Chat Room – Excerpts & Highlights
SRW says to clay():The Kurds would tell Abadi and the rest of Iraq to take a hike if they were told not to fight for Mosul. The Kurds want Mosul! BAD!! IMO…. IMO
larrykn says to SRW():I’m not sure if Abadi wants Mosul more then he wants Isis out of Iraq,IMO they are looking for security for the country
clay says to SRW():agree
clay says to larrykn():(y)
SRW says to larrykn():Abadi wants both! Then the real negotiations start with the Kurds! In my opinoin that started months ago. Iraq would not have Fallugah without the Permeshga forces! They are a tough fighting force. Of course with international military forces helping, like our special forces and Air Force helping. IMO
larrykn says to SRW():you might be right about Adibi wanting both but I think for things can move forward without fighting and not getting deals done, Adabi will agree to what the Kurds want for now. and fight over it another day
larrykn says to SRW():remember they are meeting now to agree on things
SRW says to larrykn():I would like to be a fly on that wall! The Kurds might throw more than shoes to have control of Mosul!! IMO
larrykn says to SRW():you never know , time will tell
larrykn says to SRW():you know someday in the far future I think they will break Iraq up into three groups but for now they need each other
SRW says to larrykn():Agree!
rcookie says():IS PRS IN…
rcookie says():Parliament announces the completion of withdrawal of confidence from Zebari measures
Department:Published on the political scene: Today, 18:45 Number of views: 284
BAGHDAD / Sky Press: It announced the presidency of the parliament, on Wednesday, ready to complete the withdrawal of confidence from Finance Minister Hoshyar Zebari procedures, as pointed out that the rules of procedure necessary to ask the withdrawal of confidence after seven days after making the request.
The deputy chairman of the parliament of Syria, Sheikh Mohammed said in a statement seen by “Sky Press,” that “the issue of withdrawal of confidence from Finance Minister Hoshyar Zebari is the focus of attention of the Presidency of the Council of Representatives and perhaps you will get in the next week or the next sessions, as taking place now collecting signatures process by deputies to withdraw confidence from the Minister of Finance in accordance with Article 61 of the Iraqi Constitution. ”
He said Sheikh, said that “the rules of procedure of the Council suggests that provides 25 MPs asked to question a minister, and after that the minister come to Parliament to vote for its members conviction or lack thereof concerning the answers, and if the voice of the majority on the lack of conviction submit a request to withdraw confidence in the presidency of the Council after collecting signature 50 MPs to support it, “pointing out that” the rules of procedure of the Council emphasizes the need seven days to begin to withdraw confidence after the submission of the application. ”
rcookie says():WOW!!
rcookie says():ZZZZZZZZZZZZZZ
rcookie says():Abadi will provide independent ministers to complete his booth ministerial
Wed, 31 Aug 2016 14:50:37 MP for the coalition of state law Jassim Mohammed Jaafar, Wednesday, Prime Minister Haider al-Abadi determined not to fill the vacant ministries by the party leaders.
Prime Minister Haider al-Abadi determined to be candidates for the vacant ministries of independents rather than party leaders and non-affiliated parties clearly, “adding that” this thing applies to the security ministries as well. ”
He pointed out that “it is expected to be resolved nominate candidates for ministerial post Eid al-Adha, due to the work of the Council palace before the Eid,” And on the reshuffle pointed Abadi out that “I will reshuffle and a range of candidates, including the ministers of interior and defense after the Eid al-Adha, in consultation with the blocks political. ”
And questioned Finance Minister Hoshyar Zebari, a vote of no conviction questioned Ebadi said, that “this is a constitutional right and claimed to be a withdrawal of confidence from any minister in accordance with the natural contexts, not personal.”
SRW says to rcookie()::D I’m awake! Was just waiting on your additional comments!!
