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​Millionday: Ministry of Oil continue its consultations to amend the contracts for the international oil companies operating in Iraq, in light weights because the amendments include participation b »profit and loss».

A spokesman for the Oil Ministry, Assem Jihad, in the interview that «the ministry is continuing in consultation with international oil companies operating in Iraq, to review the licenses obtained by decades », indicating that« includes a review held every oil field on the unit to reach a new agreement on it achieves the benefit of both parties, according to the understanding between them ».

Millionday: NOTE — THE OIL CONTRACTS WERE UNDERSTOOD TO BE AMENDED DUE TO UNDERSTANDING BETWEEN THEM — THE AMENDMENTS ARE ABOUT PROFITS AND LOSS — FIGURES

Millionday: NOTE — THE AMENDMENTS INCLUDE COST FIGURE CHANGES

Millionday: He added that« one of the terms of the licensing contracts offers the possibility of revision in the light of Variables », adding that« dialogues with the oil companies are going about quiet until now ».

Jihad is likely to« include changes to the oil licensing reduce production costs and the proportion of profits contracts », adding that« the ministry will announce the details of each contract after the completion of agreed upon with the company concerned ».

Millionday: NOTE — THE FIGURE CHANGES ARE NOT BEING RELEASED YET BUT ARE EXPECTED TO BE

Millionday: Furthermore, said the Commission on oil and energy parliamentary member Aziz Ugaili: that the former officials in the oil ministry, did not think the changes that can occur to world oil prices, when they signed licensing rounds decades, pointing out that they «thought only profit is possible to achieve a timely manner».

He added Ugaili, in an interview, that «Iraq pay for that minor thinking after falling oil prices and has become the loss of its share alone», adding that «the current oil minister, Adel Abdul-Mahdi, is working to modify some of the terms of licenses consensual contracts, without means So cancel ».

Millionday: NOTE — OIL CONTRACT FIGURES ARE BEING CHANGED NOW

Millionday: He predicted a member of the Commission on oil and energy parliamentary, that« the amendment is heading to the participation of loss and profit as is the case in the Kurdistan region », ruling that« oil companies concerned rejects amendment decades licenses ».

Millionday: SO AS WE SEE — SOME OF THE CONTRACTS HAVE BEEN IN EFFECT FOR DECADES AND ARE BEING CHANGED NATIONALLY

slh5282: ARE THE CHANGES IN PRICING GOING TO BE THE REVALUED RATE?

Millionday: I DONT KNOW SLH — JUST KNOW THEY ARE BEING AMENDED —

Nadita: Are they talking about amending HCL and now start paying them what supposed to be paid..?

Millionday: NO THIS IS THE ACTUAL CONTRACTS THAT ARE BEING AMENDED IN THIS REPORT — NOTHING IS STATED ABOUT THE HCL IN THIS BUT THAT DOESNT MEAN SOME OTHER NEWS WONT ADDRESS IT

198r: MD would like your comment of this article – http://translate.google.com/translat…%2F-&sandbox=1

Millionday: 198 — I WILL PULL IT UP AND ADDRESS IT AT THE END OF NEWS — THANKS HUN

Millionday: NOTE — THIS IS THE DEVELOPMENT NOT JUST TALK ETC

Millionday: President of the Parliament confirms its support for the development of financial control process and the preservation of public money

The head of the House of Representatives Saleem al-Jubouri, Sunday, support for the development of financial control process to fight corruption and the corrupt and the preservation of public money.

Millionday: NOTE — JUBOURI HAS CONFIRMED SUPPORT FOR FINANCIAL CONTROL STEPS

Millionday: Jubouri said Office in a statement the agency / information / received a copy of it, “the speaker of parliament, received in his office , today, the President of the Board of Supreme Audit During the meeting, they discussed ways to develop the work of the bureau and to overcome the obstacles that hinder the progress of the regulatory process.

Millionday: NOTE — THIS MEETING WAS ON THE STEPS TO REGULATE FINANCES

Millionday: The head of the parliament, according to the statement,” full support for the Foundation as an important pillar in the consolidation of the oversight role of the fight against corruption and the corrupt and concern for the public money.

