Spiked Camel Kava Java With Yo Momma !

[davis411]

2 hours ago, DinarDavo said:

 

Where have I heard this  before?

Don’t know

where?

[DinarThug]

9 minutes ago, fioranosportscars said:

Well.... I had a dream 2 days ago that I had won $320k prize....I have many investments .. but been giving it lots of thought.. and the only investment that comes close to this number $320k.. is $3.20.... I am not promising or hyping anything ... just sharing ....

The Gurus Always Seem To Be Talking About $4.20 !  

 

     

[DinarDavo]

3 minutes ago, davis411 said:

Don’t know

where?

 

Might have been a touch of sarcasm there.....seems like this is how they have announced the start of each new parliamentary session for the last 5,6, 7 years.  Kinda like the boy that cried "wolf"..... they talk big and produce little. This time may be different....hopefully.

[DinarThug]

From Delta ...

 

 

 

" The Central Bank of Iraq holidays for 2020 in addition to Fridays and Saturdays. "

---

January

1   New Year's Eve

 

6   Army Day 

 

DELTA

Edited January 2, 2020 by DinarThug

[DinarThug]

Al-Ghadban announces the adoption of advanced methods to curb the smuggling of petroleum products

 

 

Localities 01/01/2020 09:29 235 Editor: gf   
 

Baghdad today - follow up

 

Oil Minister Thamer Al-Ghadban announced on Wednesday (January 1, 2019) the adoption of modern and advanced methods to reduce the smuggling of petroleum products.

Al-Ghadban said in a statement to the Iraqi News Agency (INA): "The Ministry of Oil signed a contract to approve and install a system to detect clarifications and abuses on pipelines carrying oil products, and the contract is in the implementation phase ."

He pointed out that "all oil pipelines inside Iraq will operate with GPS, enabling the concerned authorities to monitor and follow the movement of tanks throughout the country, and to detect abuses and violations that may occur here and there, while the system of accreditation will be adopted to detect excesses on crude oil pipelines with the aim of theft And other, which helps the technical and engineering bodies to move quickly to handle and control emergency situations, as well as the energy police and security agencies to arrest those involved in a short time . "

He explained that "any tanker carrying black oil fuel is considered a smuggler, with the exception of the tanks of the land transport companies and the distribution of petroleum products, and that the recent contracts restricting the marketing of black oil to SOMO and transport operations in the companies of the Ministry of Transport and Oil, achieve profits for national companies, and limits smuggling."

LINK

[DinarThug]

LINK

Governmental advisor: The Iraqi-Chinese agreement entered into force

 

2nd January, 2020

 

At a time when protests calling for political and economic reforms in Iraq, which are more than two months old in Baghdad and the south and central governorates, have passed, the Iraqi-Chinese agreement that includes "reconstruction in exchange for oil" came into effect for Chinese companies to start their activities in Iraq in the areas of rebuilding infrastructure, transport and industry Health, Education and Communication

In late September, Iraq signed eight agreements with China during the visit of the resigned Prime Minister, Adel Abdul Mahdi, in the forefront of which is a framework agreement between the Iraqi Ministry of Finance and the China Credit and Export Insurance Company, which includes projects related to roads, rail networks, housing, ports, hospitals, schools, water dams, energy, and transportation

In this regard, the economic advisor in the Prime Minister of Iraq, Dr. Mazhar Muhammad Salih, said that "the Iraqi-Chinese agreement started implementation as of the first of last October since the first barrel flowed at the expense of the agreement

He added that "there are two major energy projects - one north of Baghdad and the other in southern Iraq, the first in the field of fuel and the second in the field of electric power generation - work has been resumed by Chinese companies, and it is one of the projects that were not completed in previous years

Saleh explained that "a series of important projects will be included in the field of infrastructure when approving the federal budget for the year 2020

"The advantage of Chinese companies is that they operate in the most difficult conditions, and are able to absorb Iraqi social components with the need to protect them from those affected by this agreement, " said economic analyst Dergham Muhammad Ali

Ali said, "The agreement continues at least for a period of ten years, and Iraq will gain reconstruction in infrastructure, transport, industry, health, education, communications and media, without paying money but rather exporting 100,000 barrels per day outside of OPEC's share without affecting the financial budget

