Excerpts & Highlights
cookie says():HUGE GROUNDSWELL FOR “COUP” OF OPEC NATIONS TO CUT PRODUCTION..INCLUDING IRAQ…TO ADDRESS MARKET INVENTORIES…PRICING…
larrykn says():Iraqi Dinar Currency to be Powerful to Enter in the Global Currency Markets
Read More :http://www.dinarupdates.com/showthre…560#post143560 This looks interesting LINK
msdiva says():any truth to Iraq has 90 days prior to June to have an international tradeable currency
jtank says():Rcookie- I think w the prices dropping the other countries will fall in line and listen to OPEC
jtank says():needs to have some sort of % for sales allocated to each
rcookie says to jtank():THEY DONT HAVE A CHOICE……
larrykn says():rcookie I like the way they think 🙂
rcookie says to larrykn():AND HERES THE THING….THAT REPORT AND STATEMENTS ARE FROM STOCK MARKET ECONOMIST OSAMA MEHMOUD…WHO HAS BEEN VERY VOCAL & POSITIVE IN LAST COUPLE MONTHS….
rcookie says():HERE IS AN EAMPLE OF SOME OF HIS OTHER COMMENTS… FROM THE 19TH…
rcookie says(): 1/19/2016 0:00 BAGHDAD Hussein al-Tamimi Tgb stressed global stock representative in Iraq Osama Mahmoud importance of unifying laws and legislation governing economic action,
He said in an interview «morning»: that the Iraqi economy at the current stage needs to be clearly defined, pointing out that the laws relating to the economic aspect is still pursuing regulations socialist formula in the economic management of the sector, while economic and trade process pursues an open economy approach or the so-called (the market economy)
rcookie says():He noted that this duplication of inevitably the economic file management will produce an economy is uncertain, Dhi different results,
and here you must know that all the major industrialized nations rely open market that adopted in the production processes and import and export operations theory, and therefore, the state of commercial exchange between the countries process It must be built on a unified economic system.
Mahmoud said, an example of the reality of the Iraqi economy, it continues to rely on letters of guarantee granted to the traders to complete the import of goods operations, and this means limited to Iraqi criticism within the banks,
rcookie says():He continued by saying that the most important results of the unification of laws with economic applications in a market economy theory is to link the Iraqi dinar to the global economy and thus achieve the monetary value of the dinar against the global currency This in turn will give the power of the economic process in Iraq.
He said that the entry of the Iraqi dinar investment and thus can any investor to keep the Iraqi dinar as an investment in the currency market, there is no harm in raising the ceiling of printing the local currency as long as there are cash lid covers the domestic currency trading volume in global markets,
also contributes to reduce hard currency emerging from Country, where traders will be able to import goods in Iraqi dinars, as well as an end to the black market phenomenon the fact that traders do not need to buy hard currency to finance their business operations.
rcookie says(): Mahmoud said that linking the Iraqi dinar to the global economy leads to obviate the need for an auction of hard currency, which will determine the dinar exchange rate universally Iraqi against a basket of world currencies, helping to rewrite the business model of the private banks,
rcookie says():YOU GUYS REMEBER THAT FROM 19TH…….
larrykn says():no but I like it
rcookie says():DID EVERYONE PASS OUT…
LLN65 says():I like this linking the Iraqi dinar to the global economy!! Thank you!! (F)
rcookie says():READ THE 2 STATEMENTS FROM HIM BACK TO BACK….WOW!!!!
Woodywoodpecker says():just do it
larrykn says():I get to wonder if they want to comeout strong with their currency
rcookie says():THAT IS IRAQS LEAD STOCK MARKET ECONOMIST/STRATEGIST…
America uses the Kurdistan region to overcome its financial crisis
26-01-2016 01:00 PMAre free –
Iraq announced the Kurdistan Regional Government, for its agreement with the United States to send experts economy, in order to help the region to prepare plans to overcome the financial crisis that swept.
