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Wednesday, May 17, 2017

"There it is!" - Wed. PM KTFA Thoughts, News w/ DELTA

KTFA

DELTA » May 17th, 2017


FRANKIE.....THERE IT IS!!!

US ambassador for "Tomorrow Press": some Iraqi funds has prepared us "contraband" and we are working to restore the remaining

one hour ago Last updated 02:43 PM

BAGHDAD / Press tomorrow:

confirmed the US ambassador to Iraq , Douglas Silliman, on Wednesday, his country seeks to return the money smuggled out of Iraq in the time of the former regime, pointing out that he has been re - some of those funds that were hidden.

He said Silliman, in response to a reporter 's question , "Tomorrow 's Press", during a press conference at the US embassy in Baghdad, said that "America has been working for several years to determine where the money went in the defunct Iraqi regime."

"During the last 13 years have been re - some of the money that was hidden on the government and the people , " adding "there are dialogues with the Ministry of Foreign Affairs in order to re - smuggled money."

He continued Silliman "There are funds remaining in some countries and their laws do not allow the return of funds because some of them do not know their accounts , " noting that "This is one of the first Iraqi Foreign Minister Ibrahim al - Jaafari, and we are working with him to return the funds as much as possible."

It is noteworthy that the Integrity Commission, had confirmed in 2014 that the smuggled money and located in the countries to be retrieved and reached Trillion and $ 14 million,noting that there are some obstacles on the subject of receipt of the accused and the recovery of funds to different internal systems.

http://www.alghadpress.com/news/102400/Alghadpress

DELTA

MilitiaMan » May 17th, 2017

Wow!! (RESTORE) that is, as in USDs too. $1 Trillion and $14 million.. Put that into the reserve pipe and smoke it.. lol When they get that much Dinaro's ( lol ) back into the Iraqi coffers? Hold the back door open Alice..

The IQD Value is going to be needing all the room it can muster with that kind of change being re repatriated. I'll bet Moodies, Fitch, Standards & Poor, are wringing there grubby little fingers and hands about now, with that cat being out of the bag.

No wonder they want the Govt. Banking to ease their monopoly on the banks. Let them go private now. We have all we need to support our country with that sort of money coming home. Let Private Banking sector grow organically now. Let them finance the Citizen's new cars, new homes, new business, infrastructure, etc.. Get the point? lol

"And called for the restructuring of the particular government banking sector, with an emphasis on the need to study the allocation of some of its departments, and to activate the operating banks to expand their banking services and diversify, particularly to increase credit and investment share in a balanced manner with total revenues into these banks an effective pillar of economic growth, provided that the move away from monopoly some banking operations and the withholding of government activities and public institutions for private banks." ~ Final Article #49

MilitiaMan » May 17th, 2017

It looks as though not only are they moving away from a Govt. monopoly in the banking sector they are looking out for the investor and looking to return value to the stock market with supporting or lifting share prices to more realistic ranges that are higher than now. ~ MM
"
He added that there is also the need to develop the Iraqi market for securities money and support, and to find the means and tools that drive towards the lifting of the market and companies index prices, in line with its assets and standards of production and profits, and to prevent speculation that harm the Iraqi assets disproportionate real value, calling for the establishment of a fund or a private portfolio certificates of deposit issued by banks wishing to address the deterioration of stock prices.

The request to add a new bank management current investment investment climate in the market to promote and increase the size of the deposits of banks leads to increased investment activities in all economic sectors and thus achieve a positive return for investors."

MilitiaMan » May 17th, 2017

They are going to support the exchange rate to the dollar in the short period. Which imo is now more close in line with the said "" mid term. The mid term in my view was said to be or was established back at the beginning of "Mookla" late Dec 2016/ early Jan 2017, thus, mid term is almost over.. And quickly too. They are now in Short Term range.. A Good thing.. ~ MM
"
He said Alnasiri The monetary policy of leading efforts to achieve economic stability and stabilizing the exchange rate rates that the national economy will also increase the strength and effectiveness to meet the economic challenges of economic policy, and believes that the achievement of reserves of foreign exchange, which currently stands at about $ 49 billion, stabilize the Iraqi dinar exchange rate against the dollar is one of the things necessary, pointing out that the foreign currency held by the «Central» window had a positive role in maintaining an appropriate level of the exchange rate and install it.
He pointed out that «Central» Iraq has taken many steps to expand the list of available instruments of monetary policy and to cover the reserve required to include government deposits, and the granting of facilities on deposits maturing in a short period in order to allow banks to manage their liquidity more effectively."
"During the last 13 years have been re - some of the money that was hidden on the government and the people , " adding "there are dialogues with the Ministry of Foreign Affairs in order to re - smuggled money."

