Post From Dinar Updates
Chat Room Excerpts & Highlights
Dinar Updates Saturday AM Chat 9-17-16
wickedwitch1 says():Can I ask a couple of questionns here about Iraq Parliament?
DIGIman1 says():you could try.....its still kinda early....
wickedwitch1 says():Our workweek here is primarily M-F. What is there work week?
DIGIman1 says():sunday to friday
DIGIman1 says():off fri/sat
wickedwitch1 says():OK....there just seems to be a lot more aticles coming out today and I was confused.
BGG says():Here's an article from a couple of days ago...
BGG says():Saleh: Iraq has implemented all the conditions of the International Monetary Fund!
BGG says():BAGHDAD / News Network Iraq declared Prime Minister adviser on fiscal policies, the appearance of Mohammed Saleh on Thursday, for an end to Iraq 's own commitments first phase of the Stand -By agreement with the International Monetary Fund of several stages include 13 commitment by which it agreed to grant Iraq a financial loan $ 5.3 billion.
concluded Iraq and the international Monetary Fund in May / May last deal after meeting for several days held in the Jordanian capital Amman to grant Iraq a financial loan of 5.3 billion dollars with an interest rate of up to 1.5%, acknowledges Iraq share an initial value of $ 634 million in July / last June, said adviser to the Iraqi prime minister for financial policy,
the appearance of Mohammed Saleh, in a press statement today: " the first phase of the standby credit agreement with the international Monetary Fund included several reform requirements of the Iraqi economy, and performance standards, and financial management reform, reform.
some laws, procedures for restructuring the general budget, and maintain the central bank 's reserves, all of Iraq 's commitment to them. "
Saleh added that" the willingness of credit with the international Monetary Fund by which it agreed to grant Iraq a financial loan of $ 5.3 billion agreement, includes 13 consultation or obligation , Iraq and the international Monetary Fund , they finished the first review, there will be future revisions in early October in Washington."
Iraq 's chief financial officer , and continued that" after each audit is released part of a financial loan to Iraq in accordance with the agreement, and we expect that Iraq has received the second installment of the financial loan next month (without revealing its value).
for his part, expressed the international Monetary Fund, on Wednesday, thanked the Iraqi authorities to" good cooperation with him and discussions frank and fruitful during the first review of the agreement to prepare the credit, which has in the Jordanian capital Amman recent meetings. "
The Iraqi government acknowledged the end of last month, the country 's budget for next year by 102 trillion dinars (about US $ 85 billion), to begin a new phase of internal and external negotiations may be more complicated on how to secure the fiscal deficit which stood at 30% of the total budget.
BGG says():Interesting to hear this kind of bluster from Saleh...We haven't seen the absolute proof - but sounds like they are headed the right direction.
Okie Dinar says to BGG():Great article! Thank you! :)
subgirl says():you all need to see this:
subgirl says():from 1 bobby :) Britain pledges to help Iraq to overcome the financial challenges and create jobs
2016/9/17 17:22[Oan- Baghdad]Britain pledged to help Iraq to overcome the financial challenges and create jobs and encourage investment.
A statement by the Iraqi Foreign Ministry received by all of Iraq [where] a copy of it, that "the Foreign Minister Ibrahim al-Jaafari met British Minister of State for International Development, Rory Stewart in London, and discussed a number of important issues, especially the return of displaced families to inhabit areas after its liberation from gangs Daesh terrorist. "
Jaafari said because of the statement, that "Iraq needs the support of Britain and help them through the reconstruction of liberated areas to ensure the return of displaced people to it, provinces are hosting displaced people need help; because they suffer from a financial crisis."
Called "the British government to contribute to solving the financial problems that hinder investment in Iraq through the development of the Iraqi banking system, training and technical assistance to improve financial management," adding that "micro-enterprise lending to the unemployed, which was established by the Iraqi government is not sufficient body needs more support and funding. "
For his part, British Minister of State for International Development, Rory Stewart, according to the statement that "the British government will implement its commitments to Iraq to help them overcome the challenges, and it is keen to invest in Iraq and creating jobs to become British attractive environment for investment."
