Post From Dinar Updates
Chat Room Excerpts & Highlights
Dinar Updates Thursday PM Chat 6-2-16 Part 2 of 3
rcookie says():SO A PROVINCIAL FUND COMPRISED OF 500 BASRA COMPANIES TO BE NAMED UNITED BASRA COMPANY...
TO BE LARGEST JOINT STOCK COMPANY IN THE PROVINCE STARTING WITH 100 BILLION DINARS EQUITY AND AS IT GROWS TO 250 BILLION WILL ESTABLISH ITS OWN BANK TO OVERSEE COMPANY TRANSACTIONS...
AND IS SAID TO BE IN ADVANCED STAGE...AND READY FOR IPO LAUNCH....AND OPEN TO PEOPLE OF BASRA...WE READ ABOUT THIS EARLIER IN YEAR...
AND IS NOT ALIGNED WITH A SPECIFIC INDUSTRY SECTOR (OIL),,,BUT DIVERSITY OF SECTORS... TOURISM,.CONSTRUCTION..BUILDING...WOW!!! !...WOW!!!!....WOW!!!....NO THIS DOES NOT MEAN RV!!.....
puffdragon says to rcookie():Sounds like a liberal, They can only cridisize and try to tare down they cant and wont ever build anything PERIOD. Thanks to you and the other s for being PATIENT with the ungreatful so as us normal ones dont lose your insights !! (y)
jarhead says():cmon RC u aint bein fair lol
bibi says to rcookie():Thanks for the news, Rcookie. Wow!! that last article was a stunner!
rcookie says to bibi():HI BIBI...YVW...I WOULD SIGN FOR THAT IN A HEARTBEAT!!
Josie says():I love their optimism of growth from "100 BILLION DINARS EQUITY AND AS IT GROWS TO 250 BILLION." They seem very sure of the themselves of significant ROI Nice !
Josie says():And when you read of all of the investment pouring into the Basra region with the import / export and plant investments, I can see why they are so convinced of their success :-)
jarhead says to Josie():ggood point....i didnt see it that way
jarhead says():guess i got a stutter lol
jimplants says():basra the gateway to the new silk road billions already invested by the world bank
rcookie says to Josie():THAT IS THE MINIMUM ASSET REQUIREMENT FOR BANKS...SO WELL PLANNED AND IN THAT PROVINCE WILL BE CAKE!!.....
Josie says():The way it reads, its not just a goal of 250 Billion Dinar, they are saying that once that is achieved, it will trigger their investment in establishing their own local bank. No telling what they feel it will ultimately achieve in value
Josie says():oops, guess I typed too slow, RCookie beat me to the point
rcookie says():Zebari discuss with Stewart measures taken against Iraq in the run-credit program
Written by : mohanad in: June 2, 2016 In: Iraq News No Comments views 74 views print E-mail
Nur News / Baghdad Mr. Hoshyar Zebari, Minister of Finance, received on Thursday, Stuart Jones, US ambassador to Iraq, accompanied by Mr. Paul Brong economic adviser at the US embassy.
According to a statement received "light News," a copy of "The meeting dealt with means take actions international financial support from Sadok IMF and the World Bank Group of Seven and the measures that should be on Iraq taken in the run-credit program, which was reached with the International Monetary Fund during the previous meetings with the Fund It was agreed on the importance of expediting the implementation of these measures in order to ensure the ease and speed of implementation. "
The minister expressed appreciation for the government and gratitude to the position of the US administration to understand the economic and financial situation is difficult for Iraq and the mobilization of major industrialized nations in Iraq, in the Group of Seven at its last meeting, which was held in Japan in the 27 / May / 2016 to provide financial assistance to Iraq, totaling $ 3.6 billion. "
ol lar says():The start of the reform development in Iraq under the auspices of the program Abadi
02/06/2016 11:28 | Number of Views: 2152 The start of the reform development in Iraq under the auspices of the program Abadi
Direction Press / Baghdad It kicked off this morning in Iraq's development reform program events sponsored by Prime Minister Haider al-Abadi,.
He attended on behalf of the Ibadi at the opening of the program, which is held under the slogan's (blessed Butroatna) Planning Minister Salman Jumaili.
