Chat Room – News Excerpts & Highlights
larrykn says():gm Everyone 🙂
larrykn says():Governor of the Central Bank: To cancel the dollar sale window, if canceled to become exchange rate 3 or 4 thousand and perhaps more
The governor of the Central Bank of Iraq on the right to stop selling the dollar through the window selling currencies in the bank will lead to the collapse of the Iraqi dinar financial situation in Iraq in general, stressing that the central bank is obliged to carry out this task, even if reluctant to perform this role to collapse the financial situation in Iraq.
Al-Alak said in an interview with the envoy of the agency “Economy News” on the sidelines of the annual conference of the Union of Arab Banks, which was held in Beirut recently to close the dollar sale window to become dollar exchange rate between 3 and 4 thousand dinars, and perhaps more.
“The governor will also be forced to cancel the window to print trillions of Iraqi dinars annually to cover the local need for dinars, which will lead to the collapse of the Iraqi currency because of inflation, or known as excessive cash.
On the prospects of floating the Iraqi dinar like other countries in the region, said the relationship is not on the current situation, and we are working on the liberalization of the process and not float, and the difference between the big
He denied the existence of a currency auction in the Central Bank, but the window of sale of foreign currency, stressing that the central mediator between the Ministry of Finance and the public is nothing but.
Turning to the experiences of Lebanon and Jordan, in the field of maintaining the stability of their currencies, explaining that the situation in Iraq is different
He noted that the solution in Iraq lies in reducing the demand for the dollar by correcting the structure of the Iraqi economy, not by refraining from selling the dollar.
The governor stressed the central bank’s efforts to settle salaries of employees in private banks, stressing the existence of a trend to settle all salaries of Iraqi employees during the next year 2017 in banks.
The governor of the Central Bank welcomed any request to host the House of Representatives, stressing the importance of meeting with Parliament, based on the fact that monetary policy is a specialized issue can not be addressed from afar, or through skirmishes and inaccurate analyzes.
The text of the dialogue with the governor will be published in the forthcoming issue of the Iraqi Banks Magazine issued by the Association of Iraqi Private Banks SOURCE
ol lar says():This is very closee to another article about a month ago but seems a little different
larrykn says to ol lar():this one came from the CBI govenor today , I find this a very good article considering that Mosul is about over and it looks like the CBI is about to pull the trigger
ABNewsflash says():Counterterrorism forces are moving towards new targets in Ayman Mosul
Sunday 7 May 2017 – 03:34 PM Deputy head of the anti-terrorism team, Major General Manaf al-Tamimi said that the next twenty-four hours will witness the movement of its forces towards new targets according to the plans set for them after completion of the clearing of areas liberated by Ayman Mosul recently such as the neighborhood of revolution and tink, railways and relics.
As for the return of the people to the revival of the revolution, Al-Tamimi told Al-Marbad radio that the current situation is not allowed to return by virtue of the control of the organization calling the terrorist on the front areas close to those neighborhoods,
while the areas behind them are safe and the people can return to it, He pointed out that the process of returning the displaced people to these three neighborhoods (the revolution of railways and tanks) will take place after the start of the military operations expected to secure those front areas nearby.
Al-Tamimi stressed that stopping the anti-terrorist forces from advancing towards the Al-Islah al-Agra, Wadi Akkab and other neighborhoods in charge of liberating them is in the interest of the success of the battle against terrorism, especially after the recent change in military plans.
Indicating that the forces of the ninth division of the army and the rapid response in the federal police are moving forward from the north and west.
Tamimi pointed out that the exit of terrorists from the areas besieged by the security units has become very difficult and left to the elements calling for either death by the security forces or infiltration with the displaced, but this is also risky for the terrorists because of the existence of a complete database of the security services for T
he names, photographs and numbers of elements of the organization, as well as that some of the displaced themselves tell the security units about terrorists infiltrators.
ABNewsflash says():Good Morning everyone hope your day is Blessed and filled with Joy! 🙂
ABNewsflash says():Japan contributes additional US$16.7 million to stabilization and resilience in Iraq May 7, 2017
ABNewsflash says():Baghdad – The Government of Japan has contributed an additional US$16.7 million to UNDP’s Funding Facility for Stabilization (FFS) and Iraq Crisis Response and Resilience Programme (ICRRP) to promote stabilization, recovery,
and resilience-building in areas liberated from the Islamic State of Iraq and the Levant (ISIL), and in areas with large displaced populations. This new funding brings Japan’s total contribution to FFS and ICRRP close to $60 million since 2014.
Based on priorities identified by the Government of Iraq and local authorities, FFS helps quickly repair public infrastructure, provides grants to small businesses, boosts the capacity of local government, promotes civil engagement and community reconciliation, and provides short-term employment through public works schemes.
Japan’s additional contribution to FFS will support the rapid rehabilitation of key infrastructure and provide livelihood support in newly liberated areas, including in Mosul.
Japan’s contribution to ICRRP will support grants to small businesses, employment activities and the rehabilitation of infrastructure and housing in areas with large populations of displaced people as well as in newly liberated areas. Funding for ICRRP will also be used for community reconciliation and peace education amongst different ethnic and religious groups.
UNDP Resident Representative for Iraq, Ms. Lise Grande, said: “Helping to stabilize cities and districts is one of the most important things UNDP is doing in Iraq. Most of Mosul is already liberated, and the rest will be soon.
We are moving very quickly to repair public infrastructure but there is a huge amount to do. Japan’s contribution will help us to rapidly expand our work. This is going to make a big difference.”
The Japanese Ambassador to Iraq, Mr. Fumio Iwai, said: “Japan has been in close cooperation with UNDP since the earlier stage of liberation process in the areas under ISIL control.
The initiatives taken by UNDP for accelerating stabilization and enhancing resilience in newly liberated areas are indispensable for those affected by the on-going crisis in Iraq to recover their original lives. We spare no effort to support Iraqi people for their better future.”
Established in June 2015, FFS is working in newly liberated areas in Anbar, Salah al-Din, Ninewah and Diyala Governorates.
More than 700 projects are completed or being implemented across 22 locations. Since the start of the crisis, over 1.6 million people have returned to their homes.
UNDP’s ICRRP provides fast-track support to vulnerable families in newly liberated cities and villages where social tensions threaten community cohesion. ICRRP is designed as a resilience and recovery programme to help families withstand the multi-dimensional shocks associated with post-liberation and large-scale returns.
tycho says():Was seeing on Facebook this morning, that the ladies in Iraq (Mosul) are driving again. Must say that do have nice cars.
tycho says():BGG are we going to have you on live chat on Facebook tonight?