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Sunday, January 22, 2017

KTFA UPDATE, 22 JAN

KTFA:

Don961:  IMO ... would think Prez Trump's talk of eliminating Daesh in his 1st 100 days .... would add some extra confidence to the S & S of Iraq

Frank26:  Oh #$@%! YES !!!
MONDAY CC .......... Is Tomorrow........... BE THERE !!! !!! !!! .......... Shock and Awe.
Upstart:  If the CBI website (arabic side ) is still not showing a rate, how long can that continue ?  I am wondering what requirements, if any, there are for reporting the exchange rates at a given interval ?

Frank26:  Yes .............. It's called an RV............... Please Enjoy.
....
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Don961:  Iraqi dinar in the tail of the strongest Arab currency arrangement

Class US site of the Iraqi currency [dinar] at the bottom of the strongest Arab currency arrangement.

According to the order published on [howmuch.net] the US, the GCC currencies were among the strongest Arab currencies, are bottom , including Iraq, Lebanon and the countries of the list.

And I occupied the Kuwaiti dinar, ranking first, followed by Oman, and then Bahrain, Jordan, Libya, Tunisia, Qatar, UAE, Saudi Arabia, Egypt, Sudan, Morocco, Algeria, Djibouti, Syria, Yemen, Mauritania, Comoros, Somalia, and then Iraq and Lebanon.

http://www.ikhnews.com/index.php?page=article&id=151657

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Iraqi dinar in the tail of the strongest Arab currency arrangement

History of edits:: 01/22/2017 9:06 • 154 visits readable

http://www.alliraqnews.com/modules/news/article.php?storyid=57024

Evenstar: So iraq's Dinar is rated second to last in the Arab world....wonder if that annoys its people?  Wonder if they are going to change that soon???   Sure hope so!

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Walkingstick:   Iraq will hold meetings with the International Monetary Fund to follow Alantmaia readiness program

Sunday January 22, 2017

Iraqi side held affiliate program ready Alantmaia meetings with the International Monetary Fund for the period 15-19 / 1/2017 in Baku
,
 Azerbaijan, in order to prepare for the meetings of the second review of the program which will be held in March next month

The meeting was attended by Dr. Fadhil Nabi Othman, Deputy Minister of Finance and the Governor of the Iraqi Central Bank and the President of the Federal Office of Financial Supervision and Mr. financial advisor to Mr. Prime Minister and experts in finance, planning and oil ministries and the Central Bank of Iraq and the Kurdistan region

Has been discussing the level of implementation of the general budget for 2016, as well as discuss the extent to which the general budget for 2017 with Alantmaia readiness program to the mechanics of financing the budget deficit in 2017, and expressed head of the IMF mission satisfaction with the efforts made by the Ministry of Finance and the Central Bank of Iraq and other ministries in the area to meet the requirements program and it's going according to timings marked in the program

It is noteworthy that our ministry has successfully completed the first review in the month of January 2016 and was based upon the launch of the second tranche of $ 633 million and is expected to launch the third tranche after the completion of the third review of the program successfully in next April

http://www.mof.gov.iq/Pages/MOFBannerHeadlineDetail.aspx?BannerNewsID=178#

BenBlessed1:  this meeting appears to be FINISHED as it seems to have BEEN held from January 15-19th--Interesting- so any comments?

Upstart:  Yes, it's the meeting which resulted in the IMF issuing their END OF MISSION statement

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Walkingstick:   Statement by an IMF Mission on Iraq

January 19, 2017

End-of-Mission press releases include statements of IMF staff teams that convey preliminary findings after a visit to a country. The views expressed in this statement are those of the IMF staff and do not necessarily represent the views of the IMF’s Executive Board. This mission will not result in a Board discussion.

The Iraqi authorities and the staff of the International Monetary Fund (IMF) held discussions in Baku, Azerbaijan from January 15–19, 2017 ahead of the second review of Iraq’s 36-month Stand-By Arrangement (SBA) that the IMF Executive Board approved on July 7, 2016 ( See Press Release No. 16/321). The first review under the SBA was completed on December 5, 2016 (See Press Release No. 16/540).

Mr. Christian Josz, Mission Chief for Iraq, issued the following statement:

“The Iraqi authorities have made good progress on implementing economic reforms under the SBA.

“The Iraqi authorities and IMF staff will hold discussions on the second review of the SBA in March 2017.

“During the discussions, the team met with Acting Governor of the Central Bank of Iraq (CBI), Dr. Ali Mohsen Ismail Al-Allaq, Deputy Finance Minister, Dr. Fadhil Nabee Othman, the Financial Adviser to the Prime Minister Dr. Mudher Saleh, and officials from the ministry of finance, the CBI, the ministry of planning, the ministry of oil, the State Oil Marketing Organization, the Central Statistical Office and representatives from the Kurdistan Regional Government. The team would like to thank the Iraqi authorities for their cooperation and the open and productive discussions.”

http://www.imf.org/en/News/Articles/2017/01/19/mcs01192017-Statement-by-an-IMF-Mission-on-Iraq

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