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, 07:37 AM
    good morning to all ds i pray that everyone will have a blessed day and enjoy its. well its yard work today for me.TUDOR coconut shrimp is very good never had its at outback but have its at red lobster many times. KSD she is doing great and heal good want be long before she can ware flipflop hehe.
    290 replies | 11766 view(s)
  • ksdunlap's Avatar
    Today, 06:59 AM
    Good morning DS. Tudor I’m glad you hubby is ok. I’m sure he’d rather his pride be hurt verses how bad it could have been. Happy Anniversary on ya’lls 20 year celebration. That is awesome! The outback sounds delicious. I’m not a steak person but I love coconut shrimp :). I’m glad ya’ll enjoyed it. Harry I hope your bride is continuing to heal well. I pray everyone enjoys a wonderful day & Memorial weekend. Stay safe while traveling or just out & about.
    290 replies | 11766 view(s)
  • tudor's Avatar
    Today, 12:18 AM
    evening all. Harry we went to Outback and had our favorites.... iced tea, coconut shrimp, salad, fresh bread, backed potato and their Victoria steak.... oh my it was so tender and delicious! Couldn't eat all the tater, but sure did try lol. What a nice evening it was. Hubby is still a bit sore, but nothing serious. Thank you for caring :). The holiday weekend is fast approaching, please, everyone, be careful on the roads while traveling. Stay safe and healthy.
    290 replies | 11766 view(s)
  • harry's Avatar
    Yesterday, 08:09 AM
    The Supreme Court determines the terms of the largest bloc that will form the government 5/24/2018 The Federal Supreme Court on Wednesday set the constitutional concept of the largest bloc that will be charged with forming the government, indicating that these conditions came because of the circumstances surrounding the writing of the constitution in 2005 and to create a kind of balances and understandings between the blocks of Parliament. The court's spokesman, Ayas al-Samuk, said in a statement received by al-Sabah: "The article (76 / I) of the constitution stipulated: (The President of the Republic, the candidate of the most parliamentary bloc, the formation of the Council of Ministers within fifteen days from the date of election President of the Republic), and it is clear that this constitutional article resolved the issue of forming the government and the task of forming the following through: First: The concept of "the most numerous parliamentary bloc" found by the Federal Supreme Court is clear and explicit in the text of Article (76) of the Constitution, and the text of this article referred to (the parliamentary bloc), a bloc that consists of deputies in a particular assembly announced in the House of Representatives. http://www.alsabaah.iq/ArticleShow.aspx?ID=157614
    0 replies | 58 view(s)
  • harry's Avatar
    Yesterday, 08:00 AM
    Today .. A second parliamentary session to discuss the elections .. And expectations that the {no quorum} 5/24/2018 BAGHDAD / Shaima Rachid The House of Representatives will hold a second extraordinary session on Thursday to discuss the elections and the repercussions that accompanied it. While information was reported that the session witnessed "the vote on the abolition of the elections," parliamentary sources predicted that the quorum is not complete. Despite the objections and doubts about the results of the elections, the move to "cancel the elections" is unlikely, for several reasons, especially the difficulty of achieving a quorum, according to members of the House of Representatives, at a time when others see the Parliament has legal powers to cancel the elections. The results of the legislative elections have generated wide controversy, prompting the Speaker of the House of Representatives Salim al-Jubouri to hold an emergency session last Saturday, but the meeting was not achieved because of the lack of completion of the quorum, making Jabouri head to the Office of the official includes the means to provide confidence in the electoral process. Emergency session "The parliament has the legal and constitutional right to correct the democratic process and prevent it from forgery," MP Iskandar and Tut said in a press statement. For his part, revealed a member of the House of Representatives Tawfiq al-Kaabi on the establishment of a rally on behalf of "Hama democracy" to demand the cancellation of the elections through a second extraordinary session and the preparation of a new draft law for the elections, during the remainder of the life of the current parliament. " Al-Kaabi said in an interview with" The presence of positive reasons for the cancellation of the elections, including "cases of fraud declared by some members of the Commission," at a time when he stressed that "the parliament has the powers to issue a decision to cancel. " The government may appeal the decision to cancel the elections On the other hand, the Secretary-General of the Islamic Union of Iraqi Turkmen MP Jassim Mohammed Jaafar al-Bayati, in a press statement that "legally the right of the House of Representatives to issue a law or a decision to cancel the election, but the vote on the law and proceed in practice is very unlikely and difficult to The reasons for the first, that the completion of the quorum of meetings is not easy to achieve, as we saw in the previous emergency session and the previous meetings of the Parliament, especially that there are 50 former deputies have renewed their membership, meaning not to attend the session. He added that "the other matter is related to the government, which will challenge the proposal of the law and win the appeal because the cancellation of the elections and need to return funds and this includes a financial burden is the jurisdiction of the government in accordance with the decision of the Federal Court." Al-Bayati added that "the whole issue can not be achieved effectively because it is not logical to go" losers "to issue a decision to cancel the elections for any reason or justification," pointing out that "this means leaving a legal vacuum and the formation of an emergency government and Iraq at a stage where it can not be adventure Options not calculated results ". The violations occur in most countries of the world For his part, MP for the coalition of state law Mansour al-Baiji, in a statement received "morning", a copy of it, "Although there are some electoral violations that occurred during the voting process, but it is not possible to request the cancellation of election results From some political forces. " "All the political forces that win the elections hold talks and meetings in order to bring them closer together to announce political alliances. This movement has been going on continuously since the results were announced," he said. Elections, "adding that" can not talk about the process of canceling the results simply because of the loss of some candidates or political forces. " In turn, the legal expert Tariq Harb, in a statement to "morning", the abolition of the elections is impossible for the difficulty of holding a meeting of the House of Representatives Nzab Kamel, calling for "the need to hand over political blocs to the decision of the judiciary after the Council of Commissioners." He said: "Most of those affected by the elections submitted complaints to the Board of Commissioners, which will in turn audit and make appropriate decisions in this aspect," noting that "it is also possible to appeal before the Electoral Administrative Authority in the Federal Court of Cassation." He pointed out that "the issue of fraud needs to be investigated by judges, because it is a crime, and if proven, the elections freeze in a number of stations that have been proven fraud," useful that "these cases can not cancel the election results." http://www.alsabaah.iq/ArticleShow.aspx?ID=157604
    0 replies | 54 view(s)
  • harry's Avatar
    Yesterday, 07:56 AM
    International trust5/24/2018 Haidar Kazem al-Baghdadi When the hubs of work are suffering a confused reality, the demand for presence in such markets is weak, despite the large profits, and sometimes it is doubling elsewhere in other places. And here comes the importance of work in such a market at the regional and international levels, and the great interest by the international economic blocs in this economy or that then draw plans to reach the incubators and start a process of action that benefits all parties, to rotate the national economy in a direction that serves sustainable development. In Iraq, we need to communicate with the world's leading companies that are rated on the international list, and invest their efforts in the local labor market, which provides great employment opportunities for a large number of local, regional and international companies, and this became known to all those interested in economic affairs. International confidence is the key to the economic advancement of any country in the world. The Iraqi, who has suffered from terror over the last period and has now become the gateway to salvation and the destruction of its forces, has become the focus of many international companies owning advanced capital and technology that can be the center of true development. Economic development that the country looks forward to and looks forward to. The Iraqi economy needs to unite efforts of all institutions concerned to work to gain international confidence in the local work, which is an environment attracting large investments to the fields of production and services in different regions of Iraq, where the ideal job opportunities in the cities and can absorb a very large size, International. We can not seek effective economic construction away from providing an environment of seriousness, especially that the international companies are studying the reality of work and guarantees from all sides and then come after its decision to invest or not in any country has employment opportunities. In Iraq, which has an investment law regulating the work, the need is urgent to stand the institutions concerned and study the reality and create the appropriate atmosphere for the entry of advanced technologies and capital to Iraq, where it can invest in industry, agriculture, tourism and services ...., This means for international companies that work opportunities In the Iraqi labor market is renewed, and any company can put long plans to work in such a market less can be described as promising. The international trust for our country is very important for the start of major reconstruction, and it is imperative to create an ideal working environment during the period that facilitates investment operations, to build an effective regional and international economy. http://www.alsabaah.iq/ArticleShow.aspx?ID=157599
    0 replies | 53 view(s)
  • harry's Avatar
    Yesterday, 07:37 AM
    good morning to all ds i pray that everyone will have a blessed day today, Tudor glade he ok from his fall, but giving GOD praise for anwser prayer after 20 year from open heart bypass surgery he is still going strong, that good news both quit smoking that year , well a good new york strip medium rare or prime rib medium rare for me are my choice.
    290 replies | 11766 view(s)
  • tudor's Avatar
    05-23-2018, 02:24 PM
    Good Afternoon all. Harry, glad you had a great time at the concert. They are always better outside, IMO. Ksd, I agree, I think we are in the final stages of this long wait. Hubby decided to trip and fall yesterday, scared the pee-waddlin out of me! He is fine, nothing broken but his pride. He hit the ground hard on his side but he landed on the lawn. Was plenty sore last night, but with a little aspercream and a prayer or two, he was fine this morning. Today is 20 years since he had his 5-way bypass, praise the Lord!!! They said at the time it would only be good for 7 - 10 years. Guess we fooled them lol. So tonight we are going to bite the bullet and go out for a steak dinner (ouch). We are also celebrating the fact that when he had his surgery, we both also quit smoking! So a triple celebration I guess lol. You all have a great week!
    290 replies | 11766 view(s)
  • ksdunlap's Avatar
    05-23-2018, 08:01 AM
    ​Good morning DS. I hope each of you has a wonderful day!
    290 replies | 11766 view(s)
  • harry's Avatar
    05-23-2018, 07:33 AM
    good morning to all ds i pray that everyone will have a blessed day today.
