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KTFA:

MilitiaMan:  FROM........Sunday 19 May (As of now only released to us, imo. Wink to Frank26) ~ MM

DELTA:  Article

Deputy Prime Minister for Economic Affairs and Minister of Finance presides over the third meeting to prepare the general budget strategy for the year 2020-2022

The Deputy Prime Minister for Economic Affairs and Finance Minister Fouad Hussein chaired an expanded meeting of the Special Committee to prepare the State Budget Strategy 2020-2022
 
During the meeting, which was attended by a number of members of parliament in the Finance Committee and members of the advisers and agents of the Ministry of Finance and Planning discussed several key pillars in the preparation of the general budget, including determining the cost of extracting oil per barrel and expanding export capacities and taking into account the activation of the local market and the movement of local capital 
 

On the other hand, the exchange rate policy and the monetary policy strategy of the Central Bank were discussed 
 
The meeting included the study of the strategic plan of the General Authority for Taxation and the forecasting of tax revenues expected to be collected for the strategic years for the medium term 
 
The meeting also included the provision of non-oil revenues from customs and customs duties and the pursuit of the implementation of the modernization project (customs) based on the requirements of the work of customs and as an urgent need to reach the stage of maximizing revenues
 
The meeting was attended by a number of general managers in the Ministry of Finance and other ministries and the Central Bank of Iraq and the provinces.

http://mof.gov.iq/Pages/MOFBan.....ewsID=680#

 

MilitiaMan:  This article is packed with data that is all about being a real player in the way they, (Iraq) are to do things in the future and have shown in acts in recent past.

Exchange rate Policy Activation of the local Market! They are clearly talking to us like they mean BIG BUSINESS! They even tell us they have a monetary strategy to come.

Think about it. They had this meeting weeks ago now. Then they told you yesterday they Ernst & Young was in town.. lol 

The Board of Directors of the CBI were there and approved their positive opinion of them. I can just imagine Iraq's new Credit Rating being an eye opener Globally once they raise the IQD rate to meet their real value expectations based on oil, taxes, revenues of many types, etc...

They even go so far as to show that transparency and disclosure is at the level that gets the nod now! Maximizing revenues? Who doesn't like that! lol ~ MM


(Article)
"The Central Bank of Iraq, on Wednesday, the completion of the international auditing firm Ernst & Young (Ernst & Young) audit final financial statements of the Bank for fiscal year 2018 in the legal deadline the end of March 2019.

ozkrt Accounting Department of the bank in a statement that « The Board of Directors of the Bank has approved these lists which were issued with a positive opinion (without reservation), which indicates the level of transparency under which the Bank operates, the efforts made in presenting the activities and operations, and the level of disclosure that this institution has. "

"Capital is a term for financial assets, such as funds held in deposit accounts, as well as for the physical factors of production; that is, manufacturing equipment. Additionally, capital includes facilities, including buildings used to produce and store manufactured goods."

"Capital flows refer to the movement of money for the purpose of investment, trade or business production, including the flow of capital within corporations in the form of investment capital, capital spending on operations and research and development (R&D)."

The exchange rate policy refers to the manner in which a country manages its currency in respect to foreign currencies and the foreign exchange market. The exchange rate is the rate at which the domesticcurrency can be converted into a foreign currency.

 

 

MilitiaMan:  I am wondering who can breathe after reading this one? They dealt.. Get it? They DEALT with the most important developments in the Iraqi economy.. lol

The future budgets are based off what it is in the 2019 budget they have not released dealt yet, as we all know by now.. (I.E. they talked about the 2012 - 2018 and 2020 - 2022 budgets to come.) 

I had a nice laugh at the salary adjustments.. Go figure.. They Salaries are part of the most important items? Ya all the knuckle heads working in GOI jobs are smiling biggly.. I'll bet. ..IMO


Now again this is printed May 29th.. They have sat on this til now.. Why? Imo, because the rate is related.. They have to bleed the data out in a timely fashion and directed with purpose.. imo.. lol ~ MM

 

 

DELTA:  FAMILY............MORE CONFIRMATION THAT THE COMING 2020 BUDGET WILL BE IN NEW RATE..

