Posts Tagged ‘Iraqi Dinar’

Iraq is moving toward bankruptcy and expectations of the withdrawal of oil companies

Iraq is moving toward bankruptcy and expectations of the withdrawal of oil companies

05/03/2014

BAGHDAD / JD / .. criticized a number of deputies and experts in economic affairs policy of the State Finance in the distribution of federal revenue in the general budget, which some have described as “blundering”, despite the increase in fiscal revenue for the country, but the distribution process focused on consumer sectors such as security and energy with Monitoring money for a few productive sectors and investment projects, and showed their fear of exposure to the Read more…

Iraqi Dinar Guru opinions 3-4-14

Iraqi Dinar Guru opinions 3-4-14

3-4-2014 Intel Guru Frank26 [via Anonymous] “in his opinion” we are “dangerously close” to seeing the rate of the IQD go up in value! …if all goes as evidence points, to article 8 compliance and approval from the IMF in the article 7 review this month, it looks like this is coming to an end. Russia and Ukraine is a separate issue and will NOT affect the RV…all we want is to see the bonds and the rate. Read more…

Proposal to merge small banks and the formation of a development bank shareholder

Proposal to merge small banks and the formation of a development bank shareholder

03/04/2014

BAGHDAD / JD / .. suggested the parliamentary finance committee, small local banks merge with each other to form a development bank shareholder is able to finance large investment projects in the country.
A member of the committee MP Hassan al-Bayati told / JD /: that a central bank by requiring local banks to raise their capital to the roof (250) billion dinars longer true and positive for Read more…

Iraqi diplomat: Washington refuses to reset the dinar and its biggest loser

Iraqi diplomat: Washington refuses to reset the dinar and its biggest loser

03-03-14

The Iraqi diplomat said that the United States is the primary beneficiary of the auction currency in Iraq, and the survival of the purchasing power of the Iraqi dinar is weak Read more…

Iraqi Dinar Guru opinions 3-3-14

Iraqi Dinar Guru opinions 3-3-14

3-3-2014 Intel Guru Jester THE REASON IT HAS NOT MATERIALIZED YET IS IT IS NOT TIME FOR IT TO HAPPEN… NO MATTER WHAT ANYONE ELSE SAYS THAT IS SIMPLY THE WAY IT IS…FOR ALL THE PEOPLE CALLING IMMINENT RV…GET A GRIP… STOP LISTENING TO THE UST.. THEY WILL LIKE TO DO IT EVERY NIGHT… BUT THEY CANNOT… DOES NOT WORK THAT WAY. Read more…

Not to take advantage of financial liquidity misses an opportunity to prosper

Not to take advantage of financial liquidity misses an opportunity to prosper

3/3/2014 0:00

Baghdad – Mostafa Hashemi stressed academic Economist Dr. Essam Mahouelle that the presence of financial liquidity high banks without employing them in loans to citizens or for development projects has negative repercussions reflected on the economy as a whole as the inability to invest that money wasted on homeland chance of construction and prosperity. , liquidity, financial or movements Liquidity Cash flow term of microeconomics, which describes the amount of money available to the company (or bank) to do the business operations. The cash in the Iraqi market about 35 trillion dinars. Said in a statement Read more…

Iraqi Dinar Guru opinions 3-2-14

Iraqi Dinar Guru opinions 3-2-14

3-2-2014 Newshound Guru Millionday Article quote: “nearly six laws within the legal committee did not initiate, most notably oil and gas”…”the failure to approve the law last during this session is a violation of the constitution of the House, because the Iraqi constitution, the text of the law was passed during this session.” this is fantastic — this means the law has been passed but not acknowledged — and all that has to be done is activation…that is great news and says the hcl as well (oil and gas)…that is huge progress and has to be done before the change in rates and many say that this is what is the hold up. Read more…

