Dinar Updates

Chat Room Excerpts & Highlights
​rcookie says to Loopback   MONETARY & FISCAL UNNING IN HARMONY TO ACHIEVE FINANCIAL STABILITY…LEADING TO DESIRED ECONOMIC STABILITY….
clay says to rcookie   sorry but I am lost whats it all mean
jeffusa says to clay(   your just looking for a date and rate… lol
clay says to jeffusa   hey buddy 🙂
clay says to jeffusa   arent we always
Martha Sue says to clay   I’m with you Clay … ready for date and rate too! :D:D
jeffusa says to clay   40 more days till I start my 12th year of waiting
clay says to jeffusa   lets hope it doesnt get there
Loopback says to rcookie   Kind of spells out what they are wanting to do.
jarhead says to Loopback(   what do they want to do
clay says to jarhead   that was my question
jarhead says   fill me in pls
rcookie says to Loopback    (y)
jarhead says to rcookie   so whats new in DSI
Loopback says to jarhead   They are trying to make their monetary and fiscal policies to be the same in order to create a stable monetary envornment. THis lines up perfectly with what the IMF wants to see.(y)
jeffusa says to Loopback   thanks
jarhead says   then line right on up into my account!! 😀
jarhead says   excuse me……………BOOTS 😀
_firefly_ says(   Iraqi PM offers to pay Kurds’ salaries if Kurdistan halts its independent oil exports
Posted on February 16, 2016 by Editorial Staff in Economy, Politics, Politics
Iraqi Prime Minister Haider al-Abadi. Photo: AFP
BAGHDAD,— Iraq’s federal government will pay the salaries of the cash-strapped Kurdish region’s employees if it halts its independent oil exports, Prime Minister Haider al-Abadi said Monday.
Iraq’s autonomous Kurdistan region, facing a financial crisis due to low oil prices, has announced its employees will be paid partial salaries until further notice and that months of unpaid wages will be considered loans to the government.
“Give us the oil and I will give every employee in Kurdistan (their) salary,” Abadi said in an interview with Iraqiya state television.
rcookie says   DISCONNECTING THE LINK BETWEEN MOF AND 2 STATE BANKS WHILE PRIVATIZING & BREAKING UP….
jarhead says   thats great ifabadi holds up his end
jeffusa says to jarhead    “Give us the oil and I will give every employee in Kurdistan (their) salary,” Abadi said in an interview with Iraqiya state television.
Loopback says to _firefly    You mean the temporary oil agreement between Erbil and Baghdad?
_firefly_ says to rcookie    IMO it’s done, just renamed
rcookie says to _firefly=   NOW TAKE THAT…AND FACTOR I THE LAUNCH OF NATINAL OIL COMPANY…WHICH WILL DELIVER STRONGER CONTRACT & LICENSING POSITION WITH OIL COMPANIES….AND THE VEHICLE TO GET OIL ROYALTY SHARES TO PROVINCES & CITIZENS….
jarhead says   so leaving us behind in information
_firefly_ says to rcookie   BIGO my friend !
_firefly_ says to rcookie   BINGO
_firefly_ says to rcookie(   Those articles are lagging so bad lol
jeffusa says to jarhead   took the grandkids to see Kung Fo Panda 3…. there was a part that the villian was talking and the Panda kept saying chit chit chat chat chit chit chat chat… over and over again… reminds me of Iraq
jarhead says   lol
templejc says   MY HAND IS RAISED ::: SHOULD WE PUT OUR RV CLOTHS TOGETHER AND GET READY YO VISIT THE BANK?
clay says to templejc   lol good question
jeffusa says to templejc   naw … buy new ones
jarhead says   u need deodorant (lol)
templejc says to jeffusa   AND YOUR CREDIT CARD NUMBER IS ____ ____ _____ ____? (lol)
jeffusa says to templejc   use your dinar…. geez…..
