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11am April 10th, 2016

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Table of Contents

Dinar Updates Saturday AM Chat  4-9-16    Part 3 of 3

rcookie says to Holly1():THEY ARE CONFIRMING THE RECENT MEASURES BEING IMPLEMENTED IN THE AUCTIONS...
 
rcookie says to Holly1():OFFERING TO CITIZENS THROUGH RAFIDAIN...CAPPING THE VIG AT 1200...REDUCING CURRENCY LEAVING COUNTRY TO 3000 FROM 5000...
 
rcookie says to Holly1():ALL PURPOSED TO DIFFUSE THE PARALLEL MARKET AND CONSISTANT..
 
 

 ~~~
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Dinar Updates Saturday AM Chat  4-9-16    Part 2 of 3

rcookie says():"In between Bayraktar, that" the Court held that Article 78 of the Constitution has empowered the Prime Minister and the right of the dismissal of the minister with the consent of the House of Representatives ,
 
"pointing out that" the text absolute in the exercise of this right was not required by the stated reasons , "adding that" the decision said that the Prime Minister and in accordance with the constitutional text is the direct executive responsible for public policy of the state.
 
"With regard to a question about the permissibility of the House of Representatives to vote in a decision issued by agreeing to dismiss the minister on combined time itself to approve a replacement set, Bayraktar explained that " the court and through the review of the provisions of the Constitution in this area has not seen the letter prevents that."
 
 it is scheduled to resume the House of Representatives sessions next Tuesday in conjunction with the ten - day time limit for resolving end cabin cabinet, amid a sharp debate about the candidates with the withdrawal of some of them.
 ~~~
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Dinar Updates Saturday AM Chat  4-9-16    Part 1 of 3



DIGIman1 says():  had to bring this.....it just gives me a nice warm feeling... firefly "Design and implement an Integrated Financial Management Information System (IFMIS) with the assistance of the World Bank; as a first step, adopt, by end-April 2016, a road map detailing its core functional requirements..." ...
 
adopt, by end-April 2016...IMF's words, not mine. I'm not giving dates/deadlines...IMF and Iraq is!
 
A country has to send the IMF a letter of intent prior for approval...Which then goes to the BIS for the seal of approval...The BIS then informs the IMF. IMF stated that Iraq WILL join the global economy during the 1st half of 2016. Actual wording was...The global market...Sounds good to me.
 ~~~

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Mnt Goat Saturday Post - "Quick Update- Building the New Technocratic Govt - Compromises"  Part 2 of 2

So the big questions we all want to know is - Can they vote of the new cabinet in time to avoid another mass demonstration, this time using more force to enter the green zone? Or will they delay the process longer and we will have to wait longer for them to get the GOI fully formed?
 
I quote from the article below - "the chairman of the parliament confirmed that it would call for an emergency session Saturday or Sunday if completed the political blocs and the elves charged with studying the biographies of the candidates for the purpose of voting on the cabin ministerial '.
 
So it seems they still fully intend to meet the Monday 4/11 (the 10 day period) deadline to ratify the new ministers.
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Mnt Goat Saturday Post - "Quick Update- Building the New Technocratic Govt - Compromises"  Part 1 of 2

1 Comment
 
( Thank you George for emailing this so Recaps can post it.)

MNT GOAT NEWS LETTER             Edition: UU6923                  Dated: April 9, 2016
Title: "Quick Update- Building the New Technocratic Govt - Compromises"
 
Hello Everyone,
 
Lots and lots of recent news to conclude this week. I have tried to bring it to you as it was delivered to the news channels and in the logical order and summary. It could get very confusing since the process moved so quickly this week. As we know they only had 10 days to conclude this technocratic govt - tic toc only days away.
 
Today news is full of compromises as the National Alliance was not happy the way Abadi was conducting the cabinet reshuffle. As usual the National Alliance is not happy and as usual they stand by and try to muddy the waters at the very last moments. 
 
I also want to emphasis something that maybe most overlooked in the political process of forming the new government of Iraq in 2014 and compared to what is not going on.

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Bits and Pieces in Dinarland Saturday Night 4-9-16


WSOMN:

AdminBill:  GOOD EVENING - INFORMATION REMAINS POSITIVE. I WILL HONOR THE REQUEST TO FILTER INFORMATION ALTHOUGH I HAVE NOT RECEIVED SUCH A REQUEST FROM ANY ONE YOU WOULD SUSPECT WOULD MAKE SUCH A REQUEST. RUMORS PAST FROM ONE GURU TO ANOTHER DO NOT COUNT IMO.

Hunter: I have heard that there is appreciation in high places for the general level of respect about the request for silence on sensitive intel for the time being and it is helping.....

The only intel is that the higher ups are appreciative of the general level of maturity that is being shown in Dinarland over plugging intel leaks about sensitive intel that makes them have to rework their timelines. so it is helping us. Think about it as practicing for being under an NDA.

Hunter:  it is not an order, it is a request.... And it is to our advantage at the moment.

Hunter:  I think most of us would agree? that we would rather see this sooner rather than later? It comes from very high,
....

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BLC Admin Tlm724 News & Comments  4-9-16  Part 2 of 2


 
 
 
A parliamentary committee: a large exhibition economy collapse because of the government's inability to save him 
 
09/04/2016   BAGHDAD / JD / .. of the Committee on Economy and Investment parliamentary warned of a possible economic collapse because of the government's inability to find the necessary to save the economy out of the current crisis solutions
 
Said committee member MP Ali Sobhi al-Maliki told / KD /: "The Iraqi government totally unable to rescue the economy from its current crisis," adding that "the continued decline in oil prices in the absence of proper planning to activate other economic sectors will lead to a major economic collapse and possibly go into the economic abyss.
 ~~~

