BondLady Chat – Monday, May 30, 2011 Remaining Items to be done and CBI News
Posted 30 May 2011 - 01:24 PM
[peakdinar] Jaburi said in the statement (for the news agency of news) Monday: Iraqi Government coalition in current partner in the political process, "stating that" the most important file to the mass balance file with the State institutions and be due for each governorate as population size and particularly in security ministries http://www.bondladyscorn ··· in-erbil
[BondLady] so ministers done
[BondLady] that leaves about 4 things rightz?
[peakdinar] BondLady i don't think the rest of the things will take that long do you?
[BondLady] ministers was the worst imo
[BondLady] that was where all the power was
[BondLady] yes just not passed parl divers
[peakdinar] The Central Bank of Iraq adviser said on Monday that the Bank is working to activate the regional monetary agreements with neighboring countries to contribute to the development of the economic reality in the country. He said the appearance of Mohammed Saleh told the Kurdish news agency (Rn) that "the CBI in connection with activation of regional agreements with neighboring countries in the meetings of the Arab Monetary Fund annual", pointing out that "Iraq is an active member of the Fund to expand the monetary policy for Iraq." He added that "the Iraqi Central Bank seeks to coordinate financial and monetary transactions with neighboring countries that would foster the economic reality in the country." He explained that the "cash transactions regional part of the movements of the Iraqi Central Bank International in supporting the Iraqi economy and address the major problems facing it through the next stage, most notably trade creditors file the Iraqis." The central bank last March that Iraq follow the high-level political economic repayment of the debt they did not face legal problems. In February the bank announced last payment of the debt of Iraq 3 thousand and 500 commercial creditor the value of two billion and $ 700 million. http://www.bondladyscorn ··· ies#2709
[BondLady] monetary policy
[BondLady] monetary policy is whats kept the exchange rate at 1170 for the last 3 yrs
[BondLady] so when u see monetary policies a changein
[peakdinar] Iraq is an active member of the Fund to expand the monetary policy for Iraq.
[BondLady] he added that "the Iraqi Central Bank seeks to coordinate financial and monetary transactions with neighboring countries that would foster the economic reality in the country." He explained that the "cash transactions regional part of the movements of the Iraqi Central Bank International in supporting the Iraqi economy and address the major problems facing it through the next stage
[BondLady] through the next stage
[peakdinar] next [RV] stage
[diversehh] next stage being rv?
[BondLady] if u gonna change monetary policy
[bigpuller] to foster the economic reality in the country... with the outside countries.. sounds like an rv at a possible rate to foster the neighboring countries...
[BondLady] and if monetary policy is what has kept the dinar rate at 1170 for all this time
[BondLady] 1 could only assume............
[BondLady] but u know what they say about people who assume things
[BondLady] for years
[BondLady] we would see pips every few days on the exchange rate
[BondLady] then 3 yrs ago the pips stopped
[BondLady] when shabs made his monetary policy to stableize the exchange rate
[BondLady] and to curb inflation
[BondLady] so what have we seen lately about inflation
[BondLady] its not very stable is it
[oldbarbie] its goin up up up
[peakdinar] the only consistent thing about it is that it's on the move
[BondLady] went from 2.3% in jan 2011 to 6.1 so they say in april
[BondLady] which i believe its more like 7 to 9%
[BondLady] but they did cop to 6.1%
[peakdinar] imf says has to stay at 5%
[BondLady] imf says dont go over 5%
[BondLady] iraq took loans from the imf
[BondLady] under 5% not at 5%
[BondLady] so then it must be time to change monetary policy if thats not able to keep the iqd stable nor to keep inflation down ..........right?
