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RV Intel/Thoughts/News - All Posts for December 4, 2016

Below is a list of all of the content posted for Sunday, December 4, 2016. This will be useful for those of you who may have missed somethin...

Monday, September 12, 2016

BLC News and Comments w/ tlm724, Shredd for 9-12-16


Bond Lady's Corner 9-12-16


tlm724 & Shredd News & Comments


Tlm724:
Governor of the Central Bank: IMF surprised Bamtlakena reserves exceed expectations

Ali Abdul Salman 87 09/12/2016

The governor of the Central Bank, on the Keywords, Iraq 's commitment to the pledges made ​​to the International Monetary Fund Ptoukatadtha specific, especially as it is consistent with the orientations and objectives, noting that the Fund was surprised to be Iraq 's reserves of foreign currency more than its forecast of about ten billion dollars.

And concluded in the Jordanian capital , Amman Saturday, ( the tenth of September now 2016), a new round of talks between Iraq and the international Monetary Fund on standby credit program for a loan worth $ 18 billion, to be completed in November.

the governor of the central bank and the agency, Ali Ismail Keywords , " The Central Bank has provided during the talks a detailed report on the action all carried out under an agreement with him , " adding that " the report stressed the central bank 's commitment to the implementation of more than 20 pledge and a proposal fully within the time the schedule."

He added Keywords, that those "commitments intervention within the central bank originally plan, and relate multiple aspects, the most important measures to combat money laundering and terrorist financing , "noting that" the Bank has provided complete dossiers on the regulations and guidelines and instructions and electronic systems that done in this regard. "

He said the central bank governor, said : " The report also included measures capacity - building for both the Central Bank or other banks, with evidence relating to inspection and control , "pointing out that" the Central Bank was also made ​​with regard to the completion of Islamic financial institutions Act and the system of credit information at the national level, and amendments to its law, the appointment of an external auditor to audit the reserves and the application and the dissemination of financial stability indicators. "

In the axis of his speech, the reserve Central Bank foreign currency, and the look of the international Monetary Fund to him, said the Keywords, that" the IMF report showed that balance of the reserve at the central bank more than he expected about $ 10 billion, " they returned to it , " an important indicator on reserves , the performance of the Bank and adequacy, particularly because they increase the amount of local currency, the dinar, in circulation."

he said Governor of the Central Bank of Iraq, that " the calendar of the international Monetary Fund proves that the central bank 's performance was remarkable in light of the challenges Iraq faces and conditions of unstable economically, financially, politically and security. "

acknowledges Iraq before mid - July 2016, about $ 634 million, representing the first installment of the IMF loan, immediately after the IMF Executive Board approval, in ( the seventh of this month), on the standby agreement credit with Iraq, noting that the loan term is five years , annual interest rate low of one and a half percent (1.5%), and that the number of payments is 13 batch stretches over 36 months.

the United States of America, confirmed in ( the twentieth of April 2016), that economic reforms the Iraqi government began its effects appear to increase non - oil imports, indicating that the Iraqi government 's success in reducing the budget deficit means obtaining a loan from the international Monetary multibillion - dollar fund.

the appearance of Mohammed Saleh, said in ( the 26th of January 2016), that Iraq agreed with the international Monetary Fund for long - term soft loans for the implementation of development projects, noting that the fund is among other conditions, the government expenses, and adjusted some of the procedures relating to economic policies, while counting economist that " the most important" of those loans is to know the amounts It will be obtained during the year 2016.

it is noteworthy that the international Monetary Fund agreed in the (13 January 2016), to finance the deficit of the Iraqi budget through clouds of hard currency reserves, which led to the reduction of those reserves from $ 59 billion October 2015 end , to 43 billion during the current year 2016.

http://burathanews.com/arabic/economic/300678

Governor of the Central Bank: IMF surprised Bamtlakena reserves exceed expectations

20:45:35 09.11.2016 | (Voice of Iraq) - Amman confirmed the Governor of the Central Bank, on the Keywords, on Sunday, Iraq 's commitment to the pledges made ​​to the International Monetary Fund Ptoukatadtha specific, especially as it is consistent with the orientations and objectives,

noting that the Fund was surprised to be Iraq 's reserves of foreign currency more than its forecast by about ten billion dollars. and concluded in the Jordanian capital , Amman, on Saturday, ( the tenth of September now 2016), a new round of talks between Iraq and the international Monetary Fund on standby credit program for a loan worth $ 18 billion, to be completed in November .

