Post From Wealthwatch.world Chat Room 7-19-15 Morning Discussion Part 2 of 2
Tootsie: GM, Sunday - roll around too quickly
Tootsie: Tamimi: Iraq before the tough financial days will affect the distribution of salaries for the months of August and September next BAGHDAD - Iraq Press - July 19: Detonated a member of the parliamentary committee, Majida al-Tamimi, a sensation on the reduction of the salaries of staff when she said,
"Iraq will face difficult financial days in the months of August and September next lower imports due to the state."
She Tamimi that "aspects of exchange in the Iraqi state have not seen the austere sense that we aspire to him are still Alaivadat many expenses we do not find a significant difference from the previous and there was no practice and apply the actual equivalent of Forestry position and low Iraqi revenues",
noting to, that "the Kurdistan region did not delivers this month, the federal government is the decision of its oil quantities amounting to 550 000 barrels and specified in the budget to Sumo,
there is also a decrease of revenues to lower oil prices than it was in earlier and that other Erdat oil are almost non-existent in addition to the large military expenditures in the war on terrorism. "
The agency member of the parliamentary finance committee, "I would imagine that there is a real problem lie ahead in the next few months and we are talking here about August and September Fsnaah two tough days and probably will not fulfill the distribution of salaries of employees in timing and hope not to get into this thing but that's expected in light of the increasing expenses in front of the low revenue. " CONT >> wealthwatch.world/showthr... http://wealthwatch.world/showthread.php?tid=1185
ajay214: well that proves all those who say they are in such a hurry to get all this done completely wrong. Another week before they get back into session does not show they are in any hurry
Tootsie: ‹@ajay214› :dizzy: hahaha, they have to get their 'thoughts' in order hehe
Tootsie: arrival of six international companies to Diwaniyah to work on credit July 19, 2015 Diwaniya / Center Brief for the Iraqi Media Network - (IMN) Diwaniya Provincial Council announced the arrival of six international companies to work in the province through the payment on credit,
and that the province waiting for government approval to issue instructions mechanisms for the implementation of projects Order forward.
He said council member Haidar al-Shammari's (IMN) "There is an American, Canadian, Russian, Lebanese, Indian and Korean companies reached the province, for the purpose of the agreement to take part of the projects to be implemented by payment on credit."
Shammari said that "the province to have projects in the education sector to build schools, and the health sector for the construction of some pharmaceutical factories, as well as infrastructure for water and sewer infrastructure projects, it is hoped to be transferred on credit to those companies."
He explained that "the government agreed to implement the payment projects on credit at a cost of 2 billion dinars for some projects in the province, but it has not issued instructions so far," pointing out that "the province waiting for government instructions for the purpose of converting some of Diwaniyah projects to international companies."
The deputy chairman of the investment in the province of Diwaniyah Hussein Yasiri earlier, that the relevant ministries to invest in the province has allocated 100 000 acres of land to her, so as to create your own investment projects in the governorate.
The local government has developed in the province of Diwaniyah, both executive and legislative, investment program attracts investment companies, and for the purpose of achieving the required development in the province, which lacks basic economic resources required. wealthwatch.world/showthr...
Tootsie: I sure would not start building much - Daash bombed the 60% finished Olympic Stadium, up in a could of dust ~ $$$$$$$$$$$ gone again
Tootsie: by the time they 'reconstruct' all of the damage, sheesh ~~~~~~ I can't fathom the funds
Doug_W: how many millions of barrels o0f oil a day at 55.00 each again?
Doug_W: that figure is unfathomanable to me
Donnie: Tehran receives the first Western official after nuclear deal
Donnie: Date: 07/19/2015 17:28
Donnie: Information / follow-up / .. oriented German economy minister (Sigmar Gabriel) to Iran on Sunday, to be the first senior Western official travel to the Islamic Republic since reaching an agreement on its nuclear program with major powers.
It starts Gabriel, who is also the Vice-Chancellor Angela Merkel and the Minister of Energy, his visit, which lasts three days at the head of "a small delegation of representatives of industrial companies and scientific groups," according to a statement issued by his ministry.
It is scheduled that the German minister will hold talks with Iranian President Hassan Rohani and several ministers. Gabriel said in a statement that the agreement long-awaited "basis establishes normal economic relations with Iran, it provided the application of the conditions provided by.
" For his part, the President of the Chambers of Commerce and Industry German (Eric Chwiczr), which is accompanied by Gabriel, the visit as "an encouraging sign" for companies that ban it done in any commercial dealings with Iran is rich in natural resources because of Western sanctions.
