[Update; Fighting ISIS / DAASH]
Okay so where is Mnt Goat going with this article below?
I am presenting this article to help you understand the position that the Anbar / Mosul region is in. There have been many articles over these salaries in the recent past.
Did you know one reason the government stopped paying the salaries in these regions is due to the terrorists?
They apparently have been forcefully taking the money from the citizens once paid and in some cases the citizens join the organization willingly an would forfeit their pay to ISIS. So to stop the flow of these funds to ISIS they simply stopped the payments. Recently there were street crowds cheering in these rallies for their money.
So let me clarify. These rallies were not about the RV I can assure you. It was about these promised payments.
These so called intel “gurus” want you to believe something different to try to connect these events for their own proof of a pending RV. I wish they would stop confusing the facts. It was instead just for the payment of their pensions and salaries as promised by the government.
So now they got paid. So this may be an indication of the stability of these regions or did they pay them to prevent more from joining ISIS ? We wait to see.
MILITARY RETIREES PAY THE SALARIES OF ANBAR TODAY
Anbar - Noureddine Hamid
It approved the Ministry of Finance retirement and the public on the retired military pay of Anbar province in order to alleviate their suffering.The security adviser to the governor of Anbar province, Brigadier General Aziz behind Trmoz said in a statement on Sunday that the (Ministry of Finance and the General Retirement and agreed to pay pensions for the military to maintain), stressing that the (covered can receive their salaries on Monday or Tuesday). The decision to relieve the burden of military retirees who were forced to flee from the province to Baghdad and the southern governorates and the Kurdistan region to escape the military operations.
[Update: on CBI]
Okay now we get to the second part of the BIG News of the day, some golden nuggets to share with you with two articles below.
Following this section on the CBI update I talk about the Investment law and how they now plan to vote on the law in parliament on Tuesday 10/6.
Does it make sense then that they would also now roll out billions of dollars for the development of the banking sector at about the same time? Seems they really are trying to kick start this economy or “activate the private sector” as many want to call it.
Also I want to reinforce something to you now once again. DR Sinan Shabibi must come back to manage the CBI officially before any RV can occur. I have stated this in the past and I am firmly standing once again behind this statement. The new prime minister has asked DR Shabibi to come back to the CBI and DR Shabibi gave him his answer. This took place months ago. Now we are seeing Abadi finally begin to address the CBI an clean it up.
So this will clear the path thus allowing the governor of the CBI complete autonomy to manage the delegated responsibilities as in the CBI charter. I am now hearing we might even see Dr Shabib come back this week as they are planning to make a formal announcement of his return as heading up the CBI (officially) once again.
Do you think he may pick up the progress on the currency reform from where he left off in 2012? It is very possible this may occur so be ready for some surprises in the next couple weeks. We might just see the new coins and lower denominations launched very soon.
I find it also funny how economists should come out now, once again and talk about the life span of the 3 zero notes and how they must be replaced soon in the project to delete the zeros. Is this coincidental?
So what do you think he will do once Dr Shabibi is back at the helm? What is the main responsibility of the CBI according to their charter - Stabilize the dinar exchange rate, manage the monetary policy and manage the reserves.
All of these responsibilities have not been fulfilled correctly under the proxy governor, as set up by Maliki as they were not the intended goal of this proxy placement. We have see the exchange rate fluctuate randomly and almost uncontrollable over the last couple years. We have see almost 30 billion dollars depleted from the CBI reserves. We have see a complete postponement of the project to delete the zeros. All these trends must be reversed and will be reversed.
NAJIB: CENTRAL BANK ALLOCATES BILLION DOLLARS FOR THE DEVELOPMENT OF THE BANK SECTOR
Author: Publisher on:October 2, 2015 In: economy
BAGHDAD / Center Brief for the Iraqi Media Network (IMN) - Iraqi Central Bank decided to grant the government banks billion divided them according to the controls to improve its banking system and restore its infrastructure.
The Commission said the economy and investment parliamentary Najiba member of Najib's (IMN) said that "the Iraqi Central Bank agreed to grant billion dollars of government banks to Ttaiwiramlha banking," indicating that "the advancement of the economy and other sectors depends on the development of the sector bank through the provision of infrastructure and electronic means used in banks global ".
And called for the economic and investment commission in Parliament last week, the General Secretariat of the Council of Ministers to send a draft central bank law and banks and government for the purpose of modified and approved by the Parliament.
