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Dinar Updates Sunday PM Chat 10-16-16 Part 3 of 3
rcookie says():ECONOMIC & INVESTMENT REGULATIONS ENSURE LOCAL & FOREIGN INVESTOR RIGHTS SUPPORT THE DEVELOPMENT OF THE DOMESTIC INVESTMENT SECTOR ARE IMPORTANT FACTOR IN THR RETURN OF MIGRATORY CAPITAL.....
puffdragon says to rcookie():Very important statement ! (y)
rcookie says():FINANCIAL CLARITY & TRANSPARENCY HAVE ROLE IN DRIVING CONFIDENCE IN DOMESTIC & FOREIGN INVESTMENT...
rcookie says(): ENCOURAGING THE PHENOMENON OF SLOWING GLOBAL GROWTH & LOE EXTERNAL ROI AND FEARS OF FROZEN ASSETS ABROAD ABROAD TO THE SAFETY OF RETURN OF IQD........WHAT!!!!!!!
subgirl says to rcookie():(y)ABROAD TO THE SAFETY OF RETURN OF IQD........WHAT!!!!!!
subgirl says to rcookie():WOW you are on a roll! thank you so much for sharing this great news!!! WOW!
RickeyT says():so what they are saying is yur money will not be stolen, correct?
rcookie says():THEY POINT OUT THE REQUISITION OF MIGRATORY FUNDS REQUIRES APPROPRIATE INVESTMENT CLIMATE...IMPROVE ECONOMIC GROWTH RATES AND IMPROVE THE LEVEL OF EFFICIENCY OF MANAGEMENT OF ALL ECONOMIC ACTIVITY INCLUDING BUDGET DEFICIT REDUCTION AMONG OTHERS...
puffdragon says to rcookie():Sounds like they are putting the final touches on attracting that international investments, good assumption Rcookie ?
rcookie says():Finance tracks correct raise the confidence of the IMF in Iraq
17/10/2016 0:00 Oman / follow - Sabah said Christian nut, head of the IMF mission to Iraq that the latter made good progress towards the completion of the first review of the agreement to prepare the credit , which provides financial support for Iraq during the next three years.
Once you provide the additional information required and the implementation of the agreed prior actions, will be considered by the Executive Board in the first review of the agreement to prepare the credit, which is likely to be during the next two months.
the left talks IMF team with the Central Bank and Ministry of Finance and the appearance of Dr. Mohammed Saleh , the financial advisor to the Prime Minister, and a representative of the Kurdistan Regional Government for approval by the IMF Executive Board on an agreement to prepare the credit with Iraq and a $ 3.831 billion SDR (about 5.34 billion US dollars, or 230 percent of the share of Iraq) to support the government 's economic reform program. And to prepare the credit provides financial assistance to low - income countries facing balance of payments needs financing probability or short - term.
The aim of economic reform , which is supported by the standby credit agreement to meet the needs of the balance of urgent payments, and access spending to a level consistent with the decline in world oil prices, and to ensure that religion remain in the program limits can continue to afford it .
The program also includes measures to protect the poor, strengthening financial management, and to support the stability of the financial sector, curbing corruption and will require the implementation of these policies the availability of support from the international community.
And allow the Board 's approval exchange 455 million and SDR (about 634 million US dollars) to Iraq.
Iraq had happened in July 2015 on a payment equal to 891.3 million and SDR (about 1.24 billion US dollars the time of approval) through the «rapid financing instrument».
senior management of the Fund as well as completed the first and second of the program watched by experts of the Fund and approved by Ms. IMF managing Director revisions in January 12, 2016.
following the Executive Board 's decision, a statement issued by the Zhu , Deputy Director General and chairman of the Board on behalf of saying «subjected Iraqi economy seriously damaged by the double shock caused by the organization« Daesh »sharp drop attacks in world oil prices.
the statement added The government put appropriate policies to deal with the trauma. In the area of public finance, the Iraqi government to correct the large fiscal focuses mostly on reducing capital expenditures inefficient while protecting social spending, and provide funding. In the outer area, the authorities continue to peg to the US dollar, a system that allows a key pillar of the economy.
«The envisaged fiscal adjustment for the period 2016-2019 to address the appropriate correction arising from the decline in oil revenues and high spending on humanitarian and security needs pressures. But fiscal adjustment elements should be improved gradually, to allow greater and more efficient investment spending. It is necessary to conduct a comprehensive reform of the system of public financial management in order to improve fiscal discipline and raise the quality of spending. »
He said« Performing sharing the budget with the KRG to improve and the KRG federal government situation , including allowing them to cope with the shock and oil prices «Daesh» attacks agreement. »
rcookie says():Discuss economic problems between the center and the region
17/10/2016 0:00 BAGHDAD / Hussein Tgb considered round the possibility of finding logical solutions for phrase economic problems between the center and the region, which in the forefront of double taxation and Aadat private banks with the territory that has been seized , years ago table.
