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  "Banks Becoming Banks" - Mon. PM KTFA Thoughts/News/CC Notes 9/24/18

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Ssmith
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PostSubject: "Banks Becoming Banks" - Mon. PM KTFA Thoughts/News/CC Notes 9/24/18   Tue Sep 25, 2018 8:19 am

KTFA

Don961 » September 24th, 2018


1 week ago ... in the news ..

Money News

Central Bank: We plan to restructure the Iraqi currency

Updated 17/09/2018 1:22 pm

Baghdad / Dinar / .. Revealed the central bank governor on the existence of a future plan to restructure the Iraqi currency, including the deletion of zeros, while noting that the bank currently defends the issue of the currency of the category of 100 thousand dinars.

The governor of the Central Bank Ali Al-Alak in an interview with the newspaper Al-Sabah and looked at by the agency, "Dinar / Economic: The idea of ​​putting the currency of the category of 100 thousand dinars traded by the Central Bank, but at the moment to delay them, indicating that there is a tendency in some countries to reduce the currency categories so as not to To be stored or falsified. "

​He added that the currencies with small categories, may lead the citizen to bid farewell to banks for the difficulty of storage, "revealing that" the central bank has a future plan to restructure the Iraqi currency, including the deletion of zeros, but this plan needs to deliberate steps, and a stable situation fully so as not to Exploiting this in acts of forgery and others. " End quote 22 / link

2Cents » September 24th, 2018

Not one to walk by IMO!!!! Put it with the WS comments recently made 10 --> 9........

Samson » September 24th, 2018

Al-Nusseiri: Central Bank Governor stresses the need to activate the SME initiative


24th September, 2018

The governor of the Central Bank of Iraq, on Monday, the need to activate the initiative of the Central Bank of Iraq to finance small and medium enterprises, which aims to revitalize the economic cycle in the country

The banking adviser to the Association of Iraqi private banks, Samir Nusairi said in an interview with "Economy News", "The Governor of the Central Bank addressed during the regular meeting with banks on the need to activate the initiative to finance small and medium projects, which aims to revitalize the economic cycle of the country, Governmental and private development

He added that "the Central Bank called for a meeting on Thursday, 27/9/2018 at the headquarters of the Central Bank to discuss ways to activate loans to finance small and medium-sized projects in light of the experience of banks in lending and reconsider the interest rates adopted and motivated by the increase in the number of loans granted to these projects

He pointed out that "banks call for giving flexibility in the identification of sectors and projects and reconsider some of the conditions and instructions governing the mechanisms of lending LINK

GodsServant » September 24th, 2018

Banks becoming Banks IMO, no relying on Auctions

Don961 » September 24th, 2018

Two tasks remain after the completion of the first task: the formation of the new government in Iraq

On 15 September, members of the Iraqi Chamber of Deputies made secret ballot for the election of a new speaker and two deputies. The former Sunni politician and governor of Anbar, Mohamed Halboussi, won 169 votes out of 298, beating his well-known rival, former defense minister Khaled al-Obeidi.

Following this vote, the Iraqi constitutional clock began to move before the 90-day deadline for forming the next government ended.

The House of Representatives must now elect a president by the end of September. Then the new president calls the largest parliamentary bloc to nominate the prime minister and form a government. All of these steps must be completed by mid-November if things go as planned, but different complications are already emerging. link

Iobey777 » September 24th, 2018

I don't know, but I think I recall Walkingstick saying we don't need to wait for that to see the RI/RV..IMO..Praying I am remembering right!

Excerpts from CC notes from 8/28, "

I NOW THE US WANTS THIS VERY BADLY!........."Frank, when you said that the GOI has nothing to do with the CBI reinstatement that is not accurate. You see Frank, it is highly political! The Iraqi's must have faith in their government, before they can be expected to have faith in their currency. It is the Parliament that is not needed. I said they already have seated the GOI. The outcome is already known. Simply not necessary."

THE US IS TAKING CARE OF ABADI!...." "SO WS, THE PARING..THEN THE FURTHER LINK..SHOWING 127 COUNTRIES PARING TO THE IRAQI DINAR.........."

FRANK..IN A MATTER OF SPEAKING..THIS INTRODUCING OF THE IQD IS BEING DONE FOR THE GLOBAL MARKETS.............

THERE'S A REASON!!...........

DELTA..BROUGHT YOU LIVE UPDATES.........

THE OTHER 100 THAT I BROUGHT YOU DO NOT SHOW LIVE UPDATE...........

I BELIEVE THEY ARE POSITIONING RIGHT NOW...........

IT'S NOT VOLATILE RIGHT NOW...........

FRANK..IF THERE WAS NOT REASON FOR THIS PARING ON WED..THEN WHY DID THEY DO IT?.............

"LET ME TELL YOU SOMETHING............

THE CENTRAL BANKS AROUND THE WORLD...........

WOULD KNOW VERY WELL BY LOOKING AT THIS PARING.......

IMO..IT IS TO IN INTRODUCE THE IQD"............

