Post From Dinar Updates
Chat Room Excerpts & Highlights
Dinar Updates Wednesday PM Chat 5-25-16 Part 1 of 3
rcookie says():What included a letter sent to Ebadi Jubouri?
25/05/2016 21:20 Number of Views: 506 0 LikesTomorrow Press / Baghdad:
Called on Parliament Speaker Salim al-Jubouri on Wednesday, Prime Minister Haider al-Abadi to prevent any party promoted to convert the battle into an opportunity "sectarian mobilization."
Jubouri said in a statement received by the Office "tomorrow Press", "The latter sent an open letter to the commander of the armed forces, Prime Minister."
Message reads as follows:
In the name of of Allah the Merciful Brother, Prime Minister and Commander in Chief of the Armed Forces Dr.. Haider al-Abadi
While congratulate the Iraqi people great and you armed and our forces and volunteers Champions victories successive clear progress in military operations and the collapse of Daash terror and defeat imminent in the city of Fallujah, forbearing calculated,
we at the same time are keen to accomplish this victory is it a national consensus source and miss the opportunity on this criminal organization and all the predators who are looking and discord and discredit this victory and jammed it,
and so all we can hope is achieved and we wish that we mentioned we wish on your state directive to prevent any point of trying to undermine this victory by promoting to convert the battle into an opportunity to mobilize the abhorrent sectarianism that Gadrnaha our unity and cohesion the unanimous agreement of our meeting
and to reject terror and Daash Mqatlth and confront it in all fronts and all the sons of Iraq from the men of defense and Interior and the Federal police and the popular clan and the crowd.
At the same time, our confidence will never be shaken Bmqatlina heroes as they register their victory with confidence stems from the professionalism that Antahjhoh in their battles,
most recently the battle to liberate wetlands where our forces provided the highest degree of professionalism in the neutralization of civilians, on the basis of this principle,
we emphasize the need to repeat this outstanding professional experience and break all bookmakers reliable this cowardly organization in trying to hunker down unarmed civilians who reject its existence,
and their brothers who are waiting every moment to unwind them and let them go this restriction of the families of these criminal terrorist group
God save Iraq and its people
And mercy to the martyrs And healing for the wounded Peace, mercy and blessings of God.
rcookie says():JABOURI OPEN LETTER TO ABADI..........
daytrader says to rcookie():Interesting that he thought the letter necessary, unless it was more directed at the population and obstructionists.
rcookie says to daytrader():PUBLIC STATE OF UNION AND CONFIDENCE...
daytrader says to rcookie():I can see that. It would be in conjuction with Jabouri's recent meetings and announcement with Masum for national reconcilliation.
Dr Dave says():and confidence that he gets to keep his job now.....
Dr Dave says():Man they have so much to do on Sunday......
daytrader says to Dr Dave():Should be an interesting day for sure.
Dr Dave says():Jabs keeping his job...looks sounds all is good from the best of my translation
daytrader says to Dr Dave():Think Jabouri has been confident from the beginning, but today's court decision is only on one of about six suites the obstructionists have brought. The big one is still out there; was the vote to replace him legitimate. Since we know who's behind the shenanigans, it should not be a problem but M's judge is the one ruling on the issue. So far, he's playing ball with Abadi, but we'll see.
daytrader says to Dr Dave():suits. Stupid keyboard!!
daytrader says to Dr Dave():We all hope to be long gone before this all gets resolved.
rcookie says():Alnasiri must reconsider the structure of funding
5/26/2016 0:00 BAGHDAD - Shokran Fatlawi confirmed expert in banking affairs need to develop a proactive plan to prevent the bankruptcy and the collapse of some banks that would sustain the banking wheel under the current circumstances by using tools for new applications monetary policy mechanisms.
He noted the economic consultant Baghdad forum Samir Abbas Alnasiri in his speech « Sabah », to the importance of amending banking legislation governing the banking work for the advancement of the services provided to the public beneficiaries.
alluded to the need to reconsider the instructions and implementing regulations and guidance on application of monetary policy as well as a proactive regulatory system for accurate monitoring of implementation in relation to the external switch is private auctions currency
which is overseen by the central bank and the development of new mechanisms for external conversion and documentary credits, as well as study the possibility of leaving the currency auction and find a substitute for it , to control the dinar exchange rate against foreign currencies.
