Popular Post DinarThug Posted May 8, 2017 Popular Post Report Share Posted May 8, 2017 CNN. Broadcasting With 2020 Camel Vision That the central bank is currently implementing its plan ! (by cshessman) Achieving the objectives of monetary policy requirements until the year 2020 08/05/2017 0:00 Samir Nasiri The monetary policy of the most prominent efforts to achieve economic stability and stabilizing the exchange rate rates that the national economy will also increase the strength and effectiveness to meet the economic challenges of economic policies, as the achievement of foreign exchange reserves currently stands at up to 49 billion dollars, and install the Iraqi dinar exchange rate against the dollar are preparing to be necessary and appropriate, as the window of foreign currency held by the central positive role in maintaining an appropriate level of the exchange rate and install it.The Central Bank of Iraq has taken several steps to expand the list of available tools for monetary policy and to cover the required reserve to include government deposits and granting facilities on deposits maturing in a short period in order to allow banks to manage their liquidity situation more effectively. You can identify the most important of what has been achieved monetary policy instruments during the years 2004 2006 and the first of the relative stability of the rates of the exchange rate of tight monetary policy and the stability of the financial system, as well as reducing inflationary phenomenon, and control the levels of liquidity and management, and motivate banks to move towards the market. Since the central bank is currently implementing its plan for the years ahead, we see that you are studying a series of observations , including monitoring the implementation of the central strategy and future policies of cash until the year 2020 with the contribution of the banking sector in gross domestic product, as well as necessary to search for new policies to achieve this goal and allow banks government and private participation in the growth and investment in accordance with the mechanisms and policies that can be implemented without imposing strict policies and give adequate elasticities [<<< read here as Freedom of capital movement], and address the apparent gap between the fiscal policies of the state and monetary policies adopted by the Central Bank of Iraq and the requirements of anti - pressure Inflationary and reducing current expenditure and coordination of plans and programs to achieve the rescue of the Iraqi economy from financial collapses. It is important to activate the monetary policy to support the private banking system and review the policies of lending and mechanisms of credit risk management in the granting of credit to small and medium investment and loans in productivity and investment sectors that achieve cash flow clear and revive the economic cycle will contribute to the economic development and diversification of the financial resources of the general budget. It is necessary to develop and support and stimulate the Iraqi market for securities and find the means and tools that drive towards the lifting of the market and the companies index of prices to suit the assets and standards of production and profits at least inevitably the true value of stocks and to prevent speculation that harm the Iraqi ancestry- which does not fit the true and actual value. It is important that accurate follow - up instructions for a window of foreign currency issued in 2017 and regulate the sale of dollar process and determine the role of banks in the mediation between the customer and the central addition to determining the responsibility of the ministries of trade, finance and planning in the offenses committed by some customers and not only load responsibility for banks. Creation (Fund) or ( a private portfolio) certificates of deposit issued by banks wishing to address the deterioration of stock prices in the Iraq Stock Exchange and the addition of new banking management current investment investment climate in the market to stimulate as well as increasing the volume of bank deposits leads to increased investment activities in all economic sectors and thus achieve positive impact for investors. The boards of directors in banks approving a strategy for operational risk and implementation of the executive management of the bank to ensure that the operational risks related to all kinds of products Almsrvih.aadh considering the provision for doubtful debts in accordance with the list of guidance and re - elasticities and extended additional time for banks to determine in order to be able to filter these debts , mostly dating back to periods precedent and that most debtors have migrated outside the cities of Iraq for security reasons beyond their control and that these ratios lead to a reduction in their profits actually realized as a result of the deduction of these percentages of net profit and thus affect the investment banking activities Yeh new. The restructuring of the banking sector, particularly the government banking sector and to study the privatization of some of its divisions and branches and to activate the operating banks to expand and diversify their banking services especially to increase credit and investment share in a balanced way with its revenue total to become these banks an effective pillar of economic growth that move away from the monopoly of some banking operations and the withholding of government activities and public institutions for private banks. http://www.alsabaah.iq/ArticleShow.aspx?ID=136595 26 Quote Link to comment Share on other sites More sharing options...
SnowGlobe7 Posted May 8, 2017 Report Share Posted May 8, 2017 I love it when you say implementing 8 Quote Link to comment Share on other sites More sharing options...
