Post From Dinar Updates
Highlights / News & Excerpts From Chat 1-17-16
Dinar Updates Sunday AM Chat 1-17-16 Part 1 of 2
rcookie THERE HAVE BEEN REPORTS POSTED SINCE BEFORE THE HOLIDAYS...AFTER THE BUDGET APPROVAL...THE INITIATIVES PLANNED FOR READJOURNMENT ON 19TH...
AMNESTY LAW...FEDERAL COURT ACT...ACCOUNTABILITY & JUSTICE LAW(BAATH PARTY PROHIBITION LAW) ARE READY FOR VOTE WHEN THEY RETURN....
THEY ARE ALSO VERY ANXIOUS TO QUESTION DEFENSE MINISTER OBEIDI...AS WELL AS TRANSPORT MINSTER JABR...BECAUSE THE JUDICIARY TO NOT ISSUE IMMUNITY FOR NTHE MP'S....
LLN65 says to rcookie(): good morning thanks for being here and all you do!! (F)
rcookie says(): THIS REPORT IS A LITTLE LONG...BUT HAS SOME GREAT INSIGHT FROM THE OIL MINISTER ABDUL-MAHDI CONCERNING CALL FOR IMMEDIATE IMPLEMENTATION OF PROPOSALS THAT WILL EASE THE ECONOMIC CRISIS...PLEASE READ...VERY GOOD STUFF!!
rcookie says to LLN65(9:36 AM): GM LLN65!! YVW AND THANK YOU FOR YOUR INCREDIBLE WORK!!!
rcookie says(): Oil Minister offers capable of immediate implementation of the proposals would ease the country's crisis 2016/01/17 10:52 Number of Views: 105
Tomorrow Press / Baghdad: feet Oil Minister Adel Abdul-Mahdi, Sunday, proposals are for immediate implementation and would alleviate the economic crisis experienced by Iraq, as he put it. ‘
He wrote Abdul-Mahdi on his page in the social network "Facebook, and reported," site tomorrow Press " , "The country's budget is facing a liquidity crisis, like many countries, but the country's reasonable possibilities allow to ease the crisis, there are some trends executable immediately, and there are other require some action."
He continued, "what conditions the central bank still reassuring despite the decline in reserves, but has reserves of more than $ 50 billion, and compared to all, it has been the reserve in mid-2003 almost non-existent, and oil imports less than 20% of what it is today, despite lower prices, and foreign debt exceeds 120 billio
LLN65 says to rcookie(): that was so nice of you to say thank you!! (F)
rcookie says(): and the interior in the highest level, and imports plunging markets, and despite the fact that Bank reserves is not the property of the government, but it represents a guarantee to move the economy, through the monetary instruments and exchange and interest rates, banks and secondary markets to help the government.
"He added that" state institutions have deposited financial accounts in banks tens of trillions of dinars, and the money belonging mainly to the ministries and companies, but Some of these funds, can contribute to the establishment of funds and portfolios help generate more currency to help improve the liquidity of the state vital pumping in economic activities ".
He explained:" I also have citizens banknotes ranging from 30-40 trillion dinars, and the money, of course, are the property of the citizens, and did not enter the economic cycle or banks, it is a process of hoarding, and the freezing of funds, and is well known that saving sense Economic must equal investment,
rcookie says(): and therefore can lure trillions of dinars to enter the session and the transition to a productive money, invested all its consequences on the liquidity and other economic aspects ,
and will be considered that real reform to move from cash economy Cash Economy to the banking sector, which is the mainstay of modern economies and lever development.
"According to the minister, the state owns the assets of tens and hundreds of trillions of dinars from in-kind assets, and real estate assets, and land and plants are idle, and buildings experience and assets neglected and investments losing ill departments, investment and opportunities for successful,
the activities of the economy move and lift the burden of the state large burdens, and provide a quick and direct Saullac, and economic reforms seriously, can fiscal policy of tax and other help in providing more resources for the State of intelligent measures do not strain the citizen, and the move Economy Ahli. Abdul-Mahdi stressed that
rcookie says():"inflation does not exceed 2%, and the debt is high, and Iraq has oil wealth and large reserves of natural resources and of great investment opportunities, and these are all the temptations of an attractive, to lend Iraq and give him the necessary different forms facilities.
Religion is not a defect or shortage , it is economically, the need if they face in investment trends and possessed payment capabilities, and indeed, Iraq has always met its obligations when he was in the toughest conditions, the World Bank approved the granting of Iraq recently so I did not hesitate a loan of $ 1.2 billion on easy terms, on condition stop gas flaring and stave off the collapse of the Mosul Dam, and all these things are in the end, for the benefit of the economy and the country.
