Millionday News 2/22/14 Post By Rudie Part 1
Welcome to dinarupdates.com news with Millionday!
[millionday] we have great news tonight and some answers to what to expect tomorrow
Danalivin4HIM] We are expecting something tomorrow? yay
[millionday] welcome everyone -- yes parliament -- remember yesterday that i told you there was some confusion on the agreement on kurds , Iraq and Somo
Read More Link On Right
[millionday] so here is a press statement from today on the subject
[millionday] Counting the Deputy Prime Minister for Energy Affairs, that the approval of the Kurdistan region to export crude oil through a pipeline state president of the Export and under the supervision of a marketing company National Oil (SOMO), constitutes "an important step" forward,
noting that representatives of the federal government and Kurdish "did not agree" on the method of deposit Imports of oil export of Kurdistan,
while the detection of sending and Federal Ministry of Finance "enough" money to cover the salaries of employees of the region to January last, said "the inability of" Government of the Territory of the payment of the expenses of February, the current and the coming months unless resume oil exports.
[millionday] Shahristani said, in comments carried by satellite Iraq (semi-official), followed up (range Press),
"The meetings lengthy between representatives of the federal government and the Kurdistan Regional Government resulted in an agreement that will be to our brothers in the region represented in the SOMO,
and that the export of oil through the port the only official in the country responsible for the export of oil. "
and was president of the Kurdistan Regional Government, Barzani, has arrived in the capital Baghdad, on Monday, (the 17th of February 2014 present), at the head of a government delegation to discuss the differences between the two governments and federal Kurdistan,
on file oil , and met upon his arrival, the prime minister, Nuri al-Maliki, in his second visit in less than a month.
[millionday] Shahristani said, that "the agreement is not on the desire of the region deposited imports oil export issued by the account of his own in the Development Fund for Iraq, DFI, wherein imports the sale of oil and is based in New York, United Nations, that the Federal Government shall be distributed later. "
In the axis of the meeting, said al-Shahristani, that "the Federal Ministry of Finance was sent to the Kurdistan region of sufficient funds to cover the salaries of his government in January last,"
pointing to "The Government of the Territory will face a liquidity crisis will not be able to pay the expenses of February, the current or coming months unless resumes the region of its oil exports."
[millionday] note -- so what is being said is that they did make the agreement but not all of it so they will be able at this point to at least get back pay of jan --- but the agreement does require more meetings as they have planned ---
[millionday] explained Deputy Prime Minister for Energy Affairs, that "the Ministry of Finance stated that they will not be able to continue to pay the salaries of the staff of the region at a time to refrain the government for the export of oil, "returned that" the only solution to this problem is to initiate the region to export oil. "
[millionday] so they want kurds to agree to begin exporting oil and agreeing for the DFI fund through SOMO to be or anything that they can agree on be initiated in a hurry
[millionday] while putting pressure by saying pay only comes after – nice huge press conference too so the citizens have seen the announcement as well -- love it brb
[chattels] despite the best efforts of all to find , read and understand the dynamics between Baghdad and Erbil, all we really know is that it is one complicated and " HOT " mess
[millionday] here we go this is great >>> Kurdistan Regional Government Naچervan Barzani, today, during a meeting with UN envoy in Iraq, Nikolai Miladinov steps to form a new government in the province and differences with Baghdad, and efforts to resolve them.
According to a statement for "the presidency of the Kurdistan Regional Government," that "the two sides discussed during the meeting, the political situation
The current security situation in Iraq in general, as well as relationships and problems between Erbil and Baghdad, and efforts to address them through dialogue and understanding.
[millionday] added, "The meeting stressed the need to address the outstanding issues through peaceful means and dialogue under the constitutional mechanisms."
and continued, "the statement," that "Barzani reviewed during a meeting with UN representative conditions of the region and efforts to form a government, the eighth of the Kurdistan region, highlighting the meetings and meetings with the political parties in the region in this area.
and noted that "Miladinov expressed during the meeting expressed hope that all parties will continue their efforts in order to reach agreement and the formation of a new government as soon as possible.
