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DINARESGURUS.BLOGSPOT.COM_________________ _______

Tuesday, September 15, 2015

TNT CHAT UPDATE, 15 SEPT

TNT:

[LAS]
 (From Bruce on The Big Call: ) intel: did we think we would be there by now - yes; not there yet; high expectation of this week; certain things are hinged on other things; banks reconnected and ready; system tested and good;

Iran Rial in along with other currencies; nice rate; close to what the dinar will be;

Abadi to make an announcement in a few days; contingent on the announcement; forgiveness of 601 million debt for Zimbabwe; first fruits of forgiveness of debt; increased value of Zim; things are looking very good for us;

God is our Provider and look to Him; knows PP are coming out shortly, humanitarian/project funding coming.
....
PinkRoses:  Debt forgiven will increase value of the ZIM. no specific rates or dates on any currency

PinkRoses:  Bruce indicators positive for RV between now and Friday

GJHonor:    Bruce he heard no contract rate on the dong because the rate is good

PinkRoses:
  Bruce: we believe the internet group will be covered to exchange the ZIM, heard use a 1st tier bank. feel wells fargo be first choice to exchange the ZIM

PinkRoses:  Bruce: heard no bank fees due to new bank laws for exchange

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GJHHonor:   does anyone know if there is a list of the abbreviations , short form words in the forum i need for a new dinarian example imf , bis, wto, and so forth?

DAVE SCHMIDT UPDATE, 15 SEPT


NETDANIA RATES FOR IDR & VND, 15 SEPT




AGGIEDAD77 TIDBITS, 15 SEPT

It would seem the COM (Council of Ministers) was overly busy today… they approved the cancellation of the VP and Vice PM positions…But to me just as important, maybe more so…they approved the withdrawal of all laws directed to Parliament by the previous government (Maliki) basically making those efforts null and void.
After that…they approved a mechanism for payment for stalled projects or projects that were lagging due to lack of funds…interesting to say the least this last effort…Coming at at time when liquidity was an issue…but remember all the funds that have been flowing back into Iraq…back into the banks from the thievery and corrupt efforts that have been nailed by the Integrity Commission.

DINAR GURUS UPDATE, 15 SEPT

9-15-2015   Newshound/Intel Guru BGG   [do you think the WB will really blacklist Iraq if they do not get everything done by the 1st...or is that just a loud threat?]   think they would - but I also think Iraq will get the AML Law passed (or close) before then...and I suspect as long as the vote is taken - (or some other serious effort) they will be fine...obviously, it's not just the Law they want - they want it enforced. NO MONEY LAUNDERING...so the point is - it's not just the Law - it's Maliki they want (and everyone else it seems)...

9-15-2015   Newshound Guru Stryker 
  Today Abadi's Cabinet Approves Maliki's Exit and the withdrawal of Maliki's Governments Laws! Vice-President Maliki is History.

9-15-2015   Newshound/Intel  Guru Bluedog
   SO THE U.S. STORMS THE CBI... CBI IS IN FULL OPERATION?  DO NOT THINK SO TO THE OPEN EYE...THEY TRAINED PEOPLE TO FILL THOSE POSITIONS...MOVING THINGS AROUND A BIT AND GAINING CORRUPT MOVEMENTS...IM SURE THERE WERE SOME BAD EGGS THAT GOT ARRESTED OR DETAINED...  MEANWHILE MEETINGS PLANNED IN EUROPE AND THE USA WITH ZEBARI AND SALEH DID NOT BEAR FRUIT...  THE GOI IS IN THE SHUFFLE MODE...OVER ONE HUNDRED OFFICIALS FIRED LIKE TRUMP WOULD DO AND NEW ONES MOST TRAINED IN THE USA FOR SUCH A TIME AS THIS.  HANG IN THERE...THEY ARE JUST ABOUT TO TAKE A BOW FROM THE CENTER STAGE OF THIS PERFORMANCE BUT YOU GOT TIME TO HIT THE LOBBY FOR POPCORN...THE INTERNET IS DOWN...NOW IS YOUR CHANCE GET A LARGE SODA TOO...BEFORE THE CURTAIN OPENS BACK UP...IMO.

9-15-2015   Newshound Guru Aggiedad77
   ...it would seem the COM (Council of Ministers) was overly busy today... they approved the cancellation of the VP and Vice PM positions...But to me just as important, maybe more so...they approved the withdrawal of all laws directed to Parliament by the previous government (Maliki) basically making those efforts null and void...after that...they approved a mechanism for payment for stalled projects or projects that were lagging due to lack of funds...interesting to say the least this last effort...Coming at at time when liquidity was an issue...but remember all the funds that have been flowing back into Iraq...back into the banks from the thievery and corrupt efforts that have been nailed by the Integrity Commission...

9-15-2015  Newshound Guru Millionday
  Article quote:  "And witnessed the Investment Law No. (31) for the year 2006 to make some amendments to paragraphs and materials, which is likely to approve the next two days..."  THIS IS THE ANNOUNCEMENT OF PLANS TO HAVE THE INVESTMENT LAW ACTIVE.  THE ANNOUNCEMENT IS FOR THIS TO BE DONE TODAY [MONDAY] OR TOMORROW.   THEY ARE EXPECTING THE NEW LAW TO ATTRACT INVESTMENT BUT ARE RELIANT ON THE CONDITIONS TO CHANGE...IT IS APPARENT THAT THE LAWS ARE EXPECTED TO BE COMPETITIVE WITH OTHER INTERNATIONAL INVESTMENT LAWS --- THIS SHOWS THE GOAL IS TO GO GLOBAL AND THE LAW IS TO BE DONE WITHIN DAYS.

