE
EU Commission warns of significant disruption from hard Brexit
BRUSSELS (Reuters) - The European Commission is open to talks with British Prime Minister Boris Johnson to avoid a hard Brexit that would cause significant economic disruption, a spokeswoman for the EU executive said on Monday. However, she reiterated that the agreement reached already on Britain's withdrawal from the EU is not up for negotiation. "But we are open to talk about the political declaration," Mina Andreeva told a news briefing. (Reporting by Daphne Psaledakis and Francesco Guarascio
Read in Business Insider: https://apple.news/
EU watchdog calls for applying Basel bank capital rules in full
Global bank capital rules shouldbe applied in full across the European Union, the bloc's bankingwatchdog said on Monday, dashing industry hopes for leniencyafter a decade of intense regulation.
Read in Reuters: https://apple.news/
US-EU beef deal an encouraging sign of trade progress, strategist says
But ING's Bert Colijn says the U.S. levying tariffs on EU goods by November is still a possibility.
Read in CNBC: https://apple.news/
We can collapse your government to prevent no-deal Brexit, senior Conservative MP warns Boris Johnson
Conservative MP Dominic Grieve, who is trying to stop a no-deal Brexit, says MPs could still vote to bring down Boris Johnson's government if he tries to force the UK out of the EU. One of Johnson's senior aides reportedly laughed at the idea that the new prime minister would resign if he was brought down in a no-confidence vote. Johnson has promised to take the UK out of the EU by October 31, with or without a deal. Visit Business Insider's homepage for more stories. Senior Conservative Member
Read in Business Insider: https://apple.news/A-
For Ireland Plc, Pain of No-Deal Brexit Is Starting to Hit Home
Ireland’s biggest companies are getting a taste of the pain that could come from the U.K. crashing out of the European Union without a deal.
Read in Bloomberg: https://apple.news/
MPs CAN'T block No Deal Brexit, warns Cabinet minister Matt Hancock
Boris Johnson is unveiling a £1.8billion one-off cash injection to boost the health service, targeting Leave areas as he continues what looks like a pre-poll spending spree.
Read in Daily Mail: https://apple.news/
Just 3 in 10 British firms that export to the EU are prepared for a no-deal Brexit
Just one in three UK exporters to the EU have secured crucial documentation for a no-deal Brexit. 27% of British businesses that export to the EU have secured an EORI number, which they will need to keep trading with the EU in the event of a no-deal Brexit. Lib Dem MP Chuka Umunna, who obtained the information from the Treasury, said it shows "an overwhelming majority of UK exporters to the EU are unprepared for a 'no deal' Brexit." There is growing concern that British business will not be
Read in Business Insider: https://apple.news/A8pd-
Parliament can no longer block no-deal Brexit, senior Tory insists
Parliament is no longer able to block a no-deal Brexit, a senior cabinet minister has said.
Read in The Independent: https://apple.news/
CBI, ISX, Kauaihn Chatter:
CBI Update:
The CBI for Wednesday 8/7/19 did update on the indicative rates Sell Rate 1190
The currency auction is 226,527,527
There are no news and announcements.
Rafidain announces the outcome of the completion and granting loans of various kinds to citizens
Date of edit:: 2019/8/7 9:16 • 177 times read
Al-Rafidain Bank announced the completion and granting of loans of all kinds to citizens during the month of June.
The bank's media office said in a statement received by the Euphrates News agency that "the proceeds of loans granted to citizens in June was to grant construction loans in a piece of land has reached 91 transactions and grants of small projects amounting to 15 million dinars, where Granted 242 loans. "
The statement pointed out that "citizens wishing to purchase apartments Bsmaih residential loans were granted as 237 transactions were granted to citizens and car loans were granted to 153 transactions and lending transactions for financial facilities in addition to the loans of doctors of various specialties to 22, and loans to finance scientific research to 11 borrowers ". is over
The statement pointed out that "citizens wishing to purchase apartments Bsmaih residential loans were granted as 237 transactions were granted to citizens and car loans were granted to 153 transactions and lending transactions for financial facilities in addition to the loans of doctors of various specialties to 22, and loans to finance scientific research to 11 borrowers ". is over
Click on link above for latest update.
Shares Traded:
Value Traded:
ISX ended in Green
Kauaihn Chatter:dd
8-7-2019 Newshound Guru Kaperoni ...Iraq is planning...a market economy, stock market and private sector...investment will fuel the growth of Iraq and allow Iraq to prosper. What can happen is Iraq will transition to a market economy, create a private sector and achieve billions in foreign investment. If it happens, that will drive the currency (dinar) value up gradually.
