Dinar Updates:
Q: [the ISX said in an article recently they would be fully ready by end of year. does that in any way hamper the chances of Iraq moving to a market economy by mid year?]
rcookie : THE END OF YEAR STATEMENT FROM ISX HAS TO DO WITH NEW ELECTRONIC TRADING PLATFORM...
THEY ALREADY HAVE IN PLACE THESE REGIONAL FINANCIAL HUBS...WHICH WILL PROCESS THE DATA FROM THE 2 EXCHANGES AND TRANSMIT TO THESE REGIONAL CENTERS WHO WILL TRANSMIT TO THE BANKS AND BROKERAGE HOUSES FOR TRADING BUSINESS WITH THE PUBLIC...
MORE IMPORTANTLY...ONE OF THE MOST IMPORTANT CBI ANNOUNCEMENTS THIS YEAR ON JAN 7TH....WAS THE DIRECTIVE FROM CBI FOR ALL BANKS AND FINANCIAL INSTITUTIONS IN IRAQ TO MIGRATE FROM UAS (UNIVERSAL ACCOUNTING STANDARDS) TO IAS (INTERNATIONAL ACCOUNTING STANDARDS) WHICH IS BEYOND HUGE..BECAUSE THAT CHANGE RESULTED IN COMPLIANCE WITH IFRS..(INTERNATIONAL FINANCIAL REPORTING STANDARDS) WHICH ALL PUBLICLY TRADED COMPANIES IN GLOBAL STOCK MARKETS AND BOURSES USE...
....
Q: [the ISX said in an article recently they would be fully ready by end of year. does that in any way hamper the chances of Iraq moving to a market economy by mid year?]
rcookie : THE END OF YEAR STATEMENT FROM ISX HAS TO DO WITH NEW ELECTRONIC TRADING PLATFORM...
THEY ALREADY HAVE IN PLACE THESE REGIONAL FINANCIAL HUBS...WHICH WILL PROCESS THE DATA FROM THE 2 EXCHANGES AND TRANSMIT TO THESE REGIONAL CENTERS WHO WILL TRANSMIT TO THE BANKS AND BROKERAGE HOUSES FOR TRADING BUSINESS WITH THE PUBLIC...
MORE IMPORTANTLY...ONE OF THE MOST IMPORTANT CBI ANNOUNCEMENTS THIS YEAR ON JAN 7TH....WAS THE DIRECTIVE FROM CBI FOR ALL BANKS AND FINANCIAL INSTITUTIONS IN IRAQ TO MIGRATE FROM UAS (UNIVERSAL ACCOUNTING STANDARDS) TO IAS (INTERNATIONAL ACCOUNTING STANDARDS) WHICH IS BEYOND HUGE..BECAUSE THAT CHANGE RESULTED IN COMPLIANCE WITH IFRS..(INTERNATIONAL FINANCIAL REPORTING STANDARDS) WHICH ALL PUBLICLY TRADED COMPANIES IN GLOBAL STOCK MARKETS AND BOURSES USE...
....
WingIt:
Monday Conference Call Replay with Gerry Maguire 4-25-16
Guests are Art, Iko Ward, Yosef and more……
http://ift.tt/1SFS8yy
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WSOMN:
AdminBill: REPORTED NEWS FROM CONTACTS: EXCHANGE CENTERS ARE SECURED. NO MORE SHARED INFO UNTIL DONE. INFO CONTINUES WITH AGREEMENT RAYRREN MEMO STATEMENT. THIS INFO WAS PROVIDED EARLIER TODAY BEFORE RAYREN CALL.
Greenrage: AIN'T NOTHING GETTING DONE WITH THE RV/GCR AND PROSPERITY PROGRAMS WITHOUT THE OITC'S INVOLVEMENT" ~
Gary Larrabee ** https://youtu.be/-pYPz1CvDYs
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TNT:
SassyD: U.S. Government [taxpayers] Is Now a Major Counterparty to Wall Street Derivatives -- April 21, 2016 -- http://ift.tt/1SFS5Tq
SassyD: While America Debates the $20 Bill, China Moves Closer to Gold -- 04/21/2016 -- http://ift.tt/1NurTvU
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KTFA:
Harvesttime: I have a question and in no way is it meant to be disrespectful. I'm just wanting to make sure I'm understanding correctly. Was it stated on the IMF for 3 hours that Iraq is Article 8 compliant? RE:LINK
Did Backdoc or anyone on the forum actually read it on the IMF website?
Just wanting to make sure I am clear on things. Thank you Backdoc and all others for keeping us soooo informed. We are blessed to have this sight with so many individuals that are willing to share the information they so diligently study
.
