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Wealthwatch Sunday OOTW Chat 1-10-16 Part 1 of 2
TWO GREAT CHATS RE: GOVERNMENT PROPOSES TO INTERVENE IN CBI POLICY - TRUE STATE OF RESERVES - ANOTHER ARTICLE FROM ZEBARI DISCUSSING THE STUDY TO ADJUST THE RATE OF THE DINAR & ANOTHER PROPOSAL FOR DELETION OF THE ZEROES !
DEPOSITOR'S INSURANCE - MORE TALK ON TARIFFS - IRAQ WANTS TO GET ITS TRADE GOING !!!
TODAY'S CHATS TRACK FORWARD MOVEMENT - GOOD NEWS!
HAVE A GREAT REST OF YOUR DAY!
OOTW: Established a House of Representatives office in Dohuk governorate on Thursday 7/1/2016 a workshop entitled (Conference for the protection of peaceful coexistence and combating extremism) Bhoudoralsadh Sarhan Ahmed and Jamal Ahmed Representatives and Najiba Najib and Mdaraoagaf Dahuk, president of the Federation of Muslim Scholars Dohuk branch and heads of a number of civil society organizations and religious figures Christian and Yazidi.
The workshop discussed the subject of peaceful coexistence in Iraq and the most important obstacles that stand in the way it from reaching the level of ambition and the most important aspects that affect the peaceful co-existence,
and how to develop it and the fight against all ideas of extremism and terrorism in Iraq. and resulted in the workshop to provide observations and views the task of the National Conference on the Protection of peaceful coexistence, which 01.26.2016 in will be held in the House of Representatives.parliament.iq/details.asp...
OOTW: THE ABOVE LINK ALSO CONTAINS A PRESS RELEASE FROM DEPUTY SPEAKER, HAMOUDI, AGAIN CALLING FOR THE LAUNCHING OF IRAQI NATIONAL PRODUCTS
OOTW: MANY SIMILAR ARTICLES AS WELL AS PRESS RELEASES ON THIS CONTAIN WHAT SEEMS TO ME TO BE SUBTEXT OF "BUY IRAQI BECAUSE TARIFFS ARE COMING"
OOTW: WE WAIT AND SEE
OOTW: BIG ANNOUNCEMENT FROM THE MINISTRY OF TRANSPORT SITE
OOTW: Zubaidi meeting chaired by the maritime transport sector
OOTW: Chaired by Transport Minister Baqir al-Zubaidi, the maritime transport sector meeting in the presence of Inspector General of the Ministry of Technical and agent and agency administrative agent and agency directors general of Ports and Maritime and implementation of transport projects, contracts, legal, planning and follow-up and a number of specialists in the maritime field ....
OOTW: During the meeting, discuss the investment plan for 2016 and projects payment projects on credit and projects of strategic addition to discussing the tariff set by the formations of other ministries working in the ports and the subject obtained revenue from the work of examination of the goods and containers devices (Alsonarat) in ports and Mnasftha with the General Administration of Customs and the establishment of yards and late stacked container by customs, has also been discussing need ports to degrees, training and twinning with international ports,
OOTW: MORE DEVELOPMENT FOR THE PORTS - VERY GOOD - THEY'VE NEEDED UPDATING
OOTW: and the development of the Center for Studies and Research in ports have also been an objective discussion of overall ports stomach plan by the JICA Japanese then took discuss the issue of giving priority to the ships interoperability working with the company Under Iraqi font name in the entry and the provision of sidewalks in Iraqi ports Bboakhar government.
OOTW: The Director of Marine in a detailed explanation of the company's plan to improve its performance and especially the completion of Maritime Authority Act and the completion of the signing of major agreements with the International Maritime Organization MARBOL.SOLAS.STCW and activating the role of the national carrier being a contender in the interest income and the state treasury
OOTW: There was discussion of matters for the company to implement public transport projects and the mechanics of the payment of dues for the work done for the ports. Mr. Abdullah and coffee, general manager of projects and provided detailed information on these receivables.
In conclusion, Mr. art dealer gave an explanation on the completion of Karbala hall at Baghdad International Airport procedures and actions taken to delivery process during 2016.
