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I have been contemplating this for some time now and have finally made my decision. I am slowly migrating this site over to dinarcentral.wordpress.com and you will also be able to just use the domain dinarcentralblog.com over the next few days and weeks. Be sure to check here as well as the new address(es) frequently.
This change is due to the highly increased volume and popularity of this blog DinarCentral. This change will enable us to offer our readers a better experience with more features and information as we move through this investment.
I would like to thank all of our loyal readers and supporters as I never dreamed that this site was going to go where its gone... Thanks to all!
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Saturday, October 1, 2011
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We also now have Twitter account @dinarcentral
AND a FaceBook friends and FAN Page
We also now have Twitter account @dinarcentral
AND a FaceBook friends and FAN Page
(REPOST) - THIS SITE HAS MOVED!
Hello all!
I have been contemplating this for some time now and have finally made my decision. I am slowly migrating this site over to dinarcentral.wordpress.com and you will also be able to just use the domain dinarcentralblog.com over the next few days and weeks. Be sure to check here as well as the new address(es) frequently.
This change is due to the highly increased volume and popularity of this blog DinarCentral. This change will enable us to offer our readers a better experience with more features and information as we move through this investment.
I would like to thank all of our loyal readers and supporters as I never dreamed that this site was going to go where its gone... Thanks to all!
Stay tuned here as well as the new addresses for the upcoming move progress!
DinarCentral
I have been contemplating this for some time now and have finally made my decision. I am slowly migrating this site over to dinarcentral.wordpress.com and you will also be able to just use the domain dinarcentralblog.com over the next few days and weeks. Be sure to check here as well as the new address(es) frequently.
This change is due to the highly increased volume and popularity of this blog DinarCentral. This change will enable us to offer our readers a better experience with more features and information as we move through this investment.
I would like to thank all of our loyal readers and supporters as I never dreamed that this site was going to go where its gone... Thanks to all!
Stay tuned here as well as the new addresses for the upcoming move progress!
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Friday, September 30, 2011
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Www.dinarcentralblog.com
We also now have Twitter account @dinarcentral
AND a FaceBook friends and FAN Page
We also now have Twitter account @dinarcentral
AND a FaceBook friends and FAN Page
Monday, September 26, 2011
THIS SITE HAS MOVED! (REPOST)
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This change is due to the highly increased volume and popularity of this blog DinarCentral. This change will enable us to offer our readers a better experience with more features and information as we move through this investment.
I would like to thank all of our loyal readers and supporters as I never dreamed that this site was going to go where its gone... Thanks to all!
Stay tuned here as well as the new addresses for the upcoming move progress!
DinarCentral
I have been contemplating this for some time now and have finally made my decision. I am slowly migrating this site over to dinarcentral.wordpress.com and you will also be able to just use the domain dinarcentralblog.com over the next few days and weeks. Be sure to check here as well as the new address(es) frequently.
This change is due to the highly increased volume and popularity of this blog DinarCentral. This change will enable us to offer our readers a better experience with more features and information as we move through this investment.
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Sunday, September 25, 2011
Monday, September 19, 2011
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This change is due to the highly increased volume and popularity of this blog DinarCentral. This change will enable us to offer our readers a better experience with more features and information as we move through this investment.
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Stay tuned here as well as the new addresses for the upcoming move progress!
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I have been contemplating this for some time now and have finally made my decision. I am slowly migrating this site over to dinarcentral.wordpress.com and you will also be able to just use the domain dinarcentralblog.com over the next few days and weeks. Be sure to check here as well as the new address(es) frequently.
This change is due to the highly increased volume and popularity of this blog DinarCentral. This change will enable us to offer our readers a better experience with more features and information as we move through this investment.
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Sunday, September 18, 2011
REPOST This site has moved...
REPOST: Moving this site soon...
Hello all!
I have been contemplating this for some time now and have finally made my decision. I am slowly migrating this site over to dinarcentral.wordpress.com and you will also be able to just use the domain dinarcentralblog.com over the next few days and weeks. Be sure to check here as well as the new address(es) frequently.
This change is due to the highly increased volume and popularity of this blog DinarCentral. This change will enable us to offer our readers a better experience with more features and information as we move through this investment.
I would like to thank all of our loyal readers and supporters as I never dreamed that this site was going to go where its gone... Thanks to all!
Stay tuned here as well as the new addresses for the upcoming move progress!
DinarCentral
I have been contemplating this for some time now and have finally made my decision. I am slowly migrating this site over to dinarcentral.wordpress.com and you will also be able to just use the domain dinarcentralblog.com over the next few days and weeks. Be sure to check here as well as the new address(es) frequently.
This change is due to the highly increased volume and popularity of this blog DinarCentral. This change will enable us to offer our readers a better experience with more features and information as we move through this investment.
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Enoch8 breaks down an article "failure of the Iraqi economy is due to administrative chaos" Sept 18 from OneDinar
Enoch is talking about this article:
http://translate.goo...8-10-12-05.html
Economic parliamentary: failure of the Iraqi economy is due to administrative chaos
Twilight News / The Commission on the economy and investment in the House of Representatives, Sunday, that the most important reasons for "failure" of the Iraqi economy back to "administrative chaos", warning that the continuation of this mess will push the economy into serious decline.
A member of the parliamentary Economic Committee Nahida Daini's "Twilight News" that "the most important reasons for failure of the Iraqi economy back to the administrative chaos that pervades all the ministries that have a link in economic affairs."
It is said that an adviser to Prime Minister for Economic Affairs Abdullah Hussein Al-Anbuge had called earlier, to rearrange the economic file format, which provides payment of the economic wheel with increased frequency away from the confusion that prevails in the Iraqi economy currently, indicating that the file of the Iraqi economy is going now hands non-economic and can not promote him to the level of it in a good position.
Dani explained that "there are many ministers and ministries are running is not their specialty, and there are many managers do not have sufficient experience and some of them come out in recent years, and got the job through the quota system."
Daini and warned that "the continuation of the administrative chaos will push the economy into serious decline."
Download Economists all Iraqi political responsibility of the deterioration of the Iraqi economy after 2003, argued that the political orientation and visions are not clear to successive governments in Iraq after 2003 led to economic recession and the deterioration of industry and agriculture, and the lack of clarity of vision as a result of political chaos and social and economic led to a administrative and financial corruption.
-------------------------------------------------------------------------------------------------------------------------------
Enoch s response
Re: !% Adviser to the Prime Minister for Economic Affairs Calls to Rearrange the File of the Iraqi Economy %!
Post Enoch8 Today at 1:41 pm
Looks like the overall sense of this, might be simply put, that the economy and inflation has nothing to do with the amount of Dinars in circulation, put that dollarization and the peg to an inflating USD is largely the problem.
One main point is to consider.... at 1170 with 30 Trillion IQD (as reported by CBI), that is only about $26 Billion Dollars worth of currency.
Iraq possesses, (according to their own records and IMF), only about 20% of that total, roughly speaking, about 7 Trillion IQD and about 23 Trillion is not held by or even own by Iraqis..... and about 80% of their economy is based on USD and other currencies.
It was reported by CBI , that this practice is costing about 8% of the GDP, due to a non recognized National Currency..... largely caused by the costs to convert to other currencies..... and that might not include additional accounting inconveniences, due to the low value and number of zeros.
It is obvious, that there are 4 main things that need to happen to solve this problem.
1. The Currency has to be tradable internationally, so the costs of import and exporting non oil goods is not draining 8% of the GDP, which is inflationary, all by itself.
2. GOI policies that were based on 'Nationalization' and Government Regulatory practices of the former regime, that are oppressive to the private sector.... meaning the Revolutionary Command Counsel Laws..... must be repealed.... (which they are actively doing, BTW).
3. The prices of goods must be decreased and the National Currency value must be increased.
4. The use of USD and Euro internally, in the markets, is inflationary and is currency manipulation, which all by itself holds the people in poverty.
Now..... here are the problems to solve.
The Basis years of Iraq, are represented by the last fair representation of an average Iraq economy, according to the Ministry of Planning Feasibility Studies..... was 1988..... which is a fair assessment of the last year of a healthy economy, before the Saddam restrictions destroyed the economy.
This year seems to reflect the health of the economy, in the prior years.
In those years, the amount of IQD in circulation was about 25 Billion IQD and the country held most of that, value in either IQD or Petro Dollar wealth.
The Rate was $3.22 against the USD and the overall value of the Money Base, was about $80 Billion US.
Oil was only about $15 Per Barrel.
Today, there are 30 Trillion IQD and even IF Iraq held all of that and dedollarized, the value of the Money Base, at 1170 IQD per 1 US, is only about $26 Billion US.
That is only about 30% of the value of the Money Base of 1988, while the price of a barrel of oil is about $90 Per Barrel, (6 times higher than the prices of 1988.)
Note: The Inflation index from that day is shown by MOP and CBI to be about 630%, so the cost of oil is a very good representation of this number..... which is 600%..... only 30% difference.
The population has increased in that time, by about 35%.
So..... here is a way to add up what the actual Money Base would have to be valued at, today, compared to the $80 Billion US value of IQD in 1988, just to maintain the status quo of those days.
Here is how you figure it.
$80 Billion x 1.35 reflects the population increase and therefore demand:
That is $108 Billion US value of needed IQD.
$108 Billion x 630% (108 x 6.3) = $680.4 Billion USD value of the IQD Money Base.
There are only $26 Billion in existence, at 1170, so divide 680.4 by 26 = 26.167.
That means, simply put, that even without considering the fact that there is currently about 2 to 5 times the world demand on IQD (even as an exotic currency), that there was back then..... and the fact that if Iraq is able to hold a sustainable value, there would be many times that demand in the combined factors of demand, by Forex, International Treasuries and Corporations, to hold as Internationa Reserve Currency..... and estimates of that could be 5 to 10 times the current demand.
OK..... let me simplify this a bit.
If they were to simply Redenominate (IE LOP), they would only have a value of 30 Billion IQD at .86, which is only about a $26 Billion US, in IQD Money Money Base value, which is 26.167 times under value, (without factoring additional international demand of as much as 10 to 50 times that demand.
What this shows, is that just in Iraq alone, the demand (just to maintain the status quo), is to have 26.167 times the current value or 26.167 times the amount of currency in circulation..... in Iraq..... not including international demand.
So..... here is a perfect example of what this shows us.
Let us say they do what Turkey, France, Venezuela or Nigeria did.... and just Redenominate.
They would have to either print up 26.167 times as many notes in smaller denominations.... (which is totally absurd...), or they would have to also revalue 30 Billion IQD to 26.167 times the rate of (.00086 x 1000) = $.86 and times that by 26.167 as the exchange rate.
That is $22.50 US per 1 Iraq Dinar.
Now that is just preposterous.
That would still only meet the needs of only Iraq..... not considering international demand added....and still only to meet the status quo of today's existing levels of poverty.
That is just absurd to even consider as being viable..... because without a policy change.... they would suffer continued dollarization, multi currency practices.... and the identical inflationary pressures.... as they have now, without solving a thing..... and would have to do it all over again in 10 years.
Now..... here is one other thing I did not mention. Iraqi average incomes are only about 10 to 20% of their closest neighbors and competitive oil producing nations...... so let us continue this to show what the viable alternative would be to Redenomination.
So far we have shown that just Iraq.... to maintain a level of $4000 per year income averages, would need to have a Monetary Base in IQD value, of roughly $680 Billion which is 26.167 times larger than what exists now.
BUT!!!
Consider that very conservatively, the average Iraqi income would increase to just double in the next 3 to 5 years.
That creates a demand of 1.26 Trillion IQD valued at just $1.00 US.
We have already established, that there is already a demand in the world markets of 5 times that, (even before it is even an international reserve currency.)
That tells us, that there would be a need to have about 6.3 Trillion IQD, currently, if the Value was only $1.00 US.
If it RVs..... we also know.... the goal is to become an international reserve currency.... which would place additional demands of as much as 5 to 10 times that.
Since we are sticking with the conservative numbers.... let's use the smaller number.
6.3 x 5 times additional demand..... = 31.5 Trillion IQD valued at just $1.00 per IQD.
Now.... watch!!!
What was the latest numbers CBI has been reporting, exists in IQD in circulation?
Some have said 30 Trillion and others said about 31 Trillion. CBI is projecting, there would need to be 70 Trillion IQD at the current Exchange Rate within the next 3 to 5 years if nothing is done.
So...... are you getting this? Do you see what this is showing?
You are not getting the full picture from CBI, GOI or the media.
They for a 100% certainty, cannot Redenominate. without increasing the value at least 1000 times.... and would still have to have the existing amount of dinar in circulation..... even at $1.00 .
Do you see?
The economists are basically saying, there is more to it, than simply removal of zeros. That would destroy the economy if they did not replace every single dinar removed from circulation, with another.
Get it? yes
One added thought..... because obviously 30 Trillion IQD at 1.00 or more.... would also have to be (in effect) paid for.... with some form of tangible asset.