Iraqi Dinar Guru opinions 3-1-14

Iraqi Dinar Guru opinions 3-1-14

3-1-2014 Intel/Newshound Guru Poppy3 Their country is worth a minimum right now (without much infrastructure) of over 55 trillion. They have more resources than any country in the world – PERIOD. They have more gold than any other country besides Russia and Iraq is much smaller! Prior to the war they were third in the world in agriculture production. Their soil will produce more per acre more than our richest soil. Their banking being structured on futures creates a situation like our banks which can loan out 100,000 dollar for every 10,000 on deposit. It will allow them to pay us a million dollars and will only cost them around $20,000 dollars. REST EASY…WE WILL BE HUGE WINNERS VERY SOON. Read more…

Iraqi Dinar Guru opinions 2-28-14

Iraqi Dinar Guru opinions 2-28-14

2-28-2014 Intel/Newshound Guru Poppy3 HE [MALIKI] HAS CONTINUALLY CREATED TURMOIL TO PREVENT ANY PARLIAMENT PROGRESS AND MEETING WHERE THE BUDGET IS ON THE AGENDA WHILE HE CONTINUES TO PUSH WHAT HE NEEDS TO KEEP HIM SAFE IF HE SHOULD LOSE THE ELECTION. IF HE FAILS TO GET THE AMNESTY LAW PASSED THEN HE MUST FIND A WAY LEGAL OR ILLEGAL TO WIN THE ELECTIONS. THAT MEANS HE MUST GAIN FAVOR WITH THE CITIZENS OF IRAQ AND THAT MEANS HE HAS TO CALL TURKI AND TELL HIM TO TURN LOOSE THE VALUE OF THE DINAR. Read more…

Iraqi Dinar Guru opinions 2-27-14

Iraqi Dinar Guru opinions 2-27-14

2-27-2014 Newshound Guru Millionday there is report out that is an opinion piece about the US holding up the reform of Iraq`s currency — i want to address this. one thing is an opinion is a statement given that has no proof or facts that can be verified. this is a fact — the US does not own or operate Iraq — they have gained their independence and also the IMF is through compliance not voting. this is a huge global event that has been called that in a huge number of countries as we have seen and will have a global effect…as it was stated in and by Iraq — the Globe is depending on this to effect the economic condition so i see nothing anywhere that would give legal rights to or power to the US to hold up the Dinar. Read more…

Iraqi diplomat: Washington refuses to reset the dinar and its biggest loser

Iraqi diplomat: Washington refuses to reset the dinar and its biggest loser

Posted, 2/27/2014

Baghdad, Washington / Orr News

Revealed an Iraqi diplomat in Washington that the U.S. administration strongly rejects Iraq’s decision Ptsfir currency, or stop the daily auction of foreign currency, which is organized by the CBI.

The Iraqi diplomat said that “the United States is the primary beneficiary of the auction currency in Iraq, and the survival of the purchasing power of the Iraqi dinar is weak, compared to the price of Read more…

Because of the deficit .. warnings from the International Monetary Fund objection on the budget

Because of the deficit .. warnings from the International Monetary Fund objection on the budget

02/27/2014

BAGHDAD / JD / .. Committee warned the economy and investment representative, the objection of the International Monetary Fund on the federal budget for the year 2014 due to increase its fiscal deficit to more than 35 billion dollars.
A member of the Committee MP Hussein Mura’bi Agency / JD /: “The increasing deficit of the general federal budget to more than 35 billion dollars will play objection large and categorical rejection by the International Monetary Fund and the World Bank, because it will lead to Read more…

Iraqi Dinar Guru opinions 2-26-14

Iraqi Dinar Guru opinions 2-26-14

2-26-2014 Newshound Guru Kaperoni Article quote: “confirmed member of the Committee on the economy that the project is working to review the 2500 law and order or instruction economic, will be submitted to the Council of Ministers in the form of a single package of reforms, in order to approve a one-time allowance to provide every law on the unit and avoid political differences and speed in approval,” a single package of reforms…the GOI is going to pass the economic laws in basket…good news for sure. the funny thing is about 4 months ago some MPs said it was illegal to pass laws in a basket. Read more…

