Post From Dinar Updates 3-01-16
Chat Room Excerpts & Highlights
Dinar Updates Tuesday Chat 3-01-16 Part 1 of 2
Loopback says(The degree of Iraq's credit rating could rise
2/3/2016 0:00 BAGHDAD Mustafa al-Hashemi
The head of the Minister for Economic Affairs Adviser Dr. appearance of Mohammed Saleh possibility of improvement in the degree of Iraq's credit rating to a higher degree during the current year.
Saleh added in a statement »Sabah» that the degree classification certainly will rise after the liberation of Mosul and some cities in Anbar, stressing that the rise in oil prices and the gradual recovery that would contribute to the progress of the degree of Iraq's credit rating.
~~~
Chat Room Excerpts & Highlights
Dinar Updates Tuesday Chat 3-01-16 Part 1 of 2
Loopback says(The degree of Iraq's credit rating could rise
2/3/2016 0:00 BAGHDAD Mustafa al-Hashemi
The head of the Minister for Economic Affairs Adviser Dr. appearance of Mohammed Saleh possibility of improvement in the degree of Iraq's credit rating to a higher degree during the current year.
Saleh added in a statement »Sabah» that the degree classification certainly will rise after the liberation of Mosul and some cities in Anbar, stressing that the rise in oil prices and the gradual recovery that would contribute to the progress of the degree of Iraq's credit rating.
~~~
Loopback says():Known credit rating GCR, which is an acronym for (global credit rating) as a measure to assess the possibility of the borrower to meet its obligations in the face of lenders, or in other words, the risk of non-payment the lender (issuer) to meet its obligations (loan to value and benefits) of the borrower (bondholder) . And is rated the world's credit rating ladder consists of four grades are A, B, C and D as well as variables that represent signal + or - different Petkrarat.
Loopback says():The credit rating agencies of the three, the Standard & Poor's, and Moody's, Fitch in general risks related to religion versions for both corporations or governments evaluate.
The rating agency Standard & Poor's, the largest credit rating agencies in the world, confirmed Friday its credit rating for Iraq at B- / B in spite of the fluctuation of oil prices and a height of caution and gave him a stable outlook, adding in a statement that the decline in the price of oil has kept the financial pressure and external.
Loopback says():However, the «Standard & Poor's» pointed out that Iraq has huge reserves and has substantial oil exports, thereby reducing the concerns in this area, so attached to the agency classified the prospect of a stable, usually the growth of the country that he will remain steady in the medium term due to the significant increase in oil production is It will ease budget pressures.
He returned to favor confirms that the liberation of the Iraqi cities terror Sather certainly in the high temperature rating, hoping to be the class to a class A during the next six months.
Loopback says():He explained that the agency conducted a review of the degree classification every six months during a meeting of financial institutions and the Ministry of Planning and the security agencies and other relevant departments, stressing that the indicators confirm the liberation of the cities of Iraq during the current year from terrorism.
He stressed that the stability of Iraq would give him the highest degree of rating with a stable outlook, given the global reputation in the payment of its financial obligations as well as possession of resources that qualify to ascend to the highest credit ratings.Source
Loopback says():
http://ift.tt/1TSDjKe
rcookie says to Dr Dave():FAVORITE CRIMEFIGHTER?...
rcookie says to Loopback():LOOP FAVORITE CRIMEFIGHTER....
rcookie says to Dr Dave()::D
Loopback says():Tackle tax evasion and diversify the revenue necessary to overcome the crisis
2/3/2016 0:00 Baghdad, Hussein al-Tamimi Tgb
Enable the oil sector and activating investment in the overall production and service sectors is one of the important recommendations of the International Monetary Fund on reducing the effects of lower oil prices on Iraq.
jarhead says():credit rating may rise ?
jarhead says():how bout currency rise :D
Dr Dave says():I like Saleh
Loopback says():Christian Josh head of the IMF Mission for Iraq said «morning»: The expand imports requires a focus on oil and non-oil sectors, and to mitigate the impact of low oil prices, should the Iraqi government to take the actions necessary to ensure the achievement of its objectives related to oil production, which requires the implementation of the oil investment which enable it to achieve production targets.
