Post From Dinar Updates
Chat Room Excerpts & Highlights
Dinar Updates Tuesday Late PM Chat 6-21-16 Part 1 of 3
geofitness says():Geeeeze: Special - balances News Description parliamentary Finance Committee member Ahmed Sarhan, Tuesday, the terms of the International Monetary Fund for lending to Iraq as "arbitrary", while pointing to Iraq's refusal to those conditions.
Ahmed said L / balance News /, that "the conditions set by the International Monetary Fund to grant loans to Iraq" arbitrary, "adding that" Iraq has rejected those conditions because they belong to a slice of the Iraqi people. "
He added that "those conditions will worsen the financial and economic situation of the citizens," adding that "the Fund only to monitor aspects of the loans provided by the Exchange."
He pointed out that "conditions include cutting the ration card and the removal of subsidies on fuel, electricity as well as reducing the salaries of the staff," pointing out that "economic disaster would be resolved if approved for those conditions."
The IMF loan conditions imposed for Iraq in exchange for granting a loan include a tax on employees' salaries. LINK
da58 says to geofitness():I think I'd have to see another article saying that to give it credit..
rcookie says():THIS ONE FROM MADDSCOUT.......
rcookie says to da58():DO YOU HAVE THAT ARTICLE AND LINK DA...
rcookie says():UH HUH...AND WHEN WE WERENT LOOKING...
rcookie says():"KAI" will resume a project to build an air base south of Baghdad "soon"
June 21, 2016 17:31Hits: 122 Newspaper Korean, said on Tuesday that South Company "KAI" of the Korean Ministry of Defense will resume building south of Baghdad air base "soon," to be the toast of aircraft "FA-50" South Korean fighter that Iraq contracted to buy 24 of them in 2013.
The newspaper (Hankook llbo) in a report that "(KAI) South subsidiary Korean Defense Ministry will resume work later built an air base south of Baghdad, according to a deal signed with the Iraqi Air Force worth three trillion, equivalent to $ 2.59 billion, to be the toast of aircraft FA- 50 South Korean fighter that Iraq contracted to buy 24 aircraft, including in 2013 ".
The newspaper added that "negotiations about the project began in 2013 when Korean Air Industries Inc. negotiated a deal to export 24 aircraft FA- 50 light fighter of the company's manufacturing for Iraq worth $ 2.1 billion," indicating that "the Iraqi government requested at the time of the Korean side additional contract deal to build an air base near Baghdad to conduct FA- 50 planes from which. "
Iraq had signed with South Korea, in (21 December 2013), on the purchase of 24 attack aircraft light of the model FA-50 that can be used for training middle and military actions, at a cost of about one billion dollars, while the announced South Korean Aerospace Industries, earlier its intention to deliver the aircraft to Baghdad over the next year in 2016.
The newspaper, that "the project is currently stalled because the Iraqi government has failed to pay off construction operations fees in a timely manner," expected to "resume work on the project soon."
And it turns to the newspaper, that "some officials in the Korean company raised in a timely manner to security concerns about the safety of South Korean workers from attacks to organize Daash", usually that "the payment of Korea to work at the base in secret after the Iraqi government agreed not to press for the base detection."
rcookie says():HES TALKING ABOUT THE COMPLETE DELETION OF THE RATIO CARD PROGRAM AND SUBSIDIES....AND THEY CAN WHINE ALL THEY WANT...AND THE WHINING TO BE EXPECTED...AND AS FAR AS THE ECONOMIC DISASTER......CANT YOU HEAR THE IMF SAYING.."DAAAAAAAAAH".
HERE IS A RECAP OF NEWS.....
NAJIB STATES BEHIND THE SCENES PARL COMMITTEE MEETINGS ADDRESSING INVESTMENT AND ECONOMIC ISSUES HAVE YIELDED 90% COMPLETION AND EMPHASIS TO BUILD STRONG INT’L ECONOMIC RELATIONSHIPS
AND WILL GROW WITH FURTHER SECURITY PROGRESS AND EMPHASIZED BANKING & BANKING TRANSFERS TO SEEK INVESTMENTCOOPERATION WITH IRAQ ...
MP’S FROM ALL POLITICAL SIDES CALLING FOR QUICK DECISIVE RULING FROM FEDERAL COURT TO KICKSTART PARL RETURN TO WORK..
”CHANGE” MP MUSTAFA TALKS COOPERATION WITH PUK AND AGREEMENT ON 25 ARTICLES TO UNITE KURD REGION AND BRING ABOUT ECONOMIC & POITICAL REFORMS...
