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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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    Economist: deletion of zeros from the dinar is necessary but it is premature

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    • Post n°1

    Economist: deletion of zeros from the dinar is necessary but it is premature Empty Economist: deletion of zeros from the dinar is necessary but it is premature

    Post by Proven Sat 16 May 2015, 1:51 pm

    Alot of media attention.  In summary: Yes, but not yet.  

    Economist: deletion of zeros from the dinar is necessary but it is premature

    Saturday, May 16 2015

    BAGHDAD / Dar es Salaam
    The economist said, the Secretary-haven, that: the restructuring of the dinar and deleting three zeros from the process are necessary, but the implementation of it but he also premature for the lack of economic, financial and security conditions that ensure a positive impact on the national economy.

    The Secretary in a press statement, I followed (Dar es Salaam), "The restructuring of the national currency project is very important and the process of deleting the zeros Mnhadharorah to stop rising inflation in the currency figures, which made traders and contractors are reluctant traded on the internal and external transactions and replace it with cash in foreign currencies, especially the dollar ", adding that" this is reflected negatively on the currency and the value of its power and popularity and speed of circulation, in addition to the confidence of the citizen. "

    He added that "the project to delete the zeros put up eight years ago, but the study and application of mechanisms passed many obstacles delayed its implementation, including the agreement on the form of the new currency and provide financial guarantees to be printed and safety for not rigged amounts."

    The Secretary "the importance of the economic, financial and political conditions are met prior to the implementation of the project to ensure its success and benefit from in terms of cash transactions internally and externally and put competitive strength coin," noting that "part of the conditions is the security and the political stability that followed economic stability with the diversification of income sources National and the development of productive sectors and to ensure sustainability and support the national currency exchange rate against the dollar ", adding that" these things are all currently Ataatovr, and that talk on this subject is premature. "

    He continued that "the national currency's strength is currently affected by the oil quantities exported and the price per barrel is stable, in addition to opening up the doors of depleted budget spending through fighting the terrorist Daash buy weapons and equipment gangs and relief to the displaced with reconstruction campaigns, and other expenditure sections that negatively affect the value of the Iraqi dinar against the dollar, "noting that" the stable economic environment in the country offers is very important to ensure the success of the restructuring process of its currency and to delete the zeros of them with positive repercussions on the national economy in general. "

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    • Post n°2

    Economist: deletion of zeros from the dinar is necessary but it is premature Empty Re: Economist: deletion of zeros from the dinar is necessary but it is premature

    Post by Neno Sat 16 May 2015, 6:36 pm

    The economist said, the Secretary-haven, that: the restructuring of the dinar and deleting three zeros from the process are necessary, but the implementation of it but he also premature for the lack of economic, financial and security conditions that ensure a positive impact on the national economy.
    Interesting, this is what all our old friend (Ali) told me last just recent. Claims Iraq is is in worst shape now than it previous was, will see.... ;)
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    • Post n°3

    Economist: deletion of zeros from the dinar is necessary but it is premature Empty Re: Economist: deletion of zeros from the dinar is necessary but it is premature

    Post by Proven Sun 17 May 2015, 5:05 pm

    Neno wrote:
    The economist said, the Secretary-haven, that: the restructuring of the dinar and deleting three zeros from the process are necessary, but the implementation of it but he also premature for the lack of economic, financial and security conditions that ensure a positive impact on the national economy.
    Interesting, this is what all our old friend (Ali) told me last just recent. Claims Iraq is is in worst shape now than it previous was, will see.... ;)

    Worse shape?  Let's look at what is happening.  1) Given the green light for implementation of the delete the zeros. 2) Reducing the money supply by reduced government spending, applying tariffs, and electronic remittances. 3) Passing economic reform laws. 4) decentralizing the responsibility for rebuilding/projects.  5) Holding meetings with global banks on investing.  6) Printing new currency in preparation of the restructuring of the currency.

    This is all within the last 5 months...

    Alice in Wonderland got to a fork in the road she was traveling and stopped.   Sitting in a nearby tree watching her was the Cheshire Cat.  Alice asked the Cheshire Cat, "which way do I go?"  The Cheshire Cat responded, "that depends on where you are going."  Alice looked at him puzzled and said, "I don't know."  The Cheshire Cat smiled and answered, "take either path, because either way will take you to where you don't know."  

    If you don't understand the plan, it does not make sense where Iraq is headed.

    If you understand the plan of economic development, the path is clear.  