He explained that “the House of Representatives is keen to develop the regulatory process and the adoption of modern methods and means which would contribute to building solid institutions.

Millionday: SO THIS IS OBVIOUSLY THE STEPS TO SET REGULATIONS TO DEVELOP THE FINANCIAL CONTROL

Millionday: IMF AND IRAQI MEETINGS ARE TAKING PLACE

Millionday: Iraq looking with the International Monetary Fund to support the financial stability of the country

Iraqi Ministry of Finance / said on Sunday that a government delegation is going on in the Jordanian capital Amman talks with senior experts and International Monetary Fund officials to study the country’s financial and economic situation and ways to support and assist the Fund.

Millionday: NOTE — THEY ARE MAKING PLANS TO ASSIST THE IMF IN SUPPORTING IRAQ `S FINANCIAL STABILTY

Millionday: The ministry said in a statement responded to Twilight News, that the Iraqi delegation participating in the talks consists of Finance Minister Hoshyar Zebari on the Keywords Governor of the Central Bank and financial and economic adviser to the prime minister appearance of Mohammed Saleh and directors of budget departments, accounting, public debt, and representatives from the Ministry of Oil and Planning and the Central Bank.

Millionday: WHOOPOW — WHAT A LIST OF ATTENDEES — LOVE IT

Millionday: She noted that consultations take place to reach a memorandum of understanding for technical Fund monitoring program to strengthen public financial management and strengthen cash management and provide stability to the financial sector in the country.

The ministry said that due to these consultations will continue for several days

Millionday: SO THIS WILL CONTINUE FOR A SEVERAL DAYS —

Millionday: WHOOPOW

Nadita: Looks like the books are being balanced and ready for a new fiscal year and new Iraq.. WHOOPOW… MD.. thank you so much

Millionday: I AGREE HUN — LOOKS GREAT

Millionday: YW ALL THE TIME — VERY EXCITING IMO — CANT WAIT FOR RESULTS

Mod.LLN65.copycat: didn’t catch when meetings over

Millionday: THEY JUST SAID IT WILL LAST SEVERAL DAYS

Millionday: THIS IS ANOTHER REPORT ON THE MEETINGS

Millionday: Jordanian capital Amman financial and technical talks between the government delegation of representatives of ministries of finance, oil, and planning, the central bank with senior experts of the International Monetary Fund officials IMF; to study the country’s financial and economic situation, and ways of supporting the Fund.

Millionday: A statement from the Ministry of Finance received “official Iraqi News Agency, he said that” Finance Minister Hoshyar Zebari, and the Governor of the Central Bank on the Keywords, financial and economic to the Prime Minister and the Chancellor appearance of Mohammed Saleh, took part in these talks.

Millionday: NOTE — THE LIST OF ATTENDEES IS GROWING — WHOOPOW

Millionday: NOTE — THIS TELLS US WHAT THEY ARE HOPING TO GET DONE

Millionday: “The consultations take place; to reach a memorandum of understanding for technical Fund monitoring program to strengthen public financial management, and strengthen cash management, and provide stability to the financial sector in the country, it is due to these consultations last for several days.”

Millionday: WHOOPOW   Millionday: HUGE MEETING IMO

Nadita: Memorandum of Understanding?? that is huge….. this is the final approval of a plan and yes everyone will get paid.. what you think, MD..?

Nadita: I like the sound of “provide stability to the financial sector in the country.

Millionday: IMO — IT IS THE SET UP OF ALL OF MONITORING AND FINANCIAL DEVELOPMENT PLAN

Tiger: With a meeting like this, with this many top officials makes me think something new is up

Millionday: IT IS VERY ENCOURAGING TO ME TOO HUN — I CANT WAIT TO READ THE RESULTS OR ANY COMMENTS COMING OUT OF THESE MEETINGS —  Millionday: WHOOPOW

Tiger: They have not gone meetings like this before, so it stands to reason they are looking at something new

quicktolegit96: I THOUGHT 2 DAYS AGO, YOU HAD MENTIONED THAT IRAQ HAD SOME KIND OF RATE SET DUE TO THAT MEETING BEING OVER? OR AM I WRONG? I AM TRYING TO RECALL

Millionday: NO I HAVE NEVER SAID I KNOW OF THE RATE — IM NOT SURE WHAT YOU COULD BE THINKING OF HUN

Millionday: CBI STATED THIS — SO THINK ABOUT THE RESULTS FOR THE BANKS — THIS WOULD MINIMIZE THE ABILITIES OF SOME BANKS — SO THERE MUST BE OPPORTUNITY COMING UP THAT THEY WILL BE LEFT OUT OF IMO

Millionday: The Central Bank of Iraq, Sunday, to take all legal action against offending banks to auction foreign currency, stressing that the bank’s audit teams continuing its work in this area in coordination with the judicial authorities.

