Post From Dinar Updates
Chat Room Excerpts & Highlights
Dinar Updates Tuesday PM Chat 6-21-16 Part 2 of 3
rcookie says():The Securities Commission said in a statement received (range) a copy, said that "the Commission decided to stop trading on shares of companies (manufacturing and marketing of Iraqi dates, transporting oil products, economy Bank, electronic industries, Iraqi seed production, modern dyes industries, comprised of financial transfer) for non-compliance with financial disclosure and corporate instruction."
It invited, in hot areas to provide disclosure by the Chairman on the overall position of the company to be returned to trading (modern structural materials, furniture industry, construction materials, Mosul, Fallujah and cities games). "
She continued that organ "Decides to stop trading on shares of companies (financial transfer Iraqi, trustee of remittance, remittance, Arabic Airlines United Baghdad for remittance) after the company registration service authentication on the public authority's decision to change companies company activity from transferring money to an Islamic Bank after the increase of capital.
rcookie says():SO TO OVERCOM LIQUIDITY ISSUE..TALK HERE AGAIN OF BONDS TO COVER PRIVATE CONTRACTORS SERVICES BEING EXECUTED BY 3 STATE BANKS RAFIDAIN RASHEED WITH 50% DOWN PAYMENTS AND TOTALLING 3.5 TRILLON IQD...
AND TBI...AND MENTIONING TRADING HALT TO VIOLATORS OF FINANCIAL DISCLUSURE REGULATIONS...
rcookie says():AND THE PROGRAM BACKED BY FULL AUTHORITY OF CBI TO INSTILL CONFIDENCE...
AND STATES THAT THIS MOVE WILL ACTIVATE THE ECONOMIC WHEELS IN ALL MARKETS OF FINANCIAL TRADING...
THE BONDS ISSUED IN MARCH AS MEANS OF BRIDGING THE 2016 BUDGET DEFICIT WHEN OIL SLIPPED...
rcookie says():ECONOMIST LATIF AL-ANI ASSERTS THAT THE SALE OF THESE BONDS WILL EASE THE LIQUIDITY CRUNCH AND BENEFIT THE DOMESTIC ECONOMY....
AND STATES THAT AS THE COUNTRY EASES THE LIQUIDITY CRISIS WILL LEAD TO EASING AND IMPROVEMENT IN ALL ECONOMIC SECTORS THEREBY INCREASING PRIVATE SECTOR INVESTMENT OPPORTUNITIES NEEDED TO EVOLVE THE STATE INSTITUTIONS...
rcookie says():HE STATES THIS WILL ACTIVATE THE LARGE SCALE AGRICULTURAL AND INDUSTRIAL PROJECTS AND CALLS ON GOV'T TO EDUCATE THE PUBLIC ON INVESTING IN NATIONAL BONDS PROGRAMS FOR PROVIDING FIXED SECURITY AND RETURNS...
david334 says to rcookie():The liquity steps taken by banks are bonds zero coupon which is cheaper than a loan
david334 says to rcookie():Maybe not depends on the discount to face value
rcookie says():OUTLINE THE CBI BRANCHES IN ADDITION TO BAGHDAD IN ERBIL...MOSUL...BASRA AND SULAYMANIYAH FOUNDED UNDER 2004 CENTRAL BANK ACT AND AGAIN OUTLINES ITS MISSION STATEMENT OF MAINTAINING PRICE STABILITY AND MONETARY POLICY IMPLEMENTATION....
