BondLady & Tlm724 – News & Comments
Foreign exchange rate of the Iraqi dinar on Sunday, June 5, 2016
Economy Since 05.06.2016 at 08:36 (Baghdad time) BAGHDAD – balances News
U.S. dollar
US $ 1 = 1,181.0000 Iraqi dinars affraid affraid afraid
1 Iraqi dinars = US $ 0.0008
euro
1 euro = Iraqi dinars 1,342.3246
IQD 1 = 0.0007 euros
Sterling pound
£
IQD 1 = 0.0006 pounds
Canadian Dollar
1 CAD = 912.8150 dinars
IQD 1 = 0.0011 Canadian dollars
Australian Dollar
1 AUD = 869.9239 dinars
IQD 1 = 0.0011 Australian dollars
Japanese Yen
1 Japanese Yen = 11.0845 dinars
IQD 1 = 0.0902 Japanese yen
LINK
tlm724 MOF June 5, 2016 this confirms the MOF site is a day behind the new sources !
http://i86.servimg.com/u/f86/17/45/42/20/mofjun13.jpg
http://www.mof.gov.iq/Pages/Currency.aspx
tlm724 Rates of foreign currencies compared to the Iraqi dinar
BAGHDAD – The Journal News It amounted to currency exchange rates, on Sunday, as received from the Iraqi market to sell the currency as follows:
U.S. dollar
US $ 1 = 1,181.0000 Iraqi dinars
1 Iraqi dinars = US $ 0.0008
euro
1 euro = Iraqi dinars 1,342.3246
IQD 1 = 0.0007 euros
Sterling pound
£ 1 = 1,714.2227 Iraqi dinars
IQD 1 = 0.0006 pounds
Canadian Dollar
1 CAD = 912.8150 dinars
IQD 1 = 0.0011 Canadian dollars
Australian Dollar
1 AUD = 869.9239 dinars
IQD 1 = 0.0011 Australian dollars
Japanese Yen
1 Japanese Yen = 11.0845 dinars
IQD 1 = 0.0902 Japanese yen
LINK
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National government calls for more transparency Karza details of the IMF and the US
05/06/2016 10:09 | Direction Press / Agencies The head of the National Coalition Bloc Kadhim al-Shammari, the government for more transparency and clarity to the Iraqi people in what he called Karza already know the guts of the International Monetary Fund and a loan of US arming of Iraq.
Al-Shammari said a member of the reform front in Parliament in a statement received “direction Press” a copy of it: that talking and concerns raised from many quarters about the recent loans signed by the government with the International Monetary Fund and the United States that have ratified it would be a real disaster plaguing Iraq will represent restrictions shackle the country for years many”.
He added that the signing of Iraq for loans includes impossible conditions, both significant benefits in terms or compel Iraq to impose extra taxes on the citizens are the things you need to review a real discussion and clarification and greater transparency by the government and the Atnfred in steps could afford more negative than its benefits to the country “.
He continued: he was supposed to on the government to make foreign loans option is the last option and work initially on other solutions Casthsal debt owed by telecommunications companies, which exceeded four billion dollars , or move cases more quickly against spoilers to recover stolen and smuggled and work systematically money to stimulate the rest industrial, agricultural, tourism and commercial sectors in the country to be anadditional resource to support the budget. ”
http://aletejahtv.org/index.php/permalink/114288.html
[tlm724] the recent loans signed by the government with the International Monetary Fund and the United States that have ratified it would be a real disaster plaguing Iraq will represent restrictions shackle the country for years many
[tlm724] yeah well thats a good thing, they need to be shackled to a plan that works !
http://www.bondladyscorner.com/t169020-national-government-calls-for-more-transparency-karza-details-of-the-imf-and-the-us
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Justice reveal manipulation loans of about 70 billion dinars and adopt new mechanism to maintain public money
Author: AR Editor: AR 6.5.2016 09:30 Long-Presse / Baghdad
The Ministry of Justice, on Sunday, announced the launch of the new work instructions for loans for industrial, commercial and agricultural bank, while suggesting a new mechanism guaranteed to keep public money and prevent fraud, manipulation uncovered loans of about 70 billion dinars.
The ministry statement said in a statement received (range Press) copy of it, “The Ministry of Education announces near the launch of the work of new instructions to book a property in exchange for the loans granted to investors from the industrial, commercial and agricultural bank after it has been several meetings and joint lecturer between representatives of the relevant banks and the Department of Real Estate Registration contract and the Office of the Inspector General at the ministry,
“noting that” instruction includes the adoption of a new mechanism works to maintain public money and prevent weak people of falsifying statements for the assessment of property to be detained in exchange for the loan and that it exaggerated assessment of ICON and more of the property value. ”
The statement added that “the ministry is continuing to pursue guess loan amounts that are underway as well as the follow-up to what has to take place outside the checks and refer violators to the competent courts,” stressing that “these measures have contributed to disclose manipulation lending operations by nearly 70 billion dinars and stop wasting more than this amount in exchange for loans destined for Exchange has been shut off. ”
The Prime Minister Haider al-Abadi, honest (the ninth of March 2016), to lend the special housing fund mechanisms loans the central bank’s five trillion Iraqi dinars, as stipulated distribution of loans standard adoption population ratio and the degree of poverty for each province mechanism, also stipulated that loan no more than 50 million paid to the beneficiary in two installments.
