Post From Wealthwatch.world Chat Room
News With Links & Discussion
Wealthwatch Monday Evening Chat 12-14-15 Part 1 of 2
Donnie: Presently in Iraq, the government does not have an official Iraqi dinar to dollar exchange rate, or a currency basket. The $3.3 exchange rate is no longer used for any currency, although it has not been officially canceled.
Accordingly, in light of the limited foreign currency resources and difficulty to go beyond oil resources, it is imperative that the state manages the current exchange rate through the development of a foreign exchange budget by the Central Bank, which will determine the allocation of imported goods, services and transfers without charges.
This way, it is possible to maintain the current exchange rate's stability and to limit expenditures in foreign currency to the available resources until the circumstances are favorable for monetary reform and the adoption of an appropriate official exchange rate. Read more: http://ift.tt/1U6ADse...
News With Links & Discussion
Wealthwatch Monday Evening Chat 12-14-15 Part 1 of 2
Donnie: Presently in Iraq, the government does not have an official Iraqi dinar to dollar exchange rate, or a currency basket. The $3.3 exchange rate is no longer used for any currency, although it has not been officially canceled.
Accordingly, in light of the limited foreign currency resources and difficulty to go beyond oil resources, it is imperative that the state manages the current exchange rate through the development of a foreign exchange budget by the Central Bank, which will determine the allocation of imported goods, services and transfers without charges.
This way, it is possible to maintain the current exchange rate's stability and to limit expenditures in foreign currency to the available resources until the circumstances are favorable for monetary reform and the adoption of an appropriate official exchange rate. Read more: http://ift.tt/1U6ADse...
http://ift.tt/1lJSPvx
BOBBY: That last sentence of Donnies post says it all
Doug_W: This way, it is possible to maintain the current exchange rate's stability and to limit expenditures in foreign currency to the available resources until the circumstances are favorable for monetary reform and the adoption of an appropriate official exchange rate.
chattels: wealthwatch.world/showthr...
http://ift.tt/1Y5oN6q
chattels: Report: Kurdistan region will need $300m to rebuild from ISIS war By HEVIDAR AHMED ERBIL, Kurdistan Region – Reconstruction after the war with the Islamic State group (ISIS) will cost the Kurdistan region an estimated $300 million – excluding the devastation in Shingal – according to a new official report.
Much of the destruction in the Kurdish areas, from a war that began after ISIS attacked Erbil in August 2014, is in Nineveh province, according to the report released last week by the Kurdish Ministry of Housing and Reconstruction.
In Nineveh alone – which houses both Shingal and the ISIS stronghold of Mosul – the estimated damage from the war to public and private property has totaled some 254 billion dinars (about $204 million), according to the report. The total cost of reconstruction in the Kurdish areas is estimated at 419 billion Iraqi dinars (about $300 million).
chattels: “The cost will rise dramatically when we complete our estimate of the damages caused by the war in Shingal,” said housing and reconstruction minister, Darbaz Kosrat.
chattels: wealthwatch.world/newthre...
http://ift.tt/1NqFanZ
Donnie: ‹@chattels› TYVM
chattels: World Obama says ISIS being hit ‘harder than ever’; Carter arriving in Iraq By 2 hours ago Barack Obama. Photo: AFP. Barack Obama. Photo: AFP. WASHINGTON – US President Barack Obama said Monday he is sending his defense secretary to Iraq to review with war with the Islamic State group (ISIS), as he confessed, “this continues to be a difficult fight.”
Speaking at the Pentagon after a high-level meeting with top US military officials, Obama said that Defense Secretary Ash Carter would head to Iraq immediately. "We are hitting ISIL harder than ever," Obama said, using another name for ISIS. chattels: http://ift.tt/1eZUx7Q... http://ift.tt/1QiClr0
chattels: "This continues to be a difficult fight," Obama said.
chattels: This from the man who initially referred to DAESH as the " junior varsity ".
chattels: ‹@Donnie› The subject of areas liberated from DAESH and percentages came up the other day - here is the latest :
chattels: US President: Daash lost ground and lost 40% of its regions in Iraq http://ift.tt/1LEwWYk. http://ift.tt/1Ye33VZ
chattels: Turkey: Iraq is unable to protect its borders may send troops to other locations : http://ift.tt/1LEwWYk...http://ift.tt/1P3HEa4
chattels: Exodus of the components of gray Daash :: 2015/12/14 20:42 • [-Anbar where] head of the Anbar province Krhot morning revealed Monday, a mass escape of terrorist elements Daash of gray occurs.
