Tuesday 12 January 2016
SteveI
“No intention to amend the dinar exchange rate and that what is declared by the otherwise from any person or entity has not considered particularly after it has been installed price in the budget agreement with the Government and the International Monetary Fund.”
Iraq has developed a master plan and you will be amazed when you find out how they are going to accomplish this…
Just let Iraq (CBI) and the IMF execute this plan after the security of the country is under control.
Everyone will benefit.
wmawhite
[With the exception of the gold coins. What is the biggest news story of the week and why?]
All of the banks within Iraq being told that they MUST be on the same international accounting standards as the rest of the world.
[Electronic at the borders.]
Very good!!! Very big too!
These are all huge pieces to what Iraq will need to enter the markets as the IMF expects.
KTFA
SThomas: In reference to Frank’s CC last night about ships not moving! LINK
Mountainman: Great Post……THE ??? is….WHAT are THEY waiting for…..Just OIL……Or is their “MORE’ to “the Rest of the STORY”…..Maybe it’s A Little TPP being Ratified…..You know Tying Up some Loose Ends…..And ALL getting WHAT they want…..
SThomas: Mountainman. Rumor yesterday that bank trading platforms were on hold waiting on many changes. Can’t confirm but the source is credible.
Bernice: That link that was posted talks about banks that will have a disruption. ..could that be what we r waiting for?
Frank26: IMO it is best I define something I said last night:
WE ………….. As a TEAM do things differently.
WE ………….. Did not use Shipping Lane Data from any site.
WE ………….. Know all about AIS receivers.
It is NOT public …….. The terrorist would use this DATA.
Why …….. IOO …….. Shipping Lanes DEAD?
The World Harbors and Ports are LOADED to CAPACITY with INTERNATIONAL PRODUCT going to BASKET COUNTRIES ……… The SEAS are not.
THREE CURRECIES and their TANKERS are over spilling with OIL via the scent of many COALITION COUNTRIES thirsty for OIL……….. And the FIRST QT of 2016.
Why?
Because we SHARED with You on THE 4TH of JANUARY that there would be no RV in JANUARY 2016.
While the net studies their way saying these lanes are dead ….. WE ……….. TEACH You about THE SECURITY at the CBI and now SHARE with YOU that this HOARDING at the docks is to ALSO drive the PRICE of OIL UP !!! !!! !!!
Why?
Because WE ……… WS ……….. Are NOW trying to point at the HCL that is INSIDE of the 2016 BUDGET.
Watch OIL PRICES go UP as FEBUARY approaches.
Anything else FRANK26?
Yes ………. The net talks about 30 days or 90 days of many subjects.
May I ask THE NET a Question of days of ours lives?
Sure
OK ………… When the IMF gave DRS the GREEN LIGHT to LIFT THE THREE ZEROS on MARCH of 2015 ……….. How long was that TIME FRAME valid for ?
Ahhhhhhhhhhhhhh? You see ………. Told You we were DIFFERENT.
Last night on Your MONDAY CC we as a TEAM realized we could not TEACH and compete with a National Championship. We are so busy with hours and days melting by so fast that we forgot about the importance of this game to many around the world.So we gave a skeletal CC of SHARING.
BTW …………. One Year……….. IOO. (In Our Opinion)
Fascinating ?………… No?
I swear ………. Iraq can squeeze more TIME into a FRAME than Picasso himself.
Cubism.
You all take care KTFA FAMILY ….KTFA Frank
Stage3Alpha
BenBlessed1: The math is DONE and given by IMF over to CBI and now we can expect. I believe that several posts by finance committee indicate the contract with the IMF says they must do this (Raise the rate to international) before March 31, 2016- to use the back-up date of start or retroactive to January 1
(Which they will need for their budget to operate) which has come out now for 2016-
I suspect we are soon and very soon.
Emailed to Recaps:
Dr. Jim Willie: Watch the Rise of the US Dollar, then the Demise of the US Dollar
In the video below, Elijah Johnson asks Dr. Jim Willie if the dismantling of the Petrodollar machinery that Dr. Willie talks about so often will have any effect on the economic reset talked about in the post titled, Jim Willie: U.S. Dollar is Now a Matter of National Security Due to Poor Decisions, and if so, what will it be?
Dr. Willie responds by explaining that what he is referring to when he talks about the “Petrodollar machinery,” is the oil derivatives contracts. Derivative contracts for oil are more or less a mechanism to link the U.S. Dollar, British Pound, crude oil, and all kinds of other financial assets together, and the result is the contractual equivalent of the gold standard as applied to the crude oil asset. In essence, what derivative contracts did, was make the de facto oil involved in the contracts what was REALLY backing the U.S. Dollar.
It could be argued that the U.S. Dollar is a fiat currency, and therefore has no backing, and while that would “technically” be true, for all “practical” intents and purposes oil was indeed what was backing the U.S. Dollar.
Because of their extreme complexity, oil contract derivatives don’t dismantle easily, and it doesn’t help when there are trillions of dollars tied up in oil contracts amounting to a total of roughly 25% more than there was in 2008 when world financial markets crashed.
Since the U.S. went off the gold standard in 1971, and for all “practical” purposes adopted the Petrodollar de facto standard in 1973, the arrangement the U.S. has had with Saudi Arabia and all the Arab Emirates, is that our middle eastern partners agreed to take all crude oil sales, all crude oil payments, and all Petro surpluses in U.S. Dollars, and then they agreed to hold them in U.S.Treasuries for their savings.
Until about two years ago, there was never discussion of, nor a problem involving the subsequent sale of the Treasuries after crude oil sales.
TNT
ChapoC: My Story, This AM
A buddy, that I have kept in the loop of TNT and Koonce info, called me this morning about a call that he received last night.
A friend of his (retired special forces), on the east coast that hasn’t called him in a couple of years, called and told him that a few days after Christmas, a group chartered a plane and took their dinar to Tahoe and turned it in with a group that equaled about a billion dinar. He said that he could probably get us in, if we wanted.
I told him about Tony’s experience, going to Tahoe and listening to whomever; he was invited by to join their group. I told him that Tony said “NO” and I wasn’t giving my dinar to anyone but a bank or exchange site.
I told him that from what I understood, things were happening as countries were switching to asset backed currency. Anyway, that’s my story. Have fun with it.
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Daz: HERES ONLY ONE BIT OF EXCHANGE RELATED INFO THAT I NEED AT THIS POINT AND THAT IS…..”THE BANKS AND EXCHANGE CENTERS ARE OPEN FOR BUSINESS AND AWAITING YOUR CALL”
KMan: DAZ has it right. The only thing we need are the bank and exchange center #’s. Everything else is just rumor and fluff to keep us in the game and you defintiely want to be in this game.
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Uenvoy: I just wanted to pipe in,, say good morning to everyone, and hope everyone is excited. looking at the markets, and reading the articles and researching the news about the markets, I just want to say we are not that far off to the blessing.. so everyone keep your faith.. we are very close.
I want to bring a article that is really telling us allot about what is really going on right now in the markets, trade and the economies.
I think everyone should read and research this for your own understanding.http://www.dinarrecaps.com/our-blog/margin-call-gentleman-by-bill-holter-emailed-to-recaps
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Four2atous: Balance difficult to find= http://www.bloomberg.com/news/articles/2016-01-11/china-rout-threatens-to-spawn-crisis-in-india-top-banker-says
Four2atous: Oil prices get slippery= http://www.bloomberg.com/news/articles/2016-01-11/morgan-stanley-sees-20-a-barrel-oil-on-u-s-dollar-appreciation
Nissi: Four2atous..did you see this article..http://www.zerohedge.com/news/2016-01-12/forget-20-oil-stanchart-says-prices-could-fall-low-10-barrel
Four2atous: Worlds two most populace nations Matter for world’s economic health=http://www.bloomberg.com/news/articles/2016-01-11/china-rout-threatens-to-spawn-crisis-in-india-top-banker-says
************
Inola7: Inola 7’s Bro here…. Here’s a funny story a friend of mine, who I brought into this adventure, texted to me last night. His brother-inlaw, who he told about this sent him a t xt stating that his sister called him, wanting to know about Dinar. Evidently the sisiter was at a fortune teller who told her to buy Dinar! Brother-in-law said he’s never spoken to his sister about this! Too funny!
