Iraq (and world) events over the next weeks. Strange. Last minute 2 day public holiday due to rain. 12 25 2012
(Thank you TJ for emailing this to Dinar Recaps)
Strange. (See article at bottom). They announce today that Wednesday and Thursday will be a public holiday in Iraq due to rain. But Wednesday is an official work day for the Council of Representatives (That would give them a four day weekend, Thursday thru Saturday). Baghdad weather for Wednesday shows only one service saying rain (98%), one (4%) and the other no rain (0%). All three say sunny, no rain for Thursday. Hmmm? Yet they are declaring a two day holiday due to rain.
The Western world basically has 4 day weekend with new years (Saturday thru Tuesday). There’s UNSC on 12/27 and Basel III kicks in 1/1/2013. Then there’s Asiacell’s IPO ($1.3 billion) on 1/3/2013 – “the country’s biggest stock offering yet. A successful floatation on Baghdad’s low-volume stock exchange could reassure international investors, many of whom remain wary of the risky Iraqi market nearly a decade after the U.S.-led invasion in 2003”.
Read More Link on Right
Iraq CB started acquiring gold in August and now has “officially” (as of October, what else to spend $67 billion in reserves on) 31.7 tons. Gold and silver have been range bound (hammered and manipulated) for months at $1650+- and $30+-. Could this be an opportunity for countries to get gold at a fair, coordinated price to be ready for implementation of asset backed money when gold becomes a tier one asset? (1/1/2013?). “Gold will be supported by the strong likelihood that central banks will continue buying bullion after data showed Brazil boosted its reserves for a third month, Russia continued to diversify into gold and Iraq entered the gold market for the first time in many years and quadrupled their gold reserves in just two months.
Brazilian holdings expanded the most in 12 years, rising 14.7 metric tons in November. The nation’s holdings doubled since August. Russia’s bullion reserves increased by 2.86 tons to 937.8 metric tons in November.
Iraq quadrupled its gold holdings to 31.07 tonnes over the course of three months between August and October, data from the International Monetary Fund showed on yesterday.
The IMF's monthly statistics report showed the country's holdings increased by some 23.9 tonnes in August to 29.7 tonnes.
That was followed by a 2.3-tonne rise in September to 32.09 tonnes and then a cut of 1.02 tonnes in October to 31.07 tonnes. There was no data for November.
It is Iraq's first major move in years to bolster its gold reserves.
More recently, Brazil raised its gold holdings by 14.68 tonnes, or 28 percent, in November, bringing its bullion reserves to 67.19 tonnes.
Belarus upped its reserves by 1.39 tonnes to 42.7 tonnes, while Russia, which had both bought and sold gold on a number of occasions this year, increased its holdings by 2.86 tonnes to 937.8 tonnes.
Central banks have bought 426.5 tons of gold so far this year”.
Announcement on Wednesday and Thursday an official holiday in Babylon due to continuing rain ...
General Secretariat of the Council of Ministers announced , this evening, that on Wednesday will be an official holiday in Baghdad, because of the continuing rain.
Mohammed al-Khalidi: tomorrow official time for the House of Representatives
Baghdad (news) .. announced decision the House of Representatives Mohamed Khaldi, said on Wednesday it will be an official work of the Council. channel quoted Iraqi Alvzaiih semi-official, for Khalidi said: that on Wednesday will be an official work of the Council of Representatives. was the General Secretariat of the Council of Ministers announced , this evening, that on Wednesday will be an official holiday in Baghdad, because of the continuing rain.
December 25, 2012
Announcement on Wednesday and Thursday an official holiday in Babylon Babylon (news) .. the governor of Babylon Mohamed Messaoudi on Wednesday and Thursday a public holiday in all government departments to maintain because of heavy rains and lack of staff access to their constituencies.
said a source in the governor's office (of the Agency news) on Tuesday evening: that the province has decided to disable always in All departments except security and service involved in the plan for the visit Alcabanih. pointed to: that heavy rains that continued Fallen until time inundated streets hindering staff access to their constituencies.
The source added that the holiday was decided also because of the density number of visitors who cut the province on their way to the city of Karbala Holy.
Other interesting bits:
Iraq Budget Talks Complete . Parliament returns on Wednesday. .House of Representatives votes on the eight laws and complete discussion of the federal budget “The Board completed the discussion of the draft budget law of the Federal Republic of Iraq for the fiscal year 2013 and submitted by the Committees of Finance and Economy and Investment”.
Iraq .. Expectations approval of the budget early next month Baghdad, predicted Committees financial and economic Alaniapetan approving the general budget for 2013, during the first half of the month of January.
promised member parliamentary Finance Committee Najiba Najib current year better than previous years Because the draft budget arrived early to the House by the government, believing that the budget be approved in early January. promised Najib functioning budget and discussed within the global context and the legal and due to lack of end fiscal year 2012.
Iraq and Kuwait .. and out of the seventh item early 2013 “Early 2013, will see a planned visit by Prime Minister Sheikh Jaber Mubarak Al-Sabah to Iraq to sign protocols which would end all outstanding matters between Iraq and Kuwait, and will contribute to the lift and remove Chapter VII”.
The US swinging the big stick!!!
U.S. ambassador threatens Maliki files reveal corruption of senior officials “the U.S. embassy in Baghdad had informed the Office of the Prime Minister Nuri al-Maliki to withdraw political support for the current government and detect corrupt files implicated senior officials… He stressed that the "warning embassy summarizes four main points very dangerous, and the most important that the American position will change from the Maliki government, where it's no longer keep pace with the democratic approach in dealing with the crisis," noting that "the embassy threatened to withdraw support political, economic and military for Baghdad. The source noted to "secretary Ambassador told Maliki's office that the embassy will reveal all the files of corruption of their existing toll, which six years, involving senior officials, documented recordings of telephone calls" useful "The embassy also threatened that the United States will increase protection for Iraqi funds at the World Bank ".