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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  • harry's Avatar
    Today, 06:16 PM
    Former central bank governor: Maliki wasted money building a new home can accommodate for 30 million people February 21, 2017 Former Iraqi Central Bank Governor Sinan al-Shabibi, Tuesday, that the former prime minister and leader of a coalition of state law, Nuri al-Maliki received more money than all the rulers of the Republic of Iraq together of Abdul Karim Qasim leader Saddam Hussein, and squandered. Shabibi said in an interview I followed "Sky Press," "The money received by al-Maliki was enough to build a new home can accommodate up to 30 million people," noting that "al-Maliki appointed four members of his ruling party big positions within the central bank. They are not for professional even affected The central bank took a random spread widely, and they Director-money laundering department, the director of the legal department, and director of banking surveillance, and Director of the economic Department. " He added that "corruption was rife within the central bank by colleagues Maliki in the party," adding that "the Director-money laundering department allocates money laundering Iraq in favor of the ruling party and legal director of the gloss upon the Director of the banks monitor traders taking sold dollars to private banks associated with the ruling party and president Minister, lower than the market, which amounts to make Iraq lose millions of dollars a day because of this corruption and the smuggling of government budget funds abroad in favor of al-Maliki and Gelaozath. " He Shabibi "when he decided to change them came to him a letter from the prime minister prevented him from removal of these corrupt and between the lines of the book veiled threat, and that when the first elements of the gang of corrupt beyond mad Maliki issued by his partner and friend, Medhat al-Mahmoud arrest warrant after he was in Switzerland lecturing about the new monetary policy within the international symposium for the International monetary Fund. " Shabibi and between that "then appointed al-Maliki called on the Keywords central bank governor to plunder every provision of the Iraqi state in the amount of $ 67 billion in the last days of his dominance on the government to hand over power to Haider Alebadiomizanah Iraq empty and the Reserve Central Bank ravished, to enter Iraq in a major financial crisis can not advancement including a decade later, even if oil prices improved today. " Shabibi He pointed out that "al-Maliki receive more money than all the rulers of the Republic of Iraq" together "of Abdul Karim Qasim leader Saddam Hussein, was being investigated by any unfinished mention the Iraqi people and homeland, it was enough to build a new home according to the latest international standards, can accommodate up to 30 million people live in which the welfare and stability will be security for all people in the world to live in. " http://www.skypressiq.net/2017/2/21/%D9%85%D8%AD%D8%A7%D9%81%D8%B8-%D8%A7%D9%84%D8%A8%D9%86%D9%83-%D8%A7%D9%84%D9%85%D8%B1%D9%83%D8%B2%D9%8A-%D8%A7%D9%84%D8%B3%D8%A7%D8%A8%D9%82-%D8%A7%D9%84%D9%85%D8%A7%D9%84%D9%83%D9%8A-%D8%A3%D9%87%D8%AF%D8%B1-%D8%A3%D9%85%D9%88%D8%A7%D9%84%D8%A7-%D8%AA%D8%A8%D9%86%D9%8A-%D9%88%D8%B7%D9%86%D8%A7-%D8%AC%D8%AF%D9%8A%D8%AF%D8%A7-%D9%8A%D8%AA%D8%B3%D8%B9-%D9%84-%D9%A3%D9%A0-%D9%85%D9%84%D9%8A%D9%88%D9%86-%D9%86%D8%B3%D9%85%D8%A9
    1 replies | 60 view(s)
  • harry's Avatar
    Today, 06:09 PM
    like the way he think
    1 replies | 69 view(s)
  • harry's Avatar
    1 replies | 53 view(s)
  • harry's Avatar
    Today, 10:46 AM
    Raising the Iraqi dinar to the forefront again. Version:-International paper Monday, February 20, 2017 (00:0-GMT) Some Iraqi Government economists raising the dinar against the dollar until rising purchasing power and increasing confidence as a rule Iraq, as demanded by the need to stop «dollarization» economy by preventing deal internally and make local transactions are limited to use of the Iraqi dinar only. It must be noted that 70 percent of currency in circulation was covered in gold and foreign currencies until 1981, the remaining Iraqi Government bonds (currency code), and then Iraq was leftover gold base system. In order to maintain the cover, successive Governments have been linking financial policy, especially current and investment expenditure, the balance of payments situation, and the latter was determined by the Government's revenue from oil exports. And to make this link administrative restrictions applied to both external conversion, trade in goods and services and the movement of capital. Thus followed the conservative monetary and fiscal policies that kept the stability of the Iraqi