MY LADIES wrote on November 1st, 2014, 1:29 am:GOOD EVENING EVERYONE, I KNOW IT’S LATE BUT I JUST WANTED TO POP IN TO SAY A FEW WORDS.
IT SEEMS THERE IS SOME CONFUSION, FRUSTRATION AND SADNESS AND THAT IS DISHEARTENING TO SEE.
TO BE TOTALLY HONEST WITH YOU FOLKS I’M SITTING BACK TOTALLY RELAXED SIPPING ON TEA AND HAVE BEEN ENJOYING THE QUIET ALL DAY FOR THE FIRST DAY THIS WEEK. FAMILY, THERE IS NOTHING LEFT TO DO.
WATCHING PAINT DRY IS BORING AND FRUSTRATING BUT THAT IS WHAT I FEEL WE HAVE BEEN DOING ALL WEEK. WHY ARE WE SO RELAXED BECAUSE THIS REFORM IS ON AUTO PILOT. IT IS JUST A PROCESS THAT HAS NOTHING TO DO WITH A PULSE AND HEART BEAT.
THIS IS WHY WE HAVEN’T POSTED TO THE FORUM MUCH THIS WEEK, WHAT IS THERE REALLY LEFT TO SAY? WE ARE AT THE TOP OF THE STRETCH!
LOOK ALL THAT IS HAPPENING RIGHT NOW. WE ARE BEING SHOWN WHAT TOOK PLACE ALREADY SO WHY THE DOWN SPIRITS?
THERE IS NOT A LIVING BREATHING PERSON ON THIS PLANET THAT CAN GIVE YOU THE EXACT DATE AND CERTAINLY NOT THE RATE! ALL WE CAN DO IS GIVE YOU AN UNDERSTANDING OF THE PROCESS.
WE ALL BRING YOU A STUDY OF YOUR INVESTMENT, WHICH FRANKLY SPEAKING YOU SHOULD HAVE THOROUGHLY RESEARCHED ON YOUR OWN BEFORE GETTING INVOLVED IN.
I’M SERIOUS, WHY ARE YOU HOLDING DINARS? IS IT BECAUSE SOMEONE TOLD YOU TO DO IT? TOLD YOU IT WOULD BE QUICK MONEY? OR IS IT BECAUSE YOU KNOW IT’S A SOUND INVESTMENT THAT COULD TAKE TIME TO SHOW YOU RESULTS.
WE CAN ONLY BRING YOU WHAT IS HAPPENING IN REAL TIME AND HELP YOU UNDERSTAND IT. BUT PLEASE SOME OF YOU HERE YOUR OUTLOOK NEEDS TO CHANGE AND YOU NEED TO STOP TWISTING LESSONS TO SUITE YOUR HOUR OF NEED.
YOU WILL SEE THIS MONETARY REFORM WHEN IRAQ AND THE CBI AND THE BIS ARE DONE AND READY. AND NO ONE KNOWS EXACTLY WHEN THAT IS.
HOWEVER BASED ON WHAT WE DO KNOW I CAN HONESTLY SAY WE ARE EVER SO CLOSE TO THE END OF THE PROCESS IN REAL TIME.
SO PLEASE SHAKE IT OFF ENOUGH DISAPPOINTMENT AND LET’S MOVE ON.
SOME ARE CONCERNED ABOUT THE 2015 BUDGET…REALLY? ARE YOU REALLY GOING TO GET ON THAT HAMSTER WHEEL? I MEAN REALLY?
IRAQ IS 1 WEEK INTO THEIR NEW YEAR AND THEIR FISCAL YEAR WHY WOULDN’T THEY HAVE THE 2015 BUDGET READY FOR VOTE? THE 2014 BUDGET HAS BEEN DONE FOR AGES,
I WILL SHOW YOU BELOW THEY DECIDED NOT TO ENDORSE IT AS A FULL BUDGET BUT INSTEAD JUST APPROVE FINAL ACCOUNTS AND PAYMENTS OUT OF WHAT WAS LEFT FOR THE LAST 2 MONTHS. THIS SOUNDS LOGICAL TO ME.
