The Recovery Of The Iraqi Dinar !

[DinarThug]

2 minutes ago, dinarham said:

I want to kiss your long clown feet ! 

 

Who Doesn’t ?  

 

 

Actually I Get That Quite A Bit - My Feet Are Almost Like Celebrities ...

 

 

Kind Of Like The Kardashian Sister’s Backsides ...

 

     

[DinarThug]

LINK

The Association of Private Banks is partnered with leading Iraqi bankers at the conference of the General Council of Islamic Banks in Istanbul

 

 

24th April, 2018

The Association of Iraqi Private Banks, along with leading Iraqi bankers, is headed by the Governor of the Central Bank of Iraq, Dr. Ali Al-Aalak, in the third conference of the General Council of Islamic Banks and Financial Institutions scheduled to be held in Istanbul from
May 2-3. 

In view of the importance of the conference in shaping the future policies and programs of the Islamic banks in the world, the Association of Private Banks has been keen to extend invitations to Iraqi banks to participate in its work and to benefit from the discussions, research and analysis that will be presented during its meetings, especially with regard to the Islamic finance industry, , And ways to develop the Islamic financial services industry in light of the rapid technological developments taking place in the world.

The agenda of the conference, organized by the General Council of Islamic Banks and Financial Institutions, the official umbrella of Islamic financial institutions around the world, addresses new ideas and ideas that will contribute to making the Islamic finance industry compatible with the developments of the traditional financial industry. 

The conference, based on its high profile agenda, seeks to take advantage of new innovations in enhancing the competitive advantages of the future Islamic banking industry and addresses the changes that may affect the Islamic finance industry to adapt to new global developments.  The Global Investor Survey of Islamic Bankers and the World Insurance 2018 World Survey will be held during the sessions

The General Council of Islamic Banks and Financial Institutions (CIBAFI), an international organization of the Organization of Islamic Cooperation (OIC), was established in Bahrain in 2001 at the initiative of the Islamic Development Bank and a number of Islamic financial institutions.  It has since set the stage for representing the global Islamic financial industry, protecting and defending the sector, and promoting cooperation among GCC members and global financial institutions with common objectives.

[Freedomwish]

1 hour ago, boosterbglee said:

Tomorrow will start the week of financial inclusion in Iraq

OK.....I'm ready to be included! 

 

..............

[yogaman]

Educate the public...

Agreement with VISA International!  

Awesome articles,  thank you Thug!!

😊😊

[DinarThug]

3 hours ago, DinarThug said:

Tomorrow will start the week of financial inclusion in Iraq

 

 

1 hour ago, boosterbglee said:

OK.....I'm ready to be included! 

 

Just Use The “Financial Inclusion” Password ‘Elders’ !  

 

 

 

Mention Luigi’s Name And Move Up 2 Tiers ...

 

     

[10 YEARS LATER]

1 hour ago, DinarThug said:

Hamash To "Conscious": The Next Stage Will Be An Economic Stage "With Excellence"

ECONOMIE

 On April 22, 2018   

 

 

Conscious - Special

The economic expert Saleh al-Hamash said that Iraq has overcome the security file successfully and overcome many of the crises, noting that the challenges ahead will be "economic challenges excellence."

Al-Hamash told Iraqi News Agency (INA) that "Iraq succeeded in extinguishing many crises, as well as the great success in the security file, which qualifies it to be an economic environment incubator for many international and Arab companies wishing to work inside Iraq."

He added that "simplification of government procedures and the banking system will have an impact on the entry of companies," noting that "Iraq is able to reform the economic file after its success in the security file."

He explained that the economic conferences held in the country gave Iraq a clear picture of the companies honest through his extensive knowledge of the work of companies developed by Arabs and the world.

link

 

Kinda news you get with a little Japanese flowery umbrella in your Tequila Sunrise 🌅 - for Gods sake hurry the hell up already!

[Gypsygirl11]

3 hours ago, DinarThug said:

Mention Luigi’s Name And Move Up 2 Tiers ...