Deputy Prime Minister for Economic Affairs and Minister of Finance chairs the first meeting of the preparation of the State Budget Strategy 2020-2022

FROM.......Thursday, May 9,

Chaired by Deputy Prime Minister for Economic Affairs and Finance Minister Fuad Hussein , an expanded meeting of the Committee for the preparation of the state budget for the year strategy 2020-2022 which was attended by Chairman of the Parliamentary Finance Committee MP Haitham al - Jubouri and a number of members of the Finance Committee and the advisers of the advisers and Deputy Minister of Finance and was at the meeting Discussing the oil revenues, the price of a barrel of crude oil, the quantity of planned production and the revenues of the oil and non-oil region from the revenues of customs tariff, direct and indirect taxes, as well as the presentation of the development plan and the initial framework of the government program

The attendees also put forward a number of viewpoints in order to present a budget for future vision in the coming years to prepare a precise budget and identify the documents that can be applied.

Emphasis was placed on the adoption of some things that fall within the budget, including how to reform the economy and financial and monetary management in the state administration and encourage the private sector , And on the other was discussed encouraging the investment law and national investment projects in the field of oil, agriculture, industry, tourism and transport in addition to foreign investment and included in future budgets and the proposal to allocate funds to create investment opportunities Provinces

The meeting was also attended by a number of Directors General of the Ministry of Finance and other ministries and representatives of the Kurdistan region

http://mof.gov.iq/Pages/MOFBan.....ewsID=680#



MilitiaMan:  I will have to say that with all the talk they speak from the past they clearly have held the data until the timing was right.  For a reason.. The 2019 Budget is their template.. imo.

This one is similar to the prior one. A reiteration of revenues and their future budgets and that they will be precise..

That is transparency be sure! Just as the plan has been to defer the corruption..  ~ MM

 

 

MilitiaMan:  This is about payements.. E - Payments.. So international it reeks! lol ~ MM   IMO



A training course entitled (Credit risk in banks) for the period from 25-2019 to 6/27 and 16-18 / 8/2019

 13th June, 2019

To / Bank Alravedan- General Administration / Arashid- / Agricultural Cooperative / Commercial Iraqi / Islamic Arab / Islamic Zain Iraq / Sumer Commercial / Islamic spectrum / Islamic country / Erbil General Administration for Investment / International confidence ( on the clearing system ACH , ) ... To view Press here

General Directorate of Agricultural Cooperative Commercial Iraqi Islamic Arab Zain Islamic Iraq Asomer Commercial Islamic spectrum Islamic country and Erbil OFF Greetings later, our knowledge number (15229) and fun Lee 19611, and utilities copy attached to the list of names of candidates in the course (electronic clearing system ACHI, which will be held at the Center for Banking Studies at the ninth hour In view of the many nominations, we would like to inform you that the candidates have been divided into two categories, as shown in the following table: 1 1 Please advise your candidates to attend the time and place specified above with the appreciation of the attendants.

We would like to inform you of a training course entitled "Electronic Clearing System ACH" for the period 2019/5/97, at 9:00 am as per the details below. Conditions of nomination - Employees who are related to the subject of the course Name of the Lecturer: Sahar Dawood Odeh / Central Bank of Iraq Announcement of training fees (75000) dinars (seventy five thousand dinars) for one participant Andwellna has the power to deduct from your account (in Iraqi dinar or Please send the names of your candidate who is open to this bank and you can e-mail the bank in the center of bank studies with the letters of the nomination by the official mail later and a week before the start of the session and in the case of the nomination to inform your staff to attend the time and time specified with appreciation Accompanying conditions and instructions to participate in the courses.

https://cbi.iq/news/view/1151

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47 minutes ago, Artitech said:

What is done? please explain bro! ok bro!

Mr.Ali....I'M Glad your Mind dimension can see what I said Yesterday Also about the 1.20Iqd...Hope it Come in Fruitation

 

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On 6/12/2019 at 8:09 PM, navira said:

 

Bro My Goodness - Here It Is Again Today ! :o 

 

:D  :D  :D 

 

 

Tip for the return of the global economy to «zero square»

Friday 14 June 2019

alsabaah-14048.jpg

 

Capitals / agencies
The global financial crisis took place in 2008 against the backdrop of the bankruptcy of Lehman Brothers, which led to the turmoil of the financial markets in addition to the downward trend that dominated the global economy at the time. The crisis has prompted major central banks around the world to resort to quantitative easing programs that inject liquidity into markets to drive the economy and boost growth.
But a few years ago, central banks gradually moved away from these stimulus policies and monetary tightening in line with strong growth in the global economy, while the elimination of loose monetary policy was accompanied by signs of a global economic slowdown amid trade and geopolitical concerns.
This uncertainty prompted central banks to change their hawkish rhetoric and raise the banner of "waiting and waiting" until further notice for fear of entering a global recession.
 