It is noteworthy that the Council of Ministers announced, in (31st May 2016), the launch of the distribution of land to citizens in a manner and installment terms “soft”, and briefed on the launch of the electronic program industrial, agricultural and residential loans mechanism. LINK _
[tlm724] he Ministry of Justice, on Sunday, announced the launch of the new work instructions for loans for industrial, commercial and agricultural bank, while suggesting a new mechanism guaranteed to keep public money and prevent fraud, manipulation uncovered loans of about 70 billion dinars.
[tlm724] ya gotta love that
[tlm724] announces near the launch of the work of new instructions to book a property in exchange for the loans granted to investors
[tlm724] after it has been several meetings and joint lecturer between representatives of the relevant banks and the Department of Real Estate Registration contract and the Office of the Inspector General at the ministry
[tlm724] theres some involvement of the Real Estate BL talked about
[tlm724] “the ministry is continuing to pursue guess loan amounts that are underway as well as the follow-up to what has to take place outside the checks and refer violators to the competent courts,” stressing that “these measures have contributed to disclose manipulation lending operations by nearly 70 billion dinars and stop wasting more than this amount in exchange for loans destined for Exchange has been shut off.
[tlm724] yet another important step in accountability and transparency
http://www.bondladyscorner.com/t169028-justice-reveal-manipulation-loans-of-about-70-billion-dinars-and-adopt-new-mechanism-to-maintain-public-money
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Federation of Industries proposes to lend a vital project in 2000 and calls for the involvement of “Project map”
Author: HH, ZJ Editor: BK, HH 06.05.2016 12:04 Long-Presse / Baghdad Counting the National Business Council, on Sunday, that the loan program launched by the government resulting from its proposals to the government and parliament, and with the Iraqi Federation of Industries stressed the need to use it to develop a way for projects that should be lending to first map,
a proposal to start two thousand vital project first to enable them to contribute to the promotion of national income and it operates the largest number of the labor force, and attributed the economist delayed the launch of the program for the routine and the presence of the sought for “obstructing” the advancement of the Iraqi economy and domestic production.
The head of the National Business Council David Abdul Zayer, in an interview to the (long-Presse), “The economic restructuring program recently launched by the government caused mainly by a proposal from the private sector to the Council of Ministers and the Economic Commission of the Council of Representatives,” noting that “the loan launched cabinet aimed at modernizing the production of the private industrial sector and encourage domestic production lines. ”
The Information Office of the Prime Minister Haider al-Abadi count, on Wednesday, (the first of June 2016), that the launch of residential, industrial and agricultural loans, amounting to six trillion and 500 billion dinars, constitutes a “quantum leap” for the restructuring of the Iraqi economy and address the “imbalance” suffered offline noting that it aims to enable the private sector to take the role for the advancement of economic reality and overcome the difficulties they are facing, and to provide cash needed for the rehabilitation or the establishment of new factories and plants, and reduce the recession-induced decline in oil prices.
In turn, the head of the Iraqi Federation of Industries Ali Sabih al-Saadi, said in an interview to the (long-Presse), “The priority of the Union are the projects that were discussed with the government, such as construction and food manufacturing industries,” calling on the government to “engage the Union in developing a roadmap for projects It should begin lend first, after he had participated with them in the preliminary steps and gave her a vision and agreed with them to represent him in the top two members of the Committee on this. ”
The al-Saadi, the need to “use of government the Federation of Industries in the steps aimed to revive the private industrial sector instead of the others are not interested,” attributing the reasons that “the Union has 12 varieties and the Board of Directors comprises 12 members from the stakeholders and oversees the 50 thousand industrial project.”
Promised Prime Federation of Industries, said: “33% of the loans made by the government was insufficient for the advancement of the private industrial sector,” calling “to start lending to two thousand a vital project first to enable them to contribute to the promotion of national income and operates the largest number of workers, to be thinking of other projects Later”.
And include the distribution of loans mechanism, according to the Information Office of the Prime Minister, a division devoted to the various sectors and the first of the housing funds, through the allocation of a thousand and 700 billion dinars for the housing fund and the bank’s real estate, and the second is the industrial sector, which has been designated a thousand and 650 billion dinars during the Industrial Bank, and the third sector agricultural, allocating thousand and 650 billion dinars other agricultural bank, to allocate thousand and 500 billion dinars microenterprise through private banks.
