Hello Everyone.

This news letter today is mostly about the paying of these pensions in Iraq and how it relates to the continuing RV saga.

As I have said many times in previous news letters, when we see repeatedly many articles about a subject matter in a short period of time – PAY ATTENTION. This news is VERY important!

So I decided to dedicate almost entire news letter to this subject matter since I believe it is that important.

Plain and simple- it is pressure, pressure and more pressure on the Abadi government to clean up the corruption and get these reforms implemented.

As the news letter continues you will see the results of this pressure and one of the long awaited reforms is about to be voted on ….finally implemented….lol….lol…This is one of the golden nuggets for today.

It all comes down to a paradigm shift in the way the Iraqi government has been run for the last 30 years. It is not as easy task but one that will be AND must be overcome (or we will not see any RV).

Today’s News

Today is Wednesday October 14th and still no RV.

So why is this topic so important about these late pension and salary payments. Let us look at the issues involved.

The government shut off these payments in territories occupied by ISIS / DAASH. They did this to prevent the funds from getting into the hands of the terrorists. Three ways the terrorists were getting this money: 1) defecting Sunnis over to ISIS, 2) stealing it from the Iraqi people 3) threats of violence and fear of death if they did not forfeit their pension money to ISIS. So the solution was to cut off the payments until these regions could be cleared. Now that some of them are being cleared there is yet another issue evolving, the issue of where did you get all your money from since your salary did not provide for it?

Quote from the articles below – “The government is facing a series of complications in the process of applying the principle of “Where did you get this? That the Prime Minister recently announced his intention to apply it in line with the escalating protests in several parts of the country”. Their words not mine. No hype, No rumors, just the FACTS.

This issue is being raised too by the integrity commission since disclosure of their net worth full financials is not accurate in most cases since their salaries did not pay nearly as much as they are worth. Also the number of deputies and ministers who did not disclose their financial interests during the current year amounted to 208.

I quote from the article: “caused by the accumulation of problems in the region and the MOST IMPORTANT of which delay payment of salaries, “.

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MASS CHANGE: THE DELAYED SALARY PAYMENTS CAUSED THE EVENTS AND THERE IS NO INCITEMENT

http://www.alrasheedmedia.com/2015/10/11/30724/

Chairman of the mass change parliamentary Hoshyar Abdullah said that the main reason of current events in Sulaimaniya is delayed region staff salaries for more than three months.

Abdullah pointed out that what is happening today in the province of Sulaymaniyah is caused by the accumulation of problems in the region and the most important of which delay payment of salaries, as there is no country in the world delayed the salary payments more than three months and stands people bystanders without feeling anger and resentment, explaining that resentment overwhelming when people addressed to all parties within the region and there is no incitement by any political party against another and expressed Abdullah hoped the deal the government and parliament the region and the political forces and Kurdish parties with the situation wisely and objectively.

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SECURITY FORCES PREVENT THE PRESIDENT OF THE KURDISTAN REGIONAL PARLIAMENT FROM ENTERING ERBIL

(Independent) ..
Kurdish security forces arrested the speaker of parliament in the Kurdistan region of Iraq, Mohammed Yusuf, and prevented him from entering Arbil, in the escalation of the political crisis that has shaken the region, which is at war with militants of the “Islamic state”.

A personal assistant to the speaker of parliament, the pro-Kurdistan Democratic Party forces, ordered him to return to the road from Sulaymaniyah to Erbil, where the Parliament of the region.

He accused the Democratic Party of Kurdistan (PUK), which controls Erbil, Curran Party (Movement for Change), which belongs to the opposition speaker of parliament, provoking violent protests in which five people were killed.

Darwin said Rahim, personal assistant to the speaker of parliament, said that “this development very seriously.”
The move comes after protesters attacked a number of Democratic Party offices in Sulaymaniyah and set on fire, in the worst unrest in the region that are stable, years ago.

The demonstrations began in Sulaimaniya, demanding the payment of overdue salaries of government employees. Then it evolved into protests demanding the ouster of President of the Region, Massoud Barzani – aged 69 years, which ended his mandate in August.

The party said Curran, who is based in Sulaimaniyah, too, and enjoy great popularity there, that the Democratic Party had told him late Sunday that he must minister in the Kurdistan Regional Government, not to return to work.

He accused Yusuf Mohamed dominant Democratic Party on the region by trying to carry out “a coup”.
The Himin Hawwarma, a senior official in the Democratic Party, in a tweet on Twitter, which he said “Goran is no longer in the government.”

And increase the old divisions of the crisis in the region, which has been located is separate two administrations, one headed by the Kurdistan Democratic Party in Arbil and Dohuk, and the other dominated by the Patriotic Union of Kurdistan in Sulaimaniya.

Democratic Party and the Patriotic Union said the failure to protect Sulaimaniyah offices of the attack, and that he cleared a number of them from working during the weekend.

Democratic Party and close the station offices (so that if) of the party Curran television in the cities of Erbil and Dohuk. 

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PARLIAMENTARY INTEGRITY REVEAL MINISTERS SEIZED THE WEAPONS: WE SEEK TO STOP THEIR SALARIES
POLITICAL

Since 10/12/2015 14:35 (Baghdad time)

Special scales News
Detection of the Integrity Committee member of the parliamentary Adel Nouri, Monday, for addressing the public pension body to stop some ministers and those with special grades of retired officials’ salaries because of non-disclosure of their financial interests, stressing that mostly divested more than 150 pieces of weapons especially Bovwag Hamayatem.

