Everything is not about the RV!
As I will keep saying - the RV will be the result of the measures being taken for stabilization in areas of politics, the economy and investment opportunities. Most citizens do not even now the RV process is already in play. All they know is they are getting off the 3 zero notes and on to the US dollar. Many think they will be staying on the US dollar so why would they be protesting asking for the long awaited RV? Does not even begin to make any sense. The RV and the launching of the lower denoms will be a surprise for most.
Article Begins
ECONOMIST CALLS FOR THE CENTRAL BANK TO STIMULATE SAVINGS AND LOCALIZATION
BAGHDAD -
Called for a specialist in economic affairs Raad Twigg Iraqi Central Bank to stimulate and resettlement of savings among the public, returned the bank savings in Iraqi dinars to the public bond issue at interest rates lower than the interest rates of long-term part of the proposed economic solutions that represent solutions that work automatically in crises. Said Twigg in a press statement that "the bond issue in Iraqi dinar is one of the monetary policies that make public a tool of monetary policy tools, which in its importance makes the central bank has a control range in the demand for money and displayed"
As I will keep saying - the RV will be the result of the measures being taken for stabilization in areas of politics, the economy and investment opportunities. Most citizens do not even now the RV process is already in play. All they know is they are getting off the 3 zero notes and on to the US dollar. Many think they will be staying on the US dollar so why would they be protesting asking for the long awaited RV? Does not even begin to make any sense. The RV and the launching of the lower denoms will be a surprise for most.
Article Begins
ECONOMIST CALLS FOR THE CENTRAL BANK TO STIMULATE SAVINGS AND LOCALIZATION
BAGHDAD -
Called for a specialist in economic affairs Raad Twigg Iraqi Central Bank to stimulate and resettlement of savings among the public, returned the bank savings in Iraqi dinars to the public bond issue at interest rates lower than the interest rates of long-term part of the proposed economic solutions that represent solutions that work automatically in crises. Said Twigg in a press statement that "the bond issue in Iraqi dinar is one of the monetary policies that make public a tool of monetary policy tools, which in its importance makes the central bank has a control range in the demand for money and displayed"
He pointed out that "this process must be sustainable and not be limited in time of financial crisis, "noting that" this can increase the Savings awareness and then awareness of the bank, which would be an increase in rationalization consumer indirect and enrich the Iraqi market financial instruments and the possibility of the central bank to use this policy in withdrawals and pumping cash and drying part of monetary stability and reduced worker speculation. "Predicted Iraq's draft budget for next year in 2016, a deficit of 29.4 trillion dinars (25.81 billion dollars), which proposed the budget size of 113.5 trillion Iraqi dinars (99.65 billion dollars)
Article Ends
I will also say eventually the US dollar will be pulled off the streets when the new lower denoms dinar are issued. But the lower denoms dinar must be worth more than a US dollar to be successful. So much for the RV 90 cents debate. Would you hand in something worth more to get something of lesser value? At this point there must be a significant incentive for the people to get of the US dollar.
Now let’s get to the second question – How will Iraq increase the quality of the loans?
Oh – does the pending Investment law sound familiar. Oh- could this be the mechanism….lol…lol….I am being sarcastic since I know this is the mechanism.
So why is it taking so darn long to get this law implemented? We heard that last Tuesday 10/13 was a date set for a final vote. Now we are hearing that today could be the day yet I do not see it on parliament’s agenda.
Anyhow the told us the issues with the law are being worked out and we should expect to see it shortly. Seems each time they attend or sponsor an investment conference the aftermath is more amendments to the law. Is it now ready? I do not see any more of these conferences scheduled so maybe they are really done.
The article below is a good one if you want to know the hold up with this law and the details.
I quote from the article – “Parliamentary weights to vote in today's session”.
Article Begins
THE AMENDED INVESTMENT LAW, A MOVE TO STRENGTHEN THE ECONOMY
http://ift.tt/1LGEt8f
10/19/2015 0:00
Parliamentary weights to vote in today's session
BAGHDAD - Muhannad Abdul Wahab
counting members of the parliamentary Economic Committee that the vote on the amendments to the investment law, and approval would be a positive step in favor of the country as an economic way to attract investment and employment and strengthen the national economy and building a solid foundation master structures that need by the country, and it underlines the House of Representatives that the aim of the bill is to address some of the constraints shown by the practice when applying the law during the last period.
