Post From Dinar Updates
Chat Room Excerpts & Highlights
BGG News Time & Chat 6-29-16 Part 1 of 2
BGG says(): Ok - here we go...
BGG says():1st piece... from today.
BGG says():Parliamentary reveal financial operations "a new gimmick to manipulate prices the dollar" and asserts: loans will go to the mafias
BGG says():Parliamentary Finance Committee revealed on Wednesday, on the operations of a "new gimmick" to manipulate prices the dollar, and accused the exchange companies and banks eligibility to stand behind it, and as I came back to government loans "will not achieve" its goal of being will go to "the pockets of the mafia" economic, economist stressed that those loans will reduce the dollar exchange rate because it will stimulate employment and production sectors.
She said the Parliamentary Finance Committee member Majida al-Tamimi said in an interview to the (long-Presse), "The instability of the dollar exchange rate in Iraq is due to influenced by internal and external factors," noting that "monetary policy and the auction of the currency too much impact on the dollar exchange rate."
~~~
Chat Room Excerpts & Highlights
BGG News Time & Chat 6-29-16 Part 1 of 2
BGG says(): Ok - here we go...
BGG says():1st piece... from today.
BGG says():Parliamentary reveal financial operations "a new gimmick to manipulate prices the dollar" and asserts: loans will go to the mafias
BGG says():Parliamentary Finance Committee revealed on Wednesday, on the operations of a "new gimmick" to manipulate prices the dollar, and accused the exchange companies and banks eligibility to stand behind it, and as I came back to government loans "will not achieve" its goal of being will go to "the pockets of the mafia" economic, economist stressed that those loans will reduce the dollar exchange rate because it will stimulate employment and production sectors.
She said the Parliamentary Finance Committee member Majida al-Tamimi said in an interview to the (long-Presse), "The instability of the dollar exchange rate in Iraq is due to influenced by internal and external factors," noting that "monetary policy and the auction of the currency too much impact on the dollar exchange rate."
~~~
And praised al-Tamimi, "the central bank decided to impose sanctions on the exchange companies or banks that do not sell the dollar at the official rate set," revealing "the exchange companies out fraud by selling the dollar more than the official price without being subjected to the death."
BGG says():She said Tamimi, "The owner of the company is selling the dollar, which he got from the auction currency of one of its partners at the official rate on according to official receipts," pointing out that "the partner sells the dollar far ahead of the official price set for the citizen without the central bank to be able to hold him accountable because it does not It holds official status. "
Tamimi confirmed, that "the dollar's exchange rate is subject to fraud and manipulation operations followed by banking companies and banks participating in the auction of the currency", expressing astonishment, of "not to impose sanctions on participants that fraud and manipulation."
He promised al-Tamimi, a deputy from the Liberal bloc, "Many companies and banks, which by a lot of question marks participate in the auction of the currency," noting that those "are companies and banks controlled auction sale currency and the dollar exchange rate."
BGG says():And on the Cabinet's decision to limit the purchase of currency registered with the Ministry of Commerce companies, described al-Tamimi, the "good" afterthought by saying, "But it's better to cancel the auction of the currency and go to the Sindhi credits."
She pointed to a member of the Finance Committee, that "the actual stability of the currency mortgage transforming the Iraqi economy into a product which raises the value of the dinar."
In another context, Al-Tamimi confirmed that "a lot of corruption taints government loans operations for citizens, industrialists and peasants", stressing that "the economic mafia is controlled on those loans."
BGG says():Tamimi has ruled that "the aim of the government loans achieved or that positive in the economy or contribute to the development of the country affect", citing reasons that it "will go into the pockets of economic mafias and gangs."
For his part, the economic expert on behalf of Jamil Antoine, in an interview to the (long-Presse), said that "some banks and companies that participate in the auction of dollar behave behaviors is committed to affecting the exchange rate."
He said Antoine, that "some of those companies and banks own methods that enable them to sell the dollar on the black market away from the central bank and controls censorship," returned to "stabilize the dollar exchange rate can not be achieved in a short period of being a process linked to the price of oil."
He noted economic expert, that "the government bond exchange and payments to contractors, will move the domestic market and leads to a state of relative stability," stressing that "the granting of government loans will reduce the dollar exchange rate against the dinar because it will activate the various work and production sectors, thus reducing import."