He said Nuri’s / scales News / that “most ministers and some officials with special grades of retirees did not disclose the financial accounts at all and there wrapping on money that were paid by them numbers,” noting that “there are correspondences retirement for the General to stop their salaries until the disclosure of their net worth full financial “.

He said the Integrity Commission, the parliamentary member, said, “Most of these ministers and officials divested more than 150 pieces of weapons / 70 pistol +70 Kalashnikov / was dedicated to Hamayatem and strange in the subject did not know the fate of the weapons and where it turned,” explaining that “the committee formally relay through books for all Wazzraat on the subject through the special forms prepared by the Parliamentary Integrity receivables to detect these officials and ministers. ”

It is said that “the number of deputies and ministers who did not disclose their financial interests during the current year amounted to 208 Nwabousera, according to the Commission on Public Integrity.”

The “government is facing a series of complications in the process of applying the principle of” Where did you get this? That the Prime Minister recently announced his intention to apply it in line with the escalating protests in several parts of the country “.

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The Good News

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ABADI OFFICE: WE ARE WORKING TO TURN IRAQ INTO A STATE PRODUCTIVITY
10/13/2015 0:00

Government orientation to maximize resources
BAGHDAD – morning
In an effort to cope with the drop in oil prices, which form the basis of the budget, Economic Adviser to the Prime Minister revealed the appearance of Mohammed Saleh that the government two options first is confronting all expenses that are not important in the financial sustainability, and the other option is to expand some of the state’s resources, while spokesman Office of the Prime Minister that the government is working hard to diversify income sources and create an active role for the private sector.

Saleh said, in a press statement, that there are areas of corruption under the doors of exchange in the budgets and the government addressed strongly without retreat and we’re going to end it as it provides many billions of budget», indicating that «in relation to the budget of 2016, we had a choice in these conditions with lower oil prices which form the basis of the budget and the landing means landing our resources, the first is to address each expenditure that are not important in the financial sustainability, and the other option is to expand some of the state’s resources.

Saleh explained that even borrowing resources priorities of the mismatch internal sources, including the State Department, which are types of which few sources of cost and other medium-cost and priority certainly few sources of cost because the hedge emergency is important», adding that salaries take about a third of the financial budget and the government address the high including salaries so that they are reasonable and logical ladder reduce cost and waste in this aspect and if there are areas or operational expenses of the exchange are not necessary to address them.

While spokesman for the Prime Minister’s Office that the government is working hard to cope with the unprecedented financial pressures experienced by the country in light of the war on terrorism requirements and provide the needs of the citizens and the salaries of employees, retirees and file displaced and file reconstruction of liberated areas and this many files stressful heavily on government.

Saad al-Hadithi and pointed out that «everyone knows that there is a decline is unprecedented in oil prices and the government is working hard to diversify income sources and create an active role for the private sector to support and state support in the creation of employment opportunities and transform Iraq from a functional state to state productivity and this strategic vision in the restructuring of the economy The work on the application and the announcement of several steps in this process, including the launch of six trillion dinars loans and stimulate the private sector and stimulate the Iraqi market and promote the production lines.

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Update: On Reform Laws

THE ACCOUNTABILITY AND JUSTICE LAW IS SUPPOSED TO GO BEFORE PARLIAMENT IN THURSDAY’S 10/15 SESSION.

Why is this law so important for the RV?

First it is important because Iraq needs to prosecute ALL government officials (including Maliki) equally who have been involved in corruption or humanitarian violations against Iraqis and they needed the changes in the court system to do it. They also needed changes so Kurdistan and Baghdad governments would have the same court system. Compromises were needed and so it took longer than expected to make the needed change to the law after the second reading. This is now done. This is a requirement prior to any RV. I have told you this many times already. Now we watch and see how it plays out from here.

I firmly believe once these trials begin (and they will begin very soon) and they get the reaction of the citizens, it is going to have a snowball effect and the cries to prosecute Maliki (and some his high ranking goons) will be shouted even louder than ever. Then we and the Iraqi citizens will see the justice we have all been waiting for.

Incidentally we have heard also the Head of the Supreme Judicial Council, Medhat al-Mahmoud, has submitted his resignation. As you may recall we heard about a month ago he had submitted his resignation but the council did not accept it and so he continued in his post. So this time is different as we are hearing his resignation was accepted and he will be retiring. Will he also be prosecuted for his crimes?

Many have varying opinions on this subject matter. Mahmoud is now in his early 80’s. It would take a series of  long drawn out hearings and trials since after all he was head of the Supreme Judicial Council. Would it even be worth it? Would it not be more beneficial for him to cop a plea and bargain and in exchange for vital information about the many legal decisions he made in Maliki’s favor. It is my opinion this is the way it will go down. Now we wait for his replacement to be announced.

Secondly this law is needed in order to create the needed stability in the court system. This stability was noted in many economic and investment summits with Iraq and international companies over the years. How else can investors get a fair way to settle legal disputes? Now they will finally get it. One more notch on our political stability to-do list thus closer to the currency reforms.

Update: Fighting ISIS

We are hearing that finally Iraq and the coalition forces are making great progress fighting ISIS. They do not tell us everything but one thing we know for sure is the goal is NOT to let ISIS DAASH reoccupy any ground already taken. As you know in the past once an area was cleared, ISIS simply worked around and  out flanking the Iraqi and Qud forces reoccupying the area.  This time this will not work. They are boxing them in and either they surrender or experience their final fate of death.

This is all good news and what we need to hear. Another notch on our to-do list thus closer to the needed security stability as needed for the currency reforms

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Abadi announce the full launch of the second phase for the Liberation of Salah al-Din
Announced the commander of the armed forces, Prime Minister Haider al-Abadi, Monday, for the second phase of full liberalization starting Salahuddin province, including the Baiji refinery.

