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Looks like Iraq is a member of the IMF

GasCan

By GasCan,
in Dinar Rumors

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yota691 Grand Master

yota691

Posted
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Posted Yesterday, 03:00 PM

IMF Members' Quotas and Voting Power, and IMF Board of Governors

Last Updated: December 28, 2011

The Board of Governors, the highest decision-making body of the IMF, consists of one governor and one alternate governor for each member country. The governor is appointed by the member country and is usually the minister of finance or the governor of the central bank. All powers of the IMF are vested in the Board of Governors. The Board of Governors may delegate to the Executive Board all except certain reserved powers. The Board of Governors normally meets once a year.

The table below shows quota and voting shares for IMF members. Following the entry into effect of the 2008 Amendment on Voice and Participation on March 3, 2011, quota and voting shares will change as eligible members pay their quota increases. During this process, this table will be updated regularly. Click here for a table illustrating percentage quota and voting shares before and after implementation of the 2008 Amendment on Voice and Participation, and of subsequent reforms of quotas and governance which were agreed in 2010 but are not yet in effect.

1At the present time all 187 members are participants in the Special Drawing Rights Department.

2Voting power varies on certain matters pertaining to the General Department with use of the Fund's resources in that Department.

3These countries have accepted the obligations of Article VIII, Sections 2, 3, and 4 of the Articles of Agreement.

4This figure may differ from the sum of the percentages shown for individual countries because of rounding. And Iraq is on the list http://www.imf.org/e.../members.aspx#I

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lotsofdinar Newbie

lotsofdinar

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"In an economic crisis, countries often need financing to help them overcome their balance of payments problems. Since its creation in June 1952, the IMF’s Stand-By Arrangement (SBA) has been used time and again by member countries, it is the IMF’s workhorse lending instrument for emerging and advanced market countries. Rates are non-concessional, although they are almost always lower than what countries would pay to raise financing from private markets. The SBA was upgraded in 2009 to be more flexible and responsive to member countries’ needs. Borrowing limits were doubled with more funds available up front, and conditions were streamlined and simplified. The new framework also enables broader high-access borrowing on a precautionary basis."

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DinarBot Newbie

DinarBot

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Posted (edited)

Dec. 13 2011 press release - may be here already but again ...

http://www.imf.org/external/np/sec/pr/2011/pr11465.htm

“We remain committed to helping Iraq in its efforts to foster sustained and inclusive economic growth, generate viable employment opportunities, and improve living standards for all Iraqis. An IMF staff mission is scheduled to meet the authorities in January to discuss progress under the program and next steps.”

Still under IMF programmed rate etc. Good news. They have verified rate is programmed and not factual. Cut it loose.

Edited by DinarBot
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lotsofdinar Newbie

lotsofdinar

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"The CBI will continue to be independent in the pursuit of its policy objectives. The CBI’s monetary and exchange rate policies will continue to be aimed at keeping inflation in the low single digits and safeguarding international reserves. We believe that the policy of maintaining a stable exchange rate continues to be appropriate, as it provides a solid anchor for the public’s expectations in an otherwise uncertain environment and in an economy with a still very low level of financial intermediation. The policy interest rate will be kept positive in real terms (measured against core inflation) to signal the CBI’s firm commitment to maintain a low rate of inflation."

Here's a good read (in English!) from the CBI.

http://www.imf.org/external/np/loi/2011/irq/030311.pdf

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DinarBot Newbie

DinarBot

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"The CBI will continue to be independent in the pursuit of its policy objectives. The CBI’s monetary and exchange rate policies will continue to be aimed at keeping inflation in the low single digits and safeguarding international reserves. We believe that the policy of maintaining a stable exchange rate continues to be appropriate, as it provides a solid anchor for the public’s expectations in an otherwise uncertain environment and in an economy with a still very low level of financial intermediation. The policy interest rate will be kept positive in real terms (measured against core inflation) to signal the CBI’s firm commitment to maintain a low rate of inflation."

Here's a good read (in English!) from the CBI.

http://www.imf.org/external/np/loi/2011/irq/030311.pdf

See you in January 2012. Next IMF meeting for Iraq to discuss program.

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MrDinarman Newbie

MrDinarman

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Iraq is still OBSERVER STATUS

http://www.imf.org/external/np/sec/pr/2011/pr11465.htm

عربي

Statement by IMF Managing Director Christine Lagarde on Iraq

Press Release No. 11/465

December 13, 2011

Ms. Christine Lagarde, Managing Director of the International Monetary Fund (IMF), issued the following statement after a meeting with H.E. Nouri Al-Maliki, Prime Minister of Iraq in Washington today:

“It was a pleasure to meet Prime Minister Al-Maliki today. Over the past several years, Iraq and the International Monetary Fund have engaged in a very successful partnership, anchored by successive IMF-supported economic programs. This partnership has facilitated substantial debt relief and helped achieve macroeconomic stability, including a strong dinar, low inflation, and a resumption of economic growth, in a very challenging political and security environment.

“Prudent fiscal policies are essential to maintaining macroeconomic stability and fostering inclusive growth. In this context, I am very encouraged by the government’s new budget proposal for 2012 that was recently submitted to the Iraqi Council of Representatives. The proposal aims to restrain the growth of current spending, thus freeing up resources for infrastructure investment and social support, while limiting the size of the budget deficit. The proposed budget would allow the current Stand-By Arrangement (SBA) to continue to provide a safety net to the budget in case oil revenues were to fall sharply.

“Promoting policies that lead to more inclusive growth is central to our engagement with Iraq. We are working closely with the Iraqi government to rebuild its essential economic institutions to help improve economic management and public service delivery. The current SBA offers a framework for Iraq’s structural reform agenda, by promoting better public financial management, including the management of Iraq’s hydrocarbon resources, and developing a financial sector that can support private sector activity and job creation. We look forward to further progress in these areas.