DIGIman1 says to clay():its bad if the shop is a disaster, yes....
clay says to DIGIman1():sorry to hear
clay says to DIGIman1():hope we can both quit our jobs real soon
rcookie says():and Alnasiri suggested that the issuance of small and medium companies Act and Minor to help create jobs and reduce the high unemployment rates exceeded 28 percent and the issuance of the deposit Insurance Act, the credit guarantee and loans and the establishment of professional companies in order to contribute to the economic and social development plans and poverty reduction ratios.
He continued, in spite of the central bank initiative firing Strutijeth for the years 2016-2020, to achieve financial stability and development of the banking system according to the points of new mechanisms of action, but that does not prevent the central do set priorities through cooperation with the Ministry of Finance analysis of the current financial situation
and is expected to banks for 2016 and determine the need actual liquidity to sustain cash trading in the Iraqi market and stimulate the economic cycle in all areas.
move the economic cycle and sees Alnasiri to activate the financing of small and medium - sized private enterprises it is a social objective and economically a special urgency to have the Iraqi Central Bank the role of supervisory and regulatory effectively the priority, as well as development initiatives and activating and expanding and doubling the allocations to 10 trillion dinars.
rcookie says():He pointed out that the structure of the current bank financing riddled with obstacles and failures, pointing to the importance of increasing the credit product and financing from banks and activate their contribution to the diversification of the various aspects of investment and reconstruction and advancing the process of development and move the economic cycle in the country.
adoption of censorship proactive also suggested activating the role of state banks and specialized banks and private banks to provide soft loans for the national private sector,
as well as finding solutions to the problems of tax accumulated and the benefits resulting from the owners of the stalled projects for production solutions is accompanied by the development of short and medium - term fiscal policy depends proactive control,
audit and evaluation to be continuous coordination between fiscal and monetary policies and the development of operational mechanisms in this area.
secure legal requirements promised Alnasiri secure legal and technical requirements for twinning widespread among government banks and private banks on the one hand and between the international banks on the other hand,
evolutionarily target of the payments system and modernize and regulate monetary and financial trading operations which according to the latest modern electronic banking systems applied in the countries of the world accompanied by a review and evaluate and re - classification of banks according to the efficiency standards of performance and activity adoption
based on the international standards in the process of review and evaluation accredited international neutral accounting institutions and under the supervision of the Central Bank.
He concluded Alnasiri his speech by referring to the importance of the Central Bank to prepare an analytical study to review the reality of banks in the light of the financial results for 2015 and to take critical decisions Bhikltha and merging small size and weak banking activity with large and discreet banks with a view to the development of the private banking sector,
such that the banking merger specific rules and means to address the problems and constraints of working for the sector banking and move him from the role of banking to the developmental role.
rcookie says():PLEASE READ THAT PIECE....
BUCK says():would this be an omportant line??? "new mechanisms for external conversion and documentary credits, as well as study the possibility of leaving the currency auction and find a substitute for it , to control the dinar exchange rate against foreign currencies" i like the thought
subgirl says to BUCK():I do too!!! (y) :)
R&R says to BUCK():Yes IMO! That language sounds exactly like a need to (a) eliminate the dollar auctions; and (b) eliminating exchange rate restrictions. Both requirements under the LOI/SMP! Instead of the CBI selling USD to control currency rates/inflation, the dinar needs to trade freely in the currency markets with no internal domestic competition (i.e., no muliple currencies) (y)
rcookie says():SO TALKING ABOUT RECONSIDERATION OF FUNDING AND IDENTITY OF BANKING STRUCTURE.....
ECONOMIST ALNASIRI STATES THE IMPORTANCE OF PROACTIVE PLAN TO PREVENT BANKRUPTCY AND COLLAPSE OF SOME BANKS AS THEY NAVIGATE THE PRIVATIZATION & RESTRUCTION PROCESS..
THROUGH AMENDING BANKING LEGISLATION GOVERNING THE GUIDANCE & REGULATION OF APPLYING MONETARY POLICY...
AS WELL AS ACURATE MONITORING AND OVERSIGHT MECHANISMS OF TRANSITION OF PRIVATE CURRENCY AUCTIONS OVERSEEN BY CENTRAL BANK...
AND THE DEVELOPMENT OF NEW MECHANISMS FOR EXTERNAL CONVERSION & DOCUMENTARY CREDITS...
