Post From BondLadys Corner 12-15-15
BLC Admin Tlm724 News & Comments Part 2 of 2
Corruption is eating away "the Iraqi currency auction"
BAGHDAD - A peace Zidane December 14, 2015
"The money they looted from currency auction at the Central Bank since 2012 and so far more than $ 100 billion."
Also read: Iraqis punishment: cut dinar instead of stopping corruption (see below from November 30, 2015)
BLC Admin Tlm724 News & Comments Part 2 of 2
Corruption is eating away "the Iraqi currency auction"
BAGHDAD - A peace Zidane December 14, 2015
"The money they looted from currency auction at the Central Bank since 2012 and so far more than $ 100 billion."
Also read: Iraqis punishment: cut dinar instead of stopping corruption (see below from November 30, 2015)
LINK
Iraqis punishment: cut dinar instead of stopping corruption
BAGHDAD - A peace Zidane November 30, 2015 (ONLY PARTIAL ARTICLE)
It rolled on Economic Iraqi decision-making numerous proposals for crossing the country's economy to safety from the suffocating crisis that is currently exposed to a result of relying almost entirely on oil rooms, most notably reducing the value of the dinar against the dollar,
which was welcomed by policy makers because it provides the state more than seven billion dollars during 2016, which is the easiest solution, even at the expense of the people.
The country depends heavily on imports and this procedure will lead to higher inflation means the escalation of prices on the market, but that it serves the Government time now because he suffers from a deficit in closing costs. " and added that "the second option to stay on the current situation and therefore the government will be unable to provide funds for expenditures,"
pointing out that "the devaluation of the dinar will be forced the central bank to spend a billion dollars a month from the cash reserve to control on the market. " "The central bank issued new currency worth five trillion dinars (4.1 billion dollars) in order to reduce the fiscal deficit. LINK
~~~~~~
The International Monetary Fund does not support the reduction in the value of the Iraqi dinar
International Monetary Fund signed an agreement with Iraq to monitor the economy
Author: AR, HAA, HH Editor: AR, HH 2015/12/15 13:37
Long-Presse / Baghdad - The International Monetary Fund on Tuesday signed an agreement with Iraq in the coming days about the program to monitor the economy and establishment of a track record of administrative performance and effective for the country, as he emphasized that the program aims to cut spending and reduce the deficit to consolidate the financial program to be agreed upon next year in 2016.
The director of the Middle East office of the IMF Masood Ahmed said in a statement on the sidelines of a conference in Dubai and I followed (range Press) that "the IMF is seeking to sign an agreement with Iraq on the economy of the monitoring program."
Ahmed added that "this program will be established to record the follow-up and monitor the effective performance of the Iraqi financial authorities, which will lead to the introduction of a financial program to be agreed upon next year 2016".
It is said that Iraq had agreed last month, on the IMF to monitor the economic policies of Baghdad, where the program aims to cut spending and reduce the deficit in the Iraqi budget.
The International Monetary Fund predicted on Wednesday the (19 August 2015), to witness the Iraqi economy "improved modestly" during the current 2015 by 0.5 percent due to the increase of oil production, with incidence more contraction in activity the non-oil sector, and with the exception of that outlook the rate of growth in the medium term, is still positive,
although it is less than the required rates before the crisis, he stressed that the growth will be determined by the desired increase oil production and recovery rates of growth in other sectors as well as the expected improvements to the security situation and the implementation of structural reforms.
It is noteworthy that Iraq complain of weak financial revenues due to declining oil prices and increased expenses, which the military side came on her head, which made the government resort to austerity as one of the solutions adopted to meet the country's economic situation started.
The International Monetary Fund, a specialized agency of the Bretton Woods system of the United Nations, was established under an international treaty in 1945, to work on enhancing the safety of the global economy, and is located Fund headquarters in Washington, DC, and managed by its members who include almost their number of 188 countries all countries of the world. LINK
[tlm724] this is from another article, link below
[tlm724] Parliamentary economy outweigh the survival of the economic recession and austerity to the post-2016 15/12/2015 10:10 | Direction Press / Baghdad Suggested the economic and investment commission, on Tuesday, the survival of the economic recession and austerity to the post in 2016, citing the need to "convene an international economic conference to revive the Iraqi economy."
Committee member, said Burhan Almamori in a press statement today, said, "Do not search for alternatives to oil in the budget of 2016 shows that the economic recession and austerity will continue until post-2016," noting that "the government has no strategic plans for economic side."
http://ift.tt/1k1qoHt
[tlm724] ok I call BS on this " said, "Do not search for alternatives to oil in the budget of 2016 shows that the economic recession and austerity will continue until post-2016," noting that "the government has no strategic plans for economic side."