He pointed out that the official information shows that the value of the Chinese investment is estimated at five hundred billion dollars in the formula of reconstruction in exchange for oil, but that now requires preparations, land and a map of work. As for the workspace, it is the entire area of Iraq in the financial, health, education, construction, infrastructure, communications, transportation, media and industries

[DinarThug]

LINK

Youth spirit of the renaissance of the Iraqi economy, the
Association of Banks as a model

 

2nd January, 2020

by Samir Al-Nassery

 

Our great Iraq since October 1, 2019 is going through a popular youth mobilization conscious of its role in creating the renaissance of Iraq, the patient, who suffers from economic, security and political shocks, and financial and administrative corruption that is rampant in an organized way in all areas of life. Therefore, the peaceful youth movement knows well what their efforts and programs need Strategies and methodology implemented by the patriotic, efficient and enthusiastic sons of Iraq for reform and radical and comprehensive change in all new building rings, and the most important link that occupies a priority in front of the new government is economic reform, achieving economic stability and building a new reform structure led by the news. E and youth-conscious and whose agenda is focused on the service of Iraq and its people only without partisanship or Aotktl quotas

This prompts us to think carefully that we benefit from the experience of young people and emerging economies, which now constitute economic poles that influence the leadership of the global economy by relying on the capabilities of their youth and their national competencies, so we need now, especially in the year 2020 to take advantage of the conditions of the peaceful popular movement in youth leadership A new revival of the country, coupled with their love for their people and their homeland, especially that Iraq is about within weeks to move to a new stage in overcoming a harsh stage in politics and economics, and will move to an important transitional phase after the movement that makes us draw inspiration from lessons and lessons by relying on water August the Iraqi efficient, ambition and conscious of the goals of this stage in the leadership of the institutions of the national economy and the methodology of a new scientific-based and sound planning and vitality and determination to overcome the challenges and focus on young people insured a capacity homeland beloved Iraq and the Iraqi people proud people in the transition to the Renaissance stage in the proper construction of the economy with a new spirit bearing

Here, the steps of the Iraqi Private Banks Association should be supported by its administrative body and the youth team working in it to achieve this goal, benefiting from the experiences of previous generations in all economic and banking activities and employing them according to their capabilities, competencies and youth potential to achieve youth leadership for the wheel of economic reform in the renaissance stage

This is confirmed by the activities of the association (2016-2019) and its plan for the year 2020 in its training and qualification for banking human resources and students of management and economics colleges and coordination with the central bank, banks and universities and adopting them to implement programs to stimulate and encourage young people and entrepreneurs in starting their small and medium enterprises through support and support of the station, which is a center for care The youth, their support and the adoption of their development projects, which is the first that was established at the level of Iraq. The results of the training activity for the youth of the Association during the past five years can be determined by the limits of 5,000 young male and female employees and university graduates. Training focuses on economic activities And its financial, banking and economic media . This is evidence that young people will lead the economy and the banking soon because I Aaomn that takes care of and supports young people will ensure that the great renaissance and the future of Iraq

[DinarThug]

LINK

Diyala: housing construction boom in the last quarter of
2019 increased by 25%

 

14:11 - 02/01/2020

 

Contractors in Diyala province, Thursday, the recovery of housing construction in the last quarter of 2019 by 25%.

Thamer Khalil, a local contractor in Baquba, told Al-Maalouma that “building new housing for citizens witnessed a remarkable recovery in the last quarter of 2019 and rose by 25%, which is a very good percentage and provided job opportunities for hundreds of unemployed youth.  It also contributed to moving the economy wheel because construction is linked With a long chain of liberal professions.”

Al Shammari added, "The construction in Baquba is stronger than the rest of the cities at the present time due to the desire to live in a living inside the city and its agricultural surroundings." Alwan Al-Dulaimi, a local economist, pointed out that “Diyala in general has experienced major setbacks due to the security unrest that led to the suspension of housing construction activities for not few periods, especially between 2005-2009 and after 2014, but the security conditions are relatively stable and this has contributed to paying a lot for construction.” 

