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Kaperoni says There's 3-4 banking conferences from April to May.
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Kaperoni says There's 3-4 banking conferences from April to May.
Kaperoni
Article: "Baghdad embraces a global financial conference next month" Quote: "Iraq is in dire need to reduce the gap between the Iraqi and international banks, and after the association adopted a training program periodically targeting workers in banks , public and private sectors , and managed to create efficiencies able to advanced systems management, pointing that banking technology conference complements these efforts."
That's 3-4 banking conferences from April to May.
04.27.2017
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Article: "Central Bank: No distinction between foreign and Iraqi banks and currency auction" Quote: "...the existence of discrimination to deal for the Central Bank of Iraq between banks operating in Iraq, whether foreign or Iraqi, but on the basis of classification because they are part of the Iraqi banking system."
This is an important statement for the CBI to make... this is a requirement of Article VIII (and it has been referred to several times in the consultations) to not only liberalize the foreign exchange, but make it available at any and all banks.
A good step to show the IMF the CBI is trying to comply.
04.26.2017
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Article: "The Cabinet announces the restructuring of the General Company for Central Markets" I believe the General Company for Central Markets is a state run organization that functions in several different markets to facilitate commerce since there is no private sector currently functional.
The fact that the CoM is discussing this is good...hopefully they are talking about dissolving this with the activation of the market economy.
Article: "World Bank of Iraq: Economic reforms need to get to the head of an integrated financial system" Quote: "...the World Bank representatives have indicated that economic reforms represent the need to get to the head of an integrated system for the management of the financial operation of the state at the federal and local level."
I have stated it over and over, you cannot have a market economy without the banking system first opening to the world so investors may get profits out.
That requires the CBI to get in compliance, move to Article VIII and get the dinar off the peg.
As a result, investors will bring money to Iraq through the CBI's capital account which will allow the CBI to raise the value to offset inflationary pressure created in the economy.
First and foremost, the banking system must be activated.
Good to see the IMF and WB telling Iraq to get going.
04.25.2017
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Article: "Mosul: the start of the largest transactions of stability since World War II" Quote: "The United Nations announced the start of operations of the implementation of 202 projects to speed up the stability of Mosul in one of the largest initiatives of stability since World War II."
...this is the primer to start the market economy.
4-21-2017
Last edited by Ponee on Thu Apr 27, 2017 9:52 pm; edited 6 times in total
Ponee- Admin
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Re: Kaperoni says There's 3-4 banking conferences from April to May.
Talk about RV glasses! Mosul is where the biggest battle with ISIS is taking place. I don't think they're referring to market stability. I think they're talking about a joint military venture to root out ISIS and bring some sense of normalcy to the area. Sure, that will help the economy, but it's not referring to the economy.
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