Wednesday, November 20, 2024

Trade: The General Population Census Will Be A Starting Point For Important Economic Transformations, 20 NOV

 Trade: The General Population Census Will Be A Starting Point For Important Economic Transformations

Tuesday 19 November 2024 19:10 | Economic Number of readings: 45  Baghdad / NINA / The Ministry of Trade confirmed that the general population census is an important step in directing investments, which accelerate development steps in all regions of Iraq.

A statement by the ministry quoted the official spokesman for the ministry, Mohammed Hanoun, as saying: "The government's approach through conducting the general population census, despite the difficulties it faced, is aimed at attracting international efforts to the national labor market in a way that revives the economy, and gives those in charge of the economic file a clear vision of the economic reality by creating a database that represents a starting point for economic policies that aim to address the imbalance in the economic structure."

Hanoun pointed out that "the general population census step will accurately reflect the reality of human wealth and the percentage of young people, as they represent an important economic force that can be employed in the sectors of knowledge, investment, and various aspects of the economy that have the elements of advancement and development."

The official spokesman for the Ministry of Commerce confirmed that "the general population census is a statistical procedure that represents a database on the numbers of Iraqis and the nature of their work," noting that "it is the first of its kind in decades, as the last census was conducted in 1987."

He continued, "It is a developmental work, the aim of which is to direct the country's resources in the right direction, and it is a procedure that serves the country economically and socially, by addressing poverty and unemployment, identifying needy families, the number of workers and unemployed, and improving the economic situation in general. It is a "message of reassurance to citizens and the country alike, meaning that the country is now safe from saboteurs and terrorist acts, and in a position that allows it to carry out this major and important procedure.

" Hanoun confirmed that "the census will determine the actual number of residents inside the country, and those residing outside the country in cooperation with the Ministry of Foreign Affairs later, and non-Iraqis working and residing will be counted, which will contribute to limiting their numbers and knowing their living conditions."

He pointed out that "the census is the most important source of economic and social data for all countries of the world," indicating that "knowing the results of the census enables the formulation of general policies and the development of strategies related to investment, housing, education, health, and capital investment related to road and communications networks, and the development of public services and development programs, accompanied by enabling countries to distribute Budgets between administrative regions according to development needs.

He continued: "The census helps enable the private sector and investors to drive development, raise the level of urban planning, and support decision-makers in making decisions."

He explained: "The economic view of the population is limited to two aspects: The first is that the population is a consumer force that exerts pressure on the available economic resources, and that these pressures increase in intensity the more limited and unilateral the resources are." / End8

https://ninanews.com/Website/News/Details?key=1169924

EXCERPTS FROM MARKZ, 20 NOV

 EXCERPTS FROM MARKZ

  • MZ: I am now getting great chatter from the bond side. They are very hopeful and if they are right- by Thursday we should get an announcement. This is from some really solid contacts and I really hope they are right. 

    MZ: Some of my other top notch contacts said they have not heard that yet….so we will see. There is a lot of misinformation put out there on purpose. 

    MZ: Buckle up- we know things are close. 
    MZ: I hope we have our Christmas before Thanksgiving…..fingers crossed

FRANK26….11-19-24……NEGATIVE…….…..& LIFEVANTAGE PROMO

Foreign Minister And US Ambassador Stress Need To Continue Cooperation And Strengthen Partnership, 20 nov

 Foreign Minister And US Ambassador Stress Need To Continue Cooperation And Strengthen Partnership

Deputy Prime Minister and Minister of Foreign Affairs Fuad Hussein and US Ambassador Alina Romansky stressed the need to continue cooperation and strengthen partnership to serve common interests.

A statement from the Ministry of Foreign Affairs stated that "Deputy Prime Minister Fuad Hussein received the US Ambassador to Iraq Alina Romansky."

**************************************

The statement added that "the meeting discussed the results of the US elections and the expected new administration in Washington, in addition to reviewing the results of the Arab-Islamic Summit and the Climate Summit. The two sides also touched on the tense situation in the regional environment and current challenges."

