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The Financial Operations Of: Lifting All The Barriers Imposed On The Central Bank Of Iraq After Its Actions Against Money Laundering 

yota691

By yota691,
in Iraq & Dinar Related News

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mr.unlikely Newbie

mr.unlikely

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2 hours ago, Laid Back said:

If you check table1 in yota post. You can see under dinar/US exchange rate they only show the years 2013-2014-2015-2016

 

Looks like the CBI is planning to increase the dinar exchange rate this year 2017

 

Go Art 8

Go CBI

Go new monetary policy

Go increase exchange rate

Go $1:1

 

 

 

 

LB I swear if this thing happens this year I will kiss both of those big azz feet of yours, lol!

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Laid Back
Laid Back

If you check table1 in yota post. You can see under dinar/US exchange rate they only show the years 2013-2014-2015-2016   Looks like the CBI is planning to increase the dinar exchange rate t

navira45
navira45

Something tells me that people will be lining up doing their exchanges of high notes to lower notes during the holidays....before the 21 this month. Pray that iam right. Later

Laid Back
Laid Back

"The Central Bank of Iraq revealed that its measures against currency smuggling, money laundering and terrorism financing have been praised by the international financial organizations and the Intern

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yota691 Grand Master

yota691

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1511.jpg
 
 
 
 

Economy News _ Baghdad

The International Monetary Fund (IMF) announced on Wednesday the success of the second review of the credit readiness agreement, congratulating the role of the Central Bank of Iraq, the Ministry of Finance and the Prime Minister's Office on the success of the consultations. 
The Director of the Information Office of the Central Bank in a statement received by "Economy News" that in a letter from the International Monetary Fund congratulated the Central Bank of Iraq and the Ministry of Finance and the Prime Minister's Office on the success of the second audit consultation and the Convention of credit readiness, which came after the implementation of programs and financial and monetary targets and put In a framework that provides for the financial stability of Iraq and to meet the financial and security challenges. 
The program included a set of reforms and objectives have been committed to the benefit of Iraq, and the latest supplementary budget approved by the House of Representatives in record time, which showed the keenness of the legislative and executive authorities on the plan and programs of reform.

 
Views 14   Date Added 08/02/2017
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jcfrag Collaborator

jcfrag

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20 minutes ago, yota691 said:
1511.jpg
 
 
 
 

Economy News _ Baghdad

The International Monetary Fund (IMF) announced on Wednesday the success of the second review of the credit readiness agreement, congratulating the role of the Central Bank of Iraq, the Ministry of Finance and the Prime Minister's Office on the success of the consultations. 
The Director of the Information Office of the Central Bank in a statement received by "Economy News" that in a letter from the International Monetary Fund congratulated the Central Bank of Iraq and the Ministry of Finance and the Prime Minister's Office on the success of the second audit consultation and the Convention of credit readiness, which came after the implementation of programs and financial and monetary targets and put In a framework that provides for the financial stability of Iraq and to meet the financial and security challenges. 
The program included a set of reforms and objectives have been committed to the benefit of Iraq, and the latest supplementary budget approved by the House of Representatives in record time, which showed the keenness of the legislative and executive authorities on the plan and programs of reform.

 

 
Views 14   Date Added 08/02/2017

So this sounds really good, yet they didn't come right out and say  no more Chapter 7. They didn't say their will be a third review either.. .. very encouraging????

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chinadawg Newbie

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48 minutes ago, yota691 said:
1511.jpg
 
 
 
 

Economy News _ Baghdad

The International Monetary Fund (IMF) announced on Wednesday the success of the second review of the credit readiness agreement, congratulating the role of the Central Bank of Iraq, the Ministry of Finance and the Prime Minister's Office on the success of the consultations. 
The Director of the Information Office of the Central Bank in a statement received by "Economy News" that in a letter from the International Monetary Fund congratulated the Central Bank of Iraq and the Ministry of Finance and the Prime Minister's Office on the success of the second audit consultation and the Convention of credit readiness, which came after the implementation of programs and financial and monetary targets and put In a framework that provides for the financial stability of Iraq and to meet the financial and security challenges. 
The program included a set of reforms and objectives have been committed to the benefit of Iraq, and the latest supplementary budget approved by the House of Representatives in record time, which showed the keenness of the legislative and executive authorities on the plan and programs of reform.

 
Views 14   Date Added 08/02/2017

Nothing negative here.....next step please........not soon, but record setting time please.

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Carrello Rising Star

Carrello

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URGENT International Monetary Fund: Success of Iraq’s Credit Preparedness Consultations

 
 
 
 
 
 

 

 

425e4db8-6f49-4b4c-a356-fd153c847088-245

 

Date of release: 2017/8/2 1319

 

International Monetary Fund (IMF) announced the success of the second review consultations on the credit readiness agreement, congratulating and congratulating the role of the Central Bank of Iraq, the Ministry of Finance and the Prime Minister’s Office in the success of the consultations.

