rcookie says(): HERE ARE SOME OF THE BUDGET ISSUES THEY ARE WHINING ABOUT…AND POLITICAL TANTRUMS AND THREATS IN THE PAST MANIPULATED BUDGET OUTCOME…THAT THIS YEAR ARE BEING POSED TO IMF….
WHO ARE SITTING THERE GOING…LA..LA..LA..LA.LA..I CANT HEAR YOU..HAD YOUR CHANCE…LA..LA..
Pablo says(1:59 PM): Hee hee.
Pablo says(1:59 PM): Too late.
rcookie says “there are other materials challenged by the Iraqi government, notably the cancellation of paragraph reducing the functional class of the Directors of the three presidencies offices of the Minister to the Director General, along with eliminating the role of the House of Representatives for discussion and review of external financial borrowing before granting successful cabinet,”
LLN65 says rcookie Good afternoon thanks for the news 🙂 and…what does this mean? A hold up on everything?
magnetlady says(): I was just going to ask as well, was the budget ever published in the Gazzette. Thought that was supposed to happen on the 1st of Jan
rcookie says(): NO NOT AT ALL…POLITICIANS JUST WHINING ABOUT MANDATES FROM IMF TGAT ARE IMPACTING GOVERNMENT AND PEOPLE..
jd says(): If the IMF thinks a Iraq RV will bail out Greece and other Europian countries,I cant see a long wait.Thoose Europian countries are just about tapped out.IMO
magnetlady says(): at least something was to have been published in the Gazette.
Baxter1243 says(): Magnetlady… Iraq has ONE Speed….. S L O W
LLN65 says(): rcookie ok thanks
rcookie says(): Added “gosz program that monitors the Fund requires the commitment of the Iraqi government reforms affecting the country’s public financial management, banking supervision, during the remainder of 2015 to 2016”, stating that “most of those reforms to approve draft Financial Administration Act sent to the State Council, in line with comments from World Bank and International Monetary Fund.
rcookie says(): DISCUSSIONS WITH THE IRAQI SIDE NOT TOUCHING THOSE FILES…
rcookie says(): MANDATES FOR IRAQS COMPLIANCE ARE IN STONE…NOT TOUCHABLE…BEYOND REPROACH…
rcookie says(): THATS AML LAWS…INVESTMENT LAWS…BUDGET DEFICIT PERCENTAGES…SUBSIDY CUTS…SALARY LADDER IMPLEMENTED…
1glen says(): Talking with a member here yesterday and talking about how so much has been done. To me it doesn’t make good sense to delay changing of the rate another second.
So instead of saying what has been done, what reasons would they not change the value of their currency at the beginning of the year? NOW ! ! ! Thank you in advance for helping me to understand.
JETSET says to 1glen(): i agree! now is good!
Baxter1243 says(): YEP… Like TODAY
1glen says(): Good at least I am not confused alone 🙂
JETSET says(): not at all!
LLN65 says(): glen if we knew we woudn’t be here 😀
rcookie says(): CANT THINK OF ANY 1GLEN….BUT THEY ARE OBVIOUSLY ON PLAN…
Pablo says(): Amen!!!!!
LLN65 says(): oh yeah
jd says(): I believe that a rate change anytime in Jauary would be the same as Jauary1st bookkeeping wize.So we may have to wait until the last possible second with Iraq.
rcookie says(): LD RELEASE…INTERNATIONAL EQUATION FACTORED IN TO PRICING INDEX OF GOODS IN PRIVATE RETAIL SECTOR…REFLECTIVE OF RATE CHANGE AND NEW VALUED CURRENCY NOTES AND ADJUSTED PURCHASING POWER…
puffdragon says(): So wait till Monday when both the CBI and ISX open and we will know!
1glen says to puffdragon(): I think they open tomorrow. I am hopefull that this blessing is HERE
Baxter1243 says(): Yes….. but they have had months on end to factor all that stuff…. they need to press the dang button….
1glen says to Baxter1243(): AGREED
Baxter1243 says(): Put the numbers in…and any computer can spit out the answer in about five seconds..
1glen says to puffdragon(): Ok Monday is good for me 🙂
mrsgib says to puffdragon(): remember they are a certain number of hours ahead of us……so their 3rd is still late night 2nd for us
puffdragon says to 1glen(): Shabibi had stated it would be 3 days to change rate back in 2012, so both being closed the 1st 2nd and 3rd of Jan, hence the 3 days, so Monday hudini comes out of hiding or not !
mrsgib says to rcookie(): is that from an article saying that the lower denoms have been released?
1glen says to puffdragon(): He has the three days he wants Bring it ON !
puffdragon says to 1glen(): DITTO !