    How did I figure this plan out?  Be Blessed.
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    • Post n°4

    Economist: deletion of zeros from the dinar is necessary but it is premature Empty Re: Economist: deletion of zeros from the dinar is necessary but it is premature

    Post by Screwball Sun 17 May 2015, 5:37 pm

    Nice! Proven!
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    • Post n°5

    Economist: deletion of zeros from the dinar is necessary but it is premature Empty Re: Economist: deletion of zeros from the dinar is necessary but it is premature

    Post by fonz1951 Sun 17 May 2015, 5:47 pm

    Proven wrote:
    Neno wrote:
    The economist said, the Secretary-haven, that: the restructuring of the dinar and deleting three zeros from the process are necessary, but the implementation of it but he also premature for the lack of economic, financial and security conditions that ensure a positive impact on the national economy.
    Interesting, this is what all our old friend (Ali) told me last just recent. Claims Iraq is is in worst shape now than it previous was, will see.... ;)

    Worse shape?  Let's look at what is happening.  1) Given the green light for implementation of the delete the zeros. 2) Reducing the money supply by reduced government spending, applying tariffs, and electronic remittances. 3) Passing economic reform laws. 4) decentralizing the responsibility for rebuilding/projects.  5) Holding meetings with global banks on investing.  6) Printing new currency in preparation of the restructuring of the currency.

    This is all within the last 5 months...

    Alice in Wonderland got to a fork in the road she was traveling and stopped.   Sitting in a nearby tree watching her was the Cheshire Cat.  Alice asked the Cheshire Cat, "which way do I go?"  The Cheshire Cat responded, "that depends on where you are going."  Alice looked at him puzzled and said, "I don't know."  The Cheshire Cat smiled and answered, "take either path, because either way will take you to where you don't know."  

    If you don't understand the plan, it does not make sense where Iraq is headed.

    If you understand the plan of economic development, the path is clear.  

    How did I figure this plan ou    t?  Be Blessed.


     

    [ltr]Displaced Iraqi families head toward field kitchens set up by the World Food Programme. (WFP/Mohammed Albahbahani)[/ltr]
    [ltr]But the UN food agency sent out grave warnings this week. The humanitarian situation in Southern Iraq is reaching critical levels.[/ltr]
    [ltr]Many of the hungry are living in abandoned buildings. They have lost all their resources. Host communities in Iraq are feeling the strain of taking in so many new people. So they depend on aid from WFP and other agencies.[/ltr]
    [ltr]Reaching these areas is a dangerous mission for WFP, going through conflict zones. Funding is another issue too, as WFP relies on voluntary donations. this article was dated 3 /30/ 2015[/ltr]
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    • Post n°6

    Economist: deletion of zeros from the dinar is necessary but it is premature Empty Re: Economist: deletion of zeros from the dinar is necessary but it is premature

    Post by fonz1951 Sun 17 May 2015, 5:53 pm

    Iraq has been struggling with an increase in poverty rates for many years. While the Iraqi Ministry of Planning notes that the rate of poverty has recently decreased, [You must be registered and logged in to see this link.], statistics released by the World Bank show that 28% of Iraqi families live [You must be registered and logged in to see this link.]. In the event that the country may face any kind of crisis, this rate could increase by 70%. This is currently happening because of the spike in violent acts and tense political situation.

