Chat Room – News Excerpts & Highlights
kalis says():The parliamentary Finance Committee said today (Monday) that the President of the Republic Dr Fouad Massoum has not yet ratified the law of the federal budget for the current fiscal year (2017)
http://www.dinarupdates.com/showthread.php?45184-Reasons-for-not-authenticating-the-President-to-balance-the-2017
kalis says():wow what a joke these people are …they rush rush rush r and boom a road block .8-)
wmawhite says to kalis():What run block……………..????
wmawhite says to kalis):That budget is a map of anticipated revenues and expenses for 2017. It is not an RV.
wmawhite says to kalis():What road block???
kalis says):the road map is he has not sign the budget and what i read he taking his time . am i wrong ?
kalis says():about the rv i really do not see anything until next week . i think we all will know something then . remember the said first 1/4 that jan 1 to april 2017 . so we just wait and relax imo .
wmawhite says to kalis():Is your true name Dr. Clarke or Mountain Goat?
kalis says():NO
kalis says to wmawhite():they are not back until next week that what i was say . I do not call an rv or tell people when it happen sir
wmawhite says to kalis():Who is bacl next week??? The Parliament………….
Parliament does NOT control the current. What does next week have to do with this??
wmawhite says to kalis():currency
kalis says to wmawhite():they have laws etc etc that need to need be address per you guys .
kalis says to wmawhite():what ever .lol
wmawhite says to kalis():They have laws that eventually need to be passed. However, none of those laws preclude a change in the value of the currency.
kalis says to wmawhite():you said they said first 1/4 of 2017 so I am sitting back. relaxing and enjoy the florida weather . i feel the most relax on this investment due to you guys reseach and calls . I feel we are just waiting for the day it hits
kalis says():i feel it is near .. so take care
wmawhite says to kalis():Remember, nearly 21 months ago……….March 3, 2015 the CBI announced that they had received the “green light” to move forward with the “Delete The Zeros Project.”
nothing about needing any laws passed………………….this event is in process…………..it is not a single event. Instead, it has many parts to it and the value change is only one part of the project that is needed up front.
kalis says():i tell everyone i know relax log in here dinarupdates and when BGG Cookie or Mr White say worry then worry ,but until then relax .
kalis says to wmawhite():i hear you and agree … as i said am cool and relax on this . not even worry ..
wmawhite says to kalis():Thank you for the kind words…………….IMO, there is no worry………………. This is getting interesting….
kalis says to wmawhite():seeya
Holly1 says():anyone has a question i will take it over
smetz says():OK Holly……People have been taklking about things in country have moved to a 1 for 1 rate between Dinar and Dollar…..Has he bought anything this week and noticed it was cheaper priced?
BGG says to smetz():There is no way that is accurate.
BGG says to smetz():Everyone will know – for sure, within minutes.
Holly1 says to smetz():that is insane …. sorry to be that blunt
smetz says():I figured too but so much is out there…..
jfd says():Do you know anthing about the Kuwait RV process?
BGG says to jfd():Oh for Heaven’s Sakes.
BGG says to jfd():We post the facts about that scenario EVERY SINGLE DAY. Check the Current Iraq News Thread in the forum…
Holly1 says to BGG():hello i will stick to face book for awhile … have a great night 😀
Holly1 says to BGG():(})
BGG says to jfd():Go to the first pinned post. Scroll to the last article. LA Times – March 24, 1991 (real facts).
BGG says to jfd():It’s all there. On any given day.
jfd says():Thanks
BGG says to jfd():Here – wait.
BGG says to jfd():Crush Expected When Kuwaiti Banks Reopen Today
BGG says to jfd():KUWAIT CITY, Kuwait — Thousands of Kuwaitis are expected to jam the country’s banks today when they open for the first time since the end of the Iraqi occupation.
Customers will be allowed to withdraw funds and to swap pre-invasion money for a new currency issued to make more than $1 billion in pre-invasion dinars stolen by the Iraqis worthless.
“We expect a rush of people,” said Issam Asousi, an executive with the Bank of Kuwait. He said it could be a chaotic first week because customers have a lot of questions about their accounts.
