Mountainman: WELL......They are Meeting said Goals and Objectives....So He is saying,....."We Have the Meat"....Time to Put things back to Where they Belong....and Use Our Other Resources to Develop a Stable,Prosperous, and Secure Environment for Our Country and It's CITIZENS......Awesome WS....Thanks Bro Mountainman
Walkingstick: Dollar and the Dinar again
Tahir Muslim cry 2016 / 3 / 19
prevailed Ottoman Currency Iraq, such as Bakjh and Alorkh and Alsag and lunar and shark and Majidi gold lira, etc., and after the First World War and the entry of British troops Iraq, has become Anna Indian rupee is the official Iraqi currency and even in 1932, in which the Iraqi dinar was issued, it was the equivalent of 13 rupees , has been linked to the pound sterling continued until 1959 where he became linked to the US dollar, and was then the equivalent of $ 2.8.
achieved the Iraqi dinar , which is equivalent to a thousand fils, best distract him prices in the seventies when he equaled more than $ three remained conservative on almost its value against the US dollar throughout the republican era, ie equal to three dollars and a third, but its value goes up at times for this price because of the economic boom in Iraq , especially in the second half of the seventies.
This era also saw for the first time to determine the foreign exchange operations and business banking and infinite validity Iraq 's central bank as a result of the adoption of the socialist system as an economic system of the Iraqi state, has been printed and punching all versions of the Republican era of currency in Britain, it has been customized and very high quality as it were relevant forms wonderful art.
wars have led to high rates of inflation:
faced Dinarmadlat inflation high, especially after Iraq 's wars with Iran and America , which led to the collapse of the value of the dinar, according to financial experts that repeated elevations of the dollar and then relegation to the first levels, which the country has seen in recent times is not just a bubble caused by speculation, but returning to a number of objective reasons, intervened state , in part, was the citizen is the only loser in the game of the dollar, and most important:
1. falling oil prices, which did not bracing his Iraq , although he did not get a sudden.
2. adoption Iraqi economy revenues on oil and the neglect of other sectors such as industry, agriculture and tourism.
3. the war that waged by the country against Daash and allocate a large part of the budget for the purchase of arms and the salaries of the soldiers.
4. resort speculators in the Iraqi currency market to raise prices, taking advantage of the security and political unrest in the country.
5. impose taxes and fees that came in the budget of 2015 and the application of the austerity policy, as well as the extraordinary security situation experienced by the country , which contribute much to lift the dollar 's exchange rate against the dinar, and the lack of any clear plan for the advancement of the country 's economy is influential factors directly.
6. purchase venture capitalists large amounts of dollar and keep it as a result of instability, that the unstable political and economic conditions to pay the owners of capital to smuggle money and so motivated to get profit and the search for a stable economic environment in light of the gloomy outlook which was the subject of the increasing smuggling of currency, especially the most influential today in Iraqi politics are the haves nationalities other than Iraq and therefore they are turning Meixbonh in Iraq to other State.
7. according to the law of the state budget , which began in parliament on 29 January last, which stipulates that the central bank is committed to identifying sales of currency difficult [dollar] in the daily auction ceiling does not exceed $ 75 million a day , with the exercise of justice in the sales process, and calls for participating in the auction the bank providing the introduction of cargo documents and statements of tax settling accounts and savings
Alkmarki within 30 days from the date of buy the amount and otherwise applied to the bank penalties stipulated in the central bank law or instructions issued from it, and use other banking instruments to maintain the strength of the dinar against the dollar.
Mr. Abadi adviser statement:
Mr. Abadi to Aokd adviser statement came the rumors about a possible undersupply of the dollar and pointed out that "a determining central bank sales of the dollar in its daily auction came because of financial distress , home to Iraq and maintain the bank 's foreign currency reserves.
He added : "we have in Iraq uncontrollable commercial and there are goods in the market is not worth the importation where there are stocks of durablehousehold as materials and cars suffice Iraq for several years , but the import is continuing and this is exhausting the state budget. "
between last year and this year:
this is exactly what happened in the last year where it began the value of the dinar is falling apart gradually against the dollar and over more than five Ochehrdon to turn one of the politicians of the topic or is developing a treatment challenge of it, so the dollar has reached more than 140 thousand Iraqi dinars and expect everyone continued to climb to reach at least 150 thousand, however , Mr. Prime Minister , and as one who was asleep and win terrified, came out in the media to declare that he does not allow such a situation and that the dinar must return to the former Sarcherah, and the fast - track re - value dinar , which link within months, and in a few days!
that such action make much explains the situation like this , which has damaged the generality of the people of merchants and citizens, as being the complicity of the state with the market brokers, and banking offices, which are the property of the party 's powerful, it was a wage - President by the State is clear the dollar amounts sold in the daily auction at the Central Bank for $ 75 million in each auction, and submit them sometimes for up to more than $ 300 million, and the state agreed to the proposal of the Central Bank of Iraq delete custom duty and tax levied on the purchase of the dollar amount of 8 -; -% -; -. "
, it called for the beneficiaries of the currency traders to increase the price to maintain their profits Aleomah.uetoly central bank also monitor these processes into a streamlined and transparent mechanism, with the development of creating capacity plan to activate documentary credits instead of the method current and coordination with the banks, and in return, the Aeltagrandma exposed to any loss , he recovered from the citizen through multiple methods of monopoly goods or the imposition of additional amounts of the goods, and therefore due the damage first and last on the ordinary citizen, so there must be a delicate balancing act in the process of reducing exchange rate Dollar against the rising value of the dinar.
