Post From Dinar Updates
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Dinar Updates Tuesday PM Chat 6-21-16 Part 1 of 3
jeffusa says():Iraqi Forces Complete 2nd Phase of Operations to Liberate Southern Mosul
TEHRAN (FNA)- The second phase of liberation operations in the areas South of Mosul was successfully completed, the Iraqi Army's Nineveh Operations Command announced.
“The second phase of the military operations launched to liberate the areas south of Mosul finished after achieving all its goals,” said the media officer of Nineveh Operations, Brigadier General Feras Bashar Sabry in a press statement, Iraqi News reported.
“The operations resulted in the liberation of a number of villages including al-Nasr, Kharaeb Jabr and Kharaeb Shamam,” he noted.
“The third phase of the operations will be launched in the coming few days in order to liberate al-Haj Ali and its surrounding areas and the left side of the Eastern bank of the Tigris River, and the joint security forces completed preparations to liberate those areas,” Sabry concluded.
where'sthebeef says():Last time they tried to implement the next round of tariffs earlier this month, they postponed them to the 25th, of the month. Does anyone know if that is still the date they are shooting for?
jeffusa says():if this is true WOW.... they are farther along than most think...
clay says to jeffusa():moving quicker than expected
jeffusa says to clay():or not being an idiot like are chief and telling everyone what we are doing
clay says to jeffusa():(y)
clay says to jeffusa():maybe an RV sooner than expected
larrykn says to where'sthebeef():I have not seen anything that said different
clay says to larrykn():nor I
jeffusa says to clay():I expect it today ... I expect it everyday lol
where'sthebeef says to larrykn():ok, thanks
clay says to jeffusa():lol
da58 says to where'sthebeef():havent seen anything to the contrary yet..
where'sthebeef says():great. thanks da
loop says():GM Everyone
da58 says to where'sthebeef():didn't mean to say 'yet'!! ha that included with practically every article out of Iraq referring to intl this or that, compliance, corruption clean up - the works.. meeting all the imf guidelines - we all gotta be havin big grins these days!
da58 says():and - all the cleanup of ISIS - amazing what they are doing..
where'sthebeef says to da58():yes, looks and sounds really good
larrykn says to da58():its not IF anymore but when :)
da58 says to larrykn():Amen brotha
da58 says to larrykn():and it feels darn good
larrykn says to da58():yes it does :)
da58 says to larrykn():there was an art this last week.. on the portable clinics set up around Fallujah now.. the disease, the hunger, the needs... man - ripped my heart out to read the realities of what these folks have been through with their families.. here I live in what they'd consider luxury, I haven't a clue what their reality could even be.
larrykn says to da58():that is why they say war is Hell, it just brings misery , I have been overseas and seen what other countries live like, we have it made compared to them
da58 says to larrykn():I haven't.. and try to imagine this sometimes.. Sure makes one grateful for what they have.. we get born 'somewhere' on this planet - man, I sure am glad I was born here! Can't imagine growing up in the mid east.
loop says():Keywords: Iraqi cash reserves of $ 53 billion, the parliament and the government bear the responsibility falling
Author: HH, ZJ Editor: BK, HH 06/21/2016 16:55 Long-Presse / Baghdad
The governor of the Central Bank and the Agency on the Keywords, said on Tuesday that Iraq's reserves of foreign currency of $ 53 billion, and with the exception that it is in line with international standards and regulations of the International Monetary Fund, the House of Representatives pregnancy and the government responsible for the low reserve because Msadegthma on the financial budget in deficit.
The CBI has rejected (the 13th of January 2016), the government went to draw from the financial reserve, while attributed to the fact that the law "does not allow" the government of this, he called for the issuance of bonds and sell them to banks.
Said Ali Keywords In an interview (range Press), "The bank's foreign currency reserves reach $ 53 billion may be changed up or down depending on what return it from the Ministry of Finance," noting that "the amount within the bank accounts and fund the recent International Monetary demonstrates the adequacy of reserves according to the international standard of the existence of the amount of foreign exchange cover of the local currency dinar size. "
He added Keywords, that "it means that the central bank maintains a foreign currency in excess of the local," adding that "the rise in the reserve or decline caused by factors beyond the control of the Central Bank or control, being influenced by two factors two main amount of dollar given to the bank, from the sale of oil, and what you get and the Ministry of Finance of the oil dollar, which sells it to the bank, you get to dinars to cover the expenses. "
He continued Keywords, "The second factor is the demand for the dollar and its source estimated based on state spending that turn eventually to the demand for it, especially since the majority of materials and goods imported," pointing out that these "factors are determined by the amount of the reserve, all of which are beyond the Bank's control."
The Keywords, that "the pressure is increasing on the reserve when there is a deficit of public budget covers vouchers or bonds, the central bank will purchase it," returned that "it means the central bank to issue cash for the government without the presence of the cover is enough to have a foreign currency."
He said the central bank governor, that "the version that the government spends turns into demand for imports in dollars which means reduce the reserve", blaming the House of Representatives and the government's "responsibility to lower the reserve when have published the budget deficit, although this fact is not understood by many with great regret."
Keywords and expressed surprise at the "Download group of deputies or government officials responsible for the central bank reduced the foreign currency reserves, without paying attention to being the main reason for it is not he or his policies."
And it will be published daily (range) the full text of the interview in its issue to be published, on Wednesday (21 June 2016).
The International Monetary Fund has approved the (13th January 2016), the Iraqi special government programs funded by the federal budget deficit from its reserves of hard currency as a precondition for lending, noting that it will lead to a reduction of those reserves from $ 59 billion the end of October 2015 the past, to 43 billion during the current year 2016.
