THIS POST IS BASED ON SHABIBI'S 2011 TAPED DISCUSSION ABOUT THE IRAQI ECONOMY, BANKING PRACTICES AND MONETARY REFORM CONDITIONS...
PART 2 OF 2
OTW: As the budget included the central bank to buy Treasury bonds and remittances to $ 6 billion and reduce the percentage of legal reserve held by banks at the Central Bank in half to provide budget resources.
The seriousness of these measures GOES to reduce the effectiveness of monetary policy in the fight against inflation. Therefore, on the fiscal and monetary authorities to assess what you get compared to inflation of resources and instability, which can be a cause for the collapse in the real rate of the dinar.
Abraham: I am pretty sure they won't obtain and more funding from the IMF with imposing the tarriff. That is a standard IMF stipulation. Because they always introduce an income stream for repayment
OOTW: NOT OFFICIAL BUT YES IT'S NEWS WATCH
OOTW: WELL YOU SEE THE ABOVE STATEMENT? YET KEYWORDS IS SAYING INFLATION IS DOWN TO 1.7 AND WELL MANAGED/UNDER CONTROL
~~~
PART 2 OF 2
OTW: As the budget included the central bank to buy Treasury bonds and remittances to $ 6 billion and reduce the percentage of legal reserve held by banks at the Central Bank in half to provide budget resources.
The seriousness of these measures GOES to reduce the effectiveness of monetary policy in the fight against inflation. Therefore, on the fiscal and monetary authorities to assess what you get compared to inflation of resources and instability, which can be a cause for the collapse in the real rate of the dinar.
Abraham: I am pretty sure they won't obtain and more funding from the IMF with imposing the tarriff. That is a standard IMF stipulation. Because they always introduce an income stream for repayment
OOTW: NOT OFFICIAL BUT YES IT'S NEWS WATCH
OOTW: WELL YOU SEE THE ABOVE STATEMENT? YET KEYWORDS IS SAYING INFLATION IS DOWN TO 1.7 AND WELL MANAGED/UNDER CONTROL
~~~
jarhead: ‹@Cricket22› YES SO PLACE A ? AND U WILL B CALLED ON LOL
Abraham: Without
DT N AZ: Yes Abraham
OOTW: AT THE TIME SHABS GAVE HIS INTERVIEW (VIDEO WAY ABOVE) HE SAID INFLATION WAS AT 5% (2011)
OOTW: BRB
Cricket22: I learned something today that I will share later
OOTW: HERE IS A VERY GOOD ASSESSMENT OF THE CBI'S PLACE
jarhead: uh oh
OOTW: FROM SHABS
OOTW: Also restrict the sale by the House of Representatives means interference in the work of Parliament's central bank. Common among among economists and parliamentarians that the central bank continued to the House of Representatives,
and this is a big mistake of the Central Bank is responsible to the House of Representatives and not subordinate to him, and here the Central Bank is no different from the rest of the ministries, but this responsibility (the responsibility of the central bank) explicitly mentioned in the Constitution.
OOTW: SO, THE CBI HAS TO WORK IN CONJUNCTION WITH THE GOI AS IF IT WERE ANOTHER MINISTRY
DT N AZ: true
DT N AZ: exactly
OOTW: JUST LIKE THE MINISTRY OF FINANCE, BUT NOT SUBORDINATE TO IT (LESS THAN)
DT N AZ: and in a way it is
OOTW: THIS, IS WHY THE MINISTRY OF FINANCE HAS TO CALL KEYWORDS INTO THE HOR TO BE HOSTED
DT N AZ: correct, in conjunction with
OOTW: TRUE DT
DT N AZ: to make sure they are both on the same page
OOTW: AND HERE'S THIS FROM SHABS
DT N AZ: with the plan
OOTW: YES
OOTW: Thus, the central bank has lost its independence and became a bow to the decisions of the government and parliament. The style is the right to put forward ideas as proposals in the House of Representatives and then be voted upon.
DT N AZ: thus the meeting
OOTW: WHEN HE SAYS "THE STYLE" HE MEANS THE NOW ESTABLISHED CONVENTION
OOTW: YES
Abraham: Correct and the PM has the final say based on recommendations from the CBI and minister of finance in consultation with the IMF and World Bank
DT N AZ: this is a very big meeting
DT N AZ: BIG
DT N AZ: HUGE
OOTW: MY APOLOGIES, BUT I REALLY DO SEEM TO NEED TO PULL IN MOST OF THIS ARTICLE TO GET TO WHERE WE NEED TO END UP - "START AS YOU MEAN TO GO"
OOTW: FOR SURE DT!
OOTW: The government and parliament policies, and particularly in determining sales, led to a duplication of the exchange rate deceived enriched black market and some of them used by others in other funding terrorism may be one of them.
Loss of autonomy has several caveats most important that the central bank will be subject to the instructions of the government, which will be reflected in the Bank's policies and therefore, the central bank will not be able to adopt the goal of reducing inflation in earnest.
