Iraq an economic Study

Interesting ReV!

Telecom IPOs????

Asiacell was one. I can't remember the names of the others, but they are basically just cell phone companies that moved in and issued stock on ISX.

Last Edited by Revbo™ on 08/21/2013 04:00 PM

Info on Open Market Operations posted by tlar:


Transformations to Open Market Operations: Developing Economies and Emerging Markets


By buying or selling bonds, bills, and other financial instruments in the open market, a central bank can expand or contract the amount of reserves in the banking system and can ultimately influence the country's money supply. When the central bank sells such instruments it absorbs money from the system. Conversely, when it buys it injects money into the system. This method of trading in the market to control the money supply is called open market operations.


Open market operations are the major instrument of monetary control in industrial countries and are becoming important to developing countries and economies in transition. Open market operations allow central banks great flexibility in the timing and volume of monetary operations at their own initiative, encourage an impersonal, businesslike relationship with participants in the marketplace, and provide a means of avoiding the inefficiencies of direct controls. Developing indirect controls is important to the process of economic development because, as a country's markets expand, direct controls tend to become less effective, and markets eventually find a way around them, especially in a global world economy. With more countries seeking to deregulate and unleash the potential of market forces, many policymakers and central bankers are grappling with ways to realize the full benefits of open market operations.


For such operations to become part of monetary policy, however, other monetary instruments now in place need to be adjusted and the market infrastructure must be transformed. This paper assesses the options available to a central bank for addressing these matters and designing instruments for implementing open market operations. First, it provides a brief review of the connection between open market operations and other monetary operations. Then, it discusses how the central bank can encourage development of the necessary financial market architecture. Finally, it reviews the advantages and limitations of specific approaches to open market operations.



How Are Open Market Operations Related to Other Monetary Instruments?


Open market operations affect the money supply and related financial measures through their impact on the reserve base of the banking system. As a matter of monetary policy tactics in controlling these reserves, open market operations can be conducted in one of two ways: actively, by aiming for a given quantity of reserves and allowing the price of reserves (that is, the interest rate) to fluctuate freely; or passively, by aiming at a particular interest rate, allowing the amount of reserves to fluctuate. Industrial countries, with well-developed and sensitive markets, normally employ a passive approach, although there have been exceptions. A passive approach also appears to be the norm in emerging markets that have reached a certain level of sophistication. There are advantages to a more active approach in developing countries, however. In such countries, the absence of efficient secondary or interbank markets--to transmit the influence of monetary policy--might be one reason for an active approach. Another might be that the active approach allows the central bank to define its policies more clearly, especially when control of inflation is the overriding goal. Such an approach is embodied in a number of programs supported by the International Monetary Fund for particular countries.


If open market operations are to become the principal policy instrument, other monetary instruments obviously need to be given less importance, particularly the central bank's discount window, where the banking system can obtain reserves on its own initiative simply by borrowing from the central bank. Other adjustments may also be needed, depending in part on the particular strategy adopted for conducting day-to-day open market operations.

Last Edited by Revbo™ on 08/21/2013 04:02 PM

Is an IPO another term for stock?

Initial Public Offering. Sorry. Yes, it's a stock issuance.

Can't figure out .. translation not good enough for me. Anybody know what this is saying?




osted Today, 09:36 AM

Finance parliamentary: the reliance on central bank monetary policy open
Ali Abdullah - 08/21/2013 - 5:29 pm | Hits: 17


Confirmed the parliamentary Finance Committee that "the first cause the dollar to rise against the Iraqi dinar lies in the political set by the Central Bank as the monetary policy pursued by the central bank with the companies and banks that deal with the bank."


A member of the Committee Faleh applicable to the newspaper "integrity electronic" that "the central bank told the Finance Committee in the House of Representatives will be followed by a new mechanism in place will contribute significantly raise the value of the Iraqi dinar ahead of next June will be the mechanism capable of raising the value of the Iraqi dinar against the U.S. dollar."


The force added that "the central bank to reduce the size of the companies that deal with it and put the money in the auction, which will lead to a reduction in the value of the dollar and reliance on monetary policy open without complicated procedures and controls and open a wider field of hopes the government banks." It is noteworthy that the banknotes market witnessed a clear variation in the exchange rate of the U.S. dollar against the Iraqi dinar.