He continued Silliman "There are funds remaining in some countries and their laws do not allow the return of funds because some of them do not know their accounts , " noting that "This is one of the first Iraqi Foreign Minister Ibrahim al - Jaafari, and we are working with him to return the funds as much as possible."

It is noteworthy that the Integrity Commission, had confirmed in 2014 that the smuggled money and located in the countries to be retrieved and reached Trillion and $ 14 million,noting that there are some obstacles on the subject of receipt of the accused and the recovery of funds to different internal systems.

http://www.alghadpress.com/news/102400/Alghadpress

DELTA

MilitiaMan » May 17th, 2017

Wow!! (RESTORE) that is, as in USDs too. $1 Trillion and $14 million.. Put that into the reserve pipe and smoke it.. lol When they get that much Dinaro's ( lol ) back into the Iraqi coffers? Hold the back door open Alice..

The IQD Value is going to be needing all the room it can muster with that kind of change being re repatriated. I'll bet Moodies, Fitch, Standards & Poor, are wringing there grubby little fingers and hands about now, with that cat being out of the bag.

No wonder they want the Govt. Banking to ease their monopoly on the banks. Let them go private now. We have all we need to support our country with that sort of money coming home. Let Private Banking sector grow organically now. Let them finance the Citizen's new cars, new homes, new business, infrastructure, etc.. Get the point? lol

"And called for the restructuring of the particular government banking sector, with an emphasis on the need to study the allocation of some of its departments, and to activate the operating banks to expand their banking services and diversify, particularly to increase credit and investment share in a balanced manner with total revenues into these banks an effective pillar of economic growth, provided that the move away from monopoly some banking operations and the withholding of government activities and public institutions for private banks." ~ Final Article #49

MilitiaMan » May 17th, 2017

It looks as though not only are they moving away from a Govt. monopoly in the banking sector they are looking out for the investor and looking to return value to the stock market with supporting or lifting share prices to more realistic ranges that are higher than now. ~ MM
"
He added that there is also the need to develop the Iraqi market for securities money and support, and to find the means and tools that drive towards the lifting of the market and companies index prices, in line with its assets and standards of production and profits, and to prevent speculation that harm the Iraqi assets disproportionate real value, calling for the establishment of a fund or a private portfolio certificates of deposit issued by banks wishing to address the deterioration of stock prices.

The request to add a new bank management current investment investment climate in the market to promote and increase the size of the deposits of banks leads to increased investment activities in all economic sectors and thus achieve a positive return for investors."

MilitiaMan » May 17th, 2017

They are going to support the exchange rate to the dollar in the short period. Which imo is now more close in line with the said "" mid term. The mid term in my view was said to be or was established back at the beginning of "Mookla" late Dec 2016/ early Jan 2017, thus, mid term is almost over.. And quickly too. They are now in Short Term range.. A Good thing.. ~ MM
"
He said Alnasiri The monetary policy of leading efforts to achieve economic stability and stabilizing the exchange rate rates that the national economy will also increase the strength and effectiveness to meet the economic challenges of economic policy, and believes that the achievement of reserves of foreign exchange, which currently stands at about $ 49 billion, stabilize the Iraqi dinar exchange rate against the dollar is one of the things necessary, pointing out that the foreign currency held by the «Central» window had a positive role in maintaining an appropriate level of the exchange rate and install it.
He pointed out that «Central» Iraq has taken many steps to expand the list of available instruments of monetary policy and to cover the reserve required to include government deposits, and the granting of facilities on deposits maturing in a short period in order to allow banks to manage their liquidity more effectively."

MilitiaMan » May 17th, 2017

"Also keep in mind the PTB have been hard at work to support all these efforts with laws and for at least 3 years.. Yes this is now in the short term.. Exciting times friends! Very exciting!! ~ MM
"
The issuance of this guide took three years of joint work between the Iraqi government and the US government in coordination with the National Investment Commission and the Trade Law Development Program (CLPD) of the US Department of Commerce, as well as other partners from their counterparts in the European side as well as international and local experts and experts in the field Commercial and legal and investment, and was written in Arabic and English, and became available on the site of the National Investment Authority and its branches in the provinces and the location of the US Department of Commerce."

Don961 » May 17th, 2017

Flotation bank solution to the crisis of Iraqi funds

Date: May 17, 2017 In: Banks and banking , bar News

BAGHDAD / NeniraQ special

Reports issued by some of the financial and monetary institutions locally and internationally discreet signals that the hard currency reserves in Iraq fell to $ 40 billion only !! In the first quarter of 2017 after it was at the beginning of 2014 more than $ 88 billion.

