Category: Dinar

It’s gonna be a good year folks

Shredd:   Abadi & Shabibi = dream team. It’s gonna be a good year folks…imo IMF is eager to see Iraq out of the dual currency status. imo, this is the year we will see currency reform begin, we may choose to wait it out longer for a greater return but imo there is no way the rate will be 1166 a year from now…too many indicators saying so. CBI said gradual process to begin first part of this year and the constipation of Maliki is gone so with govt support, we should expect the plan to move forward.

Bits and Pieces in Dinarland Late Mon.PM/ Early Tues.AM

Early Tuesday Morning:

KTFA:

sigshome ? January 13th, 2015, 7:20 am? ???Dollar 92.22

w8tn4it2rv??? I’ll let the cat of the bag.

IMO….The president already signed the budget on 12/27/14. This week is the 15 day constitutional time frame.
….

—————————-By Walkingstick

 

Once, approved by Parliament…The budget, is sent to the President of the Republic, for… signature (ratification) … (Article 73) of the Constitution.. The budget and or any laws (enacted) sent to the President, from the (Council of Representatives) for, signature, considered… ratified ,15 days from the date of receipt. The budget, retroactive.. Jan 1st
—————————-
The federal public budget law of the Republic of Iraq for the year 2015

Article-41.

This law shall be published in the Official Gazette and implemented as from 1 January 2015
Dr Fouad Massoum the President of the Republic Rationale

For the adoption of the general budget of the Republic of Iraq for the fiscal year 2015 initiated this law.

27/12/2014 12: 00 am
(Date signed by President Fouad Massoum)

In the name of the people
The Presidency of the Republic
Decision No. ()

As passed by the House of representatives in accordance with the provisions of item (I) of article (61) and item (iii) of article 73 of the Constitution.
The President of the Republic decided to date//2014
Issuance of the following law:

Law No. () of 2014
The federal public budget law of the Republic of Iraq for the year 2015

http://www.alsabaah.iq/ArticleShow.aspx?ID=8

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Aggiedad77:?? Good Morning w8tn4t2rv,

I will still contend that all you have here is a mere shell of the “draft” budget document…..it lacks the decision number, any date that President Masum would have actually signed the document, the law number assigned to it…..it has not been placed in the Gazette as yet…..and at the time Parliament had only had one reading on the budget, that of 12/25/2015.

They have just spent a number of days on the second reading of the budget and have announced the vote to take place on Jan 20….this all from their official website.

Aloha??? Randy

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Stage3Alpha:

Sqwatchy January 13, 2015 at 7:28am more market manipulation today. Gold? is up….DXY is up….and?oil? is falling to its bottom…..it will crash the $40 barrier it appears this month…all in the set up.

R.V. / GCR January 13, 2015 at 7:20am

CONNECTING DOTS…. … . . Ben Fulford Blurb: The Internationally Traded US Dpllar is now backed by gold:

https://www.youtube.com/watch?v=M5h-NsX9uxQ&feature=youtu.be

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TNT;

Lena: Good morning to everyone. I just read the call notes and read the international rate for the Dong was .47 cents per DC. Is that because the price of oil being down so much?

TBarts: The contract has been like $1.02 up to $2 something

Parliament calls for its Finance Committee to prepare the final version of the budget

demanded the Presidency of the Council of Representatives parliamentary finance committee to prepare the final version of the law of general federal budget for the current fiscal year, for the purpose of presentation in a meeting on Tuesday of next week and vote on it.

The decision of the parliament architecture Niazi Ihsanoglu in a press statement seen by the agency {Euphrates News} “The House of Representatives ended on Monday the second reading of the draft budget,

indicating that the Presidency of the Parliament Finance Committee called for the preparation of the final version of the budget law.”

He added, Ihsanoglu said “the budget will be approved for the first once in the constitutional term of 11 years ago, adding that the next meeting will be crucial for the vote on the law. ”

raised the presidency of the parliament parliamentary session today to Tuesday next week, with a parliamentary source said that the parliament ended its second reading and discussion of the budget law.

