Post From Dinar Updates 2-9-16
Excerpts & Highlights
Dinar Updates Member Chat 2-9-16 Part 2 of 3
Holly1 says to subgirl(): The government only withdraw "financial laws" to be adjusted to suit the reforms Editor: 02/09/2016 00:53
rcookie says(): HERE IS AN ARTICLE FROM MID JANUARY REGARDING STATEMENTS FROM CHRISTINE LEGARDE...
AND THE PUBLIC FINANCIAL MANAGEMENT (PFM) REFORMS IRAQ IS UNDERTAKING IN THE LOI/MEFP/TECH MOU...
AND SOME OF THE PROGRAMS WE WERE TALKING ABOUT EARLIER THIS MORNING....LIKE IFMIS...TSA..AND THE FINANCIAL MANAGEMENT LAW.....
rcookie says(): OOPS SORRY HOLLY...
Holly1 says to subgirl(): Trade denies the existence of pressure from the IMF to cancel the ration attributes the delay "for lack of appropriations."
Author: AHF Editor: AHF, HH 09/02/2016 17:36
Holly1 says to subgirl(9:34 AM): Denied, Minister of Trade and agency Mohamed Xiaa Sudan, on Tuesday, there was any pressure from the International Monetary Fund to cancel the ration card or stop the processing of the citizens, and as he emphasized that the Iraqi government has allocated funds to support and provide the ration card items, the reasons for the current delay in the supply attributed to "a few customizations Finance of the government of the items of the card. "
Said Mohammed Shia 'Al Sudani said in a statement received (long-Presse) a copy of it, "the Iraqi government does not have any intention to cancel the ration card or stop the processing and supply operations and distribution covered by the ration card system,"
denying "his father's attempt to cancel the ration card through the pressures exercised by the the international Monetary Fund on the Iraqi government to grant loans to Iraq and that all Menzdd is just rumors some parties trying to promote it in a while. "
Holly1 says to subgirl(9:35 AM): Sudan, adding that "the IMF would give countries the economic proposals and projects to support," but he also said, "But there is the insistence of the government to continue to support the ration card project, despite the difficult financial circumstances facing the country has been allocated two billion eight hundred million dollars a counterbalance for the ration card in the 2016 budget." .
Sudan said that "this amount in itself support even though he did not meet the needs in an integrated manner, but lead to the arrival of food to citizens in this difficult situation,"
pointing out that "the variation in the processing of the ration card items due to lack of financial allocations from the general budget, which fell about half what was allocated in the past years, which amounted to six billion dollars. "
Holly1 says to subgirl(): Sudan and stressed that "the Ministry of Commerce has developed a plan to address the lack of customization by relying on the national product and the scrutiny of the names in the ration card and raise the deceased and repeated names and the formation of committees to re quantities delivered to members left the country or are not covered by the ration card system."
Sudan and pointed out that "this year will see the development pointing in most food vocabulary processing in light of the events witnessed by the last year of the procedures and mechanisms began to fight corruption and implement reforms and conduct a comprehensive management changes included the important sites have the effect of contracting, procurement, control and audit processes",
hoping to "if the distribution of the entire vocabulary available funds allocated by the budget and even though I said it in a streamlined and not to delay in the Ministry of Finance."
Holly1 says to subgirl(): The Minister of Trade and agency Mohamed Xiaa Sudanese detection, (January 12, 2016), that the public budget for the current year 2016, has allocated 2.5 trillion dinars for the ration card while the expenses of six trillion dinars, confirmed, "
It's not enough," and while denied the existence of the intention of the government to cancel the card ration, the private sector called for the establishment of manufacturing of sugar and oil.
It is noteworthy that the majority of Iraqis are dependent on content provided their ration card in their daily lives since the start of the international embargo on Iraq in 1991 after the invasion of Kuwait, with an estimated value of these materials per capita in the domestic market by about ten dollars not counting children's milk, while obtained them through the ration card $ 500 dinars, equivalent to $ 0.40.
clay says(): wow .40
Holly1 says to clay(): GM.... pretty sad .... wow .40
clay says(): My God so so sad
foxmulder says to clay(): yes it is , makes you wonder why they just drag their feet a the expense of the citizens
Pablo says(): I thought the IMF was supposed to be stopping the foot dragging.
