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Wealthwatch Monday Afternoon OOTW Chat 1-12-16 Part 2 of 2
OOTW: SO, THE CORE BASIS OF THE PRIVATE SECTOR, GETS DOWN TO TRANSPORTATION
OOTW: WE HAVE A NOTICE FROM PM ABADI THAT THE PRIVATE SECTOR PLAN WILL BE IMPLEMENTED (AS WE'VE SEEN THERE HAS BEEN A STRUGGLE TO GET THE PRIVATE SECTOR LAUNCHED -
MANY IN POWER HAVE BEEN IN OPPOSITION - AS IT SEEMS THEY WANT TO KEEP THE COUNTRY "DOWN")
OOTW: AND THE MINISTRY OF TRANSPORT IS SAYING WE'RE GETTING READY TO GO INTERNATIONAL
OOTW: AND THEN , AS WE KNOW, THE HEAD OF THE CBI (MOHSEN) IS BEING PUBLICLY CRITICIZED ABOUT MONETARY POLICY WHICH HAS BEEN NEGATIVELY IMPACTING UPON CITIZENS AND ALLOWING CORRUPTION TO CONTINUE THROUGH THE AUCTIONS/SALE OF THE DOLLAR
OOTW: WE HAVE ALSO SEEN NEW ANNOUNCEMENTS FROM THE INTEGRITY COMMISSION STATING THAT THEY HAVE SET UP AN ELECTRONIC SYSTEM FOR FILING COMPLAINTS (REPORTING CORRUPTION)
OOTW: TODAY THE SUPREME JUDICIARY PUT OUT A PRESS RELEASE (HOPING THIS IS NOT JUST LIP SERVICE,
HOWEVER, I DO THINK THAT THERE IS SOME LEVEL OF FEAR IN THE JUDICIARY PROMOTING THEM TO ACT , OR BE SEEN TO BE ACTING, IN FAVOR OF THE PUBLIC - ESP WITH CLOSE APPROVAL OF THE FED COURT ACT)
OOTW: STATING HOW THEY'RE GOING TO ADDRESS CORRUPTION
OOTW: HERE ARE SOME SECTIONS FROM THIS PRESS RELEASE FROM THE JUDICIARY - AGAIN, IN THIS WEEK'S GOVT THREAD
OOTW: Decisions taken by the Supreme Judicial Council, which first held on 11 1 2016 in order to continue the development of the process of eliminating the federal judiciary adopted to achieve the ultimate goal of which is to secure a prompt justice and protection of human rights. First :-
OOTW: 1. activating the role of public prosecutors in criminal cases in the follow-up investigation and trial League, especially in cases related to terrorism and integrity and coordination with the judges and the Integrity Commission and stakeholders to resolve such cases in accordance with law.
OOTW: (AGAIN - THE INTEGRITY COMMISSION HAS BEEN ACTIVELY WORKING TO ROOT OUT CORRUPTION SINCE ABADI'S PLACEMENT AS PM)
OOTW: THE CORRUPTION SITUATION IN IRAQ HAS NOW COME TO A HEAD AND THE SJC HAS HAD CONSTANT PRESSURE TO ACT AGAINST CORRUPTION AND THE DEMONSTRATIONS CONTINUE....GOOD!
OOTW: 3. submit a monthly report to the provisions of (1 and 2) above to the Supreme Judicial Council and the presidency of the Public Prosecution. 4. Follow-up Files Recovery in coordination with the foreign and interior ministries to retrieve the convicts and fugitives outside Iraq, particularly on issues of integrity and terrorism.
OOTW: REMEMBER THEY SET UP A "SPECIAL COURT" TO TRY CORRUPT OFFICIALS - TO KEEP THEM AWAY (OR ATTEMPT TO) FROM THE EYES OF THE PRESS
OOTW: Fourth: - And integrity issues should be specialized courts cooperation with the consulting legal claim the presidency in the year in which proportions of the Supreme Judicial Council on 01.03.2016 to follow up issues relating to integrity in order to be completed in cooperation with the concerned authorities.
OOTW: **NOTE THERE ARE MANY ASPECTS IN THIS PRESS RELEASE ADDRESSING PROTECTION OF MINORS, THEIR RIGHT TO EDUCATION ETC...ALL VERY GOOD
OOTW: CONTINUING ON....