Iraqi Dinar Guru opinions 2-25-14

Iraqi Dinar Guru opinions 2-25-14

2-25-2014 Newshound Guru Millionday Article: “General Secretariat of the Council of Ministers calls on state institutions to implement financial Altzmadtha local currency” Quote: “…not to enter any financial obligations in foreign currency amounts paid within Iraq and that commitment is performed exclusively in Iraqi dinars.” This is setting regulations — the first rate change will be in the current currency with added denoms. they have reported that they are going to add a new currency after the fact and it was to be at the first part of 2014…it shows compliance being demanded as well…it appears they are moving forward with or without parliament. Read more…

Procedures to maximize the non-oil resources

Procedures to maximize the non-oil resources

2/25/2014 0:00

No more than nine trillion dinars per year since 2010
BAGHDAD – Farah pumice
There is no doubt that Iraq has stockpiled oil tremendous puts him at the forefront of the world, especially with the escalation of the business to increase production and export, but the adoption of its imports by 95 percent in the preparation of budgets met with criticism from economists, called for the government and the Read more…

Iraqi Dinar Guru opinions 2-24-14

Iraqi Dinar Guru opinions 2-24-14

2-24-2014 Newshound Guru tlm724 Article: “Turkey: trade with Iraq exceeded 12 billion U.S. dollars in 2013 and 400 thousand Iraqis visited us recently” the trade numbers being put out by all these different countries are astonishing and growing everyday ! Article quote: “Strict measures to control the work of the customs police” they are linking (electronically) to be able to control and account for all items going out and coming into the country, absolutely necessary…all part of WTO requirements. Read more…

Iraqi Dinar Guru opinions 2-23-14

Iraqi Dinar Guru opinions 2-23-14

2-23-2014 Newshound Guru Enorrste Article: “Experts: Delete the zeros from the dinar increases its strength against the dollar and easy to draw a price policy” I found this article to be extremely uplifting. The parliamentary committee pulled off the gloves and told the “parking government” (i.e., not moving forward) that its weak reason for delay is not justified and will no longer be tolerated. However, more importantly to me, is that they also stated that they will appeal to the constitution itself in an effort to get the ball moving forward. The constitution is clear that the CBI is the ONLY department that has the authority to issue a new currency. Implied in that is that the CBI also has the authority to change the value of the dinar, which is necessary before a new currency can be issued. Therefore, what we are seeing is that the parliament is getting behind the CBI and…TELLING the government to “butt out” of the issue and let the CBI do its job. Read more…

Parliamentary Finance: budget deficit up to 2014 {50} trillion dinars

Parliamentary Finance: budget deficit up to 2014 {50} trillion dinars

23/02/2014 8:21

{Baghdad: Euphrates News} A member of the parliamentary Finance Committee Hassan al-Bayati, of the existence of a deficit in the federal budget for the year 2014 up to {50} trillion dinars.

He said al-Bayati told the News} {Euphrates on Sunday that “the deficit in the budget that in 2014 a {50} trillion dinars, which will cause a large deficit in the implementation of projects in Iraq.” and added that “the current year Read more…

Iraqi Dinar Guru opinions 2-22-2014

Iraqi Dinar Guru opinions 2-22-2014

2-22-2014 Newshound Guru Millionday Report quote: “…in regard the country’s financial The implementation of the project to delete the zeros from the Iraqi dinar will increase the strength against the U.S. dollar” this is saying that they have held it up long enough — the currency will increase the dollar and that will create the pricing in the country it will also minimize inflation…they have talked about this long enough and it is the reason the currency was printed in the first place and the small denoms need to be used and the pricing needs to be set. Read more…

Purchasing power was not affected by the absence of a difference at the exchange rate dollar

Parliamentary economy: purchasing power was not affected by the absence of a difference at the exchange rate dollar

Friday, February 22, 2014 10:46

[Baghdad – where]

A member of the parliamentary Economic Committee, Qusay al-Abadi said that “the purchasing power of the Iraqi individuals not affected during the year 2014 to the current lack of teams at the exchange rate of the dollar against the Iraqi dinar.”

He added Abadi told all of Iraq [where] he “does not have a negative impact on a per capita purchasing power and because it does not have the price of Read more…