Chat Room Excerpts & Highlights
Pablo says():Anyone get what BGG was trying to tell us last night?
CeeCee says():tried…but …nope
Pablo says():Me neither. Something about the importance of who owns the CBI and who owns the dinars, but he left before he could finish.
CeeCee says():and that they are taking their own $? how bout rothschilds? i’m sure idk
Pablo says():It wouldn’t surprise me.
da58 says():Rafidain Bank announces the restoration of funds “waste” from abroad
07/05/2016 13:14 Number of Views: 193
BAGHDAD / tomorrow Press: Rafidain Bank announced on Saturday, restore money for “waste” from abroad and achieve a “financially strong” balance within the Iraqi market.
The general director of the bank on behalf Kamal al-Hassani said in a statement “tomorrow Press” received a copy of it, that “the bank is working continuously to improve its performance and improve its functions and services provided to customers in addition to his followers the latest techniques and methods and legal sound used internationally to keep a tally and strengthen the trust of citizens in the reputation of the bank.” .
He said al-Hassani, that “the management of the bank and in cooperation with the Ministry of Finance contributed to the restoration of the money wasted in the market and in overseas and has worked since it came to office in accordance with the solid strategy based banking and financial contexts adopted in major international banks plans, which contributed to a strong financial balance.”
He said al-Hassani, that “the management of the bank is still working on the development of the banking sector and supplement the state institutions and lending to each to enable them to perform their responsibilities properly,
which contributes to get out of the financial crunch faced by the country and the development of new mechanisms and facilities to the largest amount of frozen savings of citizens to attract in order to develop investment and Mateksh positive results from the various sectors. ”
Pablo says():Just to make a few trillion more.
da58 says():
http://translate.google.com/translate?depth=1&hl=en&sl=ar&tl=en&u=http://alghadpress.com/ar/news/54074/-
CeeCee says to Pablo():right, one can never have —enuf shoes
Pablo says to CeeCee():Especially parliament. 🙂
CeeCee says to Pablo():i believe in Abadi… and the 2-3 ltr agencies and the urgency of this mission this time… its all very interesting. i love history and current history in the making
bouch69 says():That was a mind blowing info roll out by BGG last night. Frightening. How does trillions of US assets get stolen and the dumb ….. US public has no clue. Now we are going to a billion dinar float over time. Any the world leaders who have stolen for decades are being challenged . No wonder the global recession has been overhang for a decade.
jd says():I really hope that our RV is not dependant on Iraqs parliament.
DIGIman1 says():Chat Copied ~~~~~Brought to you by ‘Darnitol’ – for when you’ve just had enough…
Pablo says():Well, if the Rothchilds have been stealing dinars with the intent of making money off of it, then they’ll puch it through.
CeeCee says to Pablo():for me, having access to rcookie, wmawhite, millionday, holly & others has made waiting so much easier. no more rollercoaster.. in 2 yrs now. the usa $ that was stolen i thought it was from several yrs ago… altho i guess not
da58 says():I’m pretty confident that like bgg said – this IS REFORM – we’re watching it, and it will be resolved..
bouch69 says():Me to
Pablo says():I think you’re right, but I wish they would have it done already.
da58 says():noone said it would be picnic cleaning house, getting rid of this corruption.. and I agree it’s quite exciting to witness…
CeeCee says to da58():yep… think we have been since at least january?
da58 says():JUST IN CASE VISITING IRAQ IS ON YOUR POST RV BUCKET LIST… WE”RE ALL GOING TO HAVE GREAT PLACES TO STAY NOW… START PLACING YOUR RESERVATIONS NOW…
da58 says():”Sunset Hotel” US plans to set up two hotels near the Imam Ali shrine and opened, likely early 2018 07/05/2016 (00:01 pm) – the number of readings: 62 – the number (3638) Baghdad / long-Presse
Announced Wyndham Hotel Group , the US firm, its plan to create two hotels four – star , 800 meters from the shrine of Imam Ali in Najaf, part of a series Ramada hotels, but pointed out that the two hotels Sadman 485 room and salon as well as internal and external lakes, and predicted their achievement early 2018.
She Wyndham Hotel Group , the US firm, (Wyndham Hotel Group), specialized in the creation of world – class hotels, in a statement, I got ( the long – Presse), a copy of it, that “there is a plan to create two new hotels in the city of Najaf within the agreement announced with Bo group fifty Holding Kuwait Real Estate, Tourism and trade,
under which the establishment of two hotels four – star will be two Ramada Plaza Najaf, “Ramada Plaza Najaf” and the Ramada Hotel & Suites Najaf hotel, “Ramada Hotel & Suites Najaf” , indicating that ” the two hotels Siqaman right beside the electricity Street after only 800 meters from the shrine of Imam Ali. ”
She hotel Group, that” the hotels are located in a series Ramada hotels sponsored by the Wyndham hotel Group company in Iraq as the second and third two hotels after the Ramada Sulaymaniyah , “explaining that” Plaza Najaf and aT & Suites Sadman 485 room and salon. ”
for his part, Director of the Wyndham Hotel Group company for the Middle East Dan Rove, according to the statement, ” The Najaf religious city of vitality witnessing weekly arrival of thousands of Iranian pilgrims and other areas, and this is the growing number of visitors looking for accommodation with excellent quality and we provide this applications through a series of Ramada hotels. ”
said Rove, that” the Ramada Plaza Najaf Hotel , which will be located in the electricity street in the city and consists of 225 rooms in addition to 20 Suita fits the various needs of our visitors and financial abilities, as well as other private rooms Balqaouat with Hall area 800 square meters , suitable to host business and special events business meetings , “noting that” The hotel has multiple and diverse means of entertainment , including an extensive lagoons internal, and external as well as the sulphurous water pool for recreation. ”
said Rove, that” the Ramada hotel hotel Inn & Suites Najaf, associated former counterpart, comfortable accommodation through the studios rooms number 149 Studio with 91 apartments with one bed Pfdhaouat ideal options are available in it, as well as the halls of the extra meeting, restaurants and halls of rest , “pointing out that” guests Suites Najaf could use recreational facilities at the Ramada Plaza Hotel next door . ” .
