Central Bank trading 7 trillion dinars per month in the form of fees and services

[Carrello]

Central Bank trading 7 trillion dinars per month in the form of fees and services

09/12/2012

BAGHDAD / JD / .. Central Bank confirmed that the Iraqi economy means widening phenomenon of government spending, stressing that he is trading at 7 trillion dinars monthly wage and services.

The deputy governor of the Central Bank of the appearance of Mohammed Saleh Agency correspondent / JD / that the Iraqi economy is suffering from widening government spending, adding that the central bank manages 7 trillion dinars famous and often in the form of wages or services while the wheel production almost stopped when compared to corresponding neighboring Iraq.

Saleh added that there is tremendous pressure on the economy through the import intensity of hard currency for goods and services, and in return is not the introduction of one dollar for Iraq.

And: that Iraq is not a country attractive to invest in when they are out of large amounts of dollars and are not investigating the fate, calling for the need to ensure the safety of financial transactions for trading business which is the central bank one of the parties, should also ensure the safety of financial transfers to the outside Iraq and the follow-up work on the codification of expenses to the extent equal to achieve the desired development outcomes. Finished / 20 /

My link

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[rockfl9]

Iraqi's look like Democrats .. They are spending MORE than income....Cant se how the value of the dinar can increase in the near future... ...

[yota691]

Iraqi's look like Democrats .. They are spending MORE than income....Cant se how the value of the dinar can increase in the near future... ...

Lopping not going to Help the situation either!! I didn't neg you this time!!

[zigmeister]

One minute they are knee deep in cash the next they are knee deep in dinar. Well the pressure is on.

[Carrello]

Iraqi's look like Democrats .. They are spending MORE than income....Cant se how the value of the dinar can increase in the near future... ...

Friend, you may want to brush up on your economics over at Forbes Magazine, a right wing mag:

FORBES: Obama is the Smallest Government Spender Since Eisenhower

It’s enough to make even the most ardent Obama cynic scratch his head in confusion.

Amidst all the cries of Barack Obama being the most prolific big government spender the nation has ever suffered, Marketwatch is reporting that our president has actually been tighter with a buck than any United States president since Dwight D. Eisenhower.

Who knew?

So, how have the Republicans managed to persuade Americans to buy into the whole “Obama as big spender” narrative?

It might have something to do with the first year of the Obama presidency where the federal budget increased a whopping 17.9% —going from $2.98 trillion to $3.52 trillion. I’ll bet you think that this is the result of the Obama sponsored stimulus plan that is so frequently vilified by the conservatives…but you would be wrong.

The first year of any incoming president term is saddled—for better or for worse—with the budget set by the president whom immediately precedes the new occupant of the White House. Indeed, not only was the 2009 budget the property of George W. Bush—and passed by the 2008 Congress—it was in effect four months before Barack Obama took the oath of office.

Accordingly, the first budget that can be blamed on our current president began in 2010 with the budgets running through and including including fiscal year 2013 standing as charges on the Obama account, even if a President Willard M. Romney takes over the office on January 20, 2013.

So, how do the actual Obama annual budgets look?

Courtesy of Marketwatch-

In fiscal 2010 (the first Obama budget) spending fell 1.8% to $3.46 trillion.

In fiscal 2011, spending rose 4.3% to $3.60 trillion.

In fiscal 2012, spending is set to rise 0.7% to $3.63 trillion, according to the Congressional Budget Office’s estimate of the budget that was agreed to last August.

Finally in fiscal 2013 — the final budget of Obama’s term — spending is scheduled to fall 1.3% to $3.58 trillion. Read the CBO’s latest budget outlook.

http://www.forbes.com/sites/rickunga...-barack-obama/

[skitealwedrop]

Iraq needs to present audited financial statements, KPMG (offshore) excluded.

Personally, I would love to see a factual balance sheet of Iraq. The numbers are there. It depends how the Iraqi's choose to run their country. Iraq is failing miserably today.

Edited September 13, 2012 by skitealwedrop

[VanessaL4100]

Iraqi's look like Democrats .. They are spending MORE than income....Cant se how the value of the dinar can increase in the near future... ...

awe I didn't neg ya. lol I plused ya. I thought it was funny. apparently not all of us on here are Republicans.

[skitealwedrop]

American politics is once again thrown into the mix of a thread pertaining to the CBI. The two have nothing in common.

[SocalDinar]

Thanks Carrello

Saleh may be hinting here that they need tarriffs attached to these goods and services.

[SocalDinar]

Iraqi's look like Democrats .. They are spending MORE than income....Cant se how the value of the dinar can increase in the near future... ...

Government spending and waste is truly bipartisan. Neither party has a monopoly on this.

To many other positives and increases in their economy for it not to revalue. Question is will it be a gradual slow process or not

[bamagirl]

American politics is once again thrown into the mix of a thread pertaining to the CBI. The two have nothing in common.

It is less than 2 months until election... I think American politics is consuming most of our thinking right now.

[TrinityeXchange]

thanks Carrello. i am going to have to spend more time digesting this article. it is saying a lot here.

you all do such an outstanding job circling the globe for news and centralizing here for us to digest. i am really appreciative.