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Wealthwatch OOTW Sunday News & Comments 2-28-16 Part 1 of 3
Tootsie: my parting thought for today ~ “Sometimes, I just want someone to hug me and say, “I know it’s hard. You’re going to be okay. Here is chocolate and 6 million dollars.” :wub:
Tootsie: Sunday, February 28, 2016Call to export Iraqi raw materials, Industry minister6:06 PM Baghdad/ Iraq TradeLink: Iraqi Industry Minister Mohammed Sahib al-Daraji called the competent Iraqi authorities to cancel order No. 3 of the US civil administrator Paul Bremer which prohibited exporting the mineral raw materials, after 2003.
In a statement, Minister Daraji added that the mineral wealth is the second after oil that can provide additional revenues to the state, following the decline in oil prices. He added that Iraq is capable of exporting about 39 items of raw materials, suggesting opening the investment in the fields of these raw materials.
Tootsie: ~! ~ cancel order No. 3 of the US civil administrator Paul Bremer which prohibited exporting the mineral raw materials, after 2003. - ;-} so , I have wondered for years why they were NOT taking advantage of the HUGE expanse of raw materials they have in Iraq. ~ there is a listing in the above article link if anyone interested.
Tootsie: ‹@lonegunman› gm !! just stopping in for a short bit - How ye be??
lonegunman: ‹@Tootsie› pretty fair just passing trough myself
lonegunman: still hanging in there i guess
Tootsie: that is good ~ No pretty blue sky this a.m. overcast & very quiet - , yup, we are all just hanging - - very hard to break the "habit" lol, still spending more time on dinar than I should be !!
Tootsie: Cleaned out a shed yesterday , with the help of neighbor. ugh, dirty work! lol ,
Tootsie: America’s Twenty-Five-Year Fiasco in Iraq Saturday, 27 February 2016 21:49 shafaq news / Twenty-five years ago this week, on February 24, 1991, the first United States ground invasion of Iraq began. The first Bush administration had clear UN and congressional mandates to liberate Kuwait.
More than thirty countries contributed ground forces, and the Soviet Union was a critical diplomatic partner. After a punishing six-week air campaign, the ground battle seemed to be over almost as soon as it had started, displaying the American military’s tremendous tactical and technological superiority.
But amid talk of a new world order, the hundred-hour ground invasion was only the opening chapter in America’s tragic twenty-five-year Iraq story. Rest here ~
Tootsie: Time to eat, and get moving - Have a great Sunday
Tootsie: REMEMBER, tomorrow is Sadie Hawkins Day!!
Doug_W: tomorrow is Leap Year day
OOTW: HIYA EVERYONE!
OOTW: A leading figure in one of the Shiite factions, Sunday, for the failure of a plan to assassinate the cleric Moqtada al-Sadr, upon leaving the Tahrir Square after delivering a speech amid about 150 thousand of his followers, last Friday.
OOTW: In detail, said Abu Sajjad, who spoke over the phone, to toss News United Arab Emirates, said that "three groups had been waiting for the chest out of Tahrir Square, after his performance forFriday prayers amid his supporters, to target the convoy of weapons-propelled grenades and grenade launchers,
but the latter after delivering his speech asked his supporters praying in their respective regions before leaving the place quickly, protecting a convoy of 15 armored car. "
OOTW: "The third set was a movement mechanism which is about Qazfti bombs automatic Iranian-made 40 mm and a range of up to 2,200 meters, two vehicles on my car pregnancy, was its mission to address the reactions of firearms from the chest protection and silenced,"
which according to the source "provided military aid from Iran's Revolutionary Guards to the Shiite Badr Brigade of the Supreme Council for the breakaway led by Ammar al-Hakim stream. "
OOTW: Unusually, Taleb al-Sadr after his sermon Friday past, his supporters to establish prayer in their respective regions and then walked quickly from the platform, which had prepared a central Tahrir Square in Baghdad, Maani that "Hamayate discovered planned to assassinate him after Fridayprayers,
and by stationing in charge of the groups that are in place, what a missed opportunity Shiite parties, which tried to liquidate the background of political conflicts between the Shiite window wings in Iraq, says Abu Sajad.
OOTW: A few days ago, saw Kut southeast Iraq, burning images Shiite cleric, Muqtada al-Sadr's late father, and the assault on the headquarters of the Sadrists in some areas of the province by the Shiite parties, was said to be "unknown" in the province's police promised an investigation into the attacks, which she described views Shia as "attempts to divide the doctrine."