"He pointed out that" what exists today in the Treasury - despite his weakness - no more than it was in the Treasury at the beginning of 2015, although it managed to Iraq in crossing safely despite a lot of
rcookie says(): difficulties, and the war against Daash and the destruction of many of the facilities, including the Baiji refinery, and recorded this thing of Finance and the central and prime minister, as it cut unnecessary expenditures, and spent only 63% of the budget of 2015,
as well as by increasing production of oil and exports than planned, which compensated the proportion of loss due to falling prices, and achieved a net oil resources of $ 43.046 billion, driven them full dues of oil companies, which would be certainly (receivables) in 2016 lower than in 2015 ".
The Minister of Oil that" the concern of the state and citizens legitimate concern, and must inform the public on the facts no matter how harsh, but the panic and the launch of rumors and lies and scaring people is harmful work, and the solutions will not provide a
Read More :http://www.dinarupdates.com/showthre...825#post142825
rcookie says(9:40 AM): complete solution and a final, but it will help to relieve the pressure, and resolving the issue of liquidity remains less complicated than resolving the issue of the economy as a whole, and the best chance to hold radical reforms, reduce the country's dependence on oil, and launched the movement in the market economy and enliven the real in different sectors. "
http://alghadpress.com/ar/news/45012...اد PAGE NOT FOUNDD
Dr Dave says(): ...open and market
Dr Dave says(): open market...nice
rcookie says(): HMMM..CALLING FOR RADICAL REFORM IMPLEMENTATION.....STOPPING MEDIA RUMORS THAT PANIC THE PUBLIC...KEEPING INFLATION UNDER 2%...INCREASING OIL PRODUCTION...
WHILE LAUNCHING DIVERSE NON-OIL SECTORS...PUSUING LAND ASSET LIQUIDITY...AND GETTING CASH INTO THE BANKING SECTOR TO ADDRESS LIQUIDITY...
LLN65 says to rcookie(): AND GETTING CASH INTO THE BANKING SECTOR TO ADDRESS LIQUIDITY...is this the LD's?
Dr Dave says(): they sure are pushing argiculture
rcookie says(): AND.....AGAIN FOR ANYONE STILL ON THE EVERYTHING IS THE SAME...HEARD THAT BEFORE....BEEN THERE DONE THAT...ALL THEY DO IS TALK....
sheila3 says to LLN65(9:48 AM): yeah me to shes almost 80
Dr Dave says() they are good at that RC...hehe
MadDScout says(): LOL nobody who truly READS the news can say "same ol' same ol'"
LLN65 says to sheila3(): wow, mine are getting up there too...
rcookie says(): READ THE PART WHERE THEY ONLY SPENT 63% OF 2015 BUDGET....WHICH IS WHAT THEY ARE GOING TO BORROW FROM CBI NOT THAT THEY HAVE CHANGED CBI ARTICLE 26...ENABLING CBI TO LEND DIRECTLY TO GOI FUNDS FROM PREVIOUS BUDGETS...
sheila3 says to LLN65(): we need to spend time with them (y):)
rcookie says(): NOW*
MadDScout says(): There is heavy talk of being able at no matter the oil cost
MadDScout says(): Cant remember the agency who was discussing this
LLN65 says to sheila3(): I have been able to go out the last 2 years for a visit and I am so glad I did!!
rcookie says(): 2016 BUDGET BY IMF MANDATES WILLBE IMPLEMENTED IN ITS ENTIRETY...ALL PROVINCE ALLOCATIONS (OPERATIONAL) OIL..PORTS & TAX REVENUE SHARING 50% & DISBURSEMENTS...ALL ARREARS ACCOUNTS PAID...
rcookie says(): THE SAME...AS PAST...LOL...NOT EVEN CLOSE....
Where'sthebeef says(): Happy Sunday everyone. Has there been a date put out as the next time they will attempt to get the taxes and tariffs kicked off? thanks
Pablo says to Where'sthebeef(10:03 AM): That al started last week.
Where'sthebeef says to Pablo(): Pablo I don't think the taxes and tariffs have truly started.
msdiva says(): I hope Iraq follows Iran and do the right thing
Where'sthebeef says to Pablo(): I hope it "soon" though. that is our defeinition of the word soon, and not Iraq's..smile
LLN65 says to Pablo(): yeah was gonna say but wasn't 100* sure
LLN65 says to msdiva(): me too
LLN65 says to msdiva(): % lol
Pablo says to Where'sthebeef(): Well, all the reports I saw last week said they had started and I haven't heard of them being cancelled like in times past.
Dr Dave says(): To see Iran rebound... 50 billion??usd and watch Iraq languish.....! tHE RACE MAY BE ON TO SECURE cheap oil contracts
Pablo says to Where'sthebeef(): Let's hope there's a race on to see an RV.
Pablo says(): Let's hope there's a race on to see an RV.
Dr Dave says(): the presuure is on...every day they delay costs them???