Don't you mean...Down Two Tiers, Just sayin

Keep bringing the awesome articles Thugman....hopefully soon we can get off this ride

[DinarThug]

LINK

Investment Baghdad: Arab countries want to enter the Iraqi market to invest in it

 

 25th April, 2018

The Chairman of the Investment Commission of Baghdad, said that Arab countries are currently working to enter the Iraqi market and investment in them, stressing that the ministries are obliged to define their land for investment

"There are international discussions with Arab companies including Saudi Arabia, Kuwait and the UAE to enter the Iraqi market and invest in it," Shaker al-Zamili, chairman of the board, told Al-Iktissad News

He added that "many delegations that visited Iraq surprised by investment facilities through the investment law that supports the foreign investor and treats him as the Iraqi investor," pointing out that "the picture was reaching the foreign investor incorrectly about the situation in Iraq . "

Al-Zamili pointed out that "the red tape and bureaucracy facing some foreign investors also affected the work of investors, and the government is currently working to end this through the activation of one window."

He stressed that "the amended investment law committed all the ministries of the state to limit its land and give it to the National Investment Commission and then to the investment bodies in the provinces to prepare an investment map . "

[DinarThug]

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Economist: Rising oil prices will revive the dollar market

09:08 - 25/04/2018  

 

The economic expert, Majid al-Suri, on Wednesday, that the rise in oil prices is a factor in the recovery of the dollar market in Iraq, where the rise in the financial abundance of the Central Bank.

"Many internal factors in Iraq affect the dollar exchange rate, where security operations, central bank procedures and the political region play a role in the rise and fall of the dollar exchange rate," al-Suri said in a statement.

"There is security stability in Iraq and at the same time there is a large accumulation of imported goods enough for years, in addition to the measures of the Central Bank eased restrictions on the circulation of the dollar inside Iraq."

"The increase in oil revenues means increasing the amount of dollars the government sells to the central bank, so there will be an increase in the reserves of the central bank, where the bank can provide the largest amount of demand on the dollar in the market and make him the first controlling dollar exchange rate."

[DinarThug]

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The Missan Council is considering exploiting a "wealth" that matches oil in its resources

10:01 - 25/04/2018  

 

Mercury

The Council of the province of Maysan, on Wednesday, a wealth is being worked on in the near future, stressing that Iraq will see an economic recovery immediately after the exploitation of new wealth, which is equivalent to its oil resources.

A member of the provincial council, Siham al-Aqili said in a statement to the "information", "The Missan oil company has put within its plans to exploit the mercury located in the territory of Maysan, where the cadres of the company's research to invest mercury to be included as one of the elements to revive Iraq's economy in addition to oil."

"The company is considering how to exploit mercury and to benefit from its resources in support of Maysan and Iraq economically," she said, adding that "there are a lot of resources that may make Iraq depend on it in its economy after the dependence on oil."

"The investment of mercury in Maysan is in the near future, especially as research is ongoing in an attempt to exploit it properly," she said. "Missan is one of the few earth spots where mercury exists, "More research is needed on how to invest and export it to the world."

[DinarThug]

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The Central Bank sets the conditions for the confiscation of damaged and invalid banknotes

 

 

25th April, 2018

The Central Bank of Iraq, on Wednesday, the conditions for the confiscation of banknotes damaged and non-negotiable

The bank said in a statement received "the economy news" a copy of it, "The banknotes damaged and non-negotiable is confiscated and inform the party that submitted the confiscation decision," noting that "the right of those whose cash papers were rejected and confiscated to submit a request to the Governor of the bank or authorized to review the the decision"

The bank added that "the terms of the banknotes that are considered damaged and which are confiscated from the design of the banknote is unclear or distorted or the appearance of the external appearance changes, including the written or the decree or printed or stamped on it or placed on the adhesive

"Another condition is if the paper loses more than 50 percent of its area and if there is evidence to convince the bank that the paper parts have been completely destroyed, they will be partially or fully compensated," he said

"The banknotes will be confiscated if these securities are cut into pieces more than 6 pieces, or if the banknotes perforated four holes in one banknote."

He demanded that "the bank of the banking system to confiscate these damaged banknotes and hand them to the Central Bank with knowledge of its source from the customer," stressing that "the bank bears the responsibility of the legal consequences." 

