Post From Dinar Updates 2-25-16
Chat Room Excerpts & Highlights
Dinar Updates Thursday AM Chat 2-25-16 Part 1 of 3
rcookie says to Geofitness( NO NOT AT ALL...THE EFORTS TOWARD RECOVERING THOSE $14 BILLION IN FUNDS AS WELL AS OTHER ASSETS BEING PURSUED WILL TAKE MUCH TIME TO RECOVER....
THAT BING SAID...THERE ARE REPORTS SHOWING IRAQ OWING OIL COMPANIES ALMOST $30 BILLION FOR CONTRACT LICENSING FEES...
AND $5 BILLION PER MONTH ADD TO DEFICIT WITH EXISTING OIL PRICES AND NEW AGREED PRODUCTION FREEZES....
I DONT THINK BY ANY MEANS THIS DIFFUSES THEIR DIRE STATUS CURRENTLY...
IT IS ANOTHER MEANS BEING PUBLICLY DISCUSSED TO ADDRESS CRISIS...
ALONG WITH CUSTOMS TARIFFS...AGRICULTURE AND INDUSTRY ACTIVATION...STATE BANK RESTRUCTURE...LIQUIDATING STATE REAL ESTATE...COLLECTING MOBILE PHONE/INTERNET TAXES...AND ELECTRICITY DUES....,
THESE ARE ALL REVENUE POSSIBILITIES THEY ARE EXPLORING THAT WE WILL BE HEARING MUCH ABOUT IN THE NEAR FUTURE...
magnetlady says rcookie - good morning
rcookie says to magnetlady GM MAGS!!....HOW ARE YOU TODAY..
Geofitness says to rcookie Thank you for taking time to give a thorough answer
magnetlady says( hey rcookie feel a bit better. Had been burning that candle at both ends and finally got a good nights sleep last night.
rcookie says to magnetlady THAT ALWAYS HELPS...SETS THE TONE FOR EVRYTHING....
rcookie says to Geofitness (y)
magnetlady says It sure does
rcookie says to Geofitness STILL BEWILDERED THAT THERE ARE STILL THOSE WHO DONT BELIEVE OR QUESTION WHETHER THE 2010 CUSTOMS TARIFFS PROGRAM HAS BEEN APPLIED AND ACTIVE ACROSS THE ENTIRE COUNTRY WITH THE NUMEROUS REPORTS DAILY...
rcookie says WE HAVE HAD EXCITING NEWS THE LAST WEEK OR SO PROVIDING STATUS CHECK AGAINST TH STATE BANK BREAKUP AND RESTRUCTURE AT 90% COMPLETEION...
ONE REPORT EVEN OUTLINED THE RAFIDAIN BANK BRANCHES BEING REVIEWED AND VETTED FOR PROCESSING THE 2ND STAGE OF PUBLIC LOAN PROGRAM DISTRIBUTION.....ALONG WITH LISTS OF NAMES OF BORROWERS....
David8 says gives you all you need in His perfect timing:)
Geofitness says to rcookie While I cannot speak for everyone, I'll say my interpretation of the current disbelief is that of missed deadlines and false promises in the past that tends to haunt our emotions regardless of what we read today....even though there is continual forward progress.
I liken this investment to a fat person who continuously diets living in perpetual "hope" of the outcome they desire. It takes focus, mentoring, consistency and patients to achieve progess and living with abandone of whatever the outcome will be.
The amount we may receive with this investment may or may not be what we "hope" for but with due diligence, persistence within the governing bodies assisting Iraq as well as our observation will bring into fruition a new life. Attachment to the outcome of weight lossed or money expected may bring ubdue stress. My introspective look and analogy for the day.
Geofitness says to rcookie Undue
flint says to Geofitness we know Iraq will be a major player in the world economy in the near future. It will happen when it is time.
rcookie says(): I AGREE AND UNDERSTAND...
HOWEVER IF ONE HONESTLT SELF ASSESSES AND FINDS THEIR TO BE A DISAPPOINTMENT SENSITIVITY TOWARD DATE CENTRIC APPROACH OR MIND SETS TOWARD REVIEWING THIS INVESTMENT...
NEED TO MAKE COGNITIVE DECISION TO FILTER AND STEER CLEAR OF THOSE ADVOCATING THAT TYPE OF RHETORIC...BUT SOME CANT SEEM TO HELP THEMSELVES....