he said Rove, said that ” the two hotels will contribute to absorb the momentum of the next huge crowds to the city of visitors to the holy shrines, as well as it will provide more than 465 jobs for local workers of the city , ” noting that “it is expected to open the doors of the two hotels for visitors in the middle of the year 2018 “.
http://www.almadapaper.net/ar/news/509425/%D9%87%D9%88%D8%AA%D9%8A%D9%84-%D8%BA%D8%B1%D9%88%D8%A8-%D8%A7%D9%84%D8%A5%D9%85%D9%8A%D8%B1%D9%83%D9%8A%D 8%A9-%D8%AA%D8%AE%D8%B7%D8%B7-%D9%84%D8%A5%D9%86%D8%B4%D8%A7%D8%A1-%D9%81%D9%86%D8%AF%D9%82%D9%8A%D9%86-
DIGIman1 says():beat the rush eh?
bouch69 says():I was a naive idiot when I intially got involved this has been quite the learning experience. The good news is that all of us will have some money to escape the structural damage these theifs have caused to long term growth and declining income
da58 says to DIGIman1():yeah!! (lol)
bouch69 says to DIGIman1():book early (H)
Pablo says():I’m not going to Iraq. Not unless there’s a massive Christian revival and the place becomes full of believers.
DIGIman1 says to bouch69():after being in this for about 5 years, i can clearly state…i am still a naive idiot…
da58 says():OPEC PROBLEMS…. Official “OPEC” mourns the organization!
News Source: Ali Abd al – Salman May 7, 2016 6:27 Number of readers: 2
Officials from the Organization of Petroleum Exporting Countries “OPEC” held a meeting in Vienna, Monday, May 2 / May, to formulate a long-term strategy.
And the transfer of two sources present at the meeting for a frustrated officials from within the organization as saying: “OPEC is dead.” Where he announced that according to sources, is a delegate from a Gulf country, he was arguing with a representative of Saudi Arabia on whether the organization should continue targeting price levels policy.
And still Saudi Arabia, OPEC’s most powerful kingpin, sticking to its position that the collective action for all producers is the perfect solution for the oil market, which have fallen since mid-2014.gar that what happened in the “OPEC” delegates meeting Monday, May 2 / May in Vienna, suggests that if ago in the UK this approach will lead to the writing of the death of one of the key strategies of the organization, and of world oil prices management certificate by regulating supply.
On the other hand, sources familiar with the views of Saudi Arabia, sources said, it has seen a major shift in thinking, as currently Riyadh believes that targeting a specific level of prices has become useless because the weakness of the global market reflects structural rather than a temporary trend changes.
And suffer “OPEC” of an actual split on how to deal with the drop in oil prices, also caused tension between Saudi Arabia and Iran’s arch-rival in the collapse of the first agreement in 15 years to freeze crude production, in order to assist in the promotion of world prices.
And it floated those tensions to the surface again during the Board of Governors meeting of the “OPEC” that puts the long-term Strategic and attended by delegates of member states who who report to the oil ministers in their countries.
Iran says actress Bmhafezha OPEC Hossein Kazempour Ardebili: “This is precisely what the organization was founded for, and therefore the” effective management of the production should be a long-term objectives.”
However, according to sources it confirmed that the governor of the Saudi Mohamed Al-Mady said he believed “that the world has changed a lot in the past few years, to the point that this is an attempt to do something does not become pointless.”
Quoted sources familiar with the discussions as saying the Saudi ambassador to his counterparts during the meeting: “OPEC should be aware of the fact that the market has seen structural changes, which is evident in the market to become more competitive to be a monopoly.”
Mohamed Al-Mady said: “critical result is that there will be no gain free to others anymore.” Stressing that it “should be on some OPEC members to do first is demanding of others are doing.”
This source said “OPEC” from outside the Gulf states: “Saudi Arabia is no longer give a **** for OPEC. They are focused on the US shale oil, Canadian oil sands, and Russia.”
Source: “Reuters” http://burathanews.com/news/292246.html
CeeCee says to da58():i would mind seeing some things there, but physically wouldnt be able to do so… but thats ok… san miguel de allende — is my hope …art city and beautiful old buildings and houses…
DIGIman1 says to larrykn():finally the weekend! ugh..
DIGIman1 says to bouch69():i watched and researched this for over a year before i got involved….theres a lot more to this than most realize….
bouch69 says to DIGIman1():Oil trades like next stop is $70
bouch69 says to DIGIman1():Of that I am sure , not much else but that fact
CeeCee says to DIGIman1():yep… i didnt research as i was gifted some after i got out of hospital 2013 and was depressed beimg stuck on hspital bed for 8 months….my cousin thought it would cheer me up if it rv’d asap…. nope… but time on my hands and i researched after and still doing so
CeeCee says to DIGIman1():and when i could go out again, i bought more ….
bouch69 says to DIGIman1():Digi would you pass this on to BGG I have to go out. I really appreciate it He cares on Gold
http://www.businessinsider.com/demand-for-physical-gold-is-exploding-2016-5
da58 says():Legal Expert: Lack Cabinet’s ability to solve the government’s three sessions held
History of edits:: 2016/5/7 12:03 • 409 visits readable
Legal Expert: Lack Cabinet’s ability to solve the government’s three sessions held
{Baghdad} Euphrates News said the legal expert Aboud Al-Hamami, if not to the Cabinet’s ability to hold three consecutive sessions of the lack of quorum, “after deciding to take place,” leads to solve the government.
He said Hamami told {Euphrates News} “The rules of procedure of the Council of Ministers refers to the council if it is held three sessions, there will be a solution to the government,” explaining that this would be “after the council decide to hold hearings, but it does not hold for lack of quorum required.”
