KTFA

Don961: Turkey’s finance ministry announced Thursday it would unveil what it called a “new economic model” as the local currency continued to deteriorate further.

She said Finance and Treasury Secretary Berat Albirek would announce the “framework” of the model on Friday, according to the Associated Press.

The ministry did not give further details on the new model, but expected inflation, currently close to 16 percent, to fall below 10 percent.

The Turkish lira has lost 30 percent of its value since early 2018 and fell to a new record high of 5.43 against the dollar, down 2.5 percent from Wednesday’s close.    link

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

Samson:  Kubish hails the openness of Abadi and hopes to form a government by Eid al-Adha

10th August, 2018

The head of the United Nations Assistance Mission in Iraq (UNAMI), Jan Kubic, hopes to form the new Iraqi government by Eid al-Adha.

In a press statement after his recent statement before the Security Council, Kubic said that the Supreme Leader Ali al-Sistani had an impact on the thinking of the political forces. He called on the authorities in Baghdad to continue the policy of openness initiated by Prime Minister Haider al-Abadi with neighboring countries, especially Saudi Arabia and the Gulf states

He hoped that “political parties will accelerate to the final stage of consultations to form a government that must be with reform and meet the aspirations and needs of people and has the political will to do so

In response to a question about the rapprochement initiated by the government of Prime Minister Haider Abadi with neighboring countries, Kubic said: “I now expect that people in Iraq see how important and positive openness to cooperation with all countries in the region and with international partners,” especially referring to ” Gulf “where” there is a common will to work with Iraq

“He said the next government “will simply continue this cooperative position with the countries of the region    LINK

David M. Witty
Currency365