[tlm724] and I'll show you why
The International Monetary Fund does not support the reduction in the value of the Iraqi dinar International Monetary Fund signed an agreement with Iraq to monitor the economy Author: AR, HAA, HH Editor: AR, HH 2015/12/15 13:37 Long-Presse / Baghdad
The International Monetary Fund on Tuesday signed an agreement with Iraq in the coming days about the program to monitor the economy and establishment of a track record of administrative performance and effective for the country, as he emphasized that the program aims to cut spending and reduce the deficit to consolidate the financial program to be agreed upon next year in 2016.
The director of the Middle East office of the IMF Masood Ahmed said in a statement on the sidelines of a conference in Dubai and I followed (range Press) that "the IMF is seeking to sign an agreement with Iraq on the economy of the monitoring program."
Ahmed added that "this program will be established to record the follow-up and monitor the effective performance of the Iraqi financial authorities, which will lead to the introduction of a financial program to be agreed upon next year 2016".
It is said that Iraq had agreed last month, on the IMF to monitor the economic policies of Baghdad, where the program aims to cut spending and reduce the deficit in the Iraqi budget
[tlm724] The International Monetary Fund does not support the reduction in the value of the Iraqi dinar
[tlm724] see that line ^^^^ it is right under the IMF symbol in the article
[cstacy] tlm724 thanks
[tlm724] IMF doesn't support the recent reduction in the dinar, think it's at 1182 right now
[tlm724] IMF says *slap* your going the wrong way Nelson
[tlm724] "this program will be established to record the follow-up and monitor the effective performance of the Iraqi financial authorities
[tlm724] heres what the IMF said on Nov 10th
IMF Mission Reaches Agreement on Staff-Monitored Program with Iraq Press Release No. 15/509 November 10, 2015 End-of-Mission press releases include statements of IMF staff teams that convey preliminary findings after a visit to a country.
The views expressed in this statement are those of the IMF staff and do not necessarily represent the views of the IMF’s Executive Board. This mission will not result in a Board discussion. An International Monetary Fund (IMF) mission led by Christian Josz visited Amman from November 1–10, 2015 to discuss a Staff-Monitored Program (SMP) with the Iraqi authorities.
At the end of the visit, Mr. Josz issued the following statement: “Iraq continues to face a number of challenges. Key among those is the ongoing armed conflict with ISIS, which continues to strain the country’s resources and results in new waves of internally displaced people, reaching over 4 million in June 2015.
The other key challenge is the fall in oil prices, causing a large external shock to the balance of payments and the budget revenue, which depends predominantly on oil export receipts.
“In that difficult environment, real GDP should grow by 1.5 percent in 2015 owing to the increase in oil production, which is located in areas under control of the Iraqi government and the Kurdistan Regional Government.
The current account deficit of the balance of payments should increase to 7 percent of GDP in 2015, and the foreign exchange reserves, which amounted to US$59 billion at end-October 2015, should decline but still amount to 9 months of imports of goods and services at the end of 2015.
“The Iraqi authorities are committed to addressing the fiscal pressures caused by the dual shocks related to oil prices and the ISIS attack.
They have reached a staff-level agreement with the mission on an SMP starting at the end of 2015. Under the SMP, the authorities will implement a fiscal consolidation that will contain public expenditure in line with available revenue and financing, and aim to reduce the non-oil primary deficit by 4 percent of non-oil GDP between 2014 and 2016.
Under the SMP, agreement has also been reached on measures to strengthen public financial management, anti-money laundering and countering the financing of terrorism (AML/CFT), and financial sector stability. “The SMP will be submitted to IMF management for its consideration by the beginning of next year. It will allow the Iraqi authorities to build a track record for a possible Fund financing arrangement.
[tlm724] They have reached a staff-level agreement with the mission on an SMP starting at the end of 2015.
[tlm724] the authorities will implement a fiscal consolidation that will contain public expenditure in line with available revenue and financing
[tlm724] agreement has also been reached on measures to strengthen public financial management, anti-money laundering and countering the financing of terrorism (AML/CFT), and financial sector stability.
[tlm724] The SMP will be submitted to IMF management for its consideration by the beginning of next year.
