OIL 101: ENERGY ECONOMICS
OIL 102: PEAK CHEAP OIL
OIL 103: SHALE OIL
OIL 104: ENERGY & THE ECONOMY
CENTRAL BANKING 101: COMING SOON
CENTRAL BANKING 102: COMING SOON
CENTRAL BANKING 103: COMING SOON
CENTRAL BANKING 104: COMING SOON
MONEY 101: MONEY CREATION
MONEY 102: MONEY AS DEBT
MONEY 103: COMING SOON
MONEY 104: COMING SOON

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  • ksdunlap's Avatar
    Today, 12:42 AM
    Good evening DS. I hope everyone enjoys a great Friday & weekend. Stay safe!
    844 replies | 49614 view(s)
  • ksdunlap's Avatar
    Yesterday, 07:56 AM
    ​Good morning DS. I hope everyone enjoys a wonderful & safe day.
    844 replies | 49614 view(s)
  • Bondlady2's Avatar
    844 replies | 49614 view(s)
  • Bondlady2's Avatar
    844 replies | 49614 view(s)
  • harry's Avatar
    12-12-2018, 09:14 AM
    Integrity: a prison sentence against the Minister of Finance and the director of the Rafidain Bank earlier12/12/2018 Revealed the Integrity Commission, on Wednesday, a prison sentence against the Minister of Finance and the director of the Rafidain Bank earlier, attributed the reason to damage the amount of 40 billion dinars. The Department of Investigation in the Authority in a statement received Alsumaria News, a copy of it that "the Criminal Court on the issues of integrity in Baghdad issued two sentences of imprisonment for seven years against the Minister of Finance and the director of the Rafidain Bank precedes, according to the provisions of Article 340 of the Penal Code and the meaning of the articles of participation 47 and 48 and 49 of it, "indicating that" this came after the agreement of convicted fugitives in 2012, and the joint with other defendants separated cases, causing intentional damage amounted to (40 billion,000) billion dinars with funds and the interests of the body where they were working, through violations committed from Before them ". Integrity: "They have granted a loan to one of the fertilizers production companies, despite the lack of economic feasibility of the project for which the loan was granted and the absence of real estate guarantees, despite the large amount of the loan. This led to the project being stopped and the loan was not paid," he said. , After reviewing the evidence obtained in the case, which is the statement of the legal representative of the Ministry of Finance who requested the complaint against the accused, in addition to the minutes of the investigative committee composed in the Office of the Inspector General of the Ministry of Finance, which recommended referral of the accused to the competent courts T that brought the court to the conclusion that the definitive and conclusive evidence obtained is sufficient and compelling convictions. " In the same context, the court itself issued late in October last two sentences of imprisonment for seven years against the owner of the fertilizer production company that obtained the loan and its Commissioner Commissioner, in accordance with the provisions of Article 444 / XI of the Penal Code and the meaning of Articles 47, 48 and 49 thereof, In order to cause them to cause damage to public money. The decisions issued against the four accused including issuing arrest warrants, investigating and carrying out the fundamental search of the convicts, supporting the seizure of their movable and immovable property, and granting the injured party the right to seek compensation before the civil courts after the judgments have been decided by the court. https://www.alsumaria.tv/news/254923/%D8%A7%D9%84%D9%86%D8%B2%D8%A7%D9%87%D8%A9-%D8%B5%D8%AF%D9%88%D8%B1-%D8%AD%D9%83%D9%85-%D8%A8%D8%A7%D9%84%D8%B3%D8%AC%D9%86-%D8%A8%D8%AD%D9%82-%D9%88%D8%B2%D9%8A%D8%B1-%D8%A7%D9%84%D9%85%D8%A7%D9%84%D9%8A%D8%A9-%D9%88%D9%85%D8%AF%D9%8A%D8%B1-%D9%85%D8%B5%D8%B1/ar
    0 replies | 63 view(s)
  • harry's Avatar
    12-12-2018, 09:02 AM
