Iraq received a loan of one billion and 200 million dollars from the International Monetary Fund

[yota691]

Iraq received a loan of one billion and 200 million dollars from the International Monetary Fund

November 25, 2015

 

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Our economy / Baghdad

Detection and Finance Minister Hoshyar Zebari, said on Wednesday that Iraq will take over one billion and $ 200 million loan from the International Monetary Fund, and among the latter does not have the conditions for lending to Iraq, he stressed that the new salary scale will be limited to reduction of the nominal salary.

Zebari said during a joint news conference with Karbala governor Akil Turaihi and chairman of the province of Karbala Nassif rhetorical, in the governorate building and was attended by the correspondent of the economy News that "the International Monetary Fund does not have any conditions on Iraq to give him financial loans but has a program to assist Iraq in the financial management and the economy, This helped us in that we get soft loans from some international organizations, "stressing that" Iraq will take over soon billion and $ 200 million a soft loan from the International Monetary Fund. "

Zebari said that "the government responded to the protests by staff on the ladder of the new salary and took some consensus," noting that "the reduction will be on the nominal salary of the employee only and will have limited effect."

[TennesseeCherokee]

This reduction in salaries to the government employees was a big deal for the past two weeks but everyone has fallen silent now...

Why?

It could be that they were told that their currency would soon have a substantial value?

Some kind of positive information was given to them to pacify these folks so quickly.

[sandfly]

THANKS

[EagleEye]

Osiyo TC...I like how you think...GO IRAQ !!!

[yota691]

Photo from out of Iraq yesterday..with this statement...So enjoy the rulers # Iraq and officials with money of the Iraqi people wounded

A little before I saw the image on the basis of Maskin large sums of money in one of the houses in Baghdad, though the bank's money store

[Antietam]

That picture seems to shows why corruption and graft are rampant in the Middle East. No uniforms, casually dressed employees and HUGE stacks of cash. It looks like an environment where someone might be tempted to five finger a stack or two. Of course there could be an army of guards just outside the camera lens for all I know.

[Synopsis]

I tried to see what denomination the bills are in the picture but could not tell. Does anyone know the bill denominations in the picture?

[four wheel drift]

No wonder they get robbed. By guys driving up with guns. YOTA does your friend work in this environment?

Thx

FWD

GO RV

[Jaygo]

I tried to see what denomination the bills are in the picture but could not tell. Does anyone know the bill denominations in the picture?

Who cares!! It's a bunch of damn money!!!

[Synopsis]

Jaygo - if this is really a recent picture of the lower denominations, then this might be an indication of the event we have been waiting for. Oh, yeah, that is a lot of money no matter what denomination!

[Jaygo]

Jaygo - if this is really a recent picture of the lower denominations, then this might be an indication of the event we have been waiting for. Oh, yeah, that is a lot of money no matter what denomination!

I get ya brother... A LOT OF DAMN MONEY!!!

[blueskyline]

We Need to Know what Denominations are those ! They dont look reddish like the 25K , They dont look green like the 10 K . But they do look sort of green and bluish like the 50 K . Zebari also looks relieved . Like he just found a lost wallet with all his Christmas Cash and credit cards 

Edited November 26, 2015 by blueskyline

[Laid Back]

If you earn $20.00 per hour, your nominal wage is $20.00. However, the nominal wage really doesn't tell you what your purchasing power is because the nominal wage isn't adjusted for inflation, which is a rise in the general price level. Your real wage, on the other hand, takes inflation into account.

They promised to give purchasing power to the people.

They has been reducing the note count.

They have enough reserves to cover 1.7 times all dinar in circulation. 39T

They have liquidity problems

They have been dollarizing the country for many years

The CBI knows is time to give real value to the dinar.

Go CBI

Go dinar

Go lower denomination notes

Go increase exchange rate

[WheresmyRV?]

Just more money for Malaki and his croonies to hijack.  Seems like they get a huge loan like this every month now.  Something isnt adding up here.

