DINAR UPDATES 4-8-16
Post From Dinar Updates
Chat Room Excerpts & Highlights
Dinar Updates Friday AM Chat 4-8-16 Part 2 of 3
msdiva says():So no need for Shabibi since hes 74 i had no idea he was that old
clay says to msdiva():would be a great advisor
msdiva says():oh well i guess the cbi is stuck with ali alak
clay says to msdiva():I just want them to increase their value globally
clay says to msdiva):then Iraq is history in my book
rcookie says():the imf told iraq when they were co-authoring the 2016 budget...and preparing the loi/mefp/tech mou that a big part of their fiscal program and commitment for 2016 was to be to provide non oil revenues in line with non oil expenditures....
they mandated iraq to collect 8.8 trillion in non oil revenues...of which only 1 trillion could come from the increase in wage taxes....that means they need to generate 7.8 trillion in non oil revenues.....here it is from imf loi...
~~~
Post From Dinar Updates
Chat Room Excerpts & Highlights
Dinar Updates Friday AM Chat 4-8-16 Part 2 of 3
msdiva says():So no need for Shabibi since hes 74 i had no idea he was that old
clay says to msdiva():would be a great advisor
msdiva says():oh well i guess the cbi is stuck with ali alak
clay says to msdiva():I just want them to increase their value globally
clay says to msdiva):then Iraq is history in my book
rcookie says():the imf told iraq when they were co-authoring the 2016 budget...and preparing the loi/mefp/tech mou that a big part of their fiscal program and commitment for 2016 was to be to provide non oil revenues in line with non oil expenditures....
they mandated iraq to collect 8.8 trillion in non oil revenues...of which only 1 trillion could come from the increase in wage taxes....that means they need to generate 7.8 trillion in non oil revenues.....here it is from imf loi...
~~~
collect at least ID 8.8 trillion (6.5 percent of non-oil GDP) in non-oil revenue, out of which ID 1 trillion from an increase in wage taxation; and
rcookie says():what is the main source of that 7.8 trillion non oil revenues.....
da58 says():State Department contracted with "Ikea Furniture" $ 80 million for the formation of Iraqi government
08/04/2016 13:28 pm (Baghdad time) BAGHDAD - balances News It announced that the US State Department, for its contract with an international company for furniture worth $ 80 million to form a new Iraqi government.
Said State Department spokesman spokesman John Kirby, according to a statement to the site "" duffelblog, that "his ministry managed to break the deadlock in the issue of forming a new Iraqi government raised porticoes of the Iraqi parliament, through a contract with Ikea Furniture Co., to cooperate in resolving the matter."
Kirby added that "the company will succeed the formation of this ministerial cabin after Abadi himself failed to be formed, according to a spokesman for the US State Department."
He stressed that "the Wikia Global Furniture Co. signed a contract worth $ 80 million to assemble or form a new Iraqi government , " adding that " the deal is worth this amount and that the topic has been consulted Jordan, Saudi Arabia, Turkey and Iran." Ended 29/42 g LINK
subgirl says to rcookie():(6.5 percent of non-oil GDP) in non-oil revenue, out of which ID 1 trillion from an increase in wage taxation; and
rcookie says():what......
angus says():tourism
subgirl says to rcookie():they are having taxes/tarriffs they are collecting...
subgirl says to rcookie():they are having investors coming in...
angus says():i just got not read yet so cut me some slack.... lol
clay01 says to subgirl():Ok, I'm back, what was that, they have to raise 7.8 trillion selling girl scout cookies, lol
rcookie says():no...the statement was about the doubts ans people challenging whether the 2010 customs tariffs were going to be implemented at beginning of the year...
rcookie says():and shouting that there was never a chance that they werent going to be implemented because they were mandated in the 2016 budget....and loi/mefp/tech mou....
rcookie says():there was not an option...
angus says():I was hoping for the rv yesterday for our anniversary of 32 years..... but rcookie would not see to it.... lol
rcookie says():boy...got something very interesting for later..
larrykn says to rcookie():it sure has :)
rcookie says to angus():({)
angus says to rcookie():it's your fault and you know it.... lol
angus says to rcookie():I am most greatful for all you bring to us.
rcookie says():was reading some of md nt from last night....
rcookie says():the bond auction coming on the 20th...are the 3rd in a series of 11......
