Chat Room Excerpts & Highlights
hutch says():Urgent .. International Monetary Fund declares conceived after 12 days in Iraq and two Ijmlh
Wednesday 30-03-2016 | 5:35:54 Twilight News / tote head of the IMF mission to Iraq Jooz Christian on Tuesday, the organization “Daash”, and continues to decline in crude oil prices, is responsible for the depletion of Iraq’s economic resources.
Jooz said after the conclusion of the IMF mission’s visit to Iraq after 12 days of talks with Iraqi officials, “The economic situation in Iraq has been traumatized as a result of armed conflict and oil, especially in the balance of payments and income from the general budget.”
And it made bilateral meetings between representatives of the Iraqi government and the Mission Fund, progress in reaching an understanding on economic and financial policies, which can be supported through financing “loan.”
The IMF mission will work in the coming period, according to its statement, to help Baghdad in the debt burden and measures to protect the poor, and the introduction of reforms in the public finances and improve the quality of public spending.
According to the International Monetary Fund, the rise in oil production it has resulted in areas controlled by the Iraqi government to reduce the decline in the local economy, but the gap in the balance of payments of up to 5.1% of the deficit in GDP.
Iraq relies budget by about 85% on oil revenues, prices of which have fallen about 70% since mid-2014, which is trading at a mix “Brent” the world below $ 40 a barrel currently.
This shrank real GDP in Iraq by 2.1% over the past year, due to the conflict with what is known as organized “Islamic State” terrorist outlawed in Russia, which led to the aggravation of deteriorating infrastructure and disrupt the movement of trade and declining investor confidence.
At the end of last year, in 2015, caused a decline in Iraqi financial revenues, a drop in the country’s foreign exchange reserves, worth $ 13 billion, to reach US $ 54 billion.
Read More :http://www.dinarupdates.com/showthread.php?32704-Urgent-International-Monetary-Fund-declares-conceived-after-12-days-in-Iraq
subgirl says to hutch():The IMF mission will work in the coming period, according to its statement, to help Baghdad in the debt burden and measures to protect the poor, and the introduction of reforms in the public finances and improve the quality of public spending.
pizzaman says to rcookie():GA…so with a completed SMP and SBA, what action can we look for next ?
rcookie says to pizzaman():ARTICLE VIII
pizzaman says to rcookie():OK…Thanks…so we should look for a formal announcement?…I thought I read earlier from someone that it had been achieved.
rcookie says to pizzaman():NO….THAT THERE IS NOTHING ACTIONABLE FOR THEM TO DO TO ACCEPT ARTICLE VIII OBLIGATIONS….
pizzaman says to rcookie():OK…for Iraq to do or the IMF to do?….if nothing actionalble to do then they are waiting on their Article VIII certificate?
RickeyT says to rcookie():from reading that article it looks like Iraq is not ready for the WTO
rcookie says():THEY WILL ACCEPT ARTICLE VIII DECLARATIONS…
rcookie says to RickeyT():????
RickeyT says to rcookie():war torn, deficites
pizzaman says to rcookie():Very Good….and that opens door for next desired actions….market actions?
rcookie says():19. A number of countries that have already notified the Fund of their acceptance of Article VIII obligations have continued to maintain existing or introduced new exchange measures.
A review of the staff reports for recent Article IV consultations with these members indicates that, presently, 18 members that have so notified the Fund maintain unapproved exchange measures that would not appear to be imposed for reasons solely related to national or international security.
15 Another 5 members that have acceptedArticle VIII obligations maintain approved exchange measures. The countries currently maintaining exchange measures hold about 10 percent of Fund quotas and represent a similar share of world GDP and world trade, which together with the share of countries availing themselves of Article XIV amounts to almost 20 percent of world trade.
rcookie says():20. These exchange measures are mainly of three types:
(i) limits on payments for invisible transactions (i.e., travel, medical, and educational allowances);
(ii) limits on transfers from nonresident accounts; and
(iii) foreign exchange budget allocation systems. Some of the exchange measures are evidenced by the existence of nonsovereign external payments arrears. Existing MCPs arise mainly from the use of special exchange rates for official transactions and the imposition of foreign exchange taxes and subsidies. The reasons generally given by countries maintaining exchange measures are discussed more fully in Section IVB.
rcookie says():HMMMMMM….WHERE HAVE WE HEARD ABOUT LIMITS ON PAYMENTS FOR TRAVEL…MEDICAL & EDUCATIONAL ALLOWANCES………HMMMM..SOUNDS FAMILIAR
Loop says to rcookie():Hey that’s been in the news!
pizzaman says to rcookie():a $3k limit if I recall correctly?
hutch says to rcookie():AND WITHIN THE LAST FEW WEEKS
Loop says to pizzaman():Bingo
rcookie says():NEWS……THE TRUSTED NEWS….LOL
hutch says to Loop():AWE MAN YOU JUST MADE 15 OLD LADIES MAD BY SAYING “BINGO”
rcookie says():AND REMEMBER THEY WERE IN ACCEPTANCE BACK IN 2013 AND HAD THAT 1 LITTLE INSIGNIFICANT BREACH THAT THEY WERE NOT ACCOUNTABLE FOR AND HAVE SINCE ADDRESSED WITH VARIOUS IMF METAC WORKSHOPS WITH….AND IN COMPLIANCE
dwightj says():SO ARE THEY IN ARTICLE 8
Martha Sue says to rcookie():thank you! I saw those expenses too and wondered what that meant! wowzers.
rcookie says():AND HERE IT WAS….
bigrudy says to rcookie():Any good news my friend?
rcookie says to bigrudy():READ THE NEWS……
bigrudy says to rcookie():I read the news but does it mean that Iraq need a rate change?