KTFA
McDan: I would like to leave you with this thought from Milton Friedman:
“Only a crisis – actual or perceived – produces real change. When that crisis occurs, the actions that are taken depend on the ideas that are lying around. That, I believe, is our basic function: to develop alternatives to existing policies, to keep them alive and available until the politically impossible becomes the politically inevitable.”
Strongcbm: Okay I’m going way out on a limb here…This is solely IMO….but the Power Ball is looking like a squirrel to me….I’m looking at the timing of it and no one has won… It’s now forecast to hit over 2Billion…..what a way to grab the attention of everyone for the next few weeks…it even smells like control just like the MR….hmmmmmm….just my little opinion
Walkingstick: Samir Abbas Alnasiri *: banking reform requirements in Iraq in 2016
– PUBLISHED IN 01/11/2016
– PUBLISHED IN 01/11/2016
After one year and four months to take over the new Iraqi government, headed by Dr. Haider Abadi, head of the Council of Ministers of the responsibility of the state administration in the light of our follow-up applications economic approach in the government program the decree of the government and approved by the House of Representatives and the selected program schedule for the application of four years (2014 – 2018), a life of the government constitutionally.
Through analysis axes and paragraphs of the government program and materials as far as the economic reform and banking reform in particular note the texts and paragraphs of the application, which referred to the program has not been implemented them anything through the expiration of the period above.
As the time goes, Iraq is suffering from the economic and financial crisis suffocating for reasons both objective and subjective well-known, it requires the competent authority in the government and the Central Bank of the Iraqi government and the private banking sector of take immediate initiative to study the government program vocabulary and the requirements of its application on the ground through the diagnosis and analysis of the reality of the banking sector entities and the challenges it faces at this stage and to identify the processors to promote him and repaired in spite of all the circumstances, obstacles and difficulties experienced by, for example, in the light of the business to some of the big private banks Results Indicators as of 09.30.2015 compared with indices up to 30.9.2014 note what comes :
1. Total deposits declined at rates ranging between (13% – 59%)
2. Operating drop (cash credit + investments) between (13.5 -39%)
3. money between their assets decreased (5% – 74%)
4. Total Assets (financial center) fell between (9% – 43%)
5. The decreased earnings achieved between (16% – 43.5%)
2. Operating drop (cash credit + investments) between (13.5 -39%)
3. money between their assets decreased (5% – 74%)
4. Total Assets (financial center) fell between (9% – 43%)
5. The decreased earnings achieved between (16% – 43.5%)
This confirms beyond any doubt that the sector Bank of Iraq and in particular the private banks are suffering from a real and catastrophic problems during this year and which increases Thread Atma is the sharp decline in stock prices of these banks ranging share price currently for most of the private banks in Iraq Stock Exchange between (250 – 500) fils except for some banks that no more than ten banks ranging shares between (600-900) fils, including two of which exceeded the nominal share of Dinar simple and Ahdbnsabh This means that up to 40 banks amounting to the value of its shares declined by (50% – 75 %) of the nominal value her.
Since the banking sector is the ring core in a series of the Iraqi economy rings and the Iraqi economy, the problems are many and complex and there is a tangle and confusion between the mechanics and the requirements of building introductions transition to a market economy, according to Maahart him Article 25 of the Iraqi Constitution and the legislation and regulations, instructions, and the determinants of the central administration of the economy added to That lack of security and economic stability and financial mismanagement during the years (2003- 2015) and administrative corruption and financial institutions related to the economy. Which led to the creation of a true obstacles to attempts to banking reform.
Problems and constraints of the banking sector in 2016
Through diagnostic and analytical view of what it will be the year for the development of macro economy in 2016 and the difficult economic conditions experienced by Iraq, we noticed that it could directly reflected in the financial and banking sector, making exacerbate the structural imbalance in the Iraqi economy does not work with him confront policies and instructions superficial and ineffective but a strategy of economic policies are interlinked in the short term and the medium and long term and this requires us to identify the main problems and obstacles faced by the banking sector this year, as follows:
First, the special security conditions because of the war on terror and the occupation of some provinces of Daash terrorist gangs and theft of customers’ deposits in the branches of government and private banks in those provinces and destroyed documents that guarantee owed banks rights of borrowers and which are currently classified according to the indicative list issued by the Central Bank’s debt can not be repaid realistically because of the exodus of most of the borrowers of their provinces and their inability to payment in addition to an increased risk ratios in the cash grant credit to customers that disrupted the work of banks and reflected on the liquidity limits, which led it in some banks to a minimum, which will display some of them to bankruptcy and financial collapse in addition to the that it will lead to influence the economic situation and financial activity and investment during the current phase.
Second: the suffering of the Iraqi banking sector, particularly private banks in all areas of banking activity of militancy in the application of some of the instructions issued by the Central Bank of Iraq and the Finance Ministry and government banks (Rafidain and Rasheed), although he had already been a number of decisions of the Committee on Economic Affairs issued in the Council of Ministers overcome them and overcome them There were also Bamamha No. 64/4/2/2015 but to no avail due to poor follow-up of those responsible for the implementation of these decisions and Mayati:
(A) the Ministry of Finance by requiring all state departments to accept certified instruments issued by private banks.
(A) the Ministry of Finance by requiring all state departments to accept certified instruments issued by private banks.
(B) The Central Bank of Iraq and the government study the possibility of banks lending to private banks to finance small and medium enterprises because of their importance to the revitalization of the Iraqi private sector.
C- the Trade Bank of Iraq to open credit lines with private banks under the supervision of the Central Bank of Iraq.
W emphasis on activating the role of the financial court as stipulated by the Banking Act and in accordance with the Law of the Central Bank of Iraq and not to resort to other courts.
(C) the Central Bank of Iraq to study the possibility of benefiting from the legal reserve for private banks to grant investment loans from the reserve and Beshravh.
(H) an emphasis on the Ministry of Finance and the Central Bank of Iraqis applying for the Committee on Economic Affairs Resolution No. S.l / 495 on 11.18.2014 regarding the opening of letters of credit to the private banks up to $ 10 million (ten million dollars) without passing Iraqi bank for trade.
G. do all of the Rafidain and Rasheed deposit part of their money with private banks in exchange for soft benefits that the private banks to invest that money in investment projects in accordance with the economic feasibility and according to specific mechanisms and guarantees of studies
(D) that the Ministry of Finance and the Central Bank of Iraq and the Iraqi Trade Bank of the release of the amounts of appropriations according to the contexts in force globally and not suspended or delayed when backing receiving the items.
(D) that the Ministry of Finance and the Central Bank of Iraq and the Iraqi Trade Bank of the release of the amounts of appropriations according to the contexts in force globally and not suspended or delayed when backing receiving the items.
Z- urged private banks to create partnerships with international banks for the purpose of strengthening the developmental role of the country and create investment opportunities and the operation of labor.
Third: the continued absence of plans and strategies for rebuilding and restructuring of the Iraqi banking sector and the weakness of the foundations and the detailed policies adopted by banks in the field of risk management in cases of natural situation and in emergency situations, although the World Bank’s reports on the financial situation in Iraq and the stomach in conjunction with Iraqi officials diagnosed the challenges and processors since 2011 until last visit to Iraq for their team.
Fourth: the continued weakness of credit to the contribution to gross domestic product, so that does not exceed 10%, while in regional countries (Middle East and North Africa, up to 55%), and this means that the impact of the Iraqi banking sector in economic development and reconstruction of the national economy building according to look serve the orientation of the market economy . And the current lack of liquidity in banks help in the continuation of this problem, which is not being able to cash the granting of credit to customers and investment projects in different economic sectors.
