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The key calls for stimulating real sectors in the country to raise pressure on the central bank


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The key calls for stimulating real sectors in the country to raise pressure on the central bank




Saturday, March 16th[/rtl]




14361ad7952773557b8721c0184b0dc6.jpg

Governor of the Central Bank Ali Alaak

 

Iraq's economic policy is clear and uncomplicated. Indicating that Iraq depends entirely on oil exports in exchange for it gets the dollar, which is pumped through the budget as operating expenses, mostly salaries of employees.
  Al-Alak said that these expenses turn into imports by 70%. Explaining that Iraq's revenues from oil occupy and adopt the economy of the country. 

He pointed out that the problem is characteristic of us and we must turn the page of this model of economies and stimulate the real sectors in the country and the industry, agriculture, transport, tourism and others. 

He added that the activation of the sector will contribute to the GDP and raise pressure on the central bank and limit the issuance of currency and the operation of human resources. 


  Ended  

http://www.alghadeer.tv/news/detail/91808/

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He pointed out that the problem is characteristic of us and we must turn the page of this model of economies and stimulate the real sectors in the country and the industry, agriculture, transport, tourism and others. 

He added that the activation of the sector will contribute to the GDP and raise pressure on the central bank and limit the issuance of currency and the operation of human resources. 

 

 

 

In reading this, I don't think I like it too much.  This is what Kaperoni has been talking about for years.  Bring investment into Iraq to put pressure on the CBI to float the Dinar.

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16 minutes ago, Floridian said:

He pointed out that the problem is characteristic of us and we must turn the page of this model of economies and stimulate the real sectors in the country and the industry, agriculture, transport, tourism and others. 

He added that the activation of the sector will contribute to the GDP and raise pressure on the central bank and limit the issuance of currency and the operation of human resources. 

 

 

 

In reading this, I don't think I like it too much.  This is what Kaperoni has been talking about for years.  Bring investment into Iraq to put pressure on the CBI to float the Dinar.

Floridian and others this is a fantastic signal. The start of development of a diverse economy within Iraq. Allowing Iraq to sustain a vibrant diverse economy after and make money for the GOI and Iraq's people. Strictly oil based economies will fail sometime in the near future. Even Saudi Arabia recognizes this as they announced at the end of last year their intentions to do the same; after Prince arrest your Uncle and kill journalists aka Prince whats his name announced SA intentions to do the same. Its geopolitical man. Listen to Breightlings most recent post. The US oil companies, not OPEC or Russia, are with new oil tech poised to be able to pull oil out of the ground at $15 per barrel. Processing costs, shipping and delivery costs, profit then get added on, et al. That places us on par with SA cost to get oil out of the ground, and is far cheaper than the rest of OPEC and Russia can ever do. Plus Alaska, West Texas and Eastern New Mexico oil fields are coming online soon to now. Any pressure added to the GOI and CBI to RV/RI before all this is allowed to be applied, the better I think. JMHO. With all this said I think it is a little less likely for the IQD to RI at $3+ . Float or no float.

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I have read many articles that state Iraq has the lowest extraction rates for oil reserves in the world. Even as low as $2 per barrel. The Saudi's claimed oil reserves have not changed for 40 years. So it's no wonder that they are wanting to diversify their GDP. Maybe the Saudi's know something that they are not telling the world about their real reserves? Iraq has not even begun to fully map their reserves which are vast. I would recommend not buying into the green theory. Industry world wide needs fossil fuels! we will never be able in our life times to rid our addiction to fossil fuels. The price will go up per barrel and you can count on it! 

 

IMO!

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39 minutes ago, new york kevin said:

Floridian and others this is a fantastic signal. The start of development of a diverse economy within Iraq. Allowing Iraq to sustain a vibrant diverse economy after and make money for the GOI and Iraq's people. Strictly oil based economies will fail sometime in the near future. Even Saudi Arabia recognizes this as they announced at the end of last year their intentions to do the same; after Prince arrest your Uncle and kill journalists aka Prince whats his name announced SA intentions to do the same. Its geopolitical man. Listen to Breightlings most recent post. The US oil companies, not OPEC or Russia, are with new oil tech poised to be able to pull oil out of the ground at $15 per barrel. Processing costs, shipping and delivery costs, profit then get added on, et al. That places us on par with SA cost to get oil out of the ground, and is far cheaper than the rest of OPEC and Russia can ever do. Plus Alaska, West Texas and Eastern New Mexico oil fields are coming online soon to now. Any pressure added to the GOI and CBI to RV/RI before all this is allowed to be applied, the better I think. JMHO. With all this said I think it is a little less likely for the IQD to RI at $3+ . Float or no float.

