.More News, Rumors and Opinions Late Friday Afternoon 5-26-17

5/26/2017


 
 KTFA:

SlappySquirrel:  I feel like we are past the studies of the monetary reform more or less just waiting for a rate change at the CBI.

Whatever:  I tend to agree, they've been given an emphatic demand by the Word Bank and IMF as well..All we can do is sit out the long weekend and pray this ride is going to end and the poor suffering people of Iraq will be given relief as well.

SlappySquirrel:   The return of the displaced...Done

Complete border security....Done

Mosul "handed" over to local police..Done

Dodd/Frank ironed out for GO contracts oil/gas...Done

MCP GONE...Done

Article 8... Done

LD's distributed to banks...Done

CBI rate change....???
....



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DELTA:  Banking expert: Government implement the economic reform program in cooperation with the International Monetary Fund

Khalk: Salah Baban ,

an economist stressed that the Iraqi government developed in 2017 , a plan consistent with the emergency conditions experienced by Iraq because of the sharp fall in global oil prices by 70% compared with the beginning of the year 2014, noting that the plan took into account the non - oil resources available in Iraq during this year, stressing that the plan developed in cooperation with the IMF in a program of economic and financial reform in 2017

, said an expert in the financial and banking adviser to the Iraqi Association of private banks Samir Nasiri Affairs in a statement to the media network Khalk, on Wednesday, that the government of Iraq E Despite the economic conditions critical, it succeeded in developing a court economic plan this year to cope with the economic crisis experienced by Iraq, especially after falling oil prices to the unexpected level by an estimated 70% from the beginning of the year 2014, stressing that the IMF has contributed to the development of the economic plan for Iraq to cope with the current crisis, especially with regard to economic and financial reform program for the current year.

Nasiri pointed out that the recovery of the Iraqi economy indicators began to appear after the relative rise in global oil prices during the period from the beginning of the current year to the day, especially during the current month, adding that oil prices began to rise this month after the implementation of the OPEC agreement to cut production and reduce supply in the market oil in the world.

He added that this agreement has led to a relative recovery in the Iraqi dinar in the light of the prudent monetary policy followed by the Central Bank of Iraq in the development of new applications in line with its strategy for the years of "2016_ 2020 mechanisms , " explaining that this strategy perfectly in line with the economic and financial reform program was agreed upon with the international Monetary Fund and in particular the first and second , which took place between the Iraqi delegation and the delegation of the World Bank in Washington for review.

He explained that these results give us the recovery of the Iraqi economy and Iraq a positive sign will come out of its crisis at the end of the year after the completion of the war against Daesh, and the government 's attention and orientation towards what has been planned during the first half of the current year.

http://www.xelk.org/ar/detailnews.aspx?jimare=6406&babet=aburi&relat=5187

DELTA (wink)

LoneStarCowboy:  ~~Step right up folks, we have a winner~~ 
I love that word "implement".
And now......we are on like Donkey Kong!
May we now find grace while the economic reform unfolds!
Thanks Delta for this 24 karat gold nugget!    LSC

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Iobey77:  DELTA!!! Now if only the CBI will just DO IT!!!   IMO, The end of the year is NOW!!!
 
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Aggiedad77:  Here's my IMO of this economist and what he's trying to get across.....several points actually......1st.  Since 2014 Iraq has fallen into an abyss with the falling oil prices and how it's come to light that Maliki and other corrupt politicians and goons have robbed this country literally of almost all their money.......they have yet not taken a down and out attitude.....

I continue to applaud PM Abadi who has had to stand in the face of a hailstorm of opposition, not only from within his own country, but also from certain world leaders on the outside as well.....no easy task for him to stand up in a den of thieves and say we will have integrity and honesty and we will deal with corruption and terrorism at every level, doesn't matter if it is political, religious, or sectarian, we will oust the ones who have perpetrated these injustices against the Iraqi people.....

And here they stand with the approval of the IMF for their efforts....with the approval and help of the WB for their efforts.....this has been no easy task by any stretch of anyone's imagination......but get ready world....because this economic scholar and others like him including the HUGE CHEERLEADER Dr. Saleh, Abadi's right hand man are trying to let the world know......"YOU AIN'T SEEN NOTHING YET".......