8-6-2019 Newshound/Intel Guru Dinar Investor - Jeff I told you that they have some key laws...3 laws...Article 140, HCL and the Federal Court Act... that can only happen after the rate change...Article 140...has been on the books and ready to go since 2005... why would they have been just talking about them instead of enacting them. It's very clear we are waiting on a rate change. But now they are telling you they are going to try and tackle them starting in the next legislative term which is September...September is coming together right before your eyes...IMO... [post 2 of 2]
8-6-2019 Newshound/Intel Guru Dinar Investor - Jeff Article quote: "...noting that the House of Representatives is determined to enact the outstanding laws 15 years ago, the most important oil and gas and the Federal Court..." The article tells you that these laws are 15 years old...waiting and pending to be enacted... And now they are telling you in the news that Parliament is going to try and get these laws enacted in the next term which starts in September. Since July I have put a large emphasis on September for many reasons and now you are starting to see September come together before your eyes... [post 1 of 2....stay tuned]
8-6-2019 Newshound/Intel Guru Dinar Investor - Jeff Article quote: "...noting that the House of Representatives is determined to enact the outstanding laws 15 years ago, the most important oil and gas and the Federal Court..." The article tells you that these laws are 15 years old...waiting and pending to be enacted... And now they are telling you in the news that Parliament is going to try and get these laws enacted in the next term which starts in September. Since July I have put a large emphasis on September for many reasons and now you are starting to see September come together before your eyes... [post 1 of 2....stay tuned]
8-6-2019 Newshound/Intel Guru Mnt Goat First what did the Parliament tell us way back in March 2019 about the dinar? I quote from the article – “THE COMMITTEE WILL MOVE DURING THE CURRENT LEGISLATIVE TERM TOWARDS CHANGING THE FISCAL AND MONETARY POLICY IN THE COUNTRY in general,” So from this news from parliament in March they planned to get the dinar reform done within the first legislative term. This term is just now ending. It was supposed to end way back at the end of June but was delayed and they extending the session until now. So technically the session can continue right up until September 3rd, even though members may now be physically in the house and on recess. We see the next term starting on September 3rd. Is this maybe a window of opportunity for us to see some progress in the dinar reinstatement or will they postpone it to the 2nd legislative term?
8-6-2019 Intel Guru MarkZ [When are we expecting 800 numbers?] I expected them last night...my guess is anytime before Thursday. [...have you heard anything from your redemption center contacts?] They are still at work waiting for us to exchange this week...They are being told to be “on call” this weekend... IMO no hold up…we are moving forward as we speak. It’s crunch time to get this thing out the door. [Do you see the RV by Thursday?] Well I am putting myself out on a limb- but yes I do. [post 2 of 2]
8-6-2019 Intel Guru MarkZ [via PDK] We are just sitting on the edge of our seats waiting for this to go... Its been a miserable week of “Any minute now”. ...The new edition of the Gazette #4550...Lots of information about the impending revaluation of the dinar. Iraqi contacts are at the edge of their seats saying it could be any moment…no change of rate as of yesterday...Military contacts say it is absolutely “any moment”. I was told that the Treasury gave the go ahead and that they gave the” GO” for this week. [post 1 of 2....stay tuned]
8-6-2019 Newshound/Intel Guru RVAlready Everything is ready. This cannot/should not be held up any longer. Exchanges need to actually start now!
8-6-2019 Newshound/Intel Guru Dinar Investor - Jeff This is not my opinion. This is fact...what they're gonna do is yes they'll delete the zeros to replace larger notes with smaller notes and coins. What they're gonna do is increase the exchange rate just as they told you on March 20th of this year...what that does is add value to the currency to give purchase power...that's how simple it is...they've also told us the two currencies will coexist together at the same time. Meaning a 25k note will maintain its value and a 25 note will maintain its value. They coexist together at an increased rate... [post 2 of 2] [see post 1....8-5-2019]
8/6/2019 Intel Guru MarkZ [via PDK] [Everyone says I am crazy and being scammed] Warren Buffet bought a lot of Dinar and he doesn’t fall for scams. Reserves may have been a scam...we all fell for that...but the Dinar investment is definitely not a scam.
