Post From Dinar Updates
Chat Room Excerpts & Highlights
Dinar Updates Saturday PM Chat 7-23-16 Part 1 of 2
david334 says to rcookie():Hi rcookie , I read you news postings earlier and saw one that suggested Abadi can fire the ministers that don't resign. Last night with BGG I think the the new Cabinet will consist of 14 mininsters 7 have resigned can the others be replaced with technocatic ministers before the final meetingwith the IMF in late july? Does it matter?
rcookie says():Reform plans awaiting allocations and mechanisms of action
7/24/2016 0:00 BAGHDAD Shokran Fatlawi said economic consultant Baghdad forum Samir Abbas Alnasiri to put in place mechanisms implementation strategy of the Central Bank of Iraq for the years 2016-2020 aimed at reform and private sector development requires identifying ways and procedures and the allocation of the necessary funds for their implementation, on the parallels that initiate the private sector to reform himself and the organization of the joints done in accordance with the best technologies that the world is witnessing.
He suggested Alnasiri «morning» in order to achieve the strategic objectives of the reform need to allocate the amount of the IMF loan is distributed according to the grant provided by the Bank to the government each time for a period of three years , which accompanied customization distribution to finance industrial and agricultural sectors and housing according to the mechanisms Awaltalimat approved by the Council of Ministers in partnership with private sector representatives.
creation of an independent body and pointed out the importance of creating an independent body for the private sector, undertake the implementation of the government 's plans designed to support and stimulate the private sector in coordination with its representatives,
pointing to the need to form a unified council to the private sector represents all unions and organizations forums and meetings and sectoral public holds these parties elected under the supervision of the legislative, executive and judicial power , as well as subjecting distribution and exchange and finance operations for monitoring and follow - up, audit and evaluation based on audit firms of international.
General Federation of cooperation and noted Alnasiri to the necessity of activating the General Federation of cooperation by stimulating and encouraging housing co - operative societies and the establishment of Baghdad Municipality and local governments in the provinces to allocate residential land,
sorting and preparing designs for the construction of cities and residential complexes in coordination with investment and private sector circles that the keys are delivered the citizen and the subject of distribution operations for Oatia income and slum inhabitants and benefit from a loan the World Bank fund in this sector on the exchange transactions are subject to review and monitoring and auditing.
rcookie says():Alnasiri said that the government through the Ministry of Agriculture and water resources inventory of arable land in all the provinces, including the provinces of Kurdistan and ask local governments to secure the requirements of supplies cultivate these lands and invest directly activates all graduates of agricultural colleges and institutes,
through a contract with them or with the private sector to be cultivated and invested and marketing of agricultural production and the division of the income earned between the workers and the local government and thus achieved two goals the first economist , a switch to a productive economy and the second is social and is young graduates run and transferred to the producers.
launch the electronic form the Council of Ministers issued during the past few days a decision launch of the electronic form for the promotion and facilitation of government measures financing small and medium enterprises and to encourage the production process in agriculture, industry, housing, support and stimulate the private sector.
He added that the provision of the central bank's six trillion five hundred billion dinars amount of investment is designed to achieve the government 's plan to restructure Iraq 's economy and moving it from rentier economy to a productive economy and give the private sector a key role in achieving this.
the central bank has launched Strutijeth for the years 2016-2020 in conjunction with calls for comprehensive change of the Council of Ministers and the House of Representatives, which has identified and painted the road of reform and in accordance with the objectives of the main and foremost to support and achieve financial stability,
activating the role of financial institutions and the banking sector, the development of the organizational structure and the organizational structure, human capital and activation and integration of the development of the internal relations and external.
rcookie says():ALRIGHT DU....HERE IS A SATURDAY EVENING SMILE......
rcookie says():HAVE TO READ VERY CAREFULLY....
rcookie says():Directing Customs Author: Yasser incumbent 7/24/2016 0:00 Cabinet embarked on important economic reforms , it is the first of its activity where he addressed the administrative reform for some of a financial nature institutions as an indicator of the direct intention of institutional building sober , which is the backbone of economic reforms.
Council of Ministers has recently recognized the need to establish joint ventures to bring out the customs to regulate the movement of import chaotic and exports , which will also contribute to reform trade policy in the country and is one of reform that leads to the institution - building requirements , as I said.
the resolution »to limit the import and export of materials and cargo operations as well as the movement of funds in foreign currency companies collectively registered in the Registrar of companies Department of Mnhaaajazat import as well as the establishment of joint ventures shall import operations and export.
BGG says():Hey gang - how are we tonite??
rcookie says():The aim of this decision to regulate the import and export and output customs random operations and restrict legal institutions directly responsible in front of tax departments and departments regulators.
In addition to targeted institutional organization , it would limit the tax evasion operations will be subject to the tax charge for the fact that records companies reveal in front of the tax authorities, as well as regulators are any corporate solidarity does not assume future tax irregularities from the legal responsibility of being officially registered and licensed.