BAGHDAD / obelisk announced commander of the armed forces, Prime Minister Haider al-Abadi, Monday, for the second phase of full liberalization starting Salahuddin province, including the Baiji refinery.

Information Office of Ebadi said in a press statement seen by ‘Obelisk’, that ‘the Prime Minister and Commander in Chief of the Armed Forces Haider al-Abadi announce the launch of the second phase of operations to Beck, O Messenger of God, full of Salahuddin province, including the Baiji refinery to edit’.
The bureau added that ‘This came during a visit to the province of al-Abadi Salah al-Din and his meeting with military and security leaders’.

The Prime Minister General Commander of the Armed Forces said Haider al-Abadi, in (1 March 2015), the start of military operations to liberate the rest of Salahuddin province, from the control of the organization ‘Daash’.

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DAASH IS BOXED IN BAIJI, RAMADI  

14/2015 0:00
BAGHDAD –
The morning began the countdown to defeat al Daash terrorist in Salahuddin and Anbar after the start of the second page of the process Beck, O Messenger of Allah parallel to the process of liberalization of gray. And check yesterday the completion of another military intelligence represents the combined forces to provide the information in the two provinces resulted in the targeting of communities of the enemy and kill the commander of operations Daash terrorist in the area of China during his withdrawal to the north and stationed near Baiji market, according to sources Sabah.

Focused process Beck, O Messenger of God in the second day to destroy enemy defenses and Khanadgah and tunnels used to transport weapons and terrorists. In this regard, the commander of special operations in the fight against terrorism device Brigade Maan al-Saadi said stressed the possibilities and capabilities to assign the good pieces, and victory is near in the coming days.

He explained that the process of liberalization of Salah al-Din will be parallel to the liberalization of gray Daash, The operations in Ramadi, a continuous and non-stop. The prime minister Haider al-Abadi announced of Salahuddin on Tuesday evening, the second phase of liberalization preservation process, and to link the start of Dr. Abadi these operations liberation of the entire land, saying: victory which will forehand push to start the liberalization of Mosul Daash gangs that began to collapse does not have the ability to grab the land.

Security sources revealed morning for the completion of the security cordon around the center of Ramadi fully on Wednesday, in preparation for the announcement of the zero hour for the liberation of the city of Conception terrorism. To that adopted the organization Daash terrorist yesterday the death of the second man in it called Abu Moataz al-Qurashi known as Abu Muslim Turkmen in an air strike near Mosul.

Within rally support for counter-terrorism efforts, said Chairman of the Board of Representatives, Dr. Salim al-Iraq need to support and assist the Arab States in the war against gangs Daash terrorist. He pledged that al-Jubouri, House of Representatives, will spare no effort to provide all forms of support necessary to achieve the desired goal in the liberation of the province of Nineveh.

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NOURI: RUMORS DAASH A DESPERATE ATTEMPT TO COVER UP THEIR DEFEATS

Nouri: rumors Daash a desperate attempt to cover up their defeats
Author: Publisher on:October 13, 2015

Baghdad / Center Brief for the Iraqi Media Network (IMN) spokesman denied the Badr Organization Karim al-Nuri, do Daash gangs poisoning the Tigris and Euphrates rivers, stressing that those rumors terrorist gangs resort to it to cover up their defeats and distracting people.

He said Al-Nouri’s (IMN) he was “not able to those gangs poison the Tigris and Euphrates rivers, and this is nothing more than a media campaign followed the terrorist gangs,” noting that “Daash use dirty methods and disseminating them to poison the Tigris and the Euphrates, the so-called Management of Savagery part.”

“The terrorist gangs Daash distracting people want to cover up the defeats and reprehensible.”

The committee and the defense of parliamentary security the middle of this year that Daash gangs used the last paper in terms of airing false rumors after the entry of the security forces to liberate Fallujah, calling for the defense and interior ministries to promote media effort to uncover the facts, including the spins of the fighting in Anbar and discredit those rumors.

Nouri said that “Daash do not hesitate to commit any crime but can not promote the genocide followed by the” past to say “Daash busy getting rid of air strikes carried out by the security forces and the forces of the popular crowd.”

He continued, saying, “These rumors .. but they can not carry out any Shi”.

He said he “was obtained and data gangs Daash movies after controlling large numbers of computers, mobile phones and compact discs have been submitted to the competent authorities to analyze the evidence contained some of which includes photos and names of terrorists and suicide bombers and confirmations to Anksaarham in Iraq.”

The chairman of the parliamentary security and defense of quitting stressed the importance of the collection and the multiple intelligence agencies in a single device and warning of weak intelligence may cast a shadow on the security situation.

And dissemination center news for the Iraqi Media Network (IMN) terrorists who were killed in the heroic operation carried out by the Iraqi air force bombed the al-Baghdadi convoy near Karabilah area of western Iraq, including an adviser Abu Bakr al-Baghdadi military names which Haj Abu Ammar and an official of the security committee in gangs Daash terrorist Abu Azzam and the Iraqi envoy Baghdadi tenderness of Abu Abdullah Abu Saudi Arabia and Lebanon, which Jazrawi Arab official in Syria, Iraq, Saudi and Abu Qatada al-Shaibani, a Euphrates official state flags.
The cell media war, confirmed that the air strike targeted the convoy of a guerrilla leader Daash terrorist Ibrahim El-Badri al-Samarrai called Abu Bakr al-Baghdadi western Anbar province.
Star of Gazan, the Open: Mohammed Nasser

http://center-imn.net/1/?p=37913

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RUSSIA DESTROYS 86 LOCATIONS TO DAASH IN SYRIA

Agency Information
10/13/15

 Announced that the Russian Defense Ministry, Tuesday, that Russian warplanes carried out 88 combat sorties during which destroyed 86 locations to organize Daash within 24 hours in Syria.