The Investment Law No. (13) of 2006 has been passed in the first electoral session of the House of Representatives. extensive discussions and saw stages of completion Project Second Amendment Act of Investment Law No. 13 of 2006, several meetings were marked by sharply discussions that have put the task of perceptions in terms of building ideas that will be effective and in the interest of the country and thus open up investment in the country's process and deal with it on the basis of flexibility.
A member of the Economic Committee Nora Albjara «The law passed several stages and extensive studies depending on the importance of the draft second amendment bill to the Investment Law No. 13 of 2006, in which the First Deputy Chairman of the House of Representatives Hamoudi in the meetings of the Committee hoped to vote on the draft second amendment law Investment Law No. (13) for the year 2006 in the House of Representatives session for next Monday. confirmed in a statement to «morning» that the House of Representatives completed the first and second of the second draft amendment to the Law Investment Law readings.
She «to that (27) deputies raised a number of views and proposals and claims when discussing the draft second amendment bill to the Investment Law No. 13 of 2006, was most notably the proposal to establish a department for planning within the Investment Authority and the inclusion of public sector investment as this will lead to the privatization will affect the economic situation and the labor and the need to have the House of Representatives the right to control the Investment Authority and limiting the mandate of the head of the investment of time and one without the extension and the adoption of specific timing for the selection of officials in the Investment Authority in order to get away from the resort to the appointment by proxy. amend laws in turn between a member of the Committee Knight Knight that the Presidium of the House of Representatives held (3) meetings in the presence of the committees of the economy, investment and financial
Alniabaten, and head of the investment and discussed at the meetings the second draft amendment to the law of investment and exited the new amendments to the investment law to reach the sober law that guarantees the rights of all and aims to promote and stimulate economic and human resources and the development of a practical mechanism for the development of investment in the country. He said in a statement «morning» that the Committee on Economy and Investment held its first international conference in order to contribute to the improvement and development of the investment environment in Iraq, in the presence of ministers as well as Arab and foreign investors, agents and ministries and heads of the national investment and Conference recommended overcoming the obstacles facing the application of the investment law.
He pointed out that the Chairman of the Committee of Economy and investment Jawad al-Bolani between the second amendment to the draft second amendment to the Law of Investment Law No. (13) of 2006 included five paragraphs President concerning «the developer and arbitration, financing and the development bank to support the investor and the establishment of the Iraqi investors Union» hosted the specialists for its part, he indicated a member of the Economic Committee Najiba Najib to that the economic and investment commission has made (4) hosted the was the first with the head of the National Investment Commission Sami al-Araji, to discuss the text of the Second Amendment to the Iraqi investment law, stressing that the Commission has introduced a series of radical law changes, which will be an important factor in the creation of excellent investment environment and meet the aspiration of all parties.
She drew Najib in a statement to «morning» that the summary Alastdavat was agreement on texts that will increase the size of the powers of the Iraqi ministries to invest its resources in the investment side, as well as to include the draft law some mechanisms applied for the first time, including arbitration and the Union of investors and an end to the problem of ownership of land and roads awarded Investment.
She said «that the economic and investment commission expanded seminar held within the seminars held by on the draft second amendment to the law of the Iraqi Investment Law No. series (13) of 2006, in the presence of investment circles managers in the Ministries of Agriculture, Defense, Construction and Housing, oil and devoted the seminar to discuss the issue of government land for projects allocation investment and the most important obstacles facing converted into land for investment, procedures and laws that stand in the way of turning them into investment land as the symposium discussed the material and legal paragraphs that hinder and prevent the government land allocated to investment.
completion of the Iraqi economy for his part said a researcher in political affairs and economic Rahim al-Shammari « that step vote on the draft amendment of the Investment Law completion of the Iraqi economy, came the time that passes by Iraq and the Middle East, economic and security crisis requires activation of agricultural and urban industrial sectors, which need to simplify regulatory procedures and laws. He Shammari in a statement to «the morning» an urgent need to amend the paragraphs of the current materials and the Investment Law No. 13 of 2006 and members of the economy and investment are involved in this way as an economic way to attract investment and operation of labor and strengthen the economy and build a solid foundation structures that are basic to the country needs.