    The parliamentary economy reveals efforts to amend the investment law to increase opportunities 12/12/2018 The Committee on Economy and Investment parliamentary, on Wednesday, seeking to amend the investment law in the coming days to increase foreign investment, indicating that the current law is an oppressor for all investors. Nada Shaker Jodat, member of the committee, said: "The Parliamentary Committee on Economy and Investment is considering rewriting and amending the investment law and giving it economic flexibility away from bureaucracy." "The amendments to the law will grant the investor new concessions to encourage investment and pumping money in the Iraqi market, as well as the formation of a joint committee of all circles to give the investor leave without review dozens of competent departments." "The law will give the prime minister the power to contract directly with the investor or to form a higher authority capable of granting investors visas and banking facilities," Judd said. "The amendment of the investment law is an important point to eliminate unemployment and the return of industry and the private sector in Iraq and raise the market value of the Iraqi dinar in light of the inability of the government investment budget to make any development mentioned in all sectors," ss http://www.knoozmedia.com/369060/%D8%A7%D9%84%D8%A7%D9%82%D8%AA%D8%B5%D8%A7%D8%AF-%D8%A7%D9%84%D9%86%D9%8A%D8%A7%D8%A8%D9%8A%D8%A9-%D8%AA%D9%83%D8%B4%D9%81-%D8%B9%D9%86-%D9%85%D8%B3%D8%A7%D8%B9-%D9%84%D8%AA%D8%B9%D8%AF%D9%8A%D9%84/
    0 replies | 83 view(s)
  • harry's Avatar
    12-12-2018, 08:40 AM
    Iraqi talks to hold an investment forum in Baghdad 12/12/2018 The Minister of Commerce, Mohammed al-Ani, discussed Wednesday with Qatari Prime Minister and Interior Minister Abdullah bin Nasser bin Khalifa Al-Thani the possibility of holding an investment forum in Baghdad A statement on the website of the Ministry of Commerce, read by "Economy News", that "the Minister of Commerce, Dr. Mohammed Hashim Abdul Majid Al-Ani met with the Prime Minister of Qatar and Interior Minister Abdullah bin Nasser bin Khalifa Al-Thani," stressing the aspirations of the Iraqi side to " A Qatari Arab to invest in Baghdad through an invitation to provide businessmen and investors to see the Qatari investment opportunities in Iraq, including the Kurdistan region. Al-Ani said that "one of the priorities of the government program is to enter into real partnerships with the countries of the world, based on economic interests," stressing the importance of Iraq's accession to the Memorandum of Understanding on the facilitation of transport and transit traffic of economic and trade cooperation signed between the State of Qatar and the Republic of Turkey And Iran. "He added that "the issue of entry visas is one of the important topics that serve the process of investment and real economic partnership and is important to increase the volume of trade exchange, as this partnership requires more facilities and most important entry visas. "The Qatari prime minister stressed "the development of relations between the two countries and should be a real partnership between the private and public sectors in both countries and the desire to increase the volume of trade exchange. These meetings are the cornerstone of a new beginning, especially in the field of investment in various sectors." http://economy-news.net/content.php?id=14707
    0 replies | 65 view(s)
  • harry's Avatar
    12-12-2018, 08:26 AM
    good morning to all ds i pray that everyone will have a blessed day and enjoy its, thanks TUDOR we all are waiting for that day and maybe santa will have its for all of us.
    844 replies | 49614 view(s)
  • ksdunlap's Avatar
    12-12-2018, 07:29 AM
    ​Good morning DS. Tudor, Santa can fit anything into his his Santa sack. I BELIEVE !!!!! Isn't that what the boy says on the movie Polar Express lol. I hope everyone has a great day.
