Mountain Goat
I can hardly believe all that I am seeing happening with these Iraqi economic and financial reforms. It is all so amazing and I fully believe Iraq is now on a FAST TRACK.
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1bobby
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1bobby
Article:
“Rafidain Bank, said Saturday that his predecessor granted 10 million dinars for State officials to have smart card activated receives her monthly salary.”
These are the cards that will reduce the note count and add liquidity to the banks. Remember the 3 Ministries that agreed to have ALL employees salaries issued thru this card? Also the Rubber Industry agreed to the same with their employees (19,000 or so) This “10 million” advance was aimed at the :shortcomings” of the salaries due to the economic crisis. Employees that sign up, thru the smart card, will be eligible for these advances. Just inner workings that have been going on for awhile now. They had to get the Ministries approval and get their ducks in a row before proceeding with this program. Bottom line is...reducing note count, adding liquidity to the banks.
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Frank26
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Frank26
[If the CBI website (arabic side ) is still not showing a rate, how long can that continue? I am wondering what requirements, if any, there are for reporting the exchange rates at a given interval?]
Yes… It's called an RV…
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loop
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loop
Article:
“Iraq Stock Exchange recorded an increase the value and number of shares during the past week”
Quote:
"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 ISX had a good week last week. Week over Week increase in trade volume by 129.85%...Week over week increase in share value 154.78%. WOW. Wonder what sparked the sudden activity?
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Bluwolf
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Bluwolf
All things pending that pertain to what me and you have been waiting for are now in fast track believe it or not.
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loop
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loop
Article:
“Finance issued government bonds secured one billion dollars”
Quote:
"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."
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!
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Backdoc
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Backdoc
THE MR (monetary reform) FOR IRAQ IS NOW A THING OF THE PAST SINCE THEY HAVE DONE EVERYTHING THE IMF HAS ASKED OF THEM. EVEN IRAQ SITS QUIETLY IN THE GLOBAL ROOM, AWAITING A SECOND REVIEW OF THEIR STATUS WITH THE IMF IN MARCH! IRAQ WENT FROM HAVING PREVIOUS BUDGETS IN DOLLARS TO NOW HAVING A BUDGET IN DINARS, YIPPIE! EVIDENCE CLEARLY INDICATES THEY ARE TRULY INTERNATIONAL. THE RECENT INTERNATIONAL SALES OF EURO BONDS ADD TO THIS FACT. WE KNOW THAT ONCE THEY ADMIT THEIR EXCHANGE RATE IT MUST BE AT LEAST 1 TO 1 TO BE IN COMPLIANCE WITH THE PARIS CLUB AGREEMENT. THEY COULD COME OUT WITH A MANAGED FLOAT, OR THEY COULD COME OUT WITH A FREE FLOAT AND EVENTUALLY LOCK IN A MANAGED FLOAT.
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loop
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loop
Article:
“International Monetary showing satisfaction of Iraq's efforts to meet the credit requirements of the program”
Quote:
"…satisfaction with the efforts made by the Ministry of Finance and the Central Bank of Iraq and other ministries in the area to meet the requirements of the program," adding "it is going according to timings marked in the program,"
according to the statement...it is going according to timings marked in the program...The IMF is satisfied with the progress of the SBA! BOOM.
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BGG
BGG
…When there is a value change - we will know. The value of the Dinar was spoken to directly by the Gov of the CBI several times in the few days. Going down is not what he said.
…we are really close... they are handling financial, economic and currency reform items every day. The news about the Commercial Agencies Law being voted on shortly is HUGE. Big companies won't go to Iraq if they have to hand their business over to an Iraqi. We should be very encouraged. The factual info is plenty encouraging.
Iraqi Dinar Revaluation and Global Currency Reset News | Dinar Chronicles
Courtesy of Dinar Guru
Iraqi Dinar Revaluation and Global Currency Reset News | Dinar Chronicles
Courtesy of Dinar Guru