Post From Dinar Updates 3-04-16
Chat Room Excerpts & Highlights
Dinar Updates Friday AM Chat 3-04-16 Part 1 of 2
ol lar says():Hutch brought in an article about banks requesting to be switched over to intern'l banking standards. I thought they already did, but I am glad to see that's not the case, I hold out hope a lot of things are ready to go like this , but can't ,until the Exchange rate has 3 less zeros
ol lar says to rcookie():check this out,seems legit, http://www.mawazin.net/%D8%AA%D9%88%...A7%D8%B9%D8%B4 LINK
ol lar says to rcookie():Expectations of a recovery of the Iraqi dinar again after the end of the war on Daash --- Since 03/03/2016 21:20 pm (Baghdad time)Image
It can not ignore the fact that Iraq is a big changes in the economy if the available investment opportunities and appropriate planning strategy to take advantage of its resources properly.
Iraq is on the verge Anfjarmen financial growth, which encouraged him to promote foreign investment in infrastructure, oil and manufacturing, this is what you go to him Wall Street Journal, the US, and provides a quick inventory of factors to achieve this,
including that "Iraq is a country of over 30 million people with the active workforce and education as well, which is a very attractive country for foreign investors and can attract Iraqi companies, foreign investors' willingness to open a huge investment projects. "
ol lar says to rcookie():Despite the announcement by US President Barack Obama to end military operations in Iraq it may take some time before the country reaches a stable and peaceful situation.
The paper says that "in spite of all these facts, we can not ignore the fact that Iraq's solid state resources if placed under the authority of the administration to create investment opportunities and enormous changes occurring in the economy."
And it stresses that "with economic development in a very short time when Iraq becomes one of the world powers."
And it draws out that "the Iraqi government has taken several critical steps to boost the economy in Iraq, such as the government seeks to reduce the inflation rate from 19% to 6%."
rcookie says to ol lar():THE CBI ISSUED AN ANNOUNCEMENT AND DIRECTIVE ON 1/7/16 TO TRANSITION FROM UNIFORM ACCOUNTING STANDARDS TO IAS (INTERNATIONAL ACCOUNTING STANDARDS)...
I PUT MUCH INFORMATION ABOUT WHAT THAT ENTAILS AND EFFECTS..ESPECIALLY CONCERNING IFRS...AML/CFT AND BSA STANDARDS ..ESPECIALLY TOWARD PUBLICLY TRADED COMPANIES....
ol lar says to rcookie():government has carried out several contracts with international companies to increase oil production, is expected until the end of 2020, oil production up to the level of 10 million barrels per day."
Also it notes that "by this date, it is expected that Iraq will be one of the largest suppliers of oil."
He says Iraq may become a timely manner, "the state's largest supplier after Saudi Arabia and Russia," but she pawned it to "the stability of the current oil prices."
He believes that this "will move significantly the revenues from Iraqi oil which is actually good marks for the developments of the Iraqi econom
rcookie says to ol lar():I POSTED THAT YESTERDAY AFTERNOON...
ol lar says to rcookie(): And explains that "at the present time, locally traded Iraqi dinar only, and not in all parts of the world. It is likely to remain in this situation for a long time, depending on the ability of the country's importation, and assess the level of consumption to ensure the preservation of the welfare of the Iraqi state,"
noting that " currently the actual determination of foreign currency and actually depends precisely on the ability of the state in the completion of raising oil exports and the way they will try to organize the use of oil within the state. "
It cautions that "most of the foreign exchange earnings of Iraq has nothing to do with the Iraqi dinar directly because everything is usually purchased in US dollars."
