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Monday, November 28, 2016

BGG's News Time at Dinar Updates 11/27/16 - Part 1

NEWSTIME WITH BGG & CO. Sunday, November 27, 2016 - Part 1

BGG says(6:32 PM):

Mrs BGG - would you mind saying a quick prayer to get us started off right??

MrsBGG says(6:33 PM):

Heavenly Father, we come to You by the Blood of Jesus. Thank You for the Thanksgiving celebration! We are thankful that You loved us and washed us from our sins in Your own blood and Your resurrection power. We thank You for Your unfailing love and Truth. We thank You for family and friends We thank You for this site and all the people who help and serve! We pray for BGG and all those who bring in the News that You will continue to give them wisdom as they bring in the News. We pray for the country of Iraq and the people that they may hear the good news of Jesus Christ and that You will protect them. Thank You Holy Spirit for Your leading and guiding. Thank You Jesus , You are our Strength, You are our Healer. We pray that You will bless each person and their families here. We give You all the Glory , HOnor, and Praise! In Jesus Name, Amen.

subgirl says(6:34 PM):

ok Mags its all yours now!

MrsBGG says(6:34 PM):

Welcome to News Time tonight!! Hope everyone enjoyed Thanksgiving with their family and friends!! We are gald that you are here

magnetlady says(6:34 PM):

Thanks subby

subgirl says to magnetlady(6:34 PM):

your very welcome

MrsBGG says(6:34 PM):

Just a reminder during News Time if you have a question or comment , please use a ?

It makes it easier for the copiers and readers

For anyone who is new to News Time, welcome!! We are glad that you are here!!

Sit back and relax and enjoy

and we are glad not "gald" lol

BGG says(6:37 PM):

I'm "gald"... (sometimes)

MrsBGG says to BGG(6:37 PM):

BGG says(6:38 PM):


for those that missed it thus far - be sure to tune into the Chat Logs - Loop, RCookie and others have been BOMBING the Chat Room with very good News ALL DAY...

Mucho Gracias to those guys!!

Also - huge thanks to all of our Chat Copiers - MODS - FB Admins - News peeps - and everyone who helps out here to make DU what it is...


MrsBGG says to BGG(6:42 PM):


david334 says(6:42 PM):


MrsBGG says to david334(6:42 PM):

Please hold until Q & A, thank you

BGG says(6:43 PM):

Let's get some Real News going here...

MadDScout has a couple of articles to start us off...

this first one is interesting.

MadDScout says(6:43 PM):

Good evening folks

There are so many good ones but here is a short "forward looking" report

Iraq receives four billion dinars as a loan from the World Bank next month


Special scales News

Economic Adviser to the Prime Minister revealed the appearance of Mohammed Saleh, Sunday, that Iraq will receive four billion dinars as a loan from the World Bank, the start of the month of December next. Saleh said, L / balance News /, that "Iraq will receive four billion dinars as a loan from the World Bank loans of the seven major industrialized nations and the European Union, the start of December next." He said economic adviser, said: "The loan is allocated to support the general state budget for the purposes of investment projects, which include support for various projects, including vital infrastructure destroyed and the rehabilitation and reconstruction of the affected areas," .anthy 29 / A 43 areas

BGG says(6:44 PM):

When I saw this one - my first thought was...

1) That is great... the WB pitching in (even if it IS only 4 million USD) means they are HEADED towards international "re-integration"... via IMF oversight

and my second thought was...

2) 4 million USD doesn't seem like much (or less) - unless of course... it's NOT REALLY 4 million??

they qouted this number in Dinar (which they would - since it is in Arabic vernacular)...

but that number may not be "exactly static"...

Who knows what 4 Billion Dinar is worth then??

MadDScout says(6:48 PM):

My thoughts also when I first saw this. The "static" part

BGG says(6:48 PM):

4 million doesn't do much in the way of "reconstruction"... 4 Billion - on the other hand... might be a start...

magnetlady says(6:48 PM):

I don't know, BGG would it be 4 million USD

jimplants says(6:49 PM):


MrsBGG says to jimplants(6:49 PM):


jimplants says(6:50 PM):

this is the first time i have read either the world bank or IMF using dinar instead of USD

BGG says to jimplants(6:50 PM):

Weird - right?!?

MrsBGG says to david334(6:50 PM):


jimplants says(6:51 PM):

yep unless they arejumping the gun

BGG says to jimplants(6:51 PM):

I don't think secrecy is a big deal now... what's out is out. It won't change the picture for Iraq much.

They may not say - exactly - but they've pretty much already said so...

slh5282 says(6:52 PM):


MrsBGG says to slh5282(6:53 PM):


jimplants says(6:53 PM):

its like the gold to dinar article its real just early

BGG says to jimplants(6:53 PM):

Yup - agreed.

slh5282 says(6:53 PM):

any updates regarding Mosual?

