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TxBrand: Sajad Jiyad Retweeted IraqiEmbassyUSA ‏@IraqiEmbassyUSA · 55m55 minutes ago Iraq signs ICSID Convention providing substantial legal protections for foreign investors www.iraqiembassy.us/artic…


Doug_W: git er dun Iraq

: Iraq has become the 160th country to sign the Convention and the 152nd country to become a member of the International Centre Settlement of Investment Disputes (ICSID). The ICSID Convention encourages the flow of investment across borders by providing substantial legal protections for foreign investors.

Doug_W: I hope it wasn’t sighed by maliki Tx

TxBrand: The Chairman of Iraq’s National Investment Commission (NIC), Dr. Sami Al-Araji, today signed the Convention on the Settlement of Investment Disputes between States and Nationals of Other States (the ICSID Convention).

TxBrand: Iraq Live Update ‏@IraqLiveUpdate · 59m59 minutes ago Badr leader Ameri held an ‘important’ meeting with AAH leader Khazali in #Baghdad to discuss Kirkuk, statement said

TxBrand: Bloom Properties delays plan for homes in Iraq www.thenational.ae/busine…

chattels: Parliamment is in session tomorrow and discussion of the 2016 budget continues – there is no vote on the budget for tomorrow contrary to the day’s moronic post. Another misread by ” XXXX “.

chattels: Parliament will vote tomorrow on the ban Daash sites and discusses the budget in 2016 : wealthwatch.world/showthr…

chattels: ” ………. hold the House of Representatives, on Thursday, to a vote and the reading of a number of laws including the 2016 budget.”
chattels: ” It includes the agenda, according to a statement of the Council “vote on the decision to ban terrorist Daash sites in all webs and sites inciting or paved or glorified or promoter or justifying the crimes of terrorist, and vote on the draft Martyrs Foundation law.”

It also includes “vote on the draft first amendment to the law of compensation law affected by the military operations and military errors and terrorist operations, and the report of the Committee on Economy and Investment and the discussion of the draft general budget of the Federal Republic of Iraq for fiscal year 2016. ”

chattels: ” ………. and the discussion of the draft general budget of the Federal Republic of Iraq for fiscal year 2016. ”

Sam: good evening doing a drive by and I see it is the time of the year to go thru “one” more budget time

Sam: UGH

chattels: Discussions, meetings and amendments of the budget are continuing and the Finance Committee is scheduled to meet as late as Sunday to discuss various issues as revealed in another article posted yesterday.

chattels: The source said the company is working in the trade of goods told Reuters: “It’s the first Kurdish supply up to northern Europe.” Announced Kurdistan region this week for the first time its oil export details explaining how rallied on Baghdad since 2014.

He says the region that exports now amount to ten countries, but it was premature to disclose the final destination because the Iraqi oil marketing company [ SOMO ] is still threatening to sue buyers. and published by Reuters by that Kurdish oil arrived in Israel and Hungary.

chattels: wealthwatch.world/showthr…

chattels: I doubt very much that there will be an oil agreement between the GOI and the KRG even within the 2016 budget.

chattels: The marketing of oil with the long term needs for contracts and sales cannot be turned on and off like a spigot. The path seems clear to me. Financial separation between the GOI and the KRG is a current and unavoidable reality. Forget the rhetoric of the Shia politicians in Baghdad, IMO.

chattels: If you have not read the forum news today then I urge you to do so – especially the following two :

chattels: Central Bank Of Iraq Tries To Deal With Fraud In Dollar Exchanges wealthwatch.world/showthr…

chattels: Abadi’s Failed Reforms wealthwatch.world/showthr…


chattels: The Iraqi parliament voted on November 2 to revoke any mandate for Prime Minister Haider al-Abadi to conduct reforms, putting an end to an eleven-week period in which the weak head of government seemed to ride a popular wave.

The short era of “Abadi’s reforms”—from when he issued his first statement of reform measures on August 9—has often been mischaracterized both in terms of what Abadi was doing and the reasons driving opposition to him.

Both had less to do with fighting corruption than a more conventional power struggle, and his failure to enact reforms thus far has been due not only to Shia rivals’ efforts to undermine him but also his own missteps.

chattels: All of “Abadi’s reforms,” to the extent there were specific, implementable measures, were either austerity measures, such as eliminating excess government positions, or symbolic moves, such as eliminating the three vice-presidency positions, one of them held by former Prime Minister Nouri al-Maliki.

