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Wealthwatch Saturday OOTW Chat 1-9-16 Part 1 of 2
chattels: Finnish police detain ex-Iraqi soldier involved in Speicher massacre rudaw.net/english/world/0... http://rudaw.net/english/world/09012016
chattels: Abadi: 2016 in the eradication of corruption starting from the Ministry of Interior www.alliraqnews.com/modul... http://www.alliraqnews.com/modules/news/article.php?storyid=26528
chattels: So, DAESH and corruption to be eradicated in 2016.
chattels: Parliamentary accountability: legal accountability display and the prohibition of the Baath Party for the second reading to separate the next parliament
chattels: :: 2016/1/8 22:40 • [Baghdad - where] Reconciliation Commission announced that parliamentary accountability and legal accountability, justice and the display ban the Baath Party for the second reading in the next legislative term of the House of Representatives. Committee Chairman Hisham al-Suhail told all of Iraq [where] that "the Commission has completed a lot of laws, but accountability and justice is still around a lot of complaints and problems, but we tuned to this issue."
He added that "the Committee began work three laws, including confiscation of movable and immovable property of the former regime as It was legal accountability reading and justice ban Baath party first reading, adding that "the Commission will begin during the next legislative term of the parliament introduced laws for the second reading."
The House of Representatives has read the first reading of a legal project accountability and justice and the prohibition of the Baath Party in legislative term past. The Presidency House of Representatives on Tuesday identified the day on 19 of the current month of January as the date for the beginning of the second legislative term of the second year of the parliamentary session Aiih.
chattels: KRG digging a trench for the demarcation of borders
chattels: "the trench Kurdish stretching from Sinjar in the Syrian border and Mara of the Nineveh Plain, Erbil and Kirkuk, Salahuddin and Diyala up to Khanaqin on the Iranian border in violation of international conventions and encroachment on the components that live inside This trench.
"He pointed to the" leaks in the media show the map in the form of trench three meters implemented by the Kurdistan Regional Government in agreement with a French company to demarcate the borders of Iraq's Kurdistan region. "
chattels: " this trench cut removes all doubt that there is a project to separate spaces Iraqi for other areas and this could be the nucleus of the project was raised in the media about the demarcation of the border, as we have mentioned above. "
Doug_W: Sadam did that too
Doug_W: filled them with oil and lit them
chattels: trench region may be for political purposes www.alliraqnews.com/modul...
chattels: ‹@Doug_W› this trench is hundreds of kilometers long
Doug_W: it would have 2 B if it is a border trench
chattels: ‹@Doug_W› there is a graph / map in the alliraqinew's article
Doug_W: ty "C"
chattels: Salhi: trench region pave the way and prelude to the division of Iraq
chattels: " the trench Kurdish stretching from Sinjar in the Syrian border and Mara of the Nineveh Plain, Erbil and Kirkuk, Salahuddin and Diyala up to Khanaqin on the Iranian border, an international charters and exceeded the components that live inside this trench . "
chattels: the trench is" for political purposes rather than purely security as he digs the so-called disputed ".
chattels: Anbar Governor: displaced families will return to the liberated areas after the lifting of containers and the maintenance of the land :: 2016/1/9 16:07 • [Baghdad - where]
chattels: The third pronouncement from Mr. Maliki in the past ten days. ........................ Maliki: ready to enact a law authorizing the use of stocks Abadi Central Bank 00:58:55 2016-01-09 | (Voice of Iraq) - Baghdad expressed president of a coalition of state law, Nuri al-Maliki prepared his coalition to enact a law or a resolution in Parliament authorizes the Prime Minister Haider al-Abadi and his government to act with money in the stock of the Iraqi Central Bank to support the budget, Read more: www.sotaliraq.com/newsite...
chattels: Not a studied observation on my part, but the mention of the Interior Ministry in several articles today coincident with the Abbadi announcement of corruption purge beginning with the Ministry of the Interior.
Sam: Good morning Chattels...long time have had to life changes and havent been in here. Where are we sir?
Tootsie: GM ] Tootsie: Baghdad signed a memorandum of understanding with international companies for the implementation of projects on credit Saturday 09-01-2016 | 7:41:33 Twilight News / signed by the governor of Baghdad, Ali Mohsen al-Tamimi, a memorandum of understanding with a number of international companies to implement a number of housing projects, roads, schools, health and infrastructure in the capital and in a way (payment on credit).