The raised-Sadr threatened to storm the Green Zone, on Friday, a wave of reaction to the political movement, especially among the pro-regime Wali al-Faqih in Iran, the Shiite parties that dominate the government positions and aspects of the state,
while his protest movement witnessed the presence and support of the "Iraq Scholars" Sunni who attended to Tahrir Square, and participated in the protests demanding political reforms in the country.+
OOTW: TY JD BLUE Those are very specific details.. does not sound like a vague rumour. - The Popular Crowd is being forced out... No participation in Mosul.. and join the Army or disband. –
Iran is starting to LOSE control of their vassel state... and while they make nice in the press.. seems like they are being the snakes in the grass we know them to be.
OOTW: HERE'S THIS FROM BUTIFLDRM
OOTW: Lifting sanctions on Iran contributes to revive the Iraqi market
OOTW: The experts stress that what is said about the release of large amounts of frozen Iranian funds will contribute greatly to the revival of the Iranian Altoman exchange rate against the dollar, which will have an impact on the Iraqi economy due to the large size of the commodity exchanges happening between the two countries.
OOTW: He says economist Muhammad Sharif Abu Mayssam, if costs rise in Iranian production sectors, which is found in the Iraqi market, a large window for marketing their products and contributed greatly to the dumping policy that have hindered the growth of the real sectors in the country,
will contribute to raising the sale of its products in Iraq, the price of more than prospects of lower demand for these commodities, and pushes in the direction of search for local alternatives to satisfy the needs of the market and thus supports local producers and facilitate the task of the government's drive in support of the private sector.
OOTW: The lifting of the ban on Iranian banking sector, will ease pressure on the Iraqi market, which has seen an increased demand for hard currency Iranian traders who have contributed to the fluctuation of the dollar's exchange rate against the Iraqi dinar as a result of the growing demand for hard currency to finance their external trade,
as well as prospects for the low activity rates tourism from Iraq to Iran, which has seen a dramatic rise over the past years, due to rising incomes of the middle class and the decline of the Iranian Altoman exchange rate against the dollar, which would mean a decline in the money supply flow from Iraq to the Iranian market rates.
OOTW: SHOCKING TO ME THAT HAKIM MAY HAVE BEEN INVOLVED IN AN ATTEMPT ON SADR'S LIFE
OOTW: FROM THE PARLIAMENT SITE
OOTW: Speaker of Parliament review with the President of the Parliamentary Legal Committee of the General Amnesty Law February 28, 2016 [Image: aljabory-28-2.jpg]Met with Parliament Speaker Salim al -Jubouri, Sunday, MP Mahmoud Hassan , head of the legal committee in Parliament.
During the meeting , discuss some of the important laws and ways to speed up the approval, themost prominent of the amnesty law, as it said the Speaker of Parliament on the importance of the convergence of views between the political blocs, and an end to all points ofcontention about the law to be presented to the Council for a vote.
and the price ofsovereignty efforts of the legal Committee of Parliament and its role in the follow - up laws and fleshed out as they serve the public interest. information Office of the President of the Iraqi Council of Representatives 02/28/2016
OOTW: BREAK HERE'S THIS FROM THE PM'S SITE
OOTW: In order to ensure the efficient operation of the Mosul Dam, both in securing water stockpiling strategic, or to increase the production capacity of electricity in preparation for stage editing city of Mosul ,
OOTW: Iraqi government has begun preparations to repair the dam and to ensure the sustainability of the safe operation of him. The measures are a constant since its construction in preventive measures in 1986, the largest dam in Iraq in terms of supplied electric power and control over the Tigris River water flow to downstream areas.
OOTW: as a result , stumbled maintenance assessments for 2014 because of Daash the terrorist attack on the dam, which led to the equipment damage and the loss of some of the staff , the coach and stopped maintenance work for the duration the occupation of the dam,
engineering reports confirmed the need for further important reforms to maintain the operation and maintenance of the dam operations, particularly with securing the Iraqi security forces site connector plug completely and continued to work as normal now.
OOTW: the government has worked over the past year with consultants engineering Iraqi and international to develop a plan to repair the dam, and prepared tenders for the implementation of the assignment and has a prestigious global engineering company specializing in such reforms will be funded with a loan from the World Bank. It has been agreed with the executing company to start rehabilitation work in the coming days.
