Wealthwatch Sat / Sun Chat 12-20-15 Part 1 of 2

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Wealthwatch   Sat / Sun  Chat 12-20-15   Part 1 of 2
 
rocknrollbus: Forex at 1,100
Donnie: only 1,099 to go!!!! YEAH
 
Donnie: Iraq Live Update ‏@IraqLiveUpdate 14m14 minutes ago #BREAKING Turkey begin withdrawing forces from North #Iraq Details: TBC
 
chattels: The worrying potential of a 'Tet-like' ISIS offensive wealthwatch.world/showthr...
 
chattels: good evening all
 
chattels: Badr block: There are a US scheme to divide the country and is not serious with the support of security forces http://ift.tt/1LEwWYk...
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chattels: Unfortunately too many Iraqi perceive America's role in this way.
 
chattels: "The Presidency of the Republic to ratify the general budget for the 2016 law during the next few days, while ruled that the law remains without authentication President of the Republic until the end of the 15 day period prescribed by the Constitution."
 
chattels: " ................. announced the parliamentary finance committee member Masood Haider, Thursday, that the general budget for the 2016 law voted by parliament in its session yesterday, the President of the Republic will be approved in the next few days."
 
chattels: Article 73: Iraqi Constitution - The President of the Republic shall assume the following powers: Third: To ratify and issue the laws enacted by the Council of Representatives. Such laws are considered ratified after fifteen days from the date of receipt by the President.
 
chattels: Article 129: Iraqi Constituion - Laws shall be published in the Official Gazette and shall take effect on the date of their publication, unless stipulated otherwise.
 
chattels: http://ift.tt/1ehROX2....
http://ift.tt/1auf3KX
 
chattels: Saturday, December 19, 2015 U.S. INSTITUTE OF PEACE VIDEO: Roundtable On Iraq's Upheaval

​chattels: musingsoniraq.blogspot.co...
http://ift.tt/1QDLN7W
 
chattels: Joel Wing ‏@JoelWing2 3h3 hours ago PM Abadi trying to use Ayatollah Sistani to create his own constituency musingsoniraq.blogspot.co... …
http://ift.tt/1QDLN7W
 
chattels: Joel Wing ‏@JoelWing2 3h3 hours ago Sunnis still struggling to come up with a unified leadership in Iraq musingsoniraq.blogspot.co... …
http://ift.tt/1QDLN7W
 
chattels: Joel Wing ‏@JoelWing2 3h3 hours ago Militarization of Iraqi society near term threat to country musingsoniraq.blogspot.co... …
http://ift.tt/1QDLN7W
 
 chattels: Joel Wing ‏@JoelWing2 3h3 hours ago Iraq minority leaders are at a loss on how to deal with displacement & war right now musingsoniraq.blogspot.co... …
http://ift.tt/1QDLN7W
 
chattels: Kurdistan’s Political Armies: The Challenge of Unifying the Peshmerga Forces MARIO FUMERTON, WLADIMIR VAN WILGENBURG The issue of unifying Kurdish military forces has been on the Kurdish region’s public agenda since 1991. Seventeen years later, the various peshmerga forces remain divided along partisan lines. wealthwatch.world/showthr.  http://ift.tt/1TbgaR3
                                                           
 
chattels: Courtesy of sczin11 .................................
 
chattels: MARKET RATE FOR THURSDAY DECEMBER 17 WAS POSTED THIS MORNING- 1214 SUNDAY DECEMBER 20 CURRENCY AUCTIONS
 
Currency AuctionsAnnouncement No. (3098)The opening offers the sale and purchase of foreign currency in the window of the Central Bank of Iraq on 20/12/2015 and the results were as follows:
 
DETAILS NOTES Number of banks 26 Number of remittance companies 16 Auction price selling dinar / US$ 1182 Auction price buying dinar / US$ ----- Amount sold at auction price (US$) 161,325,220 Amount purchased at Auction price (US$) ----- Total offers for buying (US$) 161,325,220 Total offers for selling (US$) -----MARKET RATE ..... 1220   chattels: wealthwatch.world/showthr...   http://ift.tt/1QDLN7X
 
 
chattels: One might say that the " magic " seems to be wearing off, :)
 
chattels: If the IMF is in such absolute control then it appears to be as ineffectual as Iraq's Central Bank
 
Doug_W: how ya doin "C" ?
 
Donnie: International Reserves Have Fallen 6.52 % Since 8-1-14
 
Donnie: In the last fifteen months, from August 1, 2104 to November 27, 2015, International Reserves, as calculated by Bloomberg, have fallen three-quarters of a trillion ($752 billion) dollars, or 6.52%.
 
Donnie: http://ift.tt/1BNbnBC...
http://ift.tt/1ODq2PD
 
 
chattels: " We hear now and with great regret, some figures which show its opposition and its intention to push for re-vote on some of the budget law materials or submission of appeals before the Federal Court, .............."
 
chattels: " In any case, it would adversely affect the situation in Iraq General private and government, especially since everyone knows that the budget for this pro forma year like its predecessor [2015], that is, that the spending or the launch of PROFILE will be increased by 1/12 of any monthly basis and by imports of the Iraqi state for that month or the previous year from the sale of oil. "
 
chattels: " ............. the budget for this pro forma year like its predecessor [2015], ..........."
 
chattels: wealthwatch.world/newrepl...
http://ift.tt/1HXDSQe
 
 
chattels: I interpret " pro forma " to mean that spending will be limited by revenues realized or based upon a very narrow " window " of performance.
 
chattels: The budget will be " executed " very close to the vest so to speak.
 
chattels: " ............ that the financial budget for 2016 and realistic austerity and free from investment aspects, ............"

 
chattels: "the budget is not commensurate with the investment project size and this is because of the lack of revenue because it is barely sufficient operational side, where there are a lot of expenses, including staff salaries and the requirements of the popular crowd."
 
chattels: " austerity budget and realistic in line with reality ", he said, adding that " the foreign loans are not able to bridge the deficit. "
 
chattels: The Article IX / I of the budget law: [specify the share of the Kurdistan region of 17% of the total actual expenditures are paid from the Federal Ministry of Finance and the consent of the Prime Minister]. and set this share according to the oil agreement between Baghdad and Erbil, which required the province to hand over 550 000 barrels per day of production [250 000 barrels and production of Kirkuk [300 000 barrels in exchange for payment of its share of the budget by 17%.
 
She explained the second paragraph of the same article that this percentage is of the total actual spending [current expenditures and expenses of the investment projects] federal budget after excluding expenses sovereign them.
 
chattels: " ........... 17% ...................... after excluding expenses sovereign them."
 
chattels: wealthwatch.world/showthr...
http://ift.tt/1TbgcbB

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