Millionday  Friday Night News 1/30 2015  Part 2

preacherman: Just got here. Are we in the Gazette yet?

Millionday: THE BUDGET HAS NOT BEEN PRINTED YET

faith1: millionday ,, didn’t we read in your first article that they want to make it easy / remove obstacles for the investors at the meeting ?

Millionday: YES — THEY ARE USING EXPERTS TO HELP THEM TO CREATE THE EASIEST IN THE WORLD INVESTMENT LAW AS THEY PUT IT –

Millionday: NOTE — THIS COMES DIRECTLY FROM THE NATIONAL RECONCILIATION

Millionday: The Concepts of the Civil Society

The civil society evolves from modern social and economical  compositions, i.e. classes, professional categories, or any other interest groups. These changes in the Western countries were taking place synchronously with the capitalist and urban transformation, citizenship rights,
~~~

Millionday: and the birth of the modern concept of the national state. Although the factn that the loyalty to the national state should follow that absolute allegiance of its citizens, as a normal embodiment for the whole society,

however, a subsidiary objective allegiance manifests according to the individual selfinterest, hereby the allegiance concentrates in the class, profession, district, etc…

Thus, voluntary organizations emerge and their sphere extends to include the numerous interests of people, like political parties, trade unions, syndicates, clubs, and social institutions.

Millionday: NOTE – THE ECONOMIC CONDITION OF A COUNTRY IS INTERWOVEN — IN THIS CASE THIS IS IRAQ — AND OBVIOUSLY IT INCLUDES TRADE UNIONS AND THE ECONOMY THE CONSTITUTION PROVIDES

Millionday: The relation between the civil society and the democratic transformation seems clear and logic. Democracy is a set of basis for ruling the state and its institutions by means of peaceful administration of the relations between the various competitive groups and discordant interests.

Therefore, the fundamental measure for the civil society is the same fundamental measure for democracy. For instance, if we displace the system of the direct democracy in “Athens” or in “the city council”, we’ll find out that the CSOs are the best channels for public’s participation in rule.

Millionday: Civil Society Organizations and the National Reconciliation Process Civil society organizations have many advantages that may enable them to play an effective role in portraying a positive image for citizenship and national unity, as follows;

1 – Neutrality.

2 – Independence of decision-making.

3 – High effectiveness, especially after the extensive development of networking.

4 – The wide range of social and geographical effect.

Millionday: NOTE — THIS IS FROM ALL PARTIES AND ALL GOV INSTITUTIONS — INCLUSIVE OF OPPORTUNITY

Millionday: 5 – The societal legitimacy as a result of manifesting the voluntary and the non-profitable sides of the organizations work.

The CSOs could empower the principle of citizenship, which is considered the real concept for the national unity, through the following;

– Spreading the culture of citizenship and non-violence in their varied programs and activities.

– Spreading and development of the culture of dialogue, respecting the opposite opinions, and renunciation of the practices of exclusion and marginalization policies against any race or class.

– Development of their programs to combat ignorance, under-development, and illiteracy.

– Development of awareness campaigns, and spreading the knowledge on international agreements and protocols related to Human Rights field.

– Establishment of principles of the participative democracy and reconstruction of Iraq.

– Coordination, networking, and impact to redraft the constitution, exclude it from the entire racist, sectarian, or any other discriminative forms, and abolition of all the articles conflicting with the national unity, or threateningsocial fabric.

Millionday: NOTE — THIS IS LIKE THE REFERENCE FOR RECONCILIATION BUT — NOW COMES MORE ON WHAT THIS MEANS ECONOMICALLY

Millionday: The International Compact is an international initiative to strengthen the partnership between Iraq and the International community, it aims to implement a framework that seeks to achieve the national Iraqi vision aiming to achieve the demands of the Iraqi people in laying down the foundations for a united democratic state that is secure and stable, where all citizens have equal rights and duties,

Millionday: SMILE >>> it also seeks to set the foundations for a prosperous economy with a varied production base that can provide the requirements needed for sustainable development according to market factors, one that is open and assimilated with the world and other economies in the region,

in particular those of the neighboring states, making Iraq an effective member of international and regional organizations with the ability to offer aids to needy and underprivileged countries, allowing the private sector to play a leading role in economic activity,

Millionday: WHOOPOW

