"I SUGGESTED TO PAY ATTENTION TO THE ISX... SO DOES EGYPT. BY FRANK26, 13 AUGUST

 KTFA

FRANK26:"I SUGGESTED TO PAY ATTENTION TO THE ISX... SO DOES EGYPT.".............F26

Signing a cooperation protocol between the Iraqi and Egyptian stock exchanges...aims at this matter

8/12/2024

 

Baghdad
 

Today, Monday, the Chairman of the Board of Governors of the Iraq Stock Exchange, Thaer Adnan Hashem, signed a cooperation protocol to enhance joint work with the Egyptian Stock Exchange management.

The media office of the Iraq Stock Exchange stated in a statement received by "Al-Eqtisad News" that "the Chairman of the Board of Directors of the Egyptian Stock Exchange, Ahmed Al-Sheikh, signed a cooperation protocol between the stock exchanges of the two countries with Thaer Adnan Hashem, Chairman of the Board of Governors of the Iraq Stock Exchange (Iraqi Stock Exchange), in the presence of Faisal Al-Haimus, Chairman of the Iraqi Securities Commission, and Hiba Al-Sayrafi, Vice Chairman of the Egyptian Stock Exchange."

He added that "the protocol aims to strengthen cooperation ties and raise the level of coordination between the two parties, increase prospects for joint work and exchange of expertise and information in all aspects of investment and develop existing legislative procedures for both parties, in addition to working to increase investment awareness and attract mutual investments between the two countries and direct savings towards investment in securities, as well as support the transition to the digital economy to increase the competitive capabilities of both stock exchanges."

In turn, the Chairman of the Egyptian Stock Exchange, Ahmed El Sheikh, confirmed that "the protocol aims to develop joint cooperation between the two parties and exchange expertise and information regarding updating legislation, regulations, procedures, work programs and methodologies related to trading in securities, as well as exchanging periodic and annual bulletins issued by both stock exchanges, as well as exchanging periodic information related to companies registered and traded in the two markets."

He added: "We are working to provide the basic information that investors in both countries need to increase mutual investments in the two stock markets."

He pointed out that "the two parties will discuss mechanisms to support and diversify the financial products available to investors and increase liquidity in both markets," stressing that "the two parties will work to encourage capacity building and training between brokerage firms and companies listed on the two stock exchanges in a way that serves the achievement of the goals of spreading awareness and exchanging expertise."

He explained that "signing this protocol comes within the framework of implementing Article (58) of the Egyptian Stock Exchange's development strategy, which falls under the sixth axis related to "promoting and spreading financial culture, training and international relations." 

In this context, Faisal Al-Haimus, Chairman of the Iraqi Securities Commission, stressed that “signing this protocol represents a vital step towards deepening cooperation between the stock markets in Iraq and Egypt, which reflects our common keenness to strengthen economic relations between the two countries,” noting that “this agreement does not only aim to exchange expertise and information, but also seeks to develop the infrastructure of the financial markets in both countries by adopting the latest technologies and applying the best international practices.”

Al-Haimas added: “We realize that financial markets represent the cornerstone of developing the national economy, and therefore strengthening the partnership between the two markets will directly contribute to achieving sustainable economic growth and attracting foreign investments. We also believe that this protocol will open new horizons for cooperation in various fields, such as financial innovation and the development of new financial products, which will help enhance the competitiveness of both markets.”

Al-Haimas stressed the “commitment of the Securities Commission to provide full support for the success of this cooperation, noting that the Commission will work to provide the appropriate regulatory environment to implement the provisions of the protocol effectively,” expressing his “confidence that this cooperation will enhance the efficiency of the two markets, and increase levels of transparency and disclosure, which will enhance investor confidence and contribute to achieving the goals of joint economic development.”

For his part, Thaer Adnan Hashim, Chairman of the Board of Governors of the Iraq Stock Exchange (Iraqi Stock Exchange), stated: “The signing of this protocol, which was sponsored by the Chairman of the Securities Commission / Faisal Al-Haims, is an important step towards enhancing joint cooperation between Iraq and Egypt in the field of securities markets, as this agreement aims to exchange expertise and information between the two markets, especially with regard to updating the legislation, regulations and procedures related to securities trading.”

He explained that "this protocol is an opportunity to develop the infrastructure of financial markets, increase investment awareness, and attract mutual investments between the two countries. We will also work to support the transition to the digital economy, enhance the competitive capabilities of both stock exchanges, and encourage capacity building and training between brokerage firms and listed companies."

