Excerpts & Highlights
tman23 says(): ERBIL, Kurdistan Region – With an estimated $130 billion in external debt as of December 2015, Iraq’s economy will likely see further stagnation this year after plunging oil prices crippled its finances last year, according to government aides in Baghdad.
Advisers to Prime Minister Haidar al-Abadi told Rudaw the central government finds it increasingly difficult to pay the over $4 billion monthly wages to state employees without a “significant rise in oil prices” in the months ahead.“We may not be able to pay full salaries in April this year, if the revenues remain low,” ……
tman23 says(): The KRG owes an estimated $15 billion in external debts, according to Kurdish lawmaker Firsat Sofi, who also estimated the regional government had $4 billion in national loans.
The Iraqi central government has so far been able to pay monthly wages to its employees, in part because it has had access to its $78 billion international reserve assets.
According to the International Monetary Fund (IMF) the country’s reserves have fallen to $66 billion since the end of 2013.The government has borrowed relatively small amounts of cash in 2014 and 2015 when millions of people were displaced following an ISIS offensive.
Finance Minister Hoshyar Zebari told Rudaw last month the country had managed its salaries with an external loan of nearly $12 billion.
tman23 says(): 78 billion international reserve assets……..Zebari says they were avle to pay salaries because they borrowed 12 billion in external loans……
IMF says country reserves have fallen to 66 billion……78 billion minus 12 billion equals 66 billion…….Which all indicates that they are living off of the CBI reserves…….So why speak of needing a law in Parliment to borrow from the CBI……looks like they have been doing it all along
clay says to tman23(): makes sense
jarhead says to clay(): shup u just as confused as the rest of us lol
clay says to tman23(): seems as if they are going to eat up the reserves
clay says to jarhead(): 4 sure lol
tman23 says to clay(): They had an article that said they would support the government for 6 months which may take the reserves down to 35 billion…….so that is equal to 4 billion per month to make up the GOI shortfall……….. and the CBI said if the reserves went to 35 billion they would then devalue the IQD…….
clay says to tman23(): wow
clay says to tman23(): not good IMO
jarhead says(): sounds smart
Pablo says(): Seems like they want to do everything except the one thing they need to do.
clay says to Pablo(): it sure does
Pablo says(): Crazy!!!
clay says to Pablo(): or is it smoke who knows
wmawhite says to Pablo(): The reason they are doing all of this “other stuff” is because the CBI in conjunction with the IMF are preparing to enter the economic markets. So, yes. They do want to do all the other stuff…..but they are doing them because of what the IMF told us previously.
mudder says(): Reading the articles one has to assume this information is coming from the Kurds… The Kurds have never had nothing nice to say about the GOI…
They may have the right to, however they have always said WHAT ABOUT ME and always threaten to walk…. IMO you give the Kurds the world and they still wouldn’t be happy….
tman23 says to clay(): From everything they have done and not implemented regarding laws……The Abadi reshuffle appears as equal to rearranging the deck chairs on the Titanic while it is sinking……. The Supreme Religous Leader Sistani calling for a replacement to Abadi sure isn’t smoke….
Pablo says to wmawhite(): Isn’t burining through the reserves a bad idea?
wmawhite says(): Something else, folks. Many members of parliament do not get the “big picture” when it comes to long term strategy and competing on the world economic stage.
Then ther are others that get part of the “big picture”, while are very small number are actually involved in this actually process. And believe me…….that small number ignore the “drunks in the stands.”
wmawhite says to Pablo(): And the IMF told you, me and the world what will stop that………what was it?
clay says to tman23(): saw that he needs to wake up or get booted clay says to wmawhite(): thnaks
clay says to wmawhite(): by June clay says to wmawhite(): but does that include rv
clay says to wmawhite(): or realistic rate clay says to wmawhite(): whatever that may be
wmawhite says to Pablo(): The move away from Multiple Currency Practice (MCPs).
wmawhite says(): Folks…….honestly…you ought to drop the term RV…………….concentrate on what will bring the change in the value of the IQD….and that was told to you by the IMF.
