DINAR UPDATES 5-17-16
Post From Dinar Updates
Chat Room Excerpts & Highlights
Dinar Updates Monday AM Chat 5-17-16 Part 1 of 3
cowboywads says(): LETS HOPE THEY FINISH UP EVERY THING TODAY SO THE IMF CAN GET THE SHOW ON THE ROAD :D
DIGIman1 says():kurds got their whey....:D
cowboywads says():HOPEFULLY THATS GOOD FOR US?
DIGIman1 says():yup....it is...
DIGIman1 says():all part of the 'inclusive government' obama was demanding....imo...
larrykn says to jeffjane():Central Bank confirms Iraq for loans worth $ 15 billion
Wrote: May 17, 2016 Ali-ingrate
Governor of the Central Bank of Iraq said the "agency" on the Keywords that Iraq will receive loans from the International Monetary Fund of up to $ 15 billion in the next two years.
Keywords and said in a newspaper interview, "Iraq is expected to happen this year at $ 7 billion or more, and at the present time there are international approach to support Iraq, we are determine these amounts based on the accounts relating to Walkers financial situation, and perhaps be animated depending on the circumstances." .
"We initially in the next two years could be that Iraq gets $ 15 billion, and these amounts could say it has become almost certain."
BGG says():That has to be purely about credit rating - they cannot be depending on that money... they have pi$$ed a hundred times more away lately... their budgets have been in the 120 bil per annum... what does 15bil over the next 2 years matter??
risk says to BGG():Could this be the "seed" money for monetary change?
rcookie says():JABOURI ANNOUNCES EXTENSION OF PARLIAMENT SESSION FOR 1 MONTH....
rcookie says():BRENT FUTURES AT $49.34......
larrykn says to rcookie():when does that time start for that extension ?
rcookie says():Jubouri Announces Extension of the current chapter Sharii of Parliament to one month
Last updated: May 2016 - 13:50 17 BAGHDAD / News Network Iraq announced Parliament Speaker Salim al - Jubouri , the extension of the current chapter Sharii of Parliament to a month
Ahd.ozkr a statement his office today: "Based on the powers vested in the President of the House of Representatives, according to the Article 58 of the Constitution, it was decided to extend the current legislative term of the House of Representatives and therefore the urgent need to complete reforms and legislation necessary necessary in the interests of the country 's supreme .
"The President of the Republic Fuad Masum, the face on Monday, to call for the House of Representatives need to extend the current legislative term of one month from the end of the current dismissal date of the end of the month of May Gara.oppema extension will be a legislative recess to parliament one month [July] .
ouget Federal Supreme Court on Tuesday, a letter to all parties to challenge the constitutionality of two sessions of the House of Representatives meetings , lawsuits last month to submit their answers in accordance with legal terms in order to be resolved as soon as possible, stressing that its going to be open for all, including the public.
rcookie says():SO...ENTIRE MONTH OF JUNE....
rcookie says():Parliamentary demanding the Interior Minister to clarify the reasons for cancellation Tareq al-Hashemi name from the list of Interpol
Tuesday 17-05-2016 | 8:08:55 Twilight News / MP called for reform emotions grace the front on Tuesday, Interior Minister Mohammad Al-Ghabban clarify the reasons for cancellation of former Vice President Tareq al-Hashemi name from the red list of the wanted list of the International Police (INTERPOL).
Said in a statement responded to the Twilight News, he said that "the Iraqi people and all the families of the martyrs and victims of terrorism were shocked by the news of cancellation terrorist Tareq al-Hashemi to hear from the Red List own wanted list of the International Police (INTERPOL),
despite being sentenced to five death sentences for committing terrorist crimes," indicating that "Iraq is a member Interpol and the director of the Iraqi Center of the Interior Ministry Maj. Gen. Hadi is Hammoudi, and the duty to renew the wanted bulletin Iraqi judiciary annually and submit it to the government to send it to Interpol. "
She explained that "may be added to the list every year new names are written off or provided, including obtaining the approval of the independent Iraqi judiciary names, the government is empowered to act and modify existing without the consent of the judiciary, which makes us wonder about who is responsible for this terrorist delete a name from the list of wanted men."
Media sources revealed that the International Criminal Police "Interpol" filed on Monday, former Iraqi Vice President Tariq al-Hashimi name permanently from the red list of wanted men with arrest.
She said the oversight committee of the International Criminal Police Organization, "Interpol" It is ascertained that "information provided about al-Hashemi showed strong doubts about the authenticity, and the result of all this, the Committee decided to raise the name of al-Hashemi and the final information from its files."
Interpol management and confirmed that it was not convinced by the justifications provided by the Iraqi authorities to arrest al-Hashemi.
For his part, al-Hashemi said in a statement to the source of the media on Monday, Interpol's decision as "proof that the charges laid by the Iraqi authorities to judge him null and void."