CONSTANTLY SUBJECTING YOURSELF TO THAT KIND OF TOXIC CYCLE AND ENVIRONMENT THAT YOU KNOW IS GOING TO LEAD TO FURTHER DISAPPOINTMENT AND FRUSTRATION.....LIKE HOLDING AN AA MEETING IN A BAR.......
Geofitness says to rcookie I concur
larrykn( rcookie that is called life, thank god everyone things different otherwise this would be a dull world
rcookie says to larrykn GM LARRY!!...
*.MOD.magnetlady.copy says Love your analogy rcookie.
ALON says(): When you get into a tight place and everything goes against you, till it seems you could not hang on a minute longer, never give up then, for that is just the place and time that the tide will turn.
ALON says Opportunities do not come with their values stamped upon them. Everyone must be challenged. A day dawns, quite like other days; in it a single hour comes, quite like other hours; but in that day and in that hour the chance of a lifetime faces us.
rcookie says THE NEWS IN LAST COUPLE OF WEEKS ABOUT WHERE IRAQ IS STATUS WISE WITH BREAKUP..RESTRUCTURE AND PRIVATIZING 2 STATE BANKS AT 90%...
THIS COULD BE ONE OF THE FIRST SIGNS OF ACTIONABLE RESULTS AWAY FROM COMPLETING THE 2 STATE BANK RESTRUCTURE & PRIVATIZATION….
ITS IS WHOOPOW WORTHY!! 5 SPECIFIC RAFIDAIN BRANCHES TO START EXECUTING LOANS TO NEW LIST OF BORROWERS THROUGH SME LENDING FUND…348 BORROWERS…
AND LOAN SPECIFICS OF 8-12 MILLION…IF THOSE SME FUNDING PROGRAMS LAUNCH AND EXECUTE IN THE NEWLY FORMED REORGANIZATION STRUCTURE WITHIN 2 BIG STATE BANKS…
rcookie says AND TODAYS NEWS....
rcookie says HERE IS TODAYS REPORT ON RASHEED BANKS PROGRESS ON FUNDING PROGRAM IMPLEMENTATION...
rcookie says Work: The central bank has agreed to grant the ministry sums medium Mstreeta He wrote: February 25, 2016
Confirmed the Ministry of Labour and Social Affairs, on Thursday, the central bank and the ministry agreed to lend a sum of money for the purpose of opening a medium projects for citizens, while noting that one of the loan ranges from 10 to 50 million dinars.
Said supporting small projects in the Ministry of Labour, director Atef Ahmed said in a statement, "We met with the Governor of the Central Bank of Iraq and the ministry agreed to lend a sum of money in cooperation with the Rasheed Bank for the opening of medium projects for the citizens."
Ahmed added that "one of the loan, which will be given to the citizens ranges from 10 to 50 million Iraqi dinars."
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clay01 says to rcookie Not a lot of money at current exchange rate, 10,000 dollars worth, hard to start a business on that, hmmmm
rcookie says AGAIN..REMEMBER THE MOF OWNS THE 2 STATE BANKS...AND HAVE BEEN SUBJECT TO HUGE CRITICISM AND CALL FOR CHANGES RECENTLY ON PERFORMANCE AND CORRUPTION ISSUES IMF/WB/UN/US/EU HAVE EXPRESSED DEMANDING THE OUSTER OF ZEBARI AND ALAK.......
AND RESTRUCTURE/PRIVATIZE PROJECT ONGOING FOR YEARS IS RECENTLY REPORTED AT OVER 90% COMPLETION AND HAS END OF FEBRUARY REVIEW DEADLINF WITH IMF....
rcookie says to clay01 AGREED BUT REMEBER THAT IS SME SIZED LOANS AND BUSINESSES...(y)
Holly1 says Iraq and the World Bank are carrying out a program of a complete system of social protection in Iraq
Holly1 says Shafaq News / The Minister of Labour and Social Affairs Mohammed Shia 'Al Sudani said the ministry carried out in collaboration with the World Bank strategic program runs for five years until 2019 and represents a road map of the ministry in the next stage to get into an integrated social protection of social safety nets and social security and labor market policies system .
