Post From Dinar Updates By ROBINREDHED Part 1
[millionday] The Premier, Nouri al-Maliki assured that he contested the parliament performance to the Federal Court. He stated during his weekly speech on Wednesday "We submitted a contestation to the Federal Court over the performance of the parliament."
[millionday] so maliki is taking the work of parliament before the courts to complain -- very nice
[millionday] here is a response>>>>>>>The head of the Supreme Iraqi Islamic Council, Ammar al-Hakim, warned from manipulating over the Iraqi Parliament.
Hakim reported in a statement received by AIN "We have been informed that there are some sides that attempt to manipulating over the Parliament through adopting awkward and strange methods to justify the disbursement of the budget away of the laws of the Parliament.''
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''We warn from adopting such methods since democratic system and institutional State in Iraq is the foundation which we should base on and any other unconstitutional method might succeed in a way but it will effect many other fields,'' he concluded
[millionday] this is about the news that maliki is calling to distribute the money from the budget to provinces -- very bold move to say the least -- we have some more on it so lets look at the response -- brb with more
[millionday] The Prime Minister, Nouri al-Maliki, announced that the Council of Minister decided to spend the funds without waiting for the endorsement of the Budget.
In his weekly speech on Wednesday, he said "The CoM decided by all its ministers to spend the funds without waiting for the endorsement of the Budget because we are authorized by the constitution to do so."
"I would like the honest MPs not to attend the parliament sessions that do not involve the discussion of the Budget law," he concluded.
[millionday] i have to say this is huge and very interesting -- i just cant seem to get over it -- parliament to court and the budget is being distributed without voting ? wow -- very very bold brb with more
[millionday] check this out >> ] Independent MP Hussein al-Asadi, Monday, for "political deals" has between Prime Minister Nuri al-Maliki and President of Iraq's Kurdistan region Massoud Barzani and the parliament speaker Osama al-Nujaifi to resolve outstanding differences and determine the presidency of the Republic in the next parliamentary session.
Asadi said for "tomorrow's Press," that "there are political deals were made between the President of Kurdistan, Massoud Barzani, and between House Speaker Osama Najafi on the determination of the position of the presidency of the parliamentary session next,
and another deal between Prime Minister Nuri al-Maliki and Barzani to settle differences petroleum outstanding issues between Baghdad and Erbil ".
[millionday] He added that "the system works these days trades strongly because everyone waits for the elections that will be important and vital and decisive."
Negotiations are currently underway between the governments in Baghdad and Erbil to find solutions on disputes concerning the export of oil and include the salaries of the Peshmerga within the federal budget.
The MP for the mass united Talal Hussein Zobaie, in the 26th of February, Almasi, said House Speaker Osama Najafi will visit the Kurdistan region of Iraq early next week to discuss the outstanding issues between Baghdad and Erbil.
[millionday] so this is the thing -- they are actually coming to an agreement with the oil disputes - they are also just now discussing the presidency of the republic -- interesting to say the least
[millionday] Erbil: Received the President Massoud Barzani of the Kurdistan Region, yesterday evening, Tuesday, 04/03/2014 in the capital, Erbil, Mr. Ahmet Davutoglu and Turkish Foreign Minister and his entourage include all of Deputy Foreign Minister of Turkey and the Turkish ambassador to Iraq and a number of officials in the Department of the affairs of Iraq in the Turkish Foreign Ministry.
During the meeting attended by Barzani President of the Kurdistan Regional Government and a number of administrators and politicians in the region, Foreign Minister of Turkey expressed his happiness for the opportunity for this meeting with President Barzani,
and his visit to the Kurdistan Region and participation at the crossroads of Sulaymaniyah, which was organized by the American University in Sulaimaniya, expressing his messengers the extent of progress in political relations and economic and cultural relations between the Kurdistan Region and Turkey.
[millionday] note -- historic meeting -- huge for the progress of the federal gov and kurdistan -- action is better than words ---
[millionday] It also recalled the Turkish Foreign Minister during his historic visit to President Barzani to the city of Amed (Diyarbakir), and a description of the visit and the historical task.
In contrast, President Barzani warmly welcomed by Turkish Foreign Minister and his accompanying delegation, stressed the importance of strengthening and developing relations between the Kurdistan Region and Turkey, also expressed the readiness of the Kurdistan Region in the continue and continue those relationships for the benefit of both parties.
This meeting also discussed the security and political situation and the upcoming parliamentary elections in Iraq and its impact on the future of the political process in Iraq, and in this regard, President Barzani stressed the need to conduct these elections in the specified time away from any obstacles.
[millionday] so as we see -- they have obviously come to some back door agreement or this meeting would not be taking place imo
[tourman] that back door is where the $ is.
[millionday] i agree smile brb with more
[ROBINREDHED] millionday you mean funds are being distributed, right? without passing the budget, right - so the dinar is being traded kind of like a promissory note - right?
