WEALTHWATCH 1-25-16
Post From Wealthwatch.world Chat Room
News With Links & Discussion
Wealthwatch OOTW News & Comments 1-25-16 Part 1 of 2
OOTW: NOTE IF ANYONE WANTS TO GO INTO THE FORUMS - PLEASE SIMPLY CLICK THE GOLD WEALTH WATCH LOGO TOP RIGHT OF THIS CHAT ROOM
OOTW: TO GET BACK INTO THE CHAT ROOM PLEASE CLICK THE CHAT LINK TOP RIGHT INSIDE THE FORUM - TOP RIGHT OF THE FORUM PAGE
OOTW: A GREAT FIND BY BUTIFLDRM
OOTW: The impact of Iran's detente in the Iraqi economy
~~~
Post From Wealthwatch.world Chat Room
News With Links & Discussion
Wealthwatch OOTW News & Comments 1-25-16 Part 1 of 2
OOTW: NOTE IF ANYONE WANTS TO GO INTO THE FORUMS - PLEASE SIMPLY CLICK THE GOLD WEALTH WATCH LOGO TOP RIGHT OF THIS CHAT ROOM
OOTW: TO GET BACK INTO THE CHAT ROOM PLEASE CLICK THE CHAT LINK TOP RIGHT INSIDE THE FORUM - TOP RIGHT OF THE FORUM PAGE
OOTW: A GREAT FIND BY BUTIFLDRM
OOTW: The impact of Iran's detente in the Iraqi economy
~~~
OOTW: HIGHLIGHTED SECTIONS - PLEASE SEE THIS ARTICLE IN THE FORUMS TO READ MORE
OOTW: Based on an initial reading of the contexts of events from which to say: The lifting of the economic embargo on Iran will reflect positively on the Iraqi economy, as the launch About 50 to $ 100 billion of Iranian funds frozen, and lift the ban on trade and the flow of foreign investment on the inside Iran,
all will contribute to obtain recovery will be the first to raise the Iranian Altoman exchange rate against the US dollar, and the rise in Iran's local currency, will have reflections on the Iraqi economy by virtue of the social interference imposed by the case of geographical and historical neighborly relations between the two countries,
as this effect will stop at high incomes Iranians that will contribute to its role in the possibility of higher religious tourism and increase the flow of visitors to the Holy thresholds rates,
but will contribute to the rise in production costs in the productive sectors Iran, which is found in the Iraqi market, a large window for the marketing of these products and have contributed greatly to the dumping policy that have impeded the growth of the real sectors in the country,
and therefore, the high cost generating unit in Iran, the production will contribute to raise the selling price in Iraq,
OOTW: it is likely to turn the Iranians producers who Genoa a lot of money from marketing their products to Iraq during the past years to enter the Iraqi labor market and invest in them to reduce the production and marketing cost and ensure the continuation of the domination of a large segment of consumers,
which will contribute to providing more jobs for the unemployed , if managed local governments in the candidate provinces for this investment to manage intelligently and responsibly this file, if required on the Iranian investor to run the project for 90 percent of the workforce local.
OOTW: On the other hand, the lifting of the ban on Iran's banking sector will ease the pressure on the Iraqi market It witnessed an increasing demand for hard currency by Iranian traders who have contributed over the years the blockade on Iran in the fluctuation of the dollar's exchange rate against the Iraqi dinar due to the increasing demand for hard currency to finance their external trade,
as well as prospects for the low tourist activity from Iraq rates to Iran, which has seen a surge great over the past years due to rising incomes of the middle class and the decline in Iranian Altoman exchange rate against the US dollar,
which would mean a decline in the money supply flow rates of the Iraqi market to the Iranian market as well as the expected rise in wages of medical services in Iran, which saw a large turnout during the last years of the before the Iraqi public due to lower prices,
and therefore, the Iraqi market and is looking forward to a new phase of adjustment Stmeliha conditions of the financial crisis and steps of reform will be in front of her supportive opportunity as a result of these changes can be crystallized into a new reality is witnessing more investment available to national energies and employ the data resulting from the changes in the form of trade and economic relations with neighboring Iran.