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LATEST FROM JEFF, 13 AUGUST

 Jeff 

 The Supreme Judicial Council has decided it's time for the current central bank governor to retire.  Remember this is his second term.  During his first term back in the year of 2018 that's when he printed the new lower smaller category denominations notes with his signature on them.  The only reason they put him back in for a second term was to commission the rate change.  Now they're saying he's going to be forced into retirement.  No retirement date has been provided.

Jeff 

 The news is now really starting to ramp up.  Critical steps are coming forward...They're going to fall into place like clockwork.  August through September is going to be the most critical period in this investment that we've ever witnessed. 

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Jeff

  Iraq just competed their 5 year development plan...That's basically the reform plan... They completed the reform plan, that's a required step for their accession to the World Trade.

Jeff   

They haven't implement their budget yet because they're waiting for the rate to change.  Everything in Iraq...the budget, the laws, the overturning the budget, everything out there is being stalled and delayed to be timed with the rate change.

 Article: "Four counties meet in Baghdad to support the development road project" 

...You have to look at their timing.  They finished the 5-year development plan around the end of July walking into the beginning of August.  Why? Timing.  They're about to revalue.  Their actions strongly suggest to me personally IMO I really feel they're going to be revaluing in August.

 https://dinarevaluation.blogspot.com/2024/08/rv-update-by-jeff-2-august.html

 

Revolutionizing Iraq's Economy: 2024 Reforms Unveiled

"JOBS ARE ABOUT TO EXPLODE IN IRAQ FOR THEIR CITIZENS!!!" BY FRANK26, 13 AUGUST

 KTFA

FRANK26: "JOBS ARE ABOUT TO EXPLODE IN IRAQ FOR THEIR CITIZENS!!!"...........F26

It will provide 5 thousand job opportunities.. 3 central markets will soon open in Baghdad

8/12/2024

 

Baghdad
 

The Ministry of Trade announced today, Monday, the imminent opening of 3 central markets in the capital, Baghdad, after their rehabilitation work reached advanced completion rates, confirming the provision of no less than 5,000 job opportunities in each central market. 

The Director General of the Central Markets Company at the Ministry, Zahra Al-Kilani, said that “the construction, electrical and mechanical works in the central Al-Amel Market and Al-Salihiya Market are nearing completion, and we are awaiting the arrival of the goods that will be displayed in these markets, followed by the opening of the central Al-Shaab Market,” stressing that “work in the central markets has reached advanced stages.”

 She added, "The company focused on rehabilitating the central markets in Baghdad Governorate as the capital, after which it will move to the governorates, including Nineveh, Kirkuk, Najaf, Diwaniyah, Maysan and Basra."

She explained that "the Iraqi constitution urged the open market, as well as the federal budget laws that were issued after that, which urged participation with the private sector, which is a global system, so the company concluded partnership contracts with companies specialized in the field of central market activity."

She pointed out that "the statistical studies and economic tables prepared by the company in cooperation with accredited consulting offices indicate that each market will accommodate no less than 5,000 job opportunities for young people, distributed among workers, administrators, and accountants, in addition to other jobs."

She pointed out that "there are marketing exhibitions in the governorates of Diyala, Muthanna and Karbala to sell electrical and electronic devices, and the payment method is in cash or in installments."

She noted that "the company's branch building in Babylon Governorate has been transformed into a free market, and is awaiting the issuance of a customs decision from the General Authority of Customs, so that the market can begin its work and enter commercial operation."

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MILITARY MOVEMENT -USA TO IRAQ- BY GINGER, 13 AUGUST

 💢PART 1/2 -- MEUSOC Unit is headed to Iraq 8.12.24. 

·2500 Marines, plus accompanying NAVY vessels. 

·Over 4500 personnel plus accompanying ships. 

·Things are getting intense. 

💢Marine Special Operations Capable.  Marine Special Forces ⬇️

Tier 2 are SEALS, (NAVY), MARSOC, (MARINES), SPECIAL FORCES (ARMY), 75TH Ranger (ARMY)

~ Ginger's Liberty Lounge

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PART 2/2 -- Military Movement -  USA to Iraq. 8.12.24 

➡️ I urge you to please pray for all our military personnel heading into harm's way. 🙏🏻🫡  

💢A Deeper Look: ➡️ Marine expeditionary unit (special operations capable) (MEU(SOC)) is a program created by the United States Marine Corps (USMC) and the United States Navy (USN) in 1985 for Marine expeditionary units (MEU).[1][2] The program enhances MEUs providing them with additional training and equipment to become certified as special operations capable with a Maritime Special Purpose Force (MSPF). The designation special operations capable is unique to the Marine Corps and means in relation to special operations. The role of a MEU(SOC) however is not equivalent to the special operations role of special operations forces. Although considered special operations capable a MEU(SOC) does not form part of the United States Special Operations Command (USSOCOM) established in 1987 or the United States Marine Forces Special Operations Command (MARSOC) later established in 2006