The Interpol issued in May / Oareetam 2012 an international arrest warrant, demanding the extradition of Iraqi Vice President Tareq al-Hashemi, on charges of supporting terrorism, in accordance with a request from the Iraqi government, then headed by Prime Minister Nuri al-Maliki, which accused him of killings and leading death squads in the country.
rcookie says():OK.....I HAVE AN ABSOLUTRLY INCREDIBLE INTERVIEW WITH KEYWORDS (ALAK) ANNOUNCING THE AGREEMENT TO OPEN CBI BRANCH IN ERBIL....AND ANSWERS SOME AMAZING QUESTIONS IN PROCESS.......
rcookie says():IT IS LONG...BUT WOW!! HERE GOES....
rcookie says():On the Keywords: We have reached an agreement with the Kurdistan Region to open the central bank in Arbil By Roudao 6 hours ago
The governor of the Iraqi Central Bank, on the Keywords, in an exclusive interview with Roudao Media Network, the central government held talks with the Prime Minister of the Kurdistan Region, Nechirvan Barzani, was agreed to open a central bank in the Kurdistan Region has all the requirements and specifications, and to be part of the bank CBI, pointing out that the Kurdistan region has the right to obtain 17% of the foreign loans obtained by Iraq.
The following is a transcript of the interview:
rcookie says():Roudao: What is the role of the central bank in solving the current economic crisis?
On the Keywords: the central bank represents a fundamental pillar of economic policy in the country, along with fiscal policy, and since the country's resources have dropped significantly, and in particular since 2015, played a central bank and still plays an important role in trying to overcome the current financial crisis, through his purchase of treasury transfers issued by the Ministry of Finance and purchased by banks, the central bank re deducted, which now stood at more than 12 trillion dinars, as well as the Central Bank allowed the use of 50% of the bank's reserves has to buy money orders, with an estimated up to 4 trillion dinars.
Roudao: Is the central bank distract from the reserves at the moment?
Keywords: central bank banned it according to the law that will provide loans to the government, but the central bank can buys money orders or bonds from the secondary market, not from the government directly, that is, when there are money orders issued by the government purchased by banks, can the central bank rediscount, because of the great financial crisis, the banks can not cover all of these transfers continuously.
rcookie says():Roudao: Is the central bank managed to put up securities to obtain financing and bridging the budget deficit?
Products: There are two types of bonds, including the State Department, which tried to Iraq last year promote them outside the country, but Iraq ran into the problem of high interest rates on these bonds, reaching more than 11%, the point of the central bank's view is not to go into it, because of rising interest rates , and Iraq does not need a dollar, but in need of the Iraqi dinar,
because most expenditures in the state budget covers the dinar, so it was our proposal to resort to the local national bonds in Iraqi dinars, which have the benefit of the citizen and covers the need Dinars nor endured high benefits, has recently been agreement to begin offering these bonds.
Roudao: Do you have to put up securities in the global markets for future plans?
Keywords: Yes, after the United States and the World Bank has given the possibility to do to guarantee part of the bond, and when it will land benefits dramatically, at that time we can issue bonds in the international markets, the size of the bond is currently before a start is two billion dollars, and if he could Iraq that the process of market interest rate is suitable, you may think to continue asking other bonds also Bmiliran, and whenever possible, depending on the interest and the conditions and duration.
Roudao: What is the reason for the instability of the Iraqi dinar?
Keywords: reserve central bank is affected by spending the government directly, and if the government is spending more than revenues, the borrowing process to cover the deficit, and this borrowing, which reached today to the large sums of money meant indirectly is pumping cash into the market,
there are other factors influenced by exchange rate , a juvenile political and security developments, the situation of stability has a direct impact on exchange rates, and watched the dinar exchange rate in recent instability, where he gave a letter in which a kind of anxiety and fear for the Iraqi people.
rcookie says():Roudao: What is the latest information about your dealings with the International Monetary Fund and World Bank, and what is the size of the loans granted to Iraq?
Keywords: a while ago and the Finance Ministry and the central bank hold in-depth talks with the International Monetary Fund, the search mechanism and conditions of loans, Mtaattlebatt the International Monetary Fund and the conditions are the same orientations of the Iraqi government,
because the government is trying to reform public finances of the state structure through the rationalization of expenditures, increase revenue, with maintain employees' salaries, but the contrary, the IMF wants to emphasize that the Iraqi government does not affect these expenses.
Roudao: What is expected to be granted by the International Monetary Fund for Iraq in 2016 amount?
Keywords: Iraq is expected to happen this year at $ 7 billion, or more than that, at present there are international approach to support Iraq, They are determine these amounts based on the accounts relating to Walkers financial situation, and may be moving in the circumstances, but in principle in the next two years could be that Iraq gets $ 15 billion, and these amounts can say that they have become almost certain.
Roudao: Are there any plans to give a portion of the loans to the Kurdistan Region?