To make matters worse, that government spending is inherently inflationary result of the delay in the implementation of projects.
jarhead: .
OOTW: SO, SHABS IS SAYING THAT KEYWORDS HAS BEEN DOING WHAT HE THINKS IS BEST TO TRY TO DEAL WITH, AS DT SAID, THE WAFFLING IN MONETARY POLICY, TO OFFSET THE SPENDING OF THE MINISTRY OF FINANCE/GOVT
DT N AZ: So is he saying the budget is inherently the reason for the delay?
jarhead: he's gonna get fired
DT N AZ: [Image: laughing.png]
jarhead: imo
OOTW: And loss of independence would lead to the creditors to look to the central bank's money as government funds, becomes a target for creditors, and this is an important issue should be discussed with creditors and lawyers Iraq.
The loss of independence means that the central bank to adopt monetary policies in line with the policy of the government, but the government's policies may not fit with the Central Bank Law.
In other words, it does not focus on the fight against inflation does not give due importance to the goal of economic stability.
The imposition of a financial nature policies on the central bank should be the subject of study and coordination by government and parliamentary bodies.
The central bank has weakened administratively from the government, and often tried to governments to impose its policies on the central bank, including the former prime minister tried to borrow from the central bank which was rejected because the bank law prevents him from it, and ended up the attack on the central bank and the arrest of many of the finest staff .
OOTW: JARHEAD...IT'LL BE INTERESTING TO SEE WHAT HAPPENS
OOTW: And loss of independence would lead to the creditors to look to the central bank's money as government funds, becomes a target for creditors, and this is an important issue should be discussed with creditors and lawyers Iraq.
The loss of independence means that the central bank to adopt monetary policies in line with the policy of the government, but the government's policies may not fit with the Central Bank Law.
In other words, it does not focus on the fight against inflation does not give due importance to the goal of economic stability. The imposition of a financial nature policies on the central bank should be the subject of study and coordination by government and parliamentary bodies.
The central bank has weakened administratively from the government, and often tried to governments to impose its policies on the central bank, including the former prime minister tried to borrow from the central bank which was rejected because the bank law prevents him from it, and ended up the attack on the central bank and the arrest of many of the finest staff .
jarhead: agree
Abraham: Every day Private Sector Projectd are delayed by the antics is costly to Iraq
OOTW: THE ABOVE IS TALKING ABOUT HOW THE WEAKNESS OF POLICIES BY THE CBI, HELPED LEND TO CORRUPTION (IN PART)
jarhead: yep fired
OOTW: AND THAT MALIKI AND HIS GOONS HAD TOO MUCH CONTROL OVER THE CBI OR THEY TRIED TO IMPOSE CONTROL
jarhead: sucks to be him [Image: laughing.png]
DT N AZ: but they are moving from a dictatorship to a democracy and its all new to them
OOTW: AND HOW STAFF WERE ARRESTED AS RESULT OF RESISTING MALIKI'S REQUESTS FOR MONIES - SHABS IS TALKING ABOUT SALEH AND MANY STAFF MEMBERS
OOTW: AND HIMSELF/SHABS//ATTEMPTED ARREST
DT N AZ: correct
OOTW: KEY POINT HERE, AND WARRANTS REPETITION BY SHABS
OOTW: " The bubble and the high price of the dollar is a result of the policy of the government and the House of Representatives and it ought to be to remove obstacles for the foreign exchange market where you should not be given greater importance of fiscal policy, monetary policy is determine the exchange rate and help to manage the money and functions."
whitelions: ‹@jarhead› hope they remember to fire the daughter to [Image: laughing.png]
jarhead: yep
OOTW: BUT...KEYWORDS CANNOT MAINTAIN CONTROL...THAT'S, IN PART, WHY HE'S GOING BEFORE THE HOR
DT N AZ: He can't do the job, he needs to be replaced with someone that can
OOTW: BEAR WITH ME, WE'RE MORE THAN HALF WAY COMPLETED
OOTW: YES AND I THINK YOUR POINT WILL BE PROVED HERE, DT, WITH THE NEXT FEW PARAGRAPHS
OOTW: The central bank does not lend to the government but it helps the economy as a whole through price stability and credit regulation and supervision of the banking and financial sector regulation and payments and maintaining the country's reserve.
Lama speak much echoed by the government and the Finance Committee in the House of Representatives on "foreign currency auction", this auction is a monetary policy which pulls dinars from the market and bought by foreign currency and here Thread ends for the central bank, we have a cash discharge process direct and simple.
And if there is no import of "auction" For parliamentarians to inquire about the reasons for this in the customs or the Ministry of Commerce import process does not fall within the monetary process.
