Tuesday, September 4, 2018

Bank Indonesia to Beef Up Tools in Battle to Shield Rupiah | IQD Dinar C...


9-4-2018   Newshound Guru Walkingstick   [via sunny & Manaolana, 8-27-18]   The internet was worried about ...Parliament, which Parliament has no part in the Executive Branch, but they will be seated, and it will complete the GOI.But it is the Cabinet, and it is Abadi, as the Prime Minister, that is more important to the reinstatement, than is the Parliament membersAbadi, and his Cabinet is the Executive Branch. ...We also have CBI Board members.  ...that is, the core of the monetary reform. That is the core of the reinstatement that we all seek, because the revaluation sits there in the global theater twiddling its thumbs, waiting for it to be reinstated.

9-4-2018   Newshound Guru chattels   Article quote:  "...the determination of Saturday, September 15, a date for the election of the Speaker of the House of Representatives and his deputies."  One last post in an effort to resolve clarify the date(s) of September 15 or 17 for the reconvening of Parliament,...

9-4-2018   Newshound/Intel Guru David M. Witty   In Iraqi election news, 2 main Kurdish parties have still not joined any coalition to form new Iraqi government. They await to see if their conditions for joining will me met.  In Iraqi election news, Maliki's office denies document from Building Alliance of State of Law & Fatah coalitions nominating him to be new PM. Iraqi Parliament continues to meet today to conduct deliberations but unable to officially convene since only 85 MPs present out of 329. Unable to elect new President of Parliament.

9-4-2018   Newshound/Intel Guru Walkingstick   [via sunny & Manaolana, 8-27-18]   ...But as you know, there is a suitable environment that the FAB 4 are looking for. This was the private banks understanding that last Saturday they would reinstate.  IMO, what is happening with Iran was a blind-side to the reinstatement of last Saturday, causing Alak, and Abadi, and the FAB 4 to continue the process...They did not act upon the reinstatement...just yet. It was quite a knee-jerk, but not yet!  But IMO...due to the United States Treasury, this situation with Iran is under much better control now. ...It was a bit of a hiccup, but no longer.  [post 2 of 2]

9-4-2018   Newshound/Intel Guru Walkingstick   [via sunny, from 8-27-18]   The United States Treasury, is now ready to sanction not just Iran, but also Iraq. There are 6-8 Iraqi banks under suspicion of funneling money through the auctions to Iran...So these banks that are under suspicion of funneling money through the auctions, they are being dealt with right now by the United States Treasury. You must suspend the auctions.  ...The talk within the circle, of not only the CBI of Iraq, and all the private banks is that, and not only the talk, but their understanding within the CBI, and within the banks in Iraq, they will be getting an official nod of when to prepare for the reinstatement... 

Famed investor: Invest in Zimbabwe | IQD Dinar Currency Exchange RV


Iran’s GDP has everything to do with what’s going on with Iraq.  Iran’s GDP is 439 Billion…There are 14 states in this country that have a larger GDP than the country of Iran…and now it’s tanking…Iran is looking at Iraq as a source of dollars…now this isn’t going to stop the revaluation of the Iraqi dinar.  If anything, it will push it forward. Article “Iraqi official have revealed that Iran is pursuing a new strategy to supply the US dollar needs by working to reduce the Iraqi dinar exchange rate.  Iran faces major difficulties in obtaining the dollar”… [If] You get out of the US dollar, you’re in trouble. [if] You also get out of the US banking system and you’re in Venezuela mode…

“...The Iranian strategy is to inject a large counterfeit Iraqi currency into Iraqi markets…”…So what are they doing?  They are trying to shake the confidence of the Iraqi dinar so the locals in Iraq will use more US dollars so Iran can use that backdoor market …So that’s Iran’s access to US dollars.  “If Iraqi can’t cope with the smuggling of fake Iraqi dinars into it’s territory this strategy will force the CBI to pump double amounts of dollars into the country’s markets to preserve the value of the local currency…” there’s another way to counter that. And that’s to add value to the Iraqi dinar…if people are using the Iraqi dinar you don’t need to change the liquidity of the dollar in the economy do you?…the only way to protect the Iraqi dinar is to add value to it……this is going to happen.  This is going to revalue. You just need to be prepared…


Netglobal:  Maybe the CBI will step up and just do it without the PM.

