Highlights / News & Excerpts From Chat 1-17-16
rcookie: THERE HAVE BEEN REPORTS POSTED SINCE BEFORE THE HOLIDAYS…AFTER THE BUDGET APPROVAL…THE INITIATIVES PLANNED FOR READJOURNMENT ON 19TH…
AMNESTY LAW…FEDERAL COURT ACT…ACCOUNTABILITY & JUSTICE LAW(BAATH PARTY PROHIBITION LAW) ARE READY FOR VOTE WHEN THEY RETURN….
LLN65 says to rcookie(): good morning thanks for being here and all you do!! (F)
rcookie says(): THIS REPORT IS A LITTLE LONG…BUT HAS SOME GREAT INSIGHT FROM THE OIL MINISTER ABDUL-MAHDI CONCERNING CALL FOR IMMEDIATE IMPLEMENTATION OF PROPOSALS THAT WILL EASE THE ECONOMIC CRISIS…PLEASE READ…VERY GOOD STUFF!!
rcookie says to LLN65(9:36 AM): GM LLN65!! YVW AND THANK YOU FOR YOUR INCREDIBLE WORK!!!
rcookie says(): Oil Minister offers capable of immediate implementation of the proposals would ease the country’s crisis 2016/01/17 10:52 Number of Views: 105
He wrote Abdul-Mahdi on his page in the social network “Facebook, and reported,” site tomorrow Press ” , “The country’s budget is facing a liquidity crisis, like many countries, but the country’s reasonable possibilities allow to ease the crisis, there are some trends executable immediately, and there are other require some action.”
He continued, “what conditions the central bank still reassuring despite the decline in reserves, but has reserves of more than $ 50 billion, and compared to all, it has been the reserve in mid-2003 almost non-existent, and oil imports less than 20% of what it is today, despite lower prices, and foreign debt exceeds 120 billio
LLN65 says to rcookie(): that was so nice of you to say thank you!! (F)
rcookie says(): and the interior in the highest level, and imports plunging markets, and despite the fact that Bank reserves is not the property of the government, but it represents a guarantee to move the economy, through the monetary instruments and exchange and interest rates, banks and secondary markets to help the government.
He explained:” I also have citizens banknotes ranging from 30-40 trillion dinars, and the money, of course, are the property of the citizens, and did not enter the economic cycle or banks, it is a process of hoarding, and the freezing of funds, and is well known that saving sense Economic must equal investment,
rcookie says(): and therefore can lure trillions of dinars to enter the session and the transition to a productive money, invested all its consequences on the liquidity and other economic aspects ,
and will be considered that real reform to move from cash economy Cash Economy to the banking sector, which is the mainstay of modern economies and lever development.
“According to the minister, the state owns the assets of tens and hundreds of trillions of dinars from in-kind assets, and real estate assets, and land and plants are idle, and buildings experience and assets neglected and investments losing ill departments, investment and opportunities for successful,
rcookie says():”inflation does not exceed 2%, and the debt is high, and Iraq has oil wealth and large reserves of natural resources and of great investment opportunities, and these are all the temptations of an attractive, to lend Iraq and give him the necessary different forms facilities.
Religion is not a defect or shortage , it is economically, the need if they face in investment trends and possessed payment capabilities, and indeed, Iraq has always met its obligations when he was in the toughest conditions, the World Bank approved the granting of Iraq recently so I did not hesitate a loan of $ 1.2 billion on easy terms, on condition stop gas flaring and stave off the collapse of the Mosul Dam, and all these things are in the end, for the benefit of the economy and the country.
“He pointed out that” what exists today in the Treasury – despite his weakness – no more than it was in the Treasury at the beginning of 2015, although it managed to Iraq in crossing safely despite a lot of
rcookie says(): difficulties, and the war against Daash and the destruction of many of the facilities, including the Baiji refinery, and recorded this thing of Finance and the central and prime minister, as it cut unnecessary expenditures, and spent only 63% of the budget of 2015,
The Minister of Oil that” the concern of the state and citizens legitimate concern, and must inform the public on the facts no matter how harsh, but the panic and the launch of rumors and lies and scaring people is harmful work, and the solutions will not provide a
Read More :http://www.dinarupdates.com/showthre…825#post142825
rcookie says(9:40 AM): complete solution and a final, but it will help to relieve the pressure, and resolving the issue of liquidity remains less complicated than resolving the issue of the economy as a whole, and the best chance to hold radical reforms, reduce the country’s dependence on oil, and launched the movement in the market economy and enliven the real in different sectors. ”
Dr Dave says(): …open and market
Dr Dave says(): open market…nice
rcookie says(): HMMM..CALLING FOR RADICAL REFORM IMPLEMENTATION…..STOPPING MEDIA RUMORS THAT PANIC THE PUBLIC…KEEPING INFLATION UNDER 2%…INCREASING OIL PRODUCTION…
WHILE LAUNCHING DIVERSE NON-OIL SECTORS…PUSUING LAND ASSET LIQUIDITY…AND GETTING CASH INTO THE BANKING SECTOR TO ADDRESS LIQUIDITY…
Dr Dave says(): they sure are pushing argiculture
rcookie says(): AND…..AGAIN FOR ANYONE STILL ON THE EVERYTHING IS THE SAME…HEARD THAT BEFORE….BEEN THERE DONE THAT…ALL THEY DO IS TALK….