EXCHANGE RATE POLICIES...MANAGEMENT OF FOREIGN RESERVES...CURRENCY MANAGEMENT ISSUANCE AND BANKING SECTOR REGULATION....
rcookie says():I DONT KNOW ABOUT YOU ALL....BUT I LOVE READING THAT CBI LAW MISSION STATEMENT OVERVIEW....AND KNOWING IN INK THE IMF WANTS THE CBI LAW AMENDED.......
david334 says to rcookie():juristiction on the CBI law parliment?
david334 says to rcookie():It s a law guess so
rcookie says():YES ...AND BANKING LAW...AND PUBLIC FINANCIAL MANAGEMENT LAW...AND 2016 BUDGET...
david334 says to rcookie():Thanks these are teed up for the 28th hopefully
david334 says to rcookie():Quick question on the import tariffs an export revenue the IMF is looking for smooth collections monitoring and unit growth not dollar growth . Is that right?
chickadee says to david334():28th the tariffs?
david334 says to rcookie():no seperate question. What the IMF would like to see trendwise. obviously that there are tariffs being collected and account for a. Thar the tarrifs are growing and maybe the high volumes are beta testing the tracking technology. I don't no just babbering to my self.
chickadee says to david334():I been busy and got behind on all this and am trying to get upto date. Easier said than done. :D
david334 says to chickadee():Its interesting because the country imports everything, which eventually starts to balance out as Iraqs make products for export. I just can't fathom timing or mechanics. But IMF has high hopes for a better balance
chickadee says to david334():I know
chickadee says to david334():Is parliment out till July something
david334 says to chickadee():28th
david334 says to chickadee():June 28th
chickadee says to david334():okay got it thanks.
david334 says to chickadee():and not out still working. But legal decision on maliki challenge to three presidencies on June28th
david334 says to chickadee():I am repeating what I extract from the analysts so......
david334 says to chickadee():maybe I am close
wmawhite says to david334():tariffs are a revenue item....same as the selling of oil. The use of the currency at its true value is only relative to its use outside of the country.
In other words, if the IQD is used outside of the country to settle foreign remittances at its current article/imposed value then two things take place; 1) the closes of imported goods remain high, and 2) the CBI runs out of IQD because Iraq has to exchange at a 1,000s of times high amount than there are IQD available to the CBI.
wmawhite says to david334():artificial*
wmawhite says to david334():sorry for the mispelling
wmawhite says to david334():1) the costs of goods
david334 says():Thanks Mr. White the current value is inhibiting trade outside the country.
dorisjean says():IT's also inhibiting me from retiring
david334 says to dorisjean():And keeping me on anti anxiety meds
david334 says to dorisjean():However sounds like near term RV is not beyond reason8-|
dorisjean says():it does appear that way at this moment in time
david334 says to dorisjean():My hope is july 15th cause then I can buy my daughter some really nice presents when she turns 16 7?27
david334 says to dorisjean():Like a trip its been seven years
dorisjean says to david334():I got 8 into this thing so far
david334 says to dorisjean():Saved me from Disney Land
david334 says to dorisjean():Eight years since a vacation? You beat me\
dorisjean says to david334():8 years into the dinar. I havent been on a vacation since 2004
david334 says to dorisjean():For me three years but these events do not come along frequently and you now they are not gonna drop in easily . But I am so tired as I know you are.
faith1 says():vacation,,, we'll just have to make a new defination, it's been so long I forget (v)
david334 says to dorisjean():Vacation = a blank mind total decompression. I will go for my closet at this point
dorisjean says to david334():I still view this dinar speculation as still a long shot. Only because anything can happen with Iraq. I still have a job, that is what I am thankful for the most right now.
loop says():Najib: will be voted on international economic agreements soon
June 21, 2016 18:23 Author: alzawraapaper BAGHDAD / Zora: member said in the economic and investment commission in Parliament that the committee will vote on sending international economic agreements by Aovernmh.opent Najiba Najib said "the economic and investment commission adopted the points that have been proposed as a law of investment , which was in line with the economic vision that her campaign committee ,
" noting that " for the time being until the initiative to grant loans to small enterprises was a proposal from the Commission on the economy, investment and adopted by the government."
