WOTS THU JUL 29 21
Al-Kazemi: The Baghdad-Washington relationship will turn to a new stage
These are the articles I discussed on the My FX Buddies Podcast
This is the video I discussed on the My FX Buddies Podcast
After the US announcement, the commander of the Iranian Quds Force arrives in Baghdad on a "secret" visit
An informed source said on Tuesday that the commander of the Iranian Quds Force had arrived in the Iraqi capital, Baghdad, on a "secret" visit.
This visit comes hours after US President Joe Biden announced the end of his forces' "combat" missions in Iraq.
The source told Shafaq News Agency, that the commander of the Iranian Quds Force, General Ismail Qaani, arrived today in Baghdad on a secret and unannounced visit, indicating that the visit comes in order to meet with a number of political forces and armed factions for the purpose of discussing the latest Iraqi-American agreement, What took place between Al-Kazemi and Badin regarding the total US withdrawal from Iraq.
The "Shiite" political forces welcomed the results of the negotiations conducted by an Iraqi delegation in the US capital, Washington, which resulted in a declaration by US President Joe Biden that "the combat missions are over" in Iraq.
And US President Joe Biden announced, during a meeting yesterday, Monday, with Iraqi Prime Minister Mustafa Al-Kazemi, that the United States will end by the end of the year its "combat mission" in Iraq to begin a "new phase" of military cooperation with this country.
Al-Kazemi arrived yesterday (Sunday, July 25) at the head of a high-level delegation that includes the ministers of foreign affairs, defense, oil, trade and culture, to the American capital, Washington, on an official visit.
Qaani had visited Baghdad on the ninth of last June, and held extensive meetings with government and political parties and armed Shiite factions for the purpose of discussing the situation on the Iraqi arena.
Enlarge the picture below to read the writing his note card:
The United Nations Compensation Commission pays $600 million to a Kuwaiti oil company in compensation for the invasion of Iraq
A United Nations committee paid $600 million to the Kuwait National Oil Company, today, Tuesday, in compensation for Iraq's invasion and occupation of Kuwait three decades ago.
The United Nations Compensation Commission said it has paid governments and international organizations so far $51.3 billion since the approval of 1.5 million claims related to Iraq's invasion of Kuwait.
KPC succeeded in claiming $14.7 billion in oil production and sales losses resulting from damage to the country's oil fields during the 1990-1991 invasion and occupation that led to the US-led "Gulf War".
The company is the only remaining claimant, and expects to receive another $1.1 billion.
Under the UN Security Council resolution issued in 1991, Iraq allocated a percentage of its oil export revenues to the Compensation Fund, and the committee indicated that this share is currently set at 3%.
At the current payment rate, the last installment is expected to be paid within a year.
Al-Kazemi: The Baghdad-Washington relationship will turn to a new stage
Iraqi Prime Minister Mustafa Al-Kazemi praised, on Tuesday, his country's strategic relationship with the United States of America.
Al-Kadhimi said, during an interview with Al-Iraqiya Al-Akhbariya, "The relationship between Iraq and the United States will turn into a new stage, and our role in the region has become pivotal."
The Iraqi Prime Minister stressed that the security forces are able to protect the country, calling for the need to work to restore the state's prestige and create a safe environment for investment.
Al-Kazemi added that the most important achievement in the strategic dialogue between Baghdad and Washington is that it unified the positions of the Iraqi political forces, and continued, "Coordination between Iraq and the United States will not be limited to the security aspect."
Within the fourth and final round of the strategic dialogue with Washington, Iraq ended the complex debate over the fate of its combat forces in the Arab country and the scheduling of their complete withdrawal.
The results of scheduling the strategic framework came, after a meeting between US President Joe Biden and Iraqi Prime Minister Mustafa Al-Kazemi, last Monday, with the end of the presence of those forces and their complete withdrawal by the end of this year, and limited support to Iraq through groups of American elements specialized in training and advice.
Although the political and official circles saw the agreement as a historic decision and a negotiating round, from which Iraq came out with the lion's share, this did not reduce the level of fears that Iran was alone in that scene and its influence penetrated further into the Iraqi interior.
Al-Kazemi: The doors of Iraq are open to investment and American companies in particular
Prime Minister Mustafa Al-Kazemi spoke during his meeting with the Businessmen Forum and the American Chamber of Commerce, indicating to them that Iraq's doors are open to investment, and American companies in particular.
He added, "The Iraqi government has taken bold measures towards real reforms in the economy, the most important of which is strengthening credit activity in the banking sector, and we have begun to address weak infrastructure despite the budget deficit, by encouraging private sector investments."
