WEALTHWATCH 1-10-16
Post From Wealthwatch.world Chat Room
News With Links & Discussion
Wealthwatch Sunday OOTW Chat 1-10-16 Part 2 of 2
OOTW: BTW THE ANTI MONEY LAUNDERING LAW (AML) IS NOW IN THE LAW LIBRARY www.iraq-lg-law.org/ Anti-money laundering and the financing of terrorism Law No. (39) for the year 2015 Arabic Original Document 13 Dec 2015 L
chattels: good afternoon all
OOTW: GA CHATTELS
OOTW: HERE'S ANOTHER ONE....THEY KEEP ON COMIN'
OOTW: Parliamentary Economic proposes to change the central bank policy and stresses: financial situation would be "the biggest challenge"
~~~
Post From Wealthwatch.world Chat Room
News With Links & Discussion
Wealthwatch Sunday OOTW Chat 1-10-16 Part 2 of 2
OOTW: BTW THE ANTI MONEY LAUNDERING LAW (AML) IS NOW IN THE LAW LIBRARY www.iraq-lg-law.org/ Anti-money laundering and the financing of terrorism Law No. (39) for the year 2015 Arabic Original Document 13 Dec 2015 L
chattels: good afternoon all
OOTW: GA CHATTELS
OOTW: HERE'S ANOTHER ONE....THEY KEEP ON COMIN'
OOTW: Parliamentary Economic proposes to change the central bank policy and stresses: financial situation would be "the biggest challenge"
~~~
OOTW: wealthwatch.world/showthr...
http://ift.tt/1IY2edd
chattels: ‹@OOTW› What is your sense of these articles ? Any trend or developing clarity ?
OOTW: THE MOST CLEAR ASPECT I SEE IS THAT THEY WANT AND NEED TO GET THEIR EXPORTS GOING AND THIS IS THE PRIMARY REASON FOR ADDRESSING THE VALUE OF THE IQD
OOTW: I SAY THIS BECAUSE WE'VE ALREADY SEEN THE RATE DROP TO 1182
OOTW: BOTH THE CBI AND SALEH (ADVISER TO ABADI) AND THE ECONOMIC COMMITTEE HAVE PUBLISHED THEIR LISTS OF NEEDED REFORMS TO THE ECONOMIC AND BANKING CONDITIONS
OOTW: THEN WE HAVE THE PARLIAMENT SITE, STEADILY POSTING ANNOUNCEMENTS THAT PEOPLE NEED TO START SUPPORTING/BUYING IRAQI PRODUCTS
OOTW: THE MINISTRY OF TRANSPORT AND TRADE HAVE BOTH PUBLISHED ANNOUNCEMENTS REGARDING THE NEED TO PREPARE FOR INTERNATIONAL TRADE
OOTW: AS WELL AS AGREEMENTS WITH OTHER COUNTRIES (STATUS OF - MOVING FORWARD)
OOTW: REPAIR OF THE PORTS AS WELL
OOTW: ARTICLES FROM ECONOMISTS STATING THAT IRAQ HAS TO JUMPSTART THE ECONOMY VIA TRADE (ESP EXPORTS)
OOTW: AND STATING THAT THE CURRENT VALUE OF THE DINAR DOESN'T SUPPORT THAT
OOTW: LIKEWISE, SOME OF THESE ECONOMISTS STATE THEIR (VALID) REASONING AS TO WHY THE IQD VALUE SHOULD BE DECREASED
OOTW: OR INCREASED
OOTW: HENCE THE NEED AS STATED BY ZEBARI AND MOHSEN (SEPARATE ADDRESSMENTS) RE THE STUDY OF THE VALUE OF THE DINAR
OOTW: ABADI ALSO STATING THAT THEY NEED TO INSTITUTE THE TARIFFS TO HELP REBUILD THEIR RESERVES
OOTW: THEY HAVE PAYMENTS TO MAKE AND AGREEMENTS WITH OTHER COUNTRIES (TRADE AGREEMENTS)
OOTW: IT WILL TAKE A WHILE TO BUILD UP RESERVES/INCOME FROM TRADE
OOTW: THIS IS NOT AN OVERNIGHT PROCESS
Doug_W: 4 sure OO
OOTW: THESE ARTICLES (ESPECIALLY TODAY) STATE THAT THE GOVT IS THREATENING THE CBI TO TAKE OVER CONTROLS OF THE BANKS
OOTW: AND RELATED LAW/S
OOTW: COMBINED WITH THE PRESS RELEASES FROM DR'S SALEH AND HAFEZ POINTING THE FINGER OF CORRUPTION AT THE CBI, COMBINED WITH THEIR RECOMMENDED/NEEDED REFORMS
OOTW: MOST NOTABLY, THE DEPOSITOR'S INSURANCE LAW
OOTW: IF THEY DON'T GET THAT DONE, THE ONLY WAY THEIR GOING TO GET THE MASSES GOING BACK INTO THE BANKS IS THROUGH RAISING TAXES ON GOODS
OOTW: PEOPLE WILL EITHER BUY THE DOLLAR (EXPENSIVE FOR THEM)- TO BUY THESE GOODS
OOTW: OR THEY'LL USE DINAR (AND WON'T HAVE TO PAY THE SPREAD)
OOTW: WHICH WOULD YOU DO?
