Post From Dinar Updates
Chat Room Excerpts & Highlights
Dinar Updates Wednesday AM Chat 7-13-16 Part 3 of 3
dinarmassa says to clay():if one of their biggest trading partners is Kuwait, why come out a buck. Again, come out at a buck draw the 25000 notes, then jump comparable to Kuwait, maybe a touch higher:P
Baxter says():If I remember correctly... they can only raise or lower the rate 2% every 90 days.. so If it comes out at a buck.. it may be a long time to get to 3 dollars...
dinarmassa says to clay():haven't heard to much discussion as to the advantages of the US cashing in Dinars, thought Petro dollars come into play, but pretty quiet on that topic
clay says to dinarmassa():I think close to kuwait
jarhead says to clay():u think too much :D
clay says to jarhead():that too (lol)
jarhead says):sounds good but i really feel itll b more than that...otherwise the dollar stays their currency imo
clay says to jarhead():I agree
clay says to jarhead():has to be what it was if not more
jarhead says():if the cbi sets the rate im wondering what it'll take to get approvals from imf and all
tman23 says():Kurdish MPs to Leave Baghdad for Intense Security Situation........Sadrists are expected to lead a large scale demonstration next Friday.......
The security situation in Baghdad is expected to be intensified as the Shi'ite militias, affiliated to the former Iraqi PM Nuri al-Maliki, will perform a military maneuver in Baghdad in response to Muqtada al-Sadr's threats, said the Kurdish MP.
The Kurdish MPs however will return to Kurdistan Region after the parliamentary session on Wednesday, Sadrists to Demand Iraqi President and PM to Step down.....
Sadrist Movement, an Islamic Shi'ite movement led by the prominent Shi'ite cleric Muqtada al-Sadr in Iraq, is concerned with the current security and political situation of Iraq and is demanding drastic changes in the government, including the overthrow of the president and prime minister..........
Sadr's trip through Karada district in military uniform and his demand for a popular demonstration has been interpreted as an act to show his intention of taking over the power in Iraq.
foxmulder says to jarhead):and the drama continues !
tman23 says(): What we know for a fact.....and for the very first time in Iraq...... The Big Banks in all regions are communicating with the CBI and the rate when the rate flucuates 127,000 or 127,500.......
it is the same at the same time in these major banks....... this started this week and has been consistant enough to say they are on CBI protocols now.......
rcookie says():Iraqi national bonds strengthen private sector activity
13-07-2016 06:46 PM Oil Minister Adel Abdul - Mahdi, said that «between 400 thousand people and 500 thousand being prepared annually for the labor market, while the state is saturated in the form outpaced the ability of absorbed», adding that «it requires finding solutions activate the private sector and bring about a holistic coup in the central perception of the state, as they look to the private sector and not a follower Nada. »
He stressed in an intervention during the dialogue seminar held by the Iraqi Economic Council, on « the need to revitalize the banks, because no matter how the banking sector is weak passes activate the economic movement in which», pointing out « the need for education and encourage savings and re - lending the benefits of a simplified, though the state bore a part, to stimulate certain sectors ».
He said: «it is necessary to give the role of the private sector and deal with him as a partner in economic construction and not a competitor, and we also recognize that the government is a failed businessman and corrupt».
The Chairman of the Economic Council of Iraq Ibrahim al - Baghdadi, the «Early steps that action by the Council in order to activate the idea of bonds in collaboration with the Central Bank and the Office of the Prime Minister». He called on the central bank governor to «not these bonds caused losses for the business as a result of the government banks deducted».
He praised the role of «Central» in «approval of the direct exchange of these bonds, but afraid to delay the launch and the discount percentage of its value, leading to damage to corporate credit as a result of delayed dues in exchange for more than two years, in addition to the loss realized by the decline of the dinar exchange rate by 7 percent".
In addition, he explained the central bank governor on the Keywords that «92 percent of the budget is from oil revenues , only eight percent of the rest of the other local resources, while economic balance sustainable imposes secure balance between revenues and income, and in this case is the ratio of eight percent only sustainable resources. »
The «work to find any solution helps to support investment and stimulate economic activity, to strengthen the Central Bank 's role and responsibility in the economic revitalization». He disclosed that the «total Sakarzh the central bank to the government until the end of this year, up to 30 trillion dinars (about US $ 25 billion)».