Millionday: with a special role for the government in regulating this activity, protecting it from the effects of external turbulences, protecting the poor and underprivileged communities from deprivation and starvation and to provide proper standards of public social services for Iraqi civilians.

Millionday: NOTE — THEY ARE TO HAVE AVAILABLE BENEFITS FOR THEIR CITIZENS

Millionday: Internationally, the Compact lay down a work frame of mutual commitments inspired by the Madrid 2003 conference, the Abu Dhabi September 2006 Meeting, and the Kuwait October 2006 Meeting with the objective of a secured, stable and prosperous Iraq,

where good governance practice is prevalent and human rights are strongly secured by the sovereignty of law, other objectives include the sustaining and strengthening those commitments for the entire duration of the Compact and beyond,

Millionday: NOTE — THIS IS THE REASON THAT ALL ARE EXCITED FOR THEIR POSITION TO BE PREPARATION FOR THE CONFERENCE OF NATIONAL RECONCILIATION –

 THE REST HAS BEEN DONE AND IS SET FOR THE COUNTRY — CIVIL IS AN ONGOING — HOWEVER THE ECONOMIC PICTURE IS THE TURNING OF A PAGE THEY HAVE NOT DONE YET IN THE MARKET

Millionday: , as well as recognizing the achievements of the new Iraq as represented through the adoption of a constitution in November 2005, the conduct of parliamentary elections in December 2005, according to which the first permanent cabinet was formed in May 2006.

Millionday: NOTE — THE BUILDING OF THE NEW IRAQ

Millionday: READ EVREY WORD>>>The International Compact declaration pointed out that security and political challenge, implementation of good governance practices and provision of basic services are major demands for progress in all other fields, including economic revitalization.

The Compact was firmly based on belief in the assumed interdependent relationship between peace and economic prosperity, national reconciliation, enhancing security and good governance, resuming economic and social reform are all important aspects of unleashing the Iraq development potential.

Millionday: WHOOOPOW

Millionday: The declaration also stated that applying the joint vision for Iraq’s future successfully requires the rejection of terrorism and extremism, holding debate, fostering national reconciliation, formation of professional security forces that are loyal solely to the homeland, hard efforts to eliminate terrorist threats, and finally coming up with a feasible solution for the merging of militias into security forces.

Millionday: NOTE — WE OF COURSE HAVE BEEN WITNESSING THAT

Millionday: The declaration determined the major outlines for Iraq’s political and security needs as part of the governmental program and the national reconciliation plan, thus the following points are to be considered essential demands for the creation of a stable country and a robust society, so as to achieve reconciliation between the various components of the Iraqi people.

Millionday: NOTE — HERE ARE THOSE COMPONENTS

Millionday: • Rejection of terrorism and actively attempting to quell it, rejection of violence targeting the state and violence amongst ethno-sectarian groups in the country.

• Respecting the sovereignty of law, including civil freedom and human rights.

• Building a democratic, federal Iraq that is united and sovereign.

• Adding a consensual pattern to federal democracy through a process based on unanimous consensus.

• A fair distribution of resources.

• Cooperation with neighboring states based on mutual interests.

Millionday: NOTE — SO SOME BELIEVE THAT IT IS ALL CIVIL AND ALSO COMPLIANCE WITH DEMOCRATIC SYSTEM — HOWEVER — IT IS ALSO THE RIGHT TO PROSPER FOR ALL –

Millionday: The declaration also stressed that international partners will offer administrative, technical and financial support to aid Iraq in facing challenges as part of their mutual commitments, so that Iraq rejoins its regional and international sphere on a plateau of mutual respect fuelled by an effort to achieve mutual interests, the Compact stresses the Iraqi government’s commitment to combat corruption,

Millionday: which reflects the government’s responsibility toward its civilians so as to instill practices and institutes that are transparent whereby state employees are held accountable for their actions, the Compact’s major objective is the construction of a united, democratic Iraq where all citizens enjoy an equal distribution of resource regardless of their backgrounds.

Millionday: NOTE — THE DISTRIBUTION OF WEALTH IS PART OF THE NATIONAL RECONCILIATION

Millionday: >>>>>>The achievement of prosperity is an important aspect of this vision, as experiences in other regions have shown that continuous growth in employment and quality of life must be led by a strong, varied private sector.

The government has an important role to tend to in several ways, such as efficient administration of oil revenues, creation of a legal regulatory framework that rules the entire economy, protects the vulnerable groups and provides security. However, the true source of economic blossom must pass through the private sector.

