“It is Expected this Week” – Wed. AM TNT Thoughts/News 5-19-21

707

TNT

Tp40:
It’s too bad Vietnam isn’t in charge of the RV . They appear to have some intelligence unlike Iraq..

CharlieOK:
Tp40: What you said is one of several reasons I don’t believe Iraq is not and never will be a lynch pin for the gcr. Iraq wakes up in a different world every day. Let them work out their own RV. When they are ready, get er done. In the meantime, why not let VN revalue their own currency and not be dependent on stone age Iraq…. Should have said VN and the other countries in the gcr basket.

SusanaC:
it is expected this week …dong is at 92 cents back screen so I understand…confirmed by ray 80 cents as of Saturday

CharlieOK:
Tony has told us numerous times that Iraq’s involvement with revaluing their currency was a way to help the USA pay for the Gulf War. End of story. It is a relationship between the US, Iraq and China. Years have flown by and in my opinion, the world is not going to put up with waiting on Iraq much longer.

Tishwash:
Iraq is down 32 places in the list of the world’s richest countries

The “Global Finance” magazine, which is specialized in classifying the countries of the world, revealed that Iraq ranked 115th in the list of the richest countries in the world for the year 2021, retreating 32 places from 2020.

According to the statistics published by the magazine, “Iraq ranked 115 out of 194 countries listed in the table in terms of per capita gross domestic product according to purchasing power parity, with a share of $ 10.003, down 32 places from 2020, which was ranked 83.”

She added, “Some very small and very rich countries, such as Luxembourg, Singapore and Hong Kong, have benefited from the existence of advanced financial sectors and tax systems in them that help attract foreign investment and professional talent, while other countries such as Qatar and Brunei have large reserves of hydrocarbons or other generating natural resources.” For profits. “

Globally, Luxembourg came first as the richest country, followed by Singapore, Ireland, third, Qatar, then Switzerland, followed by Norway, sixth, then America, Brunei, eighth, Hong Kong, ninth, and Denmark, tenth.

The Arabs came Qatar ranked first and fourth globally , followed by the UAE and Bahrain Third, Saudi Arabia is fourth, Kuwait fifth and then Oman Sixth Egypt Seventh Lebanon Eighth came and then Algeria came ninth place and Jordan Tenth and Tunisia ranked 11 and Iraq ranked 12. “

And was based on classification of the magazine to the latest figures And the data issued by the International Monetary Fund for the month of April, which calculates the gross domestic product according to purchasing power parity at current dollar prices   link

Decline in US oil prices, fears of rising inflation

 Oil prices fell for the second consecutive session, today, Wednesday, due to renewed demand concerns with the rise in cases of Coronavirus in Asia and fears of high inflation, which may push the US Federal Reserve to raise interest rates, which may limit economic growth.

Brent crude futures were down 73 cents, or 1.1 percent, to $ 67.98 a barrel by 0452 GMT. It had fallen 1.1 percent at the settlement on Tuesday, after rising for a short period of more than $ 70 earlier in the session.

U.S. West Texas Intermediate crude futures fell 77 cents, or 1.2 percent, to $ 64.72 a barrel, after losing 1.2 percent yesterday.

The rise in Brent crude to $ 70 was driven by optimism about the resumption of economic activities in the United States and Europe, two of the world’s largest oil consumers. But it later softened amid fears of slowing fuel demand in Asia as COVID-19 cases soared in India, Taiwan, Vietnam and Thailand, prompting a new wave of restrictions on movement   link

Parliamentary proposal to provide services to citizens

The Parliamentary Services Committee presented, on Wednesday, a proposal to provide services to citizens, while calling for the involvement of the private sector in cleaning service.

The head of the committee, Walid al-Sahlani, said, according to the official agency, that “the work of the municipalities is sometimes not at the level of ambition, and that there is a weakness in the supervisory performance of the deputy directors of the municipalities.”

He added, “There are problems and poor services in the municipality’s departments, although most municipalities operate with self-financing and have sufficient financial and collection capabilities,” indicating, “I spoke with the former and current mayor of Baghdad about the issue of collection, as it is considered an essential resource for the Baghdad municipality.”

Sahlani stressed that “the municipality of Mansour and the municipality of Adhamiya possesses a lot of money and has sufficient funding, but the streets in these two areas suffer from loosening,” pointing out that “the citizen represents about 80 percent of the service work in residential areas.”

He continued, “During my visit to one of Baghdad’s regions, I learned that the people of the area had volunteered a campaign, during which they placed lighting in electricity poles, in addition to painting the streets.”

Sahlani stressed, “It is imperative to find companies capable of providing services with the participation of the state,” pointing out that “if the municipal departments are assigned to serve the cleaning, they must involve the private sector in a codified and organized manner.” link

Source: Dinar Recaps

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