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onerighthand

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Everything posted by onerighthand

  1. Statement by the IMF Mission at the Conclusion of a Staff Visit for IraqPress Release No. 14/124 March 25, 2014An IMF mission led by Carlo Sdralevich, Mission Chief for Iraq, visited Amman during the period March19-24 to meet with an official Iraqi delegation led by Acting Minister of Finance, Dr. Safa Al Safi. The mission also met with the Acting Governor of the Central Bank, Dr. Abdul Basit Al Turki Said, and officials from the ministries of finance, planning, and oil, the central Bank, and the Board of Supreme Audit. The IMF team also consulted with representatives of Iraqi private sector and diplomatic community in Amman. The mission reviewed recent macroeconomic developments and the current fiscal and monetary issues. This work will help prepare the 2014 Article IV consultation with Iraq later in the year. At the conclusion of the mission, Mr. Sdralevich made the following statement from Amman: “Iraq maintained macroeconomic stability in 2013, despite lower than projected oil production and exports. Growth remained solid at 4.2 percent, thanks to non-oil activity of about 7 percent, driven by construction and retail trade. Inflation declined slightly to 3.1 percent from 3.6 percent in 2012, reflecting stable world food and fuel prices. The exchange rate remained stable, and international reserves grew by $7 billion to $78 billion at end-2013 (about 10 months of imports of goods and services). “Economic activity is projected to strengthen in 2014, with GDP growth rising to over 6 percent thanks to oil production of 3.2 million barrels per day (mbpd) and oil exports of 2.6 mbpd, even though non-oil activity is affected by the security situation. “However, in 2013, lower than expected oil revenues and increased spending pressures—largely arising from the difficult security situation—weighed on the overall fiscal performance. As a result, the budget deficit rose to 6 percent of GDP for 2013, financed though the Development Fund for Iraq, which declined from over $18 billion to $6.5 in the course of the year. “The draft 2014 budget envisages large spending outlays reflecting new commitments for security, social assistance and pensions, and transfers to the provinces. To preserve macroeconomic stability, planned expenditure commitments should be scaled down, while preserving key social spending. In the longer run, Iraq should strive to manage well its large, and rising, oil revenues by containing current spending and building up fiscal and external buffers. “In this connection, we also underlined the importance of strengthening public financial management, including budgetary processes, classification, and reporting, and introducing an integrated information system, to help prepare and execute sustainable fiscal policies. “We also discussed progress in the financial sector reform agenda. The Central Bank of Iraq is pressing ahead with the improvement of its operations and the reform of the financial sector by preparing new central bank, commercial bank, and anti-money laundering/combating the financing of terrorism legislation, and introducing a new payment system. However, more needs to be done by the government and the central bank to restructure the large state-owned banks, and leveling the playing field for private banking sector, gradually increasing their access to government business. “The exchange rate—supported by ample international reserves of the central bank—provides a key nominal anchor to the economy and has served Iraq well. We encouraged the Central Bank of Iraq to renew its efforts to liberalize gradually the foreign exchange market, further reducing the spread between the auction and parallel market rates. “We would like to thank the acting minister of finance, the acting governor of the Central Bank of Iraq, and their staff for the productive and candid discussions we had during the mission.” Doh! missed it by that much 99! please remove second posting please.
  2. SHHHHH! Don't tell nobody. The poor guy just needed a vacation, and I for one, don't mind. Instead use the negativity to come up with a useful question. Thanks Buddy
  3. Uh Oh! If true, that does not sound good. Thanks for the heads up
  4. Yep! I agree one of keeping at arms length and under control to me. Stand here!
  5. Too funny and terrifying at the same time! Like a cruise line, do you think they gave her a refund and another free ticket to jump again, since that one did not work out so well? And maybe even a free extra large chap stick to use next time.
  6. I did head the warnings many times over, but priorities? hmmmmm! Medicine or lifetime? What should I do? I purchased 6 month this time cuz I still need my medication.
