Seven: Quote: Frank26: “Unknown to the net at this moment is that there has been a Change to the Dec 7th IMF Meeting ......... To the 5th. This is GIGANTIC .......”
Gigantic? I'd say it is GINORMOUS!!! Moving an IMF meeting up a couple days seems to imply that Iraq is ready and doesn't want to wait.
Thank you Frank! Excellent. Go Iraq!
Putifiers: "CAPITAL FLOWS": Review of EXPERIENCE" Nice title... (see article below)
CSHessman: I agree Purifiers,This is what Delta has been preaching and teaching us about Iraq needing Freedom of Capital movement. aka Full Tilt International
Frank26: i will Shock and Awe You MONDAY......... And Prove it ........... For You do not realize the ground You stand on…….Aloha Dreams of Reality.
Walkingstick: IMF Executive Board Calendar
December 05, 2016 Go to top of page
Title: Capital Flows: Review of Experience with the Institutional View
Title: Iraq - First Review Under the SBA
Don961: Parliamentary Economic confirms that the parliament is obliged to vote on the budget before the legislative recess
November 27, 2016
Parliamentary Economic Commission confirmed, on Sunday, the House's commitment to approving the budget law for next year, despite the end of the legislative term in accordance with the rules of procedure of Parliament, likely improvement in the economic reality of the country in the next year.
Said committee member Najiba Najib, said that "the financial budget for next year will approve the law until the status of the legislative term ends due to a clause in the rules of procedure of Parliament provides for the non-entry into force of the legislative recess without completing the budget law."
She added, "The contentious issues between the members of the House of Representatives superficial and useless because there is the possibility of adding an item or a sum of money as a result of public austerity in the state."
Najib pointed out that "the budget next year will be better than the years 2016/2015 due to the completion of military operations and rising world oil prices and the return of displaced people to their areas as well as the re-run some factories shut down because of the war."
Walkingstick: Iraq receives four billion dinars as a loan from the World Bank next month
Economic Adviser to the Prime Minister revealed the appearance of Mohammed Saleh, Sunday, that Iraq will receive four billion dinars as a loan from the World Bank, the start of the month of December next.
Saleh said, L / balance News /, that "Iraq will receive four billion dinars as a loan from the World Bank loans of the seven major industrialized nations and the European Union, the start of December next."
He said economic adviser, said: "The loan is allocated to support the general state budget for the purposes of investment projects, which include support for various projects, including vital infrastructure destroyed and the rehabilitation and reconstruction of the affected areas," .anthy 29 / A 43 areas
PinkShell: how can the budget be approved with new rates if the RV has not happened...wouldnt the GCR need to be first?
Tishwash: pinkshell they have paid out of budgets for 3 years without opening them totally so if they open the budget with the new rate then it tells the whole word the rate before the actual RV, they could RV the world knows the rate and then open all 3 budgets from 2014, 2015 and 2016 which is what they have said they will do... but we wait
Nbk2gih: I believe the budget is waiting on the rate
Yada: that is possible too,,nbkeqih
Pearle: The currency will be valuable again IMO but they need to put things in place to guarantee they never have to be back in this position...at least I hope that is what's happening
Speedy: This thing now is bigger than any one person's agenda !!! That is great news for us !!! I think We are relatively close !!!
Harambe: Bloomberg: Zimbabwe to Introduce Bond Notes on Nov. 28 to Help Ease Currency Crunch http://bloom.bg/2fCdSzC
"Zimbabwe will release dollar-backed bond notes with a daily withdrawal limit of $50 on Nov. 28, the central bank said, as the Southern African nation grapples with a shortage of currency....
“The bond notes will be released into the market through normal banking channels in small denominations of $2 and $5 to fund export incentives of 5 percent which will be paid out to exporters of goods and services and diaspora remittances," the Reserve Bank of Zimbabwe said in an e-mailed statement on Saturday.
The use of bond notes within the multicurrency exchange system which are anchored to the $200 million facility will operate along the same lines as bond coins," the bank said. Zimbabwe is facing currency shortages which has seen banks limiting withdrawals to $40-$50 a day from $300."
Tishash: I like this article it is saying the banks are flush with cash, Iraqi banks I wonder what kind of cash?? Hmmm
A government source: coordinating with integrity to check on cash Balravedan and Rasheed
National Center Brief / NNC - the beginning of a government source said, if there is some government banks fail to work the bank for reasons out of their revenues, pointing out that " the central bank works to body integrity to check on the safety of cash in the banks.
The source , who declined to be on condition of anonymity that "some government banks resorting to" loan of last resort "of the central bank in order to preserve the financial market in Iraq 's stability, pointing out that the central bank is a bank bank loans to those banks exchange."
He continued that " the Central Bank is working on loans Exchange financial banks and civil banks of industrial, agricultural and housing development to support the liquidity of the economy in Iraq. "
and called for economic and investment commission in parliament last week, the General Secretariat of the Council of Ministers sent the draft Central Bank and the Banking Act , the government for the purpose of modified and approved by parliament. LINK
ADMINBILL : DEFINITION OF "CHRISTMAS CURRENCY". CHRISTMAS CURRENCY CONSISTS OF ALL DENOMINATIONS OF BRAND NEW CRISP CURRENT UST NOTES OF ALL DENOMINATIONS THAT HAVE BEEN SET ASIDE FOR BANK CUSTOMERS TO GIVE AS GIFTS.
Grandma: Any new intel for the RV/GCR yet today????????
Wizofog14: Did they postpone the 2017 budget or something? I like the postpone. Just like Kuwait said nah then boom the next day
DSS: The zwd is now showing up on forex http://zwd.fxexchangerate.com/usd/
Snickers: DSS If that ZWD rate is legit, that's a very very nice roi.
Scotchie: Snickers, that rate on the zim has shown up on my currency exchange for years....
DSS: Ive seen it on xe but first time seeing it on the forex website….It is also only showing history since 11-14-16 and first time ive seen it at this rate also 50 ZWD = 0.13816 USD