[yota691]

 

11/26/2015 (00:01 pm)   -   the number of readings: 727   -  number (3512)

 

 

Ministry of Finance: International Monetary developed a program to assist Iraq in the financial management to get soft loans

BAGHDAD / Ibrahim Ibrahim 
 

Confirmed experts economy, on Wednesday, the IMF does not give money in the form of grants without setting conditions to ensure repayment of the loan with interest in addition to the intervention policy of the country's economic which will reflect negatively on the rise in transactions in the local market, while the Ministry of Finance revealed that Iraq will take over one billion and 200 million dollars a loan from the International Monetary Fund without preconditions.

The economist said Bassem Jamil Antoine in an interview for the "long", said that "Iraq is going through a financial and misses a crisis of liquidity and bridging the budget deficit in 2016 of $ 23 trillion dinars." 
He added, "The financial crisis has prompted the government to develop a plan to reduce the budget deficit by borrowing from several bodies including the International Monetary Fund and the amount of one billion two hundred million dollars to cover some of the necessary expenses of the country. 
"He explained that" the amount of value that does not require setting impossible conditions imposed on the Iraqi government as well as the stated agreement was containing proposals can be implemented in the future. 
"He said "Providing the money to meet the annual deficit process requires the government put a solid management can negotiate during the agreement on various foreign loans and the method of distribution in accordance with the actual moment of need." 
He revealed Finance Minister Hoshyar Zebari, on Wednesday, that Iraq will take over one billion and $ 200 million loan from the International Monetary Fund , and among the latter does not have the conditions for lending to Iraq. 
Zebari said during a joint news conference with the governor of Karbala, Akil Turaihi and chairman of the province of Karbala Nassif rhetorical, in the governorate building and attended by the (long-Presse) that "the International Monetary Fund does not have any requirements on Iraq to give him loans financial but has a program to assist Iraq in the financial management and the economy, and this has helped us in that we get soft loans from some international organizations, "stressing that" Iraq will take over soon billion and $ 200 million a soft loan from the International Monetary Fund. 
"The condition of the International Monetary Fund to raise support for electricity and the ration card to lend to the Iraqi government and enable them to bridge the expected deficit in the next 2016 budget, while expressed "serious reservations" on the size of salaries paid by the government for the staff, invited her to re-examine them. 
The International Monetary Fund announced on Saturday (the 14th of November 2015 current), the determination of the Council of Ministers amend the next 2016 budget, in line with the macroeconomic framework of the program watched by the Fund. 
In turn, the economic Abbas Ibrahim Bahadli expert in an interview for the "long", that "the IMF is considered profit organization in content and public agitated policies World according to the control of the economies of the countries through continued lending system. 
"He added that" the country's economy is going through the throes of Asir requires the development of alternative plans to the process of falling oil prices by finding local alternatives to increase imports financial state without resorting to marginal loans do not help in overcoming the financial crisis, but put restrictions conditional may take many years to come. "He said Bahadli" The IMF does not give money in donations without setting conditions to ensure repayment of the loan with interest in addition to the interference of internal and external policy of the State. "He said the" step to sign the IMF loan in the immediate phase experienced by the Iraqi economy will lead to reduced government support towards some key services such as fuel and the ration card and the demobilization of staff and the Ministry of Industry companies causing raise domestic prices by about rising ". He warned Bahadli against" the continuation of the central bank sold the dollar auction daily currency which sapped currency funds derived from the sale of oil, prompting the government to borrow from the IMF, which in turn is opposed to the sale process and described as random."He added that" continuously sell the dollar at the central bank auction threatens to decline foreign exchange reserves, which is owned by the state to dangerous levels as indicated by the IMF in his recent statement ".Previously, the International Monetary Fund, and to give Iraq worth one billion and 250 million dollars in emergency aid, but Iraqi officials have reservations about the amount that said the government is seeking to borrow from the International Foundation which is based in Washington based.

Read more: http://dinarvets.com/forums/index.php?/topic/211900-finance-minister-hoshyar-zebari-up-karbala/#ixzz3ssnSOxus

 

[jeepguy]

take this photo ,  and the topic ,   loan of 1 BILLION  200  million  ,    and mix in the new topic "   central  bank  puts in  the mechanics  to insure stability  in  exchange rate  and  speculation "     <-------  to  insure  against speculation ?     or keep the  powerful people from  being prosecuted  because they  horded the dinar  { like in the  photo  , if these are  lower notes }     and  tie in the   rumor  of  the dinar about too  come into re-value   the post  by  member greg p   the dinar will revalue at  or around .23 cents per  !    interesting  few weeks  ,  I think  that I have seem in a while  !  

