Millionday News 3-26-2014 Post By Rudie Part 1
[millionday] The Special Representative of the UN Secretary- General in Iraq, Nikolay Mladenov condemned on Wednesday the series of attacks that targeted members of the Iraqi House of Representatives in different provinces in the country, including Diyala and Baghdad, killing and wounding a number of individuals of their protection.
[millionday] He expressed in a statement his deep concern about the numerous acts of violence that targeted members of the House of Representatives and members of the political blocs and candidates for the next elections with the approach of the date of the election, adding that these act are considered as disdaining of pluralism and democracy.
[millionday] note -- remember that it has been released in country that the huge wait for all is the budget in all provinces etc now they are attacking parliament members
[millionday] A number of deputies has survived an assassination attempt by a roadside bomb targeted their convoy in al-Ghalibiya area in Diyala on Tuesday. MP for Motahedoon Coalition Raad Aldhlki told / NINA / that the bomb exploded targeting the motorcade of MPs for Diyala, Raad Aldhlki, Mohammed al-Khalidi and Ghaidaa Kmbash , and the incident led to the killing and injurying of a number of members of the protections .
[millionday] they are seriously attacking the gov with violence -- now i dont think any of this is right but the pressure on this budget getting done and money moving is huge to say the least
[slh5282] If the citizens are attacking, them they are getting feed up with the delay, could that result in a small revolution if they dont do something quick?
[millionday] i would say the pressure of that risk is great -- an uproar at this time is the last thing they need
[millionday] it is election time too April let me address this
[millionday] the World Bank has ordered and threatened the Iraqi gov to stay out of the independent business of CBI --- so they have had a slap of the hand but
[millionday] this statement would not just be made to breath hot air -- this would be a clue that CBI is actually doing something that needs to be done now lets look at this
[millionday] would they be buying and increasing their reserves just because they needed to clear out some cash in the way ? --- or maybe storage is getting expensive -- no --- they are up to something that has to do with backing the international rates
[ROBINREDHED] mfree05 GO
[mfree05] I believe what smiller67 was asking earlier is weather or not Iraq has to be in complete compliance with IMF Art VIII regs before thay can RV the currency? If so, how close to you believe they are to being complient?
[millionday] the thing that makes us happy about that is ---- international rates being released is a >>>>>REVALUE
[millionday] i believe that part of article VIII is having rates released and the reforms they have been working on economically are putting them very close to compliance --- i will pull the article and we willl look at it
[millionday] see my personal opinion is that in article 8 they will have the rate already done -- all around the same time --- CBI is putting the rate out
[millionday] we will look at ink on this tonight to see compliance issues and look at them however
[millionday] no guessing here
[mfree05] Sounds great. Thanks MD
[millionday] yw all the time
[slh5282] Is there any indication other than what they have indicated around next April?
[millionday] the month of April is when they are paying all pensions retirement and back pay
[millionday] and the election month and also may 22nd the protection from DFI runs out in the US --(of course can be extended as we know)
[millionday] Baghdad (Iraq) / Walid Mehdi differed two economists on the power of the Prime Minister to exchange differences pensions, while stressed economic Majid picture that disbursement of pensions from the pension under the new law, before approving the budget will be using the predecessor of the Ministry of Finance, pointed out the economic Falah Aegiali that differences in the salaries of retirees and employees can not be cashed before the adoption of the general budget.
[jtank] No wonder they are angry
[millionday] note -- so new law? differences in salaries? and the end resut is that the money can not move until budget passed
[millionday] comes this difference in views after set the retirement the first of next April as the date for the disbursement of pensions under the new law, with the continued failure to approve the budget due to the differences between the coalition of state law and the Kurdistan Alliance .
said the expert Majid picture in a statement for "future" yesterday that "the pension able pay pensions to recipients without a problem, because the general budget of the past have been developed in which the allocations especially increasing amounts of retirement potential and snap the new law.
added the picture that in the absence of the allocations of last year given the authority to the Minister of Finance to use some amount of money and add them to the pension fund or item of retirement to be the payment of salaries upwards according to the new law, noting that this is not within the authority of Prime Minister and confined within the validity of the Minister of Finance.
[millionday] note -- they are saying what about the funds from last year ? and also that Maliki overstepped himself by saying that -- now think about this though
[millionday] the action of stating this while wanting the budget and re-election is not a bad move if playing dirty is in the cards for maliki becuase now it has been said and it puts huge pressure on the parliament for the budget
[millionday] also remember it doesnt matter if we think or if it is so that the budget needs to be done --- it matters what they think
[millionday] between the picture that the lack of statistical numbers of retirees makes amount of the increase allocated to them unknown, which could reach trillions of dinars, especially since some say the numbers up to a million and a half and others estimate there are two million or two and a half million.
his part, said economic expert farmer Aegiali that differences in the salaries of retirees and employees can not be disbursed until approving the budget, because the constitution gives the cabinet the power to disburse salaries previous all without increasing or amendments thereto. -
[millionday] note -- obviously with changes of value this would be a bad idea
[millionday] said Aegiali for "future", "The salaries of employees and retirees will be spent even if it did not pass the budget, where it is discharged through the financial allocations granted by the Prime Minister according to his constitutional powers, but is not entitled to, or any other official exchange rate increases above the salary headquarters without the approval of the new budget.
between Aegiali that pensions are supposed granted under the new law, will be adjusted in accordance with the law of the general budget, because there are issues of discrimination on certain paragraphs of the new pension law which relates to the retirement of special grades and service jihadist, this can not know the value of the new salary, which will be handed over to the retirees only after the adoption of the general budget.