AS WELL AS STUDY THE POSSIBILITY OF LEAVING THE CURRENCY AUCTION AND FIND A SUBSTITUE FOR IT......WHAAAAAAAAAAAAAAT!!!!!!!!!!!!!
rcookie says():TO CONTROL THE EXCHANGE RATE AGAINST FOREIGN CURRENCIES!!!!!!.......
JETSET says():i've got a good suggestion for a substitute!!! (lol)
sassy says():rcookie WOW
sassy says():Jetset hmmmm let me think now lol
_firefly_ says():Lifting arms ban, a necessary step towards full normalization of Vietnam-US ties
Soonergirlie says():thank you rcookie
risk says to rcookie():We've heard this exact language in the past.....IMO...this time their going to get it done
clay says to _firefly_():Go Dong
sassy says():rcookie great find thank you
_firefly_ says():May 24, 2016 by vovworld Leave a Comment
(VOVworld)- The US has lifted the decades-long ban on lethal weapons sales to Vietnam. The decision was announced by visiting President Barack Obama to the media after his talks with Vietnamese President Tran Dai Quang in Hanoi on Monday.
bibi says to rcookie():Thank you for bringing that in, Rcookie. Awesome. :)
_firefly_ says():Washington imposed its arms embargo on Hanoi dozens of years ago. Under embargo US companies were prohibited from selling military equipment or parts to Vietnam. The embargo was the last major barrier to improved bilateral relations.
In October 2014, the US partly lifted the ban to help Vietnam consolidate its ability safeguard maritime navigation. US officials and Congress members have voiced growing support for fully lifting the embargo.
Necessary step to fully normalizing relations
The US and Vietnam are improving their defense ties as President Obama confirmed Washington’s decision to wipe out a “lingering vestige of the Cold War”. Mr. Obama said: “At this stage both sides have developed a level of trust and cooperation, including between our militaries, that is reflective of common interests and mutual respect”.
Vietnamese President Tran Dai Quang praised the US’s full lifting of the arms ban, considering it vivid evidence of a full normalization of ties.
_firefly_ says():Positive public response
US Congress members said they support President Obama’s move. In a statement, Republican Senator Bob Corker said the Congress will work with the administration to make sure a major policy shift is in place. Ned Foote, a Vietnam war veteran, who heads the New York State Council of Vietnam Veterans of America, welcomed the government’s lifting the ban on US arms sales.
Mr. Foote said the US long ago “forgave Germany and Japan for World War II, so there’s no reason not to do the same with Vietnam”. Bernard Edelman, Deputy Director of Government Affairs for the Vietnam Veterans of America, said the war is over and the US has tried to build bridges to the Vietnamese.
Lieutenant General Pham Xuan The, former commander of Military Zone 1, described the event as a milestone in bilateral diplomatic relations with the last war legacy eliminated. It will step by step open new cooperative framework in the defense industry, and weapons development.
Tran Viet Thai, Deputy Director of the Institute for Foreign Policy and Strategic Studies of the Ministry of Foreign Affairs, said the lifting arms ban creates opportunities for US companies to cooperate with Vietnam.
rcookie says():TALKS ABOUT THE MECHANISMS IN PLACE THAT WILL POSITIVELU IMPACT THE HIGH UNEMPLOYMENT RSTE (28%)...
SUCH AS THE SMALL & MEDIUM COMPANIES ACT...DEPOSIT INSURANCE ACT... GUARANTEE & LOANS ALL CONTRIBUTING TO ECONOMIC ENGAGEMENT & GROWTH...
rcookie says():MENTION THE CBI STRATEGIC PLAN FROM 2016-2020 TOWARD ACHIEVING FINANCIAL STABILITY & DEVELOPMENT OF BANKING SECTOR...IS GOOD START...
BUT DOESNT STOP THE CBI TO SET A PRIORITY TO COOPERATING WITH MOF IN ANALYZING THE CURRENT FINANCIAL LANDSCAPE FOR BANKS IN 2016 AND DETERMINE ACTUAL CASH LIQUIDITY NEEDS NECESSARY TO SUSTAIN CASH TRADING IN THE IRAQI MARKETPLACE AND DRIVE THE ECONOMY IN ALL AREAS.....WOW!!!!!
Mudder says():I wonder if the US companies are cooperating with the suffering vets?????