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screwball

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Everything posted by screwball

  1. So question is how are they going to create the liquidity and fiscal space required to fund reconstruction? Remember it’s an imf requirement to make in their words a sizeable fiscal adjustment to create that fiscal,space and liquidity needed!
  2. Just remember this Exchange rate history as per IMF April 29, 2011 0.000527732, Friday April 30, 2010 0.000566092, Friday April 30, 2009 0.000570626, Thursday April 30, 2008 0.000512352, Wednesday April 30, 2007 0.000516326, Monday April 28, 2006 0.000460244, Friday April 29, 2005 0.000451682, Friday September 22, 2004 0.000466938, Wednesday September 08, 2003 2.53758, Monday April 30, 2002 2.53758, Tuesday April 30, 2000 2.43852, Sunday April 30, 1999 2.38074, Friday April 30, 1998 2.38881, Thursday April 30, 1997 2.3558, Wednesday April 30, 1996 2.21848, Tuesday April 30, 1995 2.04504, Sunday April 30, 1994 2.26323, Saturday April 30, 1993 2.26004, Friday April 30, 1992 2.34852, Thursday April 30, 1991 2.39924, Tuesday April 30, 1990 2.46985, Monday April 28, 1989 2.48283, Friday April 29, 1988 2.32407, Thursday April 30, 1987 2.46269, Wednesday April 30, 1986 2.73556, Tuesday April 30, 1985 3.24557 , Tuesday
  3. Iran plans to reform currency by deleting 4 zeros from monetary unit Source: Xinhua| 2019-04-19 02:32:24|Editor: xuxin TEHRAN, April 18 (Xinhua) -- Iran plans to reform its currency rial by removing four zeros from the monetary unit, the Eghtesadonline news website reported Thursday. The move has been proposed by Central Bank of Iran (CBI) as part of a broader plan to reform the monetary system. The measure calls for fundamental changes to the national currency, including changing the name of the monetary unit from the official rial to the popularly used "toman." Each toman will be equivalent to 10,000 rials if the proposal is passed to become the law by the parliament, said the report. It did not reveal when the vote will be held. The goal, among other things, is to facilitate transactions, cut the cost of printing banknotes and coins, and enhance the efficiency of the monetary system, according to the report. Galloping inflation and rapidly declining purchase power, ballooning volume of banknotes in circulation, fading facial value of the rial against other currencies, and hassles of using large digits in financial transactions are seen as other factors pushing for the reform.
  4. 51 Iran Govt’ Wants to Reform the Rial: Deleting Four Zeros The measure calls for fundamental change to the national currency, including changing the name of the monetary unit from the official rial to the popularly used toman Iran Govt’ Wants to Reform the Rial: Deleting Four Zeros ..... The plan to remove four zeros from the rial is on the government agenda, again. The oft-mentioned move was proposed in the past by Central Bank of Iran as part of a broader plan to revisit the monetary system. The measure calls for fundamental change to the national currency, including changing the name of the monetary unit from the official rial to the popularly used ‘toman’. It stipulates change in the nominal value and the face of bank notes and coins, the government website dolat.ir, reported. “The new national currency toman will be defined to substitute the rial. Each toman will be equivalent to 10,000 rials,” the website said.
  5. 45 Central Bank of Iran allowed to Launch OMO The policy was approved as part of the CBI plan to implement new instruments in its monetary policy, regulate interest rates, curb inflation, and develop a regulated framework for controlling banks’ borrowings from the CBI Central Bank of Iran allowed to Launch OMO ..... The Central Bank of Iran’s policy to launch Open Market Operation was officially approved by the Money and Credit Council – a major monetary decision-making body – on Tuesday. The policy was approved as part of the CBI plan to implement new instruments in its monetary policy, regulate interest rates, curb inflation, and develop a regulated framework for controlling banks’ borrowings from the CBI. OMO is a financial instrument through which central banks buy and sell securities in the open market to expand or reduce money supply. Within the OMO, the CBI buys government bonds to increase the money base (cash reserves), thereby reducing inter-banking lending rates. Selling government bonds decreases the base money and raises interbank rates.