Since there ar no where near those kind of Liquid Assets to cover this, think on terms of Monetization of Non- Liquid assets..... through the use of more than just Treasuries..... but in forms of other than 'Promisary Notes'..... think on terms of UN..... UCC..... Bazil III supported Bills of Exchange, to make tangible, $15 Trillion worth of Proven Oil Reserves...... 505 Billion of known oil reserves, not listed..... Natural Gas..... Sulfur..... Minerals..... water resources and agricultural.....not to mention but only a few of an estimated $70 some Trillion Dollars worth of net non liquid asset wealth.
Then consider, how GOI and CBI would cover all the IQD being held internationally as Reserve Currencies....or buy them back and add them tho their own Liquid Reserves.
And we still are not even talking about forex or future bank lending programs.... etc. etc. and what stocks and futures are going to be worth.
http://onedinar.foru...i-economy#85174
http://translate.goo...8-10-12-05.html
Economic parliamentary: failure of the Iraqi economy is due to administrative chaos
Twilight News / The Commission on the economy and investment in the House of Representatives, Sunday, that the most important reasons for "failure" of the Iraqi economy back to "administrative chaos", warning that the continuation of this mess will push the economy into serious decline.
A member of the parliamentary Economic Committee Nahida Daini's "Twilight News" that "the most important reasons for failure of the Iraqi economy back to the administrative chaos that pervades all the ministries that have a link in economic affairs."
It is said that an adviser to Prime Minister for Economic Affairs Abdullah Hussein Al-Anbuge had called earlier, to rearrange the economic file format, which provides payment of the economic wheel with increased frequency away from the confusion that prevails in the Iraqi economy currently, indicating that the file of the Iraqi economy is going now hands non-economic and can not promote him to the level of it in a good position.
Dani explained that "there are many ministers and ministries are running is not their specialty, and there are many managers do not have sufficient experience and some of them come out in recent years, and got the job through the quota system."
Daini and warned that "the continuation of the administrative chaos will push the economy into serious decline."
Download Economists all Iraqi political responsibility of the deterioration of the Iraqi economy after 2003, argued that the political orientation and visions are not clear to successive governments in Iraq after 2003 led to economic recession and the deterioration of industry and agriculture, and the lack of clarity of vision as a result of political chaos and social and economic led to a administrative and financial corruption.
-------------------------------------------------------------------------------------------------------------------------------
Enoch s response
Re: !% Adviser to the Prime Minister for Economic Affairs Calls to Rearrange the File of the Iraqi Economy %!
Post Enoch8 Today at 1:41 pm
Looks like the overall sense of this, might be simply put, that the economy and inflation has nothing to do with the amount of Dinars in circulation, put that dollarization and the peg to an inflating USD is largely the problem.
One main point is to consider.... at 1170 with 30 Trillion IQD (as reported by CBI), that is only about $26 Billion Dollars worth of currency.
Iraq possesses, (according to their own records and IMF), only about 20% of that total, roughly speaking, about 7 Trillion IQD and about 23 Trillion is not held by or even own by Iraqis..... and about 80% of their economy is based on USD and other currencies.
It was reported by CBI , that this practice is costing about 8% of the GDP, due to a non recognized National Currency..... largely caused by the costs to convert to other currencies..... and that might not include additional accounting inconveniences, due to the low value and number of zeros.
It is obvious, that there are 4 main things that need to happen to solve this problem.
1. The Currency has to be tradable internationally, so the costs of import and exporting non oil goods is not draining 8% of the GDP, which is inflationary, all by itself.
2. GOI policies that were based on 'Nationalization' and Government Regulatory practices of the former regime, that are oppressive to the private sector.... meaning the Revolutionary Command Counsel Laws..... must be repealed.... (which they are actively doing, BTW).
3. The prices of goods must be decreased and the National Currency value must be increased.
4. The use of USD and Euro internally, in the markets, is inflationary and is currency manipulation, which all by itself holds the people in poverty.
Now..... here are the problems to solve.
The Basis years of Iraq, are represented by the last fair representation of an average Iraq economy, according to the Ministry of Planning Feasibility Studies..... was 1988..... which is a fair assessment of the last year of a healthy economy, before the Saddam restrictions destroyed the economy.
This year seems to reflect the health of the economy, in the prior years.
In those years, the amount of IQD in circulation was about 25 Billion IQD and the country held most of that, value in either IQD or Petro Dollar wealth.
The Rate was $3.22 against the USD and the overall value of the Money Base, was about $80 Billion US.
Oil was only about $15 Per Barrel.
Today, there are 30 Trillion IQD and even IF Iraq held all of that and dedollarized, the value of the Money Base, at 1170 IQD per 1 US, is only about $26 Billion US.
That is only about 30% of the value of the Money Base of 1988, while the price of a barrel of oil is about $90 Per Barrel, (6 times higher than the prices of 1988.)
Note: The Inflation index from that day is shown by MOP and CBI to be about 630%, so the cost of oil is a very good representation of this number..... which is 600%..... only 30% difference.
The population has increased in that time, by about 35%.
So..... here is a way to add up what the actual Money Base would have to be valued at, today, compared to the $80 Billion US value of IQD in 1988, just to maintain the status quo of those days.
Here is how you figure it.
$80 Billion x 1.35 reflects the population increase and therefore demand:
That is $108 Billion US value of needed IQD.
$108 Billion x 630% (108 x 6.3) = $680.4 Billion USD value of the IQD Money Base.
There are only $26 Billion in existence, at 1170, so divide 680.4 by 26 = 26.167.
That means, simply put, that even without considering the fact that there is currently about 2 to 5 times the world demand on IQD (even as an exotic currency), that there was back then..... and the fact that if Iraq is able to hold a sustainable value, there would be many times that demand in the combined factors of demand, by Forex, International Treasuries and Corporations, to hold as Internationa Reserve Currency..... and estimates of that could be 5 to 10 times the current demand.
OK..... let me simplify this a bit.
If they were to simply Redenominate (IE LOP), they would only have a value of 30 Billion IQD at .86, which is only about a $26 Billion US, in IQD Money Money Base value, which is 26.167 times under value, (without factoring additional international demand of as much as 10 to 50 times that demand.
What this shows, is that just in Iraq alone, the demand (just to maintain the status quo), is to have 26.167 times the current value or 26.167 times the amount of currency in circulation..... in Iraq..... not including international demand.
So..... here is a perfect example of what this shows us.
Let us say they do what Turkey, France, Venezuela or Nigeria did.... and just Redenominate.
They would have to either print up 26.167 times as many notes in smaller denominations.... (which is totally absurd...), or they would have to also revalue 30 Billion IQD to 26.167 times the rate of (.00086 x 1000) = $.86 and times that by 26.167 as the exchange rate.
That is $22.50 US per 1 Iraq Dinar.
Now that is just preposterous.
That would still only meet the needs of only Iraq..... not considering international demand added....and still only to meet the status quo of today's existing levels of poverty.
That is just absurd to even consider as being viable..... because without a policy change.... they would suffer continued dollarization, multi currency practices.... and the identical inflationary pressures.... as they have now, without solving a thing..... and would have to do it all over again in 10 years.
Now..... here is one other thing I did not mention. Iraqi average incomes are only about 10 to 20% of their closest neighbors and competitive oil producing nations...... so let us continue this to show what the viable alternative would be to Redenomination.
So far we have shown that just Iraq.... to maintain a level of $4000 per year income averages, would need to have a Monetary Base in IQD value, of roughly $680 Billion which is 26.167 times larger than what exists now.
BUT!!!
Consider that very conservatively, the average Iraqi income would increase to just double in the next 3 to 5 years.
That creates a demand of 1.26 Trillion IQD valued at just $1.00 US.
We have already established, that there is already a demand in the world markets of 5 times that, (even before it is even an international reserve currency.)
That tells us, that there would be a need to have about 6.3 Trillion IQD, currently, if the Value was only $1.00 US.
If it RVs..... we also know.... the goal is to become an international reserve currency.... which would place additional demands of as much as 5 to 10 times that.
Since we are sticking with the conservative numbers.... let's use the smaller number.
6.3 x 5 times additional demand..... = 31.5 Trillion IQD valued at just $1.00 per IQD.
Now.... watch!!!
What was the latest numbers CBI has been reporting, exists in IQD in circulation?
Some have said 30 Trillion and others said about 31 Trillion. CBI is projecting, there would need to be 70 Trillion IQD at the current Exchange Rate within the next 3 to 5 years if nothing is done.
So...... are you getting this? Do you see what this is showing?
You are not getting the full picture from CBI, GOI or the media.
They for a 100% certainty, cannot Redenominate. without increasing the value at least 1000 times.... and would still have to have the existing amount of dinar in circulation..... even at $1.00 .
Do you see?
The economists are basically saying, there is more to it, than simply removal of zeros. That would destroy the economy if they did not replace every single dinar removed from circulation, with another.
Get it? yes
One added thought..... because obviously 30 Trillion IQD at 1.00 or more.... would also have to be (in effect) paid for.... with some form of tangible asset.
Since there ar no where near those kind of Liquid Assets to cover this, think on terms of Monetization of Non- Liquid assets..... through the use of more than just Treasuries..... but in forms of other than 'Promisary Notes'..... think on terms of UN..... UCC..... Bazil III supported Bills of Exchange, to make tangible, $15 Trillion worth of Proven Oil Reserves...... 505 Billion of known oil reserves, not listed..... Natural Gas..... Sulfur..... Minerals..... water resources and agricultural.....not to mention but only a few of an estimated $70 some Trillion Dollars worth of net non liquid asset wealth.
Then consider, how GOI and CBI would cover all the IQD being held internationally as Reserve Currencies....or buy them back and add them tho their own Liquid Reserves.
And we still are not even talking about forex or future bank lending programs.... etc. etc. and what stocks and futures are going to be worth.
http://onedinar.foru...i-economy#85174
Bondlady's Chat 9-18-11
[BondLady] ok lets get started
[BondLady] after posting 70 articles today
[BondLady] we have a lot to go over
[BondLady] mainly involving a lot of reading
[BondLady] but its good for ya *Laugh out Loud*
[BondLady] Economic reason to activate the action tariff alkmerket and specialist traders leave Date: Sunday 18-09-11 11: 18 am Baghdad (newsletter). The Economist said on behalf of the beautiful, that causes disruption of the Iraqi economy is due to the lack of clear strategic plans and frequent indiscriminate importation of the goods of others disciplined, calling for the need to activate the work and give alkmerket tariff specialist holidays for Iraqi businessmen. Beautifully reporter (News Agency news) Sunday: the disruption of the economy resulting from the lack of clear strategic plans import random others disciplined, so put non-conforming goods to specifications and consumer and non-productive and this creates chaos in the Iraqi economy.
[BondLady] And invited the Government to activate the work beautiful tariff alkmerket for goods entering the country, stressing the entry materials of all kinds of global production companies known to benefit citizens, and give specialist holidays for traders to regulate the import operation is not allowed to import food dealer medicines and vice versa. Economic expert stressed the need for accurate census by the Ministry of planning required by the needs of the citizen and the amount consumed in quantity, and continued there are currently no import permits and the quantity imported causing conflict and this leads to a big mess in the economy. This House voted in June to alkmerket tariff law and was for a period, and as a result of higher prices, the Government decided to postpone the legislation early next year./finished/8 n. y.. http://www.microsoft...view_20509.html
[BondLady] ok this tax article
[BondLady] its talking about getting more imports in and giving them special prices to get the products in
and the kind of products that fit the peoples needs
[BondLady] because of this like what happened to them at ramadan which caused huge inflation spikes
[BondLady] they need to do some regulating to keep the merchants from being so greedy at the expense of the poor people who had to buy things
[BondLady] ok let me go grab the next one
[BondLady] but
[BondLady] before i do
[BondLady] the WTO and the world bank
[BondLady] both have told iraq they need to do the tariff taxes
[BondLady] it supports the state and the economy
[BondLady] also helping with infrastructure projects an maintenance of them roads, bridges etc gov .salaries
[BondLady] like taxes here for us and what they support
[BondLady] ok let me go find the next 1
[BondLady] Attorney Al-yasseri: Iraq suffers from accumulating the money supply.Warns of counterfeit currency during delete zeros Date: Sunday 18-09-11 10: 49 am Baghdad (newsletter).He is a member of the Finance Committee and the National Alliance Deputy//Abdul Hussein Al-yasseri, a delete zeros from the currency will impact negatively on the Iraqi economy if it is carefully studied by specialists in financial and monetary matters, saying that the money supply would remain unchanged, the value of deleting zeros. He added Al-yasseri (News News Agency) Sunday: draft delete zeros or the so-called monetary reform would be a negative impact on the Iraqi economy if it is being studied by experts and specialists in financial and monetary matters and to know its effectiveness and how to get rid of the money supply, saying that the money supply would remain unchanged, no value to deleting zeros from the currency project.