luvmydream says   GM all
templejc says to jeffusa   I NEED CLOTHS TO GO TO THE BANK BUDDY
subgirl says to luvmydream   GM 🙂
jeffusa says to templejc   go naked… I bet you would get faster service
clay says to templejc   Im gonna streak 😎
jarhead says   Lord help us
rcookie says   CBI ARTICLE HAS HUGE STATEMENTS WITHIN………
templejc says to jeffusa   OK BUDDY I WILL – BREAKING NEWS ::: JEFFUSA WILL BAIL ME OUT OF JAIL
jeffusa says to templejc   you know it
templejc says to rcookie   STELLER NEWS ALL MORNING
rcookie says   HUGE….HUGE….HUGE….HUGE!!
rcookie says to Hutch   WELL SAID…IT SURE DOES….
HEARTLAND says   rcookie & firefly…I have been reading your comments for several days. Are you both feeling that we have a good chance of reaching our goal by the end of this month? Thanks
_firefly_ says to HEARTLAND   IMO it can happen at the blink of an eye
templejc says to BGG   TIME FOR A QUESTION?
templejc says to BGG   THE POST IN THE OBSERVER REGARDING THE GREEN ZONE AND THE MARCH 3RD DATE – DO YOU BELIEVE IN THAT OPINION? OR IS THIS THOUGHT JUST A BUNCH OF WISHIN OR LEFT FIELD THINKING?
jarhead says   he must be busy
templejc says to jarhead   YOU CAN ANSWER – BUT I REFUSE TO GET OUT OF LINE 😀
jarhead says   wow lol thanks lol
rcookie says=    WHEN LOOKING AT THE CBI STATEMENT TODAY ABOUT THE NEED FOR HOMOGENEITY OF MONETARY & FISCAL POLICY AS EFFECTIVE RESPONSE TO THE CRISIS…
AND ACHIEVING FINANCIAL & ECONOMIC STABILITY…BY LEGISLATING THE UNZIPPING OF THE LINK BETWEEN GOV’T BANKS AND THE MINISTRY OF FINANCE….
SO THEY CAN BE RESTRUCTURED TO IMPLEMENT LAWS & INSTRUCTIONS SMOOTHLY….(WHICH ALSO IS AN IMF MANDATE IRAQ WILL HAVE DONE BY END OF MONTH)…
rcookie says   I POSTED INFORMATION OF HISTORY OF STATE BANKS AND RELATIONSHIP OF FINANCE MINISTRY FROM THE CIA WEBSITE YESTERDAY….
rcookie says   I POSTED INFORMATION OF HISTORY OF STATE BANKS AND RELATIONSHIP OF FINANCE MINISTRY FROM THE CIA WEBSITE YESTERDAY….
templejc says to rcookie   THANKS FOR THAT
rcookie says   TO CONSIDER AS THE STATE BANKS ARE BROKEN UP AND PRIVATIZED….
jarhead says   see and u didnt get out of line
rcookie says   In response to Rafidian Bank’s inability to service the country’s banking needs, in the early 1970s the CBI and the MoF proposed to the government that a new state-owned bank be licensed.
As a result, in 1988 Rasheed Bank, also owned by the MoF, was licensed. In addition to serving the private sector, Rasheed Bank and Rafidian Bank soon took over much of the banking business of state-owned enterprises, relieving CBI of that function.
rcookie says   MOF OWNS THESE BANKS!!!!!!!!
templejc says to jarhead    (lol) I DONT LIKE LINES
jarhead says   lol
rcookie says   The Ministry of Finance was responsible for overseeing budgets of several ministries as well as the state-operated banking system. Currently, the six state-owned banks (Rafidian, Rasheed, the Agricultural, the Industrial, the Real Estate, and the Socialist) account for about 93 percent of banking system assets. There are also 18 private banks with capitalization of $25 million and deposits of $107 million.
templejc says to jarhead   OK – GOT TO GO GET SOME FOOD – RCOOKIE YOU GUYS ROCK – THANKS FOR ALL YOU BRING THE THE HOURS YOU SPEND ON US THE UNINFORMED
rcookie says   The 18 private banks were established in an effort to handle local depositors’ financial needs and reform as well as modernize the banking sector. These banks remained small, in part because most Iraqis did not think it was safe to put their money in banks.