The agreement between the two sides during a government meeting with a delegation from the US embassy in Iraq in the presence of Ambassador Stuart Jones, during which they discussed the financial crisis experienced by the region, which caused the deterioration of the economy after the recovery phase lasted for the period between 2007 and 2013, according to a statement issued by the Government of the Territory yesterday.
rcookie says():The statement said that cutting the share of the Kurdistan region of Iraq’s general budget by the central government in Baghdad, and the war against al-Daash and the resort of huge numbers of refugees and displaced persons to the region and the decline in oil prices caused the economic crisis.
And trying Government of the Territory, home to 5.5 million people, reduce spending to save money, but the fiscal deficit is still large. The government paid a monthly salary of about 1.4 million of its citizens among employees in service and retired, which cost the government treasury $ 730 million a month, while the government revenue of less than $ 500 million a month.
KRG seeks to persuade the United States financed its war against Daash, so that he can provide the money spent on the war in order to pay civil servants’ salaries sectors.
The government announced last week that it suffered two billion dollars as expenses for the war in the period from August / August 2014 until the same
Read More :http://www.dinarupdates.com/showthre…al-crisis-1-26 LINK
larrykn says():5.5 million people and the govenment only put out 1.4 million dollars? no wonder the people are getting restless shheeee
clay01 says():No that was 730 million to 1.4 million people
clay01 says to larrykn():Had to read it a couple of times myselt, lol
larrykn says(8:00 AM):thats what I get for speed reading 😀
clay01 says to larrykn():Just ran the math, thats over 400,000 US dollars equilavent each, if their numbers are right
clay01 says to larrykn():Doesnt
clay01 says to larrykn():Doesn’t sound like they are doing to badly
larrykn says():unless a few got all that money and the rest got nothing
rcookie says():HERE IS ADDITIONAL CONFIRMATON ON THE LAUNCH OF $2 BILLION CITIZEN BONDS PROGRAM ANNOUNCED LAST WEEK….3 YEARS…10% INTEREST…
AND ABILITY OF CITIZENS FOR 1ST TIME SINCE 2003 TO PARTICIPATE IN BOND PROGRAM….AND INTERESTINGLY…CITIZENS WILL BE ABLE TO AFTER ESTABLISHING BANK ACCOUNTS WITH CURRENCY OR JEWELRY…
GIVING THEM SKIN IN THE GAME IN THEIR COUNTRY’S GROWTH & DEVELOPMENT..THIS BY THE WAY IS IN THE 2016 BUDGET…AND IMF LOI/MEFP/TECHNICAL MOU……
clay01 says to larrykn():Doesn’t sound right, but that is what it works out to, using their numbers
larrykn says():again we don’t how many got that money and who got nothing
clay01 says to larrykn(8:06 AM):True
Economy and tenders Since 2016-05-26 at 07:25 (GMT)
The balance of news Detection of economic adviser to the President, Khalifa Al-Zubaidi, on Tuesday, the Government’s intention to launch bonds worth two billion dollars during the coming period and rewarding benefits.
He said Zubeidi/scales news that “the Government will take a number of measures to resolve the financial crisis facing the country and address the austerity budget in 2016.”
Read More :http://www.dinarupdates.com/showthre…2-billion-1-26
rcookie says():He said the President’s economic adviser, said “such actions launched bonds worth $ 2 billion and sold directly to citizens,” adding that “the Government will determine the high benefits and rewarding for coaxing citizens buying bonds.
This “Economic Adviser of President Khalifa Al-Zubaidi to balance news, earlier, the Government’s inability to ensure employee salaries without international loans and loans to the Central Bank, indicating that the loans will provide salaries for six months.” finished 29/h 33
Read More :http://www.dinarupdates.com/showthre…2-billion-1-26
clay says to rcookie():GM buddy question how can citizens buy bonds w/no $
clay says to rcookie():unless they revalue
clay says to rcookie():just putting it out there
larrykn says():they can use their jewelry lol
clay says to larrykn():maybe lol but who would cash in jewelry for paper lol
clay says to larrykn():I guess us (lol)
larrykn says():those that think that price of their money is about to go up 🙂
clay says to larrykn():heres to hoping 🙂
clay says to dinarmassa():business is dead trying to rebuild if not time to move on
clay says to dinarmassa():hows things on your end
dinarmassa says to clay():Mr. White brought up a good comment, without VIII there will not be a RV
larrykn says():that will happen at the same time article8 and rv
THEY ARE INCENTIVIZING CITIZENS TO PARTICIPATE IN THESE PROGRAMS….AND KEEP IN MIND….ITS NOT THAT NO IRAQIS CAN AFFORD TO INVEST…
JUST LOOK AT THE REPORT I POSTED YESTERDAY AGAIN (2 YEARS IN A ROW) THAT IRAQIS ARE THE LEADING INVESTORS IN TURKEY AND JORDAN REAL ESTATE IN THE WORLD……
THEY HAVE THE MEANS AND DESIRE TO INVEST…JUST NOT IN THEIR OWN CORRUPT CULTURE….