OOTW: BECAUSE IF THEY DON'T ENACT THE DEPOSITORS INSURANCE LAW (SIMPLY RESTATING) WHY WOULD THEY PUT THEIR MONEY IN THE BANKS AND PAY ELECTRONICALLY?
OOTW: THEY WOULDN'T
OOTW: I WOULDN'T ANYWAY ;)
OOTW: IF THEY DROP THE VALUE OF THE IQD - THEN PEOPLE HAVE EVEN LESS BUYING POWER - SO WHY WOULD THEY GO FURTHER TO THEN ADD THE COST OF BUYING DOLLARS ON TOP OF THAT?
chattels: Who is Raed al-Hashemi ?
chattels: An economist, but have you read anything from him before ?
OOTW: NOT THAT I RECALL
OOTW: DID YOU POST THIS IN THE FORUM, CHATTELS? OOTW: IF NOT I CAN GET IT EASILY
OOTW: GOT IT OOTW: HERE IS THE ARTICLE
OOTW: BAGHDAD - A peace Zidane Stressed economist Raed al-Hashemi, the deletion of zeros from the local currency needs to be political, security and economic stability, noting that the feminine currency will lead to the feminine economy and facilitate the process of the payments system and raises the value of the currency.
Hashemi said in a dialogue with the (Journal), that "the economic environment you need to create a thoughtful to apply the deletion process through procedures and financial and banking decisions made by the financial authority in the country ".
raise zeros from the Iraqi currency has a benefit of the Iraqi economy? - The process of deletion of zeros is a necessary and important step comes as part of the need for the process of administrative reform of the coin contribute -lo been correctly applied with a choice of Almnasp- time in reducing transaction costs and cash transactions in the economic process,
and reduce the money supply in the country's size and to facilitate the calculations and reduce the inflating figures not to mention that the issuance of small groups will facilitate policy accounts price.
chattels: Just posted it - Courtesy of Richard Incrocci
chattels: wealthwatch.world/showthr...
http://ift.tt/1Zfnn4p
OOTW: AH THANK YOU
OOTW: I WILL COMBINE THREADS
OOTW: * What is the correct mechanisms that must be followed until the process of lifting the zeros? -there are several mechanisms including the selection of the appropriate timing at which the Iraqi economy (one-sided) in a state of stability and economic environment and to create a thoughtful to apply the deletion process and this needs to be procedures for financial and banking and the decisions taken by the Authority Finance in the country,
and the need to create a media and psychological community to accept such a decision by the intensive media campaigns before proceeding with implementation, and the implementation of the resolution on the stages of time and leeway enough fear of the events of confusion in the Iraqi market.
What are the concerns of the adoption of the process of lifting the zeros? -ary a lot economists that the process of deleting three zeros will lead to chaos and confusion in the domestic market and the spread of the phenomenon of "monetary illusion" because there are "two currencies" old and new and Sastglha traders to raise the goods and prices of goods.
OOTW: What is the correct mechanisms that must be followed until the process of lifting the zeros? -there are several mechanisms including the selection of the appropriate timing at which the Iraqi economy (one-sided) in a state of stability and economic environment and to create a thoughtful to apply the deletion process and this needs to be procedures for financial and banking and the decisions taken by the Authority Finance in the country, and the need to create a media and psychological community to accept such a decision by the intensive media campaigns before proceeding with implementation, and the implementation of the resolution on the stages of time and leeway enough fear of the events of confusion in the Iraqi market.
What are the concerns of the adoption of the process of lifting the zeros? -ary a lot economists that the process of deleting three zeros will lead to chaos and confusion in the domestic market and the spread of the phenomenon of "monetary illusion" because there are "two currencies" old and new and Sastglha traders to raise the goods and prices of goods.