He added that “the Council of Ministers when it convenes to pass decisions on the least number of votes for half +1”, noting that “we now have 20 ministers, but this number detracted ought to be there every session 11 votes on each resolution to be submitted to the Council any 10 +1” adding, but “now there is no 11 ministers since there are ministers of the House of Representatives did not vote for them so they are not known for their official capacity as ministers.”
He erythema “There are also ministers have resigned and they are determined to resign Kaaadl Abdul Mahdi and laser oil, Baqir al-Zubaidi, Minister of Transport, as well as failure to attend the Kurds Minister, as well as the province Sadrist ministers of the Council so there is no quorum of the Council of Ministers in order to determine any decision.”
He pointed out that “the stranglehold of the crisis on its potential prime minister not to hold any meeting of the Council of Ministers.”
It is noteworthy that, the Cabinet did not hold its regular Tuesday as scheduled, which used to be held on Tuesday of each week.
The media quoted last Tuesday, a senior legal officer in the General Secretariat of the Council of Ministers to say, “The cabinet meeting was disrupted due to the absence of 12 out of 22 ministers Abadi puts in front of a constitutional crisis.”
He stressed that “President al-Abadi is facing a constitutional crisis because of the cabinet sessions crashes against the backdrop of the dismissal or resignation and the suspension of a large number of ministers of the current government,” explaining that “the Council of Ministers has a quorum for a Council meeting in the absence of 12 ministers out of 22 and Zara.anth
https://translate.google.com/translate?depth=1&hl=en&sl=ar&tl=en&u=http://alforatnews.com/modules/news/article.php%3Fstoryid%3D116169
da58 says():INTERESTING HUH ^^^? I’d never heard of ‘quorum’ being used with COM until just recently.. only with Parliment.. it’s all explained here – they need HALF PLUS ONE…
larrykn says():Kurdish lawmaker: our ministers will not attend the cabinet meeting tomorrow and al-Jubouri visit the region today
2016/5/7 10:37[Where – Exclusive] Deputy for the Kurdistan Alliance said on Saturday, that the Kurds minister will not attend the Cabinet meeting scheduled tomorrow in Baghdad. ”
And the beauty Panthers told all of Iraq [where] that “MPs and ministers Kurds have received directives not to attend the House of Representatives and Cabinet sessions,” adding “not to determine the final decision on their return to Baghdad again.”
He pointed out that “The visit of House Speaker Salim al-Jubouri, scheduled for today will be determined by the positions of the territory outputs and Kurdish blocs,” pointing out that “it is possible that there is a change of the Kurdish position after reviewing the agendas held by al-Jubouri to the region.”
He pointed out that the Panthers “MPs and ministers Kurds are waiting for the final decision of the province today.”
And it announced Kurdish blocs, after a meeting in the city of Sulaymaniyah, on Thursday evening, refusing to return to Baghdad after the storming of parliament by protesters last Saturday during which he and a number of MPs, including deputy speaker of Syria, Sheikh Mohammed to beatings and abuse.
There in the government of Haider al-Abadi three ministers are in response, Finance Minister Hoshyar Zebari, Culture and Tourism Raundozi and Displacement and Migration Jassim Mohammed.
larrykn says():News Economy – 3 hours ago
Iraqi bank says he restored the money in overseas
da58 says to larrykn():I think that will get resolved, don’t you? How many times have we heard of the Kurds not going to go back, or do this, etc over the years.. they negotiate, it gets worked out..
bouch69 says to DIGIman1():
http://e.businessinsider.com/click/572ddd2d15dd96f3538b4db4/aHR0cDovL3d3dy5idXNpbmVzc2luc2lkZXIuY29tL2RlbWFuZC 1mb3ItcGh5c2ljYWwtZ29sZC1pcy1leHBsb2RpbmctMjAxNi01/523b1cfd1e240a9c3f43366dBecf56edb
larrykn says():Abadi al-Jubouri moving to achieve a quorum for Cilehma
The number of visits: 321 Published on: Today, 13:26
BAGHDAD / Hassan Shammari: Kurdish lawmaker revealed on Saturday for a major move Minister Haider al-Abadi, parliament Saleem al-Jubouri some Kurdish leaders in order to achieve a quorum for the Cilehma, while another deputy stressed that the decision to return will only be a political decision by the Kurdish parties combined. +
He said, Hoshyar Abdullah, said that “the Kurds County Council of Ministers and the House of Representatives was due to the crisis and political problems,” noting that “the failure to achieve a quorum councils pay their presidents Haider al-Abadi and Saleem al-Jubouri to move towards the Kurdish leaders, directing mediation and exercise pressure to try to return to the two councils, in order to achieve a quorum legal for them. ”
He explained that “these moves will not find work, especially that the boycott decision has been taken against a certain point, but it was due to the political crisis and the problems that have occurred in the light,” adding that “the Kurds will not discuss the subject of return only after the end of the political problem matters and reveal clearly and clear “.
Abdullah called for “efforts to resolve the political crisis and rid Iraq of its circle, because of their negative impact on the country.”
For his part, he said Kurdish lawmaker, Ahmed Haji Rashid, said that “blocs decided not to return to Baghdad, and the decision to return will only be a political decision by the Kurdish parties combined.”
He said Haji Rashid, that “our province to the House of Representatives and the ministers came because their number of Kurdish MPs to insults during the storming of parliament by protesters.”
In turn, the United Nations warned of a “worsening of the crisis in Iraq,” said the Special Representative of the Secretary-General in Iraq, Jan Kubis, in a speech before the UN Security Council on developments in Iraq, “The nation is now paralyzed and disabled in the work of the government and the parliament because of the political crisis deep. ”
He added that “the deep crisis has swept Baghdad and the country in general,” stressing that “the political crisis in Iraq portend complications complex, as well as the country also faces security, humanitarian and economic challenges, and in the file of human rights.”
larrykn says():Ghraoui accuse al-Maliki to drop four Iraqi provinces are demanding the “imprisoned”
The number of visits: 479 Published on: Today, 14:40 Free Event / S.o ..