A spokesman for the Baghdad governorate morning In a statement MEMRI to Twilight News,
"The governor of Baghdad signed a memorandum of understanding with a number of representatives of Chinese companies, Thai and European to complete service projects in the capital, as well as discuss strategic plans and projects and future special of construction and reconstruction areas."
He explained that the province of Baghdad is an urgent need to develop the service side and promotion after a large number of projects as a result of the financial crisis, and carried out by the province according to the latest international standards rapidly and sophisticated and the duration of a short time, "noting that" the MOU aims to open future avenues for the better. " . CONT ~ wealthwatch.world/showthr...
Tootsie: Central bank: no intention to amend the Iraqi dinar exchange rate Saturday January 9, 2016 17:40Baghdad The Central Bank on Saturday, the lack of intent to amend the Iraqi dinar exchange rate, pointing out that the devaluation of the dinar would lead to damaging the purchasing power of citizens.
The bank said in a statement received by Alsumaria News, a copy of it, he was "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."
The statement added that "the central bank is well aware that any reduction in the value of the dinar meant damaging the purchasing power of citizens because most of their needs are imported."
The prime minister Haider al-Abadi said earlier, that the Iraqi currency backed strongly there is no fear on the exchange rate of the dinar against the dollar, as he pointed to the existence of "manipulation and conspiracy" to influence the current situation. end
Doug_W: hiya Toots
Tootsie: ‹@Doug_W› hiya ~!! here for just a few, LOL
Tootsie: Central bank: address the financial situation is done through the advancement of the real sectors Saturday January 9, 2016 17:41Baghdad Said the Iraqi Central Bank on Saturday to address the financial situation in the country would only be done through the promotion of sectors "real", as he emphasized that the bank's board is the only body authorized according to the law determining the dinar exchange rate.
The bank said in a statement Alsumaria News received a copy of it, that "address the financial situation must be conducted through the promotion of real sectors," noting that "the Bank initiative to provide loans for the promotion of these sectors was a signal and an incentive for the promotion of these sectors."
The statement emphasized that "the bank's board is the only body authorized according to the law determining the dinar exchange rate and every statement in this regard does not issue him is confusion and confusion to the market."
The prime minister Haider al-Abadi stressed, first on Thursday, that the collapse of world oil prices would be a "force" for Iraq and the "benefit" of stimulating positive, as called for activating the single window in the investment, expressed regret for the decline in palm cultivation in Iraq. end wealthwatch.world/showthr...
Tootsie: ‹@Doug_W› all ok your way?? Heck of a hail storm went through the eastern area of Harris Co (Houston) last night. Thankfully not my area , phew. quarter sized hail common, looked like snowed, lots of baseball sized and even some grapefruit sized. Lots of damage at car lots, homes, etc. did Mucho damage, car windows broken out, etc, etc. Poor roofs -
chattels: Headed out for the day. Not a lot of news that I see.
Tootsie: ‹@chattels› correct. I am amused by the thoughts presented with respect to the gold coins. - all the computations. Most of them done w/o taking into effect that gold is a troy oz, not regular. - and I don't see as a prelude to any change in dinar , me anyway,
Tootsie: the coins are supposed to be 24K gold, which is pure, and they mention commemorative , so I doubt they will be carrying in their pockets to the market ~ ;-} but may bring some of the dinar out of the homes for the security of hard currency, who knows. If it does, will decrease the note count as it corresponds to the cost of the coin.
Tootsie: sides, the person would probably be attacked and coins taken, if seen LOL
Tootsie: Hang in there ~~ toodles for now
Donnie: "Central bank: no intention to amend the Iraqi dinar exchange rate" - says it all - no RV
Doug_W: that was MY take too Donnie
OOTW: HI EVERYONE - I WANT TO BRING IN AN ARTICLE OF WHICH I'VE ADDED TO TOOTSIE'S THREAD - AND TYVM TOOTSIE!
OOTW: "Central bank: address the financial situation is done through the advancement of the real sectors "
OOTW: Said the Iraqi Central Bank on Saturday to address the financial situation in the country would only be done through the promotion of sectors "real", as he emphasized that the bank's board is the only body authorized according to the law determining the dinar exchange rate.
OOTW: "the bank's board is the only body authorized according to the law determining the dinar exchange rate."
OOTW: The bank said in a statement Alsumaria News received a copy of it, that "address the financial situation must be conducted through the promotion of real sectors," noting that "the Bank initiative to provide loans for the promotion of these sectors was a signal and an incentive for the promotion of these sectors."
OOTW: The statement emphasized that "the bank's board is the only body authorized according to the law determining the dinar exchange rate and every statement in this regard does not issue him is confusion and confusion to the market."