Table organized recently an official in the presence of the private sector overwhelmed by optimism on finding the most problems , real solutions outstanding departing from the directives of Prime Minister Haider al - Abadi after Zparth Kurdistan leader Massoud Barzani to Baghdad.
convergence and optimism head of the progress of the development policies of the center d. Mehdi al - Hafez stressed in an interview for the "morning" the importance of creating economic problems of several between the center and the region solutions and the most important of double taxation,
especially it holds a negative impact on economic reality, pointing out that the visit of the region 's president to Baghdad underlines the convergence of views and that the solution to all problems Pat possible, and this evolution serves the national economy , which is negatively affected by the decline of crude oil prices in world markets and led to a decline in the financial resources of the country.
the work of private banks to expand banking with its products and the adoption of new behaviors attract and maximize the financial deposits in their vaults after citizens in banks confidence fell due to the faltering some banks.
regarding the financial deposits in banks Kurdistan said Hafiz: these deposits have privacy may not be disposed of than anyone facets so that the state is not allowed to control the deposits, indicating that the lack of confidence of citizens in banks make 70 percent of the domestic money supply chunky in homes without any interest earned.
contain outstanding problems either an economic adviser to the Kurdistan region d. Arras Khoshnaw said there were trifles on the problem of deposits in the banks of the region and there are developments that can be described as good, which aims to contain this problem once and for all.
He noted that the development of financial deposits in the banks of the region discussed soon and convergence in the treatment of financial file create a better atmosphere than before, adding to the necessity of private banks is working to improve its image and is working to build bridges of trust with beneficiaries and provide services check the economic feasibility of the parties.
the government of the Kurdistan region and put hands on the assets of bank branches has mostly branches of large banks in Baghdad.
among Khoshnaw important that we work in collaboration with Iraqi private banks association to create a banking awareness and urge the expansion of banking products which should support information campaigns specialist.
He pointed to the need to promote private banks , technical capabilities and compete with international banks and then moving then to resettle Salaries in these banks, indicating that these sophisticated banking products that call for them to be to find internationally and regionally acceptable.
rcookie says():Critical mass of chunky turn , head of the Association of Iraqi banks private Wadih Alhntl: the deployment of banking culture is extremely important and must work to encourage to deposit in banks, indicating that the rise in the dollar exchange rate is causing a loss of monetary mass of chunky in homes.
urged to consolidate the ties of true partnership between the public and private sectors in order to achieve real economic feasibility of the various productive and service sectors, pointing out that the promotion of productive capacity of small and medium - sized enterprises require resettlement Salaries in private banks to be a real guarantor of the loan and a means pressure to the flow of money into the designated purposes.
the Erbil Stock Exchange director Sherwan Anwar Mustafa pointed out the importance of restoring confidence between the beneficiaries and the banks and the creation of the elements of a magnet for money from home to private banks, which represent deposits spirit of the banks and the basis of their work and achieve double benefit to both ends of the process,
and the success of the work of banks that represent the contribution of companies to do the work of the stock market and attract international capital to invest locally this is an economic achievement. And he demanded to be resettled Salaries in private banks within the Central Bank programs of Iraq.
rcookie says():SO....THE LAST PARAGRAPH OUTLINES THAT THE RISE IN DOLLAR EXCHANGE RATE IS CAUSING A LOSS OF MASS CHUNKY MONETARY IN HOMES.........
rcookie says():THE BASIS OF BANKS WORK REPRESENT CONTRIBUTION OF COMPANIES TO DO WORK OF THE STOCK MARKET AND ATTRACT INTERNATIONAL CAPITAL TO LOCAL INVESTMENT...
rcookie says():"Daesh" calls its elements through loudspeakers to withdraw from Mosul
Monday , October 201 617 00:57 Alsumaria News / Nineveh
According to a local source in Nineveh province, Sunday, that the organization "Daesh" elements called through loudspeakers to withdraw from the left side of the city of Mosul, to the emergence of what he called the organization the emergence of "hypocrisy in the land of the caliphate."
rcookie says():Iraqi army mobilizes to the process of the impending liberalization of Mosul
«People crowd» declares assume the task «attribution» in the battle
Oct 17, 2016 Mosul London «Quds Al-Arabi» of Mustafa al-Obeidi witnessed the last hours more significant developments in the framework of final preparations for the battle to liberate Mosul of al «Islamic state», where he threw the Iraqi air force aircraft tens of thousands of leaflets containing the safety of the inhabitants of Mosul instructions, as expected United Nations to cause the battle in the displacement of up to one million people.
