RCookie THE BUDGET AND ITS CONTENT WERE ONLY PART OF THE NEWS FROM LAST NIGHT...IN INK...
TARIFFS & TAXES LAUNCHED..
SMART CARDS (MOXIBUSTION CARDS) FOR IMPORT/EXPORT SINGLE WINDOW LAUNCHED...
BUDGET POSTED (REVISED) WITH T&T AND STATEMENT OF POSTING IN GAZETTE...
ELECTRONIC MECHANISMS FOR INTER COMMUNICATIONS BETWEEN ALL BORDER CHECKPOINTS...
COMPLETE BREAKDOWN OF BUDGET LAST NIGHT ...
MAJOR CHANGE IN CBI LAW & POLICY...
ARTICLE 26 WITH CBI ABLE TO LEND DIRECTLY TO GOI...
ALL LOANS FOR IRAQ...WB..IMF...ISLAMIC BANKS..COMMERCIAL BANKS...JICA
JAPANESE LOAN...AND MANY MORE ALL ACCOUNTED FOR IN BUDGET.
THE BUDGET IS IN 100% CONFORMITY WITH IMF & WB MANDATES AND EVERYTHING IS THERE INCLUDING KURDS 17%...PESHMERGA 3%...OIL AGREEMENT PARTICULARS
Firefly You folks still trying to figure out the rate? I GUARANTEE IT WON'T BE 5 CENTS...OR 1:1. 1:1 isn't going to work.
I don't do rates but anything less than pre- war makes absolutely no sense to me just IMO.
Those are the only REAL numbers that have been in print... IMO...We are at the end now...From what I am being told by many people.
IMO they have run out of time...
Mobious: new world economics = No Pay, No Play ....... CREDIT is dead
Harambe: Crude oil prices fall as much as 20 percent since beginning of the year http://www.cnbc.com/id/103296411
Four2atous: The real news is in China= http://www.bloomberg.com/news/articles/2016-01-11/hong-kong-yuan-interbank-rate-rises-by-record-to-all-time-high
Four2atous: China's yuan spikes higher, but stocks tumble= http://www.reuters.com/article/us-china-markets-idUSKCN0UP04220160112
This is a III parter= Basel Accord An agreement on international banking regulations dealing with how banks handle risk. The Basel Accord focuses mainly on credit risk; it divides banks' assets into five categories according to how risky they are. The five categories are assets with no risk, 10% risk, 20%, 50% and 100%. All banks conducting international transactions are required under the Basel Accord to hold assets with no more than 8% aggregated risk.
Part II The Accord was promulgated in 1988.Banks in most G-10 countries have implemented it since the early 1990s. It is now considered largely outdated and is in the process of being replaced by Basel II. It is also called Basel I.
Part III OK all of that being said.....Zimbabwe mining is THE asset on which they are justifying their evaluation......now what?= http://www.zimdaily.com/?p=42034
KTFA Monday Night Conference Call
Approx. 99 minutes long
The first part is Business Promo and the second part is Dinar/Iraq Intel
PLAYBACK # : 641.715.3639 PIN: 156996#
Walkingstick: Parliamentary Finance: duties, taxes and customs, and the state leases represent 20% of the budget
Economy and Tenders Since 01/12/2016 14:29 pm (Baghdad time)
Special - scales News
Said the Finance Committee in the House of Representatives member Hossam punitive, Tuesday, on the need to activate the collection of fees and taxes in the joints of the country and the collection of rents in the state fair, noting that the collection of this money will solve 20% of the budget.
He said the punitive L / scales News /, "The government should think of serious solutions down fiscal revenue because of falling oil prices in the global market," pointing out that "this crisis real with the escalation of increased production and export of oil, due to oversupply on the one hand and oil policies intended by some countries, including Saudi Arabia. "
He stressed "the need to deal with this crisis as a real government and people of the crisis," pointing to "the need for attention to the collection and the collection of all non-oil revenues, through the activation of the customs tariff, and the emphasis on taxes, fees, and rents for the state, and all what is in the interest of the treasury of the Federal State , and this accounts for 20%, which is registered in the budget of 15%, but if these conditions obtained the 20% will replace us. "
Oil is the main source of income for the budget in Iraq, as revenues constitute approximately 90% of the total financial budget.
But the drop in oil prices led to a significant budget deficit in the country, prompting the government to increase production in order to reduce the deficit, external borrowing, which always warns him supreme religious authority and economic experts.
While government officials calling for diversifying sources of income and activation of agricultural and industrial production sectors and Alzeraib, fees and customs, rather than relying on oil.
He revealed to the economic and investment commission in parliament member Ahmad Kanani, L / scales News /, the existence of corruption in the collection of fees and taxes process, stressing the need to develop new ways to collect funds and private land ports. / Ended 29 n / 10
http://www.mawazin.net/%D8%A7%D9%84%D9% ... 9%86%D8%A9
Megameallionear: BEWARE..............LIKELY POST RV EXPERIENCE
A rapper exiting an Atlanta bank, found himself in handcuffs and on the ground with guns pointed at his head after police stopped him for making a substantial withdrawal from his account, the Atlanta Journal-Constitution is reporting.
According to Sam Benson — who goes by the stage name of “Blac Youngsta” — he had just exited a Wells Fargo branch in the upscale community of Buckhead after withdrawing $200,000 in order to buy a new car.
“I come out the bank, I see the police, I’m walking to my car, I see one of them point to my bag like ‘him,’” explained the rapper. “They come bum-rushing me at the car, put me on the ground, putting guns to my head.”
“I’m like ‘What I’d do,’” Benson continued. “A lady was like I’m not supposed to have $200,000 on me. I’m like, ‘I’m a millionaire. How can I not have $200,000 on me?’”
Benson was signed last year to the Collective Music Group label founded by rapper Yo Gotti.
A spokesperson for the Atlanta police department explained that they were responding to a call “at the request of the bank manager” before finding “that no crime had been committed.”
According to the rapper, he intended on using the money to buy a new Mercedes, stating, “Where I come from,we don’t believe in taking checks to the car lot. We take cash money.”
On Facebook, Benson posted a picture of himself in handcuffs and on the ground — surrounded by laughing police officers.
PLEASE DO BE SMART...
DON'T WITHDRAW MORE THAN $9,999 AFTER YOUR EXCHANGE.
DON'T DRAW UNNECESSARY ATTENTION TO YOURSELF.
DON'T BREAK THE BANK COS' YOU FEEL LIKE A MILLIONAIRE.
KEEP IT SIMPLE.
THERE ARE BETTER WAYS TO MOVE MONEY AROUND!
DO IT THE S.M.A.R.T. WAY, NOT THE RAPPER WAY!!! IMHO.