Morning News Comments 06/24/2015
Central bank: 2017 will see the issuance of new cash categories
[Shredd] To me, I see this as a good article folks. This is telling us the projection is the rate will be strong enough in only a year and a half from now to demand the circulation of the 50, 100 and 200 to "ease the burdens" after deleting or removing the three zero notes from circulation.
Remember, this is a gradual process and the CBI is revealing more of their plan. This means we should see the rate improve to that point between now and then.
The process of bringing strength to the dinar will take time. Think of it...if the exchange rate was a dime, these notes would be worth 5, 10 and 20 cents. That's a pretty darn good exchange rate!
But for these notes to ease the burden of not have large notes in circulation, that means these notes will not have the role of being coins but rather their large notes.
That will mean the rate will be closer to a buck. Think about the USD, the 100 dollar note is the largest note that has a decent usage in circulation (although I rarely use them!).
~~~
Central bank: 2017 will see the issuance of new cash categories
[Shredd] To me, I see this as a good article folks. This is telling us the projection is the rate will be strong enough in only a year and a half from now to demand the circulation of the 50, 100 and 200 to "ease the burdens" after deleting or removing the three zero notes from circulation.
Remember, this is a gradual process and the CBI is revealing more of their plan. This means we should see the rate improve to that point between now and then.
The process of bringing strength to the dinar will take time. Think of it...if the exchange rate was a dime, these notes would be worth 5, 10 and 20 cents. That's a pretty darn good exchange rate!
But for these notes to ease the burden of not have large notes in circulation, that means these notes will not have the role of being coins but rather their large notes.
That will mean the rate will be closer to a buck. Think about the USD, the 100 dollar note is the largest note that has a decent usage in circulation (although I rarely use them!).
~~~
So, chin up...see the good news in this one!
ooo, I almost overlooked this gem:
"...as the bank continues to center to pull the old category of the currency over ten years. " .
This should also give you peace of mind that the notes we hold will not get discontinued and be useless to us like they did the 50 dinar note.
Again, good news folks. We still need to be patient but this amazing return on investment is not an "IF" but a "WHEN".
~~~
Dollar accused .. I: mafias currency
[tlm724] In this small market, the exchange rate of the US dollar on a daily basis change it rises in the morning and come back a slight drop with the market closed for the doors, and then come back to climb the next day.
[tlm724] People of market star Abdul works in the conduct of the dollar, said: nothing to do with us, up the exchange rate, Prices go up because of increased demand and tight supply in the market
[tlm724] and there are dozens of people are buying on a daily basis tens of thousands of dollars and with the continued increase in demand rising US dollar against the Iraqi dinar
[tlm724] the Central Bank is unstable in its monetary policy, and difficult measures buy hard currency traders and ordinary people, are not allowed for most of its branches the circulation of foreign currency forcing most people to resort to markets and offices that take each opportunity or be in front of reality
[tlm724] noting that some private banks are speculation to double their profits through higher dollar exchange rate
[tlm724] this thing has more twists then a disney ride lol
[tlm724] the owner of a company specializing sell currencies and remittance (who requested anonymity) said: that the main reason for the rise in the US dollar is the mafias which take forms different as banks or companies or influential groups finance investment projects outside Iraq,
[tlm724] which caused the depletion of huge sums during a period of not more than one month, as graduation day hundreds of thousands of dollars Khawwalat commercial transactions without any legal controls,
[tlm724] amid differing explanations for this rise, the Central Bank of Iraq has taken a series of urgent measures, and other long-term to reduce the deterioration of the national currency and thus the dollar cut in front of the dinar.
[tlm724] expressed member of the Finance Committee in the House of Representatives Sarhan Ahmed Sarhan surprise at the sudden rise of the dollar in the local exchange market, called on the government and the Central Bank to intervene immediately and take serious and real steps to halt the currency deterioration National,
[tlm724] In the same context, called the Integrity Commission, the parliamentary, the currency float price is commensurate with the gravity in which the national economy is going through, Introduction proposal to distribute salaries of state employees in dollars instead of the dinar.
