Dinar Updates

Chat Room – Excerpts & Highlights
rcookie says():Abadi : States optimistic that Iraq would be the best in the region
23/09/2016   Said Prime Minister Haider al-Abadi, said Friday that most of the countries in the world is optimistic that Iraq will be the best in the region.
Ebadi said in a televised speach, after his return from New York, and followed up “tomorrow Press” that “through ongoing meetings with heads of State in New York, we were able to note the optimism of the world that Iraq would be the best in the region in the coming years”.
Abadi said that “iraq DAI considerable support from countries around the world to Iraq after the liberation of Mosul”.
The Information Office of the Prime Minister Haider al-Abadi, had announced earlier in the day Friday, Abadi return to the land of Iraqafter concluding his visit to New York.
The Prime Minister Haider al-Abadi arrived last Monday to New York on an official visit to attend the meetings of the General Assembly of the United Nations at its 71st.
rcookie says():yep….sure wish there were some sign of other countries confidence in iraq
rcookie says():CESSPOOL……LOL
jfd says():Thanks RC.
jeffjane says to rcookie(GM – Have you seen any info if they had the 2nd reading of the Investment law today?
rcookie says():Abadi, the Iraqi Parliament calls for the provision of new ministers
BAGHDAD Baraa al – Shammari    September 24, 2016     He called the deputy speaker of parliament, Aram Sheikh Mohammed, on Saturday, Prime Minister Haider al-Abadi, to resolve the ministerial cabin file, and display a list of alternative candidates for the vacant ministries, and the ministers who had been the withdrawal of confidence from them, stressing the need to submit names to the House of Representatives quickly, from in order to complete the process of voting on them.
“We must complete the bench for the ministers of defense, interior, finance, commerce and industry profile; because it is key ministries, and should not be left without a minister,” he said in a statement that the ministries management proxy useless, and do not serve the public interest, particularly the security ministries that require effective management and leadership directly Minister of person.
Names of candidates will include the ministries of defense, interior, finance
He stressed Sheikh Mohammed, the need to enjoy the new ministers of scientific expertise and sufficient admissibility and good reputation in the political center.
He stressed that the parliament prepared to vote on the cabinet bench, in the case has been brought in accordance with the legal requirements and professional standards.
Furthermore, he said the Iraqi parliament member Razak al-Haidari, said the Prime Minister Haider al-Abadi will present candidates for the vacant ministries names, this week, saying in a press statement that the names of the candidates display will include the ministries of defense, interior and finance.
And the voice of the Iraqi parliament, on Wednesday, on the dismissal of Finance Minister Hoshyar Zebari, on charges of corruption.
What led to the outbreak of the political crisis between Baghdad and Erbil, as the Iraqi parliament voted to dismiss Defense Minister Khaled al-Obeidi in August / August last, gave Interior Minister Mohammed Ghaban his resignation last July, on the back of the Karrada bombing, which killed hundreds of Iraqis killed and wounded .
And the holding of the Iraqi parliament on Saturday, headed by its Saleem al-Jubouri, and the presence of 173 deputies.
rcookie says to jeffjane():YOU MEAN FINANCIAL MANAGEMENT LAW….AND NO NOT YET…
BGG says to rcookie():Good Morning sir.
rcookie says to jeffjane():TODAY PARLIAMENT WAS SUPPOSED TO BE DOMINATED BY THE PROPOSAL TO BREAK NINEVEH INTO 2 PROVINCES…
rcookie says to BGG (:):GM BGG…
jeffjane says to rcookie():TY
BGG says to rcookie():Thank you for sharing your due diligence with everyone.
rcookie says to BGG():(y)
subgirl says to rcookie():GM 🙂 yes thank you for sharing your news!!! 🙂
rcookie says to BGG():PLEASE LOOK AT THAT STATEMENT FROM ABADI ABOUT HIS AND THE WORLDS OPTIMISIM ABOUT IRAQ BEING THE BEST IN THE REGION…..
rcookie says():Abadi : States optimistic that Iraq would be the best in the region23/09/2016Said Prime Minister Haider al-Abadi, said Friday that most of the countries in the world is optimistic that Iraq will be the best in the region.Ebadi said in a televised speach, after his return from New York, and followed up “tomorrow Press” that “through ongoing meetings with heads of State in New York, we were able to note the optimism of the world that Iraq would be the best in the region in the coming years”.Abadi said that “iraq DAI considerable support from countries around the world to Iraq after the liberation of Mosul”.The Information Office of the Prime Minister Haider al-Abadi, had announced earlier in the day Friday, Abadi return to the land of Iraqafter concluding his visit to New York.The Prime Minister Haider al-Abadi arrived last Monday to New York on an official visit to attend the meetings of the General Assembly of the United Nations at its 71st.
rcookie says():AMF: 7.8% inflation rate in the Arab countries during 2016 By Roudao one hour ago
Arab Monetary Fund building in the UAE capital
Roudao – Erbil    According to an economic report data on Saturday, it is expected to reach the inflation rate in the Arab countries as a group during the current year, at 7.8%, while the increase to 8.5% next year.
