Morning News Comments 06/03/2015
Parliamentary Finance Committee reveal a proposal to merge the Rafidain and Rasheed
[tlm724] great find Rocky thank you !
[tlm724] Parliamentary Finance Committee reveal a proposal to merge the Rafidain and Rasheed
[tlm724] it's probably time for that anyway
[tlm724] but
[tlm724] that "the Finance Committee met a few days ago with the Economic Commission to study the investment law being activated and carries financial side." Haider said that "the lack of activating the investment law because of obstacles in front of the Investment Authority,
~~~
Parliamentary Finance Committee reveal a proposal to merge the Rafidain and Rasheed
[tlm724] great find Rocky thank you !
[tlm724] Parliamentary Finance Committee reveal a proposal to merge the Rafidain and Rasheed
[tlm724] it's probably time for that anyway
[tlm724] but
[tlm724] that "the Finance Committee met a few days ago with the Economic Commission to study the investment law being activated and carries financial side." Haider said that "the lack of activating the investment law because of obstacles in front of the Investment Authority,
~~~
[tlm724] investment law being activated
[tlm724] looks like the final touches are being made to the investment law
[tlm724] "those obstacles spurred Parliament to enact a law gives full freedom for investors from home and abroad."
[tlm724] investment from all over the globe coming right up, once this law is enacted it will bust wide open
~~~
Kurdistan Parliament: we will sell oil without reference to Baghdad if the agreements did not apply
[tlm724] the region will resort to the sale of oil by himself without reference to Baghdad in the absence of the federal government's commitment to the Convention between the two parties,
[tlm724] don't blame them
[tlm724] Ismail added that "the adoption of the international lending law is also one of the ways in order not to rely on the state budget in Baghdad," adding that "the region has become indebted to Turkey at $ billion,
it also owes some domestic banks in order to pay employees' salaries."
The Kurdistan region acknowledged on Tuesday (June 2, 2015), the international credit law which grants the Government of the region on the way to borrow the amount of five billion dollars for investment projects.
[tlm724] Kurds borrowed from Turkey so they could pay their bills now they owe them and also the kurds do have their own laws as referenced above
[tlm724] The Oil Minister Adel Abdul-Mahdi in (May 30, 2015), that the Baghdad agreement and Erbil remained "steadfast and present",
and pointed out that the agreement "is final and can not be relied upon," With attributed the reasons for the differences between Baghdad and the provinces and the Kurdistan region not to approve the oil law and gas,
warned of the increasing gaps in the oil agreement between the province and the center in the absence of approval and agreement on the details.
[tlm724] the only way this oil agreement will work is if both sides fullfill their obligation to the agreement
~~~
Ebadi, an adviser to calls to install Governor of the Central Bank confirms: no one dares to turn it into a commercial bank
[tlm724] Economic Adviser to the Prime Minister Haider al-Abadi, on Wednesday, to install governor formally the Central Bank
[dogznova] which one.. theres been a few
[tlm724] The work of the Governor of the Central Bank acting and subjected to political quotas did not affect the Iraqi economy is now very dramatically, especially after three years on the job distracting proxy"
[tlm724] stressed the need to "install the Governor of the Bank formally," noting that "the international community address Iraq and constantly asking him to install the Governor of the Central Bank to be a financial and economic policy maker."
[tlm724] we have been telling them that !
[dogznova] Hopefully they are getting ready to open up the new CBI building
[tlm724] yes !
[tlm724] the prime minister Haider al-Abadi his position clear of the subject of the independence of the central bank and remove him from the political quotas".
[tlm724] good thing, at least he is not like Maliki trying to get his dirty hands on the money
[dogznova] what, they dont like it being a central bank ?
[tlm724] Keywords revealed in (the first of December 2014), that the amendments to the Central Bank and banks laws, money laundering and reached the final stages,
[tlm724] dogznova they want it to stay a central bank and have a competent poilcy maker at the helm
[tlm724] that the amendments to the Central Bank and banks laws, money laundering and reached the final stages !
[tlm724] among the several meetings held with the Speaker of Parliament Saleem al-Jubouri for ratification soon, description the Board of Directors as "an internal committee need to be extended."
[tlm724] that was in Dec ! ^^^
[tlm724] Keywords revealed in (the first of December 2014)
[tlm724] chop chop I don't know what they are waiting on with these amendments !
[tlm724] but they NEEDED them yesterday, just sayin ...
[dogznova] seems they have nothin but time
[tlm724] Saleh doesn't indicate who will be appointed as permanent CBI governor
[dogznova] I can't see Shabs wanting that job back at his age
[tlm724] dogznova your probably right on that but you never know maybe he will want to see his policy/plan completed ???