Pablo says():Independent ministers is a good idea.
kalis says():OH BOY 😎 what happen this morning ?? I get a call at work the it was dinarupdates that Adabi not doing anything until after Christmas with reshuffling and etc . I said wait until cookie does his afternoon recap before jump off the ladder .lol
rcookie says():THE REPORTS ARE THAT ABADI WILL ANNOUNCE HIS CABINET BEFORE EID HOLIDAY….
Pablo says():That’s the 11th.
rcookie says():WHAT WOULD X-MAS HAVE TO DO WITH IRAQ..
Okie Dinar says to rcookie():GM Rcookie! Thank for all the great news this morning. I really like the one about having no intention to repeal Article 14. Question about that article. Why would Saleh ask to suspend art 14? I might be misunderstanding.
rcookie says():OH BROTHER..
rcookie says to Okie Dinar():HO OKIE….
SRW says to kalis():I think you received a prank call!! 😀
rcookie says to Okie Dinar():LIQUIDITY….
Okie Dinar says to rcookie():Sorry 🙂
kalis says():I know Rcookie . I am at lunch will look or have her send what she talking about .crazy people
rcookie says to Okie Dinar():AND THERE WAS NEVER A SNOWBALLS CHANCE IN BAGHDAD THAT WAS GOING TO BE REPEALED…
THEYVE ALREADY AGREED TO ALL THE CONDITIONS TO SBA LOAN AND RECIEVED THEIR FIRST OF THREE $639 MILLION DOLLAR INSTALLMENTS THEY WILL RECEOVE IN 2016…..
NOT CHANGING THE TERMS THAEY AGREED TO IN JORDAN BACK IN MAY AND ADDING NEW EXCHANGE RESTRICTION IN PROCESS….NO WAY…NO WAY…..NO HOW…
kalis says():I have learn not panic unless rcookie ,mr white ,hutch ,bgg and few other say so .(handshake)
rcookie says to Okie Dinar():WHY SORRY…
kalis says():these last few days . there will always be someone having a day to put water on hot fire of the great news .lol
SRW says to kalis():Now your talkin!! (y)
kalis says():here it is she talking about ========== larrykn says(10:15 AM):
Urgent Abadi: edit Mosul is linked to the departure of Obama
08.30.2016 19:43 [Oan- Baghdad] Prime Minister al – Abadi said edit Mosul city is not linked to the US elections and the departure of US President Barack Obama..itba
Chest: eliminate incapable of convicting and prosecuting from his party and militia
Hakim and u.s. Ambassador to discuss preparations for the battle of liberating Mosul
Abbadi announced the agreement with the province to release the connector and to stay away from politicizing questioning Ministers [extended]
Abbadi: we set a timetable for the return of displaced families to saqlawiyah and karma and Fallujah
.. Abbadi: ask judges and prosecutors to be resolute in combating corruption
.. Abadi: I will reshuffle, including the defense and Interior Ministry candidates after Christmas.
.. Abbadi: Cabinet voted on the draft budget for 2017
Abbadi: Amnesty bill will be modified in two kidnappings and terrorist crimes
Read More : http://www.dinarupdates.com/showthread.php?39971-Wednesday-August-31-2016
kalis says():lol
Okie Dinar says to kalis():Do they even celebrate Christmas?
SRW says to Okie Dinar():Don’t think so!! 😀
kalis says():not here in Plantation fl 😀
rcookie says():IMO…THIS IS THE DRIVER BEHIND THE LIBERATION OF MOSUL TIMETABLE..
tman23 says():Yes they celebrate Christmas……. They even put up Christmas trees…….
rcookie says():Battle of Mosul .. identify safe corridors for the exit of civilians
August 31, 2016 Iraqi forces in Mosul near the drunken archive
Iraqi forces identified safe corridors for the exit of civilians from the city of Mosul, which plans to begin the battle retrieved from the organization of the Islamic state Daesh soon.
The Defense Ministry did not disclose the locations or number of lanes, indicating that an announcement in this regard will be issued starting hour military operation.