Loop says():Of all of the articles posted on the news forum which ones are the most important to read multiple times to gain a clearer understanding?
bigrudy says to Loop():Great question
msdiva says to Loop():just about all of them if i dont read them at least twice i wont understand a darn thing
bigrudy says to msdiva():so where are we now? That s the question
msdiva says():like the Article 8 i have no idea what its all about
msdiva says to bigrudy():im lost on that one
Loop says():The most imporant as they pertain to this investment would be anything dealing with IMF, UN, World Bank and CBI.
hutch says():PRIVATE SECTOR
Loop says():Especially the IMF. Understanding what they want to see is vital.
rcookie says():SO LAST TIME THEY ACCEPTED ARTICLE VIII OBLIGATIONS WAS 2013 WHEN THEY WERE FOUND IN BREACH OF SECTION 5…WHILE THEY WERE UNDER SBA THAT WAS APPROVED IN FEB 2010 FOR 3.63 BILLION….THE SBA EXPIRED IN FEB 2013….
_firefly_ says to Loop():IMO the IMF will not be the agency announcing the change
_firefly_ says to rcookie():Correct !
_firefly_ says to rcookie():IMO there won’t be any direct announcement at all
jimplants says():i do believe CBI will make that call
larrykn says to _firefly_():I would think it would be the cbi
Loop says():Then article sabout the amount of money that Iraqis can carry out of country start to make the picture much clearer. Hey they are actually doing the things that the IMF want them to do get Article status.
jimplants says():aand it will be on by the way we have changed our rate
rcookie says():AND WHAT DID THEY ANNOUNCE YESTERDAY WITH FF AND HUTCHES ARTICLE……CONCLUSION OF SMP…AND START OF SBA DISCUSSIOMS…
_firefly_ says():Look for keywords not announcements
Loop says():THEY ARE DOING EVERYTHING ON THE LIST
_firefly_ says():I’m not talking about Ali either lol
jimplants says():that may very well be it
Loop says to _firefly_():(y)
_firefly_ says to Loop():Yes they have 🙂
rcookie says():THIS WAS THE REST OF THEIR ARTICLE VIII BREACH DISPOSITION….
rcookie says():As the authorities have taken appropriate corrective measures since the purchase in March 2011, the Executive Board granted a waiver for the nonobservance of one continuous performance criterion (PC) and determined that no further remedial action is required in connection with its obligation to provide information under Article VIII, Section 5.
Loop says to rcookie():(y)
hutch says to rcookie():DONE
monique13 says():awesome!!!! gold star!
rcookie says():GRANTED NONOBSERVANCE WAIVER OF ONE CONTINUOUS PERFORMANCE CYCLE (PC) AND DETERMINED NO FURTHER REMEDIAL ACTION REQUIRED…..TOWARD ARTICLE VIII SECTION 5….
Canucklady says to rcookie():No more remedial action is required….. like the sound of that Thank You rcookie
rcookie says():The noncompliant disbursement arose as a result of misreporting on the observance of the standard continuous PC for the nonimposition or intensification of restrictions on the making of payments and transfers for current international transactions. In October 2012, staff learned that during the last quarter of 2010 the Central Bank of Iraq (CBI) issued three circulars on the daily
rcookie says():foreign exchange auctions that gave rise to exchange restrictions subject to IMF jurisdiction.
The circulars: (a) introduced maximum limits on the availability of foreign currency cash for individuals,
(b) introduced limits on the availability of foreign currency cash through the CBI foreign exchange auctions to money transfer companies and exchange bureaus, and
(c) introduced and
(d) later intensified a requirement to present a tax clearance certificate for firms to transfer funds in excess of certain amounts purchased through the CBI auctions.
rcookie says():HMMMMM ANYONE TAKE A GUESS WHY THEY WERE SLOW AND RESISTANT TO REPORTING ON AUCTION ACTIVITIES AND ACCOUNTABILITY….BIG SHOCKER RIGHT…..
rcookie says():The restriction on the availability of foreign currency cash for individuals was temporary, as the CBI repealed it in August 2011. The authorities have taken appropriate corrective action by removing the remaining restrictions in the course of 2013. On this basis, the Executive Board granted a waiver for the nonobservance of the PC.
Loop says to rcookie():Hand in cookie jar
puffdragon says to rcookie():Money laundering ! Maliki !
monique13 says():Temporary???
rcookie says():THESE ARE THINGS THEY WENT THROUGH IN 2011 THAT WERE IDENTIFIED AND ADDRESSED…HOWEVER ARE PART OF THE ARTICLE 8 OBLIGATIONS AND PROCESS….THEY REMOVED THE REMAININ RESTRICTIONS IN 2013^^^^
monique13 says():ahhh thanks
rcookie says():The Executive Board also found that the inaccurate reporting on the observance of the PC also gave rise to Iraq’s breach of its obligations under Article VIII, Section 5, of the IMF’s Articles of Agreement, which requires member countries to furnish such information as the Fund deems necessary for its activities, including information that is necessary to assess observance of PCs. The CBI introduced the necessary changes in its procedures in order to share circulars with the IMF in a timely manner and regularly publish the circulars on the CBI website
rcookie says():. In view of the commitment by Iraq to provide timely and accurate data to the IMF on the exchange system in the future, the Executive Board decided not to require any further remedial action in connection with the breach of obligations under Article VIII, Section 5.