Iraqi central bank chief sees limited risk of dinar devaluation, 15 SEPT

RO: Central bank Governor Ali Mohsen Ismail said Iraq has enough foreign reserves to maintain its currency peg but didn’t rule out a minor devaluation to shore up government revenue hurt by the slump in oil prices and the war on ISIS militants.
Reserves are enough to cover more than six months of imports, higher than what is typically needed to maintain the exchange rate, Ismail said in an interview in Cairo Sunday. This year’s budget deficit will likely be lower than the 25.4 trillion dinars ($20.9 billion) originally planned because the Finance Ministry is already cutting spending, he said.
“There is no fear for the dinar,” the governor said. However, if “the pressure remains, we could marginally change the exchange rate to increase revenues of the Finance Ministry,” he said. “This is just an option that needs to be carefully studied because we don’t want to give away what we have achieved in terms of the inflation rate, which is perfect now.”
Consumer prices rose 2.6 percent in July, according to official data.
Ismail’s comments come as OPEC’s second-biggest producer plans to raise $6 billion in bonds to fund the budget shortfall, which the International Monetary Fund expects to widen to 17.4 percent this year from 5 percent in 2014. The IMF, which extended $1.24 billion in emergency aid to Iraq in July, described the peg as a “key anchor to the economy” in a report last month.
The nation is engulfed in armed conflict with ISIS militants who took control of major Iraqi cities, and a surge in inflation would increase discontent among Iraqis already complaining about chronic shortages in water and electricity. Military success against ISIS militants has been piecemeal, as the government has struggled to enlist support from mainly Sunni communities in parts of the country ravaged by attacks.
“Iraq has suffered a tremendous dual shock from low oil prices and war on IS,” said Jean-Michel Saliba, a London-based economist at Bank of America Merrill Lynch, using another name for ISIS. Government efforts to cut spending have not resulted in a major drop in the deficit, he said.
Authorities “have few options, one of them is to get the central bank to devalue to boost revenues,” Saliba said. “We don’t see an immediate devaluation but we see more pressure on the peg the longer the situation continues as buffers get eroded.”
Concerns that oil-dependent economies may abandon their pegs intensified after Kazakhstan allowed its currency to float following China’s surprise move to revalue the yuan. Saudi Arabia, the world’s biggest oil producer, said it was committed to maintaining the riyal’s peg to the dollar.
In the Middle East, the Iraqi dinar is among the most at risk, though the current exchange-rate regime is likely to remain, according to Emirates NBD, the biggest bank in Dubai.
The war, as well as the 50 percent plunge in oil prices, has shaken investor confidence, with the yield on Iraq’s $2.7 billion eurobonds due 2028 surging 1.7 percentage points this year to 9.588 percent, the highest since 2009.
The central bank, in an attempt to ease pressure on government finances, has allowed local banks to use as much as 50 percent of their reserves at the regulator to buy treasury bills.
“Most banks have used that advantage,” Ismail said. LINK

DEALER OF IRAQI DINAR IN PUERTO RICO UPDATE, 15 SEPT

DEALER OF IRAQI DINAR IN PUERTO RICO :This will require them to not go to an international blacklist . .... !!!! Moving chips are .... YES ... !!!!
MEMBER OF THE PARLIAMENTARY FINANCE: MONEY LAUNDERING ACT is ready and will be submitted to vote during the next two days
A member of the parliamentary finance: the money laundering law is ready and will be submitted to a vote during the next two days
September 15, 2015

عضو في المالية النيابية: قانون غسيل الاموال جاهز للتصويت وسيعرض خلال اليومين المقبلين
بغداد / المركزالخبري لشبكة الاعلام العراقي (IMN) قال عضو اللجنة المالية النيابية مسعود حيدر إن قانون غسيل الاموال اصبح جاهزا للتصويت وسيعرض خلال اليومين المقبلين. وكان مجلس الوزراء وافق في الأول ...
CENTER-IMN.NET
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POOWWWW .... !!!!! PM Abadi: way out of the economic crisis, but we have to be patient and do not despair !!!!!.

العبادي: ممكن الخروج من الازمة الاقتصادية بشكل أقوى لكن نحتاج للصبر وعدم اليأس [موسع] -كل العراق ...
وكالةاخبارية عراقية شاملة مستقلة

SPANISH : 
Esto lo necesitan para que no vayan a una lista negra Internacional....!!!! Se estan MOVIENDO LAS FICHAS....YES...!!!!
MIEMBRO DE LA HACIENDA PARLAMENTARIA: LEY DE LAVADO DE DINERO está listo y será presentado a votación DURANTE LOS PRÓXIMOS DOS DÍAS
Un miembro de la Hacienda parlamentaria: la ley de lavado de dinero está listo y será presentado a votación durante los próximos dos días
15 de septiembre 2015

بغداد/ المركزالخبري لشبكة الاعلام العراقي (IMN)ـ قال عضو اللجنة المالية النيابية مسعود حيدر إن قانون غسيل الاموال اصبح جاهزا للتصويت وسيعرض خلال اليومين المقبلين. وكان مجلس الوزراء وافق في الأول...
CENTER-IMN.NET

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POOWWWW....!!!!! PM Abadi: posible salida de la crisis económica, pero tenemos que ser pacientes y no se desesperen .!!!!!