    290 replies | 11766 view(s)
  • Bondlady2's Avatar
    290 replies | 11766 view(s)
  • harry's Avatar
    05-22-2018, 07:54 AM
    In the document .. The Central Bank gives the company "Key Card" 24 hours to pay the salaries of employees and retirees 5/22/2018 In the document .. The Central Bank gives the company "Key Card" 24 hours to pay the salaries of employe es and retirees The Central Bank of Iraq gave the International Company for smart card "Key Card" 24 hours to pay the salaries of employees and retirees, while carrying the legal consequences in the event of failure to implement the resolution. A document issued by the Central Bank of Iraq that the company gave the global card smart card "Key Card" 24 hours to pay the salaries of employees and retired retirees salaries in the bank and take the necessary regulatory action. http://alghadeer.tv/news/detail/74809/
    0 replies | 100 view(s)
  • harry's Avatar
    05-22-2018, 07:50 AM
    Hakim and Kubitsch discuss UN support for Iraq5/22/2018 BAGHDAD / Al-Sabah The head of the National Alliance Ammar al-Hakim, during a meeting with the representative of the Secretary-General of the United Nations in Iraq, Jan Kubic, the international organization to support the next government in achieving its goals of eliminating corruption. This comes at a time when the President of the Supreme Judicial Council, Judge Faik Zeidan, the UN official and discussed with him the situation in Iraq. "Hakim received the representative of the Secretary-General of the United Nations in Iraq, and discussed with him the developments of the political situation locally and regionally, and the results of the elections and the formation of the next government," the statement said. "The importance of forming a national government is capable of achieving the aspirations of the Iraqi people and the need to be an Iraqi decision away from regional and international disputes and the importance of investing the opportunity available after the recent democratic practice to remove the country from its crises and achieve what the citizen aspires to. He urged the president of the coalition, "the international organization to support the next government in achieving its goals of providing services and the elimination of corruption and renewal of the administrative system through the expertise and possibilities possessed by the United Nations ." In a statement to the Supreme Judicial Council's Information Office, Al-Sabah said that the head of the Judicial Council, Judge Faik Zaidan, met with the UN official, discussed the situation in Iraq, discussed a number of issues of mutual interest and reviewed the UN support for Iraq in all Areas. http://www.alsabaah.iq/ArticleShow.aspx?ID=157502
    0 replies | 68 view(s)
  • harry's Avatar
    05-22-2018, 07:45 AM
    Possibility of spreading banking culture5/22/2018 Mohammed Sharif Abu Maysam The concept of banking culture is not only about raising banking awareness among the public, but also of banking awareness objectives that are intertwined in more than one detail with the goals of sustainable development that reach the stages of realizing the welfare state. In other words, the goal of achieving a state with a minimum level of well-being can not be carried out without the presence of an audience that possesses the awareness of banking, which qualifies it to claim its banking rights, in addition to knowing its duties, which are indispensable in overcoming the bureaucratic and routine rings and their illegal products in banking transactions and transactions towards creating an environment. The informal trading areas of the monetary bloc issued by the Central Bank are reduced. On this basis, the axes of banking awareness and financial culture were given a high priority, not less than the priority of the introduction of technologies, which will contribute to the reduction of workshops slack in the production of banking service. But the question here is the extent to which the possibility of achieving a banking awareness among the public contributes to the culture of saving and leave the stage of rupture with the banking sector caused by the accumulation of events and facts that contributed to the establishment of mistrust over more than three decades between a total economy and an uncontrolled market economy created excruciating factors From the arena of banking to parallel markets and quarries quarrying, which calls us seriously to reflect the means of restoring confidence in conjunction with work on the axis of the introduction of electronic systems and the activation of payment tools and exchange through them. This has made the National Program for Financial Inclusion to combine banking awareness with the protection of the public in one axis. It is no longer a matter of banking awareness without preparing answers to protect the public, which invites us to talk about the infrastructure within the human resources operating in the sector The banker in both government and private As close to the field of work may be aware of the state of non-harmony inherited among employees in the government sector specifically with the public, and certainly recognizes the public view of these institutions as institutions of authority, so it may be strange to touch the public the possibility of dealing with the beautiful "to always be right customer "When you buy the service, as it would when you buy the item from any special store . Hence the need to intensify efforts on the so-called "internal customer" in the philosophy of quality assessment a reference to the workers in the establishment, and work on this element to create a link through which to promote the culture of banking and catapulted the mass of cash condensed into the arena of banking. http://www.alsabaah.iq/ArticleShow.aspx?ID=157485
    0 replies | 74 view(s)
  • Bondlady2's Avatar
    290 replies | 11766 view(s)
  • harry's Avatar
    05-22-2018, 07:35 AM
