Post From IQDCalls Chat Room
Chat Room News Excerpts & Highlights Wed AM 8-02-17 
 
xyz: International Monetary Fund confirms Iraq's commitment to the reforms required by the Second Review of the Credit Standby Agreement

http://translate.google.com/translate?hl=en&sl=ar&tl=en&u=http%3A%2F%2Fwww.alsumaria.tv%2Fnews%2F211724%2F-&sandbox=1 

​The International Monetary Fund (IMF) on Wednesday confirmed Iraq's commitment to the reforms required in the second review of the credit standoff agreement, adding that this will pave the way for the third review, which will start in September.
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Jester’s Place: 

[JESTER] HI AND HAPPY TUESDAY EVERYONE...SORRY IT'S SO LATE I BEEN BUSY AND THEN SOME INTERNET ISSUES...BEEN A LONG DAY....
 
[vote4rv] jester looks like IMF doesn't plan for Iraq to move off the US peg any time soon
http://www.imf.org/en/News/Articles/2017/08/01/pr17311-imf-executive-board-completes-second-review-of-iraq-sba-and-the-2017-article-iv-consultation
 
[JESTER] vote4rv I HAD NO IDEA YOU WERE ONE OF THOSE IT'S ALL ABOUT IRAQ GUYS…
 
[vote4rv] JESTER no just looking for signs
 
[JESTER] vote4rv I DON'T THINK THAT'S ONE OF THEM... THERE IS TOO MUCH GLOBAL STUFF GOING ON... AND IT IS BIGGER THAN IRAQ.. THEY WILL COME ALONG AT THE RIGHT TIME...
 
[vote4rv] JESTER isn't the deletion of the zeroes necessary before the big pic rolls out?
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The Definition of Foreign Exchange Management

By Kofi Bofah

 Effective foreign exchange managment improves profitability.Effective foreign exchange managment improves profitability. (Image: dollar bill image by jimcox40 from Fotolia.com)
Foreign exchange is essential to coordinate global business. 

​Foreign exchange management is associated with currency transactions designed to meet and receive overseas payments.
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Foreign Currency Definition
By: Alex Kocic
 
Currency is any generally accepted medium of exchange for goods and services in a particular country or region. Today currency normally takes the form of paper notes and coins. Foreign currency is any currency not normally used in a particular region or country.
 
There are almost 200 currencies worldwide today. Although most countries have their own currency, there are some that adopt another country’s currency as their own. The euro is a common currency in a number of European countries.
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TNT:

GreatlyBlessed:   International Monetary Fund announces the success of the consultations of the credit readiness agreement with Iraq

Economy News _ Baghdad
 
The International Monetary Fund (IMF) announced on Wednesday the success of the second review of the credit readiness agreement, congratulating the role of the Central Bank of Iraq, the Ministry of Finance and the Prime Minister's Office on the success of the consultations.
 
The Director of the Information Office of the Central Bank in a statement received by "Economy News" that in a letter from the International Monetary Fund congratulated the Central Bank of Iraq and the Ministry of Finance and the Prime Minister's Office on the success of the second audit consultation and the Convention of credit readiness, which came after the implementation of programs and financial and monetary targets and put In a framework that provides for the financial stability of Iraq and to meet the financial and security challenges.
 
The program included a set of reforms and objectives have been committed to the benefit of Iraq, and the latest supplementary budget approved by the House of Representatives in record time, which showed the keenness of the legislative and executive authorities on the plan and programs of reform.

http://economy-news.net/content.php?id=8538....

( Thank you George for sending this to Recaps today.)

August 2, 2017 Mnt Goat News Brief
 
Hi Everyone,
 
I bring you much news today.   
 
The news from Iraq just keeps pouring in.  I can honestly write an entire book. Seriously I do try to keep my newsletters as short as possible, pertinent and relevant to the FACTS and dealing with the RV saga only, as much as possible. However, it is sometimes very hard because the pieces to this puzzle are all interconnected with other pieces that seem to have no impact but really do. These are often overlooked issues. So one piece effects the others. How do I tie it all together for you? It is hard, but I will try.
 
I want everyone not to assume that I am still not optimistic about a significant revaluation of the Iraqi dinar coming soon. I can see all the signs that they will bring back the IQD to its “former glory” soon. It will not take years and I am still looking for it sometime this year. But you have to remember that their economy can only take so much growth and then something must happen or simply put - who would want to come into Iraq to invest if they can’t grow their money?

TNT:

Airam:  After reading the PDF OF THE SBA .......you can see that Iraq followed the instructions given by the IMF ......Today the IMF agreed that Iraq has been compliant ......IMO enough for the release of the funds and at the same time the RV ......in what other way can Iraq repay that huge loan.......just my opinion   Link

Airam:  IMF is the one in charge.....follow the IMF and we will see the RV

Skipper2: Airam, you are correct. It has always been the IMF way to loan huge amounts to counties coming out of war... then the ReValuation takes place - so they can service the note

Denhel:  Funding for Iraq will be pulled if there are too many delays.We know contractors waiting to get started but they cannot wait for ever, they have to find work else where..

Skipper2:  Mobilization cost more than waiting...
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