The current Iraqi currency consists of seven categories, including 250 dinars, 500 dinars, 1,000 dinars, 5,000 dinars, 10,000 dinars, 25,000 dinars and 50,000 dinars.  The coins were withdrawn by the bank for non circulation by the public

[DinarThug]

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23 million Iraqis will vote, electronic results within 24 hours

25th April, 2018

 

Iraqi Election Commission’s sources reported the new computer system will announce the results of the elections within hours after closing ballot boxes.

 

Riyadh al-Badran, head to the electoral administration, pointed that Iraq is using the modern technology for the first time, which will minimize the possibility of faking the results.

 

This is the fourth election round since the downfall of ex-president Saddam Hussein in 2003.

 

On the other hand, he pointed that more than 24 million Iraqis, out of 37 million, will participate in the coming May elections.

 

The Iraqi government is hoping to surpass the previous political wrangling due to the delay in announcing the results.

 

There are 7000 candidates who are competing for 329 parliamentary seats in 18 provinces, while the Iraqis abroad can vote in 19 countries, including USA, Britain and Canada.

[DinarThug]

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$100 m. costs of electronic voting systems

 

25th April, 2018

 

 

Iraqis are looking forward for the coming election with eyes full of tension, fearing fake operations that will create negative and unexpected results for the ballots, particularly after adopting the electronic system, which is used for the first time since 2003.

 

According to electoral sources, this new system will abridge time, where the results will be announced after two hours of closing the ballot boxes.

 

Election observers minimized the importance of this system due to non-availability of the electronic infrastructure, fluctuation of electricity, lack of internet networks, particularly in the remote areas and the spread of electronic illiteracy.

 

Media sources reported that South Korean Mirusystems Company signed a contract with 100 million dollars with the Elections Commission to provide the machinery for this system to be used in the coming elections.

 

Earlier reports, the Iraqi Election Commission “copied” the South Korean election procedures in contracting to buy 59800 systems to be distributed in 54.552 polling centers.

[DinarThug]

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The stock market records the circulation of more than one billion shares and the value exceeded two billion dinars

 

2018/4/25 14:29

 

The Iraqi market for securities, on Wednesday, the circulation of shares exceeded one billion shares and the value reached 2 billion dinars.

 

Taha Ahmed Abdul Salam said in a press release received by the agency (Al-Furat News) today that "the market organized its meeting today, where the index closed the price of ISX 60 in today's meeting at (606.35) points, up by (0.01) The previous session of {606.31} points, where the number of shares traded {1,319,740,096} shares, while the value of {2,474,887,049} dinars.  The market also traded shares of {27} companies out of the {102} listed companies where the number Companies suspended by a decision of the Securities Commission for failing to comply with the financial disclosure instructions {22} company ".

"The number of shares purchased from non-Iraqi investors amounted to (454,820) million shares value of {1,831,176} million dinars through the implementation of {32} deal on the shares of {5} companies, while the number of shares sold by non-Iraqi investors {1,016,807} million Shares of the value of {1,810,683} million dinars through the implementation of {47} deal on the shares of two companies only and for the number of shares sold by non-Iraqi investors in the second market, Abdul Salam said, "It amounted to {300} thousand shares worth $ {364} During the implementation of a transaction on the shares of only one company.

[DinarThug]

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MP Furat al-Tamimi stops the largest file of corruption in Diyala

 

2018/4/25 18:44 

MP of the National Wisdom Movement, Farat Tamimi, returned 12 billion dinars of state funds after the arrest of the largest corruption file in the province of Diyala.

 

Tamimi said in a statement received by the agency {Euphrates News} a copy of it, "and in accordance with the minutes of the Committee on the sale of the trade union building in Baquba, we have revealed the largest corruption file in the province of Diyala." 