MP for the Liberal bloc Majid al-Gharawi, Saturday, that the cause of dropping the four provinces, however, the organization “Daash” terrorist, referring to Nouri al-Maliki should be outside the political process and “behind bars.”
Gharrawi said in a press statement, “The cause of dropping the four provinces, however Daash terrorist and brought the country to what it is now because of the wrong Ssayasth, it must be outside the political process.”
He Ghraoui, “you should have this person (al-Maliki) behind prison bars, in order to pay for what he has done and the work is supported by the burdens of politicians.”
Pablo says():What do they mean by dropping four provinces?
larrykn says():the Organization of Arab Petroleum Exporting Countries (OAPEC) that the total cost of the projects Arab electricity grid, which has spent the past two decades, amounted to about two billion dollars.
She (OAPEC) in monthly published, what was spent on the project ‘Eight electrical connection was about $ 556 million and about $ 196 million for the project Maghreb electrical connection, and about $ 1.1 billion to the Gulf electricity linkage project.
She added that the electric power consumption rates in many of the Arab countries on the rise and the high rates as a result of the process of urbanization and the continuing population growth witnessed by the states.
The organization pointed out that the Arab electricity interconnection projects of the highlights of major achievements in the process of joint Arab action, a project to link eight between Egypt, Iraq, Jordan, Lebanon, Libya, Palestine, Syria and Turkey, and the project Maghreb link between Libya, Tunisia, Algeria and Morocco, and project electrical connection of the Gulf Cooperation Council (GCC).
CeeCee says to DIGIman1():bbl…tim to cattch on sleep….but want to remid all…GREAT CHARLIE ROSE INTRVIEW WITH BRETT MCGURK LAST EVENING –VERY POSITIVE ABOUT ABADI AND WHAT HE IS TRYING TO ACHIEVE…AND MILITARY OPS THERE & SYRIA. cant find link… too soon after it ended i guess. pbs.
clay01 says():Any thoughts on this political stand off
larrykn says to clay01():I think it will get worked out one way or the other. they do have that timeline that tells me if they don’t they have too much to lose
larrykn says to clay01():O that timeline is the first half of 2016 🙂
larrykn says to bgg():gm sir, great newstime last night ty 🙂
clay01 says():yes there is that, but my thoughts are that Abadi and Sadr want some time to do something, not sure what, but it seems to me the protestors in parliment was a staged event, for what purpose I do not know
da58 says to larrykn():agreed, and I think it will be sooner, than later.. they aren’t just sitting around twiddling thumbs..
larrykn says():one of those articles I brought in talked about the kurds showing backup, thats a good thing
da58 says to clay01():for what purpose? PRESSURE – to put pressure on parliment…. they want to get rid of the corruption in this darn govt – so they can get something done! reforms and laws.
clay01 says():yes, the Kurds have to be on board
larrykn says():remember this is a fight between the bad guys (Maliki) and the good guys ( Adabi) I put my money on Adabi 🙂
clay01 says():yes pressure but in what direction, a new vote
da58 says():the kurds are on board – to get rid of the corruption, but not with the chaos!
da58 says():they will be back for the votes, just watch..
clay01 says():yes
larrykn says to da58():get rid of the corruption an chaos will go away
clay01 says():they will
da58 says to larrykn():yep!
clay01 says():absolutely
clay01 says():give the people somethig and the chaos goes away
clay01 says():If Marie Antonnette had given the people something to eat, she may have kept her head
larrykn says to clay01():true 😀
da58 says to larrykn():we are RIGHT IN THE MIDDLE of the reforms of Iraq.. the govt is in the process of changing.. transparency in banking… the auctions cash cow is going away… the corrupt’s names are showing up in media with all they have stolen… ALL of this – is NEW..
jeffusa says to clay01():she let them eat cake
clay01 says():any one know what the auctions have been lately
jeffusa says to clay01():of course cake was the burnt stuff in the bottom of the “ovens”
larrykn says to da58():your so right , I love what we are seeing, we have to look beyond what we see and look at the near future to see where they are headed 🙂
da58 says():it’s becoming harder and harder to hide the theft.. M and goons are squirming for sure, regardless of how they ‘say’..
da58 says to larrykn():yes – very exciting.. change is clear – and they are telling us about it.. I’m convinced also – they are not telling us much, as it occurs.. just as with any govt..
effusa says to da58():they need to come here and learn… are politicans do a better job of hiding it
clay01 says():they are sure grasping for straws, (M bunch), “we aren’t going to play with you any more” ( not showing up for parliment) lol
da58 says to larrykn():But from what we ARE being told, it’s absolutely thrilling to see this kind of PROGRESS there.. great for us.
clay01 says():I wish we would see more on the monetary reforms, but I know this is a process, doesn’t mean I am not impatient for it, lol
da58 says():Kurdistan Alliance: not boycott the political process, but “Tratna” until stability
05/07/2016 12:50 BAGHDAD / tomorrow Press:
MP for the coalition of Kurdish blocs (Kurdistan Alliance), on Saturday, Abdul Bari Zebari, said the coalition does not interrupt the political process, attributing his absence to Baghdad, due to lack of stability of the political and security situation.
Zebari said in a statement for “tomorrow’s Press,” that “the decision of Kurdistan is not intended to boycott the political process, but lingered in the participation until the stability of the security and political situation in Baghdad,” adding that “the Presidency of the Council of Representatives of parliament divided between pro and rejects her, and we do not want to be part of the problem but part of the solution.”
“The presence of Kurdish blocs at this time will put the Kurds with one party against the other, and we do not want to be a party to the ongoing debate for the dismissal of the Presidency of the Council of Representatives and its legitimacy or not.”
