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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 economy reveal about the benefits of selling foreign currency at the central bank auct

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    • Post n°1

    Parliamentary economy reveal about the benefits of selling foreign currency at the central bank auct - Page 5 Empty Parliamentary economy reveal about the benefits of selling foreign currency at the central bank auct

    Post by Proven Sun 03 Jan 2016, 8:49 am

    First topic message reminder :

    Parliamentary economy reveal about the benefits of selling foreign currency at the central bank auction


    Economy and Tenders
     Since 01/02/2016 14:47 pm (Baghdad time)
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    Special - scales News


    A commission of economy and investment representative, on Saturday, that the central bank selling of foreign currency is very important and necessary to the economy of Iraq being Dqa contribute to employees' salaries.


    Said committee member Ahmed Kanani's / scales News /, that "the reasons for the auction of important foreign currencies of the Iraqi economy, because domestic production ratio constitutes only 2%, which means a lack of financial resources to draw on, which leads us to the sale, in addition to that we are the only country that has Almost five million employees than it needs a day to 287 billion Iraqi dinars cash. "


    Kanani said, that "if not to sell the currency, there will be a crisis in the payment of staff salaries, and the deterioration of economic matters, as well as private banks stopped rising dollar and by a large margin." He pointed out that "this issue as a normal monetary policy, but there is a clear position by some MPs on them, it is necessary to balance between the dollar and the dinar rate."


    Kanani said that "reducing the selling currency in the future is possible when we have a national production, and confidence between the government and private banks deposits to distribute them even draw a parallel with the economic policy of the government banks."


    This revealed the parliamentary finance committee member Majda al-Tamimi, about the corruption of a very large file in your currency auction of the Central Bank, indicating that the currency "fad" Ahtkrth political and commercial layer in order to steal oil money. Auctionended 29/38


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    • Post n°41

    Parliamentary economy reveal about the benefits of selling foreign currency at the central bank auct - Page 5 Empty Re: Parliamentary economy reveal about the benefits of selling foreign currency at the central bank auct

    Post by duck2000 Mon 04 Jan 2016, 8:25 pm

    fonz1951 wrote:
    duck2000 wrote:just because some oil offical company hasn't gone in doesn't mean its not verifable!

    And al-Shahristani hinted that there may be even more oil, with 'other areas to be explored that are expected to add' even more to the reserve total,    this sentence is from the article directly above your post. "to be explored" that is exactly what i said, that all of iraq has not been explored for oil. i know what you're saying. but you stated that all of iraq had been explored.
    amd one more time it has ALLLLLLLLLLLLLLLLL been explored! fact
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    • Post n°42

    Parliamentary economy reveal about the benefits of selling foreign currency at the central bank auct - Page 5 Empty Re: Parliamentary economy reveal about the benefits of selling foreign currency at the central bank auct

    Post by fonz1951 Mon 04 Jan 2016, 8:47 pm

    duck2000 wrote:
    fonz1951 wrote:
    duck2000 wrote:just because some oil offical company hasn't gone in doesn't mean its not verifable!

    And al-Shahristani hinted that there may be even more oil, with 'other areas to be explored that are expected to add' even more to the reserve total,    this sentence is from the article directly above your post. "to be explored" that is exactly what i said, that all of iraq has not been explored for oil. i know what you're saying. but you stated that all of iraq had been explored.
    amd one more time it has ALLLLLLLLLLLLLLLLL been explored! fact
    When it comes to assessing Iraq's undiscovered reserves, the differences between the DOE and the USGS becomes even starker. According to the USGS—which is hardly a Chicken Little when it comes to reserve predictions—there is a 95 percent probability that Iraq has at least 14 bbl, a 50 percent probability that it has at least 45 bbl, but only a 5 percent probability that it has 84 bbl of undiscovered reserves. This means that the probability that Iraq has 200 bbl or 300 bbl, as so many of the reports have suggested, is, according to USGS calculations, close to nil.
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    • Post n°43

    Parliamentary economy reveal about the benefits of selling foreign currency at the central bank auct - Page 5 Empty Re: Parliamentary economy reveal about the benefits of selling foreign currency at the central bank auct

    Post by fonz1951 Mon 04 Jan 2016, 8:53 pm

    A Look at the Crude Wealth of Iraq
     
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    Wealth in the world is shifting toward the owners of crude oil making every Iraqi a present value millionaire.  Over the coming decades, total world energy consumption will double.  Energy prices and the energy share of national income will increase.  Monopoly profits will go to the owners of oil.  
    [size=21]The Arab Gulf has 65% of the world’s proven oil reserves and Iraq 12%.  Oil in the ground is money in the bank making Iraq wealthy.  Iraq can produce 2 billion barrels per year that would produce $200 billion at $100 per barrel or $8000 per capita for the population of 24 million.  Selling one quarter of its potential reserves at an average price of $100 for the next 20 years will generate 90 billion x $100 = $9 trillion.  If the population of Iraq grows to 30 million that would be $300,000 per capita for 20 years or $15,000 annual income per capita.  Productive capital assets are $60,000 per capita in the US, and $5,000 in the entire world.  If Iraq invests only a quarter of its oil revenue for the next 20 years, it would match current US productive assets per capita.  
    The total value of Iraq potential oil reserves at an average profit of $75 per barrel over next 100 years is 360 billion x $75 = $27 trillion or $900,000 per capita, making every Iraqi a millionaire.  These calculations do not include natural gas revenue, lately about equal to oil revenue.  Most of Iraq has not been explored for gas or oil.  Similar calculations for the Arab Gulf region amount to $7,500 trillion or a quarter of the present total capital assets in world. read the last paragraph[/size]
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    • Post n°44