That the central bank must be matched each dollar demand and this is one of the fundamentals of price stability as the demand that has not saturated by the bank will go and creates another market prices and the other, which is contrary to the central bank law and creates a state of economic instability.
jarhead: he's gonna get fired [Image: laughing.png]
Abraham: Time for PM to show his strong hand if not individuals and instutions will lose confidence
OOTW: JARHEAD LOL
jarhead: cant take the heat................get out of da kitchen [Image: laughing.png]
DT N AZ: It sure appears they are considering it
jarhead: speakin of kitchens.....its hotter than a floosy in church today
OOTW: IN SHORT, BECAUSE THE CBI CANNOT STAY TO THE REQUIREMENTS FOR CURRENCY SALES/AUCTIONS, THE FEES FOR CURRENCY TRANSACTIONS MUST BE DISMISSED –
THERE'S TOO MUCH COST FOR PEOPLE TO TRANSACT BUYING CURRENCY WITHIN THE BANKS- THEY CAN'T AFFORD THE SPREAD, NOR THE CUSTOMS FEES...
THIS WOULD GREATLY SLOW DOWN TRANSACTIONS IN THE MARKET PLACE..THEY CAN'T AFFORD TO BUY CURRENCY AND THEY AS RESULT, CANNOT AFFORD TO BUY GOODS, THEY HAVE TO CURTAIL THEIR SPENDING
OOTW: THIS HURTS PRIVATE SECTOR DEVELOPMENT - EXACTLY WHAT THE GOI IS TRYING TO LAUNCH FULL FORCE RIGHT NOW
OOTW: I chose the Finance Committee put an upper limit on the sale of foreign currency (75 million dollars a day) thereby contributing to instability in and create multiple exchange rates for real because the demand was higher.
In any case, this request does not ask about the central bank, but ask for all sectors of the economy, why the Finance Committee in the Parliament and practiced legislation and supervision question to sectors of the economy which are supervised by and to the private sector, especially not go and it's supposed to meet all corners of the economy.
We do not doubt that there are irregularities, which requires follow-up with the relevant commercial banks, but we stress that the central bank is in front of the discharge process, but not cash, either by the imports is outside the scope of work of the Central Bank.
DT N AZ: taking it in the opposite direction
Doug_W: If I get out of the Kitchen WHERE do I go?
jarhead: bathroom u ate too much [Image: laughing.png]
OOTW: SO, TO ADD TO MY ABOVE COMMENT, SHABS IS SAYING THAT THE CUSTOMS FEES CHARGED FOR TRANSACTIONS IS AND SHOULD BE OUTSIDE THE SCOPE OR CONTROLS OF THE CBI
DT N AZ: wow, doug you are leaving yourself wide open on that one
OOTW: OK I'M ABOUT TO WIND UP HERE
OOTW: On the other hand the money to go abroad because the state did not provide suitable opportunities to invest at home.
Also, a section of which is a kind of external savings (within the concept of the national accounts of a country) will return to Iraq in appropriate circumstances that must be provided by the State.
As for the extra money must be sure of their sources and legitimacy of the banks and the circles in which anti-money laundering that should be strengthened, the majority of sources may be derived from money laundering or simply that the subject is big operations out of capital.
We must not forget that Iraq falls within the group of countries which are in transition from totalitarian regimes to open democratic systems provide the free economy.
This group of countries undergoing many changes in the economy opens up (as states formerly the Soviet Union), but a lot of these countries, its economy was characterized by the transfer of capital abroad.
In the case of Iraq also encourages this transition because of the conditions of violence and instability experienced by the country. This situation may explain the large amounts that are being converted to Aforeig.anha go abroad in order to spare, then we are in front of the case of capital flight and not smuggled.
The situation in Iraq at the present time encourage capital flight, and if it does not allow for capital that moves the dollar exchange rate in the market will rise significantly hampering economic decision-making.
Iraq has not yet become a safe place brings currency, we need large national efforts to ensure stability and attract currency.
Doug_W: on purpose Jar needs a ZINGER ocasionally
jarhead: no hate those things
jarhead: [Image: laughing.png]
jarhead: take ur meds oldy locks [Image: laughing.png]
MichelleL: hope someone copied all this, since I just got back
DT N AZ: So, putting these two time periods together from Shabibi really makes me think things are seriously heating up to force a major change
jarhead: nope
MichelleL: saw a good movie today, recommend to anyone requiring entertainment beyond deeeenar
OOTW: BECAUSE THERE HAS NOT BEEN AMPLE OPPORTUNITY GIVEN TO PEOPLE INVESTING INSIDE IRAQ, TO INVEST IN IRAQ (DUE TO THE IMBALANCE OF MONETARY PRACTICES) - THE STATE/OR GOVERNMENT MUST PROVIDE THE CONDITIONS SUITABLE FOR PEOPLE IN COUNTRY TO INVEST IN IRAQ, AND THIS INCLUDES A RETURN IN STABILITY OF THE AUCTION / BUY SELL RATE
DT N AZ: ‹[i]@MichelleL› I have it all[/i]
OOTW: SO PEOPLE CAN AFFORD IT
OOTW: HERE, SHABS IS SAYING THAT THE GOVERNMENT NOW HAS TO INTERVENE TO GAIN CONTROL OVER THE MONETARY MARKET
MichelleL: good DT, then it will be in forum, thanks!