Millionday: NOTE — THIS IS VERY VERY IMPORTANT FOR EVERYONE TO READ

Millionday: The programs for investment and reform were also discussed in detail in the declaration, so as to fulfill the mutual commitments that both the government of Iraq and the international community will carry out jointly.

The procedures for reform and investment will be part of a mid-term financial framework that will help meet fiscal expectations within this mid-term duration.

The Compact also put in place a time frame for the work of international partners, including tangible financial obligations that are part of government reform efforts based on an internationally-recognized frame work by which the needs of Iraq are inspected.

Millionday: NOTE — HUGE PART OF THIS REPORT —- UNDERSTAND — THIS IS PART OF THE REFORMS WRITTEN RIGHT HERE

Millionday: NOTE — THE REFORMS ARE BUILT ON AN INTERNATIONALLY RECOGNIZED FRAMEWORK

Millionday: WHOOPOW

Millionday: The declaration ends by providing a summary of the coordination, execution and follow up steps, list the assessment operations in alignment with the advisory team operations, 

also based on ongoing national plans and aidcoordination mechanisms such as the national development strategy for example, sector work groups and other teams, enforcing them whenever need arises to reflect demands and arising development

Millionday: SO THIS IS OBVIOUSLY PER ANNOUNCEMENTS OF IRAQ THE CURRENT PHASE WE ARE IN RIGHT NOW — THE PHASE OF REFORMS AND THE GOV PROGRAMS AS WE READ LAST NIGHT

Mary: Do you have access to the Gazette once everything is printed ? Like will you know right away or do you have to learn of it by other means. thanks..

Millionday: THE GAZETTE IS NOT ON-LINE — HOWEVER IT WILL BE TOLD IN A PRESS STATEMENT SO IT WILL BE KNOWN RIGHT AWAY

faith1: the Compact’s major objective is the construction of a united, democratic Iraq where all citizens enjoy an equal distribution of resource regardless of their backgrounds. what does ..The procedures for reform and investment will be part of a mid-term financial  framework …mid term ?

Millionday: IT MEANS THAT THEY HAVE PLANNED TO FINANCIAL PORTION TO BE AFTER SOME OF THE THINGS HERE WERE DONE AND THEY HAVE BEEN –

 SECURITY AND LAWS FOR THE CITIZENS AND CIVIL ACTIONS WITH —- THE LAWS THAT HAVE BEEN PUT IN PLACE FOR A CIVIL COMMUNITY — A SOCIETY THAT PROTECTS THE CITIZEN

msdiva: Millionday do you think we are still on the 15 day schedule for the signing of the Budget?

Millionday: THE PRESIDENT TOLD PARLIAMENT THEY COULD NOT TAKE A HOLIDAY TO RUSH THE BUDGET AND CBI HAS FUNDED THE DEVELOPMENT BANK SO I WOULD THINK IT WAS SOONER DUE TO THE HUGE RUSH AND THE CONFERENCES ETC THAT ARE SCHEDULED –

 BUT AT THE END OF THE DAY IT IS ALL UP TO THE PRESIDENT

messenger: A reference was made to mid term goals how long is that midterm is it a year or two years of the four-year term of Abadi

Millionday: THE MID-TERM GOAL IS THE MIDDLE OF RECONCILIATION AND THIS PLAN FOR IRAQ —- 

THERE IS MORE TO BE DONE AFTER THEY HAVE COMPLETED THE EMPOWERMENT OF THE PRIVATE SECTOR IN THE NATIONAL RECONCILIATION PLAN – 

THIS IS TALKING ABOUT THE MIDDLE OF THE PLAN ITSELF WILL SEE THE ECONOMICAL THINGS DONE

Papatom: one thing i noticed is the participation of international companies training the iraqi’s… that will enable them to become proficient in a short time to operate in a new world and make money to support a nice lifestyle working in different careers with competence….

and the cost will be born by the individual corporate partners…FORD … G.E. …. APPLE…. Standard Charter ….. it’s very complete…..

Millionday: YES — THAT GOES ALONG WITH THIS PLAN STATING THAT THIS WILL BE WITH INTERNATIONAL RECOGNITION —

 THE ECONOMICAL PARTNERS ARE THE INTERNATIONAL COMMUNITY AS WE SEE IN THE ENTIRE CHANGING PLAN OF NATIONAL RECONCILIATION WHICH BEGAN DAY ONE AFTER AND DURING THE SANCTIONS

Millionday: WE HAVE NEWSTIME TOMORROW AT 730 EST

http://www.dinarupdates.com/observer/

http://www.dinarupdates.com/blog/

http://www.dinarupdates.com/showthread.php?15048-Millionday-1-30

Millionday 1/30 2015  Part 1

Millionday: A commission of economy and investment representative, on Thursday, in its quest for new legislation to balance the country’s investment supports and encourages international companies to enter the Iraqi market, as shown in detail it would hold a conference on the law early next month.

Millionday: NOTE — THEY ARE HOLDING A CONFERENCE NEXT WEEK ON THE INVESTMENT LAWS FOR THE INTERNATIONAL INVESTORS TO COME INTO IRAQ

Millionday: The committee member said Osman Haji told / information /, “The decision, announced by Prime Minister Haider al-Abadi in Davos recently about Iraq’s intention to take, is to serve the enactment of new laws and investors, particularly the private sector.” 

Haji said that “the economic and investment commission agreed with the need for legislation Abadi new laws favorable atmosphere for investors in order to encourage them to enter the Iraqi market.”
~~~

