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2fast4u2c

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About 2fast4u2c

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  • Birthday February 14

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  1. IMF calls for ....

    I think they mare referring to just turning it loose
  2. IMF calls for ....

    It sounds like the IMF is getting more direct as in - do this now.....or at least I hope.
  3. IMF calls for ....

    IMF calls for the restructuring of the Rasheed and Rafidain Bank The International Monetary Fund (IMF) on Monday called on the Iraqi authorities to restructure the Rasheed and Rafidain banks and strengthen the legal framework of the central bank, calling for the cancellation of the remaining entry on the dinar exchange rate. The Iraqi Business Council said in a press statement received by "The Economist News" that "the head of the mission of the International Monetary Fund in Iraq, Christian Joss, discussed in the Jordanian capital Amman with the delegation of members of the Iraqi Business Council the latest developments in the Convention on credit readiness with Iraq and the challenges facing the Iraqi private sector" . "The IMF urged the Iraqi authorities to take further measures to strengthen oversight and implement plans to restructure state-owned banks that control the banking system, including the Rashid and Rafidain banks, strengthen the legal framework of the Central Bank, and eliminate the remaining restriction on the exchange rate and the practice of multiple exchange rates , And the implementation of measures to combat money laundering and the financing of terrorism and fight corruption. "The International Monetary Fund stressed the importance of implementing structural reforms to improve the investment climate and diversify the economy to encourage private sector activity and improve the business environment," the statement quoted Jos as saying. "Integrity in Iraq does not need new laws, but rather to implement existing laws strictly to combat corruption. The international community should help Iraq in this regard," he said. http://economy-news.net/content.php?id=9046
  4. omg today is the day.....why do I even open these
  5. Still work to be done...2018

  6. Still work to be done...2018

    Newshound Guru Kaperoni "The CBI has also requested the technical assistance of the IMF Legal and Monetary and Capital Markets Department to analyze the reasons behind the rise of the exchange rate spread" ...in the last Article IV dated last month, the CBI had requested the UST and the IMF to help them get in compliance...that gives me hope they can get in compliance... and once they do, they will accept Article VIII, which will open the banking system to the world, allowing international investment, etc. So if that occurs, we may see such an effect by end of year. I do believe it is well documented that the world wants to come to Iraq and invest. If, Iraq could ever set the stage, by that meaning pass the laws, get the banking system in order, they have the potential for billions of dollars in private investment. So hang in there. Newshound Guru Kaperoni Article quote: "staff encouraged the authorities to consider creating the conditions which would make possible a move to a more flexible exchange rate policy. " Thats a float people! ...both the IMF and CBI have stated in so many words that it will rise gradually. That is most logical and fits in with the concept of countering inflationary pressure created by an influx of investment. I think once the CBI starts to float the dinar, they could raise the value to 1 to $1 or about within 6 months to a year. Newshound Guru Kaperoni Quote: "Such flexibility could allow a predictable and gradual appreciation of the nominal exchange rate, triggered by strong oil revenues and the Balassa-Samuelson effect," Now keep in mind this was all moving forward under Shabibi...when he had the dinar stable and in compliance...and the Market Rate/Street Rate spread under 2%. Since then, monetary policy has been in disorder and such statements have not been made. But I expect when and if the CBI can get in compliance we will see them start the process.
  7. This all means - GET JOBS!!!
  8. Hopefully part of a resolution to 140.....
  9. Deal-No Deal.

    2018
  10. Adam Montana Weekly 23 August 2017

    Synopsis...click on the heart so you can like or unlike
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