In 2023, the 26th MEU became the first MEU to be certified as MEU(SOC) in over a decade.[3]

The theory behind the MEU(SOC) is to provide continuous and perpetual maritime & amphibious force projection. Such units are expected to be able to respond to a variety of crises, most notably incidents that conventional units may not be able to properly handle. A MEU(SOC) is also expected to be capable of providing various forms of security or a military presence to any region worldwide, within 24–72 hours of receiving orders. Such crises may range from natural disasters to civil or national discord, or total invasion of forces into a hostile area. The term "special operations" in the Non-SOF context, therefore, refers to special taskings of limited duration in support of a combat commander.[4] These operations include:

Amphibious raids

Non-combatant evacuation operations (NEO)

Security operations

Tactical recovery of aircraft and personnel (TRAP)

Direct action

Humanitarian/civic assistance[4]

Therefore, "the primary objective of the MEU(SOC)...is to provide the theater CINC's with an effective means of dealing with the uncertainties of future threats, providing a forward deployed unit that is inherently balanced, sustainable, flexible, responsive, expandable and credible."[4]  https://en.wikipedia.org/wiki/Marine_expeditionary_unit_(special_operations_capable)

How Boosting Exports Can Strengthen a Country's Currency

"THE NEXT IMPORTANT STEP OF THE MONETARY REFORM EDUCATION TO THE IRAQI CITIZENS IS.......... 'THE FLOAT' BY FRANK26, 13 AUGUST

 KTFA

FRANK26: "THE NEXT IMPORTANT STEP OF THE MONETARY REFORM EDUCATION TO THE IRAQI CITIZENS IS.......... 'THE FLOAT' "...............F26

Government Advisor: Increased Export Capacity Boosts Currency

8/12/2024

 

 Baghdad
 

The financial advisor to the Prime Minister, Dr. Mazhar Mohammed Saleh, stated that the global currency rates are determined in two main ways: floating and fixed prices, indicating that there are many local and international factors that control the strength of the currency, such as supply and demand, interest rates, inflation, growth in the local economy, trade balance, and others.

While he pointed out that the strength of the national currency is linked to its external value, specifically the exchange rate, as the external value of money is directly linked to the stability of the current account of the balance of payments, especially in the long term.

Saleh said in an interview with “Al-Sabah” followed by “Al-Eqtisad News”, that “the stability of the external value of the currency requires a balance or surplus in the current account of the balance of payments relative to the gross domestic product, which should indicate a stable state at a minimum of no less than 4 percent annually, and that achieving this goal certainly depends on a sustainable increase in the annual growth rate of the gross domestic product, and exports exceeding imports within the country’s trade balance.”  Dr. Saleh pointed out that if “the country has the capacity to export goods and services more than it imports, this enhances the value of the national currency, especially the external value of the currency itself, (THIS IS TEACHING ABOUT THE FLOAT TO THE IRAQI CITIZENS -F26) and here the economy indicates a positive state, in addition to the availability of supporting foreign reserves that represent the main buffer against potential external factors and their effects on the overall economic situation.”

The government advisor also explained that “foreign reserves express the ability to maintain the stability of the external value of money, i.e. the stability of the exchange rate, including the strength of the commercial efficiency of reserves, which should cover the money supply in the broad sense, and more than 75 percent of that supply, noting at the same time that high sovereign and private debts can weaken the business, unless there is good financial management of debts that always leads to strengthening confidence in the national currency.”

Saleh pointed out that “the other aspect that is linked to the value and stability of the currency is the internal value of the national currency. Just as we talk about the stability of the external value of the currency, i.e. the exchange rate and its exchange power with other currencies, the internal value of the currency is the other aspect of the stability and strength of the currency. Here, the value of the national currency is directly linked to the general level of prices, i.e. the inflation index.” He explained, “If the general level of prices means the strength of goods and services expressed in money, then there is a correlation between price stability and the value of the national currency itself. This requires the availability of a wise monetary policy undertaken by central banks that makes the growth in the money supply commensurate with the growth in the gross domestic product or national income.”

The speaker noted that “the quantity theory of money is based on the principle of the neutrality of money, which holds that the cause of inflation in the long run is money itself, as growth in the money supply that is not proportional to growth in the gross domestic product leads to either inflation or contraction in the growth of the general price level. Therefore, the effect of money on the overall economy, as addressed by the quantity theory of money, means that if the amount of money in the economy increases, and there is no parallel increase in economic output, this will lead to an increase in the general price level.”

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Government Advisor: Increased Export Capacity Boosts Currency Value

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