VelmaF41 says():Rcookie - I agree with angus - I am grateful for everything you do for us
angus says to rcookie():sorry got you off track I am done
rcookie says():bonds brought up and nobody talking about being sold and traded on isx..........
clay01 says to rcookie():WHAT,
larrykn says to rcookie():those are the short term bonds right
clay01 says to rcookie():Today?
angus says to rcookie():just national ..... are they not
Scotzgirl says():How can they sell them on ISX if not internationally exchangeable?
rcookie says():nobody talking about iraqs major move to accept sba from imf......
clay01 says to rcookie():I thought I read they did accept
clay01 says to rcookie():for June
clay01 says to rcookie():or by June anyway
rcookie says():they are aligning to accept...and made their 1st major move in doing so...
clay01 says to rcookie():at this point, do they have a chioce
rcookie says to Scotzgirl():Securities forming committees to follow up mechanism of national bonds on the stock exchange
2016/04/05 (00:23 pm) - hits: 123 - number (3616)Baghdad/range press Discussed the Iraq market for securities, on Monday, with the Central Bank mechanism of government bonds in the Iraqi stock exchange, confirmed the formation of committees to follow up the matter.
Executive Director of the Iraq market for securities, Taha Ahmed Abdul Salam told the (term), "meeting the Central Bank building, was attended by Chairman of the Board of Governors and the Executive Director of the Iraq market for securities and Director General of debt management and staff of the Directorate of the Central Bank of Iraq", stating that "during the meeting to discuss the mechanism of trading Government bonds in Iraq market for securities.
Abdel Salam, said that "the meeting decided to be there for trading these bonds according to the mechanism of the Iraq market for securities, adding that" these bonds in Iraq market for securities would have a benefit for everyone. "
He said Abdel Salam, "the meeting decided to convene a technical meeting to complete the required procedures according to the requirements of electronic systems this week, saying" the formation of committees to follow up carefully. " LINK
http://ift.tt/1S2RDOQ
rcookie says to clay01():what do you mean they dont have a choice...
clay01 says to rcookie():If they want the help of IMF, don't they need to accept the SBA
Scotzgirl says():rcookie: I re-read it, unfortunately my comprehension and ability to decipher remains the same :(
rcookie says to clay01():they have earned the sba with their impeccable performance and compliance with the smp and loi/mefp/tech mou...
rcookie says to clay01():and they are further aligning toward their sba with a huge move they announced on monday...
clay01 says to rcookie():OK, I a little confused now, they have done the SBA, or just thinking about it
clay01 says to rcookie():so it appears to me they are going through with it then
rcookie says to clay01():no...they announced they were concluding the smp (staff monitored program) and making preparations for sba which will afford them $16 billion in loans ove next 3 years...
clay01 says to rcookie():oh, ok, got it
rcookie says to clay01():what they did on monday was 1st huge step in preparing for sba....
clay01 says to rcookie():thanks for clearing up
rcookie says to clay01():and everyone remeber what happened last time iraq was in sba with the imf..........
rcookie says to clay01():hmmmmmm.....
Scotzgirl says():Article 8
breakthrough82 says():Article 8 was my answer too Rcookie
rcookie says to Scotzgirl():tell her what shes won johnny!!!....
Scotzgirl says(9:12 AM):Woo Hoo!!!
lay01 says to rcookie():a brand new RV
rcookie says to breakthrough82():(y)
breakthrough82 says to rcookie():because you told us earlier :)
Scotzgirl says to subgirl():(y)
breakthrough82 says to rcookie():not sure what we would do without you! :)
rcookie says():but them revising the 2016 budget is huge!!!
breakthrough82 says to rcookie):I check in the morning for you, WMAWHITE and BGG posts. Thank you so much for helping us try to understand all of this adventure we are on with this investment! THANK YOU, THANK YOU, THANK YOU!
rcookie says to breakthrough82()::)
rcookie says():yvw!!...saw some comments that articles arent followed with explanations.....
clay01 says to rcookie():You do realize that even when articles are bought in that most of us in here have a hard time following the translation wording that they are in, most make no sense unless I read them about 10 times, so that is why most people do not bother reading news forum
clay01 says to rcookie():You can understand the language barrier better than most, so thank you for explaining
breakthrough82 says to clay01():I definitely depend on the teams interpretation of the translation of the articles for sure!!!!