Iran: open for business, 15 SEPT

The historic deal to end sanctions imposed by various Western powers upon Iran still has hurdles to clear, but already would-be investors are eyeing the country's rich potential.
The historic nuclear accord reached between Iran and six international powers, the so-called P5+1 (China, France, Russia, the UK and the US, plus Germany), has been variously described as the world’s greatest investment opportunity, its gravest security threat and its most profound political achievement in years. Perspective matters here. Yet, underlining all of these assumptions is an understanding that the signing of the Joint Comprehensive Plan of Action (JCPOA), the official name of the accord, on July 14, has the potential to reshape not only the regional order but that of the world. 
Fittingly for an arrangement of this magnitude, the global response – both positive and negative – has been visceral. Nervous rulers across the Persian Gulf are looking on with suspicion as trade delegations from continental Europe and Asia beat an excited path to the presidential palace in Tehran. Meanwhile, the US congress remains typically divided, largely drawn along party lines.
A broad welcome 
Similarly, the reaction inside Iran, though broadly jubilant, has not been lacking in nuance. Enterprises that have found success by carving out a niche in a sanctions-scarred economy are now facing the daunting longer term prospect of international competition. Yet, for Iran’s financial institutions, an agreement could not have come sooner. 
quote 
Sarosh Zaiwalla
The Bank Mellat case has changed the European sanctions landscape. Sanctions in the future will be much more targeted
and much more precise in their application – Sarosh Zaiwalla
quote
“The agreement was inevitable because it was righteous; it was necessary; it was good for both parties and the international community as a whole; and it creates a win-win situation,” says Mostafa Beheshti Rouy, director of the international department for Bank Pasargad, Iran’s largest lender by both Tier 1 capital and assets. 
“The financial services sector in Iran would certainly welcome returning to 'normal' conditions. The past eight years have been particularly tough for the Iranian banking sector. Once again, we should be able to establish our correspondent banking relations and provide the business community with a wide array of banking services,” he adds.
Mutual benefits 
Reaching this agreement after years of mutual suspicions and provocations required the right set of political and economic conditions to be in place, all the way from Tehran to Washington, DC. “Both the US and Iran needed something out of these negotiations because their alternatives were either conflict or containment,” says Tyler Cullis, legal fellow with the National Iranian American Council. 
"The US is broadly pleased with the agreement. It gets what it needs for the next decade in terms of blocking Iran's pathway to a nuclear weapon. For the Iranians, the deal provides a lot of sanctions relief. In the end, both parties got what they needed, if not necessarily what they wanted,” he adds. 
Regional political considerations also played a role on the Iranian side. Tehran’s long-time tussle with Saudi Arabia and to a lesser extent Turkey, over regional leadership has long had the effect of shaping domestic policy. “Iran wants to be the number one power in the Middle East. The approach taken in the Mahmoud Ahmadinejad presidency years was one of strategic distance to the US in order to mobilise popular sentiment and emerge as a soft power in the region,” says Bijan Khajehpour, managing partner with Atieh International, a strategic management consultancy. 
“The new government [of Hassan Rouhani] changed the rationale. It realised that if Iran is to become the pre-eminent power it has to become a strong knowledge-based, technological power. The only way this could be achieved was by ending sanctions and improving relations with the West," says Mr Khajehpour.
Hurdles to clear 
While an agreement has been reached, a number of hurdles to its implementation remain. In particular, a vote in the US Congress, which is expected to take place in mid-September, is likely to see the Republican-dominated legislature align against the agreement. Such an outcome can be vetoed by the president, however, and overturning this veto will require a two-thirds majority from both chambers of Congress. This is a feat that would require the support of an unlikely number of Democrats. 
Moreover, Iran is still subject to various technical inspections from the UN International Atomic Energy Agency which is expected to deliver its verdict on the country’s compliance in mid-December. Accordingly, the process of lifting sanctions is not likely to be executed until early next year. 
Despite these challenges, optimism over the deal’s conclusion remains high. "We continue to believe that the Iran deal is fait accompli regardless of whether Congress approves it. It requires a veto proof majority, which it is unlikely to get,” says Mohammad Darwazah, senior Middle East and Africa analyst with Medley Global Advisors, a New York macro policy intelligence provider.
Investment enthusiasm 
Though the sanctions regime is still technically in place, it is quickly fraying at the seams. In recent months, trade delegations led by senior government ministers from Germany, Italy, France and Serbia have all arrived in Iran to gain early leverage in the race to develop commercial ties. Meanwhile, the Austrian president, Heinz Fischer, is expected to be the first Western head of state to visit the country later in the year. 
Efforts on the part of continental European countries have been matched by their Asian counterparts. A Chinese trade delegation visited Iran’s southern port city of Bandar Abbas in July, a visit that was followed by a high-level Japanese delegation to the country in August. 
“Over the past three months, numerous trade and business delegations have travelled to Iran from Europe and Asia. Both the international and domestic business communities are preparing themselves for the lifting of sanctions. The Iranian consumer market is close to 80 million people, while our abundant natural resources and exceptional geo-political location collectively make for a compelling investment case,” says Mr Beheshti Rouy.  
Winners and losers 
These events highlight a key difference between the EU and US. As a result of the JCPOA, the EU is expected to return to being Iran’s number one trade partner. Though the full process of sanctions relief will occur over a number of years, most of the commercial- and business-related prohibitions for European entities could potentially be removed quickly. From the US side, the agreement will for the most part apply to sanctions covering nuclear-related activities. As such, Washington’s trade embargo will remain in place. 
This means that big winners and losers are already emerging from the sanctions agreement. Of the losers, the US corporate community is the largest. Despite some loosening of restrictions on the civil aviation sector, few individuals or entities will be able to deal with Iran on a commercial basis. In fact, the distinction between the outlook for Europe and the US is so evident that certain provisions were apparently introduced to the final agreement to ease the process of European investments into Iran. 
"There is a provision in the agreement that permits foreign subsidiaries of US companies to engage with Iran. My suspicion is that this was a demand from the European side, since they probably had concerns over the potential of a US private equity firm, for example, having large-scale passive investments in an EU company, thereby transforming the EU company into a US-owned or US-controlled entity for purposes of US law,” says Mr Cullis. 
Nevertheless, the scramble for Iran has already begun. The country's vast market potential is well known; it holds the world’s second largest reserves of natural gas and its fourth largest reserves of crude oil. Moreover, it has developed extensive automobile, petrochemical, pharmaceutical and shipping sectors, among others, which are ripe for investment. Iran’s young and well-educated population is an additional investment draw. 
As such, the coming years are expected to shape the regional and global economic order significantly. “One of the main impacts of the deal will be on world oil prices. We anticipate that it will take about nine to 12 months for Iran to begin exporting an additional 1 million barrels of oil per day. Our conclusion is that this will bring down the price of oil by about 14%, or $10 per barrel. The implications of this are clear; it will hit other global exporters,” says Shanta Devarajan, the World Bank’s chief economist for the Middle East and north Africa region.
Opportunities abound 
For obvious reasons, Iran’s hydrocarbons sector is seen as the country's biggest investment opportunity. And while years of joint EU-US sanctions have left most of the big Western oil firms out of the loop, their Asian counterparts have been quick to fill the void. Despite this situation seemingly placing the traditional oil majors at a disadvantage, there remains some scope for optimism. 
"If you look at the longer term investments required in the advanced sectors of Iran's economy, the government is much more selective about who it will do business with. In the past few years, where Western companies have been absent, the Chinese, Indians and Russians tried to fill the gap. Some of them, especially the Chinese, undermined their long-term interests providing lower quality products to Iran at high prices because they thought they had no Western competition," says Mr Khajehpour. 
This perspective has been backed up by ongoing discussion among Iran and major Western oil firms. According to Mr Darwazah of Medley Global Advisors, the most concrete negotiations to date have occurred between the government of Iran and Shell, Eni and Total.
Financial gain 
Beyond Iran’s dominant industries, it is the country’s financial sector which has the most to gain from the agreement. Under the sanctions regime, Iranian banks have been frozen out of the global financial system. This environment, coupled with serious mismanagement, particularly during the years of the Ahmadinejad administration, has undermined the entire sector. According to data from Atieh International, total government debt owed to the country’s banks stood at $250bn by the time Mr Ahmadinejad left office. While the new administration has settled some of these debts, a large figure remains outstanding. 
As such, the deal presents Iranian lenders with an opportunity to resume a number of profit-generating activities that they were previously denied. “We expect to resume what we can call 'a normal banking practice' allowing us to offer traditional banking products and services to our clients. The main change will come in the form of trade finance activities. We shall witness a sharp rise in the volume of issued letters of credit and letters of guarantee, among others. We expect the volume of foreign exchange transactions to also significantly rise,” says Mr Beheshti Rouy. 
The development of Iran’s financial services sector also has significant implications for foreign lenders. In recent weeks, the Iranian government made the surprise move to approve the existence of 100% foreign-owned banking subsidiaries in the country. “This is because [the government] knows that outside financing will be required,” says Mr Khajehpour. 
Moving forward, the expectation is for second- and third-tier European lenders to make the first moves to build stronger ties with Iran. "European financial institutions will find a way to provide banking and trade finance services to major institutional clients who are interested in returning to Iran, but even this will take some time,” says Mr Cullis.
Court battles 
The nexus between Iran’s banking sector and international sanctions has also hit the headlines more recently following the success of Bank Mellat, one of the country’s leading private lenders, pursuing the UK government for sanctions-related damages. In May this year, the UK’s High Court ruled that Bank Mellat’s $4bn damages trial should proceed after rejecting the government’s attempt to delay the hearing. In effect, the UK courts have agreed that the application of sanctions on the lender was unlawful, citing lack of evidence of the banks’ links to proscribed activities. 
"The Bank Mellat case has changed the European sanctions landscape. Sanctions in the future will be much more targeted and much more precise in their application. The days of blanket sanctions are over. The imposing state has to be careful to ensure that it has evidence that will stand up in court otherwise it risks paying damages that will come out of the pocket of the taxpayers," says Sarosh Zaiwalla of Zaiwalla & Co, Bank Mellat’s representatives. 
This case and others have attracted the ire of US enforcement authorities. "The US has blocked the property of Iranian banks. There's no effective way to challenge that under American law. That's why it is frustrating to the US government that Iranian banks have, at times, successfully challenged European sanctions. The US government has spent a lot of time in Europe trying to change this situation,” says Mr Cullis.
Unfreezing assets 
Looking ahead, attention is quickly shifting to the prospects for Iran’s sizeable chunk of ‘frozen’ assets located predominantly in China and India. In China, these assets are mostly held in the Bank of Kunlun, a unit of China’s state-owned National Petroleum Corp. Established to handle all oil transactions related to Iran, it is the only Chinese lender to be cut off from the US financial system. 
Estimates of the value of these assets vary widely, from as low as $30bn to as high as $150bn. Whatever the true figure, these funds have not technically been frozen and are available for two purposes: bilateral trade with the host country and humanitarian transactions, globally. 
Nevertheless, a lack of advanced tradable goods, particularly from China, has left most of this money untouched. Instead, the Iranian government has reportedly been obligating these funds to other parties, as well as China. “Iran has been acting like it has access to these assets, so a lot of this money is obligated. For example, about $20bn is owed to China alone as payment for development projects. On this basis, I don't expect a flush of money to be returning to Iran,” says Mr Cullis. 
As the slow process of sanctions unravelling occurs, the prospects for Iran’s economic growth appear undoubtedly brighter. The World Bank estimates that foreign direct investment will pick up by up to $3bn to $3.5bn per year within a couple of years. The knock-on effect in terms of gross domestic product growth is expected to be significant. While it appears that Iran has overcome the sanctions challenge, its next test will be the effective management of this impending windfall. 
“We expect gross domestic product growth to reach 5% or 6% in the next couple of years. This will be a major windfall for the Iranian economy because it has been in such a poor state for the past several years. What is going to be critical is that the Iranian government manages this windfall properly so that growth can be sustained,” says Mr Devarajan.