SO THEY WERE FOUND IN VIOLATION…SPANKED AND CORRECTED…
R&R says to rcookie():*A member of the parliamentary finance: $ 300 billion is missing from the state treasury and the central auction stolen — 2.9.2016 11:20
“There are mafias corruption financial and administrative, political, and behind it and the issue is very serious and everyone considered it. ”
among Haider said,” who participate in the auction currency the central bank believe they are benefiting from millions of dollars a day either the Iraqi state, they do not benefit from it something of currency auction. ”
rcookie says():HERE IS THE LINK TO THAT IMF PRESS RELEASE…
https://www.imf.org/external/np/sec/pr/2013/pr13464.htm
_firefly_ says():These loans are extremely important
rcookie says to R&R():LIKE IVE SAID R & R….LIKE SEEING A DROWNING PERSON… AND DESCRIBING THE WATER TO THEM…
R&R says():LOL…. Just wanted to bring in the ink that they made very clear that there were shenanagins going on in the auctions
rcookie says():HERE IS THE ARTICLE VIII SECTION THEY BREACHED….
rcookie says():2013….BUT HAD ACCEPTED ARTICLE VIII OBLIGATIONS…
Loop says():So do you think the IMF would be willing to loan the 15 billions dolars over the next 3 years, if they saw any systemic issues with the way Iraq is currently doing things?
Martha Sue says to Loop():good point!
_firefly_ says():gREAT QUESTION LOOP !
_firefly_ says():blasted caps lol
NWBeauty says():they were schooled in the workshops
Loop says():ANSWER OF COURSE THEY WOULD NOT
rcookie says to Loop():GREAT POINT LOOP…..OR THAT THE NECESSARY PROGRESS IN PRIVATIZING THE 2 STATE BANKS AND BANKING SYSTEM IN GENERAL ….
NWBeauty says():special message reminders from IMF to CBI with kisses
Loop says():They had to have liked what they saw during the meeting in Oman.
rcookie says to Loop():THINK THEY ARE GOING TO CHANNEL FUNDS INTO A KNOWINGLY CORRUPT SYSTEM….FOR ANOTHER HELPING OF THE SAME…
rcookie says():THERE ARE 2 AREAS OF CONCERN TOWARD ARTICLE VIII……ANYONE WANT TO SEE THEM….
NWBeauty says():I do I do
Loop says():THINK THEY ARE IN THE BUSINESS OF GIVING MONEY TO COUNTRIES WHO CANNOT PAY THEM BACK?
Loop says():YEs course they want to see them!
rcookie says():THIS IS SECTION 5 WHICH THEY WERE IN BREACH OF…
Loop says():Will it require me to read something?
rcookie says():Section 5.Furnishing of information(a) The Fund may require members to furnish it with such information as it deems necessary for its activities, including, as the minimum necessary for the effective discharge of the Fund’s duties, national data on the following matters:
jimplants says():IMOall of this money will have an electronic trail there will be no hands in the cookie jar. that is the reason the UST is there
rcookie says to Loop():I CAN DRAW SOMETHING ON THAT NEW SCRIBBLY THING….
Loop says():Oh please do. I love pictures!
rcookie says():(i) official holdings at home and abroad of (1) gold, (2) foreign exchange;
(ii) holdings at home and abroad by banking and financial agencies, other than official agencies, of (1) gold, (2) foreign exchange;
(iii) production of gold;
(iv) gold exports and imports according to countries of destination and origin;
rcookie says():v) total exports and imports of merchandise, in terms of local currency values, according to countries of destination and origin;
(vi) international balance of payments, including (1) trade in goods and services, (2) gold transactions, (3) known capital transactions, and (4) other items;
(vii) international investment position, i.e., investments within the territories of the member owned abroad and investments abroad owned by persons in its territories so far as it is possible to furnish this information;
(viii) national income;
rcookie says):(ix) price indices, i.e., indices of commodity prices in wholesale and retail markets and of export and import prices;
(x) buying and selling rates for foreign currencies;
(xi) exchange controls, i.e., a comprehensive statement of exchange controls in effect at the time of assuming membership in the Fund and details of subsequent changes as they occur; and
(xii) where official clearing arrangements exist, details of amounts awaiting clearance in respect of commercial and financial transactions, and of the length of time during which such arrears have been outstanding.
rcookie says():(b) In requesting information the Fund shall take into consideration the varying ability of members to furnish the data requested. Members shall be under no obligation to furnish information in such detail that the affairs of individuals or corporations are disclosed. Members undertake, however, to furnish the desired information in as detailed and accurate a manner as is practicable and, so far as possible, to avoid mere estimates.
rcookie says():(c) The Fund may arrange to obtain further information by agreement with members. It shall act as a centre for the collection and exchange of information on monetary and financial problems, thus facilitating the preparation of studies designed to assist members in developing policies which further the purposes of the Fund.
rcookie says():THIS IS THE OTHER SECTION OF ARTICLE VIII …EXPERTS CONSIDER CHALLENGING IN TODAYS ENVIRONMENT…
David212 says():Hi traveling so picking up the great work of the mods and analysts piecemeal. The tarnslations are very hard to make sense of, for me anyway, but the funding from all international institutions is in the form of immediate loans which makes it imossibl e to divert the proceeds from there intended use.
