Iraq is moving toward bankruptcy and expectations of the withdrawal of oil companies
[rsp1] There is mismanagement and planning by the Iraqi government to how to manage the money in the state, where they were monitoring the amount within the budget of 2014, the oil and energy about (55 to 65) trillion dinars, which is deducted from the balance development of the regions (10%). "
[rsp1] They're gonna have to get a handle on this...
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Central bank: 288 billion dollars sales volume of currency auctions since 2003 until now
[tlm724] , the bank sold more than 228 billion dollars since the start of sessions currency auction in 2003 *wolfwhistle*
[tlm724] dayum that comes out roughly to 26 billion dollars a year
still need to be "greater efforts by the central bank to revise the monetary policy instruments and strengthen banking supervision, and to accelerate the restructuring of the banking system.
[tlm724] "take measures towards a gradual liberalization of foreign exchange offer through auctions held by the Bank so as not to repeat disorders suffered by the financial market in the year 2013.
[tlm724] "the establishment of a banking system nationalist requires the abandonment of the current model
[tlm724] that the central bank's decision inventory distribution outlets of foreign currency in banks own, contrary to the principle of the free market
[tlm724] the CBI has created a monoply on selling , which goes against a free market economy strategy , time is running out, it's time for a change and IMO the CBI is working towards it
[tlm724] abandon the current model !
Parliamentary Energy: bureaucracy and corruption are pushing oil companies to leave
They pointed out that the absence of oil and gas law and the disadvantages of the investment law began pressure on the giant oil companies during conducted work in the country.
[tlm724] ," calling on the Baghdad government to "adopt the experience of the Kurdistan region in dealing with the oil companies to facilitate their dealings in the ministries and customs."
and called on the government to exert more efforts in order to approve oil and gas law inactivated as well as amend the law on investment, "noting that" the investment law in the Kurdistan region is much better than the law of the federal government.
" MP on the mass of the Liberal government's handling matters and as quickly as possible, "pointing out that if there was a need to amend some laws should be amended, as well as about the need for the enactment of the oil and gas, which will all the problems facing the work of these companies. "
[tlm724] they need to get a grip, pass or amend these laws because these companies pulling out is going to put a big hurt on Iraq !
Economic Commission: We do not need to borrow from the World Bank to finance the dry canal
[tlm724] well I get this guys point but its too late that deal is done
[tlm724] a new strategy linking Iraq to neighboring countries, particularly the World Bank recognized the site of the Iraqi strategic and important for the development of global trade and passing through Iraq, where Iraq is the link between the East and the West.
[tlm724] kinda like the silk road (trade route) Bondlady was telling us about
[rsp1] If the World Bank recognized it as important, then, it's IMPORTANT!
[tlm724] absolutely rsp1 ! They would know !
Maliki: We decided to exchange money without approving the budget
[tlm724] al-Maliki announced that the Council of Ministers decided in its meeting yesterday, exchange money without the approval of the budget law
[tlm724] Maliki is trying to make things right here by handing out some money, well at least thats a step in the right direction