aggiedad77 » February 20th, 2015, 11:32 am
Friday News Summaries and Commentaries
Member of the parliamentary Finance: Central Bank qualify the deletion of zeros from currency
The Finance Committee appears to still think the time is ripe for deletion of the 000's....however the CBI supposedly still has some reservations about timing.....no doubt there would be a cost involved in the process but even back in 2012 the CBI claimed then they were ready for it to happen....obviously it didn't....so why the reservations today.....they merely say "the time is not right"......time will tell I guess as we look into next week.
Government "optimistic" the treatment of the budget deficit through borrowing 11 trillion Iraqi dinars
The government of PM Abadi is starting to show that it has it's eyes fully open to what was going on with the previous government, things like funds disappearing from the DFI that cannot be explained....budget surplus in past years that again cannot be explained or documented.....graft and corruption were the buzz words of the day back then it seems...grab all you can and hide it as quickly and deeply as you can.....graft and corruption are still buzz words today...but they come with a prison sentence attached to them
Now.....meanwhile the government is borrowing almost 11 trillion dinars......5 trillion from the Rasheed and Rafidain Banks....and another 6 trillion through the CBI purchasing Treasury bills....interesting that they do this at a time when the budget is about to be opened.....
Question....do they need to be international to deal with these T-bills in this manner.....their program rate would be meaningless in such a purchase I would think.
Distribution of 300 instrument on borrowers from the housing fund next week in Diwaniya
300 loan instruments were distributed to borrowers in Diwaniya....this sounds like it is being done based on anticipation of things in the budget that is expected to be opened on Sunday.
Why Parliament rejects the province's money exchange ..?
It seems that some Kurdish MP's have doubts about the liquidity issues that the government claims it is facing and want to call for a special committee to be formed to investigate the issue and why salaries are not being paid.....they claim the budget says one thing...that salaries would be paid....but reality shows that is not the real life circumstance....it seems that it is time for talk to end....and action to take over.
Iraqi Kurdistan ‘open for business’ despite Islamic State war
The newest Kurd envoy to the US is taking steps to assure US businessmen that the Kurdistan is a safe place to invest....yes there has been ISIS threats since August but these are being dealt with and much territory is being retaken by Peshmerga forces who have largely been the ones keeping the peace since the Iraqi Army pulled out.....much of the money coming into the region from Western countries is going into the oil and gas sector at this time.
Deputy Kurdish demanding an investigation into the existence of material liquidity to Baghdad or not
Again we see Kurdish requests for a committee to be formed to investigate the issue of liquidity within the government of Iraq.....calling upon Speaker Jubouri to make this happen.
Kurdistan Alliance: international mediation to remove the differences between Baghdad and Erbil
New talks are expected to take place between Baghdad and Erbil on the oil issues and salaries but this time it is expected that the talks will have a mediator in place to help with the process....one of those mediators could be a representative from the US....the UN is also expected to be present....and maybe one other.....it is possible that Iran or some European rep may be there as well.
Well be it Friday, this will suffice for now.....yes I know I left off a couple of opinion pieces...but they are just that opinions and as such could have a 50/50 chance either way of being right....you be the judge.
Will be watching for more news today....already have the walks shoveled this morning.....it is going to be the start of a great weekend.
The BEST is yet to come!! Aloha Randy