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KTFA:
SlappySquirrel: Avg. Minister in the GOI makes 15 million dinar per month, which is equivalent to 15 thousand US cash. 40 (25K) notes = 1 million dinar 15 x 40 = 600 (25K) notes.
Are we trying to raise the value while reducing the Higher denomination note count in Iraq? If they are going digital with their currency, does it matter anyways?
DELTA: YES......EVEN IF THEY GO DIGITAL THERE IS A LOT OF CASH WITH CITIZEN. THEY NEED ALL OF IT BACK.
Pappa-J: YES DELTA THE CBI MIGHT WANT IT ALL BACK BUT THERE IS ABOUT A SLIM TO NONE CHANCE THAT WILL HAPPEN IF THERE IS NOT ENOUGH PURCHASING POWER ON THE DINAR GIVEN TO THE CITIZENS TO FORCE/ENCOURAGE THEM TO TURN IN THEIR DOLLARS FIRST FOR LD'S IN TURN GETTING THE 25K NOTES BACK ON LARGE PURCHASE ITEMS! BUT WHAT DO I KNOW?
Bonservant888: They will work on a dual system cash and digital, but as Delta says, there is A LOT OF CASH out there. They don't have to bring it all in, but some of it to get things going, to promote use of the banks, etc. And then over time, they will continue to collect the large bills. IMO
A new rate will help motivate them. Oh, just saying that, makes me so happy!
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cookie says():THIS IS THE NEWLY FAMOUS ARTICLE 14 FROM THE 2016 IMF MEMORANDUM ON ECONOMIC & FINANCIAL POLICIES..THAT WE DISCUSSED ON CALL....
rcookie says():14. The government will gradually remove remaining exchange restrictions and multiple currency practice (MCP) with a view to eliminating exchange rate distortions.
Such a move towards acceptance of the obligations under Article VIII of the IMF's Articles of Agreement will send a positive signal to the investment community that Iraq is committed to maintain an exchange system that is free of restrictions and MCPs for current international transactions and thus facilitate creation of a favorable business climate.
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rcookie says(): Rafidain Bank directed its branches to "accelerate" in the completion of transactions of the citizens within three days
Author: HH, TG Editor: HH, NS 08/27/2016 12:12 Number of Views: 568 Long-Presse / Baghdad
Face Rafidain Bank on Saturday, all of its branches to expedite the completion of transactions of the citizens during the three-day requirement of the absence of a "legal opposed" to such transactions, and as pointed out that this procedure was to reduce red tape and overcome the obstacles in front of customers.
Rafidain Bank said in a statement received (long-Presse), copy of it, "director of the bank Khawla student Jabbar directed departments branches to expedite the completion of transactions all within a period not exceeding three days if there is no legal exhibitors," noting that "this decision comes in window shortcut routine and overcome the obstacles in front of customers. "
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Holly1 says():For the first time in decades .. intervention and non - oil imports for the Iraqi budget of 10% of the value of the budget.
If there were activating administrative reform and follow - up Hakaiqih routine to: - the IRS
rcookie says to Holly1():GM HOLLY!!......(F)
Holly1 says to rcookie():(F)
Holly1 says to rcookie():let me bring this in
subgirl says to Holly1()::) ok
Holly1 says to rcookie():the services of electricity, water, sewage and municipal fees
- Department of Customs.
-alsaahh Religious and archaeological entry requirement of this money to the Treasury real taxes on hotels, shops and courtyards, garages and parking lots, Phys foreigners and graphic services for the Iraqis to the Treasury and the
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WSOMN:
AdminBill:
MY MORNING MESSAGE TO MY SOURCES (08/27/2016)
Saturday morning once again friends and it appears another positive week full of hope and promise is once again moving into another typical RV weekend.
The problem with this scenario is that it makes those of us, you and I, look like like we are lying to the people or are complete fools. This is not a healthy way to live life. Either do your business or get off the pot.
I believe most of us have projects we would like to get started and, quite frankly, we don't care about those "whales" that have already exchanged. They have had money and power for years and have done nothing to help anyone except themselves. It is time for real caring people to step in.
TO MY SOURCES AND THEIR SOURCES. WE REMAIN GRATEFUL. AND HOPEFUL. HOWEVER, IT IS BECOMING EVER SO DIFFICULT TO BELIEVE WHAT IS NOW SO UNCONVINCINGLY REPEATED DAY IN AND DAY OUT.
WEEK AFTER WEEK. DAY AFTER DAY.
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The below posts were in our 6pm newsletter
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Thank
you Denaridori for sending this to us today:
From islandg1211 WHY IRAQ WILL RV
IMO, It was a failed policy to delay the RV last time they had peace and I don't think they will delay again. Read my last paragraph as to why Iraq IMO will RV.
When will the CBI RV?
That question has been asked and answered over the years by both the former CBI Governor and Architect of the Monetary Reform, Dr. Shabibi, and by the proxy Maliki appointed governor Allek.
They both said, "when the conditions are right. There needs to be stability and security."
Where are we at now with security and stability?