  6. CBI hails FATF suspension of counter-measures on Iran In its statement, which was released on Friday, CBI appreciated Iranian bodies, which paved the way for suspension of counter-measures on Iran by ratifying two bills to amend regulations as regards fighting money-laundering and financing terrorism. Underlining the fact that the Instrument in Support of Trade Exchanges (INSTEX) with Iran is less than Europe’s commitments to avoid failure of Iran nuclear deal known as the Joint Comprehensive Plan of Action (JCPOA), CBI said the parallel companies are being established in Iran soon to provide interaction. “The FATF decided at its meeting this week to continue the suspension of counter-measures,” FATF said in its February 20-22 plenary outcomes report. “While welcoming the passage of the Anti-Money Laundering Act, the FATF expresses its disappointment that the Action Plan remains outstanding and expects Iran to proceed swiftly in the reform path to ensure that it addresses all of the remaining items by completing and implementing the necessary AML/CFT reforms,” it added. FATF went on to say “in August 2018, Iran has enacted amendments to its Counter-Terrorist Financing Act and in January 2019, Iran has also enacted amendments to its Anti-Money Laundering Act.” “The FATF recognizes the progress of these legislative efforts. The bills to ratify the Palermo and Terrorist Financing Conventions have passed Parliament, but are not yet in force,” it reiterated. The Financial Action Task Force is an intergovernmental organization founded in 1989 on the initiative of the G7 to develop policies to combat money laundering. In 2001 its mandate expanded to include terrorism financing. In 2009, FATF blacklisted Iran for the first time. 9376**1420 Follow us on Twitter @IrnaEnglish
  7. Business And Markets April 14, 2019 19:09 Central Bank of Iran Reactivates UAE Currency Channel ..... After previously limiting foreign exchange transactions in the United Arab Emirates, the Central Bank of Iran has reportedly reactivated the remaining channels there to help increase hard currency supply inside the country. According to a report by Fars News Agency, the move comes after the CBI wanted to completely transfer Iran's currency trading hub to Iraq but later had a change of heart.
  8. Exactly.....you have to be in it to win it...nev r put all your eggs in one basket
  9. Iran is considering deleting 4 zeros from its currency and introducing a new currency 17:52 - 16/04/2019 Information / Baghdad .. Iran's central bank has submitted a proposal to amend the country's monetary system, including the deletion of 4 zeros and the introduction of a new currency, after the devaluation of the riyal to record levels due to US sanctions. According to the agency "Fares", the economic committee in the Iranian cabinet is considering this proposal, which offers "Altuman" a new currency for Iran. In its proposal, the Iranian central has set a gradual transition from the riyal to the 24-month Toman, with the aim of withdrawing the old banknotes and replacing them with new notes. By eliminating the four zeros, Iran aims to facilitate and restore the role of payment instruments in local monetary transactions, reduce the cost of printing and publishing paper currency, and maintain the viability of the monetary system over the coming years, in addition to facilitating the exchange of the national currency against other international currencies. Finished 25 s https://www.almaalomah.com/2019/04/16/400626/
  10. I can buy anither 100,000,000 shares by then...
  11. You would think auctions would have to stop....trading in each owns currency makes no difference if usd are still sneaking over the border and be Ng smuggled out through auctions. They must end.