Once the banking industry privateizes the misappropriation issue will gpo away on the finacial banking suystem functions normally. So is this an approach to speed up critical cash to desperate people?
rcookie says():Section 3. Avoidance of discriminatory currency practicesNo member shall engage in, or permit any of its fiscal agencies referred to in Article V, Section 1 to engage in, any discriminatory currency arrangements or multiple currency practices, whether within or outside margins under Article IV or prescribed by or under Schedule C, except as authorized under this Agreement or approved by the Fund.
If such arrangements and practices are engaged in at the date when this Agreement enters into force, the member concerned shall consult with the Fund as to their progressive removal unless they are maintained or imposed under Article XIV, Section 2, in which case the provisions of Section 3 of that Article shall apply.
rcookie says to David212():BINGO…….WITH ALSO THE BACKDROP OF THE UN PANEL BEING IN IRAQ TO ORCHESTRATE THE TRANSFER OF POWERS TO THE PROVINCES….SO THAT AS DEVELOPMENT FUNDS ARE DELIVERED THEY ARE RECEIVED AND EXECUTED AGAINST THE REQUISITE PROJECTS THEY WERE INTENDED FOR…..
rcookie says to David212():YES THIS IS A PLANNED STRATEGY AND MOVE AWAY FROM AN ADVISORY AND TECHNICAL ASSISTANCE ROLE TO A LOAN AND FUNDING CAPACITY…….
rcookie says to David212):WITH MONITORING AND ACCOUNTABILITY MECHANISMS IN PLACE…..
rcookie says():HERE IS THE LINK FOR ARTICLE VIII OBLIGATIONS FROM IMF…
Article VIII: General Obligations of Members http://www.imf.org/external/pubs…
http://www.imf.org/external/error.htm?URL=http://www.imf.org/external/pubs
dwightj says():ARE WE ALSO SEEING POWER SHAREING BEING IMPLEMENTED
rcookie says():YES….
dwightj says():OH MAN COOKIE THATS GREAT
rcookie says():AND FULL EXECUTION OF 2016 BUDGET INCLUDING AREARS PAYMENTS…..$2 BILLION BEING PAID TO OIL COMPANIES IN APRIL….
rcookie says():PAYING CREDITORS AND STATE CONTRACTS….BEFORE PAYING THEMSELVES……WHEN IN HISTORY HAS THAT EVER HAPPENED……EVER….EVER….EVER….
jeffjane says to rcookie():Have you ever heard “I get the feeling”
dwightj says():OH MAN I WANT TO JUMP UP AND DOWN BUT WILL SETTLE FOR CRYING TEARS OF JOY
dwightj says():FEEL LIKE A WIMP
hillandale says():just like the song Jump
ronda says():huge stuff last 2 days thank you everyone I work alot of hours you folks are the best
viacuda says():Hi Cookie, are you and BGG doing a call soon?
hillandale says():https://youtu.be/sh9wsrL43RY hillandale says():Van Halen!
https://www.youtube.com/watch?v=sh9wsrL43RY&feature=youtu.be
R&R says to rcookie(): If I may add rcookie….. tomorrow Parliament is also voting on the Final Accounts of 2007, which is also required under the SMP.
This is important not only because in was in those audits that the found Maliki had stolen 75 trillion dinars, but in order to adjust for the loss which has carried over for years, Parliament has to vote on accepting it as a “fee” to the 2016 budget.
If approved, this would allow them to officially close out the accounts, and close that financial chapter once and for all. Here’s the ink:
R&R says():The final accounts for 2007 reveal a waste of 75 trillion dinars
02/16/2016 Long-Presse / Baghdad Eight years after the Iraqi parliament succeeded to reveal the final accounts for 2007, which included a reference to the loss of 75 trillion dinars unaccounted details.
R&R says():The Commission emphasized, during the presentation of the report of the final accounts, that “the BSA statement illustrates the wrongfulness of conduct and how healthy behaviors and in particular that have a significant impact on financial transactions.”
The Commission pointed out that “the departments said in a report that the final accounts for the year 2007 were obligated to submit their final accounts in the year” in 2008.
R&R says():He pointed mheibes, (range), to “send the final accounts to parliament for a fee next year’s budget,” but he also said, “But what is happening now is contrary to the law and the Constitution.”
Pablo says():So are they in Article 8 now, or just getting into it?
da58 says():Jubouri: Parliament was “ready for the success of the reform process!
Baghdad / Iraq News Network suggested Parliament Speaker
Salim al-Jubouri, Wednesday, the Prime Minister Haider al-Abadi two options on the reshuffle, announcement to be with him, as he emphasized the determination of Parliament to complete legislation include amnesty law Jubouri package at a press conference in the House of Representatives today:
It is “at a time when the *House of Representatives confirms its intention to complete the legislation package into law a general amnesty and the law of the Federal Court* , the House of Representatives believes that the Prime Minister Haider al-Abadi two choices only two.”
he added al-Jubouri, said: “the first option is to submit the required specifications minister and dealing with crises, or the formation of a government of technocrats comprehensive “, stressing that” the parliament is ready in case the conditions necessary for the success of the reform process conditions.
