Post From IQDCalls Chat Room
Chat Room News Excerpts & Highlights Friday AM 8-11-17 Part 2 of 2
BobS: August 11, 2017 15:21 Direct: "Morgan Stanley said:" The emerging markets screeds are exposed to risks if the US Federal Turn rates quick to raise the interest rate, because of the dollar rising debt in those markets.
The bank said in a report, on Thursday, he said that the interest rate hike in the Reserve Bank of Alfdirala may expose those markets at risk because of the potential on its external debt to its impact, as most of these markets has a foreign debt exceeding 20% of GDP, and are denominated in foreign currency, quoting agency "Bloomberg".
The total debt denominated in foreign currency in emerging markets except for China to GDP from 22% in 2011 to 30% during the first quarter of this year. Most of this increase include long-term commitments, with the survival of short-term loans at relatively low at 8% of GDP.
The report added that the emerging markets will be more protected from short-term fluctuations in the currency markets, but they are still exposed to greater volatility for US interest rates and the high value of the dollar lifted. US Federal Reserve raised interest rates twice since the beginning of this year, the first in March and the second in June, with expectations of a further decision to take this year.
BobS: Baghdad / Suha Shaykhli The Ministry of Labor and Social Affairs variety loans to citizens to find jobs and another to reduce the poverty rate, as well as other loans allocated to the displaced people of Nineveh provides interest-free, but only the amount called a simple administrative Bajaur no more than 1 percent.
The ministry building is crowded with borrowers who we met one of them «Haidar Jassim of the inhabitants of Baghdad Kaseb surfed at the intersection of the appeal with his son , aged 11 years»; says he made a loan since 2011 and the more demanding regardless of the loan of (10 million dinars) give the circle a small paper receiving reports Vihabmrajathm after two months .
Refers Jassim to that if he had organized an advance with others since 2013 was obtained 20 million dinars, adding that this loan will to buy a car used for taxi and live Baiardha, and that this loan is interest - free and that the majority who came with me received the loan , but I am today reported not receiving my name in the lists and covered Talboni to return a month after pointing out that the transaction conducted via the internet , which holds a number sequence (...).
BobS: Loan programs and explained that the department three programs of the first loan, the basic program is, which is to support small income-generating projects approved by Law No. 10 of 2012 Fund, noting that the loan amount ranging from 3 to 8 million dinars given to the borrower a grace period of one year from the date of the loan is received and subsequently granted the loan for a period of 5 years and the repayment period divides the amount over five years .
If he had received 8 million dinars paid off each year two million and 800 thousand dinars each year either the second program , a national strategy to reduce Alvkarokd began in 2012 and the number covered by far reached 11067 this is borrowed Alp Program in cooperation between the Ministries of Labor and Planning after calling us the Ministry of Finance allocated through the Ministry of Planning annual amounts and we distribute loans annually on the condition that borrowers do not exceed the end of the year. It exceeded the year . If the amounts going to the Ministry of Finance and adds Abdul Amir:
The benefits established by Law No. (10) and the strategy to reduce the poverty rate of the tax is forgiven and income tax but amounts are deducted Bsathha wages office given once upon receipt of the loan.
txbrand: @Doug_W ...well not everyone can have the same salary...so im guessing its a fee
BobS: As for private loans Bstratejah poverty alleviation , there are administrative fees by 1 percent , for example , for the one who receives 8 million dinars taken from (80) thousand dinars only with the knowledge that allocated to poverty ranges between 3.8 million dinars for a period of 8 years , the loan is given grace period of one year received date.
Abdul Amir pointed out that the third program is a community - based rehabilitation , which concerns two categories Mhmolten by the program they are disabled who Aogahm by 50 percent onwards, widows and divorced women who do not have a fixed income Istndn to him and the amount of the loan (100 thousand to 3 million dinars) which is called very small loans and all these loans without except for the benefit of administrative benefits.
Nineveh loans refers Abdul Amir that the Ministry of Labor and Social Affairs launched on 31 July this year to grant loans to the province of Nineveh, the province has an amount in our fund of (24 billion dinars) was dedicated to Nineveh , according to population density with which an estimated (3 million) of this amount.
tman23: @txbrand .....Most of the money in our economy is created by banks, in the form of bank deposits – the numbers that appear in your account. Banks create new money whenever they make loans.
97% of the money in the economy today is created by banks, whilst just 3% is created by the government........... CREDIT MAKES THE WORLD GO ROUND .......
Banks need capital and make profits.....Loans are slow......so there is a fee for direct deposits...... Same use to be here in the states when debit cards started,,,,etc,,,,,
BobS: The amount was up to (30 billion dinars) been disbursed (600) loan instruments and the remaining (24 billion dinars) If a loan has been granted eight million dinars so we have given us at least three thousand loan to the citizens of the province of Nineveh.
