DINAR UPDATES 4-5-16
Post From Dinar Updates
Chat Room Excerpts & Highlights
Dinar Updates Tuesday AM Chat 4-5-16 Part 1 of 3
Geofitness says():Amount sold at auction price (US$) 105,341,338
Geofitness says():BAGHDAD - Iraqi Prime Minister Haider al-Abadi has rejected complaints from political opponents that they were not consulted before he last week named a new “technocratic” cabinet in response to anti-corruption protests and calls for political reform. –
See more at: http://ift.tt/205J6hj
horsegal says():Good job Abadi
larrykn says to rcookie():what does this mean ? Rafidain Bank intends to sell the dollar directly to citizens 4-5
~~~
Post From Dinar Updates
Chat Room Excerpts & Highlights
Dinar Updates Tuesday AM Chat 4-5-16 Part 1 of 3
Geofitness says():Amount sold at auction price (US$) 105,341,338
Geofitness says():BAGHDAD - Iraqi Prime Minister Haider al-Abadi has rejected complaints from political opponents that they were not consulted before he last week named a new “technocratic” cabinet in response to anti-corruption protests and calls for political reform. –
See more at: http://ift.tt/205J6hj
horsegal says():Good job Abadi
larrykn says to rcookie():what does this mean ? Rafidain Bank intends to sell the dollar directly to citizens 4-5
~~~
Read More : http://ift.tt/1S0HQMm
LLN65 says to larrykn():yeah wonder what that means?
rcookie says to larrykn():there is a whole new network of restructured rafidain bank branches that were just recently announced to be opening that offer all financial banking services under one roof....banking...loans...stocks...bonds etc...and currency auctions included..
larrykn says to LLN65():well I know they wanted to remove the dollar now they are selling the dollar
rcookie says to larrykn():and mentions selling to citizens using its own resources...
larrykn says to rcookie():so will this selling of the dollar be at the new rate then too or does it make no differents what the rate will be they will just making money on the spread
rcookie says to larrykn():no....cbi sets rate...
larrykn says to rcookie():ok ty sir and GM :)
rcookie says to larrykn():gm larry....yvw...
futuremoney says():if they sell the dollar to citizens , that will take even more dinar off the street in order to rv...
rcookie says to larrykn():powerful article out this morning that outlines what i said the other day...when suggestioms of "sky is falling" doom & gloom about cbi reserve status.....iraq is completely on goal with where imf projects their reserves to be under table 2 of the imf smp..loi/mefp/tech mou...from the years 2014-2018...and actually through 2020....
larrykn says to rcookie):so is this a misleading article then
rcookie says to larrykn():no this is clarifying article that completely debunks some of the ridiculous negative statements about iraqs reserve status....
rcookie says to larrykn():made from some members in this room....
rcookie says to larrykn():which the day they were made....took the time to indicate exactly what is going on with their reserves as per the imf strategy within the smp loi/mefp/tech mou.....
rcookie says to larrykn():they are exactly on goal...
Mudder says():Not surprising
rcookie says():ok here we go...
VelmaF41 says():So, this is a good article and them selling the dollar to citizens are both good for us. Right - I am very new to all this. (F)
rcookie says():Economic Adviser to the head of Government is the financial reserve "well" in the shadow of the economic crisis
2016/04/05 (00:23 pm) - hits: 241 - number (3616)Baghdad Ibrahim Ibrahim Economic Advisor to Prime Minister Mohammad Saleh appearance on Monday, the value of the fiscal reserves of between 50 to 60 billion dollars, while noting that variable and not fixed by oil revenues, has denied reports that the Government withdraw any amount of that money.
The IMF, stressed that Iraq currency reserve reduced to 54 billion dollars in 2015, indicating that Iraq is continuing to make progress under the IMF monitored program.
Read More :http://ift.tt/205J6hk
larrykn says to VelmaF41():the part that they are right on track with the IMF letter o intent makes me real happy :)
rcookie says():here you go...
rcookie says():He said the Economic Adviser to the Prime Minister and the appearance of Mohammed Saleh, in an interview for "the range", "the Central Bank is moving in accordance with deliberate steps to address gaps in the domestic economy resulting from the lack of government revenue as a result of low oil prices for nearly years.
