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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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    The issuance of sovereign bonds to reduce inflation and speculation .. taxation on the sale of the d

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    • Post n°1

    The issuance of sovereign bonds to reduce inflation and speculation .. taxation on the sale of the d Empty The issuance of sovereign bonds to reduce inflation and speculation .. taxation on the sale of the d

    Post by Proven Tue 16 Jun 2015, 4:31 pm

    The plan unfolds to dry up liquidity:

    [ltr]The issuance of sovereign bonds to reduce inflation and speculation .. taxation on the sale of the dollar and the rise in oil prices[/ltr]


    [ltr]June 16, 2015 in [You must be registered and logged in to see this link.][/ltr]
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    Iraqi observer / Mushtaq Hasnawi


    The effects of high price of the dollar in the domestic market questions do not end, Marine experts economy return largely to speculative currency, while the Committee on the economy parliamentary confirmed that the reason is the central bank's policy because they are "lagging behind" in control of the continuous rise of the dollar exchange rate, indicating that the central bank is unable to put to the dominance of mafias currency solutions, and it is known that the increase in foreign currency rates will impact on the Iraqi market through higher goods and commodities borne by the citizen rates, while the Ministry of Finance held meetings with international banks, representatives of the companies and international rating to determine the credit rating of Iraq for the sovereign government bond issuance to reduce inflation and to obtain hard currency to reduce the budget deficit.


     Dr. Jawad al-Bakri said in a conversation with (Iraqi Controller) emphasized previously importance of issuing treasury central bank bonds which experience has exercised Iraq previously, it is important that the world is determined by the financial rating of Iraq in order to support these bonds, which are divided into two parts, the first internally as exposure These bonds for purchase by citizens, companies and traders, that after a year or more, according to the agreement simple and profits be returned, and thus will contribute to reduce inflation suffered by Iraq by withdrawing liquidity (dinar) from the market and this money will go to the government to finance its projects, he added There are bonds sold externally and is bought by international companies and some countries this process and will provide hard currency for the government and will determine the period of time to restore the money with a simple benefits and contribute to reducing the budget deficit for the current year ones and this global practice system and turn him America to finance its projects.



    He continued: With regard to the rising dollar prices it is because of the financial crisis in which we live by the drop in global oil prices and speculation and tax of 8% imposed on the sale of the dollar, Iraq depends 96% in its budget on oil imports and thus lower those imports, especially as the central bank auction was selling (200 -300) million dollars


    Today, due to lower imports of dollar it sells 75 million per auction, which was reflected on the amount of the offer, which fell rose demand for it, which leads to increased inflation and rising prices, we are embarking on the holy month of Ramadan, where demand for goods rises annually, but this year is different because demand Few Big Show.



    For his part, MP Jabbar Abdul Khaliq member of the Parliamentary Finance Committee said in a conversation with (Iraqi Controller) that speculation behind the rise in dollar prices in Iraq to 140 thousand dinars per $ 100, noting that the price of the dollar fluctuation unwarranted but greed and speculation.



    He added: "Banking deployed in country offices are the main reason behind the volatility in dollar terms, a subsidiary of a large mafias have direct links to politicians," explaining: "The volatility and inequality at the price of the dollar against the Iraqi dinar is not justified only by greed and speculation and exploitation." 


    He pointed Abdul Khaliq, that "mere addition of 8 percent on the cash price of the dollar is an economic crime and not the right of banking offices Add this ratio."



    So counting member of the Committee of Economy and Investment parliamentary deputy Abdul Salam al-Maliki said in a statement, the Iraqi Central Bank management as "lagging behind" in control of the continuous rise of the dollar exchange rate, indicating that the central bank stands helpless in front of the dominance of mafias currency, as he emphasized that prices rose eerily in particular with the market near the holy month of Ramadan.  Maliki said: "The central bank reluctant to management control of the continuous rise of the dollar exchange rate."


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    • Post n°2

    The issuance of sovereign bonds to reduce inflation and speculation .. taxation on the sale of the d Empty Re: The issuance of sovereign bonds to reduce inflation and speculation .. taxation on the sale of the d

    Post by Neno Tue 16 Jun 2015, 4:53 pm

    it is important that the world is determined by the financial rating of Iraq in order to support these bonds
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    • Post n°4

    The issuance of sovereign bonds to reduce inflation and speculation .. taxation on the sale of the d Empty Re: The issuance of sovereign bonds to reduce inflation and speculation .. taxation on the sale of the d

    Post by mochasmom Thu 18 Jun 2015, 7:03 am

    August sometime
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    • Post n°5

    The issuance of sovereign bonds to reduce inflation and speculation .. taxation on the sale of the d Empty Re: The issuance of sovereign bonds to reduce inflation and speculation .. taxation on the sale of the d

    Post by sassy Thu 18 Jun 2015, 8:20 am

    duck Getting my dancing shoes ready!!
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    • Post n°7

    The issuance of sovereign bonds to reduce inflation and speculation .. taxation on the sale of the d Empty Re: The issuance of sovereign bonds to reduce inflation and speculation .. taxation on the sale of the d

    Post by Diamond Thu 18 Jun 2015, 11:53 am

    WHAT IF!!!!! maybe its not a good credit rating OR something else needs doing????? thumbs2
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    • Post n°8