BobS: Sanctuary of the Secretary Over two decades on the last census regular conducted in Iraq, and because of the security conditions unstable Iraq could not hold a population census during the year 2017, but that does not stop us as observers and intellectuals to demand the government
and the concerned authorities need to conduct a new census of Iraq provides information enough for members of the country (age, their work, sex, residence, academic achievement, and other information to be agreed upon between the political parties),
but who care about the subject is to provide data on the Iraqi base at home and abroad is based on a team of scientists and specialists to plan for the future of Iraq and the needs of Individuals from housing units, health and education services and municipal services, food and water with them
to provide security and market business and immunize individuals and society from slipping behind the deviant behaviors after securing work for them in order to preserve the dignity of individuals and achieving justice with the provision of services.
BobS: The victory of the expectations of the gangs "Daesh" terrorist in the few remaining areas of the provinces of Nineveh, Anbar and Kirkuk gives us new hope that the Ministry of Planning and authorities retaining her working on a general population census over the next few years, and she knows before others the importance of providing real data about individuals inside and outside patch home,
and turn them into figures evidenced by academics and scientists specialized team to develop future plans for the needs and the cost of building a homeland security in Iraq of freedom and justice and to achieve the aspirations of the citizen to live in the affluent benefit from the natural wealth and revenue of Stemming from the formation as a result worthy of economic and income generating units and open new doors for the state budget revenues.
It is no secret that the census is an essential source of data on the characteristics of the population and geographical distribution so multiple areas of use it provides state data on the size and distribution of the population and characteristics by geographic regions / provinces and regions /,
which are necessary to develop a comprehensive development of economic and social plans for the immediate and future and all segments of society during the prediction in increments in the size of the population in the coming years.
It provides census the full picture of the division of the country into electoral districts in light of the size of the population who are eligible to vote, and also offers a major benefit to researchers through the data provided by the population and geographical distribution, growth and characteristics of their composition age and gender, environmental, economic and social that.
The census must be accompanied by the last count of the available data for the generators of natural income such as oil, sulfur, phosphate, wind, and the amount of sunlight Alsaqth- the possibility of benefiting manufacturing Energy-agricultural land, animal and water resources, lakes and sea beaches, geographical location and the amount of rain
and the quality of natural fruits and crops that can be produced with the intervention of human to Besides human wealth and tourist units, whether religious, archaeological or heritage or natural and other economic units that allow the state to intervene to develop and develop according to its actual need as a useful It can expand its investment to pour in opening up new doors to increase budget revenues, therefore, to be reflected to the well-being of future generations.
Through census data can expect , for example , how much Iraq needs in 2035 of wheat to meet the needs of the population, and whether its agricultural land cover those needs,
which requires that the planning for the future to achieve food security by providing agricultural land and giving it the success through irrigation, fertilizers, pesticides , and production of water supply locally, and not overwork the state budget import of products that can self to make ourselves a rational management of economic units and not wasting money.
The same can be achieved in the establishment of industrial cities in the provinces and regions after studying the growing number of individuals in the working age and what can be supplied products in a particular province , and whether can these products can bring us new industries can be developed to compete with imported products and achieve good financial revenues added to the imports of the budget? .
txbrand: @tman23 right...i knew that.... when we sign a home loan.... we are creating that money...the bank does NOT loan the money to you
tman23: @txbrand ..... IT IS A FEE !!! ........ They are moving in the right direction...... I just keep reading statements that get repeated over and over........and it just isn't so !! So when you inform that such is not the case.....people get angry... So be it.....
Doug_W: let them get angry
tman23: ERBIL — Kurdistan Region President Masoud Barzani and US State Secretary Rex Tillerson discussed during a phone conversation on Thursday the latest political developments including an imminent referendum on Kurdistan’s independence.
According to a press release by Kurdistan Region Presidency, Tillerson first commended the role of Kurdish Peshmerga forces for their vital role in the war against Islamic State (IS), and valued the ultimate sacrifices thousands of Peshmerga fighters have made to defeat the extremist group.
The US official also welcomed Erbil’s decision to send a negotiating delegation to Baghdad in hopes of finding a solution to their prolonged disputes. He also suggested delay of the independence referendum in Kurdistan.
In response, Barzani said although Erbil attempted, the partnership with Baghdad did not work, and that the people of Kurdistan have now decided “to go their way”.
tman23: On the issue of postponing the referendum President Barzani said to the US Secretary of State that the kind of coexistence that the Kurdistan Region had worked for with the state of Iraq in the past and over various stages was not implemented, and that is why the people of Kurdistan have decided to take their own path,” the statement continued.
