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Saturday, June 11, 2016

Dinar Updates Saturday AM Chat  6-11-16   Part 3 of 3

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Dinar Updates Saturday AM Chat  6-11-16   Part 3 of 3


 rcookie says):The escape of 180 people from the control of Daash south of Mosul towards the peshmerga
 
Written by : mohanad in: June 11, 2016 In: Iraq News No Comments views 29 views print E-mail
 
Nur News / Nineveh It managed 180 people from the inhabitants of the villages south of Mosul to escape from the control of the organization and surrendered to the Peshmerga forces at the center of a drunk.
 
A source in the Peshmerga "The 180 people from their villages south of Mosul today managed to escape from their areas controlled by them Daash organize and access to the heights of the village of Crow within the axis of drunken southeast of Mosul, controlled by the Peshmerga forces."
 ~~~
"The majority of these displaced women and children, and the Peshmerga forces receive them, and to provide immediate relief assistance to them in preparation for their transfer to Depkh camp for displaced people to spend a drunk."
 
The repeated cases of mass flight of families from the control Daash in southern Mosul regions towards the Kurdish Peshmerga forces in recent weeks.
 
rcookie says():ABDUL MAHDI JUST TOLD US IN INK ABOUT THEIR M1 & M2 LEVELS ARE,.....
 
rcookie says():Abdul - Mahdi said in an article and Euphrates News Agency {} received a copy of it on our economy depends mainly cash Cash Economy, and this is a serious manifestation of backwardness, corruption and money laundering. There are about 34 trillion dinars outside the banking session, are traded in the parallel economy, is difficult to control or paid developmental trends intact.
 
This is a big number is a half of the "money supply" based on M1 67 trillion dinars, ie paper currency and coins basis and about 24% of the "money supply" based on M2 (83 trillion dinars, ie M1 plus short - term deposits in banks , mainly by June , and figures , knowing that expressions of M1 and M2 and M3, etc., are different orders of means and tools currency is displayed.
 
Read More : http://ift.tt/1YkBrg2
 
 rcookie says():WHAT IS THERE TO GUESS ABOUT.....
 
rcookie says():he said that the deepening of this fact after the nationalization and the dominance of easy money and the economy rentier and the disintegration of the economy and Mavuath, dip habit banking and the collapse of confidence in the banking system,
 
and the lack of clarity and integrity and fairness of the tax system and the arbitrariness of the state and put her hand on the bank accounts for security reasons, economic or personal.
 
the loss of transparency, fairness and sound policies to fight corruption and money laundering in the country 's economy, led and leads to corruption and money laundering in the parallel economy abroad.
 
note that the economy is "parallel" or "shadow , " or " black ", depending on the Titles, is in the advanced economies as well.
 
http://ift.tt/1YkBrg2
 
rcookie says():HES TALKING ABOUT LIQUIDITY AND CURRENCY VELOCITY ISSUES WITH IQD.....
rcookie says():WHAT DO YOU THINK MR WHITE...
 
wmawhite says to david334():Personally,......I do not care,....float or no float, because if it was to float it would at any point in time be reflecive of its' true value............
 
and, we can all agree ( if we have 1/3 of a brain) that 1182 is not the true value of the IQD. with that stated, then look arounf the neighborhood of the Middle East. Compare Iraq's economy with its neighbors and pick a value that is reflective of the IQD:

1 Egyptian Pound = $0.13
1 Jordanian Dinar = $1.41
1 Qatar Riyal = $0.27
1 Bahraini Dinar $2.65
1 Israeli Shekel = $0.26
1 Saudi Riyal = $0.27
1 United Arab Emirates Dirham = $0.27
1 Omani Riyal = $2.59
1 Kuwaiti Dinar = $3.31
1 Iraqi Dinar $0.00085
 
wmawhite says to rcookie():sorry........I was peaking away
 
david334 says to wmawhite():So the parallel market gets shut down with tight regs and that crushs the real M1 and deposit insurance helps the process?
 
wmawhite says to david334():BINGO
rcookie says():What is the 'Velocity Of Money'
 
The velocity of money is the rate at which money is exchanged from one transaction to another and how much a unit of currency is used in a given period of time. Velocity of money is usually measured as a ratio of GNP to a country's total supply of money.
 
Velocity is important for measuring the rate at which money in circulation is used for purchasing goods and services, as this helps investors gauge how robust the economy is, and is a key input in the determination of an economy's inflation calculation.
 
jarhead says():why is kuwait so much more than the others ??
jarhead says():and omani?
 
wmawhite says to rcookie():I am amazed everyday with what is coming out........such as this information. They are walking the entire world through this process with them............there is no question as to what they are showing us.
 
rcookie says to wmawhite():COMPLETELY AGREED!!..
 
david334 says to wmawhite():Do you think the global investoirs are paying attention? The answer should be =of course but nobody but you guys have tracked it so closely. This isn't like eastern europe .
 
