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Update: Fighting ISIS
We are hearing that finally Iraq and the coalition forces are making great progress fighting ISIS. They do not tell us everything but one thing we know for sure is the goal is NOT to let ISIS DAASH reoccupy any ground already taken. As you know in the past once an area was cleared, ISIS simply worked around and out flanking the Iraqi and Qud forces reoccupying the area. This time this will not work. They are boxing them in and either they surrender or experience their final fate of death.
This is all good news and what we need to hear. Another notch on our to-do list thus closer to the needed security stability as needed for the currency reforms
Abadi announce the full launch of the second phase for the Liberation of Salah al-Din
Announced the commander of the armed forces, Prime Minister Haider al-Abadi, Monday, for the second phase of full liberalization starting Salahuddin province, including the Baiji refinery.
BAGHDAD / obelisk announced commander of the armed forces, Prime Minister Haider al-Abadi, Monday, for the second phase of full liberalization starting Salahuddin province, including the Baiji refinery.
Information Office of Ebadi said in a press statement seen by 'Obelisk', that 'the Prime Minister and Commander in Chief of the Armed Forces Haider al-Abadi announce the launch of the second phase of operations to Beck, O Messenger of God, full of Salahuddin province, including the Baiji refinery to edit'.
The bureau added that 'This came during a visit to the province of al-Abadi Salah al-Din and his meeting with military and security leaders'.
The Prime Minister General Commander of the Armed Forces said Haider al-Abadi, in (1 March 2015), the start of military operations to liberate the rest of Salahuddin province, from the control of the organization 'Daash'.
DAASH IS BOXED IN BAIJI, RAMADI
The morning began the countdown to defeat al Daash terrorist in Salahuddin and Anbar after the start of the second page of the process Beck, O Messenger of Allah parallel to the process of liberalization of gray. And check yesterday the completion of another military intelligence represents the combined forces to provide the information in the two provinces resulted in the targeting of communities of the enemy and kill the commander of operations Daash terrorist in the area of China during his withdrawal to the north and stationed near Baiji market, according to sources Sabah.
Focused process Beck, O Messenger of God in the second day to destroy enemy defenses and Khanadgah and tunnels used to transport weapons and terrorists. In this regard, the commander of special operations in the fight against terrorism device Brigade Maan al-Saadi said stressed the possibilities and capabilities to assign the good pieces, and victory is near in the coming days.
He explained that the process of liberalization of Salah al-Din will be parallel to the liberalization of gray Daash, The operations in Ramadi, a continuous and non-stop. The prime minister Haider al-Abadi announced of Salahuddin on Tuesday evening, the second phase of liberalization preservation process, and to link the start of Dr. Abadi these operations liberation of the entire land, saying: victory which will forehand push to start the liberalization of Mosul Daash gangs that began to collapse does not have the ability to grab the land.
Security sources revealed morning for the completion of the security cordon around the center of Ramadi fully on Wednesday, in preparation for the announcement of the zero hour for the liberation of the city of Conception terrorism. To that adopted the organization Daash terrorist yesterday the death of the second man in it called Abu Moataz al-Qurashi known as Abu Muslim Turkmen in an air strike near Mosul.
Within rally support for counter-terrorism efforts, said Chairman of the Board of Representatives, Dr. Salim al-Iraq need to support and assist the Arab States in the war against gangs Daash terrorist. He pledged that al-Jubouri, House of Representatives, will spare no effort to provide all forms of support necessary to achieve the desired goal in the liberation of the province of Nineveh.
NOURI: RUMORS DAASH A DESPERATE ATTEMPT TO COVER UP THEIR DEFEATS
Nouri: rumors Daash a desperate attempt to cover up their defeats
Author: Publisher on:October 13, 2015
Baghdad / Center Brief for the Iraqi Media Network (IMN) spokesman denied the Badr Organization Karim al-Nuri, do Daash gangs poisoning the Tigris and Euphrates rivers, stressing that those rumors terrorist gangs resort to it to cover up their defeats and distracting people.
He said Al-Nouri's (IMN) he was "not able to those gangs poison the Tigris and Euphrates rivers, and this is nothing more than a media campaign followed the terrorist gangs," noting that "Daash use dirty methods and disseminating them to poison the Tigris and the Euphrates, the so-called Management of Savagery part."
"The terrorist gangs Daash distracting people want to cover up the defeats and reprehensible."