He said ministry spokesman Naseer Nouri in contact with “Radio Sawa” that there is a joint effort of the state ministries and security forces for the relief of displaced people who fled from Mosul are expected during the battles:
It should be noted that Mosul is the second largest city in Iraq and the Center Daesh operations, which imposed its control in June 2014. Iraqi forces launched with the support of the international coalition led by the United States, several weeks operations in the vicinity of the city during which he gained control of the towns and villages and facilities before .
rcookie says():THAT IS IN KURDISTAN AND FOR YAZIDIS..
rcookie says():WHEN THE SAFE CORRIDORS HAVE BEEN ESTABLISHED TO ACCOMODATE FLEEING CITIZENS AND MINIMIZE CASUALTIES AND DISPLACED…ADDRESSING IRAQ…UN AND WORLD CONCERNS..
rcookie says():POSTED THESE AFTER CALL LAST WEEK…REGARDING REVENUE & EXPENDITURE REFORMS THE IMF IS MANDATING AS THE 2017 BUDGET HAS BEEN APPROVED BY CoM AND AWAITING ITS DAY IN PARLIAMENT…
rcookie says():2016 IMF LOIREVENUE & EXPENDITURE REFORMS
rcookie says():Audit the financial statements of the Development Fund for Iraq and Successor Account 300/600 at the CBI to check that all oil revenue reaches the treasury and monitor the use of the resources deposited in that account.
The Ministry of Finance will continue to have all the transactions moving the balance of its foreign exchange account 300/600 at the CBI audited by an international audit company every six month and will post the audit reports on its external website within six months after the end of each audited semester (SB, Table 5).
rcookie says():LOOK AT THE AMOUNT OF ADDITIONAL TAX REVENUES WHEN IMPLEMENTED FULL YEAR FOR 2017…
rcookie says():WOULD LOVE TO SEE WHAT WAS LEFT OF THE $38 BILLION DFI FUND…BEFORE IT WAS TRANSFERED TO SUCCESSOR ACCOUNT 300/600…
rcookie says():HERES THE UNDERSTANDING WHERE THE VAT WE READ ABOUT CAME FROM….NOT OSMOSIS…. THE IMF..
rcookie says():SO THERE IS A PC FOR MINISTRY OF FINANCE BY END OF SEP 2016….NO GUESSING….SPECULATING….RIGHT FROM THE IMF…
rcookie says():SO THIS IS SOMETHING YOU CAN GUARANTEE YOU WILL SEE AS PART OF 2017 BUDGET..
rcookie says():MORE TO LOOK FOR BEING EXECUTED BEFORE THE END OF 2016…
rcookie says():AND HERE ANOTHER PC DATE BENCHMARK FOR END OF DECEMBER 2016…….TO PROPOSE STARTEGY TO STRENGTHEN THE TAX & CUSTOMS ADMINISTRATION…
rcookie says():AND…BY TODAY..END OF AUGUST PROPOSE A STRATEGY TO IMPLEMENT UNCTAD ASYCUDA INFORMATION SYSTEM TO ITS ADMINISTRATION…
rcookie says():AS PER UNCTAD….THE MoF WILL BY END OF 2016 PROPOSE STRATEGY TO STRENGTHEN THE TAX CUSTOMS ADMINISTRATION WITH TA FROM THE IMF & WB…
WHO WILL IN TURN….PROPOSE A STRATEGY TO IMPLEMNT THE UNCTAD INFORMATION SYSTEMS INTO ITS ADMINISTRATION….
rcookie says():THE IMF IS TELLING THEM THEY WANT THEM TO BROADEN THEIR NON OIL TAX REVENUES…AND THEN GOES ABOUT TELLING THE WORLD HOW THEY WILL GO ABOUT ATTAINING THE NUMBERS THEY ARE SETTING AS A GOAL.