sheila3 says to LLN65(9:48 AM): yeah me to shes almost 80
Dr Dave says() they are good at that RC…hehe
LLN65 says to sheila3(): wow, mine are getting up there too…
rcookie says(): READ THE PART WHERE THEY ONLY SPENT 63% OF 2015 BUDGET….WHICH IS WHAT THEY ARE GOING TO BORROW FROM CBI NOT THAT THEY HAVE CHANGED CBI ARTICLE 26…ENABLING CBI TO LEND DIRECTLY TO GOI FUNDS FROM PREVIOUS BUDGETS…
sheila3 says to LLN65(): we need to spend time with them (y):)
rcookie says(): NOW*
MadDScout says(): Cant remember the agency who was discussing this
LLN65 says to sheila3(): I have been able to go out the last 2 years for a visit and I am so glad I did!!
rcookie says(): 2016 BUDGET BY IMF MANDATES WILLBE IMPLEMENTED IN ITS ENTIRETY…ALL PROVINCE ALLOCATIONS (OPERATIONAL) OIL..PORTS & TAX REVENUE SHARING 50% & DISBURSEMENTS…ALL ARREARS ACCOUNTS PAID…
rcookie says(): THE SAME…AS PAST…LOL…NOT EVEN CLOSE….
Pablo says to Where’sthebeef(10:03 AM): That al started last week.
Where’sthebeef says to Pablo(): Pablo I don’t think the taxes and tariffs have truly started.
msdiva says(): I hope Iraq follows Iran and do the right thing
Where’sthebeef says to Pablo(): I hope it “soon” though. that is our defeinition of the word soon, and not Iraq’s..smile
LLN65 says to msdiva(): me too
LLN65 says to msdiva(): % lol
Pablo says to Where’sthebeef(): Well, all the reports I saw last week said they had started and I haven’t heard of them being cancelled like in times past.
Dr Dave says(): To see Iran rebound… 50 billion??usd and watch Iraq languish…..! tHE RACE MAY BE ON TO SECURE cheap oil contracts
Pablo says(): Let’s hope there’s a race on to see an RV.
Dr Dave says(): the presuure is on…every day they delay costs them???
GIBB says(): Iran to reconnect to SWIFT banking system soon: Official http://188.8.131.52/Detail/2016/01…-rejoin-SWIFT-
GIBB says(): pressure is on now. for sure
thomas1 says to rcookie(): what is this about march 6 md is talking about .. do we need to wait until then for rv ?
rcookie says to Dr Dave(): RACE HAS BEN ON SINCE 3RD QUARTER 2015…THAT IS WHY ABADI WAS IN CHINA TO SECURE PRTNERSHIP BETWEEN SOMO AND CHINAS SINOPEC WHICH WILL BE HEADQUARTERED IN SINGAPORE…
ALONG WITH PREEMPTIVE FINALIZING THEIR EXPORT CONTRACTS WITH EUROPE…INDIA…AND SOUTH AFRICA….IN PREPARING FOR IRANS RE-ENTRY TO MARKETS…
Where’sthebeef says to rcookie(): what’s no true cookie?
Where’sthebeef says to rcookie(): not
rcookie says to Where’sthebeef(): TARIFFS…
Where’sthebeef says to rcookie(): So the tariffs are in full force everywhere?
rcookie says to Where’sthebeef(): IN 2016 BUDGET AS 1/116
graylnjo says(): Corruption?? In iraq?? …..OH NO 8-|
rcookie says to Where’sthebeef() LAUNCH OF NEW BORDER POINTS WITH ELECTRONIC CAPTURE AND COMMUNICATION THAT IS CONNECTED TO MOXIBUSTION CARDS AND SINGLE WINDOW SYSTEM….
