The Recovery Of The Iraqi Dinar !

[ChuckFinley]

That was so good.    

[10 YEARS LATER]

 

1 hour ago, DinarThug said:

 

U’d Probably Need More Facial Hair !    

     

 

  you betcha DT  - On another note DT, perhaps you might know of or have come across (where) this ( seemingly from a news article ), a quote from the GOAT . . .Im dubious of it's authenticity, although the issue itself sounds pretty plausible considering what foot dragging F*^Ks they are ! 

 

 

4-8-2018   Newshound/Intel Guru Mnt Goat   "PARLIAMENTARY SERVICES REVEAL THE WITHDRAWAL OF DONOR COUNTRIES AND COMPANIES AT THE "KUWAIT CONFERENCE"  Quote:  "Iraq has said it has demonstrated difficulty of achieving the impossible conditions set by the participating countries."  ...oh man! They are taking too long implement this! ...It is close to 2 months already since the donor conference. Do they think these companies are going to just sit back and wait while they internally fight over this damn budget and investment laws?  ...this...paragraph says it all – “while he warned of the slow government in the planning process and bureaucracy that will frustrate others and push them to withdraw”. Iraq must find a way to breakthrough this bureaucracy and stagnation in the parliament for passing the much needed legislation.  Maybe this is part of the list of the laws Jubouri wanted to pass on 3/29 as part of the basket of laws. Now we see what he was trying to do and why.

[ChuckFinley]

Thanks 10YA. People are going to get sick and tired of these guys antics. 

[Half Crazy Runner]

1 hour ago, Freedomwish said:

 

 

HURRY IT UP AND PASS THAT FRICKIN' HCLLLLLLLLLL!!!

 

🤣🤣🤣🤣

love it!

[DinarThug]

17 minutes ago, 10 YEARS LATER said:

a quote from the GOAT . . .

 

Which End ...

 

     

[10 YEARS LATER]

19 minutes ago, ChuckFinley said:

Thanks 10YA. People are going to get sick and tired of these guys antics. 

 

Already there Brother . . . already there.

 

No doubt the Iraqi folks reading this latest news must be, by now in a real Lynching mood. Pretty clear to everyone now over there what a rotten mob of corrupt screw heads they have running the government.

What really angers me about all this, is the blatant in your face attitude of " we don't give a damn about the people " the GOI exhibits. They just want to keep stealing from the people to increase their bank account. It's disgusting and despicable.

 

This GOI is so EPICALLY Stupid & Clueless they have no idea the corner they have painted themselves into by there own misdeeds. Sadr, his people & the entire country should mobilize  - enough is enough.

[10 YEARS LATER]

30 minutes ago, DinarThug said:

 

Which End ...

 

     

 

The end that doesn't pass gas.

[DinarThug]

BMI expects the Iraqi economy to grow by 1.5% in 2018

By

 rami

 -

April 8, 2018

 

 

 

 

BMI published a report predicting the growth of the Iraqi economy by 1.5% in 2018, and that growth will also increase in 2019 by 4.5%.
“The Iraqi economy is expected to grow by 1.5 per cent in 2018,” the site said.

“The Iraqi economy will also improve in 2019 and growth is expected to jump to 4.5 percent as a result of reconstruction efforts,” the report said.

BMI is a research firm providing macroeconomic analysis, industry and financial markets covering 24 areas and 200 global markets. It was founded in 1984 as Business Monitor International and in 2014 was acquired by Fitch Ratings International Group.

http://en.economiciraq.com/201.....5-in-2018/

[ChuckFinley]

Looking forward to 2019. Looking good and I may be out by then.  

[DinarThug]

A road map to reformulate the economic approach

 

09/4/2018 12:00 am 

Proposed Reform Program 

Samir Al Nusairi *

After a few days, the campaigns of candidates for the elections will begin and the blocs and parties will compete with their political and economic programs. The voter is supposed to choose his candidate based on the achievements and achievements of Iraq and his people. Therefore, as a specialist in the economic and banking affairs and in order to help me to help all candidates adopt a national program. For the economic reform during the next election session, after the election results, the candidates proposed the following reform program: economic reality