dinar is installed by the Central Bank at 3.2 dollars to the dinar. I shall abide by the lid easily dinar monetary authority in the exercise of their duties where he fomented maintain a stable currency, but it achieved at the expense of economic development that is not spending enough fear that increased spending on the stability of the currency. But during the Iran-Iraq war, which caused huge Iraq reserves faded of foreign currency, the Government abandoned the currency Act and Ina started spending on war without quantitative restrictions, what caused a continuous decline in the exchange rate of the dinar against the dollar and other major currencies, because of the increasing gap between the supply and demand of Iraqi currency. And increased economic embargo imposed on Iraq in 1991 it worse. Despite the Government's adherence to the official exchange rate (3.2 dollars) for official transactions, resulted from continued growing imbalance between volume of currency in circulation and demand another rate for the dinar is parallel or black market, market price, sometimes to 4000 dinars to the dollar. After the occupation of Iraq in 2003 and the lifting of the ban on oil exports and reserves of foreign currency deposits abroad and the Central Bank to regulate the daily auctions to sell the dollar, which means withdrawing local currency Iraqi dinar, began to rise gradually until reaching 1200 dinars to the dollar, and stayed on that rate. And lose the Iraq-Iran war and economic embargo then many Iraqi dinar as a store of value and as a means of circulation, causing most transactions inside especially internal trade in goods and services, to the dollar, it was «dollarization» Iraqi economy. From this background about how to change the dinar over the past 36 years, and how it was «dollarization» economy, it is time to discuss what some economists ask now when claiming lift dinar and stopping «dollarization». For more than four years, officials in Iraq talking about monetary reform project from which to raise the Iraqi currency exchange rate against the dollar so that the new dinar equal to 1.2 dinars to the dollar instead of 1200. But the move was postponed to a later date because some Iraqi areas Government control after the occupation «ISIS». Then she began military operations to recover these areas that still lingers. The Government is expected to return to the project after the end of military operations. If the monetary reform is successful, there is no longer need to use the dollar in domestic transactions. The latter happened after he became a tough daily transactions with the arrival of thousands of dinars per dollar, making individuals resort to deal in dollars instead of dinar, especially in large transactions in hoarding currency. So you cannot cancel «dollarization» Iraqi economy by administrative decision or by administrative orders of the Monetary Authority but gradually phenomenon disappear with the disappearance of the reasons for it, after it is monetary reform referred to above, that the dinar will then by trading easy and valuable storage eliminates the use of the dollar. But the monetary reform as stated above does not mean new official exchange rate of the dinar against the dollar. If the shadow exchange rate floating as it is currently, it may rise or fall according to the relationship between supply and demand for dinars, higher offer for stability or dinar decreased demand, exchange rate declines in the dollar. And if the opposite view dinar for settlement or high demand. The Monetary Authority may to install new exchange rate with the dollar or a basket of currencies. But in any case it is not advised to adopt a high exchange rate, it does not give effect to the economy or raise the value of national sovereignty as some believe, but negative effects on the economy. The former Iraqi dinar ($ 3.2) was exaggerated and will continue to be exaggerated if you return in the future. It will make imports cheaper but hinders the improvement of production and export capacity of Iraq, the price may be 1.2 dinars to the dollar or dinar against the dollar is the right price. But the Government fiscal and monetary policies to help maintain it. It can be said that the invitations that we hear today by raising the dinar and cancel «dollarization» economics are not right for first or cannot meet before the monetary reform for second. http://www.alhayat.com/Opinion/Writers/20261216/%D8%B1%D9%81%D8%B9-%D8%B3%D8%B9%D8%B1-%D8%A7%D9%84%D8%AF%D9%8A%D9%86%D8%A7%D8%B1-%D8%A7%D9%84%D8%B9%D8%B1%D8%A7%D9%82%D9%8A-%D8%A5%D9%84%D9%89-%D8%A7%D9%84%D9%88%D8%A7%D8%AC%D9%87%D8%A9-%D9%85%D8%AC%D8%AF%D8%AF%D8%A7%D9%8B
    1 replies | 69 view(s)
  • b1955's Avatar
    Today, 10:35 AM
    harry so sorry for your loss I will pray for the family.