Abraham: Without
DT N AZ: Yes Abraham
OOTW: AT THE TIME SHABS GAVE HIS INTERVIEW (VIDEO WAY ABOVE) HE SAID INFLATION WAS AT 5% (2011)
OOTW: BRB
Cricket22: I learned something today that I will share later
OOTW: HERE IS A VERY GOOD ASSESSMENT OF THE CBI'S PLACE
jarhead: uh oh
OOTW: FROM SHABS
OOTW: Also restrict the sale by the House of Representatives means interference in the work of Parliament's central bank. Common among among economists and parliamentarians that the central bank continued to the House of Representatives,
and this is a big mistake of the Central Bank is responsible to the House of Representatives and not subordinate to him, and here the Central Bank is no different from the rest of the ministries, but this responsibility (the responsibility of the central bank) explicitly mentioned in the Constitution.
OOTW: SO, THE CBI HAS TO WORK IN CONJUNCTION WITH THE GOI AS IF IT WERE ANOTHER MINISTRY
DT N AZ: true
DT N AZ: exactly
OOTW: JUST LIKE THE MINISTRY OF FINANCE, BUT NOT SUBORDINATE TO IT (LESS THAN)
DT N AZ: and in a way it is
OOTW: THIS, IS WHY THE MINISTRY OF FINANCE HAS TO CALL KEYWORDS INTO THE HOR TO BE HOSTED
DT N AZ: correct, in conjunction with
OOTW: TRUE DT
DT N AZ: to make sure they are both on the same page
OOTW: AND HERE'S THIS FROM SHABS
DT N AZ: with the plan
OOTW: YES
OOTW: Thus, the central bank has lost its independence and became a bow to the decisions of the government and parliament. The style is the right to put forward ideas as proposals in the House of Representatives and then be voted upon.
DT N AZ: thus the meeting
OOTW: WHEN HE SAYS "THE STYLE" HE MEANS THE NOW ESTABLISHED CONVENTION
OOTW: YES
Abraham: Correct and the PM has the final say based on recommendations from the CBI and minister of finance in consultation with the IMF and World Bank
DT N AZ: this is a very big meeting
DT N AZ: BIG
DT N AZ: HUGE
OOTW: MY APOLOGIES, BUT I REALLY DO SEEM TO NEED TO PULL IN MOST OF THIS ARTICLE TO GET TO WHERE WE NEED TO END UP - "START AS YOU MEAN TO GO"
OOTW: FOR SURE DT!
OOTW: The government and parliament policies, and particularly in determining sales, led to a duplication of the exchange rate deceived enriched black market and some of them used by others in other funding terrorism may be one of them.
Loss of autonomy has several caveats most important that the central bank will be subject to the instructions of the government, which will be reflected in the Bank's policies and therefore, the central bank will not be able to adopt the goal of reducing inflation in earnest.
To make matters worse, that government spending is inherently inflationary result of the delay in the implementation of projects.
jarhead: .
OOTW: SO, SHABS IS SAYING THAT KEYWORDS HAS BEEN DOING WHAT HE THINKS IS BEST TO TRY TO DEAL WITH, AS DT SAID, THE WAFFLING IN MONETARY POLICY, TO OFFSET THE SPENDING OF THE MINISTRY OF FINANCE/GOVT
DT N AZ: So is he saying the budget is inherently the reason for the delay?
jarhead: he's gonna get fired
DT N AZ: [Image: laughing.png]
jarhead: imo
OOTW: And loss of independence would lead to the creditors to look to the central bank's money as government funds, becomes a target for creditors, and this is an important issue should be discussed with creditors and lawyers Iraq.
The loss of independence means that the central bank to adopt monetary policies in line with the policy of the government, but the government's policies may not fit with the Central Bank Law.
In other words, it does not focus on the fight against inflation does not give due importance to the goal of economic stability.
The imposition of a financial nature policies on the central bank should be the subject of study and coordination by government and parliamentary bodies.
The central bank has weakened administratively from the government, and often tried to governments to impose its policies on the central bank, including the former prime minister tried to borrow from the central bank which was rejected because the bank law prevents him from it, and ended up the attack on the central bank and the arrest of many of the finest staff .
OOTW: JARHEAD...IT'LL BE INTERESTING TO SEE WHAT HAPPENS
OOTW: And loss of independence would lead to the creditors to look to the central bank's money as government funds, becomes a target for creditors, and this is an important issue should be discussed with creditors and lawyers Iraq.
The loss of independence means that the central bank to adopt monetary policies in line with the policy of the government, but the government's policies may not fit with the Central Bank Law.
In other words, it does not focus on the fight against inflation does not give due importance to the goal of economic stability. The imposition of a financial nature policies on the central bank should be the subject of study and coordination by government and parliamentary bodies.
