Post From Dinar Updates
Chat Room Excerpts & Highlights
RCookie’s Saturday News Recap & PM Chat 6-11-16 Part 2 of 2
rcookie says():Cushioning head of the Baghdad Economic Forum Faris Al Salman said in his speech:
Although the central bank has succeeded in a good foreign cash reserve building in order to mitigate the economic shocks and absorb But Iraq faced represented an economic hurricane terrorizing «Daash»
and what form of consumption of the financial ability of the state toward arming and funding the war against terrorism as well as the destruction of infrastructure in many provinces and the displacement of the population, which in turn added new economic burdens on the government. he said Iraq is fighting terrorism on its territory on behalf of the the world
it is the duty of the Iraqi government 's quest to seek UN resolution is binding on countries in the world that holds their nationalities terrorists because they are citizens with the help of Iraq , financially and militarily and economically to finance the fight against terrorism , not leave it borrows money to pay its employees ' salaries.
~~~
Chat Room Excerpts & Highlights
RCookie’s Saturday News Recap & PM Chat 6-11-16 Part 2 of 2
rcookie says():Cushioning head of the Baghdad Economic Forum Faris Al Salman said in his speech:
Although the central bank has succeeded in a good foreign cash reserve building in order to mitigate the economic shocks and absorb But Iraq faced represented an economic hurricane terrorizing «Daash»
and what form of consumption of the financial ability of the state toward arming and funding the war against terrorism as well as the destruction of infrastructure in many provinces and the displacement of the population, which in turn added new economic burdens on the government. he said Iraq is fighting terrorism on its territory on behalf of the the world
it is the duty of the Iraqi government 's quest to seek UN resolution is binding on countries in the world that holds their nationalities terrorists because they are citizens with the help of Iraq , financially and militarily and economically to finance the fight against terrorism , not leave it borrows money to pay its employees ' salaries.
~~~
He noted that the world Bank , the law also stipulates the need to question the citizen who wants to open the account or who wants to buy the dollar for the source of his money and hardly Iraq is the only country that does not apply this law and that of the duties of the central bank to combat money laundering.
chairman of the Forum of that there are income tax law since the former regime allows the question about the source of income and money and thus avoid «instruments of volatile» and will not advance to buy the currency , but sincere and trader true that request to buy the dollar fall through the auction currency and as a result we maintain hard currency reserves, a proposal to form a work cell at the Central Bank include:
the Central Bank, the General Administration of Customs, the General Administration of taxation, the financial Inspection Office, Chancellery national security, and the judge 's penalty, and is verified request to buy the currency with immediate effect by specialty representative of each department and in the case of a (Mnafist) forged the judge Issadrh as based on a criminal and reserves amount to buy hard currency attached to it.
income tax economist Bassem Jamil stressed the need to send signals to the citizens to attract their savings chunky in homes and cabinets and turn it into a savings investment, and that by raising the interest of the citizen rate to 10 percent or more borrowing ,
rather than from external sources, as well as the need for follow - up sale of dollar sales and whether subject to the channels of the fight against money laundering and anti - smuggling, and it is paid by the income tax? To be an internal resource for the budget.
As for Dr. Jacob Joseph Shonia said , in order to reduce the gap between local expenditure and local revenue to stabilize, there 's assets amounts to sizeable possible to contribute to the improvement of the ratio between local expenditure and local revenue through the sale of productive units defunct of the Ministry of Industry and Minerals ,
or turn it into a mixed joint stock companies form a partnership between the public and private sectors and the number of these plants exceeds two hundred factory note that the legal basis for the conversion process is available in public institutions Act No. 22 of 1997.
He urged to move about the mineral wealth of any investment formats available, perhaps there is willingness by some foreign companies interested in paying payments at the expense of future mineral activity, as well as a survey of the needs of Iraq's infrastructure projects and the requirements of the reconstruction of the affected towns and displaced persons and other compensation, and in the light of that set priorities for the use of loan amounts earned by Iraq and highlighted in the supplementary budgets.
Read More : http://ift.tt/1Uow4uu
rcookie says():Also it must determine the amount of the deficit suffered by Iraq now and in the foreseeable future in order to take into account in the coming years plans.