[link to www.burathane...cle_207677.html]

Read more: [link to dinarvets.com]

That's that same article I posted earlier about open market operations.

Here's a little tidbit from DA's Iraqi Television Transcript Service (IITS)...

IITS: According to two respected financial analysts, the value of the dinar will increase substantially by mid 2014 and Iraq will join the "international currencies organization" in the near future.

Not sure what an "international currencies organization" is, but I'm guessing it's probably IMF, WTO, or World Bank, moving from observer status to full membership. Just me pontificating, but I would say this, in addition to your article above, calin, indicates a float in the near future with a rate near a dollar by mid 2014.

Last Edited by Revbo™ on 08/21/2013 05:22 PM

Posted Today, 03:15 PM

Anbuge: economic reform will pave the law to establish a sophisticated era in Iraq



08/22/2013 12:00 AM

Following ratification by the Council of Ministers
BAGHDAD-Hussein thghb Tamimi
said Economic Adviser to the Prime Minister Dr. Abdul Hussein Al-Anbuge, get the approval of the Council and the vote on the law of economic reform, which will ensure that after approval by the House of Representatives, the formation of the Supreme Council for economic reform in Iraq, stressing that Law sponsor at the same time to settle intersections occurring in the economic policies of Iraq.



comes Board approval in time see it as specialists in economic affairs, the absence of strategy and clear can be regulated economic reality in the country, as it provides increased revenues finance the one hand, and raising the rates of growth sustainable On the other hand.



And ratified the Council of Ministers during its regular recent law on economic reform, which he considered a number of nominated as "an important step towards the achievement of mutations in the development country."
said Anbuge during his speech for the (morning): that the strenuous efforts made by the team Iraqi specialist, international organizations and international, to outline key to this law, which will enable the economic reality in Iraq from growing remarkably in the coming years, and will also to revive many of the aspects of production capacity idle, Kalqtain industrial and agricultural.



According to Nbuge, the reform plan includes two, The first is to shift economic policy towards the open market, and the translation of the will of the Constitution, which stipulates the need for a policy, an approach economist in Iraq, noting that the second part of the reform plan recommends the formation of a higher council for economic reform, which would take it upon himself to draw the country's policies of development and productivity, especially after the dispersion obviously witnessed economic policies in the country, causing a decline of growth rates, and lower rates of production, and to keep the oil as the sole source to finance the budgets of the country's financial.



drew adviser to the council to be formed after the adoption of the law by the parliament, will be linked directly to the premiership, and Cedar by elements of efficient her position in the middle of economic, noting that the Council will, as well as revive the economic reality, the formation of a number of departments and important institutions in the country, particularly the Department of Lands, and the other to reform taxation, banking, insurance, and finance, as well as other department will be involved in passage of legislation and laws to ensure revive the economic reality in general in the country.



Expressed Economists satisfaction after the cabinet vote on the reform law, which the enemy step towards reviving all the joints of the country development, productivity, stressing that previous periods experienced dilemmas clear economic, and intersections big between the two policies fiscal and monetary, due to the lack of a law regulating the work of the two institutions, the form in which the impact much on the progress of the country economically.



believes economic expert on behalf of Jamil Antoine, that the process of approving the law will lead to the absorption of many of the economic problems that led to the decline in growth rates, indicating that such a law able to eliminate unemployment, and work to reduce poverty rates, especially after activating the work of the productive sectors stalled work at the moment, Kalmncat industrial and commercial, as well as revive the agricultural situation, which will require more manpower.



[link to www.alsabaah....w.aspx?ID=52490]

Read more: [link to dinarvets.com]

Awwww, yeah! Get you some o' that good ole RE-form, as we say it in Alabama, Iraq!

No kidding. There's actually a town here called Reform that's pronounced RE-form. We have a town called Arab that we pronounce AY-rab, too.

I think I probably should've just highlighted the whole damn thing. I'm so excited, I can't stand it, y'all. This ride is about to get a whole lot more interesting. Just look for Econ Reform on Parliament's agenda, and we're in business.