Aggiedad77: Understand your question quite well Harvestime.......just as with all things presented outside of the information/intel and opinions of Frank and his TEAMS.....much the same as Frank couches his info....IMO....or IOO......unless it comes with a link to show proof treat it as a rumor until proven otherwise.....IMO. Aloha Randy
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Aggiedad77: This is where IMO..(See article below) ...Abadi needs to exercise the power and muscle that he has and truly put Article 61 to full use.....kick Parliament once and for all.....get the blessings of President Masum....
I think he actually has that from a meeting they had a week or so ago......dump them on the street fully exposed, no immunity......if these bozos continue to work against the good of the nation and the people......this garbage of "sit-ins" and walking out on Parliament sessions is not what they get paid to do....this has to be the ones who have the most to lose by Abadi advancing his cabinet forward....
Well so be it.....let them lose and lose big....they can hold elections to bring in another Parliament.....it's time to say "Play Ball".......batter up......Sultan of Swat.....Abadi in the box......JMHO. Aloha Randy
Doodlebug: Sitters MPs refuse to attend tomorrow's meeting, headed by al-Jubouri
Special - balances News - MP Mutassim Iskandar and berries, on Monday, the House of Representatives of the protesters refused to attend parliament tomorrow's meeting chaired by Salim al-Jubouri.
Said Tut's / balances News /, that "the House of Representatives of the protesters held a meeting today took the attitude of tomorrow's meeting," noting that "the protesters decided not to attend tomorrow's meeting chaired by Salim al-Jubouri."
He added that "the House of Representatives of the protesters decided to stop all kinds of dialogue with the former president," calling on the presidency of parliament to the "commitment of the Federal Court's decision, which stated that the aggrieved from any decision of the Council of Representatives go to court to resolve the conflict."
The Parliament Speaker Salim al-Jubouri called, today, members of parliament to attend Tuesday's hearing to be held by the Council, stressing that it will be the 29th meeting Chamlh.anthy
LINK
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Naphtali: Oh my goodness... this is hopeful!
Doodlebug: Iraq Stock Exchange holiday 3 days
Direct: Iraq Stock Exchange said on Monday that it will disrupt their business in the first three days of the month of May.
The bourse said in a statement on its website, the last working day is next Thursday, April 28, and return to work on Wednesday, May 4 next year.
And the disruption of its stock over three days on the occasion of Eid workers, and other religious occasions, according to the market.
Iraq is witnessing and the main index at this time, a fall of 0.59%, at 597.2 points, losing 3.26 points.
LINK
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Doodlebug: PARLIAMENT AGENDA FOR TUESDAY, 26 APRIL 2016
The meeting 's agenda No. (25) Tuesday 26 April 2016
04/26/2016
First, read verses from the Koran.
Second, discuss the issue of the dismissal of the Presidency of the Council.
Third: to host the President of the Council of Ministers on the subject of the reshuffle.
Fourth: report and discuss the draft second amendment to the Law of the Federation of Iraqi Chambers of Commerce Law No. (43) for the year 1989. (Committee on Economy and Investment, the Finance Committee, the Committee on civil society institutions), (6 items).
Fifth: report and discuss the draft accession of the Republic of Iraq to the International Convention for the Prevention of Pollution from Ships 1973 law (the Foreign Relations Committee, the Commission services and reconstruction, to the Committee on Health and the Environment). (2 items).
Sixth: The report and discussion of the draft law supporting the doctors. (For the Health and Environment Committee, the Legal Committee). (11 articles).
Seventh: The report and discussion of the bill abolishing the Coalition Provisional Authority Order Act (now defunct) No. 68 of 2004 (the Security and Defense Committee, the Legal Committee). (3 items).
Eighth: The quarterly report of the activities of the Committee of the Regions and governorates not organized in a region.
Ninth: The quarterly report of the activities of the Committee of Religious Endowments and Religious Affairs .
Session starts at: one in the afternoon.
LINK
MountWalkingstick: LOI/ BANKING REFORM.............................
Rasheed Bank: We completed 98% of the banks restructuring
04/25/2016
BAGHDAD / Karim Jassim al-Tai / .. Rasheed Bank director general of the Ministry of Finance Mohamed Abdel Wahab revealed the completion of 98% of the banks restructuring Stressing that this process Stnmah powers and greater flexibility to the work of banks in Iraq.
Said Abdul Wahab, in a statement singled out by the agency / KD / economic: that all banks in Iraq are included structuring Indicating that the bank completed 98% of the re-structure was approved by the Board of Directors and sent his family and the Ministry of Finance.
He said Abdul Wahab said the bank waiting for the approval and ratification by the House of Representatives on the current Banking Act for the purpose of approving restructuring of the Rasheed Bank and other banks Alaovernmah.
He noted that the law presented to the members of the House of Representatives and has read the first reading, and there is a second reading of the law restructuring the banks Aovernmah.mnoha that this law regaining financial and legal follow-up Committee in the House of Representatives.
