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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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Neno
Proven
6 posters

    The central bank is considering taking important measures to promote development and job creation

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    • Post n°1

    The central bank is considering taking important measures to promote development and job creation Empty The central bank is considering taking important measures to promote development and job creation

    Post by Proven Wed 21 Jan 2015, 2:26 pm

    The central bank is considering taking important measures to promote development and job creation

    By Adminsa 01.21.2015 11:22

    Brother - Baghdad
    Central Bank of Iraq, announced Wednesday he was considering initiatives and actions to promote job development and job creation.
    The bank said in a statement received for News Agency (et), a copy of which he was "studying the initiatives and measures to promote job development and job creation."
    The bank added that "the initiative is in line with the law and in the light of the financial challenges facing the country now."
    The Governor of the Central Bank of Iraq on the Keywords, had confirmed earlier this week that the central bank's reserves of hard currency covers currency and a half times and is among the best cash reserves in the world.

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    • Post n°2

    The central bank is considering taking important measures to promote development and job creation Empty Re: The central bank is considering taking important measures to promote development and job creation

    Post by Neno Wed 21 Jan 2015, 3:01 pm

    Yeah he did, now what figures is he stating when again, after VII was lifted the economic ministry said the reserves (76 billion) would cover 2.50:1 at that time alone. So again what is this proxy cbi governor meaning.

    This almost as bad as Hanna (Adam) Montana calling for a RV this weekend I've been told... Lol
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    Pinoy10
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    • Post n°3

    The central bank is considering taking important measures to promote development and job creation Empty Re: The central bank is considering taking important measures to promote development and job creation

    Post by Pinoy10 Wed 21 Jan 2015, 3:16 pm

    I am hoping...wishing... Montana would be right on in his guessing this time, just to be done with this....lol..
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    • Post n°4

    The central bank is considering taking important measures to promote development and job creation Empty Re: The central bank is considering taking important measures to promote development and job creation

    Post by Proven Wed 21 Jan 2015, 3:55 pm

    studying the initiatives and measures to promote job development and job creation."
    The bank added that "the initiative is in line with the law and in the light of the financial challenges facing the country now."

    The financial challenges is the budget deficit.  The solution is economic development.  Economic development will start with the imposition of tariffs.  The tariffs will not create jobs directly, but will raise the price of goods to attract investors to produce locally.  Local production will create jobs.  

    Interesting that they express their strength of reserves in this article in light of the budget deficit.  
    The CBI has been under pressure to use the reserves for the budget deficit.  They have stated on numerous times that this is against the law.  The CBI have stated that they would support the sale of short term bonds from the government, and increased bank lending.  

    Why so vague?  Could be in reference to the exchange rate. We know from a previous article that tariffs will lead to an increase in the exchange rate.  Tariffs will be implemented with the budget.  Could come out with a rate increase to offset the effects of tariffs.  Just speculating...  
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    mochasmom
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    • Post n°5

    The central bank is considering taking important measures to promote development and job creation Empty Re: The central bank is considering taking important measures to promote development and job creation

    Post by mochasmom Wed 21 Jan 2015, 5:43 pm

    Where's that emergency meeting they were supposed to have, today was real quiet
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    • Post n°6

    The central bank is considering taking important measures to promote development and job creation Empty Re: The central bank is considering taking important measures to promote development and job creation

    Post by Proven Wed 21 Jan 2015, 6:17 pm


    Promote development
    1/22/2015 0:00
    BAGHDAD Mustafa al-Hashemi,
    at a time when the country began preparations to face the economic challenges, confirmed the government agencies, including the Central Bank of Iraq readiness to take measures that will improve the economic reality.
    A source at the central bank's "morning" that the bank is considering initiatives and measures mission to promote the development and availability employment opportunities in line with the law and in the light of the financial challenges.
    Iraq faces represented a decline in world oil prices, financial challenges as well as the field challenges Kaaduan "Daash" and administrative corruption, unemployment and others.
    He said the central bank's role in Iraq is important economy, where he was considering inflation indicators and maintains the stability of the price Currency Exchange, adding that the bank's shares a lot in raising the value of the dinar and modify its exchange rate to foreign currency and access to good rates, especially after that contributed to reducing the rate of inflation, which was present from the two places to rank one decimal place.
    The central bank uses the tools direct and indirect of monetary policy tools to maintain stability in the market.