How many more ways can they tell us.....it's coming.....get your boots on for the ride you've been looking for......not next year.....but now....as in the NOW....it's coming.....the BEST is coming....in so many ways.....all said IMHO.....whew I got a little excited putting all that into writing.....I better sit down for a bit....wait I am.   Aloha   Randy

Apmcrx:  He added that this agreement led to a relative recovery in the Iraqi dinar in the light of the prudent monetary policy followed by the Central Bank of Iraq in the development of new mechanisms and applications consistent with the strategy for the years of "2016_ 2020," explaining that this strategy is fully consistent with the program of economic and financial reform, Agreed with the International Monetary Fund and in particular for the first and second review between the Iraqi delegation and the delegation of the World Bank in Washington.

Imo this is saying... 

55 mph speed strictly enforced...Men working.
Then full max speed...
Don't believe me?!?!?!.... just watch!   (Bruno Mars)  lol

SlappySquirrel:   Imo..its saying GO (gas and oil)!!! it also says because of these oil deals the past weekend it "HAS LED to a relative recovery" <<--- past tense  (already happened) in the Iraqi Dinar. The OPEC deals were needed to help drive up the value of the Dinar and the price of oil can be used as a barometer per CC notes..
I'm pretty sure it's saying GO BABY GO!!!     as fast as the price of oil will allow!!!

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TNT:

PsychicGrama:  I received a call from​ my friend Saif who just moved back to Iraq with​ his family to run a security business. I asked him what if anything he has heard over there. He said a lot of confusion because so many conflicting stories being told. There have been a lot asking about RV related issues. The general consensus​ is nothing is going to happen until sometime after Ramadan. Apparently a lot of confusion on the political front.  Goes to show, they don't know any more over there than we do here.

Freeway2:  yada - Did the IMF give any time frame

Yada:  freeway, it was stated in mid April to have it done by then by the WB, IMF, and US,,,they agreed with Abidi to give them unil the first few weeks of May and it was agreed for the security factor,,,while everyone was looking at Mosul, the monetary reforms were initiated hence the expectation to look for the lower denom, adjust prices with the item in Iraq,,we saw on the left hand the Mosul secured and on the right hand,,,about to release the rates

No reason to start looking at Ramadan as a time where nothing will get done because they still work and the WB and IMF are not limited with Ramadan so we still should expect it now,,,,,no law or reforms have to be voted and not waiting on the IMF on the national scene to do anything to release the dinar,,it is all done,,

CharlieOk:  How can Iraq be doing business with contractors and inviting international companies to come into Iraq and do business with 1185 dinars; and, be under the thumb of IMF and UN? Doesn't make sense and I don't buy it. I believe Iraq has revalued their currency and is playing ball with a limited number of businesses and countries with revalued dinar.

Yada: thank you Charlie,,,the contractors,,,we had someone come in about 10 days ago confirming they were being paid

CharlieOk:   It's frustrating; but it just ain't our turn yet. I'm with you yada - I think we have a shot fairly soon.

Yada:  do believe that even after we have exchnged,,many who exchnged will still not know what took place,,all they will know is they went to the bank when the time was right and thats the fact Jack,,


Currency 365: Jubouri " Cancel Deputies Privileges and Activating Termination Membership" https://youtu.be/6xFaQ7hddk4

Delta Clarifies Article: "Banking Expert: Gov. Implement the ER Program in Cooperation with the IMF"

5/26/2017


 
KTFA:

RE: Article:  Banking expert: Government implement the economic reform program in cooperation with the International Monetary Fund  (posted below)

MexSal: OK so this was highlighted.
 
Iraqi economy and Iraq a positive sign will come out of its crisis at the end of the year after the completion of the war against Daesh, and the government 's attention and orientation towards what has been planned during the first half of the current year.

So is this economist telling us this is being kicked to the end of the year.

I appreciate the article but as far as economist talk I had enough. Until there's someone of importance like Allak or Abadi saying that I won't feel bad or good. 
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DELTA: BASE ON THIS ARTICLE IT SHOULD BE DONE BY THE FIRST HALF OF 2017...KEEP IN MIND THAT WILL NOT HELP IRAQ RIGHT AWAY ( IT WILL HELPS US RIGHT AWAY..LOL) IT WILL TAKE THEM UNTIL END OF THE YEAR TO SEE A GOOD OUT COME.

TPNoble:  The first half of 2017 , that's more like it! Thank you for clarification DELTA.