    Renewal of administrative personnel is paving the way for entering the market economy 5/22/2018 Baghdad / Mustafa al-Hashemi requires the development of the reality of Iraq's economic, at the current stage, study the legislation of new laws bypass intersections in the economic laws, which would facilitate the transition to a market economy after making several changes, including the change of old administrative staff and the development of staff to transfer expertise to exit the legislative formations And true to the important economic laws, while specialists believe the need to change the laws and administrative regulations in line with the economic future of Iraq to be legislation full of aspects and facilitate the implementation of reality. New experiences And between the academic economist d. Majid al-Baydani, the main reasons behind the country's transformation from the central economy to the market economy so far, stressing that "Iraq is on the new economic situation and that the change of administrative staff greatly impedes the process of transformation because the old administrations are insured by the system of totalitarian economy only and lacks much experience of the free economy "He said. "The red tape and administrative corruption have emerged as a result of the intersectionof new and old economic laws , as well as the weak implementation of some economic legislation such as customs tariffs, national product protection and investment law, which is supposed to attract investors from all over the world," he told Sabah. The intersection of visions and economic researcher saw a sign just that companies operating in Iraq continues to operate in a manner intersect with the visions presented showing the importance of the role and work of the private sector in development. "The majority of economic laws are dominated by totalitarianism and centralization, and leave no room for freedom for the private sector to move, which requires legislation to contribute to the establishment and establishment of partnerships between the public and private sectors in a proper way," she said, adding that " companies Law still takes into account the state - dominated economic sector in all his joints. " economic legislation , adding that" the intersection of regulations, instructions and overlap with each other causing a deficiency in the legislation of an integrated law facilitates its application on the ground to serve the economic process in general. " Adel pointed out "the importance of discussing the proposed amendments to the law of companies through workshops and economic seminars and send notes to the officials on the economic file for Iraq for the purpose of discussion and inclusion within the proposed economic laws for the purpose of legislation in the new House of Representatives." And demands many specialists to activate the system of laws that promote economic development in all sectors of production and service because the reality of the Iraqi economy will be better than the past after granted freedom in international dealing and has become a source of confidence to the world. Economic researcher Firas Amer pointed to the importance of activating laws aimed at finding a decent work sector as well as those that limit the effects of financial and administrative corruption in all areas of the economy. And the importance of the government to be more serious in supporting the local private sector, as well as the need to benefit from this support in bringing companies with expertise and financial efficiency and improve the image of the private sector. It is noteworthy that there is an international organization working to adopt a system of guillotine laws, which works to streamline laws and trim them in line with the next stage, which require domestic and international investments on a large scale. http://www.alsabaah.iq/ArticleShow.aspx?ID=157484
    0 replies | 59 view(s)
  • harry's Avatar
    05-22-2018, 07:32 AM
    Proposal to establish a fund to repay external debt5/22/2018 BAGHDAD / Shukran al-Fatlawi revealed the adviser to the Prime Minister for Economic Affairs, the appearance of Mohammed Saleh, on Monday, that Iraq will pay 10 billion dollars of its debt in 2022, indicating that the country received a good credit rating, at a time when a specialist on the economic need to start taking effective measures By diversifying Iraq's financial imports and not limiting it to oil. Saleh said in an interview with the press: "Iraq will pay debts owed to it, which will not be less than 10 billion dollars in 2022." Hedges to pay off the debt and added that "the government should hedge from now to pay for such a large debt through the creation of debt compensation fund by putting money in a year , " asserting that " For his part, said economic specialist Ahmed Al-Attar in his interview for "morning": "The current stage requires diversifying the financial revenues of the country, which would activate the productive sectors," noting that "the activation of production will raise the gross domestic product and enhance the opportunities of the private sector to cover the needs of the country Of imports, which would save huge amounts of the public budget that would have gone into imports, perhaps unnecessary. " Economic file management pointed out that Attar "economic profile of the country require the administration to take important measures to get rid of the debt owed by Iraq and put it in the prescribed period so as to enhance its global position of Iraq and maintains reputed not to delay repayment of its foreign debt." Iraq's external debt Iraq has received foreign debts from the International Monetary Fund and the World Bank, in addition to internal debt through the issuance of private equity bonds to finance his public budget, which was heavily affected by the decline in international oil prices, which Iraq depends mainly on its budget. Credit rating is the credit rating of commercial agencies that assess the suitability or eligibility of a person to obtain loans or the merit of a company or even a country to obtain loans, which is to study the possibilities of the company, person or state The extent of its credit on the loan and its financial ability to pay , and takes into account the records of the person, company or state and its behavior and behavior in the past in relation to the repayment of its debts. http://www.alsabaah.iq/ArticleShow.aspx?ID=157483
    1 replies | 78 view(s)
  • harry's Avatar
    05-22-2018, 07:23 AM
    good morning ds i pray that everyone will have a blessed day today and enjoy its, well we have a little rain this morning cool off some.