RVAlready:  Yes. We do not need parliament for the RV at all

Alf:  I would like to know why the cbi or abadi are afraid of …to not call for the rv.

Pearle:  If we don’t need parliament, what are they waiting for. They need parliament for the president and pm ?

Motherof5:  It's my understanding they have 30 days to elect everyone including the President and then after the President is elected they have 15 days to name the Prime Minister.

FullSail:   I am very optimistic for a couple of reasons.... they specialize in distractions, deceptions, and delays its there way of playing global poker.... they will say one thing and DO another... With global countries & corporations already vested I am sure if iraq wants to keep them happy they wont postpone much longer... When everyone is watching
CharlieOK:  RAY'S update yesterday says that the CBI believes there is Financial Stability in Iraq. That being the case, when you consider that Sadr and Abadi have formed the largest bloc - I tendd to believe that some of the articles communnicating discord and that they can't even elect a Speaker, is Fake News.

Eccle519: We've all heard and pretty much know that Abadi needs to be Officially announced!! That's what the Treasury, IMF and CBI will base the Ri on plus Iraqi banks being rounded up for corruption/auctions etc. You can do the Groundhog day thing with the same questions everyday and get the same non-answer but it is reqally almost here

RVAlready:   Abadi's government runs the show till replaced. And, CBI knows parliament is totally unnecessary for an RV. I think it is RV now, parliament later.

764764: Doesn't the HCL go into effect tomorrow? thought I read that somewhere.

KajunRedBull:  Bingo 74767!  For the HCL to be enabled and the Kurds given payment "As promised" on the 5th, there needs to be an RV because otherwise they won't have the money to do so!

KMAN:  I guess the world doesn't really need the GCR that badly, because it makes no sense that Iraq can hold the entire world back from this happening by dragging there feet….I doubt we'll ever know who really is slowing the process down. It sounds like Iraq has it's strings pulled by others, like the U.S. so while JMHO, the probelm is and always was the U.S. and it's banking interests. BBL.

Briona:  I am waiting for Rod Serling to make an appearance and say "You're traveling through another dimension, a dimension not only of sight and sound but of mind. That's the signpost up ahead - your next stop, the Twilight Zone! "

Harambe:  Reuters: Deadlocked Iraqi lawmakers put off next meeting until Sept. 15 https://reut.rs/2NgFyvt

Harambe:  Reuters: Protester killed in Basra (Iraq) during clashes with security forces (9/4/18) https://reut.rs/2wDycc0 BASRA, Iraq (Reuters) - Hundreds of people gathered near a provincial government building in Iraq’s southern oil hub Basra on Tuesday to mourn the death of a protester in clashes with security forces on Monday night.

Harambe:  CNBC: Oil prices jump as Gulf of Mexico rigs evacuated, Tropical Storm​ Gordon approaches https://www.cnbc.com/2018/09/04/oil-markets-us-china-trade-storm-gordo​n-iran-imports-in-focus.html

Harambe:  Bloomberg: Bank Indonesia to Beef Up Tools in Battle to Shield Rupiah ​ https://www.bloomberg.com/news/articles/2018-09-03/bank-indonesia-set-​to-beef-up-tools-in-battle-to-shield-rupiah


BGG News Highlights & Comments​ 9-3-18

BGG ~ Wow – I was suspicious this might happen. While Barzani was crowing about being closer to Maliki, Sadr and Abadi did it without them. 177 deputies and no mention of the Kurds.

(More BGG comments on next page)

Baghdad, al Sadr populists and premier Abadi allies form new government

Sixteen movements and political parties reached an agreement for the birth of the most important parliamentary block. 

The list can count on 177 seats (out of a total of 329). Today inaugural session of the Chamber, called to elect the next Speaker of Parliament. Within 30 days the Head of State.

Baghdad (AsiaNews / Agencies) – Sixteen Iraqi political movements and parties, including the populist list of radical Shiite leader Moqtada al-Sadr – winner of last May’s election – and the faction of outgoing prime minister Haider al-Abadi, will give life to the most important parliamentary block.

The agreement, reached late yesterday evening, will guarantee its signatories the possibility to start work on the formation of the new government.

A close associate of Abadi explained that the block includes 177 deputies elected to the May legislatures.

More than half of the 329 seats of which Parliament is formed and which represents a solid basis in the classroom for the future executive.