A spokesman for the Russian Defense Ministry, Major General Igor Konashenkov in a press statement that ‘the Russian planes carried out during 24 hours 88 combat sorties and which has seen the destruction of 86 sites for the structure of the terrorists salute in the provinces of Raqqa, Hama, Idlib and Latakia and Aleppo’.

He added that ‘air strikes targeted a field command centers and stores of weapons and ammunition, military vehicles rallies and plants for the manufacture of explosive material and field camps and bases of the militants’

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Update: Sovereign Bonds

Do you recall that Mnt Goat told you that the bond drive for Iraq would not and could not be successful without the currency reform. This was just yet another unsuccessful attempt to raise the needed funds to offset their 2015 deficit. Remember they also tried the Tariffs and what happened? Once again a half hearted attempt to raise funds and it too was unsuccessful with currency reform.

Why were these programs unsuccessful due to not having the currency reforms completed?

Sovereign Bonds – Any offering would have to pay out a very high % yield according to Iraqi credit rating. The credit rating was low due to the ongoing ISIS war, corruption and unstable investment background. Do these items all sound familiar as to why Mnt Goat keeps saying they must be fixed to make it more conducive for investors to come into Iraq or invest with Iraq? Do you get my point now?

Tariffs and Customs – just by hastily implementing a law, such as what Iraq did with the Tariffs and Customs Act, will not necessary guarantee its success, especially in an unstable country like Iraq.

What they needed to do is have the IQD back on the global exchanges so they can easily make the conversions needed in the exchange for billing on tariffs payments. You see – cargo handlers do not pay tariffs like we would pay a car toll going across a bridge. Instead the payments are accumulated and billed out via a WTO system. The WTO gets a % of the tariffs and the rest go to the country, as agreed to as belonging to the WTO. Iraq is not yet part of the WTO as they need a tradable international currency first and so the can not tie into the system as of yet and the saga goes on and on and on…. So to make a long story short the tariffs are very difficult to enforce and implement unless you have all the pieces needed in play to make it work to any extent of high revenues. Remember that when Iraq does get their currency back online and the tariffs can be fully implemented the revenues from this entity alone will match closely to the currency revenues from oil. So yet there  is huge potential for wealth for Iraq but it is just potential until the PTB and Iraq can make it all work. We know that there are influences facing Iraq that do not want it to work and we can consistently see these forces apposing the progress.

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IRAQ IS HEADING TO BORROW FROM INTERNATIONAL INSTITUTIONS AFTER FAILING TO SELL TREASURY BONDS

Iraq has dropped from the sale of foreign bonds worth 6 billion dollars due to the high interest rate imposed by the international financial institutions, which may be paid towards the path of external borrowing to fill the budgets of 2015 and 2016 deficit.

And allow the budget in 2015, voted on by the House of Representatives earlier this year, the Ministry of Finance to borrow or issue of internal and external treasury bonds to cover the deficit, which exceeded 20%, due to lower oil prices.

Fadel said the Prophet deputy finance minister, last Sunday, that Iraq “halted its plans to issue international bonds because the interest rate will be high.”
The Baghdad aims to raise about two billion dollars from an initial denominated in dollars version, part of a series versions were will reach six billion dollars.

MP says Awad al-Awadi (range), “The government has been unsuccessful in the subject of the issuance of treasury bonds because there are fears of imposing significant benefits to Iraq.”
He said al-Awadi, that “the government and the Finance Ministry Oiguenta that these bonds were dedicated operating budget and not for investment and thus there are no an urgent need to resort to it, “asserting that” the Federal Ministry of Finance felt that there was no risk of the insured employees’ salaries originally from oil sales.

“In the opinion of the Committee on parliamentary power by that” recourse to external borrowing must be dedicated to the investment and project task is not that the government bears the burden of overburden placed upon it in the light of the economic conditions experienced by Iraq.

“turn says Abdul Qader Mohammed Omar, a member of the Parliamentary Finance Committee, said that” our committee meeting with the Minister of Finance was focused on external borrowing issue and sale of Treasury bonds and the money that would have on Iraq.

“He said Omar, in told (range), “The Minister of Finance Parliamentary Committee told not convinced his ministry’s external borrowing, which calls for financial companies, banks and the banks of the benefits of up to 11.5% per annum,” saying it was “the profits outweigh the gains in circulation and the usual in economic markets.”

It is noteworthy member of the Finance Committee that “the specific borrowing within the budget year 2015 by 6 billion dollars in order to fill the current year’s budget deficit.”
In the same context, draws Attorney Sirhan Ahmed, a member of the Parliamentary Finance Committee, that “the bonds Sticky sale in the budget law is not entitled to the Ministry of Finance terminated only all the way back to the House of Representatives for a vote.

“He added Ahmed (range) that” the Finance Committee in the House of Representatives will discuss the implications of this issue and its details at length in the meeting which will be held tomorrow (today) Tuesday, “noting that” these bonds raised to bridge the fiscal deficit interest up to 12%. “He said Kurdish lawmaker to” directed the Federal Ministry of Finance to borrow from domestic banks and the International Monetary Fund in order to repay year’s budget deficit in 2015 of $ 25 trillion Iraqi dinars.

