DINAR UPDATES 3-30-16
Post From Dinar Updates
Chat Room Excerpts & Highlights
Dinar Updates Wednesday PM Chat 3-30-16 Part 2 of 3
rcookie says():HERE IS THE ARTICLE VIII SECTION THEY BREACHED....
rcookie says():2013....BUT HAD ACCEPTED ARTICLE VIII OBLIGATIONS...
Loop says():So do you think the IMF would be willing to loan the 15 billions dolars over the next 3 years, if they saw any systemic issues with the way Iraq is currently doing things?
Martha Sue says to Loop():good point!
_firefly_ says():gREAT QUESTION LOOP !
_firefly_ says():blasted caps lol
NWBeauty says():they were schooled in the workshops
Loop says():ANSWER OF COURSE THEY WOULD NOT
rcookie says to Loop():GREAT POINT LOOP.....OR THAT THE NECESSARY PROGRESS IN PRIVATIZING THE 2 STATE BANKS AND BANKING SYSTEM IN GENERAL ....
NWBeauty says():special message reminders from IMF to CBI with kisses
Loop says():They had to have liked what they saw during the meeting in Oman.
rcookie says to Loop():THINK THEY ARE GOING TO CHANNEL FUNDS INTO A KNOWINGLY CORRUPT SYSTEM....FOR ANOTHER HELPING OF THE SAME...
rcookie says():THERE ARE 2 AREAS OF CONCERN TOWARD ARTICLE VIII......ANYONE WANT TO SEE THEM....
NWBeauty says():I do I do
Loop says():THINK THEY ARE IN THE BUSINESS OF GIVING MONEY TO COUNTRIES WHO CANNOT PAY THEM BACK?
Loop says():YEs course they want to see them!
rcookie says():THIS IS SECTION 5 WHICH THEY WERE IN BREACH OF...
Loop says():Will it require me to read something?
rcookie says():Section 5.Furnishing of information(a) The Fund may require members to furnish it with such information as it deems necessary for its activities, including, as the minimum necessary for the effective discharge of the Fund’s duties, national data on the following matters:
jimplants says():IMOall of this money will have an electronic trail there will be no hands in the cookie jar. that is the reason the UST is there
rcookie says to Loop():I CAN DRAW SOMETHING ON THAT NEW SCRIBBLY THING....
Loop says():Oh please do. I love pictures!
rcookie says():(i) official holdings at home and abroad of (1) gold, (2) foreign exchange;
(ii) holdings at home and abroad by banking and financial agencies, other than official agencies, of (1) gold, (2) foreign exchange;
(iii) production of gold;
(iv) gold exports and imports according to countries of destination and origin;
rcookie says():v) total exports and imports of merchandise, in terms of local currency values, according to countries of destination and origin;
(vi) international balance of payments, including (1) trade in goods and services, (2) gold transactions, (3) known capital transactions, and (4) other items;
(vii) international investment position, i.e., investments within the territories of the member owned abroad and investments abroad owned by persons in its territories so far as it is possible to furnish this information;
(viii) national income;
rcookie says):(ix) price indices, i.e., indices of commodity prices in wholesale and retail markets and of export and import prices;
(x) buying and selling rates for foreign currencies;
(xi) exchange controls, i.e., a comprehensive statement of exchange controls in effect at the time of assuming membership in the Fund and details of subsequent changes as they occur; and
(xii) where official clearing arrangements exist, details of amounts awaiting clearance in respect of commercial and financial transactions, and of the length of time during which such arrears have been outstanding.
rcookie says():(b) In requesting information the Fund shall take into consideration the varying ability of members to furnish the data requested. Members shall be under no obligation to furnish information in such detail that the affairs of individuals or corporations are disclosed. Members undertake, however, to furnish the desired information in as detailed and accurate a manner as is practicable and, so far as possible, to avoid mere estimates.
rcookie says():(c) The Fund may arrange to obtain further information by agreement with members. It shall act as a centre for the collection and exchange of information on monetary and financial problems, thus facilitating the preparation of studies designed to assist members in developing policies which further the purposes of the Fund.
rcookie says():THIS IS THE OTHER SECTION OF ARTICLE VIII ...EXPERTS CONSIDER CHALLENGING IN TODAYS ENVIRONMENT...
David212 says():Hi traveling so picking up the great work of the mods and analysts piecemeal. The tarnslations are very hard to make sense of, for me anyway, but the funding from all international institutions is in the form of immediate loans which makes it imossibl e to divert the proceeds from there intended use.
Once the banking industry privateizes the misappropriation issue will gpo away on the finacial banking suystem functions normally. So is this an approach to speed up critical cash to desperate people?
rcookie says():Section 3. Avoidance of discriminatory currency practicesNo member shall engage in, or permit any of its fiscal agencies referred to in Article V, Section 1 to engage in, any discriminatory currency arrangements or multiple currency practices, whether within or outside margins under Article IV or prescribed by or under Schedule C, except as authorized under this Agreement or approved by the Fund.
If such arrangements and practices are engaged in at the date when this Agreement enters into force, the member concerned shall consult with the Fund as to their progressive removal unless they are maintained or imposed under Article XIV, Section 2, in which case the provisions of Section 3 of that Article shall apply.
rcookie says to David212():BINGO.......WITH ALSO THE BACKDROP OF THE UN PANEL BEING IN IRAQ TO ORCHESTRATE THE TRANSFER OF POWERS TO THE PROVINCES....SO THAT AS DEVELOPMENT FUNDS ARE DELIVERED THEY ARE RECEIVED AND EXECUTED AGAINST THE REQUISITE PROJECTS THEY WERE INTENDED FOR.....
rcookie says to David212():YES THIS IS A PLANNED STRATEGY AND MOVE AWAY FROM AN ADVISORY AND TECHNICAL ASSISTANCE ROLE TO A LOAN AND FUNDING CAPACITY.......
rcookie says to David212):WITH MONITORING AND ACCOUNTABILITY MECHANISMS IN PLACE.....
rcookie says():HERE IS THE LINK FOR ARTICLE VIII OBLIGATIONS FROM IMF...