rcookie says():THIS IS WHY THE VALUE ADDED TAX IS SUCH A BIG DEAL….
rcookie says():6 The introduction of a 5 percent VAT, as decided by the Gulf Cooperation Council states for 2018 could yield annual revenue of 2 percent of GDP in these countries.
rcookie says():ADD REVENUES OF 2% OF GDP!!!…..
elliscole2002 says():understanding it all now
rcookie says to elliscole2002():(y)
elliscole2002 says():(y)
rcookie says():THIS IS WHAT THE IMF TOLD THEM THEY WERE LOOKING FOR IN WAY OF EXPENDITURES….
rcookie says():D. Expenditure Reforms 24. In order to decrease expenditure, the government will implement the following measures:Control the evolution of wages and pensions by a combination of the following measures:
rcookie says():implementing a hiring freeze in sectors other than security, health and education in 2016;
kalis says():??
rcookie says():AGAIN THAT PC DEADLINE IS TODAY
rcookie says():AND THE PUBLIC PENSION LAW WAS JUST VOTED ON….
bronclee says():Thanks Cookie….your having a good week! (y)
rcookie says():AND THAT IS ANOTHER DECEMBER PC DEADLINE…
kalis says():great rcookie is something happening to the stock exchange sept 3 ? thanks for all you do (y)
rcookie says to kalis():NOT THAT I HAVE READ…
rcookie says():THIS IS WHY YOU ARE SEEING GHE PENSION LAW UP FOR READING & VOTE IN PARLIAMENT RIGHT NOW….
rcookie says():NOT A COINCIDENCE…AND TO YOU AND I…OR THE AVERAGE JOE READING ABOUT IT SEEMS LIKE A REAL YAWN….
rcookie says():TO A COUNTRY LOOKING TO SQUEEZE EVERY DINAR OUT OF ITS ECONOMY GOING THROUGH TOTAL METAMORPHISIS….THIS IS WHY IT IS SO IMPORTANT…..
rcookie says():LOOK AT THOSE NUMBERS…
rcookie says():AND OULINES THE PARAMETERS IN DETAIL….
rcookie says():31 TRILLION ADDED TO THEIR GDP THROUGH 2028…BY MAKING SIMPLE AMENDMENT TO A LAW WITH THE STROKE OF A PEN…..
rcookie says():AND THIS IS WHY COLLECTING THE ELECTRICITY TAXES ELECTRONICALLY….AS RECENT AS TODAY IS SO IMPORTANT…
rcookie says ():THE NUMBERS ARE AMAZING…
rcookie says():SOME OTHER THINGS THESE SLACKERS ARE DOING BEHIND THE SCENES PER IMF…….
rcookie says():AGAIN… MUCH MUCH IMPROVEMENT OF ACURACY/TRANSPARENCY & TIMLINESS TOWARD THEIR ECONOMIC DATA REPORTING….
rcookie says():AND…WHY ARE THOSE ELECTRICITY NUMBERS A YAWNER FOR US…BUT SO CRITICAL TO AN ECONOMY REINVENTING ITSELF LIKE IRAQ’S..
rcookie says():8 In 2015, total electricity consumption was 42 TWh, revenue amounted to ID 0.8 trillion while the cost of producing electricity, with oil supplied at $5 per barrel, amounted to ID 5 trillion.
This tariff increase has the potential to increase the electricity sales to ID 3 trillion and reduce the gap with production cost to ID 2 trillion. In 2015, the central government consumed 4.5 TWh.
