Post From Dinar Updates
Chat Room Excerpts & Highlights
Dinar Updates Sunday Early AM Chat 11-27-16 Part 3 of 3
loop says():The end of the week ... the adoption of the general budget of the 2017 Act (Details)
26-11-2016 07:32 PM Hits: 1265
Orbit News -Parliamentary Finance Committee confirmed on Saturday that 'the adoption of the General Budget Law for the year 2016 will be the end of this week. "
Said committee member Ahmed Sarhan in a press statement, that 'the adoption of the law will be in place on Wednesday or Thursday of this week. "
He said Ahmed, said that 'the law needs to be reviewed by the parliamentary finance committee and he will be shown the law if the study is complete, the end of the week.'
rcookie says():Rafidain Bank: Launch of citizens to sell the dollar by 1200 dinars
Rafidain Bank, announced Sunday, for continuing to sell the dollar to people in 17 branches in nine provinces.
The bank said in a statement, said he "was selling the dollar to citizens by 3 thousand dollars to someone in exchange for a thousand and 200 dinars for one dollar from the covered purchase are next travel for the purposes of medical treatment, study or Hajj or Umrah or tourism , in addition to the official deputations and other reasons. "
the statement added," the bank was launched sales by 17 branches in Baghdad and the provinces which both pharmacists branch in Basra province and ur in Dhi Qar and the Pacific in Maysan and Cordoba in Wasit and Qadisiyah, in addition to the Babylon branch in Babylon branch Prince neighborhood in Najaf, Muthanna in Muthanna and Abbas in Karbala and Baquba , in Diyala and Kirkuk province , in the province of Kirkuk. "
He explained that" dedicated to sell the dollar in Baghdad branches are all from the General Secretariat of the Council of Ministers branch revelation Arab and Kadhimiya and the role of the officers and Firdous Square and Mustansir.
Kountryway says():I am unable to find anything in my studies on Iraq that tells me what "popular crowd" is...i.e. : popular crowd law. Where can I find it? OR..will someone tell me what it is?
rcookie says():SHIITE MILITIAS.......
rcookie says():A source reveals for "tomorrow Press" launch date large enterprise loansNumber of Views: 310 15:15 2016/11/27 Share Participation 2 Likes 0:BAGHDAD / tomorrow PressLike 0
It said a source familiar with the Central Bank of Iraq, said on Sunday that any amount borrowed from the Agricultural Cooperative and industrial bank has not been launched to .date, revealing the launch before the end of this yearThe source told "tomorrow Press," that "the Central Bank has provided five trillion dinars to sector banks (industrial, agricultural, real estate), and also the housing fund for the implementation of large and medium projects,"
adding that "any amount borrowed was. "not called by the agricultural and industrial bankHe pointed out that "the Land Bank and the Housing Fund carried out a good number of ".projects through lending amounts to wanting to housing
And industrial and real estate banking source indicated that "there are projects presented to the banks but the banks managing the Supreme Committee for loans and represented by Iraq's central bank and other supervisory bodies considering these projects carefully".and choose the ones that serves the development process
The source revealed that "the end of the current year will be the launch of a large number of loans for projects in the industrial and agricultural sectors across the industrial estate ".and banks
It is noteworthy that the Iraqi Central Bank announced, in the (23 June 2016), the launch of SME loans by the private Iraqi banks in early July present, while stressing that the .amount of the loan up to 50 million dinars, an interest rate will not exceed 5.5%
loop says to Kountryway():The Popular Crowd is a shiite militia that was formed to combet Deash and was oringinally under the control of Maliki. The GOI had no control over their actions. With the passing of this law their actions are now directed by the Abadi.
rcookie says():SO.....WITH MUCH REVEALED ABOUT SME LOANS...HERE IS SOME NEWD CONCERNING LARGE LOANS FOR AGRICULTURAL & INDUSTRIAL PROJECTS....
Kountryway says to loop():Thank you Loop. That is very helpful.
loop says to Kountryway():The law legitmizes them as a fighting force similar to the Kurdish Peshmerga.
loop says to Kountryway():This is why the Sunnis are all whinning about it.
Kountryway says to loop():Now I see why that law is SO important!!
BGG says to loop():I don't know if "legitimize" is exactly the right perspective...
