Markinsa Posted February 8, 2015 Report Share Posted February 8, 2015 THE WORLD BANK IS EXPECTED TO IMPROVE THE ECONOMIC SITUATION OF IRAQ OVER THE NEXT FEW STAGE Sunday February 012 015 BAGHDAD / All News The Central Bank of Iraq, on Sunday, agreeing to cover bank accounts outside the country in dollars to cover imports, pointing to the formation of a committee to reconsider the restructuring benefits.The bank said in a statement he was "in line with our responsibilities in supporting the development and stimulate the Iraqi economy has been taking a number of decisions, including, approval to do to cover bank accounts abroad to the US dollar to cover imports of customers and for other purposes without the need for passage of a window sell the currency at the central bank." he said, adding that he "will take control over those processes within the mechanism simple and transparent." He added that the bank "has approved the appointment of a representative of the private banks in the Central Bank, in addition to speed up legislation Deposit Insurance Act." The statement pointed out that "the recommendation to the government to accept the state's institutions of instruments issued by private banks, and also the receipt of taxes and fees in favor of the government," explaining that "it was forming a committee to reconsider the structure of benefits, including expanding the credit and liquidity provision." On the other hand, predicted the World Bank, on Sunday, the economic situation in Iraq has improved over the next few stage, as revealed for the creation of several projects in partnership with the Iraqi government will promote the country in the field of development Alastosmar.oukal Bank Country Director in Iraq, Robert Bo quality, in an interview to the newspaper Official morning, that the bank is now working with the government within the strategy that have been created in partnership with them to help in a number of projects in order to provide better services to the people in the field of electricity, water, roads and advisory services. " He continued that "the project is with the relevant ministries," he said. "These projects will help create new jobs as well as help the government in the field of investment development." He predicted that Abu quality is "improving the economic situation over the next few stage, although this improvement link up world oil prices." It is noteworthy that the prime minister Haider al-Abadi stressed, in the November 10, 2014, to be hoped the role of the World Bank in achieving what aspire to him the government in its shift towards the private sector and encourage investment movement, noting the Executive Director of the Bank Mirza Hassan to the readiness of the World Bank to support the march Development in Alarac.ivkr that world oil prices have seen a significant decrease is the first of its kind in five years, causing damage to many countries, including Iraq. - 3 Link to comment Share on other sites More sharing options...
Rome M Posted February 8, 2015 Report Share Posted February 8, 2015 They are going international. .... GO RV! Link to comment Share on other sites More sharing options...
Willowmena Posted February 8, 2015 Report Share Posted February 8, 2015 "improving the economic situation " I like that idea! Link to comment Share on other sites More sharing options...
stealthwarrior Posted February 8, 2015 Report Share Posted February 8, 2015 WTF is the next few stage? 4 Link to comment Share on other sites More sharing options...
v-star 650 Posted February 8, 2015 Report Share Posted February 8, 2015 maybe this is what will be reveled this coming week through abidi , this would be some kind of economic change for sure , but if they have international standings and credit cards accepted at all a-t-m-s , this is a good thing also , but with the currency values still in the .1160 range , will not take long for these credit cards to be empty , from just transactions, of everyday purchases to live on ....... NOW the other article , world bank is saying something that will also tells us something is about too happen in the Iraq economics , surely just having credit cards status , international , can`t be the only thing , { banking laws established , like depositors insurance for one , } I myself still holding onto the edge of my chair for next weeks news ---------- > an increase in values maybe ? the .o9 cent mark recently posted in rumors ? 3 Link to comment Share on other sites More sharing options...
rsskelton Posted February 8, 2015 Report Share Posted February 8, 2015 Article from 2/1/2015 Still a good one though. 2 Link to comment Share on other sites More sharing options...
EagleEye Posted February 8, 2015 Report Share Posted February 8, 2015 WTF is the next few stage? translation = in the coming days...... 2 Link to comment Share on other sites More sharing options...
SnowGlobe7 Posted February 8, 2015 Report Share Posted February 8, 2015 what stage are we in? Stage three works for me 2 Link to comment Share on other sites More sharing options...
v-star 650 Posted February 8, 2015 Report Share Posted February 8, 2015 o kay , I just got conformation ---------------------------------------------------> soon ------------------------- is the word 1 1 Link to comment Share on other sites More sharing options...
chinadawg Posted February 8, 2015 Report Share Posted February 8, 2015 In any event Abadi continues to PUNK the dolittle Maliki.............IRAQ IS HEADED.... FINALLY IN THE RIGHT DIRECTION. 1 Link to comment Share on other sites More sharing options...
10 YEARS LATER Posted February 8, 2015 Report Share Posted February 8, 2015 Next few stage = In the coming years 1 1 Link to comment Share on other sites More sharing options...
deniscanada Posted February 9, 2015 Report Share Posted February 9, 2015 approval to do to cover bank accounts abroad to the US dollar. Its not dinar Link to comment Share on other sites More sharing options...
