Post From Dinar Updates
Chat Room Excerpts & Highlights
RCookie & Mr White News Time 6-26-16 Part 1 of 3
Hutch says():WELCOME TO NEWSTIME !
Hutch says():WE HAVE A BUNCH OF NEWS TO COVER TONIGHT !
Hutch says():GOOD EVENING MR WHITE AND RCOOKIE ! WHATS ON YOUR PLATE FOR TONIGHT ?
rcookie says():OK....THERE IS A LOT GOING ON...SO WILL TRY TO COVER AS MUCH AS POSSIBLE AND GET TO YOUR QUESTIONS...
rcookie says():The head of the Business Council, that " the implementation of this mechanism began as of today, by sending Treasury bills of exchange to the central bank, and prepared in advance by the Ministry of Planning , " noting that "some of the ministries and provinces did not send, so far, coupes entitlements Contractors to The Ministry of Planning".
He pointed Zayer, to the importance of the "Send those disclosures as soon as possible, and otherwise, those provinces and ministries are bear the responsibility for delaying dues contractors exchange , " revealing that " the $ 5 trillion dinars and who will pay for contractors in accordance with the repayment of government mechanism, will include four thousands of a project depends registered with The Ministry of Planning".
He was a member of the Committee on the economy and investment representative, announced on Saturday (June 15, 2016), providing financial liquidity in the government banks to pay the dues of contractors by 40%, as he emphasized that the remainder of the dues will be launched after the completion of the audit of projects by the Office of Financial Supervision.
The Council of Ministers, approved in the (14 June 2016), the launch of dues contractors by 50% of the total dues down first, and to report the implementation of the first chapter of the general budget in 2016 for the House of Representatives.
The Council of Ministers decided (19 April 2016) the formation of a committee headed by Minister of Planning and the membership of the governor of the Iraqi Central Bank and economic advisor to the Prime Minister and Financial Advisor to the Prime Minister and the Undersecretary of the Ministry of Finance, Undersecretary of Technical Planning, holds the structure and controls the completion of the distribution of Contractors benefits the process of setting through government bonds, and submit its recommendations to the Prime Minister for approval within a week.
Read More : http://www.dinarupdates.com/showthread.php?36329-7-6-trillion-dinars-dues-payable-for-four-thousand-project-and-expectations-for-payme
rcookie says():SO HERE WE SEE THE BONDS FOR CONTRACTORS GOING OUT TO PROVINCES FOR STALLED PROJECTS AND DUES OWED CONTRACTORS TOTALING 7.6 TRILLION WITH ALL PAYBACK COMPLETED BY 2017 AND INVOLVES MORE THAN 4000 PROJECTS....
rcookie says):THIS SHOULD ENGAGE SOME OF THE ACTION FOR COMPLETION OF THESE STALLED PROJECTS AND INCENTIVIZE MORE CONFIDENCE AND ACTIVITY IN THE INVESTMENT PROCESS JUST AS THE PAYMENT OF OIL DUES YIELDED IMMEDIATE RESULTS WITH BOTH PRODUCTION AND INVESTMENT COMMITMENTS FROM THE OIL COMPANIES.....
rcookie says():AMAZING HOW MUCH THE $$$$ ACTS AS AN INCETIVE AND DRIVER...
rcookie says():SALEH MADE COMMENT IN SEPARATE INTERVIEW TODAY THAT “THIS MOVE WILL STRENGTHEN BRIDGES OF TRUST BETWEEN GOI AND PRIVATE SECTOR AND ACTIVATE THE ECONOMIC CYCLE” AND ADDRESS ECONOMIC RECESSION...
Hutch says():EVERYONE SHOWS UP ON PAYDAY !!!!
rcookie says to Hutch():YES THEY DO...WITH BELLS ON!!
rcookie says to wmawhite():YOUR THOUGHTS MR WHITE....
wmawhite says():It is amazing what happens when that money starts getting in to the economy.......
wmawhite says to rcookie():do you have the estimate on how much those projects are?
rcookie says():AGREED.....AND THINK ABOUT THIS ANNOUNCEMENT IN TERMS OF THE BANKS STARTING TO ACTIVATE FUNDING ON THESE CUED UP PROJECTS
wmawhite says to rcookie():you mean the head of those banks that were sitting on those funds that Abadi kicked to the streets?
rcookie says():NOT THE DOLLAR VALUE FOR THOSE 4000 SPECIFIC PROJECTS...BUT THE OVERALL NDP IS 400 BILLION..
rcookie says():YES SIR....AND THE ANNOUNCEMENTS YESTERDAY WITH THE REPLACEMENTS NAMED FOR RAFIDAIN & RASHEED COMING RIGHT OUT OF THE BOX WITH STATEMENTS THAT THESE DEVELOPMENT FUNDS ARE THEIR NUMBER 1 PRIORITY!!!...