He continued, "The government has put forward clean energy projects through competitive and transparent bidding, which resulted in attracting the largest international companies in the field of solar energy, and we are now in negotiations with the largest international companies to grant 7,500 megawatts in the field of solar energy during the next two years."
And Al-Kazemi said, "The government has begun to address the housing crisis through a package of measures, the most important of which is the initiative of government banks, and a number of private banks to offer low-cost and long-term loans to support the purchase of housing units, and this will also help encourage investment in the real estate sector, and this initiative helped activate a number of discontinued projects.
He stated that "corruption is being fought and state resources are preserved, and one of the most important measures is the cancellation of licenses in fake and lagging projects that are behind the mafias of economic and political corruption," noting, " In a short period, we have achieved great progress in the investment sector, and there is great work in the field of oil and energy." and clean energy in particular. We have launched strategic projects in the field of gas and the investment of associated gas, in cooperation with American companies."
He also said that "Iraq's doors are open to investment, and American companies in particular, and our vision is serious in relying on Western investments instead of others, and we need your cooperation in order to achieve this."
The increase in the wealth of the Iraqi individual.. and this is his share of the GDP
The Swiss Credit Suisse Bank revealed , on Wednesday, that the size of the Iraqi individual's wealth amounted to more than 14 thousand dollars until 2020, and his share of the gross domestic product amounted to more than 8 thousand dollars.
According to the Global Wealth Report for the year 2021 issued by the Swiss Bank Credit Suisse and seen by Shafak News Agency, "the wealth of the Iraqi individual rose from 2,808 thousand dollars in 2000 to 14,506 thousand dollars in 2020, that is, it jumped by 416.6 percent during two decades, while it reached The total wealth in Iraq is 308 billion dollars, which constituted 0.07 percent of the total wealth in the world in 2020, and the per capita GDP reached 8,204 thousand dollars.
According to the Credit Suisse report, "Switzerland was ranked as the richest country in the world in terms of average wealth per capita of nearly $674,000, and the United States came in second place, with an average per capita wealth of $505.42 thousand."
Hong Kong ranked third in the list, with a wealth of 503.34 thousand dollars for each person. Australia came fourth with an average of 483,760 thousand dollars, while the Netherlands came in fifth place with an average wealth per capita of 377.09 thousand dollars per person. Denmark came sixth with an average of 376,000 dollars, and Belgium came seventh. An average of $351,000.
In the Arab world, Qatar came first in terms of average wealth per capita, with an average of 146.73 thousand dollars, followed by the UAE with an average of 115,476 thousand dollars per person, and Bahrain ranked third with 87,559 thousand dollars per person.
The Credit Suisse report measures average individual wealth based on per capita GDP, stock market indices, stock and asset prices, the exchange rate, and real estate prices.
here is the link
link and scroll down almost all the way to the bottom
THis is the latest on their accession process they are not an active member of the WTO and it will be a while before they are
It will not hold up the RV, Iraq does not need to be in the WTO to raise their rate.
Afghanistan is a full active member of the WTO and has been for 5 years with their currency in the status it is in. Just for comparison.
Issue N° 105 - July 2021
Iraq:
The Chairperson of the Working Party, Ambassador Omar Hilale (Morocco), who is currently based in New York, visited Geneva on 16-18 June. Building on his earlier visits, the purpose of the Chairperson's meetings in Geneva was to identify steps and mobilise support in relaunching Iraq's accession process which had been challenging due to the security situation in the country.
During his visit, the Chairperson met with: Iraq's new Ambassador Abdul-Karim Hashim Mostafa in Geneva; WTO Director-General, Dr. Ngozi Okonjo-Iweala and Deputy Director-General Zhang Xiangchen; the Executive Director of the International Trade Centre (ITC), Ms. Pamela Coke-Hamilton, and Acting Secretary-General of the UN Conference on Trade and Development (UNCTAD), Ms. Isabelle Durant. Moreover, he held several bilateral meetings with WTO Members, and with representatives of the World Bank.
The Chairperson left Geneva with a very positive assessment of Iraq's accession process. He felt that there was a renewed political engagement from the Iraqi government, as well as from the mission in Geneva. He believes that as soon as the Secretariat receives the necessary negotiating inputs, the 3rd Working Party meeting could be held before the end of 2021.
Secret visits accompanied by attacks.. Militias reveal Iran's "code" in Iraq
A direct relationship between the secret visits of Iranian officials to Iraq, and the militia attacks on American interests in the country, the code of which is revealed by the Katyusha missiles.
