Part 1 - Featuring BGG
(6:00 AM)Check out THE BLOG - http://www.dinarupdates.com/blog/ - for the latest Dinar News, Documents and Call banners
Doug_W says(6:00 AM):
GM Gang
digiman1 says(6:00 AM):
gm gang of 2
Doug_W says(6:01 AM):
yup
digiman1 says(6:01 AM):
any chance you can take chat in an hour?
(6:01 AM)digiman1 changed nickname to DIGIman1.copy!
Doug_W says(6:01 AM):
now if U want
digiman1 says(6:01 AM):
sure ok :)
digiman1 says(6:02 AM):
going out to oshawa this morning with john
Doug_W says(6:02 AM):
thats where they used to make GM Cars N trucks
(6:02 AM)DIGIman1.copy changed nickname to DIGIman1!
digiman1 says(6:02 AM):
they still do
Doug_W says(6:02 AM):
cool
digiman1 says(6:03 AM):
they were doing the camaro not long ago
digiman1 says(6:04 AM):
biab
Doug_W says(6:05 AM):
ok
BGG says(6:28 AM):
GM GM GM!!
Doug_W says(6:29 AM):
GM
BGG says(6:42 AM):
Getting wound up for the day... thanks for being in here Doug
Doug_W says(6:42 AM):
yw
loop says(6:58 AM):
GM
Doug_W says(6:58 AM):
GM Loopster
loop says to Doug_W(6:59 AM):
GM ... Thanks for copying that chat this AM
loop says(6:59 AM):
Masum ratified the Council of the Judiciary Act
Author: AB
Editor: AB
22.01.2017 14:16
Long-Presse / Baghdad
Sadek President Fuad Masum, on Sunday, the Supreme Judicial Council Act.
Information Office of the President of the Republic, said in a statement received (range Press), a copy of which, "The President of the Republic Fuad Masum, honest, today, the Supreme Judicial Council, which was adopted by Parliament in accordance with the provisions of subsection Act (I) of Article (61) and item (iii) Article 73 of the Constitution. "
The statement added that "the law governing the way the composition and terms of reference and rules of functioning of the Supreme Judicial Council."
Doug_W says(6:59 AM):
NP
(7:00 AM)THE OBSERVER - http://www.dinarupdates.com/observer/ - Save as a favorite... for Daily Dinar Commentary, Notices and Call banners!!
loop says(7:00 AM):
The ISX had a good week last week.
loop says(7:01 AM):
Iraq Stock Exchange recorded an increase the value and number of shares during the past week
Author: ASJ, NS
Editor: NS
1.22.2017 12:01
Long-Presse / Baghdad
Iraq Stock Exchange, announced on Sunday, the high number and value of shares traded during the last week compared to per week the previous year, and as pointed out that the number of shares amounted to 49 billion shares, valued at 16 billion dinars, revealed that the number of stalled companies from trading amounted to (16) Company the lack of commitment to provide annual disclosure.
The executive director of the market, Taha Ahmed Abdul Salam said in an interview to the (long-Presse), "The Iraq Stock Exchange systems during the week ending on January 192,017 five trading sessions in the formal market and one session in the second market," noting that "the number of listed companies the market was (97) joint-stock company, of which 70 companies listed in the formal market and 27 companies listed in the second market. "
He said Abdul Salam, that "last week deliberated during the meetings of shares (51) company in the formal market, and (3) companies in the second market," adding, "The number of stalled companies from trading for failing to submit annual disclosure and quarterly Authority and the market was (16 ) company, as the number of stocks listed on the market (9.483) trillion shares, the market value of listed companies in the market amounted to (10.005) trillion dinars. "
He said Abdul Salam, that the "number of shares traded last week amounted to 49 billion shares in exchange for 22 billion shares for the week before, while the value of shares traded last week (16) billion dinars, compared to 13 billion dinars to the week before," pointing out that "the number of transactions executed last week confirmed Abdulsalam it was (3071) deal in return (3786) deal of the week before, and the market closed ISX index of 60 in the last session of last week b (707.11 points)."
In the same context, Abdel-Salam, said: "There is a rise in the number of shares traded last week by (129.85%) compared to per week, which was accepted, while there was a rise in the total value of shares traded last week by (154.78%) compared to per week, which was accepted."