RickeyT says(): another theory shot down, tarriffs in force and no new rate
Yes, I see it is in the budget, but the budget hasn’t been implemented yet. I don’t even think it’s made it’s way into the gazette yet. I really want the tariffs to kick into full gear, but I don’t think they have yet.
Where’sthebeef says to rcookie(): Yes the new border points with electronic capture is HUGE, and I think it shows that tariffs a super close
Where’sthebeef says to rcookie(): I’m probably wrong, but I just don’t think the tariffs are in full force at all points in Iraq, if any other than the ports
Dr Dave says(): tick tick….like watching water come to a boil
THE KURDS LOS OF REVENUES FROM THAT BORDER POINT SHUTDOWN WERE $22 MILLION DOLLARS PER MONTH….THE KURDS AND ALL BORDER POINT PROVINCES ARE RECEIVING 50% REVENUES FOR TARIFF COLLECTION IN 2016 BUDGET…
SO DO YOU THINK THEIR IS INCENTIVE THEIR TO COLLECT THESE FUNDS NOW..WHEN THEY ARE WHAT WILL FUND THE INDIVIDUAL PROVINCE INFRASTRUCTURE DEVELOPMENT PROJECTS….
jd says(): If the T&T were in force now the people of Iraq would be screaming loud.
Dr Dave says(): see the news re article 140 today rc?
rcookie says to Where’sthebeef(): THEY ARE AND HAVE BEEN JD…READ THE REPORTS…DO YOU SEE WHAT THE COST OF BREAD AND SUNDRY ITEMS IN IRAQ IS….
THEY ARE PROTESTS AND RIOTS EVERYDAY IN ALL PROVINCES…HOW MUCH LOUDER CAN THEY SCREAM…30% UNEMPLOYMENT AND RAMPANT POVERTY IS CREATING GANG AND CRIME INCREASES IN ALL AREAS…
clay01 says(): According to Poppy3 the other day, Abadi was going to address the people because they were riototing, and give some announcement, haven’t heard if he made announcement or not yet
clay01 says(): not sure
Where’sthebeef says to rcookie(): I have not seen any articles about the costs of their goods, like bread etc etc, going up since January. Yes, I would be rioting as well, if my gov was treating me the way their gov is treating them. I would assume if the taxes and tariffs started January 1st, then the goods have increased since that time. That is what I have not seen yet
Dr Dave says(): didnt the IMF WB stipulate something about decentralizatin of the GOI and transfer of powers to the provinces?
clay01 says(): not sure, just read a comment from Poppy, haven’t seen it anywhere else
joyojoy says(): +.3.3
Where’sthebeef says to clay01(): oh, ok
rcookie says to Dr Dave(): YES…AND THE UNITED NATIONS IS THERE TO MAKE SURE OF THE TRANSFER OF POWERS EXECUTES SEAMLESSLY AS THE BUDGET ALLOCATIONS ARE DISBURSED…AND APPROPRIATIONS GIVEN TO MINISTRIES AND PROJECTS THEY WERE BUDGETED AND INTENDED FOR…
Dr Dave says(): and Iraq has been achieving their mandates
graylnjo says(): rcookie, Mr white, loop, holly et al………Thanks to all……I would be totally lost without your reporting. You make so even I can understand sorta what’s going on!! :)(y)
Dr Dave says(): Ahead of schedule??????
LLN65 says to graylnjo(): I agree!! (F)
LLN65 says to clay01(): sure hope we see the rate soon, sure looks good!!
rcookie says(): OK TARIFFS NOT IMPLEMENTED…NO SIGNS…JUST SMOKE IN BUDGET AND IMF ABSOLUTE MANDATES…BUT HAVENT HAPPENED..LARGEST PORTION OF NON OIL REVENUE IN BUDGET…
REPORTS OF DOUBLING WITH ELECTRONIC COLLECTION FROM 16% TO 32%….HOPE THERE IS SOME ANNOUNCEMENT….HOPE GAZZETTE PUBLISHES….UNCLE…
clay01 says to LLN65(): I agree, timing is the thing here
clay01 says to rcookie(): trying to understand last comment, T&T not implemented? I thought they were
clay01 says to rcookie(): Has there been ink on implementation of T&T or not, I havn’t seen any, but I miss a lot of the news, so much to keep up with these days
wmawhite says to rcookie(): I agree….everything the IMF has told us is just made up……..they really do not mean any of it. I will start listening more to Frank and walk on the beach in Hawaii holding hands while he tells me the meaning of life.
sheila3 says to clay01(): i think rcookie is telling us these things are done,but some say there not
I believe the tariffs are in the budget, but I also know they have NOT started yet. This isn’t bad news in my eyes. I think they are being delayed for a reason. They can’t implement the tariffs without a raise in their currency.