This morning the inaugural session of the new Parliament is scheduled, during which the president will be elected (a Sunni, by tradition).

This will be joined by two other deputies. 

The deputies then have 30 days to choose the future president of the Republic, in this case a Kurd according to the recent history of the country. He will have to get two thirds of the parliamentary seats and, once elected, will have 15 days to entrust the task to the largest block – in this case Sadr and Abadi – for the formation of the government.

The Kurdish parties, divided within them, have yet to formalize the names of the candidates for president, the most important in the country although it plays a largely symbolic role.

At the same time, the outgoing premier Haider al-Abadi. supported by the West and having reached third place in the last elections with its 42 seats, will almost certainly maintain his position as head of government.

Analysts and experts recall that the Iraqi political system is designed so that no one, leader or political group, can dominate parliament; the goal is to prevent the return of a dictator or strongman, after the fall of Saddam Hussein in 2003.

The start of parliamentary work and the birth of a block that has the numbers to form the new government ends months of doubts and uncertainties related to allegations of fraud that emerged following the vote.

The country can therefore put behind itself a long period of political stalemate and face the many unresolved challenges: the war against the jihadists of the Islamic State (IS, ex Isis), the economic crisis, unemployment, corruption, the return of migrants and displaced, even Christians.


​BGG ~ Wow – I was suspicious this might happen. While Barzani was crowing about being closer to Maliki, Sadr and Abadi did it without them. 177 deputies and no mention of the Kurds.

Now, something to watch is these upcoming KRG (regional) elections in September, not that it means much (or anything) to the currency investment…

…but as I postulated on the recent call – a misstep like this on Barzani’s part could spell trouble for he and his party in the upcoming regional elections.

He’s had a couple of monster political fumbles. This is a biggie.

The Kurds should have signed quickly. Instead they tried to be the “king makers” (like they were last time) and it blew up in their faces.

BTW – the electoral possibility was always there for it to work out like this (as I explained). However improbable, it was not an impossible scenario. 

The math was there – but WHOA. Big statement by Iraq.

These smaller parties realized, if they didn’t get in quick, they would be the ones left scratching for crumbs. As it turns out, they have put themselves in a much better position for the future.

Restored Republic via a GCR: Update as of Sept. 4, 2018

Compiled 4 Sept. 12:01 am EST by Judy Byington

The below is a summary of information from the Internet. It would be up to the individual reader to do their own research and decide whether or not it is valid. Patience is a Virtue. Having Virtue is a sign of a good moral being. Good moral beings have the power to overcome evil and change the world.

A. Sept. 3 2018 7:55 pm EST Big Boom Tomorrow Sept. 4, Q: "Q: Big Boom Tomorrow" by Sierra (NZ) - 9.3.18

1. Q post #2066: https://qanon.app/
'Both [C-3]h[A-5]mbers (House/Senate) in [S-6]ESSION tomorrow.
Where once there was [D-1]ARK
Th[E-2]re is now [L-4]IGHT.'
Spells out in code that President Trump would be declassifying documents tomorrow Sept. 4 while the House and Senate are both in session. When you put the capital letters in number order from 1 - 6, it spells DECLAS. BOOM!

2. An Anon says, 'It is right before the "60 Day Rule". It is a practice that no criminal charges be presented within 60 days of an election to avoid a police state tyranny.'

3. Q post #2068 is a brilliant Q proof - one of the best yet...
(Link to news article with headline: 'Syria Blasts At Mezzeh Military Airport "Not Israeli Strikes")
Magic Sword.'

Q is telling us that the 'Magic Sword' Special Operation was an air strike on Syria to destroy a Cabal ammunition site.

4. We are still only in the first week of September and so much is happening. For the sake of public safety, most of the action is happening behind the scenes.

5. Q is keeping us informed in code for those with ears to hear and eyes to see. We must be prepared to calm the people when the tsunami of Truth breaks over humanity - starting TOMORROW Sept. 4.


B. Sept. 3 2018 12:48 pm EST Intel Alert: Operation Disclosure: GCR/RV Intel Alert for September 3, 2018 Operation Disclosure

(Disclaimer: The following is an overview of the current situation based on intelligence leaks received from several sources which may or may not accurate. Other confirmed sources may also be included in this overview.)