The Iraqi Council of Representatives, approved by majority, in (the 16th of December 2015 the past), draft financial budget for the current 2016 law, worth in excess of 105 trillion dinars, and the inability of more than 24 trillion dinars.
Dr Dave says():would it make sense to postpone the customs until such time that the iRAQ's have more purchasing power with the dinar?
Dr Dave says():or dely this as long as they can?
Dr Dave says():why pay more to get less?
larrykn says to Dr Dave():I'm not understand why you feel they need to delay anything with all the news that is coming out that is showing us they are about ready , I see no delays , once they get that courts to rule on that case and parliment meets and votes were there IMO
rcookie says():DR DAVE.....BECAUSE IT IS THE LARGEST NON OIL REVENUE STREAM FOR THEIR COUNTRY...AND SOMETHING THE INT'L AGENCIES...IMF..WTO...WB REQUIRE OF THEM TO DO...
watson1 says():who said they where any delays ?? where does it say that ?
rcookie says():THEY ARE NOT JUST ARBITRARILY DECIDING TO DELAY ANYTHING....
THE OPENING OF A FEW OF THE INTEGRAL CUSTOMS BORDER POINTS SUCH AS TREBIL BORDER WITH JORDAN RECENTLY ANNOUNCED REOPENING BECAUSE OF OBVIOUS SECURITY OBSTACLES...
da58 says():appears time to quit depleting the reserves with auctions.
david334 says():Is there a possibility that they delay the opening of the trade spikots or simple rank order what entry points go first?
david334 says():Has anything changed from last night? Parliment and border openings being to two key events. Just wondering so I dont stress out?
rcookie says():THE 2010 CUSTOMS AND TARRIFFS HAVE BEEN AND ARE AT HIS VERY MOMENT ACTIVATED AND BEING COLLECTED...
david334 says to rcookie():thanks rcookie
rcookie says():WATSON MY FRIEND...1 MORE TIME AND SLOWLY...
rcookie says():WHAT WAS DELAYED WAS THE NEW INCREASES TO CERTAIN GOODS CHANNELS..
david334 says to rcookie():Sounds like notching the sytem down a bit may make sense systems anD process wise
wmawhite says():folks,............in order for you to believe somebody that is telling you that the revaluation of the IQD has been "delayed" you would first have to believe that person actually knew ahead of time when it was scheduled to happen.
So, do you truly believe anybody that tells you that he/she knows when this is scheduled to happen?
so, if we do not know ahead of time, how can we stated that it is delayed? We simply can not stated that it is delayed without knowing when it is scheduled.
david334 says to wmawhite():logic 101
larrykn says to wmawhite():well said :)
wmawhite says():always return to "what you know" versus "what you think you know".
wmawhite says to BGG():LOL
rcookie says():THIS IS A COMPILATION OF SOME NEWS FROM YESTERDAY...
rcookie says():ECOSOC: in central banks to buy bonds to cover cash shortages
Baghdad Ibrahim Ibrahim 2016/06/21 (00:01 pm) - hits: 187 - number (3677)
Iraqi Council announced Monday that the Central Bank in State banks to purchase discount and all bonds for private companies, noting that they will cover a large part of scarce liquidity, with seven securities decided to stop companies from trading for failure to comply with financial disclosure regulations ".
Council Chief Ibrahim Al-Baghdadi "term" in a statement, a copy of it, to "Central Bank of Iraq in three State banks, Rafidain and Rasheed and Iraqi trade purchase and discount all the Special Government bonds to be issued and paid for private companies instead of financial receivables overdue for these companies and 50% of total receivables as a down payment.
Al-Baghdadi said, that "the total amount of these receivables amounting to 3.5 trillion dinars will be liquidated to cash to be rewarding and meaningful step to private companies after the extensive damage inflicted on this vital sector,
by delaying payment of these benefits by the Government," Al-Baghdadi said "these payments will cover a large part of the cash shortages, which will move the wheel and movement of financial trading in all markets, adding that it will be solved many social problems and legal and tribal,"
stressing that "Central Bank Commitment to these banks to meet any need or shortage of cash for the purpose of completing purchases and deduct all such bonds from their owners.
The Central Bank issued in (15 March 2016), internal national bonds to finance the budget deficit in Iraq as a result of the general decline in oil prices to below $ 30 a barrel.
Economist, said Mohammad Abdel Latif al-Ani in the interview for "range", "sale of bonds Alou private intention will contribute significantly to provide liquidity needed by the Government for the benefit of most of the country's domestic economy."
"The Government's exit from her distress cash supports recovery of different economic sectors, thereby increasing investment opportunities for the private sector, which depends on the State of financial institutions in the process of evolution".
ANI said that "the Government budget deficit of more than 25 trillion dinars paid alternatives including national bond that can guide to activating productive sectors, industrial, agricultural, tourist and Dina are from the Central Bank and the Government to contribute to the plug.
ANI called on the Government to "educate the public towards the acquisition of national bonds for its sedate specific period of documented financial benefit is relatively good.
The optional savings by citizens offers financial institutions the Government large cash block without the need for external borrowing which doesn't fill only a fraction of government sectors. "
The Iraqi Central Bank, headquartered in Baghdad and the President has four branches in Basra and Sulaymaniyah and Erbil, Mosul, founded as an independent Iraqi bank under the Central Bank of Iraq Act of 6 March 2004, the Bank has the responsibility of maintaining price stability and monetary policy implementation, including exchange rate policies and management of foreign reserves and the issuance of currency management, in addition to the regulation of the banking sector.
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