JABOURI AGAIN ASSERTS INTENTION TO AMEND BANKING LAW AND ESTABLISH FINANCIAL COURT..MP TAMIMI CALLS KURDS OFFER OIL FOR 1 BILLION/MONTH UNCONSTITUTIONAL...
carpet says():i guess there goes the HCL
clay says to carpet():nah
clay says to carpet():its all good Im sure
larrykn says():JABOURI AGAIN ASSERTS INTENTION TO AMEND BANKING LAW AND ESTABLISH FINANCIAL COURT. I likey :)
loop says():TAMIMI is an obstructionist
loop says to larrykn():(y)
larrykn says to loop():I don't think one person can change what is going to happen now :)
Dr Dave says():Not Even Maliki...hehe
DIGIman1 says():i can see that retirement train coming! its old....its beat up.....its wobbling a lot, but ittsa coming!! :D
clay says to DIGIman1():(y) that a boy
Dr Dave says():...and shes comming around the corner
DIGIman1 says():sure feels different than any other time before....everything has aligned :) (or so it appears)
clay says to DIGIman1():agree
clay says to DIGIman1():just wondering if we have to wait to kick ISIS out of Mosul 1st
DIGIman1 says to clay():mosul seems to be one of the financial hubs. i'd expect they'd want to get a grip on that. it would be like having terrorists holed up at one of the exchanges...
clay says to DIGIman1():yep
clay says to DIGIman1():but they are moving on it quicker then thought
clay says to DIGIman1():they have it surrounded
DIGIman1 says to clay():not to say that this would stop a reform from happening tho....
DIGIman1 says to clay():the police are doing their jobs so that everyone else can do theirs...
clay says to DIGIman1():there was an article from Jeff this morning on how many ISIS leaders have fled with their families back to Syria
DIGIman1 says to clay():yeah, drive them back from where they came from....then keep kicking....
eman4u55 says():The conference will provide a forum to discuss recent theoretical and empirical research on the macroeconomics and microeconomics of external adjustment, the optimal response of monetary, exchange rate and macro prudential policies when financial frictions matter, the effects of sovereign risk, and the role of exchange rates at the sector and aggregate levels.
da58 says to eman4u55():what's most interesting - is that they would HAVE a conference on this topic...
eman4u55 says to clay():as a man i dont like the term macro
clay says to da58():lets getter done
da58 says():there has been much written on this by the imf thru the years.. but, timing is everything!
DIGIman1 says():Chat Copied ~~~~Maintain thy airspeed, lest the ground rise up and smite thee.
clay says to eman4u55():lol micro could be worse
eman4u55 says to clay():they used that too but not me lol
clay says to eman4u55():lol
rcookie says to da58():YEP...LIKE THIS...
da58 says to rcookie():I've been on that since ya posted it.. was there I (think) quite a while ago.. man, it's so interesting.. I think when I was tracking reval's on the imf site..
and in that search, stumbled on IMF using turkmanistan as their prime example of the processes they went thru... govt reform, banking reform, the gradual process –
it was extremely interesting and I know you'd just devour it if I had that link.. I was comparing their recommendations with Iraq's movement, process...
additionally, they were pointing out other countries who failed - in their reval's due to not doing what Turkmeinistan had done.. Later, researching, they didn't do an actual 'rv' as we consider it, but - their currency value did increase gradually.
da58 says to rcookie():they used Turkeinistan as the 'model'... to do it right.. and insure success.
da58 says to rcookie():further pointing out - that none of the 'steps' can be passed up... laws must be changed, budgets, etc.. many processes - and if countries try to take the 'short road' - it's almost guaranteed failure.
da58 says to rcookie():What I gained - is Iraq has followed all the steps pointed out - to a tee... my friend Debi and I were just amazed at all the similarities.. !!
da58 says to rcookie():I cant remember now - what countries they used as examples for 'failures' in rv's... of their currency - but, they did.. and explained why... not all rv's are success for the country, and all can fail dismally –
if they haven't taken the proper steps - like Iraq, they are being handheld thru this process... MAN - ISN'T THIS A BEAUTIFUL THING TO WATCH?
da58 says():it's all on the IMF site - 'somewhere'!! lol - you can get lost on that site for a darn week! (lol)
rcookie says():OK...DU ...READ THIS..
rcookie says():Central banks
Author: Yasser incumbent 6/22/2016 0:00 I followed the march of the relationship between the Iraqi Central Bank and the private banking sector over a decade and through various departments, which reflect any departments nature of the relationship,
and perhaps the interaction that I have seen between central banks during the era very different from its predecessors the last administration.
Regardless of all the talk and rumors of accusations and criticism each according to his point of view , I enclose my talk about the good achieved Ntayj under correct relationship which is full interaction between both sides of the equation any central banks , including the banking leads to correct course of action.
We were in the «morning» stand against collective punishment any mixing everybody in green and the central overcome these judgments that harmed the reputation of discreet banks.
