The central bank is considering taking important measures to promote development and job creation

[King Bean]

LGD genius.

[Deb45]

"Iraq is gonna be the Great Babylon and bring wealth to the nations of the world for it is written. Seems Abadi is preparing for something major for the Iraq economy. The dinar will NOT be fiat backed IMHO but asset backed by oil and gold. We are witnessing history on  ALL fronts in the world right now."

So right. It's biblical that iraq is the world power in end times. Just saying......

[lillymoon]

Central Bank of ending the draft law and is preparing to participate in the development
January 21st, 2015                                                                                                                                               
Parliamentary committee: two projects working on "Edit investment"
BAGHDAD - promised Shammari:
Committee announced its economy and investment representative, on Wednesday, for the end of the drafting of "preliminary draft" of the legal new Central Bank and the modification of private banks No. (94) for the year 2004, pointing out that these two projects will work with the amendment in force investment law in order to support the economic situation as well as to open the door in front of more resources to address the current financial crisis.
This comes at a time when the Central Bank revealed his initiatives and actions to promote job development and job creation.
Said committee member Nora Albjara to "New Morning" that "we collected a meeting with the Governor of the Central Bank on the Keywords middle of this week, we discussed the challenges facing the economic situation in Iraq."
She said the "Keywords promised support economic development by opening the door to private banks, which in turn supports the economic, agricultural and industrial sectors," indicating that "it is providing loans to entrepreneurs, and facilitate the opening major community banks."
She Albjara regret "because most of the private banks in Iraq, which is supposed to contribute to the economic improvement, are run by individual personalities is competent.
And do not have a positive impact on the overall situation. "
Although acknowledging the former parliament to amend the investment law, but a member of the parliamentary Economic Committee found "insufficient to cope with the current situation; because it intersects with other legislation and therefore the new amendment came without a trace," and promised a "legal central bank and banking influential hinder development."
, However Albjara "so that the foreign investor was found, it will work in the southern regions, and we provide a safe environment; because the western and northern provinces suffer from a security deterioration," he demanded to "provide facilities for foreign funds because they are vulnerable to competition from nearby Arab markets, and if the foreign investor hair concern it will leave the neighborhood and go to our legislative efforts in vain. "
And revealed the "end of the Central Bank to formulate a preliminary draft of the new law and amend the Banking Act, which will work together with the amendment of the Investment Law in order to boost economic development in the country," Msttrdp that "both projects would find new resources of the country away from oil that contributes to heal the part of the crack the financial crisis. "
And completed Albjara saying that "drafts are still in the custody of the Central Bank, and it is hoped will soon refer them to the government and then to the House of Representatives for approval as soon as possible."
These developments came in conjunction with the announcement of the Central Bank of Iraq in a statement: "New Morning received" a copy of which he was "studying the initiatives and actions to promote job development and job creation."
The bank added that "the initiative is in line with the law and in the light of the financial challenges facing the country now."
The central bank held daily for the sale and purchase of foreign currencies with the participation of Iraqi banks sessions, with the exception of public holidays in which the Bank will depend on these auctions, sales and be either in cash or in the form of money orders sold out in exchange for a certain commission.

http://www.4.hathalyoum.net/441293.html

[MyLadiesDaddy]

LGD genius.

LOL, you're too kind.

I had to chuckle and then I thought nah ,"ROAD SCHOLAR".

Lilly, Thanks.

I'm getting so excited.

[_RFJ]

Sounds like their intention here is to assist private banks in providing loans / small business loans to create jobs / bolster the economy.

That said, I'm no expert.

[yota691]

Coordination and control are important factors for the development of the economy

 

 

        

