[BondLady] Economic reports : The Governor of Central Bank: This year's budget focused on increasing the volume of investment in Iraq Iraqi Media Network Said Dr. Shabibi Central Bank Governor that the budget for this year's investment budget because it focused on the size of the investment Ziada. Shabibi said that the Central Bank's role is to address the imbalance that would result from the development process that will come from changes in economic structure are basic. He pointed out that the Central Bank is to achieve development in a stable monetary environment through attention to all means and policies to achieve economic stability and moderation in the environment and the normal rate of inflation moderate.
[BondLady] He continued that our budget relating to the conservation of its resources, and is done by fighting inflation. He stressed that the bank had a number of measures including raising the dinar exchange rate. Indicating that the effect of this action on the budget through the influence on the purchasing power of the government, will increase by addressing inflation. Shabibi said: that this policy will increase the confidence in dinars, which will pull some of the money to the banking sector and the rationalization of government spending because of its impact on inflation. He indicated that this procedure leads to a reduction in import prices of goods such as private sector imports and imports the government's development that comes from the transfer of the Iraqi dinar to the dollar. He added that the policy at a time weakens the ability of the government to buy the dinar, it strengthens Aldenarabraghi which is owned by the government. He pointed out that the bank wants and means to affect the economic and monetary policy by making the dinar valuable and powerful. http://www.alitthad....ticle&sid=23590
[BondLady] my goodness
[BondLady] does this article really even need to be broke down?
[BondLady] i mean *Laugh out Loud* read what it says here
[BondLady] He pointed out that the Central Bank is to achieve development in a stable monetary environment through attention to all means and policies to achieve economic stability and moderation in the environment and the normal rate of inflation moderate.
[BondLady] to achieve a stable monetary environment
[BondLady] and to achieve a normal "NORMAL" rate of inflation
[BondLady] a moderate rate of inflation
[BondLady] He continued that our budget relating to the conservation of its resources, and is done by fighting inflation
[BondLady] He stressed that the bank had a number of measures including raising the dinar exchange rate. Indicating that the effect of this action on the budget through the influence on the purchasing power of the government, will increase by addressing inflation.
[BondLady] the bank
[BondLady] has a number of measures
[BondLady] including
[BondLady] wait for it
[BondLady] raising the dinar exchange rate
[BondLady] the enfluence of purchasing power
[BondLady] will increase
[BondLady] will increase
[BondLady] by addressing inflation
[BondLady] what have i always preached about inflation
[BondLady] shabibi always has his eye on inflation
[BondLady] an when the usd dropped down from the rate it had been
[BondLady] it caused inflation to rise again in iraq also
[BondLady] as theve used the usd to buy things too
[BondLady] an with inflation getting to us too
[BondLady] things started costing us more too
[BondLady] and we slowed down useing gas for our cars an things
[BondLady] this caused them heartache too
[BondLady] sinse they are mainly gas an oil backed economy
[BondLady] which i also have a article for that too
[BondLady] but let me finish this article 1st
[BondLady] Shabibi said: that this policy will increase the confidence in dinars, which will pull some of the money to the banking sector and the rationalization of government spending because of its impact on inflation
[BondLady] and they have put some of the dfi into the banks to help them be brot up to world standards of banking
[BondLady] the cbi has been funding the banks prepairing them
[BondLady] He indicated that this procedure leads to a reduction in import prices of goods such as private sector imports and imports the government's development that comes from the transfer of the Iraqi dinar to the dollar.
[BondLady] basically what i said up there about them useing usd to buy things
[BondLady] He added that the policy at a time weakens the ability of the government to buy the dinar, it strengthens Aldenarabraghi which is owned by the government.
[BondLady] He pointed out that the bank wants and means to affect the economic and monetary policy by making the dinar valuable and powerful.
