[tlm724] 'Arab Spring' in the central bank! ... Citizen and the decline of the local currency .. Goods go down and the other up Ali Salman - 05/22/2013 - 7:40 p | Warned a number of MPs and specialists in the financial area of the continuation of the low exchange rate of the Iraqi dinar against the U.S. dollar,
because it will create economic and financial crises large in the country, in terms of high inflation and increased prices in the domestic market, in addition to its direct impact on the amount of cash reserves of hard currency , because the decline in the price of the dinar reduced the purchasing power of citizens (20%), giving a negative indicator for economic growth and development in the country,
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[lightingcslt] DogzNova you see how high those auctions were
[DogzNova] lightingcslt yes.. 283,000,000 ... They pulling money off the streets ya think
[lightingcslt] DogzNova yeah talk about flooding, just give me a few more of those auctions
[DogzNova] I'm sure there wiil be
[Shredd] DogzNova what trends are you seeing in the auctions?
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With all the news of the currency issues around pricing and demand for the dollar, I thought I'd dissect the issue. I believe this will tie in nicely with BondLady's last two chats along with the news of counterfeiting and the current visit by the US to Iraq. There is a ton of escalation, urgency and attention to this current currency issue.
This substantial issue at hand regarding the price of the dollar versus the dinar can easily be understated.
The issue of the increasing rate and the high demand for the supply cannot be fixed with a simple 4 pip change in the rate like what happened in January of 2012....that was to align inflation which brought no benefit to the people of iraq.
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[BondLady] I want to talk about a few things ya'll wanna? I want to start with something I just found. I feel like its pretty important check this out
[BondLady] Washington raise the Iraqi Islamic bank from its blacklist after the cessation of dealings with Iran 05/18/2013 - 12:58 pm | Announced that the United States, on Saturday, for the lifting of sanctions imposed on the bank Elaf Islamic Iraqi and canceled from its blacklist after the cessation of its dealings with Iran, in the past, the first of its kind,
and stressed that the sanctions regime imposed on the banks, "flexible" and can be raised for any bank if suspended dealings that led to the imposition of the penalty, called upon all individuals and institutions around the world to do the same procedure as "positive."
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[BondLady] good morning everyone , lets take a look at whats going on. This article is from Player46's afternoon news thread , thank you Player:
Dozens of citizens gathered in front of the private banks in order to buy the dollar and ending gatherings always and then the intervention of security forces to unseal. These daily incidents prompted the owners of a number of banks and money experts to organize a conference to develop solutions in order to keep the exchange rate of the dinar. does not differentiate them time morning or evening since the early morning hours Atgmehr many people in front of private banks in order to buy dollar.
tangle with hands and knives is the case of those gatherings that always end the intervention of security forces to unseal. says a citizen of the Sumerian News: Hsieh 3 hours and a half morning came we buy dollars from the bank
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[tlm724] hey everyone want to talk about traiffs no, well tough we're gonna anyway first lets see what tariifs are
[tlm724] A tariff is a tax on an imported good. Therefore for each unit of a good that is imported into a country the tariff increases the price of that good by however much the tariff is.
[therealbubbie] tlm724 yeah sure what the heck !!
Tariffs are usually implemented when the world price of a good is lower than the domestic price of a good. A tariff thus is a form of protection from foreign competition that can produce that good at a cheaper price. The jobs of that industry are thus protected by the tariff, as opposed to the jobs being eliminated by foreign
competition.
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[lightingcslt] ok all I have been thinking again and boy did the light bulb go off again last night
[lightingcslt] I want to bring something in give me a second
[lightingcslt] The parliament session in the presence of 175 deputies 07-05-2013 12:24 PM Baghdad (news) .. The session was held twenty to the House of Representatives in the presence of 175 deputies. said reporter Agency (news): The agenda of the meeting includes a vote on the health of the membership of Thamer Ibrahim Zahir and vote on a draft law amending the Social Welfare Act, and vote on the draft law on accession of the Republic of Iraq to the Convention on the Arab Organization for information and communication technology, and the first reading of the draft law amending the Penal Code. added: that the agenda of the meeting also includes the first reading of the draft law on the first amendment to the law of the Supreme National Commission for Accountability and Justice No. 10 of 2008, and the first reading of the draft law amending the Penal Code No. 111 of 1969, and reading first bill seizure and confiscation of movable and immovable property belonging to the pillars of the former regime. will also be the second reading of the draft Labour Code and the second reading of the proposed law first amendment to the law of service and retirement of Internal Security Forces, and the second reading of the draft law second amendment to the tariff law
http://www.ikhnews.com/index.php?page=article&id=84001
[lightingcslt] now I want you all to look at the last paragraph of that article "will also be the second reading of the draft Labour Code and the second reading of the proposed law first amendment to the law of service and retirement of Internal Security Forces, and the second reading of the draft law second amendment to the tariff law"
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BLC Administrators Lightingcslt and tlm724 Chat 5/6/2013
[lightingcslt] Okay you all have to bear with me, I have just flown back from Pennsylvania to steal the mic that shredd has had for over a month and wouldn't give it up lol. So on that note are you ready for a real down to earth CHAT? Here goes, and by the the way there are not gonna be any imo on this chat because I believe this is what we have been looking for this to happen for so long now. Actually "believe" is not strong enough this IS what we have been looking for. So on Thursday we receive this from the Iraqi news and govt. Seven points agreed upon between the delegation of the Kurdistan Regional Government and the federal government
Published 02/05/2013 12:57 AM
Babinaoz - Agencies : in Erbil today announced the seven points that were agreed upon between the Kurdistan Regional Government delegation headed by Barzani President of the Kurdistan Regional Government, who visited Baghdad recently, and the federal Prime Minister Nuri al-Maliki to resolve the outstanding problems.
The announcement came on the points of agreement in a press Manmr held Nechirvan Barzani in Arbil
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