The Iraq Stock Exchange recorded, on Wednesday (7 December 2016), variation in the indicators since the end of December 2015 to November 2016 end, and while confirming that the change included the companies listed and traded companies, showed an increase in the number of shares bought non-Iraqis in It decreased trading value of purchased non-Iraqis.
loop says(7:01 AM):
"There is a rise in the number of shares traded last week by (129.85%) compared to per week, which was accepted, while there was a rise in the total value of shares traded last week by (154.78%) compared to per week, which was accepted."
loop says(7:02 AM):
Week over Week increase in trade volume by 129.85%
loop says(7:03 AM):
Week over week increase in share value 154.78%
loop says(7:04 AM):
I want some od that action. WOW. Wonder what sparked the sudden activity?
loop says(7:04 AM):
I want some of that action.*
loop says(7:06 AM):
Acts of the national team for establishing the Social Fund for Development in Iraq with support from the World Bank to determine the scope of work of the Fund
Banks
Economy News / Baghdad ...
Launched today at the Al-Rasheed Hotel in Baghdad, works of the national team to a fund for social development, development in Iraq in the presence of Mahdi Keywords Secretary General of the Council of Ministers and the support from the World Bank and the membership of the private sector represented by the Iraqi private banks association government and the presence of the Ministry of Planning and the Ministry of Labour and Social Affairs.
Where the World Bank will help to develop and set up the fund at the request of the Iraqi government for the purpose of supporting local initiatives and reduce the poverty rate.
He said Mahdi Keywords in his speech that this Fund This fund aims to support efforts to improve living conditions and opportunities for the poor and vulnerable groups in Iraq, local initiatives. In addition to providing employment opportunities through training programs and programs for lending to small and medium enterprises.
He also noted Keywords to success ful Baghdad Initiative, which ended the designs for the rehabilitation of 20 Square funded by private banks under the patronage of the Central Bank of Iraq, one of the first initiatives of its committees are formed, headed by representatives from the private sector, where he heads the committee Goodwill Ambassador Professor Naseer Shamma .
In a statement to "the economy of News" Mr. Wadih Handal said on the sidelines of the meeting, the ambition of the private sector to be involved in this project are impressive addition to the involvement of civil society organizations sober and started working for a long time on the ground and reached the target groups by this fund.
loop says(7:09 AM):
Remember last year when they were going to issue international bonds and because of their credit rating and the high interest that they were going to have to give to intice buyer they decided not to proceed?
loop says(7:09 AM):
Finance issued government bonds secured one billion dollars
Business & Finance
Economy News / Baghdad ...
The Ministry of Finance, Sunday, for the issuance of secured government bonds billion dollars, noting that the duration of the bond will be 5 years at an interest rate of 2.1% per annum.
The ministry said in a statement that "the economy News" received a copy of it, "it issued a foreign government bonds guaranteed by the US government of one billion dollars," noting that it "has made great efforts during the month of December last and the beginning of this month to issue these bonds through meet All requirements of the crisis for the completion of this process, which had been successful in the end. "
The ministry added that "the duration of the bond will be five years and an interest rate of 2.1% per annum," indicating that "this money will be used to finance the budget deficit, based on the General Budget Act, which authorized the Minister of Finance to issue those bonds."
The ministry confirmed that "foreign banks praised the interest rate achieved by the Ministry of Finance for these bonds compared to similar cases to other countries, the issue is guaranteed by the United States government bonds."
Iraq has signed, on the fifth of December, the current with America's sovereign loan guarantee one billion dollars for compliance with the fundamental obligations to the Iraqi people.
loop says(7:10 AM):
Sunday, for the issuance of secured government bonds billion dollars, noting that the duration of the bond will be 5 years at an interest rate of 2.1% per annum.
