Chat Room Excerpts & Highlights
ol lar says():Hutch brought in an article about banks requesting to be switched over to intern’l banking standards. I thought they already did, but I am glad to see that’s not the case, I hold out hope a lot of things are ready to go like this , but can’t ,until the Exchange rate has 3 less zeros
ol lar says to rcookie():check this out,seems legit, http://www.mawazin.net/%D8%AA%D9%88%…A7%D8%B9%D8%B4 LINK
ol lar says to rcookie():Expectations of a recovery of the Iraqi dinar again after the end of the war on Daash — Since 03/03/2016 21:20 pm (Baghdad time)Image
It can not ignore the fact that Iraq is a big changes in the economy if the available investment opportunities and appropriate planning strategy to take advantage of its resources properly.
Iraq is on the verge Anfjarmen financial growth, which encouraged him to promote foreign investment in infrastructure, oil and manufacturing, this is what you go to him Wall Street Journal, the US, and provides a quick inventory of factors to achieve this,
including that “Iraq is a country of over 30 million people with the active workforce and education as well, which is a very attractive country for foreign investors and can attract Iraqi companies, foreign investors’ willingness to open a huge investment projects. ”
ol lar says to rcookie():Despite the announcement by US President Barack Obama to end military operations in Iraq it may take some time before the country reaches a stable and peaceful situation.
The paper says that “in spite of all these facts, we can not ignore the fact that Iraq’s solid state resources if placed under the authority of the administration to create investment opportunities and enormous changes occurring in the economy.”
And it stresses that “with economic development in a very short time when Iraq becomes one of the world powers.”
And it draws out that “the Iraqi government has taken several critical steps to boost the economy in Iraq, such as the government seeks to reduce the inflation rate from 19% to 6%.”
rcookie says to ol lar():THE CBI ISSUED AN ANNOUNCEMENT AND DIRECTIVE ON 1/7/16 TO TRANSITION FROM UNIFORM ACCOUNTING STANDARDS TO IAS (INTERNATIONAL ACCOUNTING STANDARDS)…
I PUT MUCH INFORMATION ABOUT WHAT THAT ENTAILS AND EFFECTS..ESPECIALLY CONCERNING IFRS…AML/CFT AND BSA STANDARDS ..ESPECIALLY TOWARD PUBLICLY TRADED COMPANIES….
ol lar says to rcookie():government has carried out several contracts with international companies to increase oil production, is expected until the end of 2020, oil production up to the level of 10 million barrels per day.”
Also it notes that “by this date, it is expected that Iraq will be one of the largest suppliers of oil.”
He says Iraq may become a timely manner, “the state’s largest supplier after Saudi Arabia and Russia,” but she pawned it to “the stability of the current oil prices.”
He believes that this “will move significantly the revenues from Iraqi oil which is actually good marks for the developments of the Iraqi econom
rcookie says to ol lar():I POSTED THAT YESTERDAY AFTERNOON…
ol lar says to rcookie(): And explains that “at the present time, locally traded Iraqi dinar only, and not in all parts of the world. It is likely to remain in this situation for a long time, depending on the ability of the country’s importation, and assess the level of consumption to ensure the preservation of the welfare of the Iraqi state,”
noting that ” currently the actual determination of foreign currency and actually depends precisely on the ability of the state in the completion of raising oil exports and the way they will try to organize the use of oil within the state. ”
It cautions that “most of the foreign exchange earnings of Iraq has nothing to do with the Iraqi dinar directly because everything is usually purchased in US dollars.”
The paper expects a recovery of Iraqi currency after the war ended with Daash he says it will be stronger after the federal government control over the vast supply of natural resources revenues.
ol lar says to rcookie():so question is when is the War with Daash over
ol lar says to rcookie():sorry didnt seee your post so is the war over when Mosul is fully recaptured?
rcookie says to ol lar():A PEACEFUL & STABLE SITUATION….AGAINST WHAT STANDARD…AND WHO DECIDES THAT…
ol lar says to rcookie():yes
rcookie says to ol lar():THE INCREASE OF PRODUCTION PROJECTIONS SEEM REALISTIC….
ol lar says to rcookie():On the last gatekeepers call, they said that a Prophesy expert claims that at the exact same time that Maliki was sworn in, There were world wide seismic activity in more places around the world than was ever recorded before, that would be interesting if true
rcookie says to ol lar():THEY ACKNOWLEDGE IRAQS HUGE POTENTIAL FOR INTERNATIONAL FINANCIAL GROWTH….AND FOREIG INVESTORS WILLINGNESS TO PARTICIPATE IN HUGE INVESTMENT PROJECTS…
ol lar says to rcookie():sorry to change subject
rcookie says to ol lar():GREAT QUESTION & POINT OL LAR….WHAT STATUS OR GOAL ATTAINED WILL DEFINE A STABLE AND PEACEFUL STATE…AND WHO DECIDES….
rcookie says to ol lar():WHAT DO YOU THINK ABOUT….
