Monetary Policy Harvest (2016-2019)

[Butifldrm]

2018-07-24 BY SOTALIRAQ

 

Proposed solutions to stimulate development in Iraq

 

 

After the start of a new wave of protests in Iraq since the beginning of 2018, the federal government and under the pressure of this wave launched a number of promises to calm the angry street because of the spread of unemployment and lack of services, the promises were as follows: 
1. The launch of degrees in the provinces of the south and central If these grades New or vacant as a result of the movement of owners. 
2. Allocation of large sums within regional development allocations. 
3. Promises to resume financing projects that were suspended after 2014 due to the financial crisis. 
4. Promises to provide water rations to these governorates to enable farmers to farm and compensate those affected as a result of water scarcity. 
5. Various promises are mostly based on funding from the Ministry of Finance.

The observer can draw a number of observations on these promises: 
1. All these promises are (reaction) to the wave of protests and not the result of strategic planning to solve the problems experienced by the provinces in the south and center and the rest of Iraq knowing that most of these problems, if not all of them Chronic problems and not born this month or this year, thus the credibility of these promises are weak and the likelihood of their implementation is unlikely. 
2. The problems that emerged from the protesters to the street are the results, not the reasons, the results of bad economic and financial policies led to the situation that Iraq has reached economically, therefore addressing these problems must be by addressing the original reasons by correcting the wrong policies adopted during the fifteenth Last year.
3. If the federal government carried out its promises to the protesting provinces, it would have returned to the same economic and financial policies that wrongly brought Iraq to what it reached today, meaning that the government will not be successful in resolving the crises of Iraq, but increased the age of these crises and the confrontation with them a short period .

We propose to the federal government the following solutions to address the problems and crises of Iraq:
1. The launch of functional grades will carry the state budget for long-term financial burdens with no need for the country for such grades because the government itself says that the number of employees is greater than the number required by the deletion of vacant grades for previous years and a guide to grant a leave to the employee for five years without Wage The number of unemployed in Iraq is large and is larger than the government's ability to absorb them into public sector jobs. Instead of launching job grades, we suggest that social protection benefits be provided to the unemployed temporarily (for a period of 6 months, renewable) with the requirement that the covered 
2. In order to help young unemployed to cross the stage of rehabilitation and dependence on social benefits listed in the first point above should be the federal government to develop an effective policy to protect the Iraqi national product and anti-dumping goods to the Iraqi market from neighboring countries and other countries, can be done through two tracks:

a. The border crossing authority is the first line of defense to protect the Iraqi economy. The state tightens its grip on these vital facilities and eliminates corruption and routine in these ports to ensure that the laws and regulations are strictly and without any leniency. After checking the validity and safety of these ports, So that we allow the Iraqi market activity and the provision of these goods and thus provide employment opportunities for unemployed youth, there are many useful economic studies in this area, which can overcome any shock or crisis that can occur during the transition from dependence on flat goods

B. The establishment of a national strategic objective for Iraq, namely the sufficiency of the electricity generation sector itself and the lack of the need to import electricity set a period of not more than 3 years to achieve this goal taking into account the current maximum load and the expected increase over the next ten years and the expected increase in the case of the return of the various economic sectors of the activity at full capacity, The success of Iraq in the provision of electricity will reduce the cost of production and improve the chances of competing with the local product and also improves the possibility of small and medium enterprises in the sustainability and continuity.

3. Fighting corruption as the most important challenge stands in the face of any proposed solutions and there are several specific procedures identified by the Federal Government and the Central Bank and other entities through which to strengthen the Iraqi economy so as to reduce the smuggling of foreign currency and makes investment in Iraq encouraging and attractive to Iraqi and foreign investors.