OOTW: THE REST OF THE PRESS RELEASE ADDRESSES TRANSPARENCY AND MAKING ALL DECISIONS AVAILABLE TO ANY WHO WISH TO VIEW THEM
OOTW: THEN WE HAVE ANOTHER ANNOUNCEMENT ABOUT THE SJC OVERSEEING THE WORK OF THE PRESS....RUH ROH ...LOL
OOTW: IN YESTERDAY'S REPORT I SHOWED YOU AN ARTICLE REGARDING THE AUCTIONS AND HOW THE GOI WANTS TO GAIN CONTROLS OVER THE AUCTIONS
OOTW: BECAUSE THE CORRUPTION CONTINUES
OOTW: TODAY THE MARKET RATE (VARIED REPORTS) IS BETWEEN 1239 AND 1241
OOTW: EVEN CONSIDERING THE ISSUE OF MAKING CHANGE VIA DINAR IN THE MARKET PLACE...HOW CAN PEOPLE AFFORD TO PAY THIS HUGE SPREAD - WHY NOT JUST USE DINAR TO BUY GOODS?
OOTW: BECAUSE (IN PART) THIS IS STILL A VEHICLE USED BY MP'S AND THOSE IN POWER (REMEMBER MP'S ARE ALSO REPORTED TO HAVE OWNERSHIP IN BANKS) TO PROFIT
OOTW: THIS SITUATION IS DEFINITELY ESCALATING
OOTW: I WANT TO POINT OUT, AS I MAY HAVE NEGLECTED TO DO SO YESTERDAY - THAT THE GOI DOES HAVE A SAY SO AS TO WHO SITS ON THE CBI BOARD
OOTW: OF DIRECTORS
OOTW: ONE ARTICLE IN THE FORUM QUOTES SALEH AS HAVING SAID THAT WHILE THE GOI CANNOT ISSUE MONETARY POLICY, THEY CAN AMEND THE BANKING LAW - BECAUSE IT IS NOT INSTILLED IN THE CONSTITUTION
OOTW: (THE PROTECTION OF, NOR THE VERBIAGE OF)
OOTW: (THE LAW)
OOTW: I DON'T THINK SALEH (ABADI'S RIGHT HAND MAN) IS GOING TO BACK DOWN ON THIS UNTIL THE CBI GETS THEIR ACT TOGETHER..THIS IS HURTING PEOPLE (NOT TO MENTION THE ECONOMY)
AND ARTICLES HAVE STATED, OVER AND OVER, THAT THE GOI HAS TO GET ECONOMIC AND MONETARY PRACTICES IN ORDER, AS PART CONDITION OF THE IMF LOAN
OOTW: THIS IS ALSO WHY THE MINISTRY OF TRANSPORT IS PREPARING THE IRAQI PORTS AND ALL DIVISIONS OF TRANSPORTATION TO EXPORT GOODS
OOTW: (IMPORT AS WELL)
OOTW: I AM A NOVICE AT ECONOMICS,..AND I STATE THIS AGAIN....MOST COUNTRIES ECONOMISTS STATE THAT TO SPARK GROWTH IN EXPORTING, THE VALUE OF A CURRENCY NEEDS TO COME DOWN, IN ORDER TO GET OTHER COUNTRIES ABLE TO AFFORD THE GOODS COMING FROM (IN THIS CASE, IRAQ) OTHER COUNTRIES - TO MAKE IT AFFORDABLE FOR THE PEOPLE TO AFFORD THEM
OOTW: SO...THE STUDY OF THE DINAR EXCHANGE RATE IS STILL CONTINUING AND WE AWAIT A RESULT - WHICH I DO BELIEVE, WE WILL (RELATIVELY) SOON SEE
OOTW: NO INSTITUTION IN IRAQ (MINISTRY OR OTHERWISE) IS AN ISLAND
OOTW: THIS IS ALL COMING TOGETHER - ALL THE PARTS ARE WORKING IN CONCERT - AND YES, WE STILL HAVE AN ISSUE WITH DAASH - THE REPORTS VARY ON HOW MUCH INFLUENCE DAASH TRULY HAS ON THE ECONOMIC/CURRENCY/MONETARY SITUATION IN THE COUNTRY
OOTW: I THINK IT WILL BE YEARS BEFORE WE KNOW THE TRUTH OF THE SITUATION
OOTW: BUTIFLDRM POSTED AN ARTICLE YESTERDAY WHICH DISCUSSED MILITARY OPERATIONS WHICH INTERCEPTED A GREAT DEAL OF MONEY IN MOSUL - TAKEN FROM DAASH
OOTW: ANYTHING TO DO WITH ECONOMICS CAN TEND TO SEEM DARK - SO MUCH GREED AND CORRUPTION THROUGHOUT THE GLOBE - I HOPE THAT I HAVE SHOWN YOU THAT IRAQ TRULY IS MAKING AN EFFORT TO BUILD WEALTH FOR THE COUNTRY AND HER PEOPLES - APART FROM THE EVER WANING OIL MARKET
OOTW: THESE MOVEMENTS ARE WHAT WE WANT TO SEE....THERE'S STILL DARKNESS IN THE IRAQI POLITICAL SITUATION BUT THE SLC IS NOW BEING CALLED OUT