This indicator needs to pause a serious and deep research to diagnose the defect and find quick solutions before entering the Iraqi economy in the arena of a new monetary crisis , knowing that the government 's secretive on this economic news.

In this regard I suggest money experts and economists to form a crisis cell to discuss solutions
and there are a number of solutions for the depletion of hard currency , including: -

1 floating currency which is a very difficult choice to apply in Iraq now.

2. cancel the auction currency (major disaster).

3. The re - activation of control over the financial transfer circuit.

4. border control and prevent the smuggling organization through the activation of the customs tariff law.

5. Adoption of documentary credits in import operations instead of selling the currency traders.

6. The restructuring of loss - making companies in the industrial sector and privatization. And take advantage of the hard currency resulting from the privatization.

7. attempt to decode the progressive link between the Iraqi dinar and the dollar and linked to the national currency to a basket of currencies , and this procedure needs to be a political decision and the will of the national and other solutions and plans but you need to correct a serious and work through the formation of a crisis cell to discuss the matter diagnosis.

The appearance of Mohammed Saleh Financial Advisor to the Prime Minister has proposed the establishment of a bank to finance the private sector trade contribution of all commercial banks (government and private) and specializes in the function of opening letters of credit syndicated bank to finance the foreign trade of the private sector along the lines of the Iraqi Trade Bank , which is financed by government imports through the opening credits documentary.

He pointed out that the Central Bank of Iraq supports the proposal as well as the Ministry of Commerce and the Ministry of Planning, to impose a state of Anzbat in the disposition of foreign operations / wholesale currency, with the availability of a strategic partner in the management and a global bank credit rating high level, adding , "forming the bank leave from the Central Bank and the Ministry of Commerce as a contribution to international banking practice and in accordance with the high foundations of governance , the separation of management from ownership and management of an independent board. Hoping that work on the formation of this international banking regulatory high - level entity.

http://neniraq.com/econews-141/

MilitiaMan » May 17th, 2017

Wow, Don961 how fun is this. Seems like I just wrote something along those lines.. GLOBAL CREDIT RATING at A HIGH LEVEL!? lol ~MM

Don961 » May 17th, 2017

Those loans from the IMF / WB and other countries .... GOI has been schooled that Iraq's debt can be used to build a healthy international credit rating .... and help get them on track to a prosperous and strong economic future ...

Fears of confiscation of economic decision .. debt amounted to $ 162 billion

Reload 05/16/2017 6:09 pm

BAGHDAD / JD / .. after Iraq's internal and external debt rise expressed a number of economists have expressed fears the confiscation of economic decision-government because of the external debt increased because of the conditions unjust imposed on Iraq by the creditor, noting that the foreign debt amounted to about $ 122 billion, while Interior amounted to about $ 40 billion.

Says economist Abdul Hassan Mohi-Shammari, Iraq lacks the wise economic policy that can be implemented the country in the event of any economic crisis, and at the time of the financial crisis because of lower oil prices went before the Iraqi government to debt as a head of the crisis without thinking about how the advancement of the national economy through activation of vital productive sectors and to reduce foreign imports.

Shammari said agency / JD / "The foreign debt of Iraq from the International Monetary Fund and the World Bank and the countries land amounted to about $ 122 billion in addition to the internal debt of domestic banks amounted to about $ 40 billion, and that's what makes there for fear of confiscation of political and economic decision of the Iraqi government during the coming period, the fact that debt is conditional on adverse terms by the creditor. "

He noted that "the government thinking about how to get out of this economic disaster that led to the rise in the volume of debt in the absence of the domestic product and increase the volume of foreign imports of the most basic industrial products that were produced at home."

For its part, the parliamentary finance committee ruled out the acquisition of Iraqi economic policy by the authorities condemning Iraq, stressing that all debts have been supportive of the Iraqi economy.

A member of the committee MP Masood Haider Rustam told / JD / that "the debt obtained by Iraq from the International Monetary Fund aimed at supporting and developing the financial management of the country and the economy of Iraq, and reduce the size of spending and try to increase revenue and activating the private sector, not aimed at the acquisition of the economic policy of the Iraqi government" .

He added that "there are legal legislation in parliament concerning external debt, but this does not mean that there are fears the confiscation of economic decision, but how to make use of debt to develop the Iraqi economy" .anthy / 8 /

http://www.dananernews.com/news?ID=8301

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