Post From Dinar Updates
Chat Room Excerpts & Highlights
Dinar Updates Saturday PM Chat 7-16-16 Part 2 of 3
rcookie says():Banks tend to calculate the capital buffer they hold by simply extrapolating figures from previous events, instead of using a forecast risk profile. The ICAAP should clearly distinguish between a company’s regulatory capital, its actual capital, and the capital it needs to hold for business purposes.
Using a newly developed ICAAP should provide firms with the best capital buffer required, and the best level of funds from stockholders. Risks are often considered by a bank, yet are not always reflected in strategic options and capital planning. ICAAP requires stress and scenario analysis to demonstrate risks at an enterprise level.
Bookumdano says to rcookie():Now I see it is all about risk.
rcookie says():Firm managers must show that ICAAP is an integral part of its processes and demonstrate that senior management both supports and is engaged in the ICAAP. In addition, companies need to explain in detail how they will use the ICAAP as they move forward and how key risk indicators and economic capital indicators/assumptions can be updated and presented to the board of directors when required. ICAAP is still in its early stages--
companies are being encouraged to embrace the process for the sake of their business rather than for purposes of regulation. Management should understand the positive benefits and strive, through ICAAP, to make the business more efficient and less risky.
rcookie says():NOW.......NOT TO BEAT A DEAD HORSE......BUT......AGAIN.....THE RECRUITMENT... ACQUISITION AND RETENTION OF FORIGN INVESTMENT AND BUSINESS INTO IRAQ WAS POSSIBLE WITHOUT THESE TYPES OF FINANCIAL AND ECONOMIC UNDERPINNINGS....1 YEAR...3 YEARS...5 YEARS AGO EXACTLY HOW.........LOL
rcookie says():JUST A HINT........THEY WERENT....NOT EVER.....EVER...EVER.......
watson1 says to rcookie():(y)
david334 says():Impressive sets of banking regulations and controls. Is the MOF the responsible ministry?
david334 says():or the CBI?
rcookie says():5HE ENTIRE BANKING SECTOR..
rcookie says():THIS WILL BE ALL OVER DINARLAND.....
Dinarian1 says():Next month LOL
rcookie says():THEY ARE JUST CATCHING ON TO THE LOI....
rcookie says():SO CUTE.....
david334 says():Seems this really addresses monatary reform and puts to rest any question of commitment to a modern financial sysytem.
diane1 says():does anyone know who is currency365 just curious i found this video with Chisten LaGuarde saying that Iraq is back on track and saying my end of JULY 2016 will be back on the Global Market per IMF. https://www.youtube.com/watch?v=VhjbzZqsNJk
rcookie says():AND THE CAPIAL ADEQUACY RATIO ASSESSMENT IS IN LOI AND CBI STRATEGIC PLAN....
david334 says():Amazing accomplishments with all the choas going on around them.
david334 says():Its such a tight, technical banking framework that probably only exists in a a handful of economies x G7
Dave says to diane1():Don't listen to them currency 365 is full of BS
diane1 says():all the choas in the world the economy of the world never stops. I must say when the twin towers fell in my home town i thought the world had come to an end.
rcookie says():THE MAJORITY OF STATEMENTS AND DATA IN THAT VIDEO ARE FALSE.....5 YEAR PLAN.....
diane1 says to Dinar Dave():thank you cookie.
rcookie says():Parliament holds its sessions every day of the week to complete the Karrada bombing investigation
Publishing Date: Sat, 16 Jul 2016 14:04:56 | Views: 59
Bgdad_abar today Announced the decision of the House of Representatives MP Imad Youkhana, Saturday, for the determination of the Council held meetings throughout the days of this week, pointing out that the hearings will include the completion of the bombing of Baghdad's Karrada investigations.
Said Youkhana in an interview with the news agency today, "according to the directives of the Presidency of the Council of Representatives, the Council will hold its meetings on an ongoing basis starting on Sunday until next Thursday," noting that "the decision was made to make up for the last period in which the parliament was interrupted because of the legislative recess, as well as holiday last week".
Youkhana added that "one of the paragraphs that will be included in the realization of the meetings this week schedule completion of the investigation blew the Karrada district, and other important issues."
rcookie says():SO....PARLIAMENT MEETING EVERYDAY TOMORROW THROUGH THURDSDAY...
david334 says to rcookie():Thanks for your great work rcookie. It is easy to lose hope and hard data and research keeps you balanced
rcookie says():Sat, 16 Jul 2016 14:06:40 Ministerial Council for National Security will hold an emergency meeting chaired by Prime Minister General Commander of the Armed Forces, Dr. Haider al-Abadi
Ministerial Council for National Security held an emergency meeting under the chairmanship of Prime Minister and Commander in Chief of the Armed Forces, Dr. Haider al-Abadi to discuss the situation in the Republic of Turkey.