Elmer:
Not in today
Artmeister:
Not in today
Catnip:
***************
ARTICLE 1-A (from PM Madhi's website; posted only on Arabic side, not on English side)
The Cabinet holds its regular session chaired by Prime Minister Adel Abdul Mahdi
The cabinet held its regular session on Tuesday, August 6, 2019, under the chairmanship of Prime Minister Adel Abdul Mahdi.
The Cabinet approved the recommendation of the Ministerial Energy Council on the service contract for the Mansouriya field.
The Council approved the draft law on public-private partnership.
The draft agreement on the avoidance of double taxation and the prevention of tax and income tax evasion between the Government of the Republic of Iraq and the Government of the Kingdom of Saudi Arabia was approved.
The Council also approved the requirements of the electoral process for provincial councils not organized in the province.
The Council approved the recommendations of the meeting on the development of the Safwan border crossing.
The Council of Ministers also approved the recommendation of the Ministerial Council of Economy on the donation of vehicles.
Information Office of the Prime Minister
6- August - 2019
**************
ARTICLE 1-B (from PM Madhi's website; posted only on Arabic side, not on English side; 7 pix)
Prime Minister Adel Abdul Mahdi praises for the high students and outstanding students from the provinces and liberated cities August 5, 2019
Prime Minister Adel Abdul Mahdi held a reception in honor of the first outstanding students from all governorates in the presence of their families and officials at the Ministry of Education.
The Prime Minister said: I congratulate you and all your families and ourselves for this success and excellence. Tournaments and sacrifices of our heroic fighters who liberated the land from the desecration of the ISIS gang, we are sitting here today to achieve this success, excellence and stability, adding that so many outstanding people have great clues.
The Prime Minister expressed
He expressed his happiness for the large number of female students who reach up to two-thirds. This observation must have results and require them to have positions of responsibility and to find repulsions. Education and excellence is the preserve of the affluent families or the capital Baghdad, but from all provinces, as well as the presence of a good percentage of the people of the liberated areas, despite the difficulties they faced Calling for the utmost effort to raise the level of education in Iraq after the great decline witnessed in this sector as a result of wars and conflicts, praising the efforts of officials in the Ministry of Education on the success of exams and ratios of excellence.
The meeting was attended by the Minister of Higher Education and Scientific Research, the Minister of Education and a number of officials at the Ministry of Education.
Information Office of the Prime Minister
5- August
*************
ARTICLE 2 (from Government of Iraq twitter account)
Government of Iraq - الحكومة العراقيةVerified account @IraqiGovt 8-6-2019 around 10:30 am Eastern
The @IraqiGovt implemented a range of measures to expand Iraq’s off-farm grain storage capacity through several schemes, including the use of dismantled concrete blocks and barriers from Baghdad and other cities to construct grain silos.
*************
ARTICLE 3
Halbousi: Parliament plans to prepare a report on the performance of the government
2019/8/7 0:24
[Baghdad-where]
Parliament Speaker Mohammed Halbousi said on Tuesday that the parliament will assess the performance of the government at the end of the first year of its formation, noting that a report will be prepared by the Strategic Planning Committee on the government program and the implementation of this program.
Halbousi said in a televised statement that "Parliament will evaluate the performance of the government by the end of the first year of its formation in order to assess its performance and to know what has been achieved from its program."
He added that "the government submitted its report on the government program and there is another report awaiting Parliament," pointing out that "the parliamentary strategic planning committee will be presented to the House of Representatives of the Government's program."
He explained that "an integrated report will be issued by the Strategic Planning Committee on the achievements of the government program, and I will say my words at the end of the first year of the formation of the government."
*************
ARTICLE 4
The Cabinet decides to grant 100 thousand dinars
2019/8/6 17:08
[Baghdad-where]
The Council of Ministers, in its regular session on Tuesday, decided to give a gift of 100,000 dinars to beneficiaries of the social protection benefit on the occasion of Eid al-Adha. The decision of the Council of Ministers was at the request of the Ministry of Labor, head of the Social Protection Authority.
*************
ARTICLE 5
Cabinet ministers set Eid al-Adha holiday
2019/8/6 23:28
[Baghdad-where]
The General Secretariat of the Council of Ministers, on Tuesday, August 6, 2019, the days of Eid al-Adha holiday in official circles.
"The Eid al-Adha holiday will begin on Sunday, August 11, 2019 and will last for five days ending on Thursday, 15 June," the secretariat said in a press release.
(note error in translation.....should be 15 August)
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