Post From Dinar Updates 2-4-16
Excerpts & Highlights
Dinar Updates Member Evening Chat 2-4-16 Part 1 of 4
rcookie says():SO...OF THE 25,000 COMPANIES IN KURDISTAN...16,000 REGISTERED....AND ONLY 4,000 PAYING TAXES....AND IN DESPERATE NEED OF CUSTOMS ADMINISTRATION..
AND STRINGENT ENFORCEMENT OF TARIFF FEVENUE ENFORCEMENT...NO WONDER THEY WERE DRAGGING THEIR FEET ON ACTIVATING CUSTOMS & TARIFFS...THE MAJORITY OF BUSINESSES RUNNING SCOTT FREE...TAX FREE...LOL
rcookie says():WHO WOULDNT WANT TO SET UP SHOP IN KURDISTAN...
CanTWaitwoRV says to rcookie(12:18 PM):wow not sure if it's you or me that was psychic just now or both :D
rcookie says():THIS IS WHAT HOLLYS CONTACTS WERE SQUAWKING ABOUT EARLIER TODAY...CONCERNING THE DINAR VALUE AGAINST DOLLAR IN AUCTIONS AND RELATIVE TO AUCTION VOLUME OF OIL EXPORT REVENUES....
rcookie says():Central Bank of Iraq and its relationship with the dollar reserve
Date: 02/03/2016 15:11 | Views: 124
Books / Basil Abbas Khudair ...The price of the dollar against the Iraqi dinar days ago rise remarkably, the price has reached 1240 dinars per dollar in local markets and currently almost that price is fixed days ago but it is not constant over time, we do not know the reasons for this increase and Msoganh because the CBI covers all purchase orders, including the so-called Bmzadeh daily.
In the hearing yesterday (Tuesday) has sold 149 039 457 million dollars to 26 bank and 21 external converter company selling price of 1190 dinars per dollar, and the bank was able to meet all purchase the 47 applications demand and thus sales achieved per dollar via the central bank during the current year more than achieved in the previous year, it has reached sales of 01/02/2016 to
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rcookie says():02/02/2016 amount of $ 3,624,981 billion dollars after it was 2,995,081 dollars for the period from 01/04/2015 to 2/2 / 2015, although the amounts are much lower than the sale of Iraqi oil revenues, the main source of foreign currency entering Iraq only the Iraqi oil ministry data,
oil sales during the month of January last stood at 2.262 billion dollars, the central bank sold more than the total oil revenues more than one billion, three hundred and sixty-two million ID, which requires a search for an answer to two questions:
I: Where did this money come the Central Bank which is more than the export of oil revenues?
Second: Why is our currency, local prices are falling despite the dollar's sales cover the purchase orders?
We would like to point out here that the exchange rates currently prevailing in the Iraqi markets suggests that banking offices win five thousand dinars from the sale of each sheet of $ 100 category, and these profits continuous effortlessly because the process
rcookie says():summed up dollar-buying from the central bank and sell it to whom He pleases, and in suggesting to the dollar selling outlets are not subject to any control or oversight or accountability by the authorities concerned in the country because the sale is in broad daylight and not in secret,
and from the point of view on the sale and purchase of currencies (money changers), there is no monopoly because the case is subject to supply and demand, but known thing in the equation that the offer is limited because the bank covers all applications
and demand is unknown whether internally or externally, there are outlets available to exit the currency, and although there are a limited number of beneficiaries of the process,
but that the larger the aggrieved is the citizen, considering that all the goods and services offered in the market are denominated in prices the dollar rises by more than the high exchange rate does not go down when the falling dollar exchange rates, and perhaps what worries
CanTWaitwoRV says to rcookie():great to see so much talk about dinar exchange rates and auctions in the news (y)
rcookie says():the citizen is the public waste in the national wealth of the dollar and put however specific categories of controlled exchange rates without being given any citizen to get his need of dollar official prices for different purposes or for being a citizen only, which means that other richer at the expense of the people.
The current disparity between selling the dollar at the central bank rate (1190 dinars) and the prices of sales to the domestic market (1240 dinars) raises the anxiety and fear of the Iraqi citizen, because if the difference was so much Bank covers all purchase orders Besides why would prices when the bank reduces its sales up revenue actual oil or diminishes the door holding the reserve or cancel sales for the purpose of rational disposition of foreign currencies?
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rcookie says():What is the impact on the prices of goods and services after it was reduced salaries were to start applying the customs tariff and a daily show more taxes, fees and deductions?
It is legitimate questions really worrisome, there are millions of hungry and unemployed and paying the rent and some of them displaced or sick or two seats and have the prisoners and missing, and the martyrs, including orphans, widows, or maidens, in light of these questions, the CBI must have clear answers,
and of his professional duties and official reassure the public as a matter of achieving security and social peace, the country is still at war fierce and there are no endings clear of things to come in all areas and side economic terms of people's livelihood, and those living has become one of
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rcookie says():Almbeefat not be overcome smoothly or easily light the complexities cascading in running things in life, perhaps the most important thing is the fear of the citizen of disposition reserves, the country of the dollar in the possession of the Central Bank of Iraq,
there are those who believe that the auctions daily and monthly over oil revenues, selling the dollar probably refers to the disposition of these reserves, and some go away, says probably advised days it is said that the reserves may decreased or carried out, and this is a repeat of what happened earlier as the figures indicate that 76 billion dollars will be talking today about $ 59 billion.
