Post From Dinar Updates
Chat Room Excerpts & Highlights
Dinar Updates Wednesday AM Chat 6-15-16 Part 1 of 2
jd says():I would like to see Iraq just make one deadline without a postponement.Im not sure that is possible?
jd says():Dates mean nothing in Iraq.
larrykn says to jd():ya they are a bunch of slacker lol
jd says():Maybe that is their culture.To never meet deadlines??
larrykn says to jd():IMO they put it off because the parliment hasn't come back yet, once they do things will move a lot faster
rcookie says to jd():AND WHAT DATES ARE THOSE JD........
rcookie says to larrykn():SO I SEE
rcookie says():SO I SEE THE IRAQIS NEVER MEET DEADLINES...NEVER DO WHAT THEY SAY THEY'RE GOING TO DO...
larrykn says to rcookie():yes a bunch of slackers :D
rcookie says():READ CHAT YESTERDAY...CUSTOMS & TARIFFS NOT ACTIVATED YET.....
larrykn says to rcookie):yes put off till the 25th I believe
rcookie says():ABSOLUTELY UNBELIEVABLE...
rcookie says():WHAT WAS.....
larrykn says to rcookie():they put off the Tariffs activation till the 25th
larrykn says to rcookie():thats a long time :D
risk says():rc is playin w/you
rcookie says():NO....ARE YOU UNDER THE IMPRESSION THAT CUSTOMS TARIFFS ARE NOT BEING ENFORCED AND COLLECTED RIGHT NOW AS HAS BEEN SINCE JANUARY......
larrykn says to risk():I don't think its me :)
larrykn says to rcookie():i felt they had certain tariffs in place but not all
rcookie says():2010 CUSTOMS TARIFFS RATESOK...LETS FIX THIS....
rcookie says():LETS FIX THIS...
rcookie says():IRAQ HAD A CUSTOM TARIFF RATE THAT WAS BEING ENFORCED IN 2015 CORRECT.....
larrykn says to rcookie():yes
rcookie says():THEN THEY ANNOUNCED THEY WERE GOING TO ENFORCE THE NEW 2010 CUSTOMS TARRIFFS RATES IN MAY WHICH WERE MUCH HIGHER....RIGHT
larrykn says to rcookie():yes
rcookie says():THAT PROGRAM WAS INITIALLY ATTEMPTED BUT THEN POSTPONED BECAUSE THE BORDER CROSSING POINTS WERE NOT READY TO ENFORCE UNILATERALLY ACROSS THE BOARD IN ALL REGIONS...
WHEREBY BASRA WAS APPLYING BUT OTHER AREAS LIKE THE KURDS WERE NOT...
larrykn says to rcookie():Tariffs
rcookie says():BASRA RIGHTFULLY CRIED FOUL...BECAUSE THE BUSINESSES IN THEIR REGION WERE BEING PUT AT A HUGE COMPETITIVE PRICING DISADVANTAGE...
AS THE IMPORTERS WERE CIRCUMVENTING THE AREAS THE TAXES WERE BEING APPLIED...
larrykn says to rcookie():right
rcookie says():SO THEY DELAYED THE ACTIVATIOIN OF THE 2010 CUSTOMS RATES...UNTIL JANUARY 2016....
larrykn says to rcookie():right
larrykn says to rcookie():?
larrykn says to rcookie():what changed
rcookie says():THEY WERE FULLY IMPLEMENTED IN JANUARY 2016 ...AND CONTINUE TO BE SO TODAY...
larrykn says to rcookie():if they raised the tariffs that would increase what they paid for those good, with no increase in the value of the dinar , that seem you be putting a burden on the people
rcookie says():IN THE LAST 10 DAYS...THEY ANNOUNCED THEY ARE GOING TO RAISE SOME OF THE TAXES APPLIED TO CERTAIN GOODS EFFECTIVE JUNE 15TH....
AND WOULD BE PUBLISHING THOSE RATE INCREASES IN ENGLISH AT SOME POINT PRIOR TO IMPLEMENTATION....
larrykn says to rcookie():and because they haven't finished with the laws and amendments needed from parliment they have now put it offf till the end of the month
rcookie says():SUNDAY THEY ANNOUNCED DELAYING THE APPLICATION OF THE NEW INCREASES UNTIL THE 25TH OF JUNE......THE EXISTING 2010 CUSTOMS TARIFFS ARE CONTINUED TO BE COLLECTED...
larrykn says to rcookie():am I wrong on my thinking ?
rcookie says to larrykn():CORRECT...AND IT HAS BEEN...
larrykn says to rcookie():also the 2010 tariffs that are activated are only for certain items right
clay says to rcookie():IYO why the delay
rcookie says to larrykn():NO......THEY ARE FOR ALL ITEMS......AND CONTINUE TO BE COLLECTED....THERE IS A 300% TAX ON CIGARETTES AND ALCOHOL....
larrykn says to rcookie():that is what I was thinking ty
larrykn says to clay():IMO parliment
rcookie says to larrykn():WE HAVE SEEN IN LAST 10 DAYS THE REOPENING OF JODAN BORDER CROSSING AND THE KURD/SYRIAN BORDER CROSSING....AND IMO THEY ARE BRINGING THOSE ON LINE..
larrykn says to rcookie():I don't know about you but I likey :)
rcookie says to larrykn():AND .....THEN THIS IS A BACKDROP.....THIS IS TOMORROW....
rcookie says to larrykn():An extraordinary meeting of GCC finance ministers tomorrow in Jeddah
Economy - Wednesday, June 15, 2016, 14:08 / 240 Show
Hold the finance ministers of the GCC tomorrow evening an extraordinary meeting in Jeddah to discuss the activation of economic integration which, in addition to the value-added tax and the selectivity of the GCC tax.