[tlm724] SMP = Staff-Monitored Program
[tlm724] that means the IMF has the con to an extent as I mentioned the other day
[cstacy] tlm724 great thanks
[tlm724] Staff = IMF
“During the mission the team met with Minister of Finance Hoshyar Zebari, Acting Governor of the Central Bank of Iraq (CBI) Ali Allaq and officials from the ministries of finance, planning, oil, the CBI, the Board of Supreme Audit and representatives from state-owned banks. The team would like to thank the Iraqi authorities for their cooperation and the open and productive discussions.”
[tlm724] They met with everyone that matters !
[tlm724] heres the link if you need it
http://ift.tt/20KzJVE
[tlm724] now thats what I'm talkin about
~~~~~~
Iraqis punishment: cut dinar instead of stopping corruption
BAGHDAD - A peace Zidane November 30, 2015 (ONLY PARTIAL ARTICLE)
It rolled on Economic Iraqi decision-making numerous proposals for crossing the country's economy to safety from the suffocating crisis that is currently exposed to a result of relying almost entirely on oil rooms, most notably reducing the value of the dinar against the dollar,
which was welcomed by policy makers because it provides the state more than seven billion dollars during 2016, which is the easiest solution, even at the expense of the people.
The country depends heavily on imports and this procedure will lead to higher inflation means the escalation of prices on the market, but that it serves the Government time now because he suffers from a deficit in closing costs. " and added that "the second option to stay on the current situation and therefore the government will be unable to provide funds for expenditures,"
pointing out that "the devaluation of the dinar will be forced the central bank to spend a billion dollars a month from the cash reserve to control on the market. " "The central bank issued new currency worth five trillion dinars (4.1 billion dollars) in order to reduce the fiscal deficit. LINK
~~~~~~
The International Monetary Fund does not support the reduction in the value of the Iraqi dinar
International Monetary Fund signed an agreement with Iraq to monitor the economy
Author: AR, HAA, HH Editor: AR, HH 2015/12/15 13:37
Long-Presse / Baghdad - The International Monetary Fund on Tuesday signed an agreement with Iraq in the coming days about the program to monitor the economy and establishment of a track record of administrative performance and effective for the country, as he emphasized that the program aims to cut spending and reduce the deficit to consolidate the financial program to be agreed upon next year in 2016.
The director of the Middle East office of the IMF Masood Ahmed said in a statement on the sidelines of a conference in Dubai and I followed (range Press) that "the IMF is seeking to sign an agreement with Iraq on the economy of the monitoring program."
Ahmed added that "this program will be established to record the follow-up and monitor the effective performance of the Iraqi financial authorities, which will lead to the introduction of a financial program to be agreed upon next year 2016".
It is said that Iraq had agreed last month, on the IMF to monitor the economic policies of Baghdad, where the program aims to cut spending and reduce the deficit in the Iraqi budget.
The International Monetary Fund predicted on Wednesday the (19 August 2015), to witness the Iraqi economy "improved modestly" during the current 2015 by 0.5 percent due to the increase of oil production, with incidence more contraction in activity the non-oil sector, and with the exception of that outlook the rate of growth in the medium term, is still positive,
although it is less than the required rates before the crisis, he stressed that the growth will be determined by the desired increase oil production and recovery rates of growth in other sectors as well as the expected improvements to the security situation and the implementation of structural reforms.
It is noteworthy that Iraq complain of weak financial revenues due to declining oil prices and increased expenses, which the military side came on her head, which made the government resort to austerity as one of the solutions adopted to meet the country's economic situation started.
The International Monetary Fund, a specialized agency of the Bretton Woods system of the United Nations, was established under an international treaty in 1945, to work on enhancing the safety of the global economy, and is located Fund headquarters in Washington, DC, and managed by its members who include almost their number of 188 countries all countries of the world. LINK
[tlm724] this is from another article, link below
[tlm724] Parliamentary economy outweigh the survival of the economic recession and austerity to the post-2016 15/12/2015 10:10 | Direction Press / Baghdad Suggested the economic and investment commission, on Tuesday, the survival of the economic recession and austerity to the post in 2016, citing the need to "convene an international economic conference to revive the Iraqi economy."
Committee member, said Burhan Almamori in a press statement today, said, "Do not search for alternatives to oil in the budget of 2016 shows that the economic recession and austerity will continue until post-2016," noting that "the government has no strategic plans for economic side."
http://ift.tt/1k1qoHt
[tlm724] ok I call BS on this " said, "Do not search for alternatives to oil in the budget of 2016 shows that the economic recession and austerity will continue until post-2016," noting that "the government has no strategic plans for economic side."