1. Alliance assets are on the move: Q Post 2064 (Note: Photo of a SEAL Team 6 mission.) CIA field agents are clueless as to what happened to the satellite and communication networks. The entire CIA is in disarray. All of their field agents are terrified of what might be coming at them.

2. According to sources, Trump may bring partial 9/11 disclosure this month.

3. It has been 17 years since the 9/11 attacks. 'No Name' John McCain "passed" 17 days before the anniversary of 9/11.There are no such thing as coincidences.

4. Russia and China will be hosting a massive military exercise of 300,000 troops, 36,000 pieces of equipment, 1,000 aircraft, and both Northern and Pacific Naval Fleets. This is a show of force to the Cabal from BRICS.


5. Alliance special operations (composed of U.S. Special Forces and Russian GRU Spetsnaz) are occurring worldwide, seizing and eliminating all Cabal assets.

6. The transition to the new quantum financial system (QFS) is occurring and cannot be stopped.

7. The RV is next on the list of "final blows" to the Cabal.

8. The RV is a part of the the entire take down process. Not only will the RV jump-start the QFS but also unleash an army of humanitarians.

9. The AoP will release the RV once the word is given from Alliance Operations Center of Command.
C. Sept. 3 2018 Financial Reset, Fulford: "Trump will Stage Financial Reset" - Fulford Report (Excerpt) - 9.3.18 https://benjaminfulford.net/ Benjamin FulfordWhite Dragon Society

1. The deadlock has ended in the undeclared U.S. civil war that lasted all summer, and the good guys have already begun a series of stunning moves against the cabal, including shooting down their secret satellites, multiple sources confirm.

2. The satellite shoot-down was first reported by the mysterious blogger “Q” and has been independently confirmed by three separate sources. “On August 30, CIA satellites and supercomputers were taken down and likely seized by [U.S. President Donald] Trump’s new space force, and GCHQ [British Intelligence] was removed from the NSA database to also render cabal elements in the UK, Australia, Canada, New Zealand, Japan, France, Germany, and Israel deaf and blind,” Pentagon sources explained.

3. A CIA source in Asia who was involved in setting up the secret satellite network that was taken down last week issued the following warning to colleagues: “We are in potential danger. I hope your vehicles have fuel and you have emergency food and water on hand. There’s no telling who did this or why… and now that some of our satellites are down, God only knows what may be coming at us.”

4. A third source says Nathaniel Rothschild’s faction was involved in the shoot-down, saying, “Nat is back in play. He is with us. We are dismantling the Nazi/Antarctica global grid of communications. This includes several orbiting satellites, one of which has already been eliminated.”

5. The communications takedown is a prelude to both a military and financial offensive against the cabal, Pentagon and CIA sources agree. For reasons of operational security, the Pentagon sources cannot say much about the military action other than “a U.S. military offensive is under way to terminate the defenseless and disoriented cabal.”

6. A complete reset of the global financial system has already begun, assert CIA sources connected to the self-described “good side” of the Rothschild family.

7. This is just a prelude to what promises to be a very eventful month of September, the sources agree.


D. Sept. 3 2018 7:01 pm EST, Q Post: FBI & DOJ CORRUPTION Q !!mG7VJxZNCI No.1737b74d9fbbed6dfc65e04a7783b66900d639750689bafc8923e8bf91fb3437ddc.jpg

Federal Bureau of “Investigation”:
James Comey, Director – FIRED
Andrew McCabe, Deputy Director - FIRED
Jim Rybicki, Chief of Staff and Senior Counselor – FIRED
James Baker, General Counsel – FIRED
Bill Priestap, Director of Counterintelligence (Strzok’s boss) – Cooperating witness [power removed]
Peter Strzok, Deputy Assistant Director of Counterintelligence – FIRED
Lisa Page, Office of General Counsel – FIRED/FORCED
Mike Kortan, Assistant Director for Public Affairs – FIRED
Josh Campbell, Special Assistant to Comey – FIRED
Michael Steinbach -
John Glacalone -
Randy Coleman -
Trisha Anderson -
Kevin Clinesmith -
Tashina Gauhar -
Sally Moyer -