    844 replies | 49614 view(s)
  • tudor's Avatar
    12-11-2018, 09:47 PM
    Good evening everyone.. HARRY CONGRATS ON THE DEER! Knew you could get a good one! Bondlady2, sounds like your all fired up for a tasty Christmas. YUMMY! Wishing everyone a great rest of the week. Hard to believe Christmas is only 2 weeks away. Blessings to all. well Santa, you know what we are all wishing for, hope you can fit an RV in that Santa sack! ho ho ho
    844 replies | 49614 view(s)
  • harry's Avatar
    12-11-2018, 09:16 AM
    The Central Bank is prohibited from filling the position of the manager, his assistant or the shareholder of the withdrawn companies 12/11/2018 The Central Bank of Iraq (CBE) announced on Tuesday that it would not be allowed to hold the post of director, assistant or shareholder of companies withdrawn from their licenses. In a statement received by Alsumaria News, the bank said in a statement that "for the purpose of upgrading the sector of companies to mediate the sale and purchase of foreign currencies and ensure that they are managed by competent people in accordance with the provisions of relevant laws, especially the AML / CFT law, it is prohibited to hold the position of director, Drawn in two cases. " "The first case concerns companies that have withdrawn their leave because they violated the bank's instructions or the AML / CFT law," he said. "The second case concerns those who have been removed from office or sold their shares under a directive issued by this bank," the bank said. https://www.alsumaria.tv/news/254875/%D8%A7%D9%84%D9%85%D8%B1%D9%83%D8%B2%D9%8A-%D9%8A%D8%AD%D8%B8%D8%B1-%D8%B4%D8%BA%D9%84-%D9%85%D9%86%D8%B5%D8%A8-%D8%A7%D9%84%D9%85%D8%AF%D9%8A%D8%B1-%D8%A7%D9%88-%D9%85%D8%B9%D8%A7%D9%88%D9%86%D9%87-%D8%A7%D9%88-%D8%A7%D9%84%D9%85%D8%B3%D8%A7%D9%87%D9%85/ar
    0 replies | 769 view(s)
  • harry's Avatar
    12-11-2018, 08:56 AM
    Relationship: 88 billion size of the devastation ISIS 12/11/2018 Baghdad/Iraq News Network-Cabinet Secretary General Mehdi relationship, Tuesday, that the value of the devastation caused by the terrorist organization of ISIS up to 88 billion dollars, said at a press conference relations of the American Chamber of Commerce meeting in Baghdad, the State managed to return 70% of the displaced and seeking To restore them, remaining there less than one million and 400 thousand remain displaced people ", stating that" the value of devastation organize terrorist ISIS reach 88 billion dollars. "he explained that" economic sector development resolutions to protect local almettg for 80 product, adding to efforts to lift the ban on Iraqi aircraft and aviation authority separation. "he noted that" seek to increase production of electricity and the adoption of smart meters for transparent collection and interest in clean energy, "indicating that" the Government has worked to connect 90 percent of e-business infrastructure, as well as linking Cabinet with all ministries and State Council ". http://aliraqnews.com/%D8%A7%D9%84%D8%B9%D9%84%D8%A7%D9%8288-%D9%85%D9%84%D9%8A%D8%A7%D8%B1-%D8%AF%D9%88%D9%84%D8%A7%D8%B1-%D8%AD%D8%AC%D9%85-%D8%A7%D9%84%D8%AF%D9%85%D8%A7%D8%B1-%D8%A7%D9%84%D8%B0%D9%8A-%D8%AE%D9%84/
    0 replies | 76 view(s)
  • harry's Avatar
    12-11-2018, 08:43 AM
    Parliamentary Integrity confirms its intention to open large and important files of corruption 12/11/2018 Baghdad / .. The Parliamentary Integrity Committee, on Tuesday, its intention to open files of corruption large and important, away from any political pressures or other. "The Parliamentary Integrity Committee is determined to open large and important corruption files that have led to waste of public money and caused damage to all parts of the state," said committee member Abdul Amir al-Mayahi. "There is no veto or red line for every official or accused of various corruption cases, whether the file is large or small," al-Mayahi said. It is noteworthy that the financial and administrative corruption spread in Iraq significantly, as Transparency International classified it as one of the most corrupt countries in the world, but the Iraqi government often criticized the reports of the Organization on corruption and considered inaccurate and based on information received through local and foreign companies failed to implement Service projects in Iraq http://aynaliraqnews.com/index.php?aa=news&id22=110352
    0 replies | 54 view(s)
  • harry's Avatar
    12-11-2018, 08:32 AM
    good morning to all ds i pray that everyone will have a blessed day today and enjoy its.