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BLC Admin Tlm724 News & Comments   4-9-16  Part 1 of 2


Post From BondLadys Corner  4-8-16 

BLC Admin Tlm724 News & Comments   4-9-16  Part 1 of 2
 
 
Source: coalition forces will meet tomorrow, headed by al-Jubouri to determine the position of the government of technocrats
 
Political  Since 09/04/2016 13:25 pm (Baghdad time) Special - balances News   Parliamentary source revealed, the Union of Forces, on Saturday that the coalition blocs will meet on Sunday at the home of House Speaker Salim al-Jubouri to give the position of the government of technocrats.
 
The source, who declined to be named for / balances News / "The Union of Forces will decide during a meeting to submit the names of candidates for ministerial posts in the government of al
 
The source indicated that "the powers of the priorities of the Union, which will put in the paper of change and reform is the return of displaced people to their areas of orthodontic Daash from the grip of terror, as well as facilitating the arrival of the displaced to their areas."
 ~~~

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The below posts were in our 6pm newsletter

More News, Rumors, and Opinions Saturday Afternoon 4-9-16

  3 Comments
  
WSOMN:

AdminBill:  THIS IS SHAPING UP TO BE AN INTERESTING WEEKEND. DOES IT MEAN AN RV? THAT IS THE 64 MILLION DINAR QUESTION.

ABOUT THE ZIM - I WAS TOLD EARLIER THIS WEEK THAT THE ZIM RATES WOULD BE GOOD BUT NOT ASTRONOMICAL. ALSO TOLD THAT THERE WOULD BE A LONG TERM TAX INVOLVED FOR THE EXCHANGE BUT A TAX RATE WAS NOT GIVEN.

I STILL SAY STICK WITH TONY'S PLAN OF SETTING AT LEAST 50% ASIDE FOR THE TAX MAN....

THERE ARE MANY INSTANCES WHERE I HAVE TALKED TO CONTACTS THIS MORNING THAT HAVE PROVIDED ME WITH SOLID INFORMATION THAT HAVE CONFIRMED THAT SOME OF THEIR SOURCES HAVE GONE QUIET SINCE THURSDAY.

OF COURSE, THIS COULD ALL BE COINCIDENTAL BUT IT DOES MAKE ONE WONDER WHAT IS GOING ON IN THE BACKGROUND.
....

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Dinar Updates Friday AM Chat  4-8-16    Part 3 of 3
 
rcookie says():SO THE IMF EXECUTIVE BOARD GRANTED A NON COMPLIANCE WAIVER...AND CONCLUDED NO FURTHER REMEDIAL ACTION WAS NECESSARY....
 
rcookie says():The noncompliant disbursement arose as a result of misreporting on the observance of the standard continuous PC for the non-imposition or intensification of restrictions on the making of payments and transfers for current international transactions.
 
In October 2012, staff learned that during the last quarter of 2010 the Central Bank of Iraq (CBI) issued three circulars on the daily  foreign exchange auctions that gave rise to exchange restrictions subject to IMF jurisdiction.
~~~

