Tlm724

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News & Comments 1–5-16 
Government is moving toward raising the value of the dollar to the 200 to cover the salaries of its employees
01/05/2016 10:18 Tomorrow Press / Baghdad: heading the Iraqi government, during the current year to raise the value of the dollar against the Iraqi dinar to the 200 thousand dinars for every 100 dollars, instead of 120 thousand dinars, including an attempt to cover employees’ salaries.
A source in the Finance Committee of the House of Representatives, who declined to reveal his name, in an interview for “tomorrow Press”, that “the central government received proposals by some parliamentary bodies and a number of ministers, requires raising the value of the dollar to the 200 thousand dinars per hundred dollars, in order to Dam and cover staff salaries, which have become the government unable to pay in light of the continuing decline of oil prices.

“The source added that” only the victim of this procedure is the employee, where the prices of goods will rise in full, as the Iraq imports simplest things from abroad because of the lack of industries Local and push the prices of those goods.
LINK
[tlm724] heading the Iraqi government, during the current year to raise the value of the dollar against the Iraqi dinar to the 200 thousand dinars for every 100 dollars
[tlm724] now who is saying this ??
[tlm724] A source in the Finance Committee of the House of Representatives, who declined to reveal his name,
[tlm724] so maybe that talk is on the table but we and no one else knows that. There have adjustments made to the dinar as we witnessed and we KNOW the IMF is there so lets not get all stupid over all this
[tlm724] there is talk on another forum about a rate change and they have been watching and waiting trying to back up all they said about the 1st of the year so I beg you all to use discretion in who you listen too
[tlm724] don’t fall for the guru spew, we will know when things move via announcements from the CBI themselves not from someone guessing ok ?
[cat] yep
[tlm724] we will stay calm and study what happens daily, not call the RV and try to back peddle for days trying to keep our members calm ok ?
[cstacy] tlm724 yes thanks
[tlm724] we don’t roll that way, just sayin…
http://www.bondladyscorner.com/t160031-government-is-moving-toward-raising-the-value-of-the-dollar-to-the-200-to-cover-the-salaries-of-its-employees
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The Minister of Finance is likely inability to pay salaries in April if oil prices continued to decline
04/01/2016 06:24 |  Direction Press / Agencies
He favored Finance Minister Hoshyar Zebari, on Monday, the inability to staff the distribution of salaries in the month of April, in the event of continued low oil prices, while noting that there are other options to avoid that.
Zebari said in a press statement that “in the past year, we have succeeded in the distribution of salaries, but this year, according to estimates available to me, we have exposed to the problematic in the month of April may not be able to distribute the employees’ salaries for that month,” pointing out that “this is a reality and must be people know. ”
Zebari said, “There are seven million people are paid salaries of Iraq’s total population of 36 million,” noting that “the total amount to be distributed from the monthly salaries of four billion dollars.”
And on the procedures to be followed if oil prices continued to decline, Zebari said, “There are several alternatives, including borrowing from international institutions a few of the benefits,” adding that “Iraq has received a few days ago billion and $ 200 million from the World Bank.”
He said Zebari, that “The other option is how to raise the Iraqi dinar exchange rate, and although it choose the risk and could have repercussions, but we thought of not granting full salaries, and to keep some of our loans, and give a document that we will give money when what provides we’ve got”.
