Post From Dinar Updates
Chat Room Excerpts & Highlights
BGG Sunday Night News Time 10-23-16 Part 2 of 3
BGG says():Moving on... another bit from RCookie... (who, BTW - has been JUST ROCKING the NEWS lately)
rcookie (Dinar Guru) - Article: "Parliament postpones paragraph first reading of the draft first amendment to the Amnesty Law" Quote: "The House of Representatives decided today to postpone the first paragraph the first reading of the draft amendment to the Law of General Amnesty Law, to next Monday's meeting."
BGG says():Which points out - the main law has been passed and is IN EFFECT... However, some are not so happy with the implications... namely Maliki's bunch who have been so hard on opponents.
AND they have been plainly told - if they don't like something about the law - they can ammend it - LEGALLY.
I doubt there will be any fundamental change to the core value of the Law. IMHO
(this GA Law was pushed by the UN - one of their main points).
BGG says():Here's a bit from Kap:
Kaperoni - Said many times that the dinar will float. The CBI monetary policy must change if they want foreign investors.
I put this in to highlight this one thought...
I agree with the idea that the CBI's monetary policy must change... however, I am not convinced a "pure float" is anywhere close to what they have planned. In fact, several key documents plainly state otherwise.
Just pointing that out..
BGG says():Another bit from RCookie:
rcookie - Article: "Economic laws to secure new revenue for the state treasury" Quote: "...seeking for economic and investment commission to push for the adoption of new laws provide new income to the state treasury and is working to develop actually investment in the country."
THIS IS HUGE...HUGE...HUGE... AGENCY REGULATORY ACT...IRAQI COMMISSION ACT...CHAMBER OF COMMERCE LAW NO. 43 (1989)...
ECONOMIC LAWS SPEED SUBMITTING TO HoR IN SHORTEST POSSIBLE TIME...
THIS IS WHAT WE HAVE TALKED ABOUT ...CONCERNING THE CALL FROM IMF FOR ACCURATE...TRANSPARENT TIMELY ECONOMIC & FINANCIAL DATA FROM ALL PROVINCES FOR QUITE SOME TIME...
THEY ARE TELLING US ALL THE ECONOMIC & INVESTMENT LAWS ARE CUED UP AND COMING! [post 1 of 2....stay tuned]
Read More: http://www.dinarupdates.com/observer/
BGG says():And I whole-heartedly AGREE!! This is HUGE, HUGE, HUGE!!
When I first saw this lead, I was like "Whaaaaaaaaattt"?? -
"Economic laws to secure new revenue for the state treasury"
I'm very curious to see how this actually plays out... looking GOOD!!
SRW says to BGG():I think Rcookie is kind of pumped, excited!! How huge Rcookie?!!
This is awesome news!! Thanks BGG, get the facts here! Want hopium then go smoke it, want the whole real facts stay here!!
MrsBGG says():Are there any other questions or comment?
MadDScout says():They are also talking about a more even distribution of the tarrif law recently as Friday as a non oil income
BGG says to MadDScout():Nice...
daytrader says to BGG():We should all be as pumped as rcookie. These laws are the trigger for a massive influx of investment capital. WOW
BGG says to daytrader():They have used the illustration "Iraq will get hit with a WALL OF INVESTMENT MONEY" when these items are handled... IMHO - these were critical points in the WB/IMF negotiations recently.
aminmaine25229787 says():seems to me if they are going to distribute the tarrif that has been collected, then it has to have a value
BGG says to aminmaine25229787():TYVM
BGG says():I guess I should take my little "away" sticker off my profile, now that we're this far into News Time
MadDScout says():Oil Minister: We passed the threshold of 4.7 million b / d and will not reduce production
24/10/2016 (0:01 pm) - The number of readings: 2 - Issue (3765)
Baghdad / term It confirmed the Ministry of Oil, on Sunday, that Iraq has surpassed 4.7 million barrels per day threshold, and while OPEC student to observe that, among the region's production of crude oil currently stands at 546,000 barrels per day.
The oil minister said Jabar Ali Allaibi, in a press statement seen by the "long", that he "should be exempt his country with production constraints because of the war being waged in the face Daesh."
Allaibi He added that "Iraq is engaged in a fierce war for more than two years," adding that it "should be excluded from OPEC's decision to install the production, as in Nigeria and Libya."
In turn, said senior agent of the Ministry Fayad Hassan blessing that "the production ceiling of Iraqi crude oil exceeded the threshold of 4.7 million barrels per day, including production of the Kurdistan region, and therefore must be taken into account by the Organisation of Petroleum Exporting Countries when freezing production."
He added blessing that "Iraq's production of crude oil through the southern ports of oil fields in the center and south, now stands at four million and 228 thousand barrels, whereas the oil production from the region 546 000 barrels per day."
Iraq and said he was seeking access to the full stake in the organization, and he had lost after the economic blockade imposed on him during the nineties.
MadDScout says(): http://www.dinarupdates.com/showthread.php?42842-Oil-Minister-We-passed-the-threshold-of-4-7-million-b-d-and-will-not-reduce-produc
Speaking of oil revenue
Does anyone have a question on anything covered or not
BGG says():OK - Let's finish with this article... then open up for a little discussion.
MadDScout says():I will bring in another report about the rebuilding efforts
david334 says():A comment. Intersting that SA bond deal was over subscribed 4X . The Iraqi Oil Minister said in 3 years Iraqs proved resevers will be 235 billion bbls which is on top of SA
Slightly behiond SA today
MadDScout says to david334():y)
david334 says():Thanks thats it for me moptor mouth