Popular Post DWS112 Posted July 22, 2017 Popular Post Report Share Posted July 22, 2017 CBI: Monetary Policy Research Journal June 22, 2017 Below is some English content from journal: The unconventional monetary policy to stimulate Economic growth in Iraq Ali Muhsin Ismail- The governor of Central Bank of Iraq -2016 Aftermath spark of the financial global crisis, economies witnessed new and creative measures to deal with bad consequences, and correct the economic deviations. The measures emerged from creation economic policies, especially monetary policy. So in recent years, central banks in several important countries adopted unconventional monetary policy measures (UMPM) (IMF, 2013), ranging from large scale purchases of public and private debt securities to direct lending to banks, this measures designed for many purposes including: repair the monetary transmission, by ensuring depth and liquidity in financial markets, and provide monetary accommodation at the Zero lower bound of policy interest rate. One distinguishing feature of UMPM, which has also been referred to as quantitative easing (QE), is that central bank actively use its balance sheet to impact market prices and conditions beyond the use of a short-term or ‘’policy’’ interest rate or monetary aggregate (conventional monetary policy). The crucial different between the economic crisis consequences in developing countries and in development countries was: The problem in 1 st , happen on demand side of the economy, but it strike. The supply side of the economic in the 2nd So for these different central banks in the development countries (as in Iraq) must adopt measures convenience for its crisis consequences. Iraqi economy suffered a lot from the slowdown of global economic growth (after 2014), and before, from financial crisis (After 2009), and both events accumulated to emerge economic problem describe as: Slowdown growth, liquidity shortage, pessimistic expectations, significant decline in government expenditure (60% at 2015 compare with 2014). Central bank of Iraq (CBI), respond for this circumstances by arrange and declare new initiative at (March 2015), it contain two measures: 1- Lending the private banks (48 banks) with one trillion ID (around 833 million and 333 thousand$) to activate these banks for lend: youth, graduates, unemployed with micro loans or what we call SME. Maximum limit for this loans (50 million ID around 42 thousand $) with easy guarantee and long payback period. The borrowers must use on this fields: (industry, agriculture, retail commerce) moreover these loans must cover all Iraqi regions. 2- lending the Iraqi Specialist banks (Agriculture bank, Industrial bank, Real estate bank, Housing fund) within (5 trillion ID around 4 billion and 2 hundred million$) . Targeted large loans (medium and large projects) on the real sector of Iraqi economy. Upper limit of this loans (20 billion ID around 16 million and 666 thousand$) with small cost and long payback period. At Jan, 2016 all mechanism and regulations and rules of supervision settled from CBI, since this time began the implementation of CBI initiative. The CBI new measures targeted: 1- Provide the market with new liquidity, to facilitate the transactions and pass the shortage. 2- support the unemployed person to obtain job and expanding labor market. 3- Stimulate the supply side by create addition value add in Iraqi real sector. 4- Enhance the small banks to fund project and diversify their portfolios. 5- Motivate the private sector by large finance, to permit for extra extending in whole Iraqi economy, and upgrade participation of private sector with more share of GDP. View PDF ( loaded with charts and calculations ) 21 Quote Link to comment Share on other sites More sharing options...
ChuckFinley Posted July 22, 2017 Report Share Posted July 22, 2017 Thanks DWS for the post. 4 Quote Link to comment Share on other sites More sharing options...
Popular Post Laid Back Posted July 22, 2017 Popular Post Report Share Posted July 22, 2017 Looks like an information campaign from the CBI to the citizens, to prepare them for what is coming. The CBI new measures targeted: 1- Provide the market with new liquidity, to facilitate the transactions and pass the shortage. 2- support system" rel="">support the unemployed person to obtain job and expanding labor market. 3- Stimulate the supply side by create addition value add in Iraqi real sector. 4- Enhance the small banks to fund project and diversify their portfolios. 5- Motivate the private sector by large finance, to permit for extra extending in whole Iraqi economy, and upgrade participation of private sector with more share of GDP. Go new monetary policy Go RV Go $1:1 DWS👍🏼 24 1 Quote Link to comment Share on other sites More sharing options...
ChuckFinley Posted July 22, 2017 Report Share Posted July 22, 2017 Right there Laid Back. Looked at that .pdf and passed, 178 pages and untranslated. Your account is right on. 7 Quote Link to comment Share on other sites More sharing options...