Article Ends
What else is happening in Iraq?
We hear about more corruption exposed as they audit the second tier community banks for money laundering and found it in many.
We heard about the Iraqi authorities have called for the arrest of Trade Minister Mohammed Abdul Kareem and his brother following a corruption investigation, judicial spokesman Abdul-Sattar al-Birqdar said on Sunday. Two officials at the trade ministry's legal section said the minister faced charges related to accepting bribes, receiving illegal benefits, and misusing his position.
We heard about Abadi asking to remove old posters of Maliki in and around Baghdad. Of course the Maliki goons protested but it won’t make must difference. They will be removed. They claim he still holds political position as heading the Dowa party. This position too will soon be taken from Maliki.
It’s mid month already and still many salaries not yet paid. The protesting continues once again and is heating up.
Article Ends
I will also say eventually the US dollar will be pulled off the streets when the new lower denoms dinar are issued. But the lower denoms dinar must be worth more than a US dollar to be successful. So much for the RV 90 cents debate. Would you hand in something worth more to get something of lesser value? At this point there must be a significant incentive for the people to get of the US dollar.
Now let’s get to the second question – How will Iraq increase the quality of the loans?
Oh – does the pending Investment law sound familiar. Oh- could this be the mechanism….lol…lol….I am being sarcastic since I know this is the mechanism.
So why is it taking so darn long to get this law implemented? We heard that last Tuesday 10/13 was a date set for a final vote. Now we are hearing that today could be the day yet I do not see it on parliament’s agenda.
Anyhow the told us the issues with the law are being worked out and we should expect to see it shortly. Seems each time they attend or sponsor an investment conference the aftermath is more amendments to the law. Is it now ready? I do not see any more of these conferences scheduled so maybe they are really done.
The article below is a good one if you want to know the hold up with this law and the details.
I quote from the article – “Parliamentary weights to vote in today's session”.
Article Begins
THE AMENDED INVESTMENT LAW, A MOVE TO STRENGTHEN THE ECONOMY
http://ift.tt/1LGEt8f
10/19/2015 0:00
Parliamentary weights to vote in today's session
BAGHDAD - Muhannad Abdul Wahab
counting members of the parliamentary Economic Committee that the vote on the amendments to the investment law, and approval would be a positive step in favor of the country as an economic way to attract investment and employment and strengthen the national economy and building a solid foundation master structures that need by the country, and it underlines the House of Representatives that the aim of the bill is to address some of the constraints shown by the practice when applying the law during the last period.
The Investment Law No. (13) of 2006 has been passed in the first electoral session of the House of Representatives. extensive discussions and saw stages of completion Project Second Amendment Act of Investment Law No. 13 of 2006, several meetings were marked by sharply discussions that have put the task of perceptions in terms of building ideas that will be effective and in the interest of the country and thus open up investment in the country's process and deal with it on the basis of flexibility.
A member of the Economic Committee Nora Albjara «The law passed several stages and extensive studies depending on the importance of the draft second amendment bill to the Investment Law No. 13 of 2006, in which the First Deputy Chairman of the House of Representatives Hamoudi in the meetings of the Committee hoped to vote on the draft second amendment law Investment Law No. (13) for the year 2006 in the House of Representatives session for next Monday. confirmed in a statement to «morning» that the House of Representatives completed the first and second of the second draft amendment to the Law Investment Law readings.
