Dinar Updates Daily Chat Log
Part 3 - No Featured Members
DIGIman1 says(12:36 PM):
gotta head off to the dentist for a cleaning ....
(12:36 PM).MOD.DIGIman1.copy changed nickname to .MOD.DIGIman1!
larrykn says to DIGIman1(12:36 PM):
yw an ty for copying this morning :)
larrykn says to DIGIman1(12:37 PM):
have fun at the dentist :D
DIGIman1 says(12:37 PM):
DIGIman1 says(12:37 PM):
ya right.....in this dream i had....
larrykn says(12:40 PM):
Annual inflation index registered a slight decrease in Iraq
By Roudao 9 hours ago
Roudao - Erbil
Annual inflation index in Iraq decreased slightly by 0.2%, during the period from August / August 2015 and up to the same month of 2016, while the monthly inflation index rose in August.
A spokesman for the Ministry of Planning and Cooperation of the Iraqi Development, Abdul Zahra al-Hindawi, said in a statement, "The decline affected by lower food and beverage prices rose 0.2%, in addition to lower tobacco division by 8.8%, as well as lower recreation and culture department by 6%."
Hindawi said that "the total monthly expenditure on goods and services covered by the price survey accounted for 88 percent of Iraq's total per capita spending."
According to the Ministry of Planning statement, too, that the inflation index rose in August, compared to July last two.
Spokesman for the ministry in the report said that "the Central Bureau of Statistics of the Ministry completed the inflation report last August, on the basis of field data collection on the prices of goods and services components of the consumer basket of selected sample of outlets in all provinces of Iraq," explaining that "inflation index rose 0.8% compared with last July. "
Hindawi said that "the rise was the result of rising food prices and non-alcoholic beverages by 1.7%, higher housing department by 1%, in addition to the high section of goods and services increased by 0.9%," noting that "the survey which was conducted during July did not include the three Iraqi provinces because of the situation security witnessed in these provinces. "
On 23 August, it announced that the Iraqi Ministry of Planning, the high inflation index increased slightly for the month of July last down 0.1% for the month of June of the same year.
Idaho says to larrykn(12:41 PM):
The dentist is the second worst thing in my life the first is standing in a herd of elephants with the last peanut on earth. :D
larrykn says to Idaho(12:41 PM):
larrykn says(12:41 PM):
OPEC production has recorded the highest record level , led by Iraq, Libya
Views 28 Date 10/01/2016 - 15:47Economy News / Continue ...
A survey conducted by a global news showed that the Organization of Petroleum Exporting Countries "OPEC" production is likely to record its highest level in modern history in September, with the increase in exports from the north of Iraq at a time when Libya returned the opening of some major oil ports.
The increase comes despite the diminished production of Saudi Arabia's largest oil exporter in the world and the agreement of Member States in OPEC this week in Algeria to restrict production to support prices in the first decision of its kind since 2008.
OPEC production rose to 33.6 million barrels per day in September from 33.53 million bpd in the amended for the month of August reading, according to the survey which was based on shipping data and information from sources in the sector.
This increase in production to receive further doubts on OPEC's ability to determine the size of the new production target, which ranges between 32.50 and 33 million barrels per day, a task left to the minister while meeting will be held in November.
Oil rose to near $ 50 a barrel on Thursday, but it was trading near $ 49 on Friday.
Said Barney Childrob, chief commodities market has As.aa.ba "The agreement still has some difficult negotiations to determine the ceiling of production of each Member State ... Now that became OPEC reduction [of production] on the table for the first time in eight years, Brent crude is unable even to rise above $ 50. at least not yet. "
Production has risen since OPEC abandoned in 2014 for its historic role of capping production to support prices, pumping Saudi Arabia, Iran and Iraq more crude. Production by the return of Indonesia also jumped in 2015 and Gabon in July to the membership of the organization.
OPEC production in September, with the exception of Gabon, Indonesia is the highest in the Reuters survey, which began in 1997 at 32.65 million barrels per day, a record.