    844 replies | 49614 view(s)
  • Bondlady2's Avatar
    844 replies | 49614 view(s)
  • HotRod's Avatar
    12-10-2018, 02:42 PM
    Sound like a No Brainer to me. Pick option 2, RV the Dinar at a 1:1 with the USD (or better) and problem solved... Thanks harry
    1 replies | 120 view(s)
  • harry's Avatar
    12-10-2018, 09:43 AM
    Iraq ranks 108th in world per capita income in 2018 12/10/2018 Iraq ranked 108th in the world and 10 of the 122 countries in the ranking of countries globally in terms of per capita income of GDP per dollar annually, while Qatar ranked first in the world and Morocco ranked the world ranking 122. In its annual report published on 10 December 2018, NAS reported that Iraq ranked 108th in the world and tenth among the 122 countries in the ranking of countries according to the per capita GDP of the US dollar this year, with a gross output of 7,391 " . "Qatar ranked first in the world, with an output of $ 98,814 per person per year, ahead of Luxemburg, which came second with 78,670 and Singapore ranked third with 64,584. The classification shows that "Kuwait is the second Arab and 17 globally, with a local output of 39,706, while Morocco was ranked the Arab and world ranking in the 122nd place, with a local output of 5,456. https://www.nasnews.com/%D8%A7%D9%84%D8%B9%D8%B1%D8%A7%D9%82-%D9%8A%D8%AD%D8%AA%D9%84-%D8%A7%D9%84%D9%85%D8%B1%D9%83%D8%B2-108-%D9%81%D9%8A-%D9%85%D8%B9%D8%AF%D9%84-%D8%AF%D8%AE%D9%84-%D8%A7%D9%84%D9%81%D8%B1%D8%AF-%D8%B9/
    0 replies | 78 view(s)
  • harry's Avatar
    12-10-2018, 09:35 AM
    Iraq faces thorny files with half a government 12/10/2018 A year after the declaration of Iraq "victory" on the organization is urging the country itself today is blown by the political competition, which neglected in the days of war, and in front of several challenges not the latest deficit in social solutions and agreement on a government, according to experts. "Nearly 40 years ago, Iraq was known only for war, from the war with Iran (1980-1988) to the invasion of Kuwait and its aftermath (1990-1991) through the international embargo and the US invasion of the country (2003)," the report said. 2011), leading up to the civil war and then the entry of an organization and its control and control of nearly one third of the area of ​​Iraq in 2014.Three years of bloody war ended last December, with Baghdad declaring victory over extremist organization and defeating it from the country. "This is not the first time that Iraq has won a military victory. There are several tasks already accomplished, but the most challenging victory today is political victory, which has long been postponed," says Shatham House researcher Renad Mansour. "Nobody was really ready to find a political solution, they were treating the symptoms, not the roots of the problem," Mansour said.On the day of "victory," Iraq entered the post-jihadist era. The country witnessed legislative elections last May marred by doubts and challenges, and ended with a manual recount that produced a new parliament that was absent from the majority. And here came the hour of politics, "which is the root of the problem, and quotas and Tgnem career under the name of party rivalry," according to an analyst told the Iraqi political analyst Jassem Hanoun.Since then, "Iraq continues to live in a period of transition, political instability and a lack of clear vision for the country's administration," Hanoun adds. - Half a government between resignation or "close solution"? -Five months after the election, Adel Abdul Mahdi was appointed to form a government before the beginning of November. But the new prime minister, who is one of the country's rare consensus figures and is under pressure from the United States and Iran, has been able to present only 14 cabinet ministers because he has faced opposition from several members of parliament to some of his candidates, especially the main internal and defense portfolios. A source close to the government told Agence France-Presse that there is "a solution soon because it is about the liquidation of political accounts rather than a transitional period."But the challenges do not stand at the hurdle of forming a government. Today, the prime minister faces an enormous challenge in rebuilding a country devastated by battles to expel an oppressive organization from the north and west of the country over three years. About 2 million people displaced"After the victory over a preacher, people were looking for a better life, there was hope," Mansour said. "Today they are asking themselves whether this political elite is capable or even ready to deal with the roots of the problem."The situation remained the same in areas liberated more than a year ago. No plan has been put in place for the return of the displaced or for the reconstruction of the affected areas, despite a major donor conference in Kuwait last February. To date, "more than 1.8 million Iraqis are displaced throughout the country, and about 8 million people need humanitarian assistance," according to a report by the Norwegian Refugee Council. More than half of the displaced have been damaged or