1glen says to puffdragon(): To me there are just soooo many things which would make sense for it happening NOW and not later
rcookie says to mrsgib(): NO WAS ANSWERING QUESTION
puffdragon says to 1glen(): But glen we are talking about Iraq !
mrsgib says to 1glen(): I agree…so much is in play right now for it to be continued down the line
1glen says to puffdragon() I agree. It sometimes appears that the words “common sense” do not fit into their launguage
puffdragon says to 1glen(): IT DOESNT ! I feel an RV would solve most of the on going problems at this point ! JMO
Baxter1243 says(): The problem with the other revenues…is… its going to take a while… they are not going to be an overnight thing to depend on… Agriculture will take at least a year or two… fish farms… well fish dont grow very fast either… thats all well and good and will surely help…but its not going to help this year…
1glen says to puffdragon(): I do not see how delaying this benefits the People of Iraq or the rest of the world for that matter. I am praying Monday is the start of a wonderful life for millions of people (including ME )
1glen says to Baxter1243(): I agree Baxter but as they say “a journey of a milliopn miles starts with one step” TAKE THAT DARN STEP PLEASE !
ljenterprises says(): Hey Baxter! I just want to clarify something. This morning when I said, “Dah!” That was for me. Sometimes I can’t see the forest for the tress
Baxter1243 says(): (lol)
puffdragon says to 1glen(): Were all with that sediment glen. With the budget opened and tax and terrifs activated cant go long without
1glen says to puffdragon():I Agree !
mrsgib says(): instant taxation for the things that currently exisit
Baxter1243 says(): well… lets hope so…. its hard to say what the farms look like with all the devastation over there….. 80% of Ramadi is completely gone… who knows about Mosul..
puffdragon says to mrsgib(): It would be a mistake to enact the tax without giving the people mor buying power along with the tax !
CanTWaitwoRV says to Baxter1243(): yea exact scenario marshall plan reconstruction imo
CanTWaitwoRV says to Baxter1243(): investment monies
Baxter1243 says(): yep… lots of work..for sure
Baxter1243 says(): Caterpillar will have a heyday selling dozers over there
CanTWaitwoRV says to Baxter1243(): for sure
Baxter1243 says(): yep
mrsgib says to Baxter1243(): caterpillar…cool…another stock idea
CanTWaitwoRV says to Baxter1243():might look like the jetsons when it’s all said and done with
puffdragon says to Where’sthebeef(): No I havnt , I think rcookies responce to that yesterday wes they told us they were so they probably have !
Baxter1243 says(): Did you see that towering inferno in Dubai…… what a fire that was….
Baxter1243 says(): that will have to be torn down….. most likely
puffdragon says to Where’sthebeef(): Nothing said to the contrary !
Where’sthebeef says to puffdragon(): I sure hope that’s that case. My only issue with them saying they would is that they have stated for years on end they were going to start the tariffs and always failed to do so. I hope history is broken this time and doesn’t repeat itself. It all looks good though
maine says(): anything to do with the cement industry is another good investment
1glen says to puffdragon(): Got to go but thank everyone for your input and ideas. God Bless
Baxter1243 says(): Im sure the steel strength was compromised in that building…they said it was leaning about 7%…
maine says(): like nite and day difference puff!
Where’sthebeef says to puffdragon(): Yes, that is the reason I think it looks so good. One thing is for sure, we will know today through Monday if history is finally broken with the tariffs. Will be a great thing if so!
puffdragon says to Where’sthebeef(): Its sit back and watch at this point !
Where’sthebeef says to puffdragon(): Been sitting back for 9 years, so what’s a couple more days?? smile
Eventually though, the implementation of the taxes and tariffs will cause the costs of goods to rise in Iraq and one way to off-set those increases in the cost of goods is to increase the value of the IQD outside of Iraq.
larrykn says to wmawhite(): once they enact the tariffs and taxes I don’t think it will take very long to raise the rate,
subgirl says to wmawhite(2:50 PM): oh wow! I thot the budget meant an automatic rv!!! thanks for clarifying!!!
puffdragon says to wmawhite(): I cant imagine why there would be any extended wait for that to happen !
vision2 says(): Thank you Mr. White is there a time frame for the taxes & Tariffs ?
subgirl says to wmawhite(): So when they implement the tariffs and taxes, then the rv will come but may not be right away… is that it??
larrykn says(): they were suppose to enact them Jan 1st
larrykn says(): along with the budget
subgirl says to wmawhite(): wmawhite: Folks,……..the beginning of the taxes and tariffs are a good thing for the 2016 budget……because the budget is dependent upon those revenues. However, the 2016 budget does not mean that the value of the IQD is going to change automatically. Eventually though, the implementation of the taxes and tariffs will cause the costs of goods to rise in Iraq and one way to off-set those increases in the cost of goods is to increase the value of the IQD outside of Iraq.
vision2 says(): Well we have alot to look forward to we are waiting with baited breath!!