The governor of the central bank and the agency, Ali Ismail Keywords, " The Central Bank has provided during the talks a detailed report on the action all carried out under an agreement with him , " adding that " the report stressed the central bank 's commitment to the implementation of more than 20 pledge and a proposal fully within the time the schedule. "

He added Keywords, that those" commitments within the central bank 's plan originally, and relate multiple aspects, the most important measures to combat money laundering and terrorist financing , "noting that" the Bank has provided complete dossiers on the regulations and guidelines and instructions and electronic systems that done in this regard.

" He explained Governor of the Central Bank, " the report also included actions related to capacity building for both the Central Bank or other banks, with evidence relating to inspection and control ,

pointing out that " the Central Bank was also made ​​with regard to the completion of Islamic financial institutions Act and the system of credit information at the national level, and amendments to its law, the appointment of an external auditor to audit the reserves and the application and dissemination of financial stability indicators.

In the axis of his speech, the reserve Central Bank foreign currency, and the look of the international Monetary Fund to him, said the Keywords, that" the IMF report showed that the balance reserves at the Central Bank more than had been expected at about $ 10 billion, "they returned to it , " an important indicator on reserves , the performance of the Bank and adequacy, particularly because they increase the amount of local currency, the dinar, in circulation.

" he said Governor of the Central Bank of Iraq, that" the calendar of the international Monetary Fund proves the central bank 's performance was remarkable in light of the challenges facing Iraq and the conditions of unstable economically, financially, politically and security. " acknowledges Iraq before mid - July 2016, about $ 634 million, representing the first installment of the IMF loan, immediately after the IMF Executive Board approval, in ( the seventh of this month), on the standby credit agreement with Iraq,

noting that the loan term is five years , annual interest rate low of one and a half percent (1.5%), and that the number of payments is 13 batch stretches over 36 months. the United States of America, confirmed in ( the twentieth of April 2016),

that the economic reforms the Iraqi government began its effects appear to increase non - oil imports, indicating that the Iraqi government 's success in reducing the budget deficit means obtaining a loan from the international Monetary multibillion - dollar fund. the appearance of Mohammed Saleh,

he said in ( 26th January 2016), that Iraq has agreed with the international Monetary Fund for long - term soft loans for the implementation of development projects, noting that the fund is among other conditions, the government expenses, and adjusted some of the procedures relating to economic policies, while counting economist that "More importantly ,

" of those loans is to know the amounts that will be obtained during the year 2016. it is noteworthy that the international Monetary Fund agreed in the (13 January 2016), to finance the deficit of the Iraqi budget through clouds of hard currency reserves, which led to a reduction those reserves from $ 59 billion the end of October 2015, to 43 billion during the current year 2016. :

http://www.sotaliraq.com/newsitem.php?id=348525#ixzz4K2jgaM4S

Shredd Look at the big picture folks....this would not be the case for a country with a failed or failing economy, heading to a lop (redenomination).

Reserves have been growing for almost the entire time I've been following Iraq which is one of the pillars of why I've stayed! It's just a matter of time until the CBI moves to a market-driven floating rate for their dinar which will be a true representation of their economic landscape.

Not an IF..............a WHEN.

RCS1947 YES......and thank you timmie and Shredd!

Geofitness Shredd, I will take this reassurance every chance I can.
Thank you

http://www.bondladyscorner.com/t173457-governor-of-the-central-bank-imf-surprised-bamtlakena-reserves-exceed-expectations

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