OOTW: THERE ARE SEVERAL BULLET POINTS IN THIS ANNOUNCEMENT
OOTW: ANOTHER GREAT FIND BY BUTIFLDRM
OOTW: Keywords: our ultimate goal of financial stability BAGHDAD / Economy News ... On the Keywords that the Central Bank is working to be the first institution in Iraq, using the best technologies and regulations governing the work of the banking sector.
Added Keywords in a speech on the sidelines of a seminar of the Institute of progress for Development Studies addressed the strategic central bank: the strategy launched by the Central recently, were the first in the history of Iraq in terms of content and method of preparation,
as the first plan went through all the stages that require going through the plan, noting that he have an actor and a real role on the ground have been adopted for implementation and follow-up mechanisms.
Central functions He said the strategy announced took into account expansion in the framework of the central functions and emerged from our perception of the economic framework of the country after the shift to a free market economy and the significant role that will fall on the private sector in the joints of the management of the economy, pointing out that they were built according to the preamble to the central bank law aimed at price stability and sustainable development .
OOTW: "He said the strategy announced took into account expansion in the framework of the central functions and emerged from our perception of the economic framework of the country after the shift to a free market economy and the significant role that will fall on the private sector in the joints of the management of the economy, pointing out that they were built according to the preamble to the central bank law aimed at price stability and sustainable development .
OOTW: "FREE MARKET ECONOMY"
OOTW: THIS IS WHAT WE WANT TO SEE
OOTW: MAYBE NOT MOHSEN STILL AT THE HELM OF THE CBI, BUT THE FORMER IS GOOD TO SEE
Doug_W: Git er DUN Iraq
OOTW: HERE'S MORE
OOTW: On the subject of censorship, he said: It is an important aspect in the work of central banks, pointing to the hiring of an international center to evaluate the banks in terms of the physical aspects,
warning of the importance of the financial system to protect where it is exposed to crimes such as money laundering, referring to the exceptional effort in the preparation of the money laundering law based on international standards to be acceptable at the international level.
Selling Currency Keywords revealed the contract with the Office of international scrutiny to develop procedures for the sale of currency «Dollar» to control the dollar cash flow, also pointed out that the central focus on the topic of financial inclusion for the positive role in the economic life,
referring to the quest to develop the financing of small and medium enterprises which will create a framework for sector legally integrated, as well as working to stimulate the field of Islamic banking, which is expanding in Iraq.
He said the establishment of guarantee deposits in the banking institution, as we are now close to passing a law it will pass in the House, pointing to the continuing efforts to develop a universal banking system,
which represents a significant shift for the work of the central bank. That there was extensive discussion by the participants on the strategic challenges and implementation mechanisms, also answered questions Keywords on banks regarding strategy.
OOTW: he said: It is an important aspect in the work of central banks, pointing to the hiring of an international center to evaluate the banks in terms of the physical aspects, warning of the importance of the financial system to protect where it is exposed to crimes such as money laundering, referring to the exceptional effort in the preparation of the money laundering law based on international standards to be acceptable at the international level.
OOTW: Selling Currency Keywords revealed the contract with the Office of international scrutiny to develop procedures for the sale of currency «Dollar» to control the dollar cash flow, also pointed out that the central focus on the topic of financial inclusion for the positive role in the economic life, referring to the quest to develop the financing of small and medium enterprises which will create a framework for sector legally integrated, as well as working to stimulate the field of Islamic banking, which is expanding in Iraq.
OOTW: THIS PART IS HUGE
OOTW: He said the establishment of guarantee deposits in the banking institution, as we are now close to passing a law it will pass in the House,
OOTW: OKAY, LET'S SEE IF THIS IS GOING TO BE AN AMENDMENT TO THE CBI BANKING LAW, OR THE IRAQ GOVT BANKING LAW AND IF IT WILL BE PASSED AS SUCH, OR A SEPARATE LAW
OOTW: pointing to the continuing efforts to develop a universal banking system, which represents a significant shift for the work of the central bank. That there was extensive discussion by the participants on the strategic challenges and implementation mechanisms, also answered questions Keywords on banks regarding strategy.
