Questions for Adam's Chat 3-27-2013

[TexasGranny]

Please post your questions below for Adam's Wednesday chat.

 

Please do NOT respond to the questions posted!

 

Responses that are not on topic will be removed!

 

 

[one2one]

chatter on a lot of other dinar sites sez ' RV this week '--not that I believe it of course :

 

the signs look good but too many letdowns thru the years---what say you ?

[Benelli]

Thanks again for everything, Adam. Could you explain the significance and role of the IMF in regards to IQD value and RV? Also is IMF article 4 of as much importance as some have implied?

[ALBUNDY]

Hi Mr. Adam montana. What do you think about this article? Do you think we are close to the RV Mr. Adam montana?Thank you very much for taking your time to answer it.

 

 

 

Salem Al-daini claimed the three zeros deleted project of currency to withdraw counterfeits from the marketplace

 

 

22-03-2013

 

Student Economist Salim Al-daini, the application of the draft Central Bank deleted three zeros from the currency early next year, to eliminate the forged currency in the local market.

He said Al-daini (News Agency): draft three zeros from the currency, deletion would serve the Iraqi citizen in terms of reducing large categories and easily traded, as well as support the economy through the withdrawal of counterfeits, which are widespread in the market.

He added: the project must be applied after you set the kvoaeh management for the Central Bank to be implemented early next year (2014), it is one of the strategic projects in the country.

He noted that the current categories of national currency is easy to damage, forcing the State printing new currencies for every three months and these constitute an additional burden on the State funds for printing new currencies, indicating that the new project would be issued coins up for more than 25 years.

The Council demanded that the Prime Minister earlier in the previous administration for the Central Bank to wait to delete the three zeros from the local currency, saying that a large project and needs sufficient time to apply.

 

Read more: http://www.microsoft...ws.php?id=93179

 

What do you think about this articles, too Mr. Adam Montana?

 

 

 

Iraq filed four billion dollars of his assets in Egypt to strengthen foreign currency reserves

 

 

25-03-2013

Egypt announced on Monday to send a delegation to Iraq's economic planning Minister and the Governor of the Central Bank and economists to agree on details of Iraq's hard currency deposits at the Central Bank of Egypt to support the Egyptian economy almost collapsed because of protests and continuing unrest in the country for more than two years.

The newspaper said the Egyptian delegation that "the Minister of planning and international cooperation of Egypt Ray left Cairo International Airport Monday morning, heading to Baghdad at the head of a delegation on a visit to Iraq take several days to discuss the details of granting Egypt deposit by $ 4 billion added to the country's foreign exchange reserves."

The paper said that "Egyptian Planning Minister left aboard an Egypt air for Baghdad, accompanied by a number of officials including beauty star, Deputy Governor of the Central Bank of Egypt and a number of expert bankers."

She said that the Egyptian delegation is scheduled to meet with Iraqi Planning Minister Ali Shukri, the Governor of the Iraqi Central Bank and legal adviser to the Iraqi Prime Minister and other officials to discuss granting Iraq Egypt deposit of about $ 4 billion in the Central Bank to support the Egyptian economy. "

He was Prime Minister Nuri al-Maliki announced (4 March 2013) at a joint press conference with his Egyptian counterpart Hisham jellyfish in the capital Baghdad, with Egypt exporting crude oil to return to export to Iraq in the form of oil products after refining in refineries, and through the planned pipeline across Jordan, while jellyfish that Egypt is determined to make several economic agreements with Iraq for the benefit of the two countries.

Qandil was visited in Iraq (4 March 2013) is the first official visit of Prime Minister to the country since more than 20 years

The IMF said in a report issued on 21/3/2013 after consultations held in Oman between a delegation from the Fund and an Iraqi delegation led by ware planning to mark that according to field poll conducted by the Central Bank's reserves of 70 billion dollars, the financial precautionary balances in the Development Fund for Iraq rose to 18 billion dollars by the end of 2012, he noted that the rise came from the unexpected oil revenues ", called on the Iraqi Government to end control of banks The State-owned banking sector, stressed that Iraq will strengthen the general financial institutions to ensure efficiency and transparency in the use of oil revenues.

USAID was expected in (3 December 2012) leads the Iraqi economy during the five-year Arabic States, asserting that Iraq possessed all the qualifications to be a powerful country economically.

For years, Iraq is trying to attract foreign capital to develop its economy in the areas of private oil industry and housing and oil and gas extraction, and to the need of funds for infrastructure development and reconstruction, the markobin contend that the lack of interest of the State to the private sector, where investment laws are free of significant safeguards for investors and absence of other laws remain obstacles to the development of the economy as intended.

Iraq depends on who owns the fourth largest oil reserves in the world, 95 percent of its annual oil exports, currently produces around 2 million and 900,000 barrels per day, with exports up to 2 million and 200,000 barrels a day.

The Iraqi Parliament adopted in October 2006, the Iraqi investment law that was said at the time that it would open the door wide to foreign investment, due a lot of facilities to foreign investors, many foreign companies still hesitate because of fear of security instability in Iraq, as a result of the reluctance of investors to come, the law was amended by the House of representatives on October 13, 2009, the most important amendments to the Act giving the right investor Iraqi and foreign ownership of land and real estate belonging to the State allowance determined in accordance with the special regime.