[BondLady] so thats what i got from the cbi article
[peakdinar] BondLady well something has to be done....makes perfect sense
[BondLady] Trade Bank of Iraq: raise zeros from the currency will not affect on the economy 29/05/2011 Beirut, 29 May (Rn) – The Trade Bank of Iraq Sunday to raise zeros from the currency will not affect the economy, pointing at the same time that the debt owed by the country's "dominant" as long as the Iraqi government is committed to pay the dues. Works Central Bank of Iraq in the preparation of a law regulating mechanism for the cancellation of three zeros from the Iraqi currency, and the valuation of the currency in circulation economic, external and internal, but he stressed that the House of Representatives is the owner of the latter resolution, while analysts say that the process is complex and needs to be studied. In the opinion of the Iraqi Ministry of Finance that the deletion of zeros, will liberate the Iraqi economy from the constraints and enhance the value of the dinar in the International Monetary Fund.
[BondLady] The Chairman of the Board of Directors in the Trade Bank of Iraq Hussein Azri told the Kurdish news agency (Rn) that "the removal of zeros from Iraqi dinar, the process of administrative and technical typographical no repercussions at the level of the Iraqi economy." He expressed the IMF last August to support the Iraqi economy in the event of having a number of economic measures, including the allocation of banks and raise three zeroes from the local currency and to meet debt and compensation is the responsibility of Iraq. Iraq seeks to modernize its economy, especially after the signing of oil deals aimed at increasing oil production to four times its current size Balbrgem that the country's infrastructure is still crumbling after decades of war and sanctions. He Azri to the existence of "political and economic stability (in Iraq) and that oil production is increasing, in addition to the stability of the currency." With regard to debts owed by Iraq, Azri said that "the developed controlled as long as Iraq is bound to pay the dues." The debt of approximately $ 40 billion. China is next to Saudi Arabia and Kuwait among the biggest creditor of Iraq. Iraq has signed a series of agreements with international oil companies in the past year to enhance the production capacity of crude to Saudi Arabia, which power level of 12 million bpd from around 2.5 million bpd at present. Azri and explained that development in Iraq will reach 9.5 to 10% this year. The central bank has revealed in October that the last budget in 2011 will raise economic growth to 10% of what it was. And on the Iraqi banking sector Azri said that "there are seven state banks, and 34 were private sector banks, mostly owned by foreign banks." Dominated by two government two banks on the banking system in Iraq, the Bank of Mesopotamia and Rasheed Bank. He Azri said, "The central bank decided to increase the capital of Iraqi banks to 15 million dollars." The Iraqi Council of Representatives approved in the month of February last budget
[BondLady] "The central bank decided to increase the capital of Iraqi banks to 15 million dollars." The Iraqi Council of Representatives approved in the month of February last budget worth more than $ 80 billion. He declined a lot of investors are pumping money into projects within Iraq because of the violence that followed the fall of the former regime in the spring of 2003, and the political crisis that lasted for most of 2010 until a new government formed an incomplete last December
[BondLady] so we know monetary policy needs to change
[BondLady] because the dinar nor inflation is stable now
[BondLady] so then remember my gimme 3 steps to the rv door
[BondLady] the 3rd step was for the cbi to take the new law to the goi then goi would pass it on to the house of reps
[BondLady] to pass it into law
[BondLady] well this article says..........he stressed that the House of Representatives is the owner of the latter resolution,
[BondLady] so we have waited for the complete goi to be announced
[BondLady] so all the rest of the stuff could happen
[BondLady] and inflation is getting outta control
[BondLady] so they have to IMO act soon this is 1 of the reasons iraq has reached its critical area in formin the goi
[BondLady] so we see theve accepted the ministers has a few more issues to work out per the agreements of irbril
[BondLady] and then ev thing should be good to go for an emergency meeting with parl or when they come back from break
[BondLady] so lets make a list here
[BondLady] why should iraq be hurring to rv
[BondLady] 2... no money to pay bills
[BondLady] 3...paris debt payment comming in june
[BondLady] 4...100 days up on june 10th
[BondLady] 5? any one?
[peakdinar] major protest on 6/10
[mercedes99] BondLady it all seems so logical and all makes sense. actuallyvery excited. just do not understand why they just don't do it
[mercedes99] USA needs this as bad as Iraq correct?