The attacks precede or follow the visit of Iranian officials, but they do not cease to coincide with the visit of the commander of the Quds Force of the Iranian Revolutionary Guards, or the head of intelligence.
The new episode in the series of Iranian tampering with the security of Iraq is the targeting of the vicinity of the American embassy in Baghdad with two Katyusha missiles, two days after a secret and unannounced visit of the Iranian Quds Force commander, Ismail Qaani, to Baghdad.
The attack also coincides with the return of Iraqi Prime Minister Mustafa Al-Kadhimi from Washington after a visit in which it was agreed to end the "combat mission" of the United States in Iraq by the end of the year, amid dissatisfaction among the militias loyal to Iran, for the withdrawal.
And just two weeks ago, the militias intensified their attacks on the American forces, targeting the Taji camp and the Green Zone in Baghdad, while Qaani was also on a "secret" visit to Iraq.
Qaani’s four visits so far to Baghdad since he assumed the leadership of the Quds Force, succeeding the slain General Qassem Soleimani, and the militias’ celebration of it by launching missiles that do not leave victims, in which analysts read double messages, part of which is directed to support the militias, and the other to pressure the Al-Kazemi government to influence him in Take any step towards the future of armed groups, and the fate of US forces in the country.
In the first week of this month, the militias targeted Washington’s interests in Iraq, and 3 drones carrying explosive materials attacked a base located near the US embassy in the capital, Baghdad, and at that time, the head of the Revolutionary Guards’ intelligence service, Hussein Taeb, was visiting the Iraqi capital, and he met the leaders of the loyal factions. for Tehran.
A convoy of the international coalition was also attacked with explosive devices in southern Iraq, followed by the targeting with 3 missiles of the Ain al-Assad base, where US forces are located in the west of the country, coinciding with Taeb's visit.
The circumstances of Taeb's visit are similar to Qaani's visit last June, when the bombing of Baghdad Airport was targeted by a drone, preceded by another missile attack on Balad Air Base, north of the Iraqi capital.
However, what is remarkable is that all the aforementioned attacks have a common denominator, which is that they do not cause casualties, nor significant losses; This suggests that the militias are sending messages through a media echo; To put some kind of pressure on Al-Kazemi before and after his visit to Washington.
In addition, the militias fear a devastating US response in the event of casualties, as happened when an American retired was killed in December 2019, in an attack on a camp in the city of Kirkuk in northern Iraq.
At the time, Washington responded with raids targeting sites of pro-Iranian factions near the Syrian border, which resulted in 20 deaths and heavy losses, which Tehran and its militias fear in Iraq.
The code of the Iranian messages, then, has become exposed to all; Targeting American interests without causing casualties, and without hitting the target accurately, to pressure the Iraqi government to overlook the militia’s uncontrolled weapons, and leave the rope to the west for the political influence of its arms in the partisan scene, then the skirmish with Washington to confirm Tehran’s rejection of foreign forces staying in the neighboring country.
Iran: Arab countries have started our commercial competition in Iraq
link more reasons for Iran to not want Iraq to open up to the world
The economic advisor to Iran in Iraq, Abdul Amir Rabihawi, said that Iran's commercial competitors in the Iraqi market are constantly increasing .
Rabihawi said in a meeting with businessmen in Kermanshan province via the Internet, according to what the official Iranian news agency "IRNA" reported today, Thursday, that in the past, Turkey and China were only Iran's commercial competitors in Iraq, but now the Arab countries in the region, such as the UAE, Saudi Arabia and Jordan , joined Iran's competitors in the Iraqi market
He added that setting restrictive laws and the willingness of Iraqi decision makers to cooperate with Arab countries in the region are among the factors that enhance competition in the Iraqi market .
The Iranian economic advisor said that the Iraqi market today is completely different from 2003, adding that in the early years when we resumed trade with Iraq, the country was in dire need of Iranian goods
He pointed out that Iraq's revenues come from oil sales, indicating that the decline in oil prices in the market and the decline in the country's revenues led to the imposition of restrictions on imports .
Rabehawi stressed the need for direct transportation from Khosravi and Mahran crossings to Iraqi territory, saying that Iraq chose these two ports for goods transit, and at the end of this month, rules and controls for crossing across these borders will be implemented .
He stressed the need to import goods from Iraq to find a balance in the balance of trade exchange between the two countries, noting that the trade balance with Iraq now amounts to 9 billion dollars in favor of exports
Al-Kazemi returns to Iraq: The visit culminated in laying the foundations for a permanent relationship and partnership with the United States
Prime Minister Mustafa Al-Kazemi and the government delegation accompanying him returned home, Thursday, after concluding an official visit to the United States of America that lasted for several days.
