Lexi: Frank if they put tariffs and taxes in on the 31st do you still think that it will still take the 30 day lag time after before we might see the new rate that you spoke of last cc?
LCM: Obviously I’m not Frank, But IMO When the taxes and tariffs start they will have a rate of some kind and IT can NOT be hidden, the documents that go with them are import documents and the rate will be listed for anyone to see. Soooooooooooo, IMO the (rate) is first or at the same time the import duties are collected (listed).
Walkingstick: CBI News & Announcements
To / banks approved to exercise all banking (sale and purchase of foreign currency instructions)
Walkingstick: “IMF” is close to the drafting of an agreement to monitor Iraq’s economy
December 15, 2015 13:11
Direct: said Masood Ahmed, director of the Middle East Department of the International Monetary Fund, the Fund the process of finalizing an agreement to control the Iraqi economy within days.
He said, “Massoud” during a conference Arab Emirates, that the Iraqi economy monitoring program designed to track the actual performance of the Iraqi authorities, a Dharor for the future program of public funding.
The Iraqi authorities had agreed last November, to observe the International Monetary Fund for economic policies and its plan to cut spending and reduce the budget deficit.
It came after the World Bank refused to lend Iraq US $ 5.1 billion to cover the budget deficit, noting that the general budget.
Walkingstick: IMF official: the completion of an agreement with Iraq to observe the coming days program
Tuesday 15 December 2015
Masood Ahmed Director of the Middle East Department at the International Monetary Fund said that the Fund will put the finishing touches in the coming days an agreement with Iraq on a program to monitor the country’s economy, told Massoud one foreign news agencies on the sidelines of a conference in Dubai that the monitoring program will track actual performance to Iraqi authorities as may be lead to agreement on a program of funding for next year
Walkingstick: Tomorrow .. Showing 2016 budget vote
BAGHDAD – Shaima Rashid
put the parliamentary finance committee and a government committee charged with the prime minister the final touches on the draft next year’s budget law for presentation to a vote at the meeting tomorrow Wednesday, at a time when the rise of Iraq’s exports of oil, which depends budget on revenues mainly to about 3.4 million barrels per day in January, up 17.2 percent from the previous month.
member of the Finance Committee MP Sarhan Slevana stressed that the budget that in 2016 put up for a vote tomorrow, noting that the differences remaining on them will be completely bypassed during the remaining period.
He revealed Slevana, in an interview for «morning», About «deduction accounted for 3 percent of employees and retirees the salaries of all employees in the whole of Iraq, including distributed at the rate of one and a half percent for the crowd and popular one and a half percent go for the displaced», indicating that «these deductions will provide budget worth trillion dinars almost».
In turn, assured Parliament rapporteur Niazi architecture Ihsanoglu Showing budget bill to a vote at tomorrow’s meeting, but he went to it will not be passed because of some comments on them.
He explained Ihsanoglu, in a statement to «morning», that «the dispute over the budget assignments pertaining to the Peshmerga as part of the Iraqi military system», indicating The Kurdistan Alliance «demanding to have their financial their independent».
He pointed Ihsanoglu to «lack of clarity in the amount of oil exported across the region to Turkey as well as Basra allocations which has returned to $ 5 per barrel, and the popular crowd allocations are inadequate despite Add trillion them ».
Parliament decision noted that« the Council will continue to hold its meetings until the adoption of the budget », warned that« the legislative recess of the Parliament no longer have only a short period », pointing out that« the deduction of 3 percent of employees and retirees precaution will no longer be needed in the event of rising prices or exports of oil ».
While announced the parliamentary finance committee member Haitham al-Jubouri to agree on most of the paragraphs of the financial budget for 2016, noting that the proposed deduction of 3 percent of employees and retirees’ salaries will include the Kurdistan Regional staff also.
He said al-Jubouri, said in a statement received «morning», that «most of the paragraphs of the budget have been agreed upon among all the political blocs through their representatives in the Committee of Finance».
Jubouri added that «the proposed deduction of 3 percent of employees and retirees’ salaries will include the staff of the province as well», adding that «deduction allocated to support Crowd People ».
On the other hand, trade sources of oil, which depends budget on revenues mainly said, citing a preliminary program for charging that Iraq plans to export about 3.4 million barrels per day of Basra crude from the southern harbors in January, up 17.2 percent from the previous month .
The sources added that Basra Light crude will lead the increase in exports next month as exports of it may reach 2.65 million barrels per day, up 24 percent from the previous month.
The sources said that Basra crude heavy exports will reach in January 750 thousand barrels a day, unchanged from its level In December
A spokesman for the Oil Ministry, Assem Jihad, announced last Saturday, said the ministry aimed to increase Iraq’s production of crude oil to 4.5 million barrels per day in the middle of next year 2016.
Jihad said, in a press statement: «we are working to reach This quantity », indicating that« the cost of producing a barrel in Iraq does not exceed the $ 10 but the problem is the low price and this will reflect negatively on imports of the state ».