He said the “general attitude of the coalition of Kurdish blocs is not to come to participate in the Council action until the stability of the security and political situation,” pointing out that “the presence of Kurdish blocs at this time is not futile , the differences between the political blocs.”
The House of Representatives decided the Kurds, an official statement issued on Friday, not to return to Baghdad to participate in the meetings of the House of Representatives is not received guarantees of non-repetition of the storming of parliament process and attacks on a number of deputies.
And broke into hundreds of demonstrators, mostly from Sadr’s movement, last Saturday, the Green Zone, and entered the parliament building and attacked the House of Representatives and called for reforms to the political system of quotas that caused the spread of corruption, according to the saying.
Ebadi said in a televised speech broadcast on state television, the earlier “ordered us to open a full investigation into the causes of what happened in parliament, and hold negligent in their responsibilities performance in providing the necessary protection, as the changes have been made in the security system and develop plans to protect the constitutional institutions and prevent a repeat of what happened recently”
http://alghadpress.com/ar/news/54072/%D8%A7%D9%84%D8%AA%D8%AD%D8%A7%D9%84%D9%81-%D8%A7%D9%84%D9%83%D8%B1%D8%AF%D8%B3%D8%AA%D8%A7%D9%86%D9%8A-%D9%84%D9%85-%D9%86%D9%82%D8%A7%D8%B7%D8%B9-%D8%A7%D9%84%D8%B9%D9%85%D9%84%D9%8A%D8%A9-%D8%A7%D9%84%D8%B3%D9%8A%D8%A7%D8%B3%D9%8A%D8%A9-%D9%84%D9%83%D9%86-%D8%AA%D8%B1%D9%8A%D8%AB%D9%86%D8%A7-%D9%84%D8%AD%D9%8A%D9%86-%D8%A7%D8%B3%D8%AA%D9%82%D8%B1%D8%A7%D8%B1%D9%87%D8%A7
larrykn says():To statistics [where]: slight increase Iraq’s oil imports in the first quarter of 2016 compared to the central sales
2016/5/7 16:26 [Oan- special]
It showed a statistical study by the agency all of Iraq [where] based on official data that Iraq’s imports of oil, which accounts for about 90% of the public budget increased slightly during the first third of this year compared with those sold in 2016 the CBI in the same period.
Oil sales amounted according to Oil Ministry data for the first four months [January, February, March, April] 10 billion and $ 748 million, compared with central bank sales for the same months the amount of 10 billion and 118 million and 308 000 and $ 524, mostly Khawwalat compared to direct cash, which raised around suspicions of corruption and money laundering operations.
And record the difference in favor of higher oil imports valued at 629 million and 691 thousand and $ 476 compared to sales of the central bank in the first trimester of this year.
The official document of the Finance Committee in Parliament revealed that the central bank sold the amount of the US dollar in the past year more than in 2015 and Iraq’s imports of foreign currency obtained from the sale of crude oil in the same year.
The document showed that the country’s oil revenues for the year 2015 amounted to $ 38 billion, while sales of the bank in the same year was more than $ 44 billion, a difference of more than five billion dollars, that is what sold Iraq of foreign currency more than its imports from them.
It is said that he recently noted that the central bank auction sales recorded a decline is the lowest it months ago as only for several weeks, the barrier of $ 130 million compared with the previous-month period and even after the financial crisis that began with a decline in oil prices in July 2014 were ranging from 225 to $ 300 million and sometimes more.
She described a member of the parliamentary finance committee Majida al-Tamimi, the central policy in the auction to sell the currency as “serving the corrupt.”
According to the plan.
He also criticized the economic expert David Zayer, the bank’s policy, saying it “will push Iraq toward bankruptcy and its reserve is unable to secure the required in the market,” adding that “there is a process of systematic looting of Iraq to the bankruptcy of its reserve of hard currency and the central bank assumes this responsibility.”
But economic adviser to the prime minister appearance of Mohammed Saleh played down this risk and denied that the central bank is facing a state of bankruptcy.
He told [where], that “the precautions of the dollar 60 billion or so,” attributing the “decline in bank sales of the dollar’s recent weakness to demand for the dollar because of the reduction and the reduction in government spending.”
And raised suspicions of corruption, fraud and money laundering through the central bank auction as announced, specializing in national integrity and economic crime and money laundering a misdemeanor court, on 20 August issued sentences of imprisonment and a fine against officials in the Rafidain and the north after being convicted on charges of corruption and money laundering, a banner in the earlier to the presence of 20 defendants in these cases, some degree of chairman. ”
da58 says():SO – with recess starting the 16th – perhaps Jubouri will convince the Kurds to attend Tuesday and get things wrapped up… convincing them of the new security measures, etc..
subgirl says to da58():thanks for sharing! 🙂
larrykn says to da58():I ‘m thinking something is going to happen next week
da58 says():sure
da58 says to larrykn():me too bud
_firefly_ says():Folks, what is happening in the GOI has absolutely NOTHING to do with their monetary reform. You want facts? Look at the IMF, WB, BIS, Global Markets and what their Central Banks are doing. Remember this word ……… “COMPLIANCE”
MeginHim says to _firefly_():Then what is the hold up on the RV. I thought they had everything in place as far as banking laws etc?
larrykn says to _firefly_():I agree and it looks like the monetry reforms are moving right along 🙂
larrykn says to MeginHim():its a process there is no holdup
da58 says():told by imf by end of june.. how is that a holdup?
da58 says():this is may 7
larrykn says():it sometimes feel like we aren’t getting anywhere but this doesn’t happen over night an you have to keep up with the news to get an idea as to where they are at, if you don’t you see that there is some kind of holdup, NOT….