She added that "there are important agreements, Iraq , in dire need of economic openness with the countries, particularly the industrial, administrative and agricultural side , " indicating that " the past two years , a period when the two correspondences and understandings and coordination between the Commission and the government has given fruitful results but they need time even touched citizen"
.oohart Najib to " the committee of economy and investment is moving toward laws that would build a strong economy legislation , " asserting that " the government has sent to the Commission on international conventions , which in turn is trying not to delay it and vote on them in a short period of time."
david334 says to loop():Thanks Loop thats really encouraging. The commitment is intensifing everyday
faith1 says():yes thanks loop (v) i likey short period of time,,,, started out soon,,, we've heard soon for soo long that i'm sure we all have our own defination of soon ... bahaha gotta laugh folks,,, crying just makes our vision blurey!!
rcookie says():SOME MORE EVIDENCE OF FULL SCALE PRIVATE SECTOR ENGAGEMENT.....
rcookie says():Or: we have concluded contracts with more than 800 million dinars through June
21/06/2016 17:43 Number of Views: 44 Dhi Qar / tomorrow Press:
Revealed ur company for Engineering Industries in Dhi Qar province, on Tuesday, it has signed sales contracts worth 804 million Iraqi dinars during the current month of June, with a number of distribution directorates of the Ministry of Electricity and oil companies and other private sector.
The general director of the company, Haider month, for "tomorrow's Press," that he "was the conclusion of sale contracts worth 804 million Iraqi dinars during the current month of June, with a number of distribution Directorates affiliated to the Ministry of Electricity and oil companies and others from the private sector."
"The sales contracts included electrical cables and pneumatic wire processing outstanding addition to sheets and aluminum cables into electricity Sadr City, Babil, Karbala and the Euphrates with the oil pipelines and the Crescent for distribution circles."
He added that "the Ministry of Industry and Minerals, the company achieved good sales during the month as a result of clear appetite for the company's products and its success in promoting local products process," stressing that "the company is in the process of concluding new contracts with the Southern Electricity Distribution Directorate in Sadr City."
chickadee says():no time for triming trying to catch up on news :)
rcookie says():The Ministry of Construction announced 62 investment opportunity in Dhi Qar
2016/06/21 10:20 Number of Views: 70 BAGHDAD / tomorrow Press: The General Directorate of Municipalities of the Ministry of Construction and Housing and public municipalities, Tuesday, subtract 62 investment opportunities in the province of Dhi Qar.
He said in general municipal director Ali Hussein Abdul Amir said in a statement received "Tomorrow Press", a copy of which, " The municipalities of Dhi Qar Directorate offered 62 investment opportunity in the districts of Shatra by 35 and 27 in the Senate market to exploit all available space and offer investment opportunities for businessmen and investors for the purpose of maximizing the economic resources of the country which will be reflected positively on the provision of better services to citizens.
" for his part, he pointed municipalities director of Dhi Qar Hassan Daadouch Abdolreza according to the statement, that" the municipalities of Dhi Qar Directorate has organized two conferences first in the district of Suq and the second in the district of Shatra and the presence of local government in the province and representatives of the Chamber of Nasiriyah Commerce and the Confederation of businessmen and the Union of industrialists and departments concerned with investment ,
"calling for " investors and businessmen to recruit and attract capital in the field of industry, agriculture , livestock and tourism, education and wealth.
" the municipal director of Dhi Qar, that" the government and local departments concerned and the investment Authority contributed significantly to facilitate the task of investors to enter the Iraqi market by skipping the administrative red tape to attract the largest number of Arab and foreign investors to Iraq.
rcookie says to jarhead():(y)
rcookie says to jarhead():"calling for " investors and businessmen to recruit and attract capital in the field of industry, agriculture , livestock and tourism, education and wealth. " the municipal director of Dhi Qar, that" the government and local departments concerned and the investment Authority contributed significantly to facilitate the task of investors to enter the Iraqi market by skipping the administrative red tape to attract the largest number of Arab and foreign investors to Iraq. "
rcookie says to viacuda():BOY DO WE ALL HAVE SOME QUESTIONS FOR YOU...GOTTA MINUTE....
clay says to rcookie():too funny (lol)
Josie says():"... facilitate the task of investors to enter the Iraqi market by skipping the administrative red tape to attract the largest number of Arab and foreign investors to Iraq. " Works for me !
rcookie says to Josie():YEP.....CALLED SINGLE WINDOW....
rcookie says to Josie():BOULYAAAAAAAH!!