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Post From Dinar Updates
Chat Room Excerpts & Highlights
rcookie says():THE MESSAGE & REPERCUSSIONS THAT THESE RECENT DEVELOPMENTS ARE SENDING TO THE WORLD FIRST...
AS GETTING TRANSPARENT AND SERIOUS ABOUT CORRUPTION TOLERANCE AS WELL AS TO THOSE WHO KNOW THEY HAVE PENDING CORRUPTION (OR WORSE) AGAINST THEM BE HANDLED AND THE TURNING ATTITUDE & LANDSCAPE...
larrykn says():I could tell you what they can do with maliki but I'm a nice guy :D
slh5282 says():THOSE THAT ARE RELEASED MIGHT COOK HIS GOOSE
rcookie says():INT'L COALITION CARRIED OUT 64 SORTIES AGAQINST ISIS IN IRAQ & SYRIA.......BUSY...BUSY..
larrykn says():bombs away :)
rcookie says():Kurdistan have indicated their willingness to resolve all problems with Baghdad
Saturday 27 August 2016 08:18 Alsumaria News / Arbil
The head of the Kurdistan Regional Government, Nechirvan Barzani, the region is ready to solve all problems with Baghdad through dialogue, adding that the military will be a meeting between the two sides in order to coordinate and cooperate better.
~~~
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Post From Dinar Updates
Chat Room Excerpts & Highlights
rcookie says():Kurdistan: Jubouri told us to withdraw confidence from the Attorney emotions grace after its aggression Dry
Political Since 08/27/2016 15:35 pm (Baghdad time)
BAGHDAD - balances News MP for the Kurdistan Alliance Khosro Goran, Saturday, the parliament speaker Salim al-Jubouri told them to withdraw confidence from the deputy state law emotions blessing after they clashed with hands MP Ashwaq dry.
Curran said during a press conference held at the Parliament attended / balances News / "The meeting today took place where the altercation between Deputy for the rule of law and deputy from the Kurdistan Alliance MP ended by multiplying the emotions of grace and the attack on the MP Ashwaq dry."
~~~
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Post From Dinar Updates
Chat Room Excerpts & Highlights
Dinar Updates Saturday AM Chat 8-27-16 Part 1 of 3
rcookie says():GM DU.
rcookie says():THE FURTHER WORK ON COMPANIES LAW^^^^^ IS HUGE!!!
rcookie says to DIGIman1():Former deputy candidate for the post of interior minister
Political Since 27/08/2016 14:29 pm (Baghdad time)
BAGHDAD - balances News
Former nominated MP Fattah al-Sheikh on Saturday, the same for the post of interior minister, replacing Mohammed Ghaban resigned.
Sheikh said at a news conference in the House of Representatives and attended / balances News /, that "the basis of Article 20 of the Constitution which guarantees the right to participate in public affairs and to enjoy political rights, including the right to run."
He said Sheikh, said that "my candidacy came to coincide with calls for political reform advocated by the religious authority, the Council of Representatives and the government and the leaders of blocs."
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TNT:
ChampagneLife: I read somewhere that late night Saturday night is the perfect time for this to go
Luvwolfs: Champagne I always thought it was. Seeing as Iraq's Sunday is like our Monday
ChampagneLife: all banks and markets are closed during that time also
Dinara: The reason Saturday nights are so good is because all of the worlds banking systems are down for a short time and would be easy to slip in the new rates is my opinion.
I always remember the man that did an interview about 6 years ago about how one Saturday night you will go to sleep and wake up to a whole new world or something to that affect......
I wish I could remember who gave that interview but he was a high official of some sort.
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Post From Dinar Updates
Chat Room Excerpts & Highlights
Dinar Updates Friday PM Chat 8-26-16 Part 2 of 2
rcookie says():He noted that the quality of participation of all parties as well as international projects center aims to find real trends to activate the economic cycle in Iraq after a long journey carrying citizen , during which many burdens , although he: live in a country that can be described as adults.
the representative of the international project Mona earthquake center said: our work comes to determine the economic problem and determine who is responsible for finding solutions them, governmental or private sector Oklahoma, pointing out that solutions included in the working papers and submitted to the concerned authority in the central government or the provinces targeted by the program.
She drew earthquake that what is being put forward solutions to the problems of the economy coincides with the direction the government 's reform of the joints of the production and service process, It can also collaborating public and private sectors to create an ideal working environment,
~~~
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Post From Dinar Updates
Chat Room Excerpts & Highlights
Dinar Updates Friday PM Chat 8-26-16 Part 1 of 2
Holly1 says():Government Basra suffered projects in front of the World Bank for a loan to be implemented
2016/8/26 20:33 * updated:: 08.26.2016 20:39 * Economy
Holly1 says():for his part, the regional Director of the World Bank Farid Belhaj the projects that the World Bank has financed prejudice directly in the lives of citizens, pointing out that the World Bank will send teams to assess the projects and give reports in preparation to support it by the bank.
The representative of the Prime Minister Nofal Abu barns to the local government of Basra today 's meeting with the new World Bank Director is part of the decentralization policy adopted by the Federal government in a move to complete projects faster, "pointing out that Basra is one of the first provinces where the policy applies."
~~~
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