[BondLady] Al-yasseri said that Iraq suffers from accumulating the money supply that arrives (3) trillion dinars, likely that accompany the process of deleting zeros set of problems, most notably between the creditor and the debtor when the other one million paid by him to 1,000 dinars, then does not satisfy, and continued: forgeries also contribute to this project as in (2004) when switching the currency broke with many problems, he said the Central Bank to carefully in this project and not speed up the application, And the need to explain in detail and put the results to the economic and credible Iraqi citizen. Finance Committee member commented on statements by Prime Minister Counsellor for Economic Affairs Abdullah al-Husayn Al-Anbuge, who warned that the process of money laundering, during the process of replacing the currency and delete zeros by saying: I don't think that size speaking counsel about corruption and money laundering where very extremist against this process (in his words), indicating to him that each group face risks must be the Central Bank to clarify his view to queries posed by economists so we can Get the full conviction that this project will serve the Iraqi economy./finished/8 y. n/... http://www.microsoft...view_20502.html
[BondLady] see this line
[BondLady] Al-yasseri said that Iraq suffers from accumulating the money supply that arrives (3) trillion dinars, likely that accompany the process of deleting zeros
[BondLady] 3 trillion
[BondLady] likely that accompany the process of deleting zeros
[BondLady] so is this saying they’ve printed up 3 trillion lower denominations?
[BondLady] and that there worried about crooks coming in with a huge amount of paper to rip off the merchants with
[BondLady] because we’ve already seen in articles from like a month ago
[BondLady] how these crooks already knew because of shabibis efforts to tell the people what the ld's would look like
[BondLady] and have the 3 languages on them
[BondLady] the crooks already made there own ld's an would wait till merchants or gas station attendants had long lines an they couldn’t check the money very good
[BondLady] so the merchants knew also the ld's were coming
[BondLady] but they hadn’t seen them yet
[BondLady] so they took the counterfeit thinking they had been released
[BondLady] this should have in itself speeded up the things from the cbi
[BondLady] that was in june when those arts came out
[BondLady] but the cbi was slow played by bickering politicians who dont seem to have any thing better to do than to watch there economy an country go down
[BondLady] but still shabibi worked on it
[BondLady] let me go get the next one
[BondLady] brb
[BondLady] Economist: inflation and taxes than deal with Visa card. And instruments limited Date: Sunday 18-09-11 10: 55 pm Baghdad (newsletter).Economic expert considered Salam smism difficulty taxing wealth to reduce the deficit and reduce inflation in Iraq, because of market crises such as unemployment. She said samim (News Agency for children) Sunday: taxation may recession adversely affect inflation, Government advocate to withdraw cash from the market and provide Visa card walkridt card and instruments. Smism explained that the financial authorities, tax Department possesses can reduce inflation and alleviate disability as an instrument of public revenues is a key element of its components, and followed up, when you want the State to reduce import tax, but Iraq cannot impose taxes to deal with inflation and that there are crises and problems such as unemployment coincides with "", in the case of taxation will economic recession adversely affected by inflation. "
[BondLady] Smism invited government loan relief because it will increase the availability of funds in the market and by reducing the monetization and use instruments & visas card wekridt card, these are things that reduce inflation ". This was count Economist Ahmed abrihi in the earlier statement (News News Agency): to achieve control over inflation (5%) 2012 place only by taking two directions, one to increase the supply of goods and services and to restrict government spending as soon as the offer. Abrihi said: "can control inflation as Finance Ministry was able to avoid inflationary pressures through followed two directions, one to increase the supply of goods and services and to restrict government spending so it can display." Abrihi said: "that controlling inflation begins by controlling aggregate demand and improving supply, so that the total aggregate demand is on the extent to which the goods and services are available in Iraq, noting that the role of the Ministry of Finance directing Government expenditure until the laitgaz view. The annual inflation rate in Iraq to (7.1%) In July (6.4%) In June, driven primarily by rising rents of houses, "./finished/12 http://www.microsoft...ew%26id%3D20531
[BondLady] this is a great article
[BondLady] its talking about several things
[BondLady] taxes again
[BondLady] saying how at this time it would be hard to tax the people the way there economy is right now
[BondLady] and they could have used these tariffs to combat inflation
[BondLady] but they cant do that to the people right now
[BondLady] with an exchange rate of 1170 basically
[BondLady] but they do say how the taxes would help the economy a lot if the government wouldn’t spend or steal all of the money brought in by these taxes
[BondLady] then they go on to talk about e money
[BondLady] visa cards an other forms of debit an credit cards
[BondLady] how these will also support the fragile economy and also cut down of thieves stealing from the people
[BondLady] put it on a card an u have less of that
[BondLady] also it would cut down on the currency also in the markets
[BondLady] and thats what the cbi is trying to do remove the 000 from the markets while at the same time support the economy , banking sector and the private sector
[BondLady] so putting this program in place is a really good step for them and the people will have to carry less money and have less fears of being robbed
[BondLady] and this also would help curb inflation as there goal for 2012 is to keep inflation around 5% something it sure isnt right now
[BondLady] ok let me go grab the next one brb
[BondLady] Parliament calls for the creation of laws governing electronic trade in Iraq Date: Sunday 18-09-11 10: 44 pm Baghdad (newsletter). He is a member of the Commission services and the reconstruction of the Parliament and the National Alliance Deputy//Ihsan Al-Awadi, the need for laws regulating e-commerce work in Iraq, stressing that Iraqi ministries are unable to apply the principle of e-Government in their constituencies. He said Al-Awadi told the reporter (News Agency news) Sunday: there should be laws governing commerce and control organs prohibited for the purpose of combating piracy and electronic breaches that lead to great danger to citizens and the State. Al-Awadi said: that the topic fell within the working draft of e-Government and ministries that are still unable to applied in services as a result of lack of knowledge and a thorough understanding of this technology. And invited the Government to find Al Awadi, mechanisms and methods appropriate to revive Commerce and which is considered vital to the world's paragraph, but to say but the current situation in Iraq is still too early and takes time to bring it into line with developments in the world.
[BondLady] He said Al-Awadi was the first reading of the topic electronic signature and adoption by global corporations and the Government of Iraq, saying such a step to good although they come too late. He is a member of the Commission services and reconstruction in Parliament that the Ministry of planning a global companies contracted to audit and examine relevant equipment on the border, indicating that this company is starting to take its oversight through a short period in the past failing to allow the entry of prohibited electronic devices such as eavesdropping or spying devices or cameras are prohibited as well as shoddy appliances and others conforming that what hurts a lot to the Iraqi economy./finished/8 n. y..http://www.microsoft...ew%26id%3D20529
[BondLady] this is pretty much saying a lot of what i had just said prior to this article
[BondLady] that they need to get this law done asap
[BondLady] and for the safety of the people an the merchants
[BondLady] from thieves an counterfeiters
[BondLady] so its good to see all these things headlining the news today
[BondLady] they are a must for Iraq
[BondLady] which is so corrupt from the top to the bottom
[BondLady] so this is a really good thing an makes it a less cash society like it is now and will cut down on a lot of big shots taking bribes and such e trading is where its at and there also encouraging the people to trust in the banks and the banking system
[BondLady] to show them they can have plastic money and they will be safer for using it
[BondLady] ill brb gonna go try to find the next 1
[BondLady] Postpone work to keep Iraq's economy by lame and a viable market for goods bad .. Resan: neighboring countries and the pressure behind the postponement of customs tariff law Author: the future of Iraq 18/9/2011 0:00 Baghdad / Iraqi future revealed to the economy and investment representative for the presence of pressure from the governments of neighboring countries contributed to the postponement of the law of customs tariff and attributed that to it is the sole beneficiary of the non-application of this law. A member of the Committee Deputy Abdul Hussein Resan: The application of this law will result set benefits, but he also said at the same time is not without drawbacks. He Husseini: The postponement of the law and not applied to keep Iraq's economy is lame and a viable market for goods bad, causing obstruction of industry and agriculture LAN's after the cessation of hundreds of laboratories and factories after 2003, noting that Iraq a signatory to the Convention on Customs in Brussels of the United Nations issued a law of customs tariff number (77) of 1955 in force until 2004 when it was canceled by the head of the Government of CPA, Paul Bremer, No. (9354) and replaced by the fees the reconstruction of Iraq, noting that this led to stop dozens of industrial plants and still lose the facilities for the same reason, and materials available on the market, mostly anonymous. Husseini said that there is to use the policy of flooding the Iraqi market for the elimination of Iraq's industry with the knowledge that the average fee starts from exempt to 20% and the proportion of fees on food is 0.1% meaning it does not have much impact on prices,
[BondLady] stressing that the imposition of this law encourages the private sector to absorb unemployment, as the statistics the ILO for the operation and the World Bank for ages confirm the operation of more than 60% of the workforce from the private sector, and that these statistics confirm that the plants small and medium-produced 7080% of industrial production in more advanced countries. Revealed a member of the economic and investment commission for the postponement of this law is the result of pressure from the governments of neighboring countries because it is the sole beneficiary of the non-application of this law, called al-Husseini the government to the need to apply the system of quality control and start a law customs tariff, refusing to postpone work with him again. The prime minister, announced on 24 July last, near the application of tax law and customs tariff to include primarily the goods and imported goods, which can be manufactured locally, as indicated to the exclusion of goods and goods in direct contact with the lives of citizens. The Government announced in the 21 of February, they decided to suspend a law increasing taxes on goods and imported goods, which was expected to apply early last March, and noted that the law will be suspended until further notice. And the Government has already issued, the end of the month of January, a decision to apply the system of customs tariffs on imported goods, starting from the month of February, as he emphasized the Legal Adviser to Prime Minister Nuri al-Maliki, that the government may slow down implementation of the resolution, fearing higher prices in local markets, He explained that the decision needs to be legislation by the Council of Representatives. http://www.almustakb...ow.aspx?ID=9568
[BondLady] so we see the taxes more here
[BondLady] and how not allowing the tariff taxes right now is causing them to go backwards in industry and economics instead of growing and moving forward
[BondLady] when a lot of the products
[BondLady] could be made at home instead of being imported
[BondLady] so important to build up there private section
[BondLady] they had so many factories and businesses but the government owned most of them
[BondLady] and they’d rather put the money into there pockets than into the economy
[BondLady] as all of these things imported has greased the hands of many in Iraq
[BondLady] from docking at the docks to government
[BondLady] they all took bribes
[BondLady] when they could have had these taxes going
[BondLady] and letting them support the economy and get these factories up an running dairies an agriculture
[BondLady] the pocketed the money instead
[BondLady] leaving the citizens to basically fend for themselves the best they could
[BondLady] and with imports come higher prices
[BondLady] these taxes would help support every thing and be able to put the people back to work thru government jobs and rebuilding
[BondLady] these taxes are very important especially to Iraq
[BondLady] ok brb with the next 1
[BondLady] Firm action in granting licenses for the establishment of private banks .. Expert calls for the government to facilitate and support the work of investment companies Author: the future of Iraq 18/9/2011 0:00 The future of Iraq / Sudan minimum The experience of private banks in Iraq's modern in its dealings banking and because of the wrong policies that were followed before, where the scaling of the private sector in the economic process by giving minor roles does not exceed some light industries, including banking sector, which was prior to 2003 monopolized the government banks only , while the note is the emergence of large and diverse number of private banks, including Islamic, including investment and trade, which led to these banks run their money through investment by the housing and the establishment of plants variety, (the future of Iraq) met with an expert banker to talk about the phenomenon of private banks and the role of economic development of the country. member of the Finance Committee in the House of Representatives MP Abdul Hussein al-Yasiri said that the banks in the Iraqi civil divided into three sections, the banks have a high potential, possible and banks are needed to support the third section of the banks is not suitable for the deposit, indicating that the first banks suitable for the deposit and the second serve that if the set Financial and other banks should be reviewed by, to put it is not appropriate.
[BondLady] The Yasiri: that there is an estimated 40 banks it is necessary to unify and integrate them, stressing that there are some of them merged and support by foreign banks and this type of integration to make it be to have the quantity, capacity and speed to absorb the work well and fast, and the World Bank had allocated $ 10 million to restructure the Iraqi banks and activate their dealings as the central bank announced the restructuring of Iraqi banks and it has been the extension of unit banks for a period of one year because of security concerns. Iraq had decided in early 2006 restructuring of the banks in order to get rid of the heavy debt, with the Iraqi Ministry of Finance announced a quest over the next year to develop an integrated plan for the development of banks and activating the financial relations in this aspect, and that the government is still limited in its financial transactions on the government banks approved by 85%, and called on the Ministry of Finance Central Bank of Iraq to take firm action in granting licenses for the establishment of private banks. As for the investment environment and capacity of government institutions at dissolving these difficulties Yasiri said: first to those who regard its investment it must support through the facilitation of existing capital by, confirming the absence of problems on land to investors, as Prime Minister Nuri al-Maliki and after obtaining the approval of the Council of Ministers to give land allocated for the establishment of residential communities to promote sector investors in the housing sector and move the economy, noting that the prices of industrial, agricultural, recreational and commercial will be the rates reduced or almost symbolic to encourage investment and the entry of investors in the various forums of the national economy.