wmawhite says to rcookie():Probably not...............until one fund or group jumps in.........like in the UAE.........then everybody gets in.
 
david334 says to wmawhite():I bounced the ISX off Byron Wien and either he was playing dumb or wasn't foucused. Blackstone is always a step ahead but I dont know on Iraq. The BGG group is the only real research that documents the socio economic progression.
 
david334 says to wmawhite():that has
 
david334 says to wmawhite():Soros in the game? just rumors no meat
wmawhite says to david334():Not everybody knows about everything or every possible investment that is available...............how many millions of investors knew obsolutely nothing about Microsoft until after it had made its run up?????
 
rcookie says():THE ISX RIGHT NOW IS ALMOST ENTIRELY DRIVEN BY BANKING AND TELECOMMUNICATION SECTORS...
 
wmawhite says to david334():Don't care about if Soros or anybody else is in.........people invest in the investment that they are interested in or familar with.
 
david334 says to rcookie():Thats a good point but today there are no returns to be found other than gold. The intuition factor was an absolute necessity, however there is no market liquidity so maybe the big guns had to hold off. I just covered all these maniacs and the live for an edge and Iraq is huge play. India post Modi is kind of a good example but bigger scale of what gonna happen in Iraq
 
david334 says to wmawhite():And your the next Soros in my book
 
rcookie says():THE BANKING SECTOR IS TUMULTUOUS AT BEST WITH RESTRUCTURING AND PRIVATIZATION OS 2 SOB'S AND THE OTHER SECTORS ARE AWAITING FOR THE DUST TO SETTLE ON THE RESTRUCTURING AND PRIVITIZATION OF THE 192 SOE'S....
 
NOT TO MENTION THE IMPLEMENTATION OF IAS AND IFRS STANDARDS FOR PUBLICLY TRADED COMPANIES...
 
ALONG WITH THE RECENT IMPLEMENTATION OF PRIVATE INSURANCE REFORMS AND IMPLEMENTATION TO PROTECT AGAINST BANKRUPTCY...LIQUIDATION AND DEFAULT...
 
david334 says to wmawhite():and your partners
 
wmawhite says to david334):thank you..............but I am much too conservative.........
 
rcookie says():THE ISX HAS ALL THE TECHNOLOGY MECHANISMS IN PLACE AS WELL AS RECENTLY ANNOUNCED PROVINCIAL FINANCIAL CENTERS TRAINED BY LEADING FINANCIAL & ECONOMIC ACADEMICS THST WILL TRANSFER 2 BOURSES DATA TO THESE PROVINCIAL CENTERS AND THEN ON TO BROKERAGE HOUSES AND BANKS...
 
jarhead says():soros needs to be in prison
 
david334 says to geofitness():Thats really fascinating. That the worlds smartest hedge fund managers are not involved because its such an unusual set of circumstances. They will be ther in 6 month to a year and stay for a long time. long term fuel for the market. Thanks
 
david334 says to jarhead():All of the wall street should be
david334 says to wmawhite():To
 
david334 says to wmawhite():Sorry to be there for Iraq is the trade of modern mankind and your conservative inclination aside the puzzel was clear to you quite a while back. Back to intuition and avoidence of crowds resulted in being positioned when no one else was thats all that matters .
 
david334 says to geofitness():Well the serious investors in Iraq I have seen are small emerging market guys like Frontier Capial. Maybe Templeton they should be.
 
david334 says to geofitness():Gonna get my butt off the couch the BGG Blog is downright addicting.
rcookie says():The private sector is able to implement government projects
 
6/11/2016 0:00 BAGHDAD - Farah pumice welcomed two experts to form the Ministry of Planning of a supreme committee to find a partnership between the public and private sectors in the case of the implementation of government projects.
 
Government program and provides document comprehensive reform to encourage the shift towards the private sector, and the resolution of the Iraqi economy headed toward a market economy and abandoning the progressive state from economic activities with the launch of the government to support the productive sectors such as agriculture and industry loans.
 
A positive step promised financial expert Thamer al - Azzawi , a step the Ministry of Planning «positive» and her good future implications if applied according to the plans for Ha.oadav that « the Commission must be its mission to find a genuine partnership with the private sector in the implementation of projects that will be based on the current year 's budget law».
 
a spokesman for the Ministry of planning Abdul - Zahra al - Hindawi , had confirmed in a statement former »Sabah» the objective of the implementation of projects in partnership with the private sector lies in Toviralkhaddmat citizens,
 
 in return it will be to maximize the fiscal revenue of the state, explaining that the Commission divided the project into three sections, the first includes a self - funded government projects, while the second Vsechts projects funded centrally the state budget, while the third section Vinhsr his government projects service.
 
He said al - Azzawi to the necessity that the committee put special clauses to the method of payment of money to private companies in exchange for ensuring the implementation of the project according to the duration of the agreed feat on in accordance with the contract between the parties.
 
