Morning News Comments 04/08/2015
Central Bank issued Aamama banks to clarify the tax deduction rates
[tlm724] issued a CBI Aamama to all Iraqi banks illustrates the mechanism and controls the tax deduction and related secretariats of customs duties and tax secretariats importers where it was decided to deduct the proportion of 5 percent private insurance customs fees and 3 percent private insurance income tax from importers,
[tlm724] there ya go, instructions for taxes, check !
[cat] uh huh
[tlm724] calculated the Iraqi dinar equivalent of the value of imports in dollars in banks deducted representing 5 percent insurance private fees customs and 3 percent insurance
[tlm724] cat you got your pencil ? lol
[cat] tlm724 yep ready
[tlm724] The central bank held technical meetings with representatives of all banks to facilitate mechanisms and procedures for the new system of tax deductions and customs and amounts and incorporated into the application
[tlm724] incorporated into the application
[tlm724] done deal ! The banks know what to do now, they have their marching orders !
Issuing Mzkih card to secure the rights of displaced people
[tlm724] "the ministry based on the Federal Budget Law and the decision of the government, began issuing smart card for families displaced as a result of terrorist acts *hallelujah* they are issuing them !
Parliamentary Finance: We seek to put forward a new strategy to curb money laundering
[tlm724] Parliamentary Finance Committee revealed, Wednesday, it is seeking to develop a new strategy aimed at reducing money laundering in cooperation with the concerned authorities operations, unexpected launched during the second half of this year.
[tlm724] second half of the year*slap* you best be launching now son
[tlm724] This strategy will bring significant benefits will be reflected positively on the economy of the country and the safety of its security.
Citizen warns of proxy appointment and prepared contrary to the principle of political reform
[tlm724] "the current government works positions managed by proxy, and appoint responsible for them in my own name," warning "to repeat the series Agency in the management of independent bodies.
[tlm724] CBI governor is still a proxy, see where it says "acting" means proxy Wink
[tlm724] remember thru the years I have said we should watch for what MP Yasiri says ?
[tlm724] see him on the board , the bottom line, Gen Manager Wink
Cabinet Secretary confirms the government's efforts to reduce the fiscal deficit
[tlm724] The secretary general of the Council of Ministers Hamid Khalaf Ahmed, during a meeting with Citi Bank Director Dennis Flannery
[tlm724] oh a meeting with Citi Bank
[tlm724] during the meeting, display date of the agreement between the Iraqi government and international banks that deal with economic cooperation with Iraq.
[tlm724] while noting Flannery to touch the international parties seriously and rigidity of the current government in Iraq and dealing with the various challenges distinctly,
[tlm724] yeah give them a *slap* Flannery
[tlm724] especially since many of them have contributed to drain the financial resources of the state such as fighting terrorism and the restoration of the various areas of the grip. "
[tlm724] better get that ecomonic reform on the fast track Iraq !
Iraq in talks with IMF, no decision yet
[Shredd] Like I said yesterday, go or no-go time. If Iraq chooses any other alternative to their "serious cash flow problem" outside of bringing strength to the dinar and releasing the smaller notes, we may have a longer wait than we had hoped for.
[tlm724] so that picture ^^^ of Shabibi, he looks a lil different but that could be age
[tlm724] we checked the CBI site to see if there was a change in the governor and there is not
[tlm724] it may have been a typo , maybe it should have said "Former" governor of the CBI but none the less we will watch for any other reference to Dr. Shabibi
[tlm724] Asked by reporters if Iraq was in touch with the IMF, he said: “Well we are actually discussing with the IMF especially — they have some emergency assistance. We haven’t decided to resort to them. At the moment, we are not that bad.
[tlm724] “Iraq is not bankrupt — we have plenty of assets we can use,
[tlm724] *hallelujah* we know you have the assets !
Dollar exchange rate recorded its highest level over the dinar
[Shredd] Yeah, I heard about this yesterday. The cash flow crisis the CBI has now is the reason for this. Supply is restricted and since Iraq is still in a dual currency situation, they have an easy out meaning they will just use the dollar more. The rate situation will continue to get worse until strength is added to the dinar via a managed float.
[tlm724] Thank you Rocky ! Pressure is building everyday ! Heres another art about this
Dollar recorded a rise not seen for years in Iraq
[tlm724] dollar exchange rate versus the Iraqi dinar, Wednesday, a remarkable increase was not recorded several years ago
[tlm724] uh huh what are ya gonna do about it ????
The appearance of Mohammed Saleh: central bank intervention in the market cause a decrease rate of the dinar
[tlm724] Saleh, on Wednesday stressed that the central bank should work to stabilize the price of the dinar in the market, especially after dropping significantly.
[tlm724] yeah what he said
[tlm724] that "can not be in accordance with the budget law binding the sale of $ 75 million a day, re-dinar to its former glory, but can work on the stability sell a fixed amount,"
[tlm724] re-dinar to its former glory, but can work on the stability sell a fixed amount,
[tlm724] sure you can, bring her back to her former glory !!!
[tlm724] "the central bank intervention in the market have an impact on the low price of the dinar, too.
[tlm724] they don't have to worry about stabilizing it if they would give it some power ! come on Iraq you can do this, you know what needs to be done now chop chop