"IMO..THIS SHOT ACROSS THE BOUGH IS A WAKE UP CALL TO THE WORLD THAT THE RI IS ABOUT TO HAPPEN!"...........

I WANT YOU TO KNOW THAT ALAK WAS JUST RECENTLY RECOGNIZED FRANK AS A TOP CBI GOV...........

WHY? BECAUSE HE DOES WHAT HE IS TOLD...........

IT ALSO BRINGS THE CBI AND THEIR GOV'T TO THE FOREFRONT..........

AND THOSE THAT SEE IT AND KNOW IT AND UNDERSTAND IT ARE NOT CONFUSED AND ASK THE KIND OF ?'S YOU ARE'.............

ARE WE STILL ON HIGH ALERT?..............

YES!!!

AND ALL THE BANKS ARE STILL LOOKING FOR IT?............

YOUR FIRM HAS SIX BANKS, RIGHT?............

AND 2 IN JORDAN? ARE THOSE BANKS LOOKING FOR IT TOO?..........

YES, AND IMO, FRANK, ALL THE BANKS IN THE WORLD!!!!!!!"

Now, IMO, that should be enough! I have not heard anything that has changed!!!!! I still stand with what has been given until I hear something different! I look forward to the CC
tonight !

Don961 » September 24th, 2018

Coalition of victory: Abadi is still the favorite for a new term ... Going to "Al-Zora": More than 10 candidates for the post of prime minister and terms of reference does not apply to one of them

September 23, 2018 7:59 PMAuthor: alzawraapaper

MP from the coalition Raed Fahmi

Al-Zawra / Yousef Salman:

With the validity of constitutional time to form a new cabinet, negotiations are still nominating the candidate for the presidency of the next government tops the agenda of the meetings of the political blocs that seek to complete their alliances by agreeing to choose a candidate for prime minister in accordance with the directives of religious reference.

The coalition bloc said that the political blocs agreed to give way to the Prime Minister in charge of the selection of new ministers in the formation of the next government.

The MP for the coalition Raed Fahmy, "Zora" that "the mechanism agreed to choose the person of the next prime minister not to belong to A certain political bloc, and has the degree of independence and be an acceptable personality from a wide spectrum in which there are specifications of competence and integrity and the ability to manage a ministerial team consistent, "noting that" the new candidate will leave him the freedom to choose ministers, and also supports politically within the parliament in the implementation of the government program

Adding that "there are more than ten names used to nominate for the post of prime minister, but the criteria raised by the reference does not apply to one of the candidates currently," noting that "the criteria for the selection of new ministers provides that the blocs submit their proposals for the nomination of ministers, "

This comes with the confirmation of the victory coalition, that the naming of the largest bloc will be decided upon the election of the candidate for the post of President of the Republic, noting that the current Prime Minister Haider Abadi is still the best candidate for a new term.

MP Nada Shaker said Jawdat said in a press statement that "the bloc of reform has become the largest bloc constitutionally and the number of its members to 195 deputies after the accession of a number of political forces to it, which includes the signatures of leaders of winning lists as stipulated by the Federal Court," adding that "negotiations with the Kurds have gone a long way

However, it will be decided to join the largest bloc after the election of the President of the Republic and the selection of the new candidate for the post, "indicating that" the largest bloc was formally formed the bloc of reform and reconstruction, and is still open dialogue with other political blocs to join us. "

She added that" did not "The remarks of some political parties against the second term of the slaves come within the political competition, and Abadi is still the most likely prime minister, during the next phase," she said. That "the chances of the other names of the dilapidated prime minister is very low in office, but Abadi his chances are very large." link

New collapse of the Iranian currency against foreign currencies

Twilight News

3 hours ago

The Iranian riyal reported on Monday an unprecedented collapse in Tehran's free market with a maximum of 160,000 Iranian riyals, according to websites that monitor banking prices in Iran.

"The price of one dollar reached the market of Tehran 160 thousand riyals after the morning was 156 thousand Iranian riyals," noting that "this collapse affected the price of coins and gold."

In a related context, said the Iranian student news agency, "The price of the dollar was traded on Monday morning, 155 thousand Iranian riyals; after yesterday was 149 thousand riyals."

The exchange rate was 183 thousand riyals, after the circulation of 175,000 riyals in the morning, and the price of the pound sterling 204 thousand Iranian riyals, according to the Iranian agency.

The price of the 18-carat gold item, known as the Skah, was 47 million riyals, the official IRNA news agency reported.

"The total demand has made the currency today witnessing an unprecedented collapse, and for the first time the price of the gold piece is 47 million riyals," said Mohammad Kashti Arai, a member of the board of directors of the Federation of Gold and Jewelery in Tehran. The main reason for this increase is the exchange rate. "

"The fact that we all attribute this increase to traders is not true. It should be noted that the economy depends on a set of equations. These equations say that the value of the riyal against other currencies is not in line with demand, and the gap caused by the collapse of the local currency, Currencies ". link
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