He Krhot in a statement that "terrorists Daash have a collective escape across the Euphrates River by boat and swim, attributing the reason for their flight to the refraction of the terrorist organization in the city."
This continues the joint forces in cooperation with the international coalition aircraft and aviation army military operations against al-Daash terrorist in the vicinity of the city of Ramadi Alonbar. wealthwatch.world/showthr...http://ift.tt/1m4FBc7
chattels: Ben Van Heuvelen @berendvh 2h2 hours ago NOC assassination "a clear death message... that the corrupted people can do anything against any official." http://ift.tt/1C40NpF...
http://ift.tt/1m4FBc9
rocknrollbus: Hey.................Chattman!! U still here?
Winnerdinar: Thanks for your thoughts on the news chattels I really appreciate your propective
Winnerdinar: ‹@chattels› I don't come here often anymore due to other commitments but I do keep an eye on your stuff usually on recaps
chattels: ‹@Winnerdinar› recaps has a lot of the chat postings
Winnerdinar: yes it does and it helps to stay in the loop thanks to brilliant people like yourself, sczin11 OOTW and butilfrrm
OOTW: THANKS WINNERDINAR! WE MISS YOU
OOTW: HERE'S THIS FROM OUR FORUM OOTW: 9. use of the institutions of international scrutiny and control away from the political parties in order to detect corrupt files and organize exchange operations expenses and the awarding of contracts in a transparent manner.
10. re-evaluation of the Iraqi dinar: The central bank spent $ 5 billion a month in defense of the exchange rate (123 000 versus $ 100) This means with a reserve of 50 billion by the steadfastness of the dinar against the dollar will continue to be at best to the middle of next year.
Especially with the scarcity of oil revenues, and they went to the oil companies operating in Iraq and finance the purchase of heavy and light weapons and aircraft operations. What makes it imperative for the government re-evaluation of the Iraqi dinar is reasonable and the fight against financial and political corruption that is going on the auction of foreign currency for years.
11. reform of the banking system and enact deterrent laws to reform the banking system in the country and conversion of private banks to bridges for development and funding is not the offices of money laundering and the smuggling of the dollar.
12. economic dimensions of the upper positions in the country from quotas and favoritism notably the Iraqi Central Bank and Ministry of Finance and the Ministry of Planning and the High Authority for Investment, and that it could not be at the ministerial level there is nothing wrong to be on the level of general directors and advisers.
OOTW: SORRY, I WILL POST ONE POINT AT A TIME
Winnerdinar: re-evaluation of the Iraqi dinar
Winnerdinar: that's what I am interested in lol
OOTW: HERE IS THE THREAD TITLE "THE IRAQI ECONOMY - TWO PERSPECTIVES - VERY INTERESTING"
OOTW: HERE ARE SOME MAJOR POINTS FROM THIS ARTICLE
OOTW: 7. not to engage in international loan programs Most of the experiences of developing countries were not in borrowing encouraging and ended in the end to the debt restructuring and the sale of public sector and national wealth to foreign companies, and believes that there is a conspiracy to seize Iraqi oil by giant companies, especially after they have suffered from difficulty with the Iraqi negotiator.
So be careful of international borrowing and the benefits high for fear of falling into the trap of debt.
OOTW: 8. Develop a fair tax system aimed at heavy tax bases only with the application of a customs tax system affects all luxury goods and luxury cars. With the development of material in the new budget law obliges the province to implement the tax laws in force in exchange for the receipt of the region's share of the budget.
