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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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Proven
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    Economist: the decision to close the branches of Iraqi banks in the Kurdistan region "catastrophic"

    Rocky
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    Economist: the decision to close the branches of Iraqi banks in the Kurdistan region "catastrophic" Empty Economist: the decision to close the branches of Iraqi banks in the Kurdistan region "catastrophic"

    Post by Rocky Fri 10 Nov 2017, 6:31 am

    Economist: the decision to close the branches of Iraqi banks in the Kurdistan region "catastrophic"
    SECTION: [You must be registered and logged in to see this link.]NOVEMBER 9, 2017 8:52 PM
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    Economist: the decision to close the branches of Iraqi banks in the Kurdistan region "catastrophic"
     
    Baghdad / Baghdadiya News ... Economist Hammam al-Shamma, on Thursday, that the decision of the Iraqi Central to close the branches of Iraqi banks operating in the Kurdistan region is a disastrous action on Iraqi banks and will return damage to the Iraqi economy as a whole. "This decision is political before it is an economic decision, and the one who took it is not aware of the technical aspects of what this procedure will entail if it is implemented," al-Shamma said in an interview with Baghdadiya News. "The banks will bear the subordination of this decision, they will not be able to collect the amounts of loans and facilities granted in the region and the bank will have to pay the obligations owed to the depositors, otherwise the exchange will collapse because of lack of confidence in credibility." Al-Shammaa called on the parties behind this decision to "review their accounts and comply with what the technicians in the Central Bank decide."
     
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    Economist: the decision to close the branches of Iraqi banks in the Kurdistan region "catastrophic" Empty Lebanese banks in Kurdistan are afraid of Baghdad's decision to close private banks in the region

    Post by Rocky Fri 10 Nov 2017, 6:34 am

    Lebanese banks in Kurdistan are afraid of Baghdad's decision to close private banks in the region



    9/11/2017

    Erbil / Tomorrow Press: A

    source in Lebanon and the Lebanese Diaspora Bank said in Arbil on Thursday, with the fear of the Lebanese business men from escalating tensions between Arbil and Baghdad.

    He Almsdralve asked not to be named for "Tomorrow 's Press," that "Lebanese businessmen are afraid of rising tensions between Baghdad and Erbil," adding that "Bloom Bank has not received notice of closure until the end of time on Thursday, with the fear of increasing tension between the government center and the region. "

    He said the "information indicating that the Central Bank of Iraq issued orders for private banks to close their branches in the Kurdistan region within a week to avoid banning from the sale of the dollar window but did not want anything until the moment about us and did not understand whether we are covered or not that decision."

    He owns Lebanon about ten banks alone in Arbil , and also in Sulaymaniyah and Dohuk, as many of the investors were working projects in Arbil , but declined after 2014.

    They state the Central Bank of Iraq, the face of all banks not to sell the dollar to its branches in the Kurdistan region.

    Showed a document issued by the Central Bank and got "Tomorrow Press" , a copy of that, "according to the Council numbered House resolution 58 12/10/2017 on non - sale of foreign currency to operating in the region or banks that have branches in it, the central bank confirms compliance with this decision. "


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    Diamond
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    Economist: the decision to close the branches of Iraqi banks in the Kurdistan region "catastrophic" Empty Re: Economist: the decision to close the branches of Iraqi banks in the Kurdistan region "catastrophic"

    Post by Diamond Fri 10 Nov 2017, 7:27 am

    Now this is just my opinion, but abadi is stopping the corrupt from moving money an goi can get the corrupt, jmo
    sassy
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    Economist: the decision to close the branches of Iraqi banks in the Kurdistan region "catastrophic" Empty Re: Economist: the decision to close the branches of Iraqi banks in the Kurdistan region "catastrophic"

    Post by sassy Fri 10 Nov 2017, 7:50 am

    Diamond wrote:Now this is just my opinion, but abadi is stopping the corrupt from moving money an goi can get the corrupt, jmo
    Makes sense
    weslin3
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    Economist: the decision to close the branches of Iraqi banks in the Kurdistan region "catastrophic" Empty Re: Economist: the decision to close the branches of Iraqi banks in the Kurdistan region "catastrophic"

    Post by weslin3 Fri 10 Nov 2017, 8:23 am

    Hope they can get this over with so that it doesn't cause a wave of panic..and get the corrupt out SOON!
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    Economist: the decision to close the branches of Iraqi banks in the Kurdistan region "catastrophic" Empty Re: Economist: the decision to close the branches of Iraqi banks in the Kurdistan region "catastrophic"

    Post by Lobo Fri 10 Nov 2017, 9:11 am

    I think it is a way of bringing the Kurds to their knees. Once the Kurds are hamstrung and can't operate internationally, they are totally at the mercy of Baghdad.
    Proven
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    Economist: the decision to close the branches of Iraqi banks in the Kurdistan region "catastrophic" Empty Re: Economist: the decision to close the branches of Iraqi banks in the Kurdistan region "catastrophic"

    Post by Proven Fri 10 Nov 2017, 10:08 am

    Diamond wrote:Now this is just my opinion, but abadi is stopping the corrupt from moving money an goi can get the corrupt, jmo


    Good point.


    Also, less demand for dollars if people can't get them out of the country.  Keep in mind the large amount of ghost employees on the Kurdish payrolls that are being rooted out.  

    Remember, no taxes on people until 1 January.  Could this also mean tariffs (import taxes) at the border at the same time because by then the borders will be secure.  

