News With Links & Discussion
Tootsie: my parting thought for today ~ “Sometimes, I just want someone to hug me and say, “I know it’s hard. You’re going to be okay. Here is chocolate and 6 million dollars.” :wub:
Tootsie: Sunday, February 28, 2016Call to export Iraqi raw materials, Industry minister6:06 PM Baghdad/ Iraq TradeLink: Iraqi Industry Minister Mohammed Sahib al-Daraji called the competent Iraqi authorities to cancel order No. 3 of the US civil administrator Paul Bremer which prohibited exporting the mineral raw materials, after 2003.
In a statement, Minister Daraji added that the mineral wealth is the second after oil that can provide additional revenues to the state, following the decline in oil prices. He added that Iraq is capable of exporting about 39 items of raw materials, suggesting opening the investment in the fields of these raw materials.
wealthwatch.world/showthr…
http://wealthwatch.world/showthread.php?tid=4139
Tootsie: ~! ~ cancel order No. 3 of the US civil administrator Paul Bremer which prohibited exporting the mineral raw materials, after 2003. – ;-} so , I have wondered for years why they were NOT taking advantage of the HUGE expanse of raw materials they have in Iraq. ~ there is a listing in the above article link if anyone interested.
Tootsie: ‹@lonegunman› gm !! just stopping in for a short bit – How ye be??
lonegunman: ‹@Tootsie› pretty fair just passing trough myself
lonegunman: still hanging in there i guess
Tootsie: that is good ~ No pretty blue sky this a.m. overcast & very quiet – , yup, we are all just hanging – – very hard to break the “habit” lol, still spending more time on dinar than I should be !!
Tootsie: Cleaned out a shed yesterday , with the help of neighbor. ugh, dirty work! lol ,
Tootsie: America’s Twenty-Five-Year Fiasco in Iraq Saturday, 27 February 2016 21:49 shafaq news / Twenty-five years ago this week, on February 24, 1991, the first United States ground invasion of Iraq began. The first Bush administration had clear UN and congressional mandates to liberate Kuwait.
More than thirty countries contributed ground forces, and the Soviet Union was a critical diplomatic partner. After a punishing six-week air campaign, the ground battle seemed to be over almost as soon as it had started, displaying the American military’s tremendous tactical and technological superiority.
But amid talk of a new world order, the hundred-hour ground invasion was only the opening chapter in America’s tragic twenty-five-year Iraq story. Rest here ~
http://www.english.shafaaq.com/s…
http://www.english.shafaaq.com/security/17456-america%E2%80%99s-twenty-five-year-fiasco-in-iraq.html
Tootsie: Time to eat, and get moving – Have a great Sunday
Tootsie: REMEMBER, tomorrow is Sadie Hawkins Day!!
Doug_W: tomorrow is Leap Year day
OOTW: HIYA EVERYONE!
OOTW: A leading figure in one of the Shiite factions, Sunday, for the failure of a plan to assassinate the cleric Moqtada al-Sadr, upon leaving the Tahrir Square after delivering a speech amid about 150 thousand of his followers, last Friday.
OOTW: In detail, said Abu Sajjad, who spoke over the phone, to toss News United Arab Emirates, said that “three groups had been waiting for the chest out of Tahrir Square, after his performance forFriday prayers amid his supporters, to target the convoy of weapons-propelled grenades and grenade launchers,
but the latter after delivering his speech asked his supporters praying in their respective regions before leaving the place quickly, protecting a convoy of 15 armored car. ”
OOTW: “The third set was a movement mechanism which is about Qazfti bombs automatic Iranian-made 40 mm and a range of up to 2,200 meters, two vehicles on my car pregnancy, was its mission to address the reactions of firearms from the chest protection and silenced,”
which according to the source “provided military aid from Iran’s Revolutionary Guards to the Shiite Badr Brigade of the Supreme Council for the breakaway led by Ammar al-Hakim stream. ”
OOTW: Unusually, Taleb al-Sadr after his sermon Friday past, his supporters to establish prayer in their respective regions and then walked quickly from the platform, which had prepared a central Tahrir Square in Baghdad, Maani that “Hamayate discovered planned to assassinate him after Fridayprayers,
and by stationing in charge of the groups that are in place, what a missed opportunity Shiite parties, which tried to liquidate the background of political conflicts between the Shiite window wings in Iraq, says Abu Sajad.
OOTW: A few days ago, saw Kut southeast Iraq, burning images Shiite cleric, Muqtada al-Sadr’s late father, and the assault on the headquarters of the Sadrists in some areas of the province by the Shiite parties, was said to be “unknown” in the province’s police promised an investigation into the attacks, which she described views Shia as “attempts to divide the doctrine.”
The raised-Sadr threatened to storm the Green Zone, on Friday, a wave of reaction to the political movement, especially among the pro-regime Wali al-Faqih in Iran, the Shiite parties that dominate the government positions and aspects of the state,
while his protest movement witnessed the presence and support of the “Iraq Scholars” Sunni who attended to Tahrir Square, and participated in the protests demanding political reforms in the country.+
OOTW: TY JD BLUE Those are very specific details.. does not sound like a vague rumour. – The Popular Crowd is being forced out… No participation in Mosul.. and join the Army or disband. –
Iran is starting to LOSE control of their vassel state… and while they make nice in the press.. seems like they are being the snakes in the grass we know them to be.
OOTW: HERE’S THIS FROM BUTIFLDRM
OOTW: Lifting sanctions on Iran contributes to revive the Iraqi market
OOTW: The experts stress that what is said about the release of large amounts of frozen Iranian funds will contribute greatly to the revival of the Iranian Altoman exchange rate against the dollar, which will have an impact on the Iraqi economy due to the large size of the commodity exchanges happening between the two countries.
OOTW: He says economist Muhammad Sharif Abu Mayssam, if costs rise in Iranian production sectors, which is found in the Iraqi market, a large window for marketing their products and contributed greatly to the dumping policy that have hindered the growth of the real sectors in the country,
will contribute to raising the sale of its products in Iraq, the price of more than prospects of lower demand for these commodities, and pushes in the direction of search for local alternatives to satisfy the needs of the market and thus supports local producers and facilitate the task of the government’s drive in support of the private sector.
OOTW: The lifting of the ban on Iranian banking sector, will ease pressure on the Iraqi market, which has seen an increased demand for hard currency Iranian traders who have contributed to the fluctuation of the dollar’s exchange rate against the Iraqi dinar as a result of the growing demand for hard currency to finance their external trade,
as well as prospects for the low activity rates tourism from Iraq to Iran, which has seen a dramatic rise over the past years, due to rising incomes of the middle class and the decline of the Iranian Altoman exchange rate against the dollar, which would mean a decline in the money supply flow from Iraq to the Iranian market rates.
OOTW: wealthwatch.world/showthr…
http://wealthwatch.world/showthread.php?tid=4138
OOTW: wealthwatch.world/showthr…
http://wealthwatch.world/showthread.php?tid=4089&page=4
OOTW: SHOCKING TO ME THAT HAKIM MAY HAVE BEEN INVOLVED IN AN ATTEMPT ON SADR’S LIFE
OOTW: FROM THE PARLIAMENT SITE
OOTW: Speaker of Parliament review with the President of the Parliamentary Legal Committee of the General Amnesty Law February 28, 2016 [Image: aljabory-28-2.jpg]Met with Parliament Speaker Salim al -Jubouri, Sunday, MP Mahmoud Hassan , head of the legal committee in Parliament.