jtank says():clay- maybe the gov trying to get more of those 25k notes stashed away
rcookie says():THESE BOND PROGRAMS ARE AVAILABLE TO THEM FOR THE 1ST TIME SINCE 2003…..WILL GIVE THEM OWNERSHIP…AND “SKIN IN THE GAME” TO IRAQS GROWTH…
dinarmassa says to rcookie():Good comment, but what percentage of the iraqi population have the money to invest
rcookie says():PROPORTIONAL….BUT ALTHOUGH 30% UNEMPLOYMENT…THAT MEANS 70% WORKING..AND OPTION IS THERE TO PARTICIPATE…NOT MANDATORY…BUT OPTION…
dinarmassa says to rcookie():Hate to say it, but cutting out the corruption might be eliminating the big investments. The 70% working I have a feeling aren’t making substantial income
rcookie says():THEY ARENT MAKING SUBSTANTIAL INCOME….IT IS THE AVAILABILTY TO PARTICIPATE IN A PROGRAM THAT HAS NOT BEEN ON THE TABLE FOR HEM SINCE 2003….
rcookie says():WHO IS BUYING AND INVESTING ALL THIS REAL ESTATE IN TURKEY & JORDAN MAKING THE M THE OVERWHELMING LEADER IN OUTSIDE INVESTMENT OF THEIR NEIGHBORS…
clay says to rcookie():do we know when these bonds will go on the market yet
rcookie says():IN THE COMING DAYS…LOL
larrykn says():rcookie are you saying maliki is buying up property in Turkey, and won’t the Iraq govenment go after that when they find out,
clay01 says to clay():From what I have read, they have already been selling bonds to the people, but not 100% on that
dinarmassa says to rcookie():That’s a good question, is it clean money being invested in T &J or corrupt money
rcookie says(8:26 AM):THE PROGRAM WAS ANNONCED AT BEGINNING OF MONTH…REITERATED LAST WEEK AND RECONFIRMED OF LAUNCH TODAY…
clay says to rcookie():so bonds are available now?
larrykn says():I’m lost are we talking about the bonds or the real estate lol
jtank says():prolly like the 50k and the 100k and gold coins
dinarmassa says to rcookie():Be very interesting with some of the corruption being exposed the volumn of bonds purchased
jtank says():10% is good
rcookie says():THIS PROGRAM IN NOT BEING SUGGESTED AS PANACEA TO IRAQS AND CITIZENS ECONOMIC & FINANCIAL PROBLEMS…
IT IS 1 OF MANY REFORM VEHICLES TO ADDRESS BUDGET DEFICIT AND INFRASTRUCTURE DEVELOPMENT FUNDING ALONG WITH LOANS AND NON OIL REVENUE STREAMS….
clay says to rcookie():got ya
dinarmassa says to clay():Probably could get the gold, just not much of it at this point
rcookie says():WERE TALKING ABOUT CITIZENS NOT BEING ABLE TO AFFORD PARTICIPATION IN PROGRAM…
larrykn says():got ya 🙂
rcookie says():Planning: 647 billion and 453 million share of Basra from albetrodlar this year
Economy and tenders Since 2016-05-26 at 12:11 (GMT)
Baghdad balance news – The planning Ministry said Tuesday that the share of Basra of petrodollars – being free 2016 amount to 453 billion and 647 million dinars, with conservative allocations will be reported within the regions development 96 billion and 355 million dinars.