[BondLady] awsome just awsome
[BondLady] hes about to change the monetary policy
[BondLady] and when he does
[BondLady] the rate of the dinar is going to go up
[BondLady] makeing the dinar
[BondLady] valuable and powerful
[BondLady] im like i couldnt believe i could read all of this in 1 article
[BondLady] and shabibi hes the man of the hour hes totally awsome and hes the man with the plan
[BondLady] and his plan is sure commin together and its smokein hot
[BondLady] let me find this other article real quick
[BondLady] this article
[BondLady] is just gonna basically back up the article i just showed u
[BondLady] shabibi said he was workin with the banks to promote the economy and private sector
[BondLady] and in doin this would increase the rate of the dinar
[BondLady] an make it powerful
[BondLady] Expressed the Trade Bank of Iraq and his willingness to support the financing of any project integrated to the private sector is based on a sound basis in terms of rules and conditions that apply for the available investment process in Iraq in exchange for the possession of the private sector guarantees to cover the funding. Announced in an exclusive interview for “economic morning,” Director General of Trade Bank of Iraq Hamdiya Mahmoud Faraj dry, said a review of investment projects implemented by private sector funding from the bank, the Bank has funded a project to build the American University in Sulaimaniya, where lent the private sector $ 20 million and for a long time and in stages where the first phase loan was $ 5 million. And revealed that the bank has financed the implementation of the company’s own power stations in the Kurdistan region, as well as a project of iron and steel plant in Basra, which was carried out by one of the Iraqi private sector companies. And alluded to other projects to build housing complexes in the provinces of Babil and Wasit to the Rusafa water project and the Army Canal Project and the city of games and entertainment complexes comparable to what exists in the world.
[BondLady] And on the question about the mechanics of lending to the private sector for implementation of investment projects showed that the dry study of the feasibility of the proposed project implemented by the private sector is one of the most important factors that should be available on the project to be guaranteed money and can repay the loan later in accordance with agreed terms. Solvency When applying for building scientific edifice is important in the province of Sulaymaniyah and found the conditions that the applicant company to invest in such a project is vital and important has a good reputation and a sheet financial able to pay the installments of the loan as well as the project is a feasibility can achieve profits of the company and this principle is known that the bank takes into account interest and profitability. On this basis, the bank has opened up to all the provinces and one of the reasons for encouraging openness to Kurdistan is stable and there is the security factor.
[BondLady] She pointed to the prospects of work of the bank and other activities by saying that the bank is now preparing to open new branches in and outside the country to expand the provision of advanced banking services. The intention is to open a branch in Lebanon and another in Turkey and that the presence of extensive commercial dealings with the Turkish private sector. I would like to point out here to be directed towards the Iraqi market, the bank aims to support all the economic sectors, including private banks through bank credits that can be the way that the development of the economy. She reiterated that the bank is ready to support any investment project to achieve the desired goals in support of development programs and the promotion of investment and building the right way. With regard to the support of private banks, the bank raise the amount of the appropriation to $ 4 million up to a maximum of appropriation big is the competence of the bank Caldoaْah and health. Referring to the banks that receive support to assess their performance by the Central Bank of Iraq.
[BondLady] The desired role of the heuristic She said the Central Bank of Iraq is the role of control and this positive sign, but I find it is necessary that the role of guidance and direction and the wrong diagnosis is not punitive but rather for the purpose of diagnosis for the purpose of routing. Government bank And on the question of subordination of the bank showed that the bank Hamdiya dry basis in the CPA and have been a follower, according to law, the bank became Aaْdath to the cabinet, a government bank. And the Ministry of Finance an active role in the follow-up activities of the bank and to provide advice and counsel, referring to support full and finance minister of the bank and its activities.
[BondLady] The secret of success for the link to the bank of the Cabinet A study of disengagement, the Bank of the General Secretariat of the Council of Ministers and to link the bank with the Minister of Finance exclusively because of the specificity of the bank I find the need to keep the bank in this partial freedom to deal or not restricted, and its association with the Council of Ministers is one of the reasons for its success and any other engagement to be running on the bank. Investment Authority has not invested so far And on the question of the possibility of the bank’s support and financing of investment projects identified by the National Investment Commission said let me show you something .. Our relationship with the good and we had more than one meeting with them and there are projects with the Authority, but is under study and there is an exchange of views, but so far not being implemented any project and we are prepared upon request and after a feasibility study.
