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Restored Republic via a GCR: Update as of April 22, 2018

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Monday, October 10, 2016

Dinar Updates Daily Chat Log for Monday 10/10/16 - Part 2

Dinar Updates Daily Chat Log

Part 2 - No Featured Members

DIGIman1 says(7:35 AM):

folded, spindled and mutilated....then baked into a cake...

larrykn says(7:37 AM):

Parliamentary law is proposed to shrink the Parliament members and private retirement


Baghdad scales news

The parliamentary legal Committee, revealed Monday, preparing a retirement Bill proposal privately, indicating another proposal reduce the number of Deputies.

The Committee said in a statement received Shogi/sound balance of news copy, to "block the citizen adopted a lot of bills including Amendment 21 of 2008 for provincial councils where you read it first read and proceed with the second reading in order to rationalize the work of the councils and reduce Setup and pressing charges".

He said another proposal "Shawki, reducing numbers of representatives; but includes a constitutional amendment," pointing to the "study of private sector retirement Bill proposal.

The House was finished in 11 of last August, the first reading of the third and fourth amendment bills to the provincial Act number 21 of 2008

larrykn says(7:40 AM):

this sounds good :)

larrykn says(7:41 AM):

Iraqi banking sector needs re-evaluation and classification

Sunday 09 October 2016

| 14:34

Iraqi banking sector needs re-evaluation and classification

The most prominent in the news

Qurtas News

proposed banking expert Iraqi Samir Nasiri, that « the Iraqi Central Bank prepare a study of the reality of government and private banks up to the re - evaluation and classification, assigning a specialized team in financial analysis to determine the administrative efficiency of performance standards and credit, with the participation of Iraqi banks, advisers and experts , the Association of Bankers». Featuring the Iraqi banking sector seven state banks are «Iraq» and «rational» and «Iraqi trade» and «industrial, agricultural and real estate, and« Islamic rivers », and 35 private banks , including Islamic banks , specialized and branches of foreign and Arab banks.

larrykn says(7:42 AM):

He Alnasiri in an interview to «life», the «importance of the application of the Central Bank decision on controls the nomination of board members and staff leaders in the banks, and confirm the separation between the owners and executive departments, and not allow them to interfere in the executive work».

He explained that the economic crisis «pant features since the mid 2014 and continued repercussions so far behind them well - known economists and the public reasons ». And identified as «financial mismanagement in state institutions, and dispose of non - studied oil resources achieved in previous years, as well as a decline in oil prices by 65 percent from what it was, added to all that the costs of the war on terrorism and requirements».

The Alnasiri the existence of steps to address policy wrong in the economy, is the importance of «develop a methodology or a clear strategy for the economy, and not to rely entirely on oil resources, and the development of plans and programs targeted to diversify its resources, and to encourage other sectors such as agriculture, industry and tourism». He stressed the need «application strategies prepared by committees advisers in the Council of Ministers in cooperation with the United Nations , international organizations, and the remaining 16 have not been implemented yet, and did not support the days of financial abundance, from oil revenues». It focused on the «trend towards infrastructure sponsoring and supporting the economy and institution - building, and to adopt proper mechanisms in the implementation of monetary policy and the creation of an alternative to the auction of the currency because it faced criticism».

larrykn says(7:43 AM):

And the cash trading market, pointed out that « the problems suffered by the instability of the dinar exchange rate, and the flight of the proportion of foreign currency abroad to the goals of non - economic and download the central bank responsibility that must be common to government institutions, as well as speculators and currency traders, formed factors «led to the low rate of savings cluster of cash in banks to 23 percent, compared with the compactness of $ 77 per percent outside the banking sector ».

he said that it« indicates a lack of confidence among customers and a number of banks due to low liquidity in some of them to a minimum, bringing the banks to not being able to fulfill its obligations to customers at their request cold and deposits. »

the businessmen and money attributed the poor the banking sector management to «men control the money and the exploitation of banks for funds deposited managers». They carried the responsibility of the central government « the deterioration of the economic situation of the lack of planning and organization». The head of the Iraqi Businessmen Union is willing Blibl, that «mismanagement in the banking sector because the money men under control, is the one who contributed to the exploitation of the funds deposited by some bank managers for their own investment and in violation of the law form».