OOTW: " a universal banking system, which represents a significant shift for the work of the central bank"
OOTW: THIS IS A BIG ARTICLE
OOTW: HOPING THE DEMONSTRATIONS ARE PROMOTING (AS WELL AS IMF TUTELAGE) WIDESPREAD BANKING REFORMS
OOTW: I JUST FOUND A HUGE ARTICLE
OOTW: IT SEEMS THAT BUTIFLDRM'S FIND ON THIS SUBJECT IS A SNIPPET FROM A SPEECH ISSUED BY MOHSEN/KEYWORDS WITH DR HAFEZ AT HIS SIDE, AT A PRESS CONFERENCE
OOTW: I'M FORMATTING THE POST TWO TICS
OOTW: HERE'S THE LINK (FIRSTLY)
OOTW: Governor of the Central Bank reviews the 2016 - 2020 strategy
OOTW: WE'VE SEEN ARTICLES WITH SIMILAR TITLES IN THE PAST FEW MONTHS
OOTW: AS WELL AS A PRESS RELEASE FROM THE CBI SITE AS TO KEYWORDS POINTED PLANS FOR ECONOMIC REFORM
OOTW: sell the currency to rein in inflation and the law prevents us from restrictions put in a seminar for «progress Institute for Development Policy«
OOTW: Monetary policy in Iraq is one of the fundamental pillars in the development process and support the national economy
OOTW: .. In spite of the successes achieved by the Central Bank of Iraq during thepast years, particularly to maintain the value of the dinar and rein in inflation and the continuation of the currency auction and so on
OOTW: .. but the policy is still vulnerable to criticism especially in thefield of auction currency selling and dealing with private sector banks .. and trying bank 's board pursuit of policies and strategic plans develop for the advancement of the banking sector
OOTW: WHAT HE'S STATING HERE IS THAT THE CBI IS STILL HAVING ISSUES RE THE MECHANISMS OF SELLING THE DOLLAR, DESPITE THEIR ATTEMPTS TO CONTROL THE AUCTIONS
OOTW: .. as theBank has recently launched its strategy for the next five years , which included the important goals .. the guest of «progress of policy development institute» Central Bank Governor Dr. Ali Keywords to talk about the Bank 's policies and the details of the plan during a seminar held by the Institute attended by a group of experts and members of the House of representatives and representatives of the private sector banks.
OOTW: SO IT SEEMS THERE WAS A SEMINAR HELD WITH THE HOR IN ATTENDANCE TO DISCUSS ADDRESSING THIS (AND I'M SURE OTHER) ISSUES
OOTW: (HAFEZ WORKS WITH SALEH - SALEH IS ABADI'S RIGHT HAND MAN, IT SEEMS - SALEH HAS ALSO BEEN APPOINTED AN OFFICIAL REP TO THE UN FOR IRAQ - THIS INFO LOCATED IN OUR RESEARCH LIBRARY/GAZETTE SECTION)
OOTW: MP Dr. Mehdi al - Hafez , who moderated the seminar, said at the outset that the Central Bank ofIraq, an important financial institution, especially in the circumstances the current from the general development of the country. He is responsible for the control of cash and the issuance of money and overseeing the daily activities related to the banking sector and control ... He explained that since 2003, when a major change in policy and the system of the Central Bank of Iraq, including the issuance of a new law.
OOTW: DR HAFEZ IS SIMPLY STATING THAT THE WORK OF THE CBI IS BEING SUPPORTED AND THAT THEY ATTAINED THEIR LEGAL INDEPENDECE (AND RELATED WORD) VIA THE CBI BANKING LAW 2003
OOTW: It rolled a lot of reservations and opinions opposing and revolves around policy options best central bank recently received what happened during the three past fifteen years and numerous opinions and comments including research the validity of the central bank law and the importance of benefiting from the cash reserve , and even about style sell thecurrency and calling for the resumption of the work of foreign exchange law
OOTW: "CALLING FOR THE RESUMPTION OF THE WORK OF THE FOREIGN EXCHANGE LAW"
OOTW: THIS WOULD BE ABOUT THE NEED TO RE-EXAMINE - THE WORK VIA THE AUCTIONS RE SELLING THE DOLLAR
OOTW: .. wondering: Is it possible to continue the way her? .. pointing out that the central bank recently issued a strategy for the coming years. Could it be that the right choice for the future and what are the repercussions on the national economy, and the banking sector and its role in economic life.?
OOTW: OY, STILL EXAMINING THIS PROCESS - REALLY?
OOTW: .. Stressing that we have a big job related Paschkagliat overall performance of the Central Bank and how they can address the sale of the dollar and the law of foreign exchange .. and the media started talking about these issues , including raising questions and creating misconceptions must be corrected by talking frankly and diagnose glitches in spite of the presence of a large variation in the visions ..
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