[dogznova] he will probably have something to do with who get elected though
[tlm724] great point !
~~~
Financial panic
proceedings up to this point is an important and helpful in mitigating the impact of the lack of liquidity, eight absence Anja not portends great danger as long as the country has the capacity physical Maysaad to overcome the crisis,
and in such a case must be to speed up the enactment of the Deposit Insurance Act to restore confidence Bodaoualmassarv and activating investment and most importantly provide liquidity.
[tlm724] indeed, before it's too late !!
However, private banks initiatives and its attempts to reduce the dollar exchange rate to give up part of their profits do not come out because they eat, and required in this case search the reasons, he noted that 50 banks pledged reduction but the dollar did not budge.
~~~
Expert: {} decentralization promotes economic advancement in Iraq
[tlm724] , through the transfer of the powers of some ministries to local governments
[tlm724] The government plans to transfer the powers of the ministries (Municipalities and Public Works, Labour and Social Affairs, Construction and Housing, youth and sports, agriculture, health, education, as well as financial) to the provinces according to the middle of next August law.
[tlm724] as well as financial) to the provinces according to the middle of next August law.
[dogznova] hmm sounds like power sharing?
[tlm724] not quite, individual responsibility and ability to the provinces to make or break themselves
[dogznova] ahh
[tlm724] looks like the final touches are being made to the investment law
[tlm724] "those obstacles spurred Parliament to enact a law gives full freedom for investors from home and abroad."
[tlm724] investment from all over the globe coming right up, once this law is enacted it will bust wide open
~~~
Kurdistan Parliament: we will sell oil without reference to Baghdad if the agreements did not apply
[tlm724] the region will resort to the sale of oil by himself without reference to Baghdad in the absence of the federal government's commitment to the Convention between the two parties,
[tlm724] don't blame them
[tlm724] Ismail added that "the adoption of the international lending law is also one of the ways in order not to rely on the state budget in Baghdad," adding that "the region has become indebted to Turkey at $ billion,
it also owes some domestic banks in order to pay employees' salaries."
The Kurdistan region acknowledged on Tuesday (June 2, 2015), the international credit law which grants the Government of the region on the way to borrow the amount of five billion dollars for investment projects.
[tlm724] Kurds borrowed from Turkey so they could pay their bills now they owe them and also the kurds do have their own laws as referenced above
[tlm724] The Oil Minister Adel Abdul-Mahdi in (May 30, 2015), that the Baghdad agreement and Erbil remained "steadfast and present",
and pointed out that the agreement "is final and can not be relied upon," With attributed the reasons for the differences between Baghdad and the provinces and the Kurdistan region not to approve the oil law and gas,
warned of the increasing gaps in the oil agreement between the province and the center in the absence of approval and agreement on the details.
[tlm724] the only way this oil agreement will work is if both sides fullfill their obligation to the agreement
~~~
Ebadi, an adviser to calls to install Governor of the Central Bank confirms: no one dares to turn it into a commercial bank
[tlm724] Economic Adviser to the Prime Minister Haider al-Abadi, on Wednesday, to install governor formally the Central Bank
[dogznova] which one.. theres been a few
[tlm724] The work of the Governor of the Central Bank acting and subjected to political quotas did not affect the Iraqi economy is now very dramatically, especially after three years on the job distracting proxy"
[tlm724] stressed the need to "install the Governor of the Bank formally," noting that "the international community address Iraq and constantly asking him to install the Governor of the Central Bank to be a financial and economic policy maker."
[tlm724] we have been telling them that !
[dogznova] Hopefully they are getting ready to open up the new CBI building
[tlm724] yes !
[tlm724] the prime minister Haider al-Abadi his position clear of the subject of the independence of the central bank and remove him from the political quotas".
[tlm724] good thing, at least he is not like Maliki trying to get his dirty hands on the money
[dogznova] what, they dont like it being a central bank ?
[tlm724] Keywords revealed in (the first of December 2014), that the amendments to the Central Bank and banks laws, money laundering and reached the final stages,
[tlm724] dogznova they want it to stay a central bank and have a competent poilcy maker at the helm
[tlm724] that the amendments to the Central Bank and banks laws, money laundering and reached the final stages !
[tlm724] among the several meetings held with the Speaker of Parliament Saleem al-Jubouri for ratification soon, description the Board of Directors as "an internal committee need to be extended."
[tlm724] that was in Dec ! ^^^
[tlm724] Keywords revealed in (the first of December 2014)
[tlm724] chop chop I don't know what they are waiting on with these amendments !
[tlm724] but they NEEDED them yesterday, just sayin ...
