Luvwolfs: watch we are just waiting to see what Abadi does. Clock is ticking ;)
AJTexas: If the international rate on the cards in Iraq is at $1.18, I wonder how many of you are millionaires in theory?
Yada: AJtexas,,the international rate isn't $1.18,,that is Iraq's in country rate only,,the international rate hasnt been released yet…. however,,,even at $3,71,,many of us will be multimillionaires,,,
Lightpirit: tony said on various occasions that the rate in country would not be the same as the US rate
bigRich: The rate you will see will be seen when you get to the bank all else is speculation
AJTexa: At least we know the Dinar is worth $1.18 in country currently.
DAZ: ONE DINAR WILL BE WORTH ONE DINAR..GIVE OR TAKE..IN-COUNTRY. ALL COUNTRIES OUTSIDE OF IRAQ APPLY AN "EXCHANGE RATE" AS EITHER A MULTIPLIER OR DIVIDER....
DAZ: THATS WHY AN IN COUNTRY RATE OF APP 1.18 MAKES SENSE....HISTORICALLY THE EXCHANGE RATE TO USD USED A "MULTIPLIER" EXCHANGE RATE OF ABOUT 3:1. THIS IS TO ACHIEVE ECONOMIC PARITY/BALANCED TRADE.
SO IF THAT HOLDS TRUE...AND IT SHOULD....THEN THE RI/RV HAS OCCURRED AND ALL WE ARE MISSING IS THE "GO SIGNAL" SO THAT THE MULTPLIER CAN BE APPLIED AND PERMISSIONS TO EXCHANGE USING IT ARE RELEASED PUBLICLY
A DOLLAR IS A DOLLAR..A POUND IS A POND...A RUBLE IS A RUBLE....A DINAR IS A DINAR...DEPENDING ON WHERE YOU ARE STANDING AND WHAT YOU ARE ECHANGING IT FOR
64GTO: Evening all. I think what Daz explained makes sense. but it begs the question, if the ri/rv has happened then why has the go signal not been given and who givss it?
DAZ: I ASSUME BECAUSE THERE IS A PROCESS THAT REQUIRES AN UNKNOWN SERIES OF PIECES BE MOVED INTO SOME UNKNOWN ALIGNMENT. I DOUBT ANY SINGLE ONE PERSON HAS ULTIMATE CONTROL..
ITS MORE LIKELY A CONVERGENCE OF ENERGIES AND EFFORTS TRYING TO SYNCHRONIZE A REASONABLE ACHIEVEMENT OF PRESET GOALS….. WE'RE READY WHEN THEY'RE READY
ATLbelle: Frank26 says we are in code red, but he doesn't ever do dates or rates.
Frank26 is saying that they are about to introduce plastic, then raise the value and THEN stop the auctions. At that point, we may see an RV. I am on the call and that is ALL Frank26 is saying.
Delta is saying that the IMF is putting the pressure on Iraq, due to the loans Iraq wishes to get from the IMF…. they have approved the loans, but to actually get the $, they must raise the value.
Delta "believes" due to the information presented tonight, he feels they are going to do this within a month, in his opinion. "really very close" "high high alert, code red"
TigerPrincess:; Frank said in his opinion, the auctions should stop in two weeks.......that's what I got out of it...fwiw……. when they stop using other currencies...i.e. the auctions, that's when they will revalue their own...
TurtleIsland1: Zimbabwe: mass protests shakes the regime to its core
Over the last few days the Southern African country of Zimbabwe have experienced escalating protests which shook the Mugabe regime to its core. Sporadic protests have broken out over the last few weeks because of a severe shortage of cash. But over the last few days these protests have increased in intensity.
Dramatic scenes have played themselves out as workers, civil servants and small traders took to the streets to protest against the latest crisis. This culminated in a national stay away on 6 July by public sector workers who have not received their wages for June.