(7:10 AM)george was kicked out by george!
loop says(7:10 AM):
"it issued a foreign government bonds guaranteed by the US government of one billion dollars," noting that it "has made great efforts during the month of December last and the beginning of this month to issue these bonds through meet All requirements of the crisis for the completion of this process, which had been successful in the end. "
loop says(7:10 AM):
it issued a foreign government bonds
loop says(7:11 AM):
issued
loop says(7:11 AM):
"foreign banks praised the interest rate achieved by the Ministry of Finance for these bonds compared to similar cases to other countries, the issue is guaranteed by the United States government bonds."
loop says(7:21 AM):
Are you reading this?? The EU BONDS ARE READY (ISSUED) AND THE FORIEGN BANK PRAISED THE INTEREST RATE ACHIEVED! So what's changed from last year? As evidenced by the shear number of MoUs and other agreements Iraq has made with countless countries. THE WORLD LIKES THE ACTIONS THE IRAQ HAS TAKEN TO CORRECT THEIR ECONOMIC COURSE AND THEY ARE SEEING THE POTENTIAL TO MAKE LOTS AND LOTS OF MONEY. AND THE SPEED AT WHICH THESE BONDS CAME OUT IS AMAZING!
loop says(7:22 AM):
Keywords: banks face significant challenges Ttalq economic and security conditions for the country
Banks
Economy News / Baghdad ...
The governor of the Iraqi Central Bank on the Keywords, the private banks face significant challenges related to economic and security conditions experienced by the country.
According Keywords in a statement the "Economy News" that the basis of the work of banks is credit and lending because of bad debt accumulation and failure to pay the amounts of borrowing by the borrowers as it reached the debt to 30% and this is unacceptable and when banks demanding their rights intervention of tribal and security problems.
He added that there is another problem which is the payment of contractors deficit, as well as the use of the Kurdistan Region 7 trillion to private banks without returning them. He pointed out that the central bank and the banks were able to exceed a lot of problems.
In response to the question: for obstructed some of the banks in repayment of deposits, answered the governor he can not Anqays banks the size in terms of number of banks operating in Iraq amounted to about 60 bank and the size of obstructed banks that do not exceed the number two, how can we measure 2 of 60 bank if the media should be fair toward the financial sector and not to be dragged behind some of the statements.
loop says(7:24 AM):
I really liked the last parargraph.
loop says(7:24 AM):
In response to the question: for obstructed some of the banks in repayment of deposits, answered the governor he can not Anqays banks the size in terms of number of banks operating in Iraq amounted to about 60 bank and the size of obstructed banks that do not exceed the number two, how can we measure 2 of 60 bank if the media should be fair toward the financial sector and not to be dragged behind some of the statements.
BGG says to loop(7:26 AM):
(y) - Huge news!!
loop says(7:26 AM):
Alak is chastizing the media for not fairly reporting the issue where banks were not letting people get their deposited funds out of the banks.
loop says(7:27 AM):
The CBI's current findings is that only 2 banks out of 60 have been found to be currently doing this!
loop says(7:30 AM):
Parliamentary customs demanding linking banks: If the value of goods $ 1,000 becomes $ 50
Banks
Economy News / Baghdad ...
Asked Deputy High Nassif, on Sunday, the central bank linking customs, banks, to know the true value of imported goods, noting that the customs assess goods Bosaroql premium fact, as it called for increased import license to one year instead of six months.
Nassif said, in a statement, "Economy News" received a copy of it, that "the actions taken recently the central bank to change the method of selling the dollar, which will contribute to the organization to sell it to cover imports of the private sector properly process," pointing out that "it is certain that it will prove its success through the next period, but it is necessary to follow procedure for pricing and customs, in the period of validity import license. "
She added that "with regard to customs, for example, if imported dealer material worth a thousand dollars central bank will demand this trader remarks thousand dollars after three months, according to the new regulations," afterthought, that "what is happening now is that the real value of the goods if the thousand dollars are customs assesses hundred dollars or fifty dollars. "
She pointed out that "to be dealt with this matter by linking customs, banks that transfer for the purpose of knowing the true value of imported goods," adding that "what is the duration of the import license Fmdtha 3 months, which is not enough, because the trader takes time to go to complete the leave then offered of the bank and the people and transfer of goods manufactured and shipped, and therefore you must be a period of leave a year. "
Nassif called a "new issue instructions in this regard to complement the good of the actions taken by the Central Bank and to serve the Iraqi economy."