Baxter1243 says(): Clay...Yep... but they are gonna buy BONDS...
clay says to foxmulder(): great question only if the leadership really cares for their people...GM buddy :)
Dinar Investor says(): Reallly sad that would mean a 25k note is worth like 20 bucks I can imagine they need truck loads for groceries
rcookie says to Pablo(): WHAT ARE YOU TALKING ABOUT
joyojoy says(): so what does .40 buy in Iraq?
foxmulder says to joyojoy(): venture to say , not much !
clay says to joyojoy(): not much maybe foodstamps 8-) GM
john09 says(): the rich get richer... the poor get poorer...where have we heard that before?
rcookie says to Pablo(): THE SUGGESTED CANCELING OF THE RATIONS CARD PROGRAM BY THE IMF/WB WAS ONE OF MANY FISCAL TIGHTENING MEASURES PRESENTED TO NOT ONY IRAQ...BUT EVERY...EVERY...EVERY ME OIL RELIANT NATION...
foxmulder says to joyojoy(): and Maliki's son buying the million $ house in england , whats wrong with this picture
Pablo says to rcookie(): Ahhh.
Pablo says to rcookie(): What's your take on all the fighting in parliament on Sunday?
Dinar Investor says(): Can't wait until all this is over.
clay says to Dinar Investor(): hey brother me too
Dinar Investor says(): Wonder if they are still on track for Amnesty during the weekend, I saw a huge list of names with M right at the top. That little bloodsucker.
clay says to Dinar Investor(): My only hope is what the IMF told us
rcookie says to Pablo(): CANT HAVE ALL THESE PROGRAMS THAT COST MONEY...AND THEN WHINE AT EVERY MOMEN T ABOUT THE PRICE OF OIL...WHILE YOU CONTINUE TO RAMP UP PRODUCTION...AT EVERY OPPORTUNITY!!!
clay says to Dinar Investor(): workin and waitin
clay says to Dinar Investor(): how you been
rcookie says to mfree05(): AGRRED!!!...LOOKING TO LAY DOWN ON A KNIFE!!
joyojoy says(): so if 500 dinars will buy a bag of flour and 3 bananas now, after revaluation that same 500 dinars will buy 3 bags of flour and 9 bananas if the reval is 3:1?
joyojoy says(): purchasing power?
clay says to joyojoy(): right
rcookie says to joyojoy(): TELL HER WHAT SHES WON JOHNNY!!!!
mfree05 says(): Yeah rcookie, the plan has been given to us by IMF, as you say we are seeing it unfold in front of our eyes now! item by item.
rcookie says to mfree05(): DONT KNOW HOW PEOPLE CAN FUNCTION WITH THAT KIND OF OULOOK...
clay says to rcookie(): like Mr White once stated if planning a vacation in 6 months y wait till then to book your trip makes no sense
Holly1 says(): has signed a contract with a company extension (Boeing) for the replacement of a number of aircraft," noting that "the Council on condition of carrying the contract extension any financial burden and a feasibility study for the ministry, and taking care not to detract from the quality of the aircraft."
The source, who asked not to be named, said: "The Council also decided to postpone the hearing late on benefits for government private sector banks."
Holly1 says(): just bringing in news go ahead and talk :D
rcookie says to Holly1(): THA ARTICLE TOTLE IS DECEIVING....
Dinar Investor says to clay(): I have a problem with authority lol
mfree05 says(): rcookie, I am still confused by what is meant by exchange "distortions". maybe meaning the current and artifical program rate?
Dinar Investor says to clay(): People do stuff backwards all the time at work.
Dinar Investor says to clay(): Eh, at least If I yell at myself it's not so bad!
clay says to Dinar Investor(): u nut lol
NWBeauty says(): in Iraq it would be exchange EXTORTIONS the spread beats the little guy to a pulp
Dinar Investor says to clay(): That's Mr. Nut LOL (lol)
rcookie says to Holly1(): THAT TITLE IS DECEIVING..THE BOEING CONTRACT FOR IRAQI AIRWAYS EXPANSION CONFIRMED...
AND REMEMBER OPEN TO INT'L INVESTMENT......AND LINE ITEM IN 2016 BUDGET...WITH INSURANCE UNDERWRITING....
