Morning News Comments 06/16/2015
Minister of Finance held a meeting with Fitch and Rhodes International Tribunals credit rating
Tuesday June 16, 2015
An update of the consultations conducted by Mr. Hoshyar Zebari, Minister of Finance and his accompanying delegation in the presence of Deputy National Security Adviser Mr. Safa el-Sheikh.
Held on June 16, 2015, and discussions with Fitch and Rhodes international credit rating session, to get the credit assesses the economic and financial activity for Iraq during the current stage classification,Which assisted in obtaining financial support and access to international capital markets and the issuance of sovereign bonds in the name of the Government of Iraq,
also assisted in the development of the volume of investment through the contribution of many investors in the development of the development process.
[tlm724] discussions with Fitch and Rhodes international credit rating session, to get the credit assesses the economic and financial activity for Iraq during the current stage classification, *hallelujah*
[tlm724] ,Which assisted in obtaining financial support and access to international capital markets and the issuance of sovereign bonds in the name of the Government of Iraq,
[tlm724] thats all good ! Iraq keeps going !! Very Happy
Attorney Ihsanoglu describes the perpetrators of the dollar rise in Iraq Baldaahien
[tlm724] "the perpetrators of the high dollar exchange rate no less a degree of seriousness Daash of Iraq,"
[tlm724] calling on the central bank to "reconsider monetary his policy before the crisis deepens.
[tlm724] yeah what he said
[tlm724] the surge in price US dollar exchange rate as artificially to several factors, most notably, a major dominance mafias on the Iraqi market and corporate speculation
[tlm724] demanding the central bank to cancel the auction, to develop a transition period to measure the performance of banks under revocation does constitute a successful him a substitute
[tlm724] the latest damage to the Iraqi people as a result of higher commodity prices, local goods
[tlm724] all segments of society are suffering due to the volitility of the high market rate with the exception of the rich !
A government source (dinars): Dollar rises behind political overtones .. and 90% of the sales of the bank remittances
[tlm724] government source confirmed that the political dimensions behind the high price of the dollar
[tlm724] while noting that 90% of dollar sales in the Central Bank is of remittances and 10% cash sales only
[tlm724] The source, who declined to be named
[tlm724] oh ok lol
[tlm724] "The dollar's exchange rate is not a government decision but respect to supply and demand, and because of lower oil prices, what you get state of the hard currency is much less than the previous, and when the supply of dollar less than Markets need it makes sense to increase the rate of exchange
[tlm724] what you get state of the hard currency is much less than the previous
[tlm724] well yeah the purchasing power is in the umm errr crapper lol
[tlm724] and is the only of the dollar source of Iraq and the government and other institutions worked quietly in recent months to put guarantees the receipt of the dollar importers at the official rate by remittances,
[tlm724] the government and other institutions worked quietly in recent months to put guarantees the receipt of the dollar importers at the official rate by remittances
[tlm724] hows that working out for ya? you were a lil too quiet *slap*
Rasheed Bank called cover imports of companies and individuals in foreign currency service
[tlm724] Rasheed Bank decided to launch cover imports of individuals and companies of foreign currency to support the national economy service
[tlm724] that the initiative came to support our economy by covering the commercial activity of the merchant
[tlm724] added that the bank is willing to pay the value of goods imported from outside the country and foreign currency Abdul Wahab added that the importer can promote his request through the bank or money transfer companies approved by the Central Bank of Iraq
[tlm724] so Rasheed Bank will now pay for imports as long as the importer has the correct documentation, interesting
Charges the central bank to stand behind the rise in the dollar .. The latter denies and vows to speculators
[tlm724] that many of the question marks are raised on the outcome of the Iraqi Central Bank action to stop the deterioration of the value of the dinar against the dollar
[tlm724] yeah whats up with that
[tlm724] investment commission parliamentary felt that many of the economic crisis solution is to amend that law Bank so as to ensure independence from the government, and carry Bankers "abuse" the central bank responsibility for a stronger dollar, despite the latter denied this
[tlm724] amend that law Bank
[tlm724] despite the latter denied this and accused them of responsibility and speculators in the rise in the dollar exchange rate, and vowing to "dissuasive measures"
[tlm724] "dissuasive measures" oh really ?? show us !
[therealbubbie] show us ! ok here 1379!!!
[tlm724] "the Central Bank of Iraq first and last responsibility to maintain the value dinar and not to deteriorate against the dollar.
[tlm724] sing it !
[therealbubbie] "The high price of the dollar crisis will not be resolved until after the amendment of the Central Bank of Iraq Law No. 94 of 2004 in harmony with the current stage "
[tlm724] Al-Tamimi, that "the Central Bank of Iraq has taken a number measures to counter the decline in value of the dinar, but the results did not show on the surface so far indicates many question them signs,
[tlm724] therealbubbie exactly !
[therealbubbie] tlm724 they didn't take any measures !!
[tlm724] how many ways can you say pass the laws !
[therealbubbie] their full of crap ! everyone of them !! ..
[tlm724] "The new draft law to the Central Bank currently exist in the State Consultative Council, in preparation for examination by the government approval and forwarded to the parliament.
[tlm724] call a session *whip* !!!!!!
[tlm724] Central bank: exchange companies and speculators are responsible for rising dollar exchange rate
[tlm724] no you are responsible !
[tlm724] He called al-Shammari to "the need to clarify the Iraqi Central Bank management and Board of Supreme Audit reasons behind the local currency collapse and height is natural in dollar prices in front and that is to speed up in coordination with the specialized private banks sold the currency for the purpose of establishing a professional and clear strategy to control the situation. "
[tlm724] oh so you want to hear it from Turki and Alak , that will be interesting !
[tlm724] "the need to clarify the Iraqi Central Bank management and Board of Supreme Audit reasons behind the local currency collapse
In the same context, attributed the expert in economic affairs Maitham Laibi reasons for the high dollar exchange rate to "the continuing validity of the application of Article 50 in the budget of 2015 determining the quantities sold by the central bank,
and also because of the decision to impose customs tax deducted from banks and Chierfat that buy the dollar from Alrkza, which led to shifting the burden of this tax by these by raising the price of the dollar. "
[therealbubbie] Turki and Alak = rug salesman !!!
[tlm724] therealbubbie more like puppets if ya ask me or tweedle dee and tweedle dumb !
[tlm724] Bankers: the arbitrariness of the Central Bank of the reason for the dollar rising Meanwhile download Bankers arbitrary actions of the Central Bank responsibility for a stronger dollar.
[tlm724] "Iraq the largest importing countries for goods so traders need to the dollar to cover their goods, "returned to" the current procedures do not allow for traders easy access to the dollar, which forces them to buy it on the black market at any price and thus lead to height.
[tlm724] so there we see varying opinions on the issue but we need to know is what action the CBI will take to correct the course which is ambiguous at the current time !
[therealbubbie] we need to know is what action the CBI will take to correct the course... heres your answer ... they don't now how to get out of it ... and don't care ... their stupid people running the CBI and the country .. stupid !!
[tlm724] tanks bubbies lol
[therealbubbie] tlm724 and that a fact !! why ? because they should of never let this get out of hand !!
[therealbubbie] do you realize their ready to get the market rate to 1400 ... been almost 6 years or longer since that happen !!
[tlm724] therealbubbie a bus outta control !
Comments may be made at the end of Part 2 Thank You