"After the disclosure of the file 12 billion dinars of state funds for the sale of the largest government building in the province after we stopped the sale process in the judiciary at a low price does not exceed 3 billion dinars and the suspicions of financial corruption and administrative clear and a large waste of public money, Of 15 billion dinars by the competent committee "

[DinarThug]

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Parliamentary economic: precautionary measures of the Central Bank stopped wasting large sums

14:17 - 25/04/2018 

 

 

The Parliamentary Investment and Economic Committee attributed Wednesday the decline in the exchange rate of the dollar against the dinar in the local markets to the security stability and the rise in international oil prices, pointing out that the precautionary measures taken by the Central Bank on the currency auction stopped the waste of large amounts.

 Najeeb Najib, a member of the committee, said in a statement that "the rise in oil prices and the increase in foreign exchange reserves at the Central Bank, as well as the end of the war on the criminal and security stability is the most important factors stabilizing the dollar exchange against the dinar."

 "The precautionary measures taken by the Central Bank in cooperation with international regulators on the transparency of the auction of currency and control of funds stopped the waste of large amounts were going in favor of the senior corrupt."

"The Central Bank of Iraq set the official exchange rate of 1200 dinars per dollar during the budget and if the rise will bear the state additional financial burdens can not be easily compensated."

[DinarThug]

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The Board of Governors of Central Banks and Arab Monetary Institutions calls for enabling young people and entrepreneurs to access financial services

 

 

25th April, 2018

The Board of Governors of Central Banks and Arab Monetary Institutions called for the access of youth and entrepreneurs to financial services

" Enhancing levels of financial inclusion in the Arab countries is an important focus of the Central Bank and Arab Monetary Fund's board of directors' concerns, as it plays an effective role in enhancing financial stability and supporting opportunities for sustainable development and social welfare ," the council said in a press release . "He said

"In this context, in 2016, in light of the increasing need to increase awareness of the importance of financial inclusion and its contacts with all parties in the Arab countries, the Council has adopted an Arab Day for Financial Inclusion, which falls on April 27 of each year, Access of young people and entrepreneurs to financial services "

"The Council appreciates the steps and actions taken by the Arab countries to promote financial inclusion and reaffirms the need to integrate all segments of society and its sectors into the formal financial system, especially youth, women and entrepreneurs, by enhancing their access to and use of financial services and products commensurate with To protect their rights and to enhance their knowledge and awareness of financial matters so that they can make the right investment decision . "

"The Council stresses the role of central banks and Arab monetary institutions and supervisory bodies in the financial sector in the Arab countries in enhancing financial coverage through the development of laws and legislations aimed at enhancing the dissemination of financial and banking services, developing payment systems and credit inquiries and identifying gaps and obstacles in both supply and demand And to take measures and policies to address them and stimulate the private sector and financial institutions and banks and related parties to play their role in raising awareness and financial culture to enable and strengthen the capacities of local communities

He pointed out that "the Council is keen to give the issues of financial inclusion in the Arab countries the importance it deserves. The Council has launched a number of different activities and initiatives in cooperation with relevant regional and international institutions. These efforts have been strengthened recently by launching the Arab Monetary Fund in cooperation with a number of regional institutions and international, under the umbrella of the Council, the regional initiative to promote financial inclusion in the Arab States (FIARI) inorder to enable and enhance the capacities and capabilities to overcome the obstacles to improving indicators of financial inclusion in the Arab countries. the initiative includes many activities that t Focused on supporting young people and empowering women financially and encouraging the development of start-ups and entrepreneurs by providing technical advice to develop strategies and policies

He stressed that "the Council calls on the regional and international institutions to cooperate and coordinate among themselves in the framework of this initiative, which contributes to support the efforts of the authorities in the Arab countries.  The Council also stresses the importance of taking steps and specific actions on the ground to promote the rates of financial inclusion through the promotion Innovations for the development of the banking industry, including initiatives such as opening an account for each citizen, providing special financial and banking products and services for young people and women, taking special initiatives to bridge the gender gap, Financial and banking Gat "

[DinarThug]

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Launching the Financial Inclusion Week in Iraq

 

 

25th April, 2018

The Central Bank and the Association of Iraqi Private Banks launched the activities of the Financial Inclusion Week in Iraq with the participation of banks and financial companies operating in the country

The Executive Director of the Association of Iraqi private banks Ali Tariq, "Economy News", "The banks and financial companies launched the week of financial inclusion in Iraq through the organization of educational campaigns to urge people to deal with the banking sector and opening accounts and credit cards and others ."