Figure 36 lists both the state and privately owned banks of Iraq, including branches, establishment date and capital assets remaining after OIF
rcookie says   AND HERE IS THE STRUCTURAL ORGANIZATION OF THE CBI…..
subgirl says to sheila3   there ya go 🙂 thanks sheila 🙂
rcookie says   Organization of the CBI
The CBI was composed of five main departments, plus support elements (see Figure 37).
Department of Investment. This department maintained account information for foreign accounts.
Department of Accounting. This department maintained the employee accounts of the CBI.
Department of Exchange. This department licensed money exchangers.
rcookie says   The Presidency was also the authorizing authority for transferring money to other ministries. Any order for funds received by the MoF was sent to the Director of the CBI, Isam Rashid al-Huwaysh. Any disputes between al-Huwaysh and al-Azawi were settled by Saddam.
When hard currency was collected in the CBI, it was allocated to the ministries that needed hard currency to buy things internationally, such as the Ministry of Health. Because hard currency was in such short supply, the ministries that received it had to pay it back in Iraqi Dinars.
rcookie says   The CBI did not make extra payments directly to any ministries or to the Diwan, including the IIS and the MIC. Payments were made to the MOF accounts at the Rasheed and Rafidian Banks, and then distributed. At the end of the month, the CBI would send an account of what was sent to the Rasheed and Rafidian Banks to the MoF.
After two or three days the MoF would instruct the CBI to print Iraqi Treasury Bonds as an accounting procedure to balance the books. Iraq did not have a more formal economic or rigorous monetary policy.
rcookie says   JUT SOME INSIGHT TO THE CBI/MOF INTERFACE..
THE 2 BIG STATE BANKS ARE BEING BROKEN UP & PRIVATIZED…BECAUSE THEY DOMINATE & CONTROL TOO MUCH OF IRAQS CURRENCY AND FIACIAL PROGRAMS WHICH HAVE UNDERMINED THE OTHER BANKS ABILITY TO EXECUTE DEVELOPMENT & INVESTMENT PROGRAMS…
WHILE PROVIDING VERY LITTLE RETURN IN REVENUES TO GDP…..WHICH THEY HOPE TOO GROW BY EMPOWERING MORE BANKS……..
Loopback says to rcookie    (y) Great information
Loopback says to rcookie    It means the playing field will be level for all of the banks and flow should flow much better, which creates LIQUIDITY.
jarhead says(   thats great for liquidity as u say butwithout value how does it help??
rcookie says to Loopback   AND THEY CAN ACTIVATE MORE OF THE DEVELOPMENT & INVESTMENT PROJECTS…
Loopback says to rcookie   LOL – and the money should flow..
Loopback says to jarhead   it’s all tied together.
jarhead says   yall lost me lol
rcookie says to jarhead   ITS LAYING THE TRACKS FOR THE FINANCIAL & ECONOMIC FREIGHTRAIN ABOUT TO RIP THROUGH IRAQ….
jarhead says   kool!!!!!!!!!!!
Loopback says to jarhead   liquidity greases the economic engine, which should increase damand for goods and services, which in turn blows the roof off of the value of the pink paper you holder.
jarhead says   as i said 12 days left in feb !!
rcookie says   DOESNT MAKE SENSE TO HAVE WATER TURNED ON AT THE MAIN…WHEN ALL THE INDIVIDUAL SHUT-OFFS TO RECEIVE ARE TRNED OFF…..NOTHING FLOW…OR HAPPENS….