Saleh said "Government revenue from oil sales reached $ 8 billion in 2013 thus rose to nearly 75 billion dollars, now that oil revenues do not exceed 2 billion dinars per month therefore reserve ranges between 50 and 60 billion dollars.
Economic adviser said that "there is an ongoing coordination between the Central Bank and the International Monetary Fund through the agreements to enter the open market operations to purchase allocate Treasury and liquidity
Read More : http://ift.tt/1S0HOE8
LLN65 says to rcookie():(y)yeah
rcookie says():moving in accordance with deliberate steps to address gaps...
larrykn says to VelmaF41():wow :)
rcookie says():The "variable reserve because of the size of the revenue derived from the sale of oil and the amount of funds sold through auction to sell daily.
Economic Adviser denied "withdraw any amount of Government Treasury the financial reserve of the country to plug the cash because of the economic crisis."
He stressed that "the Central Bank plans balanced programmes to control the economic crisis through prudent monetary policies pursued by gradually commensurate with the daily work.
He said the Fund, Wednesday (30 March 2016), in a statement received "range", a copy of that "real GDP contracted by-2.1% in 2015 because of continuing armed conflict with organize daash which continue to strain the resources of Iraq, adding to the sharp decline in oil prices causing significant external shock on budget revenue and balance of payments, disrupting traffic and diminishing investor confidence."
Read More : http://ift.tt/1S0HOE8
rcookie says():"the Central Bank plans balanced programmes to control the economic crisis through prudent monetary policies pursued by gradually commensurate with the daily work.
rcookie says():The Fund added that "as a result of this widened the current account deficit in the balance of payments of up to 5.1%, leading to a decline in foreign exchange reserves by the end of 2015 Iraqi $ 13 billion dollars to reach 54 billion dollars.
The Fund noted that "Iraq continues to make progress under the program that monitors the IMF", adding that "Iraq will achieve three objectives guided the five required at the end of last year, including reducing the level of implementation of wage and pension expenditure, goods, services and transfers".
The Fund, he said that "Iraqi authorities and IMF experts made progress towards reaching an understanding on the programme of economic and financial policies, which can be supported through funding, and would include more measures to adjust the general financial conditions for Iraq, with the aim of making the expenditure conforms to the low level of oil prices".
Read More : http://ift.tt/1S0HOE8
rcookie says():ok read this again.....
futuremoney says to rcookie():really awesome...
rcookie says():The Fund, he said that "Iraqi authorities and IMF experts made progress towards reaching an understanding on the programme of economic and financial policies, which can be supported through funding, and would include more measures to adjust the general financial conditions for Iraq, with the aim of making the expenditure conforms to the low level of oil prices".
rcookie says):so an understanding has been established.....and in a nutshell....expenses conformed To match that of oil prices.....you cant spend more than you make........hmmmmm....what a novel concept......
Geofitness says to rcookie():Did you see what I posted earlier? BAGHDAD - Iraqi Prime Minister Haider al-Abadi has rejected complaints from political opponents that they were not consulted before he last week named a new “technocratic” cabinet in response to anti-corruption protests and calls for political reform. -
See more at: http://ift.tt/205J6hj
futuremoney says to rcookie():lol!
rcookie says():Iraq was conducted on 27-28 March in the current financial and economic talks with the International Monetary Fund in Oman for a credit policy arrangements (SBA) qualify to obtain loans.
Said economist Mohammed Mustafa Habib in an interview for "the range", "undo the country's cash reserves rapidly is a serious indication, so State financial institutions review their policies, according to market data.
"Successive Governments have wasted billions of random effect on the financial reserve directly without achieving any breakthrough".
Beloved explained that "the Central Bank's insistence on continuing the daily currency auction commissioned the local economy large amounts as a result of adhering to laws and teachings are not commensurate with the deteriorating economic situation in the country nearly biennium".
Read More : http://ift.tt/1S0HOE8
rcookie says():so we can add economist mohammad mustafa habib to the list of anti auction campaign.....basically saying continuing on an established losing path of auctions is not realistic in light of dire econo ic landscape.....
larrykn says():ok all have a great morning bbl :)
rcookie says():The "balancing 2015 included an item determines the amount and the capacity of 75 million dollars is sold at auction currency daily to control the financial drain, but the Central Bank law was challenged in court, and continued with the sale of up to 150 million dollars a day.