OOTW: The prime minister Haider al-Abadi stressed, first on Thursday, that the collapse of world oil prices would be a "force" for Iraq and the "benefit" of stimulating positive, as called for activating the single window in the investment, expressed regret for the decline in palm cultivation in Iraq.
OOTW: HERE IS AN ALTERNATE TRANSLATION OF THE LAST PARAGRAPH
OOTW: Prime Minister Haider, yesterday Thursday, the fall in world oil prices will "force" in Iraq and "useful" stimulate positive, so it invites the reactivation of one-stop investment regrets exposed erosion of palm cultivation in Iraq.
OOTW: NOT THAT THAT WAS THAT HELPFUL LOL
OOTW: PALM HAS MANY DIFFERENT MEANINGS IN ARABIC AND CAN REFER TO FINANCIAL, ECONOMIC, LEGAL, MEDICAL ETC - JUST DEPENDING ON ITS PLACEMENT
OOTW: I WOULD SAY HERE THEY INTEND ECONOMIC, LEGAL OR FINANCIAL
OOTW: THE KEY INFORMATION HERE IS THAT THE CBI IS DECLARING THEY'RE SOLELY RESPONSIBLE FOR GOVERNING THE EXCHANGE RATE
OOTW: HOWEVER, THE CONSTITUTION STATES THAT THE GOVT IS RESPONSIBLE FOR OVERSEEING/APPROVING ASPECT OF
OOTW: HERE IS A QUOTE FROM THE CONSTITUTION
OOTW: Article (110): The federal authorities have the following exclusive powers: First: Formulating foreign policy and diplomatic representation, and the negotiation of international treaties and conventions, and debt policies and the signature and conclusion, and drawing foreign economic and trade policy Sovereign.
Second, the development of national security policy and its implementation, including establishing and managing armed forces, to ensure the protection and security of Iraq's borders, and defend it.
Third: To formulate financial policy, and customs, and issuing currency, organizing trade policy among regions and provinces in Iraq, and the development of the state budget, and formulating monetary policy and the establishment of the Central Bank, and his administration.
Fourth: Regulating standards, weights, and.
Fifth: Regulating issues of nationality and naturalization, residence and asylum rights.
Sixth: Regulating the policies of broadcast frequencies and mail.
Seventh: Drawing up the general and investment budget bill.
Eighth: policies relating to water sources from outside Iraq and guaranteeing levels of water flow to him just distribution inside Iraq, according to international laws and norms planning. Ninth: the general census of the population.
OOTW: " Third: To formulate financial policy, and customs, and issuing currency"
OOTW: SO AT THE VERY LEAST, WE MAY GLEAN FROM THIS THAT THE GOI IS RESPONSIBLE FOR APPROVAL OF IQD NOTES
OOTW: WE HAVE SEEN VERIFICATION OF THIS IN THE PAST
OOTW: MOST RECENT COMES TO MIND WHEN MOHSEN MET WITH MEMBERS OF PARLIAMENT/FINANCE COMMITTEE - TO DISCUSS THE ISSUANCE OF THE 50K AND 100K NOTES
OOTW: ON THIS SUBJECT - (AND MORE) HERE ARE SECTIONS OF AN ARTICLE FROM BUTIFLDRM TY BUTI!
OOTW: "50 banks sell the dollar and share financing for projects and experts invited to benefit from liquidity"
OOTW: "Executive Director of the Association of Iraqi banks on Gibraltar, in an interview with the (range), that "the banking sector should have a greater role to meet the challenges of the financial crisis facing the country," returned to "the Government to support the private sector will not achieve the desired results unless there is interest in the banking sector to be able to support agricultural activities and industrial and touristic and real estate."
OOTW: "Tariq said that "private banks in Iraq awaiting Government support not only funding, but legislative and legal environment suitable for work and adoption of the law on the guarantee of deposits," he said, adding that "a Committee at the Central Bank of Iraq to stimulate aggregate loans to finance large projects, which means more participation from Government and private bank through liquidity to support large projects"."
OOTW: And the Executive Director of the Association of Iraqi banks, "the private banks sufficient liquidity to finance government projects", adding: "but that is linked to the Government's support for those legislative and legal" banks.