At a time when the Council underlines its respect for constitutional institutions in any country, including neighboring Turkey and respect the will of its citizens and their rights, the Council stressed that Iraq's commitment to the fundamentals of good neighborliness and to ensure good relations with Turkey and non-interference in the internal affairs,
referring to the need to adhere to building bilateral relations between the two countries on the basis of respect for sovereignty and non-interference in the affairs of both countries down to a relationship of mutual respect and secure the interests of the two countries in various fields.
Ministerial Council for National Security has wished stability for Turkey and its people to spare bloodshed
rcookie says to david334():YVW...
rcookie says to david334():PLANNING ANNOUNCES IRAQS POPULATION AT 36 MILLION........
david334 says to rcookie():That is a large workforce that can support a big economy. Unique opportunity.
rcookie says():AGREED.....AND IN NON OIL SECTORS.....AND MORE ENGAGEMENT OF THESE LARGER AGRICULTURAL AND INDUSTRIAL LOANS....... FISH FARMING.....SHRIMP.....
david334 says to rcookie():Iraq development as a diversified tightly regulated democratic econmy is so important for the ME and all of us. I hope the G7 keeps their eyes glued on the country
rcookie says():57% OF THAT NEWLY ANNOUNCED POPULATION OF 36 MILLION ARE OF WORKING AGE......
david334 says to rcookie():thats a great demogrphic and asset. I am guessing that on balance it is a fairly literate population versus the emerging country indicies Even BRICs have huge rural populations that lack the basic skills..
Holly1 says():Confirmed that the threshold of the Holy Hosseinieh activating the memorandum of understanding signed with the special creation of Imam Hussein , China airport (p international) will be during the next two months.
Media threshold Hosseinieh Haider salami director said «morning» that a delegation of the threshold Husseinia and body National Investment recently signed a memorandum of understanding in China in order to begin the implementation of Imam Hussein Airport project (p international) in Karbala,
Holly1 says():which was previously carried out his designs a French company at a cost of more than to $ 43 million. He explained that the memorandum states paragraphs on the China 's implementation of whole project without paying the Iraqi side , any amount, as it bore Chinese companies 15 percent of the cost of the project with the Chinese banks to cover the remainder which is 85 percent, pointing to the activation of this note during the next two months.
Holly1 says():For his part, chairman of the oversight committee on investment in the provincial council Zuhair Abu Dakka said «morning»: that one of the French companies completed the project schemes, but no sign of implementation held so far , in spite of the assignment of the Ministry of the project transport company ( the bounties grandsons) of Holy threshold Husseiniya , which in turn contracted with a specialist to complete the project of global companies.
Holly1 says():Lake information =Turkey in a few years has moved from respectively 98 to 16 worldwide ranking as a major economic side of it paid all its debts, but was able to lend money to the World Bank
rcookie says():IMF: The Government of Iraq will freeze hiring and salary increases and impose duties on electricity to Aziadh revenue (details)
16-07-2016 04:22 PM Hits: 4103 Orbit News - Publication of the International Monetary Fund memorandum issued by the Iraqi government , which has vowed to "apply the hiring freeze policy in most sectors , and increase pensions (salaries) and charging for electricity in order to increase revenues."
The memorandum added that "economic activity for Iraq shrank by 2.4 percent in 2015 , " expected " to grow by 10.3 percent in the current year."
She pointed out that "Iraq will cut spending in the non - oil budget in 2016 by 15 percent and Sestdan billions of dollars in light of falling oil prices more than expected."
The government said in a letter to the sender of the International Monetary Fund in June to apply for a loan under the demand that it "now expects to reduce the deficit to $ 4.9 billion in 2016 and then to $ 13.2 billion during the period 2017-2019."
She noted that "other sources of funding to fill this year 's deficit may include loans worth more than two billion dollars from the World Bank participate in the guaranteed France, Britain, Canada and loans worth more than three billion dollars from the United States and other lenders."
The government also said the International Monetary Fund , according to the note that he is committed to "pay - out" of receivables overdue for international oil companies by the end of 2016, and estimated the arrears in the past year , billions of dollars.
The IMF agreed recently on loan demand, allowing Iraq to get first payment of $ 1.9 billion.
The government plans to withdraw from its foreign exchange reserves over the next few years to help support this funding, and expects that reserves fall to $ 31.5 billion in 2020 from $ 59 billion in October last year.
j10000 says to rcookie():howwzer.............half that would be great
Dinarian1 says to rcookie():Thats crazy numbers!!
rcookie says):YOU THINK THAEY MIGHT BE IN ON THE BASRA...KARBALA..KURDISTAN...BABYLON... MUTHANNA INT'L INVESTMENT THAT HAS BEEN BEING CUED UP......
Dinarian1 says():Maybe...just maybe.
Dinarian1 says():There are soooo many angles to all of this.... so very intricate and exciting to watch it all develop.
rcookie says():Finance Minister flees to Sweden because of pressure from the Sadrist movement around the Contracting
Sat, 16 Jul 2016 11:15:05 Views: 5368 Observer news / Baghdad A senior source revealed, for escape and Water Resources Minister Mohsen bird to Sweden after being subjected to pressure from the Sadrist movement on construction projects.