Khalil added, "The security stability and the diversity of opportunities to obtain loans are all reasons that led to the recovery of the housing construction market, especially in villages and rural areas." Meanwhile, a local contractor, Ali Al-Shammari pointed out that “70% of his clients are mainly employees or members of the security services, pointing out that what helped move the wheel of the building is the adoption of a payment method in the term and the monthly installments to pay the costs, and this contributed to the increase in construction.”

Al-Dulaimi added, "The idea of horizontal construction is prevalent and there is no support in vertical construction despite its importance in making optimal use of limited lands, especially in city centers, including Baquba, pointing out that the construction market moves with dozens of free professions and provides very large job opportunities for the unemployed." 

[cjdavid]

5 steps forward....3 steps back. The seriously need to get their act(s) together! All I hear is Charlie Brown's teacher.

[DinarThug]

1-2-2020   Newshound Guru Breitling  ...

a lot of stuff we've been looking at...

everything is coming down the road. 

Everything is lining up. 

If people are not excited about this they're never gonna get excited...

you have Iraq telling you that they have a new budget based on lower oil prices and its determined by investments. 

And so what are they gonna do?  

They're gonna reduce their note count. 

They're gonna start doing what we've been talking about...

they said that they needed to add value to their currency. 

Now they are dependent only on that because they have to add value to their currency to get into the international markets...

we couldn't be in a better position. 

That's why I've been so positive...

there's nothing else they need to do.  

They took the cover off of everything. 

All this stuff is in the news. 
They're telling everybody what they're gonna do.

[DinarThug]

1-2-2020   Newshound Guru Breitling  ...

I've been getting emails of people asking me about the graph from the CBI...

it shows the drop in currency...

if you go back...what was the value?

About $3.25...

they had between 1 and a half to 2 billion notes in the market...

that was the number that we needed to watch.  

The chart that you guys are looking at is very important...

there it is from the CBI...

Look how much the currency has dropped. 
Here's what we don't know. 

We don't know how many denominations are out in public. 

In other words how many 25K notes. 

How many 10K notes. 

How many 5K notes. 

So even though they say they've dropped the note count it doesn't give us enough information to determine how many dinar are out there.  

But we can see they dropped the note count. 
It's right there in front of you.

[DinarThug]

1-2-2020   Newshound Guru  Breitling   ...

Every country on the planet that drops their note count what happens to the value of their currency? 

It goes up...it's universal...

they're [Iraq is] dropping their note count...

when they drop their note count guess what? 

The value of their currency goes up. 

They're putting things in place. 

The budget depends on investments because they're losing in the commodities market as far as the energy markets go.   

So they're investing in the international markets.  

And they're not gonna do that at a ten of a penny...

that's what these guys are trying to tell you. 

So all these indicators are in place. 

It should make you very very happy...

I couldn't be more excited...

[DinarThug]

LINK

Iraqi Trade Bank reveals the results of profits and revenues last year

 

 

2nd January, 2020

The head of the Iraqi Trade Bank, Faisal Al-Heims, announced Thursday the results of profits and revenues last year.

Heimis said in a statement, "Last year revenue of 2019 amounted to 836 billion dinars, equivalent to 697 million dollars."

He added that "the net profit amounted to 673 billion dinars, equivalent to 561 million dollars."

[DinarThug]

LINK                                                               

Economist: Iraq will not be hurt oilily due to the American escalation

 

 

 

14:18 - 01/03/2020

 

 

The economic expert, Qusai Safwan, confirmed on Friday that Iraq would not be affected by oil due to the American escalation, as there are good relations with other countries and agreements to determine the selling price of a barrel of oil between 60-70 dollars a barrel during the current year.

Safwan said in a statement to the "information", that "Iraq has its oil exports, its relations and its links with the countries of the axis of Iran and many other countries consuming Iraqi oil, and therefore its export will not be affected by the American escalation."

He added that "Iraq even if it was placed in the seventh item, its oil file will not be damaged, while the damage will be only in the currency, as it is possible for the Iraqi currency to record a decline against the dollar."

And that "the continued escalation between the two sides will harm Iraq's currency against the dollar, because Washington has control over the financial file and control the value of the dollar, but understandings may take place between the two governments for calm and non-escalation."

[Floridian]

"Oilily" ?  😂

 

[DinarThug]

Dr.. The appearance of Muhammad Salih *: a view of Tarikh Kh Dyun
Sovereign Iraq

 

The history of Iraqi debts in general and external ones in particular is a fact the sad and dark in the modern economic history of Iraq.

