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CNN. Broadcasting From The Roof Of The Parliament Building While Dropping Water Balloons On Unsuspecting GOI Members ! Shhh, Here Comes Al-Sadr In A Spiffy New Designer Tunic ! [bondLady] while i have a hot minute lets look at these 3 arts, these are pretty important things too [bondLady] Hassan al-Bayati: You must deal in Iraqi dinars in investment and business processes to support Date: 25/02/2013 08:46:43 Monday Baghdad (news) According to a member of the Finance Committee MP / coalition in Iraq / Hassan Auzmn Bayati, the importance of handling the national currency, the dinar in the commercial and investment operations to support and promote confidence in foreign dealings. Bayati said (of the Agency news): The most countries of the world to adopt a commercial and investment operations in its national currency, but Iraq is still dependent on the dollar, {This prompted }the value of the Iraqi dinar parked on the price of the U.S. dollar. ... He added: direct the central bank to support the dinar investment will support the national currency and the Iraqi economy, calling to rely on all insider dinar and foreign to increase its value and enhance the confidence of the world and be a competitor of international currencies. The Central Bank of Iraq in search of the 16 of February with the current domestic and foreign banks, investment support mechanisms Iraqi dinar, pointing out that he was seeking to boost his tally including currency makes it controlled LINK [bondLady] heres the first one, what does this mean? dedollarization the biggie and your gonna be a grown up in a grown up society you need to use your own currency for bills and wages and purchases [bondLady] : direct the central bank to support the dinar investment will support the national currency and the Iraqi economy, calling to rely on all insider dinar and foreign to increase its value and enhance the confidence of the world and be a competitor of international currencies, pointing out that he was seeking to boost his tally including currency makes it controlled [shredd] this goes along with the UST article which says a delegation is going to train in international controls to get the currency on par with its neighbors, enhance confidence of the world, the caption above says which, DUH, means it's represntative of one of the wealthiest countries [bondLady] Delegation and the U.S. Treasury Department show his country's readiness to support Iraq's efforts to strengthen its financial and banking system Date: 25/02/2013 19:07:50 Monday Baghdad (news) .. Search Secretary General of the Council of Ministers Ali Mohsen Ismail, on Monday, with a delegation from the U.S. Treasury Department headed by Deputy Minister Mr. David Cohen and his accompanying delegation, ways to support financial and banking system in Iraq and review Iraq's efforts in the activity of anti-money laundering. And between the Secretary General of the Council of Ministers, according to a statement received by the Agency (news), reform steps taken by Iraq on the report FATF for the Middle East and North Africa and on the report of the detailed evaluation of the Republic of Iraq in the fight against money laundering, including the amendment of the law against money laundering and activating the role of the relevant office Drug Control in the Central Bank and other measures. The statement added: Deputy Secretary of the U.S. Treasury expressed his country's readiness to support Iraq's efforts to strengthen its financial and banking system and the transfer of expertise of international control measures and control the movement of funds for the fight against money laundering associated with corruption, crime or terrorism. / End / Q. / GS LINK [shredd] these go hand in hand. doesn't it just seem illogical for a growing economy, one with strong reserves, gold and of course the wealth in the ground [bondLady] to have a 1166 rate? [shredd] the massive infrastructure just ripe with opportunity to have all that.... and being babysat by the USD, right and 1166, so illogical and the first article stating what we have and especially bondlady has all this time. confidence in the dinar is expected, great set of articles [bondLady] ok heres another [bondLady] U.S. Agency for International Development (USAID): giving us 447 thousand billion dollars loan .. And provided 220 thousand jobs Date: 25/02/2013 18:53:41 Monday Baghdad (news) .. revealed by the U.S. Agency for International Development, it has provided support to twelve private institution funded micro-projects by increasing the amounts of loans, training and technical assistance. A statement by the U.S. embassy in Baghdad received Agency (news) copy of it: that the U.S. ambassador in Iraq Stephen Beecroft and Deputy Director of USAID Mission