Donnie: He called Chwiczr to give German companies legal protection for future investments in Iran in case violated Tehran Terms of the nuclear deal and re-impose economic sanctions on it. He told the German Press Agency "DPA" that "such a framework would give security companies Legal necessary to return to Iran. "
Historically, Iran and Germany trade partners Mqrepettan, but the business dealings between them dropped significantly because of the sanctions, where last year recorded 2.4 billion euros compared to about eight billion euros in 2003-2004, according to German numbers.
The Hevciser that bilateral trade between the two countries could double four times during the next three years or so up to about 10 billion euros. looking forward engineering, chemicals, pharmaceuticals, auto parts and railway companies to enter into contracts with Aaran.anthy / Agencies
Donnie: . http://www.almaalomah.com/news/26631/%D8%B7%D9%87%D8%B1%D8%A7%D9%86-%D8%AA%D8%B3%D8%AA%D9%82%D8%A8%D9%84-%D8%A7%D9%88%D9%84-%D9%85%D8%B3%D8%A4%D9%88%D9%84-%D8%BA%D8%B1%D8%A8%D9%8A-%D8%A8%D8%B9%D8%AF-
Donnie: if you read the long long long article or at least scrolled down you'd have seen this chart showing that strengthening the Dinar over the years didn't work.
Donnie: 1. Low oil revenues resident dinar: At the time disputed ministries and provincial allocations to prevail and the recession in the economy,
we note that the difference in oil revenues (JD) as a result of raising the dinar exchange rate of 1500 dinars for $ 1 to 1166 dinars for $ 1 in the budgets of the (2007-2013) as in the table below ,
and the loss of more than 161 trillion dinars, the equivalent of now at the official rate of the dollar more than $ 138 billion, contributed to the widening deficit in public budgets,
and had been injected into the economy through an auction currency - quickly went out again - to achieve the goal of raising Exchange Rate dinar, without being aware that this goal originally wrong and not a positive impact on the overall economy.
Donnie: that last post was a quote from that article
Donnie: here's the chart:
Donnie: hopefully Iraq finds a way this time to strengthen the Dinar against the Dollar and overcome the negative effect in the past.
Doug_W: ‹@Donnie› how do U post like that?
Tootsie: ‹@Donnie› cool, if you click on the chart it opens up in new area, very clear!
Tootsie: Deputy for the National: the issuance of national bonds will provide cash flow and investment opportunities The National Alliance MP Abdul-Hussein al-Moussawi said the issuance of national bonds will provide liquidity and investment opportunities.
Moussawi said, in a statement received by the agency all of Iraq [where], a copy of "practical step taken by the government to issue national bonds, will contribute effectively to provide liquidity and investment opportunities for the citizens," calling to "educate the street at them."
He added that "the continued decline oil prices and the absence of actual capacity to increase production and the adoption of the general budget mainly on oil exports, requires research in such mechanisms,
which include the national bond issuance and push for the optional savings for citizens and the stimulus it calculates the fans more than the natural rate of interest rate of interest. "
He said al-Moussawi said. " This result will provide the government a chance and liquidity may be stressful if borrowed from the World Bank, and would create a mechanism to take advantage of the funds in the inside Iraq capital. "
The crisis cell headed by Prime Minister Haider al-Abadi, decided at its meeting yesterday to start issuing remittances treasury during the remaining months of this year and launch a national bonds to the public and government guarantees and benefits appropriate, in order to strengthen its financial situation and activating the economy and development in the Albuld wealthwatch.world/showthr... http://wealthwatch.world/showthread.php?tid=1189
Donnie: ‹@Doug_W› i'll type up a set of steps
Tootsie: Have a good Sunday = time for me to get rollin' later
Doug_W: ‹@Donnie› ty
OOTW: SO MR. UGAILI IS SIMPLY A RESPECTED ECONOMIST - AND HIS OPINION ON THE NEED FOR THE DINAR TO GAIN IN VALUE, IS SIMPLY HIS THAT, HIS OPINION
OOTW: wealthwatch.world/showthr... http://wealthwatch.world/showthread.php?tid=1183&pid=2457#pid2457
Doug_W: Opinions///everybody has one
OOTW: YES DOUG -HE IS RESPECTED HE'S SPOKEN ON MANY TOPICS INCLUDING ASPECTS OF THE TARIFF'S VS THE ECONOMY AND THE NEED FOR TARIFF'S –
A BIT COINCIDENTAL CONSIDERING THE TARIFF'S ARE SUPPOSED TO GO INTO EFFECT AUG 1