OOTW: THIS IS GREAT NEWS...MORE FORWARD PROGRESS TOWARDS RAMPING UP IMPORTS/EXPORTS AND HEADED TOWARDS TARIFFS
OOTW: ONTO CORRUPTION
OOTW: Integrity board will hold a workshop for national anti-corruption strategy for the years 2016 2020 in the presence of experts and inspectors general
OOTW: Chairman of the board of Integrity, Dr. Hassan al-Yassiri opened Thursday 7/1/2016 the workshop tagged "together to fight corruption," for the purpose of completing the steps the Authority to develop a national strategy to combat corruption for the years 2016 - 2020.
Dr. Yasiri in his speech, which was initiated by the Proceedings of the workshop on the faith of the Authority that specialization and professionalism are two routes Sulaiman to develop a national strategy to combat corruption are comprehensive and realistic,
calling to go beyond the notes were diagnosed in the drafts prepared previously that were not level and specifications that you want the Authority and the regulators out; then the road which charts the steps of these devices in the fight against corruption for the coming years.
OOTW: He pointed to the use of the body was a group of specialists in the field of strategic evidence; to put the draft to meet the ambitious, and based on clear criteria and aspires to Iraq is free from corruption and Odranh, and moving steps parallel and intersecting with the vision of the Authority in the fight against corruption at the international level, who stepped Iraq represented Bhaoh Integrity the important and serious steps.
He pointed out that the opinion of other national regulatory bodies is at the forefront of the priorities of the board of Integrity "So we decided to have Inspectors General in the picture; to reflect their views after them responsible for monitoring the work of ministries and governmental institutions.
OOTW: Turning workshop to explain the message, which aims the national strategy to combat corruption achieved, and reviewed a sample of international strategies debate; in order to benefit from them in the content of the national strategy to be drafted mode.
The participants agreed in the workshop to compose a joint working teams from Offices inspectors general; in order to perceptions of a more in-depth, by those offices, ministries and government institutions in which it operates,
stressing that this workshop is the first step that has initiated the board Integrity implementation, for the purpose of improving the previous draft and avoid what marred observations and will be followed by other steps fast; in order to formulate see the national anti-corruption strategy, as well as identifying the core of these strategic values and objectives.
OOTW: EVERYTHING YOU HAVE SEEN POSTED HERE BY ME, IS FROM OUR WEEKLY GOVERNMENT THREAD - MOST OF THE REAL MOVEMENT / PROGRESS IN IRAQ CAN BE SEEN IN OUR GOVERNMENT THREAD(S) –
I STRONGLY ENCOURAGE YOU TO READ THESE WEEKLY THREADS, BECAUSE THERE'S SO MUCH INFORMATION IN THESE THREADS, IT'S NOT POSSIBLE FOR ME TO POST EVERYTHING
OOTW: HERE'S THIS WEEK'S LINK OOTW: wealthwatch.world/showthr...
OOTW: http: // wealthwatch.world /showthread.php http://wealthwatch.world/
OOTW: HERE IS A GREAT ARTICLE WHICH TIES IN WITH MY CHAT ABOVE, AS WELL AS CHATTELS AND BUTIFLDRM'S DISCUSSION, THIS MORNING
OOTW: Expert: Currency exchange rate affects the import and export value
OOTW: TY JDBLUE FOR THIS ARTICLE
OOTW: It is known that the currency of any country depends on the performance of its economy, value, and there are several factors in this performance impact in determining this value, including the interest rate where height will attract foreign capital to the inside, and the other factor balance the country's trade Increasing demand for a particular commodity will also increase demand for its currency.
In addition to that factor the political situation of the country, the inflation rate also reflects the purchasing value of the currency or the amount of goods and services that can be purchased.
OOTW: In addition to that factor the political situation of the country, the inflation rate also reflects the purchasing value of the currency or the amount of goods and services that can be purchased. It measures adopted by the economic policies of countries are managing the currency market and the price of the currency exchange in front of the other currencies,
and in this regard stresses economist Ahmed Abrihi Ali that the exchange rate affects imports and exports, it can raise or reduce the relative prices of imports (exports) to support capacity international competitiveness or weaken it.
OOTW: He adds Abrihi: That's why the pressure on China to revalue its currency in order to make imports cheap and exports expensive exerting downward pressure on their international competitiveness and shrink its trade surplus.
The best example to control the value of any currency is the measures taken by China's second-largest economy in the world to maintain a low rate of the Chinese yuan to serve their purposes but also in the export and dumping their products which, The United States accuses China of fabricating reduce the price of its currency to stimulate trade-offs Business.