 “He noted that” the Council of Ministers returned the draft budget to the Ministry of Finance For some amendments and additions made, “expected” and the arrival of law to the House of Representatives in a matter of ten days. “turn attribute Mohammed Emeritus, Economic Adviser to the House of Representatives, the reasons for the freezing of selling foreign bonds to” high interest, which will cost the Iraqi treasury large sums rate. “He added Emeritus , told the (range).

“The first batch of treasury bonds was worth two billion dollars,” calling on the Ministry of Finance to “look for other sources to fill the coming budget deficit and is expected to reach 29 trillion dinars.”indicates an economic advisor to the Board of episodes to ” the existence of negotiations conducted by the Ministry of Finance with some international banks, financial companies and the International Monetary Fund and the World Bank in order to borrow to meet next year’s budget deficit, “noting that” the Ministry of Finance has tours with these banks and companies to get the money to reduce the deficit in the budget of 2016 “. On the back Council of Ministers the draft 2016 budget to the Ministry of Finance, Emeritus says that this is due to “the government’s efforts to reduce public spending and pressure ministries allocations as well as calculate the price of the barrel in order to reduce the size of the budget deficit next year.” In the opinion
Parliamentary Counsel that “the adoption of the price of a barrel of oil dollars to 45 ordered exaggerated and need to reconsider in line with the size of the economic challenges facing the world price

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Till next time…. Auf Wiedersehen!

Peace and Luv To Ya All.

On Tuesday, the governor of the Iraqi Central Bank said that Iraqi decreasing oil revenues reflecting negative impact on Iraqi foreign currency reserves and it is about 60 billion but these are enough to cover more than 18 months for the amount of imports. According to the OPEC, Iraq is considered the 2nd largest oil producer. There is still fluctuation in the global oil prices since last 18 months and Iraqi expenses are increasing to control the security situation especially fight against Islamic State terrorist groups. The Iraqi government has declared the financial deficit of 25 billion U.S dollars and the budget deficit are at 100 billion U.S dollars. All these factors caused decline in the foreign cash reserves.

The international Monetary Fund said that Iraqi foreign cash reserves were at 78 billion U.S dollars at the end of 2013 and decreased at 66 billion U.S dollars at the end of 2014. Ali Al Alak said that a decline in the U.S dollar-denominated expenses provided an ease in the requirement of foreign currency. He said that Iraqi level of foreign cash reserves are more comfortable but these foreign cash reserves are decreasing significantly on monthly basis, but these are not too high. It we consider at the market price level, we will see stability in the prices. So we should not take worry about Iraqi foreign cash reserves. The Iraqi government has planned to boost up its economy, so the government has issued domestic bonds of 5 billion U.S dollars and issuance of these bonds internationally would provide more help to enter in the global financial system, which will improve the functionality in the financial institutions of the country.

Millionday: TODAY I POSTED A VERY IMPORTANT REPORT IN THE MILLIONDAY SECTION — THERE ARE PARTS OF IT I WANT TO SHOW AND THEN READ IT LATER

Millionday: NOTE — THIS IS ABADI`S DOCUMENT OF HONOR TO THE IRAQI PEOPLE — GOVERNMENT PROGRAMS —

Millionday: NOTE — SUMMARY OF THE ENTIRE PLAN BEING IMPLEMENTED >>>

Millionday: 1……… The basic axes of the strategic priorities of the proposed government program

First: a secure and stable Iraq

Secondly:  upgrading service and the standard of living of the citizen

Third: to encourage a shift towards the private sector

Fourth: the increase in oil and gas production to improve the financial sustainability

Fifth:  financial and administrative reform of government institutions

Sixth: The organization of the Federal Relations

Millionday: NOTE –HERE SOME VERY IMPORTANT PARTS OF WHAT IS BEING DONE

Millionday: D. Strengthen Iraq’s position in the international community.

Enhance the prestige and influence of Iraq into the international community through the opening to the outside world countries and building

A variety of economic relations and the pursuit of Capricorn to ensure Iraq’s quota in the waters of common rivers and activate

Decisions of the anti-terrorism conference held in Iraq, which is based on the basis of the strength of the effect

Iraqi diplomacy.
0.1   Expansion of diplomatic and consular representation Iraqi and according to the requirements of the political interests of Iraq

Economic and with the international community.

Millionday: NOTE — THESE ARE PORTIONS WITHIN THIS IMPORTANT DOCUMENT — THEY SHOULD REMIND YOU OF THE PROGRESS WE HAVE BEEN SEEING IN REPORTS AND SOME WE WILL SEE TONIGHT

Millionday: 4………..  Secondly, upgrading service and the standard of living of the citizen

The government is seeking through its program to achieve an adequate level and a service to the citizen meets the requirements

In basic decent living by providing health services according to international standards, and deliver

Basic services by improving the quality of water and electricity and the development of integrated management system

Waste and increase the proportion of the areas covered by sewage services in line with the increase

The number of the population, and Mlarma building affordable housing, and the trend towards the use of renewable energy, and to continue

The implementation of a program to combat desertification and the development of a program to revive the marshes, and the emphasis on the provision of kits Infrastructure and reconstruction of cities and regions affected by the terrorist practices and processes Military.

Millionday: NOTE — THE AGREEMENT OF AN UPGRADED STANDARD OF LIVING
​
**Support and protection of the People’s industries.
** revive popular industries and prevent extinction.
** protect the industry and support the economy.

0.3   The deployment of Iraqi culture and marketing of intellectual production inside and outside Iraq, and interest centers

Cultural and entertainment through the deployment of Iraqi culture and marketing of Iraqi intellectual production

And publications and introducing the reader civilization of Iraq and the popular culture and arts.