[tlm724] ok now I see float reference
[tlm724] in other words the fall of the dinar value reflected the current state of the economy in Iraq, a hot mess
[tlm724] to sell the dollar mechanism auctions have become a significant burden on the national economy
[tlm724] well ya think !
~~~
Optimism parliamentary approval of tribal law in the next legislative term
[tlm724] Brahimi noted that the law will maintain communication between the clans through their representatives from the Senate would make him a shield to protect Iraq from the north to the south, noting that approval of the law will work in the next legislative term.
[tlm724] thats gonna be a good law for Iraq ! Fair representation in the GOI is one of the key's to success for this government !
~~~
The annual increase resources for border ports
][tlm724] according to a statement of the Secretariat, provide a detailed account of the reality of the border crossing points in Iraq, and the actions taken to fix it by the follow-up of government and coordination in the Secretariat circle.
[tlm724] ports and interfaces are considered a civilized country, which is officially known areas and the cursor and internationally recognized gateways for the purposes of transport and trade.
[tlm724] there we go, getting ready for the tariffs and lets not forget that on June 16th the minister of commerce had a meeting with the WTO. let me show you :
Trade Workshop for the classification of technical barriers to trade and provide database
ooo, I almost overlooked this gem:
"...as the bank continues to center to pull the old category of the currency over ten years. " .
This should also give you peace of mind that the notes we hold will not get discontinued and be useless to us like they did the 50 dinar note.
Again, good news folks. We still need to be patient but this amazing return on investment is not an "IF" but a "WHEN".
~~~
Dollar accused .. I: mafias currency
[tlm724] In this small market, the exchange rate of the US dollar on a daily basis change it rises in the morning and come back a slight drop with the market closed for the doors, and then come back to climb the next day.
[tlm724] People of market star Abdul works in the conduct of the dollar, said: nothing to do with us, up the exchange rate, Prices go up because of increased demand and tight supply in the market
[tlm724] and there are dozens of people are buying on a daily basis tens of thousands of dollars and with the continued increase in demand rising US dollar against the Iraqi dinar
[tlm724] the Central Bank is unstable in its monetary policy, and difficult measures buy hard currency traders and ordinary people, are not allowed for most of its branches the circulation of foreign currency forcing most people to resort to markets and offices that take each opportunity or be in front of reality
[tlm724] noting that some private banks are speculation to double their profits through higher dollar exchange rate
[tlm724] this thing has more twists then a disney ride lol
[tlm724] the owner of a company specializing sell currencies and remittance (who requested anonymity) said: that the main reason for the rise in the US dollar is the mafias which take forms different as banks or companies or influential groups finance investment projects outside Iraq,
[tlm724] which caused the depletion of huge sums during a period of not more than one month, as graduation day hundreds of thousands of dollars Khawwalat commercial transactions without any legal controls,
[tlm724] amid differing explanations for this rise, the Central Bank of Iraq has taken a series of urgent measures, and other long-term to reduce the deterioration of the national currency and thus the dollar cut in front of the dinar.
[tlm724] expressed member of the Finance Committee in the House of Representatives Sarhan Ahmed Sarhan surprise at the sudden rise of the dollar in the local exchange market, called on the government and the Central Bank to intervene immediately and take serious and real steps to halt the currency deterioration National,
[tlm724] In the same context, called the Integrity Commission, the parliamentary, the currency float price is commensurate with the gravity in which the national economy is going through, Introduction proposal to distribute salaries of state employees in dollars instead of the dinar.
[tlm724] ok now I see float reference
[tlm724] in other words the fall of the dinar value reflected the current state of the economy in Iraq, a hot mess
[tlm724] to sell the dollar mechanism auctions have become a significant burden on the national economy
[tlm724] well ya think !