BGG says():Credit to Loop for that one!! Great job Loopster!!
BGG says():(NOT Lopster - big diff)
MrsBGG says():Please hold a minute, thank you :)
BGG says():This piece is mainly highlighting the last few stages of "push - pull" before MAJOR ECONOMIC REFORM kicks off...
BGG says():I boiled all that down to one sentence. :D
clay01 says():What happened to them doing away with the auctions
BGG says to clay01():As of today - they were saying that would be a better option, but until then - this will have to do... (as in removing the auctions altogether).
clay01 says():thanks BGG
BGG says():From what I can gather.
BGG says():BTW - I am not entirely surprised - nor that upset about this recent Fed Court Ruling, this will ultimately end in reforms for Iraq... what the exact route looks like... who knows.
BGG says():Here's another bit of News before we get going on...
BGG says():I left the ALAK interview on THE BLOG today... and will until tomorrow... you really should go read it MAJOR PIECE of news.
BGG says():http://ift.tt/1gVHrsb - save that link.
BGG says():then stay tuned for the "AFTER CALL LIVE"...
BGG says():so much for the "chat party"... :D
BGG says():BTW - for everyone here, I'm changing course on the call for tonite... we're gonna' release the recording from the Monday nite "AFTER CALL" as a streaming call for tonite... you will all like that :D
subgirl says to BGG():(y)
BGG says():and I will have a BOMBSHELL OF A CALL coming soon.
jtank says():(y)
BGG says():Maybe tomorrow.
BGG says():a couple of quick comments... before we move on.
BGG says():It looks abundantly clear to me - once the IMF support package and IMF oversight was in place, the political climate in Iraq changed almost overnite. Not perfect, but everyone was moving like something is on the line...
BGG says():which...
BGG says():it is.
BGG says():She said Tamimi, "The owner of the company is selling the dollar, which he got from the auction currency of one of its partners at the official rate on according to official receipts," pointing out that "the partner sells the dollar far ahead of the official price set for the citizen without the central bank to be able to hold him accountable because it does not It holds official status. "
Tamimi confirmed, that "the dollar's exchange rate is subject to fraud and manipulation operations followed by banking companies and banks participating in the auction of the currency", expressing astonishment, of "not to impose sanctions on participants that fraud and manipulation."
He promised al-Tamimi, a deputy from the Liberal bloc, "Many companies and banks, which by a lot of question marks participate in the auction of the currency," noting that those "are companies and banks controlled auction sale currency and the dollar exchange rate."
BGG says():And on the Cabinet's decision to limit the purchase of currency registered with the Ministry of Commerce companies, described al-Tamimi, the "good" afterthought by saying, "But it's better to cancel the auction of the currency and go to the Sindhi credits."
She pointed to a member of the Finance Committee, that "the actual stability of the currency mortgage transforming the Iraqi economy into a product which raises the value of the dinar."
In another context, Al-Tamimi confirmed that "a lot of corruption taints government loans operations for citizens, industrialists and peasants", stressing that "the economic mafia is controlled on those loans."
BGG says():Tamimi has ruled that "the aim of the government loans achieved or that positive in the economy or contribute to the development of the country affect", citing reasons that it "will go into the pockets of economic mafias and gangs."
For his part, the economic expert on behalf of Jamil Antoine, in an interview to the (long-Presse), said that "some banks and companies that participate in the auction of dollar behave behaviors is committed to affecting the exchange rate."
He said Antoine, that "some of those companies and banks own methods that enable them to sell the dollar on the black market away from the central bank and controls censorship," returned to "stabilize the dollar exchange rate can not be achieved in a short period of being a process linked to the price of oil."
He noted economic expert, that "the government bond exchange and payments to contractors, will move the domestic market and leads to a state of relative stability," stressing that "the granting of government loans will reduce the dollar exchange rate against the dinar because it will activate the various work and production sectors, thus reducing import."
BGG says():Credit to Loop for that one!! Great job Loopster!!
BGG says():(NOT Lopster - big diff)
MrsBGG says():Please hold a minute, thank you :)
BGG says():This piece is mainly highlighting the last few stages of "push - pull" before MAJOR ECONOMIC REFORM kicks off...