[millionday] so we have an UN envoy in the region that barzani met with so this is good right before the parliament meeting -- i would love to be a fly on the wall there for us smile
[millionday] i am looking for the news about tomorrow too for us – smile brb with more
chattels] Question ? Iran Intensifies Efforts to Mediate in PUK Row By RUDAW http://rudaw.net/english · CPM.dpuf : Millionday. Any thoughts about the Iranian " agenda in Kurdistan ?
millionday] here we go Confirmed that the Kurdistan Alliance parliamentary bloc, on Saturday that deputies will not attend the debate on the draft budget in parliament unless resolved all the differences between the provincial government and the federal government.
The leader of the Kurdistan Alliance MP Khalil Mahma in a press statement, seen by the Agency for News News (et) that "deputies Alliance bloc will not attend the debate on the draft budget in the case included in the agenda for the meeting tomorrow,
Sunday or any another hearing unless resolved all the differences between Federal governments and the Kurdistan region. "
[millionday] note -- this was this morning so the proof will be in the pudding as they say -- the press statement was later -- by much
millionday] but -- the good news is >>>>>>>>>>> Khelil said, that "the negotiations conducted by the Prime Minister with the President of the provincial government did not fail as portrayed by some, but it was positive and the results will appear within a period for quite some time."
The number of members of the House of Representatives has confirmed that the Presidency of the Parliament will be included such as reading of the draft budget in the first session on Sunday, although the schedule announced by the Presidency, which is devoid of the inclusion of the budget bill.
[millionday] so they will either read it or they wont and we will know tomorrow i would say it is back on the agenda by what i see
[wmawhite] millionday ...................At least there is a possibility........instead of a flat no.
[peppermint] Agendas like this will continue, but could the currency still RV while these things are being resolved
[millionday] here we go this is good news
[millionday] Confirmed the parliamentary legal committee approving the budget within 20 days with mortgaged to the parliamentary Finance Committee that an end to the outstanding problems between the Governments of the center and the Kurdistan at the time described the economic and investment commission budget bombs.
A member of the legal committee Mohsen al-Sadoun of (time) yesterday that (the House of Representatives will begin its Sunday reading the draft budget this year, such as reading first and then leave a week and re-read them again and they can be voted on, and this process will not exceed only twenty days, a period prescribed for the vote on the budget ).
[millionday] peppermint yes
millionday] note -- so this is from a formal source and the budget is on the agenda for Sunday and they are saying in this first part that within 20 days they will have voted in so there is a deadline
[Richard Incrocci] So with this progress on the budget, and in conjunction with last nights info, no budget needed, this could in, in essence go any second?
[millionday] this is the legal committee
[millionday] yes -- as we know so much will go all at the same time --- with the agreement with the kurds for movement of money through SOMO -- we find that huge and i should say HUGE
Richard Incrocci] Wow....so in all actuality we could see this within the specified time frame?!?!?!
[millionday] so we wait and look at every clue to find how they feel about waiting or if they are listening to regulations set and the timeline there or >>
[millionday] Richard Incrocci wow from me too
[millionday] He said (Terms and paragraphs of the law is clear and did not need to for a long time for the purpose of modification as it is developed for each subject several options will be voted on as well as the budget into law are entitled to the House of Representatives transfers some of its articles from the doors to the other and this is a constitutional right).
For his part, held by the Finance Committee Abdul-Hussein al-Yasiri approving the budget, an end to the outstanding problems between the Governments of the center and the Kurdistan Yasiri said (time) yesterday that (delay budget is not for artistic purposes, or for study and scrutiny of its clauses,
but because of issues pointer and extended last year, the most prominent problems of oil relationship between the province
[millionday] note -- so it is not the budget that is not agreed on -- it has always been the oil issue according to the country legal committee
[millionday] The center and the expenses that are given to oil companies and 17 percent of the region's share of the budget and these things must be done to end and for the purpose of approving the budget that can be resolved within two weeks if they were to end these problems).
He said (any amendment or debate after approving the budget does not interfere with only the ministries of finance and planning, which decides the actual proportion of the money spent on the projects).