    Summary[You must be registered and logged in to see this link.] The security crisis in Anbar and the crisis in governance have contributed to a declining Iraqi economy.
    Author [You must be registered and logged in to see this link.]Posted February 11, 2014
    TranslatorSteffi Chakti
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    [/size]
    The head of the Model Iraqi Women Organization, Athraa Hassani, provided Al-Monitor with this information, quoting World Bank officials who discussed these statistics during a meeting in Turkey with a number of members of civil society organizations seeking to find a solution to the poverty crisis in Iraq.
    Hassani questions the accuracy of the poverty rates announced by the Iraqi government, affirming that these rates are continuously increasing because of a rise in daily violence and spike in unemployment rates in addition to a weakening of the Iraqi economy.
    Based on the World Bank’s figures, this would mean that out of Iraq’s 34.7 million citizens, more than 9.5 million individuals are living [You must be registered and logged in to see this link.].
    Governor of Baghdad Ali al-Tamimi told Al-Monitor that the [You must be registered and logged in to see this link.] is not able to provide genuine solutions to deal with the poverty crisis in the country. Its role is limited to doling out a monthly salary for the poor, ranging between $40 and $100 depending on the number of family members. This amount is disbursed every three months; however, it does not even [You must be registered and logged in to see this link.]of families. Tamimi affirmed that poverty rates are very high, and that whoever says otherwise knows nothing about the situation of Iraqi society. Tamimi, like Hassani, objects to the attempt of some governmental sources to deceive the public regarding poverty rates in Iraq and the resulting risks.
    Speaking to Al-Monitor, Ali Shir, a member of the parliamentary Human Rights Committee, did not deny the fact that the poverty rate in Iraq is very high and that thousands of families feed on “garbage and live in landfills and slums.” He attributed this situation to the fact that the Iraqi government is channeling more focus to other issues, mainly the security situation and armament. This comes at the expense of social plights that are exacerbating by the day.
    Hassani argues that the ideal solution involves cooperating with various organizations to put in place a new social security law for the unemployed. This law must comprise all social groups that are unable to work for one reason or another. In fact, a draft law on this subject [You must be registered and logged in to see this link.] and presented to parliament for ratification. According to the draft law, one-third of the state’s budget should be allocated to provide fixed monthly salaries for the groups specified in the law.
    What is striking is that the social security law for the unemployed was [You must be registered and logged in to see this link.]. According to Hassani, 13 social security draft laws proposed by various committees in parliament are currently up for discussion. The inability of politicians and officials to reach an agreement was the reason behind the failure to propose a unified social security draft law within parliament.
    Al-Monitor visited many slums and poor neighborhoods such as the Safar and Husainiyah neighborhoods in Sadr City. While these neighborhoods are located within the borders of the capital to the north and northeast, they do not have water or electricity services. Roads are unpaved and houses are built with blocks that are covered with brittle tinplate fixed to the roofs with weights to keep them in place.
    Al-Monitor interviewed some of the residents who said that they were living a miserable life and rely on wealthy donors to meet their basic needs. They addressed the government asking, “Until when will we tolerate the situation? We as well as our children are hungry.”
    The families with whom Al-Monitor met made it clear that they are not optimistic about their situation and that of the country in general.

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    AMAL SAKR
    Contributor,  Iraq Pulse
    [size]
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    [/size]
    [You must be registered and logged in to see this link.] is a media presenter and investigative journalist. She previously worked as the regional director for the BBC's Baghdad office. She has held a number of editorial positions with several local and international newspapers, and has written many articles about politics and social, cultural and economic issues. She currently works with Radio Monte Carlo Doualiya.
    [size]


       English Newsletter   Arabic Newsletter   Hebrew Newsletter   Turkish Newsletter   

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    MORE FROM  IRAQ PULSE


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    Iraq tries to improve human rights through education
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    Babil’s Jewish shrine, mosque share space
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    Services improve under IS in Mosul
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    Iraq’s toxic partisanship continues
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    • Post n°7

    Economist: deletion of zeros from the dinar is necessary but it is premature Empty Re: Economist: deletion of zeros from the dinar is necessary but it is premature

    Post by Neno Sun 17 May 2015, 5:56 pm

    Proven wrote:
    Neno wrote:
    The economist said, the Secretary-haven, that: the restructuring of the dinar and deleting three zeros from the process are necessary, but the implementation of it but he also premature for the lack of economic, financial and security conditions that ensure a positive impact on the national economy.
    Interesting, this is what all our old friend (Ali) told me last just recent. Claims Iraq is is in worst shape now than it previous was, will see.... ;)

    Worse shape?  Let's look at what is happening.  1) Given the green light for implementation of the delete the zeros. 2) Reducing the money supply by reduced government spending, applying tariffs, and electronic remittances. 3) Passing economic reform laws. 4) decentralizing the responsibility for rebuilding/projects.  5) Holding meetings with global banks on investing.  6) Printing new currency in preparation of the restructuring of the currency.

    This is all within the last 5 months...

    Alice in Wonderland got to a fork in the road she was traveling and stopped.   Sitting in a nearby tree watching her was the Cheshire Cat.  Alice asked the Cheshire Cat, "which way do I go?"  The Cheshire Cat responded, "that depends on where you are going."  Alice looked at him puzzled and said, "I don't know."  The Cheshire Cat smiled and answered, "take either path, because either way will take you to where you don't know."  

    If you don't understand the plan, it does not make sense where Iraq is headed.

    If you understand the plan of economic development, the path is clear.  