BLUEDOG UPDATE, 15 SEPT

 OK ………… HERE I GO ALL IMO OF COURSE ……….. SO THE U.S. STORMS THE CBI …… OK SO THE IRAQIS AND SOME OF THE WORLD PAYING ATTENTION ……….. DISTRACTED AND CBI IS IN FULL OPERATION?????? ……. …….DO NOT THINK SO TO THE OPEN EYE ……
AS WE SEEN THAT THEY TRAINED PEOPLE TO FILL THOSE POSITIONS………… WELL MAYBE CHANGING SOME THINGS WITH THE MAIN FRAMES ……MOVING THINGS AROUND A BIT AND GAINING CORRUPT MOVEMENTS ……….. OH YES IM SURE THERE WERE SOME BAD EGGS THAT GOT ARRESTED OR DETAINED ……….
MEANWHILE MEETINGS ……….PLANNED ……… IN EUROPE AND THE USA …………. WITH ZEBARI AND SALEH DID NOT BEAR FRUIT ………
THESE MEETINGS WERE WELL PLANNED AND WHY WASTE THE JET FUEL EH ……THEY THE IRAQ OFFICIALS CHOOSE NOT TO TALK TO THE PRESS ……RIGHT
THE GOI IS IN THE SHUFFLE MODE OVER ONE HUNDRED OFFICIALS …….. FIRED LIKE TRUMP WOULD DO ……… AND NEW ONES MOST TRAINED IN THE USA … (SOMETIME AGO THEY BROUGHT YOUNGER IRAQIS HERE TO LEARN DEMOCRACY LOL) ……FOR SUCH A TIME AS THIS ………
HANG IN THERE …….. THEY ARE JUST ABOUT TO TAKE A BOW FROM THE CENTER STAGE OF THIS PERFORMANCE ………
BUT YOU GOT TIME TO HIT THE LOBBY FOR POPCORN ….THE INTERNET IS DOWN … NOW IS YOUR CHANCE GET A LARGE SODA TOO….. BEFORE THE CURTAIN OPENS BACK UP …… ……. AGAIN IMO ……. BLUEDOG