OOTW: 9. use of the institutions of international scrutiny and control away from the political parties in order to detect corrupt files and organize exchange operations expenses and the awarding of contracts in a transparent manner.
OOTW: 10. re-evaluation of the Iraqi dinar: The central bank spent $ 5 billion a month in defense of the exchange rate (123 000 versus $ 100) This means with a reserve of 50 billion by the steadfastness of the dinar against the dollar will continue to be at best to the middle of next year.
Especially with the scarcity of oil revenues, and they went to the oil companies operating in Iraq and finance the purchase of heavy and light weapons and aircraft operations.
What makes it imperative for the government re-evaluation of the Iraqi dinar is reasonable and the fight against financial and political corruption that is going on the auction of foreign currency for years.
OOTW: ***HERE IS A THREAD WHICH CORRELATES TO POINT TEN
OOTW: THE CBI IS TRYING TO ADDRESS CORRUPTION THROUGH THE AUCTIONS
OOTW: wealthwatch.world/showthr...http://ift.tt/1Ye32Bk
OOTW: THE REPORT CONTINUES TO STATE..........
OOTW: 11. reform of the banking system and enact deterrent laws to reform the banking system in the country and conversion of private banks to bridges for development and funding is not the offices of money laundering and the smuggling of the dollar.
OOTW: THERE'S MUCH MORE TO READ IN THIS THREAD - I ENCOURAGE YOU ALL TO DO SO
OOTW: 12. economic dimensions of the upper positions in the country from quotas and favoritism notably the Iraqi Central Bank and Ministry of Finance and the Ministry of Planning and the High Authority for Investment, and that it could not be at the ministerial level there is nothing wrong to be on the level of general directors and advisers.
OOTW: TODAY WE HAD A PRESS RELEASE FROM THE MINISTRY OF FINANCE
OOTW: Finance Minister Receives Director of Standard Bank Jartrd in Iraq Monday, 14 December 2015 [Image: _DSC3914.JPG] Finance Minister Hoshyar Zebari received today December 14 2015, Mr. Andreas Milleteo Director of Standard Bank Jartrd in Iraq and his accompanying delegation.
During the meeting, review of the financial and economic conditions in the global financial markets and the cooperation between the bank and government financial institutions and how to promote Iraqi economic system in the light of developments of the fall in world oil prices and address the fiscal deficit.
OOTW: AGAIN OUR GOVT THREAD HAS STARTED OFF THIS WEEK WITH GREAT ECONOMIC INFO : HERE'S THE LINK : wealthwatch.world/showthr...
http://ift.tt/1m4FBcj
Winnerdinar: diversification needed OOTW
OOTW: wealthwatch.world/showthr...http://ift.tt/1Ye32Bo
OOTW: AGREED WE ALSO NEED TO SEE MORE INVESTMENT AGREEMENTS
Comments may be made at the end of Part 2 Thank You
BOBBY: That last sentence of Donnies post says it all
Doug_W: This way, it is possible to maintain the current exchange rate's stability and to limit expenditures in foreign currency to the available resources until the circumstances are favorable for monetary reform and the adoption of an appropriate official exchange rate.
chattels: wealthwatch.world/showthr...
http://ift.tt/1Y5oN6q
chattels: Report: Kurdistan region will need $300m to rebuild from ISIS war By HEVIDAR AHMED ERBIL, Kurdistan Region – Reconstruction after the war with the Islamic State group (ISIS) will cost the Kurdistan region an estimated $300 million – excluding the devastation in Shingal – according to a new official report.
Much of the destruction in the Kurdish areas, from a war that began after ISIS attacked Erbil in August 2014, is in Nineveh province, according to the report released last week by the Kurdish Ministry of Housing and Reconstruction.