Kuwaiti banks continued operating during the seven-month Iraqi occupation under managers brought in from Iraq, but they have been closed since the U.S.-led alliance ousted the Iraqi army from Kuwait a month ago.
When the banks reopen today, customers will be able to withdraw up to 4,000 Kuwaiti dinars, equivalent to about $14,000 at pre-invasion exchange rates from their accounts, and to exchange a like amount for foreign currency.
Balances of customers’ accounts will go back to what they were on Aug. 1, a day before the invasion.
Clients will not be able to exchange Iraqi currency issued during the occupation, when Baghdad pegged the rates of the strong Kuwaiti dinar to the far less valuable Iraqi dinar.
The new Kuwaiti money will be exchanged for old at a one-to-one rate.
BGG says to jfd():http://www.dinarupdates.com/
jfd says():Looks like a much different situation for Iraq?
BGG says to jfd():Obviously – it is.
jfd says():Not a good comparison I guess.
rcookie says to smetz():WE KNOW FROM THE REPORTS THAT THERE ARE SOME THINGS THAT ARE CHEAPER PRICED…
jfd says():How much cheaper?
rcookie says to smetz():AUTOMOBILES….ELECTRICITY…TELECOMMUNICATIONS… INTERNET SERVICE…FOOD…
jfd says():1000% cheaper??
rcookie says to jfd():?
rcookie says():GOING TO TALK ABOUT TONIGHT…
rcookie says):THEIR INFLATION RATE IS DOWN 1% FOR NOVEMBER AGAINST 2015 NOVEMBER…AND 0.7% FROM OCT 2016..
rcookie says(): DRIVEN BY LOWER PRICES FOR FOOD… HOUSING…
ENTERTAINMENT… TRANSPORTATION… HEALTH & EDUCATION … TELECOMMUNICATIONS…
smetz says to rcookie():I have had this currency since 2003 while over there……havent followed all of this for too long so trying to catch up on the learning curve, but to me, either they are on sanctions or they are not. Currency was devalued because of war,….once sanctions are done, currency should go back to normal rate, which in their case was $3.22
smetz says to rcookie():I don’t really think their budget really has anything to do with it…..I think it is more Central Bank of Iraq and UN…..
rcookie says():ALL DESPITE APPLICATION OF 2010 CUSTOMS % TARRIFFS RATES…
clay says to smetz():one would have thought
Okie Dinar says to clay():Hey Clay! Hope you had a great Christmas and New Years 🙂
risk says to clay():in a perfect world. .Eh clay
hutch says to smetz():Will you be listening to newstime after call tonight?
smetz says to hutch():Yes, I will Hutch
hutch says to smetz():Great, I’ll make a point to have it addressed !
smetz says to hutch):Thank you!
loop says():Microfinance
4/1/2017 0:12 Samir Alnasiri continue to keep an eye out activating the central bank initiative to allocate funds for the financing of small and medium enterprises because of the implementation mechanisms.
For the purpose of achieving the planned contribution of the private sector development goals in the diversification of budget resources and achieving sustainable development we propose the establishment of a bank for the financing of small and medium enterprises the contribution of the state by 25 percent of the capital,
which we propose to have up to 500 billion dinars and that the private sector contributes 75 percent and be the participation of the state , represented banks government ministries ,
which currently holds some financing for small and medium enterprises such as the ministry of labor and social Affairs, for example.
The contribution of the private sector should include private banks and companies , retaining the banking business and private companies concerned sectors , productivity and business people with real economic reputation and well – known bank accounts are subject to audit the Office of Financial Supervision and the supervision and control of the Iraqi Central Bank.
Requires to take over the new bank set rules and regulations and facilities for the granting of the loan to the owners of the projects are added allocation of the amount that has already been allocated by the central bank for this purpose and did not use it so far only a small percentage for the purpose of organizing the work of the bank and enable it to play its role fully.
You should pass a law for small and medium enterprises to develop economic Description small and medium-sized projects and identify and foundations controls that determine the quality and economic viability of projects.