[millionday] now there is where it gets interesting
[millionday] we would have to have not a clue in the world about the budget etc to not get what they are saying here -- the exchange rate under the new law changes the vlaue so it cant be done without the new budget in place
[millionday] so it does that seem to say that the budget has a new rate and value within the budget law ? it does seem to imo
[ROBINREDHED] millionday [awesomedtl] So flat out no rate till budget!?
[millionday] the thing is this --- as i have always thought -- with the statement fro World Bank to leave CBI alone --- this little clue we have just gotten and the budget having a deadline -- it would seem around the same timeline we will see it all go together
[millionday] that is how it appears to me with no doubt but -- we have no date and no statement from CBI saying no rates until the budget
[ROBINREDHED] Richard Incrocci GO
[Richard Incrocci] Has the 2nd reading of the budget been done as scheduled? and budget deadline is 3-30, correct?
[Pablo] What of chattels' news regarding the Iraqi electoral commission IHEC collectively presented their resignations to the head of the commission? Is that for real and if so, won't it mess things up?
[quicktolegit96] millionday funny, i had mentioned a month ago that once budget got passed, it may have the new rate - AWESOME
[millionday] yes the deadline or a majority by is March 30th and that leaves the 31st and then it is the 1st of april so Maliki really put some pressure on this whole thing
[ROBINREDHED] Pablo GO
[Richard Incrocci] millionday Whoopow. Thank you
[Pablo] What of chattel's news regarding the Iraqi electoral commission IHEC collectively presented their resignations to the head of the commission. Won't that mess things up?
[millionday] i have something on that stating that it will not be accepted and the elections will continue
[Pablo] Oh, okay.
[Richard Incrocci] Regarding the 2nd reading, has it been done?
[anasdesign] Double good :-)
[millionday] i would say they are doing well with the elections and the electronic cards as well
[millionday] Richard Incrocci im not sure if it has
[millionday] sorry missed that part of your question
[Imperator] Where did the CBI get the $ to buy the gold? Was it the cash they had in hand? I am a little behind.
[millionday] Imperator they used USD
[Imperator] Would you consider that de-dollarizing?
[millionday] no just international market
[millionday] Prime Minister Nuri al-Maliki, members of the Board of Commissioners of the Electoral Commission to reverse the decision to resign.
Maliki said in his weekly day: "We were surprised after Aeidina preparing to hold elections after the Commission in accordance with the powers granted to it by the rules on the subject of exclusion or admission of candidates for the elections and this is part of the right granted by law to UNHCR and we can not challenge it,
noting that the Constitution or the law when it granted to a party or institution powers granted another institution powers be governor and patched the procedures for some of the measures that are wrong, UNHCR has worked its opinion in accordance with legal procedures,
and if McCann there is an error in these procedures has been awarded the Constitution, the legislative branch the power to the debugging process through new legislation or new amendment to the Law Commission. "
[millionday] note -- this is saying that he is in his rights to resign and they are asking him not to --
[millionday] obviously they are pushing to change it or address it at election time
[millionday] Maliki said that "the amendment can not be a decision by the House of Representatives and vote, but will be by the Council of Ministers and the House of Representatives to Ikri there and voted on by the Commission shall be obliged to apply it,
explaining that the House of Representatives must exhibits behavior legal to stop this process and not clicking that happened UNHCR, which has brought us to the precipice barefoot after offering all members of the Commission to resign, and this means that the entire electoral process was at risk, but the entire political process has become in danger. "
And "he was supposed to be for Eisselk the House of Representatives this wrongful conduct because he is not a point of issuing orders and decisions, but rather to issue legislation, if he wanted the Council to correct this error by passing a law to withdraw from the Commission's right of exclusion or gives amendments on the issue of exclusion and that it was constitutional."
[millionday] note --- Maliki is saying that they could amend a law to make him stay
[millionday] He continued that the Commission issue an order to compel it to cancel and exclusion is a violation of the law which is contrary to the authority of the judiciary and the authority of the Electoral Commission for elections and this behavior is a serious, demanding that the Commission and the Council of Representatives commitment to legal contexts.
" Maliki said: "We are afraid of the process of postponing the elections, which are considered dangerous, but no there hand has the power to postpone the elections according to the constitution, noting that we are afraid that the result of such pressure on the Commission to postpone the elections and the scattering of political effort and the effort of state and engage in a tunnel has to Ankrj it never ".
[millionday] note -- this is a huge upset obviously -- just little more on it
[millionday] He stressed that "the resignation of the members of the Board of Commissioners of the Commission would mean the postponement of the elections and to engage in an irregular situation and problems are difficult to break them,
calling on the members of the Board of Commissioners to reverse the decision to resign, and the House of Representatives to abandon these methods in dealing with the Commission and go to the enactment of the overall speed of the work according to the contexts Legal. "
Comments May be made at the end of Part 2 Thank You