  12. I have mine set up with a MasterCard already and works quite well...just ready and waiting meantime buying more shares...as many as I can for as long as ai can...compounding and reinvesting
  13. And this is where we will get to see 3,000-13,000 returns....easy money for those that took the time to invest
  14. CBI, Iraq,ISX, Economists fear the process of lifting the zeros of the Iraqi currency. Baghdad, March 25 / March (Rn) – The number of Iraqi economists to start deleting the zeros would hinder the development of the Iraqi market for securities because it will cause the reduction of foreign equity to 20% after it experienced during the current year 80%. He said an economist and professor at the University of Mustansiriya Radi al-Husseini, told the Kurdish news agency (Rn) that “the stock of Foreign Affairs of the Stock Exchange will drop to 20% if the Iraqi Central Bank to raise three zeroes from the local currency, because it is not something organizationally, but beyond that where it causes obstruction financial transactions, including block the signing of an agreement with the brokerage firm, in addition to delay the signing of authorization form with the brokerage firm because foreign investors believe that the change of currency will reduce profits. ” “The central bank has to choose the right time to delete the zeros of the local currency in coordination with the Iraqi market for securities to avoid any confusion regarding the lifting of banking transactions.” Authority announced the Iraq Stock Exchange yesterday that the deletion of three zeros from the local currency will not affect the level of equity investment of external and internal. In turn, the director of the economy and Iraq’s oil Abdul Halim Kazem’s (Rn) announced today that “the decision of the Central Bank of identifying the first of next year’s date for the flow of the new Iraqi dinar is reason to wonder, as he did not use any coordination with the Iraq Stock Exchange regarding the selection of the time to start pumping dinar new. ” He added that “the Iraq Stock Exchange where the shares have risen this year by 85%, which is good, and this increase comes because of the regulatory policy pursued in attracting foreign equity and the development of the banking sector.” He pointed out that “talk that is not true organizational being included in the infrastructure of the financial dealings and particularly the foreign investors and may cause delay in the development of the opening of financial markets in other provinces of Basra and Arbil.” And announced that the Securities Commission for enforcement of stop starting from today until next Thursday in response to the holiday announced by the Iraqi government. According to Executive Director Abdul Razzaq al-Saadi (Rn) that “the deletion of zeros from the local currency no more than is organizational and it will not affect the level of trading stock investment foreign and domestic,” noting that “the continuous coordination with the Central Bank to regulate the process of deleting the zeros and confidence that he will not affect the level of internal and external trading of the shares of stock. ” He pointed out that “the Iraqi market for securities has similar specifications to international standards, which represents investor confidence, which contributes to strengthening the Iraqi market for securities in achieving economic development.” And started the Iraq Stock Exchange initial preparations for membership of the global market, has also announced the initiation of e-filing for companies foreign and domestic investment, rather than filing paperwork. The Stock Exchange of Iraq has started operation in 2004, and shifted from manual trading to the use of screens handle electronic in 2009 and open for trading two hours a day five days a week, and the banking sector is the largest in the exchange, which also includes the shares of industrial companies and insurance companies, hotels and agricultural companies. The central bank says it completed a road map to get rid of the three zeroes. Also announced that the Economic Committee in the Iraqi Parliament, last Thursday, they formed the Central Bank of Iraq with a joint committee to begin the process of deletion of zeros from the local currency. And stresses the Securities Commission of the government’s position to delete the zeros and says that adversely affect the financial trading in the stock market. It is worth mentioning that the Central Bank of Iraq’s four branches in Basra and Sulaymaniyah, Erbil and Mosul, which was established as a bank independent Iraqi under the law of the Central Bank of Iraq issued on the sixth of March / March 2004, which is responsible to maintain price stability and the implementation of monetary policy, including exchange rate policies and management foreign reserves and the issuance of currency management, as well as to regulate the banking sector. The main tasks of the Central Bank in managing monetary policy in the country and raise the level of the value of Iraqi dinar and tackle inflation. sorry no link from several years ago