“the State of law coalition called on Wednesday for an emergency meeting between Prime Minister Haider al-Abadi and heads of political blocs, one day before provide Abadi upcoming ministerial substitutions. http://aliraqnews.com/%D8%A7%D9%84%D…%D8%A9-%D8%A7/ LINK
dwightj says():I GOT A ? WHO DOES THE AMNESTY LAW GIVE OR TAKE AMNESTY FROM
dwightj says():AND FOR WHAT CRIMES
Loop says():Urgent .. Supreme Council of corruption takes decisions to the travel of officials and their property and their money
Wednesday 30-03-2016 | 9:38:20 Twilight Leoz / chaired by Prime Minister Haider al – Abadi on Wednesday a meeting with the Supreme Council for the fight against corruption.
He said Ebadi ‘s office in a statement, said that this meeting comes within the reform plans by the Prime Minister, where he was discussing the resolute actions that have been taken by the Council to prosecute corrupt, plans and strategies , which began to be implemented to reduce the phenomenon of corruption in the country.
He added that the Supreme Council for the fight against corruption has taken a number of decisions in this area, including: –
1. Support the Integrity Commission on the Prevention of travel officials who are under investigation procedures and based on the evidence available to it.
2. Support workers in the regulatory agencies (COI – Financial Supervision – inspectors general offices – judges – Monitor banking Directorate and credit) and provide them with protection.
3. The Central Bank of Iraq competent financial institutions to monitor accounts and assets of officials and follow – up according to the law.
4. Charge a member of the Supreme Council for the fight against corruption in coordination with the competent integrity judge and investigator integrity concerned to speed up the completion of procedures relating to the resolution of large corruption cases.
5 – Set a mechanism to check sources dealers entered the buying and selling of real estate. In addition to a number of other decisions of the actual contribution to fight corruption and prosecute corrupt and tampering with money Iraqis and put them behind bars.
Source http://www.dinarupdates.com/showthre…164#post149164
http://www.dinarupdates.com/showthread.php?32706-Urgent-Supreme-Council-of-corruption-takes-decisions-to-the-travel-of-officials-amp&p=149164#post149164
Loop says():Annagaz..altsoat scenario ministers Abadi provides Jaafari and al-Shahristani resignations
Political Since 30/03/2016 19:02 pm (Baghdad time) Special – balances News I learned / balances News / The Prime Minister will be presented on Thursday to the list of the first ministerial change includes seven ministries, as will be presented next Wednesday candidates for two ministries formed a knot over the past few days, the two ministries of Higher and external education and in the rescue scenario to see the response of the political blocs with the new list Abadi.
Correspondent / balances News / political it was agreed to provide al-Abadi on Thursday and the House of Representatives during the session seven ministries are “transport, health, agriculture, water resources, trade, finance and justice.”
He added, “according to the leaked scenario it and while the House of Representatives voted to approve the sidelines, candidates for these ministries, the Foreign Minister Ibrahim al-Jaafari and Higher Education Hussain al-Shahristani will present their resignations.”
He continued, “After that comes on Wednesday, the next prime minister candidates to fill the two new foreign higher education my bag.”
It was Saad al-Hadithi, a spokesman for the Prime Minister’s Office revealed extensive consultations conducted by the Prime Minister Haider al-Abadi to indicate the position of the political blocs in principle prepared Kan list of upcoming ministerial changes.
“The prime minister has a ready list of ministerial amendments can be submitted at any time, but was waiting for what Sntantj talks with him today and the position of the political blocs will be talking about the principle, which has prepared and the jurisprudence of this list and not the names of candidates.”
He pointed out that most of the political blocs sticking to nominate ministers as “prepared for the Committee of Experts list of ministers technocrats away from it,” .anthy 29 / tc n
Source
http://www.dinarupdates.com/showthread.php?32707-Annagaz-scenario-ministers-Abadi-provides-Jaafari-amp-al-Shahristani-resignations&p=149167#post149167
Loop says():according to the leaked scenario it and while the House of Representatives voted to approve the sidelines, candidates for these ministries, the Foreign Minister Ibrahim al-Jaafari and Higher Education Hussain al-Shahristani will present their resignations.”
Loop says():Foreign Minister Ibrahim al-Jaafari and Higher Education Hussain al-Shahristani will present their resignations.
daytrader says to Loop():Thanks Loop. If true, would uncomplicate Abadi’s life.
Loop says():Central sales rise today
Economy Since 30/03/2016 15:34 pm (Baghdad time) BAGHDAD – balances News Central bank sales recorded, Wednesday, in the auction for the sale of foreign currency to sell up to $ 82 million.
According to a statement of the bank it received / balances News /, a copy of which, “The size of the amount sold today reached 82 million and six thousand and $ 644, priced at 1182 dinars to the dollar exchange rate and with the participation of 26 banks and 17 financial company to convert.”
He added that “the amount of remittances and credits amounted to 51 million and 272 thousand and $ 477, while the quantity sold was 11 million in cash, and 120 thousand dollars.”