She «to that (27) deputies raised a number of views and proposals and claims when discussing the draft second amendment bill to the Investment Law No. 13 of 2006, was most notably the proposal to establish a department for planning within the Investment Authority and the inclusion of public sector investment as this will lead to the privatization will affect the economic situation and the labor and the need to have the House of Representatives the right to control the Investment Authority and limiting the mandate of the head of the investment of time and one without the extension and the adoption of specific timing for the selection of officials in the Investment Authority in order to get away from the resort to the appointment by proxy. amend laws in turn between a member of the Committee Knight Knight that the Presidium of the House of Representatives held (3) meetings in the presence of the committees of the economy, investment and financial
Alniabaten, and head of the investment and discussed at the meetings the second draft amendment to the law of investment and exited the new amendments to the investment law to reach the sober law that guarantees the rights of all and aims to promote and stimulate economic and human resources and the development of a practical mechanism for the development of investment in the country. He said in a statement «morning» that the Committee on Economy and Investment held its first international conference in order to contribute to the improvement and development of the investment environment in Iraq, in the presence of ministers as well as Arab and foreign investors, agents and ministries and heads of the national investment and Conference recommended overcoming the obstacles facing the application of the investment law.
He pointed out that the Chairman of the Committee of Economy and investment Jawad al-Bolani between the second amendment to the draft second amendment to the Law of Investment Law No. (13) of 2006 included five paragraphs President concerning «the developer and arbitration, financing and the development bank to support the investor and the establishment of the Iraqi investors Union» hosted the specialists for its part, he indicated a member of the Economic Committee Najiba Najib to that the economic and investment commission has made (4) hosted the was the first with the head of the National Investment Commission Sami al-Araji, to discuss the text of the Second Amendment to the Iraqi investment law, stressing that the Commission has introduced a series of radical law changes, which will be an important factor in the creation of excellent investment environment and meet the aspiration of all parties.
She drew Najib in a statement to «morning» that the summary Alastdavat was agreement on texts that will increase the size of the powers of the Iraqi ministries to invest its resources in the investment side, as well as to include the draft law some mechanisms applied for the first time, including arbitration and the Union of investors and an end to the problem of ownership of land and roads awarded Investment.
She said «that the economic and investment commission expanded seminar held within the seminars held by on the draft second amendment to the law of the Iraqi Investment Law No. series (13) of 2006, in the presence of investment circles managers in the Ministries of Agriculture, Defense, Construction and Housing, oil and devoted the seminar to discuss the issue of government land for projects allocation investment and the most important obstacles facing converted into land for investment, procedures and laws that stand in the way of turning them into investment land as the symposium discussed the material and legal paragraphs that hinder and prevent the government land allocated to investment.
completion of the Iraqi economy for his part said a researcher in political affairs and economic Rahim al-Shammari « that step vote on the draft amendment of the Investment Law completion of the Iraqi economy, came the time that passes by Iraq and the Middle East, economic and security crisis requires activation of agricultural and urban industrial sectors, which need to simplify regulatory procedures and laws. He Shammari in a statement to «the morning» an urgent need to amend the paragraphs of the current materials and the Investment Law No. 13 of 2006 and members of the economy and investment are involved in this way as an economic way to attract investment and operation of labor and strengthen the economy and build a solid foundation structures that are basic to the country needs.
Article Ends
What else is happening in Iraq?
We hear about more corruption exposed as they audit the second tier community banks for money laundering and found it in many.
We heard about the Iraqi authorities have called for the arrest of Trade Minister Mohammed Abdul Kareem and his brother following a corruption investigation, judicial spokesman Abdul-Sattar al-Birqdar said on Sunday. Two officials at the trade ministry's legal section said the minister faced charges related to accepting bribes, receiving illegal benefits, and misusing his position.
We heard about Abadi asking to remove old posters of Maliki in and around Baghdad. Of course the Maliki goons protested but it won’t make must difference. They will be removed. They claim he still holds political position as heading the Dowa party. This position too will soon be taken from Maliki.
It’s mid month already and still many salaries not yet paid. The protesting continues once again and is heating up.
Update: 2016 Iraqi Budget
So another year has almost passed and still no RV. Yes, a new Iraqi budget and they did open the 2015 budget and did spend it and still no RV. I can assure you of this.
So where was the dependency on the RV to open and spend the 2015 budget? We all heard this nonsense from the intel gurus. I do not get it. Again just foolish rumors with no FACTUAL data to back it up. So let’s not go down this rabbit hole again for the 2016 budget…..please…..
