Post From Dinar Updates
Chat Room Excerpts & Highlights
Dinar Updates Saturday Chat 10-01-16 Part 2 of 2
rcookie says():01-10-2016 03:49 PM I have directed the House of Representatives to interrogate any official found to be involved and shortcomings in the executive office management
MP for the National Alliance, Ali Faisal al-Fayad, on Saturday, with the direction of the House of Representatives about hosting any government official to prove negligence.
Fayad said in a statement that 'the House of Representatives headed for hosting and interrogate any official found to be involved and shortcomings in the executive office management', stressing 'the existence of a set of observations on a number of executives will be questioned in the case files have been completed.'
He explained that the 'parliamentary committees working on fault diagnosis and holding accountable those who do not lead properly and used his position for personal or partisan'.
He said Parliament Speaker Salim al-Jubouri earlier in the House of Representatives for the current methodology CAC, which will focus on hold negligent and legislation important laws.
rcookie says():Ebadi: I am not "Superman" So do I manage several ministries vacant at the same time
01-10-2016 04:25 PM Prime Minister Haider al-Abadi said during a press conference held after the meeting in the presence of the National Alliance boss Ammar al-Hakim, and a number of heads of blocs internalized it.
He was not even Superman. He directs several ministries at the same time, declaring his intention to submit its candidates to fill the vacancy. –
See more at: http://translate.google.com/translate?depth=2&hl=en&prev=search&rurl=translate.google.com&sl=ar&u=http://www.dijlah.tv/index.php%3Fpage%3Darticle%26id%3D192045#sthash.7YxPoeGt.dpuf
rcookie says():READ WELL............
Rcookie says():First Published: 2016-10-01
US Congress frustrates the recovery of the Iraqi economy plans
Republicans reject the grant of security to the Iraqi bonds, the view from the United States because of the frustration of the penetration of corruption and control of Iran and the marginalization of the year.
Middle East Online Washington disappoint the expectations of Baghdad
WASHINGTON - Iraq thwarted plans to raise two billion dollars from the global debt markets this week to fill the budget caused by lower oil prices gap after the US Congress refused to guarantee half the value of the bonds.
Iraq had said it is seeking to issue bonds worth one billion US dollars guaranteed in full in order to reduce debt costs before other bonds issued one billion dollars as part of the 2017 budget, which enjoys the support of the International Monetary Fund.
These funds will complement the agreement with the International Monetary Fund for a loan worth $ 5.34 billion over three years, which the Fund has agreed in July in exchange for economic reforms. Baghdad hopes that the agreement opens the door to get more than $ 12 billion in additional aid from other sources such as the World Bank and the Group of Seven major industrial countries.
He acknowledged the Western Allies of the importance of the need to protect the fragile economy of one of the most important Organization of Petroleum Exporting Countries members (OPEC) from collapse, which could threaten to undermine the military gains made by the Iraqi forces and the international coalition that the United States led to the organization of the Islamic State militant. These forces seek to regain control of the city of Mosul, a stronghold for militants later this month.
US President Barack Obama's administration requested that the guarantee granted under the "Extended Resolution" - a temporary legislation that would allow the US government to continue its work until the approval of the more permanent decisions regarding spending - but not yet to respond to this request in the final version passed by Congress Wednesday.
Lawmakers said they sought to remove the side issues outside the spending bill to ensure into force before the start of the new fiscal year, which begins Saturday.
He said the appearance in favor of a financial advisor to Iraqi Prime Minister Haider al-Abadi, which has had a close role in the issue of bonds and another source familiar with the matter said Republicans in Congress caused the failure to grant security for the bonds, but did not mention further details.
And have a Republican majority in both the House and Senate, but it was unclear if they have a specific objection to pump more money for Iraq, which has already received billions of dollars from Washington in the form of economic and humanitarian military aid since the invasion, the US-led invasion to topple Saddam Hussein in 2003.
And feel a lot of members of Congress, frustrated by the Iraqi government. They fear that the United States sent a lot of money to Baghdad without achieving sufficient results due to corruption and inefficiency.