OOTW: PATIENCE EVERYONE
OOTW: YOU HAVE TO EXPOSE THE DARKNESS TO GET RESOLUTION
OOTW: AND IRAQ IS TRYING
OOTW: BUTIFLDRM JUST SENT ME A MESSAGE RE THE AUCTIONS AND THE HIGH SELL RATE (MARKET RATE)
OOTW: ": I'm pretty sure this has to do with the lawsuits against the banks and trading companies"
OOTW: "Even though auctions are higher they must be limiting the banks that sell"
OOTW: SO PERHAPS THEY ARE TRYING TO GAIN THE SAME AMOUNT OF INCOME FROM SELLING THE DOLLAR, BY HIKING UP THE MARKET RATE - BECAUSE THE AMOUNT OF BANKS SELLING HAS REDUCED...STILL TRYING TO BRING IN THE SAME OR SIMILAR AMOUNTS OF PROFIT
OOTW: THAT'S JUST ONE (MY) THOUGHTS
OOTW: ALSO - THE MINISTRY OF TRANSPORTS PRESS RELEASE IS STATING THAT BY GETTING THE EXPORTS AND IMPORTS GOING, BY IMPROVING THE PORTS CONDITIONS -
WILL GENERATE REVENUE THROUGH THE TARIFFS...UHHHH...ONE VERY KEY ASPECT I FORGOT TO ADDRESS
I WILL POST THIS CHAT IN THE FORUM AND SEND OUT A MASS EMAIL TO OUR MEMBERS WITH THE LINK (OOTW)
OOTW: I HAVE TO ADD SOMETHING...TY TOOTSIE! Iraq Trade Policy Analysis WorkshopJanuary 19, 2016 - January 22, 2016CLDP, in close coordination with the Office of Trade Negotiations and Analysis (OTNA), will hold a workshop in Washington, DC, on January 19-22, 2015 for eleven Iraqi officials from the Ministry of Trade to build capacity in Iraq’s Trade Policy Office (TPO).
The workshop is held in response to a request for technical assistance from the Iraq Ministry of Trade, made in the context of the U.S.-Iraq Trade and Investment Framework Agreement bilateral talks held in March of 2014.
The objective of the program is to build the capacity of the staff of the TPO so that, at a time when trade policy is critical for Iraq, Iraq’s policymakers can make decisions based upon thorough analysis and informed guidance by the TPO
OOTW: NEWS FLASH - NEW GAZETTE PUBLICATION AT THE MINISTRY OF JUSTICE SITE
OOTW: ALSO PLEASE SEE THIS THREAD FOR TODAY'S CHAT
[OOTW: THESE ARE JUST A FEW OF THE ISSUED LAWS
OOTW: 1. the ratification of trade cooperation between the Government of the Republic of Iraq Convention on the Law And the Government of the State of Kuwait. 2. Act to amend the Income Tax Act No. 113 of 1982
OOTW: REPAIR OF DAMS, AND MANY QUALITY CONTROL LAWS FOR PRODUCTS AND MORE
OOTW: IN THE COVER SHEET FOR THE GAZETTE RELEASE, THE RECENTLY PASSED INVESTMENT LAW AMENDMENT IS NOT LISTED,
HOWEVER, I WOULD NOTE THAT THE LAST PUBLICATION OF THE GAZETTE 'S COVER SHEET ONLY LISTED TWO OR THREE LAWS, YET THE (ENCRYPTED) PDF (LAST PUBLICATION) CONTAINED MANY PAGES
OOTW: THE FIRST BATCH OF MASS EMAILS HAD THE CORRECT LINK AND THEN I MERGED A THREAD WITH THE GOVT NEWS/CHAT THREAD AND THE LINK CHANGED
OOTW: SO SOME OF OUR MEMBERS WILL RECEIVE TWO EMAILS OOTW: MY APOLOGIES
OOTW: THE LATTER HAS BEEN CORRECTED WITH THE PROPER LINK
OOTW: WE WANT TO SEE THESE QUALITY CONTROL LAWS TO REGULATE IRAQI NATIONAL PRODUCTS! - THIS IS ABOUT OPENING UP TRADE!
Doug_W: www.rvt.com/New-and-Used-... http://www.rvt.com/404.php
Doug_W: now THAT is nice