What was described as a member of the Economic Commission Jassim Mohammed Hussein Palmfajkhh budget, stressing the lack of sufficient time for approval. Said Hussein (time) yesterday that (the budget has achieved a record high for the delay in the years past and there was no sufficient time for approval and ratification).
[wmawhite] millionday ......the sale of the oil provides the revenue for the budget.
[millionday] so that can be approved within two weeks -- meaning the expenses and the 17%
[millionday] note -- they are saying here that the finance and planning will decide how much will go for what in the initial oil revenues of distribution within budget
[Richard Incrocci] Full implementation of HCL?
[millionday] the part done within the first 2 weeks not yet
[tman23] So there is March 7th as I so described
[millionday] He added that the (hoped to be in session on Sunday to read the first draft of the budget if the conflicting parties agreed on some paragraphs).
He explained that (the budget for this year was booby-trapped with some materials, notably dues Peshmerga and the development of the regions at the expense of the budget and give some provinces the proportion of $ 5 from every barrel of oil produced, and this is far from the truth as to all provinces of the country must have to get this rate, whether or were produced or Non-oil producing).
[millionday] tman23 that would be the first two weeks when money moves -- my guess would be when the jan money moves and we wont have that pin point as that gives but that is just a guess so we will see
[millionday] see can you imagine how many would move with just some provinces getting money for the oil ? It seems to me that part is not going to work but we will see
[millionday] so this is great news wow we have some timelines coming out to them -- love it
[quicktolegit96] are they ever going to agree or past this thing?
[millionday] all we can do is watch and hope and know that with the elections and with all that is going on they are under more pressure than ever before -- internationally and legally remember -- a country that is on their own is required to have a rate before entering the international trade arena so they have pressure all around
[millionday] we have timelines all the reports that we have seen so far tell all about them -- love it
[chattels] Would you agree that the Iraqis seldom follow the law, agreements or schedule's / timelines ?
[millionday] i would agree before they were released they had a habit of never following any but right now they have regulations and international compliance to deal with so this is not the same scenario we have had in the past by what they have completed
[jimplants] well said
[millionday] i carried a head ache for years over their dumb timelines they set for nothing lol
[millionday] but now -- smile
[chattels] millionday millionday the " new " Iraq ?, thanks, hope so
[jamesf] Have the DFI funds been released and all UN sanctions lifted
[millionday] jamesf the reports and the meeting that we watched stated that yes they were released and we have also seen many many times in all reports and press statements that they are released
[millionday] they have stated multiple times that after their release of chapter 7 they have not gone forward with their constitutional obligations economically --- so yes
[millionday] the report that was out from somewhere that stated it was not --- doesnt make sense to me with all of the countries that have stated that they are released
[millionday] as in they have stated even though they are released the security issue still has investors not wanting to invest etc etc many many reports -- smile brb with more
[millionday] The head of the governor of the Iraqi Central Bank and the Agency Abdel Basset Turki a meeting of general managers in the bank and a number of departments, private banks, as well as members of the Association of Banks in non-governmental organizations in Iraq.
A source of (time) yesterday (that the meeting discussed the instructions for the sale and purchase of foreign currencies that have been working out from last Sunday,
he said (banks expressed their willingness to implement the instructions to enhance the value of the Iraqi dinar against foreign currencies and began procedures to implement those instructions in support of the national economy and the process of development).
[millionday] whoooop whooooop whooooopow whooopow -- love it so ready to be done
[wmawhite] millionday .......Who said that they are not telling the world what they are preparing to do.........????
[wmawhite] millionday ..Is anybody listening......or reading????
[Danalivin4HIM] wmawhite wmawhite I am
[tourman] we have seen reports of companies flooding in to open businesses or at least positioning themselves to do so. so (imo) security is not that huge an issue. we have oil companies coming in, banks coming in, construction companies coming in.
[ROBINREDHED] i am
[millionday] that would be the revalue of the country if they set the foreign rates they are saying they are setting now after the meeting i just put up so we will see
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