This tariff increase will increase the cost of its electricity bill from ID 73 billion in 2015 to ID 675 billion in 2016, compared to ID 360 billion in the 2016 budget. Credits for electricity consumption were revised upwards accordingly in the revised fiscal program for 2016 (¶20).
rcookie says():AND WHY THE PDS (PUBLIC DISTRIBUTION SYSTEM) IS SO IMPORTANT TO THEM…
rcookie says():ANNUAL SAVINGS OF 1.8 TRILLION IQD…OR…1.4% OF NON OIL GDP BY IMPLEMENTING THIS DATABASE SYSTEM…
rcookie says():THIS IS THE LAST ONE IN EXPENDITURE REFORMS…..AND THE NUMBERS ARE STAGGERING..
rcookie says():WITH MANY MORE CLASSIFIED AS SERVING NO PURPOSE BEYOND PROVIDING PUBLIC EMPLOYMENT…ARE STRUCTURALLY LOSS BURDENS OF STATE FINANCES….
WHICH CANNOT EVEN TRULY BE ACCURATLY MEASURED BECAUSE OF THE POOR FINANCIAL REPORTING SYSTEMS IN IRAQ…..
rcookie says():SO THE NUMBERS ARE PROBABLY QUITE WORSE…..
SO THE WB HAS SET UP A DATABASE TO MONITOR THE FINANCIAL RISKS OF THESE NON FINANCIAL SOE’S TOWARD FUTURE RESTRUCTURING…….
IN THE EXACT SAME WAY THAT THEY ADDRESSED THE 2 SOB’S…WHICH THEY ARE ABOUT TO REVEAL TO THE WORLD……..
elliscole2002 says():This is why we see Iraq meeting or exceeding all their deadlines
rcookie says():BA DEE…BA DEE…BA DEE THATS ALL FOR THE REVENUE & EXPENDITURE REFORMS FOR THE 2016 LOI…
kalis says():ok PC is PERFORMANCE CRITERIA just incase noone know like me . You do not you never know . thank you rcookie
Okie Dinar says():LOL, Thank you Kalis! 🙂
rcookie says():NO GURU BS…GUESSING…SPECULATION….JUST RIGHT FROM THE IMF…
Okie Dinar says to kalis():(y)
SRW says to rcookie():Who are the two SOB’s? I thought there were more than that!! 😀
Okie Dinar says to rcookie()::)
slh5282 says():great news run
rcookie says():STATE OWNED BANKS…RASHEED & RAFIDAIN…
slh5282 says():that is what we like about your news RCOOKIE.. all facts no shinola!!
Okie Dinar says to slh5282():(y)
rcookie says():SOE’S ARE STATE OWNED ENTERPRISES…
kalis says():(y) ok we need to stop worring my lady buddy just tex me that Kap said they rolling out bank reforms …({)
kalis says():great news today … rcookie you are the best . your PC IS GOOD also (y)
elliscole2002 says():they have been rolling bank reform for a bit now
rcookie says():AUCTIONS AT $133 MILLION…
rcookie says to SRW()::D
SRW says to rcookie):Just now got that one did ya? 😀
dale says():Rcookie : No gurus, no speculation …. just the truth and the facts ….that’ s what I want.
rcookie says():.but now the IMF since December has made it very clear it is 1 to 1…plus…every time an article comes out from the GOI or the CBI or some Financial Committee member it is always 1 to 1.
rcookie says():THE IMF HAS MADE NO SUCH THING VERY CLEAR….AND NEVER…..EVER….EVER WOULD….
rcookie says():EVERY TIME A CBI OR FINANCE COMMITTEE MEMBER SAYS ITS 1 TO 1……………….NOT A SINGLE SOLITARY SOURCE I HAVE READ HAS SAID THAT…….
kalis says():??
kalis says():so all this about return to $3.00 plus is hoping correct $1.to $1 morw in line with IMF
Woodywoodpecker says():nobody knows
SRW says to Woodywoodpecker():Shabs knows!! 😀
Woodywoodpecker says():maybe lol
rcookie says to kalis():THAT XXXXISM IS RIDICULOUS!!!………..
rcookie says to kalis():GURU BUSTERS!!…….