The secret of the success of this relationship lies in the central understand and hear what raises it by forcing banks including the Atkdr to implement it , and I've Association of Banks played New to manage it a role in the convergence and interaction points of a jerk, and led to the steps contributed to the correct banking business path.
The center seeks to resolve the legal problems that face the banks according to each case according to the law inevitably. Comes the central bank 's decision to establish a company to guarantee deposits to be crowned his efforts to restore confidence in banks and certainly not the last step.
Read More : http://www.dinarupdates.com/showthread.php?36098-Central-banks-6-21&p=154840#post154840
rcookie says():We expect the central bank to resolve problematic currency auction and I think he was sparing no effort to solve and correct the course and then listen to the observations economists and money in this regard to the curtain falls on the placed filled Midfield on and ending cylinder auction to pay attention to the reform and development issues.
I think that many proposals and visions on the table in front of the Central on the return path of the auction to his goals , which he painted with certainty central acceptance and conviction including raises in this regard and seek to overcome them.
Then there is a need for private banks to review the performance of its departments , including in line with international standards aimed at raising the efficiency of the central works hard on the application.
We expect the course of the relationship of these good results reflected the performance of the banking sector overall , including restores the right thing in his career , local and global reputation.
jimplants says():GLOBAL REPUTATION
rcookie says to da58():VERY WELL SAID DA...
rcookie says to da58():International Partnership for the locomotive Estmarat
6/22/2016 0:00 Thamer Alheims still investing knocking on the doors, the local, regional and international knocked on the door so we note that signs of a farmer in sight, although the enemies of the investment of the corrupt and »Doaash».
What raises optimism boosts hope at the beginning of the real foreign investment in the country, the province of Diwaniyah signed a memorandum of understanding with the Spanish company for the implementation of industrial projects and electric, residential and oil systems security and e-government.
There is no doubt that this understanding vector for the formulation of long - term contracts, the benefit summed expel corruption from access to these engagements, Fsharkp (Spanish Anfeinma) will work and contract soon to check on the security level and the presence of colostrum free of corruption.
this depends only on the board and management of the province (Kmkas to their success).
It is worth mentioning that the Diwaniya are not the only ones that suffer from funding or technological aspects of the problem, but at least honest and where unemployment along with certificates and competencies paid for by the university and institutes annually without exploiting them, in addition to the poverty rate is unusual perhaps preceded Samawa in high percentage.
As the more than half of the budget goes to salaries of employees of the State there is no hope of funding from this area at this stage.
the question now is why Atamam this a try and translate understanding into contracts to become the foundation stone for another business in our provinces , both for this company or others from the staid companies to become practical head attracting local and regional money before the partners assured with an international company?
after countless local financial and regional flow through the currency market and return for documentary credits after adjusting the border gates at least of the same ports provinces hand to protect the agricultural, industrial or tourist projects and as a process of paying the local and regional investor and on this occasion to be noted that the Asian Development Bank to invest in infrastructure,
has started its actual activity to do to establish the infrastructure in different continents and powered from the world 's second largest economy (China) is there prevents the handle and deal with it , maybe except objection Monetary Fund or the world Bank have as lenders of Iraq the terms and conditions set in the exceptional circumstances of Iraq.
the infrastructure of Iraq and our factories and many of our projects , and according to statistics from the Ministry of planning There (9000) draft disabled value ($ 300 billion) and rates implemented between (5 90 percent) not completed in a timely manner and the reason is known in unemployment and underachievement.
Read More : http://www.dinarupdates.com/showthread.php?36099-International-Partnership-for-the-locomotive-Estmarat-6-21&p=154842#post154842
rcookie says():but worthy of the huge number of projects involving infrastructure and industrial projects, agricultural , and tourism , which if carried through, it would serve a lot (of social and economic forces), look at the programs and policies to become of these projects, especially the infrastructure of cross-provinces of projects (electricity railway projects and irrigation methods) to rebuild Mahedmth wars Mnlhmh national.
There is no doubt that these projects in the state to achieve the proportion of the completion of a limited would be a factor to attract more international companies in a period of global recession are trying to China and others are creating economic efficiency through the support and leadership of the Asian Bank for infrastructures and the regional economy that connects us with trade estimated thirty billion years to Aasah ago that adapts himself to us only through participation our projects
(nine thousand) except for projects that after the destruction of «Daash» long - term contracts contribute to the stability of the economic and security area.
Once you enter the regional economy, the private sector , the Iraqi immigrant actually begins in the establishment of industries to some of its articles that Atkhmna by dumping and that the case did not last as we noted after the oil crisis , but it would consider Iraqi investors in line with his interests and his own riding in the locomotive Iraqi investment backed regionally and internationally and can be looped out of tune again.
to conclude that the term contracts pay about programming and planning including rents weaken the role of the oil destined for the payment of bills - term, and that the adoption of these governance Stljm both highly centralized and corruption.