And the statement, that “the amounts transferred to the accounts of banks selling abroad is priced at 1190 dinars per dollar, and the cash sales price shall be the price of 1182 dinars per dollar,” .anthy 29/9 P
Source
http://www.dinarupdates.com/showthread.php?32708-Central-sales-rise-today-3-30&p=149168#post149168
rcookie says():Obeidi: joint Peshmerga forces with combat troops in the battle of Nineveh
By Roudao Two hours ago http://translate.google.com/translat….faceiraq.com/
hutch says():Parliament: “ready for the success of the reform process”
March 30, 2016-2:49 pm Baghdad/Iraq News Network-suggested House speaker Salim al-Jabouri, Wednesday, Prime Minister Haidar Al-Abbadi options on a cabinet reshuffle to be announced, confirmed the intention of the Parliament to complete the package of legislation include amnesty law.
Al-jubouri, said at a press conference in the building of the House of representatives today: that “while confirming House’s intention to complete the package of legislation such as the amnesty law and the law of the Federal Supreme Court, the House of representatives considered that the Prime Minister Haider Abadi two options: to them,” al-Jabouri, ”
The first option is to submit the required specifications for Ministers and crisis, or the formation of a Government of technocrats “, stressing that” the Parliament is ready in case the creation of the necessary conditions for the success of the reform process, “the State of law coalition called on Wednesday for an emergency meeting between Prime Minister Haidar Al-Abbadi and heads of political blocs, one day before the upcoming ministerial changes provide Abbadi.
Read More : http://www.dinarupdates.com/showthread.php?32710-Parliament-quot-ready-for-the-success-of-the-reform-process-quot&p=149171#post149171
cookie says():Interior reveal 300 cases of administrative and financial corruption in the past month
Department: security landscapeViews: 413Published on: Today, 10:44BAGHDAD / Hassan Shammari:
Announced the Office of the Inspector General of the Interior Ministry, on Wednesday, for monitoring 300 cases of administrative and financial corruption during the month of February, in his report for the month of February last for monitoring 300 cases of administrative and financial corruption were discovered in various joints of the Ministry of Interior during the month he came across the activities of its committees and Mvarzh inspection and audit by the exercise of its functions entrusted to them in the fight against corruption and evaluate the performance of employees in the ministry.
According to the monthly report issued by the Planning, Monitoring Division in the office and seen by “Sky Press,” “The Angels audit and financial control directorate has been able to restore (28,005,978) dinars to the state treasury and recommended that (69,049,713) dinars and prevented from waste (1,200,000) dinars, as also managed the Directorate of auditing 17 draft contract and expressed its opinion on the 67 council investigative She BSA by 147 improbable report to the Bureau reports it issued 98 reports.
rcookie says():”The inspection Baghdad Directorate has carried out during the month, 137 Tvicaa active and accounted for 34 of the Committee on auditing and had 7 visits resulted in the monitoring of 100 cases of administrative corruption and 19 cases of financial corruption,”
explaining that “the cadres of the provincial inspection directorate carried out 221 active Tvicaa through (166) Commission inspection and 49 of the Committee on auditing and 6 visits resulted in 151 monitoring the case of administrative corruption and 22 cases of financial corruption.
The report pointed out that “Monitoring Directorate and performance evaluation carried out during the month of February 10 committees of inspection resulted in monitoring 10 cases of administrative corruption and received 125 informing via the hotline Office of the Inspector General and through other sources provided by the Directorate for suspicions of corruption and violations and complaints,”
noting that “the Directorate monitoring is also able to send (3694) revealed financial interests form to the integrity Commission and the numerous visits evaluation of the various departments of the Ministry in Baghdad and the provinces. ”
rcookie says():The report regarding the human rights directorate has reported that “the directorate was able during the month of implementation of the 58 active and visitation of the positions of the ministry as well as interviews and visits by international and local human rights organizations and the meeting with civil society organizations and other activities. And received the Directorate during the month also 96 complaints and threw 22 lecture on arrested in attitudes. ”
rcookie says():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/
Dr Dave says():do they need a super majority for this or 164 votes?
Loop says():Coalition: 90% of the ministers who Siqdmanm Abadi tomorrow of his choice
Wednesday 30 March 2016 | 17:54 BAGHDAD / .. revealed a coalition of state law, Wednesday, providing Prime Minister Haider al-Abadi 90% of the new ministers technocrats of his choice and not a choice of political parties or forces.
The leader of the coalition, Saad logistical’s “Eye of Iraq News,” that “the rule of law face his deputies present at the session on Thursday to vote on the cabin New Abadi,” noting that “a coalition of state law authorized Abadi choosing his ministers out of the blocks or from within.” .
He predicted logistical, “The new cabins Abadi will pass on Thursday, even though a majority of the deputies adopted the rule of law and brings good intentions,” adding that “Abadi will provide 90% of the new ministers technocrats of his choice not choose the political forces.”
As he emphasized the Prime Minister Haider al-Abadi, on Wednesday, he will present the ministerial change to the House of Representatives as he promised during the parliamentary session on Thursday, calling on Parliament to resolve his order to vote on the cabinet. Ended 9
Source
http://www.dinarupdates.com/showthread.php?32713-Coalition-90-of-the-ministers-who-Siqdmanm-Abadi-tomorrow-of-his-choice&p=149175#post149175
Dr Dave says():will Sadr be satisfied come tomorrow?