He pointed Abdul Wahab that the adoption of this law will be given the powers and flexibility and movement of a larger work of banks in Iraq, according to the new law Stressing that the bank will begin to open new branches if the passage of the new law to be added to its branches throughout Iraq and the (151) branch. / End / 22 /
http://ift.tt/1NurTvY
Mountainman: SO ARE WE 98% CLOSER TO RV !!!!! lol
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DELTA: FAMILY THIS ARTICLE FROM 2013 ENJOY!!!
World Bank restructure the Rafidain and Rasheed in order to raise the value of the Iraqi dinar
Published on Sunday, 24 March / March 2013 15:39 | Written by: MW / AR / N | |
BAGHDAD / obelisk: counting and Planning Minister Ali Shukri, Sunday, announced the World Bank to start implementing his plans to restructure the government banks Rafidain and Rasheed "It's an important step was waiting for Iraq to raise the value of the dinar."
Said Shukri for "obelisk", "The announcement of the World Bank to begin implementation of its plans to restructure the Rafidain Bank and Rasheed Bank government is an important step had been waiting Iraq," noting that "financial welcomed move the World Bank in this direction because this restructuring will ensure the country make the most of these institutions big human Bakdarathma and expertise accumulated by the cadres and joint coordination to guide these estimators. "
He added that "the Ministry of Finance confirmed that the plans will be the guarantor of restoring Iraqi dinar of his value economic between foreign currencies and this will be part of this plan," explaining that "the banking sector is suffering in general laziness around to institutions consumer is active in the financial sector the most traffic The boom in the economy in general. "
He pointed out that "the World Bank said the Iraqi side that lifted the value of the Iraqi dinar should be a priority as well as he needs to political stability in the country before everything."
Noteworthy that the second Gulf War led to a decline in the value of the Iraqi dinar in an unprecedented way to reach the Iraqi dinar to 0.144 U.S. dollars, which led to cripple the banking sector until the year.
DELTA
Rasheed Bank: We completed 98% of the banks restructuring
04/25/2016
BAGHDAD / Karim Jassim al-Tai / .. Rasheed Bank director general of the Ministry of Finance Mohamed Abdel Wahab revealed the completion of 98% of the banks restructuring Stressing that this process Stnmah powers and greater flexibility to the work of banks in Iraq.
Said Abdul Wahab, in a statement singled out by the agency / KD / economic: that all banks in Iraq are included structuring Indicating that the bank completed 98% of the re-structure was approved by the Board of Directors and sent his family and the Ministry of Finance.
He said Abdul Wahab said the bank waiting for the approval and ratification by the House of Representatives on the current Banking Act for the purpose of approving restructuring of the Rasheed Bank and other banks Alaovernmah.
He noted that the law presented to the members of the House of Representatives and has read the first reading, and there is a second reading of the law restructuring the banks Aovernmah.mnoha that this law regaining financial and legal follow-up Committee in the House of Representatives.
He pointed Abdul Wahab that the adoption of this law will be given the powers and flexibility and movement of a larger work of banks in Iraq, according to the new law Stressing that the bank will begin to open new branches if the passage of the new law to be added to its branches throughout Iraq and the (151) branch. / End / 22 /
http://ift.tt/1NurTvY
Mountainman: SO ARE WE 98% CLOSER TO RV !!!!! lol
************
DELTA: FAMILY THIS ARTICLE FROM 2013 ENJOY!!!
World Bank restructure the Rafidain and Rasheed in order to raise the value of the Iraqi dinar
Published on Sunday, 24 March / March 2013 15:39 | Written by: MW / AR / N | |
BAGHDAD / obelisk: counting and Planning Minister Ali Shukri, Sunday, announced the World Bank to start implementing his plans to restructure the government banks Rafidain and Rasheed "It's an important step was waiting for Iraq to raise the value of the dinar."
Said Shukri for "obelisk", "The announcement of the World Bank to begin implementation of its plans to restructure the Rafidain Bank and Rasheed Bank government is an important step had been waiting Iraq," noting that "financial welcomed move the World Bank in this direction because this restructuring will ensure the country make the most of these institutions big human Bakdarathma and expertise accumulated by the cadres and joint coordination to guide these estimators. "
He added that "the Ministry of Finance confirmed that the plans will be the guarantor of restoring Iraqi dinar of his value economic between foreign currencies and this will be part of this plan," explaining that "the banking sector is suffering in general laziness around to institutions consumer is active in the financial sector the most traffic The boom in the economy in general. "
He pointed out that "the World Bank said the Iraqi side that lifted the value of the Iraqi dinar should be a priority as well as he needs to political stability in the country before everything."
Noteworthy that the second Gulf War led to a decline in the value of the Iraqi dinar in an unprecedented way to reach the Iraqi dinar to 0.144 U.S. dollars, which led to cripple the banking sector until the year.
DELTA
via Dinar Recaps - Our Blog http://ift.tt/1SFS5Ty
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