[lightingcslt] dfi funds on the 29th of june
[BondLady] ty light
[BondLady] so im sittin here for yall to add to the list
[BondLady] why should iraq rv
[diversehh] are u saying a major protest is sched for june 10th?
[BondLady] yes wto too
[mercedes99] it seems to me this should have all been a long time ago. well it seems all is done and are ready to vote are am i missing something
[BondLady] iraq comes out of sanctions on june 30th?
[BondLady] un quits protectin there funds on the last day of june
[COSMO] companies to invest, need utilities
[mercedes99] if they loose protection of funds, bad news for iraq
[lightingcslt] also, vote of confindece on the govt is my real opinion
[drc1947] so the Central bank is talking
[BondLady] we protect it now anyways mercedes
[suemcclain] BondLady June 30----and after that, they have to protect their own funds----
[BondLady] thats why they came to USA an made the 2 bank accounts
[BondLady] usa is protecting the funds
[suemcclain] BondLady they will be wide open for lawsuits after that right
[bobgetz] BondLady They don't have enough money to cover their budget by a large margin, they need to finally take care of their citizens, they nee a world tradeable currency, they need money for infastructre, they need to be able to attract forein investment, etc.
[mercedes99] but is it still protected after june 30th
[BondLady] they need to open the budget
[BondLady] completly open the budget
[mercedes99] i hate to seem so stupid. what do they not want to open the bufget
[free9styles] they did open half rite...50% of it
[BondLady] because by opening the budget it shows the rate
[bigpuller] BondLady seems to me what they need done is all sitting in parliament and could all happen at once, after they vote in the ministers
[BondLady] of all the projects
[BondLady] true bp
Posted 30 May 2011 - 01:43 PM
Posted 30 May 2011 - 04:45 PM
Posted 30 May 2011 - 06:07 PM
Fire floor out
Posted 30 May 2011 - 07:41 PM
[BondLady] if iraq suceeds in forming a democracy and choosin there own government instead of dictators iran citizens will want it too
[BondLady] they be scared of losin power
[Winston] so Ed who do you think is behind Maliki to fail?
[BondLady] its a real threat to dictators
[BondLady] and when egypt did it
[bigpuller] its a threat to all surrounding countries
[BondLady] it showed them all the people could rise up and get r done
[BondLady] nothing divers nothing can stop iraq now delay maybe but not stop
[Winston] do you think someone is advising Allawi, he seems like a big cry baby and a spoiler to me.
[tugboat] They could rise up in Iran but the government there is much like the government in Syria. They just shoot down people in the middle of the street
[BondLady] the civilized world wont let iraq fade back into dictator ship there the golden country to show the world it can be done
[Winston] it's bibical imo so it will come to pass no matter what
[BondLady] if u can take the most dangerous country in the world with people who have hated each other for over 2000 yrs get them in the same room same table let them form a government
[BondLady] any thing can happen in any country
[bigpuller] tugboat well obama gave the speech last week that any m.e. country that wants freedom we will help you and we will invest money too to get you a new govt.. so he ignited the ring of fire
[BondLady] so iraq will rise from the ashes like a phoenix and claim its throne in the world
The issue of security ministries is not a problem anymore because the candidate of Al Iraqiya List is approved by Maliki. http://www.alsumaria...al-process.html
Sorry for any confusion!
Posted 30 May 2011 - 07:43 PM
I do not know if this rule holds true that Dinar sellers have to sell what they buy to resell or return it -- it would be interesting to find out they can buy back---AND HOLD FOR THEMSELVES !-- That is an interesting thought--- pump to sell and must sell thier holdings---But no regulation on pumping buying back at a 50% LOSS to thier customers ---and holding the dinars within thier ownership to turn in at a latter date.
I hope I express this correctly
NOW that is sometthing to think about
Posted 31 May 2011 - 03:46 PM
The rest of the reasons? Ehhh maybe....There's some
merit there but doesn't mean they will
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