Religion remained
The government has, over the past four decades, been far from philosophy borrowing for investment in development and achieving economic prosperity by default political and exceptional circumstances and factors.

In the 1980s, during the war with Iran, it was borrowing the external is a harness to finance the deadly war machine, (a fatal consumer debt and odious debt) accompanied by internal borrowing for the purpose of spending same consumer. 

In 2004 the Paris Club Secretariat estimated a debt external Iraq for the period before 1990, about 128 billion dollars, which it was decided at that time to write off 80% of it under the Paris Club Agreement.
That agreement was based on Security Council Resolution 1483 in May 2003 concerning the settlement of Iraq's external debt to its creditors.
As debts accumulated before the year 1990 was caused by interruption of payments, inability to pay and the application of the terms of agreements the debt is officially signed with the various creditors, whether sovereign or returning for a group of Paris Club's nineteen or for a group of official creditors the 54 countries creditor to Iraq outside the Paris Club group, as well for thousands of commercial creditors. 
What the bilateral debt agreements have shown with the creditor parties have indicated statements of payment of the accrued interest the level of principal or acceptance of late interest (PDI) as per the contract provisions religion and location are mostly official with creditors in the 1980s the past.

In the 1990s siege period and the imposition of international sanctions on Iraq and the consequences of the Kuwait war and the consequences of its invasion, it took the issue of debt and its burden is two different paths. 

First, domestic borrowing has been going heavily in the interest of public spending within the money tools and playing a deficit financing game inflationary budgeting or a debt monetization game to provide sustainability to the fragile reality in budgets the stage of the economic blockade and its time to strive to operate the economic system machine.
As the real income of the Iraqi individual was confiscated through the use of something called) the principle of automatic expropriation of individual savings and potential surpluses and their absorption in advance of the waves of inflation and inflationary expectations it generates public spending financed by cash issue or inflation (.
It is a dispossession mechanism automatic based on the permanence of replacing government debt instruments (treasury transfers) annual issued by the Ministry of Finance in cash issued to be accepted automatically in the budget balance for the Central Bank of Iraq.
Hence its adoption as a bad asset amortized at that time in the formation of the monetary base.

As for the second track, which is implementing the agreement with the United Nations, after it was made fun of the international organization is one third of the Iraqi oil revenue exported through the memorandum of understanding or the "Oil for Food and Drug" program has started work on that rescue note in 1996, that was to pay (foreign compensation) to war victims Kuwait through the United Nations Compensation Fund UNCC and various their stripes, countries and institutions that have been countless and overpriced compensation exceeded 52 billion dollars.
Note that compensation is not debt rather, sanctions were imposed by UN resolutions, including covering the costs of the inspection teams collected from the revenues of the MoU.
The international organization kept keeping Iraqi oil revenues in an account in the name of the Secretary Of the United Nations within the arrangements for Chapter Seven of the Charter of the International Organization currently, only a sum that is less than 3 is left from the amounts of these Kuwaiti compensation billions of dollars. 
As the other new stage in the life of Iraq began economic development and the development of its debt since the beginning of the third millennium, specifically the stage of transformation the major politician from 2003 to the present, Iraq has not resorted to any borrowings of little importance.
Unless our country comes up suddenly, after a decade is over my time shift from political transition to two suffocating (security and financial) crises a year 2014 spanning until 2017 launched the operating loan wheel to take its ranges again. As most domestic and external borrowers went this time to supporting the operational budget to ensure the sustainability of current budget payments especially from salaries, wages and other obligations as well as reassurance the war front against terrorism after crude oil prices fell from 80 dollars a barrel to less than $ 30 a barrel.
If we take a cost the IOCs produce crude oil that is serviced by the international oil companies the net return of a barrel of exported crude oil will be $ 20 at the time, though salaries, wages and pensions are designed for at least a barrel of oil $ 80.
Thus the external debt came this time, mainly related to purchases weapon, equipping, and rebuilding the armed forces to counter ISIS terrorism, it is at the end of the trend that has a highly consuming nature of operating a machine war and its tools, which were required by the priorities of liberating the land.
It is noted that half of the external debts generated by these two crises financial and security (after the year 2014), especially external loans provided by the seven major countries that were based on pledges made by those countries in
Tokyo Statement in May 2016 to support Iraq in its War on Terror, in addition to the credit provided by multiple international financial institutions the parties are the World Bank and the International Monetary Fund, which totaled to this day about $ 12 billion odd (more than half or perhaps most of it has gone to support the operational budget between 2015 - .2017

Based on the above, the history of Iraqi indebtedness and over several decades and various times have been closely related to government consumer spending as a result of wars, conflicts, sieges, crises and corruption, by a percentage- 90%.