LLN65 says to sheila3(): yeah pretty much
woodguy says(): some people can’t see it even when it hits them right in the face lol
clay01 says to sheila3() It is hard to read sarcasm,8-)
Where’sthebeef says(): Again, it ALLLLLL sounds and looks great. They are getting it allll lined up the roll it out. I think we are soooo close, but again, tariffs have not started. I was only asking if someone had seen a date as to when they were going to get this kicked in. lol that’s all I was doing.
LLN65 says to Where’sthebeef(): I think you are being respectful no worries (y)
STARBUCK says(): GM ROOM! wmawhite, a ? please….in the light of Iraq revaluing their currency soon, why all the talk about borrowing money? Thank you
wmawhite says to STARBUCK(): 1 minute
clay01 says to wmawhite(): Thank you, not questioning, just asking if there was ink on it, they put out article about everything else, I would think that there would be something in ink about T&T being implemented
Where’sthebeef says to wmawhite(10:53 AM): Actually this would be in the news in Iraq, They have been trying to implement them years and years. They would reprot about it. No doubt.
rcookie says to Where’sthebeef(): AND YES IT IS IN THE 2016 BUDGET AND IMF LETTER OF INTENT………
clay says to thomas1(): oops may be wrong
Where’sthebeef says to rcookie(): No doubt cookie. It is in there. I am not here to debate that. Like I said it all looks great and is ready, but the tariffs have not started yet. That’s all I am saying. Was just askig if anyone had seen a date.
wmawhite says to clay01(): The articles continue to state that they are in place.
thomas1 says(): what i do not understand is why irqa letting iran get ahead ,but once new person said irqa and iran are jion
clay says to wmawhite(): thanks for your interpretation
wmawhite says to STARBUCK(): A change in the value of the IQD will affect what is spent outside of the country going forward. The loans are for what is needed from yesterday…..the past………that need to be filled today.
rcookie says(): a) the execution of the Iraqi budget, comprising the incremental revenue from the impact of revenue (tax) measures stipulated in the 2015 Budget Law (sales taxes on mobile phone cards, internet usage, car sales, and on tobacco and alcohol, in addition to incremental receipts from the entry into force of the amended Customs Law for 2010),
CanTWaitwoRV says): Flashback from last year: Iran’s Day Bank joins SWIFT
Sat Jul 11, 2015 1:19PM HomeIranEconomy Iran’s Day Bank announced on Saturday that it has officially joined the Society for Worldwide Interbank Financial Telecommunication (SWIFT). http://184.108.40.206/Detail/2015/07…nk-Joins-SWIFT
rcookie says(): CANT BE CLEARER…THE TAXES & TARIFFS COLLECTED IN 2015 ON CERTAIN IDENTIFIED GOODS(CARS..MOBILE PHONES…ALCOHOL…TOBACCO…
ELCETRICITY)….IN ADDITION TO INCREMENTAL RECEIPTS FROM THE ENTRY INTO FORCE OF THE AMENDED CUSTOMS LAW FOR 201O…..
CanTWaitwoRV says(): at the same time Iran trumped Iraq hitting the global markets so it’s gotten more than interesting
rcookie says(): THIS IS DIRECTLY FROM 2016 BUDGET…
GIBB says(): US to pay Iran $1.7bn in debt, interest. http://www.presstv.ir/Detail/2016/01…US-debt-JCPOA/
rcookie says(): Article 24:A – Imposed sales tax shall continue on mobile phone cards and internet networks by 20% of the cards value, and the impositiona lump sum Airport Tax of 25,000IQ for each ticket in all Iraqi airports (External Travel) and collected taxation shall be returned to the Public Treasury to be implemented in light of the regulations in force.B – A Sales tax shall be levied on imported goods in accordancewith the following table, (and shall accordingly work until Law of Customs Tariff comes into force):
rcookie says(): THE PROVINCES EARN $5 FOR EVERY BARREL OF OIL PRODUCED…$5 FOR EVERY BARREL OF OIL REFINED..AND $5 FOR NATURAL GAS PRODUCED…ALONG WITH 50% OF PORT AND BORDER REVENUES….