destroyed, including in cities still under the rubble, such as Mosul and Sinjar Baghdad's authorities will also have to deal with the effects of protests, which have escalated and sometimes seen violence, in a country ranked 12th among the most corrupt countries in the world to demand public services, including unemployment and electricity. Iraq is currently negotiating with US companies GE and Siemens to restore power grid, which will be affected by US sanctions on Tehran, the main supplier, despite the US grace period for Iraq. "Yes, the time of war is over, and the next summer will be detailed for Abdul Mahdi," Mansour said. "People's war against the regime"All of this does not negate the fact that Iraq is experiencing a marked decline in violence compared to a year ago. Last November, Iraq witnessed the lowest number of civilian casualties in six years of violence in Iraq, according to the United Nations, and less than half the number of victims in the same month in 2017. But the continued fall of the victims shows that despite their defeat, the Da'id organization is still capable of launching attacks from their hideouts along the Iraqi-Syrian border. For example, the number of attacks in the province of Kirkuk doubled between 2017 and 2018, according to a report by the Center for Strategic and International Studies (CSIS), which indicates a decrease in the number of attacks against civilians and their rise against government and security institutions. But today's observers warn of another danger: the outbreak of an internal war between the major parties controlling the political scene, which was under one banner yesterday under the name of the popular mobilization forces and contributed significantly to defeating an oppressive organization. "Everything is expected today because of disagreements between the parties," he said, fearing that the country would witness "a Shiite-Shiite confrontation that could be the alternative disaster. "The source close to the government refutes this theory, saying "the fears are unfounded. There have been several opportunities for escalation and violence, but the armed groups have shown great discipline, especially as they are part of the government establishment. ""There is certainly conflict within the Shiite camp, but we will not see a militia war against another," Mansour said."I think the next war will be the people's war against the whole regime, not against anyone." https://www.nasnews.com/%D8%A7%D9%84%D8%B9%D8%B1%D8%A7%D9%82-%D9%8A%D9%88%D8%A7%D8%AC%D9%87-%D9%85%D9%84%D9%81%D8%A7%D8%AA-%D8%B4%D8%A7%D8%A6%D9%83%D8%A9-%D8%A8%D9%86%D8%B5%D9%81-%D8%AD%D9%83%D9%88%D9%85%D8%A9/
    0 replies | 76 view(s)
  • harry's Avatar
    12-10-2018, 09:17 AM
    The crisis of "Dinar Alalak" pushing Iraq to open the files of currency bleeding and corruption exchange licenses 10/10/2018 For the third day in a row, the crisis of what is popularly known as "Dinars Al-Aalak" continues after the issuance of the new version of the Iraqi currency categories 250 and 500 dinars and 1000 dinars and the name of the Governor of the Central Bank acting Ali Muhsin Al-Alaq, which is contrary to the law that restricts the signature through the words of the Governor of the Central Bank or Signing above the words governor only. The new "Arab" received information from informed sources, confirming that the Iraqi parliament will discuss, Thursday, during its scheduled morning the crisis of the new currency , while calling for deputies of the Sadrist movement and the Communist Party and the Axis Alliance to open the file of the Central Bank of Iraq fully and investigate charges The bleeding of the hard currency and the selectivity of the bank in granting work permits to exchange and transfer companies, and procedures for the sale of the dollar, as well as the reason for the survival of the post of governor by proxy. An official in the legal department in the Iraqi parliament for "the new Arab", it is scheduled to be opened these files during today's session, and in case of any circumstances or lack of completion of discussions will be completed the next session on the requests submitted to the President of Parliament by deputies. The parliamentary official, who declined to be named, that the repercussions of the crisis put the central bank governor on the currency in contrast to the Iraqi law sparked a wide debate on the street, which led to the direction of Parliament to open the file of the bank as a whole. The governor of the current bank is a member of the Islamic Dawa Party led by Nuri al-Maliki, and took the post of acting governor in 2014 and was before Secretary General of the Iraqi Council of Ministers during the first and second Maliki. The issuance of the new Iraqi currency within the treatments of the crisis of cash and the damage of small currencies in the category of 250 dinars and 500 and 1000 dinars, and carried the new currencies, another change sparked a controversy, raising the verse "Say Allah is one" for the Iraqi currency, which is a tradition since the Abbasid state in Baghdad and until today , And was replaced by a painting of the marshes of southern