jarhead says   makes sense
jarhead says   im not very money savvy
R&R says to jarhead   Iraq has 11 days, 3 hours, and 1 minute…. but who’s counting? LOL
jarhead says   guess i’d better get that way lol
jarhead says   r&r lol
wmawhite says to R&R   what happens in 11 days for Iraq?
jarhead says   the other genious is in da hose!!!!!!!!!!
jarhead says   ga mr white sir
djmckaytx says   Just want to make sure everyone has seen this…
http://www.reuters.com/article/us-mi…-idUSKCN0VQ22F
http://www.reuters.com/article/us-mideast-crisis-iraq-radiation-idUSKCN0VQ22F
Radioactive material stolen in Iraq raises security fears
wmawhite says(  Help me folks,……..I don’t understand what the end of February has to do with Iraq.
jarhead says   we’re hoping monetary change
jarhead says   to exchange 😀
R&R says to wmawhite   I do not know what will happen, but I know the IMP SMP/MOU has requested (mandated?) that they end MCP and auctions….
wmawhite says to jarhead   Ohhhhh, still don’t understand because the change can happen tomorrow or in April or at any time.
jarhead says   right
R&R says to wmawhite   that is 100% correct…anytime
jarhead says   jus wishful thinkin
wmawhite says to R&R   Exactly……and we see reason to believe that those items are taking place.
wmawhite says to R&R    (y)
R&R says to wmawhite   BTW *IMP = IMF (above)
wmawhite says to R&R(   understood
rcookie says to R&R   IMP=IRAQI MOTOR POOL….
R&R says to rcookie   LOL … or Immunity for Ministers, Please?
Loopback says   So approximately 2 weeks ago the US said the Iraq need to do something about the Popular Crowd. Then Sadr comes out and says that the Crowd needs to because part of Iraqs regular army. Then this announcement comes out!
jarhead says    yall mean iraqi money pit (:o)
Loopback says   Curtail the influence of militias, the crowd laid off a third of its fighters
Writings   Wednesday , February 17, 2016
Began criticism went to the militia Popular Mobilization Forces in Iraq Order to reduce the role and prevent Ngolha where today announced it was laying off a third of the fighters of this military formation but under the pretext of the financial crisis experienced by the country ..
And announced the leadership of the popular crowd today announced the layoffs third elements popular crowd of Iraqi militias fighting organize “Daash” citing the financial crisis experienced by the country without giving further details in its statement, issued Wednesday, where I took these militias committed serious violations in the name of the crowd, which form the basis for the fight against these violations Daash but also affected the Iraqis.
Loopback says   But Iraqi sources questioned the fact demobilized elements of the crowd this the decision came after 24 hours of the announcement manageable crowd orders to arrest what it called “impersonators recipe popular crowd” in a tacit admission of the excesses of its elements ..
as required orders in coordination with the Baghdad Operations Command to close what it said were ” headquarters delusional “to factions of the crowd according to the law and the orders of a judicial it orders issued by the deputy chief of the crowd Abu Mahdi Mohandes known that he was one of the elements of the Iranian Revolutionary Guards when he was in Iran on the run from Iraq in the era of the former regime.
Loopback says   After 20 months of the formation of the popular crowd began fingers official went to the leaders and elements of the excesses and financial corruption is obviously aimed to curb lawlessness operations that accompanied his career since he called for the formation top Shi’ite cleric Ali al-Sistani after the occupation of Daash the northern city of Mosul and threatened to march on the cities of Najaf and Karbala, the holy Shiite in June year 2014.
According to the leaders of the crowd that the number of elements of one hundred thousand armed but a semi-official sources say that the number of no more than 60 thousand, raising suspicions of corruption in the preparation of its elements in the salaries of the theft of their names only in the lists formed falsely.
17&p=145280#post145280    broken link
jarhead says   so they want the people to fight for the country for free ??
Loopback says   Last Monday Prime Minister Haider al-Abadi called on the leaders of the crowd to detect and combat corruption and said that the popular crowd management problem of increasing number of outside customizations. He explained that “there are aliens are paid salaries in the crowd instead of the Mujahideen fighters in the battlefield.”