[BondLady] He added, will be awarded to facilities many other investors, Vsttbak all exemptions contained in the Investment Law No. 13, as amended, relating to tax and customs tariff and the protection of legal and administrative environment, and continued Yasiri: that there is cooperation with the municipal districts and provinces to allocate land to them , and states that the Iraqi parliament approved in October 2006 investment law, but he did not give investors the right to ownership of the property the project, and equated the Iraqi investors and foreign investment in each concession, with the exception of real estate ownership, while giving foreign investors the right to lease land for 50 years, renewable for , the Council amended the House of Representatives on 13 October 2009, the Investment Law so that gave the right of the investor Iraqi and foreign ownership of land and property belonging to the state allowance determined in the accordance with special regulations, as well as giving them the right to own land and property belonging to the mixed and private sectors to establish housing projects exclusively. The member of the Finance Committee : it was supposed to receive the investing companies that enter the country well and work on the development of banks because it is the body that develop through them and that promote all business events and economic and investment fields. and annoyed Yasiri of front companies that enter the country, where he must make sure that gravity and the reputation and history company through the disclosure of potential financial and morale high and the potential of the process to avoid what happened in the Ministry of Electricity by signing with fake companies. http://www.almustakb...ow.aspx?ID=9573
[BondLady] see this goes back to all I have been saying up there
[BondLady] support the banks thru the private sector an from the people and big business who wish to help rebuild iraq and its economy
[BondLady] they dont want foreigners to own land
[BondLady] and the banks wouldn’t give guarantees to big businesses when they’d come to town to do major projects they wouldnt guarantee they would get paid for there work
[BondLady] so the world bank stepped in an said they would guarantee that in most big projects
[BondLady] i mean something had to give here cause the gov an parl sure wasnt doin what they needed to to get the ball rollin here
[BondLady] an iraq was losing literally billons and billons every month because they just cant seem to find there way out of a paper bag
[BondLady] to be so greedy that they cant seem to see what they need to do to make money
[BondLady] they have to spend money
[BondLady] and they dont wanna do that
[BondLady] they feel like there country is so rich u ought a pay them just to come in an do something for them
[BondLady] pretty ate up mentality actually
[BondLady] so big economic leaders and banks an wto and imf they have all stepped in to try to get this going
[BondLady] and they need to get the smaller banks up to par so they can also play there part in restoring iraq to its glory
[BondLady] ok let me go grab the next one
[BondLady] brb
[BondLady] Economic parliamentary: failure of the Iraqi economy is due to administrative chaos Sunday, September 18 / September 2011 13:08 Hits: 41 User Rating: / 0 PoorGood Twilight News / The Commission on the economy and investment in the House of Representatives, Sunday, that the most important reasons for "failure" of the Iraqi economy back to "administrative chaos", warning that the continuation of this mess will push the economy into serious decline. A member of the parliamentary Economic Committee Nahida Daini's " Twilight News "that" the most important reasons for failure of the Iraqi economy back to the administrative chaos that pervades all the ministries that have a link in economic affairs. " It is said that an adviser to Prime Minister for Economic Affairs Abdullah Hussein Al-Anbuge had called earlier, to rearrange the economic file format, which provides payment of the economic wheel with increased frequency away from the confusion that prevails in the Iraqi economy currently, indicating that the file of the Iraqi economy is going now hands non-economic and can not promote him to the level of it in a good position.
[BondLady] Dani explained that "there are many ministers and ministries are running is not their specialty, and there are many managers do not have sufficient experience and some of them come out in recent years, and got the job through the quota system." Daini and warned that "the continuation of the administrative chaos will push the economy into serious decline." Download Economists all Iraqi political responsibility of the deterioration of the Iraqi economy after 2003, argued that the political orientation and visions are not clear to successive governments in Iraq after 2003 led to economic recession and the deterioration of industry and agriculture, and the lack of clarity of vision as a result of political chaos and social and economic led to a administrative and financial corruption. http://www.shafaaq.c...8-10-12-05.html
[BondLady] pretty much all i touched on up there
[BondLady] its a bunch of political bs that keeps iraqs economy in a strangle hold
[BondLady] and from all of these articles they have out today and for the last 6 months
[BondLady] it shows it clearly the government and parliament is the biggest cause for things to not be better by far than what they are now
[BondLady] so in seeing all these arts today it tells us they are addressing all of these things
[BondLady] Iraq resumes work system crossing with Jordan and demanding activating "Orange Card" Sunday, September 18 / September 2011 10:44 Views: 274 User Rating: / 0 PoorGood Twilight News / source revealed, Sunday, on the agreement of Iraq and Jordan on the activation of the system crossing the Iraqi border crossings, as called for Baghdad to initiate the system of "Orange Card". The source said the " Twilight News "," The Joint Committee to facilitate transport and trade between Jordan and Iraq confirmed in a meeting yesterday in Amman, the importance of the railway link between the two countries, and implementation of the memorandum of understanding signed between the two sides as to link the railway is important to develop and facilitate the movement of transport and trade between the two countries. " . He added that "the Committee discussed a number of topics of the most important unifying visa fees for drivers of public transport and their assistants between the two countries, and the file of air transport in terms of increasing the number of flights and the removal of various constraints faced by the airlines in operation to and from the two countries."
[BondLady] Iraq had signed a memorandum of understanding with Jordan this month included the initial start the necessary procedures for the mutual recognition of certificates for products and goods between the two, which will start it next year. The source indicated that "Iraq demanded the restoration of the orange card, between the two countries, and a memorandum of understanding provided by the Jordanian side on the recognition of certificates of civil marine and facilitate the passage of Jordanian goods transit through Iraq." It is noteworthy that the card system, the Orange means by finding insurance card standard for all cars across the country through an international agreement to promote tourism and facilitate trade and movement of citizens in their cars on various types of other countries under a system of compensation for accidents caused by cars when crossing and walking in territory of the Member States. And the countries were part of the orange card system are: Jordan, UAE, Bahrain, Tunisia, Algeria, Sudan, Syria, Iraq, Oman, Palestine, Qatar, Kuwait, Lebanon, Libya, Egypt, Morocco and Yemen. MVA http://www.shafaaq.c...-------q-q.html
[BondLady] so this is a good thing also
[BondLady] as it connects the rail ways to surrounding countries so imports and exports will be easier and a lot faster than coming and going by sea and air
[BondLady] this will be much cheaper and it will really really help iraqs economy
[BondLady] not only in trade but people riding the trains too
[BondLady] so its a win win for iraq iffffffffffff
[BondLady] they can keep as shabibi has said government spending down and the crooks off the profits long enough for it to do iraq a lot of good
[BondLady] ok let me bring in the next one
[BondLady] CBI confirms the use of modern methods to support monetary policy in the country 09/18/2011 12:59Economyno comments Adviser to the Prime Minister for Economic Affairs Abdullah Hussein Al-Anbuge "Gate of Iraq" BAGHDAD - The Central Bank of Iraq, Sunday, he used the best means to support monetary policy and raise the level of development of the Iraqi economy. The Iraqi government has described the cross-chancellor of economic Abdul Hussein Al-Anbuge yesterday political central bank yesterday, Saturday, as deflationary and Atsem in support of economic development projects and to achieve real value of the Iraqi dinar. The Iraqi government is seeking to annex it independent bodies including the CBI claiming to reduce the differences between monetary policy and finance.
[BondLady] The deputy governor of the Central Bank of the appearance of Mohammed Saleh told the Kurdish news agency (Rn) that "the Iraqi Central Bank uses the best economic means to support monetary policy and raise the value of the Iraqi dinar and maintain the exchange rate and economic development desired by coordinating with fiscal policy of the government." He added that " the central bank has to coordinate with all government financial institutions and Ayaana of economic isolation as he runs monetary policy according to economic measures to prevent contraction of monetary policy. " He pointed out that "the central bank was able to develop a mechanism under the umbrella of the International Monetary Fund to tackle its debt finance and maintain the value of the Iraqi dinar" .
[BondLady] The central bank says it has succeeded in raising the level of economic development because of the stability of monetary policy as the unemployment rate dropped from 52% to 15% and the level of the poverty line from 54% to 23% and inflation declined overall level of 65% to 6% and higher output power of 3500 MW to 8000 MW The main tasks of the Iraqi Central Bank to maintain price stability and the implementation of monetary policy, including exchange rate policies, and management of reserves of foreign currency, and the issuance of currency management, as well as to regulate the banking sector .. http://www.albawwaba...economic/48319/
[BondLady] isnt shababy awesome
[BondLady] hes saying so the government thought my monetary policy was wrong
[BondLady] see look at all i did with my monetary policy
[BondLady] this goes back to shabibi saying to the people to trust him and the cbi as he never let them down before and wont now
[BondLady] and he says he is using modern means to support his monetary policy
[BondLady] like all the articles i have just shown u
[BondLady] banking
[BondLady] visa credit and debit cards
[BondLady] electronic trading
[BondLady] and that hes now ready to go to his next monetary policy
[BondLady] and work to bring in the lower denominations and give a new rate to there money which all of it supports the economy
[BondLady] unemployment and loans to small businesses
[BondLady] and with the taxes a lot of government projects in reconstruction
[BondLady] and it will also bring down inflation
[BondLady] shabibi knows the plan and how to do it
[BondLady] the government just needs to work on setting the government and let shabibi do what shabibi does and get the country back in order economically
[BondLady] brb with the next one
[BondLady] Central: able to manage economic development in Iraq if it failed to other institutions 09/17/2011 18:42Economy , Uncategorizedno comments Baghdad, "Iraqi gate" economics editor Deputy Central Bank Governor Dr Saleh said that the appearance of "the central bank is able to manage economic development in Iraq if they failed to other institutions of that." Saleh added, "The claim by some people on the failure of central bank policy in dealing with the monetary situation in Iraq, not only out of envy and malice on the success of the reform process achieved by the Central Bank during the past years", describing it as "just talk cheap," according to his opinion. It quoted "Alsumaria News" for the benefit on the sidelines of a seminar hosted by the Institute of economic reform, on Saturday, that "the Central Bank exercises its policy in coordination with fiscal policy and government agencies around the entire treatment indebtedness of Iraq's foreign, who arranged it signed agreements with the International Monetary Fund," explaining that " What he was talking about some work on the isolation of the central bank and Tbaeidh for other state institutions, is false and the evidence that everyone is still operating under the umbrella of the International Monetary Fund to deal with debts and loans obtained by Iraq. "
[BondLady] The World Bank has called on Iraq to conduct a number of economic reforms, including raising subsidies on oil derivatives, and the ration card against the cancellation of foreign debt, estimated at more than $ 120 billion. Saleh said, that "the central bank has achieved its objectives through the balance sheet and build large reserves supported the Iraqi dinar and created a stable him," pointing out that "the Iraqi dinar exchange rate has witnessed stable, as well as low inflation, the level of prices to the level of one decimal place." He continued that "the development policy of Iraq is not the responsibility of the Central Bank of Iraq, as well as with the establishment of projects, because it is the responsibility of fiscal policy," and wondered about "the ability of fiscal policy in building production plants or power stations or hospitals." It quoted "Alsumaria News" at the same meeting, Adviser to the Prime Minister for Economic Affairs, Abdullah Hussein Al-Anbuge, "The monetary policy of the Central Bank of Iraq in addressing the economic situation" wrong "because it should be adapted to other policies and development programs"
[BondLady] He added that "the central bank used a deflationary policy in the reform of the Iraqi currency, relying on monetary reform without economic" and that "the central bank should not address inflation alone to ensure the stability of the Iraqi currency and repair, but it must mean addressing economic recession and unemployment in Iraq because this would contribute to the development of the country economically. " The Anbuge that "the central bank does not coordinate policies with other economic system in the country to address the situation," noting that "there is a misunderstanding of the issue of independence by the bank." He said that "independence does not mean that decisions are never taken by the bank away from the interests of the economy, which is supposed to be ruling in that," he continued that "monetary policy should be adapted to other economic policies." It is noteworthy that this is not the first time that the attack on an adviser to the prime minister for economic affairs, Abdullah Hussein Al-Anbuge, the central bank, as it was considered in the twenty-fifth of August last, to raise zeros from the Iraqi currency is "the biggest corruption" in Iraq if it had been done in this period, pointing out that they fall under the rubric of "economic absurdity," warning "mafias currency" is preparing to rig the trillion Iraqi dinars to replace them in the light of the planned changes http://www.albawwaba...egorized/48177/
[BondLady] this is shabibi telling the goi off an telling it to butt out of cbi business
[BondLady] government control over every thing has proved to be the downfall of there economy
[BondLady] as it just sits an stagnates
[BondLady] shabibi doesnt procrastinate
[BondLady] he gets things done
[BondLady] and he has a huge amount of very smart and important people all over the world as u can see in this article to advise him
[BondLady] and shabibis record is untouchable
[BondLady] he knows what hes doing just let him do it an stop interfering
[BondLady] he wants to make there currency a proud currency again
[BondLady] and make a flourishing iraq again
[BondLady] and he will
[BondLady] cbi is independent of the government
[BondLady] but it doesnt stop the goi from throwing rocks at shabs an the cbi when they get a chance
[BondLady] shabibi wouldnt allow maliki to have any of the reserves
[BondLady] if he’d have spent all the money they had an spent it wisely on the projects like electricity just to name 1 then he would have extra money
[BondLady] to build the port fao or to fund the 2012 budget or to move the people associated with article 140
[BondLady] but he wasnt a good steward over iraqs finances
[BondLady] an shabibi will make sure maliki nor the gov or parl can get there hands on the reserves as that backs the lower denominations and the dinar in circulation
[BondLady] and the new exchange rate imo
[BondLady] ok let me go get the next one
[BondLady] brb
[BondLady] Abawi: Iraq will call for the respect of sovereignty and support out of Chapter VII in New York 18/09/2011 - 20:15 Baghdad / Justice , said Undersecretary of the Ministry of Foreign Affairs, Abawi, Iraq will call during his participation in United Nations meetings in New York to respect the sovereignty and support out of Chapter VII. The Abbawi that "Iraq will participate in meetings of the General Assembly of the United Nations at its sixty-sixth session in New York In the delegation headed by President Jalal Talabani, accompanied by Foreign Minister Hoshyar Zebari at the head of a delegation from his ministry, "without specifying a date to go delegation
[BondLady] He added that President Talabani," will address Iraq and include what we achieved and the tasks they are facing and put the political process, Iraq's external relations ", referring to the that Iraq "will invite the world to further solidarity with him in the economy, development and respect for its borders and sovereignty, and how to support its efforts to emerge from Chapter VII," unlikely to include the word threads Port Mubarak or Alqsfin Iranian and Turkish. and the complexity of the General Assembly of the United Nations in September of each year, a session in the presence of all members of the international organization's 192 members, and receive all the hearing her state, and then makes recommendations to other United Nations organs according to the jurisdiction of international security, such as the International Court of Justice and others.http://www.aladalane...rticle&id=84853
[BondLady] huge chance iraq will come out of chapter 7 at this meeting
[BondLady] very huge chance of it
[BondLady] all they have to do imo and from all the articles I’ve been reading lately
[BondLady] is leave kuwait alone and stop with all the stupid threats against there port mubarek
[BondLady] cant these dummies remember what put them into ch 7 to begin with?