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rcookie says():AND $43 BILLION BY YEARS END....
rcookie says():THIS IS EXACTLY WHAT HOLLYS GUYS WERE REFERRING TO........
rcookie says():HAD SOME OF THIS LAST WEEK..AND FURTHER DETAILS TODAY....VERY EXCITING...PLEASE READ.......
rcookie says():Parliamentary power welcomes the draft national oil company
2016/06/04 (00:23 pm) - hits: 254 - (3565)
Baghdad Ibrahim Ibrahim Noor Ali Oil and Energy Committee, on Wednesday, the national oil company would be a qualitative leap in the evolution of energy over a short period of time.
Stating that it will be a holding company and owner of income producing and exporting natural resources, an oil expert pointed out that the national oil company would develop national investment to the energy sector.
Oil Minister Adel Abdul Mahdi, on Saturday, called to revive a national oil company again, stressed that the company of the people and that every citizen shares its indestructible inheritance.
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rcookie says():He said oil and Energy Committee Chairman Representative Ibrahim Bahr Al-Ulum, told "the range", that "the idea of founding a national oil company raised since 2004, but has been delayed since the Government of Iyad Allawi because of differences over the new oil company" reference.
"The main idea presented by the Parliamentary Committee on oil is based on the possibility of ownership of oil and gas wealth to the people, and the day if the creation of this company and this paradigm shift within the legal framework, which provides for a fair proportion of people for all its citizens."
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rcookie says():Ulum said that "the process of establishing a national oil company, owner of the wealth and income of the holding producing and exporting natural resources not only in the drafting of the Bill retains two pillars and maintains administrative and financial autonomy and moral, will be essential to develop the wealths of oil and gas in Iraq".
He continued by saying that "holding oil company as most of OPEC is a major boost to the development of national investment, and there are many fields still need to develop and rehabilitate will be under the leadership of this company is to develop Iraqi cadres and give them full powers to develop oil and gas projects.
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rcookie says():The "national oil company would be the largest operational arm for extractive companies operating in Iraq and attending oil marketing company also becomes exporter company and produced and marketed at the same time."
"The absence of obstacles stand in the way of establishing an oil company so that all parliamentary blocs agreed to pass the smooth law, which stipulated in article 111 of the Constitution regarded oil and gas is the property of the Iraqi people."
Uloum predicted that "If there is a serious will for Ministry of oil for the translation of the law on the ground that the national oil company will see light at the end of this year."
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rcookie says():ARE YOU ALL SEEING THIS!!................................
7shiela says():Can you interpret for us? I'm green.
daytrader says():Looking forward to seeing it come into being
rcookie says():For his part, said oil Ministry spokesman Assem Jihad said in an interview for "range" to "oil Ministry conducted long and serious discussions with various oil experts and economists to articulate the idea of creating a national oil company".
"The evolution of national energy and especially the oil sector the competent Federal Ministry of oil pushed to revive the national oil company, as exist in most OPEC countries."
Jihad said that "oil company holding the Department of energy in Iraq would shift quality in dealing with all other companies such as SOC, NOC, oil Center and other national companies as well as to focus its work on the development of the fields and work on increasing the Pathfinder production."
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rcookie says():The "the oil Ministry is keen to engage the Iraqi energy sector through the establishment of an oil company contribution individuals can buy the shares directly to be volumes of people."
The oil expert, said Hamza al-jawahiri, in an interview for "the range", "revival of the national oil company represents a quantum leap in national energy and portfolio management, oil and gas sectors."
"The development of the oil sector in recent years has necessitated the establishment of a University for multi national companies to ensure the development of exploratory and developmental side for all fields produced in the country."
rcookie says():The jeweller said that "work in the field of petroleum energy is very complex and requires a substantial and solid institutions working on Administrative and operational environment fast and efficient to keep pace with global developments.
The ' developed nations including OPEC States have major national companies for driving energy was established several years ago, Iraq one of the first countries in establishing a national oil company but the previous system that was abolished in the 1970s improvisatory decision lacks with plans.
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rcookie says():It should be noted that the national oil company was established in the 1960s and is a company specialized in the development of oil fields and oil production, before being abolished in the early 1980s himself.
Oil Minister Adel Abdul Mahdi, on Tuesday (26 January 2016), high global oil prices to 50 dollars a barrel in the second half of the year 2016, warned of "a coup in the global oil market and violent and sudden rise" If the substantial drop in crude prices and stop investing in many regions of the world.
Referred to as the global oil prices registered a continuous decline since the second half of 2014, reaching $ 28 a barrel, but to rise slightly with on Tuesday, (26 January 2016) 30.78 dollars a barrel.
rcookie says():Iraq reportedly suffers from weak financial income due to falling oil prices and increased expenses, which came military side over her head, making the Government resort to austerity as one of the solutions adopted to meet the country's economic situation.
Loopback says():The accumulation of more than 11,000 containers in the ports of Basra because of the customs tariff
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Loopback says():Customs tariff riled the government and traders Basra and recession affects border crossings
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