Millionday: NOTE — THE PIRVATE MARKET WORKING WITH AND INCLUDING INTERNATIONAL MARKETS IS A MARKET ECONOMY — FREE TRADE WITH GLOBAL SALES AND RECOGNITION

Millionday: He explained that the “investment opportunities to be provided by law for foreign investors, is the industrial sector, and residential and commercial, and tourism, and other fields,

as well as sectors that an investor asked to work out,” noting that “what concerns us is the investor, so he would not find it difficult to invest if it came to Iraq. “

Millionday: NOTE — THE GOAL IS TO GET RID OF AS MUCH RED TAPE AS THEY CAN AND ALSO PROMOTE THE ENTRY OF AS MANY COMPANIES AS THEY CAN FOR A SUCCESSFUL DIVERSE ECONOMIC DEVELOPMENT

Millionday: Haji said that “the economic and investment commission will be held at the beginning of next month’s conference to explain the work of the new law to be enacted mechanism in the presence of investors and businessmen from inside the Iraqis and Arabs as well as foreigners.”

Millionday: SO THIS IS THE INVESTMENT CONFERENCE — WHICH IS SCHEDULED FOR NEXT WEEK – SMILE

Millionday: The General Company for Iraqi shows, on Wednesday, to continue Tbagesha with a number of neighboring countries and across the commercial attaché working there the possibility of establishing an Iraqi markets at home and those countries Kuwait, Iran, Egypt and the UAE.

Millionday: NOTE — THE IRAQI SHOWS IS TO EXPAND IRAQI BUSINESSES TO OTHER COUNTRIES — THIS IS POSSIBLE ONLY WHEN INTERNATIONALLY RECOGNIZED

Millionday: The Director General of the department Sarmad Taha Saeed said in a statement reported for “Twilight News”, said his company is now working on the development of plans and proposals and mechanisms for the promotion of cycle 42 next to the Baghdad International Fair addition to conducting interviews with curators to mount exhibitions specialist of some countries on the land of the Baghdad International Fair, or in provinces safe through coordination timings according to a timetable to set up.

Millionday: He noted that the company after its contract with the Islamic Republic of Iran will start Iranian specialist in all Iranian products in the energy and power, infrastructure and food during the second half of next February and exhibition areas over three days with the participation of more than 250 Iranian companies.

Millionday: NOTE — THEY ARE EXPECTING TO EXAPND IN THE SECOND HALF OF FEB — THAT IS VERY SOON – WHOOPOW

Millionday: He noted that his company is happy to and within the activity in the import and export has granted nine licenses to issue and renew total 3 identity export and ratification 4 certificates of origin in 1038 and the granting of import license and the issuance of 118 identity and renewal of import 69 import identity.

Millionday: SO WE ARE TALKING ABOUT LICENSING AND CONTRACTS — THIS IS NOT THE MOU`S WE SAW BEFORE OR PLANS ETC — SO OBVIOUSLY ACTION AND PROGRESS INTERNATIONALLY IS EXPECTED —

The Shoe: And you are certain they have to have a tradeable currencey prior to that happening?

Millionday: THEY HAVE TO HAVE A TRADABLE CURRENCY BEFORE THEY EXPAND THEIR PRODUCTS TO THE GLOBE WITHOUT A DOUBT

Millionday: THE FIRST PRODUCT OF ALL COUNTRIES IS THEIR CURRENCY –IT HOLDS THE VALUE OF WHAT YOU WILL EARN`S VALUE

Millionday: WHY ISNT IT A PIECE OF PAPER ? — BECAUSE IT IS CALULATED FAIRLY BY THE INTERNATIONAL PRICE INDEX CALCULATION THAT IS USED BY THE GLOBAL MARKET

Millionday: Gulf Arab oil states may need to rethink longstanding economic policies, including their fixed exchange rates, over the next couple of years as economic cycles in the region and the United States diverge. The deflationary trend will impact the region as hard-times emerge and the economies decline into 2020.

Millionday: NOTE — THE WORLD BANK IS TALKING ABOUT THE MIDDLE EASTERN REGION AND THE PEGGING TO THE DOLLAR AND ALSO NOT FLOATING TO LET THE MARKET DRIVE THEIR CURRENCIES — VERY INTERESTING TIMING

Millionday: The six nations in the Gulf Cooperation Council (GCC) have pegged their currencies to the dollar. What was once viewed as a stabilization mechanism will turn against them and import deflation as oil prices collapse.