OOTW: - The process of deletion of zeros is a necessary and important step comes as part of the need for the process of administrative reform of the coin contribute -lo been correctly applied with a choice of Almnasp- time in reducing transaction costs and cash transactions in the economic process, and reduce the money supply in the country's size and to facilitate the calculations and reduce the inflating figures not to mention that the issuance of small groups will facilitate policy accounts price.
What is the correct mechanisms that must be followed until the process of lifting the zeros? -there are several mechanisms including the selection of the appropriate timing at which the Iraqi economy (one-sided) in a state of stability and economic environment and to create a thoughtful to apply the deletion process and this needs to be procedures for financial and banking and the decisions taken by the Authority Finance in the country, and the need to create a media and psychological community to accept such a decision by the intensive media campaigns before proceeding with implementation, and the implementation of the resolution on the stages of time and leeway enough fear of the events of confusion in the Iraqi market.
OOTW: What are the concerns of the adoption of the process of lifting the zeros? -ary a lot economists that the process of deleting three zeros will lead to chaos and confusion in the domestic market and the spread of the phenomenon of "monetary illusion" because there are "two currencies" old and new and Sastglha traders to raise the goods and prices of goods.
as well as the fear of occurrence of chaos in the Iraqi street and stand in a new queues at the gates banks to replace the current Iraqi banknotes with those of the new banknotes.
Which will contribute to the emergence of speculators on the black market, taking advantage of the chaos that will arise from the process of the currency switch.
As well as there are fears of counterfeiters and (mafias) money laundering and smugglers currency who will take advantage of the new situation in the "wash" the old Iraqi dinars counterfeit and replaced by new or smuggling of genuine Iraqi dinars out of the country for the purposes of terrorism and organized crime, which will lead to lethality economic security of Iraq .
OOTW: Do you think that the lifting of the zeroes will affect the economy and social stability?
OOTW: - Yes affect by reducing its currency and thus will lead to the feminine Iraqi economy and facilitate the Iraqi payments system process and raise the value of the currency at least partially slow, and will affect the process in the creation of a worker and myself technician can play a positive role in strengthening the Iraqi dinar, provided that combined with a package of measures to take coordinated and good policies between monetary and fiscal authorities and other episodes concerned the economy.
chattels: ‹@OOTW› What do you think a " feminine " Iraqi economy means ?
http://ift.tt/1IY2edd
chattels: ‹@OOTW› What is your sense of these articles ? Any trend or developing clarity ?
OOTW: THE MOST CLEAR ASPECT I SEE IS THAT THEY WANT AND NEED TO GET THEIR EXPORTS GOING AND THIS IS THE PRIMARY REASON FOR ADDRESSING THE VALUE OF THE IQD
OOTW: I SAY THIS BECAUSE WE'VE ALREADY SEEN THE RATE DROP TO 1182
OOTW: BOTH THE CBI AND SALEH (ADVISER TO ABADI) AND THE ECONOMIC COMMITTEE HAVE PUBLISHED THEIR LISTS OF NEEDED REFORMS TO THE ECONOMIC AND BANKING CONDITIONS
OOTW: THEN WE HAVE THE PARLIAMENT SITE, STEADILY POSTING ANNOUNCEMENTS THAT PEOPLE NEED TO START SUPPORTING/BUYING IRAQI PRODUCTS
OOTW: THE MINISTRY OF TRANSPORT AND TRADE HAVE BOTH PUBLISHED ANNOUNCEMENTS REGARDING THE NEED TO PREPARE FOR INTERNATIONAL TRADE
OOTW: AS WELL AS AGREEMENTS WITH OTHER COUNTRIES (STATUS OF - MOVING FORWARD)
OOTW: REPAIR OF THE PORTS AS WELL
OOTW: ARTICLES FROM ECONOMISTS STATING THAT IRAQ HAS TO JUMPSTART THE ECONOMY VIA TRADE (ESP EXPORTS)
OOTW: AND STATING THAT THE CURRENT VALUE OF THE DINAR DOESN'T SUPPORT THAT
OOTW: LIKEWISE, SOME OF THESE ECONOMISTS STATE THEIR (VALID) REASONING AS TO WHY THE IQD VALUE SHOULD BE DECREASED