Holly1 says to rcookie(): Central confirms its ability to meet the market needs of hard currency during the first half of this year 02/09/2016
rcookie says to Holly1(): THEY ARE NOT DOWNGRADING THE AIRCRAFT THEY ORDERED FROM BOEING...
Dinar Investor says to NWBeauty(): Lot's of great news since then. Just because it's slow in the chatroom doesn't mean the wheels arn't turning. Lots of great things in the works! Just need patience to see it play out
Holly1 says to rcookie(): BAGHDAD / JD / .. ruled out of the economic and investment commission in Parliament, asylum central bank to raise the price of the dollar against the dinar amid the financial crisis, saying that the central able to meet the market needs of hard currency for the time being.
Said committee member Rep. Najiba Najib told / KD /: The committee met with the Governor of the Central Bank on the Keywords few days ago to discuss the repercussions of the
rcookie says to Holly1(): JUST WHAT YOUR CONTACTS WERE COMMENTING ON YESTERDAY...
Holly1 says to rcookie(): financial crisis on the dinar exchange rate against the dollar, noting that the central bank stressed that has no intention at the moment to resort to raising the exchange rate The dollar against the dinar.
She said the central bank also confirmed its ability to Horn to all the requirements of the local market of hard currency in the first half of this year, indicating that in the event of continuing financial crisis and the lack of revenue will resort to other solutions, including raising the value of the dollar.
Holly1 says to rcookie(): The parliamentary Finance Committee revealed earlier about the intention of the federal government and in coordination with the central bank to adjust monetary policy by raising the value of the dollar against the dinar amid the financial crisis faced by the country as a result of the decline in world oil prices. / End / 8 /
mfree05 says(): "raising the VALUE of the dinar" - like it
larrykn says(): raising the value of the dollar against the dinar would kill them
mfree05 says(): Thanks larrykn, see that now!
clay says to larrykn(): it sure would must be translation
Holly1 says to larrykn(): it will.. and Iraqis do not want that ... they are saying on FB... dont buy the dollar
larrykn says(): I think that is the other way around
Holly1 says to subgirl(): Postpone repayment of loans with benefits from government banks 02/09/2016
mfree05 says(): Bottom line, if they go international at 1180 etc, the ship will sink in a few months.
Holly1 says to subgirl(): BAGHDAD / JD / .. Council of Ministers decided to postpone the repayment of loans with benefits from government banks, while preventing the production, import or handle asbestos and components.
A government statement received / JD / copy of it: that the Council of Ministers approved during its regular sixth recommendation of the Committee on Economic Affairs on the postponement of the payment of the borrowers loans with benefits from government banks who have debts of state institutions for contracting or equipment and are prompted to pay in light of repayments of debts on State institutions and in coordination with the city.
Holly1 says to subgirl(): He added that the Council agreed to authorize the Minister of Education permission to access to abide by way of payment on credit under contracts concluded for this purpose that are paid sums of those contracts within the budget of the year / 2017, and the Ministry of Finance to allocate amounts within a year / 2017 budget in addition to the amounts needed by the Ministry Education of the year and to instruct the Ministry of Finance / Accounting Department conduct the necessary funding for this purpose so that the Ministry of repayment obligations Bzmtha.
As approved, according to the statement to amend the Council of
Holly1 says to subgirl(): Ministers Resolution No. (353) of paragraph (2) to become (to authorize the Ministry of Education the power to meet the wages of exam services from students who wish to perform the test and recording (Deposit on behalf of the Ministry of Education) and disbursed for the purposes of examinations exclusively.
The Council called on the province of Najaf to secure the handle random overtaking on a plot earmarked for the city for scientific reference ground Sheikh (Mohammed Ishaq al-Fayad) by finding a piece of land suitable for this purpose, distributed to evacuation covered under the rules set by the province.
Holly1 says to subgirl(): The Council decided to prevent the production, importation or dealing asbestos and components set forth in the safety instruction in the use of asbestos (asbestos) (1) of 2002 and replace them with other alternatives. / End / 22 /
rcookie says to Holly1(): THIS WAS THE COMMENT FROM YESTERDAY HOLLY..
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