[BondLady] The secret of success for the link to the bank of the Cabinet A study of disengagement, the Bank of the General Secretariat of the Council of Ministers and to link the bank with the Minister of Finance exclusively because of the specificity of the bank I find the need to keep the bank in this partial freedom to deal or not restricted, and its association with the Council of Ministers is one of the reasons for its success and any other engagement to be running on the bank. Investment Authority has not invested so far And on the question of the possibility of the bank’s support and financing of investment projects identified by the National Investment Commission said let me show you something .. Our relationship with the good and we had more than one meeting with them and there are projects with the Authority, but is under study and there is an exchange of views, but so far not being implemented any project and we are prepared upon request and after a feasibility study.
[BondLady] And other activities revealed the intention of the dry bank and supporting orphanages in Baghdad and the provinces and the bank will support the sports sector and Zora Club in particular. She concluded by referring to the need for clarity of approach and economic programs in proportion to what came in the Constitution and this stage requires the growth of the private sector and give it effective role in the construction and investment. Referring to the loss of a lot of money on projects that have not seen the light of the huge amounts of money account numbers are either in fact we did not find anything noteworthy on the ground but the situation is even worse, which rely upon uncertain ready bank support and private sector financing to take its role in the construction and development. http://www.iraqdirec...s.aspx?id=16517
[BondLady] these 2 articles put together is worth there weight litterally in gold
[BondLady] i trully believe we are close to this thing commin to a end
[BondLady] our economy is effecting there economy also
[BondLady] already there haveing to re-examine there 2012 budget theve just prepaired
[BondLady] becuase they budgeted it at 85.00 per barrel in the next budget
[BondLady] and there askin there self now
[BondLady] cause americans have slowed down useing gas an oil products
[BondLady] because most of us cant afford to fill our tanks up like before and many many who are unsure of our economical day an times
[BondLady] are saveing our money and spending less
[BondLady] which is effecting all economies of the world imo
[BondLady] so it also imo would do iraq a lot of good to go ahead an rv, so we would have more money to spend and we would do that and in doing so build the economy back up
[BondLady] when the rv happens imo
[BondLady] it will open the door to many new jobs
[BondLady] lots will also quit there old jobs thus givein unemployed people there jobs ading to less unemployment or people will start new buissness needing employees
[BondLady] people will be buying and selling houses building new ones
[BondLady] people will be buying and selling new cars
[BondLady] people will be spending money on things they wont right now
[BondLady] and people will be filling there gas tanks all the way up
[BondLady] brb with the last article
[BondLady] Central Bank: the crisis of the dollar led to a large increase for inflation in Iraq Saturday, August 13 - August 2011 10:51 . Deputy Governor of the Central Bank, there are no alternatives to a current of the dollar as the main currency in the world within the global monetary policies, both for the cash reserves or to cover the cash, noting that the global crisis led to high rates of inflation in Iraq, pointing to the existence of concern, but he stopped short of fear on the Iraqi economy, despite lower prices, the dollar because this coincided with the rise in oil prices. The deputy governor of Central Bank of Iraq the appearance of Dr. Mohamed Saleh, in a dialogue to him about the "keep the crisis debt the U.S. and its impact on Iraq and the countries that deal in dollars," that Iraq had "affected by the crisis the new world in the light of the emergence of the so-called imported inflation during the last three months, which is reflected clearly on the rate of inflation in the country. "He added that" high food prices in world markets because of the low value of the dollar, in addition to the high value of imported goods led to high figure the basis of prices of 3% as big as annual inflation in January of this year, to 6.4% during the month of June, where the beginning of the year within the acceptable limits, while it had risen to unacceptable levels in recent months. "
