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About dinareffic

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  • Birthday 02/20/1977

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  1. Omg. This is beyond huge. This is unfolding before our very eyes
  2. Too bad they didn't get egg head too. That guy needs to disappear fast like
  3. WOW!!! This is exactly what ADAM said. OPEC decision and HCL soon after. This has got me feeling all warm inside
  4. Flotation bank solution to the crisis of Iraqi funds Written by Economic news editor Date: May 17, 2017 Reports issued by some of the financial and monetary institutions locally and internationally discreet signals that the hard currency reserves in Iraq fell to $ 40 billion only !! In the first quarter of 2017 after it was at the beginning of 2014 more than $ 88 billion. This indicator needs to pause a serious and deep research to diagnose the defect and find quick solutions before entering the Iraqi economy in the arena of a new monetary crisis , knowing that the government 's secretive on this economic news. In this regard I suggest money experts and economists to form a crisis cell to discuss solutions and there are a number of solutions for the depletion of hard currency , including: - 1 floating currency which is a very difficult choice to apply in Iraq now. 2. cancel the auction currency (major disaster). 3. The re - activation of control over the financial transfer circuit. 4. border control and prevent the smuggling organization through the activation of the customs tariff law. 5. Adoption of documentary credits in import operations instead of selling the currency traders. 6. The restructuring of loss - making companies in the industrial sector and privatization. And take advantage of the hard currency resulting from the privatization. 7. attempt to decode the progressive link between the Iraqi dinar and the dollar and linked to the national currency to a basket of currencies , and this procedure needs to be a political decision and the will of the national and other solutions and plans but you need to correct a serious and work through the formation of a crisis cell to discuss the matter diagnosis. The appearance of Mohammed Saleh Financial Advisor to the Prime Minister has proposed the establishment of a bank to finance the private sector trade contribution of all commercial banks (government and private) and specializes in the function of opening letters of credit syndicated bank to finance the foreign trade of the private sector along the lines of the Iraqi Trade Bank , which is financed by government imports through the opening credits documentary. He pointed out that the Central Bank of Iraq supports the proposal as well as the Ministry of Commerce and the Ministry of Planning, to impose a state of Anzbat in the disposition of foreign operations / wholesale currency, with the availability of a strategic partner in the management and a global bank credit rating high level, adding , "forming the bank leave from the Central Bank and the Ministry of Commerce as a contribution to international banking practice and in accordance with the high foundations of governance , the separation of management from ownership and management of an independent board. Hoping that work on the formation of this international banking regulatory high - level entity. http://neniraq.com/econews-141/
  5. There is as much green in this article as there is on the latest map of Mosul. All good
  6. Iraqi private banks are calling for «Central» to activate the monetary policy United Bank for Investment Building (United Pennek.kom) Version: Paper - International Wednesday, May 17 / May 2017 (01:00 - GMT) Last Updated: Wednesday , , July / May 201 717 (1:00 - GMT) BAGHDAD - Adel Mahdi Called on the chancellor in the «Iraqi private banks association» Samir Nasiri, «the Central Bank of Iraq» to activate its monetary policy to support the private banking system, and re-examine the policies and lending departments of credit risk, with an emphasis on the lesson some observations in the strategic framework adopted in the coming years. He said in an interview to «life», that the implementation of the Iraqi Central Bank's strategy for the coming years, requires a lesson set of observations, including monitoring the implementation of future policies of cash until the year 2020 with the contribution of the banking sector in gross domestic product (GDP), as well as the search for new policies to achieve this goal and allow banks government and private participation in the growth and investment in accordance with the mechanisms and policies that are applicable, and without imposing strict policies and to give adequate elasticities. He added that it is necessary to seek to address the apparent gap between the fiscal policies of the state and monetary policies adopted by the Central Bank and the