The bank said in a statement received by the agency / information /, a copy of it, that “in light of the recounted by some of the media and social networking sites of news and information and presentation of documents pertaining to violations of some banks and companies in the sale and purchase of foreign currency window emphasize

Millionday: that we had previously taken all legal action against those banks and their clients in conflict with the instructions for an auction of foreign currency for the years 2012, 2013 and 2014″.

Millionday: NOTE — SOME BANKS DID NOT FOLLOW REGULATION SO THEY WILL HAVE TO MEET ORDERS GIVEN DUE TO THIS BEFORE THEY MAY GO FORWARD— LEGAL ORDER

Millionday: The statement said that” Among those actions prosecution by Iraqi courts in addition to his imposing heavy fines and being Asthsalha now, “noting that” the bank’s audit teams continuing to work in this field with the coordination and inform the competent judicial authorities offenses or values the amounts obtained for this purpose.

Millionday: “It is noteworthy that the Iraqi Central Bank decided, in (June 9, 2015), depriving the 14 banks from entering the window buying and selling foreign currency, as he emphasized that depriving these banks will continue until the payment of the amounts discharged.

Gene Hill: Why are we not hearing news of high rank officials in other countries participating in such momentous reforms that surely affect their citizens greatly and as much as citizens of Iraq are affected?

Millionday: GENE — UP UNTIL TODAY MANY INTERNATIONAL LEADERS WERE IN IRAQ AND MANY LEADERS HAVE ALSO TAKEN PART IN CONTRACTS AND ALSO STRATEGIC FRAMEWORK AGREEMENTS ETC —
Millionday: EXPERTS FROM ALL OVER THE GLOBE HAVE BEEN IN IRAQ —

Nadita: 14 banks must have not paid their bills to central banks.

Millionday: ACCORDING TO WHAT I HAVE SEEN — THEY DID NOT FOLLOW SET REGULATIONS —

Gene Hill: Do we know what all countries are in the basket (if there really is a basket)?

Millionday: THE BASKET MEANING SDR?

Millionday: Finance Committee in the House of Representatives stressed the importance of the work of electronic payment that would activate the banking system in Iraq and banditry in front of bribes and restore some public money to the state treasury.

A member of the committee MP Masood Haider Rustam said in a statement seen by the agency of our economy news that this system significantly contribute to the activation of the banking sector in Iraq,

and will restore confidence between the citizen and the banks, adding that the applicable system is not in the developed European countries only, but in the states neighbors like Iran and Turkey.

Millionday: NOTE — THE FINANCE COMMITTEE IS STATING HOW IMPORTANT IT IS TO ACTIVATE THE ELECTRONIC BANKING AS IN THIS REPORT — GLOBALLY

Millionday: He said Rustam this system «quantum leap» in banking transactions, stressing that it will save the state the issue of currency demand and facilitate the exchange through electronic cards, which will contribute to restore some public money to the state treasury.

Millionday: NOTE — I AM NOT AN INTERNATIONAL BANKING EXPERT — THE WAY I UNDERSTAND ECONOMICS IN BANKING IS THEY ARE REQUIRED TO HAVE ON A % OF DEPOSITS

AND ARE ABLE TO INVEST ETC PORTIONS OF MOVING FUNDS — THIS ALLOWS REVENUES IN INTERESTS AND OTHER BANKING SOURCES

Millionday: In spite of the many features contained in this system, but the Iraqi banks questioned the possibility of the success of the system (electronic payment), who called him the Central Bank of Iraq, indicating that the Iraqi particularly both private banks are not eligible to work in this system because of the debt being experienced,

was not able to put it so far, as well as the lack of new deposits, both from the citizen or from government agencies, as well as the current conditions of the country to which the activities of banks.