LLN65 says(): we are IN the TIME FRAME!!! Whoopow (y)
wmawhite says to puffdragon(): Go back to what we know………………..the IMF stated about 2 months ago:…..” he stressed that Iraq will return to economic market during the first half of next year.”
puffdragon says to wmawhite(): Thats quite a window of time, can the people of Iraq wait that long with tax and terrif increase of goods ?
puffdragon says to wmawhite(): I know its all speculation on our part, just seems to be a little slow with comming thats all !
rcookie says(): “THEY HAVE STATED FOR YEARS BUT FAILED TO DO SO”…THATS WHAT MAKES THIS SO DIFFERENT…THE CONDITIONS AND REASONS WHY THEY HAVE FAILED TO IMPLEMENT IN PAST…
IN INK…WAS THE INABILITY TO APPLY UNIFORMLY TO ALL PROVINCES SO MARKET PARITY MAINTAINED (BASRA COLLECTING..BUT KURDS NOT) AND BORDER SECURITY WITH INSPECTION QUALITY STANDARD CONTROL TECHNOLOGIES IN PLACE AND READY TO APPLY…
AND KURDS COMPLETELY ON BOARD AS REFLECTED IN TARIFFS AS INTEGRAL…MANDATED PART OF THEIR 2016 BUDGET…AND NON OIL REVENUE STREAMS….
wmawhite says to puffdragon(): 6 months compared to over 30 years……………
puffdragon says to wmawhite(): They allready in poverty dont add to the time of those conditions !!:D
LLN65 says(): wmawhite so the June 1 is the very end for sure? IYO
LLN65 says(): or in stone?
LLN65 says(): puff I guess like many have said, look for the tarrifs and taxes!!
mrsgib says to rcookie(): well said
wmawhite says to LLN65(): Again,……….the IMF stated what their expectations are……………..the IMF did not gaurantee anything……….however, it appears that they are driving this boat, named Iraq, and that is where I am putting my money.
Where’sthebeef says to puffdragon(): Hi puff. I certainly don’t pretend to know “how when where and why”, but I know for a fact no one else knos either. For years screen names have been givning thier opinions, time frames, of “when how when and why”, and unfortunatley this investment continues to show that people although with good intentions, really have NO clue as to the “how when where and why”.. lol
LLN65 says(): wmawhite well that sounds good to me too!! TY 🙂
wmawhite says to Where’sthebeef(): IMO,..the IMF probably has as good as an idea what the who, what, when and why are………….lol
LLN65 says(): beef well thats true, and hi :), I think the IMF being in the drivers seat adds a different twist
Baxter1243 says(): WMAWhite…. what is your opinion on a Float of some type.. can we rule that completely out of the picture ..??
rcookie says(): JUST CONSIDER THE MAGNITUDE OF TODAYS ANNOUNCEMENT…OF THE SHIHABI BORDER CHECKPOINT WITH IRAN IN WASIT PROVINCE…
THAT WILL MORE THAN DOUBLE THE COMMERCIAL..INDUSTRIAL AND AGRICULTURAL TRADE WITH IRAN…WHILST FACILITATING AND ACCOMODATING OVER 3 MILLION IRANIAN RELIGIOUS PILGRIMS PER YEAR AND RELIEVE STRESS ON NEIGHBORING PORT CHECKPOINTS….IT IS HAPPENING…
Where’sthebeef says(): I would assume they do. I was talking about the opinions of screen names over the years. YOu know the ones, that have made countless predictions of when how where and why, and have never come into fruition.
Where’sthebeef says to rcookie(): yes, great stuff right there!
rcookie says(): DEFENSE MINISTER SAYS FALLUJAH LIBERATED BY END OF WEEK….
rcookie says(): ANBAR HAS 18 NEW INDUSTRIAL…SERVICE AND AGRICULTURAL PROJECTS CUED UP TO START RESTORING NORMAL LIFE IN ANBAR CITIES…..
rcookie says to kmiller68(): ABADI IS MEETING WITH ANBAR COINCIL TOMORROW…ALONG WITH RECONSTRUCTION PANEL…
tman23 says(): Due the economic crisis in the Kurdistan Region, the electricity sector has been significantly impacted. The Kurdistan Regional Government (KRG) has reduced the electricity recently because the Ministry of Natural Resources could not send petrol to the Ministry of Electricity. There is about eight hours of official national grid electricity and 8 hours from an indirect resource.
The KRG Ministry of Electricity declared that the production of electricity decreased due to the decreasing petrol and closed some production units of electricity in Sulaimani, Duhok and Erbil—three of the main cities in the region………
ABADI RESTORING SERVICES IN ANBAR……LOL !! KURDISTAN CAN’T KEEP THE LIGHTS ON AND THERE INFASTRUCTURE IS INTACT……NOT TO MENTION THAT DECEMBER THE GOI INCOME WAS WELL BELOW 4 BILLION USD……..
wmawhite says to tman23(): Restoring services in Anbar will give the Sunnis a reason to support Abadi instead of ISIS. At the minimum the Kurds have food to eat and a few hours of electricity. Many of those folks in anbar have nothing.