Post From Peoples Dinar
Millionday News Time 7-16-16
Welcome to News Time with Millionday!!
Millionday THIS WAS EXPECTED AND NOT A GREAT BUT GLAD TO SEE IT
U.S. Representative Peter DeFazio on Wednesday unveiled legislation to tax financial trades that will likely wither in Congress but could stoke partisan fires in the presidential election.
The Oregon Democrat's bill would levy a 0.03 percent tax on most financial trades, and is intended to discourage "risky trading behaviors." DeFazio expects that will collect more than $417 billion in revenue in the next decade, which he said could be used to fund free higher education or infrastructure repairs.
Millionday NOTE -- TAXING FINANCIAL TRANSACTIONS
When the Democratic Party gathers in Philadelphia at the end of the month, it will adopt a platform that specifically calls for taxing trades. Many liberals in the party embrace the proposal as a way to curb speculative trading, which they say led to both the 2007-09 financial crisis and the 2010 stock market "flash crash."
SO AS WE SEE -- OUR GREAT GOV IS ON TOP OF THINGS SMILE
BRB WITH MORE
HERE WE GO HUGE STORM HERE SO IN HURRY
Baghdad confirmed front Reform, Saturday, its intention to modify some of the paragraphs of the Iraqi constitution and the elimination of quotas "abhorrent." A member of Ibtisam al- Hilali, said that " the project Front reform received well when it was presented during the meeting of the parliamentary session."
NOTE -- SOME CHANGES TO CONSTITUTION FOR REFORMS – SMILE
She added, that " the project contains clauses aimed at reform and change , " pointing out that "paragraphs contain legislation important laws and amend certain paragraphs of the Constitution." She Hilali that "front project contains Mayhem and serve the Iraqi people
" pointing out that " the Iraqi constitution written in haste it contains many gaps. " it pointed out that" a committee was formed more than a year to look at the paragraphs of the Constitution but "lagging behind" and did not submit its report until now
NOTE -- UNTIL NOW – SMILE
"adding that" the reason for the delay that committee back for political reasons. " She stressed Hilali on the" front reform is determined to eliminate all the things that go according to the whims of political and party quotas. " the front reform presented its project containing the demands and vision for reform before the House of Representatives.
SO AS WE SEE -- ACTION TO IMPLEMENT THE REFORMS -- NICE
Ministerial Council on Security homelands held Saturday, held an emergency meeting chaired by Prime Minister General Commander of the Armed Forces, Haider al-Abadi, to discuss the situation in the Republic of Turkey.
Ebadi said in a statement received by the Office / balances News / copy of it, "the Ministerial Council for National Security was held, at noon today, an emergency meeting chaired by Prime Minister General Commander of the Armed Forces
NOTE -- THE SITUATION IS NOT ONGOING IN TURKEY RIGHT NOW IMO -- NOT EXPECTED TO CREATE PROBLEMS ETC
The statement added that "at a time when the Council underlines its respect for constitutional institutions in any country, including neighboring Turkey and respect the will of its citizens and their rights, the Council stressed that Iraq's commitment to the fundamentals of good neighborliness and to ensure good relations with Turkey and non-interference in the internal affairs."
NOTE -- THE GOAL IS TO NOT LET IT IMPACT IRAQ AND THEIR GOALS
The Council stressed according to the statement on the need for "commitment to build bilateral relations between the two countries on the basis of respect for sovereignty and non-interference in the affairs of each country, down to the relations characterized by mutual respect and secure the interests of the two countries in various fields."
NOTE -- IRAQ IS READY TO STAND ON ITS OWN
The Council expressed its hope, "stability for Turkey and its people to spare the bloodshed."
And saw the Turkish Republic on Friday evening (July 15, 2016), total chaos after the army statement the military coup on power Acharaah.anthy
The Iraq Mission Chief for the International Monetary Fund (IMF) has said that he sees no reason to devalue the Iraqi dinar “under current circumstances“, and says the authorities are “committed to maintaining the Iraqi Dinar’s peg to the U.S. dollar“.
Millionday “Iraq has maintained a peg to the U.S. dollar for years, and it has served the Iraqi economy well. The peg helps provide stability amidst a highly uncertain environment, especially with policy capacity weakened by the fight against ISIS. Under current circumstances and given the nature of the shocks, moving towards more exchange rate flexibility would not be warranted for two key reasons.
NOTE -- DEVALUING OBVIOUSLY WOULD NOT HELP IRAQ AT ALL WHILE THEY ENTER THE MARKET
“First, Iraq is predominantly an oil exporter, and devaluing the Dinar would have minimal bearing on the economy’s overall trade competitiveness.
“Second, there is a notable degree of import dependence—almost half of Iraq’s consumption needs are imported—and devaluation would immediately trigger a spike in inflation for most food and other consumer goods, which would exacerbate already difficult social tensions.
NOTE -- DONT MISS THAT THIS IS OVER TRADE COMPETIVINESS
“The authorities are committed to maintaining the Iraqi Dinar’s peg to the U.S. dollar under these circumstances, and we support this view.“
SO AS WE SEE AS WE KNEW -- THE DINAR WILL BE ACCORDING TO THIS REPORT PEGGED TO THE USD
HERE WE GO
Alaa al – Taie Economic Adviser to the Prime Minister, the appearance of Mohammed Saleh, about the deal with the International Monetary Fund as a «financial protection for Iraq» and expressed optimism about the improvement in the credit and financial viability of Iraq by the surge in Iraq 's international value of the bonds that created until 2028, amounting to $ 2.7 billion revealed , particularly after the IMF approved a loan worth $ 5.3 bill
NOTE -- THE IMF HELP IS SEEN AS SECURITY FOR IRAQ
Saleh said in an interview for «morning»: the Iraqi government agreement with the IMF was born financial protection from multilateral international financial institution of the country, pointing to the existence created bonds in 2028 worth 2.7 billion dollar rises credit rating her, and trading of Sindh in global markets with rising among gets the opposite in the case of low value.