MeginHim says to _firefly_():Thank you … I dont have much time to read and some of the time I dont understand what I do read. I work all day and deal with 3 kids at night… supper ,homework. bedtime and prayers. I am so grateful to you who are positive and give straightforward information and especially for the summaries at night.
foxrun says():GM everybody…speaking about progress sure do miss MD’s reports hopefully she will report soon
bgg says to foxrun():She should be in Sunday (or so I was told)…
bgg says to foxrun():Until then – I’ll be doing News Times.
foxrun says():An unreal amount of money wow oh wow and to think the neggies worry about our tiny tiny little corner
bgg says to foxrun():another interesting point – and partly why I pointed that out.
rcookie says():Saleh: The World Bank has agreed to lend Basra half a billion dollars
Wrote: May 7, 2016 Appearance-Mohammad-Saleh
Financial Advisor to the Prime Minister revealed the appearance of Mohammed Saleh, said that “The World Bank has agreed for the first time to lend to sovereign guarantees province of Basra and Baghdad agreed upon that the allocated loan for urban projects and investment.”
Saleh said that “The World Bank does not deal with the provinces do not lend and confined to dealing with borrowers as states all but the first step of its kind, has agreed to lend Basra amount of half a billion dollars (in principle), after receiving assurances called Balseadah.”
Saleh added that “consultation with the World Bank is still ongoing, stressing the central government welcomed the orientation of the new bank to deal with Basra, without confirming the planned value of the loan or get it later converted to calculate the province.”
http://translate.google.com/translate?depth=1&hl=en&prev=search&rurl=translate.google.com&sl=ar&u=http://www.faceiraq.com/
da58 says():Saudi Arabia: a complete overhaul of the government and exempt oil minister with the creation of an entertainment
History of edits:: 5/7/2016 17:52
Saudi Arabia announced on Saturday for a comprehensive change in the government with the exemption Oil Minister Ali al – Naimi from office, and the creation of an “entertainment.”
It included orders issued by King Salman bin Abdul Aziz Al Saud , cancel, integrate , and the order of the terms of reference and the ministries and organs and bodies of government where it was merging the Ministries of Labour and Social Affairs, and the abolition of the Ministry of Water and Electricity and modify the Ministry of Hajj name to the Ministry of Hajj and Umrah.
_firefly_ says(): CountriesIraq Publication Iraq’s Economic Outlook- Spring 2016
foxrun says():Interesting speaks to BGG’s comment about the Populus movement of change
_firefly_ says():The latest MENA Economic Monitor Report – Spring 2016, expects Iraq’s economy to recover from a low base, growing at 7.2 % in 2016 and to hover around 5 % in the next few years.
_firefly_ says():Iraq has faced two simultaneous crises since the second half of 2014: the ISIS insurgency and the oil price shock. These have severely impacted the economy and compounded structural vulnerabilities.
The twin crisis, coupled with political instability in 2014, decelerated private-sector consumption and investment, and limited government spending, particularly on investment projects.
As a result, the non-oil sector is estimated to have contracted by 9.0 % in 2015, following an 8.8 % fall in 2014.
In contrast, growth in the oil sector has remained resilient, with output rising 12.9 % in 2015 to a new high of 3.5 million barrels per day, supported by the southern oil fields, which are beyond ISIS’ reach, and which account for 90 % of total production. After contracting 2.1 % in 2014, real GDP is estimated to have rebounded to 2.4 % in 2015. Inflation was 1.4 % in 2015.
_firefly_ says():The twin crises have resulted in a sharp deterioration of both fiscal and external accounts and worsening poverty. The fiscal deficit widened to 14.5 % in 2015, due significantly to lower oil revenues and higher humanitarian, and security-related expenditure.
The government implemented fiscal consolidation measures in mid-2015, aimed at improving revenue collections, in particular from oil, and at containing non-oil primary spending.
The large fiscal deficit, meanwhile, has been financed through external borrowing, including loans from the IMF and the World Bank. The twin crises have also led to the widening of the current account deficit to 6.6 % of GDP in 2015, reflecting a 47.3 % drop in export earnings in 2015.
Poverty reached 22.5 % in 2014 nationwide; and in the ISIS-affected governorates, the direct impact of economic, social and security disruptions is estimated to have doubled poverty rates to 41.2 %. Internally displaced persons make up half a million of Iraq’s poor in 2014.
_firefly_ says():Hope you guys are reading this !!!!!!!!!
_firefly_ says():The economy is projected to recover from a low base, growing at 7.2 % in 2016 and to hover around 5 % in the next few years. This is driven by the projected ramp-up in oil production, increase in oil-related FDI, structural reforms, implementation of the IMF program, and a lessening of the incremental impact of the ISIS insurgency going forward.
With the Iraqi selling oil price projected at $30, which is significantly below the 2015 oil price and the 2016 budgeted price of $45 p/b, fiscal and external positions are expected to remain under pressure.
Despite the moderate reduction in military-related spending and the fiscal consolidation measures, the fiscal situation is projected to worsen due to lower oil revenues, with the fiscal deficit expanding from 5.6 % points of GDP in 2014 to 20.0 % of GDP in 2016 on current policies, though the financing of such a deficit will be challenging.
On the external side, the current account deficit is projected to widen from 6.6 % of GDP in 2015 to 15.3 % of GDP in 2016. Higher-than-projected oil prices would improve both the fiscal and external balances.
foxrun says():Given the Global forecast really good numbers for their re-bound
_firefly_ says():The macroeconomic outlook is subject to significant risks related to the global environment, social and political developments, and the ISIS insurgency. A weaker pace of global economic growth or continued excess global oil supply could put downward pressure on global oil prices and renew pressures on the twin deficits.
Any worsening of the ISIS insurgency would materially and negatively impact the economy. Domestic political tensions could rise anew, which could undermine the reform effort. The large fiscal consolidation effort, especially highly sensitive streamlining of the wage bill, could also give rise to social tensions, impact the implementation of reforms, and exacerbate further existing fragilities and conflict.
foxrun says():Once they get a bit of momentum going those risks will diminis
firefly_ says http://www.worldbank.org/en/country/iraq/publication/economic-outlook-spring-2016
_firefly_ says():Unless something happens VERY soon, the Global Forecast will be bankruptcy
_firefly_ says():It’s already happening before your eyes
foxrun says():Agreed on that FireFly
clay says to _firefly_():Europe?
da58 says():”On the external side, the current account deficit is projected to widen from 6.6 % of GDP in 2015 to 15.3 % of GDP in 2016.”