  7. There was verbiage one time that if you had purchased a VIP membership at a certain time, and it was realized that the RV had happened before that time mark, that your membership might be reversed. I can understand that form of thinking I guess, but what of a person like me where I have purchased consistently and helped support the site, albeit not absolutely without intermission and only being caused by financial reasons in my circumstance anyway? I would be denied. The catch is in my opinion, that a newbie can purchase very close the the RV and be ok, even though that person had not supported the site in the past at all, thus have more rights to belong than the person that just accidentally missed the deadline. With that, I have spent my last dollar to keep safe when it was not happening. I know it is the way memberships have worked since the beginning, but in my mind, seems unjust. Not realizing this would happen, I have more than purchased a lifetime membership yet do not posses one. All I want is the cashin number, and because of financial reasons, cannot afford the rest of the plan (offshore). So I have contributed more than a lifetime purchaser. I just want my darn number and won't cause adam any more effort. Adam has always stated that the effort he would need to put out on people after the rv is the reason the the vip club would be closed. Don't get me wrong. I Do appreciate the site and all that adam has done and provides. I just see injustice where others shrug their shoulders and say that this is the way it is. Technically it is unfair, but is the way it is.
  8. Well I thought he would close if it RV'ed, but it clearly has not, (Yet). If nothing happens real soon, I wonder if he will open registration back up again. But based on what he said, then it is closed now. He warned and scared me into re upping this morning again, though no access as of yet as of the early morning of the next day. He has got me to do it six other times before also. This better be the one, cuz I am really poor and just cannot do it again. I had to put this one on a Credit Card. For your sake and with luck, he will open it up for you, but I would rather have an RV this time. Stop the insanity and get this done for the love of pete!! Oh! I think lifetime is open, but all else may be closed.
  9. OK! but if I go down, I am afraid U gotta go with me
  10. Nah! I don't want to be the cause of someone working sunday. Thanks anyway
  11. ok, thanks It will be hard to wait that long to see whats being said. I have the time on the weekend, and not so much weekdays, but I guess it is what it is. Thanks for the response.
  12. Hello, Can I get access to vip please. Paid this morning and not sure where or who to write to else-wise, but still not working. on another note, I clicked to access vip, and it stated that I do not have pemission, so on that page there is a link that I clicked that was labeled "contact community administrator" where it gave me an address that was noreply@blablabla. The no reply part leads me to think that the link is null or does not truly email. Maybe it does or maybe it does not. Just pointing out a possible problem email address on your sites page. Thanks
  13. IMO they either decided to keep what they have and kill the auctions or raise the price based on the new info. Else, nobody knows anymore than U or I Go RV
  14. almost done thanks adam I won't sleep well tonight.
  15. I heard a quote one time that a positive person is always disappointed, while a negative person is pleasantly surprised once in a while. I take no stance on this. I am just hoping things come together. Rv and get this ride done!
  16. Hasn't anybody learned yet to not take any artical seriously. It will change tomorrow. I just cannot believe that we still arghue and wast energy analizing these articles. Just read the stuff like a cheap novel for entertainment and roll over and go to sleep. My entertainment has been to watch everybody go through mood swings, day and day out, but it is getting old. Up and down and over and back! Holy crap, Batman Maybe the articals are bad to get you to give up your dinars. Who knows!
  17. Yes well thanks for the post, but this has been around since the war end practically. Pretty old!
  18. Well I was trying to relate to the question, and not in relation to the article, at least I was trying too. I gave up trying to understand or put much stock in the verbiage within the articles anymore. I got burned out a year ago, but still going to the end, non the less.
  19. I'll give it a shot, but it is rough numbers and mostly simbolic. Say you spent a thousand dollars and got one million dinars. take that million dinars, and it is now worth a penny a dinar, which now makes that $1,000 worth of dinars worth $10,000. One million times a penny equals 10,000. If it becomes worth 14 cents per dinar, you now have $140,000. your 15% tax on 140,000 is 19,600 dollars, leaving you $120,400.00. 5% spread fee is another $6,000 and so on. Any further tax is a further deduction, but still a great value increase from $1,000 to $140,000 with just a 14 cent increase in value per dinar. million dinars increasing to a dollar each is a million dollars. Hope I am correct roughly and hope that takes the scare out. 8^)
  20. Perfect! That worked. Carefull what you wish for. thank you Markinsa, you rock!
  21. Well thank you for looking into it. I went to where you are refurring, and found that the "follow this forum option was already chosen, which seems odd. So I chose to "unfollow the forum", and logged out. I then logged back in and then chose to "follow this forum". I then looked at my profile under "content I follow" sub section "topics" and clicked on the button called "forums" which opened up to display that I am following the forum "Irac and dinar related news" now and I think was. But? So Now I will see in the morning and go from there. I will follow up and let you know. Thank you again. OOOOPs! it looks like that worked as Ihave three new topics in my inbox. Oustanding! Will followup tomorrow.
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