Among the benefits of this decision he came to contribute to maximizing the financial resources and diversifying to support the general budget and you can imagine the size of revenues compared Aharkhalastiardih size in the country in addition to the possibility determined according to actual needs and reduce indiscriminate import , who will face legal obstacle will also contribute to the reduction of the demand for foreign currency.
Eight this decision will resolve the problem for as long as the state and operated devices relating to the judiciary and of falsifying documents and inventory credits and who was responsible for when they occur which companies to be subject to periodic monitoring and annual Atzar which of those records violation.
It is noteworthy that the resolution gave for 4 months of the founding of companies allowing Maaqbin and customs brokers the opportunity to heal and the establishment of joint - stock companies with each other , and that the decision will not be penalized any person and prevents him from exercising import and export process provided that through joint venture and not individual people.
Read More http://www.dinarupdates.com/showthread.php?37520-Directing-Customs-7-23&p=156990#post156990
rcookie says():We find this decision a careful approach to start reforms , administrative, economic, and adequate opportunity to establish these companies and this is the first Ghaith reforms will come successively.
rcookie says():YOU HAVE TO READ THAT ONE...
BGG says():So - I'm curious as to your thoughts RCookie...
BGG says():I read just a bit earlier... about the economic impact of ISIS being on the border with Turkey still...
BGG says():how do you see this adding up AND - what are your thoughts on Erodgan's influence... in the near future.
magnetlady says():Evening BGG, rcookie, subby
rcookie says():ISIS HAS IMPACTED TRADE WITH TURKEY TO THE TUBE OF $2 BILLION.....
BGG says():as much as 2 Billion (per?)
rcookie says():THEY ARE STATING THAT THE BACKBONE TO ECONOMIC REFORM IS INSTITUTION BUILDING...
BGG says():and that is likely true... they would have no reason to lie...
BGG says():but back to the Turkey thing...
BGG says():2 Billion per (?)
rcookie says():COM ACTIONS TO ESTABLISH JOINT VENTURES TO DEAL WITH CHAOTIC TRADE ENVIRONMENT...
THIS IS PART OF THE RESTRUCTURING AND PRIVATIZATION PROCESS OF THE 2 SOB'S AND 192 SOE'S IRAQ HAS UNDERTAKEN WITH WB SINCE 2006....
rcookie says():WHICH THE AUTHOR NOTES....."WILL WORK TO REFORM TRADE POLICY IN THE COUNTRY"......ARE YOU KIDDING ME...
BGG says():and it is pretty weird that Erodgan runs one of the biggest Shia countries in the world ... he's bent over backwards to give ISIS the "export latitude" they need to get product out.
BGG says():as near as I can tell he has the feel of running a Shia country but leaning Sunni... and according to Al-Monitor - doesn't mind telling his own Shias off.
BGG says():My point is this... ISIS is likely a foregone conclusion... any higher ups are already gone - or are making plans to go soon.
BGG says():It is doubtful that lasts much longer... bringing further stability and security to Iraq. I am curious how Erodgan will deal with this "unholy alliance" being gone once Iraq takes Mosul back (which will be soon).
rcookie says():SORRY ..PER YEAR..AND MOSTLY THROUGH MOSUL..
rcookie says():AGREED...MANY REPORT AS ECONOMIC ISIS CO CONSPIRATOR...AND ENABLER..
rcookie says():THEE ARE REPORTS ALL OVER TODAY THAT THE ISIS LEADERS WERE LONG GONE EVEN AT START OF FALLUJAH OPERATION...
BGG says():Of course...
rcookie says():WHAT ARE YOUR THOUGHTS ON OBEIDI ANNOUNCING PESHMERGA NOT PARTICIPATING IN MOSUL OFFENSIVE,,,AND BEING REMOVED FROM POST LIBERATION RESPONSIBILITIES...
BGG says():Erodgan and ISIS is just weird. Weird - weird - weird.
BGG says():Erodgan is a weird dude to start with - he's a "budding dictator"... and likely the next security challenge our coming Admin will have to deal with.
puffdragon says to rcookie():So like Sadaum, leaders first to RUN !! Typical terrorist !!
rcookie says to puffdragon():AGREED....
larrykn says to rcookie():or they were killed as they left
BGG says():However, putting 5 airbases in Kurdistan does A LOT of good for the region -
BGG says():which - BTW...
rcookie says to puffdragon():NOT TOO STRONG ON THE LOOK YOU IN THE EYE AND BATTLE......COWARDLY ATTACKS ON UNSUSPECTING AND WOMEN AND CHILDREN
BGG says():I was saying they should have done 2 YEARS AGO.
larrykn says to BGG():?
puffdragon says to rcookie():Dont think Trump will run and hide like