[BondLady] they were a threat to Kuwait
[BondLady] what have they been doing
[BondLady] threatening Kuwait
[BondLady] sayin they were setting up rockets to bomb there ports an things
[BondLady] i mean how stupid can u get
[BondLady] even after the un and the imf and the usa and britain an many other countries
[BondLady] told Iraq ,kuwait has done nothing wrong
[BondLady] they are entitled to build there port
[BondLady] its on kuwait property
[BondLady] iraq is such a jealous country
[BondLady] afraid some 1's gonna get more than them
[BondLady] for 2 yrs iraqs been talking about building there own port fao
[BondLady] whats the hold up
[BondLady] the goi an parliament is
[BondLady] because instead of getting things done pass laws set the gov do what they should be doing and serve the people in there positions that the people voted them in to do because they thought they’d have a better life
[BondLady] what happened
[BondLady] the goi would rather fight and barter than get any real thing done
[BondLady] so kuwait goes on with there project
[BondLady] an all the gov an parliament have to do is just shut up
[BondLady] stop the threats
[BondLady] anyways
[BondLady] good chance if they do this
[BondLady] an im so glad its talabani heading for the un meeting
[BondLady] he does love iraq an the people
[BondLady] and it would be a awesome thing for iraq to come out of decades of sanctions
[BondLady] anyways i know this was long
[BondLady] hope u all leave feeling like u learned something today
[BondLady] and i hope ive been accurate and ty all for ur patience
[BondLady] drops the mic on campy an walks off
[BondLady] after posting 70 articles today
[BondLady] we have a lot to go over
[BondLady] mainly involving a lot of reading
[BondLady] but its good for ya *Laugh out Loud*
[BondLady] Economic reason to activate the action tariff alkmerket and specialist traders leave Date: Sunday 18-09-11 11: 18 am Baghdad (newsletter). The Economist said on behalf of the beautiful, that causes disruption of the Iraqi economy is due to the lack of clear strategic plans and frequent indiscriminate importation of the goods of others disciplined, calling for the need to activate the work and give alkmerket tariff specialist holidays for Iraqi businessmen. Beautifully reporter (News Agency news) Sunday: the disruption of the economy resulting from the lack of clear strategic plans import random others disciplined, so put non-conforming goods to specifications and consumer and non-productive and this creates chaos in the Iraqi economy.
[BondLady] And invited the Government to activate the work beautiful tariff alkmerket for goods entering the country, stressing the entry materials of all kinds of global production companies known to benefit citizens, and give specialist holidays for traders to regulate the import operation is not allowed to import food dealer medicines and vice versa. Economic expert stressed the need for accurate census by the Ministry of planning required by the needs of the citizen and the amount consumed in quantity, and continued there are currently no import permits and the quantity imported causing conflict and this leads to a big mess in the economy. This House voted in June to alkmerket tariff law and was for a period, and as a result of higher prices, the Government decided to postpone the legislation early next year./finished/8 n. y.. http://www.microsoft...view_20509.html
[BondLady] ok this tax article
[BondLady] its talking about getting more imports in and giving them special prices to get the products in
and the kind of products that fit the peoples needs
[BondLady] because of this like what happened to them at ramadan which caused huge inflation spikes
[BondLady] they need to do some regulating to keep the merchants from being so greedy at the expense of the poor people who had to buy things
[BondLady] ok let me go grab the next one
[BondLady] but
[BondLady] before i do
[BondLady] the WTO and the world bank
[BondLady] both have told iraq they need to do the tariff taxes
[BondLady] it supports the state and the economy
[BondLady] also helping with infrastructure projects an maintenance of them roads, bridges etc gov .salaries
[BondLady] like taxes here for us and what they support
[BondLady] ok let me go find the next 1
[BondLady] Attorney Al-yasseri: Iraq suffers from accumulating the money supply.Warns of counterfeit currency during delete zeros Date: Sunday 18-09-11 10: 49 am Baghdad (newsletter).He is a member of the Finance Committee and the National Alliance Deputy//Abdul Hussein Al-yasseri, a delete zeros from the currency will impact negatively on the Iraqi economy if it is carefully studied by specialists in financial and monetary matters, saying that the money supply would remain unchanged, the value of deleting zeros. He added Al-yasseri (News News Agency) Sunday: draft delete zeros or the so-called monetary reform would be a negative impact on the Iraqi economy if it is being studied by experts and specialists in financial and monetary matters and to know its effectiveness and how to get rid of the money supply, saying that the money supply would remain unchanged, no value to deleting zeros from the currency project.
[BondLady] Al-yasseri said that Iraq suffers from accumulating the money supply that arrives (3) trillion dinars, likely that accompany the process of deleting zeros set of problems, most notably between the creditor and the debtor when the other one million paid by him to 1,000 dinars, then does not satisfy, and continued: forgeries also contribute to this project as in (2004) when switching the currency broke with many problems, he said the Central Bank to carefully in this project and not speed up the application, And the need to explain in detail and put the results to the economic and credible Iraqi citizen. Finance Committee member commented on statements by Prime Minister Counsellor for Economic Affairs Abdullah al-Husayn Al-Anbuge, who warned that the process of money laundering, during the process of replacing the currency and delete zeros by saying: I don't think that size speaking counsel about corruption and money laundering where very extremist against this process (in his words), indicating to him that each group face risks must be the Central Bank to clarify his view to queries posed by economists so we can Get the full conviction that this project will serve the Iraqi economy./finished/8 y. n/... http://www.microsoft...view_20502.html
[BondLady] see this line
[BondLady] Al-yasseri said that Iraq suffers from accumulating the money supply that arrives (3) trillion dinars, likely that accompany the process of deleting zeros
[BondLady] 3 trillion
[BondLady] likely that accompany the process of deleting zeros
[BondLady] so is this saying they’ve printed up 3 trillion lower denominations?
[BondLady] and that there worried about crooks coming in with a huge amount of paper to rip off the merchants with
[BondLady] because we’ve already seen in articles from like a month ago
[BondLady] how these crooks already knew because of shabibis efforts to tell the people what the ld's would look like
[BondLady] and have the 3 languages on them
[BondLady] the crooks already made there own ld's an would wait till merchants or gas station attendants had long lines an they couldn’t check the money very good
[BondLady] so the merchants knew also the ld's were coming
[BondLady] but they hadn’t seen them yet
[BondLady] so they took the counterfeit thinking they had been released
[BondLady] this should have in itself speeded up the things from the cbi
[BondLady] that was in june when those arts came out
[BondLady] but the cbi was slow played by bickering politicians who dont seem to have any thing better to do than to watch there economy an country go down
[BondLady] but still shabibi worked on it
[BondLady] let me go get the next one
[BondLady] brb
[BondLady] Economist: inflation and taxes than deal with Visa card. And instruments limited Date: Sunday 18-09-11 10: 55 pm Baghdad (newsletter).Economic expert considered Salam smism difficulty taxing wealth to reduce the deficit and reduce inflation in Iraq, because of market crises such as unemployment. She said samim (News Agency for children) Sunday: taxation may recession adversely affect inflation, Government advocate to withdraw cash from the market and provide Visa card walkridt card and instruments. Smism explained that the financial authorities, tax Department possesses can reduce inflation and alleviate disability as an instrument of public revenues is a key element of its components, and followed up, when you want the State to reduce import tax, but Iraq cannot impose taxes to deal with inflation and that there are crises and problems such as unemployment coincides with "", in the case of taxation will economic recession adversely affected by inflation. "
[BondLady] Smism invited government loan relief because it will increase the availability of funds in the market and by reducing the monetization and use instruments & visas card wekridt card, these are things that reduce inflation ". This was count Economist Ahmed abrihi in the earlier statement (News News Agency): to achieve control over inflation (5%) 2012 place only by taking two directions, one to increase the supply of goods and services and to restrict government spending as soon as the offer. Abrihi said: "can control inflation as Finance Ministry was able to avoid inflationary pressures through followed two directions, one to increase the supply of goods and services and to restrict government spending so it can display." Abrihi said: "that controlling inflation begins by controlling aggregate demand and improving supply, so that the total aggregate demand is on the extent to which the goods and services are available in Iraq, noting that the role of the Ministry of Finance directing Government expenditure until the laitgaz view. The annual inflation rate in Iraq to (7.1%) In July (6.4%) In June, driven primarily by rising rents of houses, "./finished/12 http://www.microsoft...ew%26id%3D20531
[BondLady] this is a great article
[BondLady] its talking about several things
[BondLady] taxes again
[BondLady] saying how at this time it would be hard to tax the people the way there economy is right now
[BondLady] and they could have used these tariffs to combat inflation
[BondLady] but they cant do that to the people right now
[BondLady] with an exchange rate of 1170 basically
[BondLady] but they do say how the taxes would help the economy a lot if the government wouldn’t spend or steal all of the money brought in by these taxes
[BondLady] then they go on to talk about e money
[BondLady] visa cards an other forms of debit an credit cards
[BondLady] how these will also support the fragile economy and also cut down of thieves stealing from the people
[BondLady] put it on a card an u have less of that
[BondLady] also it would cut down on the currency also in the markets
[BondLady] and thats what the cbi is trying to do remove the 000 from the markets while at the same time support the economy , banking sector and the private sector
[BondLady] so putting this program in place is a really good step for them and the people will have to carry less money and have less fears of being robbed
[BondLady] and this also would help curb inflation as there goal for 2012 is to keep inflation around 5% something it sure isnt right now
[BondLady] ok let me go grab the next one brb
[BondLady] Parliament calls for the creation of laws governing electronic trade in Iraq Date: Sunday 18-09-11 10: 44 pm Baghdad (newsletter). He is a member of the Commission services and the reconstruction of the Parliament and the National Alliance Deputy//Ihsan Al-Awadi, the need for laws regulating e-commerce work in Iraq, stressing that Iraqi ministries are unable to apply the principle of e-Government in their constituencies. He said Al-Awadi told the reporter (News Agency news) Sunday: there should be laws governing commerce and control organs prohibited for the purpose of combating piracy and electronic breaches that lead to great danger to citizens and the State. Al-Awadi said: that the topic fell within the working draft of e-Government and ministries that are still unable to applied in services as a result of lack of knowledge and a thorough understanding of this technology. And invited the Government to find Al Awadi, mechanisms and methods appropriate to revive Commerce and which is considered vital to the world's paragraph, but to say but the current situation in Iraq is still too early and takes time to bring it into line with developments in the world.