The Sudanese during a workshop held by the Ministry with the World Bank to discuss the first phase of support for the social protection program in Iraq in Baghdad, said the protection system includes new mechanisms and systems for effective programs to build social researchers abilities and An_ia unified social protection fund and put invest his money mechanisms .
Holly1 says He added that the ministry has cut off an important way in purification and organizing social protection network of squatters them and is eligible in light of the strict implementation of the provisions of Law No. ( 11) for the year 2014 , which represents a quantum leap in the field of social security for the poor to secure and ensure a decent life for citizens living below the poverty line, pointing that the ministry was able to recover more than 20 billion dinars from the squatters on social protection .
He said the Sudanese that the ministry has worked to filter beneficiaries data from the subsidy of social protection to keep out non-eligible income for the program base has managed social protections body scan approximately one million families and individuals registered with it will be after the exclusion of non-eligible based on the poverty line standards .
Holly1 says He pointed out that according to the road map that has been agreed upon with the Bank, the Department of pension and social security is a responsibility to work to build departments with outstanding performance and the adoption of innovative programs to adopt the rules of information and data on the labor force in the country to be a reliable source for the advancement of the functions of social security and the development of infrastructure labor market information .
The Minister said the workshop held by the Ministry with the World Bank in the presence of international organizations and the Ministry of Planning and international partners and the public pension body come to review the road map approved by the ministry
Holly1 says He said that despite the financial crisis and economic conditions experienced by the country as a result of lower oil prices, the government has been allocating funds for the program of social protection and reached the program allocations to a trillion and 900 billion dinars identified disbursed to families which are below the poverty line mechanism .
For his part, representative of the World Bank adviser Ramzi Naaman said the workshop come to discuss with the social partners, government and non-government agencies to cooperate in the implementation of the social protection system in Iraq that stretch of the road map in 2015 up to 2019 , pointing out that the bank's work with the ministry to develop programs to improve level departments and locations in order to reach an optimal implementation of this system, which will have a positive impact on other sectors .
Holly1 says Douai : Missan refinery investment the first project of its kind in Iraq and offers a 2000 degrees and
Holly1 says Careers Twilight News / Governor of Maysan Ali Douai said on Thursday that the project of Maysan refinery investment is the first of its kind in the country, announcing that this project will be on the first two phases of which fill the local need and the other for the purpose of export to the outside .
This came while attending the foundation stone of the refinery Maysan Investment International laying ceremony card 150 thousand barrels per day in the presence of deputy minister of oil for refineries and members of the House of Representatives and members of the Board of Maysan province, and senior state officials and a group of citizens, according to a statement issued by the Information Office of the Governor .
Holly1 says The governor of Maysan in a speech during the ceremony, he was the cornerstone of the international Maysan refinery primarily placed on the land area ( 2420) acres and a production capacity estimated at ( 150) thousand barrels and the duration of the completion of four years and in two phases .
He added that the first phase to meet the needs of the province and the country of oil derivatives products of high quality is detrimental to the environment, while the second phase are for export .
Douai and pointed out that this project is the first large investment project in the oil filter sector in all parts of Iraq and executed by a coalition of Maysan International Inc.,
which includes Chinese Bohan Company, a state-owned company is a major engineering companies and processing and the Chinese construction company Satarim Swiss and that the Iraqi government and the banks did not intervene in the financing of the project at all .
Holly1 says He stressed that the local government in Maysan oversee Tam oversee its implementation where the products will be the highest international environmental standards and local market directly and will move as well as providing nearly 2000 jobs for the people of the province .
Holly1 says Tamimi and officials in Baghdad governorate protesting the delay in disbursement of funds Cleanups
02/25/2016 Twilight News / Baghdad Governor Ali al-Tamimi called on Thursday to speed up the province and sprayed dues companies and disbursement amounts cleaning carried out by the province in the areas of parties .
Tamimi said during the demonstration, which came out with a number of officials in the province and a group of those affected by the delay in disbursement of money today that " to maintain the privacy of Baghdad as the capital city and the Ministry of Finance observed " .
Holly1 says He said he " should be taking into consideration the important projects stopped, compared to the rest of the provinces and that's what makes it imperative for the ministry to expedite the release of these customizations and exceeding the rings routine and pay the dues of the province and the companies and the launch of sums cleaning carried out by the province in the areas of the parties " .