LINK

Jubouri, Allawi discuss political updates in Iraq

The Speaker of the Iraqi Parliament Salim al-Jubouri discussed with the Vice- President Ayad Allawi and accompanying delegation on Monday the latest political updates in Iraq.

Statement by Jubouri’s office received by AIN cited Monday “Both Speaker Jubouri and VP Allawi discussed the file of the national reconciliation and the last initiative of dialogue and reconciliation launched by Speaker Jubouri.”

“Both sides agreed to unite future stances and visions over important files which might reflect positively on the Iraqi situation,” the statement added. /End/

LINK

Stryker discusses the second reading.

Stryker The Parliament completed the second reading today and adjourned until the 20th and at that point they should read it for the third time, vote and approve it. It is my understanding that the Finance Committee needs this much time to redraft it according to all the changed require, including a final crisis per barrel dollar amount that they can live with. The IMF has ask them to make sure that the 2015 Budget is a realistic one and why it is taking so long to get right but rest assured that this will be the first time Iraq has passed a budget in the constitutional period according the the President of the Finance Committee. Just one more achievement for PM Abadi’s new government. One more important piece of information, the Central Bank will be changing it’s monetary policy to help support the deficit next year and for years to come.

 

OOTW talks about budget allocations.

OOTW …the articles we’re seeing saying there’s no allocations for the national guard and that the provinces haven’t received allocations in the budget are good indicator’s they’re going to take care of these items…which means…the national guard law, law 21 and the fed council are going to be approved…they’re interconnected. “Committee of the Regions in the review meeting the reality of the provinces January 11, 2015″ we’re cooking with gas when we get law 21, national guard and fed council enacted…beg of some kind of stability for private sector and investment development.

 

BLC Admins Chat 

BLC Admins Chat 01/12/2015

[Shredd] Abadi & Shabibi = dream team. It’s gonna be a good year folks

[Shredd] imo IMF is eager to see Iraq out of the dual currency status

[cat] Shredd hoping this is our year 

[Shredd] cat imo, this is the year we will see currency reform begin, we may choose to wait it out longer for a greater return but imo there is no way the rate will be 1166 a year from now
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[cat] Shredd thanks always for your input

[Shredd] too many indicators saying so

[Shredd] new large notes mitigated terrorist funding….a big checking of the box for the CBI ,a notes reset button if you will

[Shredd] CBI said gradual process to begin first part of this year

[Shredd] and the constipation of Maliki is gone   

[tlm724] Shredd gm   

[Shredd] so with govt support, we should expect the plan to move forward

[Shredd] gm miss timmy waiting for my 9am meeting to start so just rambling  

[tlm724] ramble away my friend   

[cat] yes

[therealbubbie] Shredd on Dinar Trade they have a live stream and us/dinar showed 1138 .. half hour later it’s showing 1141. the lowest I’ve ever seen it on DT was 1164 just saying !!   

[Shredd] yeah my dad watches those trends too tells more than peeps think shows us demand effect

[tlm724] this begs the question why DT is showing a fluctuating rate ?

[Shredd] right

[therealbubbie] tlm724 now stop that !! lol    
  

[tlm724] therealbubbie pfft lol   

[tlm724] therealbubbie why do you think they are ?

[therealbubbie] tlm724 I have no idea I will be checking it throughout the day !! 

[tlm724] okay bubbies ty !

[Shredd] tlm724 quick thought

[tlm724] yep

[Shredd] on the lower dinar pricing…..precursor for us how demand will skyrocket when the official dinar rate moves even a tiny bit

[Shredd] demand will explode and we will be able to exchange higher, sooner and faster than at official rate

[tlm724] yes I agree Shredd and also this shows how quickly the rate will move, mere moments

http://www.bondladyscorner.com/t110311-blc-admins-chat-01-12-2015

Wma talks about coming closer to entering the global community.

wmawhite when it comes to the unity of Iraq…today’s announcement that the Saudis (Saud Arabia) has a building for their embassy on Iraq is huge! The Saudis are Sunni…as is Anbar Province. The Suadis deciding to reopen their embassy in Iraq is regional recognition for what PM Abadi is doing in bringing Iraq together. This brings Iraq’s entrance into the global community closer.