BGG says():I can tell you why DD does that – R-A-T-I-N-G-S… period. It is no more difficult to understand than this…
BGG says():OK… just got busted. Back to the couch (on my phone)… 🙂
BGG says():You guys gotta’ quit gettin’ me in trouble!!
David[X25SNDAUGTUKHUQWI6BTABCMVI@yahoo..] says():Can you imagine the global growth that will result from the uprooting of corruption WW . Di Silva inn Brazil today. A trillion dollars has been stolen by countries goernments easily. That is not even the private sector. This Brazilian Petrobras could represent the begining of a global trend now that is bullish.
Josie says():Rafid Jaboori: (former spokesman for Iraqi PM) “#Iraq Shia cleric Moqtada al-Sadr calls for comprehensive reshuffle in cabinet of PM Abadi”
Josie says():Wont be long now….
sheila3 says to Josie():GA (y)
Josie says():I know its not new news, but always great to see it in media circles and social media.
bigrudy says():Any good news?
sheila3 says to bigrudy():chat room is back up,there has been no news the room was down 🙂
flint says(): rcookie brought this in earlier [8:39 AM] rcookie deberry: E. Public Financial Management Reforms27. In order to strengthen fiscal discipline, the government will implement the following measures:
flint says():[8:39 AM] rcookie deberry: Survey, audit and pay domestic arrears. As a first step, the Ministry of Planning will complete, by end-February 2016, a survey of domestic arrears on investment spending accumulated by all ministries as of end-September 2015 (structural benchmark, Table 2) and the Ministry of Finance will complete a survey,
also by end-February, on current spending arrears accumulated by the same units as of end-September; in addition, similar surveys of arrears as of end-December2015 by end-March 2016, and as of end-March 2016 by end-May 2016 will be completed.
flint says(): [8:40 AM] rcookie deberry: On the basis of each of these surveys, the government will prepare plans for the orderly payment of the arrears, which will include an independent audit of the arrears and a repayment schedule in line with the government’s financing capacity.
As of end-April 2015, the government identified ID 7.3 trillion in domestic arrears, out of which ID 5 trillion accumulated in 2015 (¶13); the Board of Supreme Audit will audit these arrears to check their validity by end-February 2016. So far, the government has included ID 2.4 trillion for the repayment of domestic arrears in its revised2016 budget
flint says():angus: so JR do you see it as nothing can happen until after the last audit is completed in may?
flint says(): [10:12 AM] larrykn: angus I think the audit is already done
thenextbigidea says(): http://iraqfinance.symexco.com/
http://iraqfinance.symexco.com/
rcookie says():ARE WE LIVE AGAIN….
rcookie says():ARE THE CHAT LOGS UP FROM THIS MORNING…
jarhead says():idk
BGG says to rcookie():I doubt it – there was no one here to collect the chat logs.
rcookie says():in arrears to foreign companies: Deputy Minister
March / 04/2016 Iraq will pay foreign oil companies about $ 2 billion in remaining arrears for 2015 this April and expects to reach an agreement over contracts by half-way through the year, the deputy oil minister said.
International firms such as BP, Royal Dutch Shell, ExxonMobil, Eni and Lukoil operate in the southern oilfields under service contracts, whereby they are paid a fixed dollar fee for additional volumes produced.
Those agreements have put Baghdad’s coffers under immense strain as government revenues plunge due to slumping oil prices and Iraq is in talks with foreign companies to link the fees they receive for developing its fields to crude prices.
“The new amended agreement will help to prevent inflating production costs and getting Iraq in debt,” Fayadh al-Nema who is in charge of upstream operations told Reuters in an interview in the southern oil city of Basra.
rcookie says():Nema said a deal with PetroChina, ExxonMobil and other energy companies could be reached by the middle of the year over investing in a project to boost output from its smaller southern oilfields.
The multi-billion dollar “Integrated South Project” consists of building oil pipelines, storage facilities and a seawater supply project to inject water from the Gulf to maintain pressure and enhance oil recovery.