During the meeting , discuss some of the important laws and ways to speed up the approval, themost prominent of the amnesty law, as it said the Speaker of Parliament on the importance of the convergence of views between the political blocs, and an end to all points ofcontention about the law to be presented to the Council for a vote.
and the price ofsovereignty efforts of the legal Committee of Parliament and its role in the follow – up laws and fleshed out as they serve the public interest. information Office of the President of the Iraqi Council of Representatives 02/28/2016
OOTW: BREAK HERE’S THIS FROM THE PM’S SITE
OOTW: In order to ensure the efficient operation of the Mosul Dam, both in securing water stockpiling strategic, or to increase the production capacity of electricity in preparation for stage editing city of Mosul ,
OOTW: Iraqi government has begun preparations to repair the dam and to ensure the sustainability of the safe operation of him. The measures are a constant since its construction in preventive measures in 1986, the largest dam in Iraq in terms of supplied electric power and control over the Tigris River water flow to downstream areas.
OOTW: as a result , stumbled maintenance assessments for 2014 because of Daash the terrorist attack on the dam, which led to the equipment damage and the loss of some of the staff , the coach and stopped maintenance work for the duration the occupation of the dam,
engineering reports confirmed the need for further important reforms to maintain the operation and maintenance of the dam operations, particularly with securing the Iraqi security forces site connector plug completely and continued to work as normal now.
OOTW: the government has worked over the past year with consultants engineering Iraqi and international to develop a plan to repair the dam, and prepared tenders for the implementation of the assignment and has a prestigious global engineering company specializing in such reforms will be funded with a loan from the World Bank. It has been agreed with the executing company to start rehabilitation work in the coming days.
OOTW: THERE ARE SEVERAL BULLET POINTS IN THIS ANNOUNCEMENT
wealthwatch.world/showthr…
http://wealthwatch.world/showthread.php?tid=4095&pid=10748#pid10748
OOTW: ANOTHER GREAT FIND BY BUTIFLDRM
OOTW: Keywords: our ultimate goal of financial stability BAGHDAD / Economy News … On the Keywords that the Central Bank is working to be the first institution in Iraq, using the best technologies and regulations governing the work of the banking sector.
Added Keywords in a speech on the sidelines of a seminar of the Institute of progress for Development Studies addressed the strategic central bank: the strategy launched by the Central recently, were the first in the history of Iraq in terms of content and method of preparation,
as the first plan went through all the stages that require going through the plan, noting that he have an actor and a real role on the ground have been adopted for implementation and follow-up mechanisms.
Central functions He said the strategy announced took into account expansion in the framework of the central functions and emerged from our perception of the economic framework of the country after the shift to a free market economy and the significant role that will fall on the private sector in the joints of the management of the economy, pointing out that they were built according to the preamble to the central bank law aimed at price stability and sustainable development .
OOTW: QUOTE
OOTW: “He said the strategy announced took into account expansion in the framework of the central functions and emerged from our perception of the economic framework of the country after the shift to a free market economy and the significant role that will fall on the private sector in the joints of the management of the economy, pointing out that they were built according to the preamble to the central bank law aimed at price stability and sustainable development .
OOTW: “FREE MARKET ECONOMY”
OOTW: THIS IS WHAT WE WANT TO SEE
OOTW: MAYBE NOT MOHSEN STILL AT THE HELM OF THE CBI, BUT THE FORMER IS GOOD TO SEE
Doug_W: Git er DUN Iraq
: wealthwatch.world/showthr…
http://wealthwatch.world/showthread.php?tid=4137
OOTW: HERE’S MORE
OOTW: On the subject of censorship, he said: It is an important aspect in the work of central banks, pointing to the hiring of an international center to evaluate the banks in terms of the physical aspects,
warning of the importance of the financial system to protect where it is exposed to crimes such as money laundering, referring to the exceptional effort in the preparation of the money laundering law based on international standards to be acceptable at the international level.
Selling Currency Keywords revealed the contract with the Office of international scrutiny to develop procedures for the sale of currency «Dollar» to control the dollar cash flow, also pointed out that the central focus on the topic of financial inclusion for the positive role in the economic life,
referring to the quest to develop the financing of small and medium enterprises which will create a framework for sector legally integrated, as well as working to stimulate the field of Islamic banking, which is expanding in Iraq.
He said the establishment of guarantee deposits in the banking institution, as we are now close to passing a law it will pass in the House, pointing to the continuing efforts to develop a universal banking system,
which represents a significant shift for the work of the central bank. That there was extensive discussion by the participants on the strategic challenges and implementation mechanisms, also answered questions Keywords on banks regarding strategy.
OOTW: he said: It is an important aspect in the work of central banks, pointing to the hiring of an international center to evaluate the banks in terms of the physical aspects, warning of the importance of the financial system to protect where it is exposed to crimes such as money laundering, referring to the exceptional effort in the preparation of the money laundering law based on international standards to be acceptable at the international level.
OOTW: Selling Currency Keywords revealed the contract with the Office of international scrutiny to develop procedures for the sale of currency «Dollar» to control the dollar cash flow, also pointed out that the central focus on the topic of financial inclusion for the positive role in the economic life, referring to the quest to develop the financing of small and medium enterprises which will create a framework for sector legally integrated, as well as working to stimulate the field of Islamic banking, which is expanding in Iraq.
OOTW: THIS PART IS HUGE
OOTW: He said the establishment of guarantee deposits in the banking institution, as we are now close to passing a law it will pass in the House,
OOTW: OKAY, LET’S SEE IF THIS IS GOING TO BE AN AMENDMENT TO THE CBI BANKING LAW, OR THE IRAQ GOVT BANKING LAW AND IF IT WILL BE PASSED AS SUCH, OR A SEPARATE LAW
OOTW: QUOTE
OOTW: pointing to the continuing efforts to develop a universal banking system, which represents a significant shift for the work of the central bank. That there was extensive discussion by the participants on the strategic challenges and implementation mechanisms, also answered questions Keywords on banks regarding strategy.
OOTW: ” a universal banking system, which represents a significant shift for the work of the central bank”
OOTW: THIS IS A BIG ARTICLE
OOTW: HOPING THE DEMONSTRATIONS ARE PROMOTING (AS WELL AS IMF TUTELAGE) WIDESPREAD BANKING REFORMS
OOTW: I JUST FOUND A HUGE ARTICLE
OOTW: IT SEEMS THAT BUTIFLDRM’S FIND ON THIS SUBJECT IS A SNIPPET FROM A SPEECH ISSUED BY MOHSEN/KEYWORDS WITH DR HAFEZ AT HIS SIDE, AT A PRESS CONFERENCE
OOTW: I’M FORMATTING THE POST TWO TICS
OOTW: HERE’S THE LINK (FIRSTLY)
OOTW: wealthwatch.world/showthr…
http://wealthwatch.world/showthread.php?tid=4137&pid=10758#pid10758
OOTW: Governor of the Central Bank reviews the 2016 – 2020 strategy
OOTW: WE’VE SEEN ARTICLES WITH SIMILAR TITLES IN THE PAST FEW MONTHS
OOTW: AS WELL AS A PRESS RELEASE FROM THE CBI SITE AS TO KEYWORDS POINTED PLANS FOR ECONOMIC REFORM
OOTW: sell the currency to rein in inflation and the law prevents us from restrictions put in a seminar for «progress Institute for Development Policy«
OOTW: Monetary policy in Iraq is one of the fundamental pillars in the development process and support the national economy
OOTW: .. In spite of the successes achieved by the Central Bank of Iraq during thepast years, particularly to maintain the value of the dinar and rein in inflation and the continuation of the currency auction and so on
OOTW: .. but the policy is still vulnerable to criticism especially in thefield of auction currency selling and dealing with private sector banks .. and trying bank ‘s board pursuit of policies and strategic plans develop for the advancement of the banking sector
OOTW: WHAT HE’S STATING HERE IS THAT THE CBI IS STILL HAVING ISSUES RE THE MECHANISMS OF SELLING THE DOLLAR, DESPITE THEIR ATTEMPTS TO CONTROL THE AUCTIONS
OOTW: .. as theBank has recently launched its strategy for the next five years , which included the important goals .. the guest of «progress of policy development institute» Central Bank Governor Dr. Ali Keywords to talk about the Bank ‘s policies and the details of the plan during a seminar held by the Institute attended by a group of experts and members of the House of representatives and representatives of the private sector banks.