"The Central Bank is responsible for maintaining the financial reserve for Iraq and work on development and increased through control of the daily activities and supported by new laws and help maintain the commodity and service flow level without the side effects caused by some corrupt speculators."
The Iraqi Government said in a memorandum to the International Monetary Fund, Tuesday 13 klnon second, it plans to finance the deficit in the balance of payments, withdrawals from Iraq as foreign reserves will drop to $ 43 billion in 2016 from 59 billion at the end of last October.
She said, under a program approved by the IMF as a precondition for the loan, from the expected balance of payments deficit of 14 billion dollars in 2015, before shrinking to $ 11 billion in 2016.
Read More : http://ift.tt/1S0HOE8
rcookie says):saying that at the end of the day....auc tioins are cbi baby.....and totally responsible....for all facets...
rcookie says():including collateral results of corruptread this part again... speculators.....
rcookie says():read this part again...
rcookie says():She said, under a program approved by the IMF as a precondition for the loan, from the expected balance of payments deficit of 14 billion dollars in 2015, before shrinking to $ 11 billion in 2016.
Read More : http://ift.tt/1S0HOE8
rcookie says():under a program approved by imf..........
rcookie says():Iraq has estimated that GDP will grow by 1.5 percent in 2015 and 10.6 percent in 2016, with increase in oil production, while falling oil prices will lead to a budget deficit of 15 percent of GDP in 2015, and a deficit of 10 percent in 2016.
http://ift.tt/205J8Wr LINK
Read More : http://ift.tt/205J6xA;
LLN65 says to larrykn():yeah wonder what that means?
rcookie says to larrykn():there is a whole new network of restructured rafidain bank branches that were just recently announced to be opening that offer all financial banking services under one roof....banking...loans...stocks...bonds etc...and currency auctions included..
larrykn says to LLN65():well I know they wanted to remove the dollar now they are selling the dollar
rcookie says to larrykn():and mentions selling to citizens using its own resources...
larrykn says to rcookie():so will this selling of the dollar be at the new rate then too or does it make no differents what the rate will be they will just making money on the spread
rcookie says to larrykn():no....cbi sets rate...
larrykn says to rcookie():ok ty sir and GM :)
rcookie says to larrykn():gm larry....yvw...
futuremoney says():if they sell the dollar to citizens , that will take even more dinar off the street in order to rv...
rcookie says to larrykn():powerful article out this morning that outlines what i said the other day...when suggestioms of "sky is falling" doom & gloom about cbi reserve status.....iraq is completely on goal with where imf projects their reserves to be under table 2 of the imf smp..loi/mefp/tech mou...from the years 2014-2018...and actually through 2020....
larrykn says to rcookie):so is this a misleading article then
rcookie says to larrykn():no this is clarifying article that completely debunks some of the ridiculous negative statements about iraqs reserve status....
rcookie says to larrykn():made from some members in this room....
rcookie says to larrykn():which the day they were made....took the time to indicate exactly what is going on with their reserves as per the imf strategy within the smp loi/mefp/tech mou.....
rcookie says to larrykn():they are exactly on goal...
Mudder says():Not surprising
rcookie says():ok here we go...
VelmaF41 says():So, this is a good article and them selling the dollar to citizens are both good for us. Right - I am very new to all this. (F)
rcookie says():Economic Adviser to the head of Government is the financial reserve "well" in the shadow of the economic crisis
2016/04/05 (00:23 pm) - hits: 241 - number (3616)Baghdad Ibrahim Ibrahim Economic Advisor to Prime Minister Mohammad Saleh appearance on Monday, the value of the fiscal reserves of between 50 to 60 billion dollars, while noting that variable and not fixed by oil revenues, has denied reports that the Government withdraw any amount of that money.
The IMF, stressed that Iraq currency reserve reduced to 54 billion dollars in 2015, indicating that Iraq is continuing to make progress under the IMF monitored program.
Read More :http://ift.tt/205J6hk
larrykn says to VelmaF41():the part that they are right on track with the IMF letter o intent makes me real happy :)
rcookie says():here you go...
rcookie says():He said the Economic Adviser to the Prime Minister and the appearance of Mohammed Saleh, in an interview for "the range", "the Central Bank is moving in accordance with deliberate steps to address gaps in the domestic economy resulting from the lack of government revenue as a result of low oil prices for nearly years.