1/24/2015 0:00 

Proactive banking procedures that prevent errors
 BAGHDAD Mustafa al-Hashemi, 
after the Central Bank of Iraq announced that he is considering initiatives and actions are important for the promotion of development and job creation in line with the law and in the light of the financial challenges, the President Association of private banks in Iraq and Wadih Handal said the central pay attention to the initiative made ​​by the Association for the development of the banking sector and the work of banks and nurtured to play a primary role in the economic development and access to the desired end represented by the role of the directorates of control over the banks. 
He added that it is the backbone and directed the President, and the practice of Proactive control, supervision and prevention in order to avoid falling into the errors that may affect the case of aggravation to damage the reputation of In general the banking sector and questioning effectively Central Bank in this regard. 
The relationship with the banks 
, said Handal told the "morning" that the central bank expressed interest in this subject "and seeks to rebuild the relationship with the banks on a new basis check the common interests of all parties through the consolidation of the concept of consultation and coordination and consolidation exercise the role of preventive censorship calendar and focus on the key risks in the interest of real protection to the work of banks, which avoided falling into the adverse credibility caveats and then the reputation of the banking sector. " 
He said the issuance of a letter from the central bank thanked the governor, Dr. Ali Keywords Association on this important initiative, which reflect the desire of the Association in the development of the banking sector and the work of banks in Iraq through cooperation and coordination with the Central Bank of Iraq. 
He Handal to take several steps to support this approach by saying: "We have taken a number of actions and decisions that support our approach, and we will continue with this approach, and we are still working to complete this half down to build a positive relationship strengthened the role of the banks. " 
jobs, jobs 
banks play a major role in the economy as the body which funds various projects, whether medium or small by providing loans to projects which contribute to create jobs or jobs which would reduce unemployment and provide additional incomes for families, reinforcing steps Iraq's progress towards prosperity Alaguetsada.wabdt Association satisfaction with these statements about the initiative, especially as the country is undergoing a significant and near approving the budget and blessed CBI steps important in this regard. 
government program 
The government program and especially the false axis private Thirdly encourage the shift to the private sector and paragraph (d) thereof, which defines tracks and public mechanisms for the development of the banking business, pointing out that they need to make great efforts of the relevant government agencies in the private banking sector to overcome challenges and obstacles to reform and development of the Iraqi banking sector. 
pre-emptive censorship 
emphasizes the importance of strengthening the role of pre-emptive censorship to curb laundering and smuggling money experts, and develop a proactive plan to address the financial collapse that may suffer from some private sector banks because of the current circumstances until surpassed by the year 2015, and argued the need to develop programs for continuous cooperation between the government and private banks with unification treatment of the parties and to develop new criteria for the classification and evaluation of banks in the light of the financial indicators and measuring the efficiency of their performance and their role in contributing to economic development. 
He returned Handal to acknowledge that the Association in constant contact with the central bank During her seminars and workshops designed to develop the banking business, reminding that the most recent The symposium (brainstorming about the performance of the Iraqi economy - the possible options) which was attended by Minister of Planning and Salman Jumaili and Director of the Office of Prime Minister Mahdi Keywords and representatives of the Iraqi Central Bank and Ministry of Finance and Investment Authority and economists and the Association of private banks in Iraq, which has participated as a speaker president in the event . 
 gave the President of the Association meek ​​Handal speech in which he referred to the most important steps the government has taken an Iraqi private banks to grant immunity against obstacles and interference from some quarters that hamper their work, especially its role in the fight against unemployment and poverty.

Read more: http://dinarvets.com/forums/index.php?/topic/195203-coordination-and-control-are-important-factors-for-the-development-of-the-economy/#ixzz3PjKpF1R0

[yota691]

Add this..Thanks LM Great Find...Finalization of the initial draft of the Central Bank and the legal amendment banks

BAGHDAD - Iraq Press - January 24: In the House of Representatives Economic Committee revealed the completion of the drafting of the initial draft of the new legal central bank and private banks Amendment No. (94) for the year 2004.

 

Said committee member Rep. Nora Albjara L / Iraq-Presse / that "these two projects will work with the amendment in force investment law in order to support the economic situation as well as open the door for more resources to address the current financial crisis," she said, adding that "a meeting gathering members of the Economic Commission Governor of Bank Central on the Keywords been a discussion of the challenges facing the economic situation in Iraq and the Governor of the Central Bank promised to support economic development by opening the door to private banks, which in turn supports the economic, agricultural and industrial sectors by providing loans to entrepreneurs and facilitate the opening major community banks. "

 

He pointed out that "most of the private banks in Iraq that are supposed to contribute to the economic improvement is individually managed by the figures is a competent and have a positive impact on the overall situation," asserting "end the central bank to formulate a preliminary draft of the new law and amend the Banking Act, which will work together with the amendment influential investment law in order to boost economic development in the country, especially since the two projects from would find new resources of the country away from oil contributes to the bridge portion of the crack of the financial crisis and drafts what Tzalan in the custody of the Central Bank and it is hoped refer them soon to the government and then to the House of Representatives for approval as soon as possible. "

 

Read more: http://dinarvets.com/forums/index.php?/topic/195243-finalization-of-the-initial-draft-of-the-central-bank-and-the-legal-amendment-banks/#ixzz3Pk2banEN

and one more...few days old...

