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Thursday, August 10, 2017

PD CHAT, 10 AUGUST

Barney Fife:    PM @HaiderAlAbadi praises the development of Iraq's economy and encourages investment and diversification in his weekly press conference:

https://mobile.twitter.com/IraqiGovt/status/895272138881544192/video/1

Phantom:   RV NOW!!!!!!!!!

Beachrider:   Barney what is your take on this. I know I watched on live TV of the UN meeting and they announced Iraq being removed from Chapter 7 that day but I think this one is saying that all Chapter 7 sanctions have been lifted. What do you think?
 ...
LStar:    I can't watch videos   I have no attention span, lol    Anyone, what does it say? What does it mean?

Beachrider:    I watched a little of it but it was Arabic so I stopped it. Me no speaky Arabic.

LiveFree:   The subtitles are in English and it's only about 1 min long.

Barney Fife:    I think they're out you don't go and give them the 132 million from oil for food if they're not.   What other recourse do you have?

These Kuwait negotiations that are happening right now IMO will finalize with Iraq not owing Kuwait anymore money.      Im literally in a any moment this could happen.

LStar: Oh ya! Oh yes! I believe its now. Barney, I think today's news gave me a whole to new outlook on optimism! I am just imagining the second I see a new rate and how unbelievable its gonna feel. Wow, we've all waited so long!   

Noeta:   Remaining guarded but optimistic.  It has to happen sooner or later

http://forums2014.peoplesdinar.com/index.php?/topic/114972-abadi-pay-attention-last-part/#comment-876813

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MrsClassy:   International Monetary Fund: Iraq’s economy has declined and its reserves have fallen to 45 billion dollars  

https://search4dinar.files.wordpress.com/2017/08/cffebc5b-e134-402c-b73d-20f2a48fa11e-1261-000000b2c95cc7d2.jpg

take IMF that Iraq is currently facing a double challenge of economic compensation for material losses resulting from the war against Daesh, as well as the decline in production and oil prices.

The IMF said in a report on Wednesday that in 2016 real GDP of Iraq rose by 11 percent, as a result of a rise of 25 percent in oil production, “which was not significantly affected by the conflict with [Da’sh] at the time.”

The report added that it expects that this year’s economic activity will not see any rise due to a 1.5% decline in oil production because of Iraq’s commitment to the agreement of the oil exporting countries from [OPEC] and beyond to reduce the level of production and also because of the very modest recovery of non-oil sectors

, The decline in oil prices led to a decline in Iraq’s foreign exchange reserves from 54 billion US dollars at the end of 2015 to 45 billion at the end of 2016, saying that “the financial pressure continued as the government deficit increased to 14 percent of GDP in 2016, after 12 percent In 2015 “.

However, the outlook for medium-term growth appears to be positive due to the expected improvement in the security situation and readiness to implement several infrastructure projects, although the risks remain high due to continuing security and political tensions, the IMF said.

Kuwait has been in contact for a long time with the countries of the world, the World Bank and Iraq itself to prepare to host a conference donors for the reconstruction of liberated areas of Iraq, which may be held in the first quarter of next year. 
Futuremoney:   I don't believe it. Iraq will explode this coming year, "IF" they continue to privatize their economy as planned.

Noeta:    All we can do is wait and see.  It is Iraq and the Middle East and us Westerners just don't understand how they go about their business.  Nothing seems to move very fast and you have to watch the right hand when the left hand is doing something.

I remain confident in this investment and I'm fortunate enough to be able to wait for it and not be suffering in the meantime.

​I know many are in great need for this to happen as they are struggling to make ends meet and I emphasize with them but honestly, all we can do is wait.  Their are no other options with this investment.

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