The consumer debt burden may be equated to the other side of debt, if only to a limited extent, is linked to financing some of it with the generating development projects for income.
However, loan-executed projects have also remained marginal in impact in driving the country's economic growth and bringing about a significant economic transformation.
Thus, over four decades of the economic life of Iraq, the debt did not constitute development related to the state investment projects only 10% of the total Iraqi sovereign debt. 
As the Iraqi oil resources remained as a payment lever sustainable finance in the service of unproductive consumer debt, to register the country then four consecutive decades of lost development. for example, grant expenditures, international aid, and concessional loans) amount or represent a high percentage (in which the grant element was spent about - the Iraqi investment and infrastructure sector between the years 2003-2013 $ 94 billion.
On its part, Iraq participated in the disbursement of $ 126 billion the total actual expenditures on the government investment sector during the past ten years amounted to $ 220 billion!
The result is that the country remained and what it still needs more than 8,000 school buildings and that there are 3.5 million a person who lives in slums around unserved cities) and lacks networks sanitation, water and law enforcement services (until yesterday we all enjoyed it with shabby body parts of the infrastructure.

Despite the foregoing, the overall economic situation of Iraq, whether visible or latent, still showing sustainability in the country's financial and economic strength, support adequate foreign cash flows for payment and the ability to sustain and sustain debt service, what made the total current debts of Iraq (internal and external) as a ratio of the gross domestic product does not exceed 49.7%, or $ 115 billion according to what is indicated in the debt schedules in 2019, those will decrease the percentage increased to 48.6% in 2020, despite the increase in these debts slightly (in absolute terms) and, as expected, due to budget funding conditions Federal Public 2020 and the projected deficit if higher output will help gross domestic product) from $ 235 billion in 2019 to $ 254 billion dollars in 2020 (in providing impressive weight will keep the ratio down the standard debt for Iraqi debt in the year 2020.

Hence, the six course of debt rates towards a decrease towards or towards the safe limits of debt bearing capacity or less Iraqi debt is still safe and far from debt sustainability even on the maximum circuit of the international standard in determining acceptable ends of debt as a percentage of GDP, by no more than 60% ؜.

It is appropriate that fiscal space touches a conclusion, and since today Iraq will have a fiscal space referring to the positive expectations of international creditors and capital markets, to be made available managing public debt and fulfilling its service obligations at a more reassuring level.

(*) Researcher, academic economist and former deputy governor of the Central Bank
Copyright © Ethnic Economists Network. Republishing is permitted on condition of reference
To the source. January 2, 2020
http://iraqieconomists.net/

[DinarThug]

Dr.. The appearance of Muhammad Salih *: An overview of the history of Iraq's sovereign debt

01/02/2020

 

The history of Iraqi debts in general and foreign ones in particular is a sad and dark fact in the modern economic history of Iraq. For the past four decades, the government debt has remained far from its philosophy of borrowing in order to invest in development and achieve economic prosperity by virtue of the exceptional circumstances and political factors.

In the last decade of the 1980s, during the war with Iran, external borrowing was used to finance the deadly war machine, which is a fatal consumer debt and odious debt, accompanied by internal borrowing for the same consumer spending purpose. In the year 2004, the Paris Club Secretariat estimated the external debt of Iraq for the pre-1990 stage at about $ 128 billion, at which time it was decided to write off 80% of it under the Paris Club Agreement.

