Economist urges the Government to deal in local currency instead of dollars
[tlm724] Economist urges the Government to deal in local currency instead of dollars. They keep repeating this, the push is on baby !
[tlm724] dinars !
[tlm724] stressing that the advancement of the Iraqi economy is through this step
[tlm724] The local currency needed to important steps strategy for the advancement of their betterment by limiting financial transactions by government.
"The adoption of governmental institutions in financial transactions on the foreign currency, especially the dollar is not desirable and not supporting Iraq economically,
[rsp1] can you say, "getting ready"
[tlm724] yes I can
[tlm724] calling at the same time "the government to abolish the government to deal in dollars and replaced the local currency
[tlm724] abolish the dollar !
[tlm724] the majority of "countries of the world are encouraged trading in the local currency but unfortunately the opposite is happening in Iraq."
[raindrop1] well isn't that special!!!!!
[tlm724] has called for some state institutions to local currency adoption of the US dollar rather than in their dealings to raise its value against the dollar to support the Iraqi economy
[tlm724] to raise its value
[tlm724] to raise its value
[tlm724] to raise its value
[tlm724] raindrop1 Wink why yes it is
[tlm724] get everyone on the dinar works for me
[raindrop1] I think the beginning of 2015 is going to be very special!!!!
[tlm724] tyvm BondLady and Michael ! awesome article
[tlm724] raindrop1 I agree cd
[poopsie] ty very exciting indeed
[tlm724] each day brings us more insight into how they are doing this, step by step ! De-dollarize ! chop chop CBI !
Economists call for the restructuring of state-owned banks to provide performance equivalent to the opening of the Iraqi market
[tlm724] "restructuring of banks in proportion to the global development of the global banks and keep up with economic openness with the countries of the world
[tlm724] "The committee is working on legislation to restructure the banks and government Rafidain and Rasheed to free them from the domination of the Ministry of Finance and imbedded two major banks competitors for local and foreign banks law," adding that "this project will be submitted to the Presidency of the Parliament in the next few days for discussion and voting on it. "
[tlm724] this project will be submitted to the Presidency of the Parliament in the next few days for discussion and voting on it.
[tlm724] to upgrade the Iraqi banking system through the support of the banking sector legislation of laws
[tlm724] stressing "the importance of the Banking Act, legislation to support the banking sector in the country."
[tlm724] He called on the International Monetary Fund and the Central Bank of Iraq to take measures towards the gradual liberalization of foreign exchange offer through auctions held by the Bank so as not to repeat disorders suffered by the financial market in the past year
[tlm724] liberalization of foreign exchange
[tlm724] most important here, this project will be submitted to the Presidency of the Parliament in the next few days for discussion and voting on it.
[tlm724] the International Monetary Fund and the Central Bank of Iraq to take measures towards the gradual liberalization of foreign exchange
[tlm724] this legislation will be the catalyst for change in the banking system as well as the foriegn exchange regime, Iraq is setting the stage to go into article VIII of the IMF
[therealbubbie] gradual liberalization of foreign exchange
[tlm724] therealbubbie thats the best news to date ! this project will be submitted to the Presidency of the Parliament in the next few days for discussion and voting on it.
[tlm724] therealbubbie that was said years ago ! they been doing it imo
[therealbubbie] tlm724 I'll drink to that !!
[tlm724] Banking laws are lining up
[tlm724] therealbubbie me too brother
Economist: no justification for fears of a drop in oil prices
[tlm724] pointing out that the export of 150 000 barrels, as well as 250-300 thousand barrels another issue of Kirkuk oil through Kurdistan would give the general budget of more revenue
[tlm724] that no justification for pessimism due to the descent of oil prices.
[tlm724] that exports Iraqi oil through all export ports in the south and the north through the Turkish port of Ceyhan will achieve $ 76 billion in light of the expected oil prices and this enables the government to run the country to the fullest
[tlm724] this enables the government to run the country to the fullest
[tlm724] *hallelujah* I like the way he thinks
The private sector
[tlm724] there became a glimmer of hope for the private sector to take its share of running the economic file *wolfwhistle* making progress
[tlm724] after a long wait of more than eleven years, where the government program focused on the door in several paragraphs paved the way for the adoption of this done
[tlm724] Abadi supports this trend, that would be building the private sector
[tlm724] We emphasize our call for the private sector to rise to the level of this great responsibility and realize the size of the critical stage Amrabha Iraq, which require concerted efforts in order to achieve successes required to enhance the victories and achievements.
[tlm724] Iraq is surely on their way to greatness ! This whole process will take years of course, you can't just flip a switch but the point is that they are doing it, they are making the necessary moves to grow their economy !
Not affect the salaries of staff
[tlm724] confirmed that the government will not affect employees' salaries or any other belonging to the citizen despite austerity announced by the State and the financial crisis experienced by the country,
[tlm724] or any other belonging to the citizen
[tlm724] good thing !
[tlm724] near the issuing state law set up industrial estates to stimulate the industrial sector of new and which will form the mainstay of the national economy.
[tlm724] they are getting ready to rock and roll, the private and industrial sector are going to boom and it will bring in boatloads of money for them and us as well Wink a growing economy only furthers our cause
Jubouri looking in Amman security and economic development of the two files and parliamentary work
[tlm724] to the need for joint cooperation between the the two countries at all levels
[tlm724] just an FYI they signed a memo of understanding during their meeting, let me show you, this is directly from parliament
On the sidelines of his visit to the Kingdom of Jordan Alhashimah..alris Jubouri "We appreciate Jordan's efforts to embrace their fellow Iraqis and continuous cooperation with us."
November 23, 2014 Met with House Speaker Dr. Salim al-Jubouri, on Sunday, his counterpart President of the Jordanian House of Representatives Atef Tarawneh and his two deputies and several members of the Jordanian Council, and discussed with him the cooperation frameworks between the two houses were also signed a memorandum of understanding between the two presidents.
[tlm724] also signed a memorandum of understanding between the two presidents. Wink