Central Bank of ending the draft law and is preparing to participate in the development

 

 

 

 

Parliamentary committee: two projects were working on "" Edit Investment # Baghdad - promised Shammari: Committee announced its economy and investment representative, on Wednesday, for the end of the drafting of "preliminary draft" of the legal new Central Bank and the modification of private banks No. (94) for the year 2004, pointing out that these two the two projects will work with the amendment of the Investment Law in order to support the economic situation as well as to open the door for more resources to address the current financial crisis. This comes at a time when the Central Bank revealed his initiatives and actions are important for the promotion of development and job creation.She said committee member Nora Albjara to " New Morning, "" The meeting gathered the Governor of the Central Bank on the Keywords middle of this week, in which we discussed the challenges facing the economic situation in Iraq. " She added that "Keywords promised to support economic development by opening the door to private banks, which in turn supports the economic, agricultural and industrial sectors," stating that "it is providing loans to entrepreneurs, and facilitate the opening major community banks." She Albjara regret "because most of the private banks in Iraq, which is supposed to contribute to the economic improvement, are individually managed by the figures is competent. and do not have a positive impact on the general situation. " Although acknowledging the former parliament to amend the investment law, but a member of the parliamentary Economic Committee found "insufficient to cope with the current situation; because it intersects with other legislation and therefore the new amendment came without a trace," and promised a "legal central bank and banking influential hinder development" , however Albjara "so that the foreign investor was found, it will work in the southern regions, and we provide a safe environment; because the western and northern provinces suffer from a security deterioration," he demanded to "provide facilities for foreign funds because they are vulnerable to competition from nearby Arab markets, and if the foreign investor hair concerned it will leave the neighborhood and go our legislative efforts in vain. " revealed "an end to the central bank to formulate a preliminary draft of the new law and the amendment, which will work together with the amendment in force investment law, banking law in order to strengthen economic development in the country," Msttrdp that "both projects would create new resources for the country away from oil contributes to the bridge portion of the crack of the financial crisis. " The completed Albjara saying, "The drafts are still in the custody of the Central Bank, and it is hoped refer them soon to the government and then to the House of Representatives for approval as soon as possible."These developments came in conjunction with the announcement of the bank CBI said in a statement received "new morning" a copy of which he was "studying the initiatives and actions to promote job development and job creation." He added that the bank "initiative comes in line with the law ....

[MyLadiesDaddy]

undergoing a significant and near approving the budget and blessed CBI steps important in this regard.

Read more: http://dinarvets.com/forums/index.php?/topic/194990-the-central-bank-is-considering-taking-important-measures-to-promote-development-and-job-creation/page-2#ixzz3PlGFPcZR

 

So the budget, blesses the CBI important steps. 

 

It seems that this yrs budget really does have something to do with the RV. 

 

 

Central Bank of ending the draft law and is preparing to participate in the development

Read more: http://dinarvets.com/forums/index.php?/topic/194990-the-central-bank-is-considering-taking-important-measures-to-promote-development-and-job-creation/page-2#ixzz3PlHYbAfI

 

Clearly, ending the draft law, is referring to the passage of the budget. 

 

At which time the CBI will participate with the  countries development, and job creation. 

 

After yrs of reading Arabish you begin to understand what there saying. And to be honest

 

I almost can't believe what I'm seeing.

 

Are they actually telling us there going to RV?

 

I'm beginning to understand now why Adams and his advisers are so excited.   

[Laid Back]

I beleive the 2015 budget and the new dinar rate are tied.!

The latest articles from the CBI are pointing in that direction.

Is coming

Go Iraq

Go budget

Go dinar

Go strong $1.13:1

BIG January 2015

[TBomb]

GREAT THREAD YOTA - THANKS

[idplzr]

Great thought processes going on in this thread! It's truely amazing what we are seeing in the news, but for me it's even better watching how everyone involved in this thread discussion is bouncing thoughts together to put the puzzle together.

[chinadawg]

Ive got a major problem !!!!!!!!!!!!!!!!!!.........I can"T........ decide on a Rolls or a Bentley. .............................. :backflip:

[Freedomwish]

I almost can't believe what I'm seeing.

 

Are they actually telling us there going to RV?

 

I'm beginning to understand now why Adams and his advisers are so excited.   

 

LGD, 

 

Things are certainly shaking up in Adam's office for sure!! 

[Candy01]

VERY nice problem to HAVE, chinadawg!!

 

[SnowGlobe7]

i have read and reread this...I am loving it!!!!

["Fred"]

Ive got a major problem !!!!!!!!!!!!!!!!!!.........I can"T........ decide on a Rolls or a Bentley. .............................. :backflip:

I've seen a lot of Bentley's riding around the Naples Florida area but when your cruising in a Rolls Royce your the man,i'd be happy with the Bentley.