According to the Ministry’s information Office statement received Agency/news/balance “discussed with the Ministry of local Government of Basra province during a meeting chaired by Undersecretary for technical Affairs,
rcookie says():of funding either through enforcement or term as investment opportunities.
Hamad stressed during the meeting that “share of Basra governorate of petrodollars – being free for 2016 would amount to 453 billion and 647 million dinars, with conservative allocations will be reported within the regions development 96 billion and 355 million dinars”.
For his part, between the Nazarene “, his Government had taken a series of important measures to deal with the reality of ongoing projects”, adding that “there are 425 projects now being implemented and 81 had been adjusted percentage of project completed 90% and exceeded the cost of 564 billion dinars, the inventory of non-priority projects at the current stage, all 158 projects and delete another 413 costing about 3 trillion dinars”.
Read More :http://www.dinarupdates.com/showthre…this-year-1-26
clay says to dinarmassa():would love gold
rcookie says():He drew “Nazarene projects are priority task has a total of 186 projects amounts remaining to be completed 1 trillion and 213 billion dinars,” adding that “electricity emergency projects for 2016 with 67 projects at a cost of 166 billion dinars and there are 31 projects worth 831 billion dinars have been excluded from the decision of the Committee on Economic Affairs for the purpose of direct during current year. ended 29/38 LINK
Read More :http://www.dinarupdates.com/showthre…this-year-1-26
Hutch says():News of the Government to borrow 30 billion dollars from the Central Bank
http://www.microsofttranslator.com/B…26id22%3D35751 bad link
dinarmassa says to clay():Probably could buy those bonds(@)
clay says to dinarmassa():probably
dinarmassa says to clay():my views as well
clay says to dinarmassa():right would not be safe IMO
Hutch says(Deputy in parliamentary legal clarify amnesty law ready to vote
http://www.microsofttranslator.com/B…2-7c4dbf03ccec LINKtemplejc says to rcookie():WHYT WOULD THE GOV WANT TO BORROW MONEY FROM THE CBI?
clay says to templejc():hey buddy good to see ya this morning
jtank says():unless they fix the money I wouldnt buy anything yet
clay says to dinarmassa():cant wait
clay says to jtank():esactly my feeling
templejc says to rcookie():DO YOU BELIEVE THIS INFORMATION ——-> ABOUT 3 OR 4 DAYS AGO, IRAN SAID THEY WOULD NOT LAUNCH OR RE-ENTER THE WORLD WITHOUT IRAQ BECAUSE IT WOULD CAUSE A TRADE IMBALANCE! THIS MEANS THEY ARE ADHERING TO “THE DEAL”.
WE SEE IRAN STATE THAT IN A WEEK OR TWO THEY WOULD BEGIN TO RE-ENTER THE WORLD SLOWLY! ISN’T IT INTERESTING THAT 2 WEEKS FROM TODAY [MONDAY 1-25-16] IS THE 8TH?
ONCE THEY START, THEY SAID IT WOULD TAKE A LITTLE LESS THAN A MONTH!
IF IRAN AND IRAQ BOTH LAUNCH WITH OTHER SIGNIFICANT CURRENCIES LIKE THE DONG AND RUPIAH (WHICH THEY WILL), THEY WOULD BE IN COMPLIANCE FOR WTO INDUCTION IN JUNE!
tman23 says():Talibani said…..Kurdistan region of Iraq 550 thousand barrels of crude oil through SOMO State oil marketing budget share exchange for 17% of 2016 Budget.
The fact that the control remains in the hands of the Central Government by 100 percent and a lack of clarity about our budget and how to calculate it will prevent us from implementing what is written in the 2016.0″ budget ..
Talabani noted that the Kurdistan Regional Government Iraq has no intention of implementing it. Talabani said ..”in the shadow of the oil price, the hundreds of thousands of barrels here or there will not solve the problems in Baghdad and will not solve our problems.
We must think in another formula to solve our economic problems. ” Talabani said… Iraq must make more efforts to find another political solution, he said, “I don’t see any way for political reconciliation in Iraq.”
tman23 says(): Confirmed State of law Coalition Deputy DG, the Kurds will be custodians of national partnership Government, demanded the expulsion of all Ministers and officials in the Central Government and the Kurds deported to Kurdistan provinces.
