fnbplanet

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fnbplanet last won the day on March 3 2012

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About fnbplanet

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  1. Is it just me, or is this guy seeming to get - all of a sudden - more face time in the Iraqi media than shabibi ever got?
  2. Check this out from your same page: USD/IQD - US Dollar Iraqi Dinar Real-time FX Create Alert My Portfolio 1,182.00 -0.50 -0.04% 21/07 - Closed. ( Disclaimer ) Type:Currency Group:Exotic Base:US Dollar Second:Iraqi Dinar Prev. Close: 1,182.50 Bid/Ask: 1,179.00 / 1,185.00 Day's Range: 11.79 - 1,182.50 Nice range....
  3. Maybe they have co-opted/corrupted someone better....
  4. the draft law to reform inmates and depositors. (Labor and Social Affairs Committee, Legal Committee, Security and Defense Committee, Human Rights Commission) I thought the above proposal involved their version of the FDIC, but it must be a translation glitch. I'm sure the UN wants this, because the Human Rights Commission is involved. Elections law is good progress though......
  5. Aw c'mon.......why can't everyone just get along with each other?
  6. I might not have caught that if Thugs hadn't highlighted it. I agree, they need to have an idea how much ISIS took from ALL of the banks in Mosul over three years, plus all that they robbed and taxed from the citizens over one third of Iraq. They likely laundered a good portion of it. Unlikely they withheld a huge stash (like us) hoping for the RV, but they still need to know, and have to factor it in their plans.
  7. Dr. Shabibi's speech (Q&A) from 2011: Question: RevaluationWith respect to the ongoing and need of stability in Iraqand its exchange rate, we did not follow that there is a direct need for a potential revaluation of the currency to its due for domestic and foreign investment in Iraq, and in regard to that, how far you believe we are from a potential revaluation of the Iraqi currency.Shabibi answer:Well thank you very much for this question and the ... ahmmm ....... even if I know the answer I cannot tell you .. (laughter) the thing is ... you cannot have an economist saying without....the answer depends, so the question here is if revaluation is really going to depend on what extent we are going to continue controlling the inflation.. as you know, if you go to the Central Bank website ... the first job is maintaining price stability .So there is a little bit of inflation in Iraq ... it use to be 2%... 3% ... now is about 5% .But we are watching that very carefully ... If this inflationcontinues we will have to revisit the question of exchange rate because revaluation depends on inflation ... of course .. the other factors that determine the movement in currencies are a lot … sometimes we look at trade, exports and imports, all the obligations, the balance of payments and all this things ...definitely no doubt you look at those ... but those are problems related to the development part of the economy.The question of maintaining a price stability is really something ...you see the inflation and all this things..... cause nobody else in the economy is concern with inflation .... the government puts its budget... the government is the spender and the Central Bank its saver.... It's not very important for them to concentrate on inflation .... so actually the question here is we are going to track and follow the development in inflation first and of course other factors which I mentioned. Second then will determine our exchange rate movement. Thank you Governor.This may be the same question, so I can understand if you can't answer.My name is Bob Kelly, I am an Investor in Iraq, the Summit Hotel in the International Zone with the OPEC financing.Question: RedenominationI've heard a report in the last couple of days That Iraq is about to cut three zeros off the currency ...they call that re-denomination that may be the same question that you just received but I wonder if you had any information about that.shabibi answerWell, I mean .... I don't know whether if it is the same question, I think this cutting of three zeros... shouldn't be exaggerated ... that is a problem...the question is ... just re-denomination and .... people writing a lot of articles in the news papers... criticizing the Central Bank…., that is going to devalue the Iraqi dinar... that is going to depreciate ... all kinds of talks. This is a question, just actually, to facilitated payment... ease of counting and all this things.... when you see a lot of figures, you see trillions and huge figures.... if you want to be precise and you see twelve figures or fifteen figures or digits ... So I think we have a plan on that.If you remember ... there was not a government decree to add this zeros. It happened because of the course of development of the economy at the beginning of the eighties.... Inflation was very high ... Inflation was rampant and therefore... small denoms start not to be use ...so government started to add the three zeros.... and of course conditions are different now .Inflation is under control, exchange rate is manage by the Central Bank.... when you have the zeros you could not manage ... not because of fault of the government or the Central Bank (only) ... which I think there was but because there were a lot of exogenous (external) factors.I'm not saying that we are champions now... there were a lot external factors which affected and a lot of people did not know what to do, so they started to add three zeros and all this things.So now the situation is completely different from that time, you had a high inflation, you have now a low inflation, you had actually something which is a stable macroeconomics situation . At that time the situation was not stable . So the only way to combat all of this things at the time was to increase the denomination and put three zeros.I think… to bring back the Iraqi dinar when actually the three zeros are remove .... of course, this will have to go hand in hand with the monitoring of the exchange rate and all this things, and we'll see ...I think now, it is probably .... we are studying ...not studying, we have decided actually on that, when to implement that. Removal this three zeros is very soon, but of course this requires not only the Central Bank activity it requires a lot of propaganda, a lot of advertising campaign and all of this things, and you have to go probably a campaign... to educated a lot of people on this things…. and I think it needs a lot of help from the government, from many people from the government, specially the security forces, and we hope the security forces becomes less busy with the violence issue so that they can give more time for us. script
  8. Makes you wonder why they would need the Treasury Secretary at the Pentagon to discuss middle eastern strategies........
  9. Not "investment" in the "near future", but in the coming days. Maybe not the RV, but possibly Chapter 7 news, ya think?
  10. Couldn't agree more. If indeed this is their version of the FDIC, it might be the last barrier (other than an RV/RI) to convincing the public, AND outside investors to trust the Iraqi banks - as I believe all the hoopla over the ISO announcement. Good call.....
  11. It's 10 AM EST here in Ohio, and I believe they're 8 hours ahead, so I guess they start now. I hope they bring up how they will educate the citizens on the new lower denominations before they adjourn.
  12. It IS curious that we know that they would need to be out from Chapter 7, but they don't even mention it as an obstacle. It's like they already know they'll be released, so why bother bringing it up.....
  13. I think that anyone smart enough to hack the cbi would not have selected some more privacy. This thread has posted the webmasters registrars info. I think it's from the cbi, just filled in with numbers to plud the holes.
  14. – under the eyes of Abadi. I take this as without Abadi knowing what Maliki was doing.