6ly410 Posted May 8, 2017 Report Share Posted May 8, 2017 4 Quote Link to comment Share on other sites More sharing options...
copper13 Posted May 8, 2017 Report Share Posted May 8, 2017 Implementing a large sum of cash to my bank account is what I'm hearing!!!👍 5 Quote Link to comment Share on other sites More sharing options...
DinarThug Posted May 8, 2017 Author Report Share Posted May 8, 2017 1 hour ago, SnowGlobe7 said: I love it when you say implementing Investing In Iraq Will Make U Imple-mental ... 6 Quote Link to comment Share on other sites More sharing options...
DinarThug Posted May 8, 2017 Author Report Share Posted May 8, 2017 5-7-2017 Newshound Guru Kaperoni Article: "Achieving the objectives of monetary policy requirements until the year 2020" Quote: "It is important to activate the monetary policy to support the private banking system and review the policies of lending and mechanisms of credit risk management in the granting of credit to small and medium investment and loans in productivity and investment sectors that achieve cash flow clear and revive the economic cycle will contribute to the economic development and diversification of the financial resources of the general budget." They are dead in the water without taking the next step with the dinar...so we wait. 7 1 Quote Link to comment Share on other sites More sharing options...
Officiallytook Posted May 8, 2017 Report Share Posted May 8, 2017 1 Quote Link to comment Share on other sites More sharing options...
gregp Posted May 8, 2017 Report Share Posted May 8, 2017 Thanks Thugs!! 1 Quote Link to comment Share on other sites More sharing options...
Gypsygirl11 Posted May 8, 2017 Report Share Posted May 8, 2017 Enjoyed this article. 1 Quote Link to comment Share on other sites More sharing options...
DWS112 Posted May 8, 2017 Report Share Posted May 8, 2017 10 hours ago, DinarThug said: Achieving the objectives of monetary policy requirements until the year 2020 08/05/2017 0:00 Samir Nasiri WHO is the author of this article? Samir Nasir is a member of the International Federation of Arab Bankers 3 Quote Link to comment Share on other sites More sharing options...
blueskyline Posted May 8, 2017 Report Share Posted May 8, 2017 They are following Nasir's 5 year Banking plan . I believe... 3 Quote Link to comment Share on other sites More sharing options...
DinarThug Posted May 8, 2017 Author Report Share Posted May 8, 2017 Governor of the Central Bank of Iraq, on the Keywords, Sunday, revealed that about 70% of the currency outside the banking sector, while calling for educating citizens to protect the Iraqi currency. Keywords and said that "the Central Bank's mission is to regulate the financial and monetary policy in Iraq, during its monitoring of the volume of deposits in banks and found that it does not fit a lot about what is in Iraq from the monetary bloc, where it was found that about 70% of the currency outside the banking sector." Keywords pointed out that "not usually in other countries to be so large amounts of currency outside the banking sector must therefore banks to promote and educate citizens to deposit their money in banks," asserting that "the central bank supports education towards this important issue, which can help to stimulate trade and economic movement. " http://www.sotaliraq.com/2017/05/08/link 5 Quote Link to comment Share on other sites More sharing options...
skeetdog Posted May 8, 2017 Report Share Posted May 8, 2017 Thanks DT...I wonder if the CBI ever thought of this concept about the dinar that's outside of their banks...People that have millions of dinar stuffed in their mattresses are not so concerned as long as it's only worth the price of "Charmin"...You take that same amount of dinar and make the dinar worth at least two-bits...Then people will have small fortunes laying around as mattress pads...Then you give the Iraqi citizens a little more reasons to put something of worth to deposit....jmho 8 Quote Link to comment Share on other sites More sharing options...
okane Posted May 8, 2017 Report Share Posted May 8, 2017 Good point Dog. Great article Thug! You had me at "currently" 1 Quote Link to comment Share on other sites More sharing options...
