Post From Dinar Updates 3-12-16
Chat Room Excerpts & Highlights
Dinar Updates Saturday AM Chat 3-12-16 Part 2 of 3
jeffjane says to rcookie():I think once we start seeing that news we will see a lot of great movement overall - monetary, stability, etc
rcookie says to jd():THIS IS IMPORTANT TO ME THAT YOU UNDERSTAND...AND LOOKING AT YOUR STATEMENT..
jeffjane says to rcookie():I mean cabinet news
plowboy says():good Saturday morning yall. Rain has ended looks like
rcookie says to jd():SO FIRST...DO YOURELAIZE THAT ITAQ HAS MANAGED TO FUNCTION AND MAINTAIN THE STRONGEST DEFICIT TO BUDGET RATION IN THE REGION.....
IN SPITE OF NOT HAVING AND INTERNATIONAL CURRENCY....OPERABLE STOCK MARKET OR BOURSE...AND FIGHTING THE LARGEST WAR ON TERRORISM WITHIN THEIR BORDERS IN HISTORY...
REVEALENT OF MULTI GENERATIONAL CORRUPTIVE BEHAVIORS...AND REFORMS IN ALL FACETS ONGOING...AND HAVE MANAGED TO KEEP INFLATION AT AROUND 3%....IN SPITE OF A COMPLETE FALLOUT OF THE OI INDUSTRY...
rcookie says to jeffjane():ME TOO..
jtank says():abadis new gov sure are doing a great job despite the problems around Iraq-
rcookie says():The Baghdad Council: kmerkih station monument documenting the buses coming from Kurdistan Economy Since 2016-03-12 at 10:28 (GMT) – The balance of news
The Baghdad provincial Council, said Saturday the Federal Government installed a kmerkih station near great area north of Baghdad, to document the buses coming from Kurdistan to meet customs tariff.
Provincial Council Member Saad demands to balance news, that "the Federal Government nnsbet station km PK near great area north of Baghdad, to document the buses coming from Kurdistan and meet federal customs tariff goods imported through Kurdistan", stating that "there are no duties to this station for local transportation and governorates that are not related to Kurdistan."
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rcookie says():He added, "this move will boost the income of the Federal Government and will work the same for obtained of the southern and eastern border of the next trade equality of territory and imported from the South."
The Commission representative confirmed the economy and investment, earlier, the Customs Tariff Act would apply to all ports of Iraq and there is no exception. finished
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jtank says():rcookie--bout time - fully enforcef taxes and tarriffs
rcookie says():Oil: bring in the revenue auditing company Kurdistan will reduce corruption
Economy Since 2016-03-12 at 13:45 (GMT) – The balance of news
Oil and Energy Committee, said Saturday that bringing in the Kurdistan region for an international company to audit the oil income and mental are a positive step for the reform proposal and reduce corruption.
Commission member Tarek said a friend l/balance of news, that "this is a positive step towards reforms, that all accounts of the territory of administrative and financial supervision of foreign companies and rely on reports of financial control and integrity in the territory".
He said a friend, that "the company will branch of transparency international, which will contribute to reducing corruption and checking all the details", stating that "the financial crisis affecting the region are paid for taking this step."
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rcookie says():He noted that "the region is in the process of taking out a loan from the World Bank, which is one of the conditions that state borrowing accounts are subject to audit by certified organizations internationally.
The Kurdistan Regional Government announced the introduction of an international company that enjoys the confidence and mental income auditing oil and gas audit objective and ensure database and figures published by the Ministry of natural resources.
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rcookie says():UNDERSTAND THAT TESE STEPS BEING TAKE FOR REVIEW AND DATA/STATISTICAL AUDITING & REPORTING ARE BEING DONE FOR IMF AND WB FINANCIAL SECTOR SURVEILLANCE
(AGAIN COPY & PASTED FROM IMF LOI)...AND WORK TOWARDS FSI'S (FINANCIAL SOUNDNESS INDICATORS)...WHICH WERE OUTLINED IN THE IMF;S FSI COMPILATION GUIDE FROM SPRING 2015 MEETINGS IN WASH DC...
rcookie says():Financial Sector SurveillanceIraq has not yet compiled financial soundness indicators (FSIs) as set out in the IMF’s FSI Compilation Guide. Following a discussion with the IMF (STA) during the 2015 Spring Meetings in Washington, D.C., the CBI requested technical assistance in compiling FSIs.
STA will decide on the tasks, dates, and alternative location for a technical assistance mission upon receiving adequate information, including source data for commercial banks from the CBI.
rcookie says():HERES WHY....
rcookie says():Data provided to the Fund have serious shortcomings that significantly hamper surveillance. Macroeconomic statistics have suffered from years of neglect and recent turmoil has added to the difficulties. While the Central Statistics Organization (CSO) remained in place, it lacks adequate technical expertise and resources to address the requirements for a modern statistical system.
rcookie says():Government Finance StatisticsDespite the difficult security situation, which has a direct impact on data compilation and analysis, the provision of fiscal data for program monitoring purposes has been satisfactory. Infrequent submission delays occur, and coverage of Kurdistan remains sketchy.
However, the authorities are taking measures to address these shortcomings.In March 2015, an STA mission—overlapped with the Article IV mission—discussed a work plan aimed at improving the frequency and timeliness of fiscal reporting data and setting a migration plan to improve fiscal statistics based on Government Finance Statistics Manual 2014 (GFSM 2014).
Iraq resumed reporting government finance statistics for publication in the Government Finance Statistics Yearbook (GFSY). Currently there are no fiscal statistics published by the government beyond the summary of central government budgetary estimates and outturn.
rcookie says():Monetary statistics does not cover the northern region (Kurdistan) due to problems with data collection from that region. As a result, the CBI reports data for publication in the IMF’s International Financial Statistics with a lag of more than three months and the latest reported data for ODCs are marked “preliminary,” indicating that there are problems with their data collection and compilation.
rcookie says):SO AGAIN..AN ACTION PLAN LAID OT FOR KURDS....NO BORROW BORROW MONEY MONEY TILL YOU GET YOUR ECONOMIC/FINANCIAL HOUSE IN ORDER PER INTERNATIONAL STANDARDS
INCLUDING TRANSPARENT DATA CAPTURE...TRANSFER AND REPORTING TO ALL BANKING AND AUDITING AGENCIES.....PERIOD.....
magnetlady says():sorry son called so was on phone
magnetlady says():its ok rcookie we got it
larrykn says to magnetlady():gm how are you doing today :)
magnetlady says):I was having lots of trouble the other day with slow response from keyboard and so logged out of DU and then came back into it and signed on again and it cleared all the cookies from the ads and it was much better
larrykn says to magnetlady():yes those darn cookies can really mess you up lol
Comments may be made at the end of Part 3 Thank You