~~~
Optimism parliamentary approval of tribal law in the next legislative term
[tlm724] Brahimi noted that the law will maintain communication between the clans through their representatives from the Senate would make him a shield to protect Iraq from the north to the south, noting that approval of the law will work in the next legislative term.
[tlm724] thats gonna be a good law for Iraq ! Fair representation in the GOI is one of the key's to success for this government !
~~~
The annual increase resources for border ports
][tlm724] according to a statement of the Secretariat, provide a detailed account of the reality of the border crossing points in Iraq, and the actions taken to fix it by the follow-up of government and coordination in the Secretariat circle.
[tlm724] ports and interfaces are considered a civilized country, which is officially known areas and the cursor and internationally recognized gateways for the purposes of transport and trade.
[tlm724] there we go, getting ready for the tariffs and lets not forget that on June 16th the minister of commerce had a meeting with the WTO. let me show you :
Trade Workshop for the classification of technical barriers to trade and provide database
It established the Department of Foreign Economic Relations at the Ministry of Trade and workshop for the classification of technical barriers to trade in order to establish an integrated database for all trade barriers base and categorized and linked to the system of international
He confirmed that the Director General of the Department of Foreign Economic Relations in the Ministry of Commerce, adding that the workshop participated by the Ministries of Environment and Agriculture and the General Authority for taxes and the General Authority for Customs and device standardization
and quality control of the Central Bank and the Department of import in the General Company for exhibitions and trade services and included a workshop to explain the International Classification of obstacles technical approved by the Organization World Trade WTO and the International Trade Centre ITC.
Adding that the workshop will be a positive contribution to provide integrated data on Iraqi legislation governing trade interchangeably with the countries of the world so as to provide important information to decision-makers in determining the commercial policy of drawing Iraq base.
The Ministry of Commerce announced earlier plan to activate economic relations with the countries of the region and the world through the signing of bilateral memoranda of understanding by all involved Iraqi state institutions
Posted By: Site Management | Date: 16-06-2015
http://ift.tt/1JSwnto
http://ift.tt/1LBVZYF
~~~
$ 9.4 billion market value of Zain Iraq
[tlm724] $ 9.4 billion market value of Zain *wolfwhistle* dayum !
[tlm724] thats billion !
She added that the company actually began to ring in the trading of its shares in the Iraqi market for securities starting from yesterday, and become open to public investment.
[tlm724] Zain is off to the races !
[tlm724] it won't take much for others to follow after they see the final results of this IPO !
~~~
Sadoun: Everyone agreed on the general amnesty law after adding some amendments
[tlm724] will be studied by the relevant committees at the beginning of the next legislative term, noting that all the political blocs agreed to pass it as soon after the addition of some amendments
[tlm724] I sure hope this law lifts the immunity of members of the GOI !
~~~
He confirmed that the Director General of the Department of Foreign Economic Relations in the Ministry of Commerce, adding that the workshop participated by the Ministries of Environment and Agriculture and the General Authority for taxes and the General Authority for Customs and device standardization
and quality control of the Central Bank and the Department of import in the General Company for exhibitions and trade services and included a workshop to explain the International Classification of obstacles technical approved by the Organization World Trade WTO and the International Trade Centre ITC.
Adding that the workshop will be a positive contribution to provide integrated data on Iraqi legislation governing trade interchangeably with the countries of the world so as to provide important information to decision-makers in determining the commercial policy of drawing Iraq base.
The Ministry of Commerce announced earlier plan to activate economic relations with the countries of the region and the world through the signing of bilateral memoranda of understanding by all involved Iraqi state institutions
Posted By: Site Management | Date: 16-06-2015
http://ift.tt/1JSwnto
http://ift.tt/1LBVZYF
~~~
$ 9.4 billion market value of Zain Iraq
[tlm724] $ 9.4 billion market value of Zain *wolfwhistle* dayum !
[tlm724] thats billion !
She added that the company actually began to ring in the trading of its shares in the Iraqi market for securities starting from yesterday, and become open to public investment.