policymaking for his part, President of the Federation businessmen expert Reza Ragheb Blibl »Sabah» that the private sector is able to have an important role in shaping economic policy and move toward a market economy, what is a subject of interest after the change process.
 
it is said that a number of ministries recently adopted in the implementation of projects on the Strip private, but there is a need to develop frameworks and mechanisms of action be fruitful larger.
 
He called Blibl to be a partnership between the public and private sectors based on the successful foundations without following the swift measures caused problems in the community.
 
 the partnership between the public and private sectors, according to the studies of experts, in General specific foundations, particularly the mutual recognition of each other 's role and consolidating count in economic life, programs and plans and development strategies reformist.
 
david334 says to rcookie():Thanks rcookie
rcookie says():(y)
 
rcookie says():In the field of banking and insurance consequences of the international sanctions are still influential in the economy
 
6/11/2016 0:00 BAGHDAD Mustafa al - Hashimi said Academy that Iraq 's economy is still suffering greatly as a result of international sanctions imposed on it in the nineties of the last century by the reckless policies of the regime of the former, which has paralyzed almost entirely and caused Dharara adults in the main joints of the Iraqi economy.
 
The economist said the academic Dr. Majid Baidhani that some aspects economic and financial still the consequences of international sanctions suffering what hinders the opening of Iraq 's economy to the world properly. global isolation and explained Baidhani in an interview with «morning» that global isolation experienced by Iraq in the nineties of the last century has affected the development of banking and insurance sectors in particular , and the rest of the sectors in general .
 
although Iraq out of Chapter VII of the UN Charter , but the consequences are still present and influential in the financial and banking sectors on a scale overseas explains the reason for the decline of these sectors due to the isolation experienced by the country.
 
He said the two sectors represent the two pillars of any country 's economy in the the world being the two elements complement each other, especially in the field of attracting foreign capital and employment within the country in projects contribute effectively to the revitalization of internal capital cycle.  
Overseas branches pointed Baidhani that the overseas branches of the Rafidain Bank, for example, affected by international sanctions by freezing its activities and booking money Iraqi as well as the government insurance companies are have been affected by other such sanctions through the province outside her what happened to these two economists paralyzed almost complete because of it,
 
 pointing out that the consequences of the international boycott is still triggered clear in the area of reinsurance global companies with our national companies.
 
 He pointed out the government insurance companies possessed good relations with foreign counterparts before the imposition of sanctions and were thriving in their work , but the course was changed to just the opposite after the year 1991 and has continued so far affected by the lack of awareness of insurance imposed by the circumstances.
 
positive proposals suggested Baidhani reconsider bank branches file in abroad and re - activate the insurance sector and strengthen its relations of international companies would improve the performance of these two sectors in particular that the reasons for the sanctions may still entirely since the spring of 2003.
 
 He called for speeding approached the competent authorities and to start a campaign a big promotion of the work of bank branches abroad and encourage them as they represent investors gate to enter the Iraq developmental their projects needed by the country, indicating the importance that precedes the campaign administrative measures include the promotion of cadres of foreign branches with the blood of new staff with expertise and competence as well as measures limiting red tape and speed up the entry of investment funds into Iraq.
 
He noted that the enjoyment of Iraq , good economic relations with several countries what requires consideration to open branches of government banks in these countries, expressing the hope that attract new branches more investment into the country.
 
the number of branches of the Rafidain Bank currently 161 branches in Iraq , distributed between the provinces and the capital , Baghdad , in addition to the seven overseas branches which both Egypt , Lebanon, United Arab Emirates, Bahrain, Yemen, Jordan, Jabal Amman, while Rasheed Bank possesses no branches outside the country.
 
rcookie says():JABOURI WAS IN NASIRAH INSPECTING ZIGGURAT UR...TO BE ADDED TO WORLD HERITAGE LIST...

rcookie says():HERE IS WHAT IT LOOKS LIKE..

rcookie says():THERE IS ONLY 1 OTHER LEFT OUTSIDE BAGHDAD NOW THAT BABYLON ETEMENANKI WA DESTROYED BY ISIS...


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