OOTW: HERE IS THIS FROM THIS WEEK'S GOVT THREAD AND RELATES TO THE ABOVE
OOTW: Minister of Trade ... stimulate the private sector is absolutely necessary to protect the local product[Image: 312.jpg]Engineer Mohamed Xiaa Sudanese Minister of Trade and agency stressed the need to seriously contribute to the revitalization of the role of the private sector in order to promote economic and trade development of the country.
He explained that the Sudanese Ministry of Commerce and all the joints are working on the preparation of proposals which contribute to the revitalization of the private sector and to address cases of dumping of goods and commodities in the local market.
He stressed that those measures come through the application of protection products Act No. 11 of 2010, which recommended that the Council of Ministers during its first special meeting held on 08.09.2015 the application of this law, which is part of the reforms launched by Dr Wahid al-Abadi Prime Minister package.
Stressing that all the joints of the ministry's implementation of this law being is part of the core functions of the Ministry of Commerce, especially as it relates to Bmahora financial and economic reform as well as the protection of the local product and stimulate the private sector and to address the negatives that contribute to flood the domestic market.
OOTW: PLEASE READ ENTIRE THREAD HERE wealthwatch.world/showthr...
http://ift.tt/1ZOiShy
OOTW: AWAITING OFFICIAL PRESS RELEASE ON THIS FROM THE CABINET SITE [Image: zoomin.png] [Image: zoom.png] [Image: zoomout.png] Abadi near announce cabinet reshuffle Writings Monday, January 25, 2016 Prime Minister Haider al-Abadi announced near a cabinet reshuffle prospective ministerial cabin of his government.
He said Abadi, during a meeting this evening a group of analysts Alaarmyin and politicians that there are ministries not the tasks entrusted to it and must be changed to Auseraiha for carrying out its tasks again and that there is a committee of specialists to select Competencies for these positions.
did not specify Abadi During this meeting, a number of these ministries to be covered by the change at the top of this pyramid was also diagnosed ministries.
OOTW: wealthwatch.world/showthr...
http://ift.tt/1nL3hUe
OOTW: I HAVE SEEN EVIDENCE OF THIS AT THE PARLIAMENT SITE - ON THE COMMITTEE'S PAGE - SOME COMMITTEES HAVE ALREADY BEEN ELIMINATED
OOTW: WE HAVE A NEW PRESS RELEASE FROM DR HAFEZ (CONTEMPORARY OF DR SALEH - ABADI'S ECONOMIC ADVISOR)
OOTW: HELLO WHOSWHO - I READ YOUR POST HERE IN CHAT FROM LAST NIGHT - I WOULD ADVISE YOU TO GO INTO THE FORUMS (LINK TOP RIGHT GOLD WEALTH WATCH LOGO) TO READ LOGS OF CHATS AND OTHER INTERESTING NEWS
OOTW: IF YOU'RE LOOKING FOR HYPE YOU WON'T GET IT HERE - HUGS AND WELCOME
OOTW: wealthwatch.world/showthr...
http://ift.tt/1ZOiShA
OOTW: The whole Iraqi experts on the banks failed to keep abreast of developments in the banking diverse aspects are de, and stressed the need for the Central Bank of Iraq stronger and I do in the policies relating to update the enterprise architecture management and strengthen oversight role.
He attributed the banking expert conciliator Hassan Mahmoud, the reasons for failure of the Iraqi banking sector current Bhacleth , to many factors including the «weakness and confusion in quite a few of the instructions issued by the Central Bank of Iraq between now and then, and withdrawn or modified after days». Not overlooked «poor banking supervision efficiency and professionalism, but lack of seriousness».