Loopback says():Increase revenue
He said the government should increase non-oil revenues, too, can generate additional non-oil revenues through the implementation of reforms along the lines of the package announced by Dr Abadi prime minister in 2015 and include treatment of tax evasion and increase tax collection rates,
the implementation of the Customs Act of 2010, as well as therefore, the structure of tariff reforms and support system in sectors such as the energy sector, its role will not only generate revenue, but it also will let the field to improving the services available to the Iraqi people in terms of availability and level.
Loopback says):In a question about the desired role of the Iraqi government to confront the current crisis of lack of income?
He said, with a drop in global oil prices and Iraq's continuing fight al «Daash», the increase in oil exports and the implementation of strategies for strong fiscal consolidation are a key factor in 2016 and in the medium term to achieve consistency between spending and available resources.
Read More :
http://ift.tt/1TSDjKe
Loopback says():And on loans from the International Monetary Fund to Iraq Is the case of a positive for the economy Josh said, there are clear advantages in helping to ease the pressure on public finances provide some funding through this difficult period. In addition, the entering into a funding agreement with the IMF sends a positive signal to the market.
And establishing a positive performance and a clear record in the field of economic reforms, which is a prerequisite to enter into a financing agreement with the IMF, Iraq can earn additional sources of funding from other multinational institutions, bilateral donors and international financial markets.
Loopback says():Financial correction
He noted that the Fund expects crude oil prices this year in light of the recent developments in the international oil market, the average price in Iraq about $ 30 a barrel in 2016.
Loopback says():And it demanded to continue the commitment to fiscal correction and economic reform that the government should focus on containing the primary deficit is oil, which is the difference between the non-oil revenue and preliminary expenses of non-oil, noting that in 2015 achieved fiscal adjustment primarily the result of reduced investment in non-oil expenses,
but must be also in 2016 and in the medium term modification of current expenditures, such as salaries of government bloated bill (addressing the issue of phantom workers, and the freezing of nominal wages, and other measures), noting that it leads to make room for the increase in non-oil investments that can promote economic growth non-oil sector. The Government should examine public investment projects and prioritized according to the feasibility analysis
Loopback says():private sector
And the negative effects of stopped projects Josh said, working to diversify the economy while giving the private sector a greater role can be a catalyst for job creation fund is advised, and the government should accelerate structural reform to encourage private sector growth and create new jobs,
and areas of reform to achieve equal opportunities for banks private and strengthen the financial infrastructure. It also requires reforms to improve the business environment in order to address the difficulties faced by the private sector,
Loopback says():noting that Iraq is currently ranked 156 among 189 countries in the comparative report between the countries of the World Bank on Doing Business 2015 compared ranked 151 in 2014 . Iraq occupies a low rank in particular with regard to the start of business procedures,
and access to credit, and trading across borders, enforcing contracts, resolving insolvency cases. It is possible to perform address these issues as well as the security situation improves to help the private sector to play a more effective role in the economy.
Loopback says():Powerful Strategies
Josh Among the most important reforms that the Iraqi side, the fund is advised to overcome the crisis by adopting a strong implementation strategies for fiscal consolidation in 2016-2017. Despite the contribution of corrective measures to reduce the non-oil primary deficit in 2015, the financial control elements were not perfect. It lost the bulk came from the patch from capital spending rather than current spending items.
In the medium term, the authorities should also limit the current expenditures, including payroll bloated, to make way for encouraging increased investment expenditures for non-oil growth. Investing oil is necessary to generate the needed oil revenues to finance most of the public spending items, and therefore should be protected.
Loopback says():The quality of spending
He stressed the importance that the government continues to reform public financial management to improve the quality of public spending and raise the efficiency of the implementation of the budget.
This involves amendments to the Public Finance Management Act, and move towards the adoption of a single treasury account and implementation of an integrated system of financial management information, and the authorities should improve the supervision of the banking sector to include both private banks and the banks owned by the state.