Millionday: SO THE BUDGET AND FUNDS NEED TO BE DEPOSITED AND BANKING SERVICES NEED TO BE ACTIVATED SO ITS A GREAT SUCCESS —

Millionday: HUGE THEY ARE CALLING FOR ITS ACTIVATION

Doodle Brain: Importance of an Electronic GLOBAL Banking System. Ummmm, I think this deserves a big’ol….WHOOPOW!

Millionday: GREAT NEWS NIGHT   Millionday: WHOOOPOW

Doodle Brain: As of this moment, there are no agendas posted for next week, but this is not unusual. Agenda’s are normally posted the night before or a few hours prior to an official session.

My first question is, what do you think will be on the Agenda tomorrow or Tuesday? Am I asking you to look into your Crystal Ball…yes, I guess I am. I actually believe that you own one of those things….

And my second and last question is…I posted an article in the Forum that stated that Chalabi delivered his files of “corruption” prior to his death. JPEGs of the actual documents (which I can’t transcribe).

Who do you think they were delivered to and what do you think is going to happen next? Maliki relocating to Syria or maybe a life time membership to one of Iraq’s notorious prisons?!?

Millionday: MALIKI IS REPORTED NOT TO BE WELL

Millionday: LET ME SEE WHAT I HAVE ON PARLIAMENT

Millionday: THEY HAVE BEEN WORKING MANY DAYS IN A ROW —

Millionday: READ EVERY WORD OF THIS — WHOOPOW

Millionday: Emirate encourages intellectual background adopted by the government in economic policy and of financial activity and embodied in the project the previous budgets, private economic activity.

This philosophy enshrined in the Iraqi constitution, in Article 25, which states: (The State shall ensure the reform of the Iraqi economy on a modern basis and to ensure full investment of its resources,

Millionday: diversifying its sources and encouraging the private sector and development) which is based on narrowing the field to the economic activity of the state, as a prelude to join the system of the world economy imposed by international institutions (the International Monetary Fund, World Bank and WTO) and guidance.

Millionday: NOTE –OBVIOUSLY THE ACTIVATION OF THEIR OWN CONSTITUTIONAL GUARANTEES IN ARTICLE 25 IS VERY IMPORTANT DUE TO THE FACT IT IS THE IRAQI ECONOMY

Millionday: Academic d. Imad al-Ani said that Iraq currently faces conditions that do not allow him to work on this approach only after it is economic and social reform process and even political, and then the appropriate approach to join the international economic system,

noting that as a result we note that there is a significant distortion in the government budgets for Iraq, because despite what was approved by the Constitution and announced by the government following the philosophy of free market economy and the adoption of market mechanism economist as a method, but that is what we observe in the budget otherwise completely.

Millionday: NOTE — ARTICLE 25 CAN NOT BE APPLIED WITHOUT THE REFORMS

Millionday: >>>>>only after it is economic and social reform process

Millionday: He pointed out that the budget reflects the extent of government intervention in the economy, particularly as indicated by the operational expenditure figures and specifically paragraph salaries and wages, and thus there are great challenges of economic, social and political general budget and make this the image that we see control.

He said al-Ani, saying: What Iraq still suffers from the lack of reasons for security and stability are allowed to develop realistic and ambitious development and reconstruction programs, in the circumstances of the lack of strategic development and

Millionday: NOTE — THE REASON THIS IS NOT APPLIED IS DUE TO REFORMS NOT BEING ACTIVATED AS WE CAN SEE BY THIS REPORT

Millionday: clear The glitch security significantly, where the focus is on the security aspects, in particular social aspects, including the guarantee entry to citizens, pointing out that this situation has seen high unemployment rates accompanied by economic and social effects makes it imperative for the government addressed through fiscal policy, specifically overhead.