rcookie says to clay01():yvw...
rcookie says():wow!!.......but to say that explanations...translations and insight to tie in relevance and alignment of topics and issues is not only inacurate...but simply crazy!!
rcookie says():everyone on this sight is important in following and figuring the news and actions ...and the questions are important because they lead to new perspectives and ideas....
rcookie says():all the researchers try to answer questions and tie in relevance and importance...
rcookie says to da58():now back to the ikea furniture you're selling...
da58 says():IKEA.. it's not bad stuff..
da58 says():Legal representative: the new ministerial cabin will pass regardless of the committees' decisions 8.4.2016
Baghdad} Euphrates News said the deputy head of the parliamentary legal committee Muhsin al-Sadoun, said that "the majority of the names of ministers presented by Prime Minister Haider al-Abadi will pass when brought to the House of Representatives, regardless of all the committees' decisions."
Saadoun and told {Euphrates News} Friday, that " the work of the committees is not a resident minister, but merely see the biography about the specialist committee with the ministry side , " noting that " the committees you can not refuse, Valrvd be under the Constitution in the parliament after the prime minister presents his ministers at the House of Representatives. "
He added that" the prime minister does not take into account the decisions of thecommittees , "pointing out that" all initiatives are welcome, but must remember thelast package when there were popular protests and large sit - ins inside the country. " it is
noteworthy to Prime Minister Haider al - Abadi handed over the presidency of theHouse of Representatives during hosted last March 31 session, the ministerial lineup is composed of 16 ministers, which included merging some ministries, while the excluded and the interior and defense ministries of the amendment {time} present. Ended h http://ift.tt/1VdBla3; bad link
rcookie says():what is the main source of that 7.8 trillion non oil revenues.....
da58 says():State Department contracted with "Ikea Furniture" $ 80 million for the formation of Iraqi government
08/04/2016 13:28 pm (Baghdad time) BAGHDAD - balances News It announced that the US State Department, for its contract with an international company for furniture worth $ 80 million to form a new Iraqi government.
Said State Department spokesman spokesman John Kirby, according to a statement to the site "" duffelblog, that "his ministry managed to break the deadlock in the issue of forming a new Iraqi government raised porticoes of the Iraqi parliament, through a contract with Ikea Furniture Co., to cooperate in resolving the matter."
Kirby added that "the company will succeed the formation of this ministerial cabin after Abadi himself failed to be formed, according to a spokesman for the US State Department."
He stressed that "the Wikia Global Furniture Co. signed a contract worth $ 80 million to assemble or form a new Iraqi government , " adding that " the deal is worth this amount and that the topic has been consulted Jordan, Saudi Arabia, Turkey and Iran." Ended 29/42 g LINK
subgirl says to rcookie():(6.5 percent of non-oil GDP) in non-oil revenue, out of which ID 1 trillion from an increase in wage taxation; and
rcookie says():what......
angus says():tourism
subgirl says to rcookie():they are having taxes/tarriffs they are collecting...
subgirl says to rcookie():they are having investors coming in...
angus says():i just got not read yet so cut me some slack.... lol
clay01 says to subgirl():Ok, I'm back, what was that, they have to raise 7.8 trillion selling girl scout cookies, lol
rcookie says():no...the statement was about the doubts ans people challenging whether the 2010 customs tariffs were going to be implemented at beginning of the year...
rcookie says():and shouting that there was never a chance that they werent going to be implemented because they were mandated in the 2016 budget....and loi/mefp/tech mou....
rcookie says():there was not an option...
angus says():I was hoping for the rv yesterday for our anniversary of 32 years..... but rcookie would not see to it.... lol
rcookie says():boy...got something very interesting for later..
larrykn says to rcookie():it sure has :)
rcookie says to angus():({)
angus says to rcookie():it's your fault and you know it.... lol
angus says to rcookie():I am most greatful for all you bring to us.
rcookie says():was reading some of md nt from last night....
rcookie says():the bond auction coming on the 20th...are the 3rd in a series of 11......