In September, Iraq and Libya led to increase the Organization's production, and began the government of Iraq's oil marketing company "Sumo" and Kurdistan crude exports from Kirkuk oil fields jointly again which led to the increase are putting Iraq on the market to 4.43 million barrels a day in September according to the survey.
larrykn says(12:42 PM):
And in Libya's National Oil Corporation opened three ports were closed in the past, allowing the company Arabian Gulf Oil "Ojoko" of the Foundation, which operates mainly in the east of the country to increase their production.
The decline in the production of Saudi Arabia from the record levels recorded earlier in the summer, according to sources in the survey he said.
It was not immediately signals to increase the production of Nigeria, which is shrinking due to attacks targeted oil installations appear.
It is supposed to increase production in October if successful efforts to return to the production of Khami Kwa Eboue and Forcados.
larrykn says(12:42 PM):
Oil price rises to $ 50 a barrel
Views 45 Date 01/10/2016 - 16:15
Economy News / Continue ...
Oil prices climbed more than 1%, and Brent approached $ 50 a barrel, supported by optimism the first agreement of the Organization of the Petroleum Exporting Countries (OPEC) in the eight years to cut production.
And increased global London Brent crude 55 cents or 1.1% to settle at 49.24 dollars a barrel.
And increased crude West Texas Intermediate US 78 cents or 1.7% to settle at US $ 47.83 a barrel in trading Thursday in global markets.
Since the announcement of "OPEC" agreement Brent climbed about 7% US crude rose about 8% at the top of the rise over the past two days in April / April.
It agreed "OPEC" at its meeting in Algeria, on Wednesday, to cut production to between 32.5 million and 33 million barrels a day from about 33.5 million barrels now, according to expert estimates.
She said, "OPEC" The other details of the plan will be announced at the regular meeting of the organization in November next year.
larrykn says(12:43 PM):
and what was the budget set for on the price of oil,,, good news for Iraq :)
larrykn says(12:45 PM):
CBI solid steps in achieving development goals
Views 18 Date 01/10/2016 - 16:25
That central banks in the countries are entities Mallet of sovereign sober and independent in carrying out its tasks and policies of cash which oversees and monitors the banking sector is Almstcharalmala the government and the Central Bank of Iraq, his role was fundamental in the process economic conditions in the administration of Iraq after the change in 2003 through his handling of monetary policy and achieve its objectives in terms Over Iraq during the years (2003-2016) an important stage in its economic system since the beginning of the change included new applications for economic construction depends build introductions transition from the philosophy and strategies of the central economic system in the management of the economy to the philosophy and strategies and mechanisms of a market economy.
The most important hallmark of this stage is the pilot exercise and assumptions that economic policies that rely primarily on the experiences of countries preceded us in the application of market economy mechanisms without relying on the fundamental economic underpinnings for this transition, as confirmed all the studies and reports issued by the World Bank and the International Monetary Fund.
The confusion of vision and lack of coordination between fiscal and monetary policies and different economic policies and the lack of clarity in the economic approach of the new building of the economy contributed to a clear contribution to the dispersion of applications in the monetary policy and the different visions and strategies to reach the central objectives set, in addition to the lack of some of the legislative environment materials of economic laws that govern economic process, which led to turmoil in the application .ala that the Iraqi Central Bank and the banking sector's footsteps steps big evolution toward transition from Sairafi activity to development activity since the issuance of the laws governing the banking business in 2004 and the issuance of central bank law 56 of 2004, great achievements have been made in the field reduction of hyperinflation, which was suffered by Iraq and its access to good rates for the year 2016 amounted to 2 percent
As data and financial indicators suggest that the Iraqi Central Bank was able to maintain for several years until the present time the Iraqi dinar exchange rate against the US dollar in a balanced way in spite of fluctuation and variation up and down depending on the economic conditions difficult financial and economic crisis due to the decline in Asaralinvt and the war on terrorism and speculation that occur in the markets.
larrykn says(12:46 PM):
Where he notes that the intervention
The daily Iraqi Central Bank to manage the sale and purchase of foreign currency in the light of the details of monetary policy which has been adopted since (10/04/2003) Despite the criticisms and observations many of the exports are really made a significant contribution in maintaining monetary stability and face any amounts needed by the market for the purpose of trade finance sector and the private meeting the needs of the Ministry of Finance local currency.