True, in recent years the GCC economies have moved more out of sync with the United States.

However, the pegs are now pressing the GCC policymakers to mirror the U.S. central bank’s decisions even though this is contrary to domestic policy objectives.

Millionday: NOTE — THEY ARE STATING THAT ALL ECONOMIC DECISIONS DO NOT NEED TO BE BASED ON THE VALUE OF THE DOLLAR AND THEY WOULD LIKE IT NOT TO ALL BE PEGGED TO THE US DOLLAR — INSTEAD BE PEGGED TO THE SDR

Millionday: As long as they have currency pegs to the dollar, the Gulf States could face destabilizing capital outflows/inflows if they allow large interest rate gaps to open up with the United States.

There remains a risk that the US will be forced to raise rates to fight a rise in the stock market as capital inflows pour in from many regions. We are likely to witness extreme currency destabilization in the years ahead

Millionday: SO AS LONG AS THEY ARE PEGGED TO THE US DOLLAR THEY ARE AT THE MERCY OF WHAT THE US ECONOMY CONDITION IS –

Millionday: THE WORLD BANK IS STATING THAT THEY WANT THIS TO CHANGE AND SO SHOULD THE COUNTRIES INVOLVED ACCORDING TO WHAT THEY ARE SAYING HERE

jtank: which way is better iyo-why?

Millionday: THE AVERAGE THAT IS USED IN MULTIPLE CURRENCIES MAKE THE PEG TO THEM LESS RELIANT ON ONE COUNTRY`S ECONOMIC CONDITION — BAD OR GOOD –

AND THE RELIANCE ON ONE COUNTRY DOES JUST THAT — IT MINIMIZES WHAT EFFECTS THEIR RATE IN THAT COUNTRY FOR BUSINESS

Papatom: MD, do you know any country, whos currency is worth more than the dollar that is pegged to the dollar? I was un aware of the GCC countries being pegged to the dollar…am I reading that right? are they already there? or are they moving that way?

Millionday: THEY ARE REFERING TO THE MIDDLE EAST CURRENCIES BEING PEGGED TO THE US DOLLAR — AND STATING THAT THEY WOULD LIKE THEM TO BE PEGGED TO THE SDR TO MINIMIZE FLUCTUATION AS A RESULT ON JUST THE DOLLAR FLUCTUATING

Millionday: I DONT KNOW BUT IT SEEMS THAT THE WORLD BANK WOULD PREFER ALL FLOAT IN THAT REGION SO THAT IS CERTAINLY INTERESTING TIMING FOR THIS REPORT FROM THEM

The Shoe: Why would they want that?

Millionday: BECAUSE IT CREATES AN EVEN MORE FAIR TRADING PLATFORM DURING LACK OF MARKET TIMES AND MAKES THE ACTUAL RATE CLOSER TO WHAT THEY ARE WORTH AT ALL TIMES —

 IF THEIR MARKET CRASHES SO DOES THEIR VLAUE RIGHT WITH IT SO IT IS MORE ACCURATE

The Shoe: What do you mean by all float in that region? Just trying to understand.

Millionday: I MEAN THAT THEY WOULD LIKE FOR ALL CURRENCIES TO BE PEGGED TO THE AVERAGE THAT IS SHOWN BY CALULATION OF THE CURRENCIES IN THE SDR (CURRENCY BASKET) –

 WHEN PEGGED TO THAT THEY ARE NOT AFFECTED TO ONE COUNTRY AND THE LOWER VALUE THEY MIGHT ENDURE OR A HIGH VALUE AS FAR AS THAT GOES — THIS ALLOWS A MORE LEVEL VALUE —

THE US DOLLAR RATE FLUCTUATES AND THERE FORE AS WE HAVE WITNESSED — SO DO THE CURRENCIES THAT ARE PAIRED WITH IT

VIP.DIGIman1: by them pegging to the SDR, would that not affect the exchange rate in itself?

Millionday: THAT WOULD AFFECT THE RATE BUT NOT THE TRUE VALUE — THE PURCHASING POWER WITHIN THE COUNTRY WOULD BE THE SAME BUT THE PAIRING TO THE SDR WOULD THEN BE PAIRED TO THE US DOLLAR AND THE EURO ACCORDING TO THAT CALULATION AND LESS LIKELY TO FLUCTUATE ACCORDING TO ONE MARKET AS MUCH

.VIP.DIGIman1: it would still be calculated in USD then?