In Nineveh alone – which houses both Shingal and the ISIS stronghold of Mosul – the estimated damage from the war to public and private property has totaled some 254 billion dinars (about $204 million), according to the report. The total cost of reconstruction in the Kurdish areas is estimated at 419 billion Iraqi dinars (about $300 million).
chattels: “The cost will rise dramatically when we complete our estimate of the damages caused by the war in Shingal,” said housing and reconstruction minister, Darbaz Kosrat.
chattels: wealthwatch.world/newthre...
http://ift.tt/1NqFanZ
Donnie: ‹@chattels› TYVM
chattels: World Obama says ISIS being hit ‘harder than ever’; Carter arriving in Iraq By 2 hours ago Barack Obama. Photo: AFP. Barack Obama. Photo: AFP. WASHINGTON – US President Barack Obama said Monday he is sending his defense secretary to Iraq to review with war with the Islamic State group (ISIS), as he confessed, “this continues to be a difficult fight.”
Speaking at the Pentagon after a high-level meeting with top US military officials, Obama said that Defense Secretary Ash Carter would head to Iraq immediately. "We are hitting ISIL harder than ever," Obama said, using another name for ISIS. chattels: http://ift.tt/1eZUx7Q... http://ift.tt/1QiClr0
chattels: "This continues to be a difficult fight," Obama said.
chattels: This from the man who initially referred to DAESH as the " junior varsity ".
chattels: ‹@Donnie› The subject of areas liberated from DAESH and percentages came up the other day - here is the latest :
chattels: US President: Daash lost ground and lost 40% of its regions in Iraq http://ift.tt/1LEwWYk. http://ift.tt/1Ye33VZ
chattels: Turkey: Iraq is unable to protect its borders may send troops to other locations : http://ift.tt/1LEwWYk...http://ift.tt/1P3HEa4
chattels: Exodus of the components of gray Daash :: 2015/12/14 20:42 • [-Anbar where] head of the Anbar province Krhot morning revealed Monday, a mass escape of terrorist elements Daash of gray occurs.
He Krhot in a statement that "terrorists Daash have a collective escape across the Euphrates River by boat and swim, attributing the reason for their flight to the refraction of the terrorist organization in the city."
This continues the joint forces in cooperation with the international coalition aircraft and aviation army military operations against al-Daash terrorist in the vicinity of the city of Ramadi Alonbar. wealthwatch.world/showthr...http://ift.tt/1m4FBc7
chattels: Ben Van Heuvelen @berendvh 2h2 hours ago NOC assassination "a clear death message... that the corrupted people can do anything against any official." http://ift.tt/1C40NpF...
http://ift.tt/1m4FBc9
rocknrollbus: Hey.................Chattman!! U still here?
Winnerdinar: Thanks for your thoughts on the news chattels I really appreciate your propective
Winnerdinar: ‹@chattels› I don't come here often anymore due to other commitments but I do keep an eye on your stuff usually on recaps
chattels: ‹@Winnerdinar› recaps has a lot of the chat postings
Winnerdinar: yes it does and it helps to stay in the loop thanks to brilliant people like yourself, sczin11 OOTW and butilfrrm
OOTW: THANKS WINNERDINAR! WE MISS YOU
OOTW: HERE'S THIS FROM OUR FORUM OOTW: 9. use of the institutions of international scrutiny and control away from the political parties in order to detect corrupt files and organize exchange operations expenses and the awarding of contracts in a transparent manner.
10. re-evaluation of the Iraqi dinar: The central bank spent $ 5 billion a month in defense of the exchange rate (123 000 versus $ 100) This means with a reserve of 50 billion by the steadfastness of the dinar against the dollar will continue to be at best to the middle of next year.
Especially with the scarcity of oil revenues, and they went to the oil companies operating in Iraq and finance the purchase of heavy and light weapons and aircraft operations. What makes it imperative for the government re-evaluation of the Iraqi dinar is reasonable and the fight against financial and political corruption that is going on the auction of foreign currency for years.
11. reform of the banking system and enact deterrent laws to reform the banking system in the country and conversion of private banks to bridges for development and funding is not the offices of money laundering and the smuggling of the dollar.
12. economic dimensions of the upper positions in the country from quotas and favoritism notably the Iraqi Central Bank and Ministry of Finance and the Ministry of Planning and the High Authority for Investment, and that it could not be at the ministerial level there is nothing wrong to be on the level of general directors and advisers.