The report issued by the Arab Monetary Fund, that “inflation rates in most Arab countries increased during the first months of the current year due to the rise in food prices, and a range of fuel and energy.”
Most of the Arab countries and has pursued the application of targeted policies to rationalize government support levels, especially ones aimed petroleum products, taking advantage of the survival of the world prices of oil and basic commodities at low levels, which reduced the occurrence of strong increases in the rates of inflation in these countries in general.
The report, titled “Prospects for the Arab economy”, that “the general level of prices in some countries, was also influenced by Bhetwasal bottlenecks in the supply of basic goods chains as a result of local conditions taking place in those countries, in addition to inflationary pressures generated by the increasing number of displaced people from some areas.” .
The aggregate of the factors referred to in the previous report, the Fund has reduced the growth rate of the Arab countries as a group through 2016 by about 0.3 percentage points compared to expectations contained in the prospects of the Arab economy in March / March last to issue a report, to 2.6% in the current year.
The report predicted “a relative improvement in the rate of economic growth to about 3.1%, benefiting from the gradual recovery of economic activity in both oil-exporting and importing Arab countries as a result of a number of factors.”
The Arab Monetary Fund, based in the UAE capital Abu Dhabi-based, was created as a financial institution by the Arab countries in 1976, in order to contribute in correcting the imbalance in the balance of payments of the Member States and the stability of exchange rates between the Arab currencies, and its membership includes 22 countries
rcookie says():SO THE AMF REPORTS THE REGIONAL INFLATION RATE TO BE 7.8% AND GRPW TO 8.5% NEXT YEAR……AND IRAQS INFLATION RATE IS………………….
DIGIman1 says():right on target 🙂
rcookie says():IN SPITE OF THEIR CURRENCY VALUE…LACK OF A BOURSE….MASSIVE MILITARY SPENDING…5 MILLION PLUS DISPLACED…AND OH YEAH THE GREATEST WAR ON TERRORISM IN HISTORY OF MANKIND…
rcookie says():LESS THAN 1%…ACTUALLY ALMOST AT0….
subgirl says to rcookie():WOW! that is something else! less than 1 %?
rcookie says():HAKIM IS SAYING ALL THE RIGHT THINGS…..
rcookie says():24-09-2016 03:43 PM Hakim calls to overcome all the differences in the parliament
He met with the National Alliance leader Ammar al-Hakim on Saturday, with a delegation from the Patriotic Union of Kurdistan (PUK), headed by Ala Talabani to discuss the issue of Kirkuk provincial council elections.
A statement by the mass of citizens that ‘Hakim received a delegation from the Patriotic Union of Kurdistan (PUK) in his office in Baghdad, said during the meeting on the need for the adoption of the most important laws of the Federal Court Act, especially in order to overcome all the legal shenanigans and go to work according to the agreed constitutional frameworks’.
He called the National Alliance, the leader of all the political blocs and parties concerned ‘need to be done all the differences exceeded within the parliament as the highest legislative and supervisory institution and Halhh crisis between Erbil and Baghdad. ”
He said he ‘was discussed during the meeting the issue of elections in the Kirkuk Provincial Council, which will hopefully take place in accordance with the election law and the participation of all the components of the province. ”
JustNTime says():GM all, I was reading some shabibi articles this morning and wanted to share one from the past.
JustNTime says():August 14, 2011   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.
Continues …
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.