OOTW: SO IT SEEMS THERE WAS A SEMINAR HELD WITH THE HOR IN ATTENDANCE TO DISCUSS ADDRESSING THIS (AND I’M SURE OTHER) ISSUES
OOTW: (HAFEZ WORKS WITH SALEH – SALEH IS ABADI’S RIGHT HAND MAN, IT SEEMS – SALEH HAS ALSO BEEN APPOINTED AN OFFICIAL REP TO THE UN FOR IRAQ – THIS INFO LOCATED IN OUR RESEARCH LIBRARY/GAZETTE SECTION)
OOTW: MP Dr. Mehdi al – Hafez , who moderated the seminar, said at the outset that the Central Bank ofIraq, an important financial institution, especially in the circumstances the current from the general development of the country. He is responsible for the control of cash and the issuance of money and overseeing the daily activities related to the banking sector and control … He explained that since 2003, when a major change in policy and the system of the Central Bank of Iraq, including the issuance of a new law.
OOTW: DR HAFEZ IS SIMPLY STATING THAT THE WORK OF THE CBI IS BEING SUPPORTED AND THAT THEY ATTAINED THEIR LEGAL INDEPENDECE (AND RELATED WORD) VIA THE CBI BANKING LAW 2003
OOTW: It rolled a lot of reservations and opinions opposing and revolves around policy options best central bank recently received what happened during the three past fifteen years and numerous opinions and comments including research the validity of the central bank law and the importance of benefiting from the cash reserve , and even about style sell thecurrency and calling for the resumption of the work of foreign exchange law
OOTW: “CALLING FOR THE RESUMPTION OF THE WORK OF THE FOREIGN EXCHANGE LAW”
OOTW: THIS WOULD BE ABOUT THE NEED TO RE-EXAMINE – THE WORK VIA THE AUCTIONS RE SELLING THE DOLLAR
OOTW: .. wondering: Is it possible to continue the way her? .. pointing out that the central bank recently issued a strategy for the coming years. Could it be that the right choice for the future and what are the repercussions on the national economy, and the banking sector and its role in economic life.?
OOTW: OY, STILL EXAMINING THIS PROCESS – REALLY?
OOTW: .. Stressing that we have a big job related Paschkagliat overall performance of the Central Bank and how they can address the sale of the dollar and the law of foreign exchange .. and the media started talking about these issues , including raising questions and creating misconceptions must be corrected by talking frankly and diagnose glitches in spite of the presence of a large variation in the visions ..
OOTW: EXPERTS CONSULTED (OR WITHIN THE CBI) DIFFER ON HOW TO APPROACH THIS ISSUE
OOTW: to that , the Central Bank Governor , Dr. Ali Keywords to sell the currency operation need a deep understanding in light of the large charges , which the Bank is exposed without evidence to prove the existence of suspicions of corruption or money laundering operation or smuggling of currency .. surprising of IPO , which says a n currency sale or waste of public money , this characterization of the IMT for scientific or economic relevance , and there are a lot of countries practicing this process is one of the main functions of central banks in the world
OOTW: “WITHOUT EVIDENCE” ???? NO THEY HAVE EVIDENCE
OOTW: AS WE’VE SEEN IN NEWS ARTICLES, MANY BANKS OVER THE GLOBE ARE ATTEMPTING TO ADDRESS CORRUPTION
OOTW: *MANY CENTRAL BANKS
OOTW: , adding Keywords through its participation in the seminar held by the «Institute for the progress of the policies of development» and display which the central bank ‘s strategy for the years next five ..
that these accusations against the bank without the evidence has caused major problems for the sector of the Iraqi banking on the national and international levels has resulted in a state of distrust and hedging by Mtota international banks from the impressions created by skeptical comments
OOTW: THE INTEGRITY COMMISSION HAS ISSUED STATEMENTS THAT THERE HAS BEEN CORRUPTION VIA THE CBI – SO MOHSEN IS OBVIOUSLY TRYING TO DIVERT ATTENTION TO THIS
OOTW: (YOU ONLY NEED TO PERUSE OUR WEEKLY GOVT THREADS FOR EVIDENCE OF THIS)
OOTW: , adding Keywords through its participation in the seminar held by the «Institute for the progress of the policies of development» and display which the central bank ‘s strategy for the years next five .. that these accusations against the bank without the evidence has caused major problems for the sector of the Iraqi banking on the national and international levels has resulted in a state of distrust and hedging by Mtota international banks from the impressions created by skeptical comments
OOTW: BLAH BLAH BLAH
OOTW: and pointed Keywords The problem we face is that the cash flows come from the outside only through the sale of oil and these flows go to the Finance Ministry exclusively and this ministry is not needed to the dollar but it is the need of the dinar to finance government spending ,
so they are resorting to selling the dollar the central bank in exchange for the dinar and in turn the bank dollar selling in the market to create a balance and work to cover imports ..
explaining in if thebank resorted to the imposition of restrictions on the auction currency will rise the exchange rate and open the doors for speculators to blackmail others
OOTW: SO HE’S SAYING THAT AT PRESENT, THE CBI NEEDS TO STAY PEGGED TO THE DOLLAR , IF NOT, THEN THE VALUE OF THE DINAR WILL RISE, MEANING IT WILL DECREASE
OOTW: .. so for the central bank maintains the stability of exchange rates , one of his duties and basic curb inflation within the target border so it is not possible to put restrictions and can not close the window that there was no we have other options .. stressing that the Ministry of Finance is Guidara to do the job because it is not ready for it and talked Keywords for cash reserves of the Central Bank
OOTW: THEY’RE EXAMINING THE CASH RESERVES OF THE CBI, IN ORDER TO RE-EXAMINE OTHER APPROACHES TO ADDRESSING THE ISSUE OF MCP – MULTIPLE CURRENCY PRACTICES RE SELLING THE DOLLAR
OOTW: HOWEVER THE MINISTRY OF FINANCE IS STATING THAT BASED ON TALKS WITH THE CBI – THERE’S HESITANCY, BECAUSE OF THE RESERVES..IS THERE ENOUGH, CAN WE DO THIS?
OOTW: .. indicating that this reserve is unrelated to the reserve that exists among the government and public treasury at the Ministry of Finance, the real surplus is the money that accumulated by the government and that increases the need for spending and this is what happened in previous years ,
when revenues increased over the expenditure ceiling , which led to the accumulation of sums up .. indicating that the bank reserve decreases when retreating Revenue ..
adding that the devaluation of the dinar would result in raising rates inflation to more than 30 per cent against the few benefits , which obliges us to Anfakkak huge amounts of money in later years to correct the situation and to control inflation
stressing that the solution is to increase the government ‘s reserve lies in the activation of other tools such as taxes without affecting the purchasing power of the citizen normal through control targets tax
OOTW: FIRST, THEY’RE STATING THAT THE RESERVES BEING CONSIDERED ARE SEPARATE FROM THE RESERVES HELD FOR THE GOVT
OOTW: THEY NEED THE GOVT RESERVES FOR GOVT SPENDING
OOTW: AND THERE’S CONCERN BECAUSE GOVT SPENDING WILL OVERSHADOW THEIR RESERVE LIMIT AND MAY NEED HELP TO MEET DEFICITS FROM THE CBI
OOTW: AND THIS DECREASES THE RESERVES OF THE CBI, ESP IN RELATIONSHIP TO THE CONSIDERATION OF THE VALUE OF THE DINAR – VS INFLATION
OOTW: BIG QUOTE HERE
OOTW: ” .. adding that the devaluation of the dinar would result in raising rates inflation to more than 30 per cent against the few benefits , which obliges us to Anfakkak huge amounts of money in later years to correct the situation and to control inflation ..
