TNT
Tishwash:
Economic expert: Iraq needs a systematic and objective planning for its economy during the coming period
The French president’s visit to Baghdad is very important if Iraq can succeed in economic cooperation and not conclude an economic agreement.
Al-Hamashi added that Iraq had previously concluded a good number of agreements with countries and companies, and none of them had succeeded.
He explained: The government needs objective and systematic planning to determine its needs, and France has the experience, indicating that the Al-Kazemi government must agree to draw up an economic policy for the country and within specific time frames for its success. link
Harambe:
Bloomberg: Specter of Currency War Re-Emerges With Central Bank Skirmishes
Growing unease among global central banks about the slumping U.S. dollar has ignited speculation that a fresh currency war might be on the horizon.
European Central Bank official Philip Lane this week fired a warning shot, explicitly drawing attention to the exchange rate as the euro topped $1.20 for the first time in two years. Reserve Bank of New Zealand boss Adrian Orr was more circumspect about exchange rates, but nevertheless signaled he would ease monetary policy as necessary to stimulate growth. And other central banks from the U.K. to Japan also appear willing to loosen the spigots.
“A new ‘currency war’ may not be at hand just yet, but the subtle pushback seen from major central banks is noteworthy,” said Ben Emons, managing director at Medley Global Advisors. “When the U.S. dollar is on the move, there comes a point where central banks will react because a substantially weaker or stronger dollar has implications for global monetary policy.”
The slide in the dollar is adding to growth and disinflation concerns for economies outside the U.S. at a time when the world is already struggling with the fallout from the coronavirus pandemic. The greenback has fallen more than 10% from its March peak, based on a Bloomberg gauge of the currency, although it has recovered some ground this week in light of central bank comments.
Read Full Post Here: https://www.bloomberg.com/news/articles/2020-09-03/specter-of-currency-war-re-emerges-with-central-bank-skirmishes
Source: Dinar Recaps
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