OOTW: Promised that these control methods on the banks «not kept pace with the evolution of central banks in developed countries and in neighboring countries, including preventive controls, in addition to the lack of the banking system to the corporate governance rules needed to monitor the performance of the boards executive management and those, and validation of the commitment of the laws, regulations and instructions, and a lack of a culture of banking sector risks and ways to evaluate, manage, and ways to mitigate or reduce them ».
Also included reasons, according to Mahmoud «emergence of the governing bodies and departments of a bank is a professional not related to nor experience nor knowledge of banking work, and lack of qualifications does not have only a sudden financial fortunes hovering suspicions about its sources».
OOTW: THE SECOND PARAGRAPH IS QUESTIONING THE ABILITY OF THE MANAGEMENT OF THE CBI
OOTW: "and lack of qualifications does not have only a sudden financial fortunes hovering suspicions about its sources»."
OOTW: THIS SENTENCE IS SPEAKING TO CORRUPT BANKING TRANSACTIONS
lonegunman: ‹@OOTW› hello ! well no kidding !! inept
OOTW: LONE ;)
OOTW: He Mahmoud in an intervention presented at a seminar organized by «the progress of the Policy Institute Development »about the relationship between private banks and the Central Bank of Iraq, and the participation of experts in finance and economics, that this sector« small and marginal does not exceed its contribution to gross domestic product ratio of 1.5 percent ».
OOTW: "GROSS DOMESTIC PRODUCT RATIO" REFERS TO A LACK OF PRIVATE SECTOR GROWTH WHICH CONTRIBUTES TO IRAQS GDP - ALTHOUGH AS BUTIFLDRM HAS POINTED OUT, IRAQ'S GDP VS DEBT IS MUCH BETTER THAN THE US...(NO SURPRISE, EH?)
OOTW: Based on an initial reading of the contexts of events from which to say: The lifting of the economic embargo on Iran will reflect positively on the Iraqi economy, as the launch About 50 to $ 100 billion of Iranian funds frozen, and lift the ban on trade and the flow of foreign investment on the inside Iran,
all will contribute to obtain recovery will be the first to raise the Iranian Altoman exchange rate against the US dollar, and the rise in Iran's local currency, will have reflections on the Iraqi economy by virtue of the social interference imposed by the case of geographical and historical neighborly relations between the two countries,
as this effect will stop at high incomes Iranians that will contribute to its role in the possibility of higher religious tourism and increase the flow of visitors to the Holy thresholds rates,
but will contribute to the rise in production costs in the productive sectors Iran, which is found in the Iraqi market, a large window for the marketing of these products and have contributed greatly to the dumping policy that have impeded the growth of the real sectors in the country,
and therefore, the high cost generating unit in Iran, the production will contribute to raise the selling price in Iraq,
OOTW: it is likely to turn the Iranians producers who Genoa a lot of money from marketing their products to Iraq during the past years to enter the Iraqi labor market and invest in them to reduce the production and marketing cost and ensure the continuation of the domination of a large segment of consumers,
which will contribute to providing more jobs for the unemployed , if managed local governments in the candidate provinces for this investment to manage intelligently and responsibly this file, if required on the Iranian investor to run the project for 90 percent of the workforce local.
OOTW: On the other hand, the lifting of the ban on Iran's banking sector will ease the pressure on the Iraqi market It witnessed an increasing demand for hard currency by Iranian traders who have contributed over the years the blockade on Iran in the fluctuation of the dollar's exchange rate against the Iraqi dinar due to the increasing demand for hard currency to finance their external trade,
as well as prospects for the low tourist activity from Iraq rates to Iran, which has seen a surge great over the past years due to rising incomes of the middle class and the decline in Iranian Altoman exchange rate against the US dollar,
which would mean a decline in the money supply flow rates of the Iraqi market to the Iranian market as well as the expected rise in wages of medical services in Iran, which saw a large turnout during the last years of the before the Iraqi public due to lower prices,
and therefore, the Iraqi market and is looking forward to a new phase of adjustment Stmeliha conditions of the financial crisis and steps of reform will be in front of her supportive opportunity as a result of these changes can be crystallized into a new reality is witnessing more investment available to national energies and employ the data resulting from the changes in the form of trade and economic relations with neighboring Iran.