stressing that the solution is to increase the government ‘s reserve lies in the activation of other tools such as taxes without affecting the purchasing power of the citizen normal through control targets tax”
OOTW: THEY DO NOT WANT TO STIMULATE POTENTIAL INFLATION BY ADJUSTING THE RATE OF THE DINAR, AND THEY’R PROPOSAL FOR RAISING MONEY (ESSENTIALLY) IS TO IMPOSE TAXES AND OTHER TOOLS, WITHOUT TRYING TO BREAK THE EVERY DAY IRAQI’S ECONOMIC BACKS
OOTW: .. stressing that the devaluation of the dinar option is the last option that we think it can not resort to it only when the lack of solutions to a disabled option. and the central bank governor said the strength of the dinar and stability is strongly linked to the,economy,
not the process of buying and selling, not the reserve is the determining factor in this context , there are a few superpowers in its reserves, but has a strong economy .. and even Iraq was rated countries that exaggerate the reserve
OOTW: DEVALUING THE DINAR IS A LAST RESORT
OOTW: IF WE CANNOT FIND OTHER SOLUTIONS, THEN THIS IS WHAT WE’LL DO
OOTW: REMEMBER THAT WHEN A COUNTRY WANTS TO BOOST ITS ROLE AS AN EXPORTER NATION, THE TYPICAL NEED/SOLUTION FOR THIS IS TO LOWER THE VALUE OF THE CURRENCY – JUST A SIDE NOTE..NOT TO PANIC PLEASE
OOTW: THEY WANT TO AVOID DOING THIS
OOTW: THIS IS WHAT THEY STATE AS THERE SUPPORT AND REASON AS TO WHY , AT PRESENT, THEY DO NOT FEEL THEY NEED TO LOWER THE VALUE OF THE CURRENCY
OOTW: the central bank governor said the strength of the dinar and stability is strongly linked to the economy, not the process of buying and selling, not the reserve is the determining factor in this context , there are a few superpowers in its reserves, but has a strong economy .. and even Iraq was rated countries that exaggerate the reserve
Doug_W: Oh WOW the sky is falling the sky is falling the sky is falling
Doug_W: lol OMG
OOTW: LOL
OOTW: .. explaining that the large reserve is not indicative of the strength of the economy but on the contrary is sometimes a burden on theeconomy , so a lot of states when the reserve then increases more than the local currency tocover it turned surplus to the Treasury.
He acknowledged Keywords existence of problems in the banks , which need major repairs and control .. stressing that the Superintendency of banks need to build the Central Bank is working on it
OOTW: HE’S STATING THAT SOMETIMES WHEN RESERVES INCREASE TO COVER EXPENSES, IT ADDS A SURPLUS TO THE GOVT TREASURY –
BUT THE EXISTING CONTROL/LAWS IN IRAQ RE BANKING POLICY ARE NOT SUPPORTIVE OF INCREASING THE BANKS HOLDINGS
OOTW: (FOR ONE, WE NEED DEPOSITOR’S INSURANCE)
OOTW: (BTW- THIS REPORT IS ON THE FLY, I HAVE NOT PREPARED THIS – TAKING IT ONE PARA AT A TIME 🙂
OOTW: .. He explained that there are significant challenges facing banks , working with government and the private sector, even with the citizen, and there is a problem is the difficulty of recovery of non -performing loans and other problems realistic ones deposits of private banks in the Kurdistan region ,
which amounted to 7 trillion dinars used in the province Mazbb to cause a big jolt in thework of these banks, as well as the government ‘s inability to pay contractors benefits and there is a significant deficiency in the departments of these banks
OOTW: SO HE’S STATING THAT THE DEPOSITS HELD IN BANKS (BASED ON PARA ABOVE – IS EITHER TOO MUCH OR TOO LITTLE? HMM) HAS CAUSED A BIG JOLT TO PRIVATE BANKS
OOTW: *SIGNIFICANT DEFICIENCY
OOTW: .. calling for the need to resort to thebanking integration in order to strengthen the banking sector , we are not in need of 50 banks to possess the ability to contribute to the development. Keywords revealed not to allow Islamic banks that recently have been approved to enter to auction currency only after making sure practice of Islamic banking activity about true ..
OOTW: HE IS STATING THAT WE CAN CONDENSE/MERGE THE AMOUNT OF PRIVATE BANKS, THAT THERE IS NO NEED FOR THE AMOUNT OF PRIVATE BANKS CURRENTLY ENSTATED
OOTW: WHAT I FIND VERY INTERESTING, IS THAT WE HAVE SEEN LAW IN THE GAZETTE REGULATING THE PRIVATIZATION OF THE RAFIDAIN AND RASHEED BANKS
OOTW: WE HAVE ALSO SEEN MINISTRY OF TRADE ANNOUNCEMENT STATING THIS AS WELL
OOTW: BUT MOST IMPORTANT IS THE PASSING OF THE ISLAMIC BANKING ACT WHICH WILL SURE UP INVESTMENT REGS ACCDNG TO ISLAMIC ACCOUNTING AND BANKING PRACTICES – TO DRAW IN INVESTMENT
OOTW: HE’S STATING HERE (ABOVE) THAT SOME OF THESE BANKS WILL NEED TO ADHERE TO ISLAMIC BANKING REGARDING THEIR CURRENCY PRACTICES – I WOULD EXPECT INCLUDING AUCTIONS
OOTW: SELL OF THE DINAR FOR DOLLAR
OOTW: HOW MUCH CAN THEY PROFIT FROM THIS?
OOTW: ISLAMIC BANKING PRACTICE CONTENDS THAT THEY MAY ONLY PROFIT ENOUGH TO USE THE PROFIT TO PURCHASE MORE FOREIGN CURRENCY
OOTW: on the other hand accept the central bank governor , Dr. Ali Keywords strategic plan of the bank for the heavens 2016-2020 .. He explained that the plan was drawn objectives of public policy of the state in the construction of a free market – based economy on market factors, competition and enable the private sector play a role based on the economic development plan also built in the light of the central bank targets contained in the law No. 56 of 2004
and of achieving stability in domestic prices and maintain a stable financial system , as well as to promote sustainable development and achieve prosperity in Iraq .. he pointed out that the plan consists of five main objectives for these other targets and sub-initiatives
OOTW: THEY HAVE A FIVE POINT PLAN TO ADDRESS THESE ISSUES
OOTW: and added that the strategic objective of the first seeking to build a comprehensive frameworks to achieve financial stability and the development of mathematical models for the stability and development of indicators for asset prices.
the second objective is to strengthen the overall control systems based on risks through thedevelopment of a supervisory framework based accordance with the requirements (Basel) Basel.With the application of standardized evaluation criteria banks
OOTW: 1) first seeking to build a comprehensive frameworks to achieve financial stability and the development of mathematical models for the stability and development of indicators for asset prices.
OOTW: REMEMBER THAT IRAQ PARTICIPATED WITH THE UN TO DETERMINE PRICING INDEXES FOR GOODS – RELATED TO TRADE EVERYONE
OOTW: THIS IS JUST ONE ASPECT TO WHICH THE ARTICLE IS SPEAKING
OOTW: 2) the second objective is to strengthen the overall control systems based on risks through thedevelopment of a supervisory framework based accordance with the requirements (Basel) Basel.With the application of standardized evaluation criteria banks
OOTW: THEY’RE GOING TO IMPLEMENT BASEL BANKING REQUIREMENTS…THIS IS AN INTERNATIONAL SYSTEM
OOTW: 3) .. As the plan seeks in the third goal to protect the financial system , developing a national strategy to combat money laundering and terrorism financing. And to take measures and provide the required requirements to join the organization (Egmont)
OOTW: BUT WAIT, HE SAID THAT THE CBI DOES NOT SUFFER FROM THE BANKING MALADY LOL
OOTW: 4) .. fourth goal of the plan aimed at strengthening consumer protection byadopting a comprehensive framework of policies and procedures to be applied to financial consumer protection.