Iraq, which are natural water bodies listed on the World Heritage List recently. Official in The Central Bank of Iraq confirmed to the "new Arab" that what has been offered from the banknotes actually in the market during the past days through government and private banks amounted to about 7 billion dinars, and there are about 40 billion more ready to put in the market gradually during the coming period all bear the name And there are other sums that will reach Iraq, also printed in Switzerland. The official, who declined to be named, added that another huge amount of the new currency was due to drop to the Iraqi market in early November, but there are doubts about this possibility because of strong opposition by parliament and demands to withdraw what was removed to the market immediately. For its part, the Central Bank of Iraq issued a statement saying that "the bank has the right under the regulations to determine the categories of currency and metals, paper and its dimensions, forms, material, content, weight, design and other features. He stressed that "the banknotes in various countries contain the signature of the issuing authority, which is the governor of the Central Bank. Some of them put the signature of the governor on his name, including the person who puts the signature without a name. The central bank cited the dinar currency issued in 1932, pointing out that this approach is adopted by the central banks of Egypt, Saudi Arabia, UAE, Lebanon, Turkey and others, so the Central Bank of Iraq decided to include the name of the governor when reprinting or issuing any cash, The trends found in the signature alone lack the significance required by the word (governor) on the banknote. While the move was considered a political propaganda for the governor of the Central Bank by proxy, members of the Iraqi parliament for the "new Arab" that the step indicates the weakness of institutions in the country to the extent that the government and parliament not aware of the new model of the currency only after it was issued. A member of the Iraqi parliament , Asaad al - Abadi's "new Arab", " The Governor of the Central Bank violated the law twice the first put his name on the new Iraqi currency, and the second that the law requires the bank to notify the Ministr of finance , the legislative, executive and regulatory institutions , such a move as stipulated in articles 32 And 33 of the law of the Central Bank of Iraq for 2004, so this error must be addressed, and is currently being developed frameworks and axes to open the case and discussed in the parliament and take decisions On the part of the member of the Interim Finance Committee in the Iraqi parliament Alia Nassif, the "new Arab", that "there Law The governor and the central bank must be adhered to and there is no provision in the law indicates that the name of the governor may be added to the currency in addition to signing. "Therefore I wish that the Governor of the Central Bank would not go in this direction because the perpetuation of the name shall be the work and the disengagement of the Central Bank of the existing pollutants either in the currency or the opening of private (private) banks absurdly ... These are the acts that perpetuate and not the name in the banknote, Nassif. for his part, MP said the national coalition Raad Aldhlki, for "new Arab", he said that if there were a real state of institutions there was a transparent debate on this subject with specialists in this field in order not to fall into these obstacles which we hope will not be negative repercussions on the people Iraqi and not be paid for through the worsening ofliving. Aldhlki explained that " The Iraqi parliament will issue a clear and explicit decision by themeeting, on Thursday, what he sees fit to contain this and treat. " Meanwhile, the Iraqi financial expert said Ahmed al - Hamdani for" new Arab " Al-Hamdani pointed out that the Iraqi currency is printed in Switzerland and the state costs large amounts in hard currency and can be considered as a net now because withdrawing or destroying it means losing large amounts of money to Iraq, but at the same time the central bank governor and its board should be held accountable not only for the currency but also for charges and defaults Many people talk about, from specialists and observers since the transformation of one of the most important positions in the Iraqi state from the position of Mali to another political, according to his saying. https://www.alaraby.co.uk/economy/2018/10/10/%D8%A3%D8%B2%D9%85%D8%A9-%D8%AF%D9%86%D8%A7%D9%86%D9%8A%D8%B1-%D8%A7%D9%84%D8%B9%D9%84%D8%A7%D9%82-%D8%AA%D8%AF%D9%81%D8%B9-%D8%A7%D9%84%D8%B9%D8%B1%D8%A7%D9%82-%D9%84%D9%81%D8%AA%D8%AD-%D9%85%D9%84%D9%81%D8%A7%D8%AA-%D9%86%D8%B2%D9%8A%D9%81-%D8%A7%D9%84%D8%B9%D9%85%D9%84%D8%A9
    0 replies | 73 view(s)
  • harry's Avatar
    12-10-2018, 09:03 AM
