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Economist: Do not risk a cash reserve of currency


yota691
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16-02-2017 12:14 PM
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It revealed the parliamentary finance committee, on Thursday, for the withdrawal of the government about 48 billion dollars deposited in the Central Bank of Iraq since 2014 , cash reserves, noting that the budget deficits and the decline in world oil prices and the war on terror has caused fatigue entire economy. 

Said committee member Ahmed Sarhan Sarhan, said that ' the government withdrew $ 48 billion from the depositor at the CBI since 2014 the cash reserve and up to now , more than half the proportion of strategic inventories of $ 88 billion.' 

He said Sarhan, that the 'remaining inventories at the Central Bank amounted to about $ 40 billion a month just before ", pointing out that' the budget deficit and the decline in world oil prices and the war on terrorism are all Azamil caused fatigue entire economy."

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53 minutes ago, Boozer said:

well if you people would get off your azz and do something you would not be in this mess . always put it off, postpone, next week, Vacation , in the coming days, and My fav  SOON !

DAMN FLIPPING STRAIGHT BOOZER !!!!!!!!!

bunch of candy ass mutant screwheads

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2 hours ago, WheresmyRV? said:

So much for anything happening to this for early 2017 :butt-kicking:

I had big hopes for this year. We still have some ways to go but it just seems that they are spinning their wheels. No important laws being past, no HCL talk, and this constant infighting. It can leave a bad taste in your mouth. We will have to see what Mosul brings.  

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5 minutes ago, ChuckFinley said:

I had big hopes for this year. We still have some ways to go but it just seems that they are spinning their wheels. No important laws being past, no HCL talk, and this constant infighting. It can leave a bad taste in your mouth. We will have to see what Mosul brings.  

A public announced victory of the liberation of mosul will hyper drive monetary reform.. they have come out recently saying that exact thing. that includes increasing the value of the Iraqi dinar. We shall see what this month brings. In a recent interview PM Abadi stated isis is done for and Mosul should be liberated by this month sometime. Hoping thats true.

Edited by easyrider
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2 minutes ago, easyrider said:

A public announced victory of the liberation of mosul will hyper drive monetary reform.. they have come out recently saying that exact thing. that includes increasing the value of the Iraqi dinar. We shall see what this month brings. In a recent interview PM Abadi stated isis is done for and Mosul should be liberated by this month sometime. Hoping thats true.

easyrider, Yup I must agree and we are not to far away from the "Liberation Of Mosul" IMO.   I'm sticking to this and do expect the dominoes will fall right into place because "Security & Stability" will be completed at least for the most part.   If you noticed unlike in Eastern Mosul we have not heard of Ground Soldiers taking neighborhoods etc  to date however the Iraqi & Coalition Forces are bombing and killing senior ISIS leaders in Western Mosul and their facilities.  We are there just do not want to publicize to the News Media & The World only what we want them to know.....:D   The Battle to retake Western Mosul will be swift IMHO.

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1 hour ago, ChuckFinley said:

I had big hopes for this year. We still have some ways to go but it just seems that they are spinning their wheels. No important laws being past, no HCL talk, and this constant infighting. It can leave a bad taste in your mouth. We will have to see what Mosul brings.  

i have almost given up ... and I did so want to retire and pay off my home and stop being a lab rat on a treadmill ... 

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1 hour ago, easyrider said:

A public announced victory of the liberation of mosul will hyper drive monetary reform.. they have come out recently saying that exact thing. that includes increasing the value of the Iraqi dinar. We shall see what this month brings. In a recent interview PM Abadi stated isis is done for and Mosul should be liberated by this month sometime. Hoping thats true.

Hey Easy nice seeing you in the area. Trust all is well and hoping for something big after Mosul. 

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Parliamentary Finance: The government has withdrawn $ 48 billion from the central bank reserves 20 billion of which went to Iran !!

Parliamentary Finance: The government has withdrawn $ 48 billion from the central bank reserves 20 billion of which went to Iran !!
Last updated: February 16, 2017 - 14:38

Baghdad / Iraq News Network A member of the parliamentary finance committee, Ahmed Sarhan, Thursday, for the withdrawal of the government about $ 48 billion of Iraqi cash reserves, noting that the budget deficits and falling oil prices and the war on terrorism has caused fatigue economy Balkamil.oukal Ahmed said in a statement news today: "the government has withdrawn about 48 billion dollars deposited in the Central Bank of Iraq since 2014, the cash reserve until now and $ 20 billion of which went to Iran to support its fiscal deficit under the direction of al-Maliki and al-Abadi, pulling 48 billion equivalent to more than half of the strategic stockpiling of $ 88 billion. "and that" inventories remaining at the Central Bank amounted to about a month to $ 40 billion just before ", adding that" the budget deficit and the decline in world oil prices and the war on terrorism and government corruption, including the sale of hard currency window are all factors that have caused fatigue entire economy ".oamthel monetary reserves of any country, the safety valve, which provides state-of hard currency for trading and import, as well as to provide financial cover in the event of state revenues did not meet the coverage needs, and usually revenues derived from oil and natural resources, industrial or agricultural or commercial production, and other revenue that the availability of funds the annual financial budget, and the manipulation of this cash reserve or withdrawal from it can lead to significant risks can not Amaaljtha.osbak to former Prime Minister Nuri al-Maliki that the request of the Central Bank of Iraq while the province Shabibi, borrow the amount of five billion dollars, but the Shabibi refused to do so in order to preserve the interests of the country's reserves, which led to a "fabrication" Maliki trickle charge for Hbibi concerning a specific financial corruption, only to end up exempting Shabibi from office and replaced by another from the Dawa party (on the Keywords) does not respond to the government and its head any request.

