Tuesday Night Chat with Millionday, RobinRedHed and Fresh:
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[millionday] Iraq has started to issue import licenses for traders that are meant to curb the smuggling of hard currency, a Trade Ministry official said. “The central bank will be able to recognize when it gives hard-currency transfers to a certain shipment and this shipment will be known to the central bank by its size, value and origin,” Sadiq Hussein, director general of the ministry’s Iraqi trade company for fairs and services, said at a press conference in Baghdad today. “Therefore, there will be no way to smuggle the currency.”
[ROBINREDHED] why would they need to smuggle worthless currency
[Tnt11] Great question red
[Mrs. Beans and Rice] ROBINREDHED millionday - yes, why would they care if it goes outside the borders? You can't use it out there.
[millionday] seems they are dying over it too
[millionday] brb with more
Read More Link on Right
[millionday] A security source in Nineveh Operations Command said Tuesday that five of the border guards were killed and others were wounded in clashes with armed smugglers on the border adjacent to Syria, west of Mosul. The source said in an interview with "Shafaq News” that "The armed smugglers were heading towards Sinjar district of Iraq-Syria border west of Mosul and they clashed with troops from the border guards that resulted the death of two guards and the injury of three others." The source, who asked not to be named, said that, "The armed smugglers fled after clashing with border guards while the army troops cordoned off the scene in search of them."
[millionday] In a time when President Jalal Talabani said Iraq will cross the current problems through national dialogue, he saw each of the coalition of state law and the Kurdistan Alliance, the return of President of the Republic prospective home will contribute to easing the political crisis. And the transfer of a presidential statement received "morning," a copy of it, the source of medical facilities for Talabani at his treatment in Germany confirmed that the health status of Excellent President of the Republic after the success of surgery of the knee joint. The source explained that the President moved yesterday (Monday) to the Survey of physiotherapy in a suburb of the German capital Berlin, and after doctors confirmed the full success of the process of replacing the knee joint, which made him, and that track is usually a period of physical therapy and exercise, where the President continues now period of convalescence and exercising, under the supervision of medical staff in charge.
[millionday] Told the Kurdish source "Center Brief for the Iraqi Media Network" on Saturday that the president will return to the home during the next few days, noting that "the President of the Republic may call after his return to a broad national meeting, especially as the political crisis calmed down and started talking about reform, rather than other options Tazm positions. " He pointed out that laboratory testing and analysis conducted in the previous period in the hospital showed that all the normal physical functioning and there is no departure from the average in any of the indicators. The statement stressed that the president will leave the sanatorium physical therapy after the completion of these treatments and exercise necessary for preparing then to return to the country. The statement noted that Talabani had received many ministers and members of the House of Representatives and the political leaders and discussed with them in the current situation,
[millionday] where following the President of the Republic in detailed and accurate developments and events in the country, expressing his strong and confident that Iraq will cross the current problems through national dialogue and sincere construction high sense of responsibility to the people by all. In the meantime, he saw each of the coalition of state law and the Kurdistan Alliance, the return of President Jalal Talabani to the home will contribute to a breakthrough in the political crisis. The MP said the coalition of state law, Khalid al-Asadi's "Center Brief for the Iraqi Media Network": that "the presence of President of the Republic to achieve momentum and strong support for the atmosphere of dialogue and help in the success of the reform project, which adopted the National Alliance and on this basis form a committee for this purpose."
[millionday] so he expects to resolve it all when he returns and he is simply having physical therapy -- not all this rediculas rumors that have been passed around -- he will be back and will be doing his exercise for his knees at home and is expected to have the national meeting when he
[millionday] the rest of the rumors are just that --- silly stuff
[millionday] brb with more
[Fresh] millionday I have something to share!