Anbuge: economic reform will pave the law to establish a sophisticated era in Iraq

08/22/2013 12:00 AM

Following ratification by the Council of Ministers

BAGHDAD - Hussein ثغب of Tamimi

Male Economic Adviser to the Prime Minister Dr. Abdul Hussein Al-Anbuge, get the approval of the Council and the vote on the law of economic reform, which will ensure that after approval by the House of Representatives, the formation of the Supreme Council for economic reform in Iraq, stressing that the law sponsor at the same time to settle intersections occurring in the economic policies of the Iraqi .

Board approval comes at a time when sees specialists in economic affairs, the absence of a clear strategy and can be regulated economic reality in the country, as it provides increased financial revenues on the one hand, and raising the rates of sustainable growth rates of the other hand.

The Council of Ministers approved during its last regular meeting, on economic reform law, which is considered number of المعنين that "an important step towards the achievement of developmental mutations in the country."

He said Anbuge during his speech for the (morning): that the strenuous efforts made by the Iraqi team specialist, international organizations and international, to outline key to this law, which will enable the economic reality in Iraq from growing remarkably in the coming years, and will also to revive many aspects productivity broken, Kalqtain of the industrial and agricultural sectors.

According to Nbuge, the reform plan includes two, is the first in a shift economic policy towards the open market, and the translation of the will of the Constitution, which stipulates the need for a policy, an approach economist in Iraq, noting that the second part of the reform plan recommends the formation of a higher council for economic reform, which will take it upon himself to draw the country's development policies and productivity, especially after the dispersion clearly witnessed in the country's economic policies, and cause decline in growth rates, and lower rates of production, and to retain the oil as the only source to finance the country's financial budgets.

He pointed adviser to the council to be formed after the adoption of the law by the parliament, will be linked directly to the premiership, and Cedar by elements of efficient her position in the middle of economic, noting that the Council will, as well as revive the economic reality, the formation of a number of departments and institutions the task in the country, particularly the Department of Lands, and the other of the tax reform, and banking, insurance, and finance, as well as other department will be on the passage of legislation and laws to revive the economic reality of the country in general.

He expressed Economists satisfaction after the cabinet vote on the reform law, which promised him a step towards reviving all the joints of the country's development, productivity, stressing that previous periods experienced dilemmas clear economic, and intersections big between the two policies of fiscal and monetary, due to the lack of a law regulating the work of the two institutions, the form in which the impact too much on the economic progress of the country.

He sees economic Bassem Jamil Antoine, that the process of approving the law will lead to the absorption of many of the economic problems that led to the decline in growth rates, indicating that such a law able to eliminate unemployment, and work to reduce poverty rates, especially after activating the work of the productive sectors stalled for work Currently, Kalmncat industrial and commercial, as well as revive the agricultural situation, which will require more manpower.

[link to www.alsabaah.iq]

haha - you are too funny! Like it when you are happy!

Posted the article before you!

Oh, snap. You sure did. Sorry about that. ;)

But you gave it color and bolded stuff! lol

Where can we find the agenda for Parliament?

by mid 2014... that is ok as we will need the time to calm down and do some planning once we know the currency is free to raise.

Not released yet. Probably in the next few hours.

Where?

Isn't there a parliament site?

Last Edited by calin on 08/21/2013 07:29 PM

I usually just get it from DV. Sorry. Yota will post it soon enough.

I found the parliament site but it is in arabic.

2014? That's not soon enough for me.
I need it yesterday.

Can't post it but check out dinar detectives.com. Kaperoni is saying "international currency organization," from the ITTS post earlier, is forex.

I was commenting on Alexanders post on post RV investment strategies at the end of the article that recommended "US" treasuries . . . not Iraqi treasuries.

Who cares what pumper Pepperoni says these days?

8-21-2013 Newshound Guru Kaperoni This is direct from Iraqi TV today. Iraqi dinar will increase substantially by mid -2014...but more importantly this...Iraq will join international currency organizations in the near future. that can only mean Forex folks! they not waiting... they said, its value will be substantial by mid 2014. that means they need to start soon raising the value if they expect to meet that goal. [So you believe the float will start soon? (Not Iraqi soon I hope)?] yes [that doesn't mean it will start at the 1160 that you say it could start at above a dollar right] it can start anywhere they want...just get it going. I think that is very good and no articles have it...that news [came] from iraqi tv.