    1198 replies | 65923 view(s)
  • harry's Avatar
    Today, 10:13 AM
    Shabibi: Maliki has destroyed the country and stole Iraqi State Treasury and (the relationship) from his followers. February 21, 2017 Baghdad/Iraq News Network- dawn of the former Iraqi Central Bank Governor Sinan Shabibi, Tuesday, heavy doses of surprise when pointed out, that "money received by former Prime Minister Nouri al-Maliki, was enough to build a new homeland for 30 million people and that Maliki appointed four members of the ruling party posts within the Central Bank and are not competent even influenced the Bank and took wildcat strike rooted, Director of money laundering, the Director of the Legal Department, and Director of bank supervision, and Director . Shabibi said in a press statement today: "when I decided to change certain party members from Maliki came to him a book of Prime keeps it from these veiled threat included corrupt dimensions between the lines, when he drove the first elements of the corrupt gang amok Maliki issued by his partner and girlfriend Medhat Mahmud arrest warrant on having you in Switzerland lecturing on new monetary policy within international symposium International Monetary Fund, adding that "corruption is rife within the Central Bank by Maliki's colleagues in the party and that the filtering Service Manager allocates money laundering Iraq in favor of the ruling party and legal Manager dealers covering him and Director of banks taking buy dollar to banks associated with the Prime Minister, with lesser amounts of market making Iraq lose millions of dollars a day because of this corruption and smuggling money Mays Timely Government abroad for Maliki and his followers, "Shabibi said. " he then appointed Maliki called (relationship), Governor of the Central Bank to plunder all the State reserves of $67 billion in the last days of his reign on the Government to hand over power to Haider Abadi and empty budget reserve and ravished, enters Iraq in a major financial crisis cannot advance after a decade even if oil prices improved today ", noting that" Maliki recognizes more money than all the rulers of the Republic of Iraq gathered from Saddam Hussein salisu leader, and did not investigate any performed to the Iraqi people and homeland. " http://aliraqnews.com/%D8%A7%D9%84%D8%B4%D8%A8%D9%8A%D8%A8%D9%8A%D8%A7%D9%84%D9%85%D8%A7%D9%84%D9%83%D9%8A-%D8%AF%D9%85%D8%B1-%D8%A7%D9%84%D8%A8%D9%84%D8%A7%D8%AF-%D9%88%D8%B3%D8%B1%D9%82-%D8%AE%D8%B2%D9%8A%D9%86%D8%A9/
    1 replies | 60 view(s)
  • harry's Avatar
    Today, 10:06 AM
    Abbadi: Maliki will stand in court soon on charges of "high treason."February 21, 2017 Baghdad/Iraq news network. The Prime Minister said Iraq Haidar Abadi on Tuesday, yet he never understood why I give Maliki "ordered withdrawal of army units in Mosul on 9/6/2014 and three divisions of the Iraqi army to pull out of the connector and leave their guns and tanks displayed is flag and come to Baghdad . Ibadi said in his press h insists today: that Maliki committed treason on this withdrawal, which make the Iraqi army lost the entire Nineveh give orders to withdraw 3 teams of Iraqi army constituted more than 60 000 troops and leave mechanisms, tanks and armored vehicles and cannons with ammunition to ISIS come and seize Mosul and the whole three military teams weapons worth more than $12 billion. Abadi confirmed the fall of Mosul but ISIS through Maliki's order to withdraw the army and pieces Posted by displacing and killing, displacement and more than 300 billion dollars by provinces of Mosul, Anbar, Salahuddin and leaders the responsibility then Maliki Maliki will be eliminated soon for "high treason." http://aliraqnews.com/%D8%A7%D9%84%D8%B9%D8%A8%D8%A7%D8%AF%D9%8A%D8%A7%D9%84%D9%85%D8%A7%D9%84%D9%83%D9%8A-%D8%B3%D9%8A%D9%82%D9%81-%D8%A3%D9%85%D8%A7%D9%85-%D8%A7%D9%84%D9%82%D8%B6%D8%A7%D8%A1-%D9%82%D8%B1%D9%8A%D8%A8/
    1 replies | 53 view(s)
  • harry's Avatar
    Today, 09:48 AM
    Parliamentary Finance: the coming days will see a marked decline in dollar February 21, 2017 Parliamentary Finance Committee unveiled Tuesday by the Central Bank of Iraq's intention to pump additional amounts of dollar in local markets to lower dollar prices, noting that the bank will announce a new mechanism for the disbursement of the dollar through its ports to prevent speculation. He said committee member Ahmed Sarhan Sarhan said in a statement that "the Central Bank of Iraq plans to pump additional amounts of the dollar in the domestic market to prevent the rising dollar prices." "The high dollar prices in front of the Iraqi dinar exchange does not serve the economic and commercial interests and the control authorities to prevent the rise in any way possible." Sarhan said that "the Bank will announce a new mechanism for the disbursement of the dollar through its ports to prevent speculation and the dollar exchange rate to only those who deserve it, " noting that "these steps will return dollar prices as they were in the past and demonstrate in front of the exchange rate of the dinar in the coming days. http://www.knoozmedia.com/198056/%D8%A7%D9%84%D9%85%D8%A7%D9%84%D9%8A%D8%A9-%D8%A7%D9%84%D9%86%D9%8A%D8%A7%D8%A8%D9%8A%D8%A9-%D8%A7%D9%84%D8%A7%D9%8A%D8%A7%D9%85-%D8%A7%D9%84%D9%85%D9%82%D8%A8%D9%84%D8%A9-%D8%B3%D8%AA%D8%B4%D9%87/