In short, these are quick and practical proposals that can be built on to overcome the current crisis instead of running away and taking incorrect steps or not taking any steps from the ground up.

https://www.sotaliraq.com/2018/07/24/حلول-مقترحة-لتنشيط-التنمية-في-العراق/

[yota691]

The decline of the Turkish lira and the recovery of the Iraqi dinar

 

Articles Samir Nusairi Samir Nusairi Through my presence in Turkey for several days and living for the movement of the cash market and the rates of the exchange rate of the Turkish lira compared to the US dollar and my daily exposure to the economic indicators and reports published and published by the Central Bank of Turkey and the centers of studies and Minsher in the newspapers and the media and most important are the views of citizens, industrialists and traders, Cash in the Central Bank of Turkey, which was issued on July 25, which kept the interest rate by (17.75%), contrary to the expectations of experts, analysts, industrialists and investors, which led to the devaluation of the pound (15.4%), where a decision was made yesterday to increase the price of bread by 25%, and this made the experts and leaders of monetary policy in Turkey (25%), which is the lowest value in 14 years. Believe that the continuation of this situation will lead to (defeat the market) and then become policies The hardliner of the central bank is useless. What interests me here is the comparison between the monetary and financial policies and the economic mechanisms adopted by the Central Bank of Iraq, which was able, with a purely Iraqi experience and self-sustaining efforts to maintain the stability of the exchange rate and recovery of the Iraqi dinar in the most difficult political, security and economic condition did not pass any of the countries of the world during the three years In the past, despite the traders of crisis crises continued monetary stability for seven months and will continue because of the absolute faith in the management of the Central Bank of the ability of the Iraqi banking sector to cope with crises and support and compliance with the instructions of monetary policy applications issued by the bank Iraqi uniform and the application of international standards of moderate in the global banking system. Views 102   Date Added 07/26/2018

[yota691]

Transparency and disclosure A consistent approach to the CBI

 

Articles Samir Nusairi The Central Bank of Iraq issued a detailed report on the revenues and expenditures of Iraq for the years (2005-2017), considering that the Central Bank is the financial adviser to the government, which manages the accounts of the Ministry of Finance of foreign exchange of Iraq's exports of oil, which is the main supplier of foreign currency and constitutes about 93% of the total Budget revenues and 65% of GDP. The report showed high transparency and disclosure on the accuracy of the data as revenues totaling 706 billion dollars and government expenditures totaling 703 billion dollars and the remaining was converted as the opening of the Ministry of Finance for 2018. The main and most important thing in this report is the most obvious and significant part of the government expenditure over the years, which focused on operating expenses by a large percentage, security expenditures, the war on terror and government revenues in light of the contracts concluded by the ministries, particularly electricity, oil and service ministries. Which occupied the salaries and wages of the highest proportion of them. It also notes that the report clearly indicates that the highest oil revenues achieved in 2012 and the highest spending achieved in 2013 and the lowest revenues achieved in 2016 and analysis of the data in the report we note that the Central Bank of this report to public opinion as follows:   1 - The data contained in the report confirms the transparency and disclosure of the Central Bank of Iraq for the first time since 2003 at least to declare a certified and transparent report of the total revenue from foreign currency and total expenditures of the foreign currency of the government according to approved exchange doors.   2 - The data contained in the report refutes all information data authorized by specialists and non-specialists in the various media.    3 - The data contained in the report has nothing to do with the sale of currency and foreign reserves of the Central Bank, which exceeded the limits of 56 billion dinars, which are measured enough to cover private sector imports, which are enough to 15 months in the event of non-export of oil.      I think that the central bank's disclosure of the foreign currency data with the exact accuracy required me and my colleagues and researchers to conclude that the continuation of oil prices at current rates or a slight rise due to the economic, political and security conditions that surround some regions of the world during the remaining months of 2018 will help That the price of Iraqi oil source up to $ 67 a barrel (net), which will increase revenues and cover the deficit in the budget will increase foreign reserves and provide the government with space and good flexibility to implement its service plans and investment     Views 22   Date Added 31/07/2018

[yota691]

A proposed economic vision for the reform plan for the next government

 