BGG says():I boiled all that down to one sentence. :D
clay01 says():What happened to them doing away with the auctions
BGG says to clay01():As of today - they were saying that would be a better option, but until then - this will have to do... (as in removing the auctions altogether).
clay01 says():thanks BGG
BGG says():From what I can gather.
BGG says():BTW - I am not entirely surprised - nor that upset about this recent Fed Court Ruling, this will ultimately end in reforms for Iraq... what the exact route looks like... who knows.
BGG says():Here's another bit of News before we get going on...
BGG says():I left the ALAK interview on THE BLOG today... and will until tomorrow... you really should go read it MAJOR PIECE of news.
BGG says():http://ift.tt/1gVHrsb - save that link.
BGG says():then stay tuned for the "AFTER CALL LIVE"...
BGG says():so much for the "chat party"... :D
BGG says():BTW - for everyone here, I'm changing course on the call for tonite... we're gonna' release the recording from the Monday nite "AFTER CALL" as a streaming call for tonite... you will all like that :D
subgirl says to BGG():(y)
BGG says():and I will have a BOMBSHELL OF A CALL coming soon.
jtank says():(y)
BGG says():Maybe tomorrow.
BGG says():a couple of quick comments... before we move on.
BGG says():It looks abundantly clear to me - once the IMF support package and IMF oversight was in place, the political climate in Iraq changed almost overnite. Not perfect, but everyone was moving like something is on the line...
BGG says():which...
BGG says():it is.
BGG says():Iraq is moving poltically, against corruption, against ISIS (this has to be at the behest of the IMF/WB - who will insist the Sunnis be relieved of this oppression) and in favor of a market economy. BIG TIME!!
BGG says():Cabinet restricts import, export and buy the currency registered with the trade companies
BGG says():Long-Presse / Baghdad - The Cabinet decided on Tuesday, limit import and export process as the companies registered with the Ministry of Commerce, and the establishment of companies "solidarity" Alkmarki holds the clearance process, while select the first of next July as the date for implementation.
He said the Prime Minister Haider al-Abadi's office in an official letter addressed to the ministries and departments not associated and provincial councils entitled (import and export) procedures, I got (the long-Presse), a copy of which,
"The approval got a limited import and export of materials and goods, and buy the currency as Operation companies registered with the registration of companies in the Iraqi Ministry of trade Department, of all materials covered (provided import) leave, or not covered. "
BGG says():He pointed out the book, to "establish a company (solidarity) exclusively holds the clearance process Alkmarki," Nasa that "begins the implementation of paragraphs, starting from the first of next July."
The promise of a book, the Office of the Prime Minister that, it "came in line with the reforms launched by the Prime Minister package, based on the provisions of the Companies Act No. 21 of 1997 as amended, and in order to control the settling accounts Alkmarki and tax procedures for the purpose of regulating the import and export of materials and goods and adjust the traffic movement amounts in foreign currency, including those funded by the Central Bank of Iraq. "
BGG says():Cabinet restricts import, export and buy the currency registered with the trade companies
BGG says():Long-Presse / Baghdad - The Cabinet decided on Tuesday, limit import and export process as the companies registered with the Ministry of Commerce, and the establishment of companies "solidarity" Alkmarki holds the clearance process, while select the first of next July as the date for implementation.
He said the Prime Minister Haider al-Abadi's office in an official letter addressed to the ministries and departments not associated and provincial councils entitled (import and export) procedures, I got (the long-Presse), a copy of which,
"The approval got a limited import and export of materials and goods, and buy the currency as Operation companies registered with the registration of companies in the Iraqi Ministry of trade Department, of all materials covered (provided import) leave, or not covered. "
BGG says():He pointed out the book, to "establish a company (solidarity) exclusively holds the clearance process Alkmarki," Nasa that "begins the implementation of paragraphs, starting from the first of next July."
The promise of a book, the Office of the Prime Minister that, it "came in line with the reforms launched by the Prime Minister package, based on the provisions of the Companies Act No. 21 of 1997 as amended, and in order to control the settling accounts Alkmarki and tax procedures for the purpose of regulating the import and export of materials and goods and adjust the traffic movement amounts in foreign currency, including those funded by the Central Bank of Iraq. "
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