Millionday: IT WOULD BE AS ANY OTHER CURRENCY THAT IS PEGGED TO THE SDR

Millionday: YES IT WOULD HAVE A RATE BUT BE LESS LIKELY TO CHANGE SO MUCH FOR THE US DOLLAR FLUCTATIONS AND ONLY FLUCTUATE ACCORDING TO THE CALULATION AND THEIR MARKET GAIN IF IT FLOATS — FIXED IT WOULD JUST AFFECT THE ORIGINAL RATE MOSTLY

Millionday: SDR IS AN AVERAGE OF CURRENCIES

Loopback: Is the Yen and Pound still part of the SDR? Or is it just Euro and USD?

_firefly_: The currency value of the SDR is determined by summing the values in U.S. dollars, based on market exchange rates, of a basket of major currencies (the U.S. dollar, Euro, Japanese yen, and pound sterling).

Millionday: The President of the Investment Commission of Baghdad, Shaker Zamili, that the draft Basmajh the biggest of its kind in the history of the state, and added: “We are awaiting the receipt of a payment for $ 350 million to complete the delivery of 10 000 housing units.”

He Zamili told the “here Baghdad”, under “special meeting” program: “We have orientations establishing industrial cities outside the cities along the lines of the industrial city in Alnehraon, has Asthsalna approvals Baghdad Secretariat for the transfer of the industrial cities outside the cities,”

pointing out that we are working on Coordination with the local administration to Baghdad to establish industrial cities in Latifiyah, Taji and Abu Ghraib.

Millionday: NOTE — THE INVESTMENT LAW IS CALLED “HERE BAGHDAD ” WHEN TRANSLATED

Millionday: NOTE — PARLIAMENT AND COMMITTEES WORKING ON INVESTMENT ARE MEETING FOR DEVELOPMENT AS PROMISED — PLEASE REMEMBER THAT ABADI HAS CALLED FOR ALL REFORMS AND GOV PROGRAM TO BE ACTIVATED ALONG WITH ALL CONTRACTS ETC

Millionday: He pointed out that Baghdad Investment Authority is working to build bridges of cooperation between the Baghdad Provincial Secretariat of the conduct of its work, pointing out that the investment actually began in 2010.

He explained that some of the electrical circuits and the like trying to extort businesses by providing the necessary services for its projects, saying that the non-application of the law leads to disregard a number of state institutions and blackmail investors.

Millionday: NOTE — TRYING TO GO AROUND THE RULES SET BY THE SANCTIONS AND THE RULES THERE-OF — THEY HAVE HAD SOME WORK DONE UNDER A NEED FOR SURVIVAL

Millionday: He explained that the powers of the Investment Commission of Baghdad prevents attracting major companies, noting that the investment law in Iraq has provided investors with a broad powers of the most important laws in the world.

Zamili stressed that the security situation does not constitute an obstacle to investors, but the reason for the reluctance of investment is the bureaucracy and red tape, saying that it can not be the investor that runs contrary to the rules and conditions as the sole loser of the investment process, unlike Contracting.

Millionday: NOTE — THEY ARE SAYING THAT CONTRACTING IS A GIVEN AND HAS BEEN DONE BUT THE PRIVATE SECTOR HAS ROUD BLOCKS IN EXPANDING TO HAVE MERGERS AND INVESTORS AT THIS POINT DUE TO RED TAPE — OR OTHER THINGS DEPENDING ON WHO YOU ASK

Millionday: THE GOAL OF THIS MEETING IS TO REMOVE ANY OBSTACLES DUE TO THE GOAL OF COURSE TO ENTER THE MARKET –PROMOTE IRAQ — AND GROW AS A COUNTRY BY INVESTMENTS

Millionday: SMILE >>>>Zamili and hope that the government will continue Bdawatha to support the private sector, as well as the industrial sector, government support to be able to compete with the foreign product, along with the imposition of taxes on foreign goods, since the imposition of taxes on foreign goods is a support for local products.

Tsrihlt felt that some of the negative political impact on attracting major investment companies, and added: “we see a real will to support the national economy from the government and to provide an appropriate atmosphere to revive this economy.”

Millionday: SO OBVIOUSLY THE REVIVING OF THIS ECONOMY IS THE GOAL OF ALL AND ONE OF THOSE STEPS IS TO IMPROVE THE PURCHASING POWER 

AND ALSO SET THE REALITY RATE FOR THE DINAR ON THE MARKET AND ALSO MOVE THE ISX TO GLOBAL INVESTORS

The Shoe: Would that 350,000,000.00 come from the budget or somewhere else?