Fifth: the lack of financial institutions retaining the banking business as a deposit guarantee and credit guarantee companies and the lack of specialized offices to study and analyze and identify risks (credit, liquidity, market and operational) despite the diagnosis that a few years ago.
Sixth: the inability of the Iraqi banking sector from acquiring the capabilities and potential and infrastructure substantive and technical influential in portfolio management and catch up in the footsteps of the banking development in the neighboring countries, making the customer look at our banks look backward and is able to provide the best advanced services to him, which led to their reluctance to deal with the Iraqi banking sector, particularly private banks as that confidence has been shaken in the last period due to the inability of some banks to meet the withdrawals customers of their deposits, which led to a decline in deposit rates in most of the banks to a great extent, which will affect the possibility of financing banks during this year.
Seventh: the existence of a parallel sector Unregistered represented Cashiers ARD who are big operations (internal remittances or external, banking, conversion of cash) takes place outside the formal framework and result in huge commissions under weak or control specific, creating a difficult environment for the banking system the government and private and has led to speculation in the foreign currency market, the impact on the central bank’s policy of maintaining the Iraqi dinar exchange rate against foreign currencies from time to time that disrupted his plans in the supervision and management of the money market and to maintain balance.
Eighth: the complex and that do not fit with the support and economic reform that must be provided by the government for the banking sector policies with a financial and administrative corruption is evident in most economic institutions, including the taxation departments tax laws.
Ninth: The limited development of financial systems in Iraq and the central policies in determining interest rates is reflected in the non-payment of loans and thus to restrict the ability of banks to finance new loans, which led to slow growth and the emergence of serious calls to restructure and reform the banking sector.
Tenth: general culture prevailing in society and still consider to private banks and conservatively avoids dealing instruments or Alaitmanieh cards In addition, the inability of some banks to fulfill its obligations to customers, creating a body and lack of confidence in the banking sector and this is a big problem.
Banking reform in 2016 Requirements
First, institutional and structural reconstruction of economy
Reconsider institutional and structural building the Iraqi economy according to Mayati:
1. activation of economic reform law after the involvement of the private sector in the management and supervision and draw public policies and strategies and detailed and contribute to the state in support, guidance and pre-emptive censorship.
2. activation of the founding of the Supreme Council for Economic Affairs and the broad participation of private sector experts and technocrats, university professors and advisory offices and homes experience
3. restructuring of State-owned banks and private banks, according to the reform outlook reached by the teams and the World Bank experts, bankers and experts Iraqis and signed a memorandum of understanding for this purpose several years ago have not been implemented so far.
Second, the lack of liquidity
Second, the lack of liquidity
The central bank and Ministry of Finance analyzed the financial position of the banks as at 12.31.2015 and is expected for 2016 and determine the actual need for liquidity to sustain cash trading in the Iraqi market in all fields and to develop a proactive plan to prevent the bankruptcy and the collapse of some banks and sustaining banking wheel under the current circumstances and the use of mechanisms and tools for new applications monetary policy
Third, the implementation of the government program
Effective implementation of the government program with respect to paragraph (d) of the third axis (encouraging a shift to the private sector) and private (business development bank), which emphasizes the Mayati:
1. Implementation of investment funds social security policy.
2. Activating the role of state banks and specialized banks and private banks to provide soft loans to the private sector and the national as well as finding solutions to the problems of accumulated tax benefits resulting from the stalled project for the owners of production solutions.
3. Develop a short and medium-term fiscal policy.
4. coordination between fiscal policy and monetary policy as the foundation of economic policy and the development of mechanisms and principles for its implementation.
Fourth: the legislative environment
Reconsider amending banking legislation in Iraq, which regulates the banking work for the advancement of the reality of banking and in particular the Central Bank Law No. (56) for the year 2004 and the Banking Law No. (94) for the year 2004 and the Law on Registration of Companies No. 21 of 1997 and the law of Iraq Stock Exchange No. 74 for the year 2004 and activate the money laundering law and the law of the new investment.
Fifth: structuring bank financing
The current private bank financing structure mired with many failures and constraints and in order to increase the credit product and funding from private banks and activate their contribution to various aspects of investment and reconstruction and advancing the process of development and move the economic cycle in Iraq see as an essential step is serious is to activate expand the financing of small and medium-sized private enterprises as an objective social and economic a private and urgent priority and that is the Iraqi Central Bank supervisory role and effective oversight at the take over development initiatives and activated, expansion and start its implementation and special fall 6 trillion dinars for this activity.
Sixth: the financing and promotion of small and medium enterprises
Develop and promote the financing of small and medium enterprises according to the following methodology:
1. The role of government to activate in building a strategy for the development of small and medium enterprises is the most important elements of success as the government that have the financial possibilities in a yield economy in which the private sector weakens to a large degree and can not promote this sector without having a plan for the development of this sector and the building and clear mechanisms and declared actively involving the private sector so that it can be turned from a small government sector continued to key partner and then to the commander in investment and construction operations and is done through Mayati:
A. begin to transfer the government sector of port projects and competitor to the private sector to monitor controls and facilitator of the procedures and laws.
2. the issuance of small and medium-sized law firms and small and to help create new jobs and to reduce poverty and destitution and contribute to the economic and social development plans and to reduce high unemployment, which exceeded 25%.
The establishment of the Independent National Commission for the building and the formulation of strategies, policies, systems, finance and lending to boost the profitability of micro and small and medium-sized companies and is this independent body to provide advice and studies to government departments on legislative, regulatory and financing measures to support this sector to be formed of representatives from concerned private sector ministries.
Seventh: The Central Bank of Iraq policies
Activate and revise the instructions and implementing regulations and guidance on the applications of monetary policy and the development of a proactive regulatory regime careful to follow up the implementation and in particular with regard to foreign exchange and Auctions currency overseen by the Central Bank of Iraq and the development of new mechanisms for external transfer and documentary credits and study the possibility of leaving the foreign currency auctions.
Activate and revise the instructions and implementing regulations and guidance on the applications of monetary policy and the development of a proactive regulatory regime careful to follow up the implementation and in particular with regard to foreign exchange and Auctions currency overseen by the Central Bank of Iraq and the development of new mechanisms for external transfer and documentary credits and study the possibility of leaving the foreign currency auctions.
Eighth, guarantee deposits and credit law
The issuance of the Deposit Insurance Act, the credit guarantee and loan and the establishment of the concerned companies to this area.
Ninth: Basel
The issuance of the Deposit Insurance Act, the credit guarantee and loan and the establishment of the concerned companies to this area.
Ninth: Basel
The Central Bank of Iraq to activate the application of Basel (1.2, 3) follow up their implementation with banks and focus on risk management and the application can be applied from the minimum capital requirements and supervisory review process and market discipline.
Tenth: classification of private banks
Re-classification of private banks in accordance with the standards of performance and efficiency of the activity approved the adoption of the international standards that we review and evaluation process a neutral accounting institutions accredited under the supervision of the Central Bank of Iraq.
Eleven: technical gap
Address the technical gap and secure the legal and technical requirements for twinning widespread among government banks and private banks on the one hand and between international banks on the other hand in order to develop the banking, modernization and regulation of the financial and monetary circulation processes the payments system according to the latest applied modern electronic banking systems in the world.
Twelve: banking merger
Twelve: banking merger
The Central Bank is preparing to review the analytical study of the reality of private banks in the light of the financial results for 2015 and make decisions critical to integrate small-sized banks and weak activity with large and discreet banks with a view to the development of the private banking sector.
To be specific banking merger rules and means to address the problems and constraints of working in banks and not transfer their problems to other banks sober.
(*) Researcher and economist
OOTW
THE GOI WANTS TO STOP THE CURRENCY AUCTIONS, TRYING TO INTERCEDE CBI POLICY/ MONETARY PRACTICES –
THE SLC IS BLOCKING THEIR ATTEMPTS.