clay says to wmawhite(): or are we assuming that
wmawhite says(): Folks……..if you had to start buying and selling outside of the USA using your own money and you had to use $1182.00 each time you purchased one small item that would normally cost $1, wouldn’t you start using your money smarter?
wmawhite says(): If you had 91 tons of gold and 100s of years of natural assets……wouldn’t you arrange deals with other countrys so that you would not have to pay $1182 for thet $1 item? Instead, you would explain how you were more valuable and your one dollar was worth much more.
wmawhite says(): This is what will take place when Iraq enters the economy market.
clay says to wmawhite(): (y) thanks again
wmawhite says(): yw
Wyomingbill says(): I still believe when we have enough control over Isis in Mosul we will have an RV, and that can be anytime in the next few weeks
subgirl says to clay(): OK
Hecht says(): There is a build up of troops into Japan now that are going onto Iraq in the near future. Niece’s son is in Japan now. Although Genel & Gulf Keystone are getting paid for Kurdistan oil going through Turkey. Mosul needs to be cleared out..
jarhead says(): as ive said u send 500 marines without alchohol or a girlfrieng it’ll get cleared out quickly!
tman23 says(): The opinion was that Iraq needed a stable government to revalue it’s currency……
Sistani just called for the replacement of Abadi which only shows that the Supreme Leader has lost confidence in Abadi…….. A citizen uprise against the government is not favorable…….
The talk of not being able to meet salaries come April is not favorable……. This is not to say that Abadi doesn’t have the plan in motion to revaluation……or the IMF for that fact……….
BUT Sistani has spoken and now they don’t have time to play or delay…….That goes for both Abadi and the IMF if a revaluation is truely in the plans……
Pablo says to wmawhite(): Iraq people are getting impatient.
jarhead says(): so am i
wmawhite says(): It has been known through the history of this country…….these two phrases always went together:…….”the Marines have landed”…….”everything is now under control.” Fact…..plain and simple fact.
tman23 says(): I am sure the citizens of Iraq are thrilled that one of their country men were able to purchase the most expensive house in the world……..and the sitting government replies with……taxes, tariffs, salary cuts and spoiled rations…….
wmawhite says to Pablo(): that still has nothing to do with the process that the IMF, CBI and GOI are following…………the heart patient laying on the table with his chest cut open might be impatient, but the surgeon has a process to follow. Or maybe the surgeon should stop what he is doing because the patient is in a hurry.
larrykn says(): your right wmawhite there is a plan that needs to be followed and that is what they are doing, as we see this is moving forward not backwards so all we can do is watch and wait , our time is a coming
wmawhite says(): In the beginning was the word, and the word was God. In the beginning was God and all else was darkness and void, and without form, so God created the heavens and the earth.
He created the sun and the moon, and the stars, so that light might pierce the darkness. The Earth, God divided between the land and the sea and these He filled with many assorted creatures.
wmawhite says(): And the dark, salty, slimy creatures that inhabited the murky depths of the oceans, God called sailors. And he dressed them accordingly. They had little trousers that looked like bells at the bottom. And their shirts had cute little flaps on them, and they wore funny looking hats.
He gave them long sideburns and beards, nicknamed them “squids”, and banished them to a lifetime at sea, so normal folks would not have to associate with them. To further identify these unloved creatures, He called them “petty” and “commodore” instead of titles worthy of red-blooded men.
wmawhite says(): And the flaky creatures of the land, God called soldiers. And with a twinkle in His eye, and a sense of humor only He can have, God made their trousers too short and their covers too large. He also made their pockets oversized, so that they may warm their hands.