The paper expects a recovery of Iraqi currency after the war ended with Daash he says it will be stronger after the federal government control over the vast supply of natural resources revenues.
ol lar says to rcookie():so question is when is the War with Daash over
ol lar says to rcookie():sorry didnt seee your post so is the war over when Mosul is fully recaptured?
rcookie says to ol lar():A PEACEFUL & STABLE SITUATION....AGAINST WHAT STANDARD...AND WHO DECIDES THAT...
ol lar says to rcookie():yes
rcookie says to ol lar():THE INCREASE OF PRODUCTION PROJECTIONS SEEM REALISTIC....
ol lar says to rcookie():On the last gatekeepers call, they said that a Prophesy expert claims that at the exact same time that Maliki was sworn in, There were world wide seismic activity in more places around the world than was ever recorded before, that would be interesting if true
rcookie says to ol lar():THEY ACKNOWLEDGE IRAQS HUGE POTENTIAL FOR INTERNATIONAL FINANCIAL GROWTH....AND FOREIG INVESTORS WILLINGNESS TO PARTICIPATE IN HUGE INVESTMENT PROJECTS...
ol lar says to rcookie():sorry to change subject
rcookie says to ol lar():GREAT QUESTION & POINT OL LAR....WHAT STATUS OR GOAL ATTAINED WILL DEFINE A STABLE AND PEACEFUL STATE...AND WHO DECIDES....
rcookie says to ol lar():WHAT DO YOU THINK ABOUT....
BGG says():I can tell you why DD does that - R-A-T-I-N-G-S... period. It is no more difficult to understand than this...
BGG says():OK... just got busted. Back to the couch (on my phone)... :)
BGG says():You guys gotta' quit gettin' me in trouble!!
David[X25SNDAUGTUKHUQWI6BTABCMVI@yahoo..] says():Can you imagine the global growth that will result from the uprooting of corruption WW . Di Silva inn Brazil today. A trillion dollars has been stolen by countries goernments easily. That is not even the private sector. This Brazilian Petrobras could represent the begining of a global trend now that is bullish.
Josie says():Rafid Jaboori: (former spokesman for Iraqi PM) "#Iraq Shia cleric Moqtada al-Sadr calls for comprehensive reshuffle in cabinet of PM Abadi"
Josie says():Wont be long now....
sheila3 says to Josie():GA (y)
Josie says():I know its not new news, but always great to see it in media circles and social media.
bigrudy says():Any good news?
sheila3 says to bigrudy():chat room is back up,there has been no news the room was down :)
flint says(): rcookie brought this in earlier [8:39 AM] rcookie deberry: E. Public Financial Management Reforms27. In order to strengthen fiscal discipline, the government will implement the following measures:
flint says():[8:39 AM] rcookie deberry: Survey, audit and pay domestic arrears. As a first step, the Ministry of Planning will complete, by end-February 2016, a survey of domestic arrears on investment spending accumulated by all ministries as of end-September 2015 (structural benchmark, Table 2) and the Ministry of Finance will complete a survey,
also by end-February, on current spending arrears accumulated by the same units as of end-September; in addition, similar surveys of arrears as of end-December2015 by end-March 2016, and as of end-March 2016 by end-May 2016 will be completed.
flint says(): [8:40 AM] rcookie deberry: On the basis of each of these surveys, the government will prepare plans for the orderly payment of the arrears, which will include an independent audit of the arrears and a repayment schedule in line with the government’s financing capacity.
As of end-April 2015, the government identified ID 7.3 trillion in domestic arrears, out of which ID 5 trillion accumulated in 2015 (¶13); the Board of Supreme Audit will audit these arrears to check their validity by end-February 2016. So far, the government has included ID 2.4 trillion for the repayment of domestic arrears in its revised2016 budget
flint says():angus: so JR do you see it as nothing can happen until after the last audit is completed in may?
flint says(): [10:12 AM] larrykn: angus I think the audit is already done
thenextbigidea says(): http://iraqfinance.symexco.com/
rcookie says():ARE WE LIVE AGAIN....
rcookie says():ARE THE CHAT LOGS UP FROM THIS MORNING...
BGG says to rcookie():I doubt it - there was no one here to collect the chat logs.
Comments may be made at the end of Part 2 Thank You