Economic slowdown
If this economic slowdown becomes too severe, countries may need more stimulus measures to boost economic growth.
The International Monetary Fund (IMF) cut its forecast for global economic growth this year for the third time in six months due to growing trade tensions and monetary policy conditions.
The IMF expects the world economy to grow 3.3 percent this year, 0.4 percent lower than its October 2018 forecast.
 
Proposed plans
In early 2019, global central banks resorted to changing their hawkish tone to become more cautious while postponing some of the proposed tightening plans.
The Federal Reserve cut its forecast for this year's interest rate hike to zero after it had been expected to raise it twice with its announcement to stay within the "patience with anticipation" policy.
The Fed is setting interest rates at 2.25 to 2.50 percent this year after raising it nine times since the start of the monetary tightening cycle in 2015, including 4 times last year alone.
In this context, the bank has slowed the pace of reducing the balance sheet of the federal beginning of May and to be finalized in September.
The Fed's decision comes after several criticisms by US President Donald Trump of the bank's policy on raising interest rates, saying it was hurting the economy.
But the financial markets expect the Federal Reserve to cut interest rates twice by the beginning of next year, to support growth and thwart the prospects for a slowing economy.
Looking at the ECB, hinting at the timing of interest rate increases at historically low levels turned towards postponement of these plans.
 
European Central Bank
At the recent ECB meeting, the bank pledged not to change its monetary policy until at least the first half of 2020 after it had intended to modify it by the end of this year.
At the same time, bank president Mario Draghi, who leaves office later this year, put forward the idea of cutting interest rates by suggesting that the ECB is ready to cut interest rates or implement other measures if needed.
Earlier this year, the ECB expressed its intention to launch a new series of long-term and cheap refinancing of banks from September 2019 to March 2020. On the other hand, the Japanese government has shown its willingness to implement a flexible policy in the event of escalating economic risks in an effort to preserve Recovery of the economy.
Elsewhere, central banks moved in a large number of emerging markets to cut interest rates amid concerns about the strength of the global economy and trade tensions.
While Turkey's central bank continues to set interest rates at 24 percent since the September 2018 meeting but is also open to adjusting the monetary policy stance based on new data or information.

link

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Sit Up Straight Bro’s - The Teacher’s Giving Out Special HCL Grades ! :o 

 

:D  :D  :D 

 

 

Special grades

Friday 14 June 2019

 

Thamer Hymes
The decision of the reform and construction blocs to authorize the prime minister to appoint the special grades (three) and free them from the agency's system of integrity, the central bank and financial supervision, because the institutions hold the central grip of the rest of the rings, a correct decision to make the way to the work of these institutions to be organized in the procession of originality.      

The originality is a criterion insofar as independent decision-making has been achieved. This has not happened in the previous period. The agency and the originality are not protected by the law and the performance is good. The long lesions of being under the gravitational or stability of the predisposition to the originality, which makes the decision a weak image.

The survival of 4200 special degrees, mostly by proxy, does not reflect administrative stability, so the Agency's period must be determined by six months, without which we enter into the circle of justification and circles of influence.

In order to strengthen the success of the decision of the largest electoral bloc must be accelerated embrace and we provide the elements and requirements of decision-making is the first of the achievements of real quality, and the most prominent logistics is the service council to be the authority of the Prime Minister also appointed to be an effective tool of the three institutions because it sets the standards for effective implementation, Establish a timetable for the incorporation of special grades in the light of the criteria of the service council and not to become the criteria for the election and honor the honorable position.

To expand to make the step to solve the problems directly where the complaint and resentment of them eliminates the role of integrity, control and centralization, and the drying up of money laundering will be mutually supportive and integrated with the work of those institutions.

For further environmental protection of the work of the "three" coordination between the work of the sectors of import and the agricultural and industrial aspects of a package of laws after strengthening the role of border crossings and directed not to introduce goods and products out of control; Let us feel the light of all kinds of quality, health and legal.

All of this is not done in the style of your book and book, but rather through an electronic government and government.
The numbers are spoken, and only the transparency that is enlightened and the future of our work and intentions is realized.        

The criterion for success of these institutions, which has long been a burning concern for all, is the legislation and implementation of the oil and gas law that will fix things. It will put the economy on the track and then the other agencies will start to join the last resort after we have eaten all the bitterness.
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Well all I can say is something is up...it’s looking good and all we can do is wait.i do believe no budget, taxes etc and fml all has to do with new rate..IMHO

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Does anyone remember the site address that had this rate back in 2017? I would love to see if it's there now.