 

I know it's a good thing.  I will just be a little disappointed with a float, unless they first start out with an increase.

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2 hours ago, Floridian said:

 

I know it's a good thing.  I will just be a little disappointed with a float, unless they first start out with an increase.

I hope they peg the float at $1 . Then allow it to float upwards from there. Verses allowing it to float upwards from 10 cents.

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38 minutes ago, Botzwana said:

Again i gotta point to this article where Iraq says it Will be 3 bucks.  

 

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CNN. Broadcasting By Special Invitation !

 

(by walkingstick)

An invitation to support system' target='_blank' style=" rel="">support system" rel="">support the dinar and the strengthening of its purchasing power

 
3/1/2017

BAGHDAD / Mustafa Hashimi

strengthening of the local currency is a national task they represent thesovereignty ofIraq and preservation of state stimuli represents a great responsibility lies with therelevant authorities in the light of a series of challenges taking place in the country.

Economic academic Dr. Essam Mahouelle called to be 2017 years to strengthen the dinar 's purchasing power and strengthens confidence in the national currency , which represents the sovereignty of Iraq, noting at the same time the need to restrict foreign business dealings only in dollars.

And ways to revive the dinar and upgrade more than its value saw Mahouelle in an interview {Sabah »necessity of things , management of the country economic mentality and purely look long - term, along with the importance Quote economic experiences of states have passed similar circumstances to what Iraq is going through, as well as the reduction of trading the dollar in commercial transactions Interior to support system' target='_blank' style=" rel="">support system" rel="">support the national currency.

Mahouelle be regulated by the Central Bank and coordination with economic authorities and relevant ministries confirmed role in enhancing the value of the dinar by preventing the circulation of foreign currency in the local commerce for any reason whatsoever and counted only in foreign trade, indicating the importance that civil and government banks take measures that will strengthen the dealing in Iraqi dinar .

It is said that the sale price of the dollar on Monday amounted to 1310 dinars, ie 131 000 dinars, for a hundred dollars, while the total purchase price in 1300 dinars, ie 130 000 dinars, for a hundred dollars.

Mahouelle said that the decline in the value of the dinar against the dollar, in fact, began the war with Iran and the invasion of Kuwait, stressing that the policies of the former regime burned all the hopes of Iraqi economists to amend the path of the local economic situation and guide the country 's resources towards development.

He said, since the nineties of the last century and the days of international sanctions and the dollar dominates the local market transactions away from the dinar as a result of faulty economic policies pursued by the former regime.

He pointed out that when the prices of imported goods began to rise, Iraqis felt that the old price of the dinar against the dollar has fallen so much and began to think of what has become and find solutions to them.

The dollar exchange rate against the dinar has fluctuated between ascending and descending was reported in the nineties about 4000 dinars to the dollar, while the price has seen a gradual decline after 2003 to continue to decline to 1,200 dinars to the dollar in the last ten years, while he returned to rise again after the adoption of the budget in 2015 and forcing the Central Bank identifies sales of foreign currency in accordance with Article 50 of that year 's budget law.

Mahouelle explained that the International Monetary Fund and the post - World War II division of the world 's currencies to be and are non-transferable and was part of the Iraqi dinar currency is convertible.

He said the convertible currencies suitable for international settlements (ie to settle payments in foreign trade of the countries), has been preparing a list of those currencies represented currencies the victors in World War II, and did not include the Soviet bloc currencies at the time because of the approach is capitalist in the conduct of its economy and the economies of countries that fall under its control.

He said either the Iraqi currency was within the currency is convertible which can not be used for international settlements , but turning it into another currency, or to the dollar (Oogerh), and goes to Iraq to be paid the proceeds of the sale of oil to the US dollar and that the equivalent of the dinar to $ 3.32.

He said that Iraq, which reached a population of 8 million people, citizens did not know a dollar coin and Ashklh did not deliberate it within the borders of the country at all, as hard place to find a store, in that era, displays his goods are priced in dollars.

He Mahouelle at the conclusion of his speech that traders importers of goods (commercial / industrial / agricultural) were turning the dinar to the dollar when paying their price through banks, where the audience did not feel the importance of the US currency , but when traveling abroad and are turning to banks turned them dinar to the dollar and give them foreign currency in cash or travelers instruments after the central bank 's approval and under the foreign exchange law.

http://www.alsabaah.iq/Article.....?ID=129153

Botz..... I thank you! It has been a very uplifting day

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1 hour ago, new york kevin said:

I hope they peg the float at $1 . Then allow it to float upwards from there. Verses allowing it to float upwards from 10 cents.

