MilitiaMan: When Saleh talks about the safest way to secure payment methods at this juncture in time, is serious information. The documentary credit is looking to be the way he is going to protect that long line.
It is an assurance that the importer has complied with standards that are acceptable for international trade. This is setting the stage for what is expected and that is a level playing field in an international setting that requires transparency and a stable currency at a stable price.
Bye bye program rate! imo~ Chapter 7 was lifted on the 8th of December from the article I read.. Imo That was a go time! wink wink wink The twins were born.. lol ~ MM
Samson: Saleh: There are question marks on mechanisms to convert foreign currency to Iraq
10th December, 2017
The economic adviser to the Prime Minister of the appearance of Mohammed Saleh, on Saturday, there are big question marks on mechanisms to convert foreign currency to Iraq.
Saleh said in a transfer correspondent statement ) news agency , media / INA ( “to finance imports there must be a transfer in foreign currency , ” he said, adding that “there is a question mark being on the currency sign caused by confusion between monetary policy and the implementation of the central bank to control the levels of liquidity And at the same time trade finance, have created this ambiguity. “
“If the Iraqi government finances its trade through documentary credits, why not finance the private sector in the same way,” he said, pointing out that “the argument of not funding is that there are no possibilities to download documentary credits as a more transparent tool in trade finance. There are not a number of international correspondents cooperating with Iraq to create or Open these credits, because of the long isolation of the sector of the Iraqi bank. “
He added that “the central bank has a project to rebuild the institution to finance the foreign trade of the private sector by opening credits to establish what is called Cdbank, which is a collective bank in which all Iraqi banks (Al-Ahli and the government) is a bank to finance foreign trade.”
He pointed out that “the acquisition of a currency under the pretext of financing trade causes monopoly,” pointing out that “an alternative to this by rebuilding new criteria for financing the private sector through the establishment of a large bank to finance this sector. LINK
MilitiaMan: “The documentary credit is one of the most secure payment methods in international trade, offering the exporter a conditional payment guarantee from the importer’s bank. Documentary credits usually require the presentation of certain documents, which must be complied with before payment can take place. You must be aware that banks examine the documents only with respect to the documentary credit and do not look at contracts, agreements or the condition of the goods.”
JJonesmx: Tomorrow .. Abadi in Paris
10-12-2017 03:14 PM
The Euphrates –
A source close to Prime Minister Haider al-Abadi said the latter would travel to Paris tomorrow to participate in the climate conference.
The source said that Abadi will meet with a number of heads of state and officials in order to open up in international relations and achieve more cooperation in various fields.
Don961: Abadi will announce lists of corruption mid-month
Journal December 10, 2017
A source close to the office of Prime Minister Haider al-Abadi said on Sunday that the “names of the ringing” will be included in the lists of corruption, will be forwarded to the judiciary immediately announced by Abadi, mid-month (15/12/2017).
The source said that “Prime Minister Haider Abadi, intends to announce a list of names” Renana “stained with the looting of public money,” adding that “these names include heads of senior, in addition to their assistants of small heads,” as he put it.
He added that “these names will be presented to the judiciary on the grounds that there are files of corruption fixed on them and the Iraqi street,” stressing that “the date of 15/12/2017 is the closest to the declaration of regulations by Prime Minister Haider Abadi.”
The source, who preferred not to be identified, said that “Abadi is capable of developing a disciplined and clear plan according to the law to hold all corrupt and the street will be his supporters to achieve this and to hold the corrupt accountable whatever their influence.”
It is noteworthy that Abadi announced on November 7, 2017, that “the next war” will be against the corrupt link