Morning News Comments 02/05/2015
Consultant Abadi: the central bank to clarify the reasons for the low value of the dinar and the high dollar
[tlm724] He pointed out that "a determining central bank sales of the dollar in its daily auction was due to financial hardship,
[tlm724] home to Iraq and maintain the bank's foreign currency reserves is linked with earnings of Iraq in the fall and rise and be maintained by reducing its demand for the dollar and cover basic it needs."
[tlm724] we have in Iraq and there are loose commercial goods in the market is not worth the import - but the import is continuing and this exhausts the state budget
[tlm724] so they were using the auction to help pay for imports " but the import is continuing and this exhausts the state budget"
[tlm724] we know Iraq is now minimizing the imports as the move to implement local production
[tlm724] that the Iraqi dinar is strong but it needs to counter this decline Iraqi actions.
[tlm724] And witnessing the Iraqi market, a remarkable rise in the US dollar against the dinar as it is expected that the dollar sales decline in the central bank auction of this year
[tlm724] expected that the dollar sales decline in the central bank auction of this year !
The implementation of Article 140 in the Office of Wasit announces two thousand exchange last stop instrument to eligible
[wilbur48] could someone please refresh what is the 140 about
[tlm724] those are the disputed areas that Saddam stole from the kurds
[dogznova] wilbur48 timmy can explain it in simple terms
[tlm724] wilbur48 here let me show you
Article 140: First: The executive authority shall undertake the necessary steps to complete the implementation of the requirements of all subparagraphs of Article 58 of the Transitional Administrative Law.
Second: The responsibility placed upon the executive branch of the Iraqi Transitional Government stipulated in Article 58 of the Transitional Administrative Law shall extend and continue to the executive authority elected in accordance with this Constitution, provided that it accomplishes completely (normalization and census and concludes with a referendum in Kirkuk and other disputed territories to determine the will of their citizens), by a date not to exceed the 31st of December 2007.
[wilbur48] thank you
[tlm724] they are a lil late getting to this wilbur but now with the new GOI it will be done, the territories will be returned to the kurds, kirkuk is dripping in oil, a huge reserve there and Maliki never wanted to let it go
[tlm724] wilbur48 yqw
The government is moving to the Federal Court on the intersection of budget items with the independence of the Central Bank
[tlm724] Keywords explained in a statement that the Economic Committee of the Council of Ministers recommended the cabinet to challenge the material contained in the budget law intersect with the independence of the Central Bank, adding that the central bank means to achieve stability in the dinar exchange for the protection of citizens' purchasing power price
[tlm724] so a challenge flag has been thrown on the legality of the GOI making it law to cap the auctions at $75 million per day
[tlm724] interesting statement about the purchasing power of the dinar !
Press release CBI announcement 02/05/2014
[tlm724] an expanded meeting with representatives of the banks to inform them on how to deal with banknotes in accordance with modern techniques in counting and examination
[tlm724] hmmm I could have sworn when they introduced the new secure notes they had this training already
[tlm724] I wonder is this continuing education or something new ?
Abdul-Mahdi involved acts of First International Investment Conference
[tlm724] the Committee of Economy sure that a conference of investment and legislation Investment Law alone service is not enough, but we need a package of laws.
[tlm724] *hallelujah* bring it on !
[tlm724] "the investment in Iraq is an investment for the future and that future looks bright ! Cool
Deputy: Kurdish delegation will visit Baghdad soon to discuss arming the Peshmerga and the oil Profile
[tlm724] noting that the arming of the Peshmerga forces and the agreement of oil and political commitment files, the most debate during the visit
[tlm724] visit comes to confirm the provincial government on the political commitment and the oil agreement with Baghdad."
[tlm724] good , lets get that part over please and ty
[tlm724] the new HCL will make them all happy Very Happy