What we should be concentrating on is whether there is a deficit and how they will fill the gaps. I believe they are attempting to align many events together and the 2016 budget passing parliament is one of them.
So the DRAFT 2016 budget is completed in the council of ministers and was passed on to the parliament today. They tell us it will take a 30 days to look it over and debate it. This brings us to late November…hint…hint…
We also know the Reconciliation Conference is not yet fully scheduled but they are talking about early December…hint..hint…
Article Begins
COM (council of ministers) APPROVED DRAFT FEDERAL BUDGET 2016
The Cabinet approves, in today's meeting, chaired by the Prime Minister, Dr. Haider Ubadi, Bill of the federal budget for the fiscal year 2016
http://ift.tt/1Lzicps
Article Ends
Article Begins
PARLIAMENTARY FINANCE: WE NEED 30 DAYS TO APPROVE THE 2016 BUDGET
02:44: 10/19/2015
Khandan - The parliamentary Finance Committee, the House of Representatives needs a month for the completion of the federal budget debate and approval before the end of the current legislative term.
Said committee member Abdul Qader Mohammed, said that "the Committee needed to 3 weeks for the completion of discussions the federal budget for 2016 and a week to put in the House of Representatives for a vote," adding that "the Council end of approving the budget within one month after receiving him that there were no objections great. "
Mohammed said that "the figures contained in the budget law after reducing the numbers of the draft before the Council of Ministers is acceptable and appropriate to the current situation on the sale of oil prices in the global markets."
The cabinet approved on Sunday, the federal budget for 2016 project at $ 106 trillion Iraqi dinars, the equivalent (90.9 billion) and a deficit of 23 trillion dinars, the equivalent of ($ 19.7 billion).
Article Ends
Till next time…. Auf Wiedersehen!
Peace and Luv To Ya All,
Mnt Goat
So another year has almost passed and still no RV. Yes, a new Iraqi budget and they did open the 2015 budget and did spend it and still no RV. I can assure you of this.
So where was the dependency on the RV to open and spend the 2015 budget? We all heard this nonsense from the intel gurus. I do not get it. Again just foolish rumors with no FACTUAL data to back it up. So let’s not go down this rabbit hole again for the 2016 budget…..please…..
What we should be concentrating on is whether there is a deficit and how they will fill the gaps. I believe they are attempting to align many events together and the 2016 budget passing parliament is one of them.
So the DRAFT 2016 budget is completed in the council of ministers and was passed on to the parliament today. They tell us it will take a 30 days to look it over and debate it. This brings us to late November…hint…hint…
We also know the Reconciliation Conference is not yet fully scheduled but they are talking about early December…hint..hint…
Article Begins
COM (council of ministers) APPROVED DRAFT FEDERAL BUDGET 2016
The Cabinet approves, in today's meeting, chaired by the Prime Minister, Dr. Haider Ubadi, Bill of the federal budget for the fiscal year 2016
http://ift.tt/1Lzicps
Article Ends
Article Begins
PARLIAMENTARY FINANCE: WE NEED 30 DAYS TO APPROVE THE 2016 BUDGET
02:44: 10/19/2015
Khandan - The parliamentary Finance Committee, the House of Representatives needs a month for the completion of the federal budget debate and approval before the end of the current legislative term.
Said committee member Abdul Qader Mohammed, said that "the Committee needed to 3 weeks for the completion of discussions the federal budget for 2016 and a week to put in the House of Representatives for a vote," adding that "the Council end of approving the budget within one month after receiving him that there were no objections great. "
Mohammed said that "the figures contained in the budget law after reducing the numbers of the draft before the Council of Ministers is acceptable and appropriate to the current situation on the sale of oil prices in the global markets."
The cabinet approved on Sunday, the federal budget for 2016 project at $ 106 trillion Iraqi dinars, the equivalent (90.9 billion) and a deficit of 23 trillion dinars, the equivalent of ($ 19.7 billion).
Article Ends
Till next time…. Auf Wiedersehen!
Peace and Luv To Ya All,
Mnt Goat
via Dinar Recaps - Our Blog http://ift.tt/1LGEvgg
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