Opening the Director of the Office of the Prime Minister on the Keywords and a number of ministers, MPs and US Ambassador Styawat Jones also attended.
The project is being held in cooperation with the US Agency for International Development , depending on the developer Development Management Program ( IDMS ) and the updated system contracts.
The Ministry of Planning and Development Cooperation announced on Thursday to determine a date for a broad conference to launch the Development Department under the auspices of Prime Minister Haider al-Abadi.
The development management system is the first of its kind in Iraq and the region.
BUCK says to ol lar():that is awesome news..e banking then i think we are not far behind....
ol lar says to Elane(): http://aletejahtv.org/index.php/permalink/113991.html
subgirl says to clay():Opening the Director of the Office of the Prime Minister on the Keywords and a number of ministers, MPs and US Ambassador Styawat Jones also attended.
ol lar says to Elane():supposedly they need this to use the new ATMS and pay retiriesan employees with the visa card
clay says to ol lar():(y)
popeye7 says to ol lar():Thanks ol lar... That is super news.... Now all we need is value to the currency we have become very accustom to...
ol lar says to popeye7(I rember an article where the President of the Rafidian or Rashide bank said they could activate the new ATMS once the zeros where lifted
popeye7 says to ol lar():Interesting....
rcookie says():Central banks can not act alone
June 2, 2016 in the media center , articles comments on the central banks can not operate alone closed
forbesmiddleeast_news_10375 Whether through signals from the meeting of the Group of Seven nations this week Or, in the last round of negotiations on Greece's European results, the developed countries and officials increasingly recognize that the problems facing the economies of their countries require a new response to take responsibility instead of prolonged use of short-term instruments narrow use.
This recognition needed a long time to reach him, judging from the lack of pity for action plans detailed, credible, still need time to even translate into concrete progress on the ground.
Before the meeting of the Group of Seven nations in Japan, a number of member countries have indicated that they understand that their individual and collective attitudes towards politics is the need to develop. Germany has warned of the continued over-reliance on central banks,
while stressing the need for structural reforms. He urged both Canada and Japan to use more active and creative public finance policy. The United States also warned Japan to resist the temptation to intervene to reduce the value of the yen.
Earlier this week, Greece's European partners concluded they need more emphasis on easing debt burdens so the ailing economy. In a conference call interview with reporters on Wednesday, one of the International Monetary Fund, who spoke on condition of anonymity, officials said that there is an agreement between all stakeholders that the Greek debt «unsustainable significantly» and in need of forgiveness.
In addition, the official said the parties «accept the methodology to be used to be included in the exemption provision of the required debt. And they also accept the objectives relating to the need for total funding in the near term and in the long term. So they also accept periods of time, a very long period of time, the fulfillment of this religion is which until 2060 ».
These remarkable developments are a sign of an important evolution in ideas, which turns more decisively towards consideration of structural and long-term conditions, away from the excessive emphasis on cyclical considerations.
This shift is driven by three developments: the disappointing economic growth disappointing frequently despite the stimulus from monetary policy and, in the case of Greece, the rescue packages that include huge amounts,
and the concern that the benefits of the participation of the Central Bank of non-conventional melt through a growing risk of side effects and consequences unintended, and recognize that the political context is further complicated at a time when the anti-establishment movement is gaining momentum amid growing lack of public confidence in the «elites» in the government and the private sector alike.
One hopes that such thinking should lead to the implementation of pro-growth structural reforms, tax reforms and austerity in conjunction with the weakest public finances, and debt relief for groups with overwhelming debt burdens, and coordinate the actors of global politics.
However, the translation of the larger collective consciousness to remain credible procedures in accordance with incomplete and frustratingly.
Take the case of Greece, for example. Despite the delay in the recognition of reality by creditors Europeans - that ease debt relief is a necessary condition (though not enough) to enjoy Greece any realistic chance to restore economic and financial permanent feasibility - but this recognition does not turn into a straightforward procedure.
IMF official who described the negotiations on Wednesday, said: «Basically, we need to be reassured that the world of the measures that Europe is preparing for its commitment in line with what we believe that there is a need for him to achieve a debt exemption. This did not happen until now ».