LET’S LOOK AT THE CBI FOR A MINUTE. THEY SURE ARE HAVING A BUSY WEEK, SO THEY ARE ISSUING COINS, WELL THERE’S BIG NEWS FOR OBVIOUS REASONS BUT LOOK WHAT ELSE THEY’RE DOING.
THEY’RE INVESTING SOME OF THEIR RESERVE CURRENCY AND GOLD INTO OTHER EUROPEAN MARKETS BUYING BONDS IN OTHER STABLE MARKETS USING DINAR!
AND NOW JUST RECENTLY IT SEEMS SOMEONE WOKE UP AND REALIZED THE NEW GOVERNOR THAT WAS APPOINTED BY MALIKI DURING A TIME THE GOVERNMENT WAS IN CARE TAKER MODE IS ACTUALLY A 20 YEARS SALES MAN OF INTERNET CHILDREN’S TOYS AND MAY BE IN VIOLATION OF THE BANKING LAW NUMBER (56) AMONG OTHERS.
ADDITIONALLY IT SEEMS THEY JUST WOKE UP AND REALIZED THAT BY LAW SHABIBBI’S POSITION WAS NEVER ACTUALLY FILLED ACCORDING TO LAW…..HUMMMM MAKES YOU WONDER WHERE THEY’RE TRYING TO LEAD US DOESN’T IT?
HOW ABOUT THE ENDING OF THE TRADE SHOW? AND THE INTRODUCTION SOON OF THE VISA CARD AGAIN. LOOK AT THE TRADE BANK OF IRAQ GOING TO DO LETTERS OF CREDIT AND BANK GUARANTEES AND LINK WITH VISA CARDS TO 134 MAJOR INTERNATIONAL BANKS IN 63 CITIES IN 39 COUNTRIES? THAT'S IMPRESSIVE.
WHILE WE’RE ON THE TOPIC OF LAWS IT SEEMS THE NATIONAL COMMISSION FOR ACCOUNTABILITY AND JUSTICE HAVE APPOINTED A COMMITTEE TO GO BETWEEN THE POLITICAL BLOCS AND HANDLE THE FINAL WORDING OF THE AMENDMENTS TO THE TASK OF LAW.
AND THESE AMENDMENTS WILL BE SUBMITTED ON MONDAY. WELL ISN’T THAT A MOUTHFUL AND RIGHT ON TIME TOO.
YOU SEE ABOUT 6 WEEKS AGO IT WAS DECIDED THESE COMMITTEES AND THE MINISTERS WOULD BE WORKING EXTENDED HOURS AND DAYS TO CLEAR THE DESK OF MANY LAWS AND NOW MANY HAVE BEEN AMENDED AND ARE GOING FOR FINAL WORDING BY MONDAY. THIS IS JUST WONDERFUL NEWS.
HOW ABOUT THE PROVINCIAL LAWS? MOST OF THOSE LAWS HAVE BEEN AMENDED TOO, THAT TELLS ME THEY ARE NEARLY DONE WITH HCL.
SO LET ME RECAP QUICKLY, WE KNOW THE PROCESS OF THE MONETARY REFORM HAS STARTED, WE KNOW IT HAS NO CONTROLLER BUT HAS BEEN PROGRAMED FOR SUCCESS AND WE KNOW DURING THE TIME IT IS MOVING AND GATHERING DATA THE GOI AND THE CBI ARE FEVERISHLY GETTING THINGS DONE. SO HANG IN THERE, WE SHOULD BE NEARING THE END NOW.
LOVE TO ALL MY LADIES
LOOK AT THIS, NO 2014 ENDORSEMENT OF THE WHOLE BUDGET. THEY APPROVED ACCOUNTS INSTEAD. SO STOP WAITING FOR IT. 3 WEEKS AGO I SAID DROP THAT BUDGET LIKE IT’S HOT..AND NOW THE COMMITTEE IS TELLING YOU DROP IT!
Finance Committee likely approve the final accounts instead of approving 2014 budget
10/29/2014 BAGHDAD / JD / .. tipped the parliamentary finance committee, approval of the final accounts of the ministries and state institutions, rather than approve the 2014 budget by the House of Representatives, as pointed out that the remaining months of the current fiscal year will also be the money disbursed by 1/12.
