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6ly410

Go Iraq Part 8

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On 10/15/2019 at 7:00 AM, navira said:

The Central Bank of Iraq, on Tuesday, the adoption of the International Finance Corporation (IFC) corporate governance guide for banks issued.

He said in a statement, the text of which reads to Alsumaria News, the International Finance Corporation (IFC) adopted the "Manual of Corporate Governance for Iraqi Banks" issued by the Central Bank of Iraq, as this bank clarifies that the guide has been RECOGNIZED and PUBLICED GLOBALLY and added to the international and global regulations for the first time.
There will be more....and hopefully the next announcement is the lower denoms...cheers bros

There was an announcement today on lower denoms but they were from other countries lower denoms...let's go CBI...stop playing around, lol

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13 minutes ago, navira said:

Hopefully the CBI will make announcement on the IQD lower denoms next...

let's wait a little longer bro...


Ya - We Haven’t Been Waiting Long Enough ! :o 

can't make the are you printing a book joke gif

:D  :D  :D 

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On 9/26/2019 at 12:22 PM, DinarThug said:

Banknotes for small groups

 

image.jpeg.d5cd8178b93e927fc2375e86a85a5d09.jpeg

 

26th September, 2019


To / All banks approved ( banknotes for small categories ) ... To view Click here

Translation ..

To banks approved All banknotes for small classes are a good greeting. . . 
Past the objectives of withdrawing the following cash basket in circulation and 
to cover the market need of new papers for small categories (JD, ۱۰۰۰, ۵۰۰, ۲۵۰, دينار) ... 
(JD, 1000, 500, 250, dinar) and the time and effort required to process and sort the damaged 
banknotes of these categories from the time and effort required to excuse them in 
machines. Enemy Screening So you decide to abolish the imperfection of the imperfection 
that may appear in your creations of small dresses and for a limited time with appreciation.

 

https://cbi.iq/news/view/1294

Banknotes for small groups

 

image.jpeg.d5cd8178b93e927fc2375e86a85a5d09.jpeg

 

26th September, 2019

To / All banks approved ( banknotes for small categories ) ... To view Click here

Translation ..

To banks approved All banknotes for small classes are a good greeting. . . 
Past the objectives of withdrawing the following cash basket in circulation and 
to cover the market need of new papers for small categories (JD, ۱۰۰۰, ۵۰۰, ۲۵۰, دينار) ... 
(JD, 1000, 500, 250, dinar) and the time and effort required to process and sort the damaged 
banknotes of these categories from the time and effort required to excuse them in 
machines. Enemy Screening So you decide to abolish the imperfection of the imperfection 
that may appear in your creations of small dresses and for a limited time with appreciation.

 

 

   18 hours ago,  navira said: 

Hopefully the CBI will make announcement on the IQD lower denoms next...

let's wait a little longer bro...

 

 What About The Announcement That They Made On Them 3 Weeks Ago ? :o 

 

 

 

Or Were U Passed Out With Bro After A Champagne Celebration ...

 

:D  :D  :D  
 

Edited by DinarThug
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3 minutes ago, DinarThug said:

 

https://cbi.iq/news/view/1294

Banknotes for small groups

 

image.jpeg.d5cd8178b93e927fc2375e86a85a5d09.jpeg

 

26th September, 2019


To / All banks approved ( banknotes for small categories ) ... To view Click here

Translation ..

To banks approved All banknotes for small classes are a good greeting. . . 
Past the objectives of withdrawing the following cash basket in circulation and 
to cover the market need of new papers for small categories (JD, ۱۰۰۰, ۵۰۰, ۲۵۰, دينار) ... 
(JD, 1000, 500, 250, dinar) and the time and effort required to process and sort the damaged 
banknotes of these categories from the time and effort required to excuse them in 
machines. Enemy Screening So you decide to abolish the imperfection of the imperfection 
that may appear in your creations of small dresses and for a limited time with appreciation.