LINK http://ift.tt/1tkBvA9
rcookie says():OK.....WOW!!!...
sheila3 says to rcookie():your welcome :)
rcookie says():SO...ALAK IN COMPLIANCE WITH WB TOWARD THE LIBERALIZATION OF CAPITAL (CURRENCY EXCHANGE RESTRICTIONS) DOES NOT REQUIRE HALT OF THE CURRENCY AUCTIONS AS LONG AS THE CITIZENS USING IQD TO PURCHASE IT AND ANNOUNCE THEY ARE CONTINUING WITH AUCTIONS TO STABILIZE THE IQD AGAINST THE USD IN THE MARKETPLACE....
rcookie says):ALAK SPOKE AT A SEMINAR FOR STRATEGIC STUDIES IN MESOPPOTAMIA AND ADDRESSED THE IMF LOAN AND HOR APPROVAL (LOL) AND CALLS TO QUESTION MONEY LAUNDERING ACTIVITIES...
sheila3 says to rcookie():(y):)
puffdragon says to rcookie():Rcookie, is this Alak being Alak incompetent or a new direction he is been told to follow ?
rcookie says():POINTS OUT PROBLEM BEING IRAQ DEPENDING ON OIL SALES FOR REVENUES WHICH CAUSES DANGER OF LATE PAYMENTS TO CREDITORS AND WEAK BORROWING POSITION COMPARED AGAINST MORE ECONOMICALLY STABLE COUNTRIES WHO DO NOT EXPERIENCE THESE PROBLEMS AND ARE A REGULAR OCCURENCE IN THEIR PROCEDURES...
puffdragon says to rcookie():Or maybe I misunderstood post ?
puffdragon says to rcookie():Wasnt the auctions the root of money laundering ? I am at a loss here.
wmawhite says to puffdragon():Remember, the governor of the CBI works for a board of directors. He is not the senior person at the CBI.
rcookie says():HE STATES THAT ECONOMIC STABILITY IN ANY COUNTRY IS DEPENDENT ON 3 FACTORS...POLITICAL, INSTITUTIONAL AND ECONOMIC MANAGEMENT...
AND IDENTIFIED THE LATTER AS THE DRIVE ROF HARMONY & COORDINATION BETWEEN FISCAL AND MONETARY POLICY...WHICH ARE LINKED TO THE CAUSE OF THE PROBLEM...
AND MONETARY POLICY CONTROLLED AND REPONSIBILITY OF CBI..WHP AIME TO CONTROL MONEY SUPPLY...AND THAT A WEAKNESS IN THIS AREA LEAD TO INFLATION AND GENERAL PRICE INSTABILITY....
wmawhite says to puffdragon():If they thought he was incompetent they would have canned him. Our opinion of him is through our glasses, not their glasses.
wmawhite says to puffdragon):Any CEO of a public company works not for himself/herself......but works directly for the board of directors of that company.
puffdragon says to wmawhite():The group being the board .
foxmulder says():this is exactly the statement Shabibi has made years ago POLITICAL , iNSTUTIONAL AND ECONOMIC .... we continue to be hopeful !
rcookie says():ALAK STATED THAT PUBLIC SPENDING IN IRAQ IS DETERMINED BYRESOURCES GENERATED BY THE STATE...OF WHICH 90% ARE OIL DRIVEN...AND SUBJECT TO THEIR POSITIONING....AND IDEALLY LOOKING FOR BALANCE BETWEEN EXPENDITURES AND REVENUES (BALANCED BUDGET)
wmawhite says to foxmulder():good point
wmawhite says to rcookie():......and Iraq is making great progress on those three fronts............
foxmulder says to wmawhite():thanks oldtimer !! I am very optomistic ... !
foxmulder says to wmawhite():bout time
wmawhite says to foxmulder():.....yw...........and same here.....very optimistic............
puffdragon says to wmawhite():So the change of continuing the auctions is now ok ? witch in the report says, as long as Iraqis buy the dinar correct ?
wmawhite says to puffdragon():............IMO......auctions are seriously temporary.........
rcookie says():AT THE BAGHDAD ECONOMI FORUM....AL SALMAN STATES THE CBI HAS DONE COMMENDABLE JOB IN FOREIGN CASH RESERVES THAT HAVE BEEN A SAFETY NET TOWARD ECONOMIC SHOCKS..