A member of the committee MP Abdul Qader Mohammed told / JD /: "The financial year 2014 has passed 10 months since spent the money where the rate of 1/12 of the previous budget by ministries and government departments," he said, adding that "two months remaining two November and December of this year, the exchange will remain as it is by the state institutions and for themselves. "
He added: "The Presidency of the Council of Ministers will be sent to parliament the final accounts of all ministries and state institutions and blogger in which the size of expenditure and revenue for each month of the last few months, and will be approved by the House of Representatives, instead of endorsing full financial budget of the fact that the financial year is nearing completion" ./ ended / 8
MORE COMMITTEES BUT THIS ONE WAS APPOINTED BY A FEDERAL JUDGE TO GET THE WORDING RIGHT, AND THE COMMITTEE IS JUST ABOUT DONE AND READY TO SEND ALL THOSE AMENDMENTS FOR FINAL APPROVAL. HOORAY FOR THEM!
Accountability and justice constitute a committee to draft the final amendments to the law
Published on Fri, October 31 1 / Okrudolf 2014 10:56
BAGHDAD / Bri Center for Media Alaraca- Network (IMN) announced that the National Commission for Accountability and Justice, the formation of a joint committee between the political blocs to prepare the final adjustments to the law in accordance with the requirements of the current stage.
The vice president of the judge's body Bakhtiar (IMN), that "the Commission agreed with the political blocs to form a committee member, and representatives of the political blocs holds the final wording of the amendments to the task of law." He pointed out that "some of the blocs, including the National begun to participate in the meetings of the Commission for the formulation of the final amendments."
The judge explained that "the amendments will be ready towards the final next Monday, and will be submitted to the Presidency of the Council of Representatives to be included on the agenda for discussion and proceed with their approval." Pointing out that "the purpose of the formation of the joint committee is to ensure that the new amendments passed in the House of Representatives."
Supreme National Commission for Accountability and Justice agreed yesterday, with the Supreme Judicial Council to form a joint committee to look into the proposed amendments to the law in order to achieve community justice according to the Constitution.
From: Haidar al-Tamimi, the Open: Yusuf al-Hassani
PROVINVIAL LAW…ABOUT TIME, NOW LETS PUT THE MONEY BEHIND THE LAWS AND CALL THIS HCL AND WRAP IT UP PLEASE. TO GO!
Araji: Most amendments provincial law will take its way to implementation
Published on Fri, October 31 1 / Okrudolf 2014 08:39
BAGHDAD / Center Brief for the Iraqi Media Network - (IMN) Deputy Prime Minister Bahaa al-Araji, said Friday that most of the provinces that have adopted amendments in the previous parliamentary session councils law will take its way for implementation after adoption of the budget .
They said to the reporter ( IMN ), that "all these data will not fall within the practice unless there is approval of the federal budget " .
"The Council of Ministers approved the submission of the budget for 2015 to the House of Representatives in the corresponding month Dasenber 1/12, and installed all the powers of the practice, as well as the allocation of large service projects within the general budget " .
He explained that "the government wants to end all crises, both with the Kurdistan region or other provinces." Stressing that "giving wider powers to the provinces to amend the background provincial law, being closer in providing the service, as well as the responsibility of local government to its citizens."
The spokesman for the Council of Ministers tributary Jabouri earlier, the Board discussed the general budget for the years 2014 and 2015, and ways to speed up its approval, and detect the presence of a real tendency to approve the 2014 budget as soon as possible.
From: Mustafa al-Araji, the Open: Yusuf al-Hassani.
OK WELL THIS IS ENTERTAINING AND CONFUSING BUT IT’S OUT THERE FOR A REASON AND NOT THE FIRST TIME WE’RE SEEING THIS, BUT IT IS THE FIRST TIME WE ARE SEEING WHICH LAW IS BEING VIOLATED. AND THE FIRST TIME WE ARE SEEING THAT THE CBI GOVERNOR WAS AN INTERNET TOY SALESMAN FOR 20 YEARS. AND THEY ARE SAYING ONCE AGAIN THAT SHABBIBI’S POSITION HAS NEVER ACTUALLY BEEN FILLED ACCORDING TO LAW…SO LET’S KEEP AN EYE ON THIS ONE.