OOTW: HERE IS THIS FROM THIS WEEK'S GOVT THREAD AND RELATES TO THE ABOVE
OOTW: Minister of Trade ... stimulate the private sector is absolutely necessary to protect the local product[Image: 312.jpg]Engineer Mohamed Xiaa Sudanese Minister of Trade and agency stressed the need to seriously contribute to the revitalization of the role of the private sector in order to promote economic and trade development of the country.
He explained that the Sudanese Ministry of Commerce and all the joints are working on the preparation of proposals which contribute to the revitalization of the private sector and to address cases of dumping of goods and commodities in the local market.
He stressed that those measures come through the application of protection products Act No. 11 of 2010, which recommended that the Council of Ministers during its first special meeting held on 08.09.2015 the application of this law, which is part of the reforms launched by Dr Wahid al-Abadi Prime Minister package.
Stressing that all the joints of the ministry's implementation of this law being is part of the core functions of the Ministry of Commerce, especially as it relates to Bmahora financial and economic reform as well as the protection of the local product and stimulate the private sector and to address the negatives that contribute to flood the domestic market.
OOTW: PLEASE READ ENTIRE THREAD HERE wealthwatch.world/showthr...
http://ift.tt/1ZOiShy
OOTW: AWAITING OFFICIAL PRESS RELEASE ON THIS FROM THE CABINET SITE [Image: zoomin.png] [Image: zoom.png] [Image: zoomout.png] Abadi near announce cabinet reshuffle Writings Monday, January 25, 2016 Prime Minister Haider al-Abadi announced near a cabinet reshuffle prospective ministerial cabin of his government.
He said Abadi, during a meeting this evening a group of analysts Alaarmyin and politicians that there are ministries not the tasks entrusted to it and must be changed to Auseraiha for carrying out its tasks again and that there is a committee of specialists to select Competencies for these positions.
did not specify Abadi During this meeting, a number of these ministries to be covered by the change at the top of this pyramid was also diagnosed ministries.
OOTW: wealthwatch.world/showthr...
http://ift.tt/1nL3hUe
OOTW: I HAVE SEEN EVIDENCE OF THIS AT THE PARLIAMENT SITE - ON THE COMMITTEE'S PAGE - SOME COMMITTEES HAVE ALREADY BEEN ELIMINATED
OOTW: WE HAVE A NEW PRESS RELEASE FROM DR HAFEZ (CONTEMPORARY OF DR SALEH - ABADI'S ECONOMIC ADVISOR)
OOTW: HELLO WHOSWHO - I READ YOUR POST HERE IN CHAT FROM LAST NIGHT - I WOULD ADVISE YOU TO GO INTO THE FORUMS (LINK TOP RIGHT GOLD WEALTH WATCH LOGO) TO READ LOGS OF CHATS AND OTHER INTERESTING NEWS
OOTW: IF YOU'RE LOOKING FOR HYPE YOU WON'T GET IT HERE - HUGS AND WELCOME
OOTW: wealthwatch.world/showthr...
http://ift.tt/1ZOiShA
OOTW: The whole Iraqi experts on the banks failed to keep abreast of developments in the banking diverse aspects are de, and stressed the need for the Central Bank of Iraq stronger and I do in the policies relating to update the enterprise architecture management and strengthen oversight role.
He attributed the banking expert conciliator Hassan Mahmoud, the reasons for failure of the Iraqi banking sector current Bhacleth , to many factors including the «weakness and confusion in quite a few of the instructions issued by the Central Bank of Iraq between now and then, and withdrawn or modified after days». Not overlooked «poor banking supervision efficiency and professionalism, but lack of seriousness».