Keywords: agreement, which happened with the Kurdistan Region within the state budget, is to take the region of 17% of total expenditures, so these loans and get it Iraq, as well as bonds, are included in it, because this total expenditure by Iraq, originally came from these loans and certainly the region's share exist, because Iraq whenever the amount spent is the region's share of 17%, and if Iraq got the loans and grants for the purposes of spending, when it's share of the Kurdistan region to be 17% of the total spending.
rcookie says():Roudao: Do you expect to reach the Kurdistan Regional Government to deal with the Iraqi government on the public budget?
Keywords: I got in the recent period some contacts mission between the Kurdistan Regional Government, the federal government, and there is a tendency and desire to solve problems related to, but recent political circumstances had a negative impact on the continuation of the negotiations, and we hope in the coming days to resume talks between the federal government and the Kurdistan Regional Government, and to reach an agreement satisfactory to both parties.
Roudao: How would you describe the relations between the Kurdistan Regional Government and the Iraqi government in the economic field, and what is the level of your dealings with the banks of the Kurdistan Region?
Keywords: central bank being meetings with the Kurdistan Regional Government at a very high level, in order to be the central bank's real role in the region, including helping to found the banking sector development and support of financial institutions, and provides a legal, financial, and regulatory and supervisory cover is very important,
and this hurt mainly the first is in the interest of the Kurdistan region, nor can any geographical area that the banks operate without there being a central bank have linked the presence of these banks, and can deal through it.
Roudao: Do you confess banks in the territory of Kurdistan and do you consider within the branches of the Central Bank?
Keywords: branches found within the territory of Kurdistan present their situation does not represent a part or a branch of the Central Bank of Iraq, and this confuses the work and does not help the region that provides the proper framework for the briefing to operate the banking and financial institutions in the Kurdistan region,
so we had talks with the Prime Minister of the Kurdistan Region, Nechirvan Barzani, and we agreed that there is a real central bank in the Kurdistan region, and to be part of the Central Bank of Iraq, and has all the requirements and specifications, currently we do the detailed procedures relating to this trend.
sassy says():rcookie so the Kurds are getting the 17% they have been requesting for yrs?
rcookie says():SO KEYWORDS IN ADDITION TO ANNOUNCING AGREEMENT OF CENTRAL BANK IN ERBIL AS WELL AS KURDS RIGHT TO 17% OF SBA LOANS...ANSWERS FOLLOWING QUESTIONS...
WHAT IS ROLE OF CENTRAL BANK IN SOLVING CURRENT ECONOMIC CRISIS...IS CENTRAL BANK DRAW DOWN ON RESERVES AT THE MOMENT...
IS CBI PUTTING UP SECURITIES (BONDS) TO OBTAIN FINANCIN TO BRIDGE BUDGET DEFICIT...DOES HE HAVE PLANS TO PUT UP GLOBAL BONDS IN GLOBAL MARKETS IN FUTURE...
WHAT IS REASON FOR IQD INSTABILITY...SBA LOAN STATUS REPORT....WHAT IS THE EXPECTED 2016 SBA LOAN AMOUNT....ARE THERE PLANS TO GIVE KURDS A PORTION OF SBA LOAN...
DO YOU EXPECT KURDS TO DEAL WITH GOI ON THE PUBLIC BUDGET...HOW DOES HE DESCRIBE THE ECONOMIC RELATIONSHIP BETWEEN KUDS AND GOI AND RELATIONSHIP DEALING WITH KURD BANKS...
rcookie says to sassy():YES....AND ARE BUDGETED FOR THEIR SHARE IN EXISTING 2016 BUDGET....THE REGIONS ALL GET THEIR OIL & GAS...AND CUSTOMS BORDER REVENUE PERCENTAGES....BASRA JUST GOT 130 BILLION DINARS YESTERDAY FOR PORTS AND BORDER CUSTOMS FEES....
rcookie says):THAT IS HIS 2ND PUBLIC INTERVIEW IN AS MANY WEEKS.........
rcookie says():AND HAS OFFERED INCREDIBLE INSIGHT TO THE CBI STRATEGIES..POLICIES AND ACTIONS....VERY TRANSPARENTLY...
sassy says():rcookie something is up withh him being so vocal. I hope
rcookie says():HE HAS CALLED OUT THE ECONOMICALLY & FINANCIALLY ILLITERATE POLITICANS AND MEDIA ON THE DANGEROUS MISINFORMATION AND PROPOGANDA STATEMENTS TO PUBLIC WHICH CONFUSES THE MARKET & PUBLIC....
rcookie says():COMPLETELY CLARIFED THE ROLE OF CBI...ITS PURPOSE & RESPONSIBILITY...WHAT ITS MEANT DO DO AND WHAT IT IS NOT...AND ACTUALLY ILLEGAL TO DO...
rcookie says():YVW!!....WOW WHAT A MORNING OF NEWS....AND JUST GETTING STARTED...