Monthly Archives: May 2015


Iraqi bank says he coordinated with the International Monetary Fund

Iraqi bank says he coordinated with the International Monetary Fund for the development of the banking business in the country Twilight News / Rafidain Bank announced, on Saturday, the existence of an ongoing bilateral cooperation with the International Monetary Fund…

Iraqi bank says he coordinated with the International Monetary Fund

Iraqi bank says he coordinated with the International Monetary Fund for the development of the banking business in the country Twilight News / Rafidain Bank announced, on Saturday, the existence of an ongoing bilateral cooperation with the International Monetary Fund…

MUST LAWS BE PASSED FOR COMPLETION OF MONETARY REFORM?

Sczin11: WE MUST GET THIS DONE, WE MUST DO THIS NOW!

WE WILL VOTE TOMORROW, WE WILL MEET AGAIN TODAY!

And, MUCH LIKE THE LAST YEAR, WITH THE BUDGETS….. IT NEVER HAPPENS….WELL….2015 BUDGET FINALLY DID TAKE PLACE, ALBEIT A FORMALITY

IMHO….SINCE THE FUNDING, IMPLEMENTING, AND ACTIVATION HAS YET TO BE SEEN….

ARE THESE LAWS A MERE FORMALITY, ONCE AGAIN?

IF SO, A FORMALITY FOR WHAT EVENT?

DO WE REALLY NEED LAWS PASSED FOR COMPLETION OF MONETARY REFORM?

THE LAWS, IMHO, ARE FOR GUIDANCE, ENTICEMENT, MARKETING STRATEGIES, AND UNIFICATION STRUCTURE….

NONE OF THE LAWS ARE DIRECTLY CONNECTED TO A SIGNIFICANT INCREASE IN THE EXCHANGE RATE OF THE NEW IRAQI DINAR…

NONE OF THEM WILL ADD PURCHASING POWER TO THE IMPORTERS…

NONE OF THEM WILL BUY MORE PRODUCT FOR THE CITIZEN, FOR LESS DINARS…

NONE OF THEM WILL ELIMINATE THE COMMISSIONS AND EXCHANGE FEES FOR CONVERSION OF DINAR TO OTHER FOREIGN CURRENCIES…

AND NONE OF THEM WILL INSTANTANEOUSLY MAKE THE IRAQI DINAR INTERNATIONALLY RECOGNIZED AND TRADABLE ON THE INTERNATIONAL MARKETS…

IMHO, NO AGENCY REQUIREMENT CAN ENFORCE LAW CHANGE … REQUIREMENTS ARE PRIMARILY PROTOCOLS…PROTOCOLS DO NOT NECESSARILY MEAN CHANGE IN LAWS…

WITH ALL THAT BEING SAID, IT IS MY SINCERE BELIEF THAT THE TIMING OF THEIR PLAN, HAS COME…IT HAS BEEN IN THE WORKS SINCE AROUND DAVOS MEETING IN JANUARY, WHEN ABADI STATED, “IRAQ IS OPEN FOR BUSINESS!”

THE CHANGES WE SEEK MUST BE ON THE DOORSTEP NOW, OR THE RHETORIC WE READ WOULD NOT BE VISIBLE…

YOU SEE IF THE CHANGES OCCUR BEFORE THE LAWS ARE IN PLACE, MANY OF THE BENEFITS WILL NOT BE REALIZED…

FOR EXAMPLE, INVESTORS NEEDING AND DESIRING THE CHANGES IN THE INVESTMENT LAWS, MIGHT STILL DELAY THEIR MONEY FROM ENTERING THE IRAQI MARKET, EVEN IF THE CURRENCY CHANGED…

BUT AGAIN, THAT DOES NOT MEAN WE CAN NOT SEE THE CHANGE FIRST…AS A MATTER OF FACT, CAN YOU IMAGINE THE PRESSURE IT WOULD PUT ON THE HOR, IF MR WAS COMPLETED, AND THE LAWS WERE NOT????

WE ARE STARTING TO SEE TALK ABOUT FUNDING THE PRIVATE SECTOR… DO YOU UNDERSTAND WHAT THIS ENTAILS, AND MORE IMPORTANT, WHAT IT MEANS!?????

LAST, HOW MUCH MORE PATIENCE WILL THE KURDS EXHIBIT….SALE OF OIL, AND ……. THE ESX!

THINK ABOUT IT…. Thank you.