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 power again.
rcookie says():IRONICALLY…THERE WAS NO BUDGET IN 2014…
rcookie says():AND SHABIBI HAS ALWAYS CONSISTANTLY STATED INFLATION AS BEING SINGLE BIGGEST FACTOR IN CURRENCY REFORM..
subgirl says to rcookie():and look at where they are getting the 2017 budget set… WOW!
rcookie says to JustNTime():GOOD STUFF…
rcookie says to JustNTime():TY
rcookie says():HERES WHAT HAPPENED IN PARLIAMENT TODAY…….
rcookie says():House reads the law on Witness and postpones vote on public holidays
24-09-2016 03:40 PM   Directed presidency of the parliament to include the subject of a request rejected the division of Nineveh calls on Monday’s session agenda
A parliamentary source said Parliament Speaker Salim al-Jubouri, during its regular nineteenth, which was held under the chairmanship of Salim al-Jubouri, and the presence of 173 deputies to include a request subject refused to divide the Nineveh calls on Monday’s session agenda as the House of Representatives read the Witness Protection Act, in order to vote on the draft Holidays Act .
The source said that the parliamentary defense and security committee read the first reading of a bill to protect witnesses, experts and whistleblowers law, victims and added that the House of Representatives during its meeting in order to vote on the draft law of public holidays at the request of the Committee of Religious Endowments
As directed chairman of the parliament committee for water and marsh Parliament to take measures to curb the epidemic Nile flower communion with the relevant governmental bodies procedures.
He said Parliament Speaker Salim al-Jubouri referred the proposal to include a paragraph Ghadir Feast of public holidays to the law of the Committee of Religious Endowments for discussion – See more at:
http://translate.google.com/translate?depth=2&hl=en&prev=search&rurl=translate.google.com&sl=ar&u=http://www.dijlah.tv/index.php%3Fpage%3Darticle%26id%3D191877#sthash.0uPaQ4AF.dpuf
rcookie says to JustNTime():        Najaf governor: will be hosting in the parliament next month on the old files
Saturday , 24 September 2016 13:33   Alsumaria News / Baghdad The Governor of Najaf Luay al-Yassiri, Saturday, the House of Representatives plans to host in the 18th of next October, attributing the reason for it to matters relating to old files at the time of the previous administration.
Yasiri said in a statement Alsumaria News received a copy of it, “the House of Representatives intends to having me in (18 October 2016), based on a request made by the MP Hashem al-Moussawi,” praising “the supervisory role of the Iraqi Council of Representatives and is doing in his work, and we will be they have at the same time. ”
He said, “What will be discussed with matters relating to old files in the previous administration time,” adding that “Ranking will be around the airport file, which we do not have a direct relationship with him being managed by a board of directors with full powers and will invest an opportunity hosting to put up some of the issues as well as to inform the MPs on the agenda of the province. ”
Referred to the House of Representatives, it was implemented during the recent period, a campaign interrogations and hosted the purpose was to activate its oversight role more broadly, as included ministries and agencies and the provinces officials.
rcookie says():Economist: Iraq borrow $ 13 billion from Britain
By Mustafa Curran    Roudao – Erbil    Chief Economist, Salahuddin Kaku, that ” the issue of Iraq request from the British government Mlbg borrow $ 13 billion to cover the deficit in the 2017 budget, is the talk time on the political scene.”
Said Kaku network Roudao media, said that “the issue of borrowing between states or between the government and partners, banks, unusual and occur in parts of the world, but the problem lies in the specified time repaid with interest.”
Kaku said that “Iraq is suffering from an economic crisis and has a large deficit in the 2017 budget, and to fill this deficit resort to loans from other countries, where a request from the British government to borrow $ 13 billion, though I got this loan will ease the budget deficit in 2017, but remain the big problem in how to repay this loan. ”
Kaku said that “the borrowing process is beginning, but where will spend this money, and whether this amount would lead to the creation of additional income to enable Iraq to lift the economy, and then pay on time process, based on the above, the Iraqi government must prepare for that.”
With regard to the collapse of the Iraqi economy and bringing them to the end because of the financial crisis, Salahuddin Kaku Abizaid said:
“At the moment does not say that Iraq is reaching its end, because borrowing is limited operation specified a time is deficit-based state budget for one year, and maybe things will get better, as well as the economy Iraq, but all this is just a forecast, we do not know if it was possible to achieve them or not. ”
The Iraqi government announced earlier that about 75 percent of the 2017 budget will go to cover the deficit, to the Iraqi government asked to borrow $ 13 billion.
subgirl says to rcookie():I see the word borrow in that… hmm… how can they pay that back to them???
subgirl says to rcookie():$13 Billion is a lot of money!
jeffjane says to rcookie():When do they vote on the 2017 budget?
Read More: http://www.dinarupdates.com/showthread.php?41489-saturday-24-Sept-2016
BGG Blog