Officiallytook Posted February 9, 2015 Report Share Posted February 9, 2015 what stage are we in? Stage three works for me +1 , yet I would go camaro when it finally drops the new lt1 in their. 1 Link to comment Share on other sites More sharing options...
SnowGlobe7 Posted February 9, 2015 Report Share Posted February 9, 2015 +1 , yet I would go camaro when it finally drops the new lt1 in their. I'm going yo agree...my son is the mustang guy...I like the Cameron as well 1 Link to comment Share on other sites More sharing options...
Texstorm Posted February 9, 2015 Report Share Posted February 9, 2015 Next few stage = In the coming years I don't know 10 Years but I'm so ready for something to happen NOW !!!!!!! Geees these SOB's just piss me off I'm afraid that my tolerance level is approaching critical mass. I use to like camels and now I don't ! Go Fricken RV !!! or may the flees of a thousand camels infest their armpits ! 1 Link to comment Share on other sites More sharing options...
Grey Horse Posted February 9, 2015 Report Share Posted February 9, 2015 If they were going international with their Dinar why use the dollar to cover international trade ? Just sayin I would rather hear them say they would use the Dinar to cover 1 Link to comment Share on other sites More sharing options...
new york kevin Posted February 9, 2015 Report Share Posted February 9, 2015 Hey although this is a fiat currency, with the PPB of oil going up, plus the world bank news - hints of what they will be doing soon so they can make money; these are positive things. Link to comment Share on other sites More sharing options...
10 YEARS LATER Posted February 10, 2015 Report Share Posted February 10, 2015 YEP TEXSTORM . . . THEY MAKE ME WANNA CHEW NAILS AND SPIT'EM AT NUNS ! Link to comment Share on other sites More sharing options...
dontlop Posted February 10, 2015 Report Share Posted February 10, 2015 (edited) If they were going international with their Dinar why use the dollar to cover international trade ? Just sayin I would rather hear them say they would use the Dinar to coverI tried but cannot disagree When they use dinar abroad then they went international Maybe they are using dinar or will be and the world bank will pick it up and do the exchange That would mean the world bank will be holding dinar If that happens that will definatly be an improvement Edited February 10, 2015 by dontlop 1 Link to comment Share on other sites More sharing options...
staunch Posted February 10, 2015 Report Share Posted February 10, 2015 (edited) +1 , yet I would go camaro when it finally drops the new lt1 in their. I had a 2014 45th anniversary cameron and traded it in on a genesis r-spec. wish i coulda kept both, but i decided i was getting too old to sit 2 inches off the ground and try to hold my coffee while i was shifting................man i'm getting old! or maybe just too fat! Edited February 10, 2015 by staunch 1 Link to comment Share on other sites More sharing options...
dontlop Posted February 10, 2015 Report Share Posted February 10, 2015 See if ya try hard enough their May be a solution Link to comment Share on other sites More sharing options...
dontlop Posted February 10, 2015 Report Share Posted February 10, 2015 Instead of the cbi buying dinar from the banks at auction they can just buy them from the world bank for a fee I'm sure So that would drive the value of the dinar up costing more dollars to buy them back from the world bank Link to comment Share on other sites More sharing options...
Reverse-Pumper Posted February 10, 2015 Report Share Posted February 10, 2015 (edited) The Central Bank of Iraq (CBI) has taken a number of decisions with the intention of supporting and developing the Iraqi economy; the following list is taken directly from an announcement by Rabee Securities: Approving appointment of a representative of the private banks in the Board of directors of the CBI; Approving to cover the banks’ accounts abroad with the US dollar to meet clients’ imports and other necessities without the need to participate the currency auctions in the CBI. The CBI will control those operations through a simplified and transparent mechanism. The CBI will develop a plan to improve the capacities and capabilities to activate the letters of credit instead of the current method and coordination with banks; Expediting the legislation of the Deposit Insurance Act; Recommending the government and the state’s institutions to accept checks issued by private banks as well as the receipt of taxes and fees for the government; Forming a committee to restructure the interest ratio to expand the provision of credit and liquidity. LINK Edited February 10, 2015 by paperboy merged with existing topic started by Markinsa 1 Link to comment Share on other sites More sharing options...
Officiallytook Posted February 10, 2015 Report Share Posted February 10, 2015 Instead of the cbi buying dinar from the banks at auction they can just buy them from the world bank for a fee I'm sure So that would drive the value of the dinar up costing more dollars to buy them back from the world bank Not sure what to take from this article either... But I do see it as a step... I also see the much needed security because gas prices are on the rise... I see Isis fleeing...more cleaning... I see the CBI controlling the auctions... I see the govt taxing... I see the asked for "international help" on the way... I see them controlling amount of dinar in/out bound... All good to me keep those feet moving the attitude positive head up eyes open love life through all experiences and continue to wait on this gravy train... =) Link to comment Share on other sites More sharing options...
deniscanada Posted February 10, 2015 Report Share Posted February 10, 2015 This is already posted in news Link to comment Share on other sites More sharing options...
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