RV UPDATE BY REINALDO JC , 28 JULY

 REINALDO JC

Iraq The Ministerial Council Calls For Granting National Products A PRICE ADVANTAGE OF UP TO 20% OVER Imported Products. The ministerial Council for Economy called, on Monday, to grant national products a PREFERENTIAL PRICE ADVANTAGE OVER their imported counterparts, BY NO LESS THAN 20% of the imported price, in order to encourage production entities.  He pointed out that "the session was attended by the Deputy Prime Minister, Minister of Planning, Ministers of Finance, Agriculture, Trade and Industry, Labor and Social Affairs, Secretary-General of the Council of Ministers, Chairman of the National Investment Commission, Chairman of the Securities Commission, Undersecretary of the Ministry of Oil, and Advisor to the Prime Minister for Legal Affairs," indicating that "the Council discussed the items on its agenda and took appropriate decisions."  He pointed out that "the Council recommended to the Cabinet to approve the resumption of the principle of granting national products a PREFERENTIAL PRICE ADVANTAGE OVER their imported counterparts, in order to encourage entities to cover their needs from local production at NO LESS THAN 20% of the imported price." (IMO)-Can they also be telling us that the CBI will be adding a 20%(+) inflation increase rate to the previous $3.22 Iraq dinar rate, & REINSTATING the Dinar Rate to $3.86 (+)