[dogznova] seems they have nothin but time
[tlm724] Saleh doesn't indicate who will be appointed as permanent CBI governor
[dogznova] I can't see Shabs wanting that job back at his age
[tlm724] dogznova your probably right on that but you never know maybe he will want to see his policy/plan completed ???
[dogznova] he will probably have something to do with who get elected though
[tlm724] great point !
~~~
Financial panic
proceedings up to this point is an important and helpful in mitigating the impact of the lack of liquidity, eight absence Anja not portends great danger as long as the country has the capacity physical Maysaad to overcome the crisis,
and in such a case must be to speed up the enactment of the Deposit Insurance Act to restore confidence Bodaoualmassarv and activating investment and most importantly provide liquidity.
[tlm724] indeed, before it's too late !!
However, private banks initiatives and its attempts to reduce the dollar exchange rate to give up part of their profits do not come out because they eat, and required in this case search the reasons, he noted that 50 banks pledged reduction but the dollar did not budge.
~~~
Expert: {} decentralization promotes economic advancement in Iraq
[tlm724] , through the transfer of the powers of some ministries to local governments
[tlm724] The government plans to transfer the powers of the ministries (Municipalities and Public Works, Labour and Social Affairs, Construction and Housing, youth and sports, agriculture, health, education, as well as financial) to the provinces according to the middle of next August law.
[tlm724] as well as financial) to the provinces according to the middle of next August law.
[dogznova] hmm sounds like power sharing?
[tlm724] not quite, individual responsibility and ability to the provinces to make or break themselves
[dogznova] ahh
[tlm724] The investment point of it (decentralization) will give the authority more in order to deal with internal and external investment, attracting companies sober to benefit the province concerned thereby improving the reality of investments in the country,
noting at the same time that the administrative, financial and bureaucratic corruption are the main factors that limit investment and economic development.
[dogznova] thats what they want though.. right?
[tlm724] well it's part of the plan for a free market economy/society
[dogznova] looks like a good direction to me..
[tlm724] just like our individual states have governing ability so will the provinces
[tlm724] it is a good thing dogz Wink they can make alot of revenue too, see below
[tlm724] will have to maintain decentralization through provincial Law No. 21 of 2008 amended the following resources in accordance with Article 44 of the "budget allocations, the income earned from fees for services
The taxes, fees and fines in accordance with the laws, as well as allowances for the sale and lease of state property movable and immovable property,
donations and grants according to the Constitution, along with half of border crossings revenues, if any, and the share of the petro-dollar oil to the provinces,
as well as allocated by local authorities for administrative units that followed with adequate quota for the advancement of duties and obligations according to the proportion of the population.
~~~
Meet tariff and taxes in August
[tlm724] the government decided to start the fulfillment of tariffs and taxes from next August
[tlm724] works for me let me show what we said yesterday afternoon about it
[tlm724] Cabinet defers implementation of the new customs tariff
[tlm724] MAYBE just MAYBE this delay has merit.
BondLady mentioned to me that perhaps they need this time to adjust the income of the people (purchasing power) so the tariffs and taxes won't hurt the citizens as much ... just something to consider
http://ift.tt/1G5X0bj
noting at the same time that the administrative, financial and bureaucratic corruption are the main factors that limit investment and economic development.
[dogznova] thats what they want though.. right?
[tlm724] well it's part of the plan for a free market economy/society
[dogznova] looks like a good direction to me..
[tlm724] just like our individual states have governing ability so will the provinces
[tlm724] it is a good thing dogz Wink they can make alot of revenue too, see below
[tlm724] will have to maintain decentralization through provincial Law No. 21 of 2008 amended the following resources in accordance with Article 44 of the "budget allocations, the income earned from fees for services
The taxes, fees and fines in accordance with the laws, as well as allowances for the sale and lease of state property movable and immovable property,
donations and grants according to the Constitution, along with half of border crossings revenues, if any, and the share of the petro-dollar oil to the provinces,
as well as allocated by local authorities for administrative units that followed with adequate quota for the advancement of duties and obligations according to the proportion of the population.
~~~
Meet tariff and taxes in August
[tlm724] the government decided to start the fulfillment of tariffs and taxes from next August
[tlm724] works for me let me show what we said yesterday afternoon about it
[tlm724] Cabinet defers implementation of the new customs tariff
[tlm724] MAYBE just MAYBE this delay has merit.
BondLady mentioned to me that perhaps they need this time to adjust the income of the people (purchasing power) so the tariffs and taxes won't hurt the citizens as much ... just something to consider
http://ift.tt/1G5X0bj
via Dinar Recaps - Our Blog http://ift.tt/1FTyRmV
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