Sunday News Summaries and Commentaries
Sunday morning and I overslept so am playing catch up to the news this morning….my fingers must fly to capture all the news that has been posted thus far…..wish me the best and I will do my best to sort thru things in a logical manner…..we do see the CBI talking…..Kuwait talking…..Abadi urging fugitives created by the old government to return to Iraq….and the retaking of Mosul on the cusp of days to come.
Exceeded the candor line .. “Baghdad news” dialogue Governor of the Central Bank:
WOW what an extended interview with the governor of the CBI….many areas were covered with excellent candor on his part….some keys that were discussed included the draft money-laundering law…..the stability found within the dinar-dollar exchange rate…..
The CBI will administer bonds being issued to the government….helping to administer a bond market within Iraq and the ISX….discussion was included on the benefit to Iraq and it’s people with the compulsory savings program based on income levels….definite answer that states the CBI operates separate from the government without pressure from politicians or the media to go in directions that would be considered illegal….with regard to a currency reset the project remains in place….
They continue to look to ways to introduce the newly printed currency with added safety features to prevent counterfeiting while the old currency remains in place at the same time….what an incredible amount of information he shared at this point…..very willingly.
Key economic events in Iraq through 2014
An interesting article of a year in review for Iraq….from January through December….two differing governments…..the falling prices of oil world-wide……there were a number of things that have aided Iraq economically during the year, some of which I think has hindered them too…..I believe the “positive” aspect of things is simply in the eyes of the beholder….depending on who supplied the facts at the time of the story……..in my opinion the good that came post September far outweighs any good that might be claimed prior to September.
Abadi call for the establishment of a joint bank with Turkey
It is PM Abadi’s desire in his attempts to continue strengthening economic efforts between Iraq and Turkey to work towards the opening of a joint bank between in the two in Iraq….already we are seeing memorandums associated with water resources, electricity, and oil.
Parliamentary Security: The coming days will witness the liberation of Mosul Aldoaash
Watch for significant troop movement and efforts to liberate Mosul….this will stem from multiple axis including the Kurdistan as well as air support supplied by international coalition forces….there has been an overwhelming support for this retaking of the northern city by large numbers of volunteers…some of which have been absorbed into the militias but there still remain many young warriors who wish to help in this fight….a very different cry from when the terrorists first walked into town back in June.
Families of jihadists evacuate Mosul as Baghdad prepares for major offensive
IMO…..this is not a great way to eradicate the terrorists in the area….giving them over a month’s forewarning of an impending attack….the little cockroaches will simply move off under the cloak of darkness to other areas and prepare to inflict their pain once again…..who is in charge of this counterproductive media blitz….someone from the US?…..good grief….meanwhile Kurd President Barzani continues to study the input that the Peshmerga may have in this upcoming effort.
Fayad: must approve oil and gas law to address the financial crisis
It is believed that by approving the oil and gas law the current economic crisis within Iraq will be addressed….this would come supposedly in the equal distribution of wealth that stems from the export of oil….at the same time ensuring justice for Iraqi citizens through a special fund created on their behalf…..the differences seen in the past between Baghdad and the Kurds may be melting away and thus leading to the real possible distinction for approval of the law that has been shanghaied for a number of years because of prior disputes…..the Speaker of Parliament is preparing the way to bring this law to the forefront of importance for Parliament upon their return from recess.
An invitation to reconsider issuing a new edition of the Currency
I’m going to call attention to this article solely because the person being interviewed mentions 2016 as the year to delete the zeros…..but once again my focus……this person has an opinion and is expressing that….does that by itself make this something to believe in…..IMO….NO…the CBI governor has spoken out that they are poised to carry forth with this project….put much more trust in his words than the mere opinion of an economist….
Now Dr. Saleh is also quoted here as saying that the projects associated with the recent printing of new currency is a “strategic commodity”….even tho costs associated with it may be high….again….we also are hearing from members of the government who do not control the actions of the CBI….but they can sure offer their opinions as to what they see should be happening…..don’t get caught up in these attempts to grandstand.
Abadi Tries to Bring Former Iraqi VP Hashimi Back from Turkey
PM Abadi is certainly making every effort to right many wrongs that can be blamed on the old government within Iraq….his latest effort includes trying to entice former Iraqi VP Hashimi to come out of hiding within Turkey and to even assume some of his efforts within the political process…..former PM Maliki accused him of murder and saw him sentenced to death in 2012….Abadi is having the court of today review those charges to determine if they were valid or trumped up as so many other charges were at Maliki’s request.
China to Open Consulate in Erbil
China is expressing an interest in solidarity with the Kurds and is stepping up to open a consulate office in Erbil in the near future.
Abadi looking dues Basra and expand the powers of its board
I find it interesting and encouraging to see PM Abadi not only present at this meeting but actually chairing the meeting….I think he is going an extra mile to show the provinces how he believes they should be more in charge of what they in fact control within their respective areas….as he continues to broaden the responsibilities within the provinces….something he predecessor was deathly afraid of doing and was adamantly against.
A source in the prime minister: Shabibi will return to his central bank governor
According to a source within the office of PM Abadi….Dr. Shabibi will be asked to return to his role as CBI governor…..oh how fate has a way of working things to one’s benefit….this comes after the Dec 22nd acquittal of Shabs from charges filed by the previous government.
Abadi Office: Iraq Reconstruction Fund turned into an international character
Iraq Reconstructive Fund…..being impacted in a big way from the international arena….as efforts are implemented to undo damage associated with recent terrorism activities since last June….this includes France who had stayed at arms length in the past to Kuwait…once an enemy of the state….these efforts are working in a proactive way to rebuild physically as well as aiding displaced citizens and families to return to their former lifestyles….I believe this rebirth of international efforts of support for Iraq and it’s people will also aid in the unifying process that is ongoing for them.
Suspicion sneak into Shabibi file .. the judge who sentenced Iberih charges
Long article that basically points to an interesting twist of things within the Iraqi judiciary….the same judge who sentenced Shabs is the same judge who acquitted him of any wrong doing just last Monday….so which side of the fence does he really sit on….or was he truly that coerced by Maliki to convict an innocent group of people….how brutal.
Stapes: the necessity of activating the customs tariff away from the basic needs of citizens
A National Alliance MP is calling for the activation of the customs tariff for Iraq….something they are the only country not doing at this time…..this is a call for a electronic system that would not be bothered by prior issues with corruption….to also try to alleviate higher costs being passed along to limited income Iraqi’s it is being recommended that taxes not be imposed on essential commodities like food, medicines and other essential items.
Well that is enough for the time being…..some interesting topics today no doubt….enjoy.