(7:33 AM)george was kicked out by george!
loop says(7:34 AM):
Nassif has come out and said that they found and issue with miss reporting of custom duties. The example she uses is that imports valued at $1000.00 are only being reported as has a value of $100.00 or even $50.00.
Doug_W says(7:34 AM):
more corruption
loop says(7:37 AM):
When they are changing this by linking the banks purchases (Letters of Credit) with the imported goods. So when a merchant goes to the bank and gets a letter of credit to purchase goods from a foreign vendor that amount of that transaction will be known and the correct custom duties can be charged.
loop says to Doug_W(7:39 AM):
True, but their solution is brilliant .... IMO
larrykn says(7:39 AM):
yes checks an counter checks very good idea
larrykn says(7:40 AM):
GM everyone :)
loop says(7:41 AM):
It is no longer some abitrary figure charge at the border by someone who is going to take their piece of the action. LOVE IT
Doug_W says(7:42 AM):
Larry
larrykn says(7:42 AM):
hey bud hows it going :)
Doug_W says(7:42 AM):
good
Doug_W says(7:43 AM):
u?
jeffjane says to loop(7:43 AM):
GM - Do you think the process is in place already?
larrykn says(7:43 AM):
doing good , lots of rain coming today :)
Doug_W says(7:43 AM):
here too mod risk of severe this evening
larrykn says(7:44 AM):
they are saying we are on line for record rainfall this year, that would be nice
Doug_W says(7:44 AM):
4 sure
loop says(7:50 AM):
Iraqi Center for Development and Media evaluates a seminar to discuss the economic reality of Iraq
Business & Finance
Economy News / Baghdad ...
Iraqi Center for Development and Media held a symposium monthly to discuss the economic reality in Iraq, in the presence of Governor of the Central Bank of Iraq, Dr. Ali Keywords and head of the Sunni Endowment, Sheikh Abdul Latif Alhmam and the presence of Mr. Executive Director of the Association of Banks Ali Tariq and Mr. Ahmed al-Hashemi, a professor Laos Tariq and a group of academics and political analysts.
The governor of the central bank on the Keywords During the seminar, which was attended by "Economy News" that the issue of cash reserves and the impact of some of the statements and analysis is wrong produces confusion and create a kind of confusion in the market, which had a negative impact on the work of the financial sector in Iraq.
Added Keywords, that the function of direct control over the exchange rate the bank and therefore if the central bank did not cover the demand for the currency foreign, there will be serious consequences and will lead to a rise in foreign currency rates and the collapse of the local currency existence of a window sell the currency led to control of the market.
He continued Keywords, that some people thought it would lower the reserve is an economic disaster, but the direct impact on the decline in reserves was caused by the deficit in the federal budget and therefore any budget deficit directly affects the size of the cash reserve.
He noted that the calculated Ctaaiti accurately with the World Bank being accurate references with the Iraqi Central Bank on the reserve and that this decline does not directly affect the economic situation, noting that what happened in the general budget and the deficit, which amounted to 24 trillion Dnyar impacted on the reserve if scheduled after discussions with the World Bank that the Central Bank of Iraq with funding the deficit by 7 trillion and the rest is funded by the proportion of revenues but revenues did not exceed 4 trillion and thus was supposed to be the central bank to finance the remaining deficit, but rising oil prices benefited the budget and therefore no need for to the Central Bank
He noted that the most important job of the central bank is to maintain dollar prices through control of exchange rates, and that is by selling the currency window, indicating that the process strengthen it reserves rely on imports that come from the Ministry of Finance, which amounts to nearly 90% received in foreign currency and the rest of the the local currency where the ministry takes a fraction of the needs of foreign currency and the remainder will be transferred to the Central Bank and that it contributes to the increase in the cash reserve of the country.
For his part, head of the Sunni Endowment Abdul Latif Alhmam occur, the displaced and the numbers that were expected to file be because he confirmed that the rate of displacement since the beginning of the liberalization process in the province of Nineveh were not at high rates as the United Nations forecast as it expects that more than one million citizens but figures that we are 290 000 families, and we and the Iraqi government is fully in control on this file through food aid in kind and the problem that we face today are ubiquitous within families revive the city of Mosul and the use of terrorists Aldoaash citizens as human shields provide.
