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50 banks sell the dollar does not participate in the financing of strategic projects 
BAGHDAD / Muhannad Jawad     Counting experts and officials, bankers and Financial, on Saturday, that the government go to support the private sector and face the repercussions of the financial crisis “will not result in” desired results “unless” provide legislative and legal environment that supports the banking sector.
And accused the government and private banks that are currently not contributing to the role of a “real” to support the productive sectors. As called for the central bank to limit the granting of new banking licenses, demanded banks bloc to provide the head of accumulated capital position to finance important strategic projects.

The executive director of the Association of Iraqi banks Ali Tariq, in an interview to the (long-Presse), “The banking sector should have a a greater role for the challenges of the financial crisis facing the country now, “returned”
The government went to support the private sector will not achieve the desired results unless the interest in the banking sector to be able to support the agricultural and tourism, industrial and real estate activities.
“He added Tariq that” private banks in Iraq waiting for support government is not limited to financing by, but to provide suitable for work and the adoption of the Deposit Insurance Law legislative and legal environment, “adding that there is a” committee in the Iraqi Central Bank to stimulate aggregate loans to finance large projects, which means the participation of more than a government and a private bank through available liquidity has to support large projects.
“He assured the Executive Director of the Association of Iraqi banks that” private banks have sufficient liquidity to fund government projects, “but he also said,” But this is linked to the support of the government to those legislative and legal banks.
“For his part, said the Secretariat of the Iraqi Institute for economic reform by Zuhair al-Hassani , in an interview to the (long-Presse), said that there is “more than fifty banks, government or civil strife in Iraq is currently limited to work on the sale of hard currency transfers without a real role in supporting the productive sectors,” accusing those banks and agencies banking as “hard currency output to outside the country.
“He called al-Hassani of the Central Bank of Iraq to” intervene to control the work of banks and limit the granting of new banking licenses, “and urged national banks to” bloc and assembly under Article 148 of the Companies Act No. 21 of 1997, to provide the head of accumulated capital position to finance projects an important strategy in Iraq.
“He said a member of the Secretariat of the Iraqi Institute for Economic Reform that” the state budget did not address the problems in the economic and banking sectors, “returned to” address the problems should be carried out through out the oil-based rentier economy, and support the local product through the application of the tariff law to create fair competition and prevent hard currency out of the outside and stop the corruption in this area.
“The al-Hassani on the importance of” Replacing the auction currency documentary credits subject to the supervision of finance, trade, the interior and the central bank and the ministries, as well as the revitalization of the business sector through soft loans “pointing out that” it forms the basis of the condition for the growth of the national economy during the current 2016. “In turn, said a member of the Commission on oil and energy parliamentary bloc of the Virtue beauty Muhammadawi, in an interview to the (long-Presse),”
The diversity of the banking sector and to allow the private sector a positive step towards a free market economy. “He stressed Muhammadawi the need to” non-banks rely on the sale of foreign currency and buying window and other issues similar to money laundering process, to contribute to the provision of funds and support investment, “attributing the” problems faced by private banks to their inability to provide cash long-term investors and projects.
“The member of the Commission on oil and energy parliamentary that” a large number of private banks have shown its inability to repay deposits and credits either to depositors or companies, “expected to” be in the current 2016 difficult for Iraq in economic terms to lower oil prices and the lack of Imports to the state treasury. ” LINK
[tlm724] the government go to support the private sector and face the repercussions of the financial crisis “will not result in” desired results “unless” provide legislative and legal environment that supports the banking sector
[tlm724] will not result in” desired results “unless” provide legislative and legal environment that supports the banking sector
[tlm724] so the CBI loans all this money out to launch the private and industrial sectors WITHOUT the laws what to say these new industries don’t want to deposit their profits back in the banks ? Maybe they will invest it in the Cayman Islands or somewhere else
[tlm724] to whole point of this initiative to create liquidity is it not ?
[cat] uh huh
[tlm724] money moving in Iraq supporting the banks and the people
[RCS1947] yep
[tlm724] so pass the deposit law and get that investment law on the ground !
[tlm724] the CBI wants the banks to participate in rebuilding the financial sector and the only way to do it is to makes some guarantee’s
[tlm724] that” private banks in Iraq waiting for support government is not limited to financing by, but to provide suitable for work and the adoption of the Deposit Insurance Law legislative and legal environment,
[tlm724] that there is a” committee in the Iraqi Central Bank to stimulate aggregate loans to finance large projects, which means the participation of more than a government and a private bank through available liquidity has to support large projects.
[tlm724] it all comes down to the money, get it flowing, protect it and make it available for all !
[shunshine] Amen!
[tlm724] and I didn’t win the powerball *wah* next week though lol
http://www.bondladyscorner.com/t160357-50-banks-sell-the-dollar-does-not-participate-in-the-financing-of-strategic-projects
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Parliamentary economy reveal a plan to restart the stalled all government factories
01/10/2016   [rtl]BAGHDAD / JD / .. revealed to the economic and investment commission in Parliament, about the existence of a joint plan between the Ministry of Industry to bring back all the factories and government companies, particularly the stalled strategy to support the national economy, as well as support the private industrial sector.[/rtl]
[rtl]Said committee member Rep. Najiba Najib told / KD / The committee has prepared an economic plan in coordination with the Ministry of Industry and Minerals for the rehabilitation and operation of all companies and government factories stalled, particularly strategic factor of petro-chemicals, iron and steel, among others.[/rtl]
[rtl]She added that the Committee on the economy met with a representative of the British Shell to agree on the rehabilitation of petrochemical plants, pointing out that there is a government plan to support the private industrial sector through the support of the specialized banks in the amount of 5 trillion dinars for the granting of soft loans for industrialists in the various provinces. / End / 8 /
http://www.dananernews.com/News_Details.php?ID=6597[/rtl]
 [tlm724] the existence of a joint plan between the Ministry of Industry to bring back all the factories and government companies, particularly the stalled strategy to support the national economy, as well as support the private industrial sector
[tlm724] that the Committee on the economy met with a representative of the British Shell to agree on the rehabilitation of petrochemical plants, pointing out that there is a government plan to support the private industrial sector through the support of the specialized banks in the amount of 5 trillion dinars for the granting of soft loans for industrialists in the various province
[tlm724] their working it

