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Dinar Updates Wednesday AM Chat 8-24-16 Part 3 of 3
rcookie says():INTERESTING PIECE ON ISX...AND INSIGHT INTO RESISTANCE OF ACQUIRING CITIZENRY INVESTMENT AND SAVINGS CONFIDENCE..
rcookie says():THIS IS GOOD STUFF...
rcookie says():Iraqi Stock Exchange and the efforts to revive the lost
August 24, 2016 in the media center , articles comments on the Iraqi Stock Exchange and lost efforts to revive closed
Organized by the Iraqi Stock Exchange in the first half of this year, four workshops as part of its efforts to attract local and foreign investments And the dissemination of investment in securities between various segments of society, and to attract savings, and the establishment of joint-stock companies, and strengthen investor confidence culture.
The discussions during these workshops, that the recession in the Iraqi economy caused by the significant decline in oil prices since 2014, and the costs of the war on terrorism, and other economic accumulations, led to a decline in the rate of growth in gross domestic product to 0.5 percent, the high unemployment rate to 30 percent, and the high level of poverty to more than 25 percent, and the fall in the savings ratio in exchange for the high proportion of compactness.
Those factors combined have led to the decline in banking and economic sectors, share prices in the trading market rates ranging between 50 and 85 percent.
The right of officials in the Iraqi Stock Exchange Find ways that make them successful body, but in light of the circumstances in which they operate and the results achieved, the quest to make it successful requires a body another kind of effort.
The problem of the Iraqi Stock Exchange is that the most important companies, namely, mixed companies (no contribution from the public and private sectors), which was established mostly in the eighties of the last century and was a successful performance standards and competing demand for its products, collapsed and stopped their activities influence the policies pursued by successive governments since the occupation in 2003, especially trade policy, which has adopted an open-door style on imports from all sources, so these companies are no longer able to compete with imported goods, most of which stopped working in total or partial form.
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rcookie says():Add to that, several conditions, including the lack of security, terrorism and the spread of corruption and the migration of industrialists, have a negative impact on the possibility of the establishment of new companies, except banks, which has been associated with established influence and money for some parties and politicians who Offersthm occupation era.
banks contributed 64 percent of the total Iraqi Stock Exchange shares, as opposed to 36 percent for all other types of companies.
In light of these circumstances in which stopped working successful companies lost shareholders wealth, which they invested in, followed government policies that do not encourage the establishment of new companies, and the high rate of poverty in the Iraqi people to more than 25 percent,
and the high proportion of compactness due to a lack of confidence put banks , any efforts or the efforts made by stakeholders in the stock exchange for the deployment of investing in the stock market culture and attract national and foreign savings, efforts are considered lost.
What should the Iraqi Stock Exchange is seeking to him in these circumstances is to address the government and not the public address. Valmswol about the current stock market situation is the government's policies, especially trade policy,
and rampant financial corruption to a degree unprecedented since the founding of the first Iraqi government in the twenties of the last century, and not to adopt policies that encourage Iraqi Industrialists living abroad to return to Iraq and the exercise of industrial activity and agricultural produce, including companies new and successful intervention in the stock market, not to mention their laboratories restart stalled work since the start of economic sanctions in the nineties of the last century.
If addressed the stock of State for Financial and Economic Committee and urged in Parliament on the accountability of those concerned in the government on the feasibility of continuing the policy of the doors of legislation in front of all kinds of imports, and opened a serious dialogue and feasible with mixed companies to determine their needs and rehabilitation even resume their activities, the Iraqi Stock Exchange exercise futile efforts to increase efficiency their work and enhance their role in economic life.
It is hoped that there is the end of the war on terrorism and to achieve security and reduce corruption in the near future, a suitable environment in which the stock market can address the audience and attract their savings and the dissemination of investment in securities, including culture.
Intelligent sincere Khalidi Quoting Al-Hayat newspaper
larrykn says to rcookie():good article, I'm thinking once they get rid of Isis pass the A&J law an revalue their currency , things will change in Iraq
rcookie says to larrykn():THEY ARE CHALLENGING AND ATTEMPTING TO CHANGE THE LAW THAT REQUIRES MEN TO GET CONSENT FROM FORMER WIFE IN ORDER TO REMARRY.....'
rcookie says():THATS RICH....
larrykn says to rcookie():could you imagine that happening here :D
rcookie says to larrykn()::D
rcookie says to larrykn():WOULD BE A 50 YEAR BACKLOG....
larrykn says to rcookie():at least :D
rcookie says to larrykn():PUT THE WEDDING INDUSTRY OUT OF BUSINESS...
Okie Dinar says to rcookie():That would be quite entertaining!
larrykn says to Okie Dinar():or a lack of divorces :D
rcookie says():Keywords confirms its support for the development of marsh
Local Since 24/08/2016 16:03 pm (Baghdad time)
BAGHDAD - balances News The Secretary-General of the Council of Minister Mahdi Keywords, Wednesday, support for civil society organizations to contribute to the aim of developing the marshes.
The Development Centre in a statement received / balances News / copy of it, "the Secretary-General of the Council of Ministers Mahdi Keywords met Prime Development Centre Laith inch to deliberate on the second national conference to revive the marshes,"
pointing out that "In the meeting, trading for a national conference to develop and invest in marshes and in line with environmental requirements after the accession of the marsh to the World Heritage list. "
He stressed Keywords According to the statement, "his support for civil society organizations to contribute to the development and the development of marsh and parking the government to achieve development in the region."
