“IQD Prepares to Float” – Sun. PM KTFA Thoughts, News w/ Frank26 9-18-22



Frank26 » September 18th, 2022


The launch of the activities of the first Sulaimaniyah Forum for Investment and Economy

17th September, 2022

The activities of the first investment and economic forum were launched in Sulaymaniyah, on Saturday, to promote investment projects and attract investors to the province.

Shafaq News Agency correspondent said that the forum was launched in the presence of the Deputy Prime Minister of Kurdistan Regional Government, Qubad Talabani, and a number of government officials and foreign consulates in the region.

An official of the Sulaymaniyah Chamber of Commerce and Industry, Sirwan Muhammad, told Shafaq News Agency, “The aim of holding this forum is to further promote investment projects and build relations between the government and investment.”

He added that “the forum was organized by the Better Investment Institute in cooperation with the local government in the Sulaymaniyah Governorate and the Sulaymaniyah Chamber of Commerce,” noting that “the conference was attended by more than 1,000 local and foreign investors and will discuss obstacles to investment in Sulaymaniyah and the Kurdistan Region and ways to overcome them, and will discuss the position of the regional government on overcoming them. those problems.”

He pointed out that “the situation in Iraq is not conducive to investment due to the instability of the political and economic conditions, but the situation here in Sulaymaniyah and the rest of the region’s governorates is completely different. That is why we will work to encourage local and foreign investors to invest, which proves that Kurdistan and Sulaymaniyah are a conducive environment for investment.”

Muhammad said, “In another aspect of the conference, it will be devoted to bringing together the government and investors to discuss investment development and strengthening the economy of the Kurdistan Region.”  LINK


Economist for / NINA /: The Central Bank of Iraq has three reserves to serve the requirements of monetary stability and development

Saturday 17 September 2022 

The economic expert, Jalil Al-Lami, confirmed that the Central Bank of Iraq has three reserves to serve the requirements of monetary stability and development.

He told the National Iraqi News Agency ( NINA ) that the central bank is responsible for managing the country’s foreign cash reserves, as the central bank, within the framework of this task, influences the credit by controlling the movement of capital inflows and abroad and providing foreign exchange to serve the requirements of monetary stability and economic development.

Al-Lami added: This reserve consists of: Foreign exchange papers: represented in current and fixed deposits in the main international currencies and government bonds held by the resident country in foreign currencies for the benefit of the country over other countries. Which is estimated at more than (85) billion dollars. Gold: It is the state’s reserve, which is in the form of bullion or coins in the vaults of the International Monetary Fund.

He explained: As for the third reserve, it is the special drawing rights: it is the new reserve and it is used to meet the deficit in the country’s traditional reserves and drawing rights are granted to each of the member states of the International Monetary Fund. So that the country’s share is proportional to the size of that country in the International Monetary Fund.

Al-Lami continued: These rights are used to settle payments between member countries of the International Monetary Fund. Therefore, central banks, including Iraq, seek to buy quantities of gold from time to time. The most recent of which is Iraq’s purchase of a new amount of gold, amounting to approximately (34) tons, bringing Iraq’s balance to (134,4) and thus achieving an increase rate of (35%) on the Iraqi stockpile, which made its classification become the fourth Arab and thirty-three globally. This increase is within the framework of a strategy The Central Bank to manage its assets in order to achieve the highest levels of stability and the ability to face local and international economic changes.

The Gold Promise: One of the most important assets held by central banks and international financial institutions. A haven from in conditions of uncertainty. Because of its acceptance at the international level.

The Central Bank had announced a rise in foreign reserves to more than (85) billion US dollars.

And the bank indicated in a statement that its foreign reserves amounted to more than (85) billion US dollars, which is the highest level achieved by the Central Bank since 2003.