And to adorn their uniforms, God gave them badges in quantities only a dime store owner could appreciate. And he gave them emblems and crests and all sorts of shiny things that glittered, and devices that dangled. (When you are God you tend to get carried away.)
wmawhite says(): On the 6th day, God thought about creating some air creatures for which he designed a Greyhound bus driver’s uniform. He discarded this idea during the first week, and it was not until years later that some apostles resurrected this theme and established what we now know as the “wild blue yonder wonders”.
wmawhite says(): And on the 7th day, as you know, God rested. But on the 8th day, at 0530, God looked down upon Earth and was not happy. God was just not happy! So He thought about His labors, and in His divine wisdom, God created a divine creature. And this He called Marine.
And the Marines, who God created in His own image, were to be of the air, and of the land, and of the sea. And these He gave many wonderful uniforms. some were green, and some were blue with red trim.
wmawhite says): And in the early days, some were even a beautiful tan. He gave them practical fighting uniforms, so they could wage war against the forces of Satan and the evil.
He gave them service uniforms for their daily work and training. And He gave them evening and dress uniforms…..sharp and stylish, handsome things, so they may promenade with their ladies on Saturday night and impress everybody. He also gave them swords, so that people who were not impressed could be dealt with accordingly.
wmawhite says(): And at the end of the 8th day, God looked down upon the Earth and saw that it was good. But was God happy? No! God was still not happy.
Because in the course of his labors, He had forgotten one thing. He did not have a Marine uniform for himself. But He thought about it, and thought about it, and finally satisfied Himself in knowing that, well…………………..not everybody can be a MARINE!!!
sagecanyon8 says(): Love that wmawhite! Thank You! And Thank You Marines!!
wmawhite says(): Fact folks,………..just plain and simple FACT!!!!
jarhead says(): AMEN
wmawhite says(): Remember, the last four lines of the Marine Corps Hymn is: If the Army and the Navy Ever look on Heaven’s scenes, They will find the streets are guarded By United States Marines.
wmawhite says(): And,………………….those streets are of what? Gold.
quicktolegit96 says(): SF IS ARMY AND SEALS ARE NAVY (lol)
rcookie says(): The most prominent economic expert explains the benefits of e-dinar project
Date: 02/02/2016 19:02 Information / special / .. Said Basil al-Obeidi, an economist for the main advantages of e-dinar project to be established by the Central Bank of Iraq, as pointed out that the project will enable the citizens to pay debts discharged electronically.
He said al-Obeidi told / information / The “e-dinar project is a small device resembling his job ironing Card will be used in service departments that charge fees for citizens to issue their transactions,”
noting that “the project will address pay back the money sent by the official circles to banking problems Government through the electronic balances, rather than the treasurer, as well as an end to corruption and administrative operations by falsifying some transactions. ”
Read More :http://www.dinarupdates.com/showthre…107#post144107 LINK
rcookie says(): “The e-dinar project will enable citizens to repay discharged from wages for the service by sending them circles by their electronic devices without the need for Korsdh because of what those circles.”
Said Governor of the Central Bank on the Keywords Monday, the bank’s intention to launch a project to facilitate e-dinar payment collection service and the provision of economic and material to facilitate liquidity management. Finished / 25’s
http://translate.googleusercontent.c…zjkjepD7qfpF8g LINK
Read More :http://www.dinarupdates.com/showthre…107#post144107 LINK
rcookie says(): Cabinet agrees to pay 50 billion dinars per month to the Ministry of Oil
Date: 02/02/2016 16:11 Information / BAGHDAD / .. The Cabinet approved on Tuesday, to pay 50 billion dinars monthly allocations of the Ministry of Electricity, to the Ministry of Oil to buy fuel for the plant to produce electricity.
The council said in a statement received by the agency / information / copy of it, that “the Council of Ministers was held today, chaired by its Haider al-Abadi.”