Read More http://www.dinarupdates.com/showthread.php?41057-Britain-pledges-to-help-Iraq-to-overcome-the-financial-challenges-and-create-jobs
subgirl says():that is great stuff!!! :)
subgirl says():Britain is getting a piece of Iraq!!!WOW!!
subgirl says():they pledged to help Iraq to overcome the financial challenges AND create jobs!!!! WOW!
subgirl says():"the British government will implement its commitments to Iraq to help them overcome the challenges, and it is keen to invest in Iraq and creating jobs to become British attractive environment for investment."
subgirl says():implement and investments!!! gotta love those 2 words...
subgirl says():very nice!!!!
subgirl says():Dollar at highest level two weeks
17/9/2016 11:05 [Where - Follow - up] dollar hit its highest level in more than two weeks against a basket of major currencies on Friday after inflation data reinforced in the United States , raising the prospects of US interest rates in December, the dollar touched its highest level in a month against the British pound.
The dollar index , which tracks the performance of the greenback against a basket of six major currencies 0.8 percent to 96.063.
The European single currency recorded its lowest level in ten days against the US counterpart at $ 1.1149 per euro, at a time when record dollar the highest level in two weeks against the Swiss franc at 0.9817 francs.
the dollar rose 0.25 percent only in the latest reading against the yen to 102.35 yen before the monetary policy Committee of the Central Bank of Japan meeting on 21 and September 22.
headed the dollar index to the best week in three weeks , recording an increase of 0.8 percent , but the US currency is also headed to the recording second weekly loss in a row against the yen by about 0.3 percent.
Read More http://www.dinarupdates.com/showthread.php?41063-Dollar-at-highest-level-two-weeks-17-9-2016
subgirl says():Abadi to visit America next week and meet with Barack Obama
17/9/2016 9:25 [Where - Follow - up] White House announced Saturday that President Barack Obama will meet with Prime Minister Haider al - Abadi next week.
He said deputy national security adviser to the White House Ben Rhodes told reporters, Obama will hold separate meetings on the annual meetings of the General Assembly of the United Nations the sidelines of next week with Iraqi Prime Minister Haider al - Abadi and Nigerian President Mohammed Bukhari and Colombian President Juan Manuel Santos.
He said Ben Rhodes, said that it is not expected Obama meets Philippine President Rodrigo Dottirta, and canceled a White House meeting with Dottirta during a trip to Obama to Laos recently after Dottirta insulted. "
Read More : http://www.dinarupdates.com/showthread.php?41065-Abadi-to-visit-America-next-week-and-meet-with-Barack-Obama-17-9-2016
tman23 says():There were two committees set up within the Iraqi government for the deleting of the three zeros. The Parliamentary Economic Committee and the Parliamentary Finance Committee.
Back in 2012 the economic committee thought was deleting the 3 zeros would strenghten the dinar, the finance committee was concerned about money laundering and counterfeiting....
Both of these committees need to be in agreement before the lifting of the 3 zeros...
Recall November 2014 Jabouri (Parliament) hosted the CBI governor (Moshen Alak) questioning why the CBI had not removed the 3 zeros....Recall March 2015 the CBI announced the green light to begin the process to remove the 3 zeros...(committees in agreement)...
The Banks in Iraq have gone through a major audit and reform with Ernest and Young finishing up with the two largest state banks in Iraq before this November 2016.....
Recall 2012 the Securities Exchange in Baghdad had a problem with the CBI and their new currency plan interfering with the value of the price of stock.... as we have read, the ISX went through reforms also which were completed this September 2016....
REFORMING THE MANAGEMENT OF BANKS IN IRAQ IS TO REFORM THE MANAGEMENT OF THE IRAQ CURRENCY....... THE NEW CURRENCY MUST COME FIRST AS A PRELUDE (as stated by the CBI).... ..........
The 100 (000) note the CBI spoke of a few weeks ago...... ON THE DU BLOG... (Not talking about 100k dinar)The source, who not to be named, said, “The Central Bank does not deal with that group, and that the highest category in the dollar coin is ($ 100),
so the Central Bank does not deal with that category one million dollars because that does not exist.”.....
Iraqi market news (RUMORS) for the currency of the category ... (1) million ....people exchanged presence (RUMOR IN CONVERSATIONS) as part of a new currency will be worked out in the country.
CITIZENS DO NOT EXACTLY WHAT IS COMING AND ARE CONFUSED....... THIS SUBJECT WILL GET WHITE HOT COME 9/28 -10/6......
Read More :http://www.dinarupdates.com/showthread.php?41032-Saturday-September-17-2016