    The Central Bank warns of the repercussions of dependence on oil 12/10/2018 The Governor of the Central Bank of Iraq Ali Al-Alaq said that the bank is facing challenges due to financial policies, stressing during the session of the "relationship between the financial and monetary policies," which was held within the activities of the fourth annual conference of the bank on Monday, the widening gap between the non-oil revenues that do not Covering only 10 per cent of expenditures, and relying on oil resources to cover the remaining expenditures, has put the country in trouble as oil prices have declined in recent years. He added that this heavy reliance on oil increases the risk ratios and increases the pressure on the central bank to cover the gap, noting that oil revenues fell about 70 per cent, while the government reduced about 20 per cent of its expenses, to compensate for this reduction. He pointed out that these problems led to two options, either the sacrifice of the central bank part of its reserves of foreign exchange , while the second option to make changes in the exchange rate, a move that harm the citizens and increase the richness of the rich and the impoverishment of low-income, stressing that the relationship between the two policies Finance and cash are a real challenge for the central bank. The bank maintains a high level of foreign reserves and continues its efforts to stabilize the local currency, control inflation and increase economic growth in the country. He pointed to the widening of the volume of non-performing loans in Iraq to reach 6 trillion dinars out of 37 trillion dinars, which is the total volume of loans, stressing that banks cut 2.5 trillion dinars of profits or 16% of capital to cover this problem, calling for the need to strengthen the rule of law To face the phenomenon of non-performing loans. He referred to the initiatives launched by the Central Bank, including the "industrial, agricultural and industrial lending initiative of 5 trillion dinars, as well as the initiative of financing small projects by a trillion and a half through private and public banks, the largest in the history of Iraq." https://www.alaraby.co.uk/economy/2018/12/10/%D8%A7%D9%84%D9%85%D8%B1%D9%83%D8%B2%D9%8A-%D8%A7%D9%84%D8%B9%D8%B1%D8%A7%D9%82%D9%8A-%D9%8A%D8%AD%D8%B0%D8%B1-%D9%85%D9%86-%D8%AA%D8%AF%D8%A7%D8%B9%D9%8A%D8%A7%D8%AA-%D8%A7%D9%84%D8%A7%D8%B9%D8%AA%D9%85%D8%A7%D8%AF-%D8%B9%D9%84%D9%89-%D8%A7%D9%84%D9%86%D9%81%D8%B7
    1 replies | 120 view(s)
  • harry's Avatar
    12-10-2018, 08:39 AM
    Member of the parliamentary finance announces the submission of 50 notes to the government on the budget 12/10/2018 A member of the parliamentary finance committee Ahmed al-Saffar, on Monday, the Committee submitted fifty observations to the government on the federal budget for the next fiscal year, while referring to the most prominent observations made by the Committee, including the change of the distribution system of the current budget from the balance of items to a sectoral budget. Al-Saffar said in an interview with Alsumaria News that "the parliamentary finance committee provided 50 observations to the government on the budget to be consistent with the current government program," noting that "was supposed to be held last Monday to resolve the discussions, but the government decided to postpone the meeting until completion Vision and changes around the observations made by us. " Member of parliamentary finance: He added that all the observations made by us were important and necessary, including that the budget was built on the price of an excessive barrel of oil, and the deficit was very large, and there is chaos in the item of loans and the lack of justice in the distribution of allocations between the provinces, "pointing to" The existence of provinces have been subjected to destruction and destruction and need to build and reform currently Kalanbar, Nineveh, Salah al-Din and Basra, which is experiencing difficult conditions, although it provides most of the budget imports, where we asked to reconsider the allocation of allocations according to priorities. Al-Saffar pointed out that "we even partially demanded that the distribution system be changed by the current budget from the balance of the items to a sectoral budget. We also called for focusing on the investment budget that addresses the suffering of the people from providing jobs, infrastructure, health and education." The House of Representatives discussed in its session held Tuesday, November 12 , 2018 federal budget for fiscal year 2018 in the presence of Finance Minister Fouad Hussein . https://alsumaria.tv/news/254788/%D8%B9%D8%B6%D9%88-%D8%A8%D8%A7%D9%84%D9%85%D8%A7%D9%84%D9%8A%D8%A9-%D8%A7%D9%84%D8%A8%D8%B1%D9%84%D9%85%D8%A7%D9%86%D9%8A%D8%A9-%D9%8A%D8%B9%D9%84%D9%86-%D8%AA%D9%82%D8%AF%D9%8A%D9%85-50-%D9%85%D9%84%D8%A7%D8%AD%D8%B8%D8%A9-%D8%A7%D9%84%D9%89-%D8%A7/ar
    0 replies | 71 view(s)
  • harry's Avatar
    12-10-2018, 08:25 AM
    good morning to all ds i pray that everyone will have a blessed day and enjoy its, thanks KSD
    844 replies | 49614 view(s)
  • ksdunlap's Avatar
    12-10-2018, 07:24 AM
    Good morning DS. Harry congratulations on getting a deer. Bondlady2 I finished my gift buying yesterday. You & tudor making all the sweets is sure making me think I might have to make some also. I hope everyone has a wonderful & safe day.