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WheresmyRV?

                                                                                                                             WheresmyRV?  

 

8 hours ago, DinarThug said:

Something Interesting Is Happening At The CBI - By ‘TQ Mr Ali’

6/14/2019

 

 

Thank you TQ Mr. Ali

[EMAILED TO DINAR RECAPS]

DEAR RECAPS, I HOPE THIS LITTLE BIT OF CLARIFICATION WILL SHED LIGHT ON MANY SOULS.

I BELIEVE, SOMETHING VERY, VERY INTERESTING IS HAPPENING AT THE CENTRAL BANK OF IRAQ.

I WILL GIVE YOU SOME HISTORY SO YOU UNDERSTAND CLEARLY WHAT IS HAPPENING.

BTW, SO FAR NO INTEL GURUS HAVE PICKED UP ON THIS, I MAY BE THE FIRST.

MANY OF YOU WILL START TO REMEMBER, BACK IN AUGUST 2017, THE CBI HAD A "SECOND" WEBSITE (cbi.3eyon-host.net), LINKED THRU THE STATISTICS SECTION OF THE MAIN WEBSITE.
....

 

WHAT WAS INTERESTING AND IMPORTANT TO NOTE BACK THEN, WAS THE RATE LISTED ON THE SECOND WEBSITE WAS $1USD = 1.20 DINARS.

THEN THE 2 WEBSITES MERGED AND THIS RATE DISAPPEARED AND WAS NEVER TO BE HEARD OF OR SEEN AGAIN....

......... UNTIL YESTERDAY.....BOOOOM!!!!

YES, VERY INTERESTING, THAT THE CENTRAL BANK OF IRAQ HAS MENTIONED THIS $1 USD = 1.20 DINARS RATE....THIS IS THE FIRST TIME SINCE 2017.

AND THIS HAS ME, REALLY EXCITED!!!!

YESTERDAY, DINAR RECAPS MADE THE POST AND KFTA MILLITIA MAN COMMENTED ON THIS AS WELL.

 

SO THE QUESTION YOU NEED TO ASK, IS WHY ARE THEY NOW BRING THIS UP AGAIN WHEN THEY HID IT SINCE 2017???

I BELIEVE THE REASON WHY IS THAT THE RATE IS ABOUT TO CHANGE.  GOD WILLING.....BOOOOOMM!!!!  I LOVE SAYING THAT WORD!!!! HEHEHEHE.

NOW, JUST AS REMINDER OF HOW THE CBI LIST THE RATES.

1.20 DINARS = $1 USD.

THIS IS A 1 TO 1 RATE.  WELL ACTUALLY NOT, IT'S ABOUT 0.90 CENTS REALLY.

SO REMEMBER HOW IT WORKS AS THE VALUE OF DINAR DECREASES AGAINST THE US DOLLAR, THE VALUE OF THE US DOLLAR INCREASES.

SO IF THE VALUE OF THE DINAR NOW IS 1.20 DINAR TO $1 USD, AND IT DROPS TO 0.50 DINARS TO $1 USD.

IF MEANS THE BASE RATE WILL BE $2 USD PER 1 DINAR.  SO MAKING AN IQD 25,000 NOTE = $50,000 USD.  GOT IT?  IS IT GETTING CLEAR TO YOU?

SO DO NOT GET CONFUSED WITH RATES THAT ARE POSTED BY INTEL.  YOU HAVE TO QUESTION AND ASK YOURSELF WHERE DID THEY GET THAT RATE FROM?

 

WAS IT DIRECT FROM THE CBI? OR FROM XE?

XE WILL LIST THE RATE AS $2USD = 1 DINAR, WHEREAS THE CBI WILL LIST IT AS $1USD = 0.50 DINAR.... THESE ARE NOT TWO DIFFERENT RATES...THEY BOTH MEAN THE SAME THING.

I ADDED THE CHART BELOW FOR YOUR REFERENCE.  SAVE THIS CHART...OR PRINT IT AND KEEP IT HANDY.

 $ RATE = CBI'S WEBSITE RATE CONVERSION.

$ .86 = 1.162

$ 1.00 = 1.000

$1.17 = 0.854

$1.86 = 0.537

$2.00 = 0.500

$2.50 = 0.400

$3.00 = 0.333

$3.22 = 0.310

$3.46 = 0.289

$3.50 = 0.285

$3.86 = 0.259

$4.00 = 0.250

$4.10 = 0.243

$4.40 = 0.227

$5.00 = 0.200

OK, I HOPE THIS EXPLANATION HELPS YOU TO GET EXCITED.