The implementation of the audit on the most important state-owned banks operations (Rafidain and Rasheed) first very important step in this direction, because of the three state-owned banks which Rasheed Bank and the Rafidain Bank of Iraq and the Trade Bank accounts for about 90 percent of banking system assets in Iraq.
http://ift.tt/1RoP5aN
rcookie says():THEY STATED SIMILAR LAST YEAR...INCREASE NON OIL REVENUE SECTORS...FURTHER SECURITY EFFORTS...CURB SPENDING...PAY BILLS BEFORE THEMSELVES....
rcookie says():ALL OF THAT IS LINE ITEM BY LINE ITEM FROM THE IMF LOI/MEFP/TECH MOU.....
Loopback says():Arabian Monetary looking macroeconomic management and fiscal policy
2/3/2016 0:00 BAGHDAD - The morning began in the twenty - eighth of February businessman "macroeconomic management and fiscal policy" session convened by the Economic Policy Institute , the Arab Monetary Fund in collaboration with the center of the economy and finance in the Middle East of the International Monetary Fund, in the city of Doha and continue until the tenth of this March
rcookie says():PFM ACT...IFMIS...STA...BREAK UP & PRIVATIZE STATE BANKS....INTERNATIONAL AUDIT ON MOF & CBI BANKS...
subgirl says():thank you both for sharing news with us! :) IMF is pretty detailed of things that are happening and going to happen!! (y)
Loopback says():He explained a statement of the Fund , seen by the "morning" yesterday course aims to present the most relevant macro - economy and financial government issues. And fiscal policy role they are playing in the economic activity in general and in the Arab economies in particular.
This is due in part to the importance of the public sector in Arab economies and the nature of non - tax revenues, particularly oil revenues flowing into the state treasury and are an important of part of its budget.
Loopback says():n this framework, and to avoid the negative effects of possible fluctuations in oil prices, there is an urgent need to need to adopt prudent policies to deal with different circumstances ,
thus reducing the dependence on oil revenues and try to find sources of revenue such as the development and activation of tax systems, and diversify sources of income through the development of other productive sectors especially in the Arab Petroleum exporting countries oil.
Among the most prominent themes discussed in the session is the financial policy and its impact on the overall economy, and its relationship with other macro - economic policy and forecasting in the government budget, and fiscal policy and trends in employment in the Middle East, reform of spending and systems policies and tax.
mimi3 says to rcookie():so the audit could slow things down or have they already been audited
Loopback says():The session will discuss the subject of public debt management and financial sustainability, as well as management of oil revenues, as well as general financial and operating policy. Source
http://ift.tt/1TSDl52
http://ift.tt/1RoP5r2
mimi3 says to rcookie():({)
mimi3 says():Thank you Loop!
rcookie says():THEY HAVE BEEN AND ARE BEING AUDITED FOR END OF 2015...AND PROVIDING ASSISTANCE AND MONITORING OF STATE BANKS RESTRUCTURE AND PRIVATIZE....
rcookie says to Loopback():LOOP THOSE POSTS ROCK!!!!!!!!!!!!!!!!!!!
mimi3 says():Let's rock that RV!!!(v)
Loopback says():Scarlett Captain and the Mysterons - Tubetube intro - https://www.youtube.com/watch?v=bV8YbLvGrb0
clay says to mimi3():hey mimi
clay says to Loopback():wow this dinar thingy has really gottin to ya (lol) 8-|
Loopback says to rcookie():I thought that they were worth bringing into the chat.
subgirl says to clay()::D
mimi3 says to clay():hey, just got home from keeping my 4th Grandson so I have been out of the loop......( no pun intented)
subgirl says to Loopback()::D
Loopback says to clay():It's making me LOOPY
subgirl says to Loopback():lol
rcookie says():AND THOSE COMMENTS AND INITIATIVE FROM THE IMF AND ARAB MONETARY FUND APPLY TO THE ENTIRE REGION NOT JUST IRAQ......
Loopback says to rcookie():It's a very important region for the world.
Loopback says():The credit rating agencies of the three, the Standard & Poor's, and Moody's, Fitch in general risks related to religion versions for both corporations or governments evaluate.
The rating agency Standard & Poor's, the largest credit rating agencies in the world, confirmed Friday its credit rating for Iraq at B- / B in spite of the fluctuation of oil prices and a height of caution and gave him a stable outlook, adding in a statement that the decline in the price of oil has kept the financial pressure and external.