JETSET says():all we know is there will be a rate and there will be a rate and it will be sooner or later! voila! we are all good to go now! (lol
rcookie says to loop():HEY LOOPSTER!!…..LONG TIME…AGREED!!….JUST ASTOUNDED THAT PEOPLE BUY IN TO THAT…SO EASY TO FACT CHECK…
kalis says():i agree ….. if the imf said $1 to $1 i am cool with that . what evr rate they decide to come out is great due to will get the ball rolling .
Okie Dinar says():The dollar ‘s exchange rate at the highest level in a month
Views 18 Date 31/08/2016 – 18:50 Economy News / Continue …
It rose US currency exchange rate, the dollar, the highest level in a month against the Japanese yen as investors away in the currency market for the Japanese currency and optimism after the consumption figures in the United States.
The dollar rose to 103.23 yen, a level not more than a hundred yen to the dollar (100.5 yen to the dollar) the beginning of the week.
This is the highest level of the exchange rate to the dollar since the end of last month.
The euro exchange rate against the dollar has not changed too much to remain at $ 1.11 against the euro.
The average price of the dollar of 95.95 points to the index 96.13 points.
With the declaration of an increase in the consumption figures in the United States Tuesday, traders in the currency market returned to bet on the president of the Federal Reserve’s remarks (the central bank), the US at the weekend that the prospect of US interest rate hike more likely.
With the increase in the dollar exchange rate falling commodity prices denominated in US currency, such as oil, as declining price of gold and precious metals in general.
Read More http://www.dinarupdates.com/showthread.php?40026-The-dollar-s-exchange-rate-at-the-highest-level-in-a-month
rcookie says to kalis():THE IMF HAS NEVER…..EVER…EVER…EVER…EVER SAID ANY SUCH THING….
jimplants says():the imf and WB have not spent billions and all of this time for a measly dollar
kalis says():oh what is the 1 to 1 i am confuse
rcookie says to kalis():TYHAT WAS THE XXXXISM THAT IS GETTING GURU BUSTED….
jimplants says():view the VT value added tax their money will have a greater value one that is established not suppresed their one dinar will buy a lot more an aweful lot more
bubbles says():What is happening with the HCL? I havent seen anything on it in a while
rcookie says to bubbles():HOW DID YOU MAKE OUT…
bubbles says():Not listening
rcookie says to bubbles():WOW…WHAT A SHAME..
rcookie says to bubbles():AT LEAST YOU TRIED…
bubbles says():yep. I said what I said he is buying it. I tried all I can do.
bubbles says():Told him to come here dont know if he did but I doubt it
JETSET says to kalis():no worries kalis. there has been lots of speculation on 1 to 1 for years now. every single site has discussed it at some point on calls, chats, etc…. it isn’t uniqe to any one person.
Okie Dinar says():Sorry for everyone 🙂
bubbles says to Okie Dinar():aww and I thought I was special 😀
Okie Dinar says to bubbles()::D you are!
bubbles says():(H)
JETSET says to kalis():even BGG has said at times that he thinks it could come out at a low rate initially.
kalis says to JETSET():no problem . i was just asking and thought what i was reading the 1 to1
JETSET says to kalis():glad you are here.
Okie Dinar says to kalis():Me too! (F)
RickeyT says to kalis():from .01 to $37. to trhe English pound and all points in between
JETSET says to RickeyT():exactly. that has all been propogated at some point in time
RickeyT says to Okie Dinar():I am happy for you
rcookie says():WHAT IS UNIQUE IS THAT A CERTAIN GURU IS STATING THAT VA 1:1 RATE IS CLEAR BECAUSE THE IMF HAS STATED SO AS WELL AS “EVERY ARTICLE AND STATEMENT: FROM FINACE COMMITTEE…CBI…OR GOV’T OFFICIAL…
kalis says():enjoy your day all of you . i think it a blessing to know about and to have the chance to be part of it evenif it does not happen or not …
Okie Dinar says to RickeyT():I should also state, I have NOT been in this for YEARS.