Economic Adviser Samir Nusairi

Articles Samir Nusairi The government is suffering from mismanagement and mismanagement of public funds in some ministries and state institutions, the challenges of the war on terrorism, the decline in oil prices and the obvious imbalance in providing basic services to citizens such as electricity, high poverty and unemployment. 15 years of widespread financial and administrative corruption in most areas and lack of services and high rates of poverty, destitution and unemployment for many subjective and objective reasons known to officials, specialists and non-specialists. Therefore, we believe that the new government next will face significant tasks to overcome The suffering of the people and government above and that one of its first duties is the comprehensive and radical economic reform because reforming the economy is the solution to all problems. So we propose a road map for the reform of the next new government as follows First: To review, evaluate and reconstruct the structural and institutional system of the economy according to the following: 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 is responsible for strategic planning of the economy, defining executive policies, monitoring and monitoring implementation of development plans and future visions. Its decisions shall be binding upon the approval of the Council of Ministers. The following national economic institutions are supervised and followed up: 1- The Private Sector Council and its Chairman shall be a member of the Council of Ministers 2. National Savings Fund (Sovereign Fund) 3- High Committee for Import, Export and Investment 4. National Reconstruction Council 5 - Council for the support and protection of national production 6. Small and Medium Enterprise Development Corporation 7. General Service Council Second: - Review and evaluation of the applications of financial and monetary policies Despite the initiative of the Central Bank of Iraq to prepare and launch its drawdown for the years (2016-2020), which included major and subsidiary objectives to achieve financial and monetary stability and develop the banking system in accordance with new mechanisms and work points. Iraq and the application of monetary policy on the right track. But this does not prevent the Central Bank as priorities as follows: 1- The current banking finance 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 aspects of investment 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, 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. 2- Amend the economic legislation in Iraq which regulates the economic and banking work in order to improve the economic and banking reality, in particular the Banking Law No. (94) of 2004, the Registration of Companies Law No. 21 of 1997 and the Iraqi Market Law No. 74 of 2004 and the Investment Law No. 13 of 2006 and the activation of the Public-Private Partnership Law and the Local Product Protection Act. 3- Issuing the SME law to help and create new job opportunities, reduce poverty and destitution, contribute to economic and social development plans, reduce the high unemployment rate of more than 28%, activate the establishment of the guarantee company, guarantee credit and loans and establish the Social Development Fund. 4 - Activate the role of government banks, specialized banks and private banks to provide easy loans to the national private sector as well as finding solutions to the problems of taxes and accrued benefits that resulted from the owners of projects suspended production. 5. Securing the legal and technical requirements for large-scale coordination between government banks and private banks, as well as taking quick measures to structure the Rafidain and Rashid banks and standardizing the specialized banks of the Bank for Development and Investment and managing the market economy. On the other hand, the Central Bank continues to develop and modernize the Iraqi banking payments system And monetary in accordance with the latest electronic banking systems applied in the countries of the world. 6. Reviewing, evaluating and reclassifying banks according to the standards of efficiency of performance and activity by adopting international standards based on the audit and evaluation process. Small and weak activity with large and stable banks with the aim of developing and developing the private banking sector. The banking integration should be defined as a basis and means to address the problems and obstacles to the work of the banking sector and move it from the role of banking to the developmental role. Economic and banking consultant Views 191   Date Added 04/08/2018

[blueskyline]

Thank You Yota . GA DV's .

[10 YEARS LATER]

Imagine a day when endless proposals, committees, dialogue and such are actually replaced with ACTION ! 

[Theseus]

5 minutes ago, 10 YEARS LATER said:

Imagine a day when endless proposals, committees, dialogue and such are actually replaced with ACTION ! 

That's a day when pigs fly, unicorns are real and actually do fart rainbows.

[yota691]

A proposed economic approach for the new government

 