Zebari said that “from the sale of oil and receipt of the money options in place in advance, in addition to raising the price of water, electricity and fuel service option but it is not easy, any government applied be subject to the reactions of the citizens,” stressing that “economic decisions painful, but it is said that any economic decision if not, it is not a painful decision. ”     http://aletejahtv.org/index.php/permalink/93753.html
[tlm724] “Iraq has received a few days ago billion and $ 200 million from the World Bank.” He said Zebari, that “The other option is how to raise the Iraqi dinar exchange rate, and although it choose the risk and could have repercussions
[cat] uh huh
[tlm724] Zebari said that “from the sale of oil and receipt of the money options in place in advance, in addition to raising the price of water, electricity and fuel service option but it is not easy, any government applied be subject to the reactions of the citizens,” stressing that “economic decisions painful, but it is said that any economic decision if not, it is not a painful decision
[tlm724] any government applied be subject to the reactions of the citizens,”
[tlm724] sooooooo there are several options on the table for getting out of the crisis
[tlm724] I don’t think he is saying to “raise” the value the way we want them too lol make adjustments is more like it
see here : Government is moving toward raising the value of the dollar to the 200 to cover the salaries of its employees
http://www.bondladyscorner.com/t160031-government-is-moving-toward-raising-the-value-of-the-dollar-to-the-200-to-cover-the-salaries-of-its-employees
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Najib: Preparation of the budget of the government’s work and should be informed of the amendment made it all[
05/01/2016 10:36 |  Direction Press Special /
Kurdistan Alliance MP Najiba Najib confirmed that there are ways drawn in the Constitution and the laws that begin in the House of Representatives and to become a window must pass a number of the relay.
Najib said in an interview with “direction Press” that the stages that must pass by enacting laws, including the federal budget law is the House of Representatives authentication and authentication Presidency of the Republic, and then published in the Gazette of Iraq.
She added that the federal budget law and after that published in the Gazette of Iraq Stsdrlh instructed by the Council of Ministers and the Finance Ministry to implement provisions of the law in the budget materials.
With regard to the question of appeals said Najib that this matter is not new because many paragraphs introduced by the Finance Committee and voted on by the Parliament, as well as requests by both blocs or committees, after collecting 50 signatures are voted on within the Council without taking the opinion of the government, and this means that the government challenged.
She noted that the Federal Court directed in any material developed by the Finance Committee or the parliament without taking the opinion of the government would be contrary to the Constitution, because the preparation of the draft budget is the work of the government and we must look at all the changes that may occur later by the legislature.
It is noteworthy that, the Council of Ministers, announced during its meeting on 29 December last, challenge the materials 2016 budget law.
He revealed Minister of Construction and Housing Tariq Kikhany for material that will challenge the government in the fiscal budget for 2016 Act.
He said it was the most important items that will be challenged budget is the financial transfers where it formed a committee of the ministries of finance, planning and reconstruction to review these items and the most prominent of transfers between chapters of the budget, noting that some transfers were from the ministries of defense, interior and this may adversely affect the conditions of the security forces and military operations in Currently in Anbar province and other provinces.
He pointed Kikhany to the cancellation of the parliament’s foreign grants, as well as the payment of the foreign debt owed by Iraq and the negative impact on the work of the Ministry of Finance and this formed a committee to read the items that can be challenged, indicating that these substances are about 10 of additives and some amendments made by Parliament on the material not are in favor of the budget.
http://aletejahtv.org/index.php/permalink/93794.html
President of the Republic to ratify the budget law
JANUARY 3RD, 201
The official spokesman for the Presidency of the Republic, Mr. Khalid Shwani announced the rule of President Fuad Masum authentication on Sunday 3/1/2016 on the Federal Budget Law No. (1) for the current year.
He explained Huani confirm Mr. President, on this occasion, the importance of adhering adjusts unnecessary expenses and taking into account service Low-income and provide basic services have social strata in this emergency situation through which the country.
He said the official spokesman for the President to renew his thanks and appreciation for all the efforts that have contributed to the preparation of the budget, study, review and discussion and legislation, whether in the government or in the House of Representatives or in the media that the draft a vital role in all these stages.  LINK
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[tlm724] signed then appeals then gazette  Wink will probably be another month
[tlm724] keep in mind that the 2015 budget was published in the gazette on 02/22/2015
[tlm724] He said it was the most important items that will be challenged budget is the financial transfers where it formed a committee of the ministries of finance, planning and reconstruction to review these items and the most prominent of transfers between chapters of the budget
[tlm724] see they gotta fight it out
[bigdinaros] this years budget is interesting since it contains tariffs
[tlm724] bigdinaros true true but probably be another month then they have to implement it
[bigdinaros] true
[tlm724] could be sooner though, depends on how serious they are
[tlm724] they can fast track it but remember this is Iraq, molasses in winter lol
http://www.bondladyscorner.com/t160020-najib-preparation-of-the-budget-of-the-government-s-work-and-should-be-informed-of-the-amendment-made-it-all
Criminal Integrity: resolving the issue through 642 between 2015 and convicted of senior officials in the state
History of edits:: 2016/1/5 12:01
{Baghdad: Euphrates News} Integrity Criminal Court in Baghdad announced the resolution of 642 cases during 2015 between senior officials convicted in the state.