BUT IRAQ HAS FACED DEEPER CHALLENGES DUE TO ISIS WAR AND RESULTING DESTRUCTION...AND SUPPORT OF DISPLACED ADDING NEW ECONOMIC BURDENS TO IRAQ...
puffdragon says to wmawhite():Thats whats got me confused, thats what I recall being the reality, auctions not a good thing. The weeding out of the corrupt by Abadi has deleted the laundering crooks as to be able to continue auctions temporerily ?
rcookie says():REITERATES THAT IRAQ ISNT THE ONLY COUNTRY WITH AUCTIONS AND THE DUTY OF THE CBI TO COMBAT & PREVENT MONEY LAUNERING...
AND INCOME TAX LOOPHOLES REMAINING FRO PREVIOUS REGIMES THAT DO NOT QUESTION SOURCES OF INCOME AND MONEY WHICH HAS RESULTED IN THE FAILURE OF THE AUCTION PROGRAM AND ITS PURPOSE..
WHICH IS NOW CREATING POLICY RESPONSE FROM THE CBI....
WHICH INCLUDE GENERAL ADMINISTRATION OF CUSTOMS..GENERAL ADMIN OF TAXATION..FINANCIAL INSPECTION OFFICE...AND NATIONAL SECURITY CHANCELLERY WITH LEGAL PREJUDICE..
puffdragon says to rcookie():Thanks rcookie those last explenations helped me to get a grip (y) You ARE GOOD !!
rcookie says():AND NEED TO SEND SIGNAL TO CITIZENS TO ATTRACT THE CHUNKY CURRENCY AND TURN IT INTO SAVINGS AND INVESTMENT AND INCENTIVIZING BY OFFERING LOANS AT 10% INTEREST INSTEAD OF BORROWING FROM OUTSIDE SOURCES (LOAN SHARKS) WHOSE REVENUES BECOME BUDGET RESOURCE...
sarahrose says():I'd love my currency to be chunky!
chairman of the Forum of that there are income tax law since the former regime allows the question about the source of income and money and thus avoid «instruments of volatile» and will not advance to buy the currency , but sincere and trader true that request to buy the dollar fall through the auction currency and as a result we maintain hard currency reserves, a proposal to form a work cell at the Central Bank include:
the Central Bank, the General Administration of Customs, the General Administration of taxation, the financial Inspection Office, Chancellery national security, and the judge 's penalty, and is verified request to buy the currency with immediate effect by specialty representative of each department and in the case of a (Mnafist) forged the judge Issadrh as based on a criminal and reserves amount to buy hard currency attached to it.
income tax economist Bassem Jamil stressed the need to send signals to the citizens to attract their savings chunky in homes and cabinets and turn it into a savings investment, and that by raising the interest of the citizen rate to 10 percent or more borrowing ,
rather than from external sources, as well as the need for follow - up sale of dollar sales and whether subject to the channels of the fight against money laundering and anti - smuggling, and it is paid by the income tax? To be an internal resource for the budget.
As for Dr. Jacob Joseph Shonia said , in order to reduce the gap between local expenditure and local revenue to stabilize, there 's assets amounts to sizeable possible to contribute to the improvement of the ratio between local expenditure and local revenue through the sale of productive units defunct of the Ministry of Industry and Minerals ,
or turn it into a mixed joint stock companies form a partnership between the public and private sectors and the number of these plants exceeds two hundred factory note that the legal basis for the conversion process is available in public institutions Act No. 22 of 1997.
He urged to move about the mineral wealth of any investment formats available, perhaps there is willingness by some foreign companies interested in paying payments at the expense of future mineral activity, as well as a survey of the needs of Iraq's infrastructure projects and the requirements of the reconstruction of the affected towns and displaced persons and other compensation, and in the light of that set priorities for the use of loan amounts earned by Iraq and highlighted in the supplementary budgets.
Read More : http://ift.tt/1Uow4uu
rcookie says():Also it must determine the amount of the deficit suffered by Iraq now and in the foreseeable future in order to take into account in the coming years plans.