YESTERDAY THERE WAS AN ARTICLE WHICH STATED THAT THE GOI COULD AMEND CBI BANKING LAW BECAUSE IT WAS NOT INGRAINED IN THE CONSTITUTION, IN ORDER TO TAKE OVER CONTROLS OF THE MONETARY POLICY.
THERE WAS AN ARTICLE YESTERDAY… WHEREIN I BELIEVE SALEH WAS QUOTED AS SAYING THAT BECAUSE THE CBI BANKING LAW IS NOT PROTECTED IN THE CONSTITUTION, NOR WAS IT A PART OF THE CONSTITUTION, THAT THE LAW COULD BE AMENDED BY THE GOI.
WHETHER WE ALL AGREE THAT THE GOI DOESN’T HAVE THE RIGHT TO INTERFERE IN MONETARY POLICY, THEY DO HAVE THE RIGHT TO SEAT PEOPLE ON THE BOARD OF THE CBI.
I FEEL THERE IS A STRONG POTENTIAL THAT THE ECONOMIC COMMITTEE WILL FORCE THE ISSUE WITH THE IMF NOW IN ON THE GAME.
THIS IS A MANDATE.
BGG
I had a VERY interesting conversation with an int’l attny – he is hearing the same things…
Not sure what is up – but something has “stirred the waters” – over there or here, he’s not sure…
But there is a lot of talk amongst the bigger players right now.
[Was your conversation dinar related or just general financial convo?]
Pure Dinar – PURE RV related.
BGG Blog
Not sure what is up – but something has “stirred the waters” – over there or here, he’s not sure…
[Was your conversation dinar related or just general financial convo?]
Pure Dinar – PURE RV related.
BGG Blog
Middle East Online
Putin: premature to discuss asylum for Assad
Russian President Vladimir Putin said Tuesday it was premature to say whether Moscow would grant asylum to embattled Syrian leader Bashar al-Assad, who had made “many mistakes.”
“You know I believe that it is premature to discuss this,” Putin said in the second half of a two-part interview with German mass circulation daily Bild.
“We gave asylum to Mr Snowden, it was more difficult than giving it to Assad,” he said, referring to fugitive US intelligence leaker Edward Snowden, granted asylum in Russia in 2013.
“First one needs to give the Syrian people an opportunity to have their say,” Putin said, according to a Russian-language transcript of the interview published by the Kremlin.
“And I assure you that if this is done in a democratic way, then maybe he won’t have to go anywhere. And it does not matter whether he is president or not.”
Global powers are seeking to push the Syrian regime and opposition to the negotiating table in a bid to end the nearly five-year war that has killed 260,000 people.
A UN-backed plan foresees talks between the different sides starting on January 25, the establishment of a transitional government within six months and elections within 18 months.
Putin — who launched a bombing campaign in the war-torn country on September 30 — appeared to defend Assad, although he acknowledged the Syrian president had made “many mistakes” since the conflict broke out in 2011.
The unrest would not have escalated so quickly “if from the very beginning it had not been fuelled from abroad — with a huge amount of money, weapons and fighters,” Putin said.
“Assad is not seeking to annihilate his own population. He’s fighting those who have come to him with arms,” Putin added.
“And if the peaceful population suffers because of that then I think that it is primarily those who are fighting him with arms in their hands and who are helping the armed groups that are responsible for this.”
The Kremlin strongman reiterated that the Russian military has also been helping the armed anti-Assad opposition.
“We are talking about hundreds, thousands of armed people who are fighting ISIL,” he said, using an alternative name for the Islamic State group.
“We support both the Assad army and the armed opposition. Some of them have already publicly announced this, some prefer to remain silent but the work is ongoing.”
Article Link
Russian President Vladimir Putin said Tuesday it was premature to say whether Moscow would grant asylum to embattled Syrian leader Bashar al-Assad, who had made “many mistakes.”
“You know I believe that it is premature to discuss this,” Putin said in the second half of a two-part interview with German mass circulation daily Bild.
“We gave asylum to Mr Snowden, it was more difficult than giving it to Assad,” he said, referring to fugitive US intelligence leaker Edward Snowden, granted asylum in Russia in 2013.
“First one needs to give the Syrian people an opportunity to have their say,” Putin said, according to a Russian-language transcript of the interview published by the Kremlin.
“And I assure you that if this is done in a democratic way, then maybe he won’t have to go anywhere. And it does not matter whether he is president or not.”
Global powers are seeking to push the Syrian regime and opposition to the negotiating table in a bid to end the nearly five-year war that has killed 260,000 people.
Putin — who launched a bombing campaign in the war-torn country on September 30 — appeared to defend Assad, although he acknowledged the Syrian president had made “many mistakes” since the conflict broke out in 2011.
The unrest would not have escalated so quickly “if from the very beginning it had not been fuelled from abroad — with a huge amount of money, weapons and fighters,” Putin said.
“Assad is not seeking to annihilate his own population. He’s fighting those who have come to him with arms,” Putin added.
“And if the peaceful population suffers because of that then I think that it is primarily those who are fighting him with arms in their hands and who are helping the armed groups that are responsible for this.”
The Kremlin strongman reiterated that the Russian military has also been helping the armed anti-Assad opposition.
“We are talking about hundreds, thousands of armed people who are fighting ISIL,” he said, using an alternative name for the Islamic State group.
“We support both the Assad army and the armed opposition. Some of them have already publicly announced this, some prefer to remain silent but the work is ongoing.”
Article Link
Iraqi News
Abadi arrives in Basra to chair Council of Ministers session
On Tuesday, Prime Minister Haider al-Abadi arrived in Basra to hold the regular cabinet meeting in the province, along with a number of ministers.
A statement received by IraqNews.com said, “This morning, Prime Minister Haider al-Abadi arrived in Basra International Airport to hold the regular session of the Council of Ministers in the province, along with a number of ministers,” noting that, “Abadi was received by the governor of Basra Majed Nasraoui, in addition to many local government officials.
Earlier today, Head of the Provincial Council of Basra Sabah al-Bzoni revealed, that the Council of Ministers will hold its regular session in Basra Province to discuss several issues including the construction of the dam in Basra, insistence of the local government to build the dam in Abu Flus area, in addition to discussing the security file.
Article Link
On Tuesday, Prime Minister Haider al-Abadi arrived in Basra to hold the regular cabinet meeting in the province, along with a number of ministers.
Earlier today, Head of the Provincial Council of Basra Sabah al-Bzoni revealed, that the Council of Ministers will hold its regular session in Basra Province to discuss several issues including the construction of the dam in Basra, insistence of the local government to build the dam in Abu Flus area, in addition to discussing the security file.
Article Link
wmawhite
Something…that rcookie was trying to point out as he presented the budget was that all of the IMF requirements concerning reforms were contained within the budget.
All of the discussion over the months are found within the budget.
BGG Blog
BGG Blog
KTFA CC
KTFA Monday Night Conference Call
Approx. 99 minutes long
The first part is Business Promo and the second part is Dinar/Iraq Intel
PLAYBACK#: 641.715.3639, PIN: 156996#
https://www.freeconferencecallhd.com/playback_rudd/?n=OTQCw/uyy8M
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Walkingstick: Parliamentary Finance: duties, taxes and customs, and the state leases represent 20% of the budget
Economy and Tenders Since 01/12/2016 14:29 pm (Baghdad time)
Special – scales News
Said the Finance Committee in the House of Representatives member Hossam punitive, Tuesday, on the need to activate the collection of fees and taxes in the joints of the country and the collection of rents in the state fair, noting that the collection of this money will solve 20% of the budget.
He said the punitive L / scales News /, “The government should think of serious solutions down fiscal revenue because of falling oil prices in the global market,” pointing out that “this crisis real with the escalation of increased production and export of oil, due to oversupply on the one hand and oil policies intended by some countries, including Saudi Arabia. ”
He stressed “the need to deal with this crisis as a real government and people of the crisis,” pointing to “the need for attention to the collection and the collection of all non-oil revenues, through the activation of the customs tariff, and the emphasis on taxes, fees, and rents for the state, and all what is in the interest of the treasury of the Federal State , and this accounts for 20%, which is registered in the budget of 15%, but if these conditions obtained the 20% will replace us. ”
Oil is the main source of income for the budget in Iraq, as revenues constitute approximately 90% of the total financial budget.