for International Development David Harden celebrated today to mark five years since the launch of the agency for the economic development program in the provinces, known as the "trade" and which is worth U.S. $ 192 million. The statement added: Through partnership and cooperation with the Iraqi Ministry of Trade and the beneficiaries of the project and representatives from institutions Microfinance, managed program "trade" contribute to economic growth in the provinces through the development of services to obtain the necessary funding and business development projects micro and small and medium enterprises. He explained: that the project provided support to twelve private institution funded micro-projects by increasing the amounts of loans, training and technical assistance, and thus was awarded 447 thousand loan totaling U.S. billion dollars and provide 220 thousand jobs. He continued: The project has "trade" also trained more than 8,300 young Iraqi skills Special Projects Department and the workplace in addition to the USAID Mission for International Development has sought actively to support the Iraqi families, including religious and ethnic minorities and those who were displaced inside by granting this class People vulnerable four thousand and 270 loans valued at "21" and a half million dollars. [bondLady] Ambassador Beecroft said during the ceremony: Trade Project was designed to help all Iraqi citizens to obtain financial services, and we believe that all Iraqis must have the chance to start a business and work hard to achieve their dreams and build a future for their families. As Deputy Director of USAID Mission for International Development David Hardin: We are proud to be part of the project contributes to the development of life of many Iraqis, we have to work closely with our Iraqi partners establish sector to finance projects of sustainable micro where can entrepreneurs start of construction or development of their business activities and create jobs and investment in their country. The statement noted: that the economic development program in the provinces, "trade" confirms the commitment of the United States to build a prosperous Iraqi economy and varied as the contents of the strategic framework agreement signed between the United States and Iraq. / End LINK [bondLady] 447 thousand billon dollar loan, giving us 447 thousand billion dollars loan . [shredd] this one speaks of microfinance, Microfinance is usually understood to entail the provision of financial services to micro-entrepreneurs and small businesses, which lack access to banking and related services due to the high transaction costs associated with serving these client categories. [lightingcslt] Shredd like a percentage? [shredd] lending on all levels based on capital needs [bondLady] The project has "trade" also trained more than 8,300 young Iraqi skills Special Projects Department and the workplace in addition [shredd] yup, this is a good reminder that so much of iraq is moving forward, business expansion and success doesn't stop or wait if the climate is right [bondLady] The statement noted: that the economic development program in the provinces, "trade" confirms the commitment of the United States to build a prosperous Iraqi economy and varied as the contents of the strategic framework agreement signed between the United States and Iraq. [shredd] yup, because it will make us money as a country! this whole country keeps moving forward, they are expected to have a dinar along for the ride [bondLady] revealed by the U.S. Agency for International Development, it has provided support to twelve private institution funded micro-projects by increasing the amounts of loans, training and technical assistance. [bondLady] i liked all three articles [shredd] yes, and increasing loans means credit is taking place....ie lending [bondLady] countries bending over backwards to help iraq [shredd] which is investor confidence [bondLady] and to invest in iraq [shredd] no one's walking away from iraq the ball is rolling , the microfinance was good to see. relationship-based banking for individual entrepreneurs and small businesses and group-based models, where several entrepreneurs come together to apply for loans and other services as a group. providing credit for those with little or no credit history, higher risk but the lifeblood of an economy, so iraq is and has been approaching their growth from all the right directions [lightingcslt] Shredd so who are these groups borrowing from? the cbi or investors? [shredd] investors, when banks lend, they sell it right away to a servicer/underwriter who then packages the loans and securitizes them to sell to investors [lightingcslt] Shredd thats where the custodian comes in right? [shredd] lightingcslt depends on how it's structured really yes, both for