LINK http://ift.tt/1tkBvA9
rcookie says():OK.....WOW!!!...
sheila3 says to rcookie():your welcome :)
rcookie says():SO...ALAK IN COMPLIANCE WITH WB TOWARD THE LIBERALIZATION OF CAPITAL (CURRENCY EXCHANGE RESTRICTIONS) DOES NOT REQUIRE HALT OF THE CURRENCY AUCTIONS AS LONG AS THE CITIZENS USING IQD TO PURCHASE IT AND ANNOUNCE THEY ARE CONTINUING WITH AUCTIONS TO STABILIZE THE IQD AGAINST THE USD IN THE MARKETPLACE....
rcookie says):ALAK SPOKE AT A SEMINAR FOR STRATEGIC STUDIES IN MESOPPOTAMIA AND ADDRESSED THE IMF LOAN AND HOR APPROVAL (LOL) AND CALLS TO QUESTION MONEY LAUNDERING ACTIVITIES...
sheila3 says to rcookie():(y):)
puffdragon says to rcookie():Rcookie, is this Alak being Alak incompetent or a new direction he is been told to follow ?
rcookie says():POINTS OUT PROBLEM BEING IRAQ DEPENDING ON OIL SALES FOR REVENUES WHICH CAUSES DANGER OF LATE PAYMENTS TO CREDITORS AND WEAK BORROWING POSITION COMPARED AGAINST MORE ECONOMICALLY STABLE COUNTRIES WHO DO NOT EXPERIENCE THESE PROBLEMS AND ARE A REGULAR OCCURENCE IN THEIR PROCEDURES...
puffdragon says to rcookie():Or maybe I misunderstood post ?
puffdragon says to rcookie():Wasnt the auctions the root of money laundering ? I am at a loss here.
wmawhite says to puffdragon():Remember, the governor of the CBI works for a board of directors. He is not the senior person at the CBI.
rcookie says():HE STATES THAT ECONOMIC STABILITY IN ANY COUNTRY IS DEPENDENT ON 3 FACTORS...POLITICAL, INSTITUTIONAL AND ECONOMIC MANAGEMENT...
AND IDENTIFIED THE LATTER AS THE DRIVE ROF HARMONY & COORDINATION BETWEEN FISCAL AND MONETARY POLICY...WHICH ARE LINKED TO THE CAUSE OF THE PROBLEM...
AND MONETARY POLICY CONTROLLED AND REPONSIBILITY OF CBI..WHP AIME TO CONTROL MONEY SUPPLY...AND THAT A WEAKNESS IN THIS AREA LEAD TO INFLATION AND GENERAL PRICE INSTABILITY....
wmawhite says to puffdragon():If they thought he was incompetent they would have canned him. Our opinion of him is through our glasses, not their glasses.
wmawhite says to puffdragon):Any CEO of a public company works not for himself/herself......but works directly for the board of directors of that company.
puffdragon says to wmawhite():The group being the board .
foxmulder says():this is exactly the statement Shabibi has made years ago POLITICAL , iNSTUTIONAL AND ECONOMIC .... we continue to be hopeful !
rcookie says():ALAK STATED THAT PUBLIC SPENDING IN IRAQ IS DETERMINED BYRESOURCES GENERATED BY THE STATE...OF WHICH 90% ARE OIL DRIVEN...AND SUBJECT TO THEIR POSITIONING....AND IDEALLY LOOKING FOR BALANCE BETWEEN EXPENDITURES AND REVENUES (BALANCED BUDGET)
wmawhite says to foxmulder():good point
wmawhite says to rcookie():......and Iraq is making great progress on those three fronts............
foxmulder says to wmawhite():thanks oldtimer !! I am very optomistic ... !
foxmulder says to wmawhite():bout time
wmawhite says to foxmulder():.....yw...........and same here.....very optimistic............
puffdragon says to wmawhite():So the change of continuing the auctions is now ok ? witch in the report says, as long as Iraqis buy the dinar correct ?
wmawhite says to puffdragon():............IMO......auctions are seriously temporary.........
rcookie says():AT THE BAGHDAD ECONOMI FORUM....AL SALMAN STATES THE CBI HAS DONE COMMENDABLE JOB IN FOREIGN CASH RESERVES THAT HAVE BEEN A SAFETY NET TOWARD ECONOMIC SHOCKS..