DWS112 Posted July 22, 2017 Author Report Share Posted July 22, 2017 3 minutes ago, ChuckFinley said: Right there Laid Back. Looked at that .pdf and passed, 178 pages and untranslated. Your account is right on. You should be able to highlite the Arabic text and copy/translate if you want. 6 Quote Link to comment Share on other sites More sharing options...
Wiljor Posted July 22, 2017 Report Share Posted July 22, 2017 Thanks DWS112, We have a lot of moving pieces to this puzzle at the moment and the forward motion continues 6 Quote Link to comment Share on other sites More sharing options...
Popular Post brob Posted July 22, 2017 Popular Post Report Share Posted July 22, 2017 This PDF has 173 pages, but what struck me is it's format. This is a professional paper. It includes an abstract, introduction and references. This is the the kind of paper you write for a PhD or publication or research. To have the head of the CBI publishing this shows that they (the CBI) are serious players who demand respect. Which they'll need when they pop that switch. 18 Quote Link to comment Share on other sites More sharing options...
ChuckFinley Posted July 22, 2017 Report Share Posted July 22, 2017 8 minutes ago, DWS112 said: You should be able to highlite the Arabic text and copy/translate if you want. I know, was just to lazy to read 170+ pages when LB said it all. But, thanks for the post back. 6 1 Quote Link to comment Share on other sites More sharing options...
Popular Post WaitIsOver Posted July 22, 2017 Popular Post Report Share Posted July 22, 2017 Saturday into Sunday... + all salaries are locked in as of 21st on Mastercards +Rafidain made cards international via announcement last Saturday, and now first pay period is in full motion +95 % e card 5% cash, usable as of 28th of this month FIRST TIME EVER on international cards +IMF said implement the real budget this month or no help next month (they need new rate before the budget is implemented) +New rate is on new cbi site +Citizens will go to banks on 28th to get their 5% cash so new rate needs lower denoms + Best time imo for a RV is when banks close worldwide...SATURDAY INTO SUNDAY. +conclusion of my personal observation tells me RV by 28th, and if planned to do so on a weekend...this is the last weekend before the 28th. + keep the good news rolling in, pray pray pray this venture is over with fireworks and celebration NOW #THEWAITISOVER 37 1 Quote Link to comment Share on other sites More sharing options...
DWS112 Posted July 22, 2017 Author Report Share Posted July 22, 2017 3 minutes ago, WaitIsOver said: #THEWAITISOVER Thanks, well put 7 Quote Link to comment Share on other sites More sharing options...
ChuckFinley Posted July 22, 2017 Report Share Posted July 22, 2017 You got my vote. 7 Quote Link to comment Share on other sites More sharing options...
Floridian Posted July 22, 2017 Report Share Posted July 22, 2017 15 minutes ago, WaitIsOver said: Saturday into Sunday... + all salaries are locked in as of 21st on Mastercards +Rafidain made cards international via announcement last Saturday, and now first pay period is in full motion +95 % e card 5% cash, usable as of 28th of this month FIRST TIME EVER on international cards +IMF said implement the real budget this month or no help next month (they need new rate before the budget is implemented) +New rate is on new cbi site +Citizens will go to banks on 28th to get their 5% cash so new rate needs lower denoms + Best time imo for a RV is when banks close worldwide...SATURDAY INTO SUNDAY. +conclusion of my personal observation tells me RV by 28th, and if planned to do so on a weekend...this is the last weekend before the 28th. + keep the good news rolling in, pray pray pray this venture is over with fireworks and celebration NOW #THEWAITISOVER Thanks, WaitIsOver! I'm thinking the same - RV tonight. 10 Quote Link to comment Share on other sites More sharing options...
jg1 Posted July 22, 2017 Report Share Posted July 22, 2017 51 minutes ago, Laid Back said: Go new monetary policy Go RV Go $1:1 DWS👍🏼 Nice to see the getter done list is gettin much smaller. 9 Quote Link to comment Share on other sites More sharing options...
drj Posted July 22, 2017 Report Share Posted July 22, 2017 Excellent analysis, WaitIsOver...EXCELLENT!! 8 Quote Link to comment Share on other sites More sharing options...
blueskyline Posted July 22, 2017 Report Share Posted July 22, 2017 ............................................................................................ 4 Quote Link to comment Share on other sites More sharing options...
vomer Posted July 22, 2017 Report Share Posted July 22, 2017 1 hour ago, DWS112 said: 3- Stimulate the supply side by create addition value add in Iraqi real sector. Stimulate VOMER'S supply side by create addition value add in Vomer real bank account sector. 3 Quote Link to comment Share on other sites More sharing options...