_firefly_ says():World Bank Iraq Trust Fund
Available in: The International Reconstruction Fund Facility for Iraq (IRFFI) was launched early in 2004 by the United Nations and the World Bank to help donor nations channel their resources and coordinate their support for reconstruction and development in Iraq. The World Bank Iraq Trust Fund (WB ITF) is one of the two trust funds for donor contributions.
_firefly_ says():by the United Nations and the World Bank
_firefly_ says():by the United Nations and the World Bank
_firefly_ says():Just a reminder ………
_firefly_ says():World Bank Restructure the Rafidain and Rasheed in Order to Raise the Value of the Iraqi dinar March 26, 2013
larrykn says to _firefly_():I feel they need to get these reforms done so they can enter the world market, that will help them with their gdp
_firefly_ says():Which reforms?
larrykn says to _firefly_():Montary reforms
_firefly_ says():There are Iraq specific ones
_firefly_ says():and Monetary
_firefly_ says to larrykn():Next question lol
hub says():foxrun, i think you have the right idea. If Iraq waits until everything is perfect, then this will never happen. Look at the problems our country has and we do not stop our economy to clear up drug cartels, poor national admistrative actions, crazy congress memeber, stupid welfare laws, high crime rates in major municipalities, and so forth and so one.
I in my opinion feel if they were to start this ball rolling, the people get some jingle in their pockets, it will be suprising how things will work the economic reforms. If you wait long enough, a 747 could fall on your home….. know my jest????
clay says to _firefly_():what does restructuring the banks have to do with the revalue
_firefly_ says to larrykn():Baghdad – counting and Planning Minister Ali Shukri, announced the World Bank to start implementing his plans to restructure the government banks Rafidain and Rasheed “It’s an important step was waiting for Iraq to raise the value of the dinar.”
Said Shukri for “obelisk”, “The announcement of the World Bank to begin implementation of its plans to restructure the Rafidain Bank and Rasheed Bank government is an important step had been waiting Iraq,” noting that “financial welcomed move the World Bank in this direction because this restructuring will ensure the country make the most of these institutions big human Bakdarathma and expertise accumulated by the cadres and joint coordination to guide these estimators.”
He added that “the Ministry of Finance confirmed that the plans will be the guarantor of restoring Iraqi dinar of his value economic between foreign currencies and this will be part of this plan,” explaining that “the banking sector is suffering in general laziness around to institutions consumer is active in the financial sector the most traffic The boom in the economy in general.”
He pointed out that “the World Bank said the Iraqi side that lifted the value of the Iraqi dinar should be a priority as well as he needs to political stability in the country before everything.”
Noteworthy that the second Gulf War led to a decline in the value of the Iraqi dinar in an unprecedented way to reach the Iraqi dinar to 0.144 U.S. dollars, which led to cripple the banking sector until the year.
foxrun says():Yeah hub I think al lot of that comes from folks looking for that special RV button so they watch for this law or that thinking a clue will be found
_firefly_ says to larrykn():government banks Rafidain and Rasheed
larrykn says to _firefly_():he Ministry of Finance confirmed that the plans will be the guarantor of restoring Iraqi dinar of his value economic between foreign currencies and this will be part of this plan,”
larrykn says to _firefly_():I like that 🙂
_firefly_ says to larrykn():BINGO !!!!!!!!
_firefly_ says to larrykn():Notice all the talk about those 2 banks lately ?
larrykn says to _firefly_():yes I’ve noticed , we are moving right along 🙂
_firefly_ says to larrykn():Both claiming to be ready and the CBI confirming it
firefly_ says to larrykn():Follow the MONEY folks
clay says to _firefly_():does that have a date or a link for the article thanks
_firefly_ says to larrykn():Forget that stupid propoganda
hub says():just thinking outloud or in print should i say, the value of a currency unless under some sanction as the UN put on Iraq, follows the value of the resources of the soveren nation. Im not sure how the banks having to be restored interacts with the value of a currency.
avaliblity yes, but not sure about value. The trade markets and all the taxation, tarriffs, taxes, etc, determin the monatary value of the currency. i will sell your to your economy a thousand widgets for a thousand $ and will buy ten thousand wisgedgets for a thousand $. thus the values are traded equally.
if the currency is internationally accepted, the changes in international values happen in the market place, not because some one if afraid something bad might happen.
The US $ changes value several times a day as do all world currency trading markets. currency traders move billions of currency every day. so i personally imo think that after the UN sanctions were satified, the currency should by economic principal have reached the international trading value. other than this, i dont have the foggest……..just saying.
_firefly_ says():The SDR basket put into place in the 2010 Review was extended through September 30, 2016 in August 2015. The respective weights at the time of the 2010 Review of the U.S. dollar, euro, Japanese yen, and pound sterling were 41.9 percent, 37.4 percent, 9.4 percent, and 11.3 percent
_firefly_ says():And when is China due to be in the basket as a reserve currency?
puffdragon says to _firefly_():Didnt they release there new yuan a few weeks ago ?
_firefly_ says():You see, this is you folks should be studying not those silly articles
_firefly_ says():this is what
puffdragon says to _firefly_():Gold backed yuan !
