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Monday, June 22, 2015

Millionday & BGG News 6-21-15 Part 1 of 2

Millionday News 6/21/15  Part 1 of 2

Welcome to dinarupdates.com for News Time with Millionday!!

Millionday: Description economic expert, Dr. Mahmoud Snubs, Sunday, the central bank measures towards strengthening of the dollar against the Iraqi dinar to "prosthetic solutions," noting that it would not prevent the rise of the dollar again in the coming days.

He said Snubs told / information /, that "the recent central bank actions to control the rise of the dollar exchange rate against the Iraqi dinar is the prosthesis solutions and came to cross a very short stage will not be able to create some kind of stability of the dinar in the coming days and will not prevent the rise of the dollar price again ".

Millionday: NOTE -- THE ISSUE IS NOI TO ALLOW THE EXCHANGE RATE TO RISE -- LOVE IT
~~~
Millionday: He added that "the Bank has focused on lowering prices and labored for the sake returned to normal and forgot about the challenges that will face in the near future and of the return of prices to climb because of the speculators and the survival of the challenges and causes as they are,"

pointing out that "the rise of the dollar with stability better than falling prices with permanent volatility, which confuses the internal market and create tension destroy the country's economy.

Millionday: NOTE -- THE MAIN SITUATION THAT WILL HAPPEN IS THAT -- STABILITY IS THE GOAL

Millionday: The governor of the Iraqi Central Bank on the Keywords may take the government announced a series of measures aimed at reducing the significant rise in the dollar exchange rate against the dinar during the last period.

Among these measures are the Central Bank of Iraq has decided to stop the deduction of tax and customs trusts by banks on outstanding amounts of dollar remittances. Governor of the Bank also revealed the approval of the crisis cell to issue financial bonds worth five billion dollars sold to the public directly.

Millionday: SO AS WE SEE THE GOAL IS THE MARKET AND THE GAIN IN BONDS OR THAT WOULD NOT BE THE PURPOSE -- --

Millionday: The Central Bank of Iraq, Saturday, stopping the deduction for tax and customs secretariats by banks on outstanding amounts of dollar remittances.

The bank said in a statement received by the agency / information / copy of it, "the Iraqi Central Bank decided to stop the deduction of tax and customs secretariats by the banks to the amounts due to the dollar remittances.

Millionday: NOTE -- CBI IS PREPARING WITH ECONOMIC TOOLS TO BRING IRAQ FORWARD

Millionday: He added that "this measure has the direct effect of the eighteenth of June current, where she holds the customs authorities and tax fees are met in accordance with law.

The Governor of the Central Bank on the Keywords confirmed, last Thursday, that the decision to cancel the duties and taxes will reduce the dollar exchange rate significantly, pointing to the approval of a cell of the crisis on the bank's proposal to delete the custom duty and tax on the purchase of the dollar.

BGG: Hey gang - I apologize MD is having difficulties with her computer - or access or something...

BGG: not sure what the issue is - but I will have to look things over later.

CONTINUATION WITH BGG

BGG:  It's still News Time...

BGG: Legal representative: Federal Court Rules, parties and advisors are ready to vote

BGG: Tomorrow Press / Baghdad announced the parliamentary legal committee member Ibtisam Hilali, Sunday, that the committee finalized the observations and amendments to the parties and advisers of the Federal Court Act, and submitted to the Presidency to put it on the agenda and voted upon.

BGG: She said Hilali for “tomorrow Press,” that “the Legal Committee presented the three Federal Court and advisers and parties laws to the Presidency before the legislative term ends, it is possible submission to the Council for a vote,” surprising “Do not display the laws on the agenda, despite the continued emphasis on its importance “.

BGG: She explained that “one of the laws made by the Committee for the Presidency to be presented to business cancel the dissolved Revolutionary Command Council resolutions laws table,”

noting that “the National Guard is still the law of the Legal Committee due to the differences on some paragraphs between the political blocs.”…

BGG :So sorry - I was in the middle of a minor computer meltdown of my own here