[yota691]

No wonder they get robbed. By guys driving up with guns. YOTA does your friend work in this environment?

Thx

FWD

GO RV

He a Journalist FWD..and GM everyone...

[jeepguy]

good morning  yota !   so your  friend  was taken this photo !    ask him what  dinar notes they beeesssssss          

[yota691]

Zebari: IMF does not have any conditions for lending to Iraq

29/11/2015 01:00 | Number of Views: 622

 

 Press direction  - Follow-up

Financial Minister Hoshyar Zebari said, "The International Monetary Fund does not have any requirements on Iraq to give him financial loans but has a program to assist Iraq in the financial management and the economy, which helped the collection of soft loans from some international organizations."

He added, according to the ministry statement, that Iraq will take over one billion and 200 million dollars a soft loan from the International Monetary Fund, stressing that the new salary scale will be limited to reduction of the nominal salary of the staff.

He stressed that "the government responded to the protests by staff on the ladder of the new salary and took some consensus, noting that the reduction will be on the nominal salary of the employee only and will have limited effect."

Finance Minister noted that "there is not any solutions to staff contracts at the moment," referring to give the provinces the powers to collect money.

He added that "Iraq is not bankrupt nor poor but requires cooperation and good use and recruitment of Iraqi funds," noting that the Council of Ministers held last Tuesday, an amendment to the 2016 budget and sent it to Parliament and will be discussed soon.

He explained that in 2016 practical and realistic budget and believes the country requirements of the ration card and health services and obligations with the oil companies. "

He stressed that the government remains on its obligations to provide formations crowd the popular financial requirements, and noted, "Zebari said," that there are a lot of problems related to the staff of temporary contracts in all provinces and there are no solutions for them at the moment.

[jeepguy]

and   that must be  correct "  I  m  f    has  no conditions on lending money to Iraq "    hell they been giving  cash to those guys  like ,  "   carter  has liver pills "  !  ? 

[yota691]

Zebari: Sntzlm $ 1.2 billion loan from the International Monetary

History of edits:: 2015/11/29 20:15 • 88 visits readable

[baghdad-where] 
the Minister of Finance revealed on Sunday that Iraq will receive a $ 1.2 billion loan from the International Monetary Fund.

Zebari said in a statement that "the International Monetary Fund does not have any requirements on Iraq to give him financial loans but has a program to assist in the financial management and the economy, which helped the collection of soft loans from some international organizations." 
He added that "Iraq will take over soon billion and $ 200 million as a soft loan from the International Monetary Fund, noting that "Iraq is not bankrupt nor poor, but requires cooperation and good use and recruitment of his money." 
He said Zebari that "the Council of Ministers held last Tuesday, an amendment to the budget in 2016 and sent to Parliament and will be discussed soon, explaining that" the 2016 budget practical and realistic and believes the country requirements of the ration card and health services and obligations with the oil companies. 
"The International Monetary Fund hinted in 11 of this month, a large loan for Iraq condition removal of fuel subsidies. 
The head of the IMF mission, to Iraq's Christian Gooch, that" IMF expects gross domestic product of Iraq recorded growth of 1.5 percent this year due to increases in oil production and the deficit rise in the current account balance to 7 percent of GDP. 
"It is said that, to get a loan from the International Monetary Fund will help the user in Iraq OPEC to stabilize the financial to the conditions while suffering because of falling costs in oil prices associated with fighting organization Daash terrorist. 
He informed a senior official Monetary Fund said last month that the new loan for Iraq will be the largest "several times" of the emergency of $ 1.24 billion financing of the Fund and agreed to submit it in last July. 
Any large loan from the IMF for Iraq will come from conditions such as Baghdad steps to cut energy subsidies [include hydrocarbons such as benzene, fuel, etc.] and the reform of state-owned enterprises which steps may be difficult to level Alssayas.anthy