[tlm724] and I'll show you why
The International Monetary Fund does not support the reduction in the value of the Iraqi dinar International Monetary Fund signed an agreement with Iraq to monitor the economy Author: AR, HAA, HH Editor: AR, HH 2015/12/15 13:37 Long-Presse / Baghdad
The International Monetary Fund on Tuesday signed an agreement with Iraq in the coming days about the program to monitor the economy and establishment of a track record of administrative performance and effective for the country, as he emphasized that the program aims to cut spending and reduce the deficit to consolidate the financial program to be agreed upon next year in 2016.
The director of the Middle East office of the IMF Masood Ahmed said in a statement on the sidelines of a conference in Dubai and I followed (range Press) that "the IMF is seeking to sign an agreement with Iraq on the economy of the monitoring program."
Ahmed added that "this program will be established to record the follow-up and monitor the effective performance of the Iraqi financial authorities, which will lead to the introduction of a financial program to be agreed upon next year 2016".
It is said that Iraq had agreed last month, on the IMF to monitor the economic policies of Baghdad, where the program aims to cut spending and reduce the deficit in the Iraqi budget
[tlm724] The International Monetary Fund does not support the reduction in the value of the Iraqi dinar
[tlm724] see that line ^^^^ it is right under the IMF symbol in the article
[cstacy] tlm724 thanks
[tlm724] IMF doesn't support the recent reduction in the dinar, think it's at 1182 right now
[tlm724] IMF says *slap* your going the wrong way Nelson
[tlm724] "this program will be established to record the follow-up and monitor the effective performance of the Iraqi financial authorities
[tlm724] heres what the IMF said on Nov 10th
IMF Mission Reaches Agreement on Staff-Monitored Program with Iraq Press Release No. 15/509 November 10, 2015 End-of-Mission press releases include statements of IMF staff teams that convey preliminary findings after a visit to a country.
The views expressed in this statement are those of the IMF staff and do not necessarily represent the views of the IMF’s Executive Board. This mission will not result in a Board discussion. An International Monetary Fund (IMF) mission led by Christian Josz visited Amman from November 1–10, 2015 to discuss a Staff-Monitored Program (SMP) with the Iraqi authorities.
At the end of the visit, Mr. Josz issued the following statement: “Iraq continues to face a number of challenges. Key among those is the ongoing armed conflict with ISIS, which continues to strain the country’s resources and results in new waves of internally displaced people, reaching over 4 million in June 2015.
The other key challenge is the fall in oil prices, causing a large external shock to the balance of payments and the budget revenue, which depends predominantly on oil export receipts.
“In that difficult environment, real GDP should grow by 1.5 percent in 2015 owing to the increase in oil production, which is located in areas under control of the Iraqi government and the Kurdistan Regional Government.
The current account deficit of the balance of payments should increase to 7 percent of GDP in 2015, and the foreign exchange reserves, which amounted to US$59 billion at end-October 2015, should decline but still amount to 9 months of imports of goods and services at the end of 2015.
“The Iraqi authorities are committed to addressing the fiscal pressures caused by the dual shocks related to oil prices and the ISIS attack.
They have reached a staff-level agreement with the mission on an SMP starting at the end of 2015. Under the SMP, the authorities will implement a fiscal consolidation that will contain public expenditure in line with available revenue and financing, and aim to reduce the non-oil primary deficit by 4 percent of non-oil GDP between 2014 and 2016.
Under the SMP, agreement has also been reached on measures to strengthen public financial management, anti-money laundering and countering the financing of terrorism (AML/CFT), and financial sector stability. “The SMP will be submitted to IMF management for its consideration by the beginning of next year. It will allow the Iraqi authorities to build a track record for a possible Fund financing arrangement.
[tlm724] They have reached a staff-level agreement with the mission on an SMP starting at the end of 2015.
[tlm724] the authorities will implement a fiscal consolidation that will contain public expenditure in line with available revenue and financing
[tlm724] agreement has also been reached on measures to strengthen public financial management, anti-money laundering and countering the financing of terrorism (AML/CFT), and financial sector stability.
[tlm724] The SMP will be submitted to IMF management for its consideration by the beginning of next year.
[tlm724] SMP = Staff-Monitored Program
[tlm724] that means the IMF has the con to an extent as I mentioned the other day
[cstacy] tlm724 great thanks
[tlm724] Staff = IMF
“During the mission the team met with Minister of Finance Hoshyar Zebari, Acting Governor of the Central Bank of Iraq (CBI) Ali Allaq and officials from the ministries of finance, planning, oil, the CBI, the Board of Supreme Audit and representatives from state-owned banks. The team would like to thank the Iraqi authorities for their cooperation and the open and productive discussions.”