21-2013 Newshound Guru Stryker Article Quote "Office announced the implementation of Article 140 of the Constitution, in the province of Dhi Qar, the arrival of more than 600 instrument, noting that the Bureau proceeded distributed among beneficiaries." It sure looks like article 140 has been implemented, at least according to this article. If this can be confirmed then things are being done and not being widely announced but could be more of the clues we have been waiting for.


8-21-2013 Newshound Guru Stryker Article Quote: "indicating the possibility of submitting a supplemental budget in July next inserts the agreement between the federal government and the Kurdistan Regional Government." It tells me that the agreements between Maliki and Barzani in April are being implemented and the midyear supplement budget of $14 billion must have been approved without our knowledge because these funds were part of the agreement. These funds are benched marked to include Article 140, payments to Kurdistan for their Military, payments to Oil Contractors and other expenses.

8-21-2013 Newshound Guru Stryker Article Quotes "The Oil and Gas Law, the rights of the Peshmerga and Article 140 are among the most important issues to be discussed." "It is worth mentioning that during his recent visit to Baghdad, Kurdistan Region's Prime Minister, Nechirvan Barzani, met with the Federal Cabinet, discussing with them the seven points of Erbil Agreement, they got initial agreement." That says that all the outstanding Erbil Agreements are going to be implemented... If in fact, the Article 140 that almost everyone said could not get implemented because of all the disputes is implemented, then the rest is being completed without our knowledge...

3


Read more: [link to dinarvets.com]

Basically someone can CE and then turn around purchase more IQD keeping it in a foreign currency account so one isn't holding any of the 3 zero notes.. and CE again next year after the rate goes up some more. Not a bad strategy for some.

Now, your talking, I'm still not convinced we will only have 30 to cash in. Seems contrary to what shabibi said. But who knows

Well here we ride again!!..... There's going to be endless PUMPING till mid 2014, then nothing........... Until someone creates the next date! Why don't I chose! how about mid 2015....

Pumpers we ride!.......

Anyone see this list of CBI auction history PDF?

[link to cbi.iq]

If you scroll to just about mid way of the PDF, the graph is nicer. It goes per year

CBI has 2 new news announcements in Ariabic, but I can't seem to translate them.


(Flags), referring to the newspaper in the morning number No. (2889) on Tuesday, the day on 08.06.2013 under the title (accused of sending illegal remittances to Turkey and the United Arab Emirates - investigation with 24 employees at the Central Bank of Iraq)
08/22/2013 (fragmented do to Google translation)

Media
Ddha p morning Z Hifah the Alcherth r a n j m continent Wallach
2013/8/6 encountered constructive pain and m the number three (2889) in pain
Z of the legal t Volatility Guy-h yen Pars under the title (accused
K j Coffee AP p 24 BC employee skills - Enroll Traewalam Tri
Iraqi Central).
S t regard this m t in the mother d p e d n nucleation serious
Share competent judicial authorities acces for the n QB Subject to Dah Aniz fami
DD or 2012 h t in late members in Section T j transmit Walt
J Rennes in the position of some of the staff and will resolve the position of brother
The coming days.
Central Bank of Iraq
Baghdad



Edited in another program below. Wonder if we could put the 2 translations together and piece it together:


Of the morning against the she bought him his wrong am TP to the Ashe/8/6 of it encountered three (2889) the water of the legal machinery guy the win PARS under the title (your accuser item a p 24 officer BC skills – investigation and mother trayalmrazi). the respect of a so that the suffering in the new iPod altnoinsh daeih different authorities concerned the before picture Organized with the figure or det em 2012 and of late the members in the forward that Rin's position some staff and will decide the position of the alakhalayam. Bank an exchangeable alarakibghadad/8/22
[link to www.cbi.iq]


(A statement press release) is characterized by commercial environment as fast as in the of transactions and keep pace with the a private evolution in the the field of banking operations in general and the the areas of of use and methods of payment of modern in particular,
8.21.2013
[link to www.cbi.iq]