The central bank has weakened administratively from the government, and often tried to governments to impose its policies on the central bank, including the former prime minister tried to borrow from the central bank which was rejected because the bank law prevents him from it, and ended up the attack on the central bank and the arrest of many of the finest staff .
jarhead: agree
Abraham: Every day Private Sector Projectd are delayed by the antics is costly to Iraq
OOTW: THE ABOVE IS TALKING ABOUT HOW THE WEAKNESS OF POLICIES BY THE CBI, HELPED LEND TO CORRUPTION (IN PART)
jarhead: yep fired
OOTW: AND THAT MALIKI AND HIS GOONS HAD TOO MUCH CONTROL OVER THE CBI OR THEY TRIED TO IMPOSE CONTROL
jarhead: sucks to be him [Image: laughing.png]
DT N AZ: but they are moving from a dictatorship to a democracy and its all new to them
OOTW: AND HOW STAFF WERE ARRESTED AS RESULT OF RESISTING MALIKI'S REQUESTS FOR MONIES - SHABS IS TALKING ABOUT SALEH AND MANY STAFF MEMBERS
OOTW: AND HIMSELF/SHABS//ATTEMPTED ARREST
DT N AZ: correct
OOTW: KEY POINT HERE, AND WARRANTS REPETITION BY SHABS
OOTW: " The bubble and the high price of the dollar is a result of the policy of the government and the House of Representatives and it ought to be to remove obstacles for the foreign exchange market where you should not be given greater importance of fiscal policy, monetary policy is determine the exchange rate and help to manage the money and functions."
whitelions: ‹@jarhead› hope they remember to fire the daughter to [Image: laughing.png]
jarhead: yep
OOTW: BUT...KEYWORDS CANNOT MAINTAIN CONTROL...THAT'S, IN PART, WHY HE'S GOING BEFORE THE HOR
DT N AZ: He can't do the job, he needs to be replaced with someone that can
OOTW: BEAR WITH ME, WE'RE MORE THAN HALF WAY COMPLETED
OOTW: YES AND I THINK YOUR POINT WILL BE PROVED HERE, DT, WITH THE NEXT FEW PARAGRAPHS
OOTW: The central bank does not lend to the government but it helps the economy as a whole through price stability and credit regulation and supervision of the banking and financial sector regulation and payments and maintaining the country's reserve.
Lama speak much echoed by the government and the Finance Committee in the House of Representatives on "foreign currency auction", this auction is a monetary policy which pulls dinars from the market and bought by foreign currency and here Thread ends for the central bank, we have a cash discharge process direct and simple.
And if there is no import of "auction" For parliamentarians to inquire about the reasons for this in the customs or the Ministry of Commerce import process does not fall within the monetary process.
That the central bank must be matched each dollar demand and this is one of the fundamentals of price stability as the demand that has not saturated by the bank will go and creates another market prices and the other, which is contrary to the central bank law and creates a state of economic instability.
jarhead: he's gonna get fired [Image: laughing.png]
Abraham: Time for PM to show his strong hand if not individuals and instutions will lose confidence
OOTW: JARHEAD LOL
jarhead: cant take the heat................get out of da kitchen [Image: laughing.png]
DT N AZ: It sure appears they are considering it
jarhead: speakin of kitchens.....its hotter than a floosy in church today
OOTW: IN SHORT, BECAUSE THE CBI CANNOT STAY TO THE REQUIREMENTS FOR CURRENCY SALES/AUCTIONS, THE FEES FOR CURRENCY TRANSACTIONS MUST BE DISMISSED –
THERE'S TOO MUCH COST FOR PEOPLE TO TRANSACT BUYING CURRENCY WITHIN THE BANKS- THEY CAN'T AFFORD THE SPREAD, NOR THE CUSTOMS FEES...
THIS WOULD GREATLY SLOW DOWN TRANSACTIONS IN THE MARKET PLACE..THEY CAN'T AFFORD TO BUY CURRENCY AND THEY AS RESULT, CANNOT AFFORD TO BUY GOODS, THEY HAVE TO CURTAIL THEIR SPENDING
OOTW: THIS HURTS PRIVATE SECTOR DEVELOPMENT - EXACTLY WHAT THE GOI IS TRYING TO LAUNCH FULL FORCE RIGHT NOW
OOTW: I chose the Finance Committee put an upper limit on the sale of foreign currency (75 million dollars a day) thereby contributing to instability in and create multiple exchange rates for real because the demand was higher.
In any case, this request does not ask about the central bank, but ask for all sectors of the economy, why the Finance Committee in the Parliament and practiced legislation and supervision question to sectors of the economy which are supervised by and to the private sector, especially not go and it's supposed to meet all corners of the economy.
We do not doubt that there are irregularities, which requires follow-up with the relevant commercial banks, but we stress that the central bank is in front of the discharge process, but not cash, either by the imports is outside the scope of work of the Central Bank.