KTFA Monday Night Conference Call
Approx. 185 minutes long
The first part is Business Promo and the second part is Dinar/Iraq Intel
PLAYBACK # : 641.715.3639 PIN: 156996#
ReddStar: They are trying to explain why......the economic reforms have stalled......over the last year.....and why....they are now ready to move forward....interesting timing.....to say the least.....also....they are saying that they do have enough liquidity to move forward.....was it a plan from the very beginning in 2015.....or did it just happen to work out....with the launching of the CBI's 2016-2020 strategic plan....regardless....they are saying....they are ready to move forward with the economic reforms....good stuff....yet again IMO.....of course
Do you change the managers of bank part of the economic reform in Iraq ?
Hamid Abdul Hussein al-Jubouri / Euphrates Center for Development and Strategic Studies
The banking sector exercised an important and significant role in stimulating the economy and activate when the right environment is available for the exercise of his works from thh and, and when the same desire for serious and sincere in improving the banking sector's performance in general and the performance of each bank in particular, on the other hand, that the lack of security and stability and political chaos and widespread administration available corruption and other internal conflicts, are factors that hinder the performance of the banking sector, and that what matters worse is the absence of bank management in general or particular, relevant experience and competence and skill in the management of banking activity
Launch economic reforms and stalled
In 08.09.2015 Prime Minister Dr. Haider al-Abadi presented in the special session of the Council of Ministers for the first package of reforms voted on by the Council of Ministers unanimously text, and the third point of that package bother axis of economic reform, which stipulates in point (1) that "holds crisis cell to take appropriate decisions to activate investment and stimulate the private sector movement through: the activation of loans to stimulate the economy in the country, and run the unemployed, both endorsed by the cell in respect of loans scheduled for the industrial sector and the agricultural sector and the housing sector and the (5) trillion dinars, with regard to loans to support small projects amounting trillion dinars. the committee in charge of development of mechanisms to make recommendations before the end of this week. "
Despite the approval of the Prime Minister in the 6/9/2015 firing mechanisms granted industrial and agricultural loan and housing at the center of economic reform, called the (Iraqi Central Bank loan for a year program in 2015), but he did not execute this program yet, but the central bank announced on the third of June, and, receiving requests from wishing the implementation of agricultural projects, industrial and housing and this month will begin banks to distribute loans to the beneficiaries, in order to activate it (the program) and to support the banking sector advanced methods far from the bureaucracy and to overcome the principle of quotas,
this is what was announced Office Media Mr. Prime Minister, as a motivation to change banks managers when he said "it's Diwani (Special to change banks managers), which was issued by order of the Prime Minister came to confirm the reform approach in moving the wheel to work in the banking sector, coincided with the launch of a broader lending to industrial, agricultural and residential projects process in the private sector, which decides to adopt advanced and transparent methods based on the electronic presentation and follow-up methodology, and not according to the usual methods of bureaucracy. "
He also mentioned "We have bestowed quotas on the political, technical and administrative sites cover overlooked for many years, all the legitimate questions in the basic qualifications that justify emulated important and sensitive sites management, and successive attacks directed to discredit the highly qualified are now offering an alternative to the chaos of the quotas, but understand them insistence on impeding traffic toward reform, exceeding the sharing of positions, more than they intended to Salah state and its institutions, "all of this push Prime Minister Dr. Haider al-Abadi to change banks managers.
Changing banks managers part of every
Changing banks managers is not enough to achieve economic reform in Iraq unless there was a comprehensive reform of the first two reform self any reform of the banking sector, the start of the legislation and the reform of laws and follow-up implementation and monitoring, through the work to achieve coordination -After change doubtful banks managers Adaihm- what between private and government banks on the one hand and between the Iraqi Central Bank on the other hand, the end of the reform supervisor for the launch and operation of banking plans and their implementation to ensure that no deviation from what is her decree.