It can clarify the goals achieved by the establishment of the new bank , through the achievement of one of the development goals and a plan of government and central bank to support and stimulate the private sector and stimulate the economic cycle,
and the contribution of the private sector to diversify revenues and reduce the budget deficit in 2017 and achieve one basic goals is to involve the sector in investment and activate the production process in the industrial, agricultural, commercial and tourist sectors of the economy and housing.
And ensure the achievement of social goals , the reduction of the unemployment rate for graduates and professionals, craftsmen, which amounted to 31 percent and the involvement of the private industry economic decision – sector down to build introductions transition to a market economy and its leadership for the management of the economy and increase the proportion of its contribution to the GDP and reduce unemployment and operation of the workforce idle ,
as contained in stages private sector development strategy for the years 2014 – 2030, and therefore we have to work to activate and Tndij Central Bank’s SME initiative and developed to achieve economic and social goals of the community.
http://www.dinarupdates.com/showthread.php?45186-Microfinance-1-3&p=167659#post167659
Dr dave says():how would they make change if a coke cost 1 dinar?
Holly1 says):Baghdad city water closed .. great economic feasibility of new investment and leap
4/1/2017 0:12 here is the link you will always find tomorrows news …..
http://www.alsabaah.iq/ArticleShow.aspx?ID=129197
loop says():Financial finish investigating the theft of 75 billion dinars
4/1/2017 0:12 BAGHDAD / Tariq al – Araji , completed the Office of Inspector General and the Ministry of Finance, the investigation process more than 75 billion dinars theft, while the World Customs Organization expressed the Arab Network Integrity and Anti – Corruption and the United Nations, their willingness to cooperate with Iraq to improve its position in the field of customs.
He said the ministry inspector Maher al – Bayati in a statement »Sabah» that «his office completed its investigation process of stealing $ 75 billion and 629 million dinars, after detecting the last month of 2016, and the referral of those involved to eliminate the Integrity Commission».
Al – Bayati said that « the accused (j. M. P), ran the robbery through remittances under collection issued by a branch of the Agricultural Bank to be deposited in his account personal with one of the branches of Rasheed Bank, to withdraw and deposit amounts calculates citizens and owners of banking offices», indicating that «was the arrest of those involved and be placed by the competent authorities. »
On the other hand, he noted al – Bayati that his office recently participated the meeting of regional UN in collaboration with the World Customs Organization and the Arab network to promote integrity and combat corruption, which was held in Beirut, through the provision of search the subject of Customs and the movement of trade in the country.
He said the inspector general that the «Cooperation with the World Customs Organization will contribute to the improvement of Iraq ‘s site within the World Ranking countries by anti – corruption published by Transparency International , which outputs», adding that «Customs Organization expressed willingness to train Iraqi cadres on the work of customs and application of the International Standards outlets border ».
http://www.dinarupdates.com/showthread.php?45187-Financial-finish-investigating-the-theft-of-75-billion-dinars-1-3&p=167661#post167661
digiman1 says():wow loop…….thats wild…..
loop says to digiman1():It really is starting to look look crime does not pay in Iraq.
loop says to digiman1():look like crime
digiman1 says to loop():its so ‘normal’ for them….
digiman1 says to loop():everybody steals
digiman1 says to loop():time for a rude awakening…..
loop says():Economists: 3 million housing units to end housing and the problem of unemployment
Il Giornale BAGHDAD Journal News , a student who specializes in economic affairs, government to the success of the housing projects, the allocation of land for building houses and residential complexes, while encouraging the establishment of manufacturing construction and opening of housing loans,
pointing out that Iraq needs to revitalize the housing and construction projects in the current crisis because it is useless economic, as make a profit and contribute to the operation of large numbers of unemployed, as well as satisfy the need is one of the necessities of life.
While researchers averred, that the solution to the housing crisis, can not be achieved without the establishment of large residential complexes giant construction projects, which absorb large numbers of the population through the establishment of multi – storey buildings and prefabricated casting to exploit the speed factor.