The austerity measures are indeed necessary, as the country faces a cash crisis amid low oil prices, but they would not have transformed the political system. Abadi neither implemented nor even proposed measures aimed at bridging the Shia–Sunni divide, fighting the war against the Islamic State more effectively, or fighting corruption—despite Western media impressions to the contrary.

chattels: The lack of support for Abadi’s reforms among his Shia rivals was based on the fear that he is attempting to establish an alternative political platform that could marginalize militia parties, not opposition to any purported radical reform effort, as some media have inaccurately suggested.

The lack of support was also certainly not related in any way to a broad-based effort to fight corruption. Abadi himself played down expectations of prosecuting senior figures, emphasizing the elimination of “waste” (hadr), rather than “theft” (sariqa), as the main goal of reform.

His only anti-corruption measures were the creation of two committees, one on transparency that Abadi would head himself (announced on August 9 and not heard from since) and the second to examine political parties’ use of public property.

chattels: A second element of Abadi’s setback was his failure to build a political coalition, or at least a public consensus, for a reform program. Abadi declared his first “set of reforms” on August 9, following large protests in Baghdad and the south and central parts of the country.

While largely in Shia areas, their rhetoric was non-sectarian and focused on public interest issues, especially corruption and the lack of basic public services such as electricity.

The key activists involved in the protests were ideologically secular, and by August anti-Islamist sentiment was becoming more prominent in television interviews with protest leaders.

State television began using Abadi’s picture and the phrase “Abadi’s reforms” (islahat al-abadi) in the background to its news bulletins, and some protesters began chanting his name, calling on him to prosecute corrupt officials from the previous government.

But within a month of Abadi’s first announced reforms, protest leaders were already becoming vocal in their disappointment with him.

chattels: This does not mean Abadi will be removed from office, but only that his moment to build a public platform for reform has passed for now. The Shia and Sunni Arab parties criticizing him are on the opposite ends of the political spectrum, making a majority coalition against him impossible.

But until Abadi can run in an election at the head of a coalition—and win—he will have to depend on unstable issue-by-issue coalitions to get anything done. Kirk H. Sowell is a political risk analyst and the publisher of the biweekly newsletter Inside Iraqi Politics. Follow him @uticensisrisk.

chattels: ” …………. until Abadi can run in an election at the head of a coalition—and win—he will have to depend on unstable issue-by-issue coalitions to get anything done.”

chattels: There is little executive power in a Parliamentary government, Abadi’s ability to decree anything is very limited. He is a creature of his party and the Parliament.

chattels: wealthwatch.world/showthr…

chattels: Member of the Council of Basra: the budget law contains constitutional violations wealthwatch.world/showthr…

chattels: How to resolve Iraq’s economic crisis wealthwatch.world/showthr…

chattels: “Oil revenues are nearing 59 trillion dinars [$53.05 billion]. Deducting the cost of oil production, the remaining amount will be 45 trillion dinars [$40.3 billion]. Salaries and pensions alone require 50 trillion dinars [$44.8 billion]. How will the expenses of war, health, education, agriculture, services, the poor and others be covered?”

chattels: ” ……… the 2016 budget will cover only the bare necessities, with no room for extraneous expenditures or investments.”

chattels: The most worrisome aspect of Iraq’s deteriorating economic situation is that the government does not have a strategy to deal with this crisis. It has taken only temporary steps such as borrowing from foreign institutions or cutting salaries, both of which have exacerbated the problem.

chattels: The only way out of the current crisis is for the government to look beyond stopgap measures and instead develop large-scale economic plans the general population can contribute to and benefit from.

texas: chattels i joined a bit ago and have been observing mostly, and i seem to see is it seems you think this is never gonna happen, am i reading you wrong?

chattels: ‹@texas› I hope that it is going to happen. I am heavily invested, but I post all the news and not just the news that supports a preferred or popular narrative as to the inevitability or timing of our liquidity event.

texas: i understand it just seems as if there is never any positive, or moving forward type of news in here

chattels: Is the foregoing responsive to your question ?

texas: sorry for asking

chattels: ‹@texas› There is progress in the war on DAESH, but frankly I am hard pressed to find other good news.

chattels: ‹@texas› Why are you sorry for asking ?

texas: so all that parliment is signing working on, moving forward means nothing then just DAESH news?

chattels: What is it that parliament has accomplished ? Signed and implemented that is. They are are always talking about working on something. I try to separate the rhetoric from reality.

texas: ok

chattels: ‹@texas› How long have you been invested ?