CBI management and the role of the House of Representatives
30/10/2014 (0:01 pm)
Chaired by the Iraqi Central Bank Governor called (Governor of the Central Bank of Iraq) The senior management of the bank. Successive governments have been keen to entrust the presidency of the Iraqi Central Bank management, the character of its economic weight in the banking and economic sphere, as this has the effect of ensuring good management of the bank, and because the governor is a manifestation of the state, and to address the financial reputation.
Requires the Central Bank of Iraq Law No. (56) for the year 2004 in the appointment of the Governor to be a holder of a "college degree at least, and to have a long professional experience and specialists in banking or economic, financial or commercial or law fields (M 12/1). and have the rank of minister and appointed by the Prime Minister's proposal and the endorsement of the House of Representatives (13 m / a). This means that the House of Representatives interval role in the report of the CBI charge management.
(Been appointed D.sinan Shabibi) conservative "of the bank in 2003. He holds a doctorate degree in economics from Bristol / England in the University (1975), and is one of the most well-known personalities globally" in the field of economy, and continued in the Bank's management to the year 2013, even forced to flee out of Iraq after the issuance of an arrest warrant by the following issue (currency) auction, and sentenced him in absentia to prison for seven years. The public opinion D.cbibi victim of a conspiracy, or that the actions taken against him are the price we pay for maintaining the bank's independence and professionalism and not to be exploited for personal ends.
As a result of the vacancy of the governor, the Prime Minister assigned the job agency to d. Abdul Basit Turki head of the BSA, has this power of attorney took into account the need to be (the agent) the rank of minister to verify the qualifications required by the law in the appointment of the governor but did not take into account the separation between the head of the BSA as a supervisor at the bank and the post of the governor as a subject to censorship Diwan.
After commissioning d. Haider al-Abadi form a government, outgoing Prime Minister Nuri al-Maliki held a meeting of the Council of Ministers and reportedly went where the decision "commissioned by Ali Ismail Keywords position of Governor of the Central Bank and the Agency and the referral of Dr. Abdel-Basit Turki to retire.
It was Alak employees" entitled (inspector general) in the Ministry of Oil, He is the function of the Secretary-General of the Council of Ministers and the agency.
Taken this decision that the President of the Audit Court referred to retire before the end of his tenure in the Cabinet, while does not have a prime minister or cabinet this jurisdiction, but it is the prerogative of the House of Representatives, because it is the body that has the power to appoint the minister and to allocate it to retirement.
As Prime Minister did not ask for an exemption from the House of Representatives conservative (D.sinan Shabibi) from office after being sentenced to prison, and the appointment of a substitute "him, as required by law, but kept the post vacant" and administered by proxy.
This decision was issued after the mandate of Prime Minister Nouri al-Maliki and commissioning Prime Minister (D.haidar Abadi) to form a government, which means it is a caretaker period and may not be during this period of the Prime Minister make changes in the legal centers of Ministers or who is the rank of minister because they do not fall within the meaning of the caretaker.
If the Prime Minister assigned to any Minister of the Department of the Ministry of the other through a specialist agency in the absence of the minister the authority, which is what happened in the Franchise Head Office of Financial Supervision and the functions of both the conservative rank of minister. Keywords not valid power of attorney, an employee entitled (inspector general) in the Ministry of Oil tasks Governor of the Central Bank. Because it is supposed to solve Minister Minister specialist shop accidentally Agency especially in the case of his absence, "and that the minister exercised a sort of terms of reference not only practiced by the Minister. And may not be assigned to the ministerial office employee chooses the prime minister.
In addition Whoever holds the position of the conservative path of the agency, as required in the terms of appointment of the Governor,. While the legal requirements for the appointment of the governor in the relationship is not available, because the article (12) of the Central Bank Act stipulated in the appointed governor "of the bank to be enjoying his" experience long career in the field of financial and economic work, while does not have a relationship any experience or practice in this area.
