|Subject: Re: loop says One dinar will always equal one dinar. Yesterday at 11:30 am|
loopArticle: "Sabri: government measures raise customs state revenues"
Iraq went from collecting 1/2 a billions dinars in customs duties in Jan 2016 to finishing the year with 24 billion dinars collect for the entire year.
More than quadrupling January 2016 custom duties every month.
And they are still fixing working on fixing some of the issues that have come to light at some of the points of entry.
Again this is right in line with the IMF's SBA.
Article: "Financial stresses securing full salaries for 2017" This is right in line with what the IMF SBA agreement wants them to be doing. It is essential that they have a fully actionable budget and here they are saying that they have got the the salaries for 2017 covered.
[Does being able to cover help the monetary change?]
It just means that they have the salaries factored into the budget and are expressing that they intend to pay them. Which is a big step forward for them...IMO.
The monetary change has nothing to do with it.
One dinar will always equal one dinar. So if I get paid 50,000 dinars a week, I will still be getting 50,000 dinars a week. What will change is what I can purchase with the money.
Article: "Central banks demanding disclosure of the names of the transferred customers from foreign remittance payments" Quote: "for the purpose of activating the Help the sale and purchase of foreign bank's currency and sufficient oversight of compliance Massarvkm check the sources money your customers and their uses, it was decided to send a special list of the names transferred customers and end-beneficiaries of the sums foreign remittances that are implemented through the sale and purchase of foreign currency window. "
What I got from the translation is that the CBI is making it mandatory that all banks provide the Company name and the name of the person in change [charge ?] with all foreign currency transactions. This is right in line with what the IMF wants them to do to combat the financing of terrorism. Love the call for transparency. They are working the plan.
Thursday, February 9, 2017
LOOP TIDBIT, 9 FEB
Publicado por Dinaresgurus.blogspot.com FORO DINAR GURUS en 6:22 AM