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Dinar Updates Monday Early AM Chat 10-31-16 Part 1 of 3
rcookie says():Law Llayradat
31/10/2016 0:00 Maitham and coffee before you make an initial assessment of the law and imports municipalities, I would like to say that the use of the word "imports" is not agreed upon among scholars of the economy, it is mixed with "imports", so usually we are what we tend to term "revenue."
To the right of the country without a doubt need the legislation is pushing to increase government revenue and units outside the dependence on oil commodity, especially with the lower prices crisis, and without it mainly because the oil country usually Taatchris the natures lazing and dominated by inefficiency, poor distribution and manifestations of corruption and undermining democracy and systems of good governance standards.
It is in line also with directions diversification to raise additional resources to cover the burden of municipalities growing constantly.
the law Mahmoud because he is pushing for more decentralization in the management of financial resources for municipal units in the provinces, as well as it takes into account and addresses future cases when the transfer of the powers of the Ministry of municipalities of the provinces.
for municipalities variety Aiardih sources, In addition to its stake prestigious of the budget, owns property on the real estate that can be sold and leased and exploitation, also under the sway a lot of shops and private property , which can get them to pay a variety of services, and of course the ability to collect the loans, in addition to resources from grants and subsidies , not to mention what you can get from the amounts of fines as a result of violations of the laws of the window.
I am delighted when I heard that the municipalities will take from the people and not from the state treasury, because this is out of the idea of democracy, as I hope to urge that the citizens to increase accountability and hold them accountable for the municipalities on the services they provide, the individual will be sure to provide a good service if he is the one who bears the cost, and this is one of the necessary corporate governance requirements.
the accounting process will not take place in light of the failure to disclose full information to the public, the law itself, published in the media , but without the accompanying tables their significance does not differ about the origin of the law.
The speech will remain bright but he N practical application that municipalities were based practices , improper, and that this speech will remain dependent on the development of community awareness of the missing system of accounting is responsible for the provision of services.
magnetlady says():Thanks rcookie for continuing to bring us the news. Sounds great
jetset says():news keeps getting gooder and gooder!
david334 says to rcookie():You add so much value don't let the 1% moron factor bother you. We all know how exceptional you are.
david334 says to rcookie():We would be chasing our tails without you
jetset says():THE SUNDAY NITE “News Time” is postponed to Monday nite… Don’t MISS – “DU NEWS TIME” w/BGG and Co. – Mon Oct. 31st 7:30pm EST – In the DU CHAT ROOM!!
jeffusa says to jetset():how many villages around Mosul are there? 1,000 ? lol
rcookie says():First Published: 2016-10-31
Iraqi forces begin the second phase of the battle of Mosul
Iraqi military sources say that the troops resumed their advance toward the left coast of the city of the three axes and declare control of the five villages.
Middle East Online
Difficult road towards Mosul
MOSUL - Military officials said the Iraqi forces resumed Monday coordinated attack on Mosul, the last major town controlled by the organization of the Islamic State in Iraq targeted the eastern bank of the Tigris River, which divides the city.
The anti-terrorism unit of the army halted progress last week after he made progress on the ground faster than the forces on other fronts so that the rest of the troops to narrow the gap and get closer to the city.
Iraqi security forces and Kurdish peshmerga forces began the attack on 17 October, air support and ground of the US-led coalition to fight the militant group. And given the military campaign aerial cover of the international coalition led by the United States.
Joined forces loyal to Shi'ite Iran to fight Saturday in order to cut the road between Mosul and tenderness main stronghold of the organization in Syria.
The battle is developing for the restoration of Mosul to become one of the heaviest fighting in Iraq during the ongoing unrest since the ten years after the US-led invasion in 2003 toppled Saddam Hussein.
A military statement said "kicked off the hordes of anti-terrorism forces and ninth Armored Division and the third brigade in the first division and 16 infantry division of the progress towards the left coast of the city of Mosul, three axes," referring to the eastern bank of the Tigris River, which flows from north to south.
Another statement that it has control of five villages north of Mosul, where also being deployed peshmerga fighters.
Full fighters organize an Islamic state on the campaign, which began two weeks of suicide attacks with car bombs and deploy snipers firing mortars.
Officials from the United Nations and the villagers say that the militants also torched oil wells to cover their movements and taken thousands of civilians from the villages to the connector to use them as human shields.
According to the worst expectations of the United Nations to the possible displacement of one million of the population because of the fighting, which the UN says it has already paid around 17,500 people to flee this number does not include those who brought them the remnants of the retreating militants forces to Mosul.
And it entered the restoration process of the city of Mosul, Iraq's second city and the organization of the last bastions of the Islamic state in the country, its third week.
rcookie says():$ 50 billion of the Central Reserve
economic Number of Views: 44 31/10/2016 12:36
BAGHDAD / Center Brief National NNC- said the parliamentary finance committee member Masood Haider, the central bank has the cash mass of up to $ 50 billion.