Investing companies will help raise production from the Artawi and Nahr Bin Umar oilfields and build energy infrastructure. Revenues from rising output from the two oilfields will be used to repay investors, Nema said.
Nema also said Iraq was working with BP to upgrade an old water injection facility in Garmat Ali, north of Basra, to provide oilfields of Rumaila and Zubair with water needed to boost output.
The project is currently pumping more than 1 million barrels of water per day, with plans to increase output to 3 million.
Iraq is in talks with foreign engineering comp
rcookie says():companies to build a new onshore oil port to expand the country’s export capacity. The new port will have an export capacity of 2.5 million barrels per day.
“We have picked the ideal location for the new oil port that will ensure we have all the flexibility needed in shipping additional oil,” Nema said.
Read More :
http://www.dinarupdates.com/showthread.php?31097-in-arrears-to-foreign-companies-Deputy-Minister-3-4&p=146663#post146663
rcookie says():Iraq-Turkey oil pipeline ‘to restart within days’
An oil pipeline linking northern Iraq to Turkey which has been out of service since Feb. 17 is expected to resume operations “within a couple of days”, the chief executive of Genel Energy, one of the main oil producers in the Kurdistan Regional Government (KRG), said, as reported by Reuters.
The Turkish government was reinforcing security measures on the pipeline and these changes should limit downtime of the pipeline over the course of this year, he said on March 3.
“We are expecting within a couple of days the pipeline will be up and running,” Murat Özgül told analysts.
A source within the KRG told Reuters on March 1 the pipeline would be repaired by the end of the week. March / 04/2016
http://translate.google.com/translat….faceiraq.com/
http://translate.google.com/translate?depth=1&hl=en&prev=search&rurl=translate.google.com&sl=ar&u=http://www.faceiraq.com/
Read More :
http://www.dinarupdates.com/showthread.php?31097-in-arrears-to-foreign-companies-Deputy-Minister-3-4&p=146663#post146663
rcookie says():WHY IS THAT IMPORTANT…
rcookie says():ZZZZZZZZZZZZZZZ
rcookie says():ARREARS ADDRESSMENT….2 BILLION GOING TO BE PAID IN APRIL TO OIL COMPANIES…
jarhead says():to show they mean well ??
jarhead says():or good intensions
Carl_H says():we want to know???
jarhead says():enquiring minds want to know
jarhead says():(lol)
Carl_H says to jarhead():Are you back in the area?
jarhead says():yes
jarhead says():layed off again lol
dinarmassa says():dollars or dinars
Carl_H says to jarhead():Thought I saw that earlier
jarhead says():just applied for a construction supt. with xcel
Carl_H says to jarhead():hate to hear that
jarhead says():hope i get it
jarhead says():tired of the oilfield
jarhead says():i have the credentials just hope they see me
Carl_H says to jarhead():sounds good, hope you get the job
jarhead says():thank u me too
RickeyT says(): I think we are a ways off, MD news days have cut way down and no more round table speaks to me
thenextbigidea says():Iraq will have the extra money in April to pay what was owed in 2015?????
BGG says():RickeyT – MD hasn’t been here for a lot of other reasons. Not a lack of interest.
BGG says():RickeyT – and I have been out some because I have a couple of big projects to get finished (and that pesky “Dying on the table thing”)…
BGG says():RickeyT – NOT BECAUSE I (or others) are losing interest. This is an investment… maybe people should quit listening to stupid rhetoric – and treat this like an investment.
BGG says():in fact, as to my own personal interest – I am VERY interested. This is IT. THE INVESTMENT…
BGG says():BBL
larrykn says():BGG if people don’t start treating this as an investment they will lose it all in no time
poppy3 says():I BEEN TELLING YA’LL FOR YEARS THE PEOPLE IN THIS ARE NO DIFFERENT FROM LOTTO WINNERS 78% WILL LOSE IT ALL IN LESS THAN 5 YEARS AFTER THEY RECIEVE IT BECAUSE THE WILL NOT PREPARE , STUDY, TRAIN, LISTEN TO ADVISE IN ADVANCE OF RECIEVING THE BLESSING.
SAD BUT I ASSURE YOU VERY TRUE. HOW MANY TIMES OVER THE YEARS HAVE THEY BEEN INFORMED THIS IS A INVESTMENT JUST LIKE PEPSI COLA OR ANY OTHER IT WILL TAKE TIME TO COMPLETE OR BUILD A NEW GOVERNMENT AND STRUCTURE IN IRAQ.