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Add this to this thread....

 
 
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Economy News / Baghdad ...
 
 
Iraq Stock Exchange confirmed that the capital of banks in the securities market represents a gain of 65% of the number of shares listed, pointing out that the CBI committed banks Brtah shares. 
The executive director of the market, Taha Ahmed Abdul Salam, in an interview I followed the "Economy News," to the Iraqi banks involved in the Iraq Stock Exchange effectively they represent a large proportion of the capital, where they reach Anyh now 65% of the number of shares listed, so Banks It is one of the largest companies in the stock market. And Abdel Salam that to a professional career and a clear and active banking sector the central bank decided to Iraq that requires all banks offering of its shares in the market which enhances the ability of the market and activates his work. 
He said Abdel-Salam said there are six banks awaiting incorporation in the market and it is hoped to be included in the current year, pointing out that there are banks declined to sell shares, "but the central bank's decision will be binding her and made up of the banking system in Iraq (65) banks as well as Central Bank and distributed by ownership between 7 state banks and 58 private banks including investment and commercial and Islamic banks. 
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Views 26   Date Added 15/02/2017 - 8:59   last updated 15/02/2017 - 12:50   No. Content 6727
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Western Mosul is going to very difficult to liberate, it's the oldest part of the city and the streets are very narrow with homes closely packed together. It's going to be a street by street fight that won't end quickly. The US can't carpet bomb this area due to the high number of civilians still living there, so it's going to be up to the Iraqi's Counter Terrorism group to get this done, which means high causalities on both sides. I hope I'm wrong, but if Iraq can free western Mosul by June or July it will be a miracle. Abadi's in a tough spot right now and he's doing his best to convince not only the Iraqi's but the world that Daesh will be eliminated "soon." We'll see what happens. 

 

The CBI can't loan money directly to the GOI, so they purchased bonds issued by the GOI as a workaround. It's a house of cards, Iraq's economy, as it stands today, is unsustainable. Without a move towards an open market economy all that the GOI can do is borrow money, oil just won't cut it anymore. 

 

 

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1 hour ago, Hikmah said:

Western Mosul is going to very difficult to liberate, it's the oldest part of the city and the streets are very narrow with homes closely packed together. It's going to be a street by street fight that won't end quickly. The US can't carpet bomb this area due to the high number of civilians still living there, so it's going to be up to the Iraqi's Counter Terrorism group to get this done, which means high causalities on both sides. I hope I'm wrong, but if Iraq can free western Mosul by June or July it will be a miracle. Abadi's in a tough spot right now and he's doing his best to convince not only the Iraqi's but the world that Daesh will be eliminated "soon." We'll see what happens. 

 

The CBI can't loan money directly to the GOI, so they purchased bonds issued by the GOI as a workaround. It's a house of cards, Iraq's economy, as it stands today, is unsustainable. Without a move towards an open market economy all that the GOI can do is borrow money, oil just won't cut it anymore. 

 

 

Go home

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of Iraq 's cash reserves continue to decline

Iraq's cash reserves continue to decline

 

    
 
 53 minutes ago
 

 

Twilight News CBI / said on Sunday that Iraq's reserves of hard currency fell to $ 49 billion as a result of the continued decline in oil prices in world markets.

The governor of the bank on the Keywords During a press conference, said that "the central bank reserves of hard currency now stands at $ 49 billion."

He added that "Alahitati depends on fiscal revenue from oil sales, it is natural to see a reduction as a result of lower oil prices."

Keywords and pointed out that "the central bank has about two thousand foreign exchange company and 30 transfer companies and 65 banks are all selling foreign currency ports under the auction of the currency, which is sufficient to cover the daily sales of the Central Bank of the dollar."

According to Bank figures last June 2016, the foreign currency reserves were $ 53 billion, while the reserve ypg $ 68 billion in 2015.

The depreciation of the currency caused by the financial crisis in the country as a result of lower oil prices and increasing costs of the war against al Daesh. Iraq relies on oil revenues to cover 95 percent of expenses.

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Economy News / Baghdad ...
 
 
CBI, Sunday, confirmed that the size of Iraq's reserves of hard currency with a total of $ 49 billion (foreign currencies and gold).
 
The central bank governor said at a news conference attended by "Economy News" that Iraq's total foreign debt stood at $ 60 billion, including the Paris Club and the debt of Gulf states (Saudi Arabia, Kuwait) and creditors of Altjaran, either domestic debt amounts to 40 trillion dinars. 
 
He called on the conservative media organizations not to be dragged into non Responsible statements that offend the financial and banking sector in Iraq, pointing to the importance of restoring confidence to the private banks being applied all international calibrator.
 
 
Views 257   Added 02/19/2017 - 13:13   Last updated 19/02/2017 - 14:46   No. Content 6749
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