He accused al-Abadi views unnamed possession of a small portion of the fighters in the popular crowd, but earn big salaries and to fund themselves in the next election.
Loopback says    The Taiviyh practices of the elements of the crowd through the liberalization of the city of Tikrit, the capital of Salahuddin province, Western last summer has sparked internal and external criticism against him to the extent of being accused of crimes a war against humanity.
This prompted States and Iraqi forces to prevent the crowd from participating in the liberation of Ramadi, capital of western Anbar province, the city which is the same thing, which is currently the subject of debate about the participation of the crowd in the battle to liberate Mosul ahead or not.
Iraqi sources spoke of her “Culture” revealed a trend toward annexation The crowd organizationally to the security forces to put it under the command of the commander in chief of the armed forces, which Abadi same actual command to limit the clout and puts them under the control of the military leadership.
Loopback says   The sources said that the other solution is to limit the influence of armed militias is the current trend of the House of Representatives to approve the conscription law, which will lead to young Iraqis from all sects and nationalities involved in the formation of security forces that strike a balance where the components of the Iraqi Sunnis complain that their representation in these forces not exceed the proportion of 15 percent, which he referred to President of the Council, Salim al recently.
http://www.kitabat.com     LINK
Read More :
http://www.dinarupdates.com/showthread.php?30157-Curtail-the-influence-of-militias-the-crowd-laid-off-a-third-of-its-fighters-2-17&p=145280#post145280
Loopback says   Iraqi sources spoke of her “Culture” revealed a trend toward annexation The crowd organizationally to the security forces to put it under the command of the commander in chief of the armed forces, which Abadi same actual command to limit the clout and puts them under the control of the military leadership.
Loopback says   THEY NEVER GET ANYTHING DONE IN IRAQ. SLACKERS!! SLACKERS I TELL YA!!
luvmydream says(   WOW ty LOOP
Loopback says   LOOKS LIKE THEY MAY HAVE GOTTEN THE MESSAGE. WHAT DO YOU THINK?
luvmydream says to Loopback   wasn’t the popular crowd request the same time as the 71 names?
rcookie says   YES…AND UNDER CONSCRIPTION THEY ARE ALL GOING TO SERVE ANYHOW…
Loopback says to luvmydream   I was about the same time if not at the same time. Not really sure.
luvmydream says   cool they are really getting on it and getting stuff lined out. amazing to watch this unfold!!!
Loopback says to rcookie   Server under who. THE PRIME MINISTER!!!
rcookie says to Loopback   UNIFIED NATIONAL FORCE….
rcookie says to luvmydream   LUV …REGARDING QUESTION ABOUT MCP AND AUCTION HALT…
Loopback says to rcookie   ANOTHER HUGE PIECE OF NEWS!!. ARE YOU GUY PUMPED OR WHAT?
Loopback says to rcookie    GUYS..
luvmydream says   everyone must be napping 😀
Loopback says to rcookie   or are all of you dead??
Loopback says to rcookie   Is this this on. Testing 1 2 3…
rcookie says to Loopback   NO SIR LOOP…
rcookie says to Loopback   LOL
jarhead says   456
JD1 says   stunned
rcookie says to Loopback   SAY MALIKI…
luvmydream says   lmbo
rcookie says to Loopback    OR PALACE…
luvmydream says    (lol)
larrykn says      hi all, ok what did I miss lol
Loopback says to rcookie(    WHAT MALIKI EXPLODED!!
rcookie says to Loopback    LIKE CATNIP….
clay01 says    say new rare
rcookie says to Loopback    OR BAT SIGNAL TO PABLO….
clay01 says    rate
Loopback says to rcookie    AND ALL OF THE STOLEN DINAR RAINED ON THE STREETS!