TQ MR. ALI

 

20 minutes ago, WheresmyRV? said:

Does anyone remember the site address that had this rate back in 2017? I would love to see if it's there now.

 

Yo ‘Baghdad Bob’ (see his avatar above) - That Was Discussed In A Post On The Previous Page Of This Thread And It Was On A Temporary Site That Is No Longer Working ! :o 

 

:D  :D  :D 

 

 

MANY OF YOU WILL START TO REMEMBER, BACK IN AUGUST 2017, THE CBI HAD A "SECOND" WEBSITE (cbi.3eyon-host.net), LINKED THRU THE STATISTICS SECTION OF THE MAIN WEBSITE.

 

Edited by DinarThug
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24 minutes ago, lmb4321 said:

Just checking in with the Bro's tonight.......Thanks for your hard work....👍

 

Oh Ya - There’s No Doubt That The Bro’s Are ‘Hardly Working’ ! :o 

 

Office Crew GIF 
 
Especially With U ‘Imb’ As Such A Slave Driver ... Wait For It ...
 
:D  :D  :D 
 
Edited by DinarThug
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3 minutes ago, DinarThug said:

 

Oh Ya - There’s No Doubt That The Bro’s Are ‘Hardly Working’ ! :o 

 

Office Crew GIF 
 
Especially With U ‘Imb’ As Such A Slave Driver ... Wait For It ...
 
:D  :D  :D 
 

They are Bro’sing 

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5 minutes ago, NoviceInvestor said:

They are Bro’sing 

 

Oh Ya - And We All Knew That They Were Such Total Bro Posers ! :o 

 

Posing Funny GIF - Posing Funny Iguanas GIFs

 

:D  :D  :D 

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1 hour ago, navira said:

Lol

 

Ok, Enough Of Ur ‘Crude’ Comments - I’ve Gotta Get Back To The News ! :o 

 

:D  :D  :D 

 

 

 

LINK

Disclosure of Iraq's crude oil reserves

 

2019/6/15 9:52
 
Iraq's oil reserves stood at 147 billion barrels, BP said on Saturday.

 

The company said in its statistical review of the global energy sector for 2019, Iraq's crude oil reserves record 147 billion barrels to replace Iraq in the fifth place in the world. 

Venezuela topped the list with a reserve of 303 billion barrels and Saudi Arabia second with 297 billion barrels.  Canada, according to estimates of the company, ranked third with reserves of 168 billion barrels, and Iran 156 billion.
 
Edited by DinarThug
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9 hours ago, DinarThug said:

WheresmyRV?

                                                                                                                             WheresmyRV?  

 

 

 

Yo ‘Baghdad Bob’ (see his avatar above) - That Was Discussed In A Post On The Previous Page Of This Thread And It Was On A Temporary Site That Is No Longer Working ! :o 

 

:D  :D  :D 

 

 

MANY OF YOU WILL START TO REMEMBER, BACK IN AUGUST 2017, THE CBI HAD A "SECOND" WEBSITE (cbi.3eyon-host.net), LINKED THRU THE STATISTICS SECTION OF THE MAIN WEBSITE.

 

Here was a screenshot of it on 6-24-2017

 

**  For entertainment purposes only**

Screenshot 2017-06-24 12.51.24.png

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Man, I so wish it was at 1.2 dollars....sigh. Iraq is such a mind player!!!! Reminds me of a man I just dumped! Say one thing but doing another.

 

P.S.

Are you now one of the BROS Thuggie?!??? I still love your input anyway, lol   You funny man

Edited by Gypsygirl11
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Parliament announces that the agenda of future meetings will include the completion of the ministerial cabin

 
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So the guy is right so far   ....

Parliament raises its meeting to 22 June

2019-06-15 08:53
Parliament raises its meeting to 22 June
 
Source:
 
336 views
 
 

The Presidency of the Council of Representatives decided on Saturday to adjourn the session of the Council until next Saturday (June 22nd).

"The House of Representatives decided to lift the session of the Council until the day of 22-6 at 11 am," said the head of the council, Mohamed Halboussi, in a statement received by Alsumaria News. 

"The agendas of the upcoming sessions will include voting on the completion of the ministerial cabin and the termination of the agency and special grades until the end of the legislative term
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Dinar investor is right about the voting on ministerial cabin on June 22...let's see if he right about the rv after the vote..cheers bros

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