KTFA CHAT UPDATE, 15 SEPT

Aggiedad77:   WELL, WELL, WELL…..it would seem the COM (Council of Ministers) was overly busy today…..(See article below) they approved the cancellation of the VP and Vice PM positions….
But to me just as important, maybe more so….they approved the withdrawal of all laws directed to Parliament by the previous government (Maliki) basically making those efforts null and void…..
And look just after that….they approved a mechanism for payment for stalled projects or projects that were lagging due to lack of funds…..interesting to say the least this last effort…..
Coming at at time when liquidity was an issue….but remember all the funds that have been flowing back into Iraq…..back into the banks from the thievery and corrupt efforts that have been nailed by the Integrity Commission…..one good deed begets another.
************
Walkingstick  Cancel the government refer the posts of Vice-President of the Parliament and pulls the Maliki government bills
Tuesday 15-09-2015 | 2:16:13
Cancel the government refer the posts of Vice-President of the Parliament and pulls the Maliki government bills
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Walkingstick:  Cabinet agrees to cancel the posts of Vice-President of the Republic and take important decisions Group
Baghdad-Iraq-Presse -15 September / September: the Council of Ministers voted to approve the bill to cancel the posts of Vice-President of the Republic Act .. According to a statement of the Information Office of the Office of the Prime Minister’s Council of Ministers was held on Tuesday, its thirty-sixth regular under the chairmanship of Prime Minister Haider al-Abadi, The Council discussed in the beginning of the meeting developments in the military and security situation, and a number of issues on its agenda.
The Cabinet approved the bill to cancel the posts of Vice-President of the Republic Act and submitted it to the House of Representatives based on the provisions of Articles 61 / item I, 80 / item II of the Constitution.
The Council also decided that the Ministry of Agriculture adoption of support by 80 percent of the total cost of the seeds of wheat and barley crops.
The Cabinet approved the withdrawal of laws sent the draft to the parliament by the previous government for the purpose of review.
The Council also approved the payment mechanism forward proposals to address the subject of ongoing and stalled projects or lagging due to lack of funding.
This comes at a time claimed the presidency, he is entitled to the Vice-President of the Republic Fuad Masum “appeal” the decisions of the prime minister Haider al-Abadi on the removal of the Vice-President. He counselor in the presidency Prince Kanani that “it is the right of the Vice-President of the Republic filing of the appeal the decision of the Executive Authority President Haydar al-Abadi judge to dismiss the Vice President and the Prime Minister from office.
“He also drew Kanani that” the presidency did not call for the survival of any name of the Vice-Presidency of the Republic did not apply for that matter, “he said, adding that” what you talk with some media for providing the President a request to remain one of his deputies untrue. “and took the prime minister Haider al-Abadi on the ninth of August last package reforms, procedural, notably the cancellation of the posts of Vice Chairman Ahamhorih three and three vice-prime minister.
Despite the implementation of the Vice Prime Minister of the resolutions of Abadi and not Zarohm in recent meetings of the Iraqi government, but informed sources in the presidency Algmehaurerah confirm that the House of Representatives for the three infallible what Zloa exercising their functions .anthy (1)

Walkingstick  » September 14th, 2015,  Iraqi financial negotiations in New York
– SEPTEMBER 14, 2015
New York-East September 14: Being a senior Iraqi delegation to the New York negotiations to obtain financial loans from a number of international banks in the United States on what, according to Iraqi sources.
The same sources explained that the New York negotiations did not produce so far Ntaij. adding that the Iraqi delegation preferred not to make statements concerning the nature of the negotiations and the extent of Njahaa.ccant Iraqi delegation, headed by Finance Minister Hoshyar Zebari negotiations
and membership of the appearance of Mohammed Saleh adviser to Prime Minister and others held talks with a number of international banks in London lasted 5 days without significant results, but sources said at the time that the delegation request for a financial loan of $ 5 billion but banks stipulated that the loan does not go to the operational budget of the Iraqi government.

MNT. GOAT UPDATE, 15 SEPT

UU6806 – “ Is Iraq Now Ready For The RV?” by Mnt Goat

Hello Everyone,

Today I come to you once again to see what sense we can all make out of this RV saga of the Iraqi dinar.

I am sending out this news today since I believe it is a critical period we are now entering and all of you should be prepared for anything to happen in the very near future.

As I said previously this timeframe from mid September onward is a critical timeframe for Iraq and much is riding on them completing these economic reforms and other reforms on time. What is this timeframe for completion? Do they now have a good progress report? Is Iraq ready to pull the trigger on their currency reform?