Buratha news agency reported on the website have been published (burathanews.com/news/2/0358.html) article, "which stated that the relationship has spent twenty years" salesman "itinerant" children's play and the Flyers in the leafy streets of Montreal in Canada before he was appointed an inspector. " years "in the oil ministry. And the article that World Bank President Keywords met in one of his visits to Iraq adds Vsrah after the meeting that Iraq needs economic efficiencies lacking now. "He also said Alak political person, and assigned the management of the central bank is contrary to the principle of independence of the bank, which stipulated in Article (2 / 2) from the Iraqi Central Bank Act, and other provisions enshrined.
This topic has dangerous dimensions of the interests of society, because the law entrusts the Governor competencies relevant to the financial situation of the state, including the issuance of currency and the signing of the bonds and the cash reserve management and the issuance of decisions relating to monetary policy of the state and represent Iraq in international forums. It is dangerous to be appointed Governor or hire someone to do his duties fraught not legal, because this drawback applies to the legitimacy of the decisions or actions taken by that.
Not supposed to be the House of Representatives abandon its role in the central bank's management and ensure its independence, which is what happened while leaving the choice of the governor and agency to the Prime Minister, but to have a position in it, and if the House of Representatives in the previous session had sat for exercise its powers, there is no justification that later than that in the current session. LINK
THE CBI IS GROWING UP AGAIN AND THEY WILL BE BUYING BONDS OUTSIDE THE COUNTRY USING RESERVES. HUMMM WELL THAT MUST MEAN THEY EITHER HAVE OR ARE REAL CLOSE TO BEING IN CONTROL OF THEIR MONEY AGAIN. THEY ARE TAKING DINAR TO THE INTERNATIONAL MARKET? IINTERESTING!
Central Bank announces its intention to invest its reserves abroad
Central Bank of Iraq announced, during a meeting with representatives of the economic and investment commission in the House of Representatives Wednesday his intention to invest its reserves of hard currency and gold in the global market.
He said the former deputy director of the Central Bank of the appearance of Mohammed Saleh, Radio Free Iraq, "said the bank currently has a reserve of strong currencies can be invested in European banks and stable countries economically," he said, adding "that the central bank has achieved in 2007 simple returns when invested currency reserves, expected to achieve a higher rate in the next year. "
In addition, said director of planning and financial management in the Ministry of Finance Hilal Taan "that could the central bank to invest its reserves of currency and gold, in the form of bonds in stable markets," explaining that "the profit resulting from the investment could be added to the treasury of the State General".
On the other hand, a member of the Committee on Economy and Investment in the House of Representatives Nora Salem to the eye, "the difficulty of the currency and gold reserves invested by the central bank, under the circumstance of security and the deteriorating economic of the country," adding, saying "It is better for the central bank to invest the currency and gold reserves in the years future. "
The central bank has $ 76 billion of the national currency as a reserve, and more than 30 tons of gold.
SO THE BAGHDAD INTERNATIONAL FAIR HAS ENDED. NOW WHAT? WELL NOW THEY NEED TO BE INTERNATIONAL RIGHT? SO HERE WE SEE THE INTRODUCTION OF LETTERS OF CREDIT AND BANK GUARANTEES AND THE VISA CARD. WAIT WHAT? VISA CARD AGAIN? YES WITH 134 BANKS IN 63 CITIES IN 39 COUNTRIES OFFERED THROUGH TRADE BANK OF IRAQ.
Banking contracts with international companies
At the conclusion of the events of Baghdad gallery
BAGHDAD - morning team
concluded yesterday evening events Baghdad International Fair Bdorth 41 amid the presence of a striking and distinct different companies represented twenty Arab and foreign countries.
The general director of the General Company for Trade and commercial services in the closing ceremony, which was attended by representatives of states and government ministries and departments to the private sector companies by: "This exhibition cycle marked by success being coincided with the victory over terrorism in the rock cliff and expression of courage in the face of challenges and circumstances that make the show compete with European exhibitions in terms of organization and posts."
He said in his speech the way that I attended (morning) yesterday that the exhibition came to share their experiences and to encourage investment and to achieve development, despite visits scarce government officials during this session, but he also, but we fought this experiment festival turnout for Aitakerr only once a year.