Millionday: NOTE — THE DEVELOPMENT OF A MARKETED — MADE IN IRAQ — ALONG WITH INTERNATIONAL PATENTS ETC FOR ITS GROWTH

Millionday: NOTE — KEEP IN MIND HOW IMPORTANT THE REFORMS ARE TO IRAQ AND ITS RETURN TO GLOBAL TRADE ALONG WITH THE GOAL FOR ACTIVE WTO MEMBERSHIP
Millionday: H. Development of the economy and ensure consumer protection.

In order to develop the economic reality and the protection of Iraqi citizens from fraud and manipulation and greed merchants seeking

Government to achieve the following:
0.1   Resolve the orientation of the Iraqi economy to a market economy and the gradual abandonment of State for activities

Economic.

0.2   Inclusive of encouraging domestic product activation laws relating to national protection.

0.3   The development of foreign trade and transit trade and free zones.

Millionday: NOTE — OBVIOUSLY INTERNATIONAL COMPLIANCE AND ECONOMICS REQUIRE THE INTERNATIONAL EQUATION TO BE DONE AS THEY REPORTED THEY WERE TOLD TO COMPLETE —-
Millionday: NOTE — THE DOCUMENT OF HONOR STATES THE RESOLVE OF IRAQ TO A MARKET ECONOMY —

Millionday: Raising the level of financial auditing firms in Iraq and classified according to international standards.

0.5   Support investments that encourage the operation of the local workforce.

0.6   Accelerate the construction of the port of Faw, develop and put mite priority strategic projects.

0.7   Raise the capacity of local airports and to encourage and support the private airlines.

0.8   Submit a draft commercial agencies law and regulation agencies and agents to ensure that procedures

The protection of the Iraqi market from fraud, manipulation and control of commercial agencies from neighboring countries.

0.9   Activating Haakm consumer complaints and facilitate ways to achieve their rights.

.14   Making insurance product and professional liability in respect of goods and services produced, compulsory

In order to protect consumer rights.

.11   Tougher fines Aldzaria system on counterfeit Albdhara.

.12   Create a system to monitor and make sure Albdhara quality through border ports.

Millionday: NOTE — THIS WOULD BE THE IMPLENTATION OF CONSUMER PROTECTION AND CUSTOMS — THE LABOR LAWS WOULD ALSO INTERACT WITH THESE STATEMENTS

Millionday: .13   Reconsider the financial and fiscal and monetary policy.

Millionday: WHOOPOW >>>>>

10…………  Third: to encourage a shift towards the private sector
​~~~

Sustainable economic growth generator of income depends on the ability of the private sector development

To provide the best work and assume responsibility towards society and the chances of re-division of roles between

The government and the private sector, which requires a revision of the laws and regulations governing the work

So as to ensure the provision of an encouraging investment climate to attract capital as well as the promotion of industry

And trade, agriculture, tourism, and provide the necessary infrastructure to create additional sources of funding

General budget of the state, rather than total reliance on oil.

Millionday: NOTE — OBVIOUSLY IT IS VERY OBVIOUS WE HAVE BEEN WATCHING THESE STEPS THROUGH INK

Millionday: Strengthening the role of the private sector in the areas of) communications, the Internet and information technology

The postal activity

0.2   Encourage strategic partnerships with foreign investors and local competent.

0.3   Change the structure of the industry for the benefit of the private sector and private sector development through re

Restructuring of state-owned enterprises and converted to the private sector.

0.4   Increase the efficiency of the legislative system to work industry.

0.5   Activation of the approved national Balstrutejiat related investment and the private sector.

0.6   Supporting investment in various sectors and conditioning environment and legislative and financial Altaatnzimih

In order to achieve a sufficient stimulus to investment activity.

Millionday: SO OBVIOUSLY — ABADI`S DOCUMENT OF HONOR TO THE CITIZENS IS A VERY ENCOURAGING ONE FOR ALL INVESTORS — SMILE

Millionday: THE REST OF THE REPORT IS IN THE FORUM —

Millionday: THIS IS WHY THE REFORMS AND THE GOVERNMENT PROGRAMS ARE ENCOURAGING FOR IRAQ `S INTERNATIONAL ACCEPTANCE — IT IS PART OF THEM

Millionday: HOLD ON TO YOUR HAT AND READ EVERY WORD >>>>>>>>>>>>>

Millionday: Despite the financial challenges faced by the country, but the government successes recorded at the level of economic reforms that need to be legislation laws and modify other supported and allow its application on the ground properly and as planned,

according to what he sees as observers »Sabah». The Council of Ministers endorsed the reforms presented by Prime Minister Dr. pack. Haider al-Abadi, backed by vote of the House of Representatives unanimously

Millionday: NOTE — THE VOTE OF ECONOMIC REFORM LEGISLATION IN ITS ENTIRETY —-WAS VOTED THROUGH UNANIMOUSLY!!!!!!!!!!!!! WHOOOPOW

Millionday: FINALLY>>>>>>>>>>>>

In this regard, he saw the researcher and observer of economic policy Rahim al-Shammari said government reforms, especially in the side Economic must be associated steps research strategy,

taking into consideration the laws and regulations, decisions and regulations in force in Iraq and the legislator and outgoing since years ago to organize the Iraqi economy.

Millionday: WHOOPOW

Millionday: >>>>>>>>>>>>>>>

Shammari said in his statement »Sabah», that these reforms need to sustainability and monitor the implementation is done through paragraphs of the legislation in Budget open the door to economic progress and expansion of investment, which has recently declined due to security conditions experienced by the country.