OOTW: UHHHHH FOR ONE…GET THE DEPOSITORS INSURANCE LAW PASSED
OOTW: In goal the fifth plan seeks to work on exchange rate stability through diversification of investment tools and the introduction of new currencies convertible and activate the structure of interest rates and the withdrawal of surplus cash ,
OOTW: ONE INVESTMENT TOOL WOULD BE INVESTMENT CONTRACTS, TAXES DERIVED FROM TARIFFS, SELLING BONDS AND MORE
OOTW: “INTRODUCTION OF NEW CURRENCIES CONVERTIBLE”
OOTW: CHARGING INTEREST FOR DEPOSITS
OOTW: “INTRODUCTION OF NEW CURRENCIES CONVERTIBLE”
winnerdinar: i wonder if they are talking about the depends from dollar to a basket of currencies?
OOTW: THIS IS NOT A CLEAR ENOUGH STATEMENT
winnerdinar: Depeg
OOTW: AH PERHAPS
OOTW: YES GOOD POINT, BECAUSE ABOVE THEY STATE THAT RIGHT NOW THEY CANNOT DEPEG
OOTW: SO THIS IS THEIR AIM IT SEEMS
OOTW: TY WINNERDINAR
winnerdinar: TY OOTW excellent chat
OOTW: participants at the seminar voiced a lot of opinions and observations on the performance of thecentral bank and the new plan , praising, about the contents of the plan from the task of axes I wish them success ..
thankful Institute of progress to hold such important seminars to discuss and address various issues talk show style civilized Vice President of the board of Directors in the Ashur international Bank Ali al – Husseini made anumber of observations on the bank ‘s strategy, calling it too Btmouhh
OOTW: 🙂
OOTW: .. believing that the bank carry the same responsibility bigger than its size as a result of not carrying this responsibility by the other parties ..modha that there are key partners of the Central Bank and other subcontractors ,
such as financial, tax and Office of financial supervision and the stock market and the insurance sector .. a task price fixing body .. pointing out that some of the concepts contained General strategic concepts, including the concept of risk performance
OOTW: THIS SECTION IS STATING THAT THERE ARE SEVERAL LEVELS OF SUPPORT WHICH CONTRIBUTE TO THE BANKING SECTOR
OOTW: .. calling for the development of rapid response and control channels including channels .. president of the Federation of Iraqi businessmen willing Reza Blibl said in his intervention that what matters the private sector interacting with the Central Bank ‘s policy faces challenges .. calling on the bank to support the this sector
OOTW: CALLING ON THE CBI TO SUPPORT PRIVATE SECTOR GROWTH
OOTW: .. believing that the solutions developed by the bank faced a lot of challenges, especially initiatives launched by the Bank, including six trillion initiative to the presence of actors seeking to thwart this initiative through the wrong mechanisms which serves as a mine to blow up this initiative ..
mbana that mentality of those in charge of industrial Bank is commercial mindset and therefore, the procedures established by this bank is tied procedures do not allow for any industry to benefit from the initiative as the attitude of the bank is about new projects and these projects will not move the economy and provide jobs and contribute to the gross domestic product
OOTW: THERE WERE THOSE IN IRAQ AND WITHIN THE BANKING SYSTEM WHO HAVE NOT SUPPORTED THE CBI’S EFFORTS TO STIMULATE THE ECONOMY
OOTW: ANY INITIATIVES NEED TO SUPPORT THE ECONOMY, JOB PROJECTS AND EMPLOYMENT DERIVED FROM THESE
OOTW: BUT THE SUPPORT HAS NOT BEEN THERE FROM MANY BIG BANKS
OOTW: .. stressing the need to form a committee to put controls and thedimensions of parasites. banking expert Muwaffaq Hasan Mahmud said the 75 per cent of currency in circulation is outside banks
OOTW: WHOA “75% OF CURRENCY IS OUTSIDE BANKS”
OOTW: WELL THEY KNOW WHAT TO DO…DEVELOP SOME TRUST FOR THE CITIZENS
OOTW: .. and that the banking sector problem is the weakness of deposits and guide the inability of the sector to invest in the country to support or implement a single residential project in Iraq .. indicating the confidence of the people day after day pales how can restore this confidence at atime when banks are unable to perform instruments
OOTW: EXXXXXACTLY….
OOTW: .. expressing regret over the absence of controls on banks and penetrate such control .. adding that the Iraqi economy is a cash economy ,and all the people they deal with cash has reached the number of banks , 54 banks after converting remittance companies to banks
OOTW: . Do we need so many banks? . Is there a bank staffs are able to manage .. adding that there are major international banks are no longer dealing with the Iraqi central banks because of the remittances that we do not know them already and movement are the obstacle to international banks in dealing with the Iraqi banks. MP Dr. Gamal Muhammadawi
OOTW: OH BOY…YOU KNOW THAT INVISIBLE BANKING VIA REMITTANCES, IS ONE OF THE PRIMARY REASONS IRAQ WAS SHIFTED FROM ARTICLE 8 TO 14
OOTW: .. raised a number of questions including is that the strategy is thefirst plan launched by the Central Bank .. He pointed out that many of the ideas put forward as a key functions of the bank .. pointing out that in 2015 the House of Representatives an initiative which identified an auction currency b (75) million dollars per day to prevent the laundering money and support for terrorism
OOTW: YES, AND WE REMEMBER THE 75M CAP WAS OVERTURNED BY MOHSEN WHO WENT TO THE SJC TO GET THIS STIPULATION IN THE 2015 BUDGET, OVERTURNED
OOTW: .. but – as seen Mahmdaoa- it turns out that the initiative is not , however , the central bank but the bank did not , however , speculators could control them. financial Advisor to the Prime Minister , Dr. appearance of Mohammed Saleh .. He explained that Iraq opened up to import about large. Calling to encourage the export of certain goods and products and the lifting of restrictions on that banking expert Samir Alnasiri
OOTW: SEE, THEY NEED TO START INCREASING EXPORTS SO THEY CAN SUPPORT THE ECONOMY
OOTW: .. expressed fears of the non – application of the central bank ‘s plan , as with the rest of the plans be more than (16) strategy was doomed high shelves .. This plan came too late ..
He called for setting the timing for implementation of the plan axes to save thebanking sector from collapse , there are 10 banks in danger of bankruptcy and the 16 banks may not payment of dues customers ..ually central bank reveals the priorities of his plan to the year 2016 in order to restore confidence in the banking sector
OOTW: AS STATED ABOVE, THEY DO NOT NEED SO MANY PRIVATE BANKS, MANY OF THESE BANKS ARE IN DANGER OF BANKRUPTCY (OF COURSE, PEOPLE WON’T PUT THEIR MONEY IN THE BANKS) AND OTHERS ARE NOT PAYING THEIR DUES
OOTW: .. indicating that the intervention of theowners of the banks in politics Administrative and professional private banks eliminates the role of the executive management .. and the first of these priorities are re – examine and evaluate the reality of private banks and to recommend Bdharoh banking mergers to strengthen this sector.
Director General of the trade bank of Iraq Hamdiya dry indicated that the status of some of thebanks is very difficult now , and is unable to fulfill its obligations to its customers
OOTW: OWNERS OF THESE BANKS ARE SELF INTERESTED MEMBERS OF GOVT
OOTW: BIG ISSUES WITH THE PRIVATE BANKS
OOTW: THEY’RE BLEEDING OUT…NO FUNDS – AND IN EFFECT, THIS IS SHORTING CUSTOMERS THEIR FUNDS/DEPOSITS HELD
OOTW: .. indicating that foreign banks , which was treated by the central bank , similar to the Iraqi banks have caused a lot of damage to the sector of the Iraqi banking and these banks have not been able so far to finance any investment project because the law prevents them from owning land or equipment that qualifies them for such events ..
required to address the situation Almsrav foreign to their ability to invest in Iraq support. Dry the central bank also asked to speed up the issuance of e – dinar to help achieve the country ‘s economic resources. Industrial expert Hashim Atraqchi ..