[BondLady] He said Al-Awadi was the first reading of the topic electronic signature and adoption by global corporations and the Government of Iraq, saying such a step to good although they come too late. He is a member of the Commission services and reconstruction in Parliament that the Ministry of planning a global companies contracted to audit and examine relevant equipment on the border, indicating that this company is starting to take its oversight through a short period in the past failing to allow the entry of prohibited electronic devices such as eavesdropping or spying devices or cameras are prohibited as well as shoddy appliances and others conforming that what hurts a lot to the Iraqi economy./finished/8 n. y..http://www.microsoft...ew%26id%3D20529
[BondLady] this is pretty much saying a lot of what i had just said prior to this article
[BondLady] that they need to get this law done asap
[BondLady] and for the safety of the people an the merchants
[BondLady] from thieves an counterfeiters
[BondLady] so its good to see all these things headlining the news today
[BondLady] they are a must for Iraq
[BondLady] which is so corrupt from the top to the bottom
[BondLady] so this is a really good thing an makes it a less cash society like it is now and will cut down on a lot of big shots taking bribes and such e trading is where its at and there also encouraging the people to trust in the banks and the banking system
[BondLady] to show them they can have plastic money and they will be safer for using it
[BondLady] ill brb gonna go try to find the next 1
[BondLady] Postpone work to keep Iraq's economy by lame and a viable market for goods bad .. Resan: neighboring countries and the pressure behind the postponement of customs tariff law Author: the future of Iraq 18/9/2011 0:00 Baghdad / Iraqi future revealed to the economy and investment representative for the presence of pressure from the governments of neighboring countries contributed to the postponement of the law of customs tariff and attributed that to it is the sole beneficiary of the non-application of this law. A member of the Committee Deputy Abdul Hussein Resan: The application of this law will result set benefits, but he also said at the same time is not without drawbacks. He Husseini: The postponement of the law and not applied to keep Iraq's economy is lame and a viable market for goods bad, causing obstruction of industry and agriculture LAN's after the cessation of hundreds of laboratories and factories after 2003, noting that Iraq a signatory to the Convention on Customs in Brussels of the United Nations issued a law of customs tariff number (77) of 1955 in force until 2004 when it was canceled by the head of the Government of CPA, Paul Bremer, No. (9354) and replaced by the fees the reconstruction of Iraq, noting that this led to stop dozens of industrial plants and still lose the facilities for the same reason, and materials available on the market, mostly anonymous. Husseini said that there is to use the policy of flooding the Iraqi market for the elimination of Iraq's industry with the knowledge that the average fee starts from exempt to 20% and the proportion of fees on food is 0.1% meaning it does not have much impact on prices,
[BondLady] stressing that the imposition of this law encourages the private sector to absorb unemployment, as the statistics the ILO for the operation and the World Bank for ages confirm the operation of more than 60% of the workforce from the private sector, and that these statistics confirm that the plants small and medium-produced 7080% of industrial production in more advanced countries. Revealed a member of the economic and investment commission for the postponement of this law is the result of pressure from the governments of neighboring countries because it is the sole beneficiary of the non-application of this law, called al-Husseini the government to the need to apply the system of quality control and start a law customs tariff, refusing to postpone work with him again. The prime minister, announced on 24 July last, near the application of tax law and customs tariff to include primarily the goods and imported goods, which can be manufactured locally, as indicated to the exclusion of goods and goods in direct contact with the lives of citizens. The Government announced in the 21 of February, they decided to suspend a law increasing taxes on goods and imported goods, which was expected to apply early last March, and noted that the law will be suspended until further notice. And the Government has already issued, the end of the month of January, a decision to apply the system of customs tariffs on imported goods, starting from the month of February, as he emphasized the Legal Adviser to Prime Minister Nuri al-Maliki, that the government may slow down implementation of the resolution, fearing higher prices in local markets, He explained that the decision needs to be legislation by the Council of Representatives. http://www.almustakb...ow.aspx?ID=9568
[BondLady] so we see the taxes more here
[BondLady] and how not allowing the tariff taxes right now is causing them to go backwards in industry and economics instead of growing and moving forward
[BondLady] when a lot of the products
[BondLady] could be made at home instead of being imported
[BondLady] so important to build up there private section
[BondLady] they had so many factories and businesses but the government owned most of them
[BondLady] and they’d rather put the money into there pockets than into the economy
[BondLady] as all of these things imported has greased the hands of many in Iraq
[BondLady] from docking at the docks to government
[BondLady] they all took bribes
[BondLady] when they could have had these taxes going
[BondLady] and letting them support the economy and get these factories up an running dairies an agriculture
[BondLady] the pocketed the money instead
[BondLady] leaving the citizens to basically fend for themselves the best they could
[BondLady] and with imports come higher prices
[BondLady] these taxes would help support every thing and be able to put the people back to work thru government jobs and rebuilding
[BondLady] these taxes are very important especially to Iraq
[BondLady] ok brb with the next 1
[BondLady] Firm action in granting licenses for the establishment of private banks .. Expert calls for the government to facilitate and support the work of investment companies Author: the future of Iraq 18/9/2011 0:00 The future of Iraq / Sudan minimum The experience of private banks in Iraq's modern in its dealings banking and because of the wrong policies that were followed before, where the scaling of the private sector in the economic process by giving minor roles does not exceed some light industries, including banking sector, which was prior to 2003 monopolized the government banks only , while the note is the emergence of large and diverse number of private banks, including Islamic, including investment and trade, which led to these banks run their money through investment by the housing and the establishment of plants variety, (the future of Iraq) met with an expert banker to talk about the phenomenon of private banks and the role of economic development of the country. member of the Finance Committee in the House of Representatives MP Abdul Hussein al-Yasiri said that the banks in the Iraqi civil divided into three sections, the banks have a high potential, possible and banks are needed to support the third section of the banks is not suitable for the deposit, indicating that the first banks suitable for the deposit and the second serve that if the set Financial and other banks should be reviewed by, to put it is not appropriate.
[BondLady] The Yasiri: that there is an estimated 40 banks it is necessary to unify and integrate them, stressing that there are some of them merged and support by foreign banks and this type of integration to make it be to have the quantity, capacity and speed to absorb the work well and fast, and the World Bank had allocated $ 10 million to restructure the Iraqi banks and activate their dealings as the central bank announced the restructuring of Iraqi banks and it has been the extension of unit banks for a period of one year because of security concerns. Iraq had decided in early 2006 restructuring of the banks in order to get rid of the heavy debt, with the Iraqi Ministry of Finance announced a quest over the next year to develop an integrated plan for the development of banks and activating the financial relations in this aspect, and that the government is still limited in its financial transactions on the government banks approved by 85%, and called on the Ministry of Finance Central Bank of Iraq to take firm action in granting licenses for the establishment of private banks. As for the investment environment and capacity of government institutions at dissolving these difficulties Yasiri said: first to those who regard its investment it must support through the facilitation of existing capital by, confirming the absence of problems on land to investors, as Prime Minister Nuri al-Maliki and after obtaining the approval of the Council of Ministers to give land allocated for the establishment of residential communities to promote sector investors in the housing sector and move the economy, noting that the prices of industrial, agricultural, recreational and commercial will be the rates reduced or almost symbolic to encourage investment and the entry of investors in the various forums of the national economy.
[BondLady] He added, will be awarded to facilities many other investors, Vsttbak all exemptions contained in the Investment Law No. 13, as amended, relating to tax and customs tariff and the protection of legal and administrative environment, and continued Yasiri: that there is cooperation with the municipal districts and provinces to allocate land to them , and states that the Iraqi parliament approved in October 2006 investment law, but he did not give investors the right to ownership of the property the project, and equated the Iraqi investors and foreign investment in each concession, with the exception of real estate ownership, while giving foreign investors the right to lease land for 50 years, renewable for , the Council amended the House of Representatives on 13 October 2009, the Investment Law so that gave the right of the investor Iraqi and foreign ownership of land and property belonging to the state allowance determined in the accordance with special regulations, as well as giving them the right to own land and property belonging to the mixed and private sectors to establish housing projects exclusively. The member of the Finance Committee : it was supposed to receive the investing companies that enter the country well and work on the development of banks because it is the body that develop through them and that promote all business events and economic and investment fields. and annoyed Yasiri of front companies that enter the country, where he must make sure that gravity and the reputation and history company through the disclosure of potential financial and morale high and the potential of the process to avoid what happened in the Ministry of Electricity by signing with fake companies. http://www.almustakb...ow.aspx?ID=9573
[BondLady] see this goes back to all I have been saying up there
[BondLady] support the banks thru the private sector an from the people and big business who wish to help rebuild iraq and its economy
[BondLady] they dont want foreigners to own land
[BondLady] and the banks wouldn’t give guarantees to big businesses when they’d come to town to do major projects they wouldnt guarantee they would get paid for there work
[BondLady] so the world bank stepped in an said they would guarantee that in most big projects
[BondLady] i mean something had to give here cause the gov an parl sure wasnt doin what they needed to to get the ball rollin here
[BondLady] an iraq was losing literally billons and billons every month because they just cant seem to find there way out of a paper bag
[BondLady] to be so greedy that they cant seem to see what they need to do to make money
[BondLady] they have to spend money
[BondLady] and they dont wanna do that
[BondLady] they feel like there country is so rich u ought a pay them just to come in an do something for them
[BondLady] pretty ate up mentality actually
[BondLady] so big economic leaders and banks an wto and imf they have all stepped in to try to get this going
[BondLady] and they need to get the smaller banks up to par so they can also play there part in restoring iraq to its glory
[BondLady] ok let me go grab the next one
[BondLady] brb
[BondLady] Economic parliamentary: failure of the Iraqi economy is due to administrative chaos Sunday, September 18 / September 2011 13:08 Hits: 41 User Rating: / 0 PoorGood Twilight News / The Commission on the economy and investment in the House of Representatives, Sunday, that the most important reasons for "failure" of the Iraqi economy back to "administrative chaos", warning that the continuation of this mess will push the economy into serious decline. A member of the parliamentary Economic Committee Nahida Daini's " Twilight News "that" the most important reasons for failure of the Iraqi economy back to the administrative chaos that pervades all the ministries that have a link in economic affairs. " It is said that an adviser to Prime Minister for Economic Affairs Abdullah Hussein Al-Anbuge had called earlier, to rearrange the economic file format, which provides payment of the economic wheel with increased frequency away from the confusion that prevails in the Iraqi economy currently, indicating that the file of the Iraqi economy is going now hands non-economic and can not promote him to the level of it in a good position.
[BondLady] Dani explained that "there are many ministers and ministries are running is not their specialty, and there are many managers do not have sufficient experience and some of them come out in recent years, and got the job through the quota system." Daini and warned that "the continuation of the administrative chaos will push the economy into serious decline." Download Economists all Iraqi political responsibility of the deterioration of the Iraqi economy after 2003, argued that the political orientation and visions are not clear to successive governments in Iraq after 2003 led to economic recession and the deterioration of industry and agriculture, and the lack of clarity of vision as a result of political chaos and social and economic led to a administrative and financial corruption. http://www.shafaaq.c...8-10-12-05.html
[BondLady] pretty much all i touched on up there
[BondLady] its a bunch of political bs that keeps iraqs economy in a strangle hold
[BondLady] and from all of these articles they have out today and for the last 6 months
[BondLady] it shows it clearly the government and parliament is the biggest cause for things to not be better by far than what they are now
[BondLady] so in seeing all these arts today it tells us they are addressing all of these things
[BondLady] Iraq resumes work system crossing with Jordan and demanding activating "Orange Card" Sunday, September 18 / September 2011 10:44 Views: 274 User Rating: / 0 PoorGood Twilight News / source revealed, Sunday, on the agreement of Iraq and Jordan on the activation of the system crossing the Iraqi border crossings, as called for Baghdad to initiate the system of "Orange Card". The source said the " Twilight News "," The Joint Committee to facilitate transport and trade between Jordan and Iraq confirmed in a meeting yesterday in Amman, the importance of the railway link between the two countries, and implementation of the memorandum of understanding signed between the two sides as to link the railway is important to develop and facilitate the movement of transport and trade between the two countries. " . He added that "the Committee discussed a number of topics of the most important unifying visa fees for drivers of public transport and their assistants between the two countries, and the file of air transport in terms of increasing the number of flights and the removal of various constraints faced by the airlines in operation to and from the two countries."