In light of the political, security and economic conditions that our country is currently experiencing, especially the dire economic reality and the economic and financial crisis which have had a clear impact on the implementation of the plans of the government and the private sector to contribute to economic development, as this crisis causes and implications of current and future due to the sudden drop in oil prices in the market Which constitutes 60% of the GDP and 95% of the annual revenues in the public budget and the inability to create new economic resources and weak planning. Sadi. 
What interests us is the Iraqi economy and what is new in it and the degrees of development and underdevelopment in its main rings and what are their implications for sustainable development? What is our economic strategy and post-election reform program? 
In order to achieve this, we propose the following: the general framework of the program

• Draw up a road map at the strategic and progressive level to re-formulate the new economic approach to Iraq, which adopts the mechanisms of transition to a market economy 

• Activate the decisions reached by the expert committees formed in the Council of Ministers in 2015 for each sector of economic implementation of the road map for each economic sector, these decisions follow-up, monitoring and evaluation 
• the formation of a joint legal committee between the government and the private sector to re - drafting and amending and issuing new laws, and activating all laws issued and outstanding currently governing the economic process management and serve the application map externa Coordination , which is approved which all environmental laws governing legislative and manages the new Iraqi economy Bmenh
• 

Reconsidering all federations, associations and organizations formed by law or managed by internal regulations and establishing the Private Sector Council. The tasks of the Private Sector Development Strategy for the years (2030-2014) will be based on a purely Iraqi experience that is consistent with all of Iraq's core of awareness, culture, The Mashreq, which we see with optimistic eyes and work according to the principle of (we disagree in politics and unite the economy) because the people do not achieve their well-being, happiness and prosperous future without a strong national economy contributes to the construction of all and the foundations of this construction is available in Iraq.  The proposed economic reform program First: Review, evaluate and reconstruct the structural and institutional system of the economy according to the following:

1- The establishment of the Supreme Economic Council is linked to the Council of Ministers with the participation of a wide range of government experts and experts in the private sector. It includes experts, specialists and independent technocrats. The Council undertakes the strategic planning of the economy, defining the executive policies, monitoring and monitoring the implementation of future development plans and visions. 

and its decisions are binding effect after the cabinet approval, and shall supervise and follow up the following national economic institutions: - 

2 - national Provident Fund 
 3 - The Supreme Committee for the import, export and investment 
4 - Sndo National Reconstruction 
5 - support Committee and the National Production Protection 
6 - Small and Medium Enterprise Development Foundation 
7 - Public Service Board

Second:
                Re-review and evaluate the applications of the financial and monetary policies despite the initiative of the Central Bank of Iraq to prepare and launch its strategy for the years 2016-2020, which included the main objectives and sub-financial stability and monetary development and the development of the banking system in accordance with new mechanisms and work points and achieved a large part during 2016 2017 and recovery And improved the international credit rating for Iraq and the application of monetary policy on the right track. But this does not prevent the Central Bank as priorities as follows:
• The Central Bank and the Ministry of Finance analyze the current and expected financial position of the banks (2018-2022) and determine the actual need for liquidity to maintain the cash circulation in the Iraqi market and activate the economic cycle in all areas and develop a proactive plan to prevent bankruptcy and collapse of some banks and maintaining the wheel of banking under the circumstances And the use of new mechanisms and instruments for monetary policy applications to enhance financial inclusion.
• The current banking financing structure is plagued by many failures and obstacles. In order to increase the credit and total financing of banks and to activate their contribution to various investment aspects and reconstruction and to push the development process and move the economic cycle in Iraq, we see as a serious step is to reconsider the policy of lending and bank financing and activating the maximization of financing private projects As a social and economic objective of special priority and urgent and that the Central Bank of Iraq has an effective supervisory and supervisory role. 
• Amend the economic legislation in Iraq, which regulates the economic and banking work in order to promote the economic and banking reality, in particular the Banking Law No. 94 of 2004, the Companies Registration Law No. 21 of 1997 and the Iraqi Market Law No. 74 of 2004 and the Investment Law No. 13 of 2006. And activating the law of partnership between the public sector and the private sector.
• Issuing the SME law to help create new job opportunities, reduce poverty and destitution, contribute to economic and social development plans, and reduce unemployment. 
• Activate the role of government banks, specialized banks and private banks to provide soft loans to the national private sector as well as find solutions to the problems of taxes and accrued benefits that resulted from the owners of projects suspended production.
• Reviewing the executive regulations and guidelines for the application of monetary policy and setting up a prudent regulatory system to follow up implementation, especially regarding the external transfer and sale window of the currency supervised by the Central Bank of Iraq and the development of new mechanisms with regard to foreign transfer and documentary credits. The implementation of the procurement curriculum for the government and private sector, which should be prepared by the Ministry of Commerce in light of estimates of consumer need.
• Securing legal and technical requirements for large-scale coordination between state banks and private banks, as well as taking quick steps to structure the Rafidain and Rashid banks, unify the specialized banks of the Bank for Development and Investment and manage market economy mechanisms. On the other hand, the development of the Iraqi banking payments system and its modernization and the organization of financial and monetary trading in accordance with the latest electronic banking systems applied in the countries of the world. 
• Review, evaluate and reclassify banks in accordance with the standards of efficiency of performance and activity by adopting international standards based on the process of auditing and evaluation accounting institutions neutral international certified and under the supervision of the Central Bank of Iraq. That the integration of banking specific foundations and means to address the problems and obstacles to work in the banking sector and transition from the role of exchange to the developmental role. 
Advisor to the Association of Iraqi Private Banks