GIBB says(): Iran to reconnect to SWIFT banking system soon: Official http://22.214.171.124/Detail/2016/01...-rejoin-SWIFT-
Where'sthebeef says to Pablo(): Sorry but pretty sure taxes and tariffs have not started. What reports are you speaking of? I believe I saw where the budget had the law for taxes and tariffs in it, but I'm pretty certain they have not started yet. BUTTTT, I could most def be wrong, and hope I am, but don't think so. And yes, I hope there is a race to the RV!! more than ready to end this deal
GIBB says(): pressure is on now. for sure
thomas1 says to rcookie(): what is this about march 6 md is talking about .. do we need to wait until then for rv ?
rcookie says to Dr Dave(): RACE HAS BEN ON SINCE 3RD QUARTER 2015...THAT IS WHY ABADI WAS IN CHINA TO SECURE PRTNERSHIP BETWEEN SOMO AND CHINAS SINOPEC WHICH WILL BE HEADQUARTERED IN SINGAPORE...
ALONG WITH PREEMPTIVE FINALIZING THEIR EXPORT CONTRACTS WITH EUROPE...INDIA...AND SOUTH AFRICA....IN PREPARING FOR IRANS RE-ENTRY TO MARKETS...
rcookie says to Where'sthebeef(): ABSOLUTELY NOT TRUE...
Where'sthebeef says to rcookie(): what's no true cookie?
Where'sthebeef says to rcookie(): not
rcookie says to Where'sthebeef(): TARIFFS...
Where'sthebeef says to rcookie(): So the tariffs are in full force everywhere?
rcookie says to Where'sthebeef(): AS MATTER OF FACT THERE WAS EVEN REPORT OF PORT OWNER CHARGED WITH DIVERTING 1.6BILLION DINARS IN INSIDE SCHEME WITH RASHEED BANK EMPLOYEE....THAT THEY CAUGHT AND RECOVERED....
rcookie says to Where'sthebeef(): IN 2016 BUDGET AS 1/116
graylnjo says(): Corruption?? In iraq?? .....OH NO 8-|
rcookie says to Where'sthebeef() LAUNCH OF NEW BORDER POINTS WITH ELECTRONIC CAPTURE AND COMMUNICATION THAT IS CONNECTED TO MOXIBUSTION CARDS AND SINGLE WINDOW SYSTEM....
RickeyT says(): another theory shot down, tarriffs in force and no new rate
Where'sthebeef says to rcookie(): The Kurds have been refuing to implement taxes for years. Each time they have tried to implement them in diff provinces the provinces have refused to do so, becuase it wasn't done everywhere. I can see that maybe there was port tariffs collected on oil, or certain things, but I don't think it is the tariffs we ar looking for.
Yes, I see it is in the budget, but the budget hasn't been implemented yet. I don't even think it's made it's way into the gazette yet. I really want the tariffs to kick into full gear, but I don't think they have yet.
Where'sthebeef says to rcookie(): Yes the new border points with electronic capture is HUGE, and I think it shows that tariffs a super close
Where'sthebeef says to rcookie(): I'm probably wrong, but I just don't think the tariffs are in full force at all points in Iraq, if any other than the ports
Dr Dave says(): tick tick....like watching water come to a boil
rcookie says to Where'sthebeef(): THE REPORTS ARE CLEAR TAT THE KURDS ARE IMPLEMENTING TAXES AS THE TURKEY BORDER POINT OBRIHAM REOPENING AND CONNECTED TO THE BORDER POINT CONTROL SYSTEM....
THE KURDS LOS OF REVENUES FROM THAT BORDER POINT SHUTDOWN WERE $22 MILLION DOLLARS PER MONTH....THE KURDS AND ALL BORDER POINT PROVINCES ARE RECEIVING 50% REVENUES FOR TARIFF COLLECTION IN 2016 BUDGET...
SO DO YOU THINK THEIR IS INCENTIVE THEIR TO COLLECT THESE FUNDS NOW..WHEN THEY ARE WHAT WILL FUND THE INDIVIDUAL PROVINCE INFRASTRUCTURE DEVELOPMENT PROJECTS....
jd says(): If the T&T were in force now the people of Iraq would be screaming loud.
Dr Dave says(): see the news re article 140 today rc?
Where'sthebeef says to rcookie(): I am not saying the incentive is not there. Absolutely it's there. Yes, it is in the budget, but the budget hasn't even made it to the gazette yet. Not sure it it would need to be in the gazette or not to acually implement the tariffs or not. Yes, cookie it all sounds great, and it is all in the budget ready to go, but still I don't think the tariffs have been implemented yet.
rcookie says to Where'sthebeef(): THEY ARE AND HAVE BEEN JD...READ THE REPORTS...DO YOU SEE WHAT THE COST OF BREAD AND SUNDRY ITEMS IN IRAQ IS....
THEY ARE PROTESTS AND RIOTS EVERYDAY IN ALL PROVINCES...HOW MUCH LOUDER CAN THEY SCREAM...30% UNEMPLOYMENT AND RAMPANT POVERTY IS CREATING GANG AND CRIME INCREASES IN ALL AREAS...
Comments may be made at the end of Part 2 Thank You