Okie Dinar says to RickeyT():I haven’t hit that, ‘what did I get myself into’ wall 🙂
rcookie says():1000% UNTRUE AND RIDICULOUS
RickeyT says to Okie Dinar():only 7 years for me, many have died waiting for the “blessing” and were counting on it
flint says to bubbles():that group your friend is listening to also talks to the Dragon Family in China and talks Global Currency Revalue… more bs
JETSET says to Okie Dinar():i hit that wall about 24 hours after i made my first exchange but i have’t looked back since!
Okie Dinar says to kalis():Have a great Kalis 🙂 Thank you for being a huge part of our team 🙂
jimplants says():all i can remember being in print was RESTORE TO ORGINAL VALUE
rcookie says to kalis():SEE YA KALIS…
RickeyT says to jimplants():that sir, would be sweet!
JETSET says to jimplants():there have been articles over the years where different GOI / CBI officials have talked about making the dinar equal to the dollar… that has caused some to draw a conclusion that it will be 1:1….
jimplants says to JETSET():i believe they are talking about restoring value remember we use translations not actual words
Okie Dinar says to jimplants():That would be amazing!
JETSET says to jimplants():like i have said in the past, one day the IQD will have some legitimate value… whether it is 90 cents or 3.86 or anywhere in between, most investors won’t care who was right or wrong, they will just be excited that Iraq has moved forward and they can finally benefit from it.
jimplants says():can you imagine the accounting nightmare with sharing the port of faw and oil wells with kuwait if they are not close in value
JETSET says to jimplants():i agree. that has been one of my reasons that i believe that it will ultimately be at a very high rate.
Okie Dinar says to JETSET():Exactly! We would be happy no matter what it comes too!
Society says to rcookie():Hey rcookie……I just skimmed the chat logs as I am pushed for time so I may have not read everything from this morning…….
IMO, the Saleh Article is referring to Article 14, transitional arrangement, and not the 14. paragraph of what I believe was the Letter of Intent and agreement with the IMF……
I believe he is blasting the Finance Minister, Zebari, and parliament for not doing as agreed in “paragraph 14” to move from the MCP and to fully accept Article 8 obligations……
IMO, he is setting the stage to make sure Zebari is gone and the next guy better get things moving as they need the next two loan installments THIS YEAR!!!!……Time is wasting
JETSET says():furthermore, if, if, if it does come out at a low rate, i don’t think it would stay there for very long for various reasons including the shared port with kuwait, etc
flint says to Society():thanks for the possible explanation of the confusing Saleh article
Society says to flint():Not sure if my opinion is correct but it fits the context and especially coming from Saleh…..would love to hear other thoughts…..
Society says():As to Frank references earlier…..he needs our prayers…….him and his admins have run off many that tried to help him for so long…..If any have any difference of opinion from Frank or his “admins”, you are banned as I was……..not very Christian over there for a purported “Christian site”
jfd says():I cant believe that increasing the value of the Dinar would not help their budget problems.Maybe only dinarians think so?
Society says to jfd():How?????
Society says to jfd():IMO…..Indirectly only……they are broke after sharp decline in oil and having to pay for a war…….however, launching the private sector, job creation with added taxes and licensing fees all will contribute to decreasing their deficit
rayray says():Hi all- has anone heard about an in-country rv for vietnam?
JETSET says to tycho():good evening!
larrykn says to rayray():when a country changes value its not for inside the country it would do no good,they do it so they can trade and deal with the world
larrykn says to rayray():a dong is a dong like a dollar is a dollar here, its what you can buy for that dollar that changes, outside the country is what that currency can buy in the world
rcookie says():OK…BROUGHT IN FOR 2ND TIME THIS AFTERNOON… THE REVENUE & EXPENDITURE REFORMS INITIATIVE MANDATED BY IMF AS PART OF THE SBA AGREEMENT AND PC (PERFORMANCE CRITERIA)…
rcookie says():ALONG WITH ALL OF THE PC DATES…SO YOU KNOW EXACTLY WHAT TO LOOK FOR AND WHAT IS EXPECTED FROM IMF……AGAIN…NO GUESSING….SPECULATING OR GURU GIBBERISH…..BROUGHT TO YOU BY GURU BUSTERS….