requirements of the anti-inflationary pressures, in addition to reducing current spending and coordination in the plans and programs that save the Iraqi economy from financial collapses. He also pointed Alnasiri, to the importance of activating the monetary policy to support the private banking system, and the revision of policies and lending mechanisms of credit risk management in the granting of credit to small and medium loans, in addition to investment in production and investment sectors that achieve cash flow, and revive the economic cycle, which contributes to economic development and diversify the financial resources of the general budget. In the context of the sale of the dollar process for which the «Central» organized, Alnasiri called for accurate follow-up instructions for a window of foreign currency issued this year, and the need to define the role of banks in the mediation between the customer and the «Central», in addition to determining the responsibility of the ministries of trade, finance and planning irregularities committed by some customers, and not only load responsibility for banks. He stressed the importance of the adoption of boards of directors in the strategy of banks operational risks and implementation, and review debt doubtful according to the list of guidelines, re-elasticities and periods of time for additional banks to liquidate these debts accruing mostly to civilian migration from their provinces for security reasons beyond their control. And called for the restructuring of the particular government banking sector, with an emphasis on the need to study the allocation of some of its departments, and to activate the operating banks to expand their banking services and diversify, particularly to increase credit and investment share in a balanced manner with total revenues into these banks an effective pillar of economic growth, provided that the move away from monopoly some banking operations and the withholding of government activities and public institutions for private banks. He added that there is also the need to develop the Iraqi market for securities money and support, and to find the means and tools that drive towards the lifting of the market and companies index prices, in line with its assets and standards of production and profits, and to prevent speculation that harm the Iraqi assets disproportionate real value, calling for the establishment of a fund or a private portfolio certificates of deposit issued by banks wishing to address the deterioration of stock prices. The request to add a new bank management current investment investment climate in the market to promote and increase the size of the deposits of banks leads to increased investment activities in all economic sectors and thus achieve a positive return for investors. He said Alnasiri The monetary policy of leading efforts to achieve economic stability and stabilizing the exchange rate rates that the national economy will also increase the strength and effectiveness to meet the economic challenges of economic policy, and believes that the achievement of reserves of foreign exchange, which currently stands at about $ 49 billion, stabilize the Iraqi dinar exchange rate against the dollar is one of the things necessary, pointing out that the foreign currency held by the «Central» window had a positive role in maintaining an appropriate level of the exchange rate and install it. He pointed out that «Central» Iraq has taken many steps to expand the list of available instruments of monetary policy and to cover the reserve required to include government deposits, and the granting of facilities on deposits maturing in a short period in order to allow banks to manage their liquidity more effectively. He added that the relative stability of the rates of the exchange rate of tight monetary policy and the stability of the financial system, as well as reducing inflationary phenomenon and to control the levels of liquidity and management, and to encourage banks to move towards the market, of the most important tools that have been achieved in monetary policy from 2004 to 2006. http://www.alhayat.com/Articles/21900823/%D8%A7%D9%84%D9%85%D8%B5%D8%A7%D8%B1%D9%81-%D8%A7%D9%84%D8%B9%D8%B1%D8%A7%D9%82%D9%8A%D8%A9-%D8%A7%D9%84%D8%AE%D8%A7%D8%B5%D8%A9-%D8%AA%D8%AF%D8%B9%D9%88--%D8%A7%D9%84%D9%85%D8%B1%D9%83%D8%B2%D9%8A--%D8%A5%D9%84%D9%89-%D8%AA%D9%81%D8%B9%D9%8A%D9%84-%D8%A7%D9%84%D8%B3%D9%8A%D8%A7%D8%B3%D8%A9-%D8%A7%D9%84%D9%86%D9%82%D8%AF%D9%8A%D8%A9
  7. CBI has always said. Stability + Security is what is needed for monetary reform. Liberation of Mosul is the security and this goes along way to the stability part
  8. Lmao. God I miss that show
  9. I see a lot of green on that map, which I hope to see the same in my bank account soon 😉
  10. 4/30-5/2 is my prediction window. If it doesn't happen then, I'm not worried about it cuz this WILL happen.