http://www.alsabaah.iq/Article.....?ID=155317

[Synopsis]

1 hour ago, DinarThug said:

Reviewing the executive regulations and guidelines for the application of monetary policy and setting up a prudent regulatory system to follow up implementation, especially regarding the external transfer and sale window of the currency supervised by the Central Bank of Iraq and the development of new mechanisms with regard to foreign transfer and documentary credits. The implementation of the procurement curriculum for the government and private sector, which should be prepared by the Ministry of Commerce in light of estimates of consumer need.

 

So here is an opinion piece and, I must say, this would look VERY GOOD if implemented.

 

              

 

WOWZERS!!!

 

What, pray tell, kind of "estimates Of Consumer Need" are they referring to???!!!

 

Hmmmmmmmmmm...............................................

 

Seems to infer international of some sort AND the replacement of the CBI currency auctions. Maybe I'm just nuts and reading things into this. After all, it is just an opinion piece.

 

In The Mean Time...........................................

 

Go Moola Nova (YEAH, BABY!!!)!!!

[NoviceInvestor]

1 hour ago, ChuckFinley said:

Looking forward to 2019. Looking good and I may be out by then.  

I sincerely hope we are out of this by 2019...

[Pitcher]

I hope we are done by July.  If not we wait, not selling out.  

[jmartin1145]

3 hours ago, Half Crazy Runner said:

 

🤣🤣🤣🤣

love it!

Call me crazy. But I thought it was a waste of ammo.

[gregp]

7 hours ago, ladyGrace'sDaddy said:

Giving me a ruby and putting LOL after your foul comment doesn't negate that you just created a sever violation of forum rules. 

And if you think that offends me then it only shows how little you are. I'm HAPPILY married to  a Gorgeous young Lady. And so I get called names 

all the time. I don't care what you think, but you will follow forum rules or you will be put on Mod review.  

Too far. 

[DinarThug]

Mehdi Mohammad Reza *: Alalak

 

BY 

IRAQI NETWORK OF ECONOMISTS 

- POSTED ON 08/04/2018

 

 