OOTW: OR INCREASED
OOTW: HENCE THE NEED AS STATED BY ZEBARI AND MOHSEN (SEPARATE ADDRESSMENTS) RE THE STUDY OF THE VALUE OF THE DINAR
OOTW: ABADI ALSO STATING THAT THEY NEED TO INSTITUTE THE TARIFFS TO HELP REBUILD THEIR RESERVES
OOTW: THEY HAVE PAYMENTS TO MAKE AND AGREEMENTS WITH OTHER COUNTRIES (TRADE AGREEMENTS)
OOTW: IT WILL TAKE A WHILE TO BUILD UP RESERVES/INCOME FROM TRADE
OOTW: THIS IS NOT AN OVERNIGHT PROCESS
Doug_W: 4 sure OO
OOTW: THESE ARTICLES (ESPECIALLY TODAY) STATE THAT THE GOVT IS THREATENING THE CBI TO TAKE OVER CONTROLS OF THE BANKS
OOTW: AND RELATED LAW/S
OOTW: COMBINED WITH THE PRESS RELEASES FROM DR'S SALEH AND HAFEZ POINTING THE FINGER OF CORRUPTION AT THE CBI, COMBINED WITH THEIR RECOMMENDED/NEEDED REFORMS
OOTW: MOST NOTABLY, THE DEPOSITOR'S INSURANCE LAW
OOTW: IF THEY DON'T GET THAT DONE, THE ONLY WAY THEIR GOING TO GET THE MASSES GOING BACK INTO THE BANKS IS THROUGH RAISING TAXES ON GOODS
OOTW: PEOPLE WILL EITHER BUY THE DOLLAR (EXPENSIVE FOR THEM)- TO BUY THESE GOODS
OOTW: OR THEY'LL USE DINAR (AND WON'T HAVE TO PAY THE SPREAD)
OOTW: WHICH WOULD YOU DO?
OOTW: BECAUSE IF THEY DON'T ENACT THE DEPOSITORS INSURANCE LAW (SIMPLY RESTATING) WHY WOULD THEY PUT THEIR MONEY IN THE BANKS AND PAY ELECTRONICALLY?
OOTW: THEY WOULDN'T
OOTW: I WOULDN'T ANYWAY ;)
OOTW: IF THEY DROP THE VALUE OF THE IQD - THEN PEOPLE HAVE EVEN LESS BUYING POWER - SO WHY WOULD THEY GO FURTHER TO THEN ADD THE COST OF BUYING DOLLARS ON TOP OF THAT?
chattels: Who is Raed al-Hashemi ?
chattels: An economist, but have you read anything from him before ?
OOTW: NOT THAT I RECALL
OOTW: DID YOU POST THIS IN THE FORUM, CHATTELS? OOTW: IF NOT I CAN GET IT EASILY
OOTW: GOT IT OOTW: HERE IS THE ARTICLE
OOTW: BAGHDAD - A peace Zidane Stressed economist Raed al-Hashemi, the deletion of zeros from the local currency needs to be political, security and economic stability, noting that the feminine currency will lead to the feminine economy and facilitate the process of the payments system and raises the value of the currency.
Hashemi said in a dialogue with the (Journal), that "the economic environment you need to create a thoughtful to apply the deletion process through procedures and financial and banking decisions made by the financial authority in the country ".
raise zeros from the Iraqi currency has a benefit of the Iraqi economy? - The process of deletion of zeros is a necessary and important step comes as part of the need for the process of administrative reform of the coin contribute -lo been correctly applied with a choice of Almnasp- time in reducing transaction costs and cash transactions in the economic process,
and reduce the money supply in the country's size and to facilitate the calculations and reduce the inflating figures not to mention that the issuance of small groups will facilitate policy accounts price.
chattels: Just posted it - Courtesy of Richard Incrocci
chattels: wealthwatch.world/showthr...
http://ift.tt/1Zfnn4p
OOTW: AH THANK YOU
OOTW: I WILL COMBINE THREADS
OOTW: * What is the correct mechanisms that must be followed until the process of lifting the zeros? -there are several mechanisms including the selection of the appropriate timing at which the Iraqi economy (one-sided) in a state of stability and economic environment and to create a thoughtful to apply the deletion process and this needs to be procedures for financial and banking and the decisions taken by the Authority Finance in the country,
and the need to create a media and psychological community to accept such a decision by the intensive media campaigns before proceeding with implementation, and the implementation of the resolution on the stages of time and leeway enough fear of the events of confusion in the Iraqi market.
What are the concerns of the adoption of the process of lifting the zeros? -ary a lot economists that the process of deleting three zeros will lead to chaos and confusion in the domestic market and the spread of the phenomenon of "monetary illusion" because there are "two currencies" old and new and Sastglha traders to raise the goods and prices of goods.