Loopback says():However, the «Standard & Poor's» pointed out that Iraq has huge reserves and has substantial oil exports, thereby reducing the concerns in this area, so attached to the agency classified the prospect of a stable, usually the growth of the country that he will remain steady in the medium term due to the significant increase in oil production is It will ease budget pressures.
He returned to favor confirms that the liberation of the Iraqi cities terror Sather certainly in the high temperature rating, hoping to be the class to a class A during the next six months.
Loopback says():He explained that the agency conducted a review of the degree classification every six months during a meeting of financial institutions and the Ministry of Planning and the security agencies and other relevant departments, stressing that the indicators confirm the liberation of the cities of Iraq during the current year from terrorism.
He stressed that the stability of Iraq would give him the highest degree of rating with a stable outlook, given the global reputation in the payment of its financial obligations as well as possession of resources that qualify to ascend to the highest credit ratings.Source
Loopback says():
http://ift.tt/1TSDjKe
rcookie says to Dr Dave():FAVORITE CRIMEFIGHTER?...
rcookie says to Loopback():LOOP FAVORITE CRIMEFIGHTER....
rcookie says to Dr Dave()::D
Loopback says():Tackle tax evasion and diversify the revenue necessary to overcome the crisis
2/3/2016 0:00 Baghdad, Hussein al-Tamimi Tgb
Enable the oil sector and activating investment in the overall production and service sectors is one of the important recommendations of the International Monetary Fund on reducing the effects of lower oil prices on Iraq.
jarhead says():credit rating may rise ?
jarhead says():how bout currency rise :D
Dr Dave says():I like Saleh
Loopback says():Christian Josh head of the IMF Mission for Iraq said «morning»: The expand imports requires a focus on oil and non-oil sectors, and to mitigate the impact of low oil prices, should the Iraqi government to take the actions necessary to ensure the achievement of its objectives related to oil production, which requires the implementation of the oil investment which enable it to achieve production targets.
Loopback says():Increase revenue
He said the government should increase non-oil revenues, too, can generate additional non-oil revenues through the implementation of reforms along the lines of the package announced by Dr Abadi prime minister in 2015 and include treatment of tax evasion and increase tax collection rates,
the implementation of the Customs Act of 2010, as well as therefore, the structure of tariff reforms and support system in sectors such as the energy sector, its role will not only generate revenue, but it also will let the field to improving the services available to the Iraqi people in terms of availability and level.
Loopback says):In a question about the desired role of the Iraqi government to confront the current crisis of lack of income?
He said, with a drop in global oil prices and Iraq's continuing fight al «Daash», the increase in oil exports and the implementation of strategies for strong fiscal consolidation are a key factor in 2016 and in the medium term to achieve consistency between spending and available resources.
Read More :
http://ift.tt/1TSDjKe
Loopback says():And on loans from the International Monetary Fund to Iraq Is the case of a positive for the economy Josh said, there are clear advantages in helping to ease the pressure on public finances provide some funding through this difficult period. In addition, the entering into a funding agreement with the IMF sends a positive signal to the market.
And establishing a positive performance and a clear record in the field of economic reforms, which is a prerequisite to enter into a financing agreement with the IMF, Iraq can earn additional sources of funding from other multinational institutions, bilateral donors and international financial markets.
Loopback says():Financial correction
He noted that the Fund expects crude oil prices this year in light of the recent developments in the international oil market, the average price in Iraq about $ 30 a barrel in 2016.
Loopback says():And it demanded to continue the commitment to fiscal correction and economic reform that the government should focus on containing the primary deficit is oil, which is the difference between the non-oil revenue and preliminary expenses of non-oil, noting that in 2015 achieved fiscal adjustment primarily the result of reduced investment in non-oil expenses,
but must be also in 2016 and in the medium term modification of current expenditures, such as salaries of government bloated bill (addressing the issue of phantom workers, and the freezing of nominal wages, and other measures), noting that it leads to make room for the increase in non-oil investments that can promote economic growth non-oil sector. The Government should examine public investment projects and prioritized according to the feasibility analysis
Loopback says():private sector
And the negative effects of stopped projects Josh said, working to diversify the economy while giving the private sector a greater role can be a catalyst for job creation fund is advised, and the government should accelerate structural reform to encourage private sector growth and create new jobs,
and areas of reform to achieve equal opportunities for banks private and strengthen the financial infrastructure. It also requires reforms to improve the business environment in order to address the difficulties faced by the private sector,
Loopback says():noting that Iraq is currently ranked 156 among 189 countries in the comparative report between the countries of the World Bank on Doing Business 2015 compared ranked 151 in 2014 . Iraq occupies a low rank in particular with regard to the start of business procedures,
and access to credit, and trading across borders, enforcing contracts, resolving insolvency cases. It is possible to perform address these issues as well as the security situation improves to help the private sector to play a more effective role in the economy.