Articles Samir Nusairi And that all subsequent governments and through their implementation and walk in accordance with these laws proved experience that they are deficient laws and need to rephrase and modify because, despite Iraq's high oil resources during the years above and the growing numbers of public budgets did not achieve anything on the level of economic construction sound, but vice versa Iraq reached the lowest level In most areas of life and the last that he suffered from a severe economic and financial crisis due to objective reasons such as the decline in world oil prices and the costs of the war on terrorism, but there are subjective reasons borne by successive governments and political and economic cadres that suffered The responsibility of the state administration because of lack of expertise, professionalism and specialization in addition to the lack of methodology and economic thought and laws that serve the application of the economic approach and the major damage that caused this is the allocation and poor proper planning of the economy and the mismanagement of public funds while respecting all good intentions and dignified national figures and some economic institutions that were In light of this reality, there have been public demands to re-route and reform the political and economic process in a new approach to form a new government based mainly on reforming the national economy and engaging the real private sector in the management of the economy. We are concerned as economists at this stage and after our analysis of the reality of the Iraqi economy and the basis of construction, which was adopted previously in the management of the economy and methodology in that we emphasize what we have previously pointed out that to the present time we do not have an economic approach and there is no road map to repair the wrong construction adopted by previous governments over the past years The situation continued from failure to failure until we reached the economic and financial crisis in 2014 and we still suffer from it despite some successes achieved by some economic institutions in achieving economic steadfastness and supporting the national economy with good policy applications Which has contributed to reducing inflation and maintaining the stability of the exchange rate and building sufficient foreign reserves in accordance with international standards and standards of the International Monetary Fund. In my humble opinion, the Iraqi economy in general and beyond its economic and financial crisis requires not only the government of experts and technocrats, That's the need (Economic reform is the solution to all the problems of Iraq) and the creation of sustainable development and the diversification of resources and the development of economic and human structures for the sound construction of the Iraqi economy and the construction of introductions The transition to a social market economy according to the Iraqi experience in the study and analysis of past and current reality and the outlook for the future and the possibilities available and a realistic and ambitious roadmap depends on the management and distribution of public funds in a transparent and fair that the beneficiary in theThe results and outputs of the people and the citizen feels that his national economy and its resources and its resources are dedicated to ensure a decent living for him and his family as stated in the articles of the Iraqi Constitution Daim and to achieve the welfare of society and to be developed this new reform approach by our experts and our Iraqi competencies and the lion of accreditation and the use of international experts, Countries First: Re-establish the structural and institutional system for managing the economy by involving the private sector in leading economic institutions and selecting independent national economic competencies and experiences that have successful experiences in economic management. Second: the development of policies and priorities to diversify sources of financing the budget and not rely mainly on oil only. Third: The transition to the decentralized administration of the economy and the transfer of the necessary powers to the local governments in the provinces to be led by their councils independent technocrats and subject to the central monitoring body, which is linked to the Prime Minister and this body is a specialized technical body to follow up the implementation of development plans for the provinces. Fourth: Achieving sustainable economic development, creating and creating investment climate for local and foreign investors, motivating and encouraging them, and guaranteeing their contractual rights to attract their capital and protect them from the pressures of spoilers. Fifth: Providing soft loans to finance small and medium enterprises and establishing a legal and institutional system to finance their management, development and development. Sixth: Issuing and amending the laws of the legal environment to regulate the economic process. This means issuing new laws instead of the laws issued in 2004 by the US governor. Seventh: stimulate and encourage investment in the agricultural, industrial, energy, tourism, services, construction and housing sectors. Eighth: Reforming the banking sector through reviewing, rating, structuring and distributing government and private banks and distributing them according to the needs of the Iraqi monetary and economic market and in accordance with international standards. Ninth: Reforming the tax, financial and customs system by re-establishing the bases and forms of tax and customs accounting and using modern technologies adopted in the countries of the world, in order to enhance and improve the revenues received by the State Treasury. * Economic and banking consultant Views 42   Date Added 08/27/2018

[blueskyline]

Thank You Buti and Yota for making a feed with predominantly al- nasari . He seems to be the lead economist for Iraq . And their coming plans . 

[Butifldrm]

Nusseiri: structural, structural and technical development in the Central Bank contributes to financial and monetary stability

  

