Morning News Comments 06/21/2015
[tlm724] let me see if there is any press release on parliaments site brb
[tlm724] this is supposed to be today : therefore the Finance Committee decided to hold an extraordinary meeting of emergency during the legislative recess and invite all of Governor of the Central Bank and the Financial Inspection Office and the Association of banks to this meeting On Sunday, 21/06/2015.
[tlm724] no word yet !
Keywords: lifting the 8% of dollar transactions are not exempt final goods ..navea not to resort to the dollar paydays
He pointed out that "the lifting of the 8% of dollar transactions is not the ultimate meaning of the exemption of imported goods," he said. "These outlets belonging to the border to do its part."
[tlm724] tariff imposition approx. Aug 1st
The proposal on the employees' salaries in dollars Exchange, Keywords that "the Iraqi dinar strong and capable stressed that defend himself," pointing to "We will not resort to pay salaries in dollars."
[tlm724] they will continue to be paid in dinars !
Abdul-Mahdi: Iraq seeks to put government treasury bonds in the international markets in the face of market volatility
[tlm724] Oil Minister Adel Abdul-Mahdi said "Iraq is seeking to put government treasury bonds in international markets to enhance the finances in the face of market volatility. And seeking a BB rating or more in credit rating."
[tlm724] here's an easy to understand explanation of why these two things bonds and credit rating go hand in hand :
The credit rating of a country or sovereign entity. Sovereign credit ratings give investors insight into the level of risk associated with investing in a particular country and also include political risks.
At the request of the country, a credit rating agency will evaluate the country's economic and political environment to determine a representative credit rating. Obtaining a good sovereign credit rating is usually essential for developing countries in order to access funding in international bond markets.
Another common reason for obtaining sovereign credit ratings, other than issuing bonds in external debt markets, is to attract foreign direct investment. To give investors confidence in investing in their country, many countries seek ratings from credit rating agencies like Standard and Poors, Moody's, and Fitch to provide financial transparency and demonstrate their credit standing
Legal representative: there is a judicial commission working on the audit covered by the general amnesty law
[tlm724] that there is a judicial commission working on the audit covered by the general amnesty law if passed in the House of Representatives
[tlm724] that the Legal Committee of the Parliamentary be its regulatory only and can not be for Parliament to intervene functioning of the judiciary as an independent, and that the law is to ensure not to allow the return of any of the terrorists.
[tlm724] it will be awhile before they get this one right and get it right they must !
A parliamentary committee confirms the completion of labor law and voting on it after the start of meetings
[tlm724] , that the Labour Code was completed and is ready for a vote, and that the Commission is waiting to start sessions for inclusion in the agenda for a vote.
[tlm724] The Social Security Act is still with the Ministry of Labour to amend and re-drafted, did not send it after the House of Representatives, because it is found that there is a great imbalance in some of its articles,