The committee and the defense of parliamentary security the middle of this year that Daash gangs used the last paper in terms of airing false rumors after the entry of the security forces to liberate Fallujah, calling for the defense and interior ministries to promote media effort to uncover the facts, including the spins of the fighting in Anbar and discredit those rumors.
Nouri said that "Daash do not hesitate to commit any crime but can not promote the genocide followed by the" past to say "Daash busy getting rid of air strikes carried out by the security forces and the forces of the popular crowd."
He continued, saying, "These rumors .. but they can not carry out any Shi".
He said he "was obtained and data gangs Daash movies after controlling large numbers of computers, mobile phones and compact discs have been submitted to the competent authorities to analyze the evidence contained some of which includes photos and names of terrorists and suicide bombers and confirmations to Anksaarham in Iraq."
The chairman of the parliamentary security and defense of quitting stressed the importance of the collection and the multiple intelligence agencies in a single device and warning of weak intelligence may cast a shadow on the security situation.
And dissemination center news for the Iraqi Media Network (IMN) terrorists who were killed in the heroic operation carried out by the Iraqi air force bombed the al-Baghdadi convoy near Karabilah area of western Iraq, including an adviser Abu Bakr al-Baghdadi military names which Haj Abu Ammar and an official of the security committee in gangs Daash terrorist Abu Azzam and the Iraqi envoy Baghdadi tenderness of Abu Abdullah Abu Saudi Arabia and Lebanon, which Jazrawi Arab official in Syria, Iraq, Saudi and Abu Qatada al-Shaibani, a Euphrates official state flags.
The cell media war, confirmed that the air strike targeted the convoy of a guerrilla leader Daash terrorist Ibrahim El-Badri al-Samarrai called Abu Bakr al-Baghdadi western Anbar province.
Star of Gazan, the Open: Mohammed Nasser
RUSSIA DESTROYS 86 LOCATIONS TO DAASH IN SYRIA
Announced that the Russian Defense Ministry, Tuesday, that Russian warplanes carried out 88 combat sorties during which destroyed 86 locations to organize Daash within 24 hours in Syria.
A spokesman for the Russian Defense Ministry, Major General Igor Konashenkov in a press statement that 'the Russian planes carried out during 24 hours 88 combat sorties and which has seen the destruction of 86 sites for the structure of the terrorists salute in the provinces of Raqqa, Hama, Idlib and Latakia and Aleppo'.
He added that 'air strikes targeted a field command centers and stores of weapons and ammunition, military vehicles rallies and plants for the manufacture of explosive material and field camps and bases of the militants'
Update: Sovereign Bonds
Do you recall that Mnt Goat told you that the bond drive for Iraq would not and could not be successful without the currency reform. This was just yet another unsuccessful attempt to raise the needed funds to offset their 2015 deficit. Remember they also tried the Tariffs and what happened? Once again a half hearted attempt to raise funds and it too was unsuccessful with currency reform.
Why were these programs unsuccessful due to not having the currency reforms completed?
Sovereign Bonds – Any offering would have to pay out a very high % yield according to Iraqi credit rating. The credit rating was low due to the ongoing ISIS war, corruption and unstable investment background. Do these items all sound familiar as to why Mnt Goat keeps saying they must be fixed to make it more conducive for investors to come into Iraq or invest with Iraq? Do you get my point now?
Tariffs and Customs – just by hastily implementing a law, such as what Iraq did with the Tariffs and Customs Act, will not necessary guarantee its success, especially in an unstable country like Iraq.
What they needed to do is have the IQD back on the global exchanges so they can easily make the conversions needed in the exchange for billing on tariffs payments. You see - cargo handlers do not pay tariffs like we would pay a car toll going across a bridge. Instead the payments are accumulated and billed out via a WTO system. The WTO gets a % of the tariffs and the rest go to the country, as agreed to as belonging to the WTO. Iraq is not yet part of the WTO as they need a tradable international currency first and so the can not tie into the system as of yet and the saga goes on and on and on…. So to make a long story short the tariffs are very difficult to enforce and implement unless you have all the pieces needed in play to make it work to any extent of high revenues. Remember that when Iraq does get their currency back online and the tariffs can be fully implemented the revenues from this entity alone will match closely to the currency revenues from oil. So yet there is huge potential for wealth for Iraq but it is just potential until the PTB and Iraq can make it all work. We know that there are influences facing Iraq that do not want it to work and we can consistently see these forces apposing the progress.