DT N AZ: taking it in the opposite direction
Doug_W: If I get out of the Kitchen WHERE do I go?
jarhead: bathroom u ate too much [Image: laughing.png]
OOTW: SO, TO ADD TO MY ABOVE COMMENT, SHABS IS SAYING THAT THE CUSTOMS FEES CHARGED FOR TRANSACTIONS IS AND SHOULD BE OUTSIDE THE SCOPE OR CONTROLS OF THE CBI
DT N AZ: wow, doug you are leaving yourself wide open on that one
OOTW: OK I'M ABOUT TO WIND UP HERE
OOTW: On the other hand the money to go abroad because the state did not provide suitable opportunities to invest at home.
Also, a section of which is a kind of external savings (within the concept of the national accounts of a country) will return to Iraq in appropriate circumstances that must be provided by the State.
As for the extra money must be sure of their sources and legitimacy of the banks and the circles in which anti-money laundering that should be strengthened, the majority of sources may be derived from money laundering or simply that the subject is big operations out of capital.
We must not forget that Iraq falls within the group of countries which are in transition from totalitarian regimes to open democratic systems provide the free economy.
This group of countries undergoing many changes in the economy opens up (as states formerly the Soviet Union), but a lot of these countries, its economy was characterized by the transfer of capital abroad.
In the case of Iraq also encourages this transition because of the conditions of violence and instability experienced by the country. This situation may explain the large amounts that are being converted to Aforeig.anha go abroad in order to spare, then we are in front of the case of capital flight and not smuggled.
The situation in Iraq at the present time encourage capital flight, and if it does not allow for capital that moves the dollar exchange rate in the market will rise significantly hampering economic decision-making.
Iraq has not yet become a safe place brings currency, we need large national efforts to ensure stability and attract currency.
Doug_W: on purpose Jar needs a ZINGER ocasionally
jarhead: no hate those things
jarhead: [Image: laughing.png]
jarhead: take ur meds oldy locks [Image: laughing.png]
MichelleL: hope someone copied all this, since I just got back
DT N AZ: So, putting these two time periods together from Shabibi really makes me think things are seriously heating up to force a major change
jarhead: nope
MichelleL: saw a good movie today, recommend to anyone requiring entertainment beyond deeeenar
OOTW: BECAUSE THERE HAS NOT BEEN AMPLE OPPORTUNITY GIVEN TO PEOPLE INVESTING INSIDE IRAQ, TO INVEST IN IRAQ (DUE TO THE IMBALANCE OF MONETARY PRACTICES) - THE STATE/OR GOVERNMENT MUST PROVIDE THE CONDITIONS SUITABLE FOR PEOPLE IN COUNTRY TO INVEST IN IRAQ, AND THIS INCLUDES A RETURN IN STABILITY OF THE AUCTION / BUY SELL RATE
DT N AZ: ‹[i]@MichelleL› I have it all[/i]
OOTW: SO PEOPLE CAN AFFORD IT
OOTW: HERE, SHABS IS SAYING THAT THE GOVERNMENT NOW HAS TO INTERVENE TO GAIN CONTROL OVER THE MONETARY MARKET
MichelleL: good DT, then it will be in forum, thanks!
OOTW: The situation in Iraq at the present time encourage capital flight, and if it does not allow for capital that moves the dollar exchange rate in the market will rise significantly hampering economic decision-making.
Iraq has not yet become a safe place brings currency, we need large national efforts to ensure stability and attract currency.
Doug_W: GOOD job OOTW
tourman: so the CBI is telling the GOI what their business is?
whitelions: Great job OOTW
OOTW: SHABS IS SAYING HERE, "WE HAVE TO MAKE IRAQ SAFE FOR currency - SO NOW THE GOVERNMENT HAS TO INTERVENE IN CBI POLICY –
WE MUST HAVE STABILITY IN THE CBI OVERISGHT'S, TO CONTROL THE ECONOMY AND TO ASSURE IRAQ ATTRACTS INVESTORS, AND THAT THEY WILL BE PROTECTED!"
DT N AZ: Shabibi is saying GOI needs to step in to the CBI policy for a bit to make some immediate changes to help the local market
OOTW: OKAY I'M DONE
OOTW: THANKS WHITELIONS
OOTW: I THINK IT'S VERY INTERESTING ALL OF THE DYNAMICS OCCURRING BETWEEN THE GOI, AND THE CBI, IN COMPARISON TO WHAT SHABS IS SAYING IN THIS ARTICLE!
DT N AZ: me too
OOTW: IT SURE SEEMS HE'S RUNNING THE SHOW IN SOME WAY
tourman: but the CBI is autonomous, stand alone..
OOTW: YES DT
OOTW: I CAN'T WAIT FOR TOMORROW
jarhead: supposedly
DT N AZ: he is an expert at it
OOTW: WE MAY, AND I SAY, "MAY" HOLD A CC IF THE NEWS WARRANTS IT
DT N AZ: ‹[i]@tourman› its saying they are at a point right now where they need GOI help to get this under control[/i]
OOTW: I EXPECT MANY OTHERS IN THE COMMUNITY WILL BE AS WELL
OOTW: YES THANKS FOR THAT, DT, YES!