For his part, head of the center Laith an inch, "thanks to government institutions and the completion of all the development of environmentally friendly projects adapted to the conditions laid down by UNESCO" .anthy 29/9 P
rcookie says(): Parliamentary Finance: the oil agreement between Baghdad and Erbil will be included in next year 's budget
24-08-2016 04:13 PM He stressed the Finance Committee member Ahmed Sarhan, that the oil agreement signed between Baghdad and Erbil will be included in the draft next year's budget law, noting that the share of the 17 region in the budget was a dead letter in recent years.
Ahmed said he will be the oil agreement between the province of Arbil and the inclusion in the budget next year, handing the region's share budget requirement, amounting to 17%. '
He said Ahmed, a deputy from the Kurdistan Alliance, the region's share in Moanh over the past years has been a dead letter, because of the government's failure to send the provincial allocations amounting to more than a billion dollars a month, stressing that the violation of the Kurdistan region to agree the oil and export oil directly, it came in response to not to send the government to the region's share '.
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rcookie says():Third:Allocations of provinces, and provinces not organized in a region taken into account according to the ratio of their population, out of the total expenditures shown in Table D / Sovereign Expenditures attached to this law after excluding the share of the Kurdistan Region, amounting to 17%.
rcookie says():Article 11:The share of the Kurdistan Region and the provinces not organized in a region will be reassessed in the general Federal Budget for the year 2016 and beyond in light of the results of the census for the year 2016, in the light of which the actual amount of the share of the region, or provinces not part of a region shall be determined in the Federal Budget for the year 2017 and the difference shall be presented to the Federal Cabinet for calculation.
rcookie says():LOOK FAMILIAR?.......
rcookie says():THAT IS RIGHT FROM THE 2016 BUDGET LAW....
rcookie says():Saleh: the financial budget for the next year in 2017 of more than $ 100 trillion Iraqi dinars
24-08-2016 04:12 PM Financial Advisor to the Prime Minister emphasized the appearance of Mohammed Saleh, said that the budget for fiscal 2017 will be approved before the end of the current year.
Saleh said the financial budget for next year will amount to more than 100 trillion dinars, the price of oil to $ 35 a barrel, with the exception that it will mark the transition from war to economic peace, and it will enter into another phase is the construction and reconstruction phase and convert a lot of military expenditures to the construction costs and provide thereby it ends to serve a new stage in the life of Iraq.
larrykn says to rcookie():I know when they revalue the price of a dinar is a dinar but the value rises, what will that do on buying power to the budget whent this happens
rcookie says():raqi president meets with Stuart Jones, joint cooperation to fight Daesh By Roudao 34 minutes ago
Roudao - Erbil On the occasion of ending his tenure, search the president, Fuad Masum, on Wednesday, with US Ambassador to Iraq "ended Manmah," Stuart Jones, cooperation between the two countries in the hunt Daesh cells.
According to a presidential statement seen by Roudao Media Network, the "President of the Republic Fuad Masum, received at the Peace Palace in Baghdad on Wednesday, US ambassador to Iraq, Stuart Jones, praised during the meeting on Jones's efforts in the development and pace of the bilateral relations between Iraq and the United States, and wished him success in the next office. "
He is pointing out that the "infallible president stressed the depth of the friendship between the two countries and the desire to develop in various fields, stressing" the importance of enhancing cooperation between the two countries in the hunt Daesh cells, which now poses a threat to the security of the whole world. "
For his part, US Ambassador according to the statement, "his country's readiness to continue its support for Iraq in its war against terrorism and humanitarian relief View of the displaced families and the reconstruction of liberated areas."
rcookie says():THE BUDGET HAS AN OPERATIONAL SIDE AND INVESTMENT/DEVELOPMENT SIDE WHOSE PURCHASING POWER WILL INCREASE WITH VALUE CHANGE...
larrykn says to rcookie():ty I was thinking that but wasn't sure :)
clay says to rcookie(): so if budget is for 2017 do you feel we may not see arate change till then
rcookie says():MORE IMPORTANTLY IS (PPP) PURCHASING POWER PARITY RELATIVE TO EXCHANGE RATES BETWEEN COUNTRIES IN TRADE RELATIVE TO THE PURCHASING POWER OF EACH COUNTRY'S CURRENCY....
rcookie says():Purchasing power parity (PPP) is a theory in economics that approximates the total adjustment that must be made on the currency exchange rate between countries that allows the exchange to be equal to the purchasing power of each country’s currency.
rcookie says():BREAKING DOWN 'Purchasing Power Parity - PPP'
To make a comparison of prices across countries that holds any type of meaning, a wide range of goods and services must be considered.
The amount of data that must be collected, and the complexity of drawing comparisons, makes this process difficult. To facilitate this, the International Comparisons Program (ICP) was established in 1968 by the University of Pennsylvania and the United Nations. Purchasing power parities generated by the ICP are based on a worldwide price survey.
rcookie says():Using PPPs is the alternative to using market exchange rates. The actual purchasing power of any currency is the quantity of that currency needed to buy a specified unit of a good or a basket of common goods and services.
PPP is determined in each country based on its relative cost of living and inflation rates. Purchasing power plus parity ultimately means equalizing the purchasing power of two differing currencies by accounting for differences in inflation rates and cost of living.
Every three years, the World Bank constructs and releases a report that compares various countries in terms of PPPs and U.S. dollars. These reports, evidenced through charts and graphs, reveal that typically when PPPs are used, the gap that exists between wealthy countries and poverty-stricken nations is narrowed substantially.
rcookie says():THIS IS WHY EVRY TIME YOU HEAR AN ECONOMIST TALK ABOUT THEIR CURRENCY VALUE NEEDING TO BE ON PAR OR ABOVE THEIR BORDER PARTNERS AND INTERNATIONAL TRADE PARTNERS....
Stay Tuned …….. More To Come……….
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