News With Links & Discussion
Donnie: China’s Central Bank Says No Basis for Continued Yuan Decline
Donnie: China’s central bank governor said there’s no basis for continued depreciation of the yuan because the balance of payments is good, capital outflows are normal and the exchange rate is basically stable against a basket of currencies, according to an interview published Saturday in Caixin magazine.
Donnie: http://www.bloomberg.com/news/ar…
http://www.bloomberg.com/news/articles/2016-02-13/china-s-central-bank-says-no-basis-for-continued-yuan-decline
Donnie: The country will not peg the yuan to a basket of currencies but will seek to rely more on a basket for reference, while managing daily volatility versus the dollar, Zhou said in the interview. The bank will use a wider range of macro-economic data to determine the exchange rate, Caixin quoted him as saying.
Donnie: “capital outflows are normal and the exchange rate is basically stable against a basket of currencies” SO CHINA is NOT pegged to the Dollar now but to a basket of currencies????? WOW if it’s true….
OOTW: ‹@rocknrollbus› it comes and goes in waves
OOTW: SO ABADI’S REPLACED MEMBERS OF HIS CABINET IT SEEMS?
OOTW: SLC MEMBERS ARE GOING AROUND STATING THAT ABADI’S BEING REPLACED
OOTW: JUST TO ADMONISH EVERYONE…PLEASE REMEMBR THERE WILL BE A LOT OF PROPAGANDA SLUNG IN THE PRESS
OOTW: HERE’S THE LINK
OOTW: AND GREAT COMMENTS FROM JDBLUE
OOTW: wealthwatch.world/showthr…
http://wealthwatch.world/showthread.php?tid=4003&pid=10303#pid10303
OOTW: COMPELLING ARTICLE FROM BUTIFLDRM
OOTW: Integrity extended investigations on inflation with Ministers and officials Political Since 2016-02-14 at 15:24 (GMT)Baghdad balance news A high-level source told the Cabinet that the integrity Commission initiated investigations on a high level with all Ministers and holders of special grades in Government and independent bodies to find out the sources of inflation on their own after activating the program “where did you get this?”.
The source said on condition of anonymity in an interview/news/scales that “investigative authority relied on auditing report line Minister himself to be witness to it before public opinion” stating that “industry and minerals Minister Mohamed Al-daradji owner took in auditing who testified for three hours.”
It was also questioned Transport Minister Baqir Jabr Al-Zubeidi on property and money sources to aaeditha him to his son King section and he was forced to come to the Board for like his handwriting was also taking testimony water resources Minister Mohsen Bird on inflation observed in his wealth, noting that these statements will be collected and checked and validated.
These submissions will be judged on the change of Ministers and referred them to the justice system corrupt ” He noted that “all officials invited by the integrity Commission Saturday and last week to record their evidence came from without opposition because they know that failure to respond would lead to referral to the courts to refrain from providing information to the judiciary”
He also noted that rvain officials were informed that their evidence, including Nuri shawis, Saleh Al-mutlaq and that another group of current and former officials will be summoned, including Deputy electricity Minister Qassim Al-fahdawi and former Industry Minister Ahmed Al-karbouli,
as well as members of Parliament. He drew the American side showed cooperation with Iraqi investigative side and will provide property and the detecting of balances and movements of these officials, but regretted the lack of transparency of the r
Doug_W: smoke N mirrors
OOTW: YEP DOUG
OOTW: lack of transparency of the real estate registration Department of the Ministry of Justice in this aspect. Integrity Commission refused comment or announcement for this investigation extended until it is completed to the end to “prevent political noise” but investigators in the body they welcomed any proof aspects of inflation in the wealth of officials to check them on the condition that the material evidence.
A senior investigator revealed that the Commission add in inflation “and activate the project from where did you get this?” it was detected in file “economic committees”, one of the Windows of corruption, as well as completing the preparation of the annual report, which will reveal the work of previous months and recovering tens of billions and stop wasting hundreds of billions.
And regretted the lack of cooperation of the banks disclose the balances of corrupt officials, and regretted the lack of cooperation of Parliament also supposedly dealing with corrupt files and fill satellite television channels noise and when we ask them to provide us with files are reluctant to discover they practice extortion by corrupt file and waving. ended 2
OOTW: wealthwatch.world/showthr…
http://wealthwatch.world/showthread.php?tid=4040
OOTW: WE HAD AN ANNOUNCEMENT FROM THE INTEGRITY COMMISSION TODAY
OOTW: HERE’S THE TITLE
OOTW: Stressing near detected responsible funds inflation File … Chairman of the board of Integrity: tackling corruption must be through the system contributes to everyone
OOTW: wealthwatch.world/showthr… PLEASE ENTER THE FORUMS TO READTY
http://wealthwatch.world/showthread.php?tid=3989&pid=10302#pid10302
OOTW: TAX INCREASE ON SALARIES
OOTW: Early on Sunday, a source revealed cut 7% of employees’ salaries from next month, in addition to the 3% that was withheld approval of the House of Representatives.