BUT IRAQ HAS FACED DEEPER CHALLENGES DUE TO ISIS WAR AND RESULTING DESTRUCTION...AND SUPPORT OF DISPLACED ADDING NEW ECONOMIC BURDENS TO IRAQ...
puffdragon says to wmawhite():Thats whats got me confused, thats what I recall being the reality, auctions not a good thing. The weeding out of the corrupt by Abadi has deleted the laundering crooks as to be able to continue auctions temporerily ?
rcookie says():REITERATES THAT IRAQ ISNT THE ONLY COUNTRY WITH AUCTIONS AND THE DUTY OF THE CBI TO COMBAT & PREVENT MONEY LAUNERING...
AND INCOME TAX LOOPHOLES REMAINING FRO PREVIOUS REGIMES THAT DO NOT QUESTION SOURCES OF INCOME AND MONEY WHICH HAS RESULTED IN THE FAILURE OF THE AUCTION PROGRAM AND ITS PURPOSE..
WHICH IS NOW CREATING POLICY RESPONSE FROM THE CBI....
WHICH INCLUDE GENERAL ADMINISTRATION OF CUSTOMS..GENERAL ADMIN OF TAXATION..FINANCIAL INSPECTION OFFICE...AND NATIONAL SECURITY CHANCELLERY WITH LEGAL PREJUDICE..
puffdragon says to rcookie():Thanks rcookie those last explenations helped me to get a grip (y) You ARE GOOD !!
rcookie says():AND NEED TO SEND SIGNAL TO CITIZENS TO ATTRACT THE CHUNKY CURRENCY AND TURN IT INTO SAVINGS AND INVESTMENT AND INCENTIVIZING BY OFFERING LOANS AT 10% INTEREST INSTEAD OF BORROWING FROM OUTSIDE SOURCES (LOAN SHARKS) WHOSE REVENUES BECOME BUDGET RESOURCE...
sarahrose says():I'd love my currency to be chunky!
rcookie says():TALK ABOUT INDUSTRY & MINERALS JOINT STOCK FUND AND PARTNERSHIP OF PUBLIC & PRIVATE SECTOR ENTITIES READY FOR IMPLEMENTATION AND USED FOR STABILIZING REVENUE AND SPENDING GAPS...
Babe says to sarahrose():I agree with chunky currency
rcookie says():AND ASKED TO LOOK AT MINERALS DEVELOPMENT INVESTMENT WILLINGNESS FROM FORIGN COMPANIES TO INVEST NOW AND TAKE PAYMENT IN FUTURE RESULT ACTIVITY IN ORDER TO CREATE CASH FLOW TOWARD OTHER DEVELOPMENT AND INDRASTRUCTURE PROJECTS.....
rcookie says():THE END...
rcookie says to puffdragon():STATING THE OBVIOUS..
Babe says():in order to create cash flow...they need to do something to make that cash worth something
puffdragon says to rcookie():Your obviously well versed in these kind of things rcookie, your a real trooper to have the patients with us who dont understand this.:)
jimplants says():liver and onions AWESOME
BGG says():Great News from the Cookster and Mr White...
BGG says():We so appreciate them.
woodywoodpecker says():yes we do
Read More :http://ift.tt/1UovcpJ
Babe says to sarahrose():I agree with chunky currency
rcookie says():AND ASKED TO LOOK AT MINERALS DEVELOPMENT INVESTMENT WILLINGNESS FROM FORIGN COMPANIES TO INVEST NOW AND TAKE PAYMENT IN FUTURE RESULT ACTIVITY IN ORDER TO CREATE CASH FLOW TOWARD OTHER DEVELOPMENT AND INDRASTRUCTURE PROJECTS.....
rcookie says():THE END...
rcookie says to puffdragon():STATING THE OBVIOUS..
Babe says():in order to create cash flow...they need to do something to make that cash worth something
puffdragon says to rcookie():Your obviously well versed in these kind of things rcookie, your a real trooper to have the patients with us who dont understand this.:)
jimplants says():liver and onions AWESOME
BGG says():Great News from the Cookster and Mr White...
BGG says():We so appreciate them.
woodywoodpecker says():yes we do
Read More :http://ift.tt/1UovcpJ
via Dinar Recaps - Our Blog http://ift.tt/1tkByMA
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