MadDScout says to slh5282(6:53 PM):

Just today they took 3 more towns

BGG says to slh5282(6:54 PM):

Just what's in the News everyday... appears they are making progress everyday.

MadDScout says to slh5282(6:54 PM):

It is over 30% cleared

MrsBGG says(6:54 PM):

Okay, let's hold now with the questions until later, thank you

slh5282 says(6:54 PM):

ok thanks

MadDScout says to BGG(6:54 PM):


BGG says to slh5282(6:54 PM):

there is no such thing as "secret intel" on that front - (as if there were ever any "accurate" secret intel)

MadDScout says(6:54 PM):


BGG says to MadDScout(6:54 PM):

Sure - go ahead...

MadDScout says(6:55 PM):

This is another nice report on economic

Abadi adviser calls for the establishment of a new bank to finance trade and private sector

Sunday November 27, 2016 15:02

Alsumaria News / Baghdad

called on the prime minister for economic affairs adviser to the appearance of Mohammed Saleh, Sunday, to set up a new bank for trade finance to the private sector, while stressing the need for separation between monetary policy and the financing of foreign trade.

Saleh said in an interview with Alsumaria's News , "It is time to separate monetary policy and trade financing to the private sector through the proposal to establish a new bank is composed of government and private sector trade finance to the private sector along the lines of the Iraqi Trade Bank , which finances government trade , " noting that " the bank Central will sell the dollar for the last bank to turn to trade finance for the private sector. "

Saleh added that "whatever credits include breaches are the safest of transfers that are vague with weak Customs", adding that " the credits based on the shipment of goods that are clear and exaggeration in prices documents , it is censored."

Saleh continued that "hard currency source Mtota of oil to dispose of them and must rationally and central location , and therefore, the trade must be regulated by the government, but without restriction , " pointing out that "the trader not to trade bills and claims are incorrect result of obtaining the dinar illegally section including the mysterious ".

He stressed that the benefit of "separation between monetary policy and the central bank intervened to preserve the stability of the exchange rate and the trade finance needs to consider the strength and power in light of a difficult situation at the moment."

It escalated accusations over the currency that has cast a shadow on the sale of the dollar in the domestic market prices of smuggling operations, while MPs demanded that the government take the initiative to stop the sale of currency operations in the auctions of the Central Bank, and others stressed that Iraq loses big money due to smuggled daily out of bounds, under the pretext of foreign trade.

They want a halt to auctions

BGG says to MadDScout(6:58 PM):

I'm not sure what I think about this - other than they are REALLY rethinking their approach to monetary policy... it portends some serious changes likely "in the works"...

MadDScout says to BGG(6:58 PM):

My thoughts also

I think forward of these reports

It's what they allude to

BGG says to MadDScout(6:59 PM):

There really is a lot of meat in that report... I'll be working on it for a while.

MadDScout says to BGG(6:59 PM):


I am still getting my head around it

The next one would be even longer


But is chock full o'

that last one was brought into Chat by Loop earlier as well.

Ok good enough

MadDScout says(7:01 PM):

Ok next on BRB

It plans to address the economic problems on the basis of sustainable development

Views 0 Date 27/11/2016 - 10:22

Economy News / Continue ...

The agreement between the private sector and decision-makers a positive thing no matter what the turning point in addressing the problems, but economic, in terms of economic growth works to go societies to safety and the stability and well-being, that which was confirmed by the final workshop program dialogue between decision-makers of the private sector.

The workshop, which was attended by decision-makers as well as private sector businessmen organized by the Union of the Centre for International projects put forward quite frankly ways of economic underdevelopment marked by bureaucracy and corruption legislative and intersections that regulate the work and create a whole is suitable for attracting investment in all sectors working environment.


Vice-President of the Union of businessmen on behalf of Jamil Antoine ran the workshop, which was held in Sulaimaniyah province and said that the presence of the private sector offset by the presence of decision-makers would have created realistic solutions to the problems of the Iraqi economy, especially as the elements of economic development are available and can be achieved in some sectors rapidly, if we were able to organize the work, especially the agricultural and industrial sectors.

He noted that the workshop focused on investment and the agricultural sector of the banking sector as well as industry, construction and infrastructure, as I stood at the trade, business and tourism sectors, pointing out that this final workshop after six workshops were held in six provinces aimed to study the economic situation and the most important ways to address obstacles to economic growth, indicating this workshop aims to channel funds toward a win-win.

The International Projects Center has studied the ways of economic development and limitations faced in eight provinces along the years.

Strategic planning

Member of Parliament Dr. Mehdi al-Hafez praised the role of the International Projects Center and the Union of businessmen in determining the economic problems and provide treatment to her, pointing out that this presence between the parties helps to assemble efforts and mobilized to develop the sector and industrial production projects, noting that he was standing at twice the capacity and expose corruption and thinness of infrastructure and the absence of strategic planning and the lack of implementation levels, as well as poor control mechanisms.

He stressed the importance of addressing the developmental problems and achieve economic reform and national liberation from terrorism and get rid of corruption and promoting national unity as well as the diversification of the national production.