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    • Post n°7

    The central bank is considering taking important measures to promote development and job creation Empty Re: The central bank is considering taking important measures to promote development and job creation

    Post by mochasmom Wed 21 Jan 2015, 6:42 pm

    Thanks Proven
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    • Post n°8

    The central bank is considering taking important measures to promote development and job creation Empty Re: The central bank is considering taking important measures to promote development and job creation

    Post by Proven Wed 21 Jan 2015, 8:51 pm

    Central Bank of ending the draft law and is preparing to participate in the development
    January 21st, 2015
    Parliamentary committee: two projects working on "Edit investment"
    BAGHDAD - promised Shammari:
    Committee announced its economy and investment representative, on Wednesday, for the end of the drafting of "preliminary draft" of the legal new Central Bank and the modification of private banks No. (94) for the year 2004, pointing out that these two projects will work with the amendment in force investment law in order to support the economic situation as well as to open the door in front of more resources to address the current financial crisis.
    This comes at a time when the Central Bank revealed his initiatives and actions to promote job development and job creation.
    Said committee member Nora Albjara to "New Morning" that "we collected a meeting with the Governor of the Central Bank on the Keywords middle of this week, we discussed the challenges facing the economic situation in Iraq."
    She said the "Keywords promised support economic development by opening the door to private banks, which in turn supports the economic, agricultural and industrial sectors," indicating that "it is providing loans to entrepreneurs, and facilitate the opening major community banks."
    She Albjara regret "because most of the private banks in Iraq, which is supposed to contribute to the economic improvement, are run by individual personalities is competent.
    And do not have a positive impact on the overall situation. "
    Although acknowledging the former parliament to amend the investment law, but a member of the parliamentary Economic Committee found "insufficient to cope with the current situation; because it intersects with other legislation and therefore the new amendment came without a trace," and promised a "legal central bank and banking influential hinder development."
    , However Albjara "so that the foreign investor was found, it will work in the southern regions, and we provide a safe environment; because the western and northern provinces suffer from a security deterioration," he demanded to "provide facilities for foreign funds because they are vulnerable to competition from nearby Arab markets, and if the foreign investor hair concern it will leave the neighborhood and go to our legislative efforts in vain. "
    And revealed the "end of the Central Bank to formulate a preliminary draft of the new law and amend the Banking Act, which will work together with the amendment of the Investment Law in order to boost economic development in the country," Msttrdp that "both projects would find new resources of the country away from oil that contributes to heal the part of the crack the financial crisis. "
    And completed Albjara saying that "drafts are still in the custody of the Central Bank, and it is hoped will soon refer them to the government and then to the House of Representatives for approval as soon as possible."
    These developments came in conjunction with the announcement of the Central Bank of Iraq in a statement: "New Morning received" a copy of which he was "studying the initiatives and actions to promote job development and job creation."
    The bank added that "the initiative is in line with the law and in the light of the financial challenges facing the country now."
    The central bank held daily for the sale and purchase of foreign currencies with the participation of Iraqi banks sessions, with the exception of public holidays in which the Bank will depend on these auctions, sales and be either in cash or in the form of money orders sold out in exchange for a certain commission.

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    duck2000
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    • Post n°9

    The central bank is considering taking important measures to promote development and job creation Empty Re: The central bank is considering taking important measures to promote development and job creation

    Post by duck2000 Thu 22 Jan 2015, 4:55 am

    no rate change untill cbi governor change!
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    Neno
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    • Post n°10

    The central bank is considering taking important measures to promote development and job creation Empty Re: The central bank is considering taking important measures to promote development and job creation

    Post by Neno Thu 22 Jan 2015, 6:55 am

    duck2000 wrote:no rate change untill cbi governor change!
    Ok, I have set my thoughts the same, to much evidence presented with the dominoes over the past few months. Proven's post above showing the build up. I suggest reading the whole reports posted and not just the highlighted parts. There is much more being said.... Ty


    Last edited by Neno on Thu 22 Jan 2015, 8:33 am; edited 1 time in total (Reason for editing : typos)
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    • Post n°11

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