Many also believe that the Iraqi government is very close to Iran and angry Shiite leaders to marginalize the Sunni minority.
Is still possible grant of security to the Iraqi debt securities in the spending bill must be passed to allow the government the freedom to work after the ninth of December, the day on which the application expires temporary spending bill.
MrsBGG says():There server is under maintenance ....
rcookie says():US CONGRESS BETTER GET THEIR ACT TOGETHER!!.....
rcookie says():WHAT DID SHBIBI IDENTIFY AS MOST IMPORTANT FACTOR IN MONETARY REFORM....
rcookie says():OK THEN...
(Recaps Note:: There were server problems with the chatroom)
larrykn says():Oil price rises to $ 50 a barrel
Views 45 Date 01/10/2016 - 16:15 Economy News / Continue ...
Oil prices climbed more than 1%, and Brent approached $ 50 a barrel, supported by optimism the first agreement of the Organization of the Petroleum Exporting Countries (OPEC) in the eight years to cut production.
And increased global London Brent crude 55 cents or 1.1% to settle at 49.24 dollars a barrel.
And increased crude West Texas Intermediate US 78 cents or 1.7% to settle at US $ 47.83 a barrel in trading Thursday in global markets.
Since the announcement of "OPEC" agreement Brent climbed about 7% US crude rose about 8% at the top of the rise over the past two days in April / April.
It agreed "OPEC" at its meeting in Algeria, on Wednesday, to cut production to between 32.5 million and 33 million barrels a day from about 33.5 million barrels now, according to expert estimates.
She said, "OPEC" The other details of the plan will be announced at the regular meeting of the organization in November next year.
Read More : http://www.dinarupdates.com/showthread.php?41911-Oil-price-rises-to-50-a-barrel
larrykn says():and what was the budget set for on the price of oil,,, good news for Iraq :)
larrykn says(): CBI solid steps in achieving development goals
Views 18 Date 01/10/2016 - 16:25 Banking expert
That central banks in the countries are entities Mallet of sovereign sober and independent in carrying out its tasks and policies of cash which oversees and monitors the banking sector is Almstcharalmala the government and the Central Bank of Iraq, his role was fundamental in the process economic conditions in the administration of Iraq after the change in 2003 through his handling of monetary policy
and achieve its objectives in terms Over Iraq during the years (2003-2016) an important stage in its economic system since the beginning of the change included new applications for economic construction depends build introductions transition from the philosophy and strategies of the central economic system in the management of the economy to the philosophy and strategies and mechanisms of a market economy.
The most important hallmark of this stage is the pilot exercise and assumptions that economic policies that rely primarily on the experiences of countries preceded us in the application of market economy mechanisms without relying on the fundamental economic underpinnings for this transition, as confirmed all the studies and reports issued by the World Bank and the International Monetary Fund.
The confusion of vision and lack of coordination between fiscal and monetary policies and different economic policies and the lack of clarity in the economic approach of the new building of the economy contributed to a clear contribution to the dispersion of applications in the monetary policy and the different visions and strategies to reach the central objectives set, in addition to the lack of some of the legislative environment materials of economic laws that govern economic process, which led to turmoil in the application .
ala that the Iraqi Central Bank and the banking sector's footsteps steps big evolution toward transition from Sairafi activity to development activity since the issuance of the laws governing the banking business in 2004 and the issuance of central bank law 56 of 2004, great achievements have been made in the field reduction of hyperinflation, which was suffered by Iraq and its access to good rates for the year 2016 amounted to 2 percent
As data and financial indicators suggest that the Iraqi Central Bank was able to maintain for several years until the present time the Iraqi dinar exchange rate against the US dollar in a balanced way in spite of fluctuation and variation up and down depending on the economic conditions difficult financial and economic crisis due to the decline in Asaralinvt and the war on terrorism and speculation that occur in the markets.