He said Haider, in a press statement that "the money supply maintained by the central bank for the award of the dinar Iraq up to $ 50 billion," denying "the money supply drop to $ 45 billion, according to some media."
He continued that "the amount of financial loans received by Iraq in the current year amounted to approximately $ 10 billion; to secure the weapons and ammunition needed by our security forces in the liberation of the cities Daesh operations of the terrorist gangs, as well as secure the amounts of some ongoing projects."
Economists point out that Iraq is losing $ 9 billion a year from the cash reserve at the central bank, which raises many concerns for the future of the cash reserves of foreign currency.
Iraq has suffered a financial crisis; due to lower international oil prices, as well as the war waged against Iraq Daesh terrorist gangs Waltz is still in control of some cities. From: Mohamed Tayeb
rcookie says():Minister of Electricity: the completion of an advanced power systems
economic Number of Views: 29 31/10/2016 12:50
National Center Brief / NNC - Minister of Electricity Engineer Qassim Fahdawi announced Monday by the cadres of the ministry and the company public Zora completed design and build a solar home system 5kw capacity.
Fahdawi said in a statement to the ministry, that the system is working conditions of the Iraqi network and three operating modes at the same time (with the national grid - and without Aloutnah- network and night without a national electricity).
He pointed out that the system to export surplus output from the daytime to the national grid, pointing out that this work was completed the efforts of specialists from the ministry in the Department of renewable energies, energy efficiency and public company Zora.
He added that such a system could be a solution to the problem of remote villages and districts isolated from the national grid, as well as can be entered in the residential sector to reduce peak load, which opens great prospects in the introduction of solar energy systems in the distribution sector.
rcookie says():Parliamentary economy reveal the "differences" in oil money between registered and actual accounts Author: AB, HH Editor: AB, HH 31/10/2016 09:02 Number of Views: 527
Long-Presse / Baghdad A commission of Economy in the House, on Monday, the existence of differences between the imports of oil sales registered in the Ministry of Oil accounts and funds deposited in the Ministry of Finance account and confirmed that those differences I noted several years ago,
and with the Finance Committee and described accounts and garment oil as "transparent" It acknowledged the existence of "simple" differences between registered and deposited imports.
A member of the Economic Committee in the House of Representatives Jawad al-Bolani said in an interview to the (long-Presse), "The economic and financial committees are obliged to disclose facts that pass without referring year after year and that relate to the existence of differences between the value of oil exports recorded by the Ministry of Oil, and the funds deposited for the account of the Ministry of Finance for those exports. "
He said al-Bolani, that "the financial value of imports for oil export in the general budget for 2017 amounting to 67 trillion dinars," stressing that "the amounts that will go to the Ministry of Finance of those funds account after passing in the Fund (DFI) is less than that, as happened during the the past three years. "
For his part, member of the Finance Committee in the House of Representatives Masood Haider in an interview with (long-Presse), "The Ministry of Oil transparent in the calculation of the amount of oil, where that information goes in detail to the Central Bank and then that money goes to fund (DFI) and then turned again to the central bank, which in turn converts it to the Ministry of Finance. "
Haider said that "the process will take 60 a day," pointing out that "there are differences in the value of money, but it's very simple."
rcookie says():NEWS WORLD | Mon Oct 31, 2016 | 7:28 am EDT
Iraqi forces resume offensive towards eastern Mosul
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Popular Mobilization Forces (PMF) take part in an operation against Islamic State militants south of Mosul, Iraq October 30, 2016. REUTERS / Stringer
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BAGHDAD Iraqi troops resumed on Monday a coordinated offensive towards Mosul, the last major city held by Islamic State, targeting the eastern bank of the Tigris river that divides the city, military officials said.
The army's counter-terrorism unit had paused its advance last week after it made ground quicker than forces on other fronts, to allow them to close the gap and get nearer to the city.
Iraqi security forces and Kurdish Peshmerga fighters started the offensive on Oct. 17, with air and ground support from the US-led coalition against the hardline Sunni group.
Pro-Iranian Iraqi Shi'ite militias joined the fighting on Saturday, aiming to cut the route between Mosul and Raqqa, Islamic State's main stronghold in Syria.
The battle for Mosul, still home to 1.5 million residents, is shaping up to be one of the toughest in a decade of turmoil following the US-led invasion that toppled Saddam Hussein in 2003.
"The operation to liberate the left bank of Mosul has started," said a military statement, referring to the eastern bank of the river that flows from north to south. Another statement said five villages were taken north of Mosul, where Peshmerga fighters are also being deployed.
Islamic State militants has been fighting off the two-week offensive with suicide car bombs, snipers and mortar fire.
They have also set oil wells on fire to cover their movements and displaced thousands of civilians from villages toward Mosul, using them as human shields, UN officials and villagers who spoke to Reuters have said.
Worst-case United Nations forecasts see up to 1 million people being uprooted by the fighting, which UN aid agencies said had so far forced about 17,500 people to flee - a figure that excludes those taken into Mosul by the retreating militants.
(Reporting by Maher Chmaytelli and Dominic Evans; editing by John Stonestreet)