Article VIII: General Obligations of Members http://www.imf.org/external/pubs...
dwightj says():ARE WE ALSO SEEING POWER SHAREING BEING IMPLEMENTED
dwightj says():OH MAN COOKIE THATS GREAT
rcookie says():AND FULL EXECUTION OF 2016 BUDGET INCLUDING AREARS PAYMENTS.....$2 BILLION BEING PAID TO OIL COMPANIES IN APRIL....
rcookie says():PAYING CREDITORS AND STATE CONTRACTS....BEFORE PAYING THEMSELVES......WHEN IN HISTORY HAS THAT EVER HAPPENED......EVER....EVER....EVER....
jeffjane says to rcookie():Have you ever heard "I get the feeling"
dwightj says():OH MAN I WANT TO JUMP UP AND DOWN BUT WILL SETTLE FOR CRYING TEARS OF JOY
dwightj says():FEEL LIKE A WIMP
hillandale says():just like the song Jump
ronda says():huge stuff last 2 days thank you everyone I work alot of hours you folks are the best
viacuda says():Hi Cookie, are you and BGG doing a call soon?
hillandale says():https://youtu.be/sh9wsrL43RY hillandale says():Van Halen!
R&R says to rcookie(): If I may add rcookie..... tomorrow Parliament is also voting on the Final Accounts of 2007, which is also required under the SMP.
This is important not only because in was in those audits that the found Maliki had stolen 75 trillion dinars, but in order to adjust for the loss which has carried over for years, Parliament has to vote on accepting it as a "fee" to the 2016 budget.
If approved, this would allow them to officially close out the accounts, and close that financial chapter once and for all. Here's the ink:
R&R says():The final accounts for 2007 reveal a waste of 75 trillion dinars
02/16/2016 Long-Presse / Baghdad Eight years after the Iraqi parliament succeeded to reveal the final accounts for 2007, which included a reference to the loss of 75 trillion dinars unaccounted details.
R&R says():The Commission emphasized, during the presentation of the report of the final accounts, that "the BSA statement illustrates the wrongfulness of conduct and how healthy behaviors and in particular that have a significant impact on financial transactions."
The Commission pointed out that "the departments said in a report that the final accounts for the year 2007 were obligated to submit their final accounts in the year" in 2008.
R&R says():He pointed mheibes, (range), to "send the final accounts to parliament for a fee next year's budget," but he also said, "But what is happening now is contrary to the law and the Constitution."
Pablo says():So are they in Article 8 now, or just getting into it?
da58 says():Jubouri: Parliament was "ready for the success of the reform process!
Baghdad / Iraq News Network suggested Parliament Speaker
Salim al-Jubouri, Wednesday, the Prime Minister Haider al-Abadi two options on the reshuffle, announcement to be with him, as he emphasized the determination of Parliament to complete legislation include amnesty law Jubouri package at a press conference in the House of Representatives today:
It is "at a time when the *House of Representatives confirms its intention to complete the legislation package into law a general amnesty and the law of the Federal Court* , the House of Representatives believes that the Prime Minister Haider al-Abadi two choices only two."
he added al-Jubouri, said: "the first option is to submit the required specifications minister and dealing with crises, or the formation of a government of technocrats comprehensive ", stressing that" the parliament is ready in case the conditions necessary for the success of the reform process conditions.
"the State of law coalition called on Wednesday for an emergency meeting between Prime Minister Haider al-Abadi and heads of political blocs, one day before provide Abadi upcoming ministerial substitutions. http://aliraqnews.com/%D8%A7%D9%84%D...%D8%A9-%D8%A7/ LINK
dwightj says():I GOT A ? WHO DOES THE AMNESTY LAW GIVE OR TAKE AMNESTY FROM
dwightj says():AND FOR WHAT CRIMES
Loop says():Urgent .. Supreme Council of corruption takes decisions to the travel of officials and their property and their money
Wednesday 30-03-2016 | 9:38:20 Twilight Leoz / chaired by Prime Minister Haider al - Abadi on Wednesday a meeting with the Supreme Council for the fight against corruption.
He said Ebadi 's office in a statement, said that this meeting comes within the reform plans by the Prime Minister, where he was discussing the resolute actions that have been taken by the Council to prosecute corrupt, plans and strategies , which began to be implemented to reduce the phenomenon of corruption in the country.
He added that the Supreme Council for the fight against corruption has taken a number of decisions in this area, including: -
1. Support the Integrity Commission on the Prevention of travel officials who are under investigation procedures and based on the evidence available to it.
2. Support workers in the regulatory agencies (COI - Financial Supervision - inspectors general offices - judges - Monitor banking Directorate and credit) and provide them with protection.
3. The Central Bank of Iraq competent financial institutions to monitor accounts and assets of officials and follow - up according to the law.
4. Charge a member of the Supreme Council for the fight against corruption in coordination with the competent integrity judge and investigator integrity concerned to speed up the completion of procedures relating to the resolution of large corruption cases.
5 - Set a mechanism to check sources dealers entered the buying and selling of real estate. In addition to a number of other decisions of the actual contribution to fight corruption and prosecute corrupt and tampering with money Iraqis and put them behind bars.