BGG :It appears there are several key pieces of legislation getting much closer to being a reality… However, just because one side – or the other says “it is ready” does not mean it is… it means “they are ready” – everything they argue over (politically) they do in the media…

BGG: Whomever it is “expressing surprise” that Jubouri hasn’t included the Guard Law on the agenda “as is” is likely just attempting to put pressure on him to move ahead before a real agreement is made.

BGG : Having said as much – I do get the impression things are moving ahead. At least the “struggle for the soul of Iraq” is still a struggle and not a capitulation to lawlessness…

BGG :"struggle for the soul of Iraq" appears where we are now...

BGG :We'll get to some juicy stuff here in a bit...

puffdragon: How or In what way does this efect the RV?

BGG :This narrative has been more and more public for the last couple of weeks. I first wrote about it around the 12th or so... maybe a few days before...

http://ift.tt/1H8V3gA

BGG :this is the "struggle for the soul of Iraq" and it DIRECTLY impacts MR... on one side you have Chalibi, Abadi (who wants to save his job/legacy), Allawi and even Dr Shabibi.... generally the Sunni contingent.

BGG :On the other side of the argument we see Alak and Maliki - maybe at the unction of Iran... generally the Shia hardliner contingent. All views I have been bringing to the general public...

BGG:up until I was writing about it - some of these ding-a-lings were saying Shabibi was on his way back tomorrow...

BGG says to puffdragon:not the case.

BGG :Nope - OK, gimme a sec - BRB with more.

BGG :National calls to bring the Central Bank of quotas

BGG:(Independent) .. called the National Coalition to the output of the Central Bank of quotas basket, and the replacement of those responsible for the collapse of the exchange rate who were appointed for partisan reasons unknown.

BGG :I'm going to comment about this in pieces...

BGG :too much here to talk about...
BGG :The "National Coalition" referred to here is NOT the National Alliance. The NA is the broader Shia alliance....

BGG :the NC is a smaller Sunni political bloc headed by former Sunni heavy weight Ayad Allawi...

BGG :all important because I always look at news from 3 perspectives...

BGG :1) who is talking...

BGG :2) who are they talking to...

BGG :3) what are they trying to say...

BGG :this is Allawi in charge of a smaller Sunni contingent...

(8:47 PM)jarhead changed nickname to .VIP.JARHEAD!

BGG:they are PLAINLY talking about Alak and possibly his upper mgmt in the CBI...

BGG :(Independent) .. called the National Coalition to the output of the Central Bank of quotas basket, and the replacement of those responsible for the collapse of the exchange rate who were appointed for partisan reasons unknown.

BGG :...the output of the Central Bank of quotas basket...

BGG :There we go...

BGG :they are calling for the "output" of THOSE IN THE Central Bank placed as a result of quotas (along party lines)...

BGG :THIS IS ALAK from the CBI...

BGG :...and the replacement of those responsible for the collapse of the exchange rate who were appointed for partisan reasons unknown...

BGG :More on the same guy - for the same reason... collapse (and likely the stalling of MR) of the Dinar/Dollar exchange rate...

BGG :He called the national coalition in a statement the government and the House of Representatives to bring the Central Bank of quotas hateful basket, and the replacement of those responsible for the collapse of the exchange rate who were hired for reasons of partisan known, 

and they lack the experience needed to manage such a serious institution, and national personalities of the owners of expertise and efficiency and the ability to secure currency stability and ending the state of proxy appointment and give confidence to those who deserved it. (as he put it)…

BGG :Key statement..."who were hired for reasons of partisan known, and they lack the experience needed to manage such a serious institution..."

BGG :Key statement - "ending the state of proxy appointment and give confidence to those who deserved it. (as he put it)…"

BGG :according to Allawi - Alak lacks the experience...

BGG :and is "calling for" the end of the Proxy appointment and give to someone who deserves it...??

BGG :keep in mind - Allawi is a politicican... not an economist. If he is on this "band wagon" and it looks like a "band wagon" it is likely a known and accepted narrative in Iraqi politics...

Comments may be made at the end of part 2  Thank You


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