VelmaF41 says():Rcookie - I agree with angus - I am grateful for everything you do for us
angus says to rcookie():sorry got you off track I am done
rcookie says():bonds brought up and nobody talking about being sold and traded on isx..........
clay01 says to rcookie():WHAT,
larrykn says to rcookie():those are the short term bonds right
clay01 says to rcookie():Today?
angus says to rcookie():just national ..... are they not
Scotzgirl says():How can they sell them on ISX if not internationally exchangeable?
rcookie says():nobody talking about iraqs major move to accept sba from imf......
clay01 says to rcookie():I thought I read they did accept
clay01 says to rcookie():for June
clay01 says to rcookie():or by June anyway
rcookie says():they are aligning to accept...and made their 1st major move in doing so...
clay01 says to rcookie():at this point, do they have a chioce
rcookie says to Scotzgirl():Securities forming committees to follow up mechanism of national bonds on the stock exchange
2016/04/05 (00:23 pm) - hits: 123 - number (3616)Baghdad/range press Discussed the Iraq market for securities, on Monday, with the Central Bank mechanism of government bonds in the Iraqi stock exchange, confirmed the formation of committees to follow up the matter.
Executive Director of the Iraq market for securities, Taha Ahmed Abdul Salam told the (term), "meeting the Central Bank building, was attended by Chairman of the Board of Governors and the Executive Director of the Iraq market for securities and Director General of debt management and staff of the Directorate of the Central Bank of Iraq", stating that "during the meeting to discuss the mechanism of trading Government bonds in Iraq market for securities.
Abdel Salam, said that "the meeting decided to be there for trading these bonds according to the mechanism of the Iraq market for securities, adding that" these bonds in Iraq market for securities would have a benefit for everyone. "
He said Abdel Salam, "the meeting decided to convene a technical meeting to complete the required procedures according to the requirements of electronic systems this week, saying" the formation of committees to follow up carefully. " LINK
http://ift.tt/1S2RDOQ
rcookie says to clay01():what do you mean they dont have a choice...
clay01 says to rcookie():If they want the help of IMF, don't they need to accept the SBA
Scotzgirl says():rcookie: I re-read it, unfortunately my comprehension and ability to decipher remains the same :(
rcookie says to clay01():they have earned the sba with their impeccable performance and compliance with the smp and loi/mefp/tech mou...
rcookie says to clay01():and they are further aligning toward their sba with a huge move they announced on monday...
clay01 says to rcookie():OK, I a little confused now, they have done the SBA, or just thinking about it
clay01 says to rcookie():so it appears to me they are going through with it then
rcookie says to clay01():no...they announced they were concluding the smp (staff monitored program) and making preparations for sba which will afford them $16 billion in loans ove next 3 years...
clay01 says to rcookie():oh, ok, got it
rcookie says to clay01():what they did on monday was 1st huge step in preparing for sba....
clay01 says to rcookie():thanks for clearing up
rcookie says to clay01():and everyone remeber what happened last time iraq was in sba with the imf..........
rcookie says to clay01():hmmmmmm.....
Scotzgirl says():Article 8
breakthrough82 says():Article 8 was my answer too Rcookie
rcookie says to Scotzgirl():tell her what shes won johnny!!!....
Scotzgirl says(9:12 AM):Woo Hoo!!!
lay01 says to rcookie():a brand new RV
rcookie says to breakthrough82():(y)
breakthrough82 says to rcookie():because you told us earlier :)
Scotzgirl says to subgirl():(y)
breakthrough82 says to rcookie():not sure what we would do without you! :)
rcookie says():but them revising the 2016 budget is huge!!!
breakthrough82 says to rcookie):I check in the morning for you, WMAWHITE and BGG posts. Thank you so much for helping us try to understand all of this adventure we are on with this investment! THANK YOU, THANK YOU, THANK YOU!
rcookie says to breakthrough82()::)
rcookie says():yvw!!...saw some comments that articles arent followed with explanations.....
clay01 says to rcookie():You do realize that even when articles are bought in that most of us in here have a hard time following the translation wording that they are in, most make no sense unless I read them about 10 times, so that is why most people do not bother reading news forum
clay01 says to rcookie():You can understand the language barrier better than most, so thank you for explaining
breakthrough82 says to clay01():I definitely depend on the teams interpretation of the translation of the articles for sure!!!!
rcookie says to clay01():yvw...
rcookie says():wow!!.......but to say that explanations...translations and insight to tie in relevance and alignment of topics and issues is not only inacurate...but simply crazy!!