Department of “Justice”: David Laufman, Chief of the Justice Department’s Counterintelligence and Export Control Section [NAT SEC - HRC email invest] - FIRED/FORCE John Carlin, Assistant Attorney General – Head of DOJ’s National Security Division - FIRED/FORCED Sally Yates, Deputy Attorney General & Acting Attorney General - FIRED Mary McCord, Acting Assistant Attorney General – Acting Head of DOJ’s National Security Division - FIRED/FORCED Bruce Ohr, Associate Deputy Attorney General – Demoted 2x - cooperating witness [power removed] - TERMINATION IMMINENT Rachel Brand, Associate Attorney General – No. 3 official behind Deputy AG Rosenstein - FIRED/FORCED

Nothing to See Here. WHO ORDERED? [PDB] Q
E. The Zimbabwe Zim: Judy Note: Lately the Cabal appeared to be working overtime to supply us with false information. A thanks to RawVegan for reminding us of this Aug. 6 Intel Report on the Zim: "Re: Beny RV Intel" by RawVegan13 - 9.3.18 Aug. 6 2018 1:10 pm EST Intel Situation Report: "Evergreen" - GCR/RV Intel SITREP - Sunday - August 6, 2017

1. When printed back in 2008, the Zimbabwe Reserve Bank knew full well that the face values of their ZIM currency was not logical. The Chinese Elders fully backed the Zimbabwe government and Central Bank's desire to issue a 2008-2009 currency/bond note, so much so they recruited their own German currency/ sovereign bond printer to sabotage the cabal banking families of Eastern Europe known as the Dark Nobility.

2. The Elders knew even then that they would one day be transitioning the financial system to the east, and used the cover of Zimbabwe's looming municipal bankruptcy to hide just how valuable the country's assets were, which would eventually bankrupt all western world cabal nations that had no inherent in-ground mining assets to speak of.

3. Back in 2009 when the IMF shut down the ZIM as a non-good standing currency on the Western Financial System, they never anticipated a 2017 new Eastern Financial System backed entirely in gold that both recognized ZIM currency/bond notes as being of good standing.

4. The ZIM currency never actually defaulted on the new eastern financial system, in fact it was the first currency issued by any sovereign nation on it.That's why they used the same bill design for the recently issued lower denominations in 2016. Notice how the 3 rock design on each issue of these currency/bond notes are exactly same. Because all currency/bond note issues are fiscally equivalent then and now.

5. That's also why the Chinese Elders gave Zimbabwe the honor of being the first sovereign nation to announce that they have pegged their currency to the new global gold standard. The Chinese Elders have the ultimately sovereign legal responsibility to redeem the original 2008-2009 ZIM currency/bond note issue, not the Nation of Zimbabwe.

6. When you redeem your ZIM currency, you're actually transferring existing Zimbabwe currency/bond notes to legally valid USN, CAN, GBP, Euro's or whatever the legal sovereign tender is wherever you are physically redeeming. One for one.

7. If you hold 2008-2009 ZIM currency/bond notes, know that you actually already in possession of modern day cash that has long been acknowledged as being of good standing on the new Eastern Financial System going almost 10 years.


E. Sept. 3 2018 Iraqi Dinar Redenomination, Article from Iraq: https://www.rferl.org/a/Iraq_Planning_Currency_Redenomination/1950504.html

F. Sept. 3 2018 1:20 am EST Sealed Indictments up to August 2018:


Another 5900 Sealed Indictments for the month of August 2018.


(Disclaimer: The following is an overview of the current situation based on intelligence leaks received from several sources which may or may not accurate. Other confirmed sources may also be included in this overview.)

Alliance assets are on the move.

Q Post 2064

(Note: Photo of a SEAL Team 6 mission.)

CIA field agents are clueless as to what happened to the satellite and communication networks. The entire CIA is in disarray. All of their field agents are terrified of what might be coming at them.

According to sources, Trump may bring partial 9/11 disclosure this month.

It has been 17 years since the 9/11 attacks. 'No Name' John McCain "passed" 17 days before the anniversary of 9/11.

There are no such thing as coincidences.

Russia and China will be hosting a massive military exercise of 300,000 troops, 36,000 pieces of equipment, 1,000 aircraft, and both Northern and Pacific Naval Fleets.


This is a show of force to the Cabal from BRICS.

Meanwhile, Alliance special operations (composed of U.S. Special Forces and Russian GRU Spetsnaz) are occurring worldwide seizing and eliminating all Cabal assets.

The transition to the new quantum financial system (QFS) is occurring and cannot be stopped.

The RV is next on the list of "final blows" to the Cabal.