He entered us from an unexpected door, it was a surprise. He is Ali al-Alaq, acting central bank governor. His entry was dramatic, from a side door, the scene was lacking in applause, or any other effect . Shook us all, and wiped away all the previous aura . He was witty, contemplative, hoping that his message would reach us easily, maybe he knew we were not well spent, he would say, and we have no capacity for interventions. He was sitting on his right, deputy governor Munther al-Sheikhli, and the director of the administration . I thought myself, loaded with questions, doing my best, I waited until he completed his words, about the achievements of the Central Bank, since taking office. Talked about the importance of the independence of the Central Bank, and monetary stability, and control of inflation. And the most important developments that took place in the bank, the management of foreign reserves, and investment in it, after he developed Kadra for this task, and is now overseeing the process . He also spoke about the central role of supervision and control over the public and private banking sector. His talk about government banks, represented by Rashid and Rafidain, was painful, burdened with the weight of the legacy of the past, which can not be solved, but uprooting it from its roots and liquidating it. I do not think he can do it . He also referred to the private banking sector, which has nothing to do with the fact that the country has 70 banks, which do not have the lowest banks in its work . He said he did not give a single leave to any new bank, except Islamic banks, embarrassed by the parliament, where he voted for it . He also spoke proudly about the central bank's pre-emptive control of private banks in the event of any imbalance in which personal control and technical techniques interfere . One of the worst we have heard: Iraq's bank dealers are only 11 percent of Iraqis.This suggests that the failure of citizens' trust in banks is justified by a culture of society (Iraqi society tends to put money in its hands casually), perhaps . Also referred to the bank lending industrial and agricultural projects, about $ 6 million and a half, and this was a successful achievement, it was not quite clear. How he spent this money, and what his influence actually was . Most importantly, the rise in reserves in the central bank does not depend on the bank, and probably on the finance ministry itself . He talked about how to sell the dollar at the auction of the currency, which is as follows: Finance receives oil revenues in dollars, giving it to the Central Bank, in order to sell them, because the bank is more knowledgeable in the process of selling, and the association of banks and drainage and transfer companies. This makes it easy to sell. Since it is the finance that determines the need for sale, for the purpose of paying salaries, for example, in dinars, and the budget of the ministries as well, so the story of the sale and quantity, determined by the Ministry of Finance, not the Central Bank . He explained to us recently, that there is no alternative to the currency auction, but the bank takes the dollar, and print a dinar, which means a disaster in inflation . Thus, even the question of lower reserve is not directed to the central, but to the financial. "We need more information here on the subject of reserves ." The man ended up talking and began to wait for the questions of his guests. The eldest, Adnan Hussain, began to ask questions, obviously both public and non-specialized. The others spoke as well, and it was quite clear that no one specialized in economics . Have we been summoned for this reason, being non-specialists? But what does a man do? How his message will reach the media, and then the public . The truth is not the blame, but the blame here is all of us, the owners of the newspapers. I am one of them. I do not have a single economic journalist .
 
When the questions came to me, I first thanked him for the kind invitation, and then told him, frankly, that we do not have a competent economic press. And the reason for us. Yes, we have academics and important experts, so I thought, before meeting the invitation, to contact some experts to ask them questions.

 

My question is that the questions sent to me by one of the economists were clear-cut and clearly biased to the former governor. All the questions revolve around him. And that the current governor has put great pressure on him when he was a director in the Council of Ministers, and that he was holding hearings similar to the trials of the former governor, has faded into these eternal conflicts.

 

I asked him one question about the former governor. I said, "According to our information, your grandfather was a critic of monetary policy, especially the currency auction, during the period of Sinan al-Shabibi and the appearance of Muhammad Saleh." What are the fundamental changes that you made during your work on the currency auction, To the currency window?

 

Another question: We also heard that during your tenure as Secretary-General of the Council of Ministers, you were in serious disagreement with the former governor, and you tried to subject the Central Bank administration under the supervision of the Council of Ministers, but Shabibi rejected it strongly and insisted on the independence of the bank.

I also asked him: Why did you stop the announcement of the demand to buy the currency, and you limited the amount of sales. This causes a shortage of analysts and observers, in the knowledge of supply and demand, study the difference, and find solutions.

I also asked him:

You are happy with the convergence between the parallel price of the dollar and the official price. Will this continue in the future? till when?

My last question was about the bank deposit guarantee company to protect citizens' deposits?

When the answer began, he was clearly distressed by the accusation that he was at odds with the former governor, and stressed that there was no such disagreement at all. But that he is still in contact with Shabibi,and that now he is helping him to complete the treatment of his retirement. And he went to integrity himself, condemning a book (did not clarify content), was directed to Shabibi .. And arrested.

While mentioning the only dispute between them, was related to the subject of money laundering, when Shabibi refused to intervene and indicates that it is the responsibility of security and not the bank, and that he was very interested in any relationship to the subject of money laundering, and was able to limit it during the period enjoyed by the management of the bank .. Enjoying this achievement.

He addressed the other questions with brief answers, and I am not clear to them, as is the case with the other guest's questions, which seemed unclear to me, and their answers are very similar.

We finished more than two hours later, received simple gifts of high moral value, and then went to a lunch at the bank cafeteria, which the central bank gave an investment for two smart girls as it appeared in the arrangement. I think the Lebanese touch was overwhelming, because the visual taste of the place was outstanding, and the best was the seafood meal .