Private agendas

The head of Businessmen Union Reza Ragheb Blibl has pointed out that the establishment of the workshop in this place is aimed at emptying everyone to discuss the most important ways to achieve development in the rich like Iraq is a country and to stand when addressing the challenges precise mechanisms after study the conditions of eight provinces and organize a private agendas and discarded before the makers resolution, referring to several meetings before this workshop in Baghdad, addressed various aspects of development.

Actress international projects Mona earthquake, she said that the agendas of the business program, which examines the economic realities and challenges in some provinces began in the Kurdistan region and we pointed for development in the provinces of the region after overcoming some obstacles and we hope that the same development in all governorates of Iraq is happening, especially after the rise in the vote for reform.

Real Sector

Member of Parliament Dr. Magda Tamimi confirmed that the survival of this approach in the economic management of the process leads us to retreat unless we give a chance to the real sector work, but pointed out the need for attention to decentralization and giving the private sector role in the economic management of the process, especially after he left the peasant land and the worker factory.

And showed that it had reached, according to a study her that the employee work rate does not exceed half an hour, especially as the employees' salaries up to 47 trillion dinars and represents the pressure on the budget and in return not Aojaddanteg real, pointing out that the private sector is the real sector, which must support him to work on the achievement of development sustainable, at the time working in the House of Representatives to amend some paragraphs of the budget.

Investment amounts

Member of the Baghdad Economic Forum Majid picture theme of banks and said that the convergence between banks and investment can not recover unless they have a special environment united by pointing out that the Kurdistan region, environmentally managed to attract $ 22 billion for work and investment, either in the general areas of Iraq, the other did not exceed the amounts investment of $ 3 billion, which requires us to work on the creation of capital and cutting-edge companies an attractive investment environment.

He pointed out that investment budgets after 2003 to the day amounted to nearly 360 billion dollars, but the methods of implementation confused prevented the achievement of 6000 projects worth $ 228 billion, pointing out that all banks including Islamic doing business because of the law which does not allow investment which requires to reconsider Article 28, as the specialized banks turned to its commercial business loans and give high benefits.

Spokesman Antoine ran the workshop and said that the constitution confirms that the wealth belongs to the people, but we see the opposite, where we have 6 million from the private sector labor force without collateral so that the private sector be marginalized remains despite familiar with everyone that without the private sector can build a real economy.

Accordance with the objectives

While the Director General of the Department of investments in the Ministry of Industry Abbas Nasrallah: The private sector said must take its role in economic development, pointing to the importance to do the role of the Industrial Bank, and operates in accordance with the goals that the foundations for it, noting that the importation RAM and a lack of role device Central Standardization and quality control impact negatively on the industrial reality.

The specialist in economic affairs Farouk Mustafa was marked in scarves and students to begin a new phase is to declare institutions in the public and private sectors that do not exercise real role in supporting economic development and enough modern signals only, but we need to stand firm against these institutions in the general areas of Iraq, including the province.

Make plan

Abdul Latif Rashid Presidential Advisor said, Iraq is a rich country and we do not have natural disasters and that our problems can be overcome, and here to be working on a plan to resolve all the problems, which requires addressing the legislative regimes that do not fit with the reality of the transformation experienced by Iraq, noting that some laws do not correspond to the stage, do not achieve the benefit of the country and must be our laws encourage the oil industry.

Dr.. Mona al-Moussawi noted that Iraq is a country blackness and we have to encourage the consumer protection tariff and tariff laws and this helps in activating the production process in proportion to the wealth of Iraq, which extends from end to end, required to adopt the production of local investors in the ration card to encourage domestic industry.

Committees fair

The Secretary of the Union of businessmen Mahmoud Mehdi Hassoun pointed out that the production process requires the development of direct loans direction that achieves the economic viability of the country and be there for Jean-fair projects and accompany exercise its supervisory role diligently and implemented in accordance with the orders stomach plan without any interference.

Director General of Agricultural Investments Department Abd al-Jubouri said that the International Projects Center and the Union of businessmen agricultural agenda addressed thoroughly and was standing at the problems and solutions, and this is extremely important, pointing out that the ministry and within the investment plan raises 8.5 million acres to invest in the provinces, and there is a map investment distinctive offering high transparency, and that the ministry is working hard toward not allowing the fragmentation of farmland reclaimed, pointing to the existence of the marshes prepared for the process of investment.

Industrial Strategy

Member economic forum Baghdad Amer Jeweler urged in his speech on industrial production on the need to expand the establishment of industrial zones, especially as the industrial strategy recommended the establishment of major companies in cooperation with international companies, and we have to start with the establishment of a single company to say the least.

The head of the Department Dr. private sector development. Ali Abdul-Zahra said there were no institution working to delay the role of the private sector, but there is a problem in the general situation experienced by the country, pointing out that the industrial sector suffers weak competitiveness.

Continue to Part 2



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