But the drop in oil prices led to a significant budget deficit in the country, prompting the government to increase production in order to reduce the deficit, external borrowing, which always warns him supreme religious authority and economic experts.
While government officials calling for diversifying sources of income and activation of agricultural and industrial production sectors and Alzeraib, fees and customs, rather than relying on oil.
He revealed to the economic and investment commission in parliament member Ahmad Kanani, L / scales News /, the existence of corruption in the collection of fees and taxes process, stressing the need to develop new ways to collect funds and private land ports. / Ended 29 n / 10
Stage3Alpha:
Megameallionear: BEWARE…………..LIKELY POST RV EXPERIENCE
A rapper exiting an Atlanta bank, found himself in handcuffs and on the ground with guns pointed at his head after police stopped him for making a substantial withdrawal from his account, the Atlanta Journal-Constitution is reporting.
According to Sam Benson — who goes by the stage name of “Blac Youngsta” — he had just exited a Wells Fargo branch in the upscale community of Buckhead after withdrawing $200,000 in order to buy a new car.
“I come out the bank, I see the police, I’m walking to my car, I see one of them point to my bag like ‘him,’” explained the rapper. “They come bum-rushing me at the car, put me on the ground, putting guns to my head.”
“I’m like ‘What I’d do,’” Benson continued. “A lady was like I’m not supposed to have $200,000 on me. I’m like, ‘I’m a millionaire. How can I not have $200,000 on me?’”
Benson was signed last year to the Collective Music Group label founded by rapper Yo Gotti.
A spokesperson for the Atlanta police department explained that they were responding to a call “at the request of the bank manager” before finding “that no crime had been committed.”
According to the rapper, he intended on using the money to buy a new Mercedes, stating, “Where I come from,we don’t believe in taking checks to the car lot. We take cash money.”
On Facebook, Benson posted a picture of himself in handcuffs and on the ground — surrounded by laughing police officers.
PLEASE DO BE SMART…
DON’T WITHDRAW MORE THAN $9,999 AFTER YOUR EXCHANGE.
DON’T DRAW UNNECESSARY ATTENTION TO YOURSELF.
DON’T BREAK THE BANK COS’ YOU FEEL LIKE A MILLIONAIRE.
KEEP IT SIMPLE.
THERE ARE BETTER WAYS TO MOVE MONEY AROUND!
DO IT THE S.M.A.R.T. WAY, NOT THE RAPPER WAY!!! IMHO.
http://www.rawstory.com/2016/01/atlanta-police-stop-and-put-gun-to-head-of-rapper-after-he-withdraws-200000-from-his-bank/
TNT
Mobious: new world economics = No Pay, No Play ……. CREDIT is dead
Harambe: Crude oil prices fall as much as 20 percent since beginning of the yearhttp://www.cnbc.com/id/103296411
Four2atous: The real news is in China= http://www.bloomberg.com/news/articles/2016-01-11/hong-kong-yuan-interbank-rate-rises-by-record-to-all-time-high
Four2atous: China’s yuan spikes higher, but stocks tumble=http://www.reuters.com/article/us-china-markets-idUSKCN0UP04220160112
This is a III parter= Basel Accord An agreement on international banking regulations dealing with how banks handle risk. The Basel Accord focuses mainly on credit risk; it divides banks’ assets into five categories according to how risky they are. The five categories are assets with no risk, 10% risk, 20%, 50% and 100%. All banks conducting international transactions are required under the Basel Accord to hold assets with no more than 8% aggregated risk.
Part II The Accord was promulgated in 1988.Banks in most G-10 countries have implemented it since the early 1990s. It is now considered largely outdated and is in the process of being replaced by Basel II. It is also called Basel I.
Part III OK all of that being said…..Zimbabwe mining is THE asset on which they are justifying their evaluation……now what?= http://www.zimdaily.com/?p=42034
Harambe: Crude oil prices fall as much as 20 percent since beginning of the yearhttp://www.cnbc.com/id/103296411
Four2atous: The real news is in China= http://www.bloomberg.com/news/articles/2016-01-11/hong-kong-yuan-interbank-rate-rises-by-record-to-all-time-high
Four2atous: China’s yuan spikes higher, but stocks tumble=http://www.reuters.com/article/us-china-markets-idUSKCN0UP04220160112
Part II The Accord was promulgated in 1988.Banks in most G-10 countries have implemented it since the early 1990s. It is now considered largely outdated and is in the process of being replaced by Basel II. It is also called Basel I.
Part III OK all of that being said…..Zimbabwe mining is THE asset on which they are justifying their evaluation……now what?= http://www.zimdaily.com/?p=42034
Dinar Updates
RCookie THE BUDGET AND ITS CONTENT WERE ONLY PART OF THE NEWS FROM LAST NIGHT…IN INK…
TARIFFS & TAXES LAUNCHED…
SMART CARDS (MOXIBUSTION CARDS) FOR IMPORT/EXPORT SINGLE WINDOW LAUNCHED…
BUDGET POSTED (REVISED) WITH T&T AND STATEMENT OF POSTING IN GAZETTE…
ELECTRONIC MECHANISMS FOR INTER COMMUNICATIONS BETWEEN ALL BORDER CHECKPOINTS…
COMPLETE BREAKDOWN OF BUDGET LAST NIGHT …
MAJOR CHANGE IN CBI LAW & POLICY…
ARTICLE 26 WITH CBI ABLE TO LEND DIRECTLY TO GOI…
ALL LOANS FOR IRAQ…WB..IMF…ISLAMIC BANKS..COMMERCIAL BANKS…JICA
JAPANESE LOAN…AND MANY MORE ALL ACCOUNTED FOR IN BUDGET.
THE BUDGET IS IN 100% CONFORMITY WITH IMF & WB MANDATES AND EVERYTHING IS THERE INCLUDING KURDS 17%…PESHMERGA 3%…OIL AGREEMENT PARTICULARS
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Firefly You folks still trying to figure out the rate? I GUARANTEE IT WON’T BE 5 CENTS…OR 1:1. 1:1 isn’t going to work.
I don’t do rates but anything less than pre- war makes absolutely no sense to me just IMO.
Those are the only REAL numbers that have been in print… IMO…We are at the end now…From what I am being told by many people.
IMO they have run out of time…
BGG Blog
TARIFFS & TAXES LAUNCHED…
SMART CARDS (MOXIBUSTION CARDS) FOR IMPORT/EXPORT SINGLE WINDOW LAUNCHED…
BUDGET POSTED (REVISED) WITH T&T AND STATEMENT OF POSTING IN GAZETTE…
ELECTRONIC MECHANISMS FOR INTER COMMUNICATIONS BETWEEN ALL BORDER CHECKPOINTS…
COMPLETE BREAKDOWN OF BUDGET LAST NIGHT …
MAJOR CHANGE IN CBI LAW & POLICY…
ARTICLE 26 WITH CBI ABLE TO LEND DIRECTLY TO GOI…
ALL LOANS FOR IRAQ…WB..IMF…ISLAMIC BANKS..COMMERCIAL BANKS…JICA
JAPANESE LOAN…AND MANY MORE ALL ACCOUNTED FOR IN BUDGET.
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Firefly You folks still trying to figure out the rate? I GUARANTEE IT WON’T BE 5 CENTS…OR 1:1. 1:1 isn’t going to work.
I don’t do rates but anything less than pre- war makes absolutely no sense to me just IMO.
Those are the only REAL numbers that have been in print… IMO…We are at the end now…From what I am being told by many people.