Holly1 says Work sets Sunday deadline to update beneficiary data and otherwise cut subsidy
Holly1 says Shafaq News / The Ministry of Labor and Social Affairs on Thursday that the deadline for updating data of beneficiaries in Baghdad and the provinces will be next Sunday .
The general director of the Department of Social Protection Zidane Khalaf Obaid during a meeting directors two years in the form of social protection in a statement responded to the Twilight News, that the beneficiaries of the subsidy of social protection who have not updated their data or have not visited by social researcher at Baghdad and the provinces will be the last date for them in 28 - 2 - 2016 and otherwise will be cut subsidy on their final .
Holly1 says He called the servants covered by the social subsidy who did not reach them teams of social research to review sections circle in Baghdad distributed between Karkh and Rusafa and Sadr, as well as sections of the circuit in the provinces until next Sunday to avoid cutting the subsidy for them, stressing the need for concerted efforts of all efforts to raise the efficiency of the performance of staff and completion operations update data the beneficiaries as quickly as possible .
Holly1 says Central : loans for medium-sized projects for citizens
Holly1 says BAGHDAD / obelisk : confirmed the Ministry of Labour and Social Affairs, on Thursday, the central bank and the ministry agreed to lend a sum of money for the purpose of opening a medium projects for citizens, while noting that one of the loan ranges from 10 to 50 million dinars .
Holly1 says Said supporting small projects in the Ministry of Labour Atef Ahmed, director, in an interview for the program " from 10 of the 11" aired " Alsumaria TV " , " We met with the Governor of the Central Bank of Iraq, and we agreed to lend to the ministry sum of money in cooperation with the Rasheed Bank for the opening of medium projects for citizens
Ahmed added that " the one loan that will be given to the citizens ranges from 10 to 50 million Iraqi dinars
Holly1 says It is said that the Ministry of Labour and Social Affairs launched in ( 18 Cannon the second 2016) meal of 14 persons covered by facilitating income-generating loans registered in operating loans department of the ministry database in the four governorates of Basra, Kirkuk, Anbar and Salahuddin .
Holly1 says Source : Cabinet reshuffle expected includes nine ministers and is under the supervision of Abadi and Maliki Author : BS, ZJ Editor : BK, BS 02.25.2016 16:46
Holly1 says Revealed a senior political source said on Thursday that the work of the committee evaluating the current ministerial cabin and other filtration alternative, under the direct supervision of the three leaders of a coalition of state law, including the Prime Minister, Haider al-Abadi and leader of the coalition Nuri al-Maliki, while between it recommended the removal of nine ministers hold Bags of Justice, reconstruction, housing, health, water resources, and other switch positions, including Minister of Higher Education .
The source said in an interview with the ( long-Presse ) , said that the " committee formed cabinet of advisers and academics to evaluate the current ministers and the nomination of the new, working under the supervision of the Prime Minister, Haider al-Abadi, the head of a coalition of state law, Nuri al-Maliki, the head of the parliamentary bloc of the coalition, Ali Adeeb . "
Holly1 says He said the high-level source, who asked not to be named, that the three characters, are the owners of the final decision on who is fit for the survival of the current ministers and the nomination of the new . "
The source explained that " the Committee reached some results, notably removal of nine current ministers, including Tariq Kikhany, Construction and Housing, and Haider al-Zamili, Justice, and Mohsen al-Shammari, water resources, and Adila Hammoud, health as well as Ibrahim al-Jaafari, Foreign " , noting that there are " and current ministers will change their bags, including the Minister of Higher Education and scientific research, Hussain al-Shahristani . "
Holly1 says The coalition of state law, has revealed in ( the 23 of February, 2016 current ) , the existence of a committee of academics and consultants from various ministries, to help the prime minister, Haider Abadi, in the selection of the new ministerial cabin, while the citizen block to view the Commission on the political spectrum called for to keep the " doubts " on them being on the one hand, the Kurdistan Alliance, proposed the abolition of the ministries that were transferred its powers to the provinces to include new cabin 14 Ministry only .
Holly1 says The leader of the Sadrist movement, Muqtada al-Sadr, the AVI ( the 19th of February, 2016 current ) , a list of independent Iraqi figures whose mission would be to form a committee to choose a new ministerial cabin, warning that non-acceptance of the political blocs that will be followed by " other steps ".