He added that "financial inclusion aims to deliver all banking services to the segments of society, specifically women and poor groups, which will reflect positively on economic development and achieve financial and social stability through the fight against poverty and unemployment."

[DinarThug]

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Cabinet Approves Proposed World Bank Financial Management Modernization Project
 

 

25th April, 2018

The Cabinet approved the recommendation of the Economic Affairs Committee on the project to modernize public finance systems financed by the World Bank.

The resolution stipulates the amount of the loan from the annual budget implementation instructions. The legal agreement for the loan provides for compliance with the instructions of the World Bank in the purchases and expenses in accordance with the guiding rules for this, and exempting all contracts concluded in accordance with the loan agreement from fees and taxes so as not to be loaded within the amounts of these contracts from the contractors Local and foreign companies and individuals to avoid their calculation of interest-bearing loan allocations payable to the World Bank on the basis of the loan agreement, including legal fees and stamp duty.

[DinarThug]

Alaraji: 650 Foreign Companies Participate In The Forum Of Investment Opportunities In Baghdad

 

IRAQI ECONOMY

 On April 25, 2018   

 

 

Baghdad - conscious

The National Investment Authority announced the participation of 650 foreign companies in the forum of investment opportunities in Baghdad on Thursday.

"The forum will be an opportunity for investment and reconstruction in Iraq," said Sami al-Araji, head of the committee.

Araji said that "the forum will witness the participation of about 650 companies and businessmen from 17 Arab and foreign countries."

He added that "the work of the forum will include an exhibition for 30 companies, and will see the signing of memorandums of understanding and contracts for projects that have been agreed upon since the Kuwait Conference so far."

link

[boosterbglee]

Thanks Thugs.......You're quite the busy beaver today!

[DinarThug]

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Chihod: Iraqi oil imports for the last three months equal the budget of Syria, Jordan and Lebanon

 

 

25th April, 2018
Iraqi oil imports for the past three months are equivalent to the budget of Syria, Jordan and Lebanon, a member of a coalition of state law said on Wednesday, calling for the formation of a government capable of addressing the problems, economic and unemployment and low level of services through those imports.

 

The Chihod said in a statement received by "Al-Ghad Press", that "the unjustified austerity experienced by Iraq over the past four years has lost the economic situation of Iraq, while Iraq today is witnessing an increase in the volume of oil production, which reached more than 4 million barrels of oil per day and the price of Reached more than 70 dollars, while the volume of oil production before 2014 by one million and 500 thousand barrels per day, and therefore the current government should address many of the problems. 

He added that "Iraq's imports of oil for the last three months amounted to 21 billion dollars, equivalent to the budget of Syria, Jordan and Lebanon for a full year, and therefore the next elections should come with a strong government able to address many of the problems, especially economic and end the crisis of austerity of Iraq's unjustified Since 2014 and so far. "

He added that "addressing the economic problems in Iraq, especially resources similar to oil, such as agriculture, industry, trade and investment will be one of the priorities of the majority political government, which laid the foundations and programs to improve the stagnant Iraqi economy, through the launch of grades in the budget and stop the movement of staff and activating the investment side to absorb the workforce to solve the problem Unemployment and re-employment of the Agricultural Initiative Fund and the operation of factories and factories suspended to breathe the spirit in the national economy. "

[boosterbglee]

They are making mucho dinero....faster than they can spend it, but not as fast as they steal it! 

[DinarThug]

32 minutes ago, boosterbglee said:

Thanks Thugs.......You're quite the busy beaver today!

 

Ya - I Should Probably Stop Somewhere And Have A Beer !  

 

 

     

[rissas dad]

Chihod is a state law punk.  He's gotten rich while the people he's appealing to now talking about "unjust austerity" measures.  Those measures had to be because the head of your party lead the way in stealing everything that wasnt nailed down.  This is political bs.  He's trying to appeal to those that the government hasnt "helped" enough, cause they have lots of money now and are failing to help you.  Vote for us.  Happens everywhere.