Loopback says():Powerful Strategies
Josh Among the most important reforms that the Iraqi side, the fund is advised to overcome the crisis by adopting a strong implementation strategies for fiscal consolidation in 2016-2017. Despite the contribution of corrective measures to reduce the non-oil primary deficit in 2015, the financial control elements were not perfect. It lost the bulk came from the patch from capital spending rather than current spending items.
In the medium term, the authorities should also limit the current expenditures, including payroll bloated, to make way for encouraging increased investment expenditures for non-oil growth. Investing oil is necessary to generate the needed oil revenues to finance most of the public spending items, and therefore should be protected.
Loopback says():The quality of spending
He stressed the importance that the government continues to reform public financial management to improve the quality of public spending and raise the efficiency of the implementation of the budget.
This involves amendments to the Public Finance Management Act, and move towards the adoption of a single treasury account and implementation of an integrated system of financial management information, and the authorities should improve the supervision of the banking sector to include both private banks and the banks owned by the state.
The implementation of the audit on the most important state-owned banks operations (Rafidain and Rasheed) first very important step in this direction, because of the three state-owned banks which Rasheed Bank and the Rafidain Bank of Iraq and the Trade Bank accounts for about 90 percent of banking system assets in Iraq.
http://ift.tt/1RoP5aN
rcookie says():THEY STATED SIMILAR LAST YEAR...INCREASE NON OIL REVENUE SECTORS...FURTHER SECURITY EFFORTS...CURB SPENDING...PAY BILLS BEFORE THEMSELVES....
rcookie says():ALL OF THAT IS LINE ITEM BY LINE ITEM FROM THE IMF LOI/MEFP/TECH MOU.....
Loopback says():Arabian Monetary looking macroeconomic management and fiscal policy
2/3/2016 0:00 BAGHDAD - The morning began in the twenty - eighth of February businessman "macroeconomic management and fiscal policy" session convened by the Economic Policy Institute , the Arab Monetary Fund in collaboration with the center of the economy and finance in the Middle East of the International Monetary Fund, in the city of Doha and continue until the tenth of this March
rcookie says():PFM ACT...IFMIS...STA...BREAK UP & PRIVATIZE STATE BANKS....INTERNATIONAL AUDIT ON MOF & CBI BANKS...
subgirl says():thank you both for sharing news with us! :) IMF is pretty detailed of things that are happening and going to happen!! (y)
Loopback says():He explained a statement of the Fund , seen by the "morning" yesterday course aims to present the most relevant macro - economy and financial government issues. And fiscal policy role they are playing in the economic activity in general and in the Arab economies in particular.
This is due in part to the importance of the public sector in Arab economies and the nature of non - tax revenues, particularly oil revenues flowing into the state treasury and are an important of part of its budget.
Loopback says():n this framework, and to avoid the negative effects of possible fluctuations in oil prices, there is an urgent need to need to adopt prudent policies to deal with different circumstances ,
thus reducing the dependence on oil revenues and try to find sources of revenue such as the development and activation of tax systems, and diversify sources of income through the development of other productive sectors especially in the Arab Petroleum exporting countries oil.