He said the judge Jumaa al-Saadi Prime Criminal Integrity court in Baghdad in a statement the agency {Euphrates News} received a copy of it today, “it was resolved 642 cases during 2015 and the remainder only 10 cases of the occurrence of appeals discriminatory by Among those convicted of senior officials in the state.
For his part, said Haidar Hisham Prosecutor integrity Court according to the statement, “We are continuing in coordination with the Integrity Commission and the unity of the fight against money laundering in the central bank to move the case against the accused of wasting public money and corruption cases.”
turn said Mohammed Salman, an investigative judge of integrity in the same statement, “Stop 560 billion dinars exchange through manipulating instruments through last year. “ended          http://alforatnews.com/modules/news/article.php?storyid=105215
[tlm724] “it was resolved 642 cases during 2015 and the remainder only 10 cases of the occurrence of appeals discriminatory by Among those convicted of senior officials in the state.
[tlm724] “We are continuing in coordination with the Integrity Commission and the unity of the fight against money laundering in the central bank to move the case against the accused of wasting public money and corruption cases.
[tlm724] go get em
http://www.bondladyscorner.com/t160036-criminal-integrity-resolving-the-issue-through-642-between-2015-and-convicted-of-senior-officials-in-the-state
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Calls for a review of prices of bank stocks and tightening control over banks
01/05/2016   [rtl]BAGHDAD / JD / .. invited a number of experts and specialists in economic affairs and banking to the need to reconsider prices of bank stocks and tighter government oversight and control of the Central Bank on the work of banks, especially civil to develop their work and stay away from the financial problems and the fight against money laundering, pointing out that 77% of cash Iraqi exists outside banks as a result of a lack of confidence in those banks.
[rtl]He says the Minister of Planning and former member of the House of Representatives MP Mehdi al-Hafez, that the work of local banks is still limited as a result of a lack of confidence by the citizens and companies, because there are many problems in their work as a result of the absence of effective control over the banks, especially the civil action.[/rtl]
[rtl]He said Hafiz told / JD /: that the central bank for banks control remains weak largely what make some banks dare to carry out suspicious acts harmed the national economy and the reputation of local banks, calling on the central bank, government and parliament to tighten control over the work of banks for the development of the banking sector and the fight against laundering money as well as stay away from any financial problems.[/rtl]
[rtl]He noted that the process of dollar selling by the central bank is a sensitive issue for the citizen it is assumed that the process of converting amounts normal and easy way prevail as is prevalent in other countries, stressing the lack of separation between what exists in the banking sector transactions and the central bank and the state of corruption in in the state.