_firefly_ says():One more time I repeat …. “International IMF Compliance”
_firefly_ says():research it !
larrykn says to _firefly_():(y) we are ready to go 🙂
_firefly_ says():There is a reason China has to wait
_firefly_ says():that is my hint
Tex says():LARRY ——FIREFLY,,,,,,many thanks i put in a long day nearly every day,,,cant read as much as would like ,,,,,sure appreciate, Yall’s clarifing the news,,,(y)
_firefly_ says to Tex():From the IMF
_firefly_ says():Basket of currencies determines the value of the SDR
The value of the SDR was initially defined as equivalent to 0.888671 grams of fine gold—which, at the time, was also equivalent to one U.S. dollar. After the collapse of the Bretton Woods system in 1973, the SDR was redefined as a basket of currencies.
Currently, the SDR basket consists of the U.S. dollar, euro, Japanese yen, and pound sterling. Effective October 1, 2016, the basket will be expanded to include the Chinese renminbi.
larrykn says():Source for [where]: Foreign meets tomorrow to take a position on the word Kubis Security Council 2016/5/7 18:54 [Oan- special]
An informed source, said the Ministry of Foreign Affairs will be held on Sunday, a meeting to discuss the word of the United Nations Special Representative to Iraq, Jan Kubis delivered by videoconference from Baghdad in the UN Security Council session, which was held on Saturday addressed the situation in Iraq.
The source told all of Iraq [where], “The foreign recorded a lot of notes on the word Kubis about the situation in Iraq and hgjd transferred to the Security Council.”
He added, “The ministry will hold a deliberative meeting tomorrow to take a stand from the word UN envoy.”
Observers said that the Kubi sketch of the Security Council, “a bleak picture” of the situation in Iraq.
The Special Representative of the Secretary-General of the UN in Iraq, Jan Kubis told the UN Security Council in its meeting on Friday, rejecting the Iraqi political forces for a radical reform of the demonstrations is adopted by the cleric Moqtada al-Sadr’s attempt to take over power. ”
Kubis said in his speech that Iraq is passing through a “deep and complex political crisis caused stagnation and paralysis in the work of the government and the House of Representatives.”
UN envoy “humanitarian crisis in Iraq was also considered among the worst in the world,” the displacement of two million people expected for new homes during the year, if the intensification of the fighting in Iraq against al Daash. ”
He noted in his speech that “follow the view that the approach is business as usual in Iraq will not be enough people, people want real change improves the conditions of his life.”
_firefly_ says():Correct, that is the reforms directly related to Iraq
_firefly_ says():The Private Sector
_firefly_ says():Special Drawing Right (SDR) April 6, 2016
The SDR is an international reserve asset, created by the IMF in 1969 to supplement its member countries’ official reserves. As of March 2016, 204.1 billion SDRs (equivalent to about $285 billion) had been created and allocated to members. SDRs can be exchanged for freely usable currencies.
The value of the SDR is currently based on a basket of four major currencies: the U.S. dollar, euro, the Japanese yen, and pound sterling. The basket will be expanded to include the Chinese renminbi (RMB) as the fifth currency, effective October 1, 2016.
rcookie says():A meeting of the Security and Defense Committee in Parliament: the sacking Zamili call to interrogate al-Haidari, the Commander in Chief of the Armed Forces
07-05-2016 09:55 AM Five members of the security and defense committee in Parliament agreed to exempt MP of quitting from the presidency of the Commission, as they decided to meeting them to call the former protect the Green Zone, an official and his officers to listen to their testimony, in preparation for the interrogation of the Commander in Chief of the Armed Forces Prime Minister Haider al-Abadi.
According to a parliamentary source said: “Five members of the parliamentary defense and security held, Friday, deliberative meeting to study the prime minister’s speech and study the reasons for the sacking of the team, Mohammad Reza Haidari of the responsibility to protect the Green Zone and forwarded to the Department of Veterans.”
“The five MPs were briefed on the team exempt permit and listened to the testimony of a number of those close to the team of officers, where he confirmed that verbal orders received by the team from the Commander in Chief of the Armed Forces Haider al-Abadi zero-escalation and let them [the demonstrators] green penetrate and stay there.
The source noted that “the meeting led to the issuance of two resolutions, the first exemption MP of quitting as head of the Commission as directly responsible for the protection of the House of Representatives, who gave orders to the forces charged with protecting the House of Representatives to withdraw, and the second call team Haidari and a number of officers to listen to their testimony in preparation to interrogate the leader of the armed forces. ”
The angry protesters attacked last Saturday, the House of Representatives after raiding the Green Zone quoted Photo Effects damage and vandalism in some of the Council’s assets and courtroom, before withdrawing from the area last Sunday.
And issued a Prime Minister Haider al-Abadi first on Wednesday is Dioanaa exemption commander of the Special Forces Task Force Gen. Mohammad Reza team responsible for the security of the Green Zone, instructed the commander of the Special Forces Task Force Maj. Gen. Abboud al-Tamimi cream instead.
And download Parliament Speaker Salim al-Jubouri, during his visit to the House of Representatives on the damage to the building, the legislature, and carrying Prime Minister Haider al-Abadi responsibility to storm the parliament building and damaging its contents.
Abadi and face the interior minister to pursue the elements that attacked the security forces, citizens and members of the House of Representatives and the sabotage of public property and brought to justice.
http://translate.google.com/translate?depth=2&hl=en&prev=search&rurl=translate.google.com&sl=ar&u=http://www.ikhnews.com/index.php%3Fpage%3Darticle%26id%3D144044#sthash.BMrgeCK5.dpuf
hub says():i dont understand half the malarky that is put out by so called news and comments, i just know the law of economic principal will prevail. Look at the GNP or GDP of countries that have worthless currencies.
They are worthless because they have no KNOWN resources. BUT look at what is happening to VN, ZIM and other such places. New Technologies have ways to extract natual resources not able to be obtained before.
So are we seeing their worthless currencies gaining value, yes. Iraq is known to be one of the riches countries in the world, but still has a worthless money right now. But imo they have to be very close to coming to the world fore front economically.
hub says():they will not be worth trillions in resouces and not have a currency worth trading…
larrykn says to _firefly_():would that be the start of the last quarter of the year
rcookie says():GREAT STUFF FIRE…..
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