He Alhmam, that the religious discourse when isms loss of vision and still in dire straits and the one that should be corrected this speech to save future generations.
At the intervention of Dr. appearance of Mohammed Saleh, said that fiscal revenue is rentier any oil is virtually zero ie it does not exceed 5% and this is defective, so the government should improve the financial performance of the state by maximizing the non-revenue oil to serve the general interest of the country.
loop says(7:52 AM):
but rising oil prices benefited the budget and therefore no need for to the Central Bank
loop says(7:54 AM):
This is in reference to the CBI needing the cover the defecit with it's reserves.
loop says(7:54 AM):
geesh.. deficit
loop says(7:55 AM):
the World Bank that the Central Bank of Iraq with funding the deficit by 7 trillion and the rest is funded by the proportion of revenues but revenues did not exceed 4 trillion and thus was supposed to be the central bank to finance the remaining deficit, but rising oil prices benefited the budget and therefore no need for to the Central Bank
loop says(7:57 AM):
He noted that the most important job of the central bank is to maintain dollar prices through control of exchange rates, and that is by selling the currency window, indicating that the process strengthen it reserves rely on imports that come from the Ministry of Finance, which amounts to nearly 90% received in foreign currency and the rest of the the local currency where the ministry takes a fraction of the needs of foreign currency and the remainder will be transferred to the Central Bank and that it contributes to the increase in the cash reserve of the country.
loop says(7:57 AM):
the ministry takes a fraction of the needs of foreign currency and the remainder will be transferred to the Central Bank and that it contributes to the increase in the cash reserve of the country.
loop says(7:57 AM):
that it contributes to the increase in the cash reserve of the country.
loop says(7:58 AM):
Media Economic Forum kicks off next Thursday
Banks
Economy News / Baghdad ...
Good initiative of the Iraqi private banks association held next Thursday, the twenty-sixth of January in Baghdad, the first economic forum media in the presence of eminent professors in the field of media, economy and technology media communication in Egypt and Lebanon in addition to Iraq.
The importance of this meeting lies in being the first of its kind on the level of Iraq, but it comes at a time of greatest need Mancon in which to inform an economic specialist immature aware of its important role and Almuther in detecting reservoirs structural imbalance suffered by the Iraqi economy in general and appointed governmental bodies on the diagnosis and highlight it and propose effective solutions for processing and cross the Financial experienced by our country, the crisis now because of lower global oil prices with minimal losses.
In this sense we hope that the participants in this site and all Almtsidin in the field of economic media to contribute to both its location and its means to the success of this event and achieve its objectives in accordance with the Mahaoraltalih:
First - An emphasis on Doralaalam in achieving the desired development through the media informed, serious and impartial puts his fingers on the economic problems, and contributes along with the government and the private sector in addressing them.
Second - Turkazaaly private Doralqtaa in achieving sustainable economic development, and steps that would carry the sector played a pivotal role in strengthening the national economy of Iraq and the removal of obstacles to this goal, and to develop plans for joint cooperation and firmly between him and the public sector.
Third - Emphasis on Doralaalam in the face of the challenges of the Iraqi economy at present and in the future, because of its reliance on oil as a key resource and only for currencies that are hard for, and to take immediate steps to open up new development outlets (agricultural and industrial service tourist) will revive the Iraqi economy and to find new sources of currencies and difficult to leave the stage Iraqi economy is unilateral.
Fourth - Turkazaaly Doralaalam on development and implementation of short-medium and long-term plans to eliminate five pests that threaten the Iraqi society (Fiqroualemrd, ignorance, corruption and unemployment).
Fifth - Plans to recruit Iraqi media on different forms and manifestations in the fight against the phenomenon of squandering public funds and mismanagement, failure to employ them in real projects of public benefit to the community, and draw the attention of public opinion and the government to kinks in this area and work to be treated seriously.
Sixth - Including that of human resources a priority in any media planning, the fact that the recipients (readers Ahomchahdan Aomstmaan) are the targeted end-beneficiaries last couple of different forms of development, it is the duty of the media workers Economic particularly the deployment of economic awareness among the society, even bottom out .
loop says(7:59 AM):
Fourth - Turkazaaly Doralaalam on development and implementation of short-medium and long-term plans to eliminate five pests that threaten the Iraqi society (Fiqroualemrd, ignorance, corruption and unemployment).