OOTW: FINITO
jarhead: ‹@OOTW› send an email ifn ya do have acc
jarhead: a cc
OOTW: YES I WILL
jarhead: it helps the memory
OOTW: I'M GOING TO MASS MAIL THE LINK FOR THIS CHAT OUT WITH AN ANNOUNCEMENT ABOUT A POSSIBLE CC
DT N AZ: and moral
OOTW: LOL JARHEAD
OOTW: UNDERSTOOD
OOTW: YEP DT IT SURE DOES HELP
tourman: man o man I just dont like the sound of the GOI getting involved with the CBI... Thats the cookie jar!
DT N AZ: ‹[i]@tourman› it is however we have someone as PM that is trustworthy now[/i]
Cricket22: ‹[i]@OOTW› You're sooooo AWESOME! I love ya! [Image: heart.png] [Image: kissing.png][/i]
OOTW: TOURMAN REMEMBER LAST WEEK OR SO WE SAW AN ARTICLE, STATING THAT THE GOI WAS GOING TO LEGISLATE THE BANKING LAW FOR THE CBI?
OOTW: TO MY MIND, THIS IS THE PRONOUNCEMENT THAT THE CBI WAS NOW SUBJECT TO GOI CONTROLS
tourman: I do remember.... Just hope THEY (GOI) dont screw it up with their helping hand...
DT N AZ: exactly
OOTW: AND THIS WAS ONE OF THE KEY ANNOUNCEMENTS INDICATING THAT WHAT WE'RE NOW SEEING, WAS GOING TO BE TAKING PLACE
OOTW: ONE WAY TO CURB THIS IS TO REPLACE KEYWORDS, INSTALL SOMEONE THE GOI FEELS THEY CAN WORK WITH, AND THEN ALLOW THE CBI TO REFORM THE BANKING LAW
tourman: Just get someone in their that does not have a stupid name like (KEYWORDS) [Image: laughing.png]
OOTW: THAT WOULD RETURN THE CBI TO IT'S RIGHTFUL PLACE OF AUTONOMY (RELATIVELY SPEAKING) , AND BE SUPPORTED BY THE GOI, AT A DISTANCE,http://ift.tt/1SvYJuY SO THEY COULD GAIN CONTROL OF THE MONETARY POLICY AND DO RIGHT BY THE PEOPLE
OOTW: LOL
OOTW: THERE'S NO REASON FOR THE GOI TO COME OUT AND STATE THEY WANT TO REFORM THE BANKING LAW FOR THE CBI, UNLESS THIS WAS THE CASE, OTHERWISE, THEY'D JUST DO IT
jarhead: ‹@tourman› google translate it was jamal watermelon [Image: laughing.png]
tourman: ‹@OOTW› as usual.. good news anyway.. Thx [Image: grin.png]
whitelions: I think Saleh is going to be the choice
OOTW: IDK WHITELIONS I SURE HOPE NOT, BECAUSE HIS STATEMENTS WAFFLE TOO MUCH - AND THAT'S EITHER REALITY OR THE PRESS' SLANT
creekside: @OOTW thanks for the great news articles!
OOTW: IF IT'S THE FORMER, I WOULD NOT LIKE SALEH TO BE INSTALLED EVEN THOUGH I THINK HE'S A GOOD PERSON
creekside: @OOTW and opinion
OOTW: SURE CREEKSIDE TY
OOTW: IRAQ SEEMS TO LIKE THEIR "OLD DOGS" SO WE'LL SEE
OOTW: LOVE YOU TOO CRICKET
OOTW: TY
whitelions: ‹@OOTW› I agree they are old dogs but they have to start new and they trust saleh right now and he can be replaced and also Sabbs will be advising and he likes Saleh alot and saleh will do as shabbs asks , them main thing they need right now is to get on track and keywords is to much of a Maliki guy he has shone that
OOTW: ‹@whitelions› YES VERY GOOD POINTS
OOTW: JARHEAD WHERE ARE YOU AT THAT YOU HAVE CABIN FEVER?
OOTW: IT'S EITHER SOMEWHERE ICY OR SOMEWHERE HOT
OOTW: LOL
Iraq has not yet become a safe place brings currency, we need large national efforts to ensure stability and attract currency.
Doug_W: GOOD job OOTW
tourman: so the CBI is telling the GOI what their business is?
whitelions: Great job OOTW
OOTW: SHABS IS SAYING HERE, "WE HAVE TO MAKE IRAQ SAFE FOR currency - SO NOW THE GOVERNMENT HAS TO INTERVENE IN CBI POLICY –
WE MUST HAVE STABILITY IN THE CBI OVERISGHT'S, TO CONTROL THE ECONOMY AND TO ASSURE IRAQ ATTRACTS INVESTORS, AND THAT THEY WILL BE PROTECTED!"
DT N AZ: Shabibi is saying GOI needs to step in to the CBI policy for a bit to make some immediate changes to help the local market
OOTW: OKAY I'M DONE
OOTW: THANKS WHITELIONS
OOTW: I THINK IT'S VERY INTERESTING ALL OF THE DYNAMICS OCCURRING BETWEEN THE GOI, AND THE CBI, IN COMPARISON TO WHAT SHABS IS SAYING IN THIS ARTICLE!