http://www.bondladyscorner.com/t160354-parliamentary-economy-reveal-a-plan-to-restart-the-stalled-all-government-factories
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Parliament
Financial crisis hampering legislation laws “important” social security and three economic laws will be approved
Author: AB, BS, MK Editor: AB, BS 2016/01/10 12:29   Long-Presse / Baghdad
Confirmed the decision of the parliament Imad Youkhana, on Sunday, that the financial crisis will impede legislation some laws “mission” in that it encompasses the financial implications, and pointed out that among those laws revenue control and the law of the Federal service and the appointment of special grades Commission Law, and as likely to pass security and pension law, draw close to that law in some paragraphs of European laws.
He said the decision Parliament Imad Youkhana in an interview to the (long-Presse), said that “there are some important laws that include financial implications and that the government had withdrawn to make some adjustments, including revenue that need a lot of money and the law of the Federal service and vote on the appointment of a monitoring body Law special grades, “noting that” the financial crisis will impede the passing of such laws. ”
He Youkhana, that “there are other laws include the financial implications, but that it is possible legislation into law pension and social security, which supports worker and self-funded,” pointing to “the importance of this law being a support worker of his money without having to spend money from the government,” pointing to that “the law is close in some paragraphs of European laws.”
He pointed Youkhana, that “the oil and gas law is not in him any financial implications, but will bring financial and imports of the country and lack of legislation has nothing to do financial consequences but needs a political agreement,” asserting that “the differences between the federal government and the province to prevent legislation.”
For its part, the Economic Commission is expected to pass three laws to support the Iraqi economy during the next legislative term, while confirming that those laws do not include any financial implications.
Committee member, said in an interview with Nora Albjara to (long-Presse), said that “there are three important laws in the current session, but it does not include any financial consequences”, expected that “those laws are passed during the current legislative term.”
She Albjara, that “these laws are all of commercial agents law on those wishing access to agencies of international companies or open a business and agencies in Iraq to those companies,” indicating that “the second law is the establishment of refineries, which regulates the process of establishing refineries in Iraq Act”.
She noted a member of the Economic Committee, that “third law is the census law, which is the most comprehensive of the population being submitted studies and solutions,” pointing out that “those laws will be passed in the House of Representatives in the next stage after the resumption of the House of Representatives for his work.”
The world oil prices fell more than 60% since the summer of 2014 the past, which affected the imports of countries that rely on it as a resource for the basis of its economy, including Iraq. LINK
 
[tlm724] He Youkhana, that “there are other laws include the financial implications, but that it is possible legislation into law pension and social security, which supports worker and self-funded,” pointing to “the importance of this law being a support worker of his money without having to spend money from the government,” pointing to that “the law is close in some paragraphs of European laws.
[tlm724] He pointed Youkhana, that “the oil and gas law is not in him any financial implications, but will bring financial and imports of the country and lack of legislation has nothing to do financial consequences but needs a political agreement,” asserting that “the differences between the federal government and the province to prevent legislation
[tlm724] “there are three important laws in the current session, but it does not include any financial consequences”, expected that “those laws are passed during the current legislative term.”
She Albjara, that “these laws are all of commercial agents law on those wishing access to agencies of international companies or open a business and agencies in Iraq to those companies,” indicating that “the second law is the establishment of refineries, which regulates the process of establishing refineries in Iraq Act”.
She noted a member of the Economic Committee, that “third law is the census law, which is the most comprehensive of the population being submitted studies and solutions,” pointing out that “those laws will be passed in the House of Representatives in the next stage after the resumption of the House of Representatives for his work.
http://www.bondladyscorner.com/t160320-financial-crisis-hampering-legislation-laws-important-social-security-and-three-economic-laws-will-be-approved
 
Central bank: no intention to amend the Iraqi dinar exchange rate
09/01/2016 06:05 | Press direction / follow-up  The Central Bank on Saturday, the lack of intent to amend the Iraqi dinar exchange rate, pointing out that the devaluation of the dinar would lead to damaging the purchasing power of citizens.