The statement added, “The Board approved the establishment of the Ministry of Finance to pay the amount of $ Khmson billion dinars a month to the Ministry of Oil of the Ministry of Electricity allocations in the federal budget for the year 2016 (for the purchase of fuel for power plants produce), and an amount of one billion Iraqi dinars per month wages transfer fuel stations mentioned as of the beginning of this year. ”
Read More :http://www.dinarupdates.com/showthre…billion-dinars
http://www.dinarupdates.com/showthread.php?29415-Cabinet-agrees-to-pay-50-billion-dinars
rcookie says(): He explained, “The Council of Ministers also decided to approve the adoption of the recommendation of the Committee on Energy No. (1) of Bgelsthe (17) in the ninth of the month of November last, to invest in high-pressure power transmission networks.” Finished / 25 Q
http://translate.googleusercontent.c…XfgvJ0ANxCX8Ow LINK
Read More :http://www.dinarupdates.com/showthre…108#post144108 LINK
rcookie says(): OIL LOSES FOR 2ND DAY IN ROW..CLOSES IN IRAQ UNDER $33….
jarhead says(): ugg
rcookie says(): ONE OF THE LAWS BEING LOOKED AT (VOTED ON)… IN PARLIAMENT TODAY IS THE DEFENSE UNIVERSITY MILITARY STUDIES LAW…
WHICH DEALS WITH PROGRAMS OFFERED AT ARMY WAR COLLEGE GLOBAL EDUCATIONAL PROGRAM…
IN BAGHDAD…WHICH HAS A SECTION CALLED “IRAQS CENTER FOR MILITARY VALUES AND PRINCIPLES”
WHICH FOCUSES IRAQI MILITARY OFFICERS ON “HUMANITARIAN LAW”…
AND HAS MOU’S WITH THE INTERNATIONAL COMMITTEE OF THE RED CROSS
AND THE NATIONAL SUPREME COMMISSION FOR INTERNATIONAL HUMANITARIAN LAW…
AND IMPLEMENT ITS CULTURE & PRACTICES TO THE FIELD OF IRAQI ARMED FORCES…
PROTECT & SAFEGUARD INDIVIDUALS OPERATING IN MILITARY ZONES & OPERATIONS…STUDY OF THE 4 GENEVA CONVENTIONS…& 1ST AND 2ND PROTOCOLS…
rcookie says(): Besides the principles of values, military principles, psychological warfare and how to boost fighters’ morale, they also learned methods of distinction and balance in noninternational conflicts and combat.”
Participants learned how to put forth plans to protect and handle noncombatants during conflict.
rcookie says(): “The center has prepared a training program with specific terms and standards for spreading the culture of international humanitarian law in accordance with international standards.
This will be put into effect upon completion of the officers’ training at the International Humanitarian Institute. It will then be presented to the authorities to obtain the proper approvals. Once this is achieved, it will be included in the Military Training Memorandum for the next phase.
The largest possible number of officers will then be trained on this law. Thus, they will contribute to an important part of Iraq’s fulfillment of its international commitments to conduct training on this international humanitarian law.”
rcookie says(): OK…..ANOTHER LAW ON PARLIAMENTS AGENDA TODAY IS CALLED “Law on Commercial Agency No. 51 of 2000 Act”…WHICH DOESNT SOUND ALL TOO EXCITING UNTIL YOU READ WHAT ITS ABOUT………HERE IS THE LINK….PLEASE READ!!!
THIS IS HUGE…AND FLEW UNDER RADAR WITH EXPECTATIONS OF PARLIAMENT ADDRESSING SOME OF THE OTHER LAWS THAT ARE CUED UP LIKE AMNESTY..FEDERAL COURT…
AND CONSCRIPTION LAW WHICH WE NOW KNOW WILL REPLACE NATIONAL GUARD LAW…THIS IS HUGE!!!…I THINK BIGGEST NEWS OF THE DAY!!……http://investpromo.gov.iq/wp-content…or-2000-EN.pdf
http://investpromo.gov.iq/wp-content/uploads/2013/06/Law-for-the-Regulation-of-Commercial-Agency-No.-51-For-2000-EN.pdf
workhard says http://www.iraqpressagency.com/?p=184323&lang=ar
faith1 says to workhard(): i see Maliki in the pic of your link… i’m not able to get it to english,,,, can you say what the article is about ?
workhard says(): faith1 Right cllick on the article and enter translate
workhard says(2:38 PM):
Follow-up -arac Press -2 February: According to Arab and Western news reports on Tuesday that the United States recently included 71 Iraqi political figure on the list of political exclusion will be stripped of their posts and some of them may affect the legal accountability.