DT N AZ: me too
OOTW: IT SURE SEEMS HE'S RUNNING THE SHOW IN SOME WAY
tourman: but the CBI is autonomous, stand alone..
OOTW: YES DT
OOTW: I CAN'T WAIT FOR TOMORROW
jarhead: supposedly
DT N AZ: he is an expert at it
OOTW: WE MAY, AND I SAY, "MAY" HOLD A CC IF THE NEWS WARRANTS IT
DT N AZ: ‹[i]@tourman› its saying they are at a point right now where they need GOI help to get this under control[/i]
OOTW: I EXPECT MANY OTHERS IN THE COMMUNITY WILL BE AS WELL
OOTW: YES THANKS FOR THAT, DT, YES!
OOTW: FINITO
jarhead: ‹@OOTW› send an email ifn ya do have acc
jarhead: a cc
OOTW: YES I WILL
jarhead: it helps the memory
OOTW: I'M GOING TO MASS MAIL THE LINK FOR THIS CHAT OUT WITH AN ANNOUNCEMENT ABOUT A POSSIBLE CC
DT N AZ: and moral
OOTW: LOL JARHEAD
OOTW: UNDERSTOOD
OOTW: YEP DT IT SURE DOES HELP
tourman: man o man I just dont like the sound of the GOI getting involved with the CBI... Thats the cookie jar!
DT N AZ: ‹[i]@tourman› it is however we have someone as PM that is trustworthy now[/i]
Cricket22: ‹[i]@OOTW› You're sooooo AWESOME! I love ya! [Image: heart.png] [Image: kissing.png][/i]
OOTW: TOURMAN REMEMBER LAST WEEK OR SO WE SAW AN ARTICLE, STATING THAT THE GOI WAS GOING TO LEGISLATE THE BANKING LAW FOR THE CBI?
OOTW: TO MY MIND, THIS IS THE PRONOUNCEMENT THAT THE CBI WAS NOW SUBJECT TO GOI CONTROLS
tourman: I do remember.... Just hope THEY (GOI) dont screw it up with their helping hand...
DT N AZ: exactly
OOTW: AND THIS WAS ONE OF THE KEY ANNOUNCEMENTS INDICATING THAT WHAT WE'RE NOW SEEING, WAS GOING TO BE TAKING PLACE
OOTW: ONE WAY TO CURB THIS IS TO REPLACE KEYWORDS, INSTALL SOMEONE THE GOI FEELS THEY CAN WORK WITH, AND THEN ALLOW THE CBI TO REFORM THE BANKING LAW
tourman: Just get someone in their that does not have a stupid name like (KEYWORDS) [Image: laughing.png]
OOTW: THAT WOULD RETURN THE CBI TO IT'S RIGHTFUL PLACE OF AUTONOMY (RELATIVELY SPEAKING) , AND BE SUPPORTED BY THE GOI, AT A DISTANCE,http://ift.tt/1SvYJuY SO THEY COULD GAIN CONTROL OF THE MONETARY POLICY AND DO RIGHT BY THE PEOPLE
OOTW: LOL
OOTW: THERE'S NO REASON FOR THE GOI TO COME OUT AND STATE THEY WANT TO REFORM THE BANKING LAW FOR THE CBI, UNLESS THIS WAS THE CASE, OTHERWISE, THEY'D JUST DO IT
jarhead: ‹@tourman› google translate it was jamal watermelon [Image: laughing.png]
tourman: ‹@OOTW› as usual.. good news anyway.. Thx [Image: grin.png]
whitelions: I think Saleh is going to be the choice
OOTW: IDK WHITELIONS I SURE HOPE NOT, BECAUSE HIS STATEMENTS WAFFLE TOO MUCH - AND THAT'S EITHER REALITY OR THE PRESS' SLANT
creekside: @OOTW thanks for the great news articles!
OOTW: IF IT'S THE FORMER, I WOULD NOT LIKE SALEH TO BE INSTALLED EVEN THOUGH I THINK HE'S A GOOD PERSON
creekside: @OOTW and opinion
OOTW: SURE CREEKSIDE TY
OOTW: IRAQ SEEMS TO LIKE THEIR "OLD DOGS" SO WE'LL SEE
OOTW: LOVE YOU TOO CRICKET
OOTW: TY
whitelions: ‹@OOTW› I agree they are old dogs but they have to start new and they trust saleh right now and he can be replaced and also Sabbs will be advising and he likes Saleh alot and saleh will do as shabbs asks , them main thing they need right now is to get on track and keywords is to much of a Maliki guy he has shone that
OOTW: ‹@whitelions› YES VERY GOOD POINTS
OOTW: JARHEAD WHERE ARE YOU AT THAT YOU HAVE CABIN FEVER?
OOTW: IT'S EITHER SOMEWHERE ICY OR SOMEWHERE HOT
OOTW: LOL
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