One of the reasons for delays in the budget performance of the stock market decline
[tlm724] not only the stock market but the inflation is through the roof
[tlm724] as well as policy by the Central Bank of Iraq,
[tlm724] they will see the stock market skyrocket when they ....
[tlm724] fill in the blank Wink
Suri calls to the concentration of the banking industry, according to specialties
[tlm724] the phase of the country in dire need of development banks to support and develop public and private sectors, which operate according to the mechanisms of the market economy
[tlm724] that these banks often play an important role in economic development and activating the economy and especially in the stages of the economic crisis
[tlm724] do think they are in crisis mode ?
[lightingcslt] they have been
[tlm724] no doubt, economy is in bad shape
[rsp1] REALLY BAD SHAPE
[tlm724] pointing to the need to make way for foreign banks to own shares of local banks
[tlm724] "pointing out that this article prevents banks from using the money available to it in the process of economic development of direc
[tlm724] that in 2006 signed a Memorandum of Understanding between the Ministry of Finance and the CBI under the auspices of the International Monetary Fund and the World Bank and the Treasury Department to achieve the program of restructuring the banking system in Iraq
[tlm724] the application of the clauses of the agreement attribution between Iraq and the International Monetary Fund and relating to the restructuring of state institutions .
[tlm724] clauses of the agreement
[tlm724] they have to step it up now in order to meet the clauses of the agreement
Iraq regains its location on the map of regional and international trade
[tlm724] said that this meeting is held in Iraq after a break of more than 40 years *mission*
[tlm724] reflecting the importance of Iraq and restore it to its role at the international and regional levels
[tlm724] contribute to the strengthening of cooperation with Chambers of Commerce, Industry and Agriculture of Arab and international, in order to achieve economic viability of the country
[tlm724] the Union will organize a conference to invest in Kurdistan Iraq by the end of this month in Arbil
[tlm724] where is the Iraqi market, one of the best global markets
[tlm724] with opportunities that are opening up to the world
[tlm724] *hallelujah* bring it on baby, open the gates to the world !
Net: the country has entered a fiscal year does not have the balance for the first time since 2003,
[tlm724] but he stressed that the lack of approving the budget will lead to disruption of existing and new projects, nor can the government do new projects, in addition to obstructed ongoing projects that need funding from the budget of the issuance of bonds and remittances and borrowing, especially in the year was characterized by revenues few are called to apply the exchange rate 12/1 of the actual expenditures for the year 2013 which is estimated at 9 trillion dinars, which is just enough to fund essential needs too.
[tlm724] in addition to obstructed ongoing projects that need funding from the budget of the issuance of bonds
Postponement of the budget to next Sunday
[tlm724] We have heard that he will be A session of parliament after the agreement between the center and the region
[tlm724] and that is exactly what we want to see ! An agreement once and for all, get the HCL right !
Ojaili: the second reading of the draft budget in Tuesday's session
[tlm724] the liquidity of the recession, will hit the country's economy, because of the delay in legislation the financial budget for the current year.
Araji: The World Bank called on the Iraqi government not to interfere in the political CBI
[tlm724] *slap* from the World Bank
[tlm724] that the World Bank called for reform of policies and non-interference by the Iraqi government in the political CBI
[tlm724] We had already warned of the deteriorating economic and financial situation in the country because of the failure to take policies professional
[tlm724] Iraq is pushing their luck !
[therealbubbie] tlm724 yessss !
[tlm724] called for reform of those policies and stop interventions governmental organizations in the work of the central bank and private borrowing it and otherwise, Iraq will be put on the list Suda,
[tlm724] pointing out that this is reminiscent of the same sanctions imposed on the former regime
[tlm724] they better get it together and quick ! We have been saying along that Iraq has backed themselves in a corner, its time for action and now because they sure don't want to be put on that list !
[tlm724] This World Bank statement is powerful !
[tlm724] I don't think there will be anymore warnings imo !
[therealbubbie] tlm724 they are being called out by the world bank because of their bs !!!!!!!!!!!!!!!!!!!
[tlm724] therealbubbie exactly !
Central Bank agrees to open two branches of the Bank of fransabank Lebanese Iraq
[tlm724] Central Bank of Iraq agreed to open two branches of the Bank of fransabank Lebanese in Iraq
[tlm724] approve your bank to grant a license to conduct banking business in Iraq
[tlm724] commitment to the instructions issued by the Central Bank, in addition to his commitment to Iraqi laws, and pay $ 10 million for licensing fees
[tlm724] bring on the banks !!! They know the potential of Iraq !!
Parliamentary economy: the government will be held accountable legally at their disposal Balahtiat cash
[tlm724] thats just what we were talking about, the GOI cannot touch the CBi money !
[tlm724] the International Monetary Fund said that the Iraqi government if it goes forward in the implementation of the spending plans for the year 2014, they will be recorded inflation record and drain the country's reserves of hard currency
[tlm724] once again another international *slap* !!!
[rsp1] they're getting pizzed
[tlm724] they are running out of chances to make this right ! Its a do or die situation ! Talk about pressure !
[bigdinaros] do they have to RV
[tlm724] they have to implement a functioning monetary policy !
[bigdinaros] ok so they don´t have to rv
[tlm724] bigdinaros I don't know if they have to RV per say, but I do know that their current policy is not working !
[bigdinaros] we can only hope
[tlm724] bigdinaros its easy to say just RV but there is so much more involved, currency reform is just one element of the monetary reform
[tlm724] but I would think increasing the value of the dinar is on the list !!
Kurdistan is ready to attend the meeting read the terms of the budget
[tlm724] specifically the paragraph that emphasizes the link between cutting the region's share of the budget, the issue of oil and gas
[tlm724] Kurdistan Alliance will seek if the government rejected an amendment to the budget bill, to achieve the principle of compatibility with the major political blocs in parliament, which in turn would comply with the government for the inclusion of these amendments on the budget to be voted on and approved
[tlm724] they are probably making those adjustments now and that is why they will not meet until Sunday, they needed the time to make them imo