The head of the government, has revealed in ( the 11 of February, the current ) , as being still awaiting a response from the political blocs on the Ministerial amendment proposed .
Holly1 says The Prime Minister Haider al-Abadi, called in ( the ninth of February, the current ) , to conduct a cabinet reshuffle , " a fundamental and comprehensive " out of national responsibility, while the detection of the completion of the preparation of a plan for reducing its ministries, counting that the government " succeeded in crossing the most difficult stages " during the last term .
Loopback says to rcookie He said the high-level source, who asked not to be named, - Wow must be true look who said it!
Holly1 says Government reservoir draw upon the central bank to meet the employees' salaries
2016 - 02 - 25 BAGHDAD / JD / .. A commission of economy and investment representative, for use of government cash Balaanaat of hard currency at the central bank to meet the salaries of state employees in the current financial crisis .
A member of the committee MP Ahmed Salim told / KD /: that " During our meeting with the Governor of the Central Bank that it has confirmed there is a part of the employees' salaries for the
Holly1 says last month has been spent of the cash reserves of hard currency " , stressing that " the government is obliged to finance the State Administration through the clouds reserves from the central bank because the country is going through a severe economic crisis due to falling oil prices . "
He added that " no harm from the government directed towards the use of the reserve in order to stroll things and solving some of the country's financial crisis as a crisis payment of salaries or other ./ ended / 8 /
Holly1 says Traders are taking advantage of legal loopholes exempting them from the payment of customs duties
2016 - 02 - 25 BAGHDAD / JD / .. after it announced the federal government for the activation of the customs tariff law requiring all border crossing points to be applied in order to increase state revenues in the current financial crisis experienced by the country as a result of lower oil prices,
but some traders took advantage of some legal loopholes, including trade agreements It concluded with some countries that granted exemption from customs tariff as well as falsification of some official papers to make it within the exempted from paying fees .
pizzaman says GM All...just curious, the individuals getting the boot...are elected officials or appointed officials?
rcookie says THAT IS SOL DECIDING ON CABINET POSITIONS IN RESHUFFLE...TITLE CAN BE MISLEADING....
pizzaman says Refresh my memory...SOL?
rcookie says STATE OF LAW
pizzaman says( ok...thank you!
Holly1 says He says economist Maytham and coffee, that with the start of the application of the customs tariff law of some of the challenges have emerged, including that Iraq has free trade agreements between Arab countries granted exemption from customs tariffs .
He told / KD :: The Iraqi traders took advantage of the gaps to get exemptions Kmarkip, which would deprive the Treasury of significant resources, and that some Cisara to falsifying papers to prove what makes him within exempted from paying customs .
He added that " it would take to cut the road to those, and because these agreements have affected the Iraq always benefit those countries that are working to freeze such agreements and unify the work of the customs tariff law to include everyone and all the ports and without exceptions ."
Loopback says to rcookie Maliki on the comittee making the decision. LOL.
Holly1 says For its part, the Committee on Economy and Investment parliamentary ruled out that some traders taking advantage of some of the legal loopholes for not including them in the customs fees on goods, stressing inclusion of all imported goods except customs tariff pertaining to the investment sector .
A member of the committee MP Ahmed Salim told / KD /: that the customs tariff law covering all imported materials and any state except for materials pertaining to investment, where relieved law possessors investors an investment license from the excise tax and customs for a period of 10 years, adding that if there were traders are exempt from fees, this is a violation of the law .
Holly1 says He added that there are no agreements between Iraq and some states exempt some goods from customs tariff, because the principle of free trade in the WTO that Iraq will be a free market for the exchange of goods, but that does not mean that the organization imposed on Iraq to exempt certain countries or goods from customs duties .
Holly1 says The committee of economy and investment representative, confirmed earlier told / KD / lack of legitimacy of the government to exempt some imported materials from customs duties without modification of the customs tariff law by Parliament .
Said committee member Rep. Najiba Najib, said that although the customs tariff law has been enacted years ago, but has been applied in the current year, given the economic and financial circumstances of the country .
rcookie says to Loopback GOOD OLE FRED FLINSTONE...
Holly1 says She added that the government can not be exempt some imported goods from customs duties unless there is an amendment to the law of customs tariff by the House, saying that if the exception is temporary there is no objection to the government that excludes according to a specific period ./ ended / 8
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