Militia: How long does it take once a Candidate to become a full member, any ideas? From the progress we see it would appear it is at hand at any time now being that Iraq is fully on the way to becoming a full fledged market economy. Does it take having an internationally recognized currency in place and actively traded globally?
MBAGrad: Militia - I believe that Frank had stated that Iraq was on a "Accelerated" path to full membership in the WTO and that one of the requirements was that Iraq had to move away from its program rate to a valid currency rate.
As for how long it takes to become a full member under a "Accelerated" path, that's something that I don't know at the current time but Iraq must be off its program rate prior to becoming a full member of the WTO.
Hope that helps.
Cancel the auction Announcement No.(C153 )
CBI decided to cancel the auction No.(C153) for period (91) days which is supposed to be held in 16/8/2016, Because the system refused all bids which were submitted by participants.
Militia: Quote: "The IMF still has seven more things that they want Iraq to accomplish….I can tell you what they are…..but it is more important for you to understand that number one of the seven is corruption….it is under control for they know where every dollar is going now….but we need them to stop the auctions….number two…yet the auctions will only be decreased…..not fully stopped….it is a little hard for me to explain to you right now….they need the auctions to a degree….in order to function because they have no liquidity….and when the time is right the auctions will actually metamorphosis into bank platform transactions…..like most countries do….to raise their funds….besides selling bonds." ~ Frank 26
Jay: The only problem I have with this CBI statement is that they HAVE NOT stopped the auctions only lowered them. It does confuse me a bit.
Don961: The one we see and is posted each day Sunday thru Thursday is the currency auction .... Think what this refers to are bond auctions that have been stopped for 91 days
Dnari131: yup Don and IF I'm reading this CBI Bills Securities excel doc correctly, the cbi auction that began last august 8/12/15 matured yesterday 9/3/16 ...when you click on the excel sheet via the auction detaills link at the bottom of the page you'll see the cbi auction history http://www.cbi.iq/index.php?pid=CbiAuctions and if what they're saying is true it appears they are cancelling the next auction that's supposed to start 8/16/16...also it appears the last cancellation they had was Oct 2013 Acution #C95...might be off on this but how I see it from viewing this...fwiw
Aggiead77: Just an FYI....this particular auction is not the daily auction that we are used to watching and seeing....it is done on a quarterly basis....I believe it has been cancelled in the past once or twice based on lack of interest by bidders....what they auction here are bonds or something like a bond that has a 91 day maturity date. Aloha Randy
Don961: Again as I stated in my earlier post the oilprice.com article dated September 02, 2016 and Titled: Iraq And KRG Agree To Split Kirkuk Revenues 50/50 And Fight ISIS In Mosul.
The article was written by Zainab Calcuttawala and is most revealing of events.
Finally, an agreement between Baghdad and Erbil on Kirkuk and Mosul
Department: political scenePublished on: Today, 10:06Number of views: 542
BAGHDAD / Habib Marwan.
It reached the central governments and those in the Kurdistan region, a tentative agreement on a plan of action, including the strained relationship control, including the sharing of the oil city of Kirkuk, resources, and create an atmosphere for the upcoming battle of Mosul.
Agreement came after high-level meeting brought together the prime minister, "Haider al-Abadi," and his counterpart for the Kurdistan region, "Nechirvan Barzani," During the last week, as was stated by head of the Iraqi parliament, "Salim al-Jubouri," local agencies.
It is said that the agreement, the text on the participation of the oil resources of the source of Kirkuk, divided equally between the two sides, have also been organized to participate in upcoming battles of Mosul, to make sure not to get a conflict between the two sides during the fighting Daesh.
AdminBill: LATE EVENING REPORTS CONTINUES TO INDICATE POSITIVE MOVEMENT FOR THIS WEEK BUT COULD ALWAYS BE LATER. AGAIN I DO NOT BELIEVE BEFORE WEDNESDAY.
AminBill: LOOK FOR SYRIAN CEASE FIRE AGREEMENT TONIGHT/TOMORROW. COULD BE VERY IMPORTANT.....ADD TO THAT THE PARIS ACCORDS AND RECENT ACCOMPLISHMENTS IN IRAQ WITH LAWS
SunnysPlace: SO MANY THNGS ARE NOW COMING OUT IN THE OPEN. ITS ALL VERY GOOD FOR US..
Eccl519: The Libian Dinar is more than Iraqi Dinar! The Syrian Lira is worth more than IQD...look at the entire list and see the worthless countries that have money worth more than Iraq's money.
It doesn't take a World Economist to figure out that Iraq is on a program rate!!
This can be great encouragement if you let it. Iraq is about to explode
Humor-While we wait:
MOT:: A teacher told her young class to ask their parents for a family story with a moral at the end of it, and to return the next day to tell their stories.
In the classroom the next day, Joe gave his example first, "My dad is a farmer and we have chickens. One day we were taking lots of eggs to market in a basket on the front seat of the truck when we hit a big bump in the road; the basket fell off the seat and all the eggs broke. The moral of the story is not to put all your eggs in one basket.."
"Very good," said the teacher.
Next, Mary said, "We are farmers too. We had twenty eggs waiting to hatch, but when they did we only got ten chicks. The moral of this story is not to count your chickens before they're hatched.."
"Very good," said the teacher again, very pleased with the response so far.
Next it was Barney's turn to tell his story: "My dad told me this story about my Aunt Karen.... Aunt Karen was a flight engineer in the war and her plane got hit. She had to bail out over enemy territory and all she had was a bottle of whisky, a machine gun and a machete."
"Go on," said the teacher, intrigued.
"Aunt Karen drank the whisky on the way down to prepare herself; then she landed right in the middle of a hundred enemy soldiers. She killed seventy of them with the machine gun until she ran out of bullets. Then she killed twenty more with the machete till the blade broke. And then she killed the last ten with her bare hands."
"Good heavens," said the horrified teacher, "What did your father say was the moral of that frightening story?"
"Stay away from Aunt Karen when she's been drinking..."