 

 

 

 

 

 

[

Bump. Please can we go lower notes. 250 dinar note equals about 25 cents. Looking for the 1,5,10 and increase value. Thanks

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To transfer the Iraqi market to the summit

Features of this device
For business owners

• Saves time to carry to banks or other commercial entities
• Provides accuracy in receiving money such as (shortage + counterfeit + ripper)
• Knowledge of sales through the application (Internet banking)
• Control of balances for each work site in case of the availability of several branches
• Know the best selling products through the reports of P.O.S
• Easy to use the balance available in the bank account for the purchase of goods again by using the RTGS service with other banks
• Get a tax reduction if any
• The commission charged is low compared to the money spent on protection and transport, in addition to the risk
 
 
 

Capture.PNG

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Capture.PNG

 

BBAC recently announced that MIGA (The Multilateral Investment Guarantee Agency), a member of the World Bank Group, has issued 67 million USD in guarantees to the bank to facilitate financing for Small and Medium-sized Enterprises (SMEs) by increasing its loan portfolio across BBAC branches in Iraq. The signing ceremony of the agreement took place at the BBAC Head Office, in the presence of BBAC and MIGA management.

“At 12%, Iraq has the lowest credit-to-GDP ratio in the MENA region, with only 9.3% directed at the private sector and toward meeting reconstruction needs”, BBAC Chairman & General Manager Ghassan Assaf said. “This guarantee allows us to expand our SME loans and trade finance activity in Iraq, which will help promote economic growth of the country”, he added.

From his side, MIGA COO & Vice President Vijay Iyer said: “We are pleased to provide MIGA’s Capital Optimization Guarantee to BBAC allowing them to grow their operations in Iraq, thereby supporting the financial sector in a fragile and conflict-affected country.”

BBAC started operations in Iraq in 2009 achieving significant results, and the bank is looking to expand its operations and grow its portfolio in Iraq. Nearly 19% of BBAC Iraq’s loan portfolio in the year 2018 supported SMEs, and close to 60% of exposure was in construction loans. MIGA’s guarantee will help BBAC mitigate the risk of expropriation of mandatory reserves that it maintains with the Central Bank of Iraq and extend more credit to SMEs and trade finance in the country.

 

Edited by 6ly410
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5 minutes ago, lmb4321 said:

Hello Go Iraq 8......


Oh Crap lmb - One Of The Bro’s Just Tried FaceTiming U Back ! :o 

 

MJHsj3J.gif


:D  :D  :D 

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13 minutes ago, DinarThug said:

Oh Crap lmb - One Of The Bro’s Just Tried FaceTiming U Back ! :o 


And Btw - Those Look Totally Fake ! :o 

 

 

MJHsj3J.gif

 

That Index Finger Clearly Looks Like He’s Wearing Lee Press On’s ...


:D  :D  :D 

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stanleypower,  I think everyone is getting tired of the "hurry up and wait" vacuum we have been in for YEARS!!!  We all need a break now and then.  Hopefully this thing won't last much longer.  I refuse to even read the news in the news section anymore.  I get my updates here.  If you notice, in the news section, they will use OLD articles from years ago. They might update the title, but not the read, and just add new news to the old posts. I would just rather see new topics started. I will probably even get blasted for even daring to mention it here. 🙄   Oh well.

 

Let's hope we are at the end of this thing.  

Edited by Smokey Mtn. Dinar
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Ya, it has been pretty slow when it take three days to move from page 33 to 34 and we are still stuck on page 34 with no news what so ever.

 

So N So Jeff seems to have gotten a bit Salty lately calling out the other Guru's....This time going so far as Referring to on as the Diva 26....I can only assume we all know who that is. Then he claims nothing is going to happen so forget the Dinar and Go Live Your Lives. If Anything happens he will get back with his followers. and he has poof vanished for a Day or So I guess.

 

So we wait and we wait and I bet we will be waiting a little more.

 

Karsten

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40 minutes ago, Karsten said:

calling out the other Guru's....This time going so far as Referring to on(e) as the Diva 26....


Lol ! Ya - He’s Referring To Frank26 ! :lmao: 

 

 

 

And The Number ‘26’ After Frankie’s Name Refers To The Over Two Dozen Times A Year On Average That He Gets It Wrong ! :o

 

:D  :D  :D 

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Just wanted to stop by and thank everyone for their kind words and emails. Got home late last night, so i will be catching up on all the latest Bro Hopium. :lol:

 

I posted updates in OSI for those that read my updates. I will be getting back in the game here as I get caught up.  