To Musbandhhzh criticism of the Bank issued instructions and controls and tried to seize control on the violations that occur review daily and follow-up of the money laundering offices in the bank and in the banking and oversight proactive electronic as Asdragira money laundering guide Takeda to adjust the application of Money Laundering Act and the new anti-terrorism, in addition to continuing his thinking to adopt a style of documentary credits and their replacement gradually instead of the current approach to control the movement of foreign currency and the reduction of disposition other than economic targets set for the application of monetary policy.
Since the deal the buying and selling of foreign currency is one of the largest open market operations to control the levels of domestic liquidity and put surplus cash in the safe in the general budget and tracks consumer spending.
As the Iraqi Central Bank maintained in 2016 to stabilize the Iraqi dinar exchange rate against the US dollar on the parallel market up (1290) dinars per dollar, as recorded in 2012 to 2015 at rates ranging from (2230-2250) dinars per Dolarma knowing that the central bank may Keep the official price of daily transactions at fixed an economist's a good sign that the stability of the exchange rate during these years, despite the difficult economic conditions experienced by Iraq during 2014 and 2015 and is still going on because of the sudden drop world oil prices by more (65 percent) compared to price levels in 2014 and the lack of security and stability and the war on terrorism and speculation in the currency market, but he kept his up and down balanced rates, and we expect to return to a normal level, especially after the relative improvement in global oil prices and increased volumes of oil for marketing purposes and the application of the new mechanism adopted by the Central Bank of Iraq 2017.
The CBI also managed to retain foreign cash reserves up to $ 50 billion because of falling world oil prices and the conditions of economic recession. However, the form of Secretary of the Iraqi dinar cover of Commerce and to cover up a six-month period and is globally certified standard rate
This marks a clear fact that the CBI has been able efforts and clear over the past two years to boost the tally of foreign exchange in the bank lockers in foreign banks and reserves of gold in Baghdad and abroad well commensurate with the oil prices and developments on the local and regional scene.
larrykn says(12:46 PM):
It must be noted here that the big role played by the Iraqi banking system as a tool of monetary policy implemented by planned by and oversees the implementation of the Central Bank of Iraq, which constitutes the basic wheel in the financing and management process of economic development and attracting investment Iraqi, Arab and foreign.
Despite what indicated by studies and official reports issued by international organizations and the Central Bank of Iraq that the Iraqi banking sector because of the challenges faced by not contributing requested contribution to the economic development over the past above despite its evolution rates growing since 2003 until 2014, in terms of total assets and capital funds and Odaiah and its credit evolved cash granted and capital adequacy in terms of total assets developed by (8 percent) in 2014 compared to 2013 as Ttoralaytman cash granted by 28 Balmayh 2014 compared to 2013. the recorded warheads money and Alodaya increase ratios (13 Balmayh) and (23 Balmayh), respectively, a positive sign the important role played by the sector in Almsrgi sustainable development.
(12:47 PM)Pablo was kicked out by Pablo!
larrykn says(12:49 PM):
Parliamentary Finance: Iraq 's debt exceeded the current indebtedness of the former regime
Views 69 Date 01/10/2016 - 16:39
Economy News / Baghdad ...
Parliamentary Finance Committee revealed on Saturday, Iraq's debt exceeded the current indebtedness of the former regime as a result of the amounts they borrowed the country, as pointed out the lack of any information on Iraq to borrow one billion dollars from the World Bank.
Said committee member Majda al-Tamimi in a press statement, he said that "fiscal and monetary misguided policies in Iraq has made the country drowning in debt and request loans from more than one party," pointing out that "Iraq's current debt exceeded what it was in the era of the former regime and the government is still the borrowing instead that is to reduce spending. "
She said Tamimi, "The news that talked about Iraq borrow one billion dollars from the World Bank in support of the 2017 budget just talk to the media, and there is nothing official so far in this regard," asserting that "the general budget did not reach the House of Representatives."