Millionday: NOTE — THE ECONOMIC REFORM LEGISLATION OPENS THE BUDGET AND INVESTMENT

Millionday: He also stressed the actual need for the facilities and controls and proper planning in the management of public funds, especially as the country in urgent need for projects that help absorb unemployment, extending citizens important services such as electricity, roads and bridges, sanitation and others, in addition to the advanced projects and modern services in the transport, logistics, marketing, noting that

Millionday: NOTE — THE PROVINCES AND DEPARTMENTS MUST MONITOR THE PUBLIC FUNDS FOR SUCCESS IN THE PLAN AND DEVELOPMENT

Millionday: READ EVERY SINGLE WORD >>>>>>>>>>>>>>>

Millionday: The crystallization reforms paths laws of modern legislation and strategies in line with the new phase experienced by Iraq, to fit with the demands of citizens set up projects and to simplify procedures and provide a safe work environment and activate the control, and the elimination of financial and administrative corruption.

And inter-Shammari said the financial crisis added burden another package of reform, but the government teams (representatives from government departments, and private sector) operating in coordination with the advisers have found visions of alternative ways to support service sectors and a shift toward a market economy through the work package supports the private sector and partnership with the public sector, backed by the constitutional and legal frameworks,

Millionday: NOTE — THEY HAVE FOUND WAYS THROUGH THE REFORMS TO MOVE TO A MARKET ECONOMY WITH THE WORK PACKAGE WHICH SUPPORTS THE PRIVATE SECTOR AND PARTNERING WITH THE PUBLIC SECTOR —- WHOOPOW

Millionday: NOTE — THEY HOPE THAT THEY WILL HAVE HUGE SUCCESS WITH THE REFORMS AS WAS WITNESSED IN EU DURING THEIR TRANSITION

Millionday: NOTE — IF MONITORED PROPERLY >>>And finds Observers in the financial and economic affairs, told »Sabah» that government reforms issued by the Council of Ministers package would fill a large part of the federal budget for the next year they include reducing its number of ministries and the abolition of some of the bodies and reduce the large number of protections officials, Marjaheen that these reforms, if implemented in a practical and effective will provide about 30 percent of imports in 2016 budget

Millionday: NOTE — THE REFORMS WILL HAVE A HUGE IMPACT AND FILL A LARGE PART OF 2016 BUDGET WITH THEIR SUCCESS

Millionday: reason to bypass the big concerns on the Iraqi economy in the event of continuing decline in world oil prices. According to a member of the Finance Committee MP Faleh applicable in a press statement that the reforms passed by the House of Representatives package will provide about more than $ 10 billion.

Millionday: SO — THEY HAD A PRESS RELEASE TODAY ANNOUNCING THE PACKAGE OF LEGISLATION BEING VOTED THROUGH — WHOOOPOW

Holly1: Did you see on the smart card side Dr Shabibi is still working .. and I asked a Iraqi and he said shabibi still in Iraq … his words not mine …… Whoopow

Millionday: I SAW THE PICTURE OF SHABIBI BUT DISAGREE ABOUT HIM BEING IN IRAQ — HOWEVER HE HAS BEEN A HUGE FORCE IN THE ECONOMIC PLAN OF IRAQ

Holly1: as I said thats a Iraqi opinion not mine … and TYVM ….

sassy: Do you have ink on the press report. Would love to see it or was that it?

Millionday: THAT WAS THE PRESS REPORT WE WERE LOOKING AT HUN

Millionday: SASSY — I MAY HAVE MORE ON IT AND WILL BRING IF I DO HUN

quicktolegit96: U SAY PACKAGE OF LEGISLATION VOTED THROUGH? IS THIS THE REFORMS OR ALL LAWS, JUST WANTED TO CLARIFY? THX
Millionday: THIS IS THE LEGISLATION THAT NEEDED TO PASS FOR THE ECONOMIC REFORMS TO BE APPLIED

sassy: Millionday where does it say voted through or did I miss it?

Rudie: The Council of Ministers endorsed the reforms presented by Prime Minister Dr. pack. Haider al-Abadi, backed by vote of the House of Representatives unanimously

The Council of Ministers endorsed the reforms presented by Prime Minister Dr. pack. Haider al-Abadi, backed by vote of the House of Representatives unanimously

alphaone2: What does that mean for us investors Legislation being voted thru

Millionday: THIS MEANS THAT THEY ARE PREPARED TO IMPLEMENT THE ECONOMIC REFORM PACKAGE DUE TO THE LAWS THAT NEEDED TO SUPPORT ALL THE CHANGES HAVE BEEN PASSED

Millionday: ISLAMIC BANKS ARE INVESTING/FUNDING WITHIN THE DEVELOPMENT PLAN IN IRAQ

Millionday: Baghdad Imad emirate explained academic that the money sources of Islamic Banks and economic activities comes from two sources, the first internal represented by capital which is intended in Islamic thought (out of money) any that part of the allocated to the project when it was founded monetary wealth, and added to that part is a set of money invested and known as the (trade money).

Millionday: The capital can be defined in the Islamic Bank as a group project, the owners of the contributions at the beginning of its establishment and the net extra money (cash and kind) which is the difference between what is added to it and taken from it in the later stages.

He added. Abdul-Zahra Faisal Younis from the Faculty of Management and Economics at the University of Mustansiriya, if capital does not represent only a limited percentage of the financial pot to commercial banks compared to the monetary mass pumped in the investment market that form deposits in various forms the largest content, it is the financial source of the most important for the Islamic Banks, which should be enough to cover their reserves.