Between a case of foot – dragging in the implementation of the central bank ‘s initiative in lending to the private sector 6 trillion dinars by not putting the appropriate especially for project controls Industrial .. calling for the formation of a committee to develop mechanisms for the granting of these loans and determine the interest rate and monitor implementation.
OOTW: FIRST ISSUE…THE INSTITUTED THE E-DINAR PAYMENTS TO FORCE MONEY INTO THE BANKS VIA ELECTRONIC DEPOSITS
OOTW: THEY’RE USING MONEY EARNED ON THESE DEPOSITS TO FUND PROJECTS
OOTW: IF I WERE IN IRAQ, I WOULD NOT BE KEEPING MY MONEY IN THE BANKS
OOTW: I’M SURE MANY ARE NOT, OBVIOUSLY , BY THESE STATEMENTS
OOTW: WE HAVE SEEN LEGISLATION IN THE HOR, SPEAKING TO ISLAMIC BANKING RE COMMERCIAL LOANS
OOTW: NOT THE ISLAMIC BANKING ACT, THAT’S DIFFERENT
OOTW: THIS LAW EFLAFS (SP?) LAW – IT’S A LAW THAT GOVERNS INTEREST RATE FOR GOVT BORROWING
OOTW: IT’S ONLY HAD ONE READING THAT I RECALL
OOTW: REMEMBER THAT THE 2016 BUDGET ADDRESSES THE NEED FOR THE FINANCIAL ADMINISTRATION ACT
OOTW: THIS IS A LAW REGULATING (IN PART) HOW THE GOVT RECEIVES MONEY AND FOR WHICH PROJECTS/WHY – JOBOURI STATED THAT THE HOR HAD A STRONG NEED TO GET THIS PASSED
OOTW: Dr. Ibrahim al – Obeidi , a researcher emeritus at the House of wisdom called on the Central Bank in collaboration with the Ministry of Finance to encourage those close to the staff of retirement to retire to make way for the new Angels thus reducing unemployment rates and job feminine body of the state.
Through the enactment of appropriate laws and regulations for that. Businesswoman Zainab al – Janabi , confirmed that the central bank ‘s strategy gave the banking sector a splash of hope but the reality of private banks very painful , there are a lot of restrictions and procedures that restrict the work of these banks
OOTW: AGAIN, WE NEED LAW REVISION TO DEREGULATE SOME OF THE LAWS
OOTW: AND THEY’RE ADVISING TO FORCE RETIREMENT ON IRAQI GOVT EMPLOYEES TO MAKE WAY FOR NEW YOUNGER EMPLOYEES WHO CAN RECEIVE/HAVE THEIR MONEY FORCED, INTO THE BANKS VIA EDINAR
OOTW: OY
OOTW: .. referring to investment and industrial cities that request sums up to $ 450 million and therefore, the businessmen are not able to enter into such investments without the help of banks, or force these banks to engage in this investment because they were looking for a quick profit ..
calling on the central bank to policies and processors possible position to encourage private banks to contribute in the investment process. Economic expert , contrary goldsmith stressed the need for coordination between fiscal and monetary policies ..
pointing out over the past years has been the monetary policy covering the mistakes of fiscal policy .. Economic Behnam Elias Boutros expert explained that the monetary policy is responsible for solving the problems of the state ..
He pointed out that the Ministry of Planning and more from 6000 investment project which is capable of funding due to the economic crisis ..
wondering can the monetary policy to provide assistance to the government in the financing of these projects and whether possible to resort to printing currency to ease the crisis .. or , can you support contractors who have dues on the government buyout initiative Central Bank for supporting the private sector?
OOTW: PRIVATE BANKS NEED TO GET THEIR ACTS TOGETHER SO THEY CAN HELP BOLSTER THE INVESTMENT/LOAN MARKET
OOTW: AGAIN…WHERE’S THE DEPOSITORS INSURANCE LAW?
OOTW: DEAD HORSE HERE
OOTW: Economic Behnam Elias Boutros expert explained that the monetary policy is responsible for solving the problems of the state .. He pointed out that the Ministry of Planning and more from 6000 investment project which is capable of funding due to the economic crisis ..
wondering can the monetary policy to provide assistance to the government in the financing of these projects andwhether possible to resort to printing currency to ease the crisis .. or , can you support contractors who have dues on the government buyout initiative Central Bank for supporting the private sector?
OOTW: DANG…DO NOT PRINT MORE MONEY – THIS WILL CAUSE HIGHER INFLATION LEVELS, BUT I REMEMBER DR SHABIBI STATING THAT IF THE INFLATION WERE TO GET TO 10% OR MORE THAT THIS WOULD BE A KEY SUPPORTING FACTOR TO CHANGE THE VALUE OF THE IQD
OOTW: BUT TO WHAT?
Tootsie: In Addition to the earlier posting of various raw materials Iraq has – must add this ~ ALSO ~~ Iraq has a number of significant diamond and gold reserves and the country hopes to increase its production of gold. ~ see Sunday, February 28, 2016Call to export Iraqi raw materials, Industry minister ~ wealthwatch.world/showthr…
OOTW: financial expert Mohammed Saleh Chandler .. stressed that the plans need to be fixed and stable table while the situation of the country is stable .. Yes , we can put the plans but whether we areable to implement them? industrial expert , Dr. Samir Lillo called Bank Central to the attention of small currencies , they are useful and not less important than the big currencies ..
adding that the central bank ‘s own initiative , with the support of the private sector is long overdue because of the actions .. calling for the formation of a committee working on the granting of loans by about a direct, especially for projects in which implementation of the ratios.
OOTW: YES EXCELLENT POINT TOOTSIE TYVM
winnerdinar: Attention of small currencys
Tootsie: to what! , That is the 24$ question ootw ~
OOTW: industrial expert , Dr. Samir Lillo called Bank Central to the attention of small currencies , they are useful and not less important than the big currencies ..
WELL, I’M SURE THE LOPSTERS WILL HAVE A FIELD DAY WITH THIS ONE, BUT THEY’RE STATING THAT THEY NEED A RANGE OF CURRENCIES TO SUPPORT TRANSACTIONS IN THE MARKET PLACE IMHO
OOTW: I KNOW TOOTSIE
OOTW: REMEMBER THERE HAVE BEEN ARTICLES STATING THAT THERE MIGHT BE A DEVALUATION TO 1500 IQD TO ONE USD BEFORE THERE WOULD BE SUPPORT TO INCREASE THE VALUE
OOTW: (NOTEABLY)
OOTW: adding that the central bank ‘s own initiative , with the support of the private sector is long overdue because of the actions .. calling for the formation of a committee working on the granting of loans by about a direct, especially for projects in which implementation of the ratios.
OOTW: “IMPLEMENTATION OF THE RATIOS” IS THIS RE LOANS – INTEREST RATES..OR RATIOS OF CURRENCY?
OOTW: THE LANGUAGE IS A BIT CONFUSING HERE
OOTW: THAT’S THE REPORT FOLKS
OOTW: THAT’S ALL SHE WROTE
OOTW: LOL
OOTW: ANOTHER FRIGGIN SPEECH STATING THAT THEY NEED LAWS
OOTW: UNREAL
OOTW: NOW HERE’S BUTI’S ARTICLE
OOTW: AGAIN…BUT IT POINTS OUT SOME GOOD INFO
OOTW: “Keywords: our ultimate goal of financial stability ”
Tootsie: ‹@OOTW› sickening isn’t it ~ years and years of same rhetoric it seems to me
OOTW: SO TRUE TOOTSIE
OOTW: the strategy launched by the Central recently, were the first in the history of Iraq in terms of content and method of preparation, as the first plan went through all the stages that require going through the plan, noting that he have an actor and a real role on the ground have been adopted for implementation and follow-up mechanisms.