rcookie says():LOL
TheDinarian says():LOL… I Love It!
rcookie says():HERE IS THE “PUBLIC MANAGEMENT REFORMS” FROM THE 2016 IMF LOI/MEFP/TMU…..
rcookie says():E. Public Financial Management Reforms
25. In order to strengthen fiscal discipline, the government will implement the following measures:
The Minister of Finance will approve a new draft of the Financial Management law in line with World Bank and IMF comments on the last draft submitted to the Shura Council (SB, Table 5). This draft will include: prior Ministry of Finance approval of multi-year commitments; two set of budget execution reports: one on a cash basis, and, another one that will gradually include more and more elements measured on an accrual basis; and codification of the current intention not to invest any surplus oil revenues in domestic assets.
rcookie says():Improve Government Finance Statistics (GFS) reporting. Building on the IMF technical assistance recommendations, the Ministry of Finance will send to the IMF staff fiscal reporting tables (including revenue, expenditures and financing) at end-December 2015, end-March 2016 and end-June 2016 in compliance with the IMF Government Finance Statistics Manual 2014 (GFSM 2014, SB for the first review, Table 5). It will publish quarterly fiscal reporting tables in compliance with the IMF GFSM 2014 with a quarter lag on the external website of the Ministry of Finance starting on January 1, 2017.
rcookie says():SO…WE STILL AWAIT THE HUGELY IMPORTANT FINANCIAL MANAGEMENT LAW…..1ST DATES WERE THROUGH 2016 TO IMPROVE GFS REPORTING…
AND BY JAN 1ST, 2017…REPORT GFSM REPORTING TABLES ON MINISTRY OF FINANCE WEBSITE…..
plowboy says():so these reform initiatives are to be implimented immediately?
rcookie says():Survey, audit and pay domestic arrears:
rcookie says to plowboy():BY THEIR RESPECTIVE PC DEADLINES…
rcookie says to plowboy():The government will monitor with quarterly surveys the accumulation of arrears by systematically recording in detail and monitoring the existing unpaid obligations on aregular basis. It will complete of a survey of all domestic arrears, i.e. payment due for more than 90 days, at end-June 2016, including:
(i) current spending (salaries, pensions, goods and services and capital purchases), managed by the Ministry of Finance; and
(ii) non-oil investments (projects and any associated penalties), managed by the Ministry of Planning. The Ministry of Finance will elaborate a consolidated report on all these arrears for the included ministries. (SB for the first review, Table 5).
rcookie says to plowboy():SO AGAIN A JUNE 2016 PC DEADLINE FOR SURVEY OF DOMESTIC ARREARS…..
plowboy says():sounds like they’re doing what is needed
rcookie says to plowboy():On the basis of each of these surveys, the government will prepare plans for the orderly payment of the arrears, following an independent audit of the arrears by the BSA and a repayment schedule in line with the government’s financing capacity.
In its revised fiscal program for 2016 (¶20), the government has included the issuance of two-year bonds in a provisional amount of $2.5 trillion carrying an interest rate of 5 percent to repay part of theID 7.5 trillion in domestic arrears on non-oil investment identified by the Ministry of Planning (¶11).
The government will set the amount of this issuance in light of the results of the audits of these arrears by the BSA, who will conduct it by end-August 2016, and its financing capacity.
rcookie says to plowboy():CORRECT….ARREARS SURVEY WAS DONE AND BSA AUDIT & REPAYMENT SCHEDULE AND HAD UNTIL TODAY TO COMPLETE…
Read More: http://www.dinarupdates.com/showthread.php?39971-Wednesday-August-31-2016/page2
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