Read More : http://www.dinarupdates.com/showthread.php?41910-CBI-solid-
larrykn says(): Where he notes that the intervention
The daily Iraqi Central Bank to manage the sale and purchase of foreign currency in the light of the details of monetary policy which has been adopted since (10/04/2003) Despite the criticisms and observations many of the exports are really made a significant contribution in maintaining monetary stability and face any amounts needed by the market for the purpose of trade finance sector and the private meeting the needs of the Ministry of Finance local currency.
To Musbandhhzh criticism of the Bank issued instructions and controls and tried to seize control on the violations that occur review daily and follow-up of the money laundering offices in the bank and in the banking and oversight proactive electronic as Asdragira money laundering guide Takeda to adjust the application of Money Laundering Act and the new anti-terrorism,
in addition to continuing his thinking to adopt a style of documentary credits and their replacement gradually instead of the current approach to control the movement of foreign currency and the reduction of disposition other than economic targets set for the application of monetary policy.
Since the deal the buying and selling of foreign currency is one of the largest open market operations to control the levels of domestic liquidity and put surplus cash in the safe in the general budget and tracks consumer spending.
As the Iraqi Central Bank maintained in 2016 to stabilize the Iraqi dinar exchange rate against the US dollar on the parallel market up (1290) dinars per dollar, as recorded in 2012 to 2015 at rates ranging from (2230-2250) dinars per Dolarma knowing that the central bank may Keep the official price of daily transactions at fixed an economist's a good sign that the stability of the exchange rate during these years, despite the difficult economic conditions experienced by Iraq during 2014 and 2015
and is still going on because of the sudden drop world oil prices by more (65 percent) compared to price levels in 2014 and the lack of security and stability and the war on terrorism and speculation in the currency market, but he kept his up and down balanced rates,
and we expect to return to a normal level, especially after the relative improvement in global oil prices and increased volumes of oil for marketing purposes and the application of the new mechanism adopted by the Central Bank of Iraq 2017.
The CBI also managed to retain foreign cash reserves up to $ 50 billion because of falling world oil prices and the conditions of economic recession. However, the form of Secretary of the Iraqi dinar cover of Commerce and to cover up a six-month period and is globally certified standard rate
This marks a clear fact that the CBI has been able efforts and clear over the past two years to boost the tally of foreign exchange in the bank lockers in foreign banks and reserves of gold in Baghdad and abroad well commensurate with the oil prices and developments on the local and regional scene.
larrykn says(): It must be noted here that the big role played by the Iraqi banking system as a tool of monetary policy implemented by planned by and oversees the implementation of the Central Bank of Iraq, which constitutes the basic wheel in the financing and management process of economic development and attracting investment Iraqi, Arab and foreign.
Despite what indicated by studies and official reports issued by international organizations and the Central Bank of Iraq that the Iraqi banking sector because of the challenges faced by not contributing requested contribution to the economic development over the past above despite its evolution rates growing since 2003 until 2014, in terms of total assets and capital funds and Odaiah
and its credit evolved cash granted and capital adequacy in terms of total assets developed by (8 percent) in 2014 compared to 2013 as Ttoralaytman cash granted by 28 Balmayh 2014 compared to 2013. the recorded warheads money and Alodaya increase ratios (13 Balmayh) and (23 Balmayh), respectively, a positive sign the important role played by the sector in Almsrgi sustainable development.
Content link http://www.dinarupdates.com/showthread.php?41910-CBI-solid-steps-in-achieving-development-goals
railman says():Good afternoon, If I could ask a question. Has there been ant articles or discussion about the 2% spread for IMF compliance?
Ame says to railman():IDK
railman says():I was just wondering if it was an issue
SRW says to railman():2 percent spread of what value or issue? Please enlighten me on that.
railman says():Something about the value of the usd and the dinar being 2% apart for a period of time for IMF complaince
railman says():I don't totally understand if but I knew I could get the correct answer here
larrykn says to railman():that is something that Kap always talks about, Iraq is doing everything that the IMF LOI says to do, I wouldn't worry about the spread when the time is right they will be in line, if they aren't already
Read More :http://www.dinarupdates.com/showthread.php?41874-Saturday-October-1-2016