DINAR UPDATES 4-28-16
Post From Dinar Updates
Chat Room Excerpts & Highlights
Dinar Updates Thursday PM Chat 4-28-16 Part 2 of 2
_firefly_ says():Remember ... NOTHING can happen without the Bank Of International Settlement's approval _firefly_ says():Not even the IMF
_firefly_ says():Standards for interest rate risk in the banking book issued by the Basel Committee
21 April 2016
RickeyT says to _firefly_():are you saying to be cautious about the July 1st date?
localcats says():morning all any thoughts on isx ?
larrykn says to RickeyT():nothing gets to go forward without the BIS approval this is huge news :)
_firefly_ says():Correct Larry
larrykn says to _firefly_():and now the BIS has given them their blessing things should move forward rather quickly now :) God willing
Pablo says():I assume that when you folks say compliance, you mean Article 8?
larrykn says to Pablo():when the time is right they are now able to go into Article 8
sheila3 says to Hutch():yep :)
larrykn says to _firefly_():I rather watch the money :)
rcookie says():GMT 15:50 2016 Thursday, April 28 GMT 15:57 2016 Thursday, April 28:Last Updated
Determination to continue the reform and liberalization of the Iraqi territories Biden assures Ebadi his country's support to confront the financial crisis Daash
Dr. Osama Mahdi Elaf from London: Prince confirmed Vice President Joe Biden to Iraqi Prime Minister Haider al - Abadi his country 's support for Iraq and to help in the fight against terrorism and overcome the financial crisis.
This came during his talks Biden with Abadi in Baghdad, where he arrived today, which dealt with strengthening relations between the two countries in various fields and developments in the security and economic situation and to support the reforms and the war on organizing Daash in addition to preparations for the seven major industrialized nations to be held in Japan and the support to be submitted to Iraq.
Abadi said that "Iraq is making great victories over the terrorist gangs and we have the determination and resolve to edit the entire Iraqi territory, as we're going reforms and move the country to the right path," as quoted by a press statement by his press office had seen the text "Elaf".
In turn, praised Biden, the significant progress of Iraqi forces in the liberation of the Iraqi lands from the grip Daash .. stressing that "the United States supports Iraq fully in the fight against terrorist gangs" .. He also stressed the continued support of his country to Iraq to face the challenges that passes by, especially in the financial and economic sphere and re the reconstruction of areas that have been edited.
Biden arrived in Baghdad earlier in the day on a surprise visit aimed to learn about the latest political, security and economic developments in the country. LINK
rcookie says():SO BIDEN EXTENDING PLEGE OF SUPPORT ON BOTH ECONOMIC AND SECURITY FRONTS....
rcookie says():OK....HERE WE GO....
rcookie says():Wadih Bitter melon: the central bank will solve the problem of citizens' deposits in private banks By Hussein Zangana 36 minutes ago
The head of the Association of private banks in Iraq, Wadih Handal, that 95% of oil imports are deposited in state banks, pointing out that there is a financial mishaps in private banks.
He said Wadih Handal, during his participation at the crossroads of the Middle East economy (Mary) in Erbil, the network Roudao media, "the private banks in the world are the backbone of life, and in Iraq do not receive government support, and 95% of oil imports are deposited in state banks, and did not take Iraqi private banks role for development. "
He added, "an economic crisis in Iraq occurred and became there a financial mishaps in private banks, the central bank is seriously working to find solutions by giving them loans against collateral, and a portion of these loans will be resolved deposits of citizens, which caused part of the concern existing in the Iraqi market problems."
Handal said, that "the central government does not give a large role for the private sector for sustainable development in the country," adding that he "must be on the private sector to take its role properly to achieve economic development in Iraq."
The President of the Association of private banks in Iraq and Wadih Handal, the high price of the dollar, saying that "Iraq is passing through a war and everything is imported, industrial and agricultural ineffective sector in the country, and this has led to rising dollar prices."
rcookie says():THIS OUTLINES EXACTLY WHY THE WB AND IMF REQUIRED THE RECONSTRUCTION AND PRIVATIZTION OF THE 2 STATE OWNES BANKS.....