General Secretariat of the Council said in a statement today: «The meeting will address a number of topics, the most important of the recommendations submitted by the joint meeting of the commission agents Ministries of Finance and the Committee on the heads and directors of tax departments draft conventions unified VAT tax and selectivity of the Gulf Cooperation Council.
The meeting will also discuss many of the proposals made by the GCC countries on activating cooperation and economic integration among member states. »
And agreed to the GCC countries to adopt a unified framework for the application of VAT by 5 percent to promote the sustainability of financial flows to governments, it is expected to apply the tax on December second / January 2018 or 2019 at the latest.
rcookie says to larrykn():A HUGE MEETING OF GCC FINANCE MINISTERS MEETING IN JEDDAH SAUDI ARABIA TO DISCUSS ECONOMIC INTEGRATION OF 5 % VALUE ADDED TAX OF GCC WITH FINANCE MINISTRIES AND TAX DEPARTMENT HEADS.......
larrykn says to rcookie():that sounds real good and a HUGE meetig :)
rcookie says to larrykn():AND THERE WAS MORE ME PARLIAMENT SHOW THROWING THIS TIME IN KUWAIT PARL....WE SHOULD DO AN OVER/UNDER POOL FOR SHOE THROWING..
larrykn says to rcookie():lol
rcookie says to larrykn():LINE IS 7.5.........LOL
rcookie says():US APACHE HELICOPTERS ARE KICKING BUTT IN MOSUL.....
subgirl says to rcookie():(y) that is what we need!!! :)
larrykn says to rcookie():Apaches will do that :D
larrykn says to rcookie():hoo-ha :)
risk says):Seems the pressure is now on Obama to be more agrresive on fightind isis
larrykn says():Go Army :)
larrykn says to risk():he won't do anything we have to wait for the new president to step in
clay says to rcookie():but an ISIS sniper killed their commander yesterday
rcookie says():500 ISIS ELEMENTS WERE ARRSTED YESTERDAY TRYING TO HIDE OUT IN DISPLACEMENT CAMPS NEAR FALLUJAH...
subgirl says to rcookie():that is awesome! 500? WOW!
clay says to rcookie():I wonder how many more there are
rcookie says():40 ISIS ELEMENTS SURRENDERED TO ISF FORCES SOUTH OF MOSUL....
larrykn says to rcookie():ISIS is on the losing side now, we just need to keep going after Mosul and keep hitting them till there is no more of them
Baxter says():Clay... we are half way thru June... (y)
clay says to larrykn():the 15th was the deadline for the loans
Woodywoodpecker says():and its half way thru the month
larrykn says():lol that is true
rcookie says to larrykn():OK....THIS WAS OFF OF THE REPORT WE BROUGHT IN ON MONDAY NT REGARDING THE 15 INTERNAL OFFICIALS WHO WENT THROUGH SPECIALIZED AML/CFT TRAINING PROGRAM THROUGH CENTRAL BANK AND ALAKS PRESSER WITH PRIVATE BANKS ASSOCIATION...
rcookie says to larrykn():OOPS
rcookie says():The central bank issued a statement regarding a meeting with representatives of the Governor of the Bank Association of Banks
Expenditure Rating: 0 Posted By editor Economy News / Baghdad ...The CBI on Wednesday issued a statement regarding a meeting with representatives of the Governor of the Bank of association of private banks and the Iraqi as follows ..
To meet with Governor of the Central Bank of Iraq
He met with Governor of the Central Bank of Iraq, Mr. Ali Mohsen Ismail On Sunday 12/6/2016 with a delegation from the Iraqi private banks association and a number of trainees from those banks to the work of money laundering and financing of terrorism,
which was held by the Association of private banks and in collaboration with Iraqna economic and administrative services, and training (ACAMS) the governor emphasized the establishment of these trainees with private banks staff jobs money laundering and stressed the importance of cooperation between the Bank and the Association thanked sovereignty efforts and the importance of these training sessions and also thanked the Association to prepare a book containing the full laws of the Central Bank, banks and the laws of coins and Securities Commission
Read More : http://economy-news.net/content.php?id=3946
rcookie says():SO THIS BOOK OR MANUAL BEING ADDED TO CBI LAWS AND LAWS OF COINS AND SECURITIES COMMISSION.....HMMMMMM..
rcookie says():AND ANOTHER FACTOR FOR THE IMF MANDATE OF REWRITING CBI LAW..
larrykn says():laws of coins hmmmm :)
larrykn says):lets get those coins out :)
rcookie says():I LIKE SECURITIES COMMISSION BETTER!!........
larrykn says to rcookie():yes they have been working real on that
rcookie says():The arrest of 500 members of the «Daash» tried to infiltrate from Fallujah
External female - Wednesday, June 15, 2016, 0:58 / 1167 Show
Participate:| (Dpa) | Iraqi security forces arrested about 500 al Daash terrorist fighters tried to infiltrate with the displaced families from Fallujah.
The news agency quoted Iraqi media (INA), a statement from the cell-Harbi media on Tuesday to say «The security forces arrested 500 members of gangs (Daash) terrorist while trying to infiltrate with families under siege in Fallujah».