    290 replies | 11766 view(s)
  • harry's Avatar
    05-21-2018, 08:28 AM
    Iraq joins the Asian Investment Bank's Infrastructure Agreement 5/21/2018 The cabinet on Monday approved the draft law on Iraq's accession to the Asian Investment Bank (AIB) agreement. "The Cabinet approved the draft law on Iraq's accession to the Asian Investment Bank's Infrastructure Agreement, which entered into force on 15/12/2015," the Secretariat said in a statement. "The council decided to refer the bill to the parliament, based on the provisions of Articles 16 and 80 of the constitution, and the decision to send the request to join the Asian Investment Bank for infrastructure after completing the legal procedures stipulated in the treaty, 35 "for the year 2015". The statement said that "the Council granted in its resolution above a subsequent leave for the signing of the Undersecretary of the Ministry of Finance, a request that includes Iraq's desire to join as an observer of the Asian Investment Bank for infrastructure on the basis of the provisions of Article (6) http://www.knoozmedia.com/339959/%D8%A7%D9%84%D8%B9%D8%B1%D8%A7%D9%82-%D9%8A%D9%86%D8%B6%D9%85-%D8%A7%D9%84%D9%89-%D8%A7%D8%AA%D9%81%D8%A7%D9%82%D9%8A%D8%A9-%D8%A8%D9%86%D9%83-%D8%A7%D9%84%D8%A7%D8%B3%D8%AA%D8%AB%D9%85%D8%A7%D8%B1/
    0 replies | 80 view(s)
  • harry's Avatar
    05-21-2018, 08:24 AM
    Economic Advisor: In 2022 Iraq will pay $ 10 billion of its debts 5/21/2018 The adviser to the Prime Minister for Economic Affairs, the appearance of Mohammed Saleh, on Monday, that Iraq will pay 10 billion dollars of debt in 2022, indicating that Iraq has a good credit rating. "Iraq will pay its debt, which will not be less than 10 billion dollars in 2022," Saleh said in a televised interview. He added that "the government must hedge from now to pay these large debts through the establishment of a fund to compensate the debt by putting funds in it annually," stressing that "Iraq is able to pay these debts, especially after Iraq obtained a good credit rating, That Iraq has not been late to pay the debts incurred previously. " Iraq has received foreign debts from the International Monetary Fund and the World Bank, in addition to internal debt by offering private equity bonds to finance its public budget, which was heavily affected by the decline in international oil prices, which Iraq depends mainly on its public budget. http://www.knoozmedia.com/340070/%D8%A7%D9%84%D9%85%D8%B3%D8%AA%D8%B4%D8%A7%D8%B1-%D8%A7%D9%84%D8%A7%D9%82%D8%AA%D8%B5%D8%A7%D8%AF%D9%8A-%D9%81%D9%8A-%D8%B9%D8%A7%D9%85-2022-%D8%A7%D9%84%D8%B9%D8%B1%D8%A7%D9%82-%D8%B3%D9%8A%D8%B3/
    1 replies | 78 view(s)
  • harry's Avatar
    05-21-2018, 08:15 AM
    Legal expert The new parliament is expected to hold its first session in early July 5/21/2018 A legal expert expected that the new parliament will hold its first session in early July according to the constitutional timing after the expiration of the period specified for appeals and the issuance of a decree by the president of the republic to hold the first meetings. The current House of Representatives held a deliberative session yesterday, attended by 105 members, called by the President of the Council Salim Jubouri, to discuss the electoral process and doubts that accompanied the announcement of the results. "In spite of the confusion over the results of the elections, the new parliament will hold its first meeting in the period specified for them in accordance with the constitutional legislation," according to the decision of the Council Niasi Amaragoglu, who confirmed on Sunday, "morning", "The ball in the court of the Federal Court of In resolving the issue of election results. " He predicted that "the objections and appeals will not change anything, as the results will go as they are." For his part, the legal expert Tariq Harb, said in a statement to "morning", "The date of the new parliament session will be on July 1, 2018, which is the deadline for the end of the current parliament," noting that "the current period of appeals opened now, and after the appeals there 3 days to appeal the decision before the electoral judiciary set by the law, and there are 10 more days the judiciary must end all appeals, and then there are 10 days to ratify the Federal Supreme Court, and then the current President of the Republic to issue a presidential decree to invite winners to hold the first session during 15 days ". The war that "the remaining period is sufficient to complete all the procedures for the holding of the first meeting, excluded at the same time," the current parliament will hold any meeting in the coming days. " http://www.alsabaah.iq/ArticleShow.aspx?ID=157421
    0 replies | 62 view(s)
  • harry's Avatar
    05-21-2018, 08:05 AM
    Damaged currency causes great suffering and embarrassment to citizens 5/21/2018 Some circles do not accept dealing with them Baghdad / Huda al-Azzawi The Iraqi citizen may be one of the few citizens in the world, who complain about not accepting the deal in the national currency torn or damaged by some departments or institutions or shops, which causes him many problems and verbal quarrels may reach sometimes to conflict with hands in full view of The concerned authorities that did not issue a clear and direct order obligates everyone to deal with the currency in any way. Currency torn within salaries Al-Sabah spoke with more than one official and a citizen in order to shed light on this problem. "At the end of each month, we allocate more than (200) thousand dinars of the currency torn apart equally among the employees of our district," said a member of the committee to receive salaries in a state department. The employee, who did not want to be named, said that a lot of problems and verbal quarrels occur between us and the trustees of the Fund, who insist on handing over sums of money smuggled and affixed on both sides, beginning with the employee's suffering in how to manage this currency rejected by most dealers, Cabs to shop owners . She cautioned the employee that all this is happening as a result of the absence of a number of measures and means that the Central Bank of Iraq to take to maintain the prestige of the currency and ease of circulation in the markets. Currency exchange As for the burning or buried currency, Hassan pointed out that it is submitted to the Central Bank exclusively to replace them according to certain controls, noting that the bank is working on its part to solve this problem through the processing of Rafidain Bank and Rashid new banknotes and small categories to pay within the salaries of employees, He pointed out that the bank