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Saturday, June 2, 2018

KTFA: NEWS ABOUT IRAQ, 2 JUNE

KTFA:

DLR:  Rich people have small TVs and big libraries,and poor people have small libraries and big TVs - Zig Ziglar

Chermtg:  i love that word implementation and i also love the immèdiate, now come on boys put the two together and do it....cant blame a girl for trying.. (big smile)

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Don961:  Iraq parl't adjourns extraordinary session until Wednesday

June 02 2018 03:01 PM

Iraqi parliament
 
Iraqi parliament on Saturday adjourned its extraordinary session until Wednesday.

The Saturday session was due to discuss amendments to the election law. 

MP Riad Ghali said that no more than 30 MPs attended Saturday's session.    link
  
Jay:  All imo.  Blessings Don and hello.  The 30 that showed up were all or some of the corrupt ones who want these amendment(s) done. All those that didn't show either don't care, have stopped their corrupt ways or they were/are not corrupt to begin with.  This  is very very good. I think that Wednesday's meeting will have the same results.   In other words quit your crying cupcake. Be gone or be in prison. Soap on a rope anyone???

2Cents:  Hahahaha Jabouri............YOU LOST!!!!..........Accept it!!!!!.......You are out of here!!!!   Get ready for the corruption files.....

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Don961:  Shadow Economy

02/6/2018 5:02 PM 

Thamer Hymes 

According to statistics and studies, the share of the shadow economy worldwide, according to the statistics and studies, is 5 percent of the international GDP according to a US State Department report. The parallel economy is generally defined as a national or local product that is not under the state's umbrella such as craftsmanship and simple work. . 

Elements of a shadow or shadow economy include all activities that escape from the tax authority, ranging from money laundering to drugs through spraying, black market, gray or other illegal activities. 

In developing countries, the proportion of the shadow economy in the national product is higher than that of developed countries. Paradoxically, America ranks first in the parallel economy, which may be due to the uneven income of Americans. 

For example, customs duties and taxes are estimated at $ 3 billion and the equivalent of $ 3 billion is not met. This amount, at least according to Iraqi economists, is enough to serve the public debt, which is a cornerstone of the economy. We have no customs and non-tariff exemptions in this resource, which have been established for certain reasons but do not serve the economic process. 

The exemptions are not legally valid, according to most constitutions, because they do not directly serve the national economy, especially at a critical stage. Thus, exceptions are exempted unless the parallel economy is brought to an end because it expands in a way that leads to legal and administrative complications. The economic scene and intersect with the golden rule of the centrality of tax and customs, which is in the state treasury to change them. Such illegal money requires gradual remedies and comprehensive education, to embarrass the beneficiaries of illegal exemptions or to embarrass the evaders and expose their interlocutors. 

We hope that the emerging economists of the parliament will put the matter in the list of priorities and legislations, because the danger of the shadow economy is like the danger of arms outside the control of the state. Therefore, the intersection between the central administration and decentralization should be dismantled and the work of the regulatory bodies should be dismantled so that administrations can adjust their inputs and outputs and programs, Diverse and parallel authorities that are not integrated with the formal economy, thus contributing to putting an end to this bleeding in order to promote the inviolability of public funds.    link

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Don961:  Iraq maintains its status of gold reserves

02/6/2018 5:02 PM 

Capitals / follow-up morning 

States have huge gold reserves to use when necessary and to support the value of their currency, especially if they want to print more money and pump it into local markets. 

Gold reserves contribute to currency appreciation and protection from collapse. 

Saudi Arabia ranked first in the Arab countries and ranked 16th in the world, in possession of gold, during the current May, with reserves of 322.9 tons, 2.7 percent of the total reserves, according to the latest report of the World Gold Council, while Lebanon ranked second in the Arab world and 19 globally, With reserves amounting to 286.8 tons, representing 21.6 percent of the total global reserves. 

Algeria ranked third in the Arab world and 24 in the world, with reserves of 173.6 tons, 7 percent, Libya ranked fourth in the Arab world and 31 in the world, with reserves of 116.6 tons, 6.3 percent. 

Iraq ranked fifth in the world and ranked 37th in the world with reserves of 89.8 tons, 7.8%, followed by Kuwait, which ranked sixth in the Arab world and 39 in the world, with reserves of 79 tons, 8.7%, Egypt is the seventh Arab and 40 global, percent. 

In May, Russia advanced to China, the world's second-largest economy, with gold reserves. Its annual reserves rose by 210 tons of gold, up 0.7 percent from the same month last year. 

The report showed that Russia ranked sixth in the world in 2018, the size of reserves reached 1890.8 tons, accounting for 17.6 percent of the total reserves, while China came in seventh place with reserves of 1842.6 tons, accounting for 2.4 percent of the total reserves.

The United States ranked first with reserves of 8133.5 tons, 75 percent of the total reserves, followed by Germany with a total reserves of 3372.2 tonnes, or 70.3 percent. 

The International Monetary Fund came third with reserves of 2,814 tons, Italy came in fourth place with reserves amounted to 2451.8 tons, or 67.8 percent. 

France came in fifth with 2,436 tonnes, 63.4 percent, followed by Russia and China in sixth and seventh respectively. 

On a year-on-year basis, the United States also ranked first in May 2017 with reserves of 8133.5 tons, 75.1 percent. Germany came second with 3377.9 percent, 69.4 percent, and the International Monetary Fund with 2,814 tonnes. 

Italy ranked fourth with reserves of 2451.8 tons, or 68.3 percent, followed by France with 2,435.9 tonnes, or 64.2 percent. 

China came in sixth place with reserves of 1842.6, 2.4 percent, and Russia seventh with 1680.1 percent, 16.9 percent.   link

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