It is noteworthy that Iraq has borrowed money from the World Bank and International Monetary Fund, Islamic Development Bank and other entities in order to bridge the fiscal deficit because of the sharp drop in world oil prices.
larrykn says(12:50 PM):
The impending new legislation public financial management in Iraq
Views 189 Date 01/10/2016 - 16:53
Economy News ..
He favored the financial advisor to the Prime Minister Haider al-Abadi, Saturday, near the legislation of a new law on public financial management to fill the gaps and deficiencies in the current law, while stressing that the new project is characterized by governance and financial administration in Iraq to be "clear and explicit" in front of the international financial community.
He said the appearance of Mohammed Saleh said in an interview to the (long-Presse), and I followed the economy News that "the State Council studied the draft of the administration's bill of public finances in preparation to be sent to parliament for discussion and approval soon after you make simple adjustments relating to paragraphs 22 and 24, two special powers of the Minister of Finance," he , that "the adoption of the law serves the interests of Iraq being gives leeway to rectify the imbalance in the financial management of the state."
Saleh added that "financial management and public debt, No. 95 of 2004, currently in force was released in the US civil administrator time, Paul Bremer, was built on the General Accounting of the 1941 Act, and suffers from many shortcomings," adding, that "the most important of these the shortcomings governance of financial operations in terms of transparency and disclosure, participation and accountability, where the international financial community discovered that financial management applications in Iraq need to restructure. "
He continued financial advisor to the Prime Minister, that "the law currently in force does not encourage the financial management of the development in Iraq," pointing out that "the World Bank and the International Monetary Fund and the United Nations recommended some time ago the need to re-examine this law nearly kept pace with the administrative and financial international standards of sound."
Salih stressed that "public finances in Iraq are not trivial, because the economic activity of the government holds 67% of the GDP," explaining that "a huge government financial operations and affect the lives of every citizen, what he needs to see and standards clear to achieve justice and financial governance required Balnho ".
And Saleh stressed that "the time has come to enact a new law for financial management, taking into account not intersects with national and international standards," noting that the "most important features of the project financial management of the new Code, financial management governance in Iraq, especially that it needs to be clear and explicit to the community international financial. "
larrykn says(12:52 PM):
IMF confirms the continuation of talks with Iraq
Views 56 Date 10/01/2016 - 16:50
Economy News ....
Assured the International Monetary Fund on Saturday, continuing his talks with Iraq despite the sacking of Finance Minister Hoshyar Zebari, noting that its agreements are concluded with States and not with the people, stressing the need for Iraq to adopt a program of economic reform.
The head of the IMF mission in Iraq, Christian nut, in a press statement on Saturday, that the Fund would continue talks with Zebari Wazziralve succeed in the Iraqi Ministry of Finance.
The Iraqi Council of Representatives recently voted to withdraw confidence from Zebari, after being questioned.
larrykn says(12:53 PM):
The central bank announced a mechanism to distribute the reconstruction of Al - Rashid Street and squares on private banks projects
Views 48 Date 10/01/2016 - 16:46
Iraqi Central Bank announced on Saturday his intention special mechanism for the distribution of reconstruction projects and rehabilitation of Rasheed Street and public squares in Baghdad on private banks mode, and with the Association of Banks confirmed Iraqi Aacialh be so special designs will be prepared from an Iraqi advisory group in coordination with the secretariat of Baghdad, she noted that its members agreed to continue the reconstruction of other areas in the capital in stages.
The Director-General of the issuance of Closets in central bank Ihsan Shomran, in an interview to the (long-Presse), and I followed the economy News that "the 20 private banks have responded to the initiative of the Iraqi Central Bank and founder of the Glocal (LUGAL) for Iraqi reconstruction and rehabilitation of Rasheed Street and public squares in Baghdad," noting , that "the artist Naseer Shamma propose this idea during a ceremony to mark the century since it opened Rasheed Street, organized by the Central Bank."
He Shomran, that "the 20 banks responded to the initiative in the hope of increasing the number soon," adding that "each bank of which will ensure the rehabilitation of one of the squares of the capital under a special mechanism be established by the bank to distribute them by lottery, in coordination with the secretariat of Baghdad to take into account the aesthetic and critical style reconstruction."