Loopback says to rcookie    WOW!!
larrykn says    rate did someone say rate 🙂
rcookie says to Loopback    😀
luvmydream says to larrykn(     Loop just brought in an awesome article about the popular crowd 🙂
larrykn says    has it been copied yet
clay01 says    just tuned in
rcookie says to luvmydream    NOT THE ONES FROM HIGH SCHOOL….
larrykn says    where is our copier 😀
Loopback says to larrykn     http://www.dinarupdates.com/showthre…280#post145280
http://www.dinarupdates.com/showthread.php?30157-Curtail-the-influence-of-militias-the-crowd-laid-off-a-third-of-its-fighters-2-17&p=145280#post145280
larrykn says    ty loop
Loopback says to larrykn    🙂
clay01 says    thks
rcookie says to luvmydream     HERE IS VERBIAGE OFF OF SIERRA LEONE IMF ARTICLE IV CONSULTATION AND MCP PROGRAM….
jimplants says     i have been on our governments property since monday with an awesome 1920s internet absolutely none so i have some catching up to do
arhead says    semi civilization anyways lol
rcookie says to luvmydream    https://books.google.com/books?id=Wj…%20MCP&f=false
LINK
jarhead says    so if they stop the auctions is this a big green light for us ??
luvmydream says to rcookie    TY
rcookie says to luvmydream    INTERESTING THAT END OF 1ST PARAGRAPH THEY STATE THEY CONTINUE TO AWAIT TECHNICAL ASSISTANCE BY THE FUND TO PUT INTO PLACE APPROPRIATE SAFEGUARDS IN THE AUCTION SYSTEM TO PREVENT RE-INTRODUCTION OF MCP’S….
luvmydream says to rcookie    yeah that is very interesting and kinda exciting
rcookie says to luvmydream    IRAQ IS AND HAS BEEN UNDER TECHNICAL ASSISTANCE PROGRAM…
jimplants says    to prevent re-introduction sounds mighty fine
luvmydream says to rcookie    yup that’s what makes that soo exciting to see
rcookie says to luvmydream    NOW RAD THIS ONE FROM LESS THAN A MONTH AGO REGARDING NIGERIA….
rcookie says to luvmydream    READ*
rcookie says to luvmydream(12:49 PM):
CBN stops daily currency auction for banks
By Chijioke Nelson on January 18, 2016 2:00 am
rcookie says to luvmydream    Dollar may sell for N320 at parallel market this week
STILL exploring ways of conserving foreign exchange (forex), the Central Bank of Nigeria (CBN) has discontinued its daily auction to banks . The banks are now to begin self-sustenance by sourcing forex by themselves.
The development may mean that the regulator will now be intervening in the foreign exchange market occasionally and will leave banks with the determination of how much of the deposited foreign currencies by the customers will be disbursed back to them.
rcookie says to luvmydream    CBN had on Monday unveiled a new foreign exchange plan, in which bureau de change (BDG) operators were shut out of the official weekly intervention.
But an analyst who spoke to The Guardian on a condition of anonymity said the move was a subtle approach similar to that of the BDCs.
The Director of Financial Market, CBN, Emmanuel Ukeje, affirmed the apex bank’s position, saying: “We will not sell (dollars) on a daily basis any more. Whenever we do the auction everybody bids.”
Before now, commercial banks used to make naira provisions to the CBN with their bid for foreign exchange ahead of the auction, which is conducted daily for sectors.
rcookie says to luvmydream    HERES THE LINK….
http://www.ngrguardiannews.com/2016/…ion-for-banks/
http://www.ngrguardiannews.com/2016/01/cbn-stops-daily-currency-auction-for-banks/
rcookie says to luvmydream    SO IT LOOK AS THOUGH THERE CAN BE A WEENING PROCESS OR ABRUBT HALT TO THE MCP/CURRENCY AUCTIONS…..
rcookie says to luvmydream    DEPENDING ON CIRCUMSTANCES…
Pablo says    Let’s hope for abrupt halt.