 Banks

Economy News _ Baghdad

 The economic and banking adviser to the Association of Private Banks Samir al-Nusairi said on Friday that the structural, structural and technical developments carried out by the Central Bank during the years 2016 and 2017 contributed to the emergence of prominent features to achieve financial and monetary stability.
Al-Nusairi said in an interview with Al-Iktissad News that "the Bank's actions contributed to the support it provided to the national economy during the economic and financial crisis and the war on terror. It is a bright spot and a success experience in a country that is going through harsh conditions and a historic phase that is the most difficult to meet the economic and security challenges. Which passes through any country in the world during the past four years such as Iraq, "noting that" efforts and wise policies and applications of monetary policy and development measures of the Central Bank in the difficult economic stage of Iraq, where the bank was able to draw a strategy for the years (2016-2020) Stability in the financial system, stimulating fiscal growth, financial inclusion, structural and institutional construction, and optimal investment in human capital. "
He added that "the Central Bank has achieved important achievements, including maintaining the inflation rate of not more than 2% and the level of foreign reserves within the acceptable rates in accordance with international standards as the foreign reserves of Iraq to the extent of $ 58 billion and stimulate the banking sector regulatory and supervisory and regulatory and establish new units within the regulatory structures of banks Such as compliance, combating money laundering, financing terrorism, managing credit and operational risks, issuing the Money Laundering Law 39 for the year 2015, forming the Anti-Money Laundering and Terrorism Financing Council, developing payment systems and implementing all payments by retail and telephone. Mobile and the establishment of national and divided work on the application of international standards in financial reporting in line with the transparency and disclosure of starters and the formation of the Iraqi Payments Council. "
He pointed out that "the Bank's efforts exerted daily to stimulate financial inclusion and the formation of the Financial Inclusion Council and draw a national strategy for financial inclusion and focus on the initiative to settle the salaries of employees for the purpose of raising the financial coverage of the population who do not have accounts in the banking system," explaining that "for the purpose of re-confidence in the sector The bank has re-evaluated and classified banks in accordance with international standards and standards in evaluating business results and measuring the efficiency of performance, as well as the establishment of the deposit insurance company in order to raise the savings rate at banks and reduce the percentage of home-based economy and thus stimulate the economy through activating the Investment banking and finance and take regulatory and structural measures and the introduction of the depository center in the Iraqi market for securities and the establishment of a national center to inquire credit. " 
Al-Nasiri said that "at the level of international banking relations, the Central Bank has been able, with exceptional efforts, to restore relations with Arab and foreign central banks and to deliver the achievements achieved over the past three years to the international financial institutions such as the Financial Action Organization, which contributed to the transition of Iraq's classification from the monitoring and follow- To the normal follow-up area every two years, "considering the visit of the Governor of the Central Bank Ali Al-Alak last month to the Security Council and presented the achievements and organizational and structural development and technical compliance with international standards Financial reporting and enhance the confidence of the Iraqi economy and Iraq's ability to adhere to international credit benefits and accolades of the World Bank and the IMF have had a clear impact in strengthening economic resilience and financial victory.

 

Views 21   Date Added 31/08/2018

http://economy-news.net/content.php?id=13463

[Carrello]

"To the normal follow-up area every two years, "considering the visit of the Governor of the Central Bank Ali Al-Alak last month to the Security Council and presented the achievements and organizational and structural development and technical compliance with international standards Financial reporting and enhance the confidence of the Iraqi economy and Iraq's ability to adhere to international credit benefits and accolades of the World Bank and the IMF have had a clear impact in strengthening economic resilience and financial victory.

[newbieDA]

12 minutes ago, Carrello said:

"To the normal follow-up area every two years, "considering the visit of the Governor of the Central Bank Ali Al-Alak last month to the Security Council and presented the achievements and organizational and structural development and technical compliance with international standards Financial reporting and enhance the confidence of the Iraqi economy and Iraq's ability to adhere to international credit benefits and accolades of the World Bank and the IMF have had a clear impact in strengthening economic resilience and financial victory.

 

that is what we are looking for, international standards, nice

[blueskyline]

Thank You Buti ..................

[TexasMike1958]

On ‎7‎/‎24‎/‎2018 at 8:02 AM, Butifldrm said:

2018-07-24 BY SOTALIRAQ

 

Proposed solutions to stimulate development in Iraq

 

 

After the start of a new wave of protests in Iraq since the beginning of 2018, the federal government and under the pressure of this wave launched a number of promises to calm the angry street because of the spread of unemployment and lack of services, the promises were as follows: 
1. The launch of degrees in the provinces of the south and central If these grades New or vacant as a result of the movement of owners. 
2. Allocation of large sums within regional development allocations. 
3. Promises to resume financing projects that were suspended after 2014 due to the financial crisis. 
4. Promises to provide water rations to these governorates to enable farmers to farm and compensate those affected as a result of water scarcity. 
5. Various promises are mostly based on funding from the Ministry of Finance.

