The World Bank for “Economy News”: Iraq is making great efforts to reduce spending without affecting the private sector
The head of the mission of the World Bank in Iraq, Rubiro Bujouda, the government is making great efforts to reduce spending and increase the financial returns by following several ways to fill the budget deficit without affecting the private sector in Iraq.
“The challenges facing the World Bank in terms of development work in Iraq are no different from the challenges we may face in other countries in the region,” Bujouda said in an online interview with The Economist News. Which is witnessing a military operation to liberate it from the grip of a terrorist organization. ”
Read more: http://www.dinarupdates.com/showthread.php?53904-The-World-Bank-for-quot-Economy-News-quot-Iraq-is-making-great-efforts-to-reduce-spending-wi
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DU Conference Call repost
Sorry about getting this posted late. Our normal banner provider is in the middle of server/software maintenance. This is the only posting of this call replay (no banner).
Aug 24th – DU Conference Call Link
For a limited time – I am personally handling the sale of some privately held Dinar. It is from a premium source and is in excellent condition (Uncirculated 25k notes).
If you would like to add to your Dinar holdings while it is still possible, send me a PM via FaceBook (in the Private Group) or send an e-mail to DinarUpdates@comcast.net . I will make the arrangements.
Thanks
BGG
P.S. This is for a friend with significant holdings needing to “save the ranch”.
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Mike (Dinar Guru) – Article: “Iraq is an international indicator of the failure of most countries to attract investments” Quote: “Specialists in economic affairs confirmed that the invitation of the Prime Minister and the previous calls can not be anything move unless action to improve the business environment in Iraq.” And then ” he can not move anything with all these calls if no action is taken to improve the business environment in Iraq.” Three years ago Iraq came upon a fork in the road when oil prices dropped and they should have addressed the above concerns instead of taking the beggars road. ...Iraq has to pass the legislation to enable the open market economy. The time for committee’s and forum’s have passed, open up the country for investors to bring the capital needed to rebuild the country and advance Iraq as a whole instead of the elite in government. The red tape and corruption are choking growth. Necessity is the mother of all invention, hopefully Iraq has a plan to do something now.Emotions aside, this is the economic reality of Iraq.
Read more: http://www.dinarupdates.com/observer
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Kaperoni (Dinar Guru) – As I have stated on numerous occasions, any bank that wants to do business with Iraq can. And any bank that wants to do financial transactions can. The lifting of sanctions on Iraq several years ago achieved this. That being said, doing business with a central bank in Article XIV is risky and very few if any will do business with Iraq while they are still under IMF Article XIV. Until they achieve the requirements of Article VIII and accept it, most foreign banks will shy away from Iraq. Think of IMF Article VIII as an international standard.
Read more: http://www.dinarupdates.com/observer
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Iraq and the World Bank agree to implement the emergency project to support the stability of liberated areas
The Ministry of Labor and Social Affairs announced on Monday the agreement of Iraq and the World Bank on the implementation of the emergency project to support the stability of liberated areas.
The Ministry of Labor and Social Affairs is taking part in a workshop on the Emergency Project to Support Stability and Stability in Iraq” held by the World Bank at the Rashid Hotel in Baghdad
“The workshop will address the definition of the concept of the emergency project to support stability and stability in Iraq and its main components aimed at addressing the important and pressing issues in the liberated areas of the Sadrist gang ministry spokesman Ammar Menem said in a statement. Learned from similar international experiences “.
Discussion of the proposed mechanisms to be implemented in cooperation with international agencies will have a lot of discussion in the worksho Menem said.
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Abadi: Iraq is a success story
From victory to victory This is the path of Iraq victorious, after the significant security achievements came important development projects, Prime Minister Dr. Haider Abadi officially opened Saturday the Baghdad Mall in the Harthiya area.
“The terrorist wanted to destroy life, but the Iraqis proved that they were the builders of life,” he said.
“Iraq is a success story,” he said, calling on “businessmen and investors to invest in Iraq, which began to occupy its natural position.”
Read more: http://www.dinarupdates.com/showthread.php?53830-Abadi-Iraq-is-a-success-story
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Al-Jubouri: Encouraging the diversification of Iraq’s resources does not mean going for staff salaries
Speaker of Parliament Saleem al-Jubouri said on Monday that encouraging the diversion of Iraq’s resources does not mean going for the salaries of employees and retirees, stressing the need to look for other sources to boost income.
“Iraq should not rely solely on fixed oil resources, but there should be encouragement to the private sector in a clear and frank way,” Jubouri told a news conference in Baghdad attended by the economy news.
“The diversification of Iraq’s resources and the encouragement of the private sector does not mean also going to cut the salaries of employees and retirees, but must be maintained and look for other outlets we can boost the income.”
Read more: http://www.dinarupdates.com/showthread.php?53857-Al-Jubouri-Encouraging-the-diversification-of-Iraq-s-resources-does-not-mean-going-f
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Fouad Masoum calls on Czech companies to contribute to the reconstruction of Iraq
The President of the Republic Fuad Masum today called on Czech Prime Minister Bohoslav Sopotka to cancel the remaining debts of his country to Iraq. A statement issued by the Presidency of the Republic said that Masoum met the Czech prime minister at the Peace Palace. During the meeting, they discussed the political and security developments of the two countries, as well as the historic relations between the two friendly peoples and means to promote them and strengthen them at all levels. Two countries. ”
He also called on the Czech companies to contribute to the reconstruction of Iraq, especially the areas liberated from terrorism, as called for by the Czech government. To cancel the remaining of its debts to Iraq. President Masum expressed Iraq’s interest in benefiting from Czech expertise in the fields of refinery construction, development of oil and gas industries and other heavy industries, especially the production of agricultural machinery, automobile industry and paving roads.
He stressed that the Iraqis have proved to the whole world their ability to address and eliminate terrorism at all levels and at all levels, as well as their determination to continue to work on building a free democratic and advanced Iraq, and to establish security and stability in the country.
Read more: http://www.dinarupdates.com/showthread.php?53854-Fouad-Masoum-calls-on-Czech-companies-to-contribute-to-the-reconstruction-of-Iraq
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The central and central banks support the budget by 200 billion dinars
Baghdad / Al-Sabah The Central Bank will organize a new auction for the sale of treasury remittances of the Ministry of Finance for the period of 364 days with a total value of 200 billion dinars.
A source for the “morning” that the auction mentioned is the eighth auction of its kind within the plan of the Ministry of Finance to issue treasury transfers for the current year, in order to reduce the temporary deficit in the general budget through domestic borrowing by selling treasury remittances at an auction organized by the Central Bank.
The central bank, as the financial agent of the ministry to manage auctions of remittances based on the Public Debt Law, which authorized the Ministry of Finance to issue treasury transfers guaranteed by the government for the purposes of government funding to meet part of the temporary deficit in the general budget of Iraq.
According to the source, it is hoped to sell the full amount of issuances to the beneficiaries who will participate in this auction.
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Post RV Checklist (it’s getting to be that time!! Listen up!!)
Dos and Don’ts of Windfall Wealth:
Treat it like a PowerBall win
– Tell no one, not even family. If you must talk, do so with one who is already in the know.
– Don’t run out & buy new “stuff”. People notice.
– Get an unpublished number and give it out very sparingly.
– Get a tax accountant you can trust to make sure the IRS is satisfied (Certified Opinion is something to look into) and pursue asset protection…
Read Complete List: http://www.dinarupdates.com/showthread.php?18519-The-Post-RV-Checklist-and-Flashback-documents&p=128477#post128477
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