Post From KTFA By aggiedad77 » June 17th, 2015, 4:00 pm •
Wednesday News Summaries and Commentaries
Image: removal of the 14 banks took advantage by speculators
These 14 banks were removed from the currency auctions....then they were added back in....but with the caveat that the CBI will be paying close attention to detail of how they run their business as it pertains to the currency auctions...
no smuggling, no cooking the books, no fast moves out of the country.....the authorities will be watching from this point forward.
~~~
Wednesday News Summaries and Commentaries
Image: removal of the 14 banks took advantage by speculators
These 14 banks were removed from the currency auctions....then they were added back in....but with the caveat that the CBI will be paying close attention to detail of how they run their business as it pertains to the currency auctions...
no smuggling, no cooking the books, no fast moves out of the country.....the authorities will be watching from this point forward.
~~~
The issuance of sovereign bonds to reduce inflation and speculation .. taxation on the sale of the dollar and the rise in oil prices
Iraq needs international support for a good credit rating in order to get favorable bonds that will be sold internationally to countries and companies.....
they also are looking for support internally for those bonds they will want to sell to citizens and local companies and investors....
it seems like the Minister of Finance as well as the governor of the CBI, and Dr. S. know what needs to get done to make these bonds a reality....
the rest of the article is spoiled by comments made from the Finance Committee who believe they know more than anyone what is wrong with Iraq....but they seem to put blinders on with regard to what their own actions are doing to Iraq and the CBI.
Central Bank "There is no power in front of the dominance of mafias currency"
So where is the clout to deal with these so called mafias of the currency world.....they appear to me to be out of the reach of the CBI if they are truly street vendors.....
it would seem the Integrity Commission ought to be putting some pressure on them through local authorities if they honestly and truly suspect money laundering and corruption.....
for it again appears to me that it is their actions on the street that is driving the secondary market between the IQD and the USD higher yet....this is not an action of the CBI....
but still an issue of supply and demand and whatever activity occurs on the street. So if the parliamentarians want to look into things start there....
the CBI has their hands tied by the glory their fellow brethren from the Finance Committee saw fit to include in the budget known as Article 50.
Parliament needs to wrap their heads around the concept that the CBI is not a political entity and does not require governance from their feeble political minds.
I'm sure it upsets the political apple cart to see the CBI doing the right thing over a number of years.....maintaining economic stability and keeping inflation at great levels....generally around 2-3%.....
it only comes from political intervention that problems appear to arise....but what politician is going to be quick to point that blunder out when it originates with them to start with.
The central bank acknowledges that its procedures to reduce the price of the dollar is not enough and is expected to decline in the future
I have to admit there are a few words and phrases in this article that just make me suddenly burst out laughing....things like...."the government directed the CBI".....really....really....
the last I looked the CBI is not some political entity that is run by the government.....CBI measures to reduce prices is not enough".......
well said especially when the CBI sits in handcuffs thanks to the Fin Comm's efforts to put a stranglehold on them.......so what would be enough.........maybe for the greedy members of Parliament to back away from the tills...
meanwhile.....let's assign someone, maybe a special task force that only answers to PM Abadi to investigate and review who truly benefits from the arrangement the CBI has had to work under for 2015....
I think the real "political culprits" might be found in some very compromising places....could be they have cousins and brother-in-laws working at the street level as money changers.....
one never knows until one starts to flip rocks. The bottom line, the CBI is not the blame for the issues being faced in Iraq today from a currency standpoint.
Head of government: We will strike with an iron fist manipulators dollar
PM Abadi is a fantastic mind reader.....or maybe I just read ahead too easily....LOL....iron fists and currency manipulators go hand in hand...pun intended.....
Abadi has said from day one that corruption and the likes of money laundering would not be tolerated within his circle....and he means business with that statement....no it is not a threat....
he points to the war that Iraq is involved with.....with DAASH....with corruption....and now with currency manipulators....count your days as the former gravy train is soon to be over.
Iraq needs international support for a good credit rating in order to get favorable bonds that will be sold internationally to countries and companies.....
they also are looking for support internally for those bonds they will want to sell to citizens and local companies and investors....
it seems like the Minister of Finance as well as the governor of the CBI, and Dr. S. know what needs to get done to make these bonds a reality....
the rest of the article is spoiled by comments made from the Finance Committee who believe they know more than anyone what is wrong with Iraq....but they seem to put blinders on with regard to what their own actions are doing to Iraq and the CBI.
