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Wmawhite : What are the two most important items the CBI/GOI must accomplish before there is any change in the value of the IQD? ...and are doing?
Straight from the IMF...here it is: "The government will gradually remove remaining exchange restrictions and multiple currency practice (MCP) with a view to eliminating exchange rate distortions."
Now...how do we know for a FACT they are accomplishing these items?
Investment proceeds...that is foreign investment...money coming into the country and the ability to leave the country.
The fact that Iraq Airways/Airline is being opened for foreign investors is proof that the restrictions are moved/being removed.
Q: [so they are removing the restrictions so they can have currency exchange?]
Wmawhite : If you have one you have to have the other. It is the Investment Law that they amended is providing this great change in Iraq.
Q: [SO IT COULD BE A TIMING ISSUE?]
Wmawhite : It is in keeping with what we know...IMF expectations...1st half of 2016.
One11Freedom: Flow, flow, flow- A spokesperson for the State Secretariat for Economic affairs (Seco) confirmed on Sunday that the money had been unfrozen. It belonged to either individuals, companies or government-owned institutions. Around CHF10,000 has not yet been claimed by its owners.http://www.swissinfo.ch/eng/cash-flow_frozen-iranian-funds-freed-up-from-swiss-banks/41915434?
One11Freedom: Signing Deals like CRAZY!!! ...Iran Khodro and Peugeot will likely finalize an initial deal for €500 million in joint investment in Iran during President Hassan Rouhani's visit to France on Wednesday, a report said.http://www.iran-daily.com/News/135588.html?
One11Freedom: Just gets better..Iran and China agreed to expand bilateral ties and increase trade to $600 billion in the next 10 years, President Hassan Rouhani said on Saturday during a visit to Tehran by Chinese President Xi Jinping. http://www.todayszaman.com/business_iran-china-agree-600-billion-trade-deal-after-sanctions_410449.html?
One11Freedom: China has agreed to give Iran financial aid to help build the Middle East nation’s high-speed train system as part of Beijing’s “One Belt, One Road” initiative.The two leaders also saw the signing of 17 bilateral agreement documents for cooperation in fields including infrastructure, investment and the environment.http://www.scmp.com/news/china/diplomacy-defence/article/1904757/china-help-iran-build-high-speed-rail-part-one-belt-one
One11Freedom: Now we're talking...TEHRAN (FNA)- Iran’s oil supertanker Sorena is heading to South Korea, among the first to exit floating storage and head for foreign shores following the lifting of sanctions. http://en.farsnews.com/newstext.aspx?nn=13941104001177
One11Freedom: In Committed relationship now...Iranian President Hassan Rouhani on Saturday hailed a "new chapter" in relations with China and the two countries vowed to boost their economic ties. http://www.globaltimes.cn/content/965404.shtml?
Lovinglife: "If we did all the things we are capable of, we would literally astound ourselves."-Thomas Edison Keep this quote in mind when it's time for us to go into action.
LovingLife: ."The more you recognize and express gratitude for the things you have, the more things you will have to express gratitude for."-Zig Ziglar
Moneyno247: One11 Looks like everyone is leaving Iraq in the dust right now
Artneto: Bruce's last call said midnight Saturday we should see RV. Uhhh, today is Sunday! But every call someone asks about taxes and his response is that he does not anticipate having to pay federal taxes
Art: One reason there may be no tax is if the the 'big boys' (gov folks) paid no tax when they exchanged.
Luvwolfs: Art good point. They wouldn't want back taxes assessed.
FreedomBoomer: Amended Investment law OFFICIALLY posted in the Gazette - Saturday 1-23-2016 http://www.iraq-lg-law.org/ar/taxonomy/term/74
Depaul13: BAGHDAD, Jan 21 (Reuters) - Iraq plans to sell local bonds to the public for the first time since 2003, with a 5 trillion dinar ($4.24 billion) issue expected this year, the finance minister said on Thursday, as the country seeks to cover a widening budget deficit.
Imperium: folks.. IMO, this interview will enlighten you about where we've been, where we are, and what's unfolding and why. It's a must listen for all dinarians http://raconteursnews.com/latest-updates-from-paul-our-high-level-financial-insider/
Xyz: Rafidain Bank has the "largest" financial stocks in the region with assets of $ 210 billion http://translate.google.com/translate?depth=1&hl=en&rurl=transm&sl=ar& tl=en&u=http://www.almadapress.com/ar/NewsDetails.aspx%3FNewsID%3D6356 0
rrrr : It's down to 40 degrees in Ft Lauderdale this morning. What’s up with that? The flowers are crying. It has silenced my cat. I hear that the city council is meeting today, to outlaw this cold, and send it away. But there’s another source of warmth about to arrive here any day, so my fellow Floridians, hold tight, please don’t dismay. We’ll soon feel the warmth as RV lights our way.