 

See you all in Maui.   

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12 minutes ago, ChuckFinley said:

Just wanted to stop by and thank everyone for their kind words and emails. Got home late last night, so i will be catching up on all the latest Bro Hopium. :lol:

 

I posted updates in OSI for those that read my updates. I will be getting back in the game here as I get caught up.  

 

See you all in Maui.   

Good to see you back CF

 

I think the Bros are in Maui already

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18 minutes ago, stanleypower said:

Good to see you back CF

 

I think the Bros are in Maui already

Thanks standlypower, missed our group.

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6 hours ago, DinarThug said:

Call for papers and studies for the Second Scientific Forum of the Network of Iraqi Economists: 10-13 April 2020

 

19/10/2019

Second-IEN-Symposium-Paper-Call-2.png


Paper call

 

Second IEN Symposium 10-13 April 2020 in Beirut

Call for papers and studies

The Second Scientific Forum of the Network of Iraqi Economists: 10-13 April 2020

The main address of the forum will be:

Towards an effective economic / development strategy and policies

First: The reasons and objective reasons for holding the second scientific forum

After the first Scientific Forum of the Iraqi Network of Economists was held in Beirut in March 2013 (see documenting the proceedings of the Forum on the Iraqi Economists Network), Iraq was exposed in the middle of the year following two major crises. The first, the ISIS terrorist gangs occupied areas of central / northern Iraq in June 2014. The second, financial / economic, was the beginning of the collapse of oil export prices in September 2014. The continuation of these twin crises has had sequential effects. The first consequences were internal and external population migration and the destruction of aspects of infrastructure, productive assets and institutional structures in central / northern Iraq, not to mention the societal, political and security implications. The second consequence was the underfunding of public budget expenditures and the shortage of foreign currency. Between them, the economic consequences of these crises revealed the nature and pattern of the productive / rent structure of the Iraqi economy.

During the years 2003-2013 (prior to the occurrence / continuation of the two crises), which was characterized by increasing oil revenues, despite armed operations and insecurity, non-oil GDP grew by a tangible rate of about 9% per year.. The most important activities generating this growth are: the “public government” and the ownership of the housing and other non-oil / “non-commodity” activities. The public government (public administration, public health, education, social security, armed forces) and ownership of the role of housing have contributed to more than half of the non-oil output growth. Other non-oil activities (other than agriculture and manufacturing) have generated more than two-fifths of non-oil output growth. On the other hand, the total output of agriculture and manufacturing contributed only a small percentage to the population growth rate. That is, the most important sources of non-oil output growth are activities that are largely related to oil production / export, through generated demand directly or indirectly related to public budget expenditures.

After the double crises, the consequences of the decline in oil revenues and the sabotage caused by the occupation of ISIS terrorist gangs, especially in the central / northern regions, especially in the fields of construction, agriculture, manufacturing and government use, have had a significant impact on the decline in non-oil GDP. Non-oil output decline during the years 2013-2018 was about ( -4%) annually . In these years, the main reasons for this decline were the decline in the output of construction, agriculture (and, to a lesser extent, manufacturing) and the general government. [1]On the other hand, other activities contributed positively to the growth rate of non-oil output, especially transport, communications and storage, which significantly reduced the impact of negative contributions to the outputs of building and construction, agriculture / manufacturing and general government. Oil revenues increased during 2017-2019, but the increase was less than the growing need to finance public budget expenditures, and hence their relatively weak impact on the non-oil output growth / decline. This effect has also limited the overall commitment to the IMF program 2016-2019 , particularly in determining public consumption expenditure and hence government use.

The water crisis, which began three decades ago, was exacerbated by the scarcity of supply from neighboring countries, on the one hand, and the wasteful use of it internally, on the other, both of which were exacerbated by the modest supply and demand management of water policies.