Millionday: NOTE — THE FUNDS WILL BE COMING FROM MANY DIRECTIONS — HOWEVER — THE ISLAMIC BANKS WILL BE INVESTING IN DEVELOPMENT/INFRASTRUCTURE ETC AND WITH TRADE

Millionday: and between Younis, Islamic banks, whether public or private or mixed take the form of joint-stock companies as painted border man-made laws.

pointing out that it is not an exception to the general context of the emergence of economic institutions in the framework of applicable laws and is mildly nascent the capitalist mode, so the view of many economists that the Islamic banks in terms of principles contradict the theoretical foundations that regulate the emergence Fla.modha the Islamic banks to contribute to a group of investors who are turning their savings into shares and bonds of these banks allow them to speculate.

Millionday: NOTE — ANOTHER WAY THAT IRAQ WILL GAIN IS BY THE GAINS IN THE STOCK MARKET

Millionday: NOTE — I AM NOT AN EXPERT BUT —- FUTURES ARE PART OF THE MARKET GROWTH —-THE BEST PART IS OF COURSE IS THE DISCUSSION HERE OF THE STOCK MARKET GAIN IN VALUE

Millionday: NOTE — THEY ARE EXPLAINING THAT EVERYONE CAN GAIN IN THE MARKET (OR LOSE OF COURSE) —– THIS IS INTERESTING TO IRAQIS

Millionday: Vaharik is ultimately to ask about everything that affects the company is not within the limits of its share of assessments but extends the scope of responsibility, even in own funds not covered by the company’s contract because it is in the eyes of Islamic jurisprudence acting on his behalf and on behalf of its partners.

He concluded that, «to Aasah dividend only after (silvering) capital in the sense confined and select it, and here comes the Islamic banking policy in the composition of reserves, including through maintaining the value of the deposit has, either external sources of financing are deposits invested by Islamic banks to achieve profits flow from this investment, whether solo or in combination with other companies and institutions».

Millionday: WHOOPOW

Millionday: UNDERSTAND THAT THE DISCUSSION ALONE —— LOVE IT
wkachele: Just curious on one of the guidelines regarding Abadi’s idea of secure and stable? And more importantly, secure is one thing, stable is another which could require a timeline and more waiting?

Millionday: ABADI`S IDEA IS NOT THE MOST IMPORTANT IMO — YESTERDAY THE UN ANNOUNCED THEY ARE BACKING THE REFORM PACKAGES OF IRAQ AND THE WORLD BANK AND IMF HAVE ALSO ENDORCED THE REFORM PACKAGES —

Millionday: THE COUNTRY IS NOT ABLE TO JUST SIT AND WAIT FOR PEACE — THEY HAVE TO SAVE THEIR ECONOMY IMO
Millionday: SOMEONE SENT ME THIS FROM A REPORT IN THE NEWS

Millionday: I FIND IT AMAZING

Millionday: READ EVERY WORD AND LOOK AT THE FIGURES

Millionday: “The budget of 2015 free of the fiscal deficit, but achieve financial abundance is estimated at 500 billion dinars due to the Ministry of Finance, which relied on the launch of the budget monthly disbursement plan and not all at once, in addition to applying the principle of austerity and guidance in spending, with most departments and ministries of state.”

He noted that “oil export rate was during the current year amounted to three million barrels and 150 thousand barrels per day, contrary to what was planned in the budget, due to fulfill the Kurdistan region oil agreement”

Millionday: SO THE 2015 BUDGET IS SHOWING FINANCIAL ABUDANCE OF EST 500 BILLION DINARS

Millionday: THINGS THAT MAKE YOU GO HMMMMMM

The Iraqi Council of Ministers decided on Tuesday to hold an exceptional meeting next week to approve the 2016 federal budget.

Governmental statement received by AIN cited “The CoM reviewed during its session of Tuesday the 2016 federal budget law draft and made the necessary notes over this draft,” noting that “The Council decided to hold an exceptional meeting next week in order to approve the law draft and send it to the Iraqi parliament.” /

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ALWAYS SAID BONDS WHERE NOT GOING TO SELL? NO ONE WILL BUY A INTERNATIONAL BOND THAT CANT BE TRADED EVEN THEY SHOWED THEM WITH A HUGE RATE ON THEM. BOND SALE WERE NEVER A POSITIVE FOR THE NEW RATE OF THE DINAR. THEM NOT SELLING IS IN OUR FAVOR.

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[Do you think with IMF or WB not giving the loan.. Iraq and US will be forced to pull the trigger…?] 

THE WORLD BANK AGREED YESTERDAY TO GIVE IRAQ ASSISTANCE FOR DEVELOPMENT ETC. MANY HAVE HAD A HARD TIME WITH A “NO FOR A LOAN” FROM THE WORLD BANK BUT — THEY AGREED TO ASSIST THEM WITH FUNDING GRANTS — THIS IS BETTER. KNOW THE MANY THINGS THAT THE WORLD BANK WILL ASSIST WITH AS WELL — CBI IS OVER BANKS NOW AND THEY ARE ACTIVELY HEAD OF THE BANKING REFORM…SO HELP FROM THE WORLD BANK IS HUGE.

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Article quote: “Iraq has halted its plan to issue international bonds because the yield it would have to pay on the debt was too high…”

Who the heck would buy International Bonds at 1085…Not going to happen! The World Bank said in July it would provide Iraq with loans totaling $1.7 billion, while the International Monetary Fund agreed this year on an $833 million loan program. I would rather see the WB, IMF and UN GUIDING the Government than giving them money! IMO the loans are history.