Dr Dave says():I recollect a Few years ago when Sadr was refusing to bath….because of stalled laws
Dr Dave says():that did not work
BUCK says():well either sadr is forcing things or…..we are on the verge of things going wel and sadr is making noise so he looks like a catalyst……either way i hope we get paid lol
Loop says():Social and Economic Inclusion Key to Stability in Iraq
March 30, 2016 in Iraq Banking & Finance News, Politics, Security
World Bank Group President Jim Yong Kim (pictured) told a special session of the Iraqi parliament that the path to stability and shared growth in Iraq lay in empowering local governments, opening up and diversifying the economy, and improving the management of public finances by reforming the public sector and increasing accountability.
The speech came during a joint visit to Iraq by Kim and United Nations Secretary General Ban Ki-moon to show international support for Iraq as it confronts the triple challenge of defeating Da’esh, maintaining momentum on reforms, and coping with the financial impact of the fall in oil prices.
“Even in the face of substantial challenges, democracy is taking root in Iraq,” Kim told members of parliament.
“Iraq has chosen the path of political inclusion – a decision that created difficult challenges and holds great promise. It requires political compromises to build the broad coalitions needed to achieve national goals. As complex as it may seem, as difficult as it may be, political inclusion is part of the critical path to long-term stability.”
The World Bank Group president said that the new atmosphere of open competition among different perspectives and the difficulty of building the necessary coalitions to achieve national goals were a positive sign.
Kim drew on Iraq’s historical legacy for lessons on how the great civilizations had thrived by balancing central authority with local autonomy. “Let me suggest that the best way to protect and preserve the cohesion of the country is to do what your forebears did, “said Kim. “Empower all its regions, and to give more capacity to local governments, all the way to the municipal level.”
The World Bank president pointed to a recent US$350 million Bank-supported project that entrusted local authorities to rebuild infrastructure and restore services in areas liberated from Da’esh. It was an example of how bringing government closer to citizens underpins stability by restoring confidence in the state’s ability to meet basic needs
The speech also urged parliamentarians to unite around efforts to open up and diversify the economy, as another important step in unlocking Iraq’s immense potential. “You, the representatives of the people,” said Kim, “have the capacity to adopt laws that would open the door wide for young entrepreneurs, who are eager to take risks and engage in new ventures.”
In managing the financial crisis, Kim indicated that there was far more Iraq could do to strengthen its financial sustainability by improving the management of public funds and eliminating waste. Reforming energy subsidies was especially urgent as they were contributing to pervasive shortages of electricity. Replacing subsidies with cash transfers would better target and empower the most vulnerable.
Greater public scrutiny of government spending would also, Kim suggested, increase efficiency and contribute to the national priority of fighting corruption. Kim also said that a clear commitment to reforms would build confidence, which he hoped would lead to greater international support for coping with the impact of low oil prices.
The World Bank Group president also proposed using financial incentives to encourage local governments to be more accountable to citizens and provide better quality services. In view of the size of its economy and its strategic geographic location, Kim observed that the stakes were high in Iraq.
“We believe that Iraq’s success could bring stability and prosperity to hundreds of millions of people,” said Kim.
The joint visit to Iraq is part of a four-country tour that includes Lebanon, Jordan and Tunisia, to deliver the broader message of global support for the region as it copes with conflict and instability. Kim noted the recent US$1.2 billion loan to help Iraq weather its financial crisis — the Bank’s largest ever direct budget support in the region — as evidence of the Bank’s commitment to the country and its people.
Loop says():Over the past several months, the World Bank Group has reoriented its strategy in the MENA region to promote peace and stability as the necessary conditions for development. Working with partners, the aim is to focus directly on the causes of conflict, while helping countries address its consequences and to recover and rebuild. The new strategy is built on four main pillars:
-Restore trust between citizens and their governments with greater accountability and improved services,
-Promote increased regional cooperation around the shared priorities of education, energy and water,
-Support countries and communities hosting large numbers of refugees, to strengthen their resilience,
-Prepare for reconstruction whenever and wherever peace emerges.
To raise the volume of financing needed to implement the new strategy, and to rally the international community around the common goal of promoting peace and stability in the region, the World Bank Group has partnered with the United Nations and the Islamic Development Bank Group.
Together they have convened the international community to develop the New Financing Initiative to Support the MENA Region, which aims to:
1)provide concessional financing to support refugees and host communities in Jordan and Lebanon, the middle income countries of the region that have been the most impacted by the Syrian refugee crisis; and,
2)raise a greater volume of financing needed for post-conflict reconstruction and economic recovery for countries across the MENA region.
Importantly, this initiative will create a unique platform among multilateral development banks and the UN to strengthen coordination on development assistance to the region at this critical juncture.
At the Supporting Syria and the Region conference that took place in February in London, the World Bank Group announced that it will triple its investment in the region as compared to the previous five years. Funding from the New Financing Initiative to Support the MENA Region combined with current programs is expected to total about US$20 billion over the coming five years.
Next month, at the International Conference for the New Financing Initiative to Support the MENA Region – an event co-chaired by the leaders of the World Bank Group, United Nations and Islamic Development Bank Group – ministers from G7, Gulf Cooperation Council and broader European countries, as well as the heads of various international and regional organizations, will gather at the World Bank Group headquarters to pledge their support for the New Financing Initiative to Support the MENA Region.