Economic analyst said the sanctuary of the Secretary, in an interview (Journal News), said that ” a large and growing housing crisis, as beyond the country ‘s three million housing units needed before 2020, and the government is required to provide chances of success of the housing projects, sorting through residential land and the other for the construction of housing complexes,
with the support of the establishment of brick and cement plants construction and supplies such as plastic pipes, glass and aluminum electrical, installations, as well as the opening of housing loans, whether residential complexes vertical or horizontal , and supplying them with services. ”
He said the Secretary, ” the housing crisis inherited decades ago, especially in provincial centers, due to the growing population and the recovery of the living situation for most of them.”
He stressed that “the revitalization of the housing sector will serve the national economy in terms of providing jobs and wide for the unemployed, especially engineers, technicians and skilled workers and unskilled,
as well as the operation of transport and coefficient of blacksmithing, carpentry sector along with brick plants and cement and quarrying sand and gravel, and all of these production units must be a national far from import to ensure the recycling of money within the country and not going out of it. ”
Secretary said that “the government, issuing regulations and laws to prevent the import of construction materials, and at the same time is supported by laboratories and factories producing locally, as in the cement plants in the past year where surpassed domestic production in quantity and quality,
and covered the local need and configuration to export the surplus of the Iraqi cement abroad, the government should support the specialized laboratories for the production of complementary materials and contribute to the construction operations, such as glass, aluminum, iron, wood and tile, as well as bricks, along with plastic and production of electric wire and health material factor.”
The Secretary stated that “the deployment of residential complexes either horizontal or vertical in the various regions of the country and lack of concentration in certain areas and the establishment of production units nearby giant Kalmaaml or agricultural fields or tourism projects or transportation and other projects.”
It owns the country, a number of private housing finance Almaossat the Land Bank of the Ministry of Finance and the Housing Fund of the Ministry of Construction and Housing and private banks as well as bank Rafidain and Rasheed, who confer loans, housing for employees, and the government has to support these banks financially reorientation towards lending housing and facilitate transactions of the citizens.
In turn, economic researcher, Salim Shami’s (Journal News), said that “the worsening housing crisis, due to the limited projects for housing and scarcity in more than two decades due to stop the state from building residential complexes with high population growth rates, high land prices and increased allowances rent because of the legislation, which organized the real estate market, which descended into the chaos of speculation, and the reluctance of the private sector to participate establishment of residential complexes ”
He drew attention to the “high prices of construction materials as well as the limited ones done locally due to suspension of some facilities and rudimentary each other.”
loop says():Shami called “exaggerations exceeded engineering durability and relative housing some well-known tradition among Iraqis, especially those living in slums and mud buildings and houses Elsafaij rail – Ginkgo taking into concern the legitimacy of these poor precedence in housing.”
He continued, “We need a well thought out solutions pre-planned closely the physical capabilities of the citizens, and their conditions of life and humanity difficult and their legitimate right to access to housing as citizens of Iraqis living in a state exceptional Mashah and their inability to provide adequate housing Badmithm and dignity of homelessness and destitution of life.”
“It is an urgent need to activate the distribution of residential land to citizens and discounted prices commensurate national income for the Iraqi people and obtaining their money in monthly installments.”
He pointed Shami, to “the importance of facilitating housing soft loans to citizens and to encourage the Iraqi private sector and investments of domestic and international in this vital sector and contracting with well-known in the field of Construction and Housing and facilitate their tasks in Iraq and to utilize them in the operation of Iraqi manpower to gain experience and skill in the construction and housing sector,
global companies across these companies for the future Iraqi self-sufficiency of skilled labor as well as open courses in the inside and outside Iraq for the rehabilitation of workers in the sector of structural engineers and technical staffs and middle-skilled workers and “.anthy
http://www.aljournal.com/wp-content/uploads/2017/01/834017d900-660×330.jpg
http://www.dinarupdates.com/showthread.php?45188-Economists-3-million-housing-units-to-end-housing-and-the-problem-of-unemployment&p=167663#post167663
Read More: http://www.dinarupdates.com/showthread.php?45174-Tuesday-January-3-2017/page2
BGG Blog