continues to print and improve the banknotes, especially small groups, and pump them to compensate for the damaged paper, while at the same time preserving the currency and accepting it whatever its status as a symbol representing Aadh country and inform the bank in the case of refusal of banks received the damaged currency of citizens. The suffering of the working class For his part, said the citizen Rafie Abdul Latif MP, that the working classes and poor are the most social groups are vulnerable to deal with damaged currencies, because this segment traded in many of them, in addition to the same currency to factors that lead to damage early, such as moisture and wet and other It is noteworthy that even the gas stations have refused to accept the torn paper currency, Therefore, the government and the concerned parties should enact laws to protect the currency as is the case in a number of foreign countries that have issued legal provisions criminalizing those who refuse to deal with them if they are torn or old. Stamping of coins On the re-minting of the coin for small groups and thus salvation from the problem of extinction of the currency currently in circulation, drew Professor of Economics, University of Nahrain Dr. Ngham Hussein Nima, that there were attempts in 2005-2006 to issue a coin of 250 dinars and 100 dinars and 50 dinars and 25 But the loss of the culture of trading in small metal groups among the public forced the Central Bank to stop circulation and convert it into scrap metal and sell it to a trader, so before taking any steps for the introduction of the coin must propagate the culture of trading in small metal categories And this is certainly the responsibility of the Central Bank of Iraq through the dissemination of financial culture among all segments of the society and openness to the public to raise financial awareness among their ranks and to indicate the importance of dealing with metal groups And keep the currency Measures to protect the currency to that said economic researcher Hassan Jamg, said the currency 's strength will be in a positive state with the power of the state, the larger the strong and stable state and the economy in the active state, the same presence and effectiveness in the transactions of internal and external of this currency, and no secret that most communities and nations take A number of measures and means to preserve this currency and to attempt to secure its material and moral status from any external influences that may be natural or by an effective act, such as the case of currency fraud or smuggling abroad, it may be among the solutions to emphasize the need to respect National currency and dealing Regardless of their condition, and in the case that the currency is very tired or in poor condition, such as torn or semi-damaged, the obligation of government agencies to facilitate the taking or retrieval, and then delivery to banks or the competent banking authorities to destroy them and issue a new currency instead of that damaged. http://www.alsabaah.iq/ArticleShow.aspx?ID=157412
    0 replies | 64 view(s)
  • harry's Avatar
    05-21-2018, 07:58 AM
    International Monetary Fund: Iraq's economy will improve in 5 years 5/21/2018 The program 's credit path optimization Baghdad / Emad Emirate International Monetary Fund predicted that Iraq failed to curb public spending and control of the financial inability to maximize its resources and non - oil, while maintaining the level of economic performance is acceptable through a number of economic indicators for the years 2016/2022. "The estimated program agreed between Iraq and the International Monetary Fund, and expectations of the economic and financial situation until 2022, indicate that the Iraqi economy will move towards achieving the credit ceiling of the Fund. "The gross domestic product, which fell from 234.6 billion dollars in 2013 to about 171.7 billion dollars in 2016, because of the decline in oil prices in that year," and expected to "return to increase the value of GDP in the coming years to reach about 256 billion dollars In 2022, after the improvement in oil prices and increase the quantities exported to more than 4 million barrels per day and a barrel of exchange. " Real output continued, expectations indicate that the "citizen 's share of GDP began to rise from $ 4533 in 2016 to about $ 5806 in 2022, the rise in real output rates to 2.1 percent in 2022, and the rise in real output of non - oil from the negative rates of rates over the years 2014/2016 to about 4.1 percent in 2022. " Pressing expenses "The measures by which the government seeks to maximize revenues and pressure public expenditure will boost public revenues, which will increase in accordance with the expectations of the International Monetary Fund in the coming years to reach 33.1 percent in 2022," he said. Non-oil revenues For his part, said the academic economist d. "According to forecasts, public revenues will return to a higher percentage of GDP as a result of the relative improvement in oil prices and an increase in expected export capacity over the next five years, which is reflected in the increase in oil revenues that have taken the same direction as the general federations ." He stressed in an interview for "morning" that "non-oil revenues are found to take the expected improvement according to the reform program committed by the government to the International Monetary Fund to increase the proportion of the lowest level in 2014, which amounted to 2.1 percent to about 5.5 percent of gross domestic product in 2022" . Deficit reduction added Hisham "for public expenditure Vtaatouka IMF indicators fall to 31.1 percent in 2022, which can be through this reduction to reduce the deficit in public budgets and to achieve a balance between revenue and expenditure." He pointed out that "the biggest reduction will be not in current expenditures, but in the capital expenditure, which is expected to decline from 22.6 percent in 2014 to no more than 8.6 percent of GDP in 2022, which will reflect the government's ability to develop public services and infrastructure "He said. http://www.alsabaah.iq/ArticleShow.aspx?ID=157397
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  • harry's Avatar
    05-21-2018, 07:56 AM