NOTE -- GLOBAL INVESTMENTS WILL HELP WITH CREDIT RATING – A LOT BETTER THAN NOT
He stressed the benefit of , at the height of the international value of the bonds to Iraq indicator of the capabilities of the national economy and positive on the possibility of fulfilling the debts of the country and earned creditworthy.
downplayed economic adviser, fears the introduction of Iraq 's debt in the future, stemming from the agreement with the IMF,
NOTE -- THE BONDS OUT CREATE A BETTER ECONOMIC PICTURE FOR IRAQ GLOBALLY
Millionday he said , «it soft loan does not carry very high interest rates as it fears does not deny is that the country is in a fierce war will determine the future of Iraq and its people , which is going through financial hardship and the thesis came to the rescue situation in the country because we are facing a social dilemma, and the poverty rate of 23 percent, as well as nearly four million displaced, in addition to cities smashed andput social, economic, military and security requires international support to get out of the ordeal ».
Saleh said, that among the terms of the agreement with the Fund, is control of Iraq 's ability to pay its indebtedness and help him in this matter, stressing that the country 's standing in the «honest point of debt» there are exaggerations about the large number of indebtedness,
NOTE - THE IMF IS HELPING IRAQ TO STAND ON THEIR FEET AND HELP THE ECONOMIC CONDITION AS THEY GO TO MARKET
, noting that the exact calculations and recognized by the government do not include debt that was granted to Iraq under the former regime and the so- called debt Albgazh for it resulting from the aid provided to the former regime of the Iran - Iraq war and is still stuck and there are discussions about them.
NOTE -- THE EXACT FIGURES ARE NOT INCLUDING THE PAST BUT WILL STILL CREATE A WAY TO MAKE IT RIGHT BUT THE CALCULATION WILL BE ABOUT THE IRAQ THAT STANDS NOW – EXCELLENT
Saleh revealed, for the whole of the current Iraq 's debt according to the agreement of the Paris Club in 2004 and recognized by the government of ($ 17 billion) begin repayment as of the year 2020 and up 2028 , adding that 17 billion dollars is out of $ 125 billion, confirming determine how Iraq more than $ 100 billion of that debt any reduced by 80 percent , according to the agreement of the Paris Club in 2004 «.
NOTE -- THEY ARE ABLE TO HAVE SOME FORGIVENESS FROM THE PAST FAILURES THAT DO NOT INCLUDE WHAT IS GOING ON RIGHT NOW -- VERY COOL
He added that the debt rescheduled in accordance with the Convention on the above, followed by Iraq has begun to pay the annual interest but repaid starts from 2020 to 2028 in the form of successive payments that are mostly sovereign debt government return some of the countries of the Paris Club of
Millionday NOTE -- THEY WILL BEGIN 2020 AND REPOAY PAST DEBT SO THEY CAN GROW ETC
of around $ 9 billion, and the debt of a sovereign government about $ 6 billion and 2.7 billion in bonds back to the private sector collectively worth 17 billion dollars and represent 20 percent of the Paris Club debt , which reduced to 80 percent of Iraq ».
SO THEY EXPECT THE BONDS TO HELP THEM TO COME OUT OF THE PARIS CLUB DEBTS – NICE
Millionday HERE WE GO THIS IS INTERESTING
Jinan al - Asadi preparing the General Company for Ports of Iraq to the opening of the pier to receive the containers in the port of Faw over the next month, at a time when profits achieved during the last month amounted to 27 billion dinars from the supervision of the loading and unloading operations.
The general manager of the company Riad Hamad Sawadi, said in an interview "morning", the company managed to achieve revenues during the month of June, more than 27 billion dinars, noting that the organization of shipping operations and unloading and entry and exit of ships laden with goods, had the effect of increasing imports of the company.
Millionday on the company 's future projects, Sawadi revealed continuing the development of the southern port projects, in particular the project to increase the number of shelves to 83 berths until the year 2018, adding that the Philippine company is preparing for the completion of the first berth in the company 's plan for the current year of 200 meters long in the port of Umm Qasr north and will be opened during the month of August next to receive the containers.
SO WE HAVE NEXT MONTH AS BEING ANNOUNCED TO RECEIVE THE OPEN PORT -- DONT THINK THAT THE HAVE TO ITEMS ARE INCLUSIVE --
WE KNOW THAT THEY HAVE RECEIVED HUMANITARIAN ITEMS BUT THIS IS AN ANNOUNCMENT OF OPEN PORTS IN AUGUST SO WE WILL SEE WHAT THAT BRING
PARLIAMENT IS MEETING EVERYDAY
I HAVE NOT SEEN THAT BEFORE
SO THE LIGHTS ARE FLICKERING AND I DONT KNOW IF THEY ARE GOING TO STAY ON SO I POURED WHAT I HAVE
WE WILL SEE WHAT HAPPENS TOMORROW AND OF COURSE WHAT ELSE WE HAVE
I MAY POST SOME SO LOOK FOR IT