The source said in a press statement, the Minister of Water Resources Mohsen bird escaped yesterday, with his family to Sweden because of being pressured by the Sadrist movement for not forwarded some construction projects of the subsidiaries of the stream.
The source, who asked not to be named, said the minister did not specify a date for his return to Iraq.
rcookie says():DOUG SOLOMAN ANNOUNCED AS NEW US AMBASSADOR TO IRAQ REPLACING STUART JONES...OFFICIALLY...
rcookie says():16-07-2016 03:00 PM The arrival of oil trucks will be distributed to citizens for the first time, government-subsidized prices in Anbar
Announced in the Anbar provincial council member, on Saturday, the arrival of several trucks loaded with oil derivatives to the liberated areas.
He said that "the mobilization of fuel in the liberated areas in Amiriya and Khalidiya gray, gray, modern stations and other areas witnessed the arrival of trucks loaded with oil derivatives to be distributed to civilians at subsidized prices from the federal government for the first time after the control of the security forces and retaining them at the entrances and exits of these areas, which are subject to government control Federal ".
"The arrival of oil products to the liberated areas to address the shortfall and the elimination of scarcity will contribute to the return of displaced families to inhabit areas."
He also explained that "the security forces and chock have secured all roads and provide security protection crisis to the owners of the trucks in a move that aims to re-work the fleet transfer of oil derivatives from Baghdad, Babil, Karbala and down to the western Anbar province, which was interrupted by the control of criminal elements Daash gangs on the main and branch roads that this connects the provinces of Anbar province. "
And scoffed at government agencies concerned with all the financial and human resources in order to bring life to the liberated areas in Anbar, and to facilitate the return of displaced persons to their home areas.
rcookie says():SO LIBERATED AREAS SEEING MORE SIGNS OF STABILIZATION.....GOTTA LOVE THAT WORD!!!
rcookie says():16/07/2016 13:28 Cham Wings Airlines launched its first flight to Basra in Iraq
Cham Wings Airlines launched its first flight from Damascus International Airport to the province of Basra in Iraq.
And the commercial director of the company Nizar Suleiman that the company will run one flight a week to "Basra" Airport aimed at Syrian expatriates service and enable them to communicate with the world via the direct line and at the lowest possible cost, pointing out that the number of flights can be increased depending on the need of the market.
Solomon pointed out that the company's management will add a shipping service to transport passengers in addition to enhance trade exchange and increasing exports movement between Syria and Iraq.
The Sham Wings operates flights to Baghdad and Najaf, Beirut, Kuwait, Doha, Dubai, Istanbul, Khartoum, Tehran and Muscat in addition to internal flights to Qamishli.
sassy says():rcookie all sounds great. Thank you for all the news
rcookie says():Parliamentary Health calls for an investment of the international loan to complete the six hospitals reached advanced stages of completion
Author: HH, MK Editor: BK, HH 07/16/2016 12:09 Number of Views: 147 Long-Presse / Baghdad The Commission on Health and Environment in Parliament in the House of Representatives, on Saturday, the Ministry of Health to invest IMF loan to give priority to the completion of six hospitals in five provinces of central and southern arrived in working out advanced stages, while confirming that the delayed opening would lead to "significant losses" that the life span Special devices imported two years is estimated at five years.
He said the Health and Environment Committee member of the Parliamentary Salih al-Hasnawi said in an interview to the (long-Presse), said that there were "six hospitals in the provinces of Karbala, Najaf and Dhi Qar, Maysan and Babylon accommodate 500 beds delayed completion after arriving in advanced stages due to the financial crisis," noting that "the IMF loan will accelerate the opening of the hospital. "
He Hasnawi, that "the proportion of the hospital that are held in Hilla achievement, (100 km south of Baghdad), as much as 95% and those that take place in Karbala (108 km south of Baghdad), to 90%, the same percentage, where he arrived the hospital project in Najaf (160 km) south of Baghdad,
while the percentage completion of the remaining hospitals to 80%, "adding that" any delay in the opening of those hospitals will lead to significant losses, especially to their own devices imported two years ago, and its useful life is estimated to five years. " .
He Hasnawi, a former minister of health, that "the Commission will meet with the Minister of Health Adila Mahmud urging them to give priority to the completion of these hospitals after the approval of IMF loan before the House of Representatives,"
pointing out that there are "other projects, long-term, such as those concerned with the prevention of disability Thalassemia and family medicine, health and homes in villages and rural areas. "
The financial advisor to the Prime Minister and the appearance of Mohammed Saleh revealed, in (27 May 2016), for Iraq, for "financial umbrella" international convergence of twenty billion dollars, as a result of its agreement with the International Monetary Fund.
Iraq has suffered from foot hospitals and overcrowding as well as the scarcity of Balachtsasian, which forced him to seek other new building, but the financial crisis has brought to a halt projects.