    Special: Cooperation between the public and private sectors is the key to industrial development 5/21/2018 The industry looks forward to the production of traffic signs Baghdad / Hussein Thugb The cooperation between public sector productive and service institutions is an important center for supporting national production and activating it, and achieving major economic goals in light of the trend to develop national production in all its aspects and cover the largest proportion of the needs of local markets. In the meantime, the General Company for Steel Industries revealed the signing of three contracts with the Municipality of Baghdad for the rehabilitation and manufacture of traffic signs in the capital Baghdad on both sides of Karkh and Rusafa. The signing of contracts , said Director General of the company 's engineer Jalal Abbas Hussein in a press interview that " the signing of these contracts is the first of the work of the plant traffic signs after his rehabilitation and opened by the Minister of Industry and Minerals Engineer Mohamed Xiaa Sudanese in the past month of March, adding that "there 's overtures for the purpose of manufacturing Traffic signs on the airport road, explaining that it is hoped to sign contracts in the near future with some security agencies to manufacture car numbers according to international standards approved. Progress plans "Iraq is capable of being at the forefront of industrial countries in the region, if this approach is accompanied by phased plans that promote national production gradually and systematically in cooperation with major industrial blocs around the world," said Aqil al-Nouri. He pointed out that "the most important steps should be to encourage the national industry to be adopted by public institutions, especially as they are manufactured in accordance with international quality standards, and under the supervision of the standardization and quality control, which requires all parties to work together one hand to promote national production and support from During its adoption of various requirements. " He pointed out that "Iraq has the fundamentals of promoting the national production of natural resources and human resources, adding to the geographical location among the countries of the world, where it can invest in the establishment of major industrial cities in Iraq aimed at the products of the East and West markets, On industrial investment in Iraq. " Attracting investment in turn President of the National Business Council Iraq Dawood Abdul Zayer in between more than an economic occasion the importance of working on the establishment of the major economic city in Faw district far south of Iraq (FAO economic authority) that can industrial and commercial investments attracted to Iraq to be a global trading center provides all the requirements of The work of international companies specialized, pointing out that "this city is achieving great economic growth for Iraq and address the biggest problems in our production sector." General Manager of the company Engineer Jalal Abbas Hussein said that "the company has made offers to the security authorities to manufacture car numbers on the German side and was agreed in principle and the preparation of a contract form it," at the same time, "the company to manufacture a model numbers of several parties in cooperation with one of the investors specifications High quality to be a breakthrough for cooperation during the coming period. " A future plan said Hussein that " the company has a future plan to announce the traffic signs plant as an investment opportunity in order to develop the lab is fully equipped and integrated production lines for the manufacture of traffic signs guidance and advanced cars on the numbers of foreign or German Similarly according to the requirements of the General Directorate of Traffic." The Minister of Industry and Minerals, Engineer Mohamed Shi'a al-Sudani, opened the Traffic Marks Laboratory on 12 March after rehabilitation and adding some machines with self-sufficient capabilities to cover the needs of the Ministries of Interior, Construction, Housing, Municipalities and the Municipality of Baghdad from various signs of significance and publicity. http://www.alsabaah.iq/ArticleShow.aspx?ID=157394
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  • harry's Avatar
    05-21-2018, 07:49 AM
    Economic events awaiting the global markets 5/21/2018 During this week Capitals / follow-up morning The world markets are receiving a new week of important political and economic events amid central banks' control of the scene. Several central bankers are also scheduled to speak on different occasions giving their views on monetary policy, as well as a number of central banks Meetings. Markets are also awaiting the presidential elections in Venezuela in conjunction with the economic problems experienced by the state. The start of the week Many European markets are trading at the beginning of this week, with trades resuming on Tuesday. Germany, France and Switzerland are among those markets celebrating Monday White Day. Central Bank Presidents The President of the Bank of England and the Chairman of the Federal Reserve are speaking on various occasions this week. On Thursday, Bank of England President Mark Carney is due to speak at the Bank of England's Markets Forum in London. On Friday, Carney and Jerome Powell are scheduled to take part in a panel discussion on the future of central banks at a Stockholm conference. OPEC meeting OPEC holds its monthly meeting on Monday, in the presence of the 13 member states along with 11 other oil-producing countries. In OPEC's regular meetings, developments in the oil market and levels of production and demand for crude are discussed. While the monthly report of the Organization of the increase in production in April by 12.1 thousand barrels per day to 31.930 million barrels per day. European and the minutes of the Federal European Central Bank and the Federal Reserve announced the minutes of their last meeting over the weekend, which is often released after 3 weeks of the bank meeting. On Wednesday, the Fed will announce its meeting at which it decided to set interest rates at 1.50 to 1.75 percent, a move that has been approved. The European Central Bank is due to release minutes of its meeting on Thursday on interest rate stabilization, with interest rates on major refinancing and interest rates on lending and deposits at 0.00 percent, 0.25 percent and 0.40 percent respectively. VENEZUELA, Venezuela - Venezuela held its presidential election on Sunday at a time of huge economic problems ranging from currency collapse to rising inflation, along with a lack of oil production. http://www.alsabaah.iq/ArticleShow.aspx?ID=157393
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  • harry's Avatar
    05-21-2018, 07:41 AM
    good morning to all ds i pray that everyone will have a blessed day and enjoy its. TUDOR ,KSD Willie concert was out door amphitheatre and was a great concert.
