[nannyg] millionday I'm confused, what do you mean by the budget is done by %?
[millionday] it is a whole amount and each % is dedicated to each project etc
kenster] With all of the iqd pulled out if the country how long can they go before rv
[millionday] not long with the condition they are in (meaning the bills) -- they have pulled the high denoms to prepare for small and the release of the 3 zeros
jtank] Release of the zeros?
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[nannyg] millionday So are you saying the Budget is agreed on but not passed?
[millionday] oh the budget has been agreed on except where the oil proceeds are going to be put for the kurds
ROBINREDHED] millionday are all the 000's pulled?
[millionday] when they are -- we will be done
[millionday] they will not get ours until the rate changes
millionday] here we go >>>> Independent MP in the National Alliance, Hussein al-Asadi, called on Saturday 1 March to hold a meeting for Prime Minister Nuri al-Maliki, Parliament Speaker Osama al-Nujaifi and the President of Kurdistan, Massoud Barzani, to solve the crisis of the federal budget for the current year.
[millionday] Press conference !! >>> Al-Asadi said during a news conference at the parliament building today that al-Maliki, as a leader of a large bloc in the parliament is responsible for delaying the approval at the budget, in addition to holding the responsibility to the President of the Kurdistan region because of the differences of his bloc with the government of Baghdad about the file of oil.
[millionday] note -- blaming Maliki
[millionday] He added that Motahedoon Coalition and its leader al-Nujaifi were also responsible for delaying the approval at the budget as the bloc is boycotting the parliament sessions, thus it is necessary to hold a meeting including al-Maliki, al- Nujaifi and Barzani to resolve the dispute and to instruct the bloc to attend the parliament sessions and pass the federal budget.
He added that the continuation of disapproving the budget will expose the state to collapse for this year and may continue for the coming months, because we 're going to the elections and the current parliament is coming near to its end.
[millionday] so they are saying that an election year is not the time to be operating without the needs of the ones that vote for you -- so they are asking -- publically -- for a meeting of the ones that can get it done and resolved -- nice
[DinarGroupie] I heard that Maliki was holding the budget hostage because he wants the Kurds to promise they support his bid for a third term.
[millionday] DinarGroupie the promise could not be made with electronic electoral cards and also with the citizens voting -- brb with more
[millionday] here we go >>> Concluded the work of the Third Conference of the provinces, which was held in the capital under the auspices of the province of Baghdad, which dealt with activation of a number of laws giving powers broader conservative disengagement of the ministries specified in Article 45 of the Law on Governorates not organized province and increase the budgets of the provinces of non-oil producing and other demands and legislation. "
[millionday] very nice
[millionday] Governor Baghdad and the head of the Third Conference of the provinces of Ali Mohsen al-Tamimi in the final statement of the conference in the presence of members of the House of Representatives and the heads of provincial councils, governors and their representatives and a representative of the Minister of State for Provincial Affairs and representatives of universities and civil society organizations and banks,
"an update of the conference, which was held in Basra and Nineveh, about the law of governorates not organized province, as amended, this conference It was out a number of recommendations included an emphasis on the recommendations of the National Congress for the provinces, which was held in Baghdad, Canon's second in 2014 and Conferences Basra and Nineveh.
[millionday] note -- the banks took part in this as well because -- the funds for the provinces has to be part of the power distribution as well -- actually a huge par -- this conference is huge
[millionday] Tamimi said, "One of the recommendations that came from the conference also is to continue the appeal submitted before the Federal Supreme Court on the second amendment to the law of the provinces is organized province along with demands for activating the coordinating body upper problem under Article 45 of the Law for the direct transfer of sub-districts and devices,
jobs, services and terms of reference for the ministries of the eight involved amendment with financial allocations, as well as claim the House of Representatives to include the Budget Law for the year 2014 and the reallocation of investment allocations for the ministries of the eight to the provinces. "
[millionday] note -- this is talking about the ministers and how they will be working together with all the projects and also the allocation of power
[millionday] He pointed out "the need to work on balancing production and liquidation in the various provinces through the expansion of exploration to the provinces is produced and distributed sites refineries developed to ensure a balance between the provinces
not to mention the emphasis on the provinces to form committees to prepare for the transfer of financial and administrative powers of the ministries of the eight along with claim the House of Representatives to increase financial resources to the provinces is the oil-producing part of the federal budget and the creation of constitutional standards necessary to do so. "
[millionday] note -- it is very important for the gov to address the lack of funds in non-oil producing areas of the nation --- this is a great thing for the country and will help calm the issues as well imo
[millionday] He Tamimi, "he was also claim the adoption of the method of allocation of direct Petrochemical dollars and border crossings and other imports provided for in Article 44 of the law and the regional development allocations to private accounts in the governorates in the bank Central and create funds for local development,
as well as the claim coordinating body upper disengagement contained in article 45 of the law as well as the formation of a committee to follow up the recommendations emanating from this conference. "
[millionday] note -- this is referring to the accounts that need to be established for allocation of the funds in the areas that have oil production
[millionday] as agreed participants at the conference will be held the fourth next to the provinces in Anbar province, stressing their support for the people of the province their provinces of Anbar and open to all parents and families displaced from the province,
Mtnin on the role of the security forces and the Iraqi tribes in the face of terrorism and terrorists in Anbar province. "
[millionday] last part translated by another >>>>>>. " as agreed participants at the conference will be held the fourth next to the provinces in Anbar province ,
stressing their support for the people of the province their provinces of Anbar and open to all parents and families displaced from the province, Mtnin on the role of the security forces and the Iraqi tribes in the face of terrorism and terrorists in Anbar province . "
[millionday] the last part is very hard to understand but they have had a conference with all leaders of provinces and used this conference to move forward to prepare for funds and distribution for citizens and also development with also the issue of the lack of proceeds for provinces that dont produce oil -- love it and wish we had been flies on the wall
[jtank] Good but for Maliki politics and why not for all of Iraq ?