And saw the Iraqi Businessmen Union member Abdul Hassan Ziadi, that «this problem borne by the central government for the delay in payments to people, in addition to the lack of organization of the economic process that led to the collapse of the process».

larrykn says(7:43 AM):

She drew international project center in Iraq actress Mona earthquake , in a statement, that «banking service is real to these banks were one of the causes of the problem, as are given to friends and acquaintances managers without study ».

the CBI has given the government banks until last September, to adapt systems and electronic transactions».

he stated that « the proportion of beneficiaries and users of these transactions do not exceed 10 percent». He suggested the possibility of «contribution orientations to expand the use and benefit from 77 percent of the money supply in the possession of citizens outside the banks, get rid of the cash circulation problems.» 

larrykn says(7:44 AM):

seems the auctions keep going up lately

larrykn says(7:44 AM):

149 million dollars of foreign exchange by the central sales

10 October 2016 02:12 pm

Direct: the Iraqi Central Bank sales of foreign currencies through an auction on Monday, to $ 149.5 million, compared to $ 139.1 million Sunday, according to the statement.

The Central Bank said in a statement, the exchange rate averaged 1182 dinars per dollar in auction held at participation of 29 banks and 12 remittance company.

The Bank noted that the volume of remittance payments totaled $ 36.21 million, totaled $ 81.3 million sums, while quantity sold 32.01 million dollars in cash.

Central, explained that the sale of transfers to bank accounts abroad be priced at $ 1190 each DT either cash sale price is the price 1190 dinars per dollar.

larrykn says(7:47 AM):

A slight decline for the dollar today when JD 1300

2016/10/10 10:49

[In Baghdad]

Foreign exchange markets in Iraq, Monday morning, slightly dollar Iraqi dinar.

And record the market price in Baghdad struggle stock closed at nine o'clock and 30 minutes 1300 dinars per dollar, 130 000 to 100 dollars, having overcome today 131 000 to $ 100.

Dollar-buying and selling prices in the banking companies:

Sale price per dollar b 130.50 DT, 130 000 and 500 dinars, for $ 100.

Purchase price of USD $ 129.50, no 129 thousand and 500 dinars, for $ 100.

Foreign currencies:

Euro world price: 1 euro = 1.1173 dollars.

Pound world price: 1 pound = 1.2390 dollars.

The Turkish Lira world price: $ 100 = 304.63 TL

Us $ 100 = $ 131.60

100 USD = CAD $ 132.57

100 USD = 103.05 Yen

larrykn says(7:49 AM):

we were asking what happened to the A&J law:

larrykn says(7:49 AM):

Parliamentary legal: near end judicial laws formulations

2016/10/10 13:37

The parliamentary legal Committee declared the near completion of the final drafts of the laws of the jurisdiction.

Vice Chairman, said in a statement received slavish denominator all Iraq [where] a copy of it on Monday, "the legal Committee in the House of representatives is completing the final drafts of the laws of the jurisdiction to view and vote on them."

He noted that "the Committee hopes to vote on the judicial supervision Act by members of the House of representatives to finish the rest of the laws regulating the functioning of Justice [Federal Court Act and the law on public prosecution and the Supreme Judicial Council Act]".

He pointed out that "the parliamentary legal continues to discuss adjustments to the rules which fall within its competence."

larrykn says(7:51 AM):

Ja'afari receives an invitation to visit Kuwait to promote bilateral relations.

2016-10-10 14:56

Ibrahim Jaafari, Foreign Minister Monday, Kuwaiti Ambassador in Iraq Salim ghesab the times an official invitation to visit his country to boost bilateral cooperation between the two countries and activate signed agreements.

The Foreign Ministry statement said each agency receives Iraq [where] copy of it today, "discussed bilateral relations and mechanisms open more horizons of joint cooperation between the two countries, as well as the importance of holding an Iraqi-Kuwaiti joint Committee at the end of this year in Baghdad," pointing out that "Al-Jaafari received a formal invitation to visit Kuwait.

"Jaafari stressed more efforts to convene a donor conference to support Iraq in Kuwait", noting "the need to implement the agreements between the two countries, signatory and signed a memorandum of understanding, security and intelligence cooperation, and no Saudi Iraq Embassy open military in Kuwait," the Foreign Ministry is ready to provide all the necessary support for the success of the mission, Ambassador in Baghdad work, wishing him success in the performance of his task, and strengthen ties between the two countries. "

The Kuwaiti Ambassador said he would "make every effort to open more horizons of joint cooperation between the two countries."

Salem ghesab recognized the times a letter addressed by first Deputy Prime Minister for Foreign Affairs of Kuwait Sheikh Sabah Al-Khalid Al-Hamad Al-Sabah an official invitation to include Dr Jaafari to visit Kuwait in the framework of strengthening ties between the two countries.

larrykn says(7:53 AM):

Central Bank: frequent holidays and import dependence high dollar


Central Bank spokesman Acer Jabbar Central Bank should have a hand in what gets a rise in the exchange rate of the dollar against the Iraqi dinar, with pointed to factors that will influence that height, including frequent holidays, and keep the country imported goods by 95%.