[yota691]

add this..post 31...Planning announces the completion of the economic plan for the ordinary 2015 - 2018

• Agency eighth day
• January 25, 2015, 11:17
• No comments
• 17 Reading

 

BAGHDAD - ((eighth day)) The Ministry of Planning, on Sunday, and put them on an economic plan for the coming years, depending on the shift towards the private sector and the restructuring of state industries, in order to improve the standard of service and standard of living.     According to a statement of the ministry, "it was the finalization of the economic plan for the years 2015-2018 in light of the government program," adding that "the program is based on upgrading the service and the standard of living of citizens through the development of the economy and ensure consumer protection and the resolution directed the Iraqi economy to a market economy and abandonment progressive state for economic activities and the development of foreign trade and transit trade and free zones and to reconsider the financial, fiscal and monetary policies. "     He added that "the fundamental pillars of the plan are to encourage the gradual shift towards the private sector, and the restructuring of state-owned industries by promoting strategic partnerships with foreign and local investors qualified."     The statement said that "The plan also seeks to activate the work approved national Balstrutejiat related to investment in the private sector and support investment in various sectors, as well as the development of banking and commerce and activating the role of government-owned banks and private banks areas, depending on the development of short and medium-term fiscal policy and raise the level of coordination between fiscal and monetary policies. "         It pointed to "take the five-year plan into consideration in the framework of maximizing the economic resources, emphasis on the application of the local product protection and consumer protection laws, and increased oil and gas production to improve the financial sustainability of the accompanying increase Alkhoznip energy for oil and gas," he "to continue the administrative and financial reform of the institutions of the process government to continue the reform of the public financial management system through private electronic application system in this administration, as well as the organization of the local federal relations. "

Read more: http://dinarvets.com/forums/index.php?/topic/195193-ministry-of-planning-looks-like-were-getting-a-new-undp-for-2015-2018/#ixzz3PptWDSfT

[yota691]

add this..

Iraqi Central Bank building in central Baghdad Imaging (Mahmoud Raouf)

The central bank to take "Tdabira to boost liquidity" and to facilitate the sale of foreign currency measures

 

Author: ASJ, HH 
Editor: AR, HH 25/1/2015 16:52 Number of Views: 23 

 

 Long-Presse / Baghdad

Central Bank of Iraq, announced on Sunday, to take the necessary measures to boost liquidity in the banking system, while decided to facilitate the procedures for the sale of foreign currency "to sustain the exchange rate,"

The central bank said in a statement received (long-Presse) a copy of it, "The House of the Iraqi Central Bank administration to convene a special session on Sunday to discuss the financial situation in Iraq and decided to take the necessary measures to boost liquidity in the banking system so that it could carry out his duties usual measures."

The bank said that "these measures will enable us to acquire government debt instruments so as to enhance sustainable development and job creation and prosperity."

He pointed to the bank in his statement that he "decided to facilitate the sale of foreign currency in cash and transfer procedures in order to facilitate the perpetuation of the market and exchange rate stability."

The Central Bank of Iraq, had announced (18/01/2015), that the financial reserves of Iraq and a half times the equivalent of twice the money supply, they returned it was "best rates" in the countries of the world, as he emphasized that Iraqi financial institutions are "unable" to cover the deficit financial, stressed the need to re-examine the structure of the budget and the tunnels and diversify sources of income and achieve investment more broadly to address the decline in oil prices.

The study estimated that the local government banks' capital reached until October of 2012, the last end, a total of 754 billion dinars, compared with more than four billion dinars for private banks, and investment balances in banks operating in Iraq recorded up to 10/31/2012, a sum nearly six billion dinars (5.947), the share of government banks which amounted to 4.929 billion, compared to 1.018 billion for private banks.

The Integrity Committee in the Iraqi Council of Representatives, has announced (18.01.2015), all near the issuance of judicial rulings against 16 banks waged on charges of forgery in the case of the Central Bank, confirmed the resolution of more than 3,000 private administrative and financial corruption case, as pointed out discussion how to develop specific criteria for tenders in the Municipality of Baghdad.  

Read more: http://dinarvets.com/forums/index.php?/topic/195313-central-bank-decides-to-take-the-necessary-measures-to-boost-liquidity-in-the-banking-system-and-simplify-the-selling-currency-measures/#ixzz3PqKsa4lL

[MyLadiesDaddy]

Unbelievably freaking awesome. Thanks Yota 

 

When you put those two together it is clear that someone has made

 

a decision. Tomorrow will be the most exciting day in dinarworld.

[Wiljor]

"best rates" in the countries of the world"

Is this saying what I think it's saying, or am I way out in left field here. Im trying not to read to much into this, but sounds like it is what LGD is saying.

Edited January 25, 2015 by Wiljor

[MyLadiesDaddy]

"best rates" in the countries of the world"

Is this saying what I think it's saying, or am I way out in left field here. Im trying not to read to much into this, but sounds like it is what LGD is saying.

 

$3.20

[Wiljor]

$3.20

Wow brother if you are right, ok even close, lets say even way off at .10 I/we will be celebrating very very soon.

[WheresmyRV?]

I'll take a 3.20 rate! 

[Wiljor]

Lets get Laidback to chime in here, I always appreciate his upbeat enthusiasm :-)

[boosterbglee]

Now we're talking............this could be over $oon!       My 8 ball say, " It is decidedly so!"