Since 2003, economic management orientations have consisted of economic principles and ideas that have appeared in various documents, some of which focus unclearly / systematically on the role of the market / private sector in the development process and without identifying a “constructive / realistic” role of the state in this process. Attitudes, some of which run counter to the historical experience of various countries, both formerly and now capitalist and emerging, have prevailed in the great importance of sound public policies in guiding and achieving a fruitful development process, whether through direct or indirect participation, or both, with investment, support system" rel="">support and protection. Therefore, the adoption of some general prescriptions for international institutions, which are not studied in terms of their effectiveness in Iraq, and fragmented in practice, since 2003, effectively reduced the effectiveness of economic management to limit its role to "manage" the field of aggregate demand, in particular consumption, through the public budget.

The consequence of these trends was the modest clear investment programs (in serious development plans) medium / long term and modest concrete implementation of investment programs contained in the general budget. As a result, in the absence of a serious, detailed sectoral, temporal and administrative investment productivity roadmap in national development plans to achieve the transition from a rentier to a diversified economy, public services continued to be lacking (the best example being electricity, education, health, etc.). Inadequate demand for the workforce, and inadequate and deteriorating aspects of infrastructure, and modest non-governmental employment opportunities.

Despite significant security improvements over the last two years, modest rehabilitation and development of transport, energy and trade infrastructure, etc., on the one hand, persistent non-pro-active legislation / practices on the other, persistent corruption on the other, and low level of protection Effective tariffs for national products, on the fourth hand, etc., over the past decade and a half, have exacerbated / emerging the following consequences:

Private internal and external activity lags behind the development process, including reluctance to undertake productive projects with tangible potential to generate employment opportunities for the growing number of people entering the labor market annually. As economic management (including national development plans ) continued to be modest in supporting sustainable development, it led to growing unemployment in a situation of high population growth (by international standards) supported by modest population policy between encouraging or reducing population growth. As a result of the low demand for productive and productive investment projects by both public and private sectors, the foreign investor was allowed to be a “contractor” in the so-called “investment opportunities”. Foreign companies carry out projects agreed with ministries / public institutions, including financing their establishment, as loans to these ministries / public institutions, guaranteed by the public budget, to carry out projects that the budget has been unable to finance. This includes infrastructure, production and service projects. As a result, foreign investment, in this way, has essentially become a means of financing public projects rather than necessarily increasing the contribution of private activity to the development process. As a result, part of the public / budget-sector investments are financed through external borrowing. But the continuation of these trends and the expansion of borrowing leads to the possibility of the emergence of signs of a financial crisis that may be exacerbated in the future, as the economy is linked to external loans, with serious economic and social consequences, when the oil revenues, through the public budget, are unable to meet the foreign debt service. The continued narrowing of the non-oil production base to finance public budget revenues will drive increased dependence on oil (and gas) by expanding its production and export capacities. On the other hand, the prospects for slowing growth, and possibly reduced use of oil in the world, including fossil fuels, in the future, are also pushing to increase the capacity and production of oil (and gas) in order to obtain revenues before the erosion of global use in the long term.

(E) The persistence of these consequences / trends is unlikely to lead to a process of sustainable economic development and diversification in which internal private activity contributes essentially, as the underlying economic / market philosophy, after 2003, is based.

On the other hand, the problems related to controversial articles in the Constitution and the problems raised between the federal government and the Kurdistan region and the possibility of raising similar problems with the provinces, especially oil producers in the future, to pressure will negatively affect the effectiveness of economic management and performance in the future. This will be exacerbated by the absence of a comprehensive social contract between the people of the same country in different regions. In a related context, despite the great and successful efforts in the expulsion and a solid victory over most remnants of ISIS terrorist gangs and serious attempts to unify the country on the road to the implementation of the provisions of the Constitution, especially during 2017/2018, but these attempts are weakened by the persistence of these problems and differences.

In light of these prospects, consideration of these implications and an attempt to find an alternative development strategy and policies is an urgent requirement for economists, and other professionals involved in policy and economic process, to be considered, analyzed and debated for recommendations. Therefore, the title and proposed topics of the upcoming forum to be held by the Iraqi economists in Beirut / Lebanon on 10-13 April 2020 revolve around this strategy and policies.

Organizers believe that this meeting will also provide an opportunity for participants to celebrate the tenth anniversary of the establishment of the network of Iraqi economists and to review and evaluate its achievements.