As a result, the fund is ready to support the loans agreed upon understanding that was reached this week regarding Greece. At the same time, it is unlikely to implement the Group of Seven countries in economic policy stance is very different than in the past as soon as the officials back to their countries. As a result, the crucial process in transforming reassuring words into effective measures are taken on the ground will again fail to be realized.
However, is a growing awareness of the critical elements in the permanent intellectual adjustment and corrections related, so there is hope that the developed economies are approaching the achievement of a comprehensive policy is absolutely necessary response. So, that did not materialize this time, maybe next time. However, time is
rcookie says():HERE IS A RECAP OF NEWS....
da58 says to rcookie():thx!
rcookie says():PLEASE NOTE THIS IN NO WAY IS INDICATIVE OF A PENDING CHANGE IN VALUE TO THE IQD...
MP FROM KURDISH MPC ANNOUNCE UPCOMING ROUND OF NEGOTIATIONS BETWEEN ERBIL & BAGHDAD ON 3 FILES: SECURITY & ARMAMENT/EXPORT OF OIL/STAFF SALARIES...
PUK CALLS ON ERBIL & BAGHDAD TO EMPLOY NEW TACTICS & STRATEGIES IN ADDERESSING PROBLEMS & DIFFERENCES...
ABADI CALLS POLITICIANS TO “FREEZE” DIFFERENCES AND RALLY AROUND ARMY... CHAIRMAN OF SUPREME COUNCIL HAKIM STATES THE BATTLE OF FALLUJAH WILL UNITE IRAQS LAND & PEOPLE TRUE RECONCILIATION...
LIBERAL BLOC MP MAMOURI STATES UNLIKELY SPECIAL PAR SESSION OVER HOLIDAYS BECAUSE MILITARY EFFORTS UNRELATED TO CABINET REFORMS AND AWAIT THE FED COURT DECISION ON APRIL PARL SESSIONS...
REFORM PROTESTORS ASSERT JABOURI THREATENED LAWSUITS AGAINST THEM IN PROTEST ACTIONS...
UN REPRESENTATIVES IN IRAQ DEMANDING MORE PROTECTION OF CIVILIANS IN LIBERATION OPERATIONS...
INT’L COALITION ANNOUNCES 32 ISIS AIR SORTIES IN IRAQ & SYRIA...
ISF SPOKESMAN ISSUES STATEMENT6 OF DENIAL OF ANY PAUSE OR HALT TO FALLUJAH OPERATION DUE TO CITIZEN PRECAUTIONS...
SECURITY FORCES FREE 200 CITIZENS IN FALLUJAH DISTRICT...
JOINT FORCES WAIT 700 METERS OUTSIDE SHUHADA SOUTHERN FALLUJAH WITH COMPLETE LIBERATION WITHIN HOURS...
MOD DECLARES ARRIVAL OF SOPHISTICATED WEAPONS TO BE USED IN FALLUJAH LIBERATION OFFENSIVE AND STATES ISIS “GASPING FOR BREATH”...
_firefly_ says to rcookie():No need to make that silly disclaimer. There are only a few that believe everything relates to a date
_firefly_ says to rcookie():They need to study more or let go of their Dinars
watson1 says to rcookie):ok does this mean tonight it going to rv :D
Elane says to Woodywoodpecker():No rush to judgement...
Elane says to Woodywoodpecker():sorry woodywoodpecker.. pressed the wrong button
david334 says to popeye7():Wrong
david334 says to rcookie():Cenral banks can right off these loans and it will never matter in the real economies
_firefly_ says():Since when has the BIS and IMF shut down because a country is feasting?
david334 says to popeye7():no 2018 is a long time is what i was refwering to
popeye7 says to david334():Gotcha... Believe me I agree... :)
_firefly_ says():Give me a break !
rcookie says():OPEC IN MEETINGS AGAIN FAILED TO CAP PRODUCTION LEVELS.........
watson1 says to rcookie():good cause gas went up 10 cent this morning here in ft lauderdale
popeye7 says to rcookie():The oil be a flowing...
watson1 says to rcookie():(lol)
_firefly_ says():It sure is but my local bank doesn't shut down because I fast for a couple of days lol
popeye7 says to _firefly_():I thought all banks honored your fast days?... 8-|:D
watson1 says to _firefly_():you need td bank they never shut down lol
_firefly_ says to watson1():Neither does the IMF, UN or the BIS :)