During the closing ceremony, the distribution of shields and certificates discretion of the participating countries, where came first place in the State of Japan followed in second place Kuwait, while Germany came in third place, where he was evaluated by a special in the General Company for Trade and Commercial Services Division of the Ministry of Commerce of the Commission.
This was followed by distribution of shields and certificates estimated between government ministries and institutions participating in the exhibition, while The ceremony concluded with the distribution of certificates and shields among the media and the security agencies chock which contributed to the success of the exhibition Bdorth 41. saw the Baghdad International Fair, an iconic presence of the banking sector, both public and private, where banks, Rafidain and Rasheed Iraqi Trade Bank participated, along with many private banks in 41 of the exhibition session.
The participation of local banks to introduce its potential and willingness to cooperate with companies and the application of the government program, which recommended the opening up to the world and the development of the economic sector.
Among the government banks to participate in the Baghdad International Fair in its 41 Trade Bank of Iraq (TBI), who confirmed his participation for the fifth consecutive year, where saw the wing bank turnout of foreign firms and local businessmen and foreigners, to increase the prospects of cooperation between the two parties is to open bank credit and letters of guarantee, as well as the issuing bank card (Visa Card).
According to the media department at the Pavilion bank "morning" that there is a great desire by foreign and domestic companies to deal with the bank, the public as the company for cars and Canon Inc. (Canon) Japanese and other Turkish and Iranian and European companies, in order to increase their investments in Iraq.
Founded TBI owned entirely by the Iraqi government in July 2003 to facilitate Iraq's international trade and reconstruction Iraq after work the UN oil-for-food program ends. Work of the bank has grown rapidly to become an effective institution with great credibility, as the bank was able within a short period of time to establish relationships with a global network consisting of 134 major banks - including major international banks Union to cover so 63 city in 39 countries. Which gave the bank an extension (dimension), a global competitive advantage and the ability to provide a variety of services.
He added that the bank is working on spreading the culture of banking dealings mail between citizens through card (Visa) in shopping and payment of financial dues such as salaries monetary, financial and trading other, where he managed the citizen of exchange his money this card from any country in the world to the existence of more than 25 million ATM scattered them.
It calls the bank citizen to deal with this card in order to keep his money from damage, fraud and theft, especially that it operates according to high-protection system quality, in addition to the easy to carry while shopping or travel.
participated majority of private banks in this session, as has been years since the definition of their services provided to individuals and various companies.
In this regard, an official said wing National Bank of Iraq Laos Abdullah: that our participation in this year aims to take advantage of the presence of international companies in Iraq in order to defined potential bank facilities and services offered as well as the launch of various loans to the public and a private car purchase loans.
Asked (morning) on the participation of banks in the exhibition, and the method of competition among them in particular, and it is working under the Central Bank of the umbrella and the same controls explained Abdullah to compete with the rest of the banks are through interest rates and types of loans to other customers and banking facilities.
He stressed that the participation this year was characterized as came in unusual circumstances represented to confront the challenges and terrorist attacks Daash which weighed somewhat on the size of the participation of States which are sensed compared to last year, indicating that the National Bank of Iraq aims During his participation in the 41st session of the Baghdad International Fair to inform the public directly the kinds of banking services offered through the distribution of publications, catalogs and folders that show commercial bank activity on the local and regional level.
The 41st session of the Baghdad International Fair was held under the slogan (session 41 exhibition Baghdad International port for trade and investment between Iraq and the world).
SO THERE YOU HAVE IT, NOW SORRY FOR BEING SO DIRECT, BUT I JUST NEED TO SAY I FEEL WE ALL WORK TO HARD TO BRING THIS TO EVEYONE, AND TO SEE THE ATTITUDES CHANGE AND THE BLAME GAME BEGIN IS VERY SAD.
WE HAVE MUCH TO BE SILLY HAPPY FOR AND EXCITED IN MY OPINION, IT JUST SADDENS ME THAT A SELECT FEW OF YOU ARE UNABLE TO SHARE IN THE JOY OF THIS HISTORY MAKING EXPERIENCE BECAUSE YOU ARE BEING WEIGHTED DOWN WITH SADNESS AND DISAPPOINTMENT AND CONFUSION.
THIS IS A REMARKABLE JOURNEY, JOIN US ON IT WHY DON'T YOU.