Wednesday, April 25, 2018


Greatlyblessed:  The Iraqi Payment System has not experienced a breach or a problem
Economy News Baghdad:

The governor of the Central Bank Ali al-Alaq, that the Iraqi payment system did not witness a violation or a problem because it is considered one of the best systems in the world.
The payment system in the Central Bank of Iraq is one of the best in the world and has not witnessed a breach or a problem over the past period,” he said during an interview with Visa International in Baghdad.
He added that “the elements of safety and permanence and accuracy in the operations within the payment system has made it one of the best systems in the world,” noting that “the settlement processes carried out by the payments system amounts to more than 14 trillion dinars per month


Boom: Treasury kills 305 regulations, IRS hammered

by Paul Bedard    | April 24, 2018
Acting on President Trump’s demand that his cabinet secretaries gut Obama-era federal regulations, the Treasury Department on Tuesday said it has cut over 300 standing and proposed rules with a focus on the Internal Revenue Service.
In a new 20-page report, Secretary Steven T. Mnuchin highlighted the elimination of 305 regulations, including those proposed, and the wiping away of 298 IRS “deadwood” rules.

“Reducing unnecessary burdens will lead to increased economic growth, greater job creation, and a fundamentally stronger economy for our country,” said Mnuchin. “Regulatory reform is a key component of the president’s plan to make American businesses more competitive and create opportunities for hard-working Americans,” he added.  
In its effort to comply with Trump’s orders, including killing two old regulations for every new one imposed, Treasury officials put a spotlight on the IRS where several major rules, many pushed by the Obama administration, have been killed.
Among those was one that let the IRS use non-governmental outsiders to audit Americans.
It has also set up a plan to change or eliminate up to 20 other key IRS rules.

The key highlights from Treasury:

Eliminating, reducing, or proposing to eliminate more than 300 regulations in total, including ineffective, unnecessary, or out-of-date “deadwood” regulations.
Reducing Treasury’s regulatory agenda by approximately 100 items, year-over-year, from Fall 2016 to Fall 2017.
More than 250 specific Treasury recommendations to reform and reduce the burdens of regulation in the U.S. domestic financial system.
Introducing zero new significant regulatory actions.

Samson: Economist: Cannot take advantage of the increase in oil prices at the moment

09:47 - 24/04/2018 

The economic expert Hamzah al-Jawahiri said Tuesday that it is not possible to benefit from the rise in international oil prices during the current time, pointing out that the budget law does not allow to spend too much money on what the budget has calculated.

Al-Jawahiri said in a statement that the "high oil prices to more than 70 dollars a barrel is a very good indicator of the recovery of Iraq's economy, but this increase can not be used at the moment," noting that "the budget voted on them by calculating the price of a barrel of oil Up to $ 46, as more than this amount can not be disposed of until the end of this year. "

He added that "the budget law does not allow the disposal of excess money than what was calculated by the budget, where it is placed in the Central Bank and not be affected until the end of this year," noting that "this extra money can be used to improve the salaries of the popular mobilization after the end of 2018, where The increase in oil prices is an important factor to eliminate the deficit in the budget and the payment of loans and debt arising from Iraq.

Al-Jawahiri stressed that "the prices of oil may return to the landing again, where can not take Iraq a wrong step towards the disposal of money obtained from oil," noting that "the provinces that get their share of the petrodollar can not benefit from this large money only after the end of the year Current, then entitled to dispose of the allocated amount of oil money. "   LINK

Frank26:  DELTA INCLUDED THIS !!!  (Monday CC)

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