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Neno's Place Established in 2006 as a Community of Reality


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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

Many Topics Including The Oldest Dinar Community. Copyright © 2006-2020


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    Member of the parliamentary economic: the situation of the country is not conducive to the deletion

    Rocky
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    Post by Rocky Thu 05 May 2016, 4:08 am

    First topic message reminder :

    Member of the parliamentary economic: the situation of the country is not conducive to the deletion of zeros from currency

    [/rtl]
    [rtl]History of edits:: 5.5.2016 10:38 • 357 visits readable[/rtl]
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    {Baghdad} Euphrates News Member of the Committee on Economy and Investment parliamentary Najiba Najib, explained that the security and political situation in the country does not help to make a decision to delete the zeros from the currency.
    She said Najib told {Euphrates News} " The project to delete the zeros still exists, in terms of the study and details," afterthought "but implementation delayed because of the security situation is stable." 
    She added that " the political situation experienced by the country , which does not help for the success of the project," noting that " the lack of political and security stability in the country postponed the project to delete the zeros." 
    the Governor of the Central Bank and the agency on the Keywords, said a former time, that " the project to delete the zeros will be implemented in early 2017, noting that the bank" began to develop the first project steps. " 
    he explained " the purpose of deleting three zeros from the Iraqi currency is to support the Iraqi dinar and make it a competitor of foreign currencies." it is 
    noteworthy that, the American site "howmuch.net", class last Saturday, the Iraqi dinar was ranked 20 among the strongest Arab currencies against the dollar, according to the published by the site from the list of the order of Arab currency exchange rate of the strongest to Alodaf.anthy 1


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    Post by Neno Thu 05 May 2016, 8:18 pm

    Lol, working to much to pay attention but do hear about it.
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    Post by jbigg Fri 06 May 2016, 12:09 am

    I'm thinking that if they wait until 2017 MAYBE we can get a better exchange and tax rate under a new president....
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    Post by ahill Fri 06 May 2016, 3:38 am

    Ohhhhhhh ...... tick tock!     tick tock!     tick tock!

    ----- Not  2017!

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    Post by Neno Fri 06 May 2016, 3:59 am

    jbigg wrote:I'm thinking that if they wait until 2017 MAYBE we can get a better exchange and tax rate under a new president....
    Hum...yeah but get ready for a turn around on interest as the country has got to make money.
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    Post by weslin3 Fri 06 May 2016, 9:32 am

    Wonder how the Iraqi people will react to this going on until 2017?? Better barricade the Green Zone!!! Here they come again!! surprise
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    Post by dennisalexander1 Fri 06 May 2016, 11:24 am

    Why everybody is so surprised....since I got into this(2008) it is the same story....beginning of the whatever year.. first half of the year  and  then again the  beginning of the following year.. ..

    In Jan 2017 I would not be surprised to see the first half of 2017....
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    Post by wciappetta Fri 06 May 2016, 12:13 pm

    Look all they're saying is once we seat the  new gov, rebudget and handle Mosul we roll out the new  currency, the  new budget is part of the IMF SBA so it is already being dealt with but we would need the new gov seated to get the budget through Parliament so they go together and all items mentioned are currently being dealt with right now. The mention of the 2017 is based on what the CBI gov said a while ago, however the IMF is in control not mushy moshen ...he's not calling the shot on this one. Najib is simply laying out the prerequisites and currently they're all in process.... she didn't mention 2017, that was done by the author of the report and thus his conclusion alone...


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    Post by Neno Fri 06 May 2016, 6:06 pm

    wciappetta wrote:Look all they're saying is once we seat the  new gov, rebudget and handle Mosul we roll out the new  currency, the  new budget is part of the IMF SBA so it is already being dealt with but we would need the new gov seated to get the budget through Parliament so they go together and all items mentioned are currently being dealt with right now. The mention of the 2017 is based on what the CBI gov said a while ago, however the IMF is in control not mushy moshen ...he's not calling the shot on this one. Najib is simply laying out the prerequisites and currently they're all in process.... she didn't mention 2017, that was done by the author of the report and thus his conclusion alone...
    New Government seated means the Reforms I do believe and if I have read right, the 3 VP's (Maliki, Awaii?? and K???) have been removed and that is the uproar between their own individual sec powers.
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    Post by wciappetta Sat 07 May 2016, 7:19 am

    Well they've already dealt with half of them..., yes those guys are gone...push back was expected but in the end the new qualified ministers will benefit the people. Then comes the new budget which is going to require the shrinking of the size of Parliament either in seats or salary, perhaps both, but that was in process already. Yet the IMF will remain in control of the purse strings until this revalue is completed, they let them off the hook once in 2013, that's not going to happen again. You can see the fall of oil price as an effort to regain control of the financial ship. The article below says it all:

    Iraq to set oil price at $32 in 2016 budget



    BAGHDAD,

     
    Iraq plans to lower the oil price forecast in its 2016 budget to about $32 a barrel from $45, widening its fiscal deficit by several billion dollars, the International Monetary Fund (IMF) and a senior government official told Reuters.

    The new price estimate is based on the continued low level of global oil prices in recent months, said Marwa al-Nasaa, Amman-based IMF resident representative for Iraq.

    "We're setting it closer to $30 based on the climate of international futures prices since November," she told Reuters on Thursday.

    The adjustment is expected to add about $6 billion to the OPEC producer's budget deficit unless offsetting measures are taken, said the Iraqi official, who requested anonymity to speak about ongoing government deliberations.

    Iraq's current budget, which projects oil exports of 3.6 million barrels per day, predicts a deficit of 24 trillion Iraqi dinars ($20.56 billion).

    The drop in oil prices over the past two years has battered Baghdad's finances as it wages a battle against Islamic State militants in the north and west and confronts a political crisis that threatens to bring down the government.

    Iraq, which relies on oil for more than 90 percent of its revenue and sells at a discount to global benchmark crudes, earned an average of $24 a barrel in the first two months of the year and $28 in March, the Iraqi official said late on Wednesday. "We have to rebuild the budget taking this into consideration."

    The revised budget, which has not been finalised, is part of Iraq's negotiations for a standby agreement (SBA) with the IMF, the official added. The SBA financing could be approved as early as June, unlocking $15 billion in international assistance over the next three years.

    "If an SBA is reached, part of that financing gap will be met by IMF and other donor financing, but it will not close the entire gap," Nasaa said.

    "A number of measures are going to have to come from the government itself to increase revenues and bring expenditure in line with the new revenue reality. It has to be a combination of both."

    The Iraqi official declined to specify what measures Baghdad would take to reduce the deficit, but said: "It is a must, otherwise we will have to borrow more and more." – Reuters
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    [You must be registered and logged in to see this link.]In the beginning was the Word, and the Word was with God, and the Word was God.... For from His fullness, we have all received and grace upon grace. For the Law was given through Moses; grace and truth came through Jesus Christ. No one has ever yet seen God. The only begotten God, the One being in the bosom of the Father, He has made Him known. - Berean Literal Bible
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    Post by weslin3 Sat 07 May 2016, 7:26 am

    :thumbs:Good article wciappetta!
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