    How did I figure this plan out?  Be Blessed.
    Like I said, "Old Friend".... laugh
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    • Post n°8

    Economist: deletion of zeros from the dinar is necessary but it is premature Empty Re: Economist: deletion of zeros from the dinar is necessary but it is premature

    Post by Proven Sun 17 May 2015, 6:03 pm

    fonz1951 wrote:
    Proven wrote:
    Neno wrote:
    The economist said, the Secretary-haven, that: the restructuring of the dinar and deleting three zeros from the process are necessary, but the implementation of it but he also premature for the lack of economic, financial and security conditions that ensure a positive impact on the national economy.
    Interesting, this is what all our old friend (Ali) told me last just recent. Claims Iraq is is in worst shape now than it previous was, will see.... ;)

    Worse shape?  Let's look at what is happening.  1) Given the green light for implementation of the delete the zeros. 2) Reducing the money supply by reduced government spending, applying tariffs, and electronic remittances. 3) Passing economic reform laws. 4) decentralizing the responsibility for rebuilding/projects.  5) Holding meetings with global banks on investing.  6) Printing new currency in preparation of the restructuring of the currency.

    This is all within the last 5 months...

    Alice in Wonderland got to a fork in the road she was traveling and stopped.   Sitting in a nearby tree watching her was the Cheshire Cat.  Alice asked the Cheshire Cat, "which way do I go?"  The Cheshire Cat responded, "that depends on where you are going."  Alice looked at him puzzled and said, "I don't know."  The Cheshire Cat smiled and answered, "take either path, because either way will take you to where you don't know."  

    If you don't understand the plan, it does not make sense where Iraq is headed.

    If you understand the plan of economic development, the path is clear.  

    How did I figure this plan ou    t?  Be Blessed.


     








    [ltr]Displaced Iraqi families head toward field kitchens set up by the World Food Programme. (WFP/Mohammed Albahbahani)[/ltr]














    [ltr]But the UN food agency sent out grave warnings this week. The humanitarian situation in Southern Iraq is reaching critical levels.[/ltr]














    [ltr]Many of the hungry are living in abandoned buildings. They have lost all their resources. Host communities in Iraq are feeling the strain of taking in so many new people. So they depend on aid from WFP and other agencies.[/ltr]














    [ltr]Reaching these areas is a dangerous mission for WFP, going through conflict zones. Funding is another issue too, as WFP relies on voluntary donations. this article was dated 3 /30/ 2015[/ltr]







    Sad.  ISIS recruits from the unemployed.  In an odd way, ISIS is forcing the government to address the unemployment issue by starting economic development, or go down in flames.  Even Biden noted this in a speech...  Darn Jackals.  
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    • Post n°9

    Economist: deletion of zeros from the dinar is necessary but it is premature Empty Re: Economist: deletion of zeros from the dinar is necessary but it is premature

    Post by fonz1951 Sun 17 May 2015, 6:08 pm

    is the situation really better in iraq? who knows for sure, sure don't look and sound like it is.i do think that a revalue in their currency will help the overall situation, you've got to know that the infrastructure has to be devastated. i know all the latest news sounds encouraging, but look at it realistically. over 2 million displaced, god knows how many citizens going to bed hungry every day.the above article is dated 2/ 11/ 2014, but does anyone really think it has gotten that much better in one year and 3 months? i don't! i may be wrong (it wont be the first time) but, it just doesn't look good.
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    • Post n°10

    Economist: deletion of zeros from the dinar is necessary but it is premature Empty Re: Economist: deletion of zeros from the dinar is necessary but it is premature

    Post by Proven Sun 17 May 2015, 6:29 pm

    fonz1951 wrote:is the situation really better in iraq? who knows for sure, sure don't look and sound like it is.i do think that a revalue in their currency will help the overall situation, you've got to know that the infrastructure has to be devastated. i know all the latest news sounds encouraging, but look at it realistically. over 2 million displaced, god knows how many citizens going to bed hungry every day.the above article is dated 2/ 11/ 2014, but does anyone really think it has gotten that much better in one year and 3 months? i don't! i may be wrong (it wont be the first time) but, it just doesn't look good.

    Good point.  The corrupt politicians in Iraq are being forced to address these issues.  Things were easy when they had oil surplus.  Now, things are different.  They have to put up or get out.
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    • Post n°11

    Economist: deletion of zeros from the dinar is necessary but it is premature Empty Re: Economist: deletion of zeros from the dinar is necessary but it is premature

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