IRAQ IS HEADING TO BORROW FROM INTERNATIONAL INSTITUTIONS AFTER FAILING TO SELL TREASURY BONDS
Iraq has dropped from the sale of foreign bonds worth 6 billion dollars due to the high interest rate imposed by the international financial institutions, which may be paid towards the path of external borrowing to fill the budgets of 2015 and 2016 deficit.
And allow the budget in 2015, voted on by the House of Representatives earlier this year, the Ministry of Finance to borrow or issue of internal and external treasury bonds to cover the deficit, which exceeded 20%, due to lower oil prices.
Fadel said the Prophet deputy finance minister, last Sunday, that Iraq "halted its plans to issue international bonds because the interest rate will be high."
The Baghdad aims to raise about two billion dollars from an initial denominated in dollars version, part of a series versions were will reach six billion dollars.
MP says Awad al-Awadi (range), "The government has been unsuccessful in the subject of the issuance of treasury bonds because there are fears of imposing significant benefits to Iraq."
He said al-Awadi, that "the government and the Finance Ministry Oiguenta that these bonds were dedicated operating budget and not for investment and thus there are no an urgent need to resort to it, "asserting that" the Federal Ministry of Finance felt that there was no risk of the insured employees' salaries originally from oil sales.
"In the opinion of the Committee on parliamentary power by that" recourse to external borrowing must be dedicated to the investment and project task is not that the government bears the burden of overburden placed upon it in the light of the economic conditions experienced by Iraq.
"turn says Abdul Qader Mohammed Omar, a member of the Parliamentary Finance Committee, said that" our committee meeting with the Minister of Finance was focused on external borrowing issue and sale of Treasury bonds and the money that would have on Iraq.
"He said Omar, in told (range), "The Minister of Finance Parliamentary Committee told not convinced his ministry's external borrowing, which calls for financial companies, banks and the banks of the benefits of up to 11.5% per annum," saying it was "the profits outweigh the gains in circulation and the usual in economic markets."
It is noteworthy member of the Finance Committee that "the specific borrowing within the budget year 2015 by 6 billion dollars in order to fill the current year's budget deficit."
In the same context, draws Attorney Sirhan Ahmed, a member of the Parliamentary Finance Committee, that "the bonds Sticky sale in the budget law is not entitled to the Ministry of Finance terminated only all the way back to the House of Representatives for a vote.
"He added Ahmed (range) that" the Finance Committee in the House of Representatives will discuss the implications of this issue and its details at length in the meeting which will be held tomorrow (today) Tuesday, "noting that" these bonds raised to bridge the fiscal deficit interest up to 12%. "He said Kurdish lawmaker to" directed the Federal Ministry of Finance to borrow from domestic banks and the International Monetary Fund in order to repay year's budget deficit in 2015 of $ 25 trillion Iraqi dinars.
"He noted that" the Council of Ministers returned the draft budget to the Ministry of Finance For some amendments and additions made, "expected" and the arrival of law to the House of Representatives in a matter of ten days. "turn attribute Mohammed Emeritus, Economic Adviser to the House of Representatives, the reasons for the freezing of selling foreign bonds to" high interest, which will cost the Iraqi treasury large sums rate. "He added Emeritus , told the (range).
"The first batch of treasury bonds was worth two billion dollars," calling on the Ministry of Finance to "look for other sources to fill the coming budget deficit and is expected to reach 29 trillion dinars."indicates an economic advisor to the Board of episodes to " the existence of negotiations conducted by the Ministry of Finance with some international banks, financial companies and the International Monetary Fund and the World Bank in order to borrow to meet next year's budget deficit, "noting that" the Ministry of Finance has tours with these banks and companies to get the money to reduce the deficit in the budget of 2016 ". On the back Council of Ministers the draft 2016 budget to the Ministry of Finance, Emeritus says that this is due to "the government's efforts to reduce public spending and pressure ministries allocations as well as calculate the price of the barrel in order to reduce the size of the budget deficit next year." In the opinion
Parliamentary Counsel that "the adoption of the price of a barrel of oil dollars to 45 ordered exaggerated and need to reconsider in line with the size of the economic challenges facing the world price
Till next time…. Auf Wiedersehen!
Peace and Luv To Ya All,
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