Central functions He said the strategy announced took into account expansion in the framework of the central functions and emerged from our perception of the economic framework of the country after the shift to a free market economy and the significant role that will fall on the private sector in the joints of the management of the economy,
pointing out that they were built according to the preamble to the central bank law aimed at price stability and sustainable development .
OOTW: THEY’RE AT THE FIRST STAGES OF REVIEWING THE FIRST STAGES OF THE PLAN
OOTW: LMAO
OOTW: Returned Governor of the Central Bank says that among the goals of the strategic financial stability as we work to read the challenges facing this side and we seek to put her plan in collaboration with several entities and defining roles and establishing a basis for the evaluation of assets is an important financial institutions and their role in the face of financial crises.
Calendar banks On the subject of censorship, he said: It is an important aspect in the work of central banks, pointing to the hiring of an international center to evaluate the banks in terms of the physical aspects, warning of the importance of the financial system to protect where it is exposed to crimes such as money laundering,
referring to the exceptional effort in the preparation of the money laundering law based on international standards to be acceptable at the international level. Selling Currency
OOTW: THE BEST ASPECTS OF THIS INFORMATION IS THAT THEY’RE BEING FORCED (ESP DUE TO UNREST AND CORRUPTION INVESTIGATIONS) TO REVIEW THE INEPT WORKINGS OF THE CBI
OOTW: “preparation of the money laundering law based on international standards to be acceptable at the international level. Selling Currency”
OOTW: DEPEG FROM THE DOLLAR – OR GIVE YOUR CURRENCY A MANAGED FLOAT SCENARIO – TO BE INTERNATIONAL..THE ISSUE IS IN THE LANGUAGE
OOTW: THIS COULD ALSO MEAN BASEL REQUIREMENTS
OOTW: Keywords revealed the contract with the Office of international scrutiny to develop procedures for the sale of currency «Dollar» to control the dollar cash flow, also pointed out that the central focus on the topic of financial inclusion for the positive role in the economic life,
referring to the quest to develop the financing of small and medium enterprises which will create a framework for sector legally integrated, as well as working to stimulate the field of Islamic banking, which is expanding in Iraq. He said the establishment of guarantee deposits in the banking institution, as we are now close to passing a law it will pass in the House,
pointing to the continuing efforts to develop a universal banking system, which represents a significant shift for the work of the central bank. That there was extensive discussion by the participants on the strategic challenges and implementation mechanisms, also answered questions Keywords on banks regarding strategy.
OOTW: AGAIN, THIS IS VIA BUTILFDRM’S POST
OOTW: AND THE ARTICLE ABOVE/LENGTHY PRESS RELEASE DANCES AROUND THIS ISSUE OF THE NEED FOR DEPOSITORS INSURANCE WITHOUT DIRECTLY SPEAKING TO THAT
OOTW: BUT THAT’S THE CRUX OF THESE ARTICLES
OOTW: SO KEYWORDS SAYS THEY ARE GOING TO GET THIS PASSED
Tootsie: from “keywords” yesterday ~ snip from article . He said the establishment of guarantee deposits in the banking institution, as we are now close to passing a law it will pass in the House, pointing to the continuing efforts to develop a universal banking system ,
which represents a significant shift for the work of the central bank. That there was extensive discussion by the participants on the strategic challenges and implementation mechanisms, also answered questions Keywords on banks regarding strategy. ~~~~~~ hmmm
OOTW: PLEASE, DEAR LORD, DO SOMETHING
OOTW: EXACTLY GREAT QUOTE, TOOTSIE, TYVM
OOTW: NOPE OOTW: I LOVE IT TY
OOTW: NOW HERE’S THIS
OOTW: Legal: The Constitution grants the prime minister the right to lay off a number of MPs Writings Sunday , February 28, 2016Said legal expert Tareq Harb that ” the Constitution gave the power to the prime minister in / layoffs / number of the deputies , ”
noting that “as long as the Constitution , the number of members of parliament, did not specify the validity of the Prime Minister in the demobilization of a number of MPs are similar validity in the demobilization of vice presidents.”
OOTW: SO ABADI WANTS TO USE THE SAME APPROACH TO GET RID OF THE WORTHLESS MP’S AS HE DID THE VP’S
OOTW: he said in a press statement that ” is designed to walk the prime minister in his reformist and reducing the number of members of parliament also worked when he took Cancel positions of the three vice – president and three vice – prime minister in August of 2015 and thus he may cancel dozens of grades and positions of assessments for members of parliament so that the Prime Minister aware and clearly that there is a constitutional basis and legally the decision that`s in reducing the number of members of parliament. ”
OOTW: GO GET ‘EM ABADI
OOTW: He said the war that” the Constitution in the materials allocated by the House of Representatives of any material (48-64) did not Atol Constitution specify the number of members of the House of Representatives,
but leave it out law has been determining the number of members of parliament in the laws governing parliamentary elections, so the House of Representatives No. election law (16) of 2005 specify the number of members of parliament , 275 members and the law of the House of Representatives elections No. (45) for the year 2013 select number of members (238) members of this Act which took place on the jurisprudence of the House of Representatives elections in the current session, which I got in 2014. ”
OOTW: SO YESTERDAY THERE WAS A PRESS RELEASE STATING THAT JOBOURI WANTS TO REDUCE THE NUMBER OF THE REPS FOR THE PROVINCES OOTW: NOW WE KNOW WHY
OOTW: HE WANTS TO LIMIT THE NUMBER OF MP’S IN THE HOUSE TO SUPPORT ABADI’S PLANS TO REDUCE THE MP’S – THUS ELIMINATING THEM
OOTW: he explained that” the law is the one who select the number of members of parliament and no constitution, the reduction of the number of members of parliament and the demobilization of some of them does not require a constitutional amendment, according to some ,
as there is no constitutional provision limits the number of members of parliament in order to require a constitutional amendment and walk down the measures modifying the complex constitution and near impossible to actually have some argue that Article 49 of the Constitution limited the number of members of parliament implicitly when it limited the number of seats by one seat per one hundred thousand people
without noticing that this article dispersed between the number of members and the number of seats that is to say the number of seats is calculated according percent thousand people either number of members not designated by the constitution ,
OOTW: so it signed books of the current electoral law and a former big mistake when it did not differentiate between the number of seats and the number of members of the former defined constitutionally and second Unknown. ”
He said the war to be “the prime minister the right to reduce the number of members of parliament (328) members as it exists at present to (150) only member to cancel (172) position of the positions of the House of Representatives and the demobilization of the two as long as the goal is to reform and reduce the expenses and the number of members of the Iraqi parliament does not commensurate with the number of members of the parliaments of other countries is sufficient to demonstrate that the United States and a number Nfosha (400) million, while the number of members of parliament at least twice the number ofmembers of the Iraqi parliament. ”
Tootsie: I just hope to heck they all have extremely good ‘body guards’ surrounding them
Tootsie: my parting thought for today ~ “Sometimes, I just want someone to hug me and say, “I know it’s hard. You’re going to be okay. Here is chocolate and 6 million dollars.” :wub:
Tootsie: Have a great rest of the day, and OOTW, get some rest !!!