Nasif said in a statement that “Kurds will not be partners and honest partnership government”, at the same time claim to “expel all Ministers and officials in all government departments of the Central Government and deported to Kurdistan.”
The prosecutor called for the State of law coalition under the National Alliance, “Massoud Barzani, grace six months to implement the separation from his technical and logistical requirements with respect to the disputed areas.”
tman23 says():Prime Minister Haidar Al-Abbadi nineth prospective cabinet reshuffle in his Government.
“The press early this month indicated to some leaks about prospective Government reshuffle, Haider Al-Abadi include education Minister Hussein Al-Shahristani to replace Foreign Minister Ibrahim Al-Jaafari, the replacement of Finance Minister Hoshyar Zebari, a former Deputy Prime Minister (almrshk) rose Nuri beshauis.
“It also is changing the Interior Minister Mohammad Yu Chairman Bader Al-araji denominator parliamentary block, merge with MEW with oil in a single Ministry, the Ministry of transport with the Ministry of communications that Hassan Rashed and chief representative Mohammed Al-karbouli solution block the post of Ministry of Commerce,
tank says(9:01 AM):sounds like the kurds want to seperate
ljenterprises says(9:01 AM):Taking out the “last” of the corrupt
tman23 says(): Abadi drops ONE KURD……Just ONE……lets say he replaces Zebari with Shaways…..It will be the nail in FINAL nail in the coffin…
mudder says():But if he adds to replace the currupt ones…. There might be no coffin to nail…
clay says to mudder():would think if he takes out a kurd he would replace w/another kurd to keep the peace
ljenterprises says():tman: Hasn’t Zebari over stayed his term? Is he the one?
clay says to mudder():that too
tman23 says to ljenterprises(9:10 AM):Your thinking of the KRG (Kurd Region Government) President Barzani
ljenterprises says():tman23: Yes, I am (y)
clay says to jtank():thats him the corrupt judge
da58 says to tman23():wouldn’t he have to replace with a Kurd if he did such an action… was just thinking aoubt the “17%” which is not only about $$$ but also about seats in Parl, officers in military, etc.. ? does that involve ministers of Parl as well – that I’m not sure of..
tman23 says to clay():I can recall speaking on the nuclear deal last year and the general opinion was it would not affect Iraq and had nothing to do with Iraq RV………
Now it has been pulled into the center of the ring regarding the necessity for Iraq to RV first……Then we have people ready to run and purchase rial for instant “riches” and/or huge profits…..
As you know I took quite some heat for opinions on the 3 zeros, lower denoms, and value of IQD and a RV impact on regional trade…… Interesting thought that Irans fiscal year begins March 1st……. IMO…..the lifting of the 3 zeros is in play….we just wait to see how they handle the 3 zero notes…….
jims says to tman23():Actually, Iran’s fiscal year starts March 21…according to several sources…
jims says to tman23():http://www.bicc.org.uk/in-iran.html
B_Dee says to tman23(9):the lifting of the 3 zeros is in play for Iran ? right ?
jims says to clay():GM Clay…. It looks like thisthing is really happening.. There is an extra skip in my step
jims says to SCOTZGIRL():No… its all speculation… however, if iran did agree to anything, it would be o wait for months thats for sure
clay says to jims():lol sure looking that way finally
tman23 says():Over the past few months the parties have been somewhat silent through media outlets on rhetoric…… Think of families in the USA…..financial problems cause divorces and domestic violence…….. In Iraq it is not the financial crisis so much as who gets what…….
And so by the time the committee is formed to study and come to agreement……the bread is NO GOOD !!……. My point to this is………. They have begun an all out rhetoric assualt AGAIN…….which IMO indicates that they are about to distribute the “bread”…….
jims says to SCOTZGIRL():it would not be to wait for months
B_Dee says to jims(9):i agree… they would not wait
Tman23 says():They are praying for ISX international exchange where they can raise money by selling debt and companies can go IPO to raise capital from foreign investors…….
So in the 6 month period and Iran sanctions lifted……..construction and import supplies should begin to flow and start generating a market with stability…. If the investment does not come……. and oil remains low….it is big trouble in paradise!!