Frank, Delta, Walkingstick and more Late Friday PM 8-9-19

8/10/2019


 
KTFA:

WalkingStick:  FTTI:  Keep, in mind... most, of the news now..regarding, their currency reform... Is geared,toward... the Iraqis themselves....

We, may not read and or hear, of.. but... because you may or may not read of  ..does not mean, they are not moving forward... they are well beyond what you now read....

They have,  in fact ..completed , all necessary line items to enact/ implement their RD/ RV/ RI...Regards... ws

DELTA:  FRANKIE FROM CBI WEBSITE.....3,543,867,809,000 DINARS ADDED SINCE 2017....... Currency issued……..WILL REPLACE THE CURRENT ISSUED..... 44,236,653,559,000 DINARS
....



Pdids:  CAN SOME ONE HELP OUT HERE AND EXPLAIN AS TO WHY DELTA'S LAST POST #50,  IS SO RELEVANT AND EXCITING BY OTHERS ?  THANK YOU FOR ANY WHO KNOW THE CORRECT ANSWER AND CAN EXPLAIN!

Edna:  IMO...I appreciate this news because it speaks of the Note Count Reduction; From 44 T to 3 Trillion..why? because the New Currency will have more value hence no need to have so much of it in the economy. Secondly, smaller note count contributes inflation control measures to keep prices stable...IMO

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Frank26: Glitch My Donkey

Published on Aug 9, 2019

https://youtu.be/X64SQ62fW3o?t=1



Samson:  Parliamentary Finance: The next budget will be the highest in history spending and deficit

10th August, 2019

Revealed the parliamentary Finance Committee, on Saturday, details of the budget next year and the amounts allocated to it, noting that preliminary estimates indicate that it will be about 150 trillion dinars, the highest in the history of Iraq and a deficit of 72 trillion dinars. 

A member of the Committee Ahmed Hama in a statement to the information that "the discussions on the budget is still ongoing, but the features of the budget as a draft law is to be about 150 trillion dinars."  He added, "The amount allocated within the budget next year will be the highest in the history of Iraq's budgets by 150 trillion dinars, but the deficit will be about 72 trillion dinars."

Hama explained that "Parliament is moving towards reducing spending and reducing the budget deficit and not to rely on external debt as it is this year, in addition to the budget's dependence on investment and multiple sources of income instead of relying on the sale of oil and an estimate close to the budget next year."    LINK


Samson:  The relationship scores a + B rating

10th August 2019   Extra article

Governor of the Central Bank of Iraq, Ali al-Alaq, in the classification of the magazine Global Finance, to the rank of B + after it was last year in the rank B came as a result of controlling inflation and anti-money laundering and the financing of terrorism and currency stability and interest rates management and monetary policy management wisely

The Governor of the Central Bank of Iraq, Ali Alaq, won on June 28, 2018, as the best governor in the Arab world by the Union of Arab Banks during a ceremony held in the city of Paris, after the achievements made at the local and international level in several areas, most notably maintaining Exchange and close the gap between the official price and the market price as well as the significant development in the payment system and electronic payment systems

Global Finance, which ranked B + with 13 portfolios from several countries including Norway and Singapore, outpaced the governors of several countries including China, India and Japan

"Central bankers are facing great pressure to maintain their independence as a result of political instability in the world," said Joseph Giarabuto, managing editor of Global Finance
He said conservatives, who had a good rating, had led their countries in difficult times and had shown stable leadership

Al-Allaq was elected Vice-Chairman of the Board of Governors of the Arab Monetary Fund for the current session, and will be its chairman in the next session     LINK

David12001:   In the picture you can see Western Union, Master Card, International Islamic Bank, wow what a background.IMOO per this FANTASTIC picture


Samson:  Global Finance puts the relationship among the world's best governors for 2019

10th August 2019

In its 2019 report, Global Finance magazine ranked Governor of the Central Bank of Iraq (CBI), Ali Mohsen Al-Alak, in the B + rank among the best governors of 94 banks in the world, down from B in 2018 and ranks 30th. 

The classification in 2019 represents a very advanced rank and this is a new global assessment of the outstanding efforts made in the management of the Central Bank of Iraq and achieve structural, structural and technical developments in the banking sector and contribute effectively in the development and implementation of policies and procedures for the application of monetary policy and overcome its challenges in the darkest economic and security conditions that Iraq suffered

Founded in 1987, Global Finance Magazine is headquartered in the United States and is distributed in 193 countries

Its 2019 assessment of the “World Bank Governors” rating

" The assessment was based on the Board of Governors of the central banks in the face of storms and challenges facing their country's economy as a result of political and security unrest and who struggled to stabilize their country's economy", and that "the report category of Governors of the central banks ranked A rank F This confirm the governor of the Iraqi Central Bank occupies Advanced rank

With central bankers who have managed to counter inflation, stabilize the currency, manage interest rates as well as achieve economic growth targets

It is worth mentioning that Mr. Al-Alak was awarded the Best Arab Central Bank Governor Award 2018 at a ceremony held by the Union of Arab Banks in Paris last year

He also won the trust of the Arab Monetary Fund's governors in its last session in the State of Kuwait and was elected Deputy Chairman of the Fund and Chairman of the next session

All this is an affirmation of the good international reputation that the Central Bank has been able to embody through its great efforts to restore confidence in the financial sector and international banking transactions with Arab and foreign banks and correspondent banks

So we congratulate the Governor of the Central Bank and all the staff of the Bank and to the Iraqi banking sector this new international assessment    LINK