Therefore, we invite all economists and those interested in Iraqi economic affairs in general, and the official decision makers, in particular, to submit abstracts of research / studies / papers / presentations (Abstracts), in Arabic or English, in areas that fall within the framework of the following proposed axes by 30 November. The research / study / paper / presentation will be submitted no later than the end of February 2020, after the subject has been approved by the Scientific Preparatory Committee for the proposed forum.

Abstracts should be sent no later than 30 November 2019 as an Office Word file with scientific and professional biography by e-mail at info@iraqieconomists.net.

Second: The proposed axes

Governance, Social Contract, Federalism, Constitution, Corruption

Rentier.

Governance and social contract.

Requirements to amend the Constitution.

Federalism and State Effectiveness.

Corruption.

Development strategies and economic management

Economic management, quotas and corruption: the reality and requirements of a capable national administration.

Economic diversification: strategies for diversification and its requirements.

Sectoral strategies, industry, agriculture, housing, water, etc.

Economic policies and plans.

Effectiveness of economic plans.

Effectiveness of economic policies.

Oil & Gas Sector

Level of production and future of oil in the global energy landscape.

The reality and future of oil contracts.

The problem of managing the oil sector between the federal government and the Kurdistan region.

Oil and Gas Law.

Federal Council for Oil and Gas.

The problem of continued burning of gas.

Oil manufacturing operations.

Water requirements for oil / gas operations.

Water: scarce in disposable and wasteful use

Prospects for water availability for Iraq.

Waste of use in Iraq and possible policies to achieve good use.

Political and strategic differences and their relationship to water.

Continued weak cooperation among neighboring countries on joint management of water exploitation.

Your activity

Reviewing and evaluating the activity of the private sector in the productive sectors (agriculture, industry, construction) and in the service and commercial sectors (commercialization)

Economic Policies: A survey of policies that encourage and hinder private activity.

Is private activity able to contribute effectively to economic diversification and sustainable development?

How can the state promote private activity?

Panel discussion between representatives of private activity and those responsible for economic policies in Iraq.

Financial, monetary and trade policies and evaluation of government initiatives for economic reform

General budget and fiscal policy.

Monetary policy.

Foreign exchange policy and exchange rate.

Foreign Trade Policies.

Population and labor market

Population growth and development of age groups.

Labor Market: Reality and Determinants of the Labor Market in Iraq.

Supply and demand in the labor market.

Unemployment and societal hazards.

Is there an appropriate population strategy and policies in Iraq?

Housing: problems and treatments

Iraq Housing Survey.

Estimation of housing deficit.

State strategies.

The impact of housing deficit on economic and social stability.

Public Services: Is the public / public sector capable of providing public services to the population: reality and prospects.

Electricity.

Education.

the health.

Social Welfare.

etc.

The role of service sectors in economic development

Banking and Financial Services

National and foreign insurance sector

Social issues

Rentier and community development since 2003.

Peace, social conflict and the future of identity politics.

Sectarianism and political and administrative quotas.

Clan and city clan.

National Identity: Plurality of loyalties and policies to strengthen the national dimension.

Economic data

Data sources.

Institutional Data Handling.

Databases and ease of use.

Interdependence between data providers.

Other topics?

Recommendations

The venue will be announced at the beginning of 2020

October 18, 2019

[1]In contrast to the period 2002-2013, details of the contribution of activities to the non-oil output decline for the period 2013-2018 are not shown in the text. This is due to the fact that the trends in the decline in the body were calculated from the comparison of GDP data (in constant prices) issued by the Central Bureau of Statistics for the years 2013-2018, a series containing “final” figures (“actual” in the terms of the system) for the years 2013-2016. “Preliminary” for 2017 and 2018. Any subsequent revision to 2017 and 2018 figures may change the results. This is all the more important, as “official statements” indicate an improvement in agricultural output, especially cereals, in the 2018/19 season compared to the previous season. This is in contrast to the preliminary figures of agricultural value added (constant prices) in 2018 compared to 2017 in the data of the Authority, issued in December 2018 and February 2019, respectively.

 

link


Long Article Above - Just Scroll Thru The Highlights ! ;) 

 

:D  :D  :D 

 

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