OOTW: THEY WANT AND NEED TO REDUCE THE NUMBER OF PEOPLE THEY HAVE TO PAY AS WELL AS INCREASE LIKELIHOOD THAT LAWS WILL BE PASSED BY REDUCING THE NUMBER OF MP’S
OOTW: BRILLIANT AS…
OOTW: THIS IS GREAT
OOTW: THINGS ARE GOING TO GET EVEN MORE CRAZY EVERYONE
OOTW: HOLD ON TO YOUR HATS
OOTW: THIS ARTICLE SUPPORTS THE ABOVE TY BUTIFLDRM
OOTW: Source: Commission reshuffle will keep its eight ministers and garner support for the delegation Abadi Writings Sunday , February 28, 2016 Revealed a senior political source, on Sunday, the intention of the Committee on theministerial change present its results on the political blocs to stand on its point of view and suggestions and their candidates, while between the Commission will maintain its eight ministers ” have proved their merit”,
he stressed that there is a movement to mobilize parliamentary support grants “full powers” Ministerial to change. the source said in an interview that ” the tripartite committee , which includes president of acoalition of state law, Nuri al – Maliki, the head of the parliamentary bloc of the coalition, Ali al – Adeeb, will begin visits to the political blocs to ask cabinet reshuffle expected mechanism, and the statement of work for the selection of the new cabin, the most important findings, especially to keep the five or eight current ministers have proven their merit. ”
Doug_W: I did a Red Green on mine OO
OOTW: WHAT, DUCT TAPE? OOTW: LOL
Doug_W: (he uses duct tape to fix everything)
OOTW: He said a senior political source, who preferred anonymity, that” the Commission move came to see the extent of the interaction of the political blocs with the orientation of the Ministerial change, and learn about other views and proposals that will enable them to continue their work , “noting that” the second Committee Committee nominated between ten and 12 people with experience and competence of workers in ministries or universities Stardhm the other blocs. ”
OOTW: the source explained that” the Commission will invite the political blocs to nominate Ttosm them experience and competence of new ministerial cabins, provided they are not the leaders or affiliated with them about blatant , “pointing out that” the tripartite Commission will clarify the political blocs that her group the third working under the supervision of the Prime Minister, Haider al – Abadi, personally, to choose two to four people, the masses of new like his father , according certain foundations to involve people more in decision – making. ”
OOTW: He said a senior political source, that” a group of MPs will hold meetings with the political blocs to clarify the viewpoint of the prime minister and the method of work of theCommission to choose the new ministerial cabin, to collect the largest possible number of votes to approve the change expected, and the granting of Abadi full powers to move draft reform. ”
OOTW: other positions , including Minister of Higher Education. the State of law coalition, has revealed in ( the 23 from February , the current), the existence of a committee of academics and consultants from various ministries, to help the prime minister, Haider Abadi, in the selection of the new ministerial cabin, while the citizen block to view the Commission on the political spectrum called for the removal of “doubts” on them being on the one hand,
the coalition proposed Kurdistan abolition of ministries that were transferred its powers to the provinces to include new cabin 14 ministries only. the leader of the Sadrist movement, Muqtada al – Sadr, presented in ( the 19 of February , the current 2016), a list of independent Iraqi figures whose mission would be to form a committee to choose a new ministerial cabin, warning that lack of acceptance of the political blocs that will be followed by “other steps”
OOTW: “OTHER STEPS” LOVE IT – THERE’S MORE TO THESE, I’LL POST IN THE FORUM AFTER THIS CHAT
OOTW: HERE’S THE NEXT ART AND IT’S AMAZING
OOTW: National Alliance held a meeting in the presence of Abadi and discusses developments on the Iraqi arena Author: Editor: AZ 28/02/2016 21:58 Number of Views: 198 Long – Presse / Baghdad , the leadership of the Iraqi National Alliance held, on Sunday, an expanded meeting to discuss the current political and security developments in the Iraqi arena.
Recent victories on the organization (Daash). The press office of the head of the Iraqi National Alliance , Ibrahim al – Jaafari said in a statement received (range Press), a copy of it, that “the leadership of the National Alliance, today held a meeting under the chairmanship of Ibrahim al – Jaafari, and the presence of all members Haider al – Abadi, and Ammar Hakim, and Hussein al – Shahristani, and on the Keywords, and Zia al – Asadi, and Khodair al and Hashem al – Hashemi, Abdul – Karim al – Ansari. ”
the statement added,” the meeting discussed the political developments on the Iraqi scene, as well as the repercussions of the security situation in the country, and developments and wins battles against al (Daash ), the terrorist. ”
the National Alliance, has called on Sunday (14-2-2016), a real participation in the preparation and implementation of any government program that would address the current problems in the country, while stressing the importance of the reforms offered by the government program started in infancy first, students trained security personnel.
OOTW: WHAT I MEANT BY AMAZING IS THAT IT’S NOT GREAT NEWS SORRY
OOTW: READ THIS
OOTW: National Alliance, today held a meeting under the chairmanship of Ibrahim al – Jaafari, and the presence of all members Haider al – Abadi, and Ammar Hakim, and Hussein al – Shahristani, and on the Keywords, and Zia al – Asadi, and Khodair al and Hashem al – Hashemi, Abdul – Karim al – Ansari. ”
OOTW: MANY OF THESE PEOPLE ARE UNDER INVESTIGATION FOR CORRUPTION SO IJDK
OOTW: I EXPECT SOME OF THESE HEADS TO BE ON THE CHOPPING BLOCK SO WHY ARE THEY HAVING A MEETING?
OOTW: TO OUST ABADI? OOTW: HMMMM OOTW: WE HAVE TO WAIT AND SEE
OOTW: IF TRUE, I’D EXPECT THIS MIGHT WELL SEAL THEIR FATES
OOTW: WOW, AS IRAQ TURNS CAN’T WAIT TO SEE WHAT HAPPENS NEXT
OOTW: I HOPE THAT IF TRUE, MOHSEN/KEYWORDS WILL BE GONE, GONE, GONE
OOTW: BUT IT MAY NOT BE THE HEAD OF THE CBI TO WHICH THEY REFER WE’LL SEE
OOTW: THE FALL OF MOSUL IS IN THE PRESS AGAIN
OOTW: Sunday 28 February 2016 | 11:10 | Number of Views: 621 Fall of Mosul, a report in the wind and Vice holds executive responsibility for procrastination BAGHDAD / … carried the fall of Mosul, a member of the Committee Hoshyar Abdullah, Saturday, executive and judicial authorities responsible for procrastination follow the fall of Mosul, voted by the Iraqi parliament’s report, noting that the report went on, “the wind.”
He said Abdullah’s “Eye of Iraq News,” “The Commission of Inquiry fall of Mosul has completed its duty and submitted a report characterized by bold diagnosed the causes and perpetrators of the fall of the city of Mosul, however,” Daash “criminal gangs, noting that” the executive and judicial authorities responsible for the delay follow-up report after the vote by the Iraqi parliament. ”
The member of the Committee of the fall of Mosul, said “the reason for delay follow-up report and accounting of the accused return to their stay in power, but they are influential senior in the political process,” adding that the “Committee for the fall of Mosul, a report went on a” wind “because of the weakness of the executive branch.”
The Iraqi Council of Representatives voted on Monday (August 17 2015), the assignment of the final report of the commission investigating the fall of the city of Mosul to the judiciary without reading it. Among the most prominent names of the political and security figures who accused her report of the Special Parliamentary Committee to investigate the fall of the city of Mosul,
however, “Daash” 0.18 Personal gangs, most notably former Prime Minister Nuri al-Maliki and former Army Chief of Staff Babacar Zebari, the former governor of Nineveh Ethel Alngeevi.anthy 12 Among the most prominent names of the political and security figures who accused her report of the Special Parliamentary Committee to investigate the fall of the city of Mosul, however, “Daash” 0.18 Personal gangs, most notably former Prime Minister Nuri al-Maliki and former Army Chief of Staff Babacar Zebari,
OOTW: the former governor of Nineveh Ethel Alngeevi.anthy
OOTW: SJC RELEASED A PRESS STATEMENT THIS MONTH INDICATING THEY’RE STILL INVESTIGATING THE FALL OF MOSUL
OOTW: HERE’S THE LINK TO THIS CHAT wealthwatch.world/showthr… http : // wealthwatch . world / showthread
http://wealthwatch.world/showthread.php?tid=4137