[millionday] i cant bring that report in hun it has so much info we would be here all night
[millionday] the thing is that on the world trade site they have huge reports out of iraq and its expectations and they are huge - the most important thing that i see other than the trade that they are talking about is this -- the figures still and remain inclusive from jan 2014
[millionday] the reason that is very important is that they are still remaining in the fiscal year as in now -- this is very encouraging and tells us that they are working on the new year as we speak so we are not in the fiscal year with an old rate and the changes will be reflective of the year 2014 as we need
[millionday] i will research it and also do a report that can be posted so look for it in the forum in the next couple days everyone -- there is no way to do that here smile
[millionday] i will work hard on it and include as much info as i can find and put it with the world banks reflections as the report brb with more news and thank you for bringing that to me and us
[millionday] want to make sure everyone has seen this >>>>> The Iraqi government approved Tuesday the transfer of US$200 million to the autonomous Kurdish Regional Government (KRG) budget in a bid to resolve conflict between the two parties over oil exports and budget distribution.
The government has decided to transfer US$800 million to Anbar province to compensate for damages from clashes between the army and rebel groups and US$200 million to the KRG to boost oil companies in the region, Iraqi legislator Jawad Al-Bazouni said at a press conference Tuesday. "I hope the conflict will be resolved," he added.
[millionday] Relations between Baghdad and Irbil have been strained since early 2013, when Iraq's parliament passed a budget for the Kurdish region over Kurdish officials' objections.
Tension mounted over Irbil's right to export oil independently of the central government as the Kurdish side attempted to sign an oil export deal with Turkey.
The Kurdish administration maintains it has a constitutional right to sign export deals without the prior approval of Baghdad, which refuses to acknowledge agreements signed between Irbil and foreign oil companies
[millionday] the transfer is not in USD but is a reflection of its value and now they have minimized the pressure of the lack of funds for pay to employees and the risk of sit ins etc very good news smile
awesomedtl] Why is that ok for them to start distributing money And we haven't seen a change yet
[rbkeyz] how do they spend money with no value?
[bashley4] use a lot of it
[millionday] the same reason it is ok for them to just approve the budget -- they have taken constitutional rights with executive order and are going to approve it anyway and move forward -- while bringing parliament to court for lack of getting work done
[ROBINREDHED] rbkeyz 1166
[millionday] massive news imo
[Dianne777] rbkeyz how do they?[Imperator] It just amazes me they cannot get oil and gas done once and for all.
[millionday] they are using the same rate or changing it by redenomination before they distribute -- they have not distributed to people as of yet
[awesomedtl] Ok makes sense if this is all positive for us ! Ty
[millionday] just gov in kurdistan so far
[awesomedtl] So this could also speed up things ???
[millionday] they have reported that they are resolving the oil dispute so we shall see if report comes out with finish of issue
[rbkeyz] does that not mean they intend to change the value before they can spend it?
[millionday] they have not reported that they are but we will know before they start distributing it
[millionday] i have to say -- i find the whole thing shocking
[Dianne777] so they are using old rate, what happens when rate changes for that money they transferred, it goes up?
[rbkeyz] does this not look good to you or what?
[millionday] after all this they are saying that per the constitution they are moving forward with the budget without voting on it and they are in the right with that ? i find it shocking
[millionday] Dianne777 they have not distributed the funds to the citizens yet so we dont know if this is after the redenomination that they are getting the funds or before at the old rate or present i should say
[millionday] they will have to exchange it in and buy at the new pricing index
[awesomedtl] Will this delay what we expect!?
[millionday] this would speed it up if they intend on doing the redenomination as planned before they distribute the funds --- we will have to see what they do now with the funds there
[crank7] Is this possibly going this fast because the deadline of the 7th?
[millionday] could be -- i have searched for how this is possible so i will have to see what i find tomorrow after this bold move
[millionday] see let me say this -- this is shocking to us all because of the many reports and comments and the past of national budgeting with all countries -- this is new to do this and if this is done as they are saying we will have to do some research on all amendments and allowance of power to even do this with the budget -- it is not the norm
[awesomedtl] But yet this could speed up things !? Confused as to why if all sudden we have to re understand things of this nature!?
[millionday] awesomedtl i agree -- some power has been flexed somewhere so if this goes like this -- it is huge and from someone that has the power to ok it internationally
[millionday] so we will see and i will dig for what is going on with this
[awesomedtl] Ok Ty!! Let's hope we are just about done!!
[millionday] cross everything smile brb with more -- crazy news night lol
[radronin] Things that make ya go Hmmmmmmmm-
[millionday] exactly !! hmmmm
[risk] millionday ..Interesting comment that this was approved internationally
[tourman] Is this budget based on the reality rate or the current program rate?
Comments may be made at the end of Part 2 Thank You