Saleh said "Government revenue from oil sales reached $ 8 billion in 2013 thus rose to nearly 75 billion dollars, now that oil revenues do not exceed 2 billion dinars per month therefore reserve ranges between 50 and 60 billion dollars.
Economic adviser said that "there is an ongoing coordination between the Central Bank and the International Monetary Fund through the agreements to enter the open market operations to purchase allocate Treasury and liquidity
Read More : http://ift.tt/1S0HOE8
LLN65 says to rcookie():(y)yeah
rcookie says():moving in accordance with deliberate steps to address gaps...
larrykn says to VelmaF41():wow :)
rcookie says():The "variable reserve because of the size of the revenue derived from the sale of oil and the amount of funds sold through auction to sell daily.
Economic Adviser denied "withdraw any amount of Government Treasury the financial reserve of the country to plug the cash because of the economic crisis."
He stressed that "the Central Bank plans balanced programmes to control the economic crisis through prudent monetary policies pursued by gradually commensurate with the daily work.
He said the Fund, Wednesday (30 March 2016), in a statement received "range", a copy of that "real GDP contracted by-2.1% in 2015 because of continuing armed conflict with organize daash which continue to strain the resources of Iraq, adding to the sharp decline in oil prices causing significant external shock on budget revenue and balance of payments, disrupting traffic and diminishing investor confidence."
Read More : http://ift.tt/1S0HOE8
rcookie says():"the Central Bank plans balanced programmes to control the economic crisis through prudent monetary policies pursued by gradually commensurate with the daily work.
rcookie says():The Fund added that "as a result of this widened the current account deficit in the balance of payments of up to 5.1%, leading to a decline in foreign exchange reserves by the end of 2015 Iraqi $ 13 billion dollars to reach 54 billion dollars.
The Fund noted that "Iraq continues to make progress under the program that monitors the IMF", adding that "Iraq will achieve three objectives guided the five required at the end of last year, including reducing the level of implementation of wage and pension expenditure, goods, services and transfers".
The Fund, he said that "Iraqi authorities and IMF experts made progress towards reaching an understanding on the programme of economic and financial policies, which can be supported through funding, and would include more measures to adjust the general financial conditions for Iraq, with the aim of making the expenditure conforms to the low level of oil prices".
Read More : http://ift.tt/1S0HOE8
rcookie says():ok read this again.....
futuremoney says to rcookie():really awesome...
rcookie says():The Fund, he said that "Iraqi authorities and IMF experts made progress towards reaching an understanding on the programme of economic and financial policies, which can be supported through funding, and would include more measures to adjust the general financial conditions for Iraq, with the aim of making the expenditure conforms to the low level of oil prices".
rcookie says):so an understanding has been established.....and in a nutshell....expenses conformed To match that of oil prices.....you cant spend more than you make........hmmmmm....what a novel concept......
Geofitness says to rcookie():Did you see what I posted earlier? BAGHDAD - Iraqi Prime Minister Haider al-Abadi has rejected complaints from political opponents that they were not consulted before he last week named a new “technocratic” cabinet in response to anti-corruption protests and calls for political reform. -
See more at: http://ift.tt/205J6hj
futuremoney says to rcookie():lol!
rcookie says():Iraq was conducted on 27-28 March in the current financial and economic talks with the International Monetary Fund in Oman for a credit policy arrangements (SBA) qualify to obtain loans.
Said economist Mohammed Mustafa Habib in an interview for "the range", "undo the country's cash reserves rapidly is a serious indication, so State financial institutions review their policies, according to market data.
"Successive Governments have wasted billions of random effect on the financial reserve directly without achieving any breakthrough".
Beloved explained that "the Central Bank's insistence on continuing the daily currency auction commissioned the local economy large amounts as a result of adhering to laws and teachings are not commensurate with the deteriorating economic situation in the country nearly biennium".
Read More : http://ift.tt/1S0HOE8
rcookie says():so we can add economist mohammad mustafa habib to the list of anti auction campaign.....basically saying continuing on an established losing path of auctions is not realistic in light of dire econo ic landscape.....
larrykn says():ok all have a great morning bbl :)
rcookie says():The "balancing 2015 included an item determines the amount and the capacity of 75 million dollars is sold at auction currency daily to control the financial drain, but the Central Bank law was challenged in court, and continued with the sale of up to 150 million dollars a day.