OOTW: In Iraq, the parliamentary Finance Committee announced it was looking for a project to reconsider the dinar exchange rate against the dollar with the government and central bank. He explained the Commission's decision MP Ahmad Haji: that there was a project taught by the Central Bank and the Council of Ministers, and the Finance Committee, to reconsider the dollar's exchange rate against the dinar. He pointed Haji in comments to local media that it is still a project under study and no decision, where the study Is Iraq could reconsider the exchange rate?
OOTW: Is it the government is in the interest of the citizen or hurt? Noting that a review of the exchange rate will be one of the government's interest, but harmful to the citizen, where would increase the exchange rate to runaway inflation, and an increase in commodity prices, and student Haji need to take it into consideration and study of the project from all aspects,
before taking any decision, noting that the re Consideration will be an increase of the dollar exchange rate, a low rate of the dinar against the dollar, because the government can not raise the price of the dinar against the dollar, at a time that the revenues and expenditures in dinars to the dollar, pointing out that the increase in price of the dollar is what is the benefit to the government. ‘
Iraq is facing a financial crisis due to the sharp decline of oil, in terms of financial budget for this year with a total expenditure of more than 501 trillion deficit rate of 8.22 percent.
OOTW: AGAIN WE HAVE VERBIAGE WHICH IN THE LANGUAGE, SEEMS CONTRADICTING
OOTW: HERE THEY SEEM TO BE STATING THAT THE CONSIDERATION IS TO DEVALUE THE DINAR - THUS RAISING THE COST OF THE DOLLAR, WHICH IS GOOD FOR THE GOVERNMENT (BUT NOT THE CITIZEN)
OOTW: THIS COSTS THE CITIZENS MORE TO PURCHASE DOLLARS
OOTW: THE BYPRODUCT IS THAT THEY DRAW IN MORE DINAR
OOTW: IF I WERE AN IRAQI CITIZEN, I'D BE ENRAGED AFTER READING THIS STATEMENT....CONTINUING ON....
OOTW: ONE MORE POINT...I BELIEVE ZEBARI IS POINTING THIS OUT AS A WAY OF STATING - WHILE THIS IS GOOD FOR THE GOVT., WE DO APPRECIATE IT'S NOT GOOD FOR THE CITIZEN"
OOTW: The Finance Minister Hoshyar Zebari said earlier last week in a newspaper interview that: There are several alternatives to oil, such as borrowing from international institutions, low-interest, and we did it.
For example we have received help from the International Monetary Fund, and a few days ago we received billion and 002 million dollars from the World Bank, we have introduced a monitoring program on how we manage the financial and economic policy, and if we could get help more of them, as we intend to sell sovereign bonds, because the situation in Iraq this year better than last year in this regard.
Zebari explained: The other option is how to raise the Iraqi dinar exchange rate, despite the risk that it may be his choice Repercussions.
OOTW: "Zebari explained: The other option is how to raise the Iraqi dinar exchange rate, despite the risk that it may be his choice Repercussions. "
OOTW: SO EVEN THOUGH HE STATES IT MAY HURT THE CITIZENS - THIS IS STILL UNDER CONSIDERATION AND I MUST PAIR THIS WITH THE FAIRLY RECENT PRESS RELEASE BY THE CBI –
WHEREIN THE ANNOUNCEMENT STATED THEY WERE CONSIDERING A STUDY ON THE RATE OF THE DINAR
OOTW: AT THIS POINT, WE JUST DON'T KNOW IF THEY'RE GOING TO RAISE THE VALUE - IE RAISE THE COST OF THE DINAR AGAINST THE DOLLAR, OR IF THEY'RE GOING TO LOWER IT AGAINST THE DOLLAR
OOTW: WE JUST HAVE TO WAIT AND SEE
Doug_W: the next OFFICIAL waiting period begins NOW.....