Upon his return, Al-Kazemi was received by a number of ministers, heads of bodies, and representatives of social activities.
Al-Kazemi described the visit, as "it culminated in the achievement of the organization, and the establishment of the foundations of the permanent relationship and partnership with the United States of America, in various fields, the most important of which are security, economy, health, education, culture, energy, environment, investment and other outlets of constructive bilateral cooperation."
Al-Kadhimi confirmed what was agreed upon that no US combat forces would be present in Iraq on December 31, 2021.
He added that Iraq is continuing its quest to provide decent opportunities for our people, and to find new beginnings for everything that contributes to serving the citizens.
He expressed his thanks and appreciation to the Iraqi national political forces; For its support of the government's efforts in the negotiations, and its support for the outcomes that have been reached.
Al-Kadhimi indicated the pride of the Iraqi government and people in what was achieved in favor of preserving the Mesopotamian heritage by recovering 17,000 artifacts, which were received from the United States of America, and returned with the delegation on the same plane.
The Prime Minister reiterated his confidence in the contribution of the beloved Iraqi people in the elections of October 10, 2021, indicating that the boycott will not serve anyone and that we have serious work to hold the elections.
Nazim: The start of a new phase of relations between Iraq and the United States
Cabinet spokesman Hassan Nazim confirmed, on Thursday, that Iraq has been able to make a great stride in negotiations with the United States, specifically with regard to the presence of foreign forces, and the next steps will focus on building Iraq.
Nazim said during an interview with the official channel, followed by "Nas" (July 29, 2021), that "the negotiations over the past year focused on ending the presence of combat forces in Iraq, and the step has been achieved," adding that "the next stage should focus on the sectors of the economy." education and culture”.
And he continued, "Iraq has proceeded with a drawn-out plan, and the government is serious about following up the rounds of discussions, and there must be an end to negotiation," saying: "And I expect we have reached it."
And about the nature of the economic dialogues that the Iraqi delegation entered into in Washington, he stressed that they "dealed with several areas, including the electricity and oil files, as well as talking with the concerned authorities there about agreements that would generate satisfaction for foreign companies in the next stage."
He stressed that "Iraq will grant - visa - to foreign and American companies directly at the airport, in a plan aimed at facilitating investment inside the country."
Below here is the regular WOTS report "Word on the Street":
he exchange rate of the dollar against the Iraqi dinar in Iraq today, Thursday, July 29, 2021
Favorite Currencies Forex Quotes
| Symbol | Bid | Ask | High | Low | Open | Change | Time |
|---|---|---|---|---|---|---|---|
| USD/IQD |  1428.7000 |  1479.4000 | 1457.2000 | 1457.1000 | 1457.2000 | -0.1000 | 13:31 |
| USD/VND | 22965.0000 | 22970.0000 | 22977.7100 | 22975.0200 | 22977.5200 | -3.2400 | 00:19 |
| USD/CNY | 6.4571 | 6.4591 | 6.4899 | 6.4573 | 6.4893 | -0.0327 | 05:20 |
| USD/KWD | 0.3000 | 0.3010 | 0.3004 | 0.3001 | 0.3004 | -0.0003 | 05:05 |
| GBP/USD |  1.3956 | 1.3956 | 1.3970 | 1.3893 | 1.3894 | 0.0060 | 05:22 |
| USD/IRR | 42000.0000 | 42210.0000 | 42097.5000 | 42097.5000 | 42097.5000 | 0.0000 | 00:00 |
| USD/IDR | 14474.0000 | 14474.0000 | 14490.0000 | 14448.0000 | 14448.0000 | 26.0000 | 05:21 |
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- Iraqi Articles:
Al-Kazemi leaves Washington and confirms that no combat forces will remain in Iraq
Prime Minister Mustafa Al-Kazemi left today, Thursday, from the American capital, Washington, announcing the agreement that there would be no combat forces in Iraq by the end of this year.
Al-Kazemi said in a tweet to him on Twitter, which was reviewed by Mawazine News, that "we left Washington for our beloved Baghdad after a successful visit, economic, political and cultural understandings, and an agreement to transfer the security relationship to training and advice, and the absence of combat forces by the end of the year."
"We look forward to strengthening social and political solidarity to serve our people, and we hope for continuous communication to devote the values of cooperation and dialogue,"
Al-Maliki: The elections will take place on time..the positions of the rejectionist forces should not be imposed on the participating majority
it's a tweet that he tweeted
The elections will be held on their scheduled date on 10/10, and the position of the forces that announced their non-participation is respected, but it is their own position and may not be imposed on the opinion of the majority interacting with the early elections and on the specified date.