The RV is a part of the the entire take down process.

Not only will the RV jump-start the QFS but also unleash an army of humanitarians whom will once again remind humanity of compassion as did Jesus Christ (aka Yeshua Ben Yosef by his real name and Sananda by his soul name).

The AoP will release the RV once the word is given from Alliance Operations Center of Command.







BUT I WILL LEAVE YOU WITH THIS FOR NOW ................ GAME IS ON !!! ............ IN WAYS THAT I SO WANT TO SHARE .........IMO OF COURSE (wink) 

ALOHA .......... SMILE 


StephenMac63:  Thank you Frank, not worried, im seeing a correlation between conflicting "drama" articles and higher oil prices...it hit 79 already.......maybe a reason/purpose?

Frank26:  INDEED ....... AS CALCULATED .............. AS WE FOREWARNED.



YES .............. SMOKE GETS IN THEIR EYES.  SO I ............. STAY SILENT. 


Briscom:  Correct me if I am wrong, but with the elections over and parliament seated, shouldn't our focus be on Wednesday's HCL implementation?  I recall Mr. Frank saying over and over again, that 'once you see the HCL implemented, in nano seconds, you'll see the RI/RV'.  So far, I have not seen any news or articles from Iraq stating that Wednesday's HCL will be delayed or rescheduled.  Tomorrow could be a very, very explosive day, IMHO.  Love you all, especially Mr. Frank, Tink, WS, Delta and Teams.

Popeye7:  That is correct briscom... NO delays mentioned, and we are on the cusp of something BIG...

Rich4hyip:  i have the same feeling that tomorrow there would be major news coming out… and no report about the hcl on wednesday doesn,t mean it is not happening….not all people have the smart cards to receive the hcl payment, especially the remote areas….so the moment we see activation of hcl, the small notes have to come out prior of that imo
It must be timed with other things….the timing must be perfect, and today reminds me of previous times….everytime it involved with political decisions, conflicting news would go wild, and this time is no exception,
I guess frank may have to come out and remind people again just like what walkingstick just did….get over it….don,t Pay much attention to it……let it settle down.

Briscom:  Mr. Frank:  Anything you can share about the HCL implementation tomorrow?  God bless and thanks.

Frank26:  YES .......... THE KEY IS ............. WILL THEY PASS IT ............. NOT THE EXCHANGE RATE WHEN THEY DO !!! !!! !!!  (wink)  AND TOMORROW IS NOT AN EXPIRATION DATE FOR IT .......... IT'S A DOOR FOR IT. 

MilitiaMan:  So are you saying or implying that they don't have to pay the HCL 09/05/2018?
The door opens that day for it to be paid at a future date? ~ MM


Walkingstick:  Faily: Iraqis were surprised by the size of US involvement in forming the government

Iraq's ambassador to the United States, Luqman al-Faily, said Iraqis were surprised by the size of US involvement in the formation of the government, stressing that Washington wants to see a new government far from any Iranian influence.

"Iraq is under pressure not to succumb to sectarian politics or Iranian influence, and this is nothing new or unexpected. The United States wants to see a new government that is far from any," Faily said in an interview with the National English newspaper on Iraqi political developments. Iranian influence, at a time when we see and hear the same thing from the Iranians about the involvement of the United States in the formation of our new government.

Each side expects us to be loving or dislike, while we do not want to, and we do not see the need for such a bilateral policy of our relations with our key partners," he said.

On the message of US Secretary of State Mike Pompeo, Abadi urged him to form a "moderate and patriotic" government, Fayli said, "Iraqis are somewhat surprised by the extent and strength of US involvement in forming the new government   Link
Walkingstick:  Iraq presents broad opportunities to attract foreign investment

In the case of accession to the World Trade Organization as an active member

Baghdad / Emad Al-Amara

One of the most important opportunities that can be provided by Iraq's accession to the World Trade Organization as an active member is to attract foreign investment. The infrastructure of the Iraqi economy has been affected by the series of wars and international sanctions that have lasted more than a decade and the subsequent years have left Iraq needing investment in all fields. A time when local investment is unable to enter the market to meet basic needs.