The US and others have failed to provide guarantees that the people of Kurdistan would be able to practice their right to self-determination. Barzani had asked “what kind of guarantees and alternatives are there for the future of Kurdistan?”
tman23: Last week, the US Consulate in Erbil released a readout of a call that it said was made between Barzani and Tillerson on August 4, but the statement was soon removed from their Facebook page as the Kurdish presidency denied the call had ever happened.
The controversial readout claimed that Tillerson stated his “opposition” to the referendum and conveyed continued US support for “a unified, federal, and democratic Iraq.”
tman23: After the US Consulate released a readout.......that was soon removed from their Facebook page........This breaking news article came out.......
Kurdistan Region leaderships have agreed on postponing the referendum on independence until further notice, Samir Salim, member of Kurdistan Islamic Union (KIU)'s administrative council, revealed Sunday. In a press statement, Salim said that the US had observations on the organization of Kurdistan Region's independence referendum.
He also noted that Washington sent a secret message to senior officials in the region, demanding the delay of the referendum scheduled for September 25. Kurdistan leadership has approved the US request provided that Washington officially asks for postponing the referendum through official channels, he added.
tman23: ..... FOR THE KURDS TO POSTPONE THE REFERENDUM THEY WOULD HAVE TO HAVE ONE BIG GUARANTEE FROM SOMEONE OTHER THAN BAGHDAD........
AND I DON'T BELIEVE THAT IS POSSIBLE.......ALL LEADERS SUCH AS ALLAWI , SADR, HAKIM, ABADI,....USA, GERMANY, FRANCE ARE ASKING THEM TO POSTPONE.....
Promise and guarantee the Kurds and the Sunni and Shia will be uprising wanting theirs...... Certain to be an interesting 6 weeks ahead.......
Spectra: @tman23 I GUESS? Iam not a kurd>! :)
Spectra: @tman23 interesting to me is getting what i came here for over with! Like the kurds but their business is not my concern!Besides if they were to go that may nor fare well for us? That we do not know.
tman23: .... And if KURDS GO for independence...... IMO... Basra will start beating the drum to get out from under Baghdad too......
Spectra: @tman23 so its not my preoccupation!
tman23: Kurds would operate on the IQD........ They have allowed for the CBI branches to set up in their region......
Spectra: @tman23 In other words who side are you on...? The kurds or ours?im confused?
Spectra: @tman23 ok sure!
tman23: @Spectra ......Not a matter of sides....... Matter of internal affairs and how it affects what can and cannot be done
Spectra: @tman23 well there one thing i know for sure not you or me can change the factors .Im just do not prefer to dwell on the kurds thats just me!
Spectra: @tman23 but maybe some do ? i guess???
Spectra: @tman23 to each his own?????
Spectra: @tman23 i suppose if you have not much too talk about it fills space!-lol :)
tman23: @Spectra .... You do not realize the importance......
Spectra: @tman23 no why dont you tell me
Spectra: @tman23 how its important to me or how i benifit from it
Spectra: @tman23 yes, they are wonderful people thats not to be dismissed but ? whats so good about for me?
Tman23: @Spectra ..... Lets make it easy....... Everybody there is united....... They are dancing in the streets.......There is no corruption and they are all on the same page.......
Politics is very stable....... While there are 3 armys in Iraq...one listens to the PM.....The other to Iran......and the other to Kurdistan....... BUT they are all loving and caring to each other with great respect....... So that makes security a non issue........
And foreign investors are standing at the door with blank checks begging Baghdad to take their money and let them do business....... IT'S DISNEY WORLD IN COGNITO......
THE GOVERNMENT IS HIDING THIS FROM THE WORLD BECAUSE THEY DON'T WANT THEN TO KNOW ABOUT DINAR......WE WERE NOT SUPPOSE TO BE IN THIS........ OH HOW LUCKY WE ARE.........
Spectra: @tman23 I SAY THOSE THAT SERVED IN IRAQ WERE SUPPOSE TO BE...LIKE MY HUSBAND WHO GOT OUR FAMILY IN IT IN 2003,WITH THE ADVICE OF the ones he worked for in iraq!
Spectra: @tman23 pERHAPS ALL OTHERS WERE NOT SUPPOSE TO BE HERE ..YOU GOT THAT RIGHT!
Spectra: @tman23 My husband paid a price and so did all my children and my self.
Spectra: and because all these other people jumped on the bandwagon who did not serve in IRAQ it turned into a circus!
Spectra: and all that drama, and all those guru's stemmed from all them being able to buy it in the first place!
Spectra: so my conclusion is is I WAS SUPPOSE TO BE IN THIS I DONT ABOUT YOU????
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