Ani: united Sunday if they will attend the session agenda included a general budget
[tlm724] the Budget is on the agenda as follows
[tlm724] Sunday the 16th for the 1st reading and Tuesday the 18th for the 2nd reading
Bankers: beware of infinite distribution of foreign currency in banks
[tlm724] central bank's measures to limit the private distribution outlets of foreign currency in banks Palmagueth referring to some change in the coming days
[tlm724] which could see a reduction at the exchange rate of the dinar against the dollar
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[tlm724] will reduce the rate of the dinar against the dollar, which began to increase its value and that the main problem lies in that the impact of the dinar is exposed to the pressures of many may be internal or external
[Shredd] a lot of info in this one....fees at auction up
[Shredd] the pressure on the dinar in its current state versus the dollar and it's demand
[tlm724] downside risks to the bank's decision to limit the distribution outlets in foreign currency in banks and the exclusion of banking companies.
[Shredd] the cbi is getting so very close on needing to act
[tlm724] Shredd which way do you feel it will go ?
[Shredd] with all the continued focus on removing the zeros, i think they will move forward with the project this year
[Shredd] starting it, that is
[Shredd] you can see the restrictions on the distribution of foreign currency
[Shredd] so that tells me the plan to move to the dinar is still in play which I think we all trusted but hoped wouldn't delay
[tlm724] right so do you think the CBI will tighten those reins or lossen them according to the above art ?
[Shredd] I say tighten which is good....they need to have total control to ensure a stronger, more relied upon dinar will be safe
[Shredd] supply needs to be controlled so it's good news to me
[tlm724] Shredd I tend to agree with you, the tighter the reins the easier it will be to stop
[Shredd] the main problem lies in that the impact of the dinar is exposed to the pressures of many may be internal or external, political, and security in addition to the pressures of economic, social and administrative
[tlm724] the CBI needs to stop the bleeding Shredd
[Shredd] so, the removal of the large notes and bringing value to the dinar will bring many solutions
[Shredd] they need to mitigate this: banks to monopolize the direct purchase of currency and price controls in the circulation
[Shredd] so the work continues to prepare the banking network, including controls and necessary regulatory sla's to ensure the change in the dinar is not hindered
[Shredd] tlm724 right, stop the bleeding!
[tlm724] the CBI is shaking off the shackles that bind the dinar
[tlm724] set her free baby !!
Coordinating the management of agricultural investment saves time and money
[tlm724] and inform the competent authority in the center electronically, thereby saving the country a lot of money and effort that could otherwise be used in other areas
[tlm724] thats a single window ( one stop for all their needs )
Baghdad disposal of 548 billion dinars to pay the salaries of the staff of the Kurdistan region
[tlm724] you know I have been thinking this morning
[tlm724] remember they keep saying that SOMO was formed by the old regime ? I wonder if they are going to amend that this week which is why the 1st reading of the budget isn't till the 16th
[tlm724] Ithink they realize they can't put off the HCL any longer
[rsp1] I sure hope they don't release the budget without the HCL
[Shredd] it is so overdue, they gotta agree on oil money
[tlm724] yes they (Baghdad and Kurdistan) are loosing the grip on the revenue, action is absolutely necessary NOW !
[tlm724] the HCL will provide the platform for transparency as well as accounting and that is what it boils down too
Claims the establishment of free zones for trade exchanges with Iran and Turkey
[tlm724] the federal government signed agreements with Iran and Turkey to establish free economic zones to facilitate trade and to support the local market with high quality products
[tlm724] He pointed out: that Iraq enjoys excellent geographical allows him to establish more of a free economic zone
[rsp1] The free trade zone or export processing zone is one of the most private areas of the country where reducing trade barriers such as tolls and bureaucracy imposed on the movement of trade in order to encourage new business and attract foreign investment.
[tlm724] that the free zones characterized by fast growth of the economy in terms of stimulating the local product
[tlm724] rsp1 these free zones are very important, not only does it attract outside investment and offer tax free business transactions it promotes and meets the requirements for the WTO
[tlm724] indeed !