The observer can draw a number of observations on these promises: 
1. All these promises are (reaction) to the wave of protests and not the result of strategic planning to solve the problems experienced by the provinces in the south and center and the rest of Iraq knowing that most of these problems, if not all of them Chronic problems and not born this month or this year, thus the credibility of these promises are weak and the likelihood of their implementation is unlikely. 
2. The problems that emerged from the protesters to the street are the results, not the reasons, the results of bad economic and financial policies led to the situation that Iraq has reached economically, therefore addressing these problems must be by addressing the original reasons by correcting the wrong policies adopted during the fifteenth Last year.
3. If the federal government carried out its promises to the protesting provinces, it would have returned to the same economic and financial policies that wrongly brought Iraq to what it reached today, meaning that the government will not be successful in resolving the crises of Iraq, but increased the age of these crises and the confrontation with them a short period .

We propose to the federal government the following solutions to address the problems and crises of Iraq:
1. The launch of functional grades will carry the state budget for long-term financial burdens with no need for the country for such grades because the government itself says that the number of employees is greater than the number required by the deletion of vacant grades for previous years and a guide to grant a leave to the employee for five years without Wage The number of unemployed in Iraq is large and is larger than the government's ability to absorb them into public sector jobs. Instead of launching job grades, we suggest that social protection benefits be provided to the unemployed temporarily (for a period of 6 months, renewable) with the requirement that the covered 
2. In order to help young unemployed to cross the stage of rehabilitation and dependence on social benefits listed in the first point above should be the federal government to develop an effective policy to protect the Iraqi national product and anti-dumping goods to the Iraqi market from neighboring countries and other countries, can be done through two tracks:

a. The border crossing authority is the first line of defense to protect the Iraqi economy. The state tightens its grip on these vital facilities and eliminates corruption and routine in these ports to ensure that the laws and regulations are strictly and without any leniency. After checking the validity and safety of these ports, So that we allow the Iraqi market activity and the provision of these goods and thus provide employment opportunities for unemployed youth, there are many useful economic studies in this area, which can overcome any shock or crisis that can occur during the transition from dependence on flat goods

B. The establishment of a national strategic objective for Iraq, namely the sufficiency of the electricity generation sector itself and the lack of the need to import electricity set a period of not more than 3 years to achieve this goal taking into account the current maximum load and the expected increase over the next ten years and the expected increase in the case of the return of the various economic sectors of the activity at full capacity, The success of Iraq in the provision of electricity will reduce the cost of production and improve the chances of competing with the local product and also improves the possibility of small and medium enterprises in the sustainability and continuity.

3. Fighting corruption as the most important challenge stands in the face of any proposed solutions and there are several specific procedures identified by the Federal Government and the Central Bank and other entities through which to strengthen the Iraqi economy so as to reduce the smuggling of foreign currency and makes investment in Iraq encouraging and attractive to Iraqi and foreign investors.

In short, these are quick and practical proposals that can be built on to overcome the current crisis instead of running away and taking incorrect steps or not taking any steps from the ground up.

https://www.sotaliraq.com/2018/07/24/حلول-مقترحة-لتنشيط-التنمية-في-العراق/

 

 

Let me make this simple for all of you birdbrains in Iraq suffering from the desert heat.  

 

PROPOSED SOLUTIONS TO STIMULATE DEVELOPMENT IN IRAQ

1. RV your damn currency.

2. RV your amday currency.

3. RV your @@$##%#%$ currency.

 

Is that too amday difficult for you to understand????  Get your @$@!#$#% act together, begin Parliament next week, pass the #@!$!#% HCL and then have the @!#$@$@$#^% CBI RV the @#@!#$#$T#%$#@$ currency.  Any questions???

 

[jg1]

41 minutes ago, TexasMike1958 said:

 

 

Let me make this simple for all of you birdbrains in Iraq suffering from the desert heat.  

 

PROPOSED SOLUTIONS TO STIMULATE DEVELOPMENT IN IRAQ

1. RV your damn currency.

2. RV your amday currency.

3. RV your @@$##%#%$ currency.

 

Is that too amday difficult for you to understand????  Get your @$@!#$#% act together, begin Parliament next week, pass the #@!$!#% HCL and then have the @!#$@$@$#^% CBI RV the @#@!#$#$T#%$#@$ currency.  Any questions???