    Did you notice that we haven't seen any articles on the "delete the zeros" project?

    Will this be a "then suddenly moment?"
    Proven
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    Economist: the decision to close the branches of Iraqi banks in the Kurdistan region "catastrophic" Empty Re: Economist: the decision to close the branches of Iraqi banks in the Kurdistan region "catastrophic"

    Post by Proven Fri 10 Nov 2017, 10:15 am

    The  Kurds were expecting economic reform after the borders were turned over to the federal government.  Take a look:  (Sorry Rocky if you already posted this)

    Barzani: I do not regret the referendum and our relationship with Washington have been significantly affected

    Since 06/11/2017 17:24 am (Baghdad time)

    Follow-up to the balance of News

    He said the Kurdistan Democratic Party leader, Massoud Barzani, on Monday, he does not regret the referendum Balrgb of the consequences that came out as admitted Ptdharr relations with the United States were badly damaged after the spread of the federal forces in the disputed areas.

    Barzani said in an interview with his first interview with the radio station NPR US after a referendum in the Kurdistan Region and published excerpts of which journalist Jean Aref, which conducted a dialogue, "I do not regret the referendum."

    Expectations of what will do Baghdad after the referendum and around, Barzani said: "We expected the closure of the border and the start of economic measures after the referendum, but we did not wait for the start of a military attack on us from Iraq."

    He noted that Russia's position on the measures taken by Baghdad, which was more positive than America. He is stressing that Kurdistan re-establish its relationship with Washington compared to the last position.


    The Barzani refused to extend the deadline for the presidency of the Kurdistan region, which ended at the beginning of this month, and called for the distribution of the validity of his position on the executive, legislative and judicial power.

    is over

    M h n


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    Stevethebrit
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    Economist: the decision to close the branches of Iraqi banks in the Kurdistan region "catastrophic" Empty Re: Economist: the decision to close the branches of Iraqi banks in the Kurdistan region "catastrophic"

    Post by Stevethebrit Fri 10 Nov 2017, 11:04 am

    Proven wrote:
    Diamond wrote:Now this is just my opinion, but abadi is stopping the corrupt from moving money an goi can get the corrupt, jmo


    Good point.


    Also, less demand for dollars if people can't get them out of the country.  Keep in mind the large amount of ghost employees on the Kurdish payrolls that are being rooted out.  

    Remember, no taxes on people until 1 January.  Could this also mean tariffs (import taxes) at the border at the same time because by then the borders will be secure.  

    Did you notice that we haven't seen any articles on the "delete the zeros" project?

    Will this be a "then suddenly moment?"
    Great uplifting comments Proven, lets hope so. Ive gotten a little pessimistic recently with all the talk of possible wars to come preventing what we all wait for. Thank you.
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    Economist: the decision to close the branches of Iraqi banks in the Kurdistan region "catastrophic" Empty Re: Economist: the decision to close the branches of Iraqi banks in the Kurdistan region "catastrophic"

    Post by Proven Fri 10 Nov 2017, 12:30 pm

    Stevethebrit wrote:
    Proven wrote:
    Diamond wrote:Now this is just my opinion, but abadi is stopping the corrupt from moving money an goi can get the corrupt, jmo


    Good point.


    Also, less demand for dollars if people can't get them out of the country.  Keep in mind the large amount of ghost employees on the Kurdish payrolls that are being rooted out.  

    Remember, no taxes on people until 1 January.  Could this also mean tariffs (import taxes) at the border at the same time because by then the borders will be secure.  

    Did you notice that we haven't seen any articles on the "delete the zeros" project?

    Will this be a "then suddenly moment?"
    Great uplifting comments Proven, lets hope so. Ive gotten a little pessimistic recently with all the talk of possible wars to come preventing what we all wait for. Thank you.


    Tariffs are an integral part of economic reform.  The economic development plan requires tariff on imported goods to raise their prices and spur domestic production.  


    She explained that «the new tariffs to be imposed on imported materials to Iraq will be added to those fees on the citizen by trade, making the prices are high in the markets», calling on the government to «put those ports under its control to be able to apply the customs tariff better and achieve the desired goals of law enforcement".


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    The Iraqi federal government has wanted to implement economic reform, but were stopped because of the inability to enforce tariffs in Kurdistan. 


    For its part, revealed a member of the economic and investment commission parliamentary Najiba Najib about the existence of influential politicians in control of the border crossing points, as pointed out that the application of the customs tariff law need to take strong measures to control market prices.


    Najib said that «there is coordination and communication between Baghdad and Erbil to hold a meeting for the application of the customs tariff», adding that «the law would be of great interest to both parties».


    She added, that «the meeting would be of the order and not to the order of another attributed the reason to the law in force and binding and the duty of the application«, stressing that «there are considerable difficulties for the application of the customs tariff».


    She Alynan «Iraq is in control of the border ports where«, stressing that «those ports do not all fall under the control of the federal government».



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     Without border control tariffs could not be enforced.  Things are different now.  

    This "and saw the deputy in the parliamentary finance committee, earlier, that the customs tariff which the government updated it will start from border crossing points, starting from the first of August next revive the Iraqi economy and will increase the purchasing power of citizens" .anthy 29/9 P


    Notice (above) the words: "revive the Iraqi economy"  The delete the zeros project will "increase the purchasing power of citizens" is also integral to economic reform.

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