He continued that gold reserves also exceeded (130.4) tons, worth (7) billion dollars, bringing Iraq to 30th place globally and 4th in the Arab world.  LINK


Samson » September 18th, 2022

Barzani visits London to attend Queen Elizabeth II’s funeral

09/18/2022 14:43:31

The President of the Kurdistan Region, Nechirvan Barzani, will visit the capital, London, today, Sunday, in response to an official invitation from the British government to participate in the farewell ceremony for Queen Elizabeth II.

A statement issued by the Presidency of the Territory stated that during this visit, Barzani will participate, along with leaders and leaders of world countries, in the farewell ceremony of the late Queen of the United Kingdom.

The statement added that the president of the region will attend seminars and meetings that will be held over the two days designated for these official ceremonies.  LINK

Al-Kazemi carries 5 “announced” files to New York, and “Al-Ghad Press” looks at the sixth

18th September, 2022

Two Cabinet officials revealed the agenda of Prime Minister Mustafa Al-Kazemi’s visit to the United States scheduled for the end of this month, while “Al-Ghad Press” learned about the “most prominent” file that Al-Kazemi will carry there

The two officials said that “Al-Kazemi will head a high-ranking ministerial delegation to New York, to participate in the meetings of the United Nations General Assembly at the end of this month, where he will also hold meetings with a number of world leaders, to discuss many political, security and economic files, according to the newspaper, “Al-Araby Al-Jadeed

And the two officials indicated that “the political crisis in the country will top Al-Kazemi’s discussions with world leaders, led by US President Joe Biden, in addition to the file of the war on ISIS, the American presence in Iraq, and the work of the NATO military mission within the program to develop Iraq’s military capabilities, which began the mission last year

One of the officials confirmed that Al-Kazemi “will also present Iraq’s role in mediating between the Iranians and the Saudis,” while the other indicated that “Al-Kazemi will discuss the current political crisis in Iraq, after armed confrontations in the Green Zone and international concern about the possibility of its recurrence again

In this context, an official source revealed to “Al-Ghad Press”, “the most important file for Al-Kazemi during his upcoming visit to the United States,” noting that the caretaker prime minister “will present himself as a mediator to end the political rift, and make pledges not to repeat the events of Al-Khadra, in exchange for returning assigned to head the government

It is worth noting that Al-Kazemi will replace the President of the Republic, Barham Salih, at the meetings of the United Nations General Assembly at the end of this month, without one of them providing an explanation for the reason for the “replacement  LINK

Al-Kazemi will fly to America tomorrow

18th September, 2022

An informed government source said that Iraqi Prime Minister Mustafa Al-Kazemi will travel to the United States of America tomorrow, Monday.

The source told Shafaq News Agency, that Al-Kazemi will travel tomorrow, Monday, to the American city of New York, in order to participate in the meeting of the United Nations General Assembly. 

He explained that during this visit, Al-Kazemi will hold meetings with a number of world leaders, led by US President Joe Biden. 

On the sixth of this September, an informed government source revealed that Al-Kazemi will go to America “soon” in order to participate in the meetings of the United Nations General Assembly, as an alternative to the President of the Republic, Barham Salih.

And about the reason for Al-Kazemi’s departure instead of Saleh, the source said that to discuss political developments and repercussions on the security and economic level, and the opinion of the international community on this crisis, especially that Al-Kazemi will meet with senior officials in the world.  LINK

With a political agreement, Al-Kazemi is close to staying at the head of the government

18th September, 2022

An official source revealed, today, Sunday, a close agreement to keep Prime Minister Mustafa Al-Kazemi as prime minister until early parliamentary elections are held.

The source said in an interview with “Mawazine News” that “political forces, including the Sadrist movement and Sunni forces, are close to reaching an agreement to keep Al-Kazemi as prime minister.”

He added, “The Kurdish and Sunni parties, the Sadrist movement, and some framework forces, with Al-Kazemi staying, until early elections are held, provided that the election law be amended and the commission changed.”  LINK

YoungSC » September 18th, 2022

As Frank had always stated, Kezemi is not going anywhere

Source: Dinar Recaps


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