seller and buyer [player46] here is another good art. Wonder if it is HCL and tariffs... Energy parliamentary: Iraq is about to implement a plan to raise the roof produce and export crude in 2013 Font size Print Email BAGHDAD / Baghdadiya News / .. confirmed to the Commission on oil and energy parliamentary Monday that Iraq is about to implement a new strategy to raise the roof produce and export oil through the current year through the opening of more export channels and develop the infrastructure of refineries and warehouses belonging to the Ministry of Oil. Said committee member Susan Saad told / Baghdadiya News / that "Iraq will raise the volume of oil exports according to a plan prepared in advance, especially and he did not exceed the upper limit allowed for amounts of raw source running through Buoy new that will necessary stops export if the deterioration of the conditions of weather in ports. " She said "Iraq's commitment to the amount of crude source is determined by the extent of the commitment of the Kurdistan region to the specified amount to him, calling on the provincial government to comply with the instructions and agreements with the Federal Ministry of Oil. " The Minister of Natural Resources in the Kurdistan region of Iraq Ashti Hawrami announced negotiating with international companies to manage the oil concession areas, as confirmed halt oil exports to Turkey due to the drop in Baghdad and promises. LINK [shredd] raise the roof [player46] yes I loved that... [shredd] this really ties into what we were just talking about [player46] "Iraq will raise the volume of oil exports according to a plan prepared in advance, [shredd] growing output of liquid gold far surpassing their greatest ouput prior to the war and still have a worthless heritage, sovereign currency? [lightingcslt] of course not [player46] no way.. [shredd] here's a good way to look at iraq's growth agains the dinar, we have all this proof and so much more that iraq is growing in wealth, infrastructure,and at this growing rate, the true value of what the dinar COULD be at continues to grow respectively so, imo, we can project that the longer the delay in starting the new exchange rate regime the greater it will emerge, it's logical [player46] I agree.... strongest in the world.. imo.... [shredd] what would really scare me all this time is if we had dry bones of articles and statistics on iraq's growth' but we have just the opposite they are growing, like bondlady says, in spite of themselves so, even though we don't see the program rate change the fact is, the real value is growing day by day it's not like the country is waiting in its entirety for the dinar to be tradable before they can grow, growth is happening and the dollar is there [bondLady] you know when iraq was at peak production in saddam days it was 3 mbpd (3 million barrels per day) they are already at 2.9 but i think they are probably more [shredd] yes, they are raising the roof [bondLady] but i did see one month last year they did 3.2 mbpd when they first started the floating dock i don't know if their counting that one or not in the total [shredd] yeah that was the number in my head, the 3.2...i was just looking for it [lightingcslt] The U.S. is not the only nation experiencing a renaissance in oil production. Sidelined for two decades by war, sanctions and political instability, Iraq passed a critical milestone last year by producing 3 million barrels a day of crude oil for the first time since 1990, before the Persian Gulf War, reaching 3.4 million barrels a day by December. Given its access to vast reserves at low costs, Baghdad is poised to play a pivotal role in determining whether the world’s growing thirst for oil drives up fuel prices to debilitating levels in coming years. LINK [lightingcslt] dated feb 3 2013 [bondLady] see before, critical milestone last year by producing 3 million barrels a day of crude oil for the first time since 1990, before the Persian Gulf War, reaching 3.4 million barrels a day by December, so its saying they are at 3 mill now and before it was 3.4 and by december 2013 they expect it to be 3.4 [lightingcslt] so basically they are there [bondLady] but they bipassed the original best exports of 3 million , opec is stopping them for going nuts with it ie... like exporting 6 mbpd [tlm724] yes opec regulates the amount any one supplier (country) can export to reduce market munipulation [bondLady] yes they are only allowed a certain amount as all countries are but thats where we see them building all these refineries right now in iraq this way they will refine and store. they were refining through turkey and shipping it back [shredd] all good news and thanks [lightingcslt] wow thank you BL [player46] yes thank you BondLady [tlm724] excellant as always BL thank you [bondLady] thank you all