DinarThug Posted May 8, 2017 Author Report Share Posted May 8, 2017 Consultant Abadi: Iraq is able to pay its debts only through border crossings 08/05/2017 - 10:57 He confirmed the financial advisor to the Prime Minister, the appearance of Mohammed Saleh, Monday, that Iraq is able to pay its debts internal and external through the only border crossing points. Saleh said in an interview I followed "Economy News", "Iraq is able to pay its debts only border crossing points, but after the work of a great revolution," adding that "the Iraqi government is currently working on the reform of border crossing points." He added that "the big revolution to reform the border crossings will raise annual revenues from $ 800 million to $ 8 billion," asserting that "Iraq did not fail in its history to pay its debts, and even under difficult circumstances experienced by two years ago." It is noteworthy that Iraq's internal and external debt is estimated at 120 billion dollars, according to the Finance Committee of the House of Representatives. http://economy-news.net/conten.....hp?id=7435 1 Quote Link to comment Share on other sites More sharing options...
TMills6864 Posted May 8, 2017 Report Share Posted May 8, 2017 Please, someone tell me I'm wrong and tell me HOW I'm wrong -- but I'm getting the feeling that they are saying that they will be working on the revaluing until 2020 ... please no bashing, just praying that I am wrong! 4 Quote Link to comment Share on other sites More sharing options...
FROSTYJACK Posted May 8, 2017 Report Share Posted May 8, 2017 2 hours ago, TMills6864 said: Please, someone tell me I'm wrong and tell me HOW I'm wrong -- but I'm getting the feeling that they are saying that they will be working on the revaluing until 2020 ... please no bashing, just praying that I am wrong! My take on this would be the initial reevaluation at $.10 to a dollar. That will start the ball rolling as the economy grows and flourishes it will reach its peak value around $3.25 by the year 2020. Again this is my opinion fueled by hope. 4 Quote Link to comment Share on other sites More sharing options...
Lucky Dragon Posted May 8, 2017 Report Share Posted May 8, 2017 Well looks like we have a year. 1 Quote Link to comment Share on other sites More sharing options...
TMills6864 Posted May 8, 2017 Report Share Posted May 8, 2017 10 minutes ago, FROSTYJACK said: My take on this would be the initial reevaluation at $.10 to a dollar. That will start the ball rolling as the economy grows and flourishes it will reach its peak value around $3.25 by the year 2020. Again this is my opinion fueled by hope. I SOOO hope your right ... and thanks, at least that a new point of view ... 1 Quote Link to comment Share on other sites More sharing options...
NoviceInvestor Posted May 8, 2017 Report Share Posted May 8, 2017 1 hour ago, Happy Dragon said: Well looks like we have a year. Every year is "the year". 3 Quote Link to comment Share on other sites More sharing options...
magawatt Posted May 8, 2017 Report Share Posted May 8, 2017 If it goes to 10 cents it will be hyped to a dollar by the end of the day....I hope. 4 Quote Link to comment Share on other sites More sharing options...
ChuckFinley Posted May 8, 2017 Report Share Posted May 8, 2017 There were statements like this by the CBI staying that in three years the Dinar would be $1.13. My take is something like this. If this comes out at a .10 the rush to the Dinar would drive it up and it will not take 3 years to do it. 10 Quote Link to comment Share on other sites More sharing options...
WheresmyRV? Posted May 8, 2017 Report Share Posted May 8, 2017 3 minutes ago, ChuckFinley said: There were statements like this by the CBI staying that in three years the Dinar would be $1.13. My take is something like this. If this comes out at a .10 the rush to the Dinar would drive it up and it will not take 3 years to do it. Agreed 3 Quote Link to comment Share on other sites More sharing options...
Freedomwish Posted May 8, 2017 Report Share Posted May 8, 2017 9 minutes ago, ChuckFinley said: There were statements like this by the CBI staying that in three years the Dinar would be $1.13. My take is something like this. If this comes out at a .10 the rush to the Dinar would drive it up and it will not take 3 years to do it. That's sounds just about right and good to me! 2 Quote Link to comment Share on other sites More sharing options...
new york kevin Posted May 9, 2017 Report Share Posted May 9, 2017 4 hours ago, TMills6864 said: Please, someone tell me I'm wrong and tell me HOW I'm wrong -- but I'm getting the feeling that they are saying that they will be working on the revaluing until 2020 ... please no bashing, just praying that I am wrong! Ditto TMills6864. You and I are on the same page, asking the same question. 2020 thats to bleeping long. Whats gonna keep those so and so's from kicking the can down the road in 2020? What month in 2020? I am in till the end but I am also at the end of my rope. Even Mr Adam is scraping for good intel to report to us. And he is trying, trying real hard. Right Adam? 1 Quote Link to comment Share on other sites More sharing options...
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