Post From Dinar Updates
Chat Room Excerpts & Highlights
Dinar Updates Friday Chat 5-27-16 Part 1 of 2
rcookie says():Iraq will receive a "financial umbrella" estimated at $ 20 billion and calls for exploited to boost the economy
Author: AB, ZJ Editor: AB, BK 27/05/2016 15:50 Number of Views: 163Long-Presse / Baghdad
Financial advisor to the Prime Minister, revealed the appearance of Mohammed Saleh, said Friday that the amount of "international financial umbrella" will get Iraq estimated at approximately 20 billion dollars,
and in the economic and investment commission in the House of Representatives called for a focus on the extent of the actual need of loans and how to spend to strengthen the national economy , an economist statement difference between Karza Monetary Fund and the World Bank public opinion demanded.
Saleh said in an interview with the (long-Presse), said that "what has been with the International Monetary Fund called the Convention on the Stand-By Arrangements, and will begin working out at the first of next July," adding that "Iraq Siqtrd under five billion and $ 400 million duration allow pay-standing Three years".
Saleh added, "The World Bank will give Iraq a loan of three billion dollars on favorable terms and for a long time to pay," noting that "both the World Bank and the IMF different mechanisms for lending."
He explained the financial advisor to Ebadi, "The total amount of borrowing from the International Monetary Fund and the World Bank is eight billion and $ 400 million," stressing that "the postponement of payments to the Iraqi debt by the Paris Club countries and compensation for the Kuwait war, would bring to Iraq leeway to cope with the current financial pressure."
Saleh continued, that "Iraq Siqtrd nearly five billion dollars, an additional seven industrialized nations (Paris Club), such as Italy, Germany and JICA Japan International Cooperation," pointing out that "the total loans either from the IMF or the World Bank or major industrialized nations, with the postponement of payment of dues of Kuwait and those of the Paris Club, ranging from 19 to 20 billion dollars. "
And Saleh, that "financial parachute total borrowing will be between 19 to 20 billion dollars, and in the shade will be the International Monetary Fund and the World Bank loan as well as receivables that were postponed or will postpone constitute funding Like the borrowing."
Parliamentary economic: most importantly , how to spend the loans to promote the national economy
For his part, Chairman of the Committee on Economy and Investment parliamentary Jawad al-Bolani said in an interview to the (long-Presse), said that "it is important on the subject of the loans is the extent of the actual need for them and how their spending in the areas of service of the development paths and enhance the national economy,
not the difference between those who Stkarzha", returned to "partnership between Iraq and the international financial institutions and useful, to be able to keep up with the strategies of the world economy."
Bolani stressed that "Iraq Siqtrdah total of $ 20 billion over the next five years," noting that "the amount would be in batches."
Economist: to be informed of the government and the public on the difference between Karza Monetary Fund and the World Bank
On the other hand, said the economist Ahmed Rehn, said in an interview to the (long-Presse), said that "it is necessary to prepare a clear and concise report that shows the difference between Karza the International Monetary Fund and World Bank, for presentation to the Council of Ministers and published public opinion," noting that "the IMF loan is different higher than that of the World Bank, where each has its specificity and orientations and way of dealing with the lending. "
He added Rehn, that "the IMF lends to governments to repay the deficit in the balance of payments under certain conditions, while be World Bank loans developmental tasks or for the development of specific sectors," adding that "the World Bank does not lend large sums of money, so it should pay attention to it, because the members of the government do not know that unlike the specialists at the Ministry of Finance and the Central Bank. "
rcookie says():And knows the International Monetary Fund on it, a specialized agency of the Bretton Woods system of the United Nations, was established under an international treaty in 1945 to work on enhancing the safety of the global economy, and is based in Washington DC, and managed by its members who include all the countries of the world about their number of 188 countries .
He was the financial advisor to the prime minister, he said in (24 of May 2016), that the priority regardless IMF loan will cover the deficit assignments displaced people and social welfare and the ration card, and set up projects limit unemployment, denying almost categorically any intention to cut marital allowances,
while promised parliamentary Finance Committee, that the loan is "a good step" to help Iraq out of the financial crisis and the rationalization of expenditures, calling on the government to bring next year's budget in 2017 to the Fund in accordance with the standards.
The Finance Minister Hoshyar Zebari announced, in (the 19th of May this too), to reach an agreement with the World Bank Fund for a loan worth $ 5.4 billion, while the loan will allow securing additional financial assistance to reach about $ 15 billion during the past the next three, Governor of the Central Bank of Iraq, on the Keywords confirmed that the annual interest of the loan up to 1.5 percent.