OOTW: He is a member of the Secretariat of the Iraqi Institute for economic reform Zouhair Al Hassani, told the (range), there are more than 50 governmental or private banks in Iraq currently only sell hard currency remittances without genuine role in supporting productive sectors ", accused the banks and banking agencies" directed by hard currency out of the country. "
OOTW: (CBI STILL PERMITTING CORRUPTION)
OOTW: He is a member of the Secretariat of the Iraqi Institute for economic reform, the State budget does not address the problems in the banking and economic sectors, "returned to" address the problems should take place through out the rentier economy based on oil, the local product support through the application of the law on customs tariff to find honest competition and preventing the exit of hard currency abroad and stop corruption in this area. "
OOTW: THIS IS THE SAME ACCUSATION DR.'S SALEH AND HAFEZ POINTED TOWARDS THE CBI - IN LAST WEEK'S ARTICLE OF THEIR PRESS RELEASE
OOTW: "Al-Hasani stressed the importance of "replacing the auction sell documentary credits under the supervision of the ministries of finance, trade, the Interior and the Central Bank, as well as the revitalization of the business sector through soft loans," Noting that it "constitutes a requirement the basis for national economic growth through 2016."
OOTW: He said a member of the Parliamentary Committee on oil and energy, that "a large number of private banks demonstrated inability to pay deposits and credits both for depositors or companies, predicted that" the current 2016, Iraq difficult economically for lower oil prices and limited imports to the State Treasury.
He was Prime Minister, Haydar Al-Abadi called on (12 December 2015 in the past), the banking sector to "move" in quantity and quality, confirmed the Government's intention to activate the role of the private banks, while he warned against placing "obstacles" delayed action of private banks, pledged to "hold accountable those found wanting".
OOTW: OKAY I WANT TO BRING IN SOME CALCULATIONS FROM WINNERDINAR - HE IS A MATH WHIZ LET ME SHOW YOU WHAT HE'S SAID ABOUT THE GOLD COINS CALCULATIONS (RUMOR) THAT THE COINS REFLECT AN IQD VALUE OF ABOUT 3.00 (AND A BIT MORE, SORRY DON'T HAVE THE EXACT AMOUNT IN FRONT OF ME)
OOTW: "Price of gold today is 1gram equals $35.51 720,000 dinars will buy the new minted 100dinar coin which is 15grams So today 15grams of gold is worth 15x 35.51=532.65 dollars Therefore we deduce That 720,000 dinars buys 15g of gold worth $ 532.65 So 720,000 IQD equals $532.65 Therefore 1IQD equals 0.00073979 dollars Which means no change and more of a slight devaluation Chattels is correct"
OOTW: HERE IS CHATTELS' POST
OOTW: WINNERDINAR GOES FURTHER TO SAY "HOWEVER, THIS IS A GOOD WAY FOR WEALTHY IRAQI'S TO OFF-LOAD THEIR DINAR FOR GOLD - THE AVERAGE POOR PERSON WILL USE RATION CARD ALLOCATIONS TO GET FOOD "
OOTW: I WANT TO ADD THAT IF THE GOLD COINS SHOW NO APPRECIATION IN VALUE IN THE IQD - IN ORDER TO PURCHASE COINS WITH DINAR, DRAW IN DINAR, THE AVERAGE PERSON WILL NOT BE ABLE TO AFFORD THIS EXCHANGE –
WHO WANTS TO HOLD GOLD COINS WHEN YOU'RE POOR, IF THERE'S NO ASCRIBED MONETARY GAIN FOR THESE COINS? PEOPLE WILL KEEP THEIR MONEY IN THEIR MATTRESSES - (TALKING ABOUT THOSE IN POVERTY CONDITIONS) -
OOTW: *IN VALUE VS THE IQD"
OOTW: SO ONE WAY TO SLOWLY PULL IN DENOMINATIONS IS TO USE THE 50K NOTES IN THE MARKET
OOTW: THERE HAVE BEEN CONFLICTING INFO ON THE USE OF THE 50K NOTES - THE VIDEO PRESS RELEASE ABOUT THESE NOTES, WHICH WE POSTED HERE AT WEALTH WATCH, STATES THAT THE 50K NOTES ARE FOR TRANSACTIONS IN THE MARKET PLACE, NOT JUST FOR BIG INTERBANKING TRANSACTIONS
OOTW: THESE NOTES WILL CIRCULATE THROUGHOUT THE ENTIRE MARKET PLACE ONCE PEOPLE CAN ACCESS THEM
OOTW: I PERFORMED SOME SEARCHES YESTERDAY AND THOSE ON EBAY WHO ARE SELLING THE 50K NOTES - HAD TAKEN THEIR ADS DOWN LAST MONTH, ONLY TO REPUBLISH THEM THIS MONTH
Comments may be made at the end of Part 2 Thank You