[rtl]For his part, he called the economic expert on behalf of Anton, to the need to reconsider prices of banking stocks, noting that there are 77% of the Iraqi currency outside banks, even if this size is present government was able to finance the budget deficit Iraqi dinar and the dollar by borrowing from these banks, and this was the result of the wrong approach for banks and lack of monitoring and follow-up and the role of passive registered companies.[/rtl]
[rtl]He’s Anton / JD / that the banking system and because of the tremors he suffered and the withdrawal of large sums of money from banks, some of which was not the level of responsibility led to shake the confidence of the citizens of these banks.[/rtl]
[rtl]He stressed the importance of reviewing the absence of government and the absence of legislation in this regard the standards, calling for activating the control procedures by the central bank away from the courtesies. [/rtl]
[rtl]The banking expert Abdulaziz Hasson, has stressed that the difficult conditions in which the private banking sector is currently going through Mqlqh, specifically in light of faltering performance that accompanies the banks Khash, especially with regard to its ability to fulfill the rights of depositors.[/rtl]
[rtl]He pointed Hassoun’s / JD / to be trust between the citizen and the private banks has become difficult Halaa, and may fade until address this situation in the sector, pointing out that the reluctance of some banks to reimburse citizens Modein, paying citizens who have accounts in other banks are financially stable and able Modeiha, to meet requests to withdraw their deposits in case of any emergency.[/rtl]
[rtl]He said the situation requires measures by the Central Bank of Iraq for the return of citizens’ confidence in Almassarv, because her guarantor and is responsible for its activities and its work.[/rtl]
[rtl] He pointed out that private banks have seen a remarkable development in Alojerh, years in practice all forms of banking activity and the adoption of modern systems and mechanisms, calling on the central bank to tighten its supervision of banks and provide any necessary support in order to restore confidence in those banks. / End / 8 /         http://www.dananernews.com/News_Details.php?ID=6563[/rtl]
 [tlm724] He pointed out that private banks have seen a remarkable development in Alojerh, years in practice all forms of banking activity and the adoption of modern systems and mechanisms, calling on the central bank to tighten its supervision of banks and provide any necessary support in order to restore confidence in those banks.
http://www.bondladyscorner.com/t160058-calls-for-a-review-of-prices-of-bank-stocks-and-tightening-control-over-banks
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The completion of the oil agreement plugging the budget deficit
1/5/2016 0:00   BAGHDAD – Muhannad Abdul Wahab     confirmed for the Oil and Energy Committee in the House of Representatives it is continuing to work to accomplish for the regulation of oil exports and imports generated by this wealth bills, stressing the need to oil exports increase in practice through the preparation and the creation of laws pertaining to this matter, to be presented for discussion at the Council House and voted on and then approved.
The Chairman of the Commission on oil and energy Ares Abdullah, the “morning”: that “the Committee examined and discussed in their meetings laws referred to it projects, for the purpose of submission to the House of Representatives, to read a first reading,
and to address the government on its position on the formula that you have sent in Previous laws to the Commission, and the formation of a sub-committee members,
to determine the priorities of the laws referred to, such as the draft second amendment to the law on investment in the crude oil No. 64 filter for the year 2007, and the law exempting foreign companies and sub-contractors and foreign contractors in licensing rounds of fee contracts in the bill law “, adding that” The committee expressed its observations on the recent law.
“share petrodollars said Abdullah,” The Committee also discussed the draft law to determine the provinces producing and non-producing share, as expressed observations on the wording of a number of materials, particularly Article 3 of the law relating to the validity of the Council of Ministers reconsider the percentages granted to the provinces producing oil, as the Commission decided to agree on the abolition of this article, and voted to proceed introduced a draft law on the presidency of the Council with a view to legislation.
“He continued that” the Committee also discussed the topics finance the federal budget for 2015 and accruals oil companies operating in rounds licenses and company Midland Refineries in the presence of the parliamentary finance committee. “Statement of the oil agreement and disclosed Abdullah, for the issuance of the Commission statement on Baghdad and Erbil oil agreement, with the announcement that the Iraqi governorates outside the Kurdistan region will get the 83 percent of imports exporting oil region in the event of the success of the implementation of the oil agreement
He called the Committee’s statement, all parties and political blocs to ensure the success of this agreement in the best interest of the people, especially that this agreement will support the Iraqi economy and contribute to bridging the deficit in the general budget of the country through imports of oil Alakulaim.obin that “the supervisory role played by the committee was important in discuss the issue of lack of staff of the Ministry of Industry companies pay the salaries being funded enterprises,
the self and non-productive now, where it was agreed to discuss the matter with the Finance Committee to reach a solution, and discuss the reasons for non-arrival of the product to the citizens in Anbar province and sell it on the black market or smuggled to Daash “.