[tlm724] Zain is off to the races !
[tlm724] it won't take much for others to follow after they see the final results of this IPO !
~~~
Sadoun: Everyone agreed on the general amnesty law after adding some amendments
[tlm724] will be studied by the relevant committees at the beginning of the next legislative term, noting that all the political blocs agreed to pass it as soon after the addition of some amendments
[tlm724] I sure hope this law lifts the immunity of members of the GOI !
~~~
Rubaie: We do not need a commission of inquiry in the Wikileaks documents
[tlm724] . Indicating that the state of the ongoing conspiracy by some regional countries, which bought receivables from some political and government figures revealed by the documents
[tlm724] blood money, bribes ! Suspect
[tlm724] He said a member of the Commission on Security and Defense do not need a commission of inquiry in the fact that this is a real documents or not being a global documents and an official revealed the case of conspiracy is in decrees and norms that what was is treason being there is cooperation with foreign intelligence countries.
[tlm724] that what was is treason being there is cooperation with foreign intelligence countries.
[tlm724] treason !!!!!!
[tlm724] published on WikiLeaks, for receiving the Vice President and leader of the Iraqi List, "Iyad Allawi" large sums of money from the Saudi side
[tlm724] will ya look at that !!!!!!!!!!!!!!!!!!!
[tlm724] Allawi may just hang for this, we will see how Iraq handles this one he does have some immunity, gonna be hard
~~~
NATO intends to advise Iraq on the reform of the security sector
[tlm724] announced diplomats from NATO NATO {} The alliance is expected to soon announce a plan to advise the Iraqi government on the reform of the security forces who are fighting terrorist gangs Daash
[tlm724] there on the table for discussion in the alliance plan may include advising Iraq on the reform of the security sector and to assist the government in drafting the program to national security"
[tlm724] "this program is not yet complete, but close to completion so I can say that in the coming weeks we can expect a declaration
[tlm724] that'll work
[tlm724] "the program may include some training of the Iraqi army in specialized areas, although it is likely to be limited to a small number of officers,
[tlm724] thats great, get the leaders trained and then they can lead effectively !
http://ift.tt/1LnSXcT
[tlm724] . Indicating that the state of the ongoing conspiracy by some regional countries, which bought receivables from some political and government figures revealed by the documents
[tlm724] blood money, bribes ! Suspect
[tlm724] He said a member of the Commission on Security and Defense do not need a commission of inquiry in the fact that this is a real documents or not being a global documents and an official revealed the case of conspiracy is in decrees and norms that what was is treason being there is cooperation with foreign intelligence countries.
[tlm724] that what was is treason being there is cooperation with foreign intelligence countries.
[tlm724] treason !!!!!!
[tlm724] published on WikiLeaks, for receiving the Vice President and leader of the Iraqi List, "Iyad Allawi" large sums of money from the Saudi side
[tlm724] will ya look at that !!!!!!!!!!!!!!!!!!!
[tlm724] Allawi may just hang for this, we will see how Iraq handles this one he does have some immunity, gonna be hard
~~~
NATO intends to advise Iraq on the reform of the security sector
[tlm724] announced diplomats from NATO NATO {} The alliance is expected to soon announce a plan to advise the Iraqi government on the reform of the security forces who are fighting terrorist gangs Daash
[tlm724] there on the table for discussion in the alliance plan may include advising Iraq on the reform of the security sector and to assist the government in drafting the program to national security"
[tlm724] "this program is not yet complete, but close to completion so I can say that in the coming weeks we can expect a declaration
[tlm724] that'll work
[tlm724] "the program may include some training of the Iraqi army in specialized areas, although it is likely to be limited to a small number of officers,
[tlm724] thats great, get the leaders trained and then they can lead effectively !
http://ift.tt/1LnSXcT
via Dinar Recaps - Our Blog http://ift.tt/1LBVZYH
No comments:
Post a Comment