clay says to rcookie(): and thats alot of $
clay says to rcookie(): they need now not later IMO
rcookie says to clay(): THAT IS A PROGRAM THAT HAS BUILT IN INCENTIVIZATION TO OVER DELIVER ON OIL & GAS..AS WELL AS TARIFFS & TAXES……..
clay says to rcookie(): yep they just need to get it implimented ASAP
rcookie says to mindenjen(): YES IN …ADDITION TO ALREADY ONGOING TAXES COLLECTED THROUGHOUT 2015
clay says to rcookie(): and
msdiva says(): I didnt think Iraq would let their competition get ahead of them I thought Iraq were the Top Dogs Bigger than Life 😎
CanuckLady says to rcookie(): Good morning what are your thoughts on Iran “geting ahead” of Iraq
CanTWaitwoRV says(): that cbi announcement today might be a whopper with cheese also
clay says to CanTWaitwoRV(): whats that
CanTWaitwoRV says to clay(): To / all licensed banks and licensed money transfer all companies and financial investment companies and broker the buying and selling of foreign currencies approved all companies (foreignexchange rate)
1 Jordanian Dinar = $1.41
1 Qatar Riyal = $0.27
1 Bahraini Dinar $2.65
1 Israeli Shekel = $0.26
1 United Arab Emirates Dirham = $0.27
1 Omani Riyal = $2.59
1 Kuwaiti Dinar = $3.31
msdiva says(): Iraq is doing a lot of behind close doors something is keeping the citizens happy
Horsegal says(): Are we expecting a CBI announcement today?
CanTWaitwoRV says to Horsegal(): I posted the only one I’ve seen so far right above
msdiva says to wmawhite(): hopefully Iraq will be in the lineup soon
Horsegal says(): Hi Clay! You too! I can’t get on chat with my iphone anymore 🙁
msdiva says to wmawhite(): thanks for posting it
Horsegal says(): Apparently there is a way, but I don’t know how
wmawhite says to msdiva(): I do not understand what Iran has to do with what the IMF is already working with Iraq about. The IMF puts out a detailed document about where Iraq is with entering the market place and guess what………it did not said anything about Iran………..so what does the price of chickens in Iran have to do with the IQD?
CanTWaitwoRV says to msdiva(): I’m thinkin more like contained..at the same time Sistani has beeen on edge every Friday making his speeches for reform implementation
CanTWaitwoRV says to msdiva(): he’s watching Iran too and his Ayotollah buddies
Horsegal says(): Oh, got it Can’tWait thx!!
Woodywoodpecker says to Horsegal(): you cant down load puffin on your iphone?
clay says to Horsegal(): I woner y ask the mods
Horsegal says BGG said there’s a way, but didn’t know how
clay says to Horsegal you sound like me (lol)
Woodywoodpecker says puffin is how u get it on the phone and ipad
Horsegal Cool!! Downloading now, you’re awesome!!!!
Woodywoodpecker down load it its safe and free. go to app store
Horsegal Already did 🙂
Woodywoodpecker):ok now i think our code number is 3371
clay says to Woodywoodpecker thanks for helping her 🙂
Woodywoodpecker is that our right code number
wmawhite Here is another thought…just like the list I just posted, if Iran’s currency was to change in value over the next few weeks, then the diffence between the IQD and the region grows even larger. In other words, it is even more apparent as to what will happen as the IMF has told the world.
sheila3 says(): Read More :http://www.dinarupdates.com/showthread.php?28664-Sunday-January-17-2016
msdiva says to wmawhite() so in all reality you feel that we could actually see this rate change in the coming weeks days months or am i off a bit
msdiva says to wmawhite(): i know you dont do dates or rates
CanuckLady says to wmawhite(): Thank you very much for your thoughts
Woodywoodpecker says(): hhmmmm using it now on my i pad
Horsegal says(): OK got it!!!!!!!!!!!!!!!!!!
Woodywoodpecker says(): great
cjquade54 says to msdiva(): don’t mean to butt in but IMF has said Iraq would enter world markets by mid 2016
Woodywoodpecker says(): u owe me one dinar lol
wmawhite says to msdiva(): My answer is to you……what did the IMF tell you about this subject? They have already answered your question.
Horsegal says(): lol GLADLY
wmawhite says to cjquade54(): exactly wmawhite says to CanuckLady(): yw
()THE OBSERVER – http://dinarupdates.com/observer/
msdiva says to wmawhite(): yes sir you are correct this may hit us all like a ton of bricks just have to wait and watch thanks again and thanks you to you cjquade54
Read More: http://www.dinarupdates.com/showthread.php?28664-Sunday-January-17-2016