http://aletejahtv.org/index.php/permalink/94453.html
[tlm724] that the devaluation of the dinar would lead to damaging the purchasing power of citizens
[tlm724] and we don’t want that !
http://www.bondladyscorner.com/t160317-central-bank-no-intention-to-amend-the-iraqi-dinar-exchange-rate
Stamping the central bank contracted 10 000 gold specie  
January 9, 2016 19:33    Iraqi Central Bank revealed his contract with an international company Stamping 5000 specie souvenir gold from 100 dinars category, weighing 15 grams, on the occasion of the 84 anniversary of the founding of the Iraqi Monetary Authority in 1930, in addition to the 5000 specie category 250 dinars, weighing 22 grams, to mark the anniversary of the 68 of the founding of the bank in 1947.
This comes confirmation of his announcement earlier intention to sell gold different weights for those wishing to purchase it from the citizens, and the direct contracting procedures for imported, and then sold through the banking system.
The bank said that the aim of the new coins is the “diversification of public savings and to ensure receiving a 24-carat gold,” pointing to the receipt of the first category of these coins weighing 15 grams, which will be put up for sale by banks. ”
The statement pointed out that “the sale of the banks price will be determined on the basis of cost, added her administrative Downloads 1% of the cost, to be the price per minted from this category, of which 720 thousand dinars.”    http://burathanews.com/news/283790.html
[Dogsnova]   Gold Gram Price as of 1-8-2016 = $35.51 per gram. Example* 15 grams = $532.65
Note***Gold is also listed in GRAINS…
Raw gold nuggets are typically measured in grain units (1 grain = .002083333 troy ounces). Also keep in mind that roughly 15.5 grains equal 1 gram. The live gold price below is used to calculate the gold grain value (USD):
Gold grain bar calculations use the live gold price for January 08, 2016:
Example* 15 Grains of gold = $34.50
The reason I’m also posting the Grain price of gold is. Just in-case we are lost in translation.
http://www.bondladyscorner.com/t160359-stamping-the-central-bank-contracted-10-000-gold-specie-100-dinar-gold-coin
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Central bank: address the financial situation is done through the advancement of the real sectors[/size]
09/01/2016 07:35 |   Press direction / follow-up
Said the Iraqi Central Bank on Saturday to address the financial situation in the country would only be done through the promotion of sectors “real”, as he emphasized that the bank’s board is the only body authorized according to the law determining the dinar exchange rate.
The bank said in a statement: “direction Press” received a copy of it, that “address the financial situation must be conducted through the promotion of real sectors,” noting that “the Bank initiative to provide loans for the promotion of these sectors was a signal and an incentive for the promotion of these sectors.”
The statement emphasized that “the bank’s board is the only body authorized according to the law determining the dinar exchange rate and every statement in this regard does not issue him is confusion and confusion to the market.”
The prime minister Haider al-Abadi stressed, first on Thursday, that the collapse of world oil prices would be a “force” for Iraq and the “benefit” of stimulating positive, as called for activating the single window in the investment, expressed regret for the decline in palm cultivation in      Iraq.        http://aletejahtv.org/index.php/permalink/94475.html  
[tlm724] there are multiple sources for this statement but I like this one
[tlm724] the Iraqi Central Bank on Saturday to address the financial situation in the country would only be done through the promotion of sectors “real”
[tlm724] these are the things we have discussed repeatedly, growing the private sector and industry, creating jobs
[tlm724] emphasized that the bank’s board is the only body authorized according to the law determining the dinar exchange rate.
[tlm724] the CBI has sole discretion over the exchange rate
[tlm724] noting that “the Bank initiative to provide loans for the promotion of these sectors was a signal and an incentive for the promotion of these sectors.
[tlm724] “the Bank initiative to provide loans for the promotion of these sectors was a signal
[tlm724] that would be the launch of the free market initiative, the plan so to speak  Wink
tlm724] “the bank’s board is the only body authorized according to the law determining the dinar exchange rate and every statement in this regard does not issue him is confusion and confusion to the market.”
[tlm724] so all these other members of the GOI and economist publishing their opinions is a determent to the CBI and the government as a whole
[tlm724] *slap* their mouths shut  Suspect
[tlm724] the Prime Minister called for activating the single window in the investment
[tlm724] this is the turning point for Iraq and their economic plan, again they are always forced to do things
[tlm724] the economic crisis has forced their hand, the IMF has stepped in and we know the IMF did NOT want Iraq to devalue the dinar anyway
[tlm724] we will have to concentrate on the CBI as I said last week, keep away from all BS in the press when it comes to the dinar exchange rate
[tlm724] my final thoughts are these, even though the economist and the MP’s make their opinions known it doesn’t matter in the long run ! The government of Iraq including the CBI signed an agreement with the IMF to handle their economy soooo the GOI can bitch all they want to but it won’t hold water, IT’S UP TO THE CBI & IMF, there is nothing to fight about because according to the law the CBI has the con !
http://www.bondladyscorner.com/t160318-central-bank-address-the-financial-situation-is-done-through-the-advancement-of-the-real-sectors