Jabbar said in tsarihshavian Bank's actions on audit records and documents for banks and banking and remittance finds it refers to sell the dollar in a fixed exchange rate is 120 000 versus $ 100 though banks and companies selling those for dollars at higher prices.

Stressing that the Central Bank considers watchdog dealing with papers and documents cannot control those companies and banks without security and operational assistance.

He continued to say that what the Bank can do to offset the dollar's rise in the Iraqi market is dollar infusion into the market but that it follows a lot of problems, including political and economic, stressing that the only solution to the problem of high dollar should be shared between the Central Bank and the Federal Government said it has the bulk of the solution across affiliate institutions controlled by the Ministry of trade and economic security to regulate the entry of goods to the country.

Bank spokesman also noted that frequent holidays granted by the Government for other services also affects the dollar because banks close their doors during the holidays.

And Lastly, Jabbar attributed the rise of the dollar to the fact that the country is importing goods by 95%, and this makes the heavy demand for dollars is a reason to rise by dollar demand by importers for goods.

larrykn says(7:54 AM):

Baghdad intends to cooperate with investment companies to promote the service and urban realities

Since 2016-10-10 at 11:34

Baghdad scales news

Uncovered Baghdad, Monday, its intention to establish a broad investment conference to expand cooperation with investment companies to promote the service and urban reality in the capital.

Governor of Baghdad said in a statement on Al-Tamimi received/balance of news copy, "the Mayor held a meeting with a number of investors".

Tamimi said, according to the statement, that "capital will establish a broad investment conference in DC which invite top businesses and investors, seeking to open the door of cooperation and coordination between conservative and discreet investment companies in all fields".

He stressed that "our investment since 2013 is convinced that the best solution for investment projects a lot of residential, health and economic problems," calling on investors to "make efforts to attract international companies and work to create many projects that serve the Baghdadi citizens."

He noted, "the need for the use of all enterprises with investors in accordance with the investment law giving flexibility in dealing for the success of future investment plans in order to promote the service and urban reality in the capital."

larrykn says(7:55 AM):

Ports: opening a berth on the other Bank of the port of Um Qasr

2016/10/10 10:10

[In Baghdad]

Port company, opens Monday, the sidewalk on the other side of the port of Um Qasr, South of Basra.

The statement said the company received notification all Iraq [where] a copy, that "Iraqi ports will open Monday morning, a Philippine company docks that was hiring a Filipino company [ICTSI] holding a joint operation three docks within convoying stomach ports plan until 2018 to reach 83 Quay to increase absorption of energies of ports".

He added that "for the first time in the company of Iraqi ports [ICTSI] Filipino in cooperation with [Basra MAS] erected [simulator] to simulate modern methods in containers.

The length of the sidewalk reached 208 meters and width is about 35 meters with rear yards for containers with a total area of approximately 500 square meters and is equipped with two new bridges with three cranes cranes [RTL], and other transfers and handling equipment, "alluding to the" project was implemented by the cadres of the company [Basra MAS] in accordance with the common operating mechanism with [ICTSI] Philippine ".

larrykn says(7:57 AM):

Egyptian Prime Minister llgbori stresses cooperation with Iraq in various fields

2016-10-10 12:52

Baghdad scales news

He met House speaker Selim Jabouri, Monday, Egyptian Prime Minister Ismail.

Jabouri's Office said in a statement received/balance of news copy, "they discussed prospects of joint cooperation and ways to support Iraq economically through increased trade between the two countries."

The speaker stressed the "urgent need for Iraq to support ashakh Arabs and especially our sister Egypt, adding that the Republic of Egypt has always been present in Iraq as positive, and we look forward to more.

He noted "the importance of facilitating the procedures for granting visas to Iraqi arrivals to their second Egypt especially in the educational and economic spheres."

Ismail said "the cooperation of Iraq with absolute Egypt in the various political, security and economic areas."

larrykn says(7:57 AM):


(8:00 AM)Be sure to join the Dinar Updates “private” FaceBook Group… https://www.facebook.com/groups/571383766355188/ (go here and ask to join… then add some Dinar Friends!!)

clay says to larrykn(8:17 AM):

hey there buddy GM :)

clay says to larrykn(8:17 AM):

nice photo on FB

larrykn says to clay(8:23 AM):

GM buddy ty :)

clay says to larrykn(8:25 AM):


(8:42 AM)woodywoodpecker was kicked out by woodywoodpecker!

DIGIman1 says to larrykn(Whisper message)(8:42 AM):

can you take chat in the next little bit?

larrykn says to DIGIman1(8:44 AM):

sure copy an I'll take it

(8:45 AM),MOD.larrykn changed nickname to .MOD.larrycopier!

DIGIman1 says to larrykn(Whisper message)(8:46 AM):
k thank you :)

Continue to Part 3 | Link to Part 1



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