Freedomwish Posted July 22, 2017 Report Share Posted July 22, 2017 54 minutes ago, WaitIsOver said: + Best time imo for a RV is when banks close worldwide...SATURDAY INTO SUNDAY. +conclusion of my personal observation tells me RV by 28th, and if planned to do so on a weekend...this is the last weekend before the 28th. + keep the good news rolling in, pray pray pray this venture is over with fireworks and celebration NOW #THEWAITISOVER 10 Quote Link to comment Share on other sites More sharing options...
Floridian Posted July 22, 2017 Report Share Posted July 22, 2017 (edited) The "test" CBI site no longer has English translation button: http://cbi.3eyon-host.net Don't know if it means anything. Edited July 22, 2017 by Floridian 6 Quote Link to comment Share on other sites More sharing options...
bkeiller Posted July 22, 2017 Report Share Posted July 22, 2017 Is this the real life?Is this just fantasy?Caught in a landslide,No escape from reality.Open your eyes,Look up to the skies and see,I'm just a poor boy, I need no sympathy,Because I'm easy come, easy go,Little high, little low,Any way the wind blows doesn't really matter to me, to me, RV! RV! RV! RV! You aint getting this tune out of your head until next Monday!! https://www.youtube.com/watch?v=fJ9rUzIMcZQ 14 Quote Link to comment Share on other sites More sharing options...
Synopsis Posted July 22, 2017 Report Share Posted July 22, 2017 15 minutes ago, Floridian said: The "test" CBI site no longer has English translation button: http://cbi.3eyon-host.net Don't know if it means anything. Hi Floridian! I am pretty sure the techies may be doing a bunch of online offline stuff. I just tried it and hit the English button in the upper menu bar and whala.........................1.2 IQD is still noted as 1 USD! Could you try again on the link you provided and see if it now works for you? Have The Best Of Your Weekend, Floridian And All DV! And...................................................................................... Go Moola Nova (YEAH, BABY!!!)! 9 Quote Link to comment Share on other sites More sharing options...
Officiallytook Posted July 22, 2017 Report Share Posted July 22, 2017 8 minutes ago, Synopsis said: Hi Floridian! I am pretty sure the techies may be doing a bunch of online offline stuff. I just tried it and hit the English button in the upper menu bar and whala.........................1.2 IQD is still noted as 1 USD! Could you try again on the link you provided and see if it now works for you? Have The Best Of Your Weekend, Floridian And All DV! And...................................................................................... Go Moola Nova (YEAH, BABY!!!)! I was just about to comment it's still there... Also. I noticed the new cbi host site is now a lot more mobile friendly, maybe that's where they are headed...mobile friendly, like our banking sites in the states and the rest of the world...just saying would be easy to flip the mobile site when changing the rates 7 Quote Link to comment Share on other sites More sharing options...
Synopsis Posted July 22, 2017 Report Share Posted July 22, 2017 Just now, Officiallytook said: I was just about to comment it's still there... Also. I noticed the new cbi host site is now a lot more mobile friendly, maybe that's where they are headed...mobile friendly, like our banking sites in the states and the rest of the world...just saying would be easy to flip the mobile site when changing the rates Oh, Yeah, OfficiallyTook! It's all Looking Good! Go Moola Nova! 7 Quote Link to comment Share on other sites More sharing options...
ChuckFinley Posted July 22, 2017 Report Share Posted July 22, 2017 Good, I did not want English speaking dinar holder not being allowed to cash in. 8 Quote Link to comment Share on other sites More sharing options...
Synopsis Posted July 22, 2017 Report Share Posted July 22, 2017 Just now, ChuckFinley said: Good, I did not want English speaking dinar holder not being allowed to cash in. ChuckFinley & The Best Of Your Weekend To You And All DV!!! 4 Quote Link to comment Share on other sites More sharing options...
ChuckFinley Posted July 22, 2017 Report Share Posted July 22, 2017 1 minute ago, Synopsis said: ChuckFinley & The Best Of Your Weekend To You And All DV!!! You too! Saw Laid Back was out Wiljor and a ton of regulars. Everyone is getting pumped up. 5 Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.