Anything less than a $1.00 and the people will not be cashing out. People will be taken advantage of. One to one e veryone wins. 

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1 hour ago, Botzwana said:

Again i gotta point to this article where Iraq says it Will be 3 bucks.  

 

  •  

CNN. Broadcasting By Special Invitation !

 

(by walkingstick)

An invitation to support system' target='_blank' style=" rel="">support system" rel="">support the dinar and the strengthening of its purchasing power

 
3/1/2017

BAGHDAD / Mustafa Hashimi

strengthening of the local currency is a national task they represent thesovereignty ofIraq and preservation of state stimuli represents a great responsibility lies with therelevant authorities in the light of a series of challenges taking place in the country.

Economic academic Dr. Essam Mahouelle called to be 2017 years to strengthen the dinar 's purchasing power and strengthens confidence in the national currency , which represents the sovereignty of Iraq, noting at the same time the need to restrict foreign business dealings only in dollars.

And ways to revive the dinar and upgrade more than its value saw Mahouelle in an interview {Sabah »necessity of things , management of the country economic mentality and purely look long - term, along with the importance Quote economic experiences of states have passed similar circumstances to what Iraq is going through, as well as the reduction of trading the dollar in commercial transactions Interior to support system' target='_blank' style=" rel="">support system" rel="">support the national currency.

Mahouelle be regulated by the Central Bank and coordination with economic authorities and relevant ministries confirmed role in enhancing the value of the dinar by preventing the circulation of foreign currency in the local commerce for any reason whatsoever and counted only in foreign trade, indicating the importance that civil and government banks take measures that will strengthen the dealing in Iraqi dinar .

It is said that the sale price of the dollar on Monday amounted to 1310 dinars, ie 131 000 dinars, for a hundred dollars, while the total purchase price in 1300 dinars, ie 130 000 dinars, for a hundred dollars.

Mahouelle said that the decline in the value of the dinar against the dollar, in fact, began the war with Iran and the invasion of Kuwait, stressing that the policies of the former regime burned all the hopes of Iraqi economists to amend the path of the local economic situation and guide the country 's resources towards development.

He said, since the nineties of the last century and the days of international sanctions and the dollar dominates the local market transactions away from the dinar as a result of faulty economic policies pursued by the former regime.

He pointed out that when the prices of imported goods began to rise, Iraqis felt that the old price of the dinar against the dollar has fallen so much and began to think of what has become and find solutions to them.

The dollar exchange rate against the dinar has fluctuated between ascending and descending was reported in the nineties about 4000 dinars to the dollar, while the price has seen a gradual decline after 2003 to continue to decline to 1,200 dinars to the dollar in the last ten years, while he returned to rise again after the adoption of the budget in 2015 and forcing the Central Bank identifies sales of foreign currency in accordance with Article 50 of that year 's budget law.

Mahouelle explained that the International Monetary Fund and the post - World War II division of the world 's currencies to be and are non-transferable and was part of the Iraqi dinar currency is convertible.

He said the convertible currencies suitable for international settlements (ie to settle payments in foreign trade of the countries), has been preparing a list of those currencies represented currencies the victors in World War II, and did not include the Soviet bloc currencies at the time because of the approach is capitalist in the conduct of its economy and the economies of countries that fall under its control.

He said either the Iraqi currency was within the currency is convertible which can not be used for international settlements , but turning it into another currency, or to the dollar (Oogerh), and goes to Iraq to be paid the proceeds of the sale of oil to the US dollar and that the equivalent of the dinar to $ 3.32.

He said that Iraq, which reached a population of 8 million people, citizens did not know a dollar coin and Ashklh did not deliberate it within the borders of the country at all, as hard place to find a store, in that era, displays his goods are priced in dollars.

He Mahouelle at the conclusion of his speech that traders importers of goods (commercial / industrial / agricultural) were turning the dinar to the dollar when paying their price through banks, where the audience did not feel the importance of the US currency , but when traveling abroad and are turning to banks turned them dinar to the dollar and give them foreign currency in cash or travelers instruments after the central bank 's approval and under the foreign exchange law.

http://www.alsabaah.iq/Article.....?ID=129153

I really like your read here Botzwana. 

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I just watched a Breitling post of a recent You Tube ISX seminar. Interestingly the panel said nothing of supporting the IQD in investing into the ISX. But focused on the issue of custody trust regarding who is holding investors money. I would have to believe that trust would also be established by investors when the value of the IQD is not a controlled fake rate. Investors trust transparency and an IQD rate that the world markets will support.

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