Emailed to Recaps:
Mailman17 CONSIDERING HOW MANY ARTICLES COME OUT OF IRAQ, ONE SHOULD CONSIDER THE VALIDITY BEFORE MAKING A COMMENT OR OPINION.
IF WE FOLLOW WHATS GOING ON IN PARLIMENT AND THE FACT THAT THE MONETARY POLICY CANNOT COME OUT ON A FLOAT AND THAT IRAQ WILL NOT LET OUTSIDE INVESTMENT TAKE ADVANTAGE OF IT AS WELL.
WHEN IRAQ COMES OUT IT WILL BE STRONG AS IN PAR.
THIS AS I HAVE SAID IN THE PAST COMES OUT OF SHABS MOUTH HIMSELF.
KTFAOPINION PIECES HAVE NO PLACE AT THE END OF THIS INVESTMENT OTHER THAN TO WARD OFF SPECULATION AND TO CREATE CONFUSION.
THE RV WILL COME OUT OVERNIGHT.. AND WE JUST HAVE TO FIGURE WHAT NIGHT THAT IS.
PEOPLE NEED TO LOOK AT THE WHOLE PICTURE AND NOT JUST A CORNER.
WHEN ADDED UP, IRAQ IS TELLING US AS WELL AS OUTSIDE ENTITIES LIKE THE IMF, UN ECT THAT THIS IS ABOUT TO BURST.
NOTICE HOW ISIS IS BARELY MENTIONED ANYMORE OTHER THAN SYRIA. YET SOME BELIEVE THEY ARE STILL A FORCE. WERE THEY A PROBLEM...YES...ARE THEY NOW..NO.
RIDES ABOUT TO END...STAY FOCUSED ON THE WHOLE BALL OF WAX AND NOT JUST THE CENTER..
.AND BEWARE ARTICLES PUT OUT BY NO NAMES WITHIN A COMITTEE OR THE SUCH. THEIR OPINION IS WORTHLESS. SOME TAKE IT AS TRUTH. JMO
Walkingstick: Integrity: Maliki and most of his ministers convicted oil licensing rounds and armament and investment projects
Baghdad-Iraq-Presse October -25: Chairman of the Parliamentary Integrity Talal Zobaie said on Sunday that the investigation and audit in the files of corruption operations are still ongoing, and will arrive at the judiciary in the event of completion of the investigation in the nearest time, and this is what we seek within the Commission in collaboration with the competent authorities, adding that "investigations proved condemn the head of the former Iraqi government Nuri al-Maliki and his ministers and most of the files of various corruption."
He criticized Zobaie in a televised interview followed up / Iraq Press / Iraqi government performance led by Haider al-Abadi regarding the corruption files that unveiled recently, and which affected the high-level officials in various disciplines specifically in the energy, oil and armament sector, stressing that "government support is very weak in the detection of this files, and not up to the size of rampant corruption in the country's institutions, and that evidence of the reluctance of the government. "
He added, that "there is an arrest warrant and the introduction of the right of ministers and a number of officials orders will reach more than 130 officials from agents and ministries and rank shall be fixed and managers of two years and a number of other convicted officials of corruption and waste of public money because of him suffering most Iraqis from the decline of their economy and their income standard of living."
Zobaie also confirmed the existence of several convictions against former Iraqi Prime Minister Nuri al-Maliki (2006 - 2014), in addition to members of the former cabinet, most of them convicted of oil licensing rounds and armament and investment projects and many other areas.
The Zobaie had announced early last week the names of dozens of current and former officials, including former ministers accused of corruption and rank shall be fixed issues, some of them sentenced to prison Gapea.anthy (1)
Alf: A new banking story
I went to a WFB today to buy some Dong. I was told that they didn't have it on their screens. I asked if I could see the screen and was promptly shown the screen.
The young lady said she had a business customer very excited about the same currencies that I was inquiring about. She asked me what was going on so I told her about the text messages my cuz and I share.
Her eyes almost popped out of their sockets when she read the texts. She asked if I would stop in from time to time to keep her informed about this. I said why not. I went home and called up a foreign currency teller at another WFB branch and was told that the Dongs weren't in circulation at this time.
As a rule I used to get bounced around when I inquired about the currencies. I asked about the Dong ,Yuan , Rupiah, Iraqi Dinar .
So maybe this is good news for a change from the Banks.
MayIHelpYou: Iraqi Cabinet Approves Next Year's Budget
By SINAN SALAHEDDIN, ASSOCIATED PRESS
BAGHDAD — Oct 19, 2015, 7:53 AM ETIraq's Cabinet has approved next year's budget of about $91 billion, sending it to parliament for final approval, a government spokesman said Monday.
Spokesman Saad al-Hadithi told The Associated Press the budget of 106 trillion Iraqi dinars (about $91 billion) will run with a deficit of 23 trillion dinars ($19.72 billion). Al-Hadithi added that the deficit will be relieved through loans from local and international lenders.
He said the budget calculations are based on an assumed oil price of $45 a barrel with an average daily crude oil output of 3.6 million barrels.
"The budget is realistic and was built on reducing public expenditures to face security and economy challenges," he said, adding that it sets priorities ranging from spending on government forces and paramilitary troops to government-run social benefits and the agricultural sector.
Iraq holds the world's fourth largest oil reserves, some 143.1 billion barrels, and oil revenues make up nearly 95 percent of its budget. Like other oil-reliant countries, Iraq's economy has suffered due to plummeting oil prices since last year.
The country's 2015 budget stands at nearly 119.6 trillion Iraqi dinars (about $102.5 billion) and runs with a deficit of 25 trillion dinars (about $21.4 billion). It is based on an expected price of $56 per barrel with a daily export capacity of 3.3 million barrels.
The country has been plunged into crisis since summer 2014 when the extremist Islamic State group swept across the north and west, seizing vast swaths of territory including Iraq's second largest city Mosul. Government forces, Kurdish fighters and Shiite and Sunni militias have since regained some of that territory with the help of U.S.-led coalition airstrikes.
Reeling from the IS advance, Iraq's government introduced austerity measures earlier this year — eliminating government posts, merging some ministries, halting spending on construction projects and imposing new taxes to pay for civil servants and fund its military. It also planned to issue bonds worth $7 billion — $5 billion in international bonds and $2 billion for domestic banks — to narrow the deficit. The country also secured $1.7 billion in loans from the World Bank and a $833-million loan from the International Monetary Fund.
The harsh economic situation also forced Iraq to revive a long-delayed plan to redenominate the Iraqi dinar by knocking three zeroes off the nominal value of its banknotes. The plan is set now to be implemented by 2017, including a restructuring of the dinar by issuing two large banknotes — a 50,000 dinar note before the end of this year and 100,000 dinar banknote next year — and canceling smaller denominations.
Despite hundreds of billions in oil revenues and international aid since the 2003, Iraqis still suffer from shabby public services and a weak economy due to endemic corruption and poor financial management, as many senior appointments are determined by party patronage and sectarian loyalties.