  15. Thursday January 26, 2012 Economic seminar organized by the Knights hope .. The presence of a number of politicians, economists, specialists .. Symposium discussed the step the Iraqi Central Bank to the deletion of zeros from the dinar and approval of a new currency, which is scheduled to start in the next year .. Specialists, economists indicated that the resolution and, despite his studies by the Central Bank of Iraq and approved, but a political decision that must be decided by the result as soon as the holds of the benefits to the Iraqis. D. Porose peace / economic expert (The decision to change and delete the zeros and approval of a new currency is a political decision which is in the crucible of life of the new Iraq to be possible after 2003 and the challenge in front of decision makers and also the public's demand in order to improve living standards for the Iraqi people). The different specialists, economists in the issue of deletion of zeros to raise the price of the Iraqi dinar in relation to their usefulness perceived or not While criticized by some of them the process because of what they called its support for the economy of rent found others that the matter does not exceed facilitate banking transactions which are common in countries emerging from crises such as Iraq. D. Abdul Hussein Al-Anbuge - economist ((Supposed to be the picture of the economy reflected in the exchange rate of the dinar and including that picture of the economy did not improve after thus supposed to be the dinar exchange rate is not raised that way now because it helps to promote the phenomenon of economic rent and makes imports cheaper and thus deepening of this phenomenon leads to a sense of citizens that he should Abakh imports)) D. The appearance of Mohammed Arif ((The subject is feminine figures, the truth is nothing but .. all the countries emerging from conflict and its currency bearing categories zeros are many with the installation of a weak, in fact remove these zeros to facilitate the exchange and improve the efficiency of the system from the door of exchanges of cash is only a part of the duties of the monetary authority to provide payments system cash is easy and a facilitator. Observers believe that the central bank starts the process of removing the zeros from the Iraqi dinar, which can be achieved by this matter of the positive impact on the economic landscape that dominates the Iraqi Marjaheen these pros on some of the negatives that may appear after the replacement of old currency for new currency proposed. http://www.alsumaria.tv/ar/Iraq-News/1-73156-.html
  16. From old.. Scientific symposium at the University of Baghdad for the deletion of zeros from the Iraqi currency Tuesday June 26, 2012 BAGHDAD - and babysit - Institute of Higher Studies for financial and accounting at the University of Baghdad, a scientific symposium for specialty delete the zeros of the Iraqi currency with a number of researchers and specialists in the economic and fiscal policy in Iraq. A statement by the Ministry of Higher Education and Scientific Research: "The seminar, titled (delete zeros and its impact on the Iraqi dinar exchange rate) included the dumping of four lectures on monetary policy and the deletion of zeros and the exchange rate in the Iraqi economy. He added: "The deputy governor of the Central Bank of the appearance of Mohammed Saleh said in his lecture, titled (monetary policy and the deletion of zeros) that the new change will not affect the entry of citizens or their wealth or contractual obligations to them, but it will contribute to the cancellation (dollarization) the large amounts of transactions banking. The statement continued: "The lecture was about the other three / exchange rate fluctuations causes, consequences and treatments and / / Why raise the zeros and / / delete the zeros of the Iraqi dinar.
  17. These are my favourite words from old Economic Committee confirmed that the deletion of zeros will lead to an increase in the value of the Iraqi dinar and will have positive repercussions, including a reduction in unemployment and poverty rates in the country.
  18. Seminar (delete zeros from the Iraqi dinar) 2019-03-27 Under the patronage of the Dean of the Faculty of Knowledge University Dr. Yaqub Nazim Ahmed, the Department of Finance and Banking Sciences held today, 2019/3/27, and on the conference hall a scientific symposium entitled (delete zeros from the Iraqi dinar) was divided into three axes The first axis: the concept of deleting zeros from the Iraqi dinar, provided by Assistant Professor Dr. Ali Abdul Hadi Salem. The second axis: the expected results of the deletion of three zeroes from the Iraqi dinar, M. Mahmoud Abdelkader Sweid. The third axis: the experiences of some countries in the process of deleting zeros, M. Mohammed Juma Rahim. The seminar was attended by the Dean's Assistant for Administrative Affairs, the heads of the scientific departments, faculty members and staff as well as guests from various departments of the State. http://auc-edu.org/index.php?content=conf&conf=20
  19. They held anither symposium back in 2012-2013i believe...do we have link?
  20. Iran registers STFI, mechanism proportionate to INSTEX: CBI governor TEHRAN, Mar. 20 (MNA) – Governor of the Central Bank of the Islamic Republic of Iran Abdolnaser Hemmati said Wednesday that Iran has registered a mechanism called ‘Special Trade and Finance Institute (STFI)’ in proportionate to EU-established INSTEX. The registering of this mechanism was done on the last working day of Iranian calendar year 1397, on Tuesday, he said, adding, “it is expected that STFI’s cooperation with INSTEX would play role in facilitating trades between Iran and Europe and be influential in countering limitations caused by US sanctions.” Iranian people and firms are expecting quick operationalization of INSTEX and the establishment of STFI by the Iranian side is a major step to facilitate the process, he added. He went on to say that CBI is using different solutions to answer the needs of Iranian firms and traders and that STFI is only one of the means for doing so. In late January 2018, European signatories of JCPOA (Joint Comprehensive Plan of Action) announced the establishment of a special trade mechanism dubbed as INSTEX (Instrument in Support of Trade Exchanges) in a bid to save JCPOA after the withdrawal of the United States from it. INSTEX is registered in Paris and headed by German banker Per Fischer who visited Iran last week and discussed the status of the mechanism with Iranian officials. The mechanism is said to initially cover trades of food, medicine and medical devices and to gradually include other areas. MAH/IRN83249429
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