It continued, "The two parties discussed the course of bilateral relations between the two countries during the current administration, and future expectations for these relations, while stressing the need to continue good cooperation between the two countries and strengthen the partnership to serve common interests."   https://www.radionawa.com/all-detail.aspx?jimare=40311

Evening News with MarkZ. 11/19/2024


Tuesday Evening Chat With MarkZ 

MarkZ  Update- Some highlights by PDK-Not verbatim

MarkZ Disclaimer: Please consider everything on this call as my opinion. People who take notes do not catch everything and its best to watch the video so that you get everything in context.  Be sure to consult a professional for any financial decisions

Member: GE Mark and mods. It sure feels like we are getting really close. Let's do this already

Member: Does the Iraqi census have to complete b4 RV can occur?

Member: The census starts early tomorrow in Iraq…..

MZ: “A specialist determines the importance and objectives of the census and it has nothing to do with the citizens private life” It will allow them to allocate growth , roads ect…..they shut everything down and literally go door to door and count. They are also talking about changing, moving and expanding some redemption exchange centers in Iraq. Do they need more in certain areas? I heard this from a minister as another reason why they are doing the census. 


MZ: I am now getting great chatter from the bond side. They are very hopeful and if they are right- by Thursday we should get an announcement. This is from some really solid contacts and I really hope they are right. 

MZ: Some of my other top notch contacts said they have not heard that yet….so we will see. There is a lot of misinformation put out there on purpose. 

MZ: Buckle up- we know things are close. 

Member: Mark do you think the RV will go by Thanksgiving! ??

MZ: I hope we have our Christmas before Thanksgiving…..fingers crossed

Member: Thank to all for the encouragement Enjoy the rest of your night. 

THE CONTENT IN THIS PODCAST IS FOR GENERAL & EDUCATIONAL PURPOSES ONLY&NOT INTENDED TO PROVIDE ANY PROFESSIONAL, FINANCIAL OR LEGAL ADVICE. PLEASE CONSIDER EVERYTHING DISCUSSED IN MARKZ’S OPINION ONLY

MARKZ: .."if they are right- by Thursday we should get an announcement" @DINARREVALUATION

 


The Future Of International Trade Transactions In US Dollars In Iraq, 20 nov

 The Future Of International Trade Transactions In US Dollars In Iraq

Samir Al-Nusairi  The US dollar is the first global currency for foreign trade transactions between countries of the world. It constitutes 80% of the volume of international financial transactions and represents about 60% of international reserve currencies.

The dollar is the only currency that accommodates large financial transactions in the oil and energy sector and global oil trades amounting to 100 million barrels in addition to other commodities. Other currencies constitute about (20%-25%).

************************************

The dollar plays a fundamental role in the control of the American economy over the global economy in various fields, and many countries tried to get rid of the dominance of the US dollar in previous periods, but they could not.

Therefore, the BRICS group was established, and its member states, namely China, Brazil, India and South Africa, are trying to limit the dominance of the dollar in international commercial and banking transactions, and the number of countries in it has now become about 9 countries.

After several countries joined, including Arab countries such as Egypt, the Kingdom of Saudi Arabia, and the United Arab Emirates, in addition to Ethiopia and Iran in 2024, and its main goals are to limit the dominance of the dollar in global trade, cooperation between the tax and customs authorities of the group’s countries, and to reach the creation of a new currency for use among the group’s countries.

Iraq, with the aim of reorganizing foreign trade financing, began concluding agreements with central banks with which Iraq has extensive trade exchange, in agreement with solid correspondent banks in China, India, the Emirates and Turkey, to deal in Chinese yuan, Indian rupee, Emirati dirham and Turkish lira, to achieve two goals:

 the first is to enable our banks to agree with correspondent banks in these countries and other countries to deal directly with them after canceling the electronic platform, and

the second is to introduce new foreign currencies for commercial and banking transactions other than the US dollar, to enable banks that do not have US correspondent banks to continue their foreign transfers with those alternative countries according to special agreements with their central banks.

This can help control the reduction in the widespread local demand for the US dollar, create a state of balance in the money market, and maintain the purchasing power of the local currency, the Iraqi dinar. This method is now in effect, in addition to the existence of dealings in the US dollar as well. https://economy-news.net/content.php?id=50000


Iraq Political Shock: Al-Sadr Call Sparks Fears of Power Shift Within Coordination Framework

A Najafi source: Al-Sadr's contact with Al-Zaydi constitutes a "shock" within the Coordination Framework forces, and there are...