Post From BondLadys Corner
BondLady & Tlm724 News & Comments 5-18-16 Part 1 of 2
Tamimi: the auction of the currency has become the door to corruption and some of it reaps million dollars a month
economy Since 18/05/2016 16:37 pm (Baghdad time) Special - balances News
He called on the parliamentary finance committee member Majda al-Tamimi, on Wednesday, to cancel the auction of the currency at the central bank and opened for credits Sindhi, indicating that the auction sale of the currency has become the door to corruption and some earns him a month to $ million profit without dinars owns.
She said Tamimi's / balances News / "The auction of the currency has become the door to corruption and there are people with money are traded bank and the banks," noting that "some people have reached their profits to a million dollars a month they Aimitlkon dinars."
BondLady & Tlm724 News & Comments 5-18-16 Part 1 of 2
Tamimi: the auction of the currency has become the door to corruption and some of it reaps million dollars a month
economy Since 18/05/2016 16:37 pm (Baghdad time) Special - balances News
He called on the parliamentary finance committee member Majda al-Tamimi, on Wednesday, to cancel the auction of the currency at the central bank and opened for credits Sindhi, indicating that the auction sale of the currency has become the door to corruption and some earns him a month to $ million profit without dinars owns.
She said Tamimi's / balances News / "The auction of the currency has become the door to corruption and there are people with money are traded bank and the banks," noting that "some people have reached their profits to a million dollars a month they Aimitlkon dinars."
She added, "The ideal solution is to open the door of the Sindhi credits and cancel the auction of currency Add to reconsider salaries presidencies Iraq to be safe for the financial hardship and provide a lot of money instead of flooding the country's international debt."
And was a member of the parliamentary finance committee Magda Tamimi confirmed, on Tuesday, not the need for Iraq to IMF loan being will be a door for corruption and bear the consequences of the Iraqi people, while critical of the governor of the World Bank move to demand the loan and the sale of the bank a day more than $ 126 million in less Altkadirat.anthy 29 / h 33 LINK
[tlm724] The auction of the currency has become the door to corruption and there are people with money are traded bank and the banks," noting that "some people have reached their profits to a million dollars a month they Aimitlkon dinars.
[tlm724] The ideal solution is to open the door of the Sindhi credits and cancel the auction of currency
[tlm724] *hallelujah* sing it
[Shredd] yeah it's been out of control for a long time
[Shredd] would be the case in any country where they are operating in a dual currency regime
[tlm724] Shredd gotta a question, how else can Iraq pay for their imports besides the dollar ?
[Shredd] which is why it is uncommon and imperative for Iraq to get out of asap
[Shredd] electronic funds, the dinar when it has a reasonable carry, trade agreements
[tlm724] so there are alternatives then
[Shredd] from what I've read, yes
[tlm724] good to know, tyvm
http://ift.tt/1RbqXri
~~~~~~~~~~~~~
Urgent .. source of central bank: to deprive financial firms from the auction currency for funding Daash
History of edits:: 05/19/2016 12:35 {Baghdad: Euphrates News} A source at the Central Bank of Iraq, depriving a number of financial companies to participate in the bank's auction for the sale of foreign currency, so as to dealing with gangs and funding Daash follows ..
http://ift.tt/1ThD6m4
[tlm724] so the CBI knows who is buying dollars for the terrorists, hope to hail they know what their doing and get the fed involved
[tlm724] Alak isn't the brightest bulb in the chandelier, they really do need to eliminate the auction
[Shredd] we've seen articles over the past years how this manipulation is robbing the citizens and funding the criminals and terrorists
[Shredd] if they have a single currency that is useful and practical, the exchange crime goes away
[Shredd] there won't be confusion around the value
[Shredd] but what I will be interested to see is the period of time during which the dinar gains value and stabilizes
[Shredd] goods and services pricing, price gouging, etc
[tlm724] how many freak out when the auction stops
[Shredd] which is why I felt a managed float for a period of time made sense, eventually moving to a float , but we wait and see
[Shredd] right
[tlm724] I like a managed float to start with , lets get underway Wink
http://ift.tt/1Rbr32b
~~~~~~~~~~~~
Bantrza source: punish financial firms impact on the dollar and raise the sales price} {Extended
History of edits:: 05/19/2016 14:01 {Baghdad} Euphrates News attributed the source at the Central Bank of Iraq, the high price of the dollar against the Iraqi dinar, to the lower central bank sales of foreign currency which causes punish some financial companies and the denial of participation in the auction currency.
The source told {Euphrates News}, said that the rise in the dollar against the Iraqi dinar, a return to the "low central bank sales of the dollar in the auction for the sale of foreign currency, because the supply does not meet demand, which means that demand is more than supply."