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  • ksdunlap's Avatar
    05-21-2018, 06:26 AM
    Good morning tudor, harry, Bondlady2, b1955, guardian & all of DS. Harry I hope you enjoyed Willie’s concert. I’ve heard they are pretty good. Tudor I sure wish your week of weird would have included that RV. It continues to sound close. I hope everyone’s enjoys a safe & blessed day.
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  • tudor's Avatar
    05-20-2018, 10:20 AM
    Good morning everyone. Harry, glad your wife got the green light on her foot healing! Love good news. Also harry, how was the Willy Nelson concert? bet it was great. Lucky you lol. This has been a week of weird, but all good haha. You all have a great Sunday !
    290 replies | 11766 view(s)
  • harry's Avatar
    05-20-2018, 08:46 AM
    Five" alliances "Shiite" and three blocks "Sunni" and "Kurdish" to form the largest bloc in Iraq 5/20/2018 According to the scenarios put forward, it appears that in Muqtada al-Sadr, "Sadr" and Haidar al-Abadi "victory" and Ammar al-Hakim, "national wisdom" are the closest to ensure the formation of the largest bloc through the alliance with Sunni parties such as Osama Nujaifi "coalition decision" in addition to Iyad Allawi " The coalition of the Kurdistan Democratic Party led by Massoud Barzani, the other bloc, which weaves its strings with a clear Iranian consultation is the "conquest" led by Hadi al-Amiri and "State of Law" led by Nuri al-Maliki and the Sunni party, "Baghdad Alliance" led by Jamal Karbouli Kurdish parties are on the Defeated the National Union of change, this is what referred to the Middle East newspaper in a report published today. The newspaper said that "began to fly here and there test balloons by the winning blocs, especially the large and medium on the formation of the largest bloc that will cost the formation of the next government," noting that "these balloons began to fly ahead of the announcement of the results yesterday morning by the Electoral Commission for elections officially, Although it was probably known to all by more than 90 per cent. No one expected that 10 per cent if there was a change in seats and rules could change the political equations that States, parties and parties began weaving on unsuspecting fires, High shed light And the challenges in the region , " noting that" about three days before the announcement of the results turned Hananah in the city of Najaf as a kiss for politicians and ambassadors together. " The young cleric Moqtada al-Sadr won the surprise and upset the balance of the largest votes, "54 seats" of the total seats in the parliament, "329 seats," noting that " Prime Minister Haider Abadi was the first well-wishers and leader of the wisdom movement Ammar al-Hakim, , While the congratulations came to Sadr even from the Kurdish leader angry at him from Baghdad after the referendum, Massoud Barzani, the ambassadors of Saudi Arabia, Turkey, Syria and Jordan visited the Sadr in his home, blessed and wondering what in the quiver of this man who in the way of his alliances can be the next form of the next government But the shape of the nakedness S whole. He said that "the announcement of the results did not close the curtain on what has been achieved, has called for 90 deputies to convene an emergency session of parliament to discuss what they called the fate of the electoral process following complaints and appeals and problems in the counting and sorting, but the Commission's announcement of the results at dawn yesterday cut the majority of doubts opened the door only The Parliament has not been able to hold the emergency session, which was surrounded by its president Salim al-Jubouri, who lost the electoral round after his alliance with former Prime Minister Iyad Allawi, to a deliberative session has no effect can result, Ao " The elections are a way for the people to achieve stability, and the integrity of this means must be preserved and removed from all suspicions. Iraq and its people are more important than the victory of people and political blocs," said Jabouri in a spirit that appeared to be mathematical to his loss that seemed surprising to many . The newspaper said, "Although this map is still a breakthrough, so if the news of the possibility of withdrawal of the Virtue Party," 7 seats "of the coalition of victory, led by Abbadi, the equation may become more difficult only if the disintegration of one of the blocks or the opposite bargains in the form Temptations on positions and positions, which means that there is not yet a clear hope that a political majority government will be formed in exchange for an opposition minority . " http://www.skypressiq.net/2018/5/20/%D8%AE%D9%85%D8%B3%D8%A9-%D8%AA%D8%AD%D8%A7%D9%84%D9%81%D8%A7%D8%AA-%D8%B4%D9%8A%D8%B9%D9%8A%D8%A9-%D9%88%D8%AB%D9%84%D8%A7%D8%AB-%D9%83%D8%AA%D9%84-%D8%B3%D9%86%D9%8A%D8%A9-%D9%88%D8%AD%D8%B2%D8%A8-%D9%83%D8%B1%D8%AF%D9%8A-%D9%84%D8%AA%D8%B4%D9%83%D9%8A%D9%84-%D8%A7%D9%84%D9%83%D8%AA%D9%84%D8%A9-%D8%A7%D9%84%D8%A7%D9%83%D8%A8%D8%B1-%D9%81%D9%8A-%D8%A7%D9%84%D8%B9%D8%B1%D8%A7%D9%82
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