Hutch says():GREAT POINTS !!!! ANY QUESTIONS OR COMMENTS ?
jimplants says to angus():money moving
rcookie says():THERE WILL BE IMMEDIATE CONFIDENCE AND RETURNS IN GETTING ARREARS TOWARDS THESE PROJECTS PAID!!...
Hutch says():JIM MAKES A GREAT POINT MONEY MOVING MOTIVATES OTHERS AS WELL
rcookie says to jimplants():YES SIR....FLOWING AND UNLEASH THE BEAST!
Hutch says to david334():HI DAVID GO
david334 says():bank bonds not GOI for contractrs
jimplants says():and with the announcement of fallaha cleared its contract time
daytrader says to rcookie():The more people that touch that money, the bigger the impact on their economy.
rcookie says():AS INITIATION OF ADRESSMENT OF ARREARS TO STALLED PROJECTS
rcookie says to daytrader():GREAT POINT.........VELOCITY!!!
rcookie says():COMPREHENSIVE ENGAGEMENT TO DRIVE ECONOMIC REALITY...
Hutch says():ALL GREAT POINTS ! ANY OTHER QUESTIONS OR COMMENTS ?
rcookie says():AND ALL...ONCE AGAIN COMPLETELY APPROPRIATED IN THE 100% EXECUTABLE 2016 BUDGET,,,
wmawhite says():Kurdistan announced today that the region now has electricity 80% of the day.
rcookie says():WOOOO HOOO!!..
daytrader says to wmawhite():Outstanding.
rcookie says():THEY'RE GETTING THERE....I HAVE SOME OTHER NEWS ON CORE SERVICES AS WELL..
Hutch says to wmawhite():HOLY SMOKES THATS MOST OF THE DAY ! AC IS RUNNING !!!
rcookie says to Hutch():AND SO IS THE TAX METER!!!!
Hutch says to rcookie():EXCELLENT POINT !
daytrader says to rcookie():As mandated by the IMF
Hutch says to rcookie():WHATS NEXT RCOOKIE?
rcookie says():OK HERE WE GO....
rcookie says():Turan: The federal court's decisions are binding and not the degree of challenge
The number of visits: 1741 Published on: 26/6/2016, 23:07 Published by: Messenger of Delphi
Turan: The federal court's decisions are binding and not the degree of challenge
Legal Committee of the House of Representatives considers, on Sunday, that the Federal Court decisions on the legality of the two sessions of Parliament in April are binding and not the degree of appeal.
Said committee member Hassan Turan, in a press statement: "We hope that the court will issue its final decision on 28 of this month, especially as its decisions are binding and not the degree of challenge and hence the decision will be final and can not any of the parties to resume the call."
He added, "We also hope that the decision of 28 with the beginning of the legislative term opportunity for the resumption of meetings of the Council."
rcookie says():SO THIS IS A STATUS UPDATE FROM LEGAL COMMITTEEE MP TURAN AS TO FERERAL COURT RULING ON 2 SESSION LAWSUITS....
IMPORTANT TO NOTE CONFIRMATION OF THE DATE AGAIN ON 28TH WHICH IS TUESDAY AND CONFIRMS THE REPORT YESTERDAY OF THE RECEIPT OF THE FINAL DRAFT OF THE SUIT TO THE PREPARER TODAY...
rcookie says():MORE IMPORTANTLY IT IS PUTTING IN INK THAT THERE IS NO FURTHER APPELATE RELIEF OPPORTUNITY FOR THIS RULING
wmawhite says():Be ready to read and weep...
rcookie says to wmawhite():EXACTLY...THEY STALLED WHEN THE PREVIOUS EXPERT PANEL LEAKED FINDINGS...AND DEMANDED NEE PANEL.....THIS IS IT BOYS!!!...
Hutch says to pacella():pacella: does anyone no how much they raised the taxes"
david334 says():Icome tax?
pacella says():thank you
rcookie says():WE ARE BRINGING TARIFFS IN A FEW....BUT NO...THEEY HAVE NOT RELEASED NUMBERS YET THAT I HAVE SEEN....LOOKING FOR IT..
david334 says():No i am fine
Idahojon says():Thought the tariffs went into effect on the 25th?
rcookie says():INCOME TAX (PAYROLL TAX) WILL BE ADDRESSED IN 2016 BUDGET LAW REWRITE THAT THE IMF IS AWAITING FOR SBA FUNDS DISBURSEMENT...
wmawhite says():They did
Idahojon says():Mr White thank you
Hutch says to Idahojon():MORE ON THAT IN A BIT