Iraq had announced (January 13, 2016), for the approval of the International Monetary Fund to finance the budget deficit through clouds of hard currency reserves, indicating that this means reducing those reserves from $ 59 billion the end of October 2015 the past, to 43 billion during the year Present.
subgirl says to rcookie():love that article rcookie!!! :) thanks!
rcookie says():50,000 IRAQIS FLEEING FROM MOSUL TO SYRIA....
Dinarian1 says():Can anyone say... right on schedule?! Lets get this done and mop up them bad guys up! Woot!!
clay says to rcookie():wow
rcookie says():HUNDREDS OF SADRIST PROTESTORS FLOCKED TO TAHRIR SQUARE...
BGG says():GM GM GM everyone :)We're out of town and working - so.. TTYL this evening...
BGG says to rcookie():Did they actually protest??
BGG says to rcookie():I though I understood them to be responding to Abadi asking them to "stand down" for now??
rcookie says():THEY DID...BUT THERE ARE STILL SOME...SAID FEW HUNDRED
rcookie says():AMERI ANNOUNCE THE COMPLETION OF THE SIEGE OF FALLUJAH IN PREPARATION FOR THE FINAL BATTLE....
subgirl says to rcookie():VERY EXCITED!!! :) AMERI ANNOUNCE THE COMPLETION OF THE SIEGE OF FALLUJAH IN PREPARATION FOR THE FINAL BATTLE....
subgirl says to rcookie():there sure is alot of great stuff about the countries supporting Iraq!!
subgirl says to rcookie():I think Mosul is going to be a challenge for Iraqi soldiers to fight for that city...
subgirl says to rcookie():getting rid of ISIS...
subgirl says to rcookie():what do you think? Interesting how all these countries are wanting to support Iraq and yet not all the cities are cleared of Isis??
subgirl says to rcookie():makes us go hmmmm...
rcookie says():Group of Seven agree to provide aid worth 6.3 billion dollars for Iraq
By Ziad al - Haidari 6 hours ago Roudao - Erbil Grand Group of Seven industrialized nations leaders agreed at a summit in Japan on Friday, to raise 6.3 billion dollars in aid package for Iraq, where this funding is intended in part to help the country in the fight against terrorism and address the causes of migration.
The leaders said in a statement that this funding is primarily designed to support Iraq's efforts "to deal with financial challenges and strengthen the economy through reforms" in coordination with international institutions including the International Monetary Fund.
Merkel added that the funding will include 500 million euros ($ 560 million) in the form of a credit Germany, which had announced several weeks ago.
She told German Chancellor Angela Merkel told reporters that before the Group of Seven decided to focus this year, "especially to Iraq," one of the main countries from which the refugees. She added that the group will provide assistance worth 3.6 billion euros. She Merkel "We are confident of the need to impose stability in Iraq and we want to support the Prime Minister Haider al-Abadi efforts."
Group of Seven nations Russia leaders also condemned the "illegal annexation" of Crimea from Ukraine and threatened further action against Moscow but said the sanctions could be reduced if Moscow carried out the agreements Minsk and respected the sovereignty of Ukraine.
In a statement at the conclusion of their meeting, which lasted two days in central Japan, leaders of the Group of Seven also called on North Korea to comply with Security Council resolutions of the United Nations and the moratorium on nuclear testing and the tests of the rocket fire and "provocative acts" other.
On the deep reforms to their communities and their economies, the leaders of the seven countries said they vow to "pay structural reforms to stimulate growth and energy production and provide ideals by raising structural challenges."
rcookie says():SO...G7 MEETING IN JAPAN REVEALS 6.3 BILLION DOLLAR AID PACKAGE FOR IRAQ....
TO DEAL WITH FINANCIAL CHALLENGES & STRENGTHEN THE ECONOMY THROUGH REFORMS IN COORDINATION WITH INTERNATIONAL INSTITUTIONS INCLUDING THE IMF...
rcookie says():500 MILLION EUROS FROM GERMANY ALONE...
subgirl says to rcookie():(y) that is great!!! :) WOW!
rcookie says():IMPOSE STABILITY INIRAQ AND SUPPORT PM ABADI EFFORTS...
bibi says():Great news! Awesome show of support for Abadi! (y) thanks, Rcookie.
rcookie says to bibi():GLOBAL SUPPORT.....
jeffusa says to subgirl():wish they would show support for my bank account
larrykn says():I like the ways things are going :)
bibi says to rcookie():YES!! Woo hoo!
futuremoney says to rcookie():like you said rcookie, all these countries arent going to give all this money to Iraq unless they were getting something in return...investments...
clay says to futuremoney():Im with you on that
rcookie says():The central bank stopped 300 companies transform financial and banking deal
The central bank stopped 300 companies transform financial and banking deal The central bank stopped 300 companies transform financial and banking deal
Section: page economic May 27, 2016 16:45 Hits: 31
Detecting a news article published on Friday, announced the arrival of the Commission of a competent US combat financial intelligence department staff to Baghdad and set up at the US Embassy for the purpose of expansion for the purpose of coordination with the Central Bank of Iraq.