He added that " Bank procedures, in the recent period with the banks and the banking and financial transformation, becoming harsh in terms of sanctions, which include the denial of entry of an auction of foreign currency sale for a month with the approval of the governor, which affects the sales of the bank as there became a shortage, lack of corporate income to the auction leads to a lack of width dollar. "
the source explained , " it was to deprive many companies to participate in the auction, based on the penalties to be applied from the central bank for violating the directive, as there are companies dealing with Daash according to what came to us from the information, has been deprived of the auction to further notice until the check that its dealings with Daash in funding be returned to the auction. "
He noted , " the economic recession, lack of confidence in dinars and preference citizens retained instead of the dinar to the dollar because of the ease keep it, leads to a rise of the dollar against the dinar. "
and recorded the currency markets a remarkable increase of the price of the dollar against the Iraqi dinar, as the price of the currency reached US $ 100 bills to 129 thousand Iraqi dinars.
he was a member of the parliamentary Finance Committee Sirhan Ahmed, explained on the ninth of this May, for {Euphrates News} " the low central bank sales of the dollar led to rise against Iraqi dinar. "
Ahmed said," the central bank sales of the dollar fell, and thus caused this decline to the rise in the dollar against the Iraqi parents, "appealing to the central bank to raise larger amounts of dollar in the local market, adding that" the rise of the dollar against the Iraqi dinar would negatively affect on the Iraqi economy. "
the Governor of the Central Bank and the agency on the Keywords, announced on 23 March last, about the bank 's intention to reduce sales of the dollar by 50% for the year 2016 this, stressing the need to take into account supply and demand.
Keywords and said in a televised interview, said that "rationing is the bank's dollar selling by auction conducted by, where we started to cut these sales in 2015, which amounted to 25% compared to the previous year , " pointing out that "the year 2016 perhaps we will reach this sales decrease by 40 to 50 % from the previous year , ".anthy 1
http://ift.tt/1ThCTiS;
And was a member of the parliamentary finance committee Magda Tamimi confirmed, on Tuesday, not the need for Iraq to IMF loan being will be a door for corruption and bear the consequences of the Iraqi people, while critical of the governor of the World Bank move to demand the loan and the sale of the bank a day more than $ 126 million in less Altkadirat.anthy 29 / h 33 LINK
[tlm724] The auction of the currency has become the door to corruption and there are people with money are traded bank and the banks," noting that "some people have reached their profits to a million dollars a month they Aimitlkon dinars.
[tlm724] The ideal solution is to open the door of the Sindhi credits and cancel the auction of currency
[tlm724] *hallelujah* sing it
[Shredd] yeah it's been out of control for a long time
[Shredd] would be the case in any country where they are operating in a dual currency regime
[tlm724] Shredd gotta a question, how else can Iraq pay for their imports besides the dollar ?
[Shredd] which is why it is uncommon and imperative for Iraq to get out of asap
[Shredd] electronic funds, the dinar when it has a reasonable carry, trade agreements
[tlm724] so there are alternatives then
[Shredd] from what I've read, yes
[tlm724] good to know, tyvm
http://ift.tt/1RbqXri
~~~~~~~~~~~~~
Urgent .. source of central bank: to deprive financial firms from the auction currency for funding Daash
History of edits:: 05/19/2016 12:35 {Baghdad: Euphrates News} A source at the Central Bank of Iraq, depriving a number of financial companies to participate in the bank's auction for the sale of foreign currency, so as to dealing with gangs and funding Daash follows ..
http://ift.tt/1ThD6m4
[tlm724] so the CBI knows who is buying dollars for the terrorists, hope to hail they know what their doing and get the fed involved
[tlm724] Alak isn't the brightest bulb in the chandelier, they really do need to eliminate the auction
[Shredd] we've seen articles over the past years how this manipulation is robbing the citizens and funding the criminals and terrorists
[Shredd] if they have a single currency that is useful and practical, the exchange crime goes away
[Shredd] there won't be confusion around the value
[Shredd] but what I will be interested to see is the period of time during which the dinar gains value and stabilizes
[Shredd] goods and services pricing, price gouging, etc
[tlm724] how many freak out when the auction stops
[Shredd] which is why I felt a managed float for a period of time made sense, eventually moving to a float , but we wait and see
[Shredd] right
[tlm724] I like a managed float to start with , lets get underway Wink
http://ift.tt/1Rbr32b
~~~~~~~~~~~~
Bantrza source: punish financial firms impact on the dollar and raise the sales price} {Extended
History of edits:: 05/19/2016 14:01 {Baghdad} Euphrates News attributed the source at the Central Bank of Iraq, the high price of the dollar against the Iraqi dinar, to the lower central bank sales of foreign currency which causes punish some financial companies and the denial of participation in the auction currency.
The source told {Euphrates News}, said that the rise in the dollar against the Iraqi dinar, a return to the "low central bank sales of the dollar in the auction for the sale of foreign currency, because the supply does not meet demand, which means that demand is more than supply."
