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Laid Back

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Laid Back last won the day on October 17 2015

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  1. Just for fun 🤩 Oil prices are about $70 per barrel If they are planning to Value the barrel of oil at 45 dinars. That means 1 dinar will be equal to $1.55 I will be happy with $1.55 per dinar Go dinar Go purchasing power
  2. Remove exchange control and problem solved. It will end black market, smuggling and corruption Let it Float. Go end of exchange control Go float Go purchasing power
  3. Step by step they are following the White Papers aka reforms project . They are working on Rehabilitation of Financial sectors. (1) Rehabilitation of Financial sectors private banks, developing the insurance sector, and upgrading the stock exchange market. 1) Addressing the capitalization level of all government banks, regulating the process of increasing their capital, if needed, and establishing and operationalizing the Core Banking System in Al-Rafidain and Al-Rasheed Banks. 2) Accelerate the development of electronic banking and mobile banking services. 3) Activate the deposit insurance system in order to enhance the confidence of the people in the private banking sector. 4) Finalize roll-out of international accounting systems (IFRS) to all banks, to improve their transparency practices. 5) Increase insurance thresholds that enable insurance companies to cover large economic projects. 6) Enacting a new securities law and review the guidelines of establishing a Custodian bank. 7) Opening other specialized markets such as the commodity market and the currency exchange market (Forex) They need an international recognized currency to open a currency exchange market (Forex) (IFSR) International Financial Reporting Standards. The IFRS Foundation is a not-for-profit, public interest organisation established to develop a single set of high-quality, understandable, enforceable and globally accepted accounting standards (IFRS Standards ) and to promote and facilitate adoption of the standards. Go Iraq Go financial sector Go international Go RV
  4. Interesting 🤔 The attacks happened one day before PM Al-Kazemi visit to Iran. “The Iraqi Prime Minister, Mustafa Al-Kazemi, should courageously and directly request Iran to stop its support for armed militias, which threaten the Iraqi state and pose a real threat to the expected Iraqi electoral process, especially since these militias will work to manipulate the results of the elections." Elections through the force of uncontrolled arms in the majority of Iraqi cities." Go Iraq Go elections Go freedom
  5. What I like about this article, is that they are talking about delete of the zeros again. $1 / 1460 = $0.00068 After deleting 000 = $0.68 Go dinar Go delete of the 000 Go Purchasing power
  6. “The Ministry of Trade and Industry in the Kurdistan Region and the Iraqi Ministry of Trade have activated an electronic system that links one to the other. The Kurdistan Ministry of Trade and Industry said in a statement today, Thursday, that the electronic system has been activated, and the first electronic message has been sent between the two ministries.” The e-governance project implementation is moving forward a full speed Since Al-kazemi took the PM position, I only see progress. Iraq is on solid path to become a Middle East powerhouse Go Iraq Go development Go progress Go RV
  7. GREAT NEWS.!!! Al-Kazemi and his team are moving forward in many different areas. GO IRAQ GO DEVELOPMENT GO GROWTH Go RV
  8. “Saleh said in an interview with "Al-Iqtisad News", that Iraq is about to finish paying the compensation for the Kuwait war, pointing out that the remaining amount is estimated at one billion dollars out of 52.4 billion dollars.” Only $1 billion dollar left to complete the Total amount owed to Kuwait for War reparations…… Great news.!!!! At 3% per barrel of oil, it will take Iraq about 120 days of oil production to pay the remaining balance of $1 billion dollars He added that the payment of this amount may take six months, indicating that the mechanism adopted by Iraq to pay the amount was to deduct 3% from each barrel of oil produced. He stressed the need for the government to adopt the same idea of establishing a "generational fund" and depositing part of the oil revenues in it. Lets say they adopt the same idea of 3% from each barrel of oil produced for the generations fund. This is all hypothetical. Barrel of Oil $70 X 3% = $2.1 Oil production 4 million barrels per day X $2.1 = $8.4 million dollars a day $8.4 million dollars X 365 days = $3,066,000,000.00 $3 billion dollars a year for the generation fund. Go Iraq Go Generations fund Go RV
  9. “The end of this year and the beginning of next year, there will be positive reports to be submitted through the concerned Safa Agency to the European Peace Agency in order to lift the European ban on Iraqi Airways." Openness to the World. If you are following the news, you know something good is coming for Iraq and us All the pieces are falling in place.…. If you know what I mean. Go Iraq Go international Go Openness to the world Go stronger dinar
  10. $.50 will make me a multi millionaire. Go RV Go asap Go $1:1
  11. The e-governance project file is one of the important files that receive the care and attention of the Prime Minister," stressing that "the project has reached advanced stages and completion rates." This is huge news.! This is the application of information technology for delivering government services, exchange of information, communication transactions, integration of various stand alone systems between government to citizen, government to business, government to government, Government to employees as well as back office processes and interactions within the entire government framework. More accountability and less corruption.!
  12. “The international community plays a major role in issues of concern to the region and Iraq, and one of the most important of these issues is achieving stability and economic development." The first Axis of the White Papers aka Reforms Project is: - Achieving sustainable financial stability. “The Iraqi economy, similar to the economies of other countries cannot flourish and grow without achieving financial stability in the general budget, and reforming the financial institutions and infrastructure that enable effective management of such reforms. Therefore, the first axis in this paper focuses on achieving sustainable financial stability, which requires: (i) rationalizing expenditures by taking immediate and medium-term measures applicable to the Iraqi environment; (ii) increasing revenues, improving cash flow, and providing the necessary liquidity to meet expenditures; and (iii) reforming financial management systems, to lay the foundations for reform and empower the institutions to effectively and sustainably manage public finance.” Go Iraq 🇮🇶 Go white papers Go development Go growth
  13. Interesting 🤔 The remaining balance of $2.5 billion dollars owed to Kuwait for war reparations will be paid in six months. (September 2021 - March 2022) In my opinion this is a United Nations key factor to let Iraq be part of the international arena. Go Iraq 🇮🇶 Go international Go open market economy Go RV
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