Millionday: NOTE — IT IS IMPERATIVE THAT THEY MOVE FORWARD WITH FISCAL POLICY DUE TO THE SITUATION DESCRIBED

Millionday: He pointed to accompany it is policy efficient operation, as the only sector that works is the public sector, although it suffers a lot of obstacles, including the private sector depends on the work almost entirely,

as it is still suffering from serious problems will require increased public spending on infrastructure and basic support that sector and the provision of appropriate to the environment, pointing out that he was accompanied by high levels of poverty and poor performance of government services and the inability to provide the necessary environment for the extension of economic and social reform policy and this is a major challenge facing the government.

Millionday: NOTE — WITH JUST THE PUBLIC SECTOR IT JUST IS NOT WORKING — — THE REFORMS ARE OBVIOUSLY NECESSARY

Millionday: Ani said: «reform of the public finance sector, a process that requires the study of the financial activity of the state conditions of income and expenditure, in particular the extreme weakness in tax revenue resulting from the failure of the tax system, mismanagement and the large number of exemptions. Offset by the case of widespread excessive public spending, which is evident by tracking the financial activity of the Iraqi government.

Millionday: NOTE — EVEN THE GOVERNMENT CAN NOT OPERATE WITHOUT THE PLANNED TAXATION ETC REVENUES — IT JUST DOESNT WORK ACCORDING TO THIS

Millionday: Concluded Ani to say that these things are the root cause of the growing fiscal deficit is added to that a defect in the structure of revenues, since oil is the source of these revenues president and which is linked to the international market makes revenue prone to instability due to fluctuations in world oil prices and fluctuations in the production and export capacity of Iraq’s oil.

Millionday: SO THEY NEED TO ACTIVATE THE PRIVATE SECTOR — OIL IS NOT RELIABLE AS THE ONLY INCOME AND THEY MUST MOVE FORWARD ACCORDING TO LOGIC AND THIS REPORT

cowboydownsouth: full investment of its resources, joining the system of the world economy imposed by international institutions (the International Monetary Fund, World Bank and WTO) Whoopow

Millionday: WHOOPOW

jtank: arent the tax and tariff system set up for the coming monetary change and wont work with the situation the way it is now? thx

Millionday: ACCORDING TO EVERYTHING I HAVE READ IT IS SET UP

thomas1: how much longer do you think they need before they just do it instead of talking about it

Millionday: I DONT KNOW

thomas1: what hold up do you see as of now

thomas1: all i read is good good and they need ,but each week goes by nothing

Millionday: I DONT KNOW — I SEE NOTHING IN INK AS A HOLD UP TO SHOW YOU — GUESSING IS NOT GOOD — SOME MAKE A GOOD PASS TIME OF IT BUT NOT ME — NO INK STATING

Millionday: OK BRB — LET ME SEE IF I HAVE ANTHING ON PARLIAMENT
Millionday: HERE WE GO WITH THE LAST OF IT

Millionday: READ EVERY WORD

Millionday: Salih stressed the launch of industrial and agricultural economic development process, adding that« the government has a vision Ptashiq state-owned enterprises with the private sector within the current lending program,

a move that would give a strong impetus to stimulate the private sector and the Iraqi economy, in addition to the agricultural sector and agricultural crops development », indicating that if the government went from now to activate it will be given the results and revenues during the six months.

He said the economic and financial adviser to the prime minister said Iraq has a problem in oil flows, adding,« but have a high wealth and not bankrupt, but facing financial hardship cash ».

Millionday: NOTE — IRAQ HAS MADE SOME LOAN AGREEMENTS — THE REPORT IS LONG AND IT HAS THE LONG FIGURES ETC

Millionday: He praised government adviser on the role of the Central Bank of the coordinating higher to support the monetary policy of the country, stressing that it has provided liquidity up to 11 trillion dinars to banks for government lending for the current year while maintaining and monitoring the reserve until the situation is safe from economically and keeps the dinar.

Millionday: and see the economic and financial adviser to the prime minister that the launch of the 6 trillion loan will contribute to the development of the economy and move the market economy in accordance with the guarantees and the basis of common data being linked with the rest of the banks, which will make the money in the safe and do not go to speculators or smugglers are limited Investors and the true pioneers of the market.

Millionday: SO THIS IS OBVIOUSLY A STATEMENT OF SUPPORT AND A PAT ON THE BACK FOR WORK IN PREPARATION —

Millionday: WHOOPOW

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