I will try to answer many of these questions today.
~~~
Today’s News

Today is Tuesday September 15th and still no RV.

I want to begin today with an article from a news media meeting with Abadi. I really like this article because it is a general article about just where Iraq is economically and sums it all up where they are going. It verifies other news we had about the relationship between the 2015 budget, the price if oil and their economy.

I need also to remind you that the leaders of Iraq are new to having a democracy and a free and robust economy and need assistance in setting it up and regulating it.

 Perhaps they are now ready? To what extent will they continue with the reforms before they finally agree to their new currency rollout? When will they be ready?

I have been saying not for two weeks, not a month but almost 6 months already that we should be looking at mid September as an excellent window of opportunity for the currency rollout of the lower denominations and a significant increase in the value of the dinar for Iraq.

Why did was I so firm on this timeframe when many other intel “gurus” kept trying to convince you it would go sooner than later. What did they know that I knew or better yet,  what did I know that they did not?

I talked about a mid June 2015 Paris Conference and how they met with the newly elected prime minister, the speaker of the house and the finance minister to discuss the progress of Iraq.

They discussed a possible 90 day time period from mid June to mid September for Iraq to get its laws in place and anything needed to support the new economy and to try to solve their deficit crisis. So it is mid September already and where are they now?

Currently they are in the process of the meeting to discuss progress made since June. So far there is no word on what they plan to do next since the meeting continues until September 17th  , (just 2 days from now).  

I therefore do not expect any rollout of the new currency until at least after this date. But after this date we shall see the results and they will tell us what their next steps are.

But this is what we do know for sure - We know by the second article that I presented below is their reform plan and they are telling us it called for two phases. One they call "hot fixes" and the other "gradual reforms".

.The question is - Do they need to achieve all the needed economic reforms of the country or just through the phase they called "hot fixes", then later  implement the more "gradual reforms"  post RV?

Perhaps from the current meeting,  a follow up meeting from the June Paris Conference, they will ask for more time and refuse to go ahead with the currency rollout since they can also ask for an extension  in their timeframe  and then continue to push parliament to implement  more of the reforms beyond the  “hot fixes”.

I am hearing all the hot fixes are now in place so at least they have completed them.

They can also ask for more time to implement many of the planned “gradual reforms” and be refused by the IMF and WTO and thus they are forced to go ahead with the RV anyhow.

At this time we just don’t know which way they will go but we will know shortly.

This article below is an excellent bit of news. It is hopeful and very good news for us investors because it shows progress and a willingness to move even more forward.

I quote from this article - "the state is heading in the tunnels is reasonable and normal", stressing that "we are fighting today even control the spending and oil imports is less than the salary that we need today and try to find a solution and we are keen on it."

These are Abadi’s words not mine.

Here is a tid bit of information you may not know. The Customs and Tariffs alone have the potential to bring in revenue almost equal to oil revenues. Amazing is it not?

So now do you understand why they implemented the Customs and Tariff law so hastily all of a sudden once oil prices dropped?

Here is their words not mine-  "there are urgent steps to activate the taxes and customs in real time."

 But we all know that so far the tariffs have not been as successful as potential dictates.

Why?  

THEY NEED BORDER CROSSING SECURITY and AN INTERNATIONAL  CURRENCY WITH A REALISTIC VALUE

So all of you who still believe Iraq will never be an economic giant and thus have a significant increase in the the value of their currency  soon-  think again!

So all of you who still believe Iraq will never have physical security and get rid of terrorism- think again!

So all of you who still believe Iraq will never play on the international level -  think again !

Article Begins:

ABADI: COUNTRY VENTURED BY SPENDING LESS OIL AND IMPORTS OF SALARIES THAT WE NEED

Alsumaria News / Baghdad - The prime minister single-Abadi, Monday, that the state ventured into spending, at a time between the current oil imports is less than the salaries needed by the country, he noted that state spending is heading unreasonably.

Ebadi said in a conference the start of the second workshop for the implementation of reforms for the advancement of the agricultural sector to hold, today, in Baghdadand attended by Alsumaria News, "The reforms at the beginning of the NGED have an impact in light of the large accumulations of state corruption and the loss of wealth", adding that "state spending doubled abnormally" .

He added Abadi, that "the State ventured when increased spending after he had wrongly assumed that the production of Iraq's crude oil will reach more than 8 million barrels per day and oil prices will escalate," he said. "This assumption adventurer and can not be dealt with the community in this adventure, considering that this related to people's lives. "

Abadi pointed out that "the state is heading in the tunnels is reasonable and normal", stressing that "we are fighting today even control the spending and oil imports is less than the salary that we need today and try to find a solution and we are keen on it."

The drop in oil prices represents a big problem for Iraq, which relies on oil revenues, mainly as a source of income at a time when facing major internal challenges of Baktale with Daash organization and the need to save money for essential services, which suffers from a significant shortage.

Article Ends

Next I am including a very long article and it also tells us so much about  the pulse of the Iraqi parliament and what it is up to. Remember we need to have a level of these reform laws passed and implemented before any RV situation but just how far will they ask to go.

 So we look for the needed laws in the session agenda and in article that prevail afterwards from the session. We are not mind readers and so article telling us about the aftermath is good. No “secret” sources of intel here….lol…..just the facts and no hype !

So let me point out a few of the goodies in this article from the session on Monday 9/14.

First they are telling us the session was attended by 212 deputies. This is really good since in the past under Maliki they were lucky to get attendance to 80 or 90 deputies.

Remember they can’t vote on a bill unless they have at least a quorum (51% or more members). They tend to get this high rate of attentions consistently now so this quorum requirements certainly does not appear to be an issue any longer.

Second the session has two themes – Internal Security and Reconstruction.

So much needed legislation. Do we need all of it to be completed prior to an RV? My opinion is NO. But there is key legislation that needs to be coordinated together with other bills. These are dependencies and inter connectiveness between what they are trying to do.

Many of these bills are also just amendments or changes to the wording of existing laws to better suite where Abadi needs to bring Iraq.

Remember much of the Internal Security will now be provided by the National Guard law once fully enacted so they must adjust these other laws prior to bringing that one to legal implementation and passage in parliament.

Third, the government talks about the objective of its formation, indicating that the link to legislation body should be to the interests of the Iraqi people and will contribute to the successful implementation of the needed laws.
Forth, the article points out that the spread of terrorism at home can be controlled and it can be done by addressing the problem of unemployment and correct education curriculum.
Article Begins

HOUSE OF REPRESENTATIVES VOTE ON THE BILLS AND FINISHED READING A DRAFT ANTI-TERRORISM LAW

Voice of the House of Representatives the usual twenty-second in its session held under the chairmanship of Dr. Salim al-Jubouri, President of the Council and in the presence of 212 deputy on Monday 09/14/2015, the bills ended with the second reading of two bills.

At the outset of the session, Mr. President al-Jubouri, the name of the Council condemn the threats that affect its members and the abuse of legislative authority and related work, demanding the Commander in Chief of the armed forces take the necessary steps to protect the members of the Board of any blackmail operation targeting their views actions.

The Council voted on a draft law to control the noise and submitted by the Committee on Health and the EnvironmentAs it causes noise pollution affects the environment and human health and to provide a clean environment and in order to maintain the integrity of the environment and public health and make it suitable for human life and other living organisms through the identification requirements to control the noise.

And allergic Council vote on a resolution to give priority to the Iraqi civil presses print in the school curriculum and submitted by the Legal Committee and forwarded to the Education Committee for study and finalize the law in line with the national interest.

On the other hand, the Council voted on the draft first amendment to the law sanctions the Internal Security Forces Law No. (14) for the year 2008 and submitted by the committees of defense and security, legal and which aims to reconsider the penalties provided for in the law.

Council to vote on the draft law of the board of the border crossing points and provided financial security and defense, services and reconstruction, legal, economic and investment committees to the next session.

This was followed by MP Abdul-Hadi al-Hakim, a proposal to resolve the housing crisis in the country, the central government called for and cooperation with the regions and provinces to allocate a piece of residential land per family do not have a dwelling place that divides the residential blocks of 100 m2 to 200 m2 to be distributed free of charge through the draw.

He called wise to set up a fund from the state and private companies and banks to finance the construction ancestor to be rewarding amounts are repaid over 25 years old and banking facilities.

In turn, Mr. President of the Council to refer the proposal to the face of the committees of services and financial reconstruction and to study it.

Mr. Jubouri as instructed for the Commission on Human Rights of the need to speed up the completion of freedom of expression and demonstration law and submit it to a vote.

It ended the second reading of the draft law public body was to monitor the allocation of federal revenues and submitted by the financial committees and the regions and governorates not organized in a region.

In the interventions, ladies and gentlemen MPs, MP Hassan Turan called to add oil to the Ministry of bodies and ministries mentioned in the draft law.
The MP Riad strange that the law will contribute to the achievement of justice in the distribution of revenue and solve the problems between the center and the region, calling for the formation of a limited and fixed panel of experts not to exceed five members representing the center and the provinces.
He urged the Attorney Jawad al-Bolani to give the private sector a chance to be among the circles the Authority to achieve partnership with the public sector and to achieve economic benefits.

He said MP Adnan al-Janabi said the federal system is based on the sharing of power and money, noting that the Constitution wanted the upper body was to monitor federal revenues to oversee the distribution of wealth to the center and the regions and provinces, adding that the intended experts are representatives of regions and provinces in the body.

He suggested MP Farhad can customize the Vice-Chairman of the Authority instead of one deputy and that the bill includes determining academic achievement for President or Vice President.
~~~
For its part, stressed the MP Zeinab Sahlani the importance of control of the center and the regions and provinces adjust revenues and the method of dispensing with compel the provinces to allocate funds to save the fiscal revenue.