Millionday: ALL AMOUNTS THAT ARE DISTRIBUTED WILL COME FROM THE FUNDING OF CBI FOR THE BUDGET — SO THEY WILL FUND THE DEVELOPMENT BANKS 

AND ANY BANKS FOR PROVINCES ETC AND THEN AMOUNTS WILL COME FROM THAT — UNLESS IT IS PRIVATE

Comments may be made at the end of Part 2  Thank You

Investing.com – The unemployment rate in Brazil fell more-than-expected last month, official data showed on Thursday.

In a report, Instituto Brasiliero de Geografia e Estatistica said that Brazilian Unemployment Rate fell to a seasonally adjusted 4.3%, from 4.8% in the preceding month.

Analysts had expected Brazilian Unemployment Rate to fall to 4.6% lInvesting.com
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Investing.com –

Investing.com Mexico stocks were lower after the close on Friday, as losses in the Consumer Goods Services, Consumer Staples and Industrials sectors led shares lower.

At the close in Mexico, the IPC fell 2.18% to hit a new 1-month low.

The best performers of the session on the IPC were Empresas ICA, S.A.B. De C.V. (MX:ICA), which rose 2.10% or 0.320 points to trade at 15.600 at the close. Meanwhile, Bolsa Mexicana De Valores SAB De CV (MX:BOLSAA) added 1.47% or 0.360 points to end at 24.740 and Industrias Penoles Sab De CV (MX:PENOLES) was up 0.16% or 0.460 points to 298.790 in late trade.

The worst performers of the session were Grupo Financiero Inbursa, SAB De CV (MX:GFINBURO), which fell 5.48% or 2.240 points to trade at 38.750 at the close. Cemex SAB de CV (MX:CMXCPO) declined 4.31% or 0.600 points to end at 13.310 and Alfa, S.A.B. De C.V. (MX:ALFAA) was down 3.78% or 1.080 points to 27.360.

Falling stocks outnumbered advancing ones on the Mexico Stock Exchange by 87 to 51 and 5 ended unchanged.

Shares in Cemex SAB de CV (MX:CMXCPO) fell to 52-week lows; losing 4.31% or 0.600 to 13.310. Shares in Alfa, S.A.B. De C.V. (MX:ALFAA) fell to 52-week lows; losing 3.78% or 1.080 to 27.360.

Gold for April delivery was up 2.33% or 29.30 to $1285.20 a troy ounce. Elsewhere in commodities trading, Crude Oil for delivery in March rose 7.39% or 3.29 to hit $47.82 a barrel, while the March Brent Oil contract rose 6.87% or 3.38 to trade at $52.51 a barrel.

USD/MXN was up 1.38% to 14.9988, while EUR/MXN rose 1.11% to 16.9340.

The US Dollar Index was up 0.06% at 95.02.

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backdoc » January 30th, 2015,  Under a mattress, in the freezer: Why so many are hiding cash

Kelli B. Grant | @kelligrant    CNBC.com

Where to stash your cash? Some Americans are sleeping on it—literally.

While banks are still the go-to solution for most consumers, 29 percent say they’re keeping at least some savings in cash bills and coins, according to a new survey of 1,820 adults from American Express.

Of those holding cash savings, 53 percent are hiding it in a secret location.

Millennials are even more apt than other generations to go the mattress or freezer route, with 67 percent of those saving cash saying that they hide it outside a bank account.
….

“We’ve long asked people about how they’ve planned to keep their savings, and for the past few years, we’ve seen an uptick in people saving cash,” said Kimberly Litt, public affairs manager at American Express. This is the first year the company has specifically asked Americans about tucking away cash.

The survey also found that about 1 in 4 consumers anticipates a financial emergency this year, and hiding cash at home could be one way people are preparing.

“I’ve also heard of people using it as a budget technique, keeping cash in envelopes set aside,” said Litt.

Read MoreA five-minute fix that can help you save more

AmEx didn’t ask where, exactly, that cash is stashed, but a 2012 Marist College survey of 1,080 adults found that the most popular place—with 27 percent of the vote—is the freezer.

A little less than 20 percent of Americans hide cash in a sock drawer, while 11 percent put it under the mattress and 10 percent secure it in a cookie jar. Another 9 percent keep their cash somewhere else in the house.

“We saw a surge of this back in 2008, when the banking crisis was going on,” said security expert Todd Morris, founder and chief executive of BrickHouse Security, a company that sells security, technology and surveillance solutions.

The trend has continued in recent years, he said, with more people installing floor and wall safes to store important documents and cash.

Read MoreHere’s why your auto insurance jumped 41%

But keeping large amounts of cash in the house is something that makes personal finance experts cringe. “Can’t discourage it strongly enough,” said Greg McBride, chief financial analyst at Bankrate.com. “That’s a recipe for problems down the road.”