Read More http://www.dinarupdates.com/showthread.php?36971-Iraqi-national-bonds-strengthen-private-sector-activity-7-13&p=156217#post156217
rcookie says():ABADI APPOINTS MAJ GENERAL MOHAMMEDAWI INSPECTOR GENERAL OF DEPARTMENT OF DEFENSE....
NWBeauty says():PROGRESS !!
rcookie says():ALLAWI CALLING FOR SPEEDY PASSING OF CONSCRIPTION LAW TO RESTORE THE PRESTIGE OF THE IRAQI ARMY AND SUPPORT THE UNITY OF THE IRAQI PEOPLE.....
rcookie says():IRAQI FORCES 60 KILOMETERS FRO CENTRAL MOSUL....
ogg says():can someone explain to me if they are about ready to RV or revalue why do they need loans?
NWBeauty says():PRIME THE PUMP
ogg says():Prime the pump I wish somebody would pry my pump
billionaire says to ogg()::D
ogg says():how about it hunts and you got a good explanation why loans are needed
NWBeauty says():Special Drawing Rights under Standby Agreement with IMF
Hutch says to ogg(THATS AN EXCELLENT QUESTION FOR NEWSTIMES AFTER CHAT CALL TONIGHT
diagyAAAE says():Interest based. If Iraq is coming out Intl, you best believe that IMF wants them under their wing and supervision IMO
clay01 says():they need the loans to bridge their budget, remember a dinar will stay a dinar in country
NWBeauty says():I'm listening to RCookie explain it right now from the AFter Chat of 10 July
clay01 says():the govt still spends the most money in iraq, so they have to still cover their budget
NWBeauty says():they EARNED the right to borrow against their own SDR Assets
Hutch says to NWBeauty():I HEARD THATS A PRETTY GOOD SOURCE ! LOL
ogg says(well rcookies here. can you give a quick overall answer
NWBeauty says():LoL Hutch
rcookie says():WHERES JIMPLANTS....
ogg says():he plants in the ground and then waters
Woodywoodpecker says():waters world
ogg says():she already talks about my shrinkage lol
jimplants says():right here RC
NWBeauty says():the disussion of the counter proliferation gear (FRAUD) being sold to Iraqi's BOILED my BLOOD
NWBeauty says():there is still a TON of $100's of Millions in our RPAT lots and DMIL zones
rcookie says to jimplants():THIS ONES FOR YOU
NWBeauty says():that worked like butter for years !!
rcookie says to jimplants():Basra is open to companies and Amsterdam, the Dutch are talking about honorary consulate
Wednesday 13-07-2016 | 4:43:32 Twilight News / Search Committee Chairman oil and gas in the Basra Governorate Council jurist Ali Shaddad jockey with the Dutch ambassador to Iraq, Jan Hendrik Valtmans during his visit to the city of Basra, the prospects of mutual cooperation and activating the economic, service and investment aspects.
Knight said in an interview with Lord of Twilight News, that the local government had invited the Dutch companies to enter the province of Basra and see the reality in which the investment, "he said, adding" that the province possesses many of the ingredients for success, especially in the field of energy. "
He called Knight Dutch ambassador "to guide the Dutch oil companies operating in the city of Basra, the importance of opening up to the community and strengthen relations with citizens by building the capacity of young people and brought into the training sessions to acquire the professions that enable them to get jobs, pointing out that" the Commission on oil and gas Basra Governorate Council will do its utmost to work with all companies wishing to invest capabilities of young researchers to work and assist them in the areas of development training. "
For his part, the Dutch ambassador in Iraq, "Jan Hendrik Valtmans" announced his country's desire to open honorary consulate in Basra province in the coming days, noting that "this consulate will increase the opportunities for joint cooperation and trade exchange between Basra and the Netherlands."
The Netherlands has a great desire to help Iraq and the introduction of investment subsidiaries to work in the city of Basra," pointing out that "the two modes of security and investment in the city of Basra encourage international companies to enter the province and investment in the energy sector and the rest of other areas.
Read More http://www.dinarupdates.com/showthread.php?36975-Basra-is-open-to-companies-and-Amsterdam-the-Dutch-talking-about-honorary-consulate&p=156222#post156222
Read More :http://www.dinarupdates.com/showthread.php?36934-Wednesday-July-13-2016/page2