I sat in front of the governor, who began to refuse to diversify the food, just to the plate in front of him. We talked about kitchens in the world. He had a lovely taste of choice and talk about food, and his love for him, despite his thickening.

Reminded me, once, the late Ahmed Mahanna, that he did not like eating for a decent! I do not know how true it is, but experience has shown me that.

The truth was that the humility of the relations was very striking, and there were remnants of dignity and luxury in the days of his youth, a smile above his cheeks, and consistency in the colors of his clothes, carefully studied.

After we drank tea, which he did not like being ( teabags ), he quietly went left, and we went right.

And so ended my first meeting with the ..

 

 

Source: Al-Alam Al-Baghdadiya newspaper, 1941 and 1942, 8/4/2018 and 9/4/2018

 

http://www.alaalem.com/?aa=news&id22=46112

link

[blueskyline]

Thanks Thug . So . This reads as if we have a new Central Bank Governor . A play from our playbook if true . A New appointment signifies a new phase ....???

[davis411]

Mmmmmm

and a little more mmmmm

 

come on give davis good news 

[Floridian]

55 minutes ago, blueskyline said:

Thanks Thug . So . This reads as if we have a new Central Bank Governor . A play from our playbook if true . A New appointment signifies a new phase ....???

 

It doesn't read that way to me.  To me, it sounded like the newspaper owner was upset that he does not have economic reporters and did not know whether the CBI Governor was doing the right thing.  Not positive at all, but that's what I got from it.  

 

I was surprised they're still call Alak "acting Central Bank Governor".

[blueskyline]

25 minutes ago, Floridian said:

 

It doesn't read that way to me.  To me, it sounded like the newspaper owner was upset that he does not have economic reporters and did not know whether the CBI Governor was doing the right thing.  Not positive at all, but that's what I got from it.  

 

I was surprised they're still call Alak "acting Central Bank Governor".

I now agree with you Davis . The picture of the man sitting must be the owner of the newspaper . I mistook him to be a possible new governor 

[3n1]

41 minutes ago, Floridian said:

I was surprised they're still call Alak "acting Central Bank Governor".

 

after maliki's failed attempts of robbing all the central reserves by putting Turkey then Alak in as proxy cbi governors i was always confused when they referred to Alak as cbi gov. guess it never mattered really he has just been the guy sitting in the chair as the article piece relates he has been / stays in contact with Shabbs .. my gosh i think i follow iraqs government more than my own .... lets roll  

[10 YEARS LATER]

17 hours ago, Synopsis said:

 

So here is an opinion piece and, I must say, this would look VERY GOOD if implemented.

 

              

 

WOWZERS!!!

 

What, pray tell, kind of "estimates Of Consumer Need" are they referring to???!!!

 

Hmmmmmmmmmm...............................................

 

Seems to infer international of some sort AND the replacement of the CBI currency auctions. Maybe I'm just nuts and reading things into this. After all, it is just an opinion piece.

 

In The Mean Time...........................................

 

Go Moola Nova (YEAH, BABY!!!)!!!

 

Hmmm . . . Nuts ? Yea, probably-we’re All Nuts or we wouldn’t be here. I’ve put up with more “ Mental Cruelty “ “ Anxiety “ & “Emotional Abuse “ in the last 15 years from these jokers than the 11 years I spent with my 1st wife ! 

[Synopsis]

2 minutes ago, 10 YEARS LATER said:

 

Hmmm . . . Nuts ? Yea, probably-we’re All Nuts or we wouldn’t be here. I’ve put up with more “ Mental Cruelty “ “ Anxiety “ & “Emotional Abuse “ in the last 15 years from these jokers than the 11 years I spent with my 1st wife ! 

 

 10 Years Later, AND The Best Of Your Week To You!!! 

 

In The Mean Time........................................

 

Go Moola Nova (YEAH, BABY!!!)!!!

 

P.S. I ran out of emeralds so I'll have to stop by later. Please accept++++++++++++++for now.

[dinarham]

This  journey has been  been fun for me 

[FROSTYJACK]

On 4/7/2018 at 2:54 PM, ladyGrace'sDaddy said:

OMG, I can see the skin on the back of her hand. STONE HER

                                                     

 For someone who makes it a point to let everyone know what a good Christian he is this doesn't seem like a very Christian attitude. True colors?