rcookie says():everyone on this sight is important in following and figuring the news and actions ...and the questions are important because they lead to new perspectives and ideas....
rcookie says():all the researchers try to answer questions and tie in relevance and importance...
rcookie says to da58():now back to the ikea furniture you're selling...
da58 says():IKEA.. it's not bad stuff..
da58 says():Legal representative: the new ministerial cabin will pass regardless of the committees' decisions 8.4.2016
Baghdad} Euphrates News said the deputy head of the parliamentary legal committee Muhsin al-Sadoun, said that "the majority of the names of ministers presented by Prime Minister Haider al-Abadi will pass when brought to the House of Representatives, regardless of all the committees' decisions."
Saadoun and told {Euphrates News} Friday, that " the work of the committees is not a resident minister, but merely see the biography about the specialist committee with the ministry side , " noting that " the committees you can not refuse, Valrvd be under the Constitution in the parliament after the prime minister presents his ministers at the House of Representatives. "
He added that" the prime minister does not take into account the decisions of thecommittees , "pointing out that" all initiatives are welcome, but must remember thelast package when there were popular protests and large sit - ins inside the country. " it is
noteworthy to Prime Minister Haider al - Abadi handed over the presidency of theHouse of Representatives during hosted last March 31 session, the ministerial lineup is composed of 16 ministers, which included merging some ministries, while the excluded and the interior and defense ministries of the amendment {time} present. Ended h http://ift.tt/1VdBla3; bad link
rcookie says():here i will repost....
rcookie says():anyone not know that iraq had previously accepted article viii obligations...and found to be in breach of section 5....
da58 says to rcookie():wow.. never knew that
clay says to rcookie():well that aint good
rcookie says to clay():?????
Woodywoodpecker says():shooting at Lackland Air Force base...one dead so far.
Woodywoodpecker says( 2 now
subgirl says to Woodywoodpecker():oh WOW
rcookie says():THIS IS AN IMF PRESS RELEASE FROM 2013 THAT OUTLINES A BREACH OF OBLIGATIONS UNDER ARTICLE VIII...AND IT DEALS WITH SECTION 5
rcookie says():IMF Executive Board Reviews Noncomplying Purchase by Iraq and Breach of Obligations Under Article VIII, Section 5Press Release No. 13/464 November 21, 2013
clay says to Woodywoodpecker():oh no
clay says to rcookie():so is it corrected now
clay says to rcookie():section 5
rcookie says():so their last sba was approved feb 2010 3.63 billion and expired feb 2013....
rcookie says():so they were under review period during sba
rcookie says():As the authorities have taken appropriate corrective measures since the purchase in March 2011, the Executive Board granted a waiver for the nonobservance of one continuous performance criterion (PC) and determined that no further remedial action is required in connection with its obligation to provide information under Article VIII, Section 5.
clay says():so all is good now?
rcookie says():yes....
rcookie says():anyone not know that iraq had previously accepted article viii obligations...and found to be in breach of section 5....
da58 says to rcookie():wow.. never knew that
clay says to rcookie():well that aint good
rcookie says to clay():?????
Woodywoodpecker says():shooting at Lackland Air Force base...one dead so far.
Woodywoodpecker says( 2 now
subgirl says to Woodywoodpecker():oh WOW
rcookie says():THIS IS AN IMF PRESS RELEASE FROM 2013 THAT OUTLINES A BREACH OF OBLIGATIONS UNDER ARTICLE VIII...AND IT DEALS WITH SECTION 5
rcookie says():IMF Executive Board Reviews Noncomplying Purchase by Iraq and Breach of Obligations Under Article VIII, Section 5Press Release No. 13/464 November 21, 2013
clay says to Woodywoodpecker():oh no
clay says to rcookie():so is it corrected now
clay says to rcookie():section 5
rcookie says():so their last sba was approved feb 2010 3.63 billion and expired feb 2013....
rcookie says():so they were under review period during sba
rcookie says():As the authorities have taken appropriate corrective measures since the purchase in March 2011, the Executive Board granted a waiver for the nonobservance of one continuous performance criterion (PC) and determined that no further remedial action is required in connection with its obligation to provide information under Article VIII, Section 5.
clay says():so all is good now?
rcookie says():yes....
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