 

“In a letter sent by the International Monetary Fund, congratulated the Central Bank of Iraq, the Ministry of Finance and the Prime Minister’s Office on the success of the second audit consultation on the Credit Standby Agreement, which came after Implement the programs and financial and monetary targets and put them in a framework that provides for the financial stability of Iraq and meet the financial and security challenges. ” 

 

He pointed out that “the program includes a set of reforms and goals have been committed to the benefit of Iraq, the latest budget supplemented by the House of Representatives in record time, which showed the keenness of the legislative and executive authorities on the plan and programs of reform. 

 

Jabbar pointed out that “the decision of the Board of the International Monetary Fund to ratify the report of the Fund team, which included the fulfillment of the Central Bank and the Ministry of Finance and other parties to achieve the objectives and plans contained in the agreement will give an important signal waiting for international institutions and major countries to provide funding and facilities to support the financial situation in Iraq through support Financing the general budget of the state and various projects as well as pave the statement of the International Monetary Fund to the third audit, which will begin in September next to continue the program and the implications of Iraq’s external support. ”

 

http://alforatnews.com/modules/news/article.php?storyid=147520

Edited by Carrello
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RJ45 Newbie

RJ45

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21 minutes ago, Carrello said:

Jabbar pointed out that “the decision of the Board of the International Monetary Fund to ratify the report of the Fund team, which included the fulfillment of the Central Bank and the Ministry of Finance and other parties to achieve the objectives and plans contained in the agreement will give an important signal waiting for international institutions and major countries to provide funding and facilities to support system" rel="">support the financial situation in Iraq through support system" rel="">support Financing the general budget of the state and various projects as well as pave the statement of the International Monetary Fund to the third audit, which will begin in September next to continue the program and the implications of Iraq’s external support system" rel="">support. ”

 

Doing another audit in September? Or September 2018? Curiouser and curiouser...

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Hotcurl Mentor

Hotcurl

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On ‎7‎/‎10‎/‎2017 at 4:15 AM, yota691 said:
887.png
The appearance of Mohammed Saleh
 
 

Economy News Baghdad:

Prime Minister adviser, announced the appearance of Mohammed Saleh, on Monday, the first week of next month, will meet Iraq with the IMF to review the results of the second review of the standby credit agreement consultations, noting that Iraq will receive $ 840 million from the International Monetary Fund next month.

Saleh said in an exclusive interview for "Economy News", "the results of the second review consultations will be presented to the Executive Board of the International Fund for cash at the next meeting to be held in the first week of next August."

He added that "Iraq will be able to get part of the Fund for a loan under the standby credit program which is estimated tranche of about $ 840 million out of the fund's $ 5.3 billion loan," noting that "the third revision of the program consultations could begin in the fall of this year."

 

Views 770   Date Added 10/07/2017

 

A bit of background on this topic.  Here is an article from July 2017 that references the "2nd review" audit results,  which we see today.

In addition there is a reference for the 3rd "review" audit as stated to day for September "next".

Semper FI

GO RV

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Theseus Rising Star

Theseus

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Directly from the IMF website, 3/4 of the way down the article:

 

IMF Executive Board Completes Second Review of Iraq’s Stand-By Arrangement and the 2017 Article IV Consultation

...

 

Further fiscal consolidation measures are needed in 2017-18 to keep the program on track. The composition of the fiscal adjustment should be improved over time by increasing non-oil revenue and reducing current expenditure. In addition, reforming the electricity sector and state-owned enterprises will make room for larger and more effective investment expenditure that supports growth and job creation.

 

Significantly improving public financial management will be important. Arrears need to be assessed and paid following verification, and expenditure commitment and cash management should be strengthened to prevent the accumulation of new arrears.

 

Measures to bolster financial sector stability include strengthening the legal framework of the Central Bank of Iraq, restructuring state-owned banks, and eliminating an exchange restriction and a multi-currency practice. Measures to prevent money-laundering, counter the financing of terrorism, and strengthen the anti-corruption legislation also need to be implemented.

 

Implementation of the budget-sharing agreement with the Kurdistan Regional Government would put both the federal government and the Kurdistan Regional Government in a better position to address the shocks to the Iraqi economy.

Edited by Theseus
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yota691 Grand Master

yota691

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The International Monetary Fund (IMF) announces the success of its consultations with Iraq on the credit standoff agreement

28 views ViewLast Updated: Wednesday, 2 August 2017 - 9:18 PM

The International Monetary Fund (IMF) announced the success of the second review of the credit agreement, congratulating and congratulating the role of the Central Bank of Iraq, the Ministry of Finance and the Prime Minister's Office in the success of the consultations. In a letter from the International Monetary Fund, Minister of Finance, on the success of the second audit consultation on the Credit Preparedness Agreement, which came after the implementation of the programs and the financial and monetary targets and put them in a secure framework Financial stability of Iraq and the face of the financial and security challenges, noting that the program includes among other reforms and targets have been adhered to in the interest of Iraq and the latest supplementary budget approved by the House of Representatives.

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navira45 Newbie

navira45

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Implementation of the budget-sharing agreement with the Kurdistan Regional Government would put both the federal government and the Kurdistan Regional Government in a better position to address the shocks to the Iraqi economy. 

I dont care what the naysayer says out there. I say bring this bb home to papa. This month i say.

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  • yota691 changed the title to The Financial Operations Of: Lifting All The Barriers Imposed On The Central Bank Of Iraq After Its Actions Against Money Laundering 
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