The reports quoted sources described the high Baerakip, said that “the former Iraqi Prime Minister Nuri al-Maliki will be at the top of the US list, as well as Hussain al-Shahristani and Hadi al-Amiri, who Tzlma ministerial portfolios, and Abu Mahdi Mohandes required US and internationally on charges of involvement bombings affected Western and American interests.”
The list includes well, political figures, including officials in the Iraqi government.
On the other hand, Iraqi political source revealed the existence of intensive contacts conducted by a number of American advisers and leaders of the Year with the leaders of the three factions of the Iraqi opposition, to be entered in what is known as “th
rcookie says to workhard(): GREAT FIND!!! JUST AS REPORTED LAST WEEK CONCERNING ABADI REFORMS OF RESHUFFLING HIGH RANKING CABINET AND GOI POSITIONS….
HUGE PRESSURE FROM US AND EUROPEAN UNION…WHICH IS WHY THE PERFORMANCE REVIEW COMMTTEE WAS ORDERED INTO ACTION…AND NAMES GIVEN…NO CONSPIRACY…NO SECRET CODES…
NO ULTERIOR MOTIVES…JUST PLAIN AND SIMPLE PERFORMANCE REVIEW AND FAILURE AND REQUISITE FOOT IN THE CAN REACTION….
LIKE I SAID YESTERDAY..ION IN LONDON WAS A PROCTOLOGY PROCEDURE TO REMOVE ABADI FOOT FOM HIZAE
rcookie says to workhard(): ZEBARI OPERATION IN LONDON WAS PROCTOLOGY PROCEDURE TO REMOVE ABADIS FOOT FROM HIS BEHIND….SO CAN WE PLEASE STOP THE EVRYTHINGS A CONSPIRACY DRIBBLE….
workhard says(): rcookie Thanks for breaking up the news for us to understand
faith1 says to rcookie(): 5 pages,,, easy read,,, but seemmms year 2000… and at end signed is ….I’m confused.. Article 24 This Law shall be enforced from the date of its publication in the official gazette.
Saddam Hussain President of the Revolutionary Council
rcookie says to workhard(): YVW!! GREAT FIND!! THAT SHOULD BE IN FORUM & OBSERVER…
rcookie says to faith1(): THATS THE ORIGINAL…THEY VOTED AND PASSED THE AMENDED TODAY IN PARLIAMENT AND WILL BE POSTED IN GAZETTE…PRETTY BIG LAW RELATIVE TO INTERNATIONAL BUSINESS CONDUCT INSIDE IRAQ..NO?
rcookie says to faith1(): SBOES LICENSE FEES BY SECTOR…FINES…AUDIT OVERVIEW & RECORDKEEPING REQUIREMENTS…
thomas1 says(): we see many why we should be a bank with rv ,but we are still here.why ??
rcookie says to faith1(): SOME OF THE LAWS THEY HAVE BEEN WORKING UNDER ARE ANCIENT..ANTIQUATED NON INTERNATIINAL STANDARD COMPLIANT..WHICH IS WHY THEY AMEND AND REVOTE FOR ACTIVATION…
faith1 says to rcookie(): ok .. got ya … original and new to come !
rcookie says to faith1(): NEW WAS VOTED ON AND PASSED TODAY…THEN OFF TO GAZETTE…
subgirl says to rcookie(): gazette is a Law Library not a newspaper!!!!
faith1 says to rcookie(): well yea again ,,, but how long do things go into gazette till implimented ?
dwightj says(): 24 HOURS THEN IT GOES TO PM
rcookie says to faith1(): IN THE COMING DAYS…:D
thomas1 says(): The Supreme Religous Leader Sistani calling for a replacement to Abadi is not good . even the people of irqa are getting tired of waiting gaming . it seem all around them even iran is passing them in the race of getting things done . while the abadi does is talk .
rcookie says(): Iraq received a new batch of F-16 aircraft and other awaits the “near future”
the writer: Editor: BK 02/02/2016 23:25
Number of Views: 171 Long-Presse / Baghdad The Ministry of Defense, Tuesday, for the arrival of a new batch of US F16 aircraft to one Iraqi air bases, indicating that it is one of the payments will arrive in “the near future” a complement to the contract between the two series.