IMO they have run out of time…
BGG Blog
rcookie
THE BUDGET AND ITS CONTENT WERE ONLY PART OF THE NEWS FROM LAST NIGHT…
IN INK…TARIFFS & TAXES LAUNCHED…SMART CARDS (MOXIBUSTION CARDS) FOR IMPORT/EXPORT SINGLE WINDOW LAUNCHED…BUDGET POSTED (REVISED) WITH T&T AND STATEMENT OF POSTING IN GAZETTE…
ELECTRONIC MECHANISMS FOR INTER COMMUNICATIONS BETWEEN ALL BORDER CHECKPOINTS… COMPLETE BREAKDOWN OF BUDGET LAST NIGHT…
THE BUDGET IS IN 100% CONFORMITY WITH IMF & WB MANDATES AND EVERYTHING IS THERE INCLUDING KURDS 17%…PESHMERGA 3%…OIL AGREEMENT PARTICULARS.
Wealthwatch.world (Chat)
News With Links & Discussion
chattels: Former Iraqi Prime Minister Ayad Allawi cautioned on Sunday that further escalation of tensions among different groups may lead Iraq to irreversible breakup.
chattels: Allwai’s concern comes as new sectarian militia bands are being set up and funded by regional powers that lead a proxy war in Iraq.
chattels: Allawi who has long been seen as an ally of the Kurds in Baghdad said he did not oppose Kurdish self-determination but questioned the “timing and the geography” of the possible Kurdish state. He also warned that the Shiite stronghold port of Basra in south Iraq, which holds the country’s largest oil reserves, could be “a time bomb” that would soon demand secession.
chattels: The Electoral Commission in Iraq announced its initial approval in August of a petition signed by hundreds of thousands of residents in Basra, 550 km south of Baghdad, to hold a referendum and make the province an autonomous region, similar to the Kurdistan region.
chattels: Read more at rudaw.net/english/middlee…
http://rudaw.net/english/middleeast/iraq/11012016
chattels: ERBIL, Kurdistan Region – Iraq’s southern, oil-rich Basra province is threatening to sue for autonomy if Baghdad continues to extract from its vast oil resources while ignoring calls for better basic services, such as water and electricity.
chattels: rudaw.net/english/middlee…
http://rudaw.net/english/middleeast/iraq/110120161
chattels: ERBIL, Kurdistan Region – Gunmen set off a car bomb before storming a shopping mall in an eastern Shiite neighborhood of Baghdad on Monday, killing at least 10 people and taking hostages, news agency reports said. Police and medical officials said the gunmen set off the car bomb to open the way for fighters to move into the mall, the Associated Press reported from Baghdad. ‘
It quoted officials as saying another 25 people were wounded in the attack and that three police are among the dead. The officials estimated that 50-75 people remained trapped in the mall. There was no immediate claim of responsibility for the attack, but the Islamic State group that is at war in Iraq often targets the country’s Shiite majority
chattels: rudaw.net/english/middlee…
http://rudaw.net/english/middleeast/iraq/110120162
Donnie: ‹@chattels› OK – I’m still on board until the end of the day – BLUWOLF just said we are only minutes away from RV!!!!!! YIPPEE lol
chattels: ‹@Donnie› excellent
time2rv: Newshound Guru OOTW Article: “Parliamentary Economic proposes to change the central bank policy and stresses: financial situation would be “the biggest challenge” [What is your sense of these articles?]
THE MOST CLEAR ASPECT I SEE IS THAT THEY WANT AND NEED TO GET THEIR EXPORTS GOING AND THIS IS THE PRIMARY REASON FOR ADDRESSING THE VALUE OF THE IQD. …WE’VE ALREADY SEEN THE RATE DROP TO 1182.
BOTH THE CBI AND SALEH (ADVISER TO ABADI) AND THE ECONOMIC COMMITTEE HAVE PUBLISHED THEIR LISTS OF NEEDED REFORMS TO THE ECONOMIC AND BANKING CONDITIONS.
THEN WE HAVE THE PARLIAMENT SITE, STEADILY POSTING ANNOUNCEMENTS THAT PEOPLE NEED TO START SUPPORTING/BUYING IRAQI PRODUCTS.
THE MINISTRY OF TRANSPORT AND TRADE HAVE BOTH PUBLISHED ANNOUNCEMENTS REGARDING THE NEED TO PREPARE FOR INTERNATIONAL TRADE…AS WELL AS AGREEMENTS WITH OTHER COUNTRIES (STATUS OF – MOVING FORWARD). [post 1of 2….stay tuned]
time2rv: Newshound Guru OOTW REPAIR OF THE PORTS AS WELL. ARTICLES FROM ECONOMISTS STATING THAT IRAQ HAS TO JUMP START THE ECONOMY VIA TRADE (ESP EXPORTS) AND STATING THAT THE CURRENT VALUE OF THE DINAR DOESN’T SUPPORT THAT…
LIKEWISE, SOME OF THESE ECONOMISTS STATE THEIR (VALID) REASONING AS TO WHY THE IQD VALUE SHOULD BE DECREASED OR INCREASED. HENCE THE NEED AS STATED BY ZEBARI AND MOHSEN (SEPARATE ADDRESSMENTS) RE THE STUDY OF THE VALUE OF THE DINAR.
ABADI ALSO STATING THAT THEY NEED TO INSTITUTE THE TARIFFS TO HELP REBUILD THEIR RESERVES.
THE REASON BECAUSE THE ECONOMISTS KEEP HARPING ON THIS – IS BECAUSE IT NEEDS TO BE DONE…
YET, OVER ALL THESE YEARS…WE STILL SEE A CONTINUED POLICY OF CONFLICT BETWEEN THE ECONOMIC ADVISERS AND GOVT COMMITTEES VS THE CBI. I AGREE WITH THE THOUGHTS OF MANY OTHERS..SOMETHING IS AFOOT. [post 2 of 2]
rocknrollbus: Plus the fact they are finding monies right and left……..
rocknrollbus: Well…..not really finding……just following paper trails of the corrupt!
Doug_W: that’s a LOT of trails too
OOTW: I FOUND AN ARTICLE, THAT, IF TRUE..IS HORRIBLE
Doug_W: don’t say such things OO
OOTW: WELL IT’S ABOUT THE AMNESTY LAW
OOTW: AND IT COMES FROM JUSTICE NEWS AND I VERY MUCH RESPECT THEIR ARTICLES AND RESEARCHERS/JOURNALISTS
OOTW: For those aspiring to the amnesty law, the execution of Judge Rahim will ensure pass this law .. !! Justice News November 6, 2015General topics Maybe Sastgrb followers This linkage between amnesty seasonal Act and the annual Hakboa got used to it and has not stopped since our consciousness we generation sixties and beyond,
and, between the judge of a special model accused precedence and insisting, among other administrative irregularities turned in the courts (colleagues) to terrorist crimes and crimes involving moral turpitude and, still their numbers are increasing in the corridors spend descended to the bottom of the Alsavljen ..
OOTW: The answer should know all waiting for the amnesty law which subjected to forms of delay, modification, change and the delay is that the amnesty law has not been passed because Mahmood and Bouksth known and Donath which persuaded the National Alliance to reject any legislative changes to the disintegration of his grip staffing, administrative and financial on the three Alras judicial waist ,
which has long facilitated them system of accounting control and amnesty according to the orientation of sectarian, political and Almnafieh and Alafassadah, you may use the same method to persuade al-Maliki and (state Ruin) that the promulgation of this law means the loss marked the governed Bmcarm amnesty for loyalists and supporters and cowards and silent,
or deterrence and displacement for those who objected to their way of honorable and brave, which executed days shops of the Ministry of Justice Hassan Shammari and the government of al-Maliki and the Presidency of al-Khazali, as happened with the acquittal of well-known nationally and internationally,
such as the criminal Mishan Jubouri criminal Join regret to scum-Maliki and the criminalization of a professional judge brave raise his voice against the Festival of murder and corruption of government corruption and cover-up of the judicial days the same Nuri al-Maliki accused
OOTW: SIDENOTE..JUSTICE NEWS HAS HAD IT OUT FOR MAHMOUD AND MALIKI FOR YEARS NOW
OOTW: Today Medhat al-Mahmoud who was able to bribe Dr. Allawi issue of re-trial of his cousin Mohammed Allawi and his friend Hbibi, had been able to also convince them that he will design the law of the penal law, only to take revenge on the Rahim and full-Hassani and the rest of Almaatardhan on their march Alanahtatih,
he did not hesitate even to refer amnesty in law to forgive the murders, but he ruled out (offenses against the statutory bodies set out in Articles (226 224 223) of the Penal Code No. (111) of 1969 (revised) as it was not preceded by any general or special amnesty law passed since the founding of the Iraqi state to confirm Donath and Khsth,
he provoked laughter and surprise of all government and parliamentary forces that rejected him and stayed back and fine-tune it with infected Battb professional, administrative and ethical government,
just to satisfy Donath and his followers from the judicial Algeslat who did not Qua will not be able to escape before a judicial TAWD expose some of the judicial Jifam and Sermm in Mzabl Balgarib history, God ..