    844 replies | 49614 view(s)
  • Bondlady2's Avatar
    844 replies | 49614 view(s)
  • harry's Avatar
    12-09-2018, 10:27 AM
    Reveal the date of sacking ministers Abdul Mahal 12/9/2018 A political source revealed early on Sunday, the date to withdraw confidence from the ministers Adel Abdul Mahdi covered by the procedures of accountability and justice and other issues. The source said in an interview with (Watan News) that "the withdrawal of confidence from some ministers Adel Abdul-Mahdi, whose names have been included in the accountability and justice and the integrity of the integrity will be withdrawn confidence in the parliament session that will follow the voting session to complete the ministerial cabin and replace them with others. "It is noteworthy that some of the ministers voted by the House of Representatives within the government cab of Prime Minister Adel Abdul-Mahdi and their names were included in the procedures of accountability and justice and the integrity. http://www.wataniq.com/news?ID=36126
    0 replies | 83 view(s)
  • harry's Avatar
    12-09-2018, 09:56 AM
    An astounding report of astronomical figures is the value of retirement pensions for parliamentarians who have seen the disclosure 12/9/2018 An astounding report of astronomical figures is the value of retirement pensions for parliamentarians who have seen the disclosure Today, the head of the National Retirement Authority, Ahmed Jalil al-Saadi, revealed that the rights of the pensioners are very high and exaggerated, among that the cancellation became the hands of the Federal Court. "The appeals filed by the government before the Federal Court suspended the implementation of some paragraphs of the law of the House of Representatives, especially with regard to the rights of deputies pension." He revealed that "the pension rights of deputies organized by the law of the House of Representatives is very high costs on the state budget," asserting that "the waiver has ended the claim for all pension rights contained in a material of the law of the House of Representatives." The Speaker of the House of Representatives Halabousi has informed members of the Council in a meeting, on Thursday, 6-12-2018 that the House of Representatives has waived the paragraph on the rights of pension to the deputies before the Federal Court, but members of the parliamentary legal committee said that the Parliament is not entitled to make any concession unless Deals with these problems and disagreements with a second amendment, expecting some Federal Court unconstitutionality of some paragraphs of the law during the next few periods. The law requires an increase in the years of service of the deputy to (15) years, though less than that, until the retirement is granted, even though the general pension law stipulated a real service not less than 15 years and not less than 50 years. The law grants half of the pension rights to those who have not reached the age of 50, and the appointment of the former counsel is considered permissible, although the Parliament has not voted on them. The law approved the appointment of the Secretary-General and his two deputies, although the Parliament did not vote on them. The Council of Representatives prepared a draft of the draft law of the House of Representatives and its composition since 2011, which was suspended in time because of the dispute between the blocs on the privileges of deputies and the granting and distribution of the powers of the President and his deputies and how to take decisions https://www.yaum8.com/2018/12/09/%D8%AA%D9%82%D8%B1%D9%8A%D8%B1-%D8%B5%D8%A7%D8%AF%D9%85-%D8%A7%D8%B1%D9%82%D8%A7%D9%85-%D9%81%D9%84%D9%83%D9%8A%D8%A9-%D9%87%D9%8A-%D9%82%D9%8A%D9%85%D8%A9-%D8%B1%D9%88%D8%A7%D8%AA%D8%A8-%D8%A7%D9%84/
    0 replies | 90 view(s)
  • harry's Avatar
    12-09-2018, 09:21 AM
    good morning to all ds i pray that everyone will have a blessed day and enjoy its. Bondlady2 you making all those sweet to be enjoy. buying gift.
    844 replies | 49614 view(s)
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