Najib added that the "State-owned banks in Iraq face legal restrictions on investment provided for in the Banking Act, where the bank is not entitled to Rafidain and Rasheed dispose of their capital in investment and increase financial revenue."
Economic Adviser to the Prime Minister Mohammed confirmed the appearance last month, that the Banking Act No. 94 of 2004, which includes a lot of mistakes and a lack of terminology in the Arabic language.
From: Star Gazan, Edit: Ali Al-Shammari
ECONOMIST: LIFESPAN OF THE CURRENCY PAPER 3 OCHEHR..OUALEMADENAH 25 YEARS
Special - scales News
Stressed the economic expert Abdul Hassan al-Shammari, Sunday, that the life span of banknotes 3 months and Mineral currency 25-year-old.
Al-Shammari said L / scales News / "The life span of coin for a class of 250, 500 and 1,000 dinars is 25 years, and this long-term will save the state huge amounts of paper currency printing costs as those paper categories fast trading and consume every 3 months and will save the state 250 million dollars per year and this number is very large."
He said economic expert, that "the process of removing zeros from the currency will provide a great time of employee hours and be the largest in the daily and final accounts accuracy", adding that "on the executive Council of Ministers to re-submit this law to the House of Representatives, and accelerates and Parliament by approving the provision of such amounts huge budget. "
The "Iraq used coin in the sixties and seventies of the last century, and even the demise of the market traded in the Iran-Iraq war," .anthy 29 n /
[Update: On Reform Laws]
I have some amazing nuggets of information for you today on the status of some projects in regards to the reforms. First let me say that the Investment law is going to be voted on this week. Hurray! Iraq really needs this law. This law goes way back years ago, when Iraq had their multi-national investment seminar. Resulting from this seminar were many of these recommendations made to Iraq. They are finally going to implement them.
So now this opens the door to the private sector. A better way to say it is “activating the private sector” as many like to use this term. It is about to begin and I am jumping for joy. This did not have to take place prior to an RV however we are glad to see it since it shows us the commitment of the GOI to moving forward towards creating a sound economy which could only mean they would have to RV at some point very soon after activating this law.
So here are some basic points of interest in this law:
I quote from the article- “supports the single window so that there will be delegates from government agencies have the powers to grant approvals for investment projects, and to facilitate access to land for the establishment of investment projects and encourage the population to expand beyond the basic design, and encourage Iraqis and foreign investors after participating with Iraqis by giving them soft loans, bound to be a ratio achievement of 25 percent and guaranteed by the project.”
Latest Update - Parliament is now telling us the draft investment law will be voted on through the House of Representatives session on Tuesday 10/6.
We are still waiting for the National Guard law, Three Presidencies bill and Amnesty law to be passed in parliament. All of these laws have had second readings.
ECONOMY: INVESTMENT PASS A LAW THIS MONTH
BAGHDAD - Omar Abdel-Latif
Suggested the committee «economy and investment» parliamentary, pass the investment law in the parliament during the current month sessions, stressing that two fundamental points setting off to delay the adoption of this law, which was hoped to be voted on before the Eid al-Adha holiday. She by Nora Albjara Committee told the «morning» Commenting on the importance of this law: that important and will change a lot of obstacles facing investors, especially that the country is looking for other financial resources after the fall in oil prices
She added, that the Commission ended all comments were added to the law in the last session of parliament that preceded the Eid al-Adha , stressing that the committee met with the First Deputy House of Representatives to the President, Dr. Hamoudi, this Algrd.utabat in this context: was in the meeting, asking all what is possible to add some political blocs on this law in order to not be the there are problems during the vote in the parliament. to postpone the vote MP Albjara, pointed out that the committee.
I was surprised by the request of the Presidency to postpone the vote on the law, despite his presence on the agenda grounds that the presence of some of the proposals of the executive bodies did not add to the law .waodan, that the most important points that objected to by the executive bodies, lies in that the post of head of the investment rank of minister after the Committee voted to have the rank of Deputy Minister in line with the government's measures to reduce positions .otry Albjara, that this topic surprising because what is put forward by the Commission is not commensurate with the reforms advocated by the Government in terms of reducing special grades, because in this case would be for the government armies of retirees degree two managers who finish their service in those bodies.