MichelleL: lol your question chased him away – another troll chattels?

chattels: ‹@MichelleL› people seem to want to have only good news

chattels: perhaps it would be more beneficial to the popularity of this site for me to leave

MichelleL: people are not very smart, chattels. What good is “good news” without it ever happening

MichelleL: no way chattels, who cares about being in a crowd of cheerleaders

chattels: frustrating and discouraging i think  : i prefer reality to illusion

Donnie: ‹@chattels› IF you ever leave, be sure to let me know where you go!!
MichelleL: lol me too – you were a big draw in my coming here 😉

chattels: well it is a quiet room as many observe

MichelleL: sometimes I feel the older I get, the more diplomacy I lose

chattels: If I were not invested then I could better understand the attitude of people towards my critical analysis

MichelleL: could be worse, some people lose their eyesight -oh wait, thats happening too

MichelleL: you are heavily invested, chattels, and 1000% entitled to your opinion and outlook – I am not in your league but as far as I could go on this venture, and I tend to try and kick myself in the behind at least twice a week lol

chattels: I have invested in excess of $ XXX dollars and countless hours. I have never received a dime of compensation from any source in dinarland.    chattels: I obviously do not get it.

MichelleL: yes, I hate the hours we’ve spent waiting – if I’d only bought a thousand dollars’ worth and thrown it in the drawer, I’d have walked away and not been in a “waiting” game

chattels: I want and need this to happen, but wanting and needing does not change the realities of it all.

MichelleL: I feel very bad about my friend being ripped off on the sale to that dealer a few weeks ago – that is adding insult to injury

SWSD: So I hear that the dealers are selling the 50k notes now. What’s up with that?

MichelleL: I saw one on ebay the other day

chattels: ‹@SWSD› not sure – i have not bought in quite awhile now

MichelleL: I think its 5 or 6 years since I’ve gotten any… I should have stopped the year before lol – i’d have half as many

chattels: ‹@SWSD› If the word ” withdraw ” in recent news means to ” cancel or void ” as with the 5,000 dinar note then most of have 10,000 and 25,000 dinar notes and they would be arguably worthless

MichelleL: 5k dinar notes are worthless????

chattels: ‹@MichelleL› sorry, 50’s

MichelleL: I have a mil of them too – thought the 50 note was withdrawn
MichelleL: lol good

MichelleL: i have a few 50s, not enough to think about
MichelleL: did you ever get used currency chattels, or all new?

chattels: ‹@MichelleL› all ” new ”

MichelleL: me too. The VND I bought were all used – I may have 40 mil or so of them lol but they were so cheap, it was easy to accumulate  MichelleL: maybe 50mil? don’t have a real recollection

chattels: “The issuance of this category will make it easier to deal in Iraqi dinars at home to be a turnout it be bigger than the dollar, which have an impact on reducing the trend towards the latter,” revealing that “any new class is issued by the central bank will in return withdraw category 25 000 or 10 000 “. www.iqtesaduna.com/2015/1…


chattels: ” …………. withdraw category 25 000 or 10 000 ”

MichelleL: assuming a new class –

chattels: Query : ” What does ‘ withdraw ‘ mean in the context of the article ?

MichelleL: cease to use, like our 1000 dollar bill I would assume

MichelleL: still legal tender but just not “there”

chattels: Can anyone really know ? I read what the pundits profess, but ………………………. ?

SWSD: sorry, back for commercial time lol . So do you feel the 50ks are a good thing chattles?

MichelleL: chattels, there are so many 10k and 25k notes out there, and I for one won’t believe in a “LOP”
MichelleL: if it happens, guess I’ll have another tax write off i don’t need

SWSD: ‹@MichelleL› what mayhem and rioting in dinarland will happen if that goes down, huh?
SWSD: all the high praised gurus will all have prices on their heads lol

MichelleL: SWSD mayhell may be the word lol

SWSD: that too

chattels: the word used with the 50 dinar note was ” cancelled ” I believe and not ” withdraw

MichelleL: SWSD it would be a “caliphate”

MichelleL: jihaad Dude 😉

SWSD: ‹@chattels› do you think the 50k note is a good thing?

chattels: scares the heck out of me

SWSD: you and everyone I guess

SWSD: movie on, bbl

MichelleL: I’m about ready to go back into my seasonal break on everything dinars – hate reading all the hopefuls praying for a “Christmas Gift”

chattels: recall or remove from circulation were other word(s) / phrases used with the 50’s

chattels: are those distinctions with a difference ?

MichelleL: there will be time for the withdrawal I imagine, but if no banks here are dealing in dinar, we’d be royally screwed

MichelleL: I imagine not much of a difference, chattels
MichelleL: the dealers are generally all crooks – wouldn’t want to have to deal with any again

chattels: ‹@MichelleL› as we have become accustomed to saying ” we shall see ” 🙂

MichelleL: lol yes, we shall 😉 I’m off – time to get my feet up – see you all tomorrow!
MichelleL: goodnight chattels, SWSD, Donnie

chattels: ‹@MichelleL› gn