OOTW: SORRY, I WILL POST ONE POINT AT A TIME
Winnerdinar: re-evaluation of the Iraqi dinar
Winnerdinar: that's what I am interested in lol
OOTW: HERE IS THE THREAD TITLE "THE IRAQI ECONOMY - TWO PERSPECTIVES - VERY INTERESTING"
OOTW: HERE ARE SOME MAJOR POINTS FROM THIS ARTICLE
OOTW: 7. not to engage in international loan programs Most of the experiences of developing countries were not in borrowing encouraging and ended in the end to the debt restructuring and the sale of public sector and national wealth to foreign companies, and believes that there is a conspiracy to seize Iraqi oil by giant companies, especially after they have suffered from difficulty with the Iraqi negotiator.
So be careful of international borrowing and the benefits high for fear of falling into the trap of debt.
OOTW: 8. Develop a fair tax system aimed at heavy tax bases only with the application of a customs tax system affects all luxury goods and luxury cars. With the development of material in the new budget law obliges the province to implement the tax laws in force in exchange for the receipt of the region's share of the budget.
OOTW: 9. use of the institutions of international scrutiny and control away from the political parties in order to detect corrupt files and organize exchange operations expenses and the awarding of contracts in a transparent manner.
OOTW: 10. re-evaluation of the Iraqi dinar: The central bank spent $ 5 billion a month in defense of the exchange rate (123 000 versus $ 100) This means with a reserve of 50 billion by the steadfastness of the dinar against the dollar will continue to be at best to the middle of next year.
Especially with the scarcity of oil revenues, and they went to the oil companies operating in Iraq and finance the purchase of heavy and light weapons and aircraft operations.
What makes it imperative for the government re-evaluation of the Iraqi dinar is reasonable and the fight against financial and political corruption that is going on the auction of foreign currency for years.
OOTW: ***HERE IS A THREAD WHICH CORRELATES TO POINT TEN
OOTW: THE CBI IS TRYING TO ADDRESS CORRUPTION THROUGH THE AUCTIONS
OOTW: wealthwatch.world/showthr...http://ift.tt/1Ye32Bk
OOTW: THE REPORT CONTINUES TO STATE..........
OOTW: 11. reform of the banking system and enact deterrent laws to reform the banking system in the country and conversion of private banks to bridges for development and funding is not the offices of money laundering and the smuggling of the dollar.
OOTW: THERE'S MUCH MORE TO READ IN THIS THREAD - I ENCOURAGE YOU ALL TO DO SO
OOTW: 12. economic dimensions of the upper positions in the country from quotas and favoritism notably the Iraqi Central Bank and Ministry of Finance and the Ministry of Planning and the High Authority for Investment, and that it could not be at the ministerial level there is nothing wrong to be on the level of general directors and advisers.
OOTW: TODAY WE HAD A PRESS RELEASE FROM THE MINISTRY OF FINANCE
OOTW: Finance Minister Receives Director of Standard Bank Jartrd in Iraq Monday, 14 December 2015 [Image: _DSC3914.JPG] Finance Minister Hoshyar Zebari received today December 14 2015, Mr. Andreas Milleteo Director of Standard Bank Jartrd in Iraq and his accompanying delegation.
During the meeting, review of the financial and economic conditions in the global financial markets and the cooperation between the bank and government financial institutions and how to promote Iraqi economic system in the light of developments of the fall in world oil prices and address the fiscal deficit.
OOTW: AGAIN OUR GOVT THREAD HAS STARTED OFF THIS WEEK WITH GREAT ECONOMIC INFO : HERE'S THE LINK : wealthwatch.world/showthr...
http://ift.tt/1m4FBcj
Winnerdinar: diversification needed OOTW
OOTW: wealthwatch.world/showthr...http://ift.tt/1Ye32Bo
OOTW: AGREED WE ALSO NEED TO SEE MORE INVESTMENT AGREEMENTS
Comments may be made at the end of Part 2 Thank You
via Dinar Recaps - Our Blog http://ift.tt/1m4FBsx
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