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Dinar Updates Friday AM Chat  4-8-16 Part 2 of 3


msdiva says(): So no need for Shabibi since hes 74 I had no idea he was that old
clay says to msdiva():would be a great advisor
 
msdiva says():oh well i guess the cbi is stuck with ali alak
clay says to msdiva():I just want them to increase their value globally
clay says to msdiva):then Iraq is history in my book
 
rcookie says():the imf told iraq when they were co-authoring the 2016 budget...and preparing the loi/mefp/tech mou that a big part of their fiscal program and commitment for 2016 was to be to provide non oil revenues in line with non oil expenditures....
 
they mandated iraq to collect 8.8 trillion in non oil revenues...of which only 1 trillion could come from the increase in wage taxes....that means they need to generate 7.8 trillion in non oil revenues.....here it is from imf loi...
 ~~~

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Dinar Updates Friday AM Chat  4-8-16    Part 1 of 3

  DINAR UPDATES 4-8-16
Post From Dinar Updates
Chat Room Excerpts & Highlights

Dinar Updates Friday AM Chat  4-8-16    Part 1 of 3
 
DIGIman1 says to LLN65():i was just noticing in the blog.....yesterdays auction numbers.....
LLN65 says to DIGIman1():oh do tell :)
LLN65 says to DIGIman1():are they down
 
DIGIman1 says to LLN65():29 banks...thats really high...and only 90M sold....
LLN65 says to DIGIman1():good sign eh :)
DIGIman1 says to LLN65():sorta tells me things are restructuring...hopefully the 'thinning' trend continues...quickly...lol
 
DIGIman1 says to LLN65():gm cookie .... care to offer your opinion on that?
rcookie says to LLN65():WHts that... the auctions...
DIGIman1 says():yes....

rcookie says to LLN65():sure....we know exactly what they are doing...
rcookie says to LLN65):ready...
rcookie says to LLN65():oops..
~~~

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News, Rumors, and Opinions on a Quiet Saturday Morning 4-9-16

  3 Comments
  
Dinar Updates:

Q:[...US Secretary of State John Kerry met at the US embassy building in Baghdad delegation of the Kurdistan region, headed by the Prime Minster Nechirvan Barzani and the new Kerry during the meeting support for the province of Peshmerga forces...] 
 
Poppy3:  Kerry...FOR WHAT HIS WORDS ARE WORTH...HE PRAISED IRAQ'S PROGRESS IN MANY AREAS AND TOLD THE PEOPLE OF IRAQ TO BE PROUD AS THEY ARE ABOUT TO RE-ENTER THE GLOBAL ECONOMY.

HE HAS TONS OF DIGNATARIES WITH HIM FROM OTHER COUNTRIES.

RUMOR SAYS THEY HAVE PROMISED THE PROTESTORS AND ARE HANDING THEM A 50 DINAR BILL TO GET THEM TO STOP THE PROTEST FURTHER. MOST WHERE ACCEPTING IT AND LEAVING .

TIME WILL TELL.... ARE THEY READY OR NOT.
....

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