[BondLady] Iraq had signed a memorandum of understanding with Jordan this month included the initial start the necessary procedures for the mutual recognition of certificates for products and goods between the two, which will start it next year. The source indicated that "Iraq demanded the restoration of the orange card, between the two countries, and a memorandum of understanding provided by the Jordanian side on the recognition of certificates of civil marine and facilitate the passage of Jordanian goods transit through Iraq." It is noteworthy that the card system, the Orange means by finding insurance card standard for all cars across the country through an international agreement to promote tourism and facilitate trade and movement of citizens in their cars on various types of other countries under a system of compensation for accidents caused by cars when crossing and walking in territory of the Member States. And the countries were part of the orange card system are: Jordan, UAE, Bahrain, Tunisia, Algeria, Sudan, Syria, Iraq, Oman, Palestine, Qatar, Kuwait, Lebanon, Libya, Egypt, Morocco and Yemen. MVA http://www.shafaaq.c...-------q-q.html
[BondLady] so this is a good thing also
[BondLady] as it connects the rail ways to surrounding countries so imports and exports will be easier and a lot faster than coming and going by sea and air
[BondLady] this will be much cheaper and it will really really help iraqs economy
[BondLady] not only in trade but people riding the trains too
[BondLady] so its a win win for iraq iffffffffffff
[BondLady] they can keep as shabibi has said government spending down and the crooks off the profits long enough for it to do iraq a lot of good
[BondLady] ok let me bring in the next one
[BondLady] CBI confirms the use of modern methods to support monetary policy in the country 09/18/2011 12:59Economyno comments Adviser to the Prime Minister for Economic Affairs Abdullah Hussein Al-Anbuge "Gate of Iraq" BAGHDAD - The Central Bank of Iraq, Sunday, he used the best means to support monetary policy and raise the level of development of the Iraqi economy. The Iraqi government has described the cross-chancellor of economic Abdul Hussein Al-Anbuge yesterday political central bank yesterday, Saturday, as deflationary and Atsem in support of economic development projects and to achieve real value of the Iraqi dinar. The Iraqi government is seeking to annex it independent bodies including the CBI claiming to reduce the differences between monetary policy and finance.
[BondLady] The deputy governor of the Central Bank of the appearance of Mohammed Saleh told the Kurdish news agency (Rn) that "the Iraqi Central Bank uses the best economic means to support monetary policy and raise the value of the Iraqi dinar and maintain the exchange rate and economic development desired by coordinating with fiscal policy of the government." He added that " the central bank has to coordinate with all government financial institutions and Ayaana of economic isolation as he runs monetary policy according to economic measures to prevent contraction of monetary policy. " He pointed out that "the central bank was able to develop a mechanism under the umbrella of the International Monetary Fund to tackle its debt finance and maintain the value of the Iraqi dinar" .
[BondLady] The central bank says it has succeeded in raising the level of economic development because of the stability of monetary policy as the unemployment rate dropped from 52% to 15% and the level of the poverty line from 54% to 23% and inflation declined overall level of 65% to 6% and higher output power of 3500 MW to 8000 MW The main tasks of the Iraqi Central Bank to maintain price stability and the implementation of monetary policy, including exchange rate policies, and management of reserves of foreign currency, and the issuance of currency management, as well as to regulate the banking sector .. http://www.albawwaba...economic/48319/
[BondLady] isnt shababy awesome
[BondLady] hes saying so the government thought my monetary policy was wrong
[BondLady] see look at all i did with my monetary policy
[BondLady] this goes back to shabibi saying to the people to trust him and the cbi as he never let them down before and wont now
[BondLady] and he says he is using modern means to support his monetary policy
[BondLady] like all the articles i have just shown u
[BondLady] banking
[BondLady] visa credit and debit cards
[BondLady] electronic trading
[BondLady] and that hes now ready to go to his next monetary policy
[BondLady] and work to bring in the lower denominations and give a new rate to there money which all of it supports the economy
[BondLady] unemployment and loans to small businesses
[BondLady] and with the taxes a lot of government projects in reconstruction
[BondLady] and it will also bring down inflation
[BondLady] shabibi knows the plan and how to do it
[BondLady] the government just needs to work on setting the government and let shabibi do what shabibi does and get the country back in order economically
[BondLady] brb with the next one
[BondLady] Central: able to manage economic development in Iraq if it failed to other institutions 09/17/2011 18:42Economy , Uncategorizedno comments Baghdad, "Iraqi gate" economics editor Deputy Central Bank Governor Dr Saleh said that the appearance of "the central bank is able to manage economic development in Iraq if they failed to other institutions of that." Saleh added, "The claim by some people on the failure of central bank policy in dealing with the monetary situation in Iraq, not only out of envy and malice on the success of the reform process achieved by the Central Bank during the past years", describing it as "just talk cheap," according to his opinion. It quoted "Alsumaria News" for the benefit on the sidelines of a seminar hosted by the Institute of economic reform, on Saturday, that "the Central Bank exercises its policy in coordination with fiscal policy and government agencies around the entire treatment indebtedness of Iraq's foreign, who arranged it signed agreements with the International Monetary Fund," explaining that " What he was talking about some work on the isolation of the central bank and Tbaeidh for other state institutions, is false and the evidence that everyone is still operating under the umbrella of the International Monetary Fund to deal with debts and loans obtained by Iraq. "
[BondLady] The World Bank has called on Iraq to conduct a number of economic reforms, including raising subsidies on oil derivatives, and the ration card against the cancellation of foreign debt, estimated at more than $ 120 billion. Saleh said, that "the central bank has achieved its objectives through the balance sheet and build large reserves supported the Iraqi dinar and created a stable him," pointing out that "the Iraqi dinar exchange rate has witnessed stable, as well as low inflation, the level of prices to the level of one decimal place." He continued that "the development policy of Iraq is not the responsibility of the Central Bank of Iraq, as well as with the establishment of projects, because it is the responsibility of fiscal policy," and wondered about "the ability of fiscal policy in building production plants or power stations or hospitals." It quoted "Alsumaria News" at the same meeting, Adviser to the Prime Minister for Economic Affairs, Abdullah Hussein Al-Anbuge, "The monetary policy of the Central Bank of Iraq in addressing the economic situation" wrong "because it should be adapted to other policies and development programs"
[BondLady] He added that "the central bank used a deflationary policy in the reform of the Iraqi currency, relying on monetary reform without economic" and that "the central bank should not address inflation alone to ensure the stability of the Iraqi currency and repair, but it must mean addressing economic recession and unemployment in Iraq because this would contribute to the development of the country economically. " The Anbuge that "the central bank does not coordinate policies with other economic system in the country to address the situation," noting that "there is a misunderstanding of the issue of independence by the bank." He said that "independence does not mean that decisions are never taken by the bank away from the interests of the economy, which is supposed to be ruling in that," he continued that "monetary policy should be adapted to other economic policies." It is noteworthy that this is not the first time that the attack on an adviser to the prime minister for economic affairs, Abdullah Hussein Al-Anbuge, the central bank, as it was considered in the twenty-fifth of August last, to raise zeros from the Iraqi currency is "the biggest corruption" in Iraq if it had been done in this period, pointing out that they fall under the rubric of "economic absurdity," warning "mafias currency" is preparing to rig the trillion Iraqi dinars to replace them in the light of the planned changes http://www.albawwaba...egorized/48177/
[BondLady] this is shabibi telling the goi off an telling it to butt out of cbi business
[BondLady] government control over every thing has proved to be the downfall of there economy
[BondLady] as it just sits an stagnates
[BondLady] shabibi doesnt procrastinate
[BondLady] he gets things done
[BondLady] and he has a huge amount of very smart and important people all over the world as u can see in this article to advise him
[BondLady] and shabibis record is untouchable
[BondLady] he knows what hes doing just let him do it an stop interfering
[BondLady] he wants to make there currency a proud currency again
[BondLady] and make a flourishing iraq again
[BondLady] and he will
[BondLady] cbi is independent of the government
[BondLady] but it doesnt stop the goi from throwing rocks at shabs an the cbi when they get a chance
[BondLady] shabibi wouldnt allow maliki to have any of the reserves
[BondLady] if he’d have spent all the money they had an spent it wisely on the projects like electricity just to name 1 then he would have extra money
[BondLady] to build the port fao or to fund the 2012 budget or to move the people associated with article 140
[BondLady] but he wasnt a good steward over iraqs finances
[BondLady] an shabibi will make sure maliki nor the gov or parl can get there hands on the reserves as that backs the lower denominations and the dinar in circulation
[BondLady] and the new exchange rate imo
[BondLady] ok let me go get the next one
[BondLady] brb
[BondLady] Abawi: Iraq will call for the respect of sovereignty and support out of Chapter VII in New York 18/09/2011 - 20:15 Baghdad / Justice , said Undersecretary of the Ministry of Foreign Affairs, Abawi, Iraq will call during his participation in United Nations meetings in New York to respect the sovereignty and support out of Chapter VII. The Abbawi that "Iraq will participate in meetings of the General Assembly of the United Nations at its sixty-sixth session in New York In the delegation headed by President Jalal Talabani, accompanied by Foreign Minister Hoshyar Zebari at the head of a delegation from his ministry, "without specifying a date to go delegation
[BondLady] He added that President Talabani," will address Iraq and include what we achieved and the tasks they are facing and put the political process, Iraq's external relations ", referring to the that Iraq "will invite the world to further solidarity with him in the economy, development and respect for its borders and sovereignty, and how to support its efforts to emerge from Chapter VII," unlikely to include the word threads Port Mubarak or Alqsfin Iranian and Turkish. and the complexity of the General Assembly of the United Nations in September of each year, a session in the presence of all members of the international organization's 192 members, and receive all the hearing her state, and then makes recommendations to other United Nations organs according to the jurisdiction of international security, such as the International Court of Justice and others.http://www.aladalane...rticle&id=84853
[BondLady] huge chance iraq will come out of chapter 7 at this meeting
[BondLady] very huge chance of it
[BondLady] all they have to do imo and from all the articles I’ve been reading lately
[BondLady] is leave kuwait alone and stop with all the stupid threats against there port mubarek
[BondLady] cant these dummies remember what put them into ch 7 to begin with?
[BondLady] they were a threat to Kuwait
[BondLady] what have they been doing
[BondLady] threatening Kuwait
[BondLady] sayin they were setting up rockets to bomb there ports an things
[BondLady] i mean how stupid can u get
[BondLady] even after the un and the imf and the usa and britain an many other countries
[BondLady] told Iraq ,kuwait has done nothing wrong
[BondLady] they are entitled to build there port
[BondLady] its on kuwait property
[BondLady] iraq is such a jealous country
[BondLady] afraid some 1's gonna get more than them
[BondLady] for 2 yrs iraqs been talking about building there own port fao
[BondLady] whats the hold up
[BondLady] the goi an parliament is
[BondLady] because instead of getting things done pass laws set the gov do what they should be doing and serve the people in there positions that the people voted them in to do because they thought they’d have a better life
[BondLady] what happened
[BondLady] the goi would rather fight and barter than get any real thing done
[BondLady] so kuwait goes on with there project
[BondLady] an all the gov an parliament have to do is just shut up
[BondLady] stop the threats
[BondLady] anyways
[BondLady] good chance if they do this
[BondLady] an im so glad its talabani heading for the un meeting
[BondLady] he does love iraq an the people
[BondLady] and it would be a awesome thing for iraq to come out of decades of sanctions
[BondLady] anyways i know this was long
[BondLady] hope u all leave feeling like u learned something today
[BondLady] and i hope ive been accurate and ty all for ur patience
[BondLady] drops the mic on campy an walks off
Randy Koonce of Currency Chatter Conference Call TODAY 9-18-11 4PM Central!
Join us (Sunday) Sept 18, 2011 - at 4:00 pm CENTRAL TIME to discuss all the latest news and info.
*** Please no cashing out or tax questions. ***
Come Join currency chatter conference call today, at 4:00 PM eastern, 3:00PM Central, and 1:00 PM pacific.
The Number is 712 432 0075 and the access code is 541268# You can use SKYPEand the instructions are below.
Please write down questions and only ask ONE, because the call can get solong and we would like to give everyone the opportunity to ask a question.
Thank you for all the support of currency chatter.
The Playback if you miss the call will be at. 712 432 1085 it will be thesame access code.
Step 1
Add freeconferencing. followed by the assigned dial in number to Skypecontacts.
For example, if the assigned dial in number is (712) 432-0075, add thefollowing Skype contact: "FreeConferencing.7124320075"
Step 2
Click ‘Call’ to dial into the conference
Step 3
Locate the Key Pad and
enter access code when prompted Access Code - 541268#
GO RV
You will be able to find it in our forum under The Currency Chatter Teamsection.
Also the Main Page.
See you there!!
The Currency Chatter Team
http://www.currencychatter.com/
*** Please no cashing out or tax questions. ***
Come Join currency chatter conference call today, at 4:00 PM eastern, 3:00PM Central, and 1:00 PM pacific.
The Number is 712 432 0075 and the access code is 541268# You can use SKYPEand the instructions are below.
Please write down questions and only ask ONE, because the call can get solong and we would like to give everyone the opportunity to ask a question.
Thank you for all the support of currency chatter.
The Playback if you miss the call will be at. 712 432 1085 it will be thesame access code.
Step 1
Add freeconferencing. followed by the assigned dial in number to Skypecontacts.
For example, if the assigned dial in number is (712) 432-0075, add thefollowing Skype contact: "FreeConferencing.7124320075"
Step 2
Click ‘Call’ to dial into the conference
Step 3
Locate the Key Pad and
enter access code when prompted Access Code - 541268#
GO RV
You will be able to find it in our forum under The Currency Chatter Teamsection.
Also the Main Page.
The play back number will be 712-432-1085 Pin is 541268#
See you there!!
The Currency Chatter Team
http://www.currencychatter.com/
Former official of the U.S. administration 1-2: Iraq’s strategic value has increased from the perspective of Washington « The Currency Newshound
Former official of the U.S. administration 1-2: Iraq’s strategic value has increased from the perspective of Washington « The Currency Newshound:
'via Blog this'
'via Blog this'
Saturday, September 17, 2011
REPOST: Moving this site soon...