He added that " Bank procedures, in the recent period with the banks and the banking and financial transformation, becoming harsh in terms of sanctions, which include the denial of entry of an auction of foreign currency sale for a month with the approval of the governor, which affects the sales of the bank as there became a shortage, lack of corporate income to the auction leads to a lack of width dollar. "
the source explained , " it was to deprive many companies to participate in the auction, based on the penalties to be applied from the central bank for violating the directive, as there are companies dealing with Daash according to what came to us from the information, has been deprived of the auction to further notice until the check that its dealings with Daash in funding be returned to the auction. "
He noted , " the economic recession, lack of confidence in dinars and preference citizens retained instead of the dinar to the dollar because of the ease keep it, leads to a rise of the dollar against the dinar. "
and recorded the currency markets a remarkable increase of the price of the dollar against the Iraqi dinar, as the price of the currency reached US $ 100 bills to 129 thousand Iraqi dinars.
he was a member of the parliamentary Finance Committee Sirhan Ahmed, explained on the ninth of this May, for {Euphrates News} " the low central bank sales of the dollar led to rise against Iraqi dinar. "
Ahmed said," the central bank sales of the dollar fell, and thus caused this decline to the rise in the dollar against the Iraqi parents, "appealing to the central bank to raise larger amounts of dollar in the local market, adding that" the rise of the dollar against the Iraqi dinar would negatively affect on the Iraqi economy. "
the Governor of the Central Bank and the agency on the Keywords, announced on 23 March last, about the bank 's intention to reduce sales of the dollar by 50% for the year 2016 this, stressing the need to take into account supply and demand.
Keywords and said in a televised interview, said that "rationing is the bank's dollar selling by auction conducted by, where we started to cut these sales in 2015, which amounted to 25% compared to the previous year , " pointing out that "the year 2016 perhaps we will reach this sales decrease by 40 to 50 % from the previous year , ".anthy 1
http://ift.tt/1ThCTiS;
[Shredd] I really hope this continues
[Shredd] the CBI adjusts the auction sales to maintain not only supply but price which of course are dependent on each other
[Shredd] once the dinar is actually representative of its true value, the market will drive value of their dinar
[Shredd] fair market value is what its called
[Shredd] The value of currency is determined by its selling and purchase price as a commodity. The Fair Market Value of a currency is based on the agreed amount at which it is bought and sold.
[Shredd] The economic condition of a country, such as employment rates and opportunities for growth, is examined when comparing its currency to another country.
[Shredd] Currencies of prosperous countries are then given a higher value than the currency of economically struggling nations.
[Shredd] which is why Iraq is sitting pretty, they are the 23 wealthiest country in regards to reserves last time I checked
[Shredd] oil, recovering agriculture, improving infrastructure and a country ripe for investment sets a good stage
[Shredd] stability is the bottle neck though
[Shredd] security, economic and political (same ol, same ol) but the loans being taken as of late are a continued good sign, believe it or not
[Shredd] loans are good because it maintains the operating cushion of the borrower
[Shredd] loans are better than relief funds, for us that is
[Shredd] from the aggregate of news we've seen, it seems the move to a market economy may come first with the resulting float of the dinar
[tlm724] like the sound of that
[shunshine] me too lol
[cstacy] me 3 lol
[Shredd] lol
[RCS1947] well hitch up the wagon
[tlm724] RCS1947 lol
http://ift.tt/1RbqR30
~~~~~~~~~~~~~~~
[Shredd] the CBI adjusts the auction sales to maintain not only supply but price which of course are dependent on each other
[Shredd] once the dinar is actually representative of its true value, the market will drive value of their dinar
[Shredd] fair market value is what its called
[Shredd] The value of currency is determined by its selling and purchase price as a commodity. The Fair Market Value of a currency is based on the agreed amount at which it is bought and sold.
[Shredd] The economic condition of a country, such as employment rates and opportunities for growth, is examined when comparing its currency to another country.
[Shredd] Currencies of prosperous countries are then given a higher value than the currency of economically struggling nations.
[Shredd] which is why Iraq is sitting pretty, they are the 23 wealthiest country in regards to reserves last time I checked
[Shredd] oil, recovering agriculture, improving infrastructure and a country ripe for investment sets a good stage
[Shredd] stability is the bottle neck though
[Shredd] security, economic and political (same ol, same ol) but the loans being taken as of late are a continued good sign, believe it or not
[Shredd] loans are good because it maintains the operating cushion of the borrower
[Shredd] loans are better than relief funds, for us that is
[Shredd] from the aggregate of news we've seen, it seems the move to a market economy may come first with the resulting float of the dinar
[tlm724] like the sound of that
[shunshine] me too lol
[cstacy] me 3 lol
[Shredd] lol
[RCS1947] well hitch up the wagon
[tlm724] RCS1947 lol
http://ift.tt/1RbqR30
~~~~~~~~~~~~~~~
via Dinar Recaps - Our Blog http://ift.tt/1ThCLQs
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