OOTW: That is why we invite anyone who wants to pass the amnesty should seek to complete the death sentences and executions against Judge Rahim and both refused to judicial corruption and we will ensure you pass the law amnesty, including the possibility of amnesty for sodomy crimes between the judiciary and the Mharmanm .. God forbid … Justice News
OOTW: THE AMNESTY LAW SAW A QUASI ENACTMENT WHEN ABADI RELEASED THOUSANDS FROM THE PRISONS
OOTW: I KIND OF EXECUTIVE ORDER FROM HIM – BUT IF TRUE THAT ALLAWI TRADED THE FREEDOM OF OTHERS TO SAVE HIS FAMILY MEMBER AND FRIEND IN EXCHANGE FOR THE DISSOLUTION OF HIS SUPPORT FOR THE AMNESTY LAW, TRULY A DARK DAY
OOTW: HERE IS A VERY INTERESTING ARTICLE
OOTW: TY PUNISHER
OOTW: Corruption whales are moving to address the cancellation of the central bank auction Writings Monday January 11.2016 Revealed an MP for the coalition of state law Zainab Arif visual that whales corruption and their representatives from politicians intend to form an opposition to the decision to cancel the central bank, which caused the loss of Iraq to tens of billions of hard currency auction block. Confirmed in a statement today,
“The Whales of corruption and their supporters of political work behind the scenes to form the largest opposition bloc of the decision to cancel the central bank auction, pointing out that “the personal interests ahead when some politicians on the interest of the people.”
visual and called for the gradual reduction and simple to auction Central Bank, which does not exceed the limits of the difference between the market price and the price of the Central Bank of Iraq, in conjunction with legislation Law Where did you get this for all officials and party leaders who are above the law.
OOTW: For its part, launched the Integrity Commission, electronic system particular to receive complaints and reports the amount of cases of financial and administrative corruption in government departments as well as the means of receiving other communications.
OOTW: “OTHER COMMUNICATIONS” SUCH AS COMPLAINTS PERTAINING TO CORRUPT BANKING PRACTICES …LOL
OOTW: According to a statement of the Commission that: “under the rules The new will facilitate the process of obtaining accurate data about each complaint or communication sent by the citizens who are exposed to or witness harassment or cases of blackmail or demand bribes or other situations of reporting suspicions of corruption in government institutions.
OOTW: “The statement said,” The new system, which will work through its own icon on the main page to the official website of the body, the possibility of taking quick and appropriate measures about each complaint or provides communications submitted to the Commission to curb the scourge of corruption and deter corrupt according to the law. ”
OOTW: NOW…HERE IS THE CORRESPONDING ANNOUNCEMENT FROM THE INTEGRITY COMMISSION
OOTW: Integrity board will proceed to work a new electronic system for receiving reports and complaints from the public about cases of corruption 11/1/2016 Readers Number: 100 Integrity fired the board on Monday 11/1/2016 special electronic system to receive complaints and reports the amount of cases of financial and administrative corruption in government departments as well as other means of receiving communications.
Under the new system will facilitate the process of obtaining accurate data about each complaint or communication sent by the citizens who are exposed to or witness harassment or extortion cases or demand bribes or other situations of reporting suspicions of corruption in government institutions.
The new system, which will work through its own icon located on the home page of the official site of the electronic board of the possibility of taking quick and appropriate measures about each complaint or communication is submitted to the board to reduce the scourge of corruption and to deter corrupt according to the law.
http://wealthwatch.world/showthread.php?tid=3707&pid=9052#pid9052
OOTW: THE GOI WANTS TO STOP THE CURRENCY AUCTIONS, TRYING TO INTERCEDE CBI POLICY/MONETARY PRACTICES – THE SLC IS BLOCKING THEIR ATTEMPTS
OOTW: YESTERDAY THERE WAS AN ARTICLE WHICH STATED THAT THE GOI COULD AMEND CBI BANKING LAW BECAUSE IT WAS NOT ENGRAINED IN THE CONSTITUTION, IN ORDER TO TAKE OVER CONTROLS OF THE MONETARY POLICY
OOTW: TO STOP THE AUCTIONS
OOTW: THIS IS ONE KETTLE OF FISH
OOTW: NO COINCIDENCE, IN MY MIND , THAT SALEH CAME OUT A WEEK AGO (OR SO) AND POINTED THE FINGER AT THE CBI FOR CORRUPTION AS WELL AS CONTINUING / ALLOWING MONEY LAUNDERING – AND NOW WE HAVE THIS
OOTW: VERY INTENSE SITUATION
OOTW: THE PRESS RELEASE FROM THE INTEGRITY COMMISSION IS STATING THAT THEY’RE OPENING UP THE ABILITY TO FILE ELECTRONIC COMPLAINTS RE CORRUPTION AND THE KITABAT ARTICLE IS STATING THAT THIS IS ALSO INTENDED TO REPORT AGAINST THOSE COMMITTING ILLEGAL PRACTICES THROUGH THE BANKS
THERE WAS AN ARTICLE YESTERDAY THAT I READ, WHEREIN I BELIEVE SALEH WAS QUOTED AS SAYING THAT BECAUSE THE CBI BANKING LAW IS NOT PROTECTED IN THE CONSTITUTION, NOR WAS IT APART OF THE CONSTITUTION, THAT THE LAW COULD BE AMENDED BY THE GOI –
THE SLC IS GOING TO FIGHT THIS TOOTH AND NAIL. THIS IS A BIG DEAL AS FAR AS I CAN TELL,
AND WHETHER WE ALL AGREE THAT THE GOI DOESN’T HAVE THE RIGHT TO INTERFERE IN MONETARY POLICY, THEY DO HAVE THE RIGHT TO SEAT PEOPLE ON THE BOARD OF THE CBI –
I THINK AFTER SALEH’S AND HAFEZ’S PRESS RELEASE LAST WEEK (CONFERENCE) THEY’RE CALLING OUT THE BANK/MOHSEN, AND CORRUPT MP’S TO THE PUBLIC AND THIS TELLS ME THAT THEY ABSOLUTELY INTEND TO DO SOMETHING ABOUT THIS.
OOTW: I FEEL THERE IS A STRONG POTENTIAL THAT THE ECONOMIC COMMITTEE WILL FORCE THE ISSUE WITH THE IMF NOW IN ON THE GAME
OOTW: THIS IS A MANDATE
OOTW: THE GOVT HAS TO GET ITS BANKING ACT TOGETHER (PUN INTENDED)
OOTW: US raid on a building in central Mosul Daash includes millions of dollars Writings Tuesday, January 12, 2016 Washington: Two sources the United States Department of Defense, “Pentagon” revealed on the implementation of the US Air Force to strike on a building contains a huge amount of organizing an Islamic state in Iraq and the Levant or what is known as “Daash,” in the city of Mosul, northern Iraq funds.