ITS A SHAME HOW MANY GREAT RESEARCHERS THAT HAVE QUIT BECAUSE OF THE CRY BABIES THAT CONDEM THEM FOR THE NEWS THEY POST WHEN THE MEDIA OR SOURCES WHERE WRONG.
CHAT PEOPLE IMMEDIATELY TURN ON THE RESEARCHER LIKE THEY WHERE THE SOURCE . REDICULAS AND I MIGHT ADD THIS FROM DO NITHINGS THAT NEVER CONTRIBUTE ANYTHING POSITIVE OR ENCOURAGE ANYONE.
THIS IS A GREAT INVESTMENT THAT WILL REWARD MANY AND IT IS GETTING CLOSER BY THE DAY. IF YOU DONT LIKE THAT GO GIVE YOUR DINAR TO SOMEONE ELSE AND QUIT CRYING TO EVERYONE HERE. POPPY3
poppy3 says():ALL REPORT STILL SHOWING THEY ARE IN URGENT MODE TO MOVE TO MARKET ECONOMY.
WAS TOLD A HOUR AGO THE CLERGY HAVE ASK , DEMANDED ABADI GET THE JOB DONE BY THE 11TH.
I REALLY THINK HE WOULD HAVE MET THE MARCH 1 DATE IF IT WHERE HUMANLY POSSIBLE BUT HE CAN’T DO IT ALL HIMSELF SO A DATE LIKE THE 11TH STILL MEANS ZIP WITHOUT CO-OPERATION FROM OTHERS IN KEY POSITIONS THAT DO ALL THEY CAN TO BLOCK HIM.
ASK YOURSELF HOW MANY BLOCKS HAS HE ALREADY REMOVED ??? MANY AND HE WILL GET THERE AS SOON AS HE POSSIBLY CAN . POPPY3
poppy3 says():I SUGGEST YOU TALK TO A MILITARY LEADER IN IRAQ NOT LISTEN TO OUR NEWS MEDIA. MOSUL IS NOT AND NEVER YET BEEN UNDER CONTROL OF ISIS.
YES ISIS IS THERE IN SMALL GROUPS MOST HAVE FLED TO THE BORDERS BUT THE HAVE NEVER CONTROLED ANY PART OF THE CITY ACCORDING TO TROOPS SERVING THERE.
I MIGHT ADD THEY DISPISE OUR MEDIA FOR MAKING THEM LOOK LIKE THEY ARNT OR HAVENT BEEN DOING THEIR JOB. THEY KILL ISIS EVERYDAY AND NEVER GET CREDIT FOR THEIR PERFORMING THEIR JOBS. POPPY3
Dr Dave says():Not much out there on the massive demonstrations scheduled for today
Baxter1243 says():I still believe that Mosul is going to have to be freed of ISIS before anything happens with the Dinar… I guess we will know sooner or later..
valkyrie says):I think ISIS or some form of it will always be an issue……..so that won’t slow down a rv……
jeffusa says to valkyrie():I think they will always have pockets of ISIS, but I think control of Mosul is important..
Hutch says():Sadr calls on foreign embassies to leave the green zone 2016/03/04
A student leader of the sadrist movement of Moqtada Sadr said Friday, some foreign embassies in the green zone to “silence” or out of the region, and expressed his astonishment of pretending to support people denounced the return of “voice of the people, empathize with the vigil does not work alone.
Sadr said in an address to the demonstrators, the Iraqi people and its lackey (range), that “everyone should comply with the voice of the people both inside the red zone (green) of Iraq politicians or members of his Government or of some foreign embassies and which renounce silence or leave that region particularly called defending the oppressed and I have this”.
He said Sadr, addressing the demonstrators “are not you who wants one authority or infringe upon the security of the punishment but had misinterpreted the literature, and wonder all the wonder of people pretended to support out denounce the people’s voice
Hutch says():And between that “protest she stood you’ve got internal and external sympathy unmatched except ragtag muggers and users however this sympathy does not work alone but everyone reunited for the triumph of the revolution of reform and for the triumph of the revolution of the oppressed and to the triumph of the revolution of the people without a drop of blood is one unless stakeholders provide dolls for your rescue.”
http://www.microsofttranslator.com/B…25A7%25D9%2584 LINK
Read More:
http://www.dinarupdates.com/showthread.php?31109-Sadr-calls-on-foreign-embassies-to-leave-the-green-zone
Read More: http://www.dinarupdates.com/showthread.php?31085-Friday-March-4-2016
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