The second aspect is the objective of reform, any reform of each subject could affect the effectiveness of the banking sector except for self-reform, for example, the subject of lack of security and stability adversely affect the performance of State-owned banks, as the occupation of some of Iraq's provinces of Daash terrorist gangs and the displacement of residents of those provinces will be the issue of the payment of the borrowers about the amounts they owe to the banks, as well as theft Daash deposits of customers in those banks, as some sources indicate that the money stolen from banks amounted billion dollars, and high-risk lending to customers that disrupted the work of banks, and this is what the impact on deposits in other provinces because customers in these provinces will withdraw most of its deposits in case of any emergency happens, and so for financial corruption and fully aware of internal conflicts, political chaos and lack of awareness of the bank in the community and reduced the role of the private sector in the Iraqi economy and stringent tax laws that affect the borrowers ... etc.
It seems that changing the managers of bank came as a result of the collision of economic reform is not a snag bank financing because the central bank launched (CBI loan for the year program of 2015), which was worth six trillion Iraqi dinars, but the administration of banking for banks the main (agricultural, industrial and real estate and housing and Rafidain and Rasheed) is the reason of the delay in achieving economic reform, which caused an increase in unit economics Iraq contraction, whose effects in the slowdown in economic growth and increase unemployment, if the implementation of that program without colliding banking management of unemployment has fallen to low levels and Ozdd economic growth due to the productivity of industries rather than relying on revenue oil, and thus are on the right direction to diversify the Iraqi economy, by virtue of the loan program was concerned with the agricultural side of the industrial side is very large plan.
Specialized banks ratios of the five trillion dinars
As the sum of loans to medium and large enterprises ratios within the specialized banks, agricultural and industrial Kalmsrv 66% each with 33% of the amount allocated to support those of five trillion dinars projects, while the total loans to medium and large enterprises ratios also but within the Land Bank and the Housing Fund 34 % of that amount for each 17%, in order to support the Iraqi economy and to address cases of recession and lack of liquidity and stimulate real growth rate by pumping money into the Iraqi market by those specialized banks, raising the production rates in the agricultural and industrial sector and the creation of residential projects that contribute to the infrastructure development infrastructure of the Iraqi economy.
Since one of the objectives of government loan program is to develop the small existing projects, and also create new projects to support productive projects, small and medium companies, have been allocated an amount of 1 trillion Iraqi dinars to support these projects and are distributed through banks at an interest rate of 4% note that the loan shall not be granted for the purchase of residential units and the repair and construction on the grounds that the housing sector projects were covered by loans of large and medium-sized enterprises. And that the target groups within the small projects they include business, trade and industry, hotels, restaurants, shops, supermarkets, commercial centers and workshops of various kinds sector. The advantage of this program that includes all of Iraq's provinces w...
Reddtarr: Posted a similar article on the previous thread.....but it looks like it's official now....Sadr is calling for Friday....to be the day of the "million man march"...
.Sadrist: Magdy Rady demonstration next Friday!
Baghdad / Iraq News Network Search Shura Council of the Sadrist movement, Alatnin, ways to mobilize citizens to participate in the "million-man march" called by Moqtada al-Sadr's movement leader Alsdr.oukal Alcil, in a statement today: "The Shura Council held a meeting weekly league in Najaf, where he has been a comprehensive review of the overall recent developments experienced by Iraq and the world and at all levels.
"He added," They also discussed ways to the success of the reformist revolution that called her Alsdr, through sustain the momentum of the protests and the build-up of the demonstration millions next Friday. " .okan cleric Moqtada al-Sadr yesterday Rvd, Cd, postpone demonstrations demanding reform and the fight against corruption in Albulad, because edit Almousel.oukal chest fighting in replying to a question by one of his followers about the postponement of the popular demonstrations demanding reform and fighting corruption in the pan Ath, devices because of preoccupation with security forces battles edit Almousel, he "Fleihrroa Mosul and liberate Iraq from corruption LINK