processors are needed:
should an overall reduction of all state expenses quickly and in force before for monetary catastrophe, and the state should not borrow loans and the benefits great because they mortgaged attendees the future of Iraq.
the important point must be the Iraqi government multiple sources of income of the industry and agriculture and tourism and real encouragement to build a strong country economically Fagarah Iraq , Turkey 's oil do not have , however , the annual income of more than $ 800 billion.
of the most important treatments that help sustain the process of economic progress Hoanchae projects commensurate with the needs of the community, and that will strengthen the economy and operates labor and active work of all sectors in the trend towards self - sufficiency to a certain extent a first step towards the development of scientific solutions to economic stability, which is a necessity for the recovery of the life of society and psychological stability and living standards for all citizens, and should reject any mortgage for Iraqi oil wells that threaten the future of Iraq as a step economic completely.
Mountainman: A Global MARKET Heads Up for this Coming Week.....MM
Walkingstick: Abadi confirms that the cabinet reshuffle is very close
Sunday 20 March 2016 - 23:03 type comments
Prime Minister Haider al-Abadi held a meeting with the Committee of Experts tasked with developing a comprehensive reform program, while the meeting went decisions will contribute to the ministerial change time is very close, according to a statement issued by al-Abadi's office.
The statement, which was seen by tow and said that "al-Abadi has continued to meet with the Committee of Experts tasked with developing a comprehensive reform programs and consider selecting candidates for senior positions, were discussing everything that would form a government of technocrats to improve the quality of all sectors in the country as a result of the big challenges facing."
He added that "today's meeting left many of the decisions and recommendations that will contribute positively ministerial change time is very close and the reform sought by the Prime Minister and the citizen."
In a statement last of his office, said Abadi, received in his office Chairman of the National List, Iyad Allawi, and during the meeting to emphasize the importance of supporting reform and walk him and the fight against corruption. "
"The meeting discussed the support of the government and the victories of our security forces to the terrorist gangs and protect state institutions as well as the deepening of relations with the regional environment."
Frank26: So is ............. Mosul .... \m/ KTFA Frank
Mountainman: Annual review: Tehran Stock Exchange grew despite global recession
20 MARCH 2016, 20:41 (GMT+04:00
Baku, Azerbaijan, March 20 By Farhad Daneshvar – Trend:
As most of stock markets in the world have been in downtrend, the Tehran Stock Exchange (TSE) indicated 28 percent growth during the last Iranian fiscal year (starting 21 March 2015).
The traders in the Tehran Stock Exchange celebrated the new Iranian calendar year on March 20, while the TSE saw strong performances in its shares in the last week of the calendar year, 1394. The TSE main index rose by 2.4% closing at 80,219 points in its last week in 1394.
Given the fact that Iran’s economy is heavily dependent on oil incomes and in a condition that the global market has experienced a sharp decline in oil prices, the dramatic surge in the TSE seems surprising to many.
Alireza Kadivar, a financial analyst, considers the implementation of the Joint
Comprehensive Plan of Action (JCPOA/nuclear deal) and its psychological impacts on the market's traders as the most important reasons for the upward trend in the TSE.
The TSE main index jumped 25 percent in January when international sanctions against the Islamic republic were lifted as a result of the implementation of the nuclear deal.
Kadivar also describes a decision by Iranian bankers to cut the interest rates on banking deposits as the second reason behind the surge in the TSE.
Back in February, Iranian bankers agreed to cut the annual interest rate by two percent, dropping from 20 to 18 percent. The bankers also decided to decrease the daily interest rate to below 10 percent.
Following the political and economic developments, the automotive, IT and transportation & logistics sectors experienced the highest growth over the last Iranian year.
However, the rubber & plastics, ceramic & tiles and cement sectors demonstrated a weak performance in the mentioned period.
The surge in automotive sector came following the recent deals clinched between Iranian and international car makers.
One of the first post-sanctions contracts to be signed between an Iranian and a foreign company was a contract between major Iranian car manufacturer Iran-Khodro and the French Peugeot. The deal envisions the production of three models of Peugeot in Iran through 50-50 venture.
Mercedes-Benz, a multinational division of the German manufacturer Daimler AG, as well as France’s Renault are also among those international car makers eyeing Iran business.
With the removal of sanctions, in addition to the leading car makers, enormous foreign delegations planning to reap fat profits from Iran’s untapped market have visited Tehran signing a number of agreements.
In the new Iranian year, the President Hassan Rouhani's administration will put efforts into luring billions of foreign investment for renewing the country's aging industry which could be considered as a strong sign indicating that the TSE will continue to surge in the current year.
For comment section, please scroll down. Thank you.
This website uses marketing and tracking technologies. Opting out of this will opt you out of all cookies, except for those needed to run the website. Note that some products may not work as well without tracking cookies.Opt Out of Cookies