Aggiedad77:  Let me try and lead you in yet another look at this stupendous article that DELTA has shared with us......this I believe is the same economist we heard Frank speak of recently and he spoke highly of this man's regard with Abadi and his government....the ones who are truly trying to make changes happen within Iraq......they are saying....."

this strategy perfectly in line with the economic and financial reform program was agreed upon with the international Monetary Fund......

So their work is aligning with expectations of the IMF....on both fronts....Economic and Financial Reform....or in other words their Monetary Reform......yes go ahead and jump up and down with joy.....they are working these reforms as they were expected to do so.....as they told the IMF they would be doing......and then......

the government 's attention and orientation towards what has been planned during the first half of the current year..........

To get ANY program from here to there.....from point A to point B to point C you have get things done in advance.....so you and others can see your improvement.......IMO get ready for them to finalize a couple of important issues that they have been working with utmost diligence since the beginning of this year......the war on DAASH....AND....their Economic and Financial Reforms.....et al the Monetary Reform......culmination......who knows when, we don't give dates here......but look at all that has been shared with you, don't be dumping your notes in the toilet just because you see in one article a mention of "next year".........

Put your thinking cap on......even if they RV'ed right now this second.....they as a country....Iraq......will not immediately begin to reap any benefits from the action......it will take time.....just as it has taken them time to go from what they agreed upon with the IMF/WB way back when until now....seeing the tree start to finally bear fruit worth picking......
The same holds true going forward......what they do as a result of today's efforts in Mosul.....as a result of today's efforts in the GOI.....today's efforts in the CBI.......you won't see the long term effects in the blink of an eye.....

Sure we may see the RV.....and sure that can definitely benefit us in a hurry.....but for Iraq as a country....they don't care about us as investors....they care about their people....about the long term safety and security and stability of their nation and people.....that is what this article IMO is talking about.....

It is evolving....it's the very LAVA FLOW that Frank has spoken of for years......nothing will stop it.....don't get in its way.....it flows mightily....and I am excited by all we see of it.....today, yesterday, last week, last month, even last year......oh buddy what is coming is pure excitement in my book.....all IMO.   Aloha   Randy

Frank26:   ON TARGET ........................ GREAT JOB ON THIS ARTICLE !!!  LAVA FLOW is magma hot.




DELTA: Banking expert: Government implement the economic reform program in cooperation with the International Monetary Fund

Khalk: Salah Baban ,

an economist stressed that the Iraqi government developed in 2017 , a plan consistent with the emergency conditions experienced by Iraq because of the sharp fall in global oil prices by 70% compared with the beginning of the year 2014, noting that the plan took into account the non - oil resources available in Iraq during this year, stressing that the plan developed in cooperation with the IMF in a program of economic and financial reform in 2017

, said an expert in the financial and banking adviser to the Iraqi Association of private banks Samir Nasiri Affairs in a statement to the media network Khalk, on Wednesday, that the government of Iraq E Despite the economic conditions critical, it succeeded in developing a court economic plan this year to cope with the economic crisis experienced by Iraq, especially after falling oil prices to the unexpected level by an estimated 70% from the beginning of the year 2014, stressing that the IMF has contributed to the development of the economic plan for Iraq to cope with the current crisis, especially with regard to economic and financial reform program for the current year.

Nasiri pointed out that the recovery of the Iraqi economy indicators began to appear after the relative rise in global oil prices during the period from the beginning of the current year to the day, especially during the current month, adding that oil prices began to rise this month after the implementation of the OPEC agreement to cut production and reduce supply in the market oil in the world.

He added that this agreement has led to a relative recovery in the Iraqi dinar in the light of the prudent monetary policy followed by the Central Bank of Iraq in the development of new applications in line with its strategy for the years of "2016_ 2020 mechanisms , " explaining that this strategy perfectly in line with the economic and financial reform program was agreed upon with the international Monetary Fund and in particular the first and second , which took place between the Iraqi delegation and the delegation of the World Bank in Washington for review.

He explained that these results give us the recovery of the Iraqi economy and Iraq a positive sign will come out of its crisis at the end of the year after the completion of the war against Daesh, and the government 's attention and orientation towards what has been planned during the first half of the current year.

http://www.xelk.org/ar/detailnews.aspx?jimare=6406&babet=aburi&relat=5187