And the sources that the strike has using two bombs each weighing them 2000 pounds (about 908 kilograms) which led to the destruction of the entire building, without clarifying the way they have been identified in which the nature of this building. did not eclipse the sources for the currency,
which was inside the building or on the amount of exactly except that one of the sources said It’s “millions” and the organization was used for payment and fund operations and combatants. It is noteworthy that the United States considered such a strike very sensitive as there are civilians near the building, where the drones remained flying and monitor the site for days in order to determine the most appropriate time for the targeting of who carried out the Sunday dawn.
chattels: Reidar Visser @reidarvisser 5h5 hours ago ISIS reportedly claims responsibility for today’s major suicide terror attack on outskirts of Baghdad
www.alliraqnews.com/modul… …
http://www.alliraqnews.com/modules/news/article.php?storyid=26806
chattels: Joel Wing @JoelWing2 4h4 hours ago Heavy fighting in Sufiya in Ramadi area right after it was declared cleared
chattels: Joel Wing @JoelWing2 4h4 hours ago KRG’s Natural Resource Min said it exported avg. 584k bar/day in oil in Dec
ekurd.net/iraqi-kurdistan… …
http://ekurd.net/iraqi-kurdistan-news-in-brief-january-11-2016-2016-01-11
chattels: Erbil, Kurdistan Region – The Kurdistan Regional Government (KRG) said in its monthly oil report on Monday that the autonomous region exported 18.1 million barrels of oil in December. “KRG exported 18,105,734 barrels of crude oil (an average of 584,056 barrels per day) in the month of December through the Kurdistan pipeline network to the port of Ceyhan in Turkey,” said the oil exports report, by the KRG’s ministry of natural resources.
chattels: rudaw.net/english/kurdist…
http://rudaw.net/english/kurdistan/110120162
rocknrollbus: ‹@OOTW› ‹@chattels› Does the GOI have the authority to stop the auctions?
time2rv: before and after their will ALWAYS be boombings and mini wars going on well after we finally see an RV, its is no longer imo holding it up
time2rv: fear, war, bombing, fights…is how news lives
chattels: ‹@rocknrollbus› I believe that the CBI has the authority to do so. Why ?
rocknrollbus: ‹@chattels› ‹@chattels› ‹@chattels› As they say in Canada…….surry…..had to fix some din-din
rocknrollbus: ‹@chattels› Was just curious, was it Salih that was scolding the CBI last week about the auctions?
chattels: ‹@rocknrollbus› I do not recall frankly. There have been so many articles with varying content that it has all run together on me.
chattels: ‹@rocknrollbus› I recall some things better than others.
rocknrollbus: ‹@chattels› Don’t tell me you’ve got “oldtimers”!!
rocknrollbus: ‹@chattels› Or……….”sometimers”??
chattels: ‹@rocknrollbus› ” Sometimers “. It is not all of the time, yet.
rocknrollbus: ‹@chattels› I think it was Salih and Fatlawi???
chattels: Joel Wing @JoelWing2 4h4 hours ago Was only 1 car bomb in Baghdad all of Dec Already 2 just today in New Baghdad & Nahrawan
chattels: Sunnis vs. Shiites, Abadi vs. Maliki, Kurds vs. Everyone. Iraq’s military fight against the Islamic State is on the way to victory. Now comes the hard part.
chattels: wealthwatch.world/showthr…
http://wealthwatch.world/showthread.php?tid=3713
chattels: The liberation of Ramadi is now being treated as a fait accompli, though the Iraqi security forces continue to clear Islamic State fighters from some of the city’s suburbs. But the result seems all but assured: The most significant challenges in constructing a post-Islamic State political order in Iraq still lie ahead.
chattels: But the real question facing Iraq is not a military one. The Iraqi security forces have demonstrated their ability to liberate a large urban area, and whether Mosul falls this spring or next winter, the final outcome is not in doubt.
chattels: What is in doubt is the political arrangements that will emerge in Iraq after the military struggle is won — and this is where the U.S. focus should go. For all its failures in Iraq, the United States has endowed the country with democratic institutions — however nascent, immature, and weak — that are worth husbanding. But at least three pending political crises must be closely monitored.
chattels: I – Whither the Sunnis?
chattels: II – Negotiating a New Deal With the Kurds
BOBBY: Chattels. …. evening……. fine points
chattels: III – The Struggle for the Shiite Soul
chattels: Read more at wealthwatch.world/showthr…
http://wealthwatch.world/showthread.php?tid=3713
chattels: Iraq’s Shiite Arabs comprise between 60 and 70 percent of Iraq’s citizens. It is worth continually reminding Western observers of this fact: Given the democratic constitution bequeathed to Iraq by the U.S. occupation, calling Iraq’s government “Shiite-dominated” is somewhat akin to calling that of the United States “white-dominated.”
That the course of Iraq’s future will be charted by its Shiite majority is demographically — and therefore democratically — incontrovertible.
chattels: Iraq’s Shiite community can be roughly divided into two camps, though with deep tensions within each. The first, which is currently in power, gives priority to Iraq’s relationship with the United States and the West. Prime Minister Abadi, of the Islamic Dawa Party, best symbolizes this group, together with those members of his party who spent their exile in London or other Western cities.
Also in this group are the Islamic Supreme Council of Iraq, the Sadrists, and the religious leadership in Najaf and Karbala. Arrayed against this group are those who would prioritize Iranian ties and, by extension, an alliance with Russia as well.
Former Prime Minister Nouri al-Maliki has become the de facto face of this group, but others aligned include many members of the Dawa Party who spent their exile in Iran and Syria, plus the Badr Organization, the League of the Righteous (AAH), and Iraqi Hezbollah (KH).
chattels: Excellent reading ^^^^^^^^^^^^^^^^.
chattels: One of the second-order effects of the Islamic State’s invasion of northern Iraq has been the expansion of the Kurdish Peshmerga into the “disputed territories.”
The territories — which are about equal in size to the current territory of the Kurdistan Regional Government (KRG) and encompass parts of the provinces of Nineveh, Kirkuk, Salahaddin, and Diyala — are disputed because there are rival claims between the Iraqi Kurds and the Baghdad government.
chattels: It is important to note that the Shiite Arabs — Iraq’s majority faction — are largely not a party to these disputes.
chattels: The ” rub ” over the disputed areas is largely with other Sunni. ( Arab, non – Kurds )
rocknrollbus: ‹@chattels› Is the Shiite army called the gray?
chattels: ‹@rocknrollbus› The ” gray ” seems to be the area of Ramadi.
rocknrollbus: Thanx
chattels: Shia militias are ” PMU’s ” or Hash’d or the ” popular crowd ”
chattels: Sunni militias are the ” sons of the tribes ”
chattels: Almost kick-off for the Clemson – Alabama game.
chattels: ” …………… further negotiations must be conducted between Baghdad and the KRG, but the mandate of the regional government’s executive is deeply contested and there is little money to pay for compromises. In this environment, violence cannot be ruled out.”
chattels: Joel Wing @JoelWing2 19m19 minutes ago Badr warns Kurds about trying to annex disputed territories
www.alliraqnews.com/modul… …
http://www.alliraqnews.com/modules/news/article.php?storyid=26713
chattels: Joel Wing @JoelWing2 17m17 minutes ago MP from Iraq’s parliamentary security committee National Guard law not going to be passed anytime soon
www.alliraqnews.com/modul… …
http://www.alliraqnews.com/modules/news/article.php?storyid=26712
chattels: ” the project of the National Guard Law went inclusion of wind I do not think that under the current circumstances can be relied upon to reconsider its Most of the political blocs failed to agree on legislation to point to a lot of negatives in the law. ”
wealthwatch.world/showthr…
http://wealthwatch.world/showthread.php?tid=3714
chattels: ” Some believe that the enactment of this law will create a kind of discord and confusion and the establishment of the armies in the provinces on the grounds that when you edit these areas can not count on this configuration as far as counting on the security forces of the army and the federal police and local police in the maintenance of the security file and save the system.”
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