[tlm724] They met with everyone that matters !
[tlm724] heres the link if you need it
http://ift.tt/20KzJVE
[tlm724] now thats what I'm talkin about
~~~~~~
diff source
International Monetary Fund signed an agreement with Iraq to monitor the economy
23:31:10 2015-12-15 | (Voice of Iraq) - Baghdad announced that the International Monetary Fund on Tuesday signed an agreement with Iraq in the coming days about the program to monitor the economy and establishment of a track record of administrative performance and effective for the country, as he emphasized that the program aims to cut spending and reduce the deficit to consolidate the financial program to be agreed upon next year, 2016.
The director of the Middle East office of the IMF Masood Ahmed said in a statement on the sidelines of a conference in Dubai and I followed (range Press) that "the IMF is seeking to sign an agreement with Iraq on the economy monitoring program."
Ahmed said that "this program will establish to record the follow-up and monitor the effective performance of the Iraqi financial authorities, which will lead to the introduction of a financial program to be agreed upon next year 2016 ". It is said that Iraq had agreed last month, on the IMF to monitor the economic policies of Baghdad, where the program aims to cut spending and reduce the deficit in the Iraqi budget .
The International Monetary Fund predicted on Wednesday the (19 August 2015), to witness the Iraqi economy "improved modestly" during the current 2015 by 0.5 percent due to the increase of oil production, with incidence more contraction in activity the non-oil sector, and with the exception that expectations of the rate of growth in the medium term, is still positive,
although it is less than the required rates before the crisis, he stressed that the growth will be determined by the desired increase oil production and recovery of growth rates in other sectors as well as the expected improvements to the security situation and the implementation of structural reforms.
It is noteworthy that Iraq complain of weak revenues Finance due to declining oil prices and increased expenses, which the military side came on her head, which made the government resort to austerity as one of the solutions adopted to cope with the economic situation of the country which.
and the International Monetary Fund, a specialized agency of the Bretton Woods system of the United Nations, was established under an international treaty in 1945 , to work on enhancing the safety of the global economy, and the fund's headquarters is located in Washington, DC, and managed by its members who include almost all countries of the world their number of 188 countries.
http://ift.tt/1RQTOWJ
http://ift.tt/1RQTRSc
International Monetary Fund signed an agreement with Iraq to monitor the economy
23:31:10 2015-12-15 | (Voice of Iraq) - Baghdad announced that the International Monetary Fund on Tuesday signed an agreement with Iraq in the coming days about the program to monitor the economy and establishment of a track record of administrative performance and effective for the country, as he emphasized that the program aims to cut spending and reduce the deficit to consolidate the financial program to be agreed upon next year, 2016.
The director of the Middle East office of the IMF Masood Ahmed said in a statement on the sidelines of a conference in Dubai and I followed (range Press) that "the IMF is seeking to sign an agreement with Iraq on the economy monitoring program."
Ahmed said that "this program will establish to record the follow-up and monitor the effective performance of the Iraqi financial authorities, which will lead to the introduction of a financial program to be agreed upon next year 2016 ". It is said that Iraq had agreed last month, on the IMF to monitor the economic policies of Baghdad, where the program aims to cut spending and reduce the deficit in the Iraqi budget .
The International Monetary Fund predicted on Wednesday the (19 August 2015), to witness the Iraqi economy "improved modestly" during the current 2015 by 0.5 percent due to the increase of oil production, with incidence more contraction in activity the non-oil sector, and with the exception that expectations of the rate of growth in the medium term, is still positive,
although it is less than the required rates before the crisis, he stressed that the growth will be determined by the desired increase oil production and recovery of growth rates in other sectors as well as the expected improvements to the security situation and the implementation of structural reforms.
It is noteworthy that Iraq complain of weak revenues Finance due to declining oil prices and increased expenses, which the military side came on her head, which made the government resort to austerity as one of the solutions adopted to cope with the economic situation of the country which.
and the International Monetary Fund, a specialized agency of the Bretton Woods system of the United Nations, was established under an international treaty in 1945 , to work on enhancing the safety of the global economy, and the fund's headquarters is located in Washington, DC, and managed by its members who include almost all countries of the world their number of 188 countries.
http://ift.tt/1RQTOWJ
http://ift.tt/1RQTRSc
via Dinar Recaps - Our Blog http://ift.tt/1RQTRSe
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