.IQDCalls Chat Early Tuesday AM 4-30-19
Post From IQDCalls Chat Room
Chat Room News Excerpts & Highlights Early Tuesday AM 4-30-19
Woke AF In anticipation of economic sanctions affecting ... Russia is looking to use local currencies with Iraq instead of the dollar
Iraq and Russia are seeking to use national currencies in commercial transactions instead of the US dollar.
"The use of national currencies has been discussed and placed on the agenda for future meetings," the daily Kommiarant said in a report.
"A program launched in Russia since 2018 aims to reduce the dependence of the Russian economy on the dollar, in anticipation of any economic sanctions that may be imposed by the United States, as this will reduce the impact of sanctions on the economic system in them," the COMESARNET said.
It is noteworthy that an Iraqi-Russian agreement stipulated the establishment of joint cooperation committees, which meet semi-annually, to achieve common economic benefits.
Young SC Bank of Baghdad: The Central Bank of Iraq has succeeded in strengthening the pillars of monetary stability
Young SC http://economy-news.net/content.php?id=16459
Baxter SO...if the pillars are strengthened.. wheres my Dime?
Larrykn Al-Hakim: Iraq to remain away of regional, international axis policies
Larrykn Saairun cedes security adviser seeking central bank head post:
Chattels larrykn Is it possible that tman23 is correct about the replacement of the CBI governor ?
Chattels " tman23 – Dinar Guru …coming September 25th there will be a NEW CBI GOVERNOR… This is a FACT! So yes its stewing…but will the do it for the second quarter or wait until they seat the new CBI governor and roll to first of the year…sit back and watch mid June along with first signal will be new currency…"
Larrykn he might be this article is saying they are replacing the governor
larrykn I don't know it this guy is the right guy for governor. he is backed by Iran
Chattels larrykn I read the article to say that the position may be available as part of a political deal.
Larrykn yes but who they pick will mean a lot to how Iraq will move forward
Chattels The position seems to be " fungible " as to personage.
Larrykn I'm thinking the PM will pick someone that will move toward reforms. that would make since to me
Chattels larrykn Sounds more like a deal between Sadr and Ameri / Maliki factions to me.
Chattels It does not appear that Mahdi is in a position to dictate anything as a weak / compromise PM.
Larrykn chattels it might be but will have to wait and see how this all plays out. Sadr is for the people and I'm thinking not that fond of Iran colonies
Chattels larrykn MarkZ says now that " they ", whoever that is, wants the " RV " by Ramadan even though it was to happen with near certainty by Easter.
Chattels larrykn One might argue that such cannot be made up, but apparently they do.
Chattels About to complete a Churchill biography, " Walking with Destiny ". Good read.
Chattels " ................. the application of capital adequacy according to the Basel III standard, ............... will be adopted from the year 2019 "
Chattels " explaining that the capital adequacy ratio reached 127% ...................... "
Chattels " While maintaining the exchange rate of the dinar to the dollar within the parallel market prices. "
Chattels Selected from " Young SC " article above. http://economy-news.net/content.php?id=16459
Chattels What Is the Capital Adequacy Ratio (CAR)? The capital adequacy ratio (CAR) is a measurement of a bank's available capital expressed as a percentage of a bank's risk-weighted credit exposures.
The capital adequacy ratio, also known as capital-to-risk weighted assets ratio (CRAR), is used to protect depositors and promote the stability and efficiency of financial systems around the world. https://www.investopedia.com/terms/c/capitaladequacyratio.asp
Chattels What is a Dual Exchange Rate ?
Chattels " Motivated by profit, beneficiaries of such systems may push to keep them in place well beyond their period of usefulness."
Chattels " Dual exchange rate systems are susceptible to manipulation by parties with the most to gain from currency differentials. These include exporters and importers who may not properly account for all of their transactions in order to maximize currency gains.
Such systems also have the potential to trigger black markets as government-mandated restrictions on currency purchases force individuals to pay much higher exchange rates for access to dollars or other foreign currencies."
Chattels " The international standards stipulate that the difference between the official bank price and the parallel price (2%) should not be noticed."
Chattels " This also means the monetary authority's affirmation of the need to reduce the gap as a result of its commitment to the Central Bank's law to achieve stability first and to raise the value of the local currency. It is possible for the citizen to benefit when buying goods "
Chattels " ..................... achieve stability first and to raise the value of the local currency."
Chattels Date Added 15/04/2019
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