That agreement was based on Security Council Resolution 1483 in May 2003 regarding the settlement of Iraq's external debt to its creditors. As debts accumulated before the year 1990 due to interruption of payments and the inability to pay and the application of the terms of the debt agreements formally signed with the various creditors, whether sovereign ones that belong to the group of nineteen Paris Club countries or to official creditors from the group of 54 countries creditor to Iraq from outside the Paris Club group, as well For thousands of commercial creditors. What the bilateral debt agreements have shown with the creditor parties has indicated decisions to pay the accumulated interest, whether on the level of the principal, or the acceptance of the delay interest, and according to the provisions of the debt contract, most of which are formally signed with the creditor parties in the 1980s.

To continue reading, click on the following link

The appearance of Muhammad Salih - An overview of the history of Iraq's sovereign debt - Editor

LINK

[DinarThug]

LINK

Diyala's wish: ISIS has lost the ability to recruit new elements

 

 

 

20:25 - 02/01/2020

 

 

On Thursday, the security committee in the dissolved Diyala Council revealed the most important failure of ISIS in the past year 2019.

Committee head Sadiq Al-Husseini told Al-Maalouma that the main artery of the perpetuation of ISIS and its extremist idea is to recruit new blood in its ranks, but during the past year 2019, ISIS largely failed to be able to recruit despite its repeated attempts, but it was unsuccessful.

He added, “The popular crowd and security formations found in several additions correspondence between the leaders of the terrorist ISIS, showing the great failure in gaining new blood and the inability to recruit because of the rejection of ISIS’s ideas,” noting that “black communications between ISIS leaders revealed the size of despair and collapse Morale in its ranks."

ISIS relies on recruitment and gaining new blood in order to perpetuate the momentum of terrorist acts and harm security and stability through propaganda tools, especially on social media. 

[DinarThug]

1-3-2020  Newshound/Intel Guru tman23   

Word is Solemani was in Iraq to operate a coup,

the plan was to take over the Iraq government and arrest Iraqi president Sahlim Barham...

Hadr Ameri,  leader of the Badr corps is said to have been arrested by US authorities...

so now we hear on major outlets for an emergency session for Parliament ...

should hear about Ameri being arrested in next day or so...

going to be an interesting weekend...

[DinarThug]

1-3-2020   Newshound Guru chattels 

[as far as that 50 trillion to 5 trillion,

I would certainly love some clarification on it's true meaning.

I have seen differences in opinions.]   

Let's just wait for the next report.

It it was an error then it likely will be corrected.
If it stays the same then maybe there is something to it all.

[DinarThug]

1-4-2020   Newshound Guru MilitiaMan  ...

we found that the currency supply decreased by 975% real close and the CBI clearly shows charts to prove they did in fact did do it. 

By decreasing  the money supply (note count) the common denominator is a value increase based of supply and demand.

They will have a liquidity issue going forward if they don't raise the rate soon...

The reduction in currency wasn't found until around the 23rd - 26th era December 2019,

but it was in fact reported to have occurred on 12/08/2019 by the CBI and whereby,

the movement of that money value from the reduction in currency showed up around on the commercial side of banking on 12/29/2019 real close. imo.  

So, we can see that timing is of extreme importance now. 

With normal accounting behaviors, this time is very sensitive.
I have a very good feeling about the window we are in.

[Half Crazy Runner]

On 1/1/2020 at 4:08 PM, DinarThug said:

the parliament intends to pass controversial laws during the new year, including oil and gas laws,

Good grief. They say this same thing EVERY. FREAKIN’. YEAR. 

🤬 
 

[DinarThug]

The Harvest of Monetary Policy (2016-2019)

Saturday 04 January 2020

Samir Al-Nassery

 

On the occasion of the end of 2019, and due to the conditions of the popular movement, the legitimate demands of our people, instances of clashes in interests, visions, political tensions that our beloved Iraq is going through, the confusion of economic life in Baghdad and the central and southern governorates, and our reception for a new year, its tracks and goals do not seem clear-cut and cloudy in many areas.

Therefore, through neutral, transparent review and analysis and evaluation of the economic situation in Iraq in the light of monetary policy applications in implementation of the main and subsidiary objectives included in the strategy of the Central Bank for the years (2016-2020) and in particular what has been achieved from them during the past four years and the prospects for the requirements of stabilizing the positive results achieved and starting to implement The bank's plan in the year 2020 and the following years, according to its stated vision in building the infrastructure of the banking sector and clarifying the opportunities available to banks, customers and investors, which include twenty-one strategic banking projects in the technical and complementary field The following is legal, developmental, and the type of project, goal, results, and implementation period have been defined and from the point of view of a specialist in banking activity and close to the mechanisms of banking work and the supervisory and supervisory role of the central bank reached facts, evidence and signals Achievements. 