Among the most prominent themes discussed in the session is the financial policy and its impact on the overall economy, and its relationship with other macro - economic policy and forecasting in the government budget, and fiscal policy and trends in employment in the Middle East, reform of spending and systems policies and tax.
mimi3 says to rcookie():so the audit could slow things down or have they already been audited
Loopback says():The session will discuss the subject of public debt management and financial sustainability, as well as management of oil revenues, as well as general financial and operating policy. Source
http://ift.tt/1TSDl52
http://ift.tt/1RoP5r2
mimi3 says to rcookie():({)
mimi3 says():Thank you Loop!
rcookie says():THEY HAVE BEEN AND ARE BEING AUDITED FOR END OF 2015...AND PROVIDING ASSISTANCE AND MONITORING OF STATE BANKS RESTRUCTURE AND PRIVATIZE....
rcookie says to Loopback():LOOP THOSE POSTS ROCK!!!!!!!!!!!!!!!!!!!
mimi3 says():Let's rock that RV!!!(v)
Loopback says():Scarlett Captain and the Mysterons - Tubetube intro - https://www.youtube.com/watch?v=bV8YbLvGrb0
clay says to mimi3():hey mimi
clay says to Loopback():wow this dinar thingy has really gottin to ya (lol) 8-|
Loopback says to rcookie():I thought that they were worth bringing into the chat.
subgirl says to clay()::D
mimi3 says to clay():hey, just got home from keeping my 4th Grandson so I have been out of the loop......( no pun intented)
subgirl says to Loopback()::D
Loopback says to clay():It's making me LOOPY
subgirl says to Loopback():lol
rcookie says():AND THOSE COMMENTS AND INITIATIVE FROM THE IMF AND ARAB MONETARY FUND APPLY TO THE ENTIRE REGION NOT JUST IRAQ......
Loopback says to rcookie():It's a very important region for the world.
rcookie says():Abadi turn against al-Maliki and withdraw from the «rule of law»
03-02-16 High-level Iraqi sources revealed that Prime Minister Haider al-Abadi will announce the formation of the new cabinet soon, contrary to expectations, because of what the reason for the speed of delivery, to the upcoming visit of Iranian President Hassan Rowhani to Baghdad within the next ten days.
The sources told «Okaz» The Abadi, so that he can complete the formation of the new government before the arrival of Rouhani Baghdad, will form a new parliamentary bloc after it, announce his withdrawal from the State of Law bloc led by Nouri al-Maliki.
Read More :
http://ift.tt/1TSDjKg
rcookie says():He confirmed that the prime minister began forming a «coalition of the nation» procedures in preparation to announce his withdrawal from the coalition of state law, adding that al-Abadi agreed with Parliament Speaker Salim al Union of Kurdistan to form a national coalition to form a committee to develop a political program for this Alaitlav.vi
meanwhile, killed a senior officer in the army Iraqi and five other soldiers in a suicide attack was carried out by four suicide bombers with explosive belts targeted the headquarters of the army in the al-Anbar province, according to security sources in the army.
So Iraqi forces yesterday began a massive operation to restore areas in Salahuddin province, north of Baghdad, al Daash according to an official statement.
http://ift.tt/1U3jksX
http://ift.tt/1QhqLGM
Read More :
http://ift.tt/1TSDjKg
Comments may be made at the end of Part 2 Thank You
03-02-16 High-level Iraqi sources revealed that Prime Minister Haider al-Abadi will announce the formation of the new cabinet soon, contrary to expectations, because of what the reason for the speed of delivery, to the upcoming visit of Iranian President Hassan Rowhani to Baghdad within the next ten days.
The sources told «Okaz» The Abadi, so that he can complete the formation of the new government before the arrival of Rouhani Baghdad, will form a new parliamentary bloc after it, announce his withdrawal from the State of Law bloc led by Nouri al-Maliki.
Read More :
http://ift.tt/1TSDjKg
rcookie says():He confirmed that the prime minister began forming a «coalition of the nation» procedures in preparation to announce his withdrawal from the coalition of state law, adding that al-Abadi agreed with Parliament Speaker Salim al Union of Kurdistan to form a national coalition to form a committee to develop a political program for this Alaitlav.vi
meanwhile, killed a senior officer in the army Iraqi and five other soldiers in a suicide attack was carried out by four suicide bombers with explosive belts targeted the headquarters of the army in the al-Anbar province, according to security sources in the army.
So Iraqi forces yesterday began a massive operation to restore areas in Salahuddin province, north of Baghdad, al Daash according to an official statement.
http://ift.tt/1U3jksX
http://ift.tt/1QhqLGM
Read More :
http://ift.tt/1TSDjKg
Comments may be made at the end of Part 2 Thank You
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