OOTW: HERE IS A LINK TO THE CHAT ABOVE, AS WELL AS A CHAT BETWEEN CHATTELS AND BUTIFLDRM THIS MORNING - VERY INTERESTING DISCUSSIONS ON THE RESERVES STATUS,
THE GOVT'S CALL TO INTERVENE IN CBI POLICY, AND ONGOING ARTICLES WHEREIN ZEBARI DISCUSSES CHANGING THE RATE OF THE IQD
OOTW: http: // wealthwatch . world /showthread . php?tid = 3593
OOTW: I WILL POST THE CORRESPONDING CBI ANNOUNCEMENT REFERENCED ABOVE IN THIS CHAT'S THREAD
OOTW: I DO UNDERSTAND THAT MOHSEN/KEYWORDS DID SAY THAT AT THIS TIME THEY WEREN'T GOING TO ADJUST THE RATE
OOTW: BUT BECAUSE I CONTINUE TO SEE ARTICLES WHEREIN STATED THAT THE GOVT WANTS TO INTERVENE IN CBI POLICY, ALONG W ZEBARI ADDRESSING THE RATE OF THE DINAR (OVER AND OVER) –
I HAVE TO CONCLUDE THAT THERE WILL BE MORE HEAD BUTTING BETWEEN THE CBI AND THE GOVERNMENT AND THAT THIS REMAINS A FLUID CONSIDERATION (AT PRESENT)
OOTW: ANOTHER PRIMARY REASON FOR THEM TO BE DISCUSSING THIS IS BECAUSE THEY HAVE TO KICKSTART THEIR IMPORT/EXPORT MARKETS
OOTW: LOL THE ARTICLES KEEP ROLLING OUT ON THIS
OOTW: Central Bank: the devaluation of the dinar detriment of the citizen and not the intention for it Sunday, January 10th 2016 BAGHDAD / ... stressed the central bank, Sunday, the lack of intent to amend the Iraqi dinar exchange rate, pointing out that the devaluation of the dinar would lead to damaging the purchasing power of citizens.
The bank said in a statement: "Eye Iraq News" received a copy of it, he was "no intention to amend the dinar exchange rate and that what is declared by the otherwise from any person or entity has not considered particularly after it has been installed price in the budget agreement with the Government and the International Monetary Fund ".
The statement added that "the central bank is well aware that any reduction in the value of the dinar meant damaging the purchasing power of citizens because most of their needs are imported."
The prime minister Haider al-Abadi said earlier, that the Iraqi currency backed strongly there is no fear on the exchange rate of the dinar against the dollar, as he pointed to the existence of "manipulation and conspiracy" to influence the current situation. http://aynaliraqnews...news&id22=51183
rocknrollbus: ‹@OOTW› Does ISIS have control of most of the banks in Mosul?
OOTW: FROM MY UNDERSTAND, YES, THEY STILL DO AND THIS WAS ONE ASPECT OF THE NEED FOR THE ANTI MONEY LAUNDERING LAW
OOTW: WE ADDRESSED THIS IN LAST WEEK'S CHAT
OOTW: LONG HAUL TO RETAKE MOSUL AHEAD - FROM ALL I CAN TELL
OOTW: BECAUSE THE IQD OFFICIAL RATE AT THE CBI SITE WAS RELATIVELY RECENTLY CHANGED, IT CONVEYS TO ME THAT THEY WANT TO START EXPORTS
rocknrollbus: 1 US Battalion could get it done in a week!!!
OOTW: UNLESS THEY ARE STILL GOING TO CONSIDER LOWERING THE RATE FURTHER TO RAMP UP EXPORTS OOTW: WE HAVE TO SEE
OOTW: PERHAPS ROCKNROLLBUS - BUT THERE'S STILL CONFLICTING NEWS/EVIDENCE THAT THE US HAS SUBSTANTIAL GROUND TROOPS IN IRAQ - MOST ARTICLES STILL STATE THAT WE'RE THERE AS (SOLELY) ADVISORS
Doug_W: I have been an "advisor" capacity
Doug_W: all I am gonna say about that is BUNK
Doug_W: combat troops we were.
OOTW: I TEND TO AGREE WITH YOU DOUG
rocknrollbus: I think last I heard............3,000 troops........er, ah......"advisers".................
Doug_W: trust me if ur in a combat zone and get fires on U kill them first
rocknrollbus: ‹@Doug_W› What branch?
Doug_W: Army I was a combat medic
rocknrollbus: I was a 31J and later 71L
Doug_W: I was a 91 Charlie
rocknrollbus: Back in the mechanical cluncker days...........
rocknrollbus: I used to say..........31 Junkie
rocknrollbus: 91? Medic??
Doug_W: a "charlie" designation is a PA Actually
rocknrollbus: Huh.....did not know that
Doug_W: yup Physicians asst
Doug_W: I have several medals for saving PPL
rocknrollbus: I was in at the tailend of Nam
Doug_W: U missed NOTHING then
Doug_W: well its time 4 me to leave
rocknrollbus: Just get soooooo PISSED all our brothers have to go fight for these fatcat politicians and "their" wars!! I can understand WW1 and WW2.
OOTW: AGAIN HERE IS THE LINK TO THIS CHAT (AND MORE)
Comments may be made at the end of Part 2 Thank You