The ministry said in a statement, I followed the (long-Presse), “The Air Force commander Lt. Gen. Anwar Hama Amin, received at noon today, a new batch of F16 aircraft that arrived to one of the air bases.”
It said the ministry, that this “installment constitutes a sequel to a series of payments that will arrive in Iraq in the near future an update of the contract concluded between the Republic of Iraq and the United States later this year.”
Read More :http://www.dinarupdates.com/showthre…r-future-quot- LINK
rcookie says(): The Committee on Security and Defence parliamentary, confirmed in (the ninth of November 2015 the past), that Iraq will take over “soon” another five aircraft F-16, indicating that the receipt of other warplanes that have been contracted with the United States and the Czech Republic and South Korea will enable Iraq dispensing with the international coalition aircraft.
The Ministry of Defense, announced that, in (the 13th of July 2015 the past), the arrival of four F-16, is the first meal that had been contracted with the United States, also announced in (the sixth of November the past), all received two out of 12 aircraft Ceccheh within the contract between the two countries.
It is noteworthy that Iraq has signed an agreement with the United States to buy 36 fighter model F-16 aircraft, and the Iraqi government announced
Read More :http://www.dinarupdates.com/showthre…-2&p=144115#po LINK
rcookie says(): in the (September 2011), for the payment of the first installment of the purchase price paid for the purchase of 18 fighter of this type, while confirming the Ministry of Defense, in the (third from July 2012), the desire of the Iraqi government to increase the number of these aircraft in the “near future” to protect Iraqi airspace.
http://translate.googleusercontent.c…eIMT3956H00Jxw LINK
Read More :http://www.dinarupdates.com/showthre…115#post144115 LINK
Hutch says(): Al-Jaafari stand for Prime Minister instead of Al-Abadi and split between followers of Al-Maliki and Ali al-adeeb
http://www.microsofttranslator.com/B…25D8%25A8.html LINK
subgirl says to rcookie(): hmmm… a batch of F-16 aircrafts huh? INTERESTING sounds pretty expensive to me
rcookie says to Hutch(): THE TARIFFS…RATES AND CODES LIST BY SECTOR WAS PUT OUT LIKE 2 WEEKS AGO…
AS WELL AS ALL LAND…AIR & SEA BBORDER ENTRY POINTS WITH THEIR CORRESPONDING CODES FOR CUSTIOMS TARIFF ACTIVATION…..
rcookie says to Hutch(): OOPS TO ALL…
Hutch says to rcookie():(y)
larrykn says(): with tariff activated I would think time is running out for them to revalue and give the dinar a higher value
Baxter1243 says(): Maybe the new prices havent hit the street yet…
larrykn says(): dont think it has but will soon
Nadita says(): larrykn… the tariff is activated and being charged to the citizens at the border for goods.. so the revenue/profit sharing is distributed through qi card.. if it is paid in dinar and the goods price don’t change much.. so meaning a dinar is a dinar in Iraq
Nadita says(): if there is price change and skyrocketed.. there will be civil undrest in Iraq and it’s not so meaning the price doesn’t change much because the price has been adjusted to the new rate
larrykn says(): and how long can the people afford the new prices
Baxter1243 says(): Just looking at Iowa weather on the news….. Sad…Very Sad…
Nadita says(): they are already
larrykn says(): and that is why I’m saying they are running out of time
Baxter1243 says(): Maybe something will happen this month.. Lord I hope so
subgirl says to Baxter1243(): Don’t forget IMF is now in charge and they have a schedule!!!
larrykn says(): Baxter according to Kap we might be here for a few more months