Matilda

obama Accuses Iraqi Bank of Aiding Iran http://www.iraq-businessnews.com/2012/08/03/obama-accuses-iraqi-bank-of-aiding-iran/

Governor of the Central Bank's (morning): بغداد ـ حسين ثغب التميمي Baghdad, Hussein al-Tamimi Tgb Can not begin to economic reform away from the tight monetary policy keeps the exchange rate, which is an important aspect in the world of economic, as well as in the investment business researcher for a secure environment to be in the field of employment, as well as monetary stability is extremely important for making productive sectors balanced sober create a friendly environment International Investments, which aspires to be in Iraq. the stability of a comprehensive . This is what the Iraqi Central Bank Governor Sinan Shabibi in an exclusive interview with the (morning): noting that the Central Bank adopted a monetary policy that has contributed to economic development, which provides overall stability, pointing out that the economic stability when accompanied by political stability so they can be to create an environment an ideal investment, and the central bank succeeded in cooperation with the government in maintaining the stability of the exchange rate of currency in general, and we are keen to continue this stability and maintain on a daily basis, pointing to the words of the Governor of the Central Bank of the U.S. who said that the most important achievement in the field cash not to think in the exchange rate in relation to all prices, especially in a country dependent on imports in general. The largest cash reserve Shabibi continued by saying that the central bank has the power to major defense maintains the exchange rate of the coin, is the size of huge cash reserve and the largest in the history of Iraq, noting that in the cash economy no such thing as an attack the currency, and the Central Bank in this reserve can be addressed to any step is trying to confuse the reality of currency, adding to investors the stability and the stability of the currency. He said that the central bank supervises the work of banks and private banks, and regulation mechanisms of action and contain the problems that appear in some banks, because the failure to regulate the work of banks is an obstacle to development, and oversees the Bank all payments from the government as part of its periodic, because the central bank Bank of the government banks and the Bank. Follow-up inflation As for the issue of inflation Shabibi said further reduce inflation through the knowledge of the index to the consumer that we receive from the Central Bureau of Statistics and are monitored developments, and if the registration of a significant increase is dealing with rising inflation by the central bank, because he has the cash and can raise and lower the level of liquidity according to the reality of inflation. Cooperation with banks. And private banks stressed Shabibi the necessary development of their capital and disappointments, as well as activating the lending mechanisms adopted by, and study the reality of the projects that are financed, and the need to adopt standards and international experience in banking, in contrast the central bank is able to provide more cooperation with these banks, including position to face the challenges. World Bank report . He noted that the Central Bank of Iraq's representative at the IMF, and that is issued from the estimation involves two first financial and other cash, and praised to maintain payments and prices, and issues of inflation, but the main issue is that the World Bank focused on that there were tunnels in the budget a large and presents notes, because the spending of this magnitude leads to engage in borrowing and debt problems, and there continue with the World Bank to make an appropriate economic environment for the phase shift experienced by the country in the meantime. He stressed the need for scenes in the notes to recent World Bank report on the financial sector wings of the three banking sector and insurance sector and the Gaza Iraqi Stock Exchange, also stressed the importance of taking into account the advice in the report when considering the reform Yalaguetsada, because the delay in dealing with these observations may be detrimental the Iraqi economy, pointing out that the central bank is considering carefully all the comments that came in the report of the World Bank. Alsaabah Article link

SAAWEET!! NICE ONE!!

What's your take on investing in the ISX?

Everyone else thanks for your normal, non-degrading responses. I appreciate it.

Wow really?? There is no need to respond this way. Sheesh

What is going on?? I don't understand. Very discouraging. Can Adam give us any imput on this? Please open and view link...I'm doing this from my blackberry, so I couldn't provide the whole article. Sorry. http://www.conntact.com/component/resource/article/newslinks/255-finance-and-economy/75173-connecticut-better-business-bureau-cautions-consumers-about-iraqi-dinar-investment-scams.html

Iraq cabinet aims to boost 2012 spending by third by MSN NEWS Iraq's cabinet has targeted a substantial boost in public spending next year in a draft budget proposed on Sunday, government spokesman Ali al-Dabbagh said in a statement. The $111-billion spending programme for 2012 is a 36 percent increase on the same figure for this year, with 15 percent of next year's budget allocated for security in a country where violence remains high by international standards, although it has dropped off markedly in recent years. Overall expenditure will be $111.02 billion, or 131 trillion Iraqi dinars, while income is projected at $91.27 billion, leaving a deficit of around 18 percent. Dabbagh said that shortfall would be covered by any surplus accumulated in 2011, as well as increases in oil prices and production, and unspecified internal and external debt. The statement did not specify at what level of crude prices and production the budget is based. Oil sales account for the lion's share of Iraq's government income, and budget documents usually clearly list such figures. The spokesman did not immediately respond to AFP requests for comment. Iraq's 2011 budget was based on average oil prices of $76.5 per barrel and projected exports of 2.2 million barrels of oil per day (bpd). As oil prices have risen substantially above that figure since the start of the year, the country appears likely to see income rise above its 2011 budget projections. Of the main expenditure, $16.95 billion is allocated to improving security and stability, while $12.71 billion is earmarked for welfare support. Education will receive $8.9 billion, with $4.24 billion allocated for the industrial and energy sector. http://news.ph.msn.com/business/article.aspx?cp-documentid=5285555

Great to know. Thanks so much for posting.