The source said in an interview with “Sky Press,” that “the government will deduct 7% of employees’ salaries in the next month, in addition to 3%, which was deducted to give the crowd the popular and displaced due to the financial crisis faced by the country.”+ “The deduction will include all grades.”
It is noteworthy that Iraq is going through an economic crisis because of lower oil prices and the deterioration of the oil sector because of the oil licensing rounds, which burdened the Iraqi economy, which exceeded $ 23 per barrel to extract the value of the foreign companies.
He indicated that the House of Representatives voted to approve the material contained in the 2016 budget pertaining to the deduction of 3% of the salaries of employees and retirees, states the article on the distribution of this deduction of 60% of the popular crowd and 40% for the relief of displaced persons.
According to the Finance Committee by Masood Haider, the most prominent of the adjustments made to the draft federal budget law by the government and the parliamentary finance committees is a deduction of 3% of the salaries of retirees has, after discussion with the Prime Minister Haider al-Abadi.
He said Haider, said that the deduction of all retirees of the Iraqi state will provide budget funds of up to 1.5 trillion dinars, explaining that “40% of this amount, which is estimated at 600 billion dinars, will be allocated to the displaced, while the remainder, with an estimated 900 billion dinars, will go to support the popular crowd.
OOTW: wealthwatch.world/showthr…
http://wealthwatch.world/showthread.php?tid=4041
OOTW: MORE FROM SADR
OOTW: He demanded the cleric Moqtada al-Sadr on Saturday, the restructuring of State-owned banks, calling on Prime Minister Haider al-Abadi to the inauguration of a new governor experienced the Central Bank, rather than on the Keywords. +
Sadr said in a speech on announcing the project of political reforms and pursued “Sky Press,” that “economic reform starts from the restructuring of State-owned banks”, called for Prime Minister Haider al-Abadi to a new central bank governor’s inauguration advantage of the experience and efficiency rather than from the governor on the Keywords ” .
“The local product support and prevent the import, in addition to support small enterprises in order to promote the economy,” while al-Sadr called for a Alsamh laws on foreign currencies. ”
He continued, “on the issuance of new government bonds, in addition to supporting the agricultural and industrial sectors,” he said. “This is according to a program it is one of the people with experience.”
He called al-Sadr to “encourage national investment through the provision of necessary facilities in this regard, calling for the privatization of some public utilities and unconditional service offered promise of wealth and exploitation at the expense of the citizen.”
Iraq and many countries in the world is witnessing an economic crisis, as a result of falling oil prices in the global stock, below $ 48 per barrel, up from $ 110.
Iraq relies, by 85%, on oil as well as Iran and Russia Almtdharran biggest with Iraq in the lower price, as a result, the Iraqi government was forced to announce, an austere operations, in general in the country in an attempt to fill the budget deficit, as well as the government announced Iraq, reducing the Council of Ministers’ salaries 50%.
It is noteworthy that Prime Minister Haider al-Abadi pledged at the 11th of August last year to continue reforms and promised the people that said, “I will continue, even if it cost my life.”
OOTW: HERE IS THIS FROM THE MINISTRY OF TRANSPORT SITE AND FURTHER CONFIRMATION OF THE RESHUFFLE
OOTW: The word of the President of the Council of Ministers (cabinet reshuffle substantial) is considered the real beginning and solid ground for comprehensive reform desired and which must include all state facilities and institutions from the top of the pyramid of power to lower levels of leadership ….
In the structure of the state that the recent reforms, in which the integration of a number of ministries and change some ministers, agents and general managers were not fully desired purpose and still leads the state to suffer from chronic problems require a radical solution apart from any other considerations Baqir al-Zubaidi 2016/2/11
OOTW: SO FAR NOTHING AT THE PM SITE ON THE RESHUFFLE (THAT’S RECENT)
Doug_W: TU OOTW
OOTW: SURE DOUG – I TRULY HOPE THAT ABADI SIMPLY ISN’T GOING TO RESHUFFLE THE CABINET TO REPLACE MEMBERS, WITH THEIR COLLEAGUES IN THE SAME BLOC(S)