The MP Zana happy make it clear that the Prime Minister absolute hand in the Authority through the appointment of representatives of the regions and provinces.

The MP Mehdi al-Hafez pointed out that the authority Atakhts mission control and the distribution of funds to the provinces with the importance of research in how to achieve the principle of justice and the nature of the association.

She called MP Najiba Najib to link the body was the House of Representatives instead of the Council of Ministers in order to achieve the purpose of its formation with the importance of taking into account the region where Tmthel

He noted the MP Hanan al that the law does not cover the need of legislation, despite its importance, pointing out that the draft law contains a mechanism declaration of transparency and the development of objective criteria for the distribution of imports to the provinces.

For his part, MP Yahya Ithawi that the law is important to see revenue and grants also contributes to the achievement of political stability through the distribution of resources to the provinces and territories.

He cautioned Rep. Salem Amuslimawi that link the Authority ordered the government to Aahakq objective of its formation, indicating that the link legislation to the interests of the Iraqi people will contribute to the successful implementation of laws.

In its response to the interventions committees they confirmed that the body was formed under the Constitution and can not give it a larger role than is the decree and its private Maitalq to form a fund for imports Federal especially now that its role is evident in the verification of distribution and to achieve transparency and fairness in the distribution of income, pointing to link the body was the House of Representatives

Thoudy approval, pointing out taking into account the views of the ladies and gentlemen of the House of Representatives fueling law proposals.

For his part, called on the First Deputy Speaker Sheikh Hamoudi relevant committees to take advantage of the BSA to take advantage of the concept of justice.

Sheikh Hamoudi pointed to the pursuit of the Council to form a special committee to conduct an interim parliament and strengthen the role of the House of Representatives.

Said First Deputy Speaker Sheikh Hamoudi through presided over the afternoon session about the possibility of the presence of Mr. Haider Abadi, head of the Council of Ministers to the Council on Wednesday as the date first, and at his request, pointing out that the interrogation of Mr. Khaled al-Obeidi, the defense minister will be in session on Thursday, the first of October after Eid al-Adha.

He explained that the Presidency of the Council of Representatives is not an executive, but representative of the Administration Council and the Presidency is ready to offer all business related to its work in case Saalha by any deputy,

stressing the right of any member of the Presidency of the travel and with respect to Mr. President of the Council, there are official trips personal and other, alluding that the visit of President al-Jubouri to Qatar and Iran were on his personal account Lama visit to Britain it was part of a delegation representing all the ingredients and a formal invitation.

The Council voted on a resolution that includes compel the federal government to issue the necessary instructions governmental and non-governmental bodies to block porn sites in order to preserve the public interest.

This was followed by the Committee of Religious Endowments and Religious Affairs issued a statement on the occasion of the anniversary of the martyrdom of Imam Muhammad al-Jawad (AS), confirmed the that the Imam Jawad (AS) carry the concerns of Islam and his defense, calling for inspiration lessons and valuable lessons from the conduct of Ahl al-Bayt (AS) including unite the nation and raises would with Work on the face of satisfaction gangs that tarnished Islam.

Council and completed the second reading of the draft anti-terrorism law and submitted by the legal committees, security, defense and human rights.

In the interventions, ladies and gentlemen MPs, MP Mahmoud Reza pointed out that the ground spread terrorism at home and control is done by addressing the problem of unemployment and correct education curriculum.

MP Dhafer al-Ani identifying organizations that are classified as a terrorist and make them known at home and on the international and regional levels.

He noted the MP Abboud al-Issawi to the importance of the definition of terrorism funding sources and that the law includes sanctions against anyone who causes damage in transportation.

She said the MP flowers Turaihi that the law lacks a gradient in the application of punishments in line with the need to impose sanctions on those who provide misleading information.

For his part, MP Bakhtiyar Jabbar that many of the political, psychological and social problems because of terrorism, inquiring about the appropriateness of the imposition of the death penalty in many of the paragraphs of the draft law with the international public opinion.

MP Mohammed Naji urged the importance of tightening sanctions on terrorists in order to deter them and stop their crimes.

