Post From Dinar Updates
Chat Room Excerpts & Highlights
BGG Monday Night News Time 10-31-16 Part 1 of 2
NEWSSTIME WITH BGG and Co. – MONDAY, OCTOBER 31, 2016
BGG says():Hey gang - we all ready for some News Time??
magnetlady says():You Bet
coco1 says():Beyond ready!!!
DHOLLA says():Just waiting on more good news........not like i haven't already read all the current Iraq good news
BGG says():I guess I should have done a tweet and e-mailer for my own News Time...
magnetlady says():hahaha It was in the blog and advertised in the chat room
BGG says():seems so "self-promoting"
I really hadn't thought about that until just now...
magnetlady says():Naw, we love it
MadDScout says to BGG():Facebook advertised it
magnetlady says():See there ya go
rcbegan1 says():Will we be able to ask questions tonite? If so, what is the proper way to ask?
magnetlady says():Thanks MadDScout
MadDScout says to magnetlady():My pleasure
BGG says to rcbegan1():You are - go ahead.
Now... and thank you for tuning in...
rcbegan1 says():Thank you. How does the deleting of the zeros affect out investment if we have all large bills??
BGG says to rcbegan1():Great question..
the "Deleting of the Zeros" program - IS THE PROCESS of raising the value and removing the large notes from the marketplace.
it is the "effect" you are looking for (BTW - this is that one instance "effect and affect" are ALMOST interchangable )...
rcbegan1 says():Thank You, I understand your response about removing the large bils from the market place. Will we be able to cash in the large bills at the increased value?
BGG says to rcbegan1():The "affect" on your investment (if you have these large bills) is you will experience this surge in value... in fact, any size bills will do...
rcbegan1 says():THANK YOU
BGG says to rcbegan1():it is highly likely you will be able to exchange these bills at an increased value. Obviuosly - why we are all here.
However, none of what I portray is any long stretch - they have written directly on these subject(s).
Great questions... On to News Time
MrsBGG says():Okay welcome everyone to News Time!! We're glad that you are here; Sit back and relax! For anyone who is new here, welcome; If anyone has a question or comment , please use a ? and we will call on you; It makes it easier on the copiers and readers to follow. Thank you for your understanding.
BGG says():Here we go...
$ 50 billion of the Central Reserve
BAGHDAD / Center Brief National NNC- said the parliamentary finance committee member Masood Haider, the central bank has the cash mass of up to $ 50 billion.
He said Haider, in a press statement that "the money supply maintained by the central bank for the award of the dinar Iraq up to $ 50 billion," denying "the money supply drop to $ 45 billion, according to some media."
He continued that "the amount of financial loans received by Iraq in the current year amounted to approximately $ 10 billion; to secure the weapons and ammunition needed by our security forces in the liberation of the cities Daesh operations of the terrorist gangs, as well as secure the amounts of some ongoing projects."
Economists point out that Iraq is losing $ 9 billion a year from the cash reserve at the central bank, which raises many concerns for the future of the cash reserves of foreign currency.
Iraq has suffered a financial crisis; due to lower international oil prices, as well as the war waged against Iraq Daesh terrorist gangs
BGG says():BTW - hang in there... We have TONS of News to cover...
BGG says():Thanks to RCookie for bringing the previous into Chat earlier...
Haider al-Abadi confirms Iraq's desire to protect the independence of the judiciary and the protection of the state
Iraqi Prime Minister Haider Abadi, Iraq's desire to protect the independence of the judiciary and the protection of the state.
A statement by the Office of the latter Abadi discussed with the head of Iran's judiciary Sadeq Larijani ways to strengthen relations between the two countries and cooperation in the fight against terrorism and corruption.
Expectations approve the budget before the end of the year
BAGHDAD / Sabah - predicted the financial advisor to the prime minister appearance of Mohammed Saleh approve the budget year 2017 before the end of this year...
BGG ~ This will answer a lot of issues... I fully expect them to codify the "functional HCL" in the 2017 budget as they have in the past...
in essence - whatever the impacts of a true HCL would have been - they go ahead and allocate and draw out such agreements "loosely" in the budget...
executing the impacts of the HCL without having to go through the stress of the actual process.
MrsBGG says():He will be right back, technical issue...
localcats says():rats just gitting good
MrsBGG says():Okay, Mr. BGG's computer is having some problems, MadDScout is going to bring in some News...thank you!
MrsBGG says to localcats():(y)
MrsBGG says():Thank you 'all for your patience!
MadDScout says():Here is a great post from Loop
Parliamentary Finance recommends organizing currency auction
Mon, 31 Oct 2016 13:55:28
Finance Committee visited headed by MP Mohammed Halbusi Central Bank of Iraq has been discussed many things with the Governor of the Central Bank on the Keywords Advanced cadre belonging to the Bank's business and financial reality and Economic been listening to the steps and mechanisms established by the Bank Administration to regulate the work of the auction currency.
The committee said in a statement that "it was stressed the necessity of activating the regulatory instruments of the Bank and hold negligent and non-committed to the instructions and regulations issued it."
The statement pointed out that "the parliamentary financial support of the private sector and work to create plans to develop and to assign the industrial, agricultural and commercial sector.
MadDScout says():It looks like they want accross the board implementation of the new rules
and follow up on any business not within standards
MadDScout says():"the parliamentary financial support of the private sector and work to create plans to develop and to assign the industrial, agricultural and commercial sector."