energies alternative to that, said Chairman of the Oil and Energy Committee, to the host and Electricity Minister Qassim Fahdawi and officials in the ministry, came to discuss the ministry’s plans for electricity production until the year 2020 and to activate the investment side in the sector and re-pricing of Alkahraba.oadav wages “as Committee members discussed ways to the achievement of reliance on alternative energies, and the factors that hinder the arrival of the oil product to Anbar province,
where it was agreed to Overture Anbar Operations Command and other security agencies to make a list of the names of the liberated areas and finding safe ways to deliver these products.
“He noted the Chairman of the Commission on oil and energy to the host committee to the Minister of Oil Adel Abdul Mahdi, and a number of general managers in the ministry, to discuss the recent oil understanding between the federal government and the Kurdistan Regional Government and discuss plans developed by the Ministry of Oil in regards to the production and export of crude oil for 2016, its future prospects and benefits companies within the licensing rounds.
distribution of wealth in turn , Deputy Chairman of the oil Bahadli, “The committee’s visits to the Kurdistan region, discussed the oil policy in the region, and the willingness of the Ministry of Natural Resources to cooperate with the federal government to resolve all outstanding issues and agree on communication and coordination between the two sides and work on the convergence of views as part of the Commission’s role oversight.
“He said Bahadli” morning “: that” it was agreed to a legal oil and gas, financial resources and the equitable distribution of the wealth of the Iraqi people and the concerted efforts to fight Daash approval, being the enemy of all, “revealing the conclusion of a memorandum of understanding between the Commission on oil and energy parliamentary and the Committee on Industry and Energy and natural resources in the region’s parliament,
includes a number of principles and see, supervision and follow-up on the agreements between the federal and provincial government in the oil, power, gas and natural resources areas of agreements and work on sustainability and implementation and to identify the obstacles they face and to express an opinion to the convergence of views,
pointing out that the note included the principle of cooperation common to study the draft laws relating to oil and gas, energy, natural resources and other relevant laws under the Constitution. bilateral agreements and draw Bahadli that the committee visited the Maysan province, to attend a conference Exhibition and Conference Misan Second International Energy and Construction (science, technology and means of development and innovation),
and visit one of the oil wells in the field Halfaya for the functioning of the said meeting field with a field project Halfaya Chinese company manager (Petro China Halfaya) for the company’s work mechanism and put the problems and constraints affecting the Amlha.obin
“The committee met with French Ambassador Marc Baretti to Iraq, economic adviser at the embassy to discuss the situation Iraq in the areas of security, economy and ways to develop relations and the common interests to serve the two countries, especially in the oil and energy sector to coincide with the fall in oil prices in the world markets and lack of stability. ”  http://www.alsabaah.iq/ArticleShow.aspx?ID=107625
[tlm724] “The committee’s visits to the Kurdistan region, discussed the oil policy in the region, and the willingness of the Ministry of Natural Resources to cooperate with the federal government to resolve all outstanding issues and agree on communication and coordination between the two sides and work on the convergence of views as part of the Commission’s role oversight. ‘
“He said Bahadli” morning “: that” it was agreed to a legal oil and gas, financial resources and the equitable distribution of the wealth of the Iraqi people and the concerted efforts to fight Daash approval, being the enemy of all,
“revealing the conclusion of a memorandum of understanding between the Commission on oil and energy parliamentary and the Committee on Industry and Energy and natural resources in the region’s parliament,
includes a number of principles and see, supervision and follow-up on the agreements between the federal and provincial government in the oil, power, gas and natural resources areas of agreements and work on sustainability and implementation and to identify the obstacles they face and to express an opinion to the convergence of views,
pointing out that the note included the principle of cooperation common to study the draft laws relating to oil and gas, energy, natural resources and other relevant laws under the Constitution.
http://www.bondladyscorner.com/t160056-the-completion-of-the-oil-agreement-plugging-the-budget-deficit