THEY CONTROL 95% OF THE STATE REVENUES....COMPLETELY FAIL IN THE EXECUTION OF DEVELOPMENT PROJECT FUNDING.....
AND CONTRIBUTE ALMOST NOTHING BACK TO GDP....THEY ARE DYSFUNCTIONAL AND COUNTERPRODUCTIVE TO A PRIVATE AND PROFIT & RESULTS DRIVEN SYSTEM....
_firefly_ says():Why the IMF was created and how it works
The IMF, also known as the Fund, was conceived at a UN conference in Bretton Woods, New Hampshire, United States, in July 1944. The 44 countries at that conference sought to build a framework for economic cooperation to avoid a repetition of the competitive devaluations that had contributed to the Great Depression of the 1930s.
The IMF's responsibilities: The IMF's primary purpose is to ensure the stability of the international monetary system—the system of exchange rates and international payments that enables countries (and their citizens) to transact with each other. The Fund's mandate was updated in 2012 to include all macroeconomic and financial sector issues that bear on global stability.
rcookie says():YOU CAN HEAR JABOURI SAYING UNDER HIS BREATH...."HEY JOE...HOW BOUT A LITTLE NOTICE NEXT TIME YOUR THINKING OF STOPPING BY....YOU KNOW WHAT A MESS WE HAD HERE THE OTHER DAY....THEY'RE STILL WET VACKING THE CARPETS".....
Scotzgirl says to _firefly_():I'm not seeing the BIS article reference Iraq specifically, can we infer they are?
rcookie says():International Finance lend Iraq $ 375 million to overcome the blackout
An economy Since 2016-04-28 at 20:06 (Baghdad time Pursue balance news
The International Finance Corporation announced a member of the World Bank Group, provided 375 million dollars worth of funding for global energy diamond company in Sulaimaniya, one Iraqi companies in energy, with a view to providing electricity for millions of people all over the country, particularly in Kurdistan, Iraq, where migrant crisis taxed energy infrastructure.
The Foundation, said in a statement issued earlier, that this investment is part of a larger effort by the International Finance Corporation to support infrastructure development in Iraq, requiring the lifting capacity of the electricity production by an estimated 70% to meet the current demand.
She added that this investment is part of its strategy to support conflict-affected countries, private investment is essential to rebuild and improve infrastructure and create jobs and promote growth.
This includes innovative financing, which includes a range of loans and equity investment, $ 250 million from the special account for the Foundation and $ 125 million from the Bank, the first joint Islamic loan institution.
Due to used MAS world energy in this funding to add capacity of 500 MW capacity power plant to 1000 MW in the Kurdistan region of Iraq, which would provide electricity to about 3 million people, the funding will also support the establishment of new power plant near Baghdad Baghdad will almost half of their electricity.
For his part, said Philippe Le Horo, ceo of International Finance Corporation "that such investment is crucial in a country where years of war and neglect disrupted infrastructure, leading to daily interruptions in electricity and hampering economic growth,"
adding that large pressure Kurdistan Iraq as a result of the influx of more than a million Iraqis are internally displaced and 250, 000 Syrian refugees in recent times, expecting that this project opens the door to more private investment in Iraq, and promoting economic development on Long term, as well as to highlight the role of the private sector in infrastructure gaps in areas that surround it.
-Said Idris Barzani, Prime Minister of the Kurdistan region of Iraq, the current disruptions in electricity does not affect the lives of our people, but also hinder the productivity of firms, thereby negatively affecting the economy and create jobs.
So this investment, led by the International Finance Corporation, will help raise kudrow territory on production of electricity and will also provide much-needed liquidity to the country.
Ahmad Ismail, Chairman of global energy in Sulaymaniyah diamonds "We appreciate institutions such as the International Finance Corporation redouble its efforts to invest in an important sector like energy sector, particularly in challenging areas. Therefore, to increase energy production in Iraq is vital at this time, our partnership with IFC and Bank will help you: this and add 500 MW to the national grid.