    0 replies | 52 view(s)
  • harry's Avatar
    Today, 09:38 AM
    Iraq and the International Monetary discuss the launch of a new batch of financial loan 2/21/2017 0:00 BAGHDAD / morning discussed the Minister of Finance Agency, Abdul Razzaq al - Issa, with the Minister Plenipotentiary for Economic Affairs at the US Embassy and the Commissioner of the International Monetary Fund Larry Mimut, the launch of a new batch of fund loan to finance the budget Almalah.oavad deficit to a ministry statement, received «morning», that «Alissa discussed during his meeting with Mimut, standby credit program with the international Monetary Fund requirements ». He said Essa, according to the statement, said that « the Iraqi government is committed to a program to prepare the credit and meet all requirements as part of the schedule». For his part, expressed Mimut, thanked the Iraqi government to closely monitor the details of the program and the completion of the steps required. http://www.alsabaah.iq/ArticleShow.aspx?ID=132180
    0 replies | 43 view(s)
  • harry's Avatar
    Today, 09:26 AM
    Efforts to restore Iraq's assets abroad 2/20/2017 0:00 BAGHDAD / Shokran Fatlawi tightened elite financiers, economists and policy experts at a seminar organized by the"Institute for the progress of policy development" on the need to release the details of the internal and external debt owed by Iraq , both those that date back to the time of the former regime or those that borrowed the government in recent years , with an indication of the trends debt and its goals and initiated the seminar which was led by Dr. Mehdi al - Hafez and attended the "morning" speech in which he said that Iraq today has two choices key sectors first the continuing desire to obtain external financial support by the agreement , which took place in the Paris Club in 2004 and committed Iraq whereby some foreign debt and the second is the search for Iraq 's money and restore response national interests , adding that World Bank loans and the Islamic development Bank and the European Union, Japan , the traditional and the debt of some of the Gulf states stand in the external financial dealings of Iraq , wondering at the same time about the possibility of abandoning loans and reliance on vulnerable local resources with the exception of oil revenues , which account for the largest space in the financial coverage of the State for his part, the financial advisor to the Prime Minister Dr. The appearance of Mohammed Saleh , said that the country succeeded in 2004 by writing off about $ 100 billion of its debts against the backdrop of the signing of the Paris Club agreement , which replaced whereby the sovereign debt owed by Iraq to the group of approximately 65 countries , including 19 countries within the club and 46 countries outside as the Convention applies to commercial debt amounting to $ 19 billion, under which debt reduction of up to $ 35 million and agreed to their owners to be reduced have been reimbursed about $ 4 billion out of the religion of $ 19 billion in debt trading, while the large debt has undergone other agreement of the Paris Club judge to deduct 80 percent the rest are scheduled over 18 years to pay semi - annual installments. Financial Advisor to the Prime Minister pointed to the larger problem, which is still in existence until the moment of debt outstanding for the Gulf States , which Tkdrbenho $ 41 billion despite the fact that some of this debt is not real, which halted its benefits under the Convention since 2007 after Iraq 's agreement to settle all its debts where we stayed for the debt stuck in religion books , and some of them were former regime military aid. And oriented himself Salih stressed the need for caution in dealing with the debt profile even to contact the chaos stage, pointing out that the debt will be subject to an external auditor in accordance with international standards for the release of debt precise and detailed status report will be issued during the coming period , while stressing the need to reconsider Convention " Paris Club "before the 2020 start repay what may expose the country to a crisis in the year 2022 date through move through diplomatic channels that includes all debt pre - 2003 on wards, especially with the presence of countries lent the former regime about violation of UN resolutions during the economic blockade and re - negotiate with all countries that have a debt dating back to the former regime and the whole audience at the conclusion of the symposium on the need to discuss the debt file details of the framework of transparency with the importance of working through government striving toward debt reduction or cancellation and cancellation of being one of the functions of those related to the debts of the Gulf states , which have not benefited especially the Iraqi economy. http://www.alsabaah.iq/ArticleShow.aspx?ID=132086
    0 replies | 40 view(s)
  • harry's Avatar
    Today, 09:17 AM