Special interests and the postponement Committee expected to be postponed Law proposed by the Commission and materials will benefit the investment and facilities in respect of, by, but it was discovered that the topic related privileges and preference for private interests to public . With the second objection point stipulates «
Enjoy the heads of investment authorities in the provinces privileges general managers during their presence in office , But Investment Authority insists on retaining their grades if they came out of the post. Obescon most prominent materials that will encourage investors to set up projects in the country, signaled a member of the economic and investment commission, that the law has encouraged Iraqi and foreign and mixed private and public sector in the new investment projects .
Also supports the single window so that there will be delegates from government agencies have the powers to grant approvals for investment projects, and to facilitate access to land for the establishment of investment projects and encourage the population to expand beyond the basic design, and encourage Iraqis and foreign investors after participating with Iraqis by giving them soft loans, bound to be a ratio achievement of 25 percent and guaranteed by the project.
Economic .almusharah, also said the law put obligations on the investor in the event of failure to restore the property to its owner with a fine of $ clipper, and the introduction of a new concept of investment similar to the developed countries implement strategic projects himself or by a third party.
As well as oblige ministries and departments not associated with the Ministry to provide good real estate to set up investment projects, and the granting of privileges and exemption from taxes and fees for investment projects on imported assets before startup, and exemption of investment projects from taxes for 10 years. as well as the exemption of imported raw materials for commercial operation of the project fees and taxes, according to the proportions of the contribution of local materials that go into the product industry to encourage the utilization of the domestic product of Iraq, and to require government agencies in cooperation with the Organization for the completion of the direct investment project requirements within a period of 30 days after the issuance of the license ». In the end of her statement,
Albjara expected, to see the law light during the current month after the end of all comments received it, suggesting that «if there were the will of the fact that the executive bodies to take advantage of this law will see the Iraqi investment and investors an opportunity to create a private in the safe areas in the center and south of major projects.
A MEMBER OF THE PARLIAMENTARY ECONOMY IS LIKELY TO VOTE ON THE DRAFT INVESTMENT LAW SESSION TUESDAY
Alsumaria News / Baghdad
was likely to economic and investment commission parliamentary member of proof Mamouri, Sunday, vote on the draft investment law through the House of Representatives session on Tuesday, noting that approval of the draft law will provide the revenues of the Iraqi state. He said Mamouri in an interview with AlsumariaNews,
"The meetings are ongoing between the committees of the economy and the legal Alniabaten, to establish legal frameworks for investment law, "likely" drawer bill for a vote, the House of Representatives session on Tuesday, or during the current week. " He Mamouri, the "Committee for the economy had made contact with the heads of blocs and parliamentary committees as well as the ministries concerned with the law, for approval without a difference it", stressing that "the approval will do the investment sector comes revenues for the state."
The Vice President of the House of Representatives Hamoudi called, (September 1 2015), to the need to accelerate the adoption of the investment law, pointing to the importance of law in the activation of the national economy.
In conclusion I just want to make something very clear to all. So why now is everyone watching for these reform laws? Why now have you finally come to a conclusion that there might be some “meat” in the articles after all?
Could it be because you lost your other so called “secret” sources or simply you can no longer trust their info since they have been proven over and over again to be misinformed and lead you down a path of foolishness and hype every time? I have to say I told you so. I told you so !
I though many said Mnt Goat was crazy and these article did not matter? I thought you said all these laws were all done already? Of course this is because many of you are simply lazy and do not want to take the time to read articles and study what is really happening in Iraq. You can read can’t you?
So once again I will baby-sit all you so called “gurus” and try to help you understand the truth as I know the overall plan and I can see it being executed. No - I refuse to tell you the overall plan as it is bigger than you can imagine and probably willing to understand anyhow. If I were to tell you then you would only take it, abuse the information and use it for your own purposes to hype it up anyway. Too bad it must be this way.
I will say the plan is NOT about some foolish nonsense of a GCR (global currency reset). I have had many conversations with IMF representatives and they all tell me this if foolishness and they have been working to reset the financial arena now since 2008 and it will continue.
Currencies revalue each and everyday and some currencies will adjust too in the SDR basket to coincide with any significant value of the IQD or any currency in the basket. It is a slow process and just because you want or need an RV today will not make it reality. Sorry! Stop making up stories about this “GCR” as it is getting real boring.
Till next time…. Auf Wiedersehen!
Peace and Luv To Ya All,