OOTW: Promised that these control methods on the banks «not kept pace with the evolution of central banks in developed countries and in neighboring countries, including preventive controls, in addition to the lack of the banking system to the corporate governance rules needed to monitor the performance of the boards executive management and those, and validation of the commitment of the laws, regulations and instructions, and a lack of a culture of banking sector risks and ways to evaluate, manage, and ways to mitigate or reduce them ».
Also included reasons, according to Mahmoud «emergence of the governing bodies and departments of a bank is a professional not related to nor experience nor knowledge of banking work, and lack of qualifications does not have only a sudden financial fortunes hovering suspicions about its sources».
OOTW: THE SECOND PARAGRAPH IS QUESTIONING THE ABILITY OF THE MANAGEMENT OF THE CBI
OOTW: "and lack of qualifications does not have only a sudden financial fortunes hovering suspicions about its sources»."
OOTW: THIS SENTENCE IS SPEAKING TO CORRUPT BANKING TRANSACTIONS
lonegunman: ‹@OOTW› hello ! well no kidding !! inept
OOTW: LONE ;)
OOTW: He Mahmoud in an intervention presented at a seminar organized by «the progress of the Policy Institute Development »about the relationship between private banks and the Central Bank of Iraq, and the participation of experts in finance and economics, that this sector« small and marginal does not exceed its contribution to gross domestic product ratio of 1.5 percent ».
OOTW: "GROSS DOMESTIC PRODUCT RATIO" REFERS TO A LACK OF PRIVATE SECTOR GROWTH WHICH CONTRIBUTES TO IRAQS GDP - ALTHOUGH AS BUTIFLDRM HAS POINTED OUT, IRAQ'S GDP VS DEBT IS MUCH BETTER THAN THE US...(NO SURPRISE, EH?)
OOTW: He said, in an interview carried by the« life »International:« If we add to him the financial sector increase to 1.75 percent, which is facing the problem of the dominance of state banks to between 85 and 90 percent of the sector's assets. »
He said that it «hinder the development of private banks, which records diminutive in credit relative to output, as the value of what gave him the banks of credits 23.6 trillion dinars (about US $ 23 billion) in 2013, 8.7 percent of GDP, as opposed to 55 in percent in the Middle East and North Africa.
Share governmental banks and reached 72 percent, while the share of the sector capital is 19.5 percent only ». He pointed to another problem facing the banking sector« The faintly funds that do not meet the needs of development capital, as well as other sources of funding ».
He pointed out that the number of banks operating «is 54, including seven state-owned and 30 private banks including 23 commercial banks, 7 Muslim, while the number of branches of foreign banks 17.»
And saw economist Ahmed Abrihi, that «a manifestation of failure in Iraq is not the government's ability to enforce the law, nor can the central bank alone for censorship and evaluate banking performance level».
OOTW: NEEDED TRANSPARENCY IN THE CBI'S PERFORMANCE
OOTW: I WOULD ALSO ADD THAT THERE HAVE BEEN DIFFICULTIES IN APPROVING AGRICULTURAL LOANS - THIS IS ONE OF IRAQ'S PRIMARY SOURCES OF INCOME DIVERSIFICATION
OOTW: THE CABINET HAS RECENTLY ANNOUNCED DISTRIBUTION AND OR APPROVAL OF FUNDS FOR AGRICULTURE
OOTW: The financial advisor to the prime minister appearance of Mohammed Saleh, that the banking market «non-homogeneous under the State-owned banks to attract capital and deposits, accounting for 90 percent of them, to stay for that special 10 percent ».
He explained that «the last government and private banks operate according to the nineteenth century systems.» He announced that «adults who get a credit of 12 percent, and with each failure banking transaction due to tripping withdraw 32 treatment», as the private banks «very conservative and government contrary, is evident from the large loans granted by the recent size».
Turning favor to currency auction file, saying that «important and necessary», and asked «You could create a bank to the private sector be of his duties the opening credits of the centrality and the shift gradually to cover imports?».
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