    Keywords: cash reserve is reassuring for the next five years 2/20/2017 0:00 BAGHDAD / Tgb Hussein said the Iraqi Central Bank Governor Dr. On the Keywords that Iraq surpassed the biggest financial challenges faced in 2016 is pushing for the adoption of a real working mechanisms and Stratejat applied on the ground , contributing to the real multiplicity of financial resources in Iraq. Keywords said during a meeting with a number of journalists: that the central and despite a decline in imports of dollar from the sale of crude oil to 70 percent were able to maintain an acceptable level of cash reserves which is estimated with a group of foreign exchange and gold to $ 49 billion, and that covers the outer commitment and is a positive sign there is no problem in this matter, pointing out that it has received praise from specialized international organizations, and the reserve is calculated by the Central and the international Monetary Fund does not accurately raises concern for the next five years. Exchange rates , and pointed out that the exchange rates in the domestic market is still within acceptable limits compared with other countries , did not pass him who lived Iraq during the coming period, pointing out that the central Gannan sell the dollar in 2016 to $ 33 billion versus $ 44 billion compared with the year previous year . He pointed out that the year 2016 is the most complicated on the financial level , where the fiscal deficit 24 trillion outlets covering the shortfall amounted to was having great difficulty, but was rectify the financial situation , despite the country 's position in the access to external financing could be described as difficult were not we have only specialized international organizations, including the Fund IMF gives green light to get the debt through reports on the country concerned. Money laundering Keywords said that the central work of the interest in the subject of money laundering and financing of terrorism , which is one of the most important to deal with the International Monetary Fund standards and then the fund described toward the Iraqi Central positive, indicating that drew the IMF inflation index , which was brought under control , despite all the challenges faced by Iraq. And get regular meetings between the specialized financial affairs of Iraq and international organizations in order to stand at the most important developments in Iraq. The multiplicity of resources and pointed to the need to work towards the multiplicity of financial resources of the country and no longer be Iraq locked in oil imports , which exposed Iraq to threats in the exposure of any emergency, stressing that the move - out for the development of productive resources and by 5 percent a year is extremely important and reduce the dependence on oil resources a year after else. Keywords between, that previous budgets have not developed real industrial, agricultural and tourist sectors of the economy and the creation of this economic model have negatively impacted in fact, that the normal current economic cycle is not developing the national economy , where dependence on foreign imports. Central initiative and he pointed out that the central initiative to allocate $ 6 billion in light of the financial situation is difficult to productive and service sectors targeted for the activation of the production process and address the core of the economic problem in Iraq, pointing out that this initiative collided institutional reality that could not actually be invested on the ground, indicating we from which we have given messages that the Iraqi economy is able to get up. The danger zone and stressed that the central dish for 90 percent of international standards , which is 45 standard and we were able to force through the gray area to the Foreign - up area and we moved away from the area of danger. And sell the dollar , he said: The Central is related to the compliance with international rules and we have developed programs sell the dollar has been appointed international offices for that matter and foreign transfers, noting that the sale of the dollar unearned legitimize and is based on the Central Bank Law. Islamic banks in question "morning" on opening up to the granting of approvals for Islamic banks among the Keywords that a lot of people want to deal with this type of banks that experience under the spotlight and will be evaluated after a period of time. He disclosed that the Central is able to cover Iraq 's international obligations and financing of foreign trade, stressing that Iraq 's reserve currency within the standards, and that the bank also covers the local currency by a large margin. " http://www.alsabaah.iq/ArticleShow.aspx?ID=132085
    0 replies | 42 view(s)
  • harry's Avatar
    Today, 09:07 AM
    good morning to all dsi pray that everyone will have a greatness blessing today, and thanks all for the prayer for my cousin and his family he has gone home to be with our LORD AND SAVIOR TODAY
    1198 replies | 65923 view(s)
  • Bondlady2's Avatar
    1198 replies | 65923 view(s)
  • ksdunlap's Avatar
    Today, 06:57 AM
    Good morning everyone. I'm praying each of you has an awesome day. Stay safe & enjoy it.
    1198 replies | 65923 view(s)
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