He told Raymond Audi, Chairman of the Bank, "this is the first big investment bank in Iraq. We are pleased to show our support for the draft is important and vital for the infrastructure project like this. We look forward to further cooperation with international diamond company and IFC as well as expansion in Iraq. "
IFC has invested over the past five years, two billion dollars in infrastructure projects in conflict-affected countries, including joint loans with other investors.LINK
rcookie says():MORE MONEY EARMARKED FOR KURDS....ELECRICITY DEVELOPMENT.... $375 MILLION DOLLARS...
rcookie says():THIS LOAN FROM INTERNATIONAL FINANCE COMPANY FROM WORLD BANK GROUP....
rcookie says():Economics: international community parliamentary support Iraq economically under "strategies"
An economy Since 2016-04-28 at 09:21 (Baghdad time) Special – the balance of news
Economy and Investment Committee member confirmed parliamentary answer truthfully answer, Thursday, to end the presence of the terrorist Islamic State to achieve a great leap, Iraq's economy showed that worsened the political process will develop difficulties and challenges to the country's economic and financial transaction.
Najib said to balance News/Iraq, financial crisis reflected on the country's economy but in return we find there are indicators for better orientation through high oil prices and the international community to support Iraq within the United Nations and the World Bank strategy in addition to loans that would give some States for Iraq to restore the devastated areas ", stating that" end ISIS automatically jump and quick movement of Iraq's economy.
She added, "Prime Minister Haider Abadi economist and constructive steps to diversify sources of revenue by launching the 5 trillion to agricultural and industrial and real estate projects", adding that "now it is relying on local product and this is an important step for Iraq's economy to benefit.
She continued, "that local action by Abadi with the rise of oil prices and edit parts of the ISIS mark to Iraq went better," adding that "whenever there is a political crisis whenever there was obstruction and difficulties facing the country's economy.
The IMF predicted economic growth in Iraq to 2.9% in the year 2016, indicating that the war costs have led to rising inflation and deteriorating financial centres. LINK
rcookie says():THAT IS BEAMING INTERNATIONAL CONFIDENCE IN ABADI REFORMS AND ECONOMIC ACTIONS.....
_firefly_ says():Through our leadership in the World Bank, the regional development banks, and the International Monetary Fund (IMF), the United States has an effective means to influence global economic events, promote American values, support our allies, and help drive inclusive growth and poverty reduction both at home and around the world.
_firefly_ says():Full report .... https://www.treasury.gov/press-center/press-releases/Pages/jl0442.aspx
hummingbird says():Back when A first formed his gov he did deversify members not knowin they were ALL CORRUPT
puffdragon says():Well the crooks will be fitted with those stripped shoes shortly :D And a BOW to complete the onsomble (lol)
_firefly_ says():Introducing the New $20, $10, and $5!
America’s currency is a statement about who we are as a nation. Our modern money honors our history and celebrates our values. Building on tremendous feedback from Americans across our country about the theme of democracy, the Treasury Department will create new design concepts for the $20, $10, and $5 dollar notes.
hummingbird says():As it should be
rcookie says():The formation of a parliamentary committee chaired by Second Deputy Speaker of Parliament to negotiate with the protesters of Representatives (Details)
28-04-2016 09:36 PM
Revealed the Kurdistan Alliance MP Ahmed Sarhan, Thursday, for the formation of a parliamentary committee chaired by Second Deputy Speaker of Parliament Sheikh Aram to negotiate with the protesters of Representatives.
Sarhan said in a press statement, that 'Parliament Speaker Salim al - Jubouri ordered the creation of a parliamentary committee to negotiate Representatives of the protesters', noting that ' the Commission , headed by the Second Deputy Speaker of Parliament Sheikh Aram'.
He added that the 'Committee comprises 12 deputies are both' Ahmed al - Mashhadani, Tariq friend, Talib al - Jaafari, Mohammed Naji Hassan Khalati, Haider Naima, Kanna, Mahmoud Reda, Amer al - Khuzai, Muthana Amin, Abdul Hussein al - Musawi and honest favor '.
rcookie says():WE MENTIONED YESTERDAY THAT THE CLOSING OF BAGHDADS AL JAZEERA OFFICE WAS A PRETTY BIG DEAL...NOW UNAMI INVOLVED....WOW!!
rcookie says():AND JABOURIS 2ND DEPUTY OF THE PANEL THAT WAS ESTABLISHED THE OTHER DAY...WILL NOW BE NEGOTIATING WITH THE SITTER PROTESTERS....