[millionday] the Iraqi Trade Ministry announced Tuesday, imposed on all goods leave the import and goods entering the country through border crossings and airports, saying it exempted import State for three months until a formula. The Director of the Iraqi State company for fairs and responsible for granting import permits Sadiq Hussein during a press conference in Baghdad that "we started working with input material and goods to Iraq to leave since July, and this restriction was limited to some agricultural, food and oil products and chemicals. Hussein said that "what is new is the inclusion of all articles, and leave the import target to prevent regulatory and statistical random import and enter non-conforming materials."
[millionday] Fresh let me finish this one and then lets have it hun ---
[millionday] "There will be emphasis on the entry and choose the most appropriate materials and finest", referring to "create a follow-up observation points for applications and procedures". Hussein said that "there will be prevented to enter any goods do not carry import leave, we are working to overcome all obstacles to traders away from administrative routine". He said that "the problem of Government emerged, we addressed the import agencies defer to government sector coverage under the leave beyond the end of this year, but until now we did not respond, we issued a provisional decision to exempt Government import for 3 months of leave, and let us know the import value by allowing him".
[millionday] so now they are ready to license all imports -- very cool step we have been waiting on
[millionday] alright fresh -- lets have what you have hun
[ROBINREDHED] millionday did we know we were waiting on this?
[millionday] i told someone -- probably forgot lol
[millionday] that my friend is customs
[jimplants] does this mean no tarriff for 3 months?
[anthonlcs] millionday Is licensing all imports a connection to tariffs
[millionday] so implementation is not just ink -- there it is in licenses
[millionday] customs -- now the taxation does not have to be applied for various reasons -- holiday -- atracting international trade -- trade agreements ect
[anthonlcs] millionday So that is saying that the tariffs are implemented
[millionday] but the law of customs is what we see is important -- because that is the law of trade ofr the country
[millionday] tariff is a tax that will be due in the next quarter for the company that signed a trade agreement
[millionday] customs is what appoints the license for the trade --- very cool
[millionday] fresh --- are you here
[millionday] did you say you wanted to bring something
[anthonlcs] millionday So tariffs are implemented but not in effect till next quarter...law of customs is granting licenses to import goods that will have tariffs on the goods when they bring the product in...Am I on the right line of thinking?
[millionday] anthonlcs when a company has a tax from trade -- it is due at the end of the quarter hun
[millionday] they pay tariff tax as agreed but it is accounted in their quarter reports and their yearly reports and debts
[anthonlcs] millionday ty I dont want to ask anymore dumb questions!
[millionday] there are no ddumb questions hun
[millionday] i am glad you ask --
[cornsnake64] millionday one more step closer??
[BobbyJ] millionday so customs law and tariffs are two separate issues? correct? and if they are have the tariffs been implemented? i keep see conflicting articles
[millionday] yes one more step and verification that they are moving toward global trade
[BobbyJ] for the latter. thank you
[Fresh] I was watching CNN with Wolf Blitzer because brett123 called me and let me know they had an upcoming segment on Iraq centered around $$$...
[Fresh] I recorded it and what they talked about is the need for Iraqi's to step up - they have huge budget surpluses from their oil revenues and we don't need to be supplying over $1billion in foreign aid every year to them
[millionday] tariff taxation is part of the customs law for each country but is described as a percentage and an agreement for each country and their trade agreement with the country in question
[Fresh] sorry I had a phone call come in and had to step away for a second - we have bad weather in our area and family is warning me!