"The Central Bank is responsible for maintaining the financial reserve for Iraq and work on development and increased through control of the daily activities and supported by new laws and help maintain the commodity and service flow level without the side effects caused by some corrupt speculators."
The Iraqi Government said in a memorandum to the International Monetary Fund, Tuesday 13 klnon second, it plans to finance the deficit in the balance of payments, withdrawals from Iraq as foreign reserves will drop to $ 43 billion in 2016 from 59 billion at the end of last October.
She said, under a program approved by the IMF as a precondition for the loan, from the expected balance of payments deficit of 14 billion dollars in 2015, before shrinking to $ 11 billion in 2016.
Read More : http://ift.tt/1S0HOE8
rcookie says):saying that at the end of the day....auc tioins are cbi baby.....and totally responsible....for all facets...
rcookie says():including collateral results of corruptread this part again... speculators.....
rcookie says():read this part again...
rcookie says():She said, under a program approved by the IMF as a precondition for the loan, from the expected balance of payments deficit of 14 billion dollars in 2015, before shrinking to $ 11 billion in 2016.
Read More : http://ift.tt/1S0HOE8
rcookie says():under a program approved by imf..........
rcookie says():Iraq has estimated that GDP will grow by 1.5 percent in 2015 and 10.6 percent in 2016, with increase in oil production, while falling oil prices will lead to a budget deficit of 15 percent of GDP in 2015, and a deficit of 10 percent in 2016.
http://ift.tt/205J8Wr LINK
Read More : http://ift.tt/205J6xA;
rcookie says to Geofitness():what a joke.....abadi demands all blocs to submit their lists of technocrat candidates....they ignore demand and deadline.....then whine and complain about not being included in process of nominees....
rcookie says to Geofitness():great to see him standing his ground....
Geofitness says to rcookie():agreed!!
rcookie says to Geofitness():just like jabouri laying down the law of mp's exceeding absences....and votes....
Geofitness says to rcookie():This is who I follow in Twitter @SajadJiyad
rcookie says to Geofitness():its public.....there are many articles back from beginning of march....
rcookie says to Geofitness():even jabouri meeting with bloc heads (lol)....
rcookie says():Transport system opens the central control of air navigation Baghdad International Airport
Wrote: April 5, 2016 Transport Minister Bayan Jabr opened the new system for centralized control of the civilian air traffic at Baghdad International Airport
The minister said during the opening ceremony that the system include all airports operating in Iraq and by 59 sophisticated device which is the largest in the Middle East, where the Dubai Airport includes 40 device and the region, allowing for this project is the ability to control the skies of Iraq supported system sophisticated radars to ensure the safety of all trans aircraft and it enhances the reputation of Iraqi airports and airspace of Iraq
The minister added that the General Company for facility Civil Aviation has introduced the air traffic control system according to international standards in order to improve the services offered to travelers across the Iraqi Airways.
He revealed the plan of the ministry to set up a modern communications system at Mosul airport after its liberation from the impurity bands «Daash» terrorist.
http://ift.tt/1RVv4LR
rcookie says to Geofitness():great to see him standing his ground....
Geofitness says to rcookie():agreed!!
rcookie says to Geofitness():just like jabouri laying down the law of mp's exceeding absences....and votes....
Geofitness says to rcookie():This is who I follow in Twitter @SajadJiyad
rcookie says to Geofitness():its public.....there are many articles back from beginning of march....
rcookie says to Geofitness():even jabouri meeting with bloc heads (lol)....
rcookie says():Transport system opens the central control of air navigation Baghdad International Airport
Wrote: April 5, 2016 Transport Minister Bayan Jabr opened the new system for centralized control of the civilian air traffic at Baghdad International Airport
The minister said during the opening ceremony that the system include all airports operating in Iraq and by 59 sophisticated device which is the largest in the Middle East, where the Dubai Airport includes 40 device and the region, allowing for this project is the ability to control the skies of Iraq supported system sophisticated radars to ensure the safety of all trans aircraft and it enhances the reputation of Iraqi airports and airspace of Iraq
The minister added that the General Company for facility Civil Aviation has introduced the air traffic control system according to international standards in order to improve the services offered to travelers across the Iraqi Airways.
He revealed the plan of the ministry to set up a modern communications system at Mosul airport after its liberation from the impurity bands «Daash» terrorist.
http://ift.tt/1RVv4LR
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