BadScott54: Assign A Priority To Each Hour of Your Day. Your life is like a train on the Track of Success. Each day God gives you 24 golden box cars (hours) to load up. What you place in each box car, or hour, determines the speed and the distance your train will move toward your next city of accomplishment. Make your life count today. Every hour is a Seed. You control The Harvest. Dr. Mike Murdock 1/24/16
Frank26: LOOOOOOOOOOOOOOOK AT YOUR MONDAY CC NOTES !!!!!!!!!!!!!!!! :
"KTFA FAMILY .......... IRAQ IS ON THE VERGE OF DECLARING BANKRUPTCY IF THEY DON'T MOVE FASTER......"
Yup. KTFA Frank
Walkingstick: Hakim, Iraq refuses to label as "bankrupt the country" and says that in 2016 the "Year of compromises" Iraq and the region
Sunday 24-01-2016 | 7:36:34
Twilight News / reject President of the Supreme Islamic Council Ammar al-Hakim, analyzes describing Iraq as "bankrupt the country" due to the financial crisis, which is going through.
Hakim said during a meeting with a number of young people, that "there is a difference between bankruptcy and a lack of liquidity," pointing out that "Iraq is a country has a lot of potential as suffering from the order of priority."
He noted at the same time "near the settlements rely on Iraq and the region", citing the "depletion leaves the conflict and the use of each party for all his papers."
Walkingstick: Hakim asserts the importance of reviewing the banking system
Written by INA Date: 1/24/2016 0:03
Baghdad - INA / The head of the Supreme Islamic Iraqi Council Ammar al-Hakim on the importance of reviewing the banking system and its development.
Yan said the Office of the wise "and the Iraqi News Agency" has received a copy of it on Saturday, "The head of the Supreme Council met with Finance Minister Hoshyar Zebari, and discussed with him the financial situation Iraq and the alternatives proposed for the decline in oil prices.
"He said al-Hakim," the importance of reviewing the banking system and develop the way that makes the citizen closer in the financial dealings of government banks.
"And that" Iraq has the potential of many in industry, agriculture and tourism and the need to activate and laws capable of keep up the great administrative development. "
http://www.iraqnewsagency.com/%D8%A7%D9 ... %A7%D9%85/
Harvesttime: Isn't this article saying the citizens are being forced to take dinars at the banks for their dollars? This seems like a huuuuge article!!!!
Frank26: LOOOOOOOOOOOOOOOK AT YOUR CC NOTES !!!!!!!!!!! :
"The citizens changed the street value BACK ........ STILL ONLY USING USD EURO ETC ......."
FOR THOES THAT WERE WITH US FRIDAY ON TEAM CHAT KNOW THAT TOMORROW'S MONDAY CC WILL SIMPLY BE .............. A QUASAR .......... AN ILLUMINATION OF UNDERSTANDING.
It is SUNDAY .............. Amen. KTFA Frank
Walkingstick: Citizens: banks, forcing us to take over and Daiana «dollar» Dinars
Baghdad Sarah omnipotent
refrain civil banks Baghdad for exchange remittances and deposits dollar citizens in the same currency to persons held or sent to them, but the launch in Iraqi dinars, and the price that sells by the central bank.
He complained Bgdadion some banks refrain from exchange their dollar deposits in dollars and forcing them to convert to Iraqi dinar and the price the official dollar at the central bank and not at the market price, while confirming specialists in financial matter that those methods be held accountable by law and is the exploitation of the current economic circumstance.
He says a number of citizens, who are customers and clients of those banks in conversations "the world", that "some Banks in Baghdad refrain from Doaiana "dollar" dollar exchange rate, and force us to receive the Iraqi dinar and the price the formal private dollar the central bank and not at the market price, regardless of the currently winning in the dollar against the Iraqi dinar to rise ", pointing out that" the departments of these banks argue the lack of financial liquidity.
"It is said that the Central Bank of the dollar to banks and exchange companies selling in the currency auction thousand and 166 dinars, while its price range in the domestic market between 1200 to 1260 Iraqi dinars.
For his part, explained economist Maitham coffee in connection with the" world "that" those banks take the currency have died without traceable to the citizens, "pointing out that" such practices are in violation of the applicable laws.
"Furthermore, the Deputy Governor of the Central Bank, former financial expert Ahmed Abrihi reported in connection with the" world ", said "These practices are exploiting the current economic situation and the need for citizens of foreign currency," stressing that "the central bank instructions do not allow it."
http://www.alaalem.com/index.php?news=% ... id22=35670
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