As will be those loans were distributed to the provinces according to the credit of a plan submitted by the concerned bank and 80% as a benchmark for rates of population and 20% as the standard for the degree of poverty in the province, and that the student loan Iraqi or association or individual Iraqis aged 22 years and over the company eligibility and complete, and that the interest is on loans for the housing sector increased by two percent and four percent for the rest of the species.
In turn, the economic expert on behalf of Antoine, in an interview to the (long-Presse), “The government loans approved since nine months after his Prime Minister’s Office software, to revive the industrial, agricultural and tourism sectors,” attributing the reasons for the delay to “a few customizations launched by the Central Bank Iraqi. ”
He Antoine, he expressed regret for “faltering loans and delay as a result of the presence of the red tape and sought to obstruct the advancement of the Iraqi economy and domestic production.”
He said economic expert, that “the Council of Ministers also approved the electronic card to follow up on loans in order to prevent corruption that has tainted”, describing it as “a good step, but came too late.”
Antoine pointed out, that “the private industrial sector identified the priorities of those loans such as projects with large employment and those that substitute for imports and add to GDP,” Mady said, “but the problem lies in the limited allocated to the industrial sector and inadequacy which requires a package of measures to support the sector loans industrial, including power and infrastructure in industrial zones and not to handcuff the demands of those loans and guarantees are impossible to provide. ”
The Central Bank of Iraq, announced in (the 23 of June 2015), the launch of the loan amounts medium and small enterprises by the Iraqi private banks beginning in July 2015, while between the loan amounts of up to 50 million dinars, he stressed that banks benefit will not exceed 5.5 percent .
It is noteworthy that the Iraqi private banks association, announced (13 September 2015), the Central Bank announced the launch of an increase of half a trillion dinars, the budget allocated to the financing of small and medium enterprises, to stimulate the private sector and promote employment opportunities for young people. LINK
[tlm724] noting that “the loan launched cabinet aimed at modernizing the production of the private industrial sector and encourage domestic production lines.
[tlm724] The Information Office of the Prime Minister Haider al-Abadi count, on Wednesday, (the first of June 2016), that the launch of residential, industrial and agricultural loans, amounting to six trillion and 500 billion dinars, constitutes a “quantum leap” for the restructuring of the Iraqi economy and address the “imbalance” suffered offline
noting that it aims to enable the private sector to take the role for the advancement of economic reality and overcome the difficulties they are facing, and to provide cash needed for the rehabilitation or the establishment of new factories and plants, and reduce the recession-induced decline in oil prices
http://www.bondladyscorner.com/t169029-federation-of-industries-proposes-to-lend-a-vital-project-in-2000-and-calls-for-the-involvement-of-project-map
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Economic Adviser: State the right to meet the tax rights of any party
05/06/2016 11:28 | Press special direction / The prime minister for economic affairs adviser to the appearance of Mohammed Saleh, said that the Iraqi state the right to meet the tax rights of any party.[/rtl]
Saleh said in an interview with “direction Press” that the state has the right to meet the rights, pointing out that there is no courtesy on public money under the Iraqi constitution, and must obtain the money from all sides, but according to assets.[/rtl]
He added that the money owed by the mobile phone companies must pay, due to the financial crisis faced by the country, stressing that the money smuggled abroad the day will come back to Iraq as money to the people and not money an individual or party, and the government will not cease to be claimed.[/rtl]
He called on all the taxes covered by the payment of benefits to which they will state whether mobile phone or other businesses or persons for these companies because the rights of the state and the people, especially that of the country in a major battle with terrorism and needs the money to stand against the Takfiri groups.[/rtl]
It is said that three operators of mobile phone operating in Iraq for many years, is the “Asian Seal” and “Cork” and “Zen – Iraq” and threatened the Commission services and reconstruction in Parliament, more than once to cancel the contracts of these companies and deal with other companies to operate telephone services in the country, especially as the CMC has not taken any legal action against those companies that went forth constantly criticism of ill-high services costs.
http://aletejahtv.org/index.php/permalink/114308.html
[tlm724] that the money owed by the mobile phone companies must pay, due to the financial crisis faced by the country, stressing that the money smuggled abroad the day will come back to Iraq as money to the people and not money an individual or party, and the government will not cease to be claimed
[tlm724] you tell em Saleh !
[tlm724] He called on all the taxes covered by the payment of benefits to which they will state whether mobile phone or other businesses or persons for these companies because the rights of the state and the people, especially that of the country in a major battle with terrorism and needs the money to stand against the Takfiri groups
It is said that three operators of mobile phone operating in Iraq for many years, is the “Asian Seal” and “Cork” and “Zen – Iraq” and threatened the Commission services and reconstruction in Parliament, more than once to cancel the contracts of these companies and deal with other companies to operate telephone services in the country, especially as the CMC has not taken any legal action against those companies that went forth constantly criticism of ill-high services costs.
[tlm724] better fix that and quick
http://www.bondladyscorner.com/t169035-economic-adviser-state-the-right-to-meet-the-tax-rights-of-any-party