Central Bank "There is no power in front of the dominance of mafias currency"
So where is the clout to deal with these so called mafias of the currency world.....they appear to me to be out of the reach of the CBI if they are truly street vendors.....
it would seem the Integrity Commission ought to be putting some pressure on them through local authorities if they honestly and truly suspect money laundering and corruption.....
for it again appears to me that it is their actions on the street that is driving the secondary market between the IQD and the USD higher yet....this is not an action of the CBI....
but still an issue of supply and demand and whatever activity occurs on the street. So if the parliamentarians want to look into things start there....
the CBI has their hands tied by the glory their fellow brethren from the Finance Committee saw fit to include in the budget known as Article 50.
Parliament needs to wrap their heads around the concept that the CBI is not a political entity and does not require governance from their feeble political minds.
I'm sure it upsets the political apple cart to see the CBI doing the right thing over a number of years.....maintaining economic stability and keeping inflation at great levels....generally around 2-3%.....
it only comes from political intervention that problems appear to arise....but what politician is going to be quick to point that blunder out when it originates with them to start with.
The central bank acknowledges that its procedures to reduce the price of the dollar is not enough and is expected to decline in the future
I have to admit there are a few words and phrases in this article that just make me suddenly burst out laughing....things like...."the government directed the CBI".....really....really....
the last I looked the CBI is not some political entity that is run by the government.....CBI measures to reduce prices is not enough".......
well said especially when the CBI sits in handcuffs thanks to the Fin Comm's efforts to put a stranglehold on them.......so what would be enough.........maybe for the greedy members of Parliament to back away from the tills...
meanwhile.....let's assign someone, maybe a special task force that only answers to PM Abadi to investigate and review who truly benefits from the arrangement the CBI has had to work under for 2015....
I think the real "political culprits" might be found in some very compromising places....could be they have cousins and brother-in-laws working at the street level as money changers.....
one never knows until one starts to flip rocks. The bottom line, the CBI is not the blame for the issues being faced in Iraq today from a currency standpoint.
Head of government: We will strike with an iron fist manipulators dollar
PM Abadi is a fantastic mind reader.....or maybe I just read ahead too easily....LOL....iron fists and currency manipulators go hand in hand...pun intended.....
Abadi has said from day one that corruption and the likes of money laundering would not be tolerated within his circle....and he means business with that statement....no it is not a threat....
he points to the war that Iraq is involved with.....with DAASH....with corruption....and now with currency manipulators....count your days as the former gravy train is soon to be over.
Najib: Central will sell the dollar at the official rate for citizens
In true blue political fashion, a Parliament member points to security of Anbar as part of the problem with the differences between the USD and the IQD in recent auctions....
after all never allow a good crisis to go to waste.....the political handling of the CBI and its work has grown to incredible levels this year.....somewhere....somehow this needs to stop.
Conscious / Urgent central bank selling of the dollar amount in the auction today three times as decided by the budget
$257 million dollars in sales by the CBI today....yes that is correct....notice the buy and sell prices 1166....yeppers...the price increase is at the street level.....not something the CBI is pushing....
other than the prior limits set by Parliament of $75 million dollars per day.....makes me wonder if Frank and teams saw this coming a few days ago....as they said on the Monday night CC that the Article 50 issues would not be a problem.....and another mention from PM Abadi about an iron fist coming down on the manipulators.
Well this has been a day of interruptions and important stuff like doctor follow up appointments but at long last here are some of the news summaries for today....enjoy....it's great to be back.
Aloha Randy
In true blue political fashion, a Parliament member points to security of Anbar as part of the problem with the differences between the USD and the IQD in recent auctions....
after all never allow a good crisis to go to waste.....the political handling of the CBI and its work has grown to incredible levels this year.....somewhere....somehow this needs to stop.
Conscious / Urgent central bank selling of the dollar amount in the auction today three times as decided by the budget
$257 million dollars in sales by the CBI today....yes that is correct....notice the buy and sell prices 1166....yeppers...the price increase is at the street level.....not something the CBI is pushing....
other than the prior limits set by Parliament of $75 million dollars per day.....makes me wonder if Frank and teams saw this coming a few days ago....as they said on the Monday night CC that the Article 50 issues would not be a problem.....and another mention from PM Abadi about an iron fist coming down on the manipulators.
Well this has been a day of interruptions and important stuff like doctor follow up appointments but at long last here are some of the news summaries for today....enjoy....it's great to be back.
Aloha Randy
via Dinar Recaps - Our Blog http://ift.tt/1GgjPos
No comments:
Post a Comment