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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.

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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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    Governor of the Central Bank Investment Conference: support bank liquidity

    Proven
    Proven
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    Governor of the Central Bank Investment Conference: support bank liquidity Empty Governor of the Central Bank Investment Conference: support bank liquidity

    Post by Proven Wed 04 Feb 2015, 1:16 pm

    The next domino, investors to enter the country.  The plan in action.....


    Governor of the Central Bank Investment Conference: support bank liquidity
    02/04/2015 17:04
    BAGHDAD / Obelisk: The governor of the Iraqi Central Bank, the Economic Commission of the Council of Ministers of the Council recommended to challenge the material contained in the budget bill because they intersect with the independence of the Central Bank.
    Committee held parliamentary economy, Wednesday, in the capital Baghdad, the Committee on the Hall of Babylon Hotel in Baghdad's first international investment conference, which embraced the major international and local companies.
    He said the central bank governor said in remarks pursued "Obelisk", on the sidelines of the conference, "The Bank continued to support the liquidity of the banking sector in order to contribute to the revitalization of the economy."
    He went on to say, "We have the means to achieve stability in the dinar exchange for the protection of citizens' purchasing power price."
    And on the same level, said a member of the Committee on Economy and Investment parliamentary Ali al-Maliki, on Wednesday, the first international investment conference held in Baghdad will work to revive the private sector and strengthen the role of investment in the country.
    Al-Maliki said that "the first international investment conference in the Iraqi capital, Baghdad will revive the economy in general and the private sector, will also strengthen the role of investment in the process of building the country."
    He added that "investors enter strongly in Iraq, especially in the private sector and the events between local and international companies economic partnerships in the field of industries, will contribute to the restoration of the local product to the fore again, and reduce the burden on the country's economy and push up the local currency's strength."
    Maliki stressed that "Alroi that will be raised during the conference will enable the Commission to prepare a strong economy from investment law can create the ground and wide to bring in investment environment."


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    Proven
    Proven
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    Governor of the Central Bank Investment Conference: support bank liquidity Empty Re: Governor of the Central Bank Investment Conference: support bank liquidity

    Post by Proven Wed 04 Feb 2015, 1:30 pm

    Just need them to pull the trigger on the plan!

    U.S. Department of State - 2013 Investment Climate Statement - Iraq

    2013 Investment Climate Statement
    Bureau of Economic and Business Affairs
    February 2013
    Report



    Currency Conversion and Transfer Policies

    The currency of Iraq is the Dinar (IQD - sometimes referred to as the
    New Iraqi Dinar). Iraqi authorities confirm that in practice there are
    no restrictions on current and capital transactions involving currency
    exchange as long as underlying transactions are supported by valid
    documentation. The International Monetary Fund’s annual publication on
    Exchange Arrangements and Restrictions states that “restrictions on
    capital transactions are not enforced; however, documentation and
    reporting requirements apply.” The National Investment Law contains
    provisions that, once implemented, would allow investors to maintain
    Iraqi bank accounts and transfer capital inside or outside of Iraq.


    The Government of Iraq’s monetary policy since 2003 has focused on
    maintaining price stability primarily by appreciating the IQD against
    the U.S. dollar while seeking to maintain exchange rate predictability.
    Banks may engage in spot transactions in any currency, but are not
    allowed to engage in forward transactions in Iraqi Dinar for speculative
    purposes. There are no taxes or subsidies on purchases or sales of
    foreign exchange. Improved security has allowed for an increased supply
    of goods and services which, along with the Central Bank of Iraq’s
    monetary and exchange rate policies, have continued to help temper
    inflation. The CBI has brought inflation down from a peak of more than
    70 percent in 2006 to below 10 percent since early 2008, primarily
    through appreciating the currency. The CBI has held the official
    exchange rate at close to 1,170 IQD/1.00 USD since 2009.


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    Proven
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    Governor of the Central Bank Investment Conference: support bank liquidity Empty Re: Governor of the Central Bank Investment Conference: support bank liquidity

    Post by Proven Wed 04 Feb 2015, 1:46 pm

    Just what the doctor ordered.  I could not have said it better!     

    Araji calls for the activation of Article 15 of the Investment Law
     Details
       Group: economy
       Published on Wednesday, February 4, 2015 04:54
       Written by: Laith Mohammed Reza
       Hits: 212   

    BAGHDAD / Center Brief for the Iraqi Media Network (IMN) - Deputy Prime Minister Bahaa al-Araji, boil the activation of Article 15 of the Investment Law.

    They said in his speech at the International Conference on Investment in Iraq, which is hosted by the Committee on the economy and invest in the House of Representatives, that Article 15 if it did would address all impediments to the investment process, as well as giving broad powers to the provinces to facilitate investment.
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    mochasmom
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    Governor of the Central Bank Investment Conference: support bank liquidity Empty Re: Governor of the Central Bank Investment Conference: support bank liquidity

    Post by mochasmom Wed 04 Feb 2015, 4:11 pm

    Just need new CBI GOV
    Proven
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    Governor of the Central Bank Investment Conference: support bank liquidity Empty Re: Governor of the Central Bank Investment Conference: support bank liquidity

    Post by Proven Wed 04 Feb 2015, 5:03 pm

    Of significance is the fact that the deputy prime minister is making the statement to active the investment law.  

    Deputy Prime Minister Bahaa al-Araji, boil the activation of Article 15 of the Investment Law.
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    azdinar
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    Governor of the Central Bank Investment Conference: support bank liquidity Empty Re: Governor of the Central Bank Investment Conference: support bank liquidity

    Post by azdinar Wed 04 Feb 2015, 5:20 pm

    Little confused Truki was Maliki's guy.
    Who was replaced by Ismail was appointed in September 2014. So is he just proxy? Will they be replacing him?
    Neno
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    Governor of the Central Bank Investment Conference: support bank liquidity Empty Re: Governor of the Central Bank Investment Conference: support bank liquidity

    Post by Neno Wed 04 Feb 2015, 6:57 pm

    azdinar wrote:Little confused Truki was Maliki's guy.
    Who was replaced by Ismail was appointed in September 2014. So is he just proxy? Will they be replacing him?
    Turki was replaced with Moshen before Maliki was out. Yes he is the Proxy (caretaker) what ever... ;)

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    Governor of the Central Bank Investment Conference: support bank liquidity Empty Re: Governor of the Central Bank Investment Conference: support bank liquidity

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