Ocrush e-mail Jan 17th
THIS IS IT!!!! THERE ARE SIGNIFICANT DEVELOPMENTS THAT ARE TAKING PLACE IN IRAQ! THE DEPT. OF TREASURY HAS SENT HIGH OFFICIALS TO IRAQ. JOINING THIS GROUP YOU HAVE OFFICIALS FROM THE WORLD BANK, IRAQS FINANCE MINISTER, THE GOVERNOR OF CBI AND OTHER HIGH OFFICIALS (MINISTERS). THESE MEETINGS ARE TAKING PLACE WITH AMB. BEECROFT AT THE US EMBASSY IN IRAQ.
THE REASON FOR THESE MEETINGS ARE TO ADJUST THE FINAL BUDGET TO REFLECT THE NEW RATE. THIS HAS TO BE COMPLETED BEFORE THE LAST BUSINESS DAY OF THIS MONTH ( JAN. 31..THURSDAY). THEY WILL ALSO DISCUSS THE TARIFFS AND HOW TO ADJUST THEM TO REFLECT THE NEW RATE. THE TARIFFS WILL NOT BE IMPLEMENTED UNTIL WE SEE THE REVALUATION.
LET ME EXPLAIN TO YOU HOW THIS IS GOING TO GO!!!!
UNDER THE DEPT. OF TREASURY WE HAVE THE FINANCIAL MANAGEMENT SERVICE (FMS). THEY ARE IN CHARGE TO REPORT THE RATES OF EXCHAGE FOR ALL NATIONS (CURRENT AND HISTORIC).
Read More Link on Right
THE REASON WHY THE TREASURY DEPT. OFFICIALS ARE THERE IS TO ENSURE THE IRAQI OFFICIALS PREPARES ITS CURRENCY REPORT ACCURATELY (WITH NO ERRORS). NOW DO NOT LET THE QUARTERLY REPORTING THROW YOU OFF. THE CHANGE COULD BE DONE BEFORE THE END OF EACH MONTH (BUSINESS DAY) WITH AN AMENDMENT;))
THE STATEMENT BELOW IS TAKEN FROM THE LINK I PROVIDED BELOW:
"IF CURRENT RATES DEVIATE FROM THIS REPORT BY 10% OR MORE, TREASURY WILL ISSUE AMENDMENTS TO THIS QUARTERLY REPORT"
OKAY.......AND THE MOST SIGNIFICANT AMENDMENT FOR US IS THIS:
"AMENDMENTS WILL ALSO BE ISSUED TO REFLECT THE ESTABLISHMENT OF NEW FOREIGN CURRENCY"
IN CONCLUSION: I AM SOOOOO EXCITED..... THE US TREASURY OFFICIALS ARE THERE TODAY, NOT NEXT MONTH, TO MAKE SURE THE CURRENCY REPORT IS PUT FORTH CORRECTLY TO REVALUE THE IQD THIS MONTH!! THERE IS NO OTHER REASON FOR THESE OFFICIALS TO BE IN IRAQ!!!
HERE IS THE LINK! PLEASE PLEASE PLEASE READ IT CAREFULLY:
SteveI: Yes this is very positive. It will be all over before you know it.
Article from the other day:
Chairman of the parliamentary Finance Committee Haider Abadi, with a delegation from the U.S. Treasury Department last developments in the budget bill for 2013.
A statement from the House of Representatives received news agency Baghdad International / WAP / copy on Wednesday that the "Abbadi received a delegation from the U.S. Treasury Department and officials at the U.S. embassy in Baghdad, was discussed support the U.S. Treasury Department for Iraq and its role in the development of financial management in the Ministry of Finance counseling and observations in the areas of preparation of the annual budget and the tax side and related laws. "/ International / WAP / copy on Wednesday that the "Abbadi received a delegation from the U.S. Treasury Department and officials at the U.S. embassy in Baghdad, was discussed support the U.S. Treasury Department for Iraq and its role in the development of financial management in the Ministry of Finance, counseling and observations in the areas of budget preparation annual tax side and related laws.
We will keep you updated with more info very soon.