 

I protest. You got a Ruby. Who was it and where do you live. Oh, forgot your from Texas, you can handle it. Is it true, everything is bigger, uhh hmm , in Texas. I might just want to move there to see if there is any improvement in size of things. 

[10 YEARS LATER]

3 hours ago, TexasMike1958 said:

 

 

Let me make this simple for all of you birdbrains in Iraq suffering from the desert heat.  

 

PROPOSED SOLUTIONS TO STIMULATE DEVELOPMENT IN IRAQ

1. RV your damn currency.

2. RV your amday currency.

3. RV your @@$##%#%$ currency.

 

Is that too amday difficult for you to understand????  Get your @$@!#$#% act together, begin Parliament next week, pass the #@!$!#% HCL and then have the @!#$@$@$#^% CBI RV the @#@!#$#$T#%$#@$ currency.  Any questions???

 

BEAUTIFUL OLE SON - We’ll said 

[ChuckFinley]

Lets hope that we can get this going this time. 

[yota691]

Indicators of economic resilience and stability in the monetary system

 

Samir Nusairi Central banks in the countries of the world mainly aim to achieve monetary and financial stability through its programs and strategy aimed at maintaining stability in the exchange of local currencies against other foreign currencies and the construction of foreign reserves sufficient in accordance with international standards issued by the International Monetary Fund and the assessment of banks based on other criteria Economic and political shocks in their countries, controlling stable rates of inflation and interest rates, implementing compliance regulations and rules, combating money laundering and financing terrorism. The Iraqi Central Bank's march over the last four years proved that it is progressing steadily to achieve the above objectives. This proves that Iraq has gone out of the monitoring and follow-up area to the regular follow-up area every two years, like other banks in the world according to FATF.  Which we expect to be reflected in the efforts of the Central Bank and the Association of Banks and Banks to restore international banking relations with correspondent banks.  And because of international political changes, most notably US sanctions imposed on Iran and Turkey. In order for the economic analysis to be accurate and non-radical for the reality of monetary stability in Iraq and the effects of the new shock (sanctions) expected on the exchange rate of the Iraqi dinar, which has been stable since 1/1/2018 and remains strong and stable despite international and domestic political shocks. From an economic and analytical perspective of the state of stability in the exchange rate and from a neutral and transparent point of view, we note that the high independence of the Central Bank and the availability of foreign reserves at an average and for determining the adequacy to cover the cash mass in circulation and to cover imports according to the standards of the International Monetary Fund as the foreign reserve is fully insured and occupies Iraq ranks fourth in the Arab world and is currently about $ 58 billion and grows day after day in addition to the strength and recovery of the Iraqi dinar during the past seven months and deal with wisdom and responsibility and independence by the Central Bank will prevent from The international situation and the sanctions on neighboring countries were raised on the reality of monetary stability, which began to be achieved during the first half of this year, with the assurance that the central bank does not fund a deficit in the budget. On the contrary, there is currently a surplus in the budget due to high oil prices. This shock And will be overcome and exceeded the economic and security shocks suffered by the Iraqi economy in previous years. Views 26   Date Added 09/06/2018

[6ly410]

http://economy-news.net/content.php?id=13549

( If Posted already please delete thanks)

Samir Nusairi

Central banks in the countries of the world mainly aim to achieve monetary and financial stability through its programs and strategy aimed at maintaining stability in the exchange of local currencies against other foreign currencies and the construction of foreign reserves sufficient in accordance with international standards issued by the International Monetary Fund and the assessment of banks based on other criteria Economic and political shocks in their countries, controlling stable rates of inflation and interest rates, implementing compliance regulations and rules, combating money laundering and financing terrorism. The march of the Central Bank of Iraq over the past four years has proved to be accelerating