Emphasizes that the Central Bank of Iraq has proven to be an effective economic institution in Iraq, during the past four years through its accomplishments in achieving monetary policy goals set out in its Law 56 of 2004 and its contribution to supporting the national economy. The following facts and applications confirm that. 

 

After mid-2014 Iraq suffered two security and economic shocks because of the war on terrorism on behalf of the countries of the world and the decrease in oil prices, the main resource for Iraq by more than 70 percent. Her customs And its laws.

In the military tradition, the armed military forces cannot achieve the victory achieved by the enemy without there being a civil and economic effort that supported them and the most important effort and the most prominent effort that must be provided by all agencies and the private sector is the effort and economic support that contributes to achieving the decisive military victory. 

This is what has already been achieved and work and reality, and the most important and most important thing that has been achieved was the support of the state treasury in the amount of 16 billion dollars in procedures and tools of monetary policy and achieving stability in the exchange rate from 1/1/2018 to right Now. 

 

Reducing inflation and maintaining its ratio by less than (2 percent) and maintaining a foreign cash reserve in excess of $ 80 billion is enough by 160 percent as a cumulative accumulation according to the latest IMF standard with gold reserves within a record rate Excellent.

In addition to that, its adoption of standards and controls consistent with the requirements of international standards in compliance and combating money laundering and terrorist financing and the activation and consolidation of new visions of monetary policy applications. Thematic challenges And subjective.

 And the application of policies to restore confidence in the banking transactions of Iraqi banks with Arab and foreign banks and strive to build a solid banking sector and continue to make exceptional efforts to improve the bank's reputation with international financial institutions and organizations and correspondent banks.

 And building strong relationships with Arab and foreign central banks and international financial organizations, as well as procedural, organizational, structural and internal development policies were drawn up, which aim to achieve stability in the monetary system and the development of banking work technically, structurally and organizationally and raise the proportion of financial inclusion to the target ratio, where he prepared and laid the financial foundations And the technology appropriate to the reality of the Iraqi economy and the mechanisms of banking, which formed a solid base on the domestic scale And outside.  

link

[DinarThug]

1-4-2020   Newshound Guru Breitling  ...

I have zero doubts on the currency revaluing...

This is the most important information you're gonna get...

when you exchange your currency you're gonna get taxed. 

That's a taxable event. 

You are gonna have a big chunk taken out right there. 

Next, you're gonna go buy a house, that's a taxable event. 

You're gonna go out and buy a nice car.  That's a taxable event...

that's what I've been worried about.  

It's going to go away from you so quick unless you know what you're doing

and have a plan and you have a plan to avoid that.  

You did what you needed to do.  You bought the dinar. 

The second thing you need to do is keep it.  

There is nothing else you need to do. 

This is coming down the road. 

There's no other way I can say it.  It's right in front of you. 
You're looking at it.  Are you prepared?

[DinarThug]

LINK

The Ministry of Justice settles the salaries of its employees in the Rafidain Bank

 

14:33 - 01/05/2020

On Sunday, the Ministry of Justice announced its agreement with the Rafidain Bank to localize the salaries of the Ministry's employees in the bank.

The Ministry’s official spokesman, Thaer al-Jubouri, said in a statement, which received / information / a copy of, that “Minister of Justice Farouk Amin al-Shawani directed earlier to form a committee to localize the salaries of the ministry’s employees, and give them freedom to choose one of the banks accredited to the Central Bank of Iraq, Where the settlement of the salaries of the Ministry's employees was signed with the Rafidain Bank.

Al-Jubouri added, “A committee decided to localize the salaries of the employees of the Ministry of Justice in the Rafidain Bank and give them an electronic card, and then their monthly salaries are received through them,” noting that “any employee has the right to localize his salaries in this bank.”

The spokesperson explained that "the conditions required to localize the salaries of the employee are: the quadrant name, born on the month of the year, the nationality number and date, the mobile phone number, the name in English."