Iraq and rallying his troops in several areas of central Mosul parties weights to start the military campaign to restore the city within hours. The Joint Special Operations Command that «the Iraqi air force planes dropped tens of thousands of newspapers and magazines at the center of the city of Mosul, carrying important news and inform them of developments and facts and victories.»
And is expected to start the process of liberalization of Mosul, at any moment, the battle is likely to be the most difficult and complicated in the war against al «Islamic state».
The operation was causing a humanitarian crisis with the United Nations warning that it could lead to the displacement of about a million people as winter approaches.
As a senior official in the Iraqi army, he revealed the existence of «Shiite» militias among Iraqi soldiers stationed on different fronts in the upcoming operation to liberate Mosul frame, said a spokesman for the militia «popular crowd» said his forces will take over the task of «attribution» in the battle of Mosul, north of the country.
This comes at a time when fighters arrived from different factions within the umbrella of «popular crowd» parties to the South of Mosul in preparation for battle.
Said Ahmed al-Asadi, a spokesman for the «popular crowd», in a statement on Sunday, the crowd forces «will assign» the task of military units during the Battle of Mosul.
Asadi pointed out that «all the factions of the crowd and formations will take part in the liberation of Mosul over the attribution of the security pieces, except formations tasked with maintenance of basic breakers (control axes), among other topics, where those forces will remain in their positions and axes».
Said Karim al-Nuri, a military spokesman Badr forces (the largest Shiite faction armed and subsumed within the Popular Mobilization Forces) forces, he said that «our participation in the battle to liberate Mosul resolved, factions of the popular crowd forces arrived to the parties to the southern city of Mosul, has completed its preparations and awaiting a decision issued by the Prime Minister Haider al-Abadi to start the process. »
Nouri added that «the most prominent participation in the liberation of Mosul, the process of the factions are: Badr (led by Hadi al-Ameri, former Minister of Transport), Saraya Jihad (affiliated to Muqtada al-Sadr), Saraya Ashura (a subsidiary Hakim Ammar, leader of the Supreme Council), battalions League of the Righteous (led by Qais al-Khazali ), the Task Abbas combat (a subsidiary of the Abbasid threshold in Karbala), nujaba movement (led by Akram al-Kaabi), and the Hezbollah Brigades (led by Jaafar al-Ghanemi), in addition to fighters from the Shabak and Christians ».
And arrived Hadi al-Ameri, commander of the organization «Badr«, on Sunday, to Qayyarah, south of Mosul base, aboard an Iraqi Air Force military plane.
rcookie says():Earlier yesterday «popular crowd» forces announced the end of combat operations poll axes own battle of liberation of Mosul, according to a statement.
The contract Haider al-Abadi, the Iraqi prime minister, on Saturday, an expanded meeting with leaders of factions of the crowd at his office in Baghdad, and discussed edit Hawija plans () south of Kirkuk, the city of Mosul, according to a statement to the Office of Abadi.
Rejects Sunni tribes post «popular crowd» in the battle to liberate Mosul in any way for fear of committing acts of sectarian violence in the city after the liberation, as has happened in other cities editor.
For his part, Turkish Foreign Minister Davutoglu Jawish The «Mosul process must begin with the Iraqi army, local forces are not Shi'ite factions», should be «we should not force the people of Mosul to choose between« Daesh »Shiite militias which attack Sunnis.»
Some of the units Peshmerga objected to the military and governmental units carrying banners Husseiniya in areas subject to its passage.
And called on the chairman of the parliamentary security committee of quitting in a televised interview I followed «Quds Al-Arabi», the leadership of the Peshmerga to intervene and guide elements to allow the passage of the Iraqi forces that carry banners Husseinia and heading toward Mosul,
indicating that there were some altercations and problems between the Peshmerga and Iraqi forces carrying banners and flags Husseiniya, where Peshmerga prevented the passage of those forces across the region only after removing the flags.
And deliberately some Shiite elements, which have the loyalty of some of the militias within the army and the police, raising banners and flags Hosseinieh militia, which is considered by Sunnis and Kurds provocation for them.
He said Iraqi Prime Minister Haider al-Abadi on Sunday that all Iraqis have a date with a new phase after the liberation of the entire territory of Iraq this year.
He said during his meeting with a number of journalists and political analysts said that «Victory's share of all Iraqis and we are working to restore stability and services to cities liberated.»
He said «we raised the slogan will be in 2016 in Liberation has been achieved, and we raised the slogan Daesh no place in Iraq, here is achieved».
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