[anthonlcs] IMF on CNN
[millionday] thank you fresh -- actually i have something here on the budget as well and would like to add that the 2013 budget is written completely in the new rate
[millionday] The cabinet also approved yesterday the supplementary budget for 2012 for a total of 10 trillion and 875 billion dinars. Announced the government spokesman, Ali al-Dabbagh said in a statement issued by his press office yesterday that "the Council of Ministers devoted its yesterday to discuss the supplementary budget, which was distributed on the priorities necessary for the needs of the Iraqi state, including Trliuna dinars for projects of the Ministry of electricity and 1.4 trillion for the ration card, and trillion dinars Kt_khasasat of the Ministry of defense and the amount of 830 billion dinars compensation the war with Kuwait. "Dabbagh said that" the supplementary budget has allocated 40 thousand degrees and careers as a need instant, of which 24 thousand degrees to the ministries of defense and interior, while the distributed scores of other ministries and state bodies to install with contracts. "
[Fresh] They also mentioned how they had a closed door congressional meeting in the last week about this situation in Iraq... so it seems this is front and center - Iraq starting to pony up money - and clearly we know there is a back story to this that could satisfy the USA
[millionday] However, he stressed that "the supplementary budget requires the approval and adoption by the House of Representatives." The Finance Committee of the House of Representatives has announced the approach the government to release 40 000 degrees and careers after the first of next July, as he said, a member of the Committee Deputy Secretary Hadi in a statement the "Center Brief for the Iraqi Media Network": "The launch of these grades will be according to what installed in the general budget for the current year. "
[anthonlcs] How did they get from 100 billion to 10 Trillion
[jimplants] ok you said completely written in the NEW rate
[millionday] so this is the budget that robin and i were talking about that one day of how they moved the left over from 2011 contracts over and the suplementary amounts
[wheresmyRV?] Any idea when they are going to release the 2013 budget?
[millionday] remember robin how the report was saying they transfered over what was owed and they blended it with the new budget
[millionday] they have completed it and as soon as i get my hands on it -- i will bring it -- i know they finished it in april
[millionday] brb with more
[ROBINREDHED] millionday YUP
[millionday] Washington, DC Tuesday, July 3, 2012 IMF Managing Director Christine Lagarde says the U.S. economic recovery remains tepid and faces two major downside risks; the European debt crisis and the end of the year fiscal cliff. Lagarde delivered the concluding statement for the IMF’s annual U.S. economic outlook report Tuesday. She says the IMF’s recommendation is fiscal consolidation but it needs to be sensible and not excessive.Failure to solve fiscal issues will result in slowed economic growth and global spillover effects, Largarde warned decision delays in solving fiscal crisis & debt ceiling will only hurt economic growth and produce spillover effects to the rest of the world. Updated: 3 hr., 35 min. ago
[deaconfuzz] we can solve fiscal issues by pushing Iraq to RV
[millionday] this is about the next parliament meeting
[millionday] Economy and Investment Committee said about coming parliamentary group recommendations or decisions to amend Iraqi investment law ... She is a member of the Committee and Attorney for the Iraqi list of Nora albegari/JD/Committee reached with set up investment and the private sector to set recommendations or decisions to amend Iraqi investment law. ". Member of the Committee noted the economic and investment
[millionday] they are changing the investment laws during this next one -- the national alliance has completed their papers for resolve -- this is the last one to complete everyones papers from every party in preperation for talabani return
[millionday] so the economic news is simply that the laws that are changing for investment are being changed and voted through for the next session
[deaconfuzz] when is Talabani returning?
[millionday] the customs law is obviously in place and licensing has begun for all importers -- very good news to see trade moving
[millionday] couple days so probably thursday
[millionday] he is expected back by thursday session
[anthonlcs] millionday Next session is the 10th of July
[millionday] robin has had a very hard return trip so lets call it done and let her rest
[letsroll] millionday ... hello,, would the budget written in the "new rate" mean it is showing less Dinar resulting from a higher value ??
[millionday] we have seen already what is important to us and we are waiting for the next session
[anthonlcs] millionday Is the next seesion on the 10th?
[onthewings] millionday so will we have an anouncement of the National Meeting soon ?
[millionday] they said july 10th but -- they are meeting non stop so -- we shall see -- i would assume all laws will be out to the books on that date
[anthonlcs] millionday ty
[cornsnake64] millionday u da bomb ty
[millionday] yes we will have the announcement of the national meeti8ng soon -- they are ready now
[onthewings] millionday wooooohooooo !
[deaconfuzz] millionday did NA finish their paper?
[millionday] thank you robin -- so glad you are back !! get some rest my friend
[jimplants] a roundtable tomorrow?
[millionday] yes na finished