[BondLady] He added that "the cause of crisis the dollar is that there are two tracks, first track and a cover of cash through the reserve to cover the trade deficit, which resort has a habit of developing countries where there are reserves in the world of about $ 9 trillion, China's share, which represents a reserve of cash world's largest and accounts for approximately a third of the size of reserves dollar zone, while has the East Asian countries more than half of the cash reserves. "Salih noted that" developing countries retain up to 55 percent of its reserves in the form of dollars, while keeping the developed countries about 60 percent of its reserves in the form of dollars, and that means a total that between 55 to 60 percent of the volume of foreign currency reserves in the world is in dollars, while a dollar, 87 percent of the volume of world trade, and give more than 50 percent of global banks loans in dollars. "He added that" the dollar for each of those Alosab currency with the dominance of the balance of payments global trade, with more than 90 percent of dollar reserves invested Khawwalat Treasury U.S., despite the fact that the U.S. economy is only 25 percent of the gross total, in the world, but the effect of dominance for the U.S. economy comes from three points first is the focus of Tknlogi as the standard technological U.S. make a difference of nearly five years on the technology globally competitive, and the second is the military dominance and the third economic dominance that the U.S. economy inherited the international monetary system after World War II in 1945 and turned it from a gold system to the International Monetary Fund, who believed the dollar is the currency in the world. "
[BondLady] He noted that "these three elements made of U.S. domination of economic dominance Marictalah what is known as the concept of Almarictalah new, which is that it has the force has the wealth," noting that "Almarictalah old was driven by the Spaniards in the sixteenth century through the adoption of military force to control the sources of wealth that is gold, fell through the industrial revolution and technological progress, which pushed Spain to Britain and France. " and went on: "Because of the dominance of U.S. military current economic weight is the U.S. currency current admissibility of a global, but also represents at the same time a commitment is deferred to the U.S. government, therefore, subject of religion deferred the U.S. is 100 percent of gross U.S. national, if not more, and this negative index large as the growth rate of real U.S. economy about the size of debt, the U.S. economy will collapse and the size of growth required to reach the stage of coverage of public debt is five and a half percent growth of the net to overcome the debt problem, but this ratio is difficult to access them now. " On the economy, which could play the role of the alternative for the U.S. economy in the event of collapse, Saleh explained that "the European economy and the Chinese economy are that come after the U.S. economy, and they suffer in turn from the problems where The crisis experienced by the European economy because of the crises, Italy, Spain and Greece make the European economy an alternative is not realistic in addition to link China's economy, which is witnessing strong growth and a giant, but he linked to a large U.S. economy, which can not make him a substitute, which makes the world situation complicated out of this crisis. "
[BondLady] He said that "some countries have resorted to gold as an alternative to hedge the cash, even if informally, where not considered the gold cover of cash he is not a monetary system, but it is a system of cash floating subject to supply and demand, and is considered a hedge to see prices of growth in light of falling currencies. " and on the concept of dollarization and its hegemony over the Iraqi market and the possibility of bringing other currencies replace the dollar, Saleh said that "the concept of dollarization does not mean to bring the dollar given to the local currency, but rather is a process to bring any foreign currency alongside the national currency in the balance of payments, Because of the fact that Iraq is located within the area of the dollar in the trade balance, because it depends on oil and oil commodity dollar, in addition to international restrictions on the dealings of cash as the incubator Amlath basic and garrison them in the present time is the United States of America, There can shift from the dollar at the present time. " He that monetary policy in Iraq "is concerned about the future, but it does not feel fear, the fact that the crisis is global and specializes in a country without the other and Iraq within the system of global economic, and the secretions of the past years that have led to a reduction of dollar exchange rates, offset by a rise in oil prices more decline of the value of which makes the Iraqi economy does not seem in danger.
http://www.albaghdad...3-07-54-56.html
[BondLady] anyways..........
[BondLady] i realise the chat was long
[BondLady] and i appreciate all who had the patience for it to be done here in our chat room
[BondLady] i hope u all enjoyed it and i hope as well ive been accurate in my opinon and the break down of these articlesty all very much
[veritas] ty bondlady
[BondLady] drops the mic on smittys keyboard an walks off
[Smitty10] *Laugh out Loud*
[BondLady] *Laugh out Loud*
[tap] awesome boss
[BondLady] tyvm for the copy hun
[tap] *Laugh out Loud*
[BondLady] tyvm tappers