The writer said he "was deprived of 300 company financial and banking transfer deal, where they are provided with the central bank's weekly information on Iraqi companies and the banks that the suspicions of money smuggling, fraud, money laundering,"
Pointing out that "the bank literally implement the recommendations of this committee, which provide him with weekly information on Iraqi companies and banks, which by suspicions of money smuggling, fraud or money laundering."
The central bank is committed to "fully committed" the instructions of the US Committee, according to the article, which he said "was amended and revised instructions that allow the entry auction currency writer."
The article says the owner of a meeting held by the governor of the Iraqi Central Bank on the Keywords last Wednesday, to employers Iraqi banking and financial institutions informed them that the policy of the central bank is past and that the central bank would accept to keep the Ten banks operate only in the Iraqi financial market, also threatened the adoption of "degrees of classification "by the central bank.
According to the author of the article, the Keywords that "wants to protect the country and its assets and announce the time of separation cuddle and Aldla banks", he also knows for sure disaster that might get, "warning of the possibility of the US Committee in the US embassy Posting the names of a number of companies are freezing or off for work with them for the purpose of investigation, or issue a command to stop these companies once and for all the work and to bring to justice to all, not just fined by the Central Bank of Iraq.
And warns the writer of the article from the collapse of the credit situation in Iraq in the event of the Commission in the embassy informed the US Central Bank of Iraq for "five or six Iraqi banks names", where it is freezing its work and forwarded to the judiciary and the courts, to be the central bank obliged to act in accordance with the Commission's recommendations.
And can the Americans, according to the author of the article, Shell any bank financial ability of feeding it with the correspondent bank outside Iraq, pointing out that the application of the central bank to these instructions mean that Iraqis depositors' money at risk, and that thousands of employees will be in the dismissed government and are added to the unemployed Army for work in Iraq, in addition to the offending effects of such decisions. The central bank http://burathanews.com/news/293810.html
rcookie says():THAT IS INSANE...
rcookie says():US COMMISSION & PANEL OF FINANCIAL INTELLIGENCE ARRIVE IN BAGHDAD AND SET UP SHOP IN US EMBASSY FOR PURPOSE OF COORDINATION WITH CBI.......
monique13 says():What about the 300 stopped...I don't understand
rcookie says():HAVE STOPPED 300 FINANCIAL & BANKING TRANSFER COMPANIES UNDER REVIEW FROM CBI THROGH WEEKLY REPORTS UNDER SUSPICION OF SMUGGLING & MONEY LAUNDERING...AND FRAUD...
monique13 says():HOLY MOSES!!!!
rcookie says():STATES THAT THE CBI IS FULLY COMMITTED TO THE ORDERS OF THIS US COMMITTEE...WHICH HAVE REVISED AND AMENDED RULES FOR CURRENCY AUCTION PARTICIPANTS...
rcookie says():ON WEDNESDAY ALAK INFORMED BANKING & FINANCIAL SECTOR THAT CBI POLICY HAS CHANGED AND NOW WORKING WITH 10 BANKS ONLY IN IRAQI MARKET AND ADOPTING CLASSIFIACTION DEGREES OF THEM BY CBI......
futuremoney says to rcookie():awesome..
JETSET says():tightening the controls! good sign!
rcookie says():ALAK STATED THE PROTECTION OF THE COUNTRY AND ITS ASSETS NECESSITATES THE TIME & NEED OF SEPERATION FROM THESE BANKS TO AVOID DIDASTER...
AND WARNS THE US COMMITTEE IN US EMBASSY WILL PUBLISH THE NAMES OF THESE COMPANIES..SUSPEND ACTIVITIES UNTIL INVESTIGATIONS ARE COMPLETE...
OR ORDER PERMANENT CLOSING AND PROSECUTE...AND NOT JUST BE ISSUED FINES BY THE CBI...
dale says():Rcookie :. Sounds great. !!! Would also seem like monetary change could take place until stuff like this was addressed ..... dale says():Rookie. : Could not