luvmydream says    it’s been steadily decreasing so thats awesome 🙂
luvmydream says to rcookie    Thank you very much for all that info
jarhead says to rcookie    thanks for splainin it in dummie english 🙂
poppy3 says    just reported to me IRAN IRAQ NOT ONLY EFFECTING US IT IS HOLDING UP THE ENTIRE CBI WANTING AND NEEDING TO RAISE THEIR RATE AND ARE ASKING IRAQ CBI TO GET ON WITH REFORM. ‘
REPORTED THEY ARE STALLING RECOVERY FOR THE ENTIRE MIDDLE EAST. GUYS I STILL THINK THEY WILL ANNOUNCE NEW RATE SOMETIME BETWEEN NOW AND THE END OF THE FIRST WEEK OF MARCH.
TIME WILL TELL BUT I LIKE WHERE WE ARE TODAY. OH ALSO MY OPINION ABADI RESIGNING IS JUST A SHOW HE’S NOT GOING ANYWHEREHE HAS WORKED TO HARD TO GET THEM HEADED THE RIGHT DIRECTION. POPPY3
jarhead says    we’ll see
luvmydream says    thanks POPPY3
dwightj says   ITS GETTING CLOSER AND EVERYONE IS MOVEING THIER DATES BACK WAITING ON SOMETHING
poppy3 says   IM GOING TO TAKE A NAP THEN GET UP AND COUNT MY DINAR. POPPY3
Loopback says    Open letter to Mr. Prime Minister road map for overcoming the economic and financial crisis to Government technocrats sought
– POSTED ON 17/02/2016
Since 2003 until present, the Iraqi economy has suffered from the loss of economic planning and policy strategies and weak dispersion and chaos and confusion in the administration of the economy and various sectors, leading to double its contribution to GDP and the focus was on oil as the main supplier of economic resources which limits (56%-60%) Of GDP and 93% of the total budget revenues.
Read More :
http://www.dinarupdates.com/showthread.php?30159-To-Mr-Prime-Minister-road-map-for-overcoming-the-economic-and-financial-crisis-Gov&p=145283#post145283
Loopback says    t was the Iraqi economy walking man one and the other lame, which contributed to the aggravation of the problems is the mismanagement of public funds and administrative and financial corruption and marginalization and national economic cadres dimensions (technocrats) on the management of economic actors in addition external economic conditions including the instability in oil prices and the rise and decline and the inability of the previous Governments of sovereign Fund (reserve) when oil prices rise as the rest of the oil producing region.
Loopback says    And unsettling economic process in Iraq and its complexity is the lack of fiscal and monetary policy in a clear and specific objectives and strategies, which resulted in a lack of control over fixed rates and balanced exchange rate of the Iraqi dinar against foreign currencies, adding that some applications of monetary policy as the auction sale of daily currency contributed to leak large amounts of foreign currency outside Iraq like importations or unreal (laundering). this happens with confused vision for coordination between fiscal and monetary policies.
Loopback says   All these reasons added to instability, insecurity and the war on terrorism and theft of public money and the lack of accountability of spoilers and the inability of the competent authorities on contraband stolen funds bringing the country to the current economic and financial crisis and the economy, where the economy is currently in a phase of recession and economic collapse
To continue reading click on the following link to download a print-friendly PDF
Sameer Al-Nusairi- Open letter to PM Abbadi – PDF FILE
http://iraqieconomists.net
Read More :
http://www.dinarupdates.com/showthread.php?30159-To-Mr-Prime-Minister-road-map-for-overcoming-the-economic-and-financial-crisis-Gov&p=145283#post145283
Loopback says   This is only part of the entire PDF. I have the PDF linked in the news forum. It’s in Arabic so it will have to be translated to your favorite language.
wilson6060 says to poppy3   I am sorry, is that saying Iran is holding things up and the CBI is wanting to move forward with reforms..just a little confused and Thank you so much for all your posts.
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