BGG says to loop():nor is it unforeseeable some Sunni's are hurt over it... one way or the other - it was passed as a Law.
rcookie says():Banker Expert: Banks should support the economy and the formation of the Supreme Council for Economic Affairs Like 0ShareNumber of Views: 242 15:05 2016/11/27 Participation 2 Likes
:BAGHDAD / tomorrow PressCalled banking expert Samir Nasiri, on Sunday, to support and develop the banking sector in Iraq, the adoption of a comprehensive methodology for economic reform of the economy and the formation of the Supreme Council for Economic Affairs, noting that the.banking sector is facing several years ago a number of significant challenges
He said Nasiri told the "Tomorrow's Press," that "the Iraqi banking sector is facing several years ago a number of significant challenges beyond his control, and since it is an essential link in the chain of the Iraqi economy rings and the Iraqi economy, the problems are many and complex and there is a tangle and confusion in policies and practices, mechanisms and requirements building introductions transition to a market economy as referred to Article 25 of the Iraqi Constitution and the laws and regulations, instructions, and the" .determinants of central management of the economy
Nasiri said that "the things facing the banking sector is the economic instability of the security and circumstance that Iraq is going through since 2003 to the present time which led to the creation of a true obstacles to banking reform attempts,"
pointing out that "in spite of it the work of the Iraqi banking sector efforts self-adhesive and under the supervision of the Central Bank to carry out its functions in providing services to the public in accordance with the potential administrative and banking and technically, but was his contribution to the economic development is limited due to face the challenges and problems and obstacles for reasons both objective and subjective notably the drop in oil prices and the economic crisis stifling suffered by Iraq and the war on terror and economic." stagnation and decline economic growth rate to less than 1% in 2015 and 2016
He suggested Alnasiri "comprehensive methodology for economic reform of the banking and the adoption of the structural and institutional reconstruction of the economy of the evaluation and the formation of the Supreme Council for Economic Affairs and the involvement of private sector and banking and the Association of Banks in economic and banking decisions and re-private banks assess the industry and classified in accordance with the performance efficiency standards, as well as support and development of the private banks, stabilization and inclusiveness financial and develop a strategy for the financing of small and medium enterprises and contribute to the revitalization of the" .economic cycle
The banking system in Iraq consists of 54 banks as well as the Central Bank and distributed by ownership between seven state banks and 23 private commercial banks, .including nine Islamic banks in addition to the 15 branches of foreign banks.
BGG says to loop():Long run - it's much better than these "loosley allied" Shia militias running around doing as they please... likely will be a "drawing nearer" of them to Abadi.
BGG says to loop():as time goes on.
BGG says to loop():BTW - the Shia Militias were formed by - and under Maliki... they were viewed as a powerful arm of his support base.
BGG says to loop():The Shia Militias were also viewed as Maliki's "last bastion" of support. WOOPS - NOT NOW...
BGG says to loop():as time goes on - and these Militias are directed more and more by Abadi - this greatly diminishes as a threat. I put an article about it on THE BLOG - I'll leave it on today.
BGG says to loop():BTW - fantasic financial news today - Thanks for sharing.
rcookie says():SO.....OUR BOY AL NASIRI CALLING FOR FORMATION OF SUPREME COUNCIL OF ECONOMIC AFFAIRS...AND REFERS TO ARTICLE 25 OF THE IRAQI CONSTITUTION ...
AND THE REQUISITE LAWS...REGULATIONS & INSTRUCTIONS AND DETERMINANTS (LOVE WHEN THEY USE THAT WORD) AS THEY CONTINUE BATTLING ECONOMIC INSTABILITY SINCE 2003 UNTIL THE PRESENT...
AND CURRENT OBSTACLES CONCERNING BANKING REFORM AND OVERSIGHT OF APPLICATION BY CBI...AND OUTLINES STAGNATION & DECLINE OF THEIR ECONOMIC GROWTH IN 2015-2016 TO 1%...
AND CALLS FOR STRUCTURAL & INSTITUTIONAL RECONSTRUCTION OF THE ECONOMY AND IMPLEMENTATION OF THE SUPREME COUNCIL FOR ECONOMIC AFFAIRS TO PROMOTE PRIVATE SECTOR IN COOPERATION OF PRIVATE BANK ASSOCIATION FOR A STABLE STRATEGY OF INCLUSIVENESS AND REVITALIZATION OF THE ECONOMIC CYCLE.......
loop says to BGG():YVW
BGG says to rcookie():Thanks!! Good news that they are "battling" - and seeing results!!