As evidenced by the exit of Iraq from the monitoring and follow-up to the regular follow-up area every two years like the other banks of the world according to the FATF. The Central Bank is honored to be the best Arab conservative in 2018, For Global Finance Annual Report 2018.
  Which we expect to be reflected in the efforts of the Central Bank and the Association of Banks and Banks to restore international banking relations with correspondent banks.
And because of international political changes, most notably US sanctions imposed on Iran and Turkey. To be The economic analyzes are accurate and non-radical about the reality of monetary stability in Iraq and the effects of the new shock (sanctions) expected on the exchange rate of the Iraqi dinar, which has stabilized since 1/1/2018 and remains strong and stable despite international and domestic political shocks.
So that expectations are not taken too drastically and create a state of fear among the public and the banking sector. And from the perspective of economic and analytical insight into the situation of stability in the exchange rate and from a neutral and transparent point of view, we note that the high independence of the Central Bank and the availability of foreign reserves at an average and for determining the adequacy to cover the cash mass in circulation and to cover imports according to the standards of the International Monetary Fund,

Iraq occupies the fourth place in the Arab world and is currently about $ 58 billion and grows one day after another, in addition to the strength and recovery of the Iraqi dinar during the past seven months and deal with the wisdom and responsibility and independence by the Central Bank will prevent the impact of international conditions and sanctions on neighboring countries on the reality of monetary stability Which began to be achieved during the first half of this year with the assurance that the central bank does not fund a deficit in the budget, but vice versa is currently a surplus in the budget because of high oil prices and all represent the real guarantees to protect the exchange rate and face this serious trauma Of.
And will be overcome and exceeded the economic and security shocks suffered by the Iraqi economy in previous years.

 

 

 

 

Edited September 6, 2018 by 6ly410

[jeepguy]

it is a nice article  6ly410  ,  I hope this kind of thinking will give central bank courage to actually  make the dinar worth the power of this article !   (  I can say I am worth  millions of dollars ,  but  can`t cover my butt  )  here Iraq is saying 

29 minutes ago, 6ly410 said:

 

Iraq occupies the fourth place in the Arab world and is currently about $ 58 billion and grows one day after another,

stating they are making  gains  by leaps and bounds ,  (  I thought there was an article not long ago  ---  Iraqi banking was  something like 15 place ?  )  here they have jumped up quite a lot  ,  could it be just for the Iraqi news presses ? 

 

30 minutes ago, 6ly410 said:

  Which we expect to be reflected in the efforts of the Central Bank and the Association of Banks and Banks to restore international banking relations with correspondent banks.

seems to tell every one  -------- international  is here    (  but will it have any punch  to the value  ?  or will they let the dinar lay  dormant  for 4 more  years  ? )

[ChuckFinley]

I am hoping it put pressure on getting this done. 

[ChuckFinley]

On 8/4/2018 at 1:44 PM, 10 YEARS LATER said:

Imagine a day when endless proposals, committees, dialogue and such are actually replaced with ACTION ! 

That would be the day. With you and I having over 30 years in this, they are going to out last us. 

[6ly410]

Go Rv

[jeepguy]

9 hours ago, ChuckFinley said:

That would be the day. With you and I having over 30 years in this, they are going to out last us. 

did you do like  a lot of us  have ?   buy tons of  toys  , hold them and  hope tomorrow  we can pay them off ! 

[6ly410]

https://mobile.twitter.com/hashtag/InvestIraq?src=hash&ref_src=twsrc^tfw. The @IraqiGovt is implementing a strategy to attract Iraqi and international investment, and is laying the foundations for a modern, diverse and fair economy. The Iraqi Gov’t is creating a business friendly environment to support economic and human development in Iraq. As one of the major financial and management consultancies, “Hatem Kawasmy” Managing partner/KPMG Jordan and Iraq, as one of the major financial and management consultancies in the World, KPMG has been working in Iraq for a while, we will continue to work in Iraq in the coming days, months and years.

We are working closely with the Central Bank of Iraq to help develop the Banking Sector. The Iraqi Gov’t is very supportive, it has welcomed many of our proposals and is working to ensure that they are implemented quickly. These proposals focus on simplifying the process to register companies, facilitating the entry of international experts as well as equipment and other material to Iraq.

Iraq is a country rich in human and natural resources. Iraq is now of great interest to many investors from the region and around the world. I invite all companies wishing to invest in the services sector, banking or in other areas to seriously consider investing in Iraq. The Iraqi market has huge opportunities."

Edited September 7, 2018 by 6ly410