OOTW: What is the correct mechanisms that must be followed until the process of lifting the zeros? -there are several mechanisms including the selection of the appropriate timing at which the Iraqi economy (one-sided) in a state of stability and economic environment and to create a thoughtful to apply the deletion process and this needs to be procedures for financial and banking and the decisions taken by the Authority Finance in the country, and the need to create a media and psychological community to accept such a decision by the intensive media campaigns before proceeding with implementation, and the implementation of the resolution on the stages of time and leeway enough fear of the events of confusion in the Iraqi market.
What are the concerns of the adoption of the process of lifting the zeros? -ary a lot economists that the process of deleting three zeros will lead to chaos and confusion in the domestic market and the spread of the phenomenon of "monetary illusion" because there are "two currencies" old and new and Sastglha traders to raise the goods and prices of goods.
OOTW: - The process of deletion of zeros is a necessary and important step comes as part of the need for the process of administrative reform of the coin contribute -lo been correctly applied with a choice of Almnasp- time in reducing transaction costs and cash transactions in the economic process, and reduce the money supply in the country's size and to facilitate the calculations and reduce the inflating figures not to mention that the issuance of small groups will facilitate policy accounts price.
What is the correct mechanisms that must be followed until the process of lifting the zeros? -there are several mechanisms including the selection of the appropriate timing at which the Iraqi economy (one-sided) in a state of stability and economic environment and to create a thoughtful to apply the deletion process and this needs to be procedures for financial and banking and the decisions taken by the Authority Finance in the country, and the need to create a media and psychological community to accept such a decision by the intensive media campaigns before proceeding with implementation, and the implementation of the resolution on the stages of time and leeway enough fear of the events of confusion in the Iraqi market.
OOTW: What are the concerns of the adoption of the process of lifting the zeros? -ary a lot economists that the process of deleting three zeros will lead to chaos and confusion in the domestic market and the spread of the phenomenon of "monetary illusion" because there are "two currencies" old and new and Sastglha traders to raise the goods and prices of goods.
as well as the fear of occurrence of chaos in the Iraqi street and stand in a new queues at the gates banks to replace the current Iraqi banknotes with those of the new banknotes.
Which will contribute to the emergence of speculators on the black market, taking advantage of the chaos that will arise from the process of the currency switch.
As well as there are fears of counterfeiters and (mafias) money laundering and smugglers currency who will take advantage of the new situation in the "wash" the old Iraqi dinars counterfeit and replaced by new or smuggling of genuine Iraqi dinars out of the country for the purposes of terrorism and organized crime, which will lead to lethality economic security of Iraq .
OOTW: Do you think that the lifting of the zeroes will affect the economy and social stability?
OOTW: - Yes affect by reducing its currency and thus will lead to the feminine Iraqi economy and facilitate the Iraqi payments system process and raise the value of the currency at least partially slow, and will affect the process in the creation of a worker and myself technician can play a positive role in strengthening the Iraqi dinar, provided that combined with a package of measures to take coordinated and good policies between monetary and fiscal authorities and other episodes concerned the economy.
chattels: ‹@OOTW› What do you think a " feminine " Iraqi economy means ?
OOTW: THE REASON BECAUSE THE ECONOMISTS KEEP HARPING ON THIS - IS BECAUSE IT NEEDS TO BE DONE.....YET, OVER ALL THESE YEARS...WE STILL SEE A CONTINUED POLICY OF CONFLICT BETWEEN THE ECONOMIC ADVISERS AND GOVT COMMITTEES VS THE CBI
OOTW: THIS SITE (BEST DEFINITION AND MOST APPLICABLE) SAYS "LEARNING"
OOTW: http://ift.tt/1UFFoYp...
http://ift.tt/1Zfnn4r
OOTW: SO I WOULD SAY LEARNING THROUGH DOING
chattels: ‹@OOTW› ty
OOTW: I'M STILL RESEARCHING THIS
OOTW: ALSO I WOULD THINK FEMININE WOULD MEAN SOFTER OR LESS OF A SHOCK OR IMPACT
OOTW: HMMM HERE'S ANOTHER TRANLSATION OF THE WORD ON ITS OWN
OOTW: The interesting
OOTW: HERE'S MORE ON THE MEANING OF FEMININE
OOTW: Stressed economist Raed al-Hashemi, the deletion of zeros from the local currency needs to be political, security and economic stability, noting that the feminine currency will see an interesting economy and facilitate the process of the payments system and raises the value of the currency.
OOTW: SO IT ALSO MEANS INTERESTING
OOTW: I AGREE WITH THE THOUGHTS OF MANY OTHERS..SOMETHING IS AFOOT
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