Hello all!
I have been contemplating this for some time now and have finally made my decision. I am slowly migrating this site over to dinarcentral.wordpress.com and you will also be able to just use the domain dinarcentralblog.com over the next few days and weeks. Be sure to check here as well as the new address(es) frequently.
This change is due to the highly increased volume and popularity of this blog DinarCentral. This change will enable us to offer our readers a better experience with more features and information as we move through this investment.
I would like to thank all of our loyal readers and supporters as I never dreamed that this site was going to go where its gone... Thanks to all!
Stay tuned here as well as the new addresses for the upcoming move progress!
DinarCentral
I have been contemplating this for some time now and have finally made my decision. I am slowly migrating this site over to dinarcentral.wordpress.com and you will also be able to just use the domain dinarcentralblog.com over the next few days and weeks. Be sure to check here as well as the new address(es) frequently.
This change is due to the highly increased volume and popularity of this blog DinarCentral. This change will enable us to offer our readers a better experience with more features and information as we move through this investment.
I would like to thank all of our loyal readers and supporters as I never dreamed that this site was going to go where its gone... Thanks to all!
Stay tuned here as well as the new addresses for the upcoming move progress!
DinarCentral
Millionday Chat 9-16-11 PM
[millionday] i was thinking about this rv today and some of the things that have been coming out in articles
[millionday] i know all of you have seen the many articles with interviews of various people within cbi --
<<< [millionday] well one thing that i noticed was that cbi has been reported to have on several occasions recently to be demanding that parliament approves the go ahead of the removing of the three zeros
[millionday] and the beginning of the economic reform -- raise in the value --ect
[millionday] i was thinking about the fact that shabibi made it clear in the past that the raising of the zeros would not take place until the goi was acceptable and the country was ready
[millionday] this to me says that --- iraq is ready
[millionday] for instance -- shabibi said in 2009 in a speach that the revalue or reform would not take place until the government was ready
[millionday] well it must be ready then
<<< [millionday] why else would they demand to have it go ahead now
[millionday] i may be reading more into it but -- it seems to spell that out to me
[millionday] also -- the us is ready to sell the f-16 and move ahead with that contract -- very good news
[millionday] i was also looking at news out of kurdistan
[millionday] the erbil agreement has been signed and posted in the paper they have reported
[millionday] well the erbil agreement has to have positions within that agreement [millionday] so in my mind -- the articles surprising enough -- just may not be letting us know all that is complete
[millionday] the three zeros coming in out of circulation --in the country and out of the country -- is a result of them changing the value of the dinar
[millionday] does anyone have anything that they would like to say about what i have said?
[b4dinar] millionday , so you are saying the erbil is announced?
[millionday] the kurdistan region -- has a news paper that comes out that says that the erbil has been signed and printed in the paper -- no announcement
Ms. Biz] millionday is the rush so the RV doesn't happen before the three 000's are removed???
[BIG E] millionday u are a very wise women!!!!
[millionday] ms. Biz ms. Biz the three zeros coming in out of circulation --in the country and out of the country -- is a result of them changing the value of the dinar
[beachdreaming] millionday i do have a question.. has their new fiscal year started this month?
[millionday] beachdreaming iraq `s fiscal year is the calender year --- the us fiscal year is oct 1st to sept 30
[millionday] the rv has to happen before the removal of zeros --
[millionday] the pulling in of the three zeros means that people and countries are going to give them back or exchange them
[millionday] noone is going to give them back unless the value changes or they reinstate to the vaalue before the war
[millionday] no citizen will gove them (the three zero currency) until the value of the small denoms is put in to play
[millionday] no citizen will gove them (the three zero currency) until the value of the small denoms is put in to play
[millionday] neither will we --- see the removal of the zeros means from circulation not -- that they are going to erase them or not pay any attention to them -- it means that people wont need them and they will take them out of circulation when the value changes and all people give them back by exchanging them
[millionday] either up for our us dollar -- some for the euro -- or the iraq citizen for the small denoms --
[millionday] understand? The revalue will cause the removal of the three zero currency
[Dianne777] millionday so did they arrest Maliki?
[millionday] arrest maliki? No
[millionday] why would you say that ?
[cookininhawaii!] so...simply put...nobody will give them their big stuff that has little value for little stuff that has even smaller value...until they know what it is going to be worth!
[millionday] it would be on all news stations
[millionday] we shall see if it comes up on the news -
[millionday] if maliki was arrested we would know trust me
[smiley] millionday M was ousted
[Ms. Biz] millionday there is so much guru crap flying tonight its not even funny
[millionday] ms. Biz thats what i have heard -- some of it is very comical
[millionday] smiley that is not true hun -- they dont just say things for no reason im sure but -- there is some misunderstanding on that -- maliki is in iraq and has not been arrested
[keepbelieving] A source close to the leader of the Iraqi List, Iyad Allawi, asserted that most of the political blocs agreed to withdraw confidence from the government and call early elections if no coalition of state law in response to the demands that the paper called for by the Kurdish regional President Massoud Barzani.
[millionday] keepbelieving that is refering to a paper that was sent by messenger to maliki stating what barzani wants to happen in order for them to reach an agreement -- he has refused to visit and has sent a letter -- he was supposed to be in iraq
[9:36:25 PM] Hopesway: [keepbelieving] so you think he will play his cards to the end and get a no confidence vote boot in the butt
[millionday] keepbelieving EXACTLY
[millionday] keepbelieving no -- i think that he has become aware of what he needs to do and we will see action
[millionday] the general assembly coming up and the pressure from the world bank -- imf --
[millionday] he will be making some changes and decisions --
<<< [keepbelieving] needs to do to survive and remain in position?
millionday] exactly
[[Angel1] And do you think the RV will happen before or after the no confidence vote and his getting the boot?
[millionday] Angel1 i think before -- the rv will happen before -- it is a hard transition from dictator to a part of a group -- maliki will be pressured
[Chris204] [b4dinar] [millionday] no citizen will gove them (the three zero currency) until the value of the small denoms is put in to play .........................This is what I always thought, but earlier steveI was saying that the value wouldnt change until after people traded in the 3 zero notes for LD's so his thought through me off. Your take on this, makes complete sense.
[millionday] Chris204 i cant imagine the reason for the whole country turning in the large denoms and waiting until its done for the value to change -- what would they use for money while the process unfolded?
[Chris204] millionday - agreed ...I guess I'm just wondering if SteveI has changed his view?
[[janiem] millionday - that's ok. Also what do you mean by "the ruling"
[millionday] janiem thats what is left for them to be released from chapter vii
[Stir1313] janiem - UN ruling that Iraq is no longer under sanction
[millionday] janiem they have to get the approval of the un on the agreement with kuwiat is enough --
[millionday] janiem iraq is trying very hard to get released and are pushing hard now -- thwy have submitted some reprts yesterday -- and the us along with ohters are pushing too -- we should hear soon
[millionday] Stir1313 after the meeting on the 19th -- there was an uproar because france said that it is against international law that they voted and the un still did not release them from chapter vii -- it never went anywhere because the un was demanding that they resolve the issues with kuwait -- so that resolution should make it very quick in my opinion
[millionday] i know all of you have seen the many articles with interviews of various people within cbi --
<<< [millionday] well one thing that i noticed was that cbi has been reported to have on several occasions recently to be demanding that parliament approves the go ahead of the removing of the three zeros
[millionday] and the beginning of the economic reform -- raise in the value --ect
[millionday] i was thinking about the fact that shabibi made it clear in the past that the raising of the zeros would not take place until the goi was acceptable and the country was ready
[millionday] this to me says that --- iraq is ready
[millionday] for instance -- shabibi said in 2009 in a speach that the revalue or reform would not take place until the government was ready
[millionday] well it must be ready then
<<< [millionday] why else would they demand to have it go ahead now
[millionday] i may be reading more into it but -- it seems to spell that out to me
[millionday] also -- the us is ready to sell the f-16 and move ahead with that contract -- very good news
[millionday] i was also looking at news out of kurdistan
[millionday] the erbil agreement has been signed and posted in the paper they have reported
[millionday] well the erbil agreement has to have positions within that agreement [millionday] so in my mind -- the articles surprising enough -- just may not be letting us know all that is complete
[millionday] the three zeros coming in out of circulation --in the country and out of the country -- is a result of them changing the value of the dinar
[millionday] does anyone have anything that they would like to say about what i have said?
[b4dinar] millionday , so you are saying the erbil is announced?
[millionday] the kurdistan region -- has a news paper that comes out that says that the erbil has been signed and printed in the paper -- no announcement
Ms. Biz] millionday is the rush so the RV doesn't happen before the three 000's are removed???
[BIG E] millionday u are a very wise women!!!!
[millionday] ms. Biz ms. Biz the three zeros coming in out of circulation --in the country and out of the country -- is a result of them changing the value of the dinar
[beachdreaming] millionday i do have a question.. has their new fiscal year started this month?
[millionday] beachdreaming iraq `s fiscal year is the calender year --- the us fiscal year is oct 1st to sept 30
[millionday] the rv has to happen before the removal of zeros --
[millionday] the pulling in of the three zeros means that people and countries are going to give them back or exchange them
[millionday] noone is going to give them back unless the value changes or they reinstate to the vaalue before the war
[millionday] no citizen will gove them (the three zero currency) until the value of the small denoms is put in to play
[millionday] no citizen will gove them (the three zero currency) until the value of the small denoms is put in to play
[millionday] neither will we --- see the removal of the zeros means from circulation not -- that they are going to erase them or not pay any attention to them -- it means that people wont need them and they will take them out of circulation when the value changes and all people give them back by exchanging them
[millionday] either up for our us dollar -- some for the euro -- or the iraq citizen for the small denoms --
[millionday] understand? The revalue will cause the removal of the three zero currency
[Dianne777] millionday so did they arrest Maliki?
[millionday] arrest maliki? No
[millionday] why would you say that ?
[cookininhawaii!] so...simply put...nobody will give them their big stuff that has little value for little stuff that has even smaller value...until they know what it is going to be worth!
[millionday] it would be on all news stations
[millionday] we shall see if it comes up on the news -
[millionday] if maliki was arrested we would know trust me
[smiley] millionday M was ousted
[Ms. Biz] millionday there is so much guru crap flying tonight its not even funny
[millionday] ms. Biz thats what i have heard -- some of it is very comical
[millionday] smiley that is not true hun -- they dont just say things for no reason im sure but -- there is some misunderstanding on that -- maliki is in iraq and has not been arrested
[keepbelieving] A source close to the leader of the Iraqi List, Iyad Allawi, asserted that most of the political blocs agreed to withdraw confidence from the government and call early elections if no coalition of state law in response to the demands that the paper called for by the Kurdish regional President Massoud Barzani.
[millionday] keepbelieving that is refering to a paper that was sent by messenger to maliki stating what barzani wants to happen in order for them to reach an agreement -- he has refused to visit and has sent a letter -- he was supposed to be in iraq
[9:36:25 PM] Hopesway: [keepbelieving] so you think he will play his cards to the end and get a no confidence vote boot in the butt
[millionday] keepbelieving EXACTLY
[millionday] keepbelieving no -- i think that he has become aware of what he needs to do and we will see action
[millionday] the general assembly coming up and the pressure from the world bank -- imf --
[millionday] he will be making some changes and decisions --
<<< [keepbelieving] needs to do to survive and remain in position?
millionday] exactly
[[Angel1] And do you think the RV will happen before or after the no confidence vote and his getting the boot?
[millionday] Angel1 i think before -- the rv will happen before -- it is a hard transition from dictator to a part of a group -- maliki will be pressured
[Chris204] [b4dinar] [millionday] no citizen will gove them (the three zero currency) until the value of the small denoms is put in to play .........................This is what I always thought, but earlier steveI was saying that the value wouldnt change until after people traded in the 3 zero notes for LD's so his thought through me off. Your take on this, makes complete sense.
[millionday] Chris204 i cant imagine the reason for the whole country turning in the large denoms and waiting until its done for the value to change -- what would they use for money while the process unfolded?
[Chris204] millionday - agreed ...I guess I'm just wondering if SteveI has changed his view?
[[janiem] millionday - that's ok. Also what do you mean by "the ruling"
[millionday] janiem thats what is left for them to be released from chapter vii
[Stir1313] janiem - UN ruling that Iraq is no longer under sanction
[millionday] janiem they have to get the approval of the un on the agreement with kuwiat is enough --
[millionday] janiem iraq is trying very hard to get released and are pushing hard now -- thwy have submitted some reprts yesterday -- and the us along with ohters are pushing too -- we should hear soon
[millionday] Stir1313 after the meeting on the 19th -- there was an uproar because france said that it is against international law that they voted and the un still did not release them from chapter vii -- it never went anywhere because the un was demanding that they resolve the issues with kuwait -- so that resolution should make it very quick in my opinion
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