“We remain committed to helping Iraq in its efforts to foster sustained and inclusive economic growth, generate viable employment opportunities, and improve living standards for all Iraqis. An IMF staff mission is scheduled to meet the authorities in January to discuss progress under the program and next steps.”

The Dinar can be "strong" but not valuable. Sorry to burst bubbles :D

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caz1104 Newbie

caz1104

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Posted

http://www.imf.org/external/np/sec/pr/2011/pr11465.htm

عربي

Statement by IMF Managing Director Christine Lagarde on Iraq

Press Release No. 11/465

December 13, 2011

Ms. Christine Lagarde, Managing Director of the International Monetary Fund (IMF), issued the following statement after a meeting with H.E. Nouri Al-Maliki, Prime Minister of Iraq in Washington today:

“It was a pleasure to meet Prime Minister Al-Maliki today. Over the past several years, Iraq and the International Monetary Fund have engaged in a very successful partnership, anchored by successive IMF-supported economic programs. This partnership has facilitated substantial debt relief and helped achieve macroeconomic stability, including a strong dinar, low inflation, and a resumption of economic growth, in a very challenging political and security environment.

“Prudent fiscal policies are essential to maintaining macroeconomic stability and fostering inclusive growth. In this context, I am very encouraged by the government’s new budget proposal for 2012 that was recently submitted to the Iraqi Council of Representatives. The proposal aims to restrain the growth of current spending, thus freeing up resources for infrastructure investment and social support, while limiting the size of the budget deficit. The proposed budget would allow the current Stand-By Arrangement (SBA) to continue to provide a safety net to the budget in case oil revenues were to fall sharply.

“Promoting policies that lead to more inclusive growth is central to our engagement with Iraq. We are working closely with the Iraqi government to rebuild its essential economic institutions to help improve economic management and public service delivery. The current SBA offers a framework for Iraq’s structural reform agenda, by promoting better public financial management, including the management of Iraq’s hydrocarbon resources, and developing a financial sector that can support private sector activity and job creation. We look forward to further progress in these areas.

“We remain committed to helping Iraq in its efforts to foster sustained and inclusive economic growth, generate viable employment opportunities, and improve living standards for all Iraqis. An IMF staff mission is scheduled to meet the authorities in January to discuss progress under the program and next steps.”

The Dinar can be "strong" but not valuable. Sorry to burst bubbles :D

"sorry to burst bubbles" JMO based on previous posts,but I think you kind of enjoy it. Best to you anyways

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Bumper64 Enthusiast

Bumper64

Posted
Posted

The Dinar can be "strong" but not valuable. Sorry to burst bubbles :D

Why are you here????blink.gif

You always seem to like being the negative person in every thread you post in, do you still own dinar?? just checking!!

"sorry to burst bubbles" JMO based on previous posts,but I think you kind of enjoy it. Best to you anyways

I agree!!

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MrDinarman Newbie

MrDinarman

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Because I know certain people would see that and jump to conclusions and say "see the IMF said the dinar is strong!!! It had to of revalued!!! Okie was right!! We'll all be rich tomorrow!!" I'm really not a negative person, but I figure there's already enough positivity in the dinar world to last ten lifetimes. I just look at the truth, which unfortunately a lot of times is negative. I'm sure many on here would spin both articles and promise an imminent rv and give people false hopes. I just refuse to do that. Its funny how guru's and people who post their stuff get hundreds of pluses while I try to tell the truth as I see it or just make an off color comment to be funny get tons of negatives. I hope we all prosper from the venture and am invested in money and time as all of us. :tiphat: Here's to a happy and prosperous new year!!

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Bumper64 Enthusiast

Bumper64

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Because I know certain people would see that and jump to conclusions and say "see the IMF said the dinar is strong!!! It had to of revalued!!! Okie was right!! We'll all be rich tomorrow!!" I'm really not a negative person, but I figure there's already enough positivity in the dinar world to last ten lifetimes. I just look at the truth, which unfortunately a lot of times is negative. I'm sure many on here would spin both articles and promise an imminent rv and give people false hopes. I just refuse to do that. Its funny how guru's and people who post their stuff get hundreds of pluses while I try to tell the truth as I see it or just make an off color comment to be funny get tons of negatives. I hope we all prosper from the venture and am invested in money and time as all of us. :tiphat: Here's to a happy and prosperous new year!!

Very well said!! +1smile.gif

I just like to find out what peoples motives are and you told me yours!th_smiley_two_thumbs_up.gifThanksBump

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Canuklady Newbie

Canuklady

Posted
Posted

Because I know certain people would see that and jump to conclusions and say "see the IMF said the dinar is strong!!! It had to of revalued!!! Okie was right!! We'll all be rich tomorrow!!" I'm really not a negative person, but I figure there's already enough positivity in the dinar world to last ten lifetimes. I just look at the truth, which unfortunately a lot of times is negative. I'm sure many on here would spin both articles and promise an imminent rv and give people false hopes. I just refuse to do that. Its funny how guru's and people who post their stuff get hundreds of pluses while I try to tell the truth as I see it or just make an off color comment to be funny get tons of negatives. I hope we all prosper from the venture and am invested in money and time as all of us. :tiphat: Here's to a happy and prosperous new year!!

I agree with you that there's a distinction between strong and valuable. In any event, I appreciate the analysis, which is why I didn't neg you. I try to save my negs for people who are intentionally obnoxious or rude to other members as opposed to those who don't believe a RV is imminent or interpret something in a different way than I do. Thanks for posting.

Good luck to us!

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