#Early_elections are a reference and popular demand, and the government must create security conditions for their success.
Al-Kazemi meets the leader of the Democratic majority in the Senate
Prime Minister Mustafa Al-Kadhimi discussed with the leaders of the Democratic majority and the Republican minority in the US Senate the challenges facing Iraq.
And the Prime Minister's Media Office stated in a statement received by Mawazine News, that "Prime Minister Mustafa Al-Kazemi met in Washington, the majority leader of the Democratic Party in the US Senate, Chuck Schumer, the leader of the Republican minority, Mitch McConnell, and a number of senators from both parties. Republican and Democrat.
He added, "During the meeting, they discussed bilateral relations between the two countries, ways to strengthen them, and stressing Iraq's growing role in the region and in achieving stability. The meeting also discussed the challenges facing Iraq in the security and economic aspects, and confronting the Corona pandemic. The Iraqi government with regard to the reforms it has initiated, through the reform white paper, and the overall situation in Iraq.
He noted that "the members of the US Senate welcomed the Prime Minister and his accompanying delegation, and stressed that the United States seeks to strengthen its relations with Iraq in various fields and levels."
CBI Update: Just a note:
The Central Bank of Iraq and Renewable Energy Initiative
including $39,150,000. CASH
ISX Update: Shares Traded: not updated for todayValue Traded: not updated for today
7-28-2021 Intel Guru Frank26 If Iraq wants to join the WTO they can't say to the WTO, 'Can we join?' No, every country on this planet Earth that joins the WTO needs a sponsorship. They need a sponsor. Who is the sponsor for Iraq to join the WTO right now? ...the main sponsor is the United States of America...Kazemi and the governor of the CBI are still following the protocol that Donald Trump left for the Middle East...IMO a sponsoring country would be a perfect candidate to be 1 to 1 with...
7-28-2021 Intel Guru MarkZ [via PDK] [... Friday looks good…what say you?] Friday does look good….today looks good. But based on what I hear from group leaders-later on this week looks good.
7-28-2021 Newshound Guru Pimpy ...In 2017 what did they [United Council] say? Iraq has...done nothing to lose the value of their currency. It should be reinstated at $3.22...If they indeed used the revenue from oil to destroy 70% of the currency that was in circulation...is it low enough where they can now reinstate once they get their money, their sovereignty, once their debts are paid? Is it possible? Again...the United Council said what? They've done noting to lose the value of their currency. There's no reason for it not to be reinstated at $3.22...Is it possible they're going to give them their funds back? Is it possible there's enough in there to cover the $3.22 rate? [post 3 of 3]
7-28-2021 Newshound Guru Pimpy I can't help but smile because IMO what I think is going to happen once the troops leave Iraq is gaining their sovereignty, they pay their remaining debt off - they have the money to do it quickly with Kuwait and this other company then they should be debt free. Then we give them their funds back. If they get their funds back...does that mean they should reinstate the rate the United Council was talking about which is $3.22? [post 2 of 3....stay tuned]
7-28-2021 Newshound Guru Pimpy Article: "Iraq's foreign money between the anvil of creditors and the hammer of protecting the US Federal Bank". There are a handful of articles that keep talking about this...we have been holding on to some money for Iraq for a long time. There have been a lot of creditors trying to get in there but there was an agreement...the United States told everybody else hands off period. Nobody could come after this money. All debt is considered settled once they pay these things off. Why do they keep talking about that? [post 1 of 3....stay tuned]
7-28-2021 Intel Guru Holly Wednesday Rv News: Where are we today: ...The projected timing is between now and the end of the month...
7-28-2021 Newshound/Intel Guru Mnt Goat ...Kazemi is not going to Washington DC for the RV. ...The RV is between the CBI and the IMF. If anything related, he will go ask for relief from OFAC sanctions that the CBI needs lifted in order to reinstate the dinar, thus then they can start the process of deleting the zeros which we know leads to the reinstatement and thus us going to the bank
‘Unprecedented’ restitution: US returns antiquities to Iraq
The 17,000 items date back 4,000 years and will be flown back to Iraq with Prime Minister Mustafa al-Kadhimi.
Wednesday’s announcement came days after Iraqi Prime Minister Mustafa al-Kadhimi met with US President Joe Biden in Washington, DC.
Al-Kadhimi was set to take back the artefacts from ancient Mesopotamia on his aircraft when he returns to the country on Thursday, Iraqi Culture Minister Hassan Nazim said.
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