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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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    Parliamentary Finance Committee reveal a proposal to merge the Rafidain and Rasheed

    wciappetta
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    Post by wciappetta Tue 02 Jun 2015, 3:46 pm

    First topic message reminder :

    The last part steeps of IMF art VIII compliance, with it's unrestricted capital inflows and outflows. That's how they fashion such things, institute an international edict  masked with a national label... I wonder if the the Revalue is an obstacle preventing the moving forward of the investment law? Rhetorical question...


    Parliamentary Finance Committee reveal a proposal to merge the Rafidain and Rasheed

    Written by QS Date: 06/02/2015 12:10

    Baghdad - INA / revealed in a parliamentary finance committee member, on Tuesday, a proposal to merge the Rafidain and Rasheed, referring to the deterioration of the financial situation of the Rafidain Bank.

    He said the parliamentary finance committee member Masood Haider, for "The Iraqi news agency" that "Rafidain Bank financial situation deteriorating very" revealing "a proposal by the prime minister, the integration of the Rafidain and Rasheed and regarded as one bank."

    He stressed Haider, a deputy from the Kurdish bloc change, "The Finance Committee is closely following the development of State-owned banks and the conclusion reached by the Rafidain Bank of very large financial deterioration must put the necessary solutions and quick about it."

    It is a different context, Haider added that "the Finance Committee met a few days ago with the Economic Commission to study the investment law being activated and carries financial side."

    Haider said that "the lack of activating the investment law because of obstacles in front of the Investment Authority," explaining that "those obstacles spurred Parliament to enact a law gives full freedom for investors from home and abroad."

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    Post by ron-man Fri 12 Jun 2015, 5:29 pm

    Always good to hear from all of you thanks.
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    Post by duck2000 Fri 14 Aug 2015, 5:16 am

    azareus wrote:
    duck2000 wrote:
    mochasmom wrote:Learning a lot, thanks everyone...Duck, do you agree that this Is a possible holdup to the RV?

    no i disagree iraq has said it has 2.5 times reserves it needs to cover the dinar..debt was taken care of with paris club old news ..only thing in the way is currently is ISIS and they are being routed..investment law will come after the rv like the HCL and  
    tarriffs!

    they didnt give green light and then say hey .. lets wait till tarriffs/ investment law .. credit rateing.. withdraw 50s and replace new ones so they can wait.. the process has started .. it will continue!!!
    Only thing in the way is isis. Investment law, HCL and tariffs will come after rv. Great news. 

    Seems investment law will be endorsed next week so we must be close
    i will try to be as PC as i can ... oh damn dat i will dummy it down for you..... no investment law.. no HCL.. no tarriffs are needed BEFORE hand hows dat?
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    Post by duck2000 Fri 14 Aug 2015, 5:19 am

    thay arnt needed for the RV no tye in no law is needed now if they pass them so what it will kind of be like you tariffs you banked on.. gee get a grip!
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    Post by gmc Fri 14 Aug 2015, 7:33 am

    thanks for dumbing it down finally I understood that lol
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    Post by wciappetta Fri 14 Aug 2015, 7:43 am

    Haider said that "the lack of activating the investment law because of obstacles in front of the Investment Authority," explaining that "those obstacles spurred Parliament to enact a law gives full freedom for investors from home and abroad."

    Besides the owning of land, attached to this is the unfettered access to their money or in other words capital inflows and outflows is the real pressing issue, not land ownership ....as you can see in this follow piece they're hinting at the same thing

     Revealed a member of the economic and investment commission parliamentary Najiba Najib, Saturday, to address all the problems that hinder the adoption of the investment law, a "routine" and "finance" and "decentralization", indicating that the House of Representatives in the process of legislation ...


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    Finally here is another overlooked portion of a report clearly spelling out the Proven prime issue to foreign investment in Iraq.

    He d.  Inside, to placed very important concerning the prices currency and the volatility of costs and profits generated by domestic and foreign companies invested exchange for the fact that it plays a vital role in providing those companies financial results, especially in the subject of physical assets in hard currency, so the stability of the local currency exchange rates contribute to creating stability economic gain investor confidence and puts him a good base for predictability, either placed re-export of capital, it occupies a lot of space in investor thinking, where is seen legislation that adapt to the movement of capital and profits in whole or in part from the host country to the outside whenever included legislation restrictions impede the movement of this activity or require complicated procedures to achieve whenever the investment climate in these countries was less attractive to investors than in the countries that have liberated the capital and interest earned from it.[/


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    So in conclusion, I restate the issue of concern referencing "those obstacles spurred Parliament to enact a law gives full freedom for investors from home and abroad."  is really the freedom of money in and out of the country that is the prime focus of  amending the  investment law, thus reforming the law to conform to the precepts of IMF article VIII and as such,

    it also clears the path to WTO membership since in order to gain membership a nation needs  IMF art. VIII compliance and not forget also the WTO appointed a committee in Iraq's quest for entry that concerned itself exclusively with exchange rate cannot be overlooked either.

    Both of these  to me seem to surround the exchange rate issue, this is one of the reasons why I think the exchange rate precedes the investment law enactment.


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    Post by zimi31 Fri 14 Aug 2015, 9:13 am

    Great thread!!! Thanks to Duck and Ward for 'dumbing' it down for us. Ward always appreciate your comments and interpretations....all so very encouraging. Can't believe after over 10 years I'm not better at translating.  bighug
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    Post by weslin3 Fri 14 Aug 2015, 10:24 am

    zimi31 wrote:Great thread!!! Thanks to Duck and Ward for 'dumbing' it down for us. Ward always appreciate your comments and interpretations....all so very encouraging. Can't believe after over 10 years I'm not better at translating.  bighug
    Thanks zimi.. I don't feel all alone now. I need the dumb translation really bad. Thanks duck.. One of your dumber students... lol!
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    Post by Neno Fri 14 Aug 2015, 10:30 am

    duck2000 wrote:
    mochasmom wrote:Learning a lot, thanks everyone...Duck, do you agree that this Is a possible holdup to the RV?

    no i disagree iraq has said it has 2.5 times reserves it needs to cover the dinar..debt was taken care of with paris club old news ..only thing in the way is currently is ISIS and they are being routed..investment law will come after the rv like the HCL and  
    tarriffs!

    they didnt give green light and then say hey .. lets wait till tarriffs/ investment law .. credit rateing.. withdraw 50s and replace new ones so they can wait.. the process has started .. it will continue!!!
    lol, missed this or did I, lol. Part of the reforms on cleaning house?

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