MP Haider cardioesophageal that the death sentence is not limited to those based terrorist organization, but includes the led.

The MP called Zainab visual coordination with international and regional bodies to bring the terrorists in the event of their escape, calling for the inclusion of media channels that promote terrorist speech within the anti-terrorism law.

For its part, he saw the deputy Najib Najib said the bill Eetmthel unification of legal texts claim to fight terrorism through the development of treatments and preventive measures and work to improve the living and economic conditions of the community to reduce youth belonging to terrorist groups.

He called MP Mutashar al-Samarrai to address the roots of terrorism and combat it through clear procedures.

And Rankin crossed the MP Abdullah surprised of attempts to ease the death penalties contained in the law.

In its response to the interventions of the Committee on confirmed taking into consideration the proposals and views, ladies and gentlemen MPs, noting that a lot of countries that Atqa out terrorist crimes as is the case with Iraq and set out in the laws of the provisions of the maximum, which is in the bill, noting that the loss of life unrelated to side living stressing that the law is keen to state sovereignty.

For his part, called on the Vice President of the Council, Mr. Iaram Sheikh Mohammed to take into account all the ladies and gentlemen of Representatives proposals, calling for the Committee on the treatment of overlap in the laws or other legal issues related to the organization.

As a student, first deputy to the President of the Council, Sheikh Hamoudi Committee to listen to the different views of the House and committees for the purpose of fueling the bill.

And then it decided to adjourn the meeting to next Wednesday 16/9/2015

The information department

Iraqi Council of Representatives

09/14/2015

Article Ends

 Article Begins

PARLIAMENTARY FINANCE DESCRIBES THE STAGES OF THE REFORM OF THE COUNTRY'S ECONOMY: URGENT AND PROGRESSIVE TAXES AND CUTS

Special scales News

He said the parliamentary finance committee member Haitham al-Jubouri, Sunday, on the progress of the government and the Parliament towards achieving the economic reforms of the country through two phases "hotfix" and "gradual reform".

Jubouri said L / scales News / "The government is taking major steps to reform the country's economy as a whole," stressing that "there are urgent steps to activate the taxes and customs in real time."

"The step other of the second phase include a radical overhaul and gradually the sectors of agriculture, industry, trade and other assistance to the process of production in the country in order to rely on national products", pointing out that "we are developing plans and programs and tools for activating those stages depending on the specialized expertise in the fields" .

It is said that "a member of the Presidium of the House of Representatives, Sheikh Hamoudi warned of" falling global oil prices, "stressing that" the country's economy "endangered" that is not the private sector and investment support as well as opening windows to other alternatives such as agriculture, industry, tourism, and production and other resources, which has suffered a recession for a long time, ".
Article Ends
Update: Fighting ISIS]

From everything I am hearing from Iraq ISIS is being contained but not defeated. But I believe that defeat is inevitable. For those of you who make comments that Iraq will never be free of terrorism and bombings I beg to differ with you. I believe that some day shortly Iraq will be safer than most major US cities. 

You have to understand parts of Syria are safe havens for ISIS. Syria we know is also a threat to Iraq but this too is shortly coming to a conclusion either way, meaning it will remain a threat and be confined, or Assad will be replaced and a new government will be established. 

The refugee problem too is not getting humanitarian attention around the globe as refugees pour out of Syria and spill into EU countries. Seems many EU countries can’t afford support for the coalition fighting ISIS but when it’s on your backdoor what do you then do?

Article Begins

US TROOPS RETURN TO IRAQ TO BATTLE ISLAMIC STATE — REPORT

160-strong force lands in Anbar, Asharq Al-Awsat says, to join campaign to push IS out of province’s capital Ramadi Aorce of 160 American army soldiers have landed in Iraq as part of ongoing efforts by a US-led coalition to defeat the Islamic State that has captured swathes of the country and its war-torn Syrian neighbor, the Arabic-language media outlet Asharq Al-Awsat said.

Iraqi security sources told the pan-Arab paper that the force landed at a military base in the Anbar province, from where Iraq is running its offensive against IS, Israel’s Walla news reported Saturday.

The base is already hosting hundreds of American Army personnel who are training the local forces, but this is the first time that a US fighting force has arrived in Anbar, the report said. 

The soldiers are expected to take part in an operation to oust the Islamic State from Ramadi, the capital of Anbar province, and some 70 miles (115 kilometers) west of Baghdad.

ISIS overran Ramadi in mid-May in a major setback for Iraqi forces, which had held out against militants in parts of the city for well over a year.

Coalition forces bombed a key jihadist command and supply hub in the Ramadi area last week. A video of the strike on a football stadium showed a massive secondary explosion at the site.

“The stadium was a key (ISIS) command and supply hub in the Ramadi region and was being used to store large amounts of homemade explosives, weapons and ammunition,” the coalition said in a statement.

“Destroying this hub will significantly disrupt (IS’s) ability to conduct operations and resupply their fighters in Ramadi.”

The group seized swaths of Iraqi territory in a June 2014 offensive, and coalition forces are carrying out daily air strikes against the jihadists to assist Iraqi forces, which have made little progress on the ground in recent weeks.

Article Ends

Article Begins

PARLIAMENTARY DEFENSE AND SECURITY MEMBER CONFIRMS THE EXISTENCE OF US PRESSURES TO PASS THE LAW NATIONAL GUARD

RADIO NAWA   09/14/15   18:57

 A member of the parliamentary committee on defense and security, Iskandar Witwit, Monday, the presence of US pressures to pass the law in its current form for the National Guard.

Witwit said in a statement, told (Information) that 'there are US pressures exercised on the Iraqi Government to pass the Law on National Guard in its current form, which would be the beginning of the partitioning of Iraq', excluding 'passing the law in the present time because there are disagreements [which] had not yet been resolved'.

He explained that ' the question of impossibility of passing national guard due to the fact that the Ministry of Defense and of the Interior legal standing as an impediment to him and therefore has not been approved within the Iraqi Parliament.

 He pointed out that, ' the Union's claim that the National Guard is formed only of the provinces controlled by terrorist bands daash represents injustice right popular crowd forces offering sacrifices and martyrs in the battles against daash in those areas.

Article Ends

Till next time…. Auf Wiedersehen!