(Source: World Bank Group)
Source
http://www.dinarupdates.com/showthread.php?32716-Social-and-Economic-Inclusion-Key-to-Stability-in-Iraq-3-30&p=149180#post149180
foxmulder says():https://twitter.com/SajadJiyad/status/715270088660754433
Martha Sue says to subgirl():Subby … I just found this … please watch this … before you fly out! I know you were concerned that there might be thunderstorms … but this will calm the seas! “How Great Thou Art!” http://faithtap.com/501/how-great-th…ikyard/#t/501
http://faithtap.com/501/how-great-thou-art-by-stikyard/#t/501/
msdiva says():Abadi better do what he said and get this done on Thursday I got a gut feeling hes going to back petal hes not acting like a good leader sorry maybe you guys feel differ
foxmulder says():https://twitter.com/AlFayth
msdiva says():any articles on Alak resigning
Loop says to msdiva():I disagree. If Abadi had compiled the list of new technocrats and rush right over to Parliament and handed it to them it would have given them to grandstand and posture (more then there already have). Instead I think that his strategie is to wait until the due date to put all the pressure on them to take action.
Loop says to msdiva():given them time to..
Loop says():Global financial safety net disappoint many emerging markets
3/31/2016 0:00 Morning / Agencies International Monetary Fund said in a new research paper published last week: The financial safety net set up by the central banks and exporters and the IMF have grown in recent years but have not succeeded in protecting many of the emerging market countries of the global economic shocks.
He said that the accumulation of reserves foreign exchange increased since the global financial crisis in 2007-2009 , although there are more bilateral swap agreements among central banks but that benefited mainly the developed economy.
The IMF said that some emerging economies may still suffer from financing gaps in times of crisis.
The paper aims which IMF staff prepared to launch discussions between Member States and 188 in connection with reforms to strengthen the global financial safety net. She said that the first step is to assess the appropriateness of the current system , which it described as a very fragmented and did not testing and costly.
It is noteworthy that Christine Lagarde , director of the International Monetary Fund called in February to expand the precautionary financing instruments to help emerging markets to cope with shocks.
During the financial crisis , the banks Central in the United States, Canada , European Union, Japan, Britain, Switzerland and activate swap agreements developed economies helped to contain systemic risk.
But emerging markets were not a party to this swap lines and had, according to the paper Monetary Fund to accumulate foreign exchange reserves are high cost.
One of the few options available resorting to emergency lending to the IMF’s trillion dollar reserves , but that carries a stigma market, political and perhaps approval be very slow during the financial crisis.
The paper proposed a reform option is to launch the rehabilitation process critical to reduce the recourse to lending reserves in order to obtain liquidity during the shocks of economic .
Another option is to strengthen the cooperation between the central banks and governments , regional and lending structures that make up the financial safety net , according to the paper. Source
http://www.dinarupdates.com/showthread.php?32720-Global-financial-safety-net-disappoint-many-emerging-markets-3-30&p=149184#post149184
Loop says():Proposals to overcome the financial crisis in the country
3/31/2016 0:00 BAGHDAD – The joy of pumice at a time of financial crisis countries stand out among other measures to overcome these challenges and promote the economy and this is what the government rushed to the support of experienced professionals, as adopted inter reforms backed praised by specialists, while others submitted proposals interrelatedness including the adoption of new laws.
Has praised economist Hamid Hamdani steps to provide support to the private sector for the development of its product quality and quantity of what contributes to move the wheel of the Iraqi economy.
Among »Sabah» that the private sector plays a vital role in the operation of the unemployed, led by graduates of universities and institutes in the financial and real estate, commercial, industrial, agricultural, service and tourism and the various branches of its investments small and medium industries.
He said al – Hamdani , the importance of the continued support of this sector as a sector producing goods and services essential and complementary to the citizen ‘s life by granting soft loans and providing fuel at subsidized prices, especially after the activation of the tariff laws, and other economic laws that support the wheel of the national economy.
However , he cautioned that employment is « a few» currently in this sector, as they are suffering from a shortage of funds, so called for continued development and support of the private sector to keep pace with its counterpart in the world.
As part of proposals aimed at promoting development in the country, urged the specialists group , including expert Mahmoud Alloush the adoption of new laws, including special legislation for infrastructure, especially that many job offers, and supports the reconstruction of service and development projects in the country.
Alloush said in a statement » Sabah », that« the adoption of such a law includes a huge investment projects to serve the country as a solution during the financial crisis faced due to lower selling prices of crude oil in the global markets, especially as the payment of the funds are in such laws on credit ».
He predicted expert that in the event was approved Thus the law it will save nearly a million jobs and operates dozens of laboratories and factories and stir wheel construction and reconstruction in Iraq.
Source http://www.dinarupdates.com/showthread.php?32718-Proposals-to-overcome-the-financial-crisis-in-the-country-3-30
watson1 says():http://foreignpolicy.com/2016/03/30/the-liberation-of-mosul-has-begun/
watson1 says(4:41 PM): http://www.newsweek.com/instagram-account-iraqi-special-forces-opens-vote-fate-captured-isis-fighter-441829
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