 

Read more: http://www.microsoft...ws.php?id=93592

 

 

 

 

 

 

 

Sihail, World Bank's delegation discuss restructuring Iraqi banks, CBI

 

Sunday, 24 March 2013 16:40

 

 

 

 

 

Baghdad (AIN) -The First Deputy Speaker of the Iraqi parliament, Qusai al-Sihail, discussed with the delegation of the World Bank, the restructuring of the Iraqi banks and the Central Bank of Iraq.

A statement by Sihail's office cited on Sunday "Sihail received a delegation from the World Bank, headed by Sahar Nasir, the senior economist of the financing in the Middle East and North Africa along with the special representative of the World Bank's mission in Iraq and a number of experts at the World Bank where they discussed restructuring the Iraqi banks and the CBI in addition to the projects implemented by the World Bank over the past period."

For their part, "the delegation's members expressed their keenness to give advice for the Iraqi banks and the CBI to improve their performance." /End/

 

 

THE LINK : http://www.alliraqne...itical&Itemid=2

 

 

 

 

 

World Bank restructure the Rafidain and Rasheed in order to raise the value of the Iraqi dinar

 

 

Published on Sunday, 24 March / March 2013 15:39 | Written by: MW / AR / N |

 

 

BAGHDAD / obelisk: counting and Planning Minister Ali Shukri, Sunday, announced the World Bank to start implementing his plans to restructure the government banks Rafidain and Rasheed "It's an important step was waiting for Iraq to raise the value of the dinar."

 

Said Shukri for "obelisk", "The announcement of the World Bank to begin implementation of its plans to restructure the Rafidain Bank and Rasheed Bank government is an important step had been waiting Iraq," noting that "financial welcomed move the World Bank in this direction because this restructuring will ensure the country make the most of these institutions big human Bakdarathma and expertise accumulated by the cadres and joint coordination to guide these estimators. "

 

He added that "the Ministry of Finance confirmed that the plans will be the guarantor of restoring Iraqi dinar of his value economic between foreign currencies and this will be part of this plan," explaining that "the banking sector is suffering in general laziness around to institutions consumer is active in the financial sector the most traffic The boom in the economy in general. "

 

He pointed out that "the World Bank said the Iraqi side that lifted the value of the Iraqi dinar should be a priority as well as he needs to political stability in the country before everything."

 

Noteworthy that the second Gulf War led to a decline in the value of the Iraqi dinar in an unprecedented way to reach the Iraqi dinar to 0.144 U.S. dollars, which led to cripple the banking sector until the year

 

[TexasGranny]

 

[terrilynn]

Hi Adam, A few articles talk about removing Iraq from Chapter 7 to Chapter 6, or Chapter 8. What are the differences? Thank you in advance. Hoping our Easter will be a special celebration.

[TomRiddle]

Your thoughts on our current progress? Last week you gave a window of opportunity(not a date) has that window improved or changed based on recent events, i.e articles pertaining to the banks, IMF, WB, GOI, & Kerry's visit. Also, what's the word on HCL?

[TomRiddle]

Your thoughts on our current progress? Last week you gave a window of opportunity(not a date) has that window improved or changed based on recent events, i.e articles pertaining to the banks, IMF, WB, GOI, & Kerry's visit. Also, what's the word on HCL?

One more thing, what laws we passed on the 26th(today) I read that A lot had to be covered, voted on, etc. Your thoughts.

[scottch]

Adam, I have not asked a question for quite a while, My question is, with all the articles and info that I have seen and read it looks good for an RV this year. Do you think it will happen this year or will we still be waiting until lext spring? Also, in the news section there was an article stating that the CBI will delete the three zeros in early 2014 to eliminate the forged currency, do you think that this will happen? and do you think that the IQD will RV before that happens?

 

Thank you for all you do.

[Candy01]

Hello Adam,

 

I have read a lot online lately that if the RV does not happen by April 15th, then it won't happen for the rest of 2013.

 

What do you think of this??

 

[go4profit]

Hello, Adam.  Thank you for all that you do for this community.  My question is related to John Kerry's trip to the ME and, specifically, Iraq earlier in the week.  We all heard the news channels saying the reasons for his visit (Iran's fly-overs to Syria, election delays, unity in the country, we are your friend, etc) but do you think there were other items on the agenda that may be more relevant to our interests in an RV that were not reported on the evening news?  Thank you.

[millionaire in training]

Hey Adam,

Having had you finger on their pulse for sooooo long now do you feel theres any possibility that there might be a limited cash in time or do you lean more towards us being able to wait for the rate to go up.

I know its a tough call,  but I just want to know what you think ?

[dontlop]

Do ya think we are on target of meeting the 5 trillion 20 year plan for oil ?

 

 The Ministry of Oil had announced that the country’s oil production for the next 20 years would be 60 billion barrels with an estimated value of $5 trillion based on an estimated price of $85 per barrel.

 

19 July 2012

 

Security Council

SC/10716

Department of Public Information • News and Media Division • New York

Security Council

6811

th

Meeting (PM)

http://www.un.org/News/Press/docs/2012/sc10716.doc.htm

[sandfly]

HA ADAM, SNOW ON THE HILLS HERE. HOW DO YOU FEEL ABOUT IMF, AND WB RELINEING THE BANKS. HOW DOES THAT HELP US.