    The issuance of sovereign bonds to reduce inflation and speculation .. taxation on the sale of the d Empty Re: The issuance of sovereign bonds to reduce inflation and speculation .. taxation on the sale of the d

    Post by duck2000 Thu 18 Jun 2015, 11:55 am

    Diamond wrote:WHAT IF!!!!! maybe its not a good credit rating OR something else needs doing????? thumbs2
    lol if they get a credit rating at all blows your theory rite out da water!
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    • Post n°9

    The issuance of sovereign bonds to reduce inflation and speculation .. taxation on the sale of the d Empty Re: The issuance of sovereign bonds to reduce inflation and speculation .. taxation on the sale of the d

    Post by Diamond Thu 18 Jun 2015, 2:21 pm

    duck2000 wrote:
    Diamond wrote:WHAT IF!!!!! maybe its not a good credit rating OR something else needs doing????? thumbs2
    lol if they get a credit rating at all blows your theory rite out da water!
    Oh!! now I have a theory, but if ya countin me sayin it aint happen, then ya RIGHT lol!
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    • Post n°10

    The issuance of sovereign bonds to reduce inflation and speculation .. taxation on the sale of the d Empty Re: The issuance of sovereign bonds to reduce inflation and speculation .. taxation on the sale of the d

    Post by Proven Sun 21 Jun 2015, 4:42 pm

    More of the plan revealed to dry up liquidity:

    Ali Keywords: Dollar flowing smoothly to the central

    6/21/2015 0:00

    Speculation and behind the high price and procedures effective to stability

    BAGHDAD -
    Hussein al-Tamimi Tgb
    said Governor of the Central Bank on the Keywords not be a problem in the flow of dollars to the Central Bank and the Treasury is not empty, as some claim The country exported more than 3 million barrels per day of crude oil to world markets, and prices Oil began to improve.

    He Keywords in a news conference attended by the "morning" that the cash reserves of the Central Bank is estimated at 68 billion dollars, which can be increased, pointing out that the volume of cash in Iraqi dinars estimated 400 trillion dinars and this is a positive thing with an estimated reserve cash from dollar weakness Monetary size of the Iraqi dinar.

    He noted that the issue of changing the dollar exchange rate occupies great importance to the level of the economy and the stability of the standard of living of the Iraqi family, pointing out that the central action comes to maintain a stable exchange rate and we have a lot of solutions for any case of manipulation price levels,

    indicating Rising exchange rates lead to higher commodity prices in the local markets because most of them imported from international markets and this requires converting large amounts of dollar.

    He Keywords that rise witnessed dollar exchange rate during the last period caused by the occurrence case of speculative trading the dollar in order to achieve the highest profits and targets Others, noting that the high price of more than 100 degrees in one day is unnatural,

    pointing out that the central bank has more than a tool to address this situation and did not exhaust all his tools but that the cash reserve covering the Iraqi dinar, and there is no inflation requires the central bank intervention, but that the rate did not reach 2 percent and that for Aestday intervention by the central bank.

    He said that the meeting with the Iraqi private banks association led to the understanding and reading of the phenomena correctly and take the necessary measures to maintain the stability of exchange rates in the domestic market measures.

    For his part, President of the Association Iraqi private banks and depositary Handal that the weekly meeting between the Association and the Central drove to take the right actions that serve the stability of the dollar exchange rates, pointing out that the central action on the auction and Time on Saturday,

    is a positive thing, indicating that the coming together of banks with the central return rates of exchange to normal stressing quest hard and relentless banking sector to promote and support the central bank's actions leading to the stability of exchange rates.

    And inflation said Handal said that it is virtually non-existent and did not exceed 2 percent and this proportion is acceptable when compared to neighboring countries where inflation rates are high find large limits .

    and praised the central bank's decision to raise the tax deductions amounting to 8 percent and its role in alleviating the impact of this ratio for the shoulders of the citizen, which was added to the value of goods and imported goods.

    returned Keywords to say there is little coordination between fiscal and monetary policies and this gets for the first time, where there is a large format between the Central Finance and the Ministry for the adoption of mechanisms to maintain the stability of exchange rates,

    pointing out that it was calculated for the benefit of the Iraqi economy, pointing out that we are studying the reasons for the large demand for the dollar,

    even though we are aware of the existence of imports of a wide and there's money turned into points Mokhtlvh.obin that the central bank took the initiative to build the project economic integrated unable to determine the pathways and targets,

    pointing to the importance of this Agreed Framework nationally in achieving economic renaissance, stressing that the country is in dire need of direction keeps the currency within the country through the creation of the investment environment

    that keeps the money within the country and attraction of capital from abroad and the role of So to maximize the local economy.

    Keywords and said: that the independence of the Central Bank is important and that all the world's central banks aimed at stabilizing exchange rates, noting that determined confuse working mechanisms and adversely affects, and that monetary policy must be free loose dealing with everyday reality.

    The Director Executive of the Association of Iraqi private banks Ali Tariq has said that the banking system in Iraq is the base engine for economic stability and has an important role to play in sustainable economic development process, and needs to provide the right climate for that, pointing to the importance of the concerted efforts of everyone to overcome the exceptional situation.

    He said: Association supported the Central Bank to all procedures aimed at fighting corruption, money laundering and the organization of foreign trade, indicating the importance of the Central Initiative trillion dinars allocated for the financing of small and medium enterprises and can be considered an important contribution to the path of sustainable development.

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    • Post n°11

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