[millionday] that is for all of iraq -- all provinces were represented
[Imperator] if this budget does not get in this session, what are the ramifications?
[millionday] they are saying that it is done but not activated and according to the constitution it has to be activated this session -- it is in a basket of 6 with the hcl
Pablo] In light of the liquidity crisis and the fact that they have to dump using US dollars now, how close do you think we are, in your opinion?
[millionday] by what i see -- my opinion is that they are going to release the rates due to the regulations and agreement by the many banks that were at the meeting with CBI agreeing to that statement –
so how ever long coming up is by Iraq`s standards and of course the pressure from the many countries that want them to move forward to save the day
DinarGroupie] MD what is happening with the Fed. Council? We saw it in ink recently, now nothing. Your thoughts, dear lady?
[millionday] the federal council is in a basket with the hcl and was reported today to be done and waiting on activation --
[slh5282] Weren't they given 20 or so days a couple of weeks ago to get this finished and that date would be up on or about March 7th?
[millionday] yes they were and yes that is when that timeframe ends -- smile
[quicktolegit96] When do u prognoses' this basket with HCL, budget getting voted into law, or did i miss that one
millionday] they said that the constitution demands that it has to be done in this session and can not be put off until the coming session
[minkfarm] What is the time frame for "this session" considered?
[millionday] i believe it is march 15th but will have to check it to be completely sure --
jtank] Around the 7th is the wto ascension?
[millionday] the middle of march is the workshop with the US of A federal reserve and Iraq and the WTO for accession
[millionday] American organization, a non-profit, to build a project that aims to provide the residents of all regions of the world, even remote ones, the possibility of free access to Internet content, using satellites.
fired Organization "investment fund for the development of the media" MDIF, which New York-based her, the name "Aotrnt" Outernet, the project, which put his schedule to launch a pilot with the middle of next year.
The project is based on the formation of a network of hundreds of small satellites that are launched in low-Earth orbit, a satellite that will process receive data from several hundreds of ground stations and deployed around the world.
explained the organization that "plans are subject currently Network (Aotrnt) ensure access content that will be broadcast from ground stations via satellite to anyone who owns a device that supports access to the Internet, such as computers and mobile devices
[millionday] wow -- free is always good !!
[millionday] jtank the 7th was the date that ended the 20 days given to have the budget in place and voted through
[jtank] Close to WTO
[millionday] yes very -- i love it
[millionday] because the accession is reliant on the rate being set and the country being internationally accepted -- i mean the country`s currency
[wmawhite] folks, just keep in mind that the WTO will never announce in advance the ascension of a country into the WTO. We will hear about it after the decision is made.
[millionday] jtank exactly -- with 2000 of my closest friends -- smile
[millionday] wmawhite it has become a way of life lol
[Imperator] We hear that the dollar is not to be used, but then sold 104 million dollars? is that still a sweep of the ooo
[TxBrand] could yall explain this please ------> the federal council is in a basket with the hcl and was reported today to be done and waiting on activation --
[millionday] compliance and also for business and exchange as we have
[wmawhite] Imperator ...........those were private banks selling back IQD to the CBI for USD..........that wasn't the GOI buying USDs.[jtank] ?Why the auctions?
[Imperator] Why do private banks need USd
[millionday] let me tell you why and it is good news -- the same reason that we have foreign currency in our banks and our exchange houses -- regulations that have been set -- only licensed banks for foreign exchange and international currency business -- they are getting the dinar back in exchange from CBI
[millionday] let me get txbrand
dinar dave] Is it safe to say the rate won't be released until after the WTO???
Imperator] Ok so still sweeping up the large notes, makes perfect sense. Thank you
[radronin] & they have been very low as has been reported??
[millionday] they announced that they have 6 very important laws that are done but not activated and that is against the constitution to wait until the next parliament session to activate them -- so they cant wait until the next parliament session and they include among others the federation council, and the hcl --
[BGG] dinar dave - No
[dinar dave] Thank you BGG
[millionday] dinar dave no they need it before to be active in world trade through the WORLD TRADE ORGANIZATION (wto)
[Richard Incrocci] millionday It looks as if they are getting everything lined up to get the rate released here very soon
[millionday] so that is where we are and that is the news -- links please
ROBINREDHED] http://www.dinarupdates. ··· om/blog/
[ROBINREDHED] http://dinarupdates.com/ ··· bserver/