(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!!)
(8:01 AM)dreamway was kicked out by dreamway!
(8:14 AM)Okie Dinar changed nickname to .OkieDinar!
loop says(8:16 AM):
Integrity relive 1.5 billion dinars had been stolen from a government bank
one hour ago
Twilight News / Integrity Commission announced on Sunday, for the recovery of more than 1.5 billion dinars to the state treasury was stolen from a government bank through the liberalization of instruments without balance.
The authority said in a statement seen by Twilight News, he said that "affiliate Investigation Department conducted the investigation into the theft of $ (1,520,000,000) billion dinars from the Rafidain Bank branch brotherhood with the complicity of his staff, resulted in the recovery of the full amount to the state treasury."
She explained that the "accused of theft called (V.h.s) returned the stolen amount to the state treasury by editing counted the amount entitled to the Supreme Judicial Council presidency resume Rusafa court."
The agency said that "the accused mentioned edited the instruments without the balance of the oldest on the disbursement of facilitating collusion with a number of bank employees, and I am still in the process of investigative procedures in effect accomplices employees."
(8:23 AM)*.MOD.magnetlady.copy changed nickname to *.MOD.magnetlady!
magnetlady says(8:23 AM):
MOrning Doug
magnetlady says(8:23 AM):
Morning Looop
magnetlady says(8:23 AM):
Hey Larry
magnetlady says(8:25 AM):
Morning Okie
magnetlady says(8:26 AM):
OK Got to feed cats and then finish getting ready for church. See everyone laters.
Okie Dinar says to magnetlady(8:26 AM):
Good Morning Mags!! (F)
Okie Dinar says to magnetlady(8:26 AM):
Enjoy!
Okie Dinar says(8:26 AM):
Good morning DU :)
loop says to magnetlady(8:28 AM):
GM Mags(F)
magnetlady says(8:28 AM):
morning loop
loop says to Okie Dinar(8:28 AM):
GM (F)
seadreamer says to Okie Dinar(8:29 AM):
I tried several times to click on the link to join facebook and it wont take me to it. any ideas as to why?
Okie Dinar says to seadreamer(8:29 AM):
HMM have you gone to the search bar on facebook and just tried searching for Dinar Updates?
seadreamer says to Okie Dinar(8:30 AM):
yes but it looks more like dinar detectives sight
Okie Dinar says to loop(8:30 AM):
Good Morning Loop!! (F)
Doug_W says(8:31 AM):
OAKIE
Doug_W says(8:31 AM):
MAGGS
Okie Dinar says to seadreamer(8:31 AM):
It will say Dinar Updates - you will have to send a request to join - someone will add you in... here let me grab a new link and see if that works.
magnetlady says(8:31 AM):
Hey Dout
Okie Dinar says to Doug_W(8:31 AM):
Hey Doug!
seadreamer says to Okie Dinar(8:32 AM):
thanks
magnetlady says(8:32 AM):
oops not hitting on the right keys this morning.
Doug_W says(8:32 AM):
np MAGGS
(8:32 AM)mike1422 was kicked out by mike1422!
magnetlady says(8:32 AM):
OK see everyone after church.
loop says(8:32 AM):
Parliamentary Economy: near a vote on the Agencies Law
1/22/2017 0:00
BAGHDAD / Shaima Rashid
revealed a member of the economic and investment commission in Parliament, Nora Albjara, the presence of two laws in voting for approval in the coming period and are legally statistics and commercial agencies.
The Albjara in a statement »Sabah», that « the amendment Second will be the Commercial Agencies Law before voting on it soon, featuring some of the paragraphs that the private sector will be given a great opportunity, by allowing the Iraqi dealer that is an agent exclusively without agency clause from the exporting country», weighted «pass census law was delayed because of a political bush by her own, as well as other problems with the law , including the return of displaced persons and other disputed territories».
Okie Dinar says to magnetlady(8:32 AM):
Bye!
Continue to Part 2