Well, the definition of meekness I am referring to is the one where although he has the choice to retaliate and stoop down to the level of those who provoke him, he chooses not to and continues to remain humble and conservative in the midst of all the chaos going on during this venture. It takes more courage to choose meekness in the face of adversity than to choose revenge and act like a moron.

Hello Everyone, (Not sure if this has ever been done before-hope it's okay) I haven't been a DV member here for too long, but based on all the good and bad (rumor) posts I've read on this site, and along with all the people who have come and gone believing or not believing, bashing, etc. (and maybe even since before I became involved in this Dinar venture), one thing that has stood out to me the most about Adam's character is his meekness, loyalty and patience, despite the all the bad, the fake and the ugly. He most ccertainly has been kind to us all. But if I have to choose only one word, I would have to go with: Meek. Thank you Adam for all your patience and kindness to us all. Mattie

Hi Adam, I appreciate all your honesty and integrity all throughout his venture. Question: Exactly, what will be the difference in value between the 25k note (which is the currency we currently hold and soon be taken out of circulation in the future) and 'THE NEW" 25 dinar note?????????????????????? And what does the CBI mean when they state that these two will co-exist for a limited time w/o affecting the exchange rate???? This has been explained a katrillion times...and pardon me, but it still DOES NOT make any sense to me. I still don't get it. Please elaborate a little bit more in detail. I will appreciate it greatly. Thank you for your valuable time.

Oh man the post comments on this thread are hilarious...I'm dying over here...can't stop laughing.

Got this from Google Alerts (sorry if this was posted already): See #6....hmmmm ... Dear President Obama, Listed in the following data are recommendations that will achieve recovery of America without delays as soon as 2O13: 1) It is impossible to eliminate debt when you add and raise; the opposite should occur. Reduce all elected employees' pay from president to all federal, state and local by 25 percent immediately. And those who will not comply, terminate. 2) It is so un-American to bail out colleges and businesses when they selected to be a company for profit and loss. This must stop. 3) Funds being paid to illegal, non-Americans must stop now. Your venture today is success, not failure; and that means budget debt starts with self-governing by recovery not change. Attack all non-essential spending by Thursday then re-evaluate 2013. 4) All military should be home with families, not fighting and trying to protect the world. Recover America first, then let's see if we can help others without major debt. 5) Restrict all Air Force 1 and Air Force 2 travel, and let those stand by for the original purpose — saving the president from nuclear warfare. 6) Be an authority and revalue the Iraq dinar at approximately $7 to $8, then tax the gross exchange 30 percent and watch the debt be slashed beyond what you would comprehend. In closing, we as real Americans require government discipline by the people. In addition, the U.S. Constitution must be left as is without readjusting by the liberal legal and socialistic agenda to fit the minority power struggle. This is the land of the free and the home of the brave, those who gave their lives to protect these rights and freedom. Those who continue to tax and spend need to be removed from service. And never remove or tax SSI from the ones who have worked 40 to 50 years, but do stop paying those who have not worked period. God bless America. Dennis A. Northcutt lives in Doyline. (function(){ GEL.register("widget.PaginationWidget", { type: "script", depends: ["widget"], requires: ["util.Selector"], path: "widgets/pagination/paginationController.js" }); GEL.thepage.initializer.addInitRoutine({ name: "pagination", callback: initPaginator, namespace: ["widget.GELTabs", "widget.AdBanner", "anim.YUIAnimator", "analytics","widget.PaginationWidget"], priority: 20 }); function initPaginator(){ GEL.thepage.artpg= new GEL.widget.GELTabs("artpagination", { changeEvent: "click", viewtrackevent: "paneChange", wrap: false, scrollAnchor: document.body, autoRotate:false, positionBanners: true, activeIndex:0 }); GEL.thepage.artpg.init(); GEL.thepage.artpgController = new GEL.widget.artPagination("artpagination"); GEL.thepage.artpgController.init(); }})(); http://www.shreveporttimes.com/article/20110806/OPINION0106/108060313/Dr-Dennis-Northcutt-Tips-help-America-achieve-recovery?odyssey=mod%7Cnewswell%7Ctext%7CFRONTPAGE%7Cs

Sorry for your loss. May you find comfort in Him. Rest in His presence.