    Parliamentary economy reveal about the benefits of selling foreign currency at the central bank auct - Page 5 Empty Re: Parliamentary economy reveal about the benefits of selling foreign currency at the central bank auct

    Post by duck2000 Mon 04 Jan 2016, 8:59 pm

    fonz1951 wrote:
    duck2000 wrote:
    fonz1951 wrote:
    duck2000 wrote:just because some oil offical company hasn't gone in doesn't mean its not verifable!

    And al-Shahristani hinted that there may be even more oil, with 'other areas to be explored that are expected to add' even more to the reserve total,    this sentence is from the article directly above your post. "to be explored" that is exactly what i said, that all of iraq has not been explored for oil. i know what you're saying. but you stated that all of iraq had been explored.
    amd one more time it has ALLLLLLLLLLLLLLLLL been explored! fact
    When it comes to assessing Iraq's undiscovered reserves, the differences between the DOE and the USGS becomes even starker. According to the USGS—which is hardly a Chicken Little when it comes to reserve predictions—there is a 95 percent probability that Iraq has at least 14 bbl, a 50 percent probability that it has at least 45 bbl, but only a 5 percent probability that it has 84 bbl of undiscovered reserves. This means that the probability that Iraq has 200 bbl or 300 bbl, as so many of the reports have suggested, is, according to USGS calculations, close to nil.
    Iraq has 200 bbl or 300 bbl, as so many of the reports have suggested, is, according to USGS calculations, close to nil.





    LOL USGS geological lol they have never been there at alllll!
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    • Post n°45

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    Post by duck2000 Mon 04 Jan 2016, 9:00 pm

    same folks cant even tell when or where we get earth quakes?
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    • Post n°46

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    Post by duck2000 Mon 04 Jan 2016, 9:00 pm

    till after da FACT?
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    • Post n°47

    Parliamentary economy reveal about the benefits of selling foreign currency at the central bank auct - Page 5 Empty Re: Parliamentary economy reveal about the benefits of selling foreign currency at the central bank auct

    Post by duck2000 Mon 04 Jan 2016, 9:08 pm

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    if you look at der references they don't list them selfs no
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    • Post n°48

    Parliamentary economy reveal about the benefits of selling foreign currency at the central bank auct - Page 5 Empty Re: Parliamentary economy reveal about the benefits of selling foreign currency at the central bank auct

    Post by fonz1951 Mon 04 Jan 2016, 9:28 pm

    duck2000 wrote:[You must be registered and logged in to see this link.]

    if you look at der references they don't list them selfs no

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    Iraq 90 pct unexplored for oil, 60 pct of reserves in undeveloped fields - IEA 


    PARIS (AFX) - Only 10 pct of Iraq has been explored for oil and 60 pct of proven reserves are in undeveloped fields, the International Energy Agency said in a report that assessed the opportunities for development in the country. 

    However, ongoing security concerns, corruption, sabotage and political uncertainty make a government output target of 4.0 mln barrels per day by 2010 'appear optimistic', the agency warned. 

    The comments were contained in a report on the medium-term outlook for the oil industry which included a section on the Iraqi industry. 

    The IEA said its forecast for Iraqi production capacity for the five years to 2011 was an average 2.5 mln barrels per day, only slightly higher than current levels of 2.0 mbd and below the government target of 4.0 mbd.
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    • Post n°49

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    Post by duck2000 Tue 05 Jan 2016, 6:00 am

    yes forbes the folks who say the Iraq dinar is a scam hmm..
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    • Post n°50

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    Post by duck2000 Tue 05 Jan 2016, 6:02 am

    [*]

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    [You must be registered and logged in to see this link.]/.../30/you-cant-fix-stupid-the-iraqi-dinar-scam-lives[url=https://www.bing.com/search?q=fobes+says+dinar+a+scam&form=EDGEAR&qs=PF&cvid=5d06814c59e74fcda3914783df4c13ea&pq=fobes says dinar a scam#][/url]
    Jul 30, 2012 · Video embedded · In the words of popular comedian Ron White, ... false
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    [You must be registered and logged in to see this link.]/.../2011/07/27/is-the-iraqi-dinar-worthless-paper-or...[url=https://www.bing.com/search?q=fobes+says+dinar+a+scam&form=EDGEAR&qs=PF&cvid=5d06814c59e74fcda3914783df4c13ea&pq=fobes says dinar a scam#][/url]
    Jul 27, 2011 · ... paying for part or all of the Iraq war by collecting taxes from the revaluation of the dinar? If this scheme has any resemblance of reality, ...
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