For his part, Executive Director of the Association Almassarvalkhasy Iraqi Ali Tariq, said in an interview to the (long-Presse), "The initiative comes as part of Take Baghdad project, which will be launched during October now the month, with the support of the Central Bank and the Association of banks, to restore the aesthetic of the capital."
He said Tariq, that "the project will start from Al-Rashid Street that a joint private banks provide for financing the rehabilitation part of it before moving on public squares," revealing "private banks agreement to continue the reconstruction of Baghdad and other areas in a phased manner."
He said Tariq, that "banks will implement designs on squares according to the specifications to be developed by Makiya Group, a consultative body comprising the Iraqis the best architects in coordination with the secretariat of Baghdad."
The central bank announced on Wednesday (September 28 2016), for more than 20 private banks to call included the reconstruction and rehabilitation of Rasheed Street response in addition to the 20 public square in Baghdad, returned to such initiatives give a positive impression and contribute to the deepening of the spirit of citizenship, while he stressed the importance of social responsibility for the banking
larrykn says(12:54 PM):
sector, he explained that work was underway on the launch of the project (Take a Baghdad) for the implementation of large projects that backs capital, as befits its status and depth of civilization.
larrykn says(12:55 PM):
Hakim calls for an investment of diplomatic missions in Iraq for the development of relations with Arab countries
The head of the National Alliance, Ammar al-Hakim, an investment of diplomatic missions in Iraq for the development of relations with Arab countries.
A statement by the media for his office received by all of Iraq [where] a copy of the "al-Hakim, received at his office in Baghdad on Saturday, Algeria's ambassador to Baghdad, Abdul Qadir bin man-hours, and discussed with him ways to develop bilateral relations between Iraq and Algeria in the interest of the two brotherly countries."
He called al-Hakim, according to the statement to "open new horizons for cooperation and join efforts and security coordination, which serves the fight against terrorism and the salvation of the terrorist factions Daesh."
He urged the "Investment presence of diplomatic missions in Iraq to develop relations with the Arab countries in order to serve to maintain Arab unity, security and stability in the region, and address the challenges of takfiri ideology and eradicate it."
larrykn says(12:56 PM):
I'm still trying to figure out if al-Hakim is a good guy or not ,, hmmm
larrykn says(12:57 PM):
Amendments presented by the National Alliance on paragraphs 14 given by Sadr details
01-10-2016 03:03 PM
The State of law Coalition Deputy Kamel al-zaidi, said Saturday that some paragraphs amended National Alliance by Sadr's national coalition, especially regarding the choice of Ministers, noting that the current visited all the components of the Alliance before yesterday's meeting.
Zaidi said that their comrades had visited all the components of the National Alliance before the Coalition meeting, yesterday, gave a paper entitled reforming the National Alliance that included 14 points, indicating that the National Alliance amended certain paragraphs of that paper, especially regarding the choice of Ministers.
Zaidi said that the National Alliance discussed yesterday, the paper presented by the Sadr movement and that was including the work of the coalition and form a Government and choose a Prime Minister, as well as international and regional relations, stating that ' the paper ensures that the output Coalition Ministers and come up with independent Ministers, modified to select technocrats and professional fair and independent Ministers to be Alliance and not to force the Minister to emerge, as well as the appropriate place.
He continued, the other paragraph that has been modified is, that the Prime Minister does not take the chairmanship of the Alliance, put the word party instead of the word, that if the means all State of law Coalition takes chairmanship of the Alliance ', pointing out that the current student during his paper to break the relationship with the occupying powers, and today there is no occupier of Iraq only Turkey, amended the point that the position of the National Alliance relationship with all of Iraq's sovereignty.
The National Alliance President Ammar al-Hakim, announced on Friday, Sadr's return permanently to the meetings of the Alliance, said Jafar al-Musawi sadrist leader Muqtada al-Sadr's representative in the National Alliance meeting to reach full consensus between the coalition parties on paper ' workhouse ' presented by the current.
larrykn says(12:57 PM):
(12:57 PM)Pablo was kicked out by Pablo!
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