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Red Lily's Iraq News Glossary 6-24 to 6-25-14
Red Lily's Iraq News Glossary from 6-23-14
Thank ALL of you for all of the nice comments and compliments on my blog today. You have truly blessed me today.. I give all the glory to The Lord ~
Shout out to my buddy at Dinar Recaps... Thank you for your support as well.
Red Lily's Iraq News Glossary
This is pretty much my Iraq News Glossary of the past few days. Just take look and click on whatever grabs your attention.
I pray everyone be blessed ...
~ RED LILY ~
Red's Headline Iraq Recap 4-April-2014
Shaways: Iraq aspires to be a donor country and we still need the support of the United Nations
Red Lily ~ In my opinion this is good news. Realize, however, that the UN has always been there to support Iraq in every aspect of rebuilding their country. We need to see Iraq actually APPLY these recommendations and procedures in order for the Global Community to take Iraq's government seriously.
After approval by the election commission on Iraq is a coalition of candidates voters to "economic well-being"
Shammari said, "What we want to work it is to raise the free market economy in Iraq 1
Red Lily ~ This falls in line with what the IMF and World Bank have been preaching to Iraq for the PAST 5 YEARS... Can they DO it??? We wait and we see. NOBODY KNOWS.
From Red Lily's News That Matters
IRAQ: Reflecting on the past month of activity
Keep in mind that the following is based on my studies of Iraq news for the last month (and past 5 years), and are factual based inasmuch as we can depend on the news articles and my recollection capabilities.
Let's reflect a minute on this last month so far.
We have seen that parliament has not made any progress on passing the budget as election propaganda took to the road April 1st. Of course the election takes precedence over the Iraqi Citizen (sarcasm). They have to make sure they keep their jobs as a stalemate government.
Kurdistan's President Barzani extended a "Goodwill" effort and agreed to export 100,000 barrels of oil PER DAY through SOMO. The central government of Iraq rejected this proposal entirely. A couple of MPs suggested a compromise. One MP suggested 200,000 barrels per day from the Kurds and another suggested 250,000 per day. As far as I am aware, this too has not been fruitful.
(Note: Red Lily's comments are in blue)
THIS IS THE ARTICLE OF COMPLIANCE DISCUSSED DURING THE MEETING WITH THE GOVERNOR OF THE CBI AND THE IMF REPRESENTATIVE YESTERDAY. ENJOY ~ RED LILY ~
Article IV: Obligations Regarding Exchange Arrangements
1. General obligations of members
2. General exchange arrangements
3. Surveillance over exchange arrangements
4. Par values
5. Separate currencies within a member’s territories
Section 1. General obligations of members
Recognizing that the essential purpose of the international monetary system is to provide a framework that facilitates the exchange of goods, services, and capital among countries, and that sustains sound economic growth, and that a principal objective is the continuing development of the orderly underlying conditions that are necessary for financial and economic stability, each member undertakes to collaborate with the Fund and other members to assure orderly exchange arrangements and to promote a stable system of exchange rates. In particular, each member shall:
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