 Diversification of the economy 

between academic and economic d. Ali Mahdi Abbas "in the event that Iraq meets the conditions of accession to the World Trade Organization and its entry as an active member, it will be able to provide an environment attractive to foreign investment and double the volume of foreign trade, and increased investments will help to diversify the economy so that Iraq can not rely on oil as the only source of the budget because oil According to the WTO is not a commodity or a distinct product, as well as Iraq's accession to the World Trade Organization encourages the opening of new markets and opportunities for national products.

After 2003, Iraq submitted an application to join the organization as an observer in 2004. The request was unanimously accepted during the meeting of the General Council of the Organization in the same year. After obtaining observer status in the Organization, the National Committee for the accession of Iraq to the Organization was formed, represented by the Ministry of Commerce and a number of concerned institutions, Private sector. In September 2005, the Memorandum of Foreign Trade Regime of Iraq was submitted to the Organization, which included all the details and information concerning the economic and commercial activity of the country.

"Iraq had decades of potential in several industries that have a good reputation in foreign markets such as spinning, weaving, leather, cement, petrochemical, food and other industries, as well as agricultural products such as dates and livestock, where foreign markets and exports have been growing continuously," Abbas said. "The economic policies that have been implemented have led to the fluctuation of production and its deterioration on an ongoing basis, which led to the loss of export capacity."

One of the most important conditions for joining the World Trade Organization is first to make concessions to tariffs. The WTO requires that the country wishing to join it provide a schedule of concessions containing tariff tariffs that can only be raised in principle in special cases. With a list of controls to be followed in the services sector and includes a list of barriers and conditions in the sectors and professional service activities and a timetable for removal. The third point is the commitment to WTO agreements.

Global competition

Abbas added that it is possible to restore Iraq's commercial status after joining the Organization and the Iraqi industries to obtain opportunities for development and modernization at a level that makes it competitive internationally. "The accession provides openness to services and provide new opportunities for suppliers of services in the fields of banking, The Organization for the Settlement of Disputes and the Organization of the Organization for the Settlement of Disputes is one of the latest and most effective in international relations because of the adoption of the principle of mandatory trial and the implementation of verdicts.

"It is noteworthy that the oil did not have a special agreement in the World Trade Organization Because all the commodity trade agreements focused on reducing high tariffs and removing quantitative restrictions in the importing countries. Oil trade in these countries is subject to customs duties only in a small number, and in very few countries, which is almost exclusively Japan and the United States.
Abbas said that "the challenges facing Iraq's accession to the Organization is to modernize the regulations and legislation of new laws and this pursuit must be accompanied by economic reform on a large scale, such as the enforcement of effective laws related to support the national product, because its presence shows the government's position on the subject of support to the private sector and identify sectors Which the government will continue to support after joining the organization. "

Commercial institutions stressed the importance of activating the role of regulatory institutions related to quality, health regulatory institutions and financial institutions such as tax, customs, legal institutions and social security institutions with the need to provide detailed statistics such as Iraq's share in international trade or the number of commercial enterprises and the size of their business compared to the size of private business enterprises To determine the volume of monopoly concentration.


Frank26:  TOO OBVIOUS ............. AN INTERNATIONAL CURRENCY ...............

Rich4hyip:  suitable environment is here, no questions anymore, anticipating the fireworks
Frank26:  BOOM ............................(Big Grin)

Iobey777:  Another huge article!! Now they are members of the WTO? How did that happen? Oh..maybe because they are now INTERNATIONAL!!! IMO Thank you again, Sir! Those "convoy" article just keep getting bigger and bigger...coming into full view now...if you know what I mean..the closer they get, the bigger they are!!!IMO...



Monday UPDATE for September 3, 2018

Posted by RayRen98

Items of interest from the weekend.....

Friday - The CBI announces "financial stability" for Iraq. [The establishing of a government should be all that's left?]

Iraqi president, Masoum, receives a special US envoy whose purpose was to support the "stability of Iraq" and continue to provide assistance as per previous agreement.

Iraq is discontinuing the use of US dollars for trade transactions with Iran and will use the Euro, the Rial and the Dinar. The 2% compliance issues are no longer a concern.

16 political parties agreed to form a coalition of "reform and construction" which was announced as the most powerful Parliamentary block, calling themselves the "Alliance."

On Monday, the new session of Parliament opened, deputies took their oath of office, and then recessed for the day. They will resume on Tuesday to elect the presidencies and other matters.

[On the surface, financial stability and a stable government seem to prevail......let's see the CBI's next move.]