Primarily, that’s because the funds don’t have the same loss protections afforded to an FDIC-insured savings or checking account. “Keeping money stashed around the house leaves you at tremendous risk of theft or loss due to fire or some sort of unforeseen disaster,” he said.

There are plenty of horror stories, such as the Israeli woman who in 2009 replaced her mother’s old mattress, only to learn that it was where she’d hidden her life savings, an estimated $1 million.

Or the man in Moline, Illinois, who accidentally donated a suit with $13,000 stashed in a pocket.

That said, it’s not a bad idea to have a little cash at home, for use in an emergency, said McBride. After a major storm, for example, ATM access may be limited or stores’ credit card processing systems may not be working.

Keep on hand what you’d need to tide you over for a few days, with the exact amount depending on your family’s financial situation, he said.

But even then, come up with a decent hiding spot. Thieves know which spots are popular, Morris said. “Burglars definitely know certain places to look, like the bottom of your sock drawers, and underneath your drawers, where it’s easy to tape an envelope [of cash],” he said.

“If you think about your house and you know where things are, you can think about some places where people wouldn’t look.” Maybe a tool box in the basement, for example, or a little-looked-at book on your shelf.

Pick just one place, Morris said. Divvying up cash among multiple spots increases the chance of you forgetting one of the hiding places or otherwise losing the cash (say, by adding the pair of boots where it’s stored to the yard sale pile, or throwing out that old hairbrush that’s actually a diversion safe).

Be sure to tell at least one other person the location of your hiding place, he said. That reduces the chances of an accidental disposal, and also ensures your assets won’t be lost if you suddenly pass away.

http://www.cnbc.com/id/102377632

The Sunni-Shiite sectarian tensions in the city of Samarra are back on the front burner. Sunni politicians, clerics and a number of individuals have been hurling accusations on social media sites and in various newspapers at some government officials, accusing them of attempting to turn Sunni cities — which are home to the shrine of the 11th and 12th Imams in Twelver Shiite Islam — into Shiite towns.
The Samarra district is located to the east of the Tigris River, in Salahuddin governorate, 160 kilometers (99 miles) northwest of the capital, Baghdad. The city is of great historical value, as it was the capital of the Abbasid Caliphate during the 19th century.
It is famous for the Great Mosque of Samarra and its minaret, the Malwiya Tower (pictured below). Moreover, the Sunni-majority city is home to the shrine of Imams Ali al-Haid and Hasan al-Askari, who are the 11th and 12th Imams of Twelver Shiite Islam.
The shrine was bombed by al-Qaeda during an incident in 2006, which led to the outbreak of sectarian violence across the country.
In 2005, Iraqi law charged the Shiite Endowment — the body that manages the affairs of holy places — with the affairs of the shrine. The Sunni Endowment objected to this law, as it considered the shrine to be located within its jurisdiction. However, as per the law, the Shiite Endowment took it upon itself to rebuild and expand the destroyed shrine.
Sunnis continue to object to this law today, and it is among their most pressing and notable demands.
Tension in the city escalated in 2010, when the Shiite Endowment started buying lands surrounding the shrine. This issue preoccupied the Iraqi public for two years until the Iraqi judiciary ordered it to stop land acquisition in 2012.
In a phone interview with Al-Monitor, engineer Muhannad al-Badri, the editor-in-chief of the local Salam newspaper, confirmed that landowners started to sell their lands given the tempting offer they were receiving — $2,000 per square meter (11 square feet).

LINK

Investing.com –

Investing.com – The Commodity Futures Trading Commission released its weekly Commitments of Traders report for the week ending January 27 on Friday.

Speculative positioning in the CME currency, commodity and index futures:

LongShort NetPriorChangeGrossChangeGrossChangeEUR-184.7k-180.7k-4.0k50.5k-1.6k235.2k2.5kGBP-45.3k-45.7k0.4k38.6k3.3k84.0k3.0kJPY-64.7k-77.9k13.2k26.5k0.0k91.2k-13.2kCHF-7.4k-9.8k2.4k8.8k0.6k16.2k-1.8kCAD-24.0k-29.1k5.1k28.9k4.7k52.9k-0.4kAUD-48.9k-46.6k-2.4k16.1k6.3k65.0k8.6kNZD-3.7k-1.8k-1.8k11.9k1.0k15.6k2.8kMXN-44.6k-46.3k1.7k26.7k7.7k71.3k6.0kS&P77.3k78.7k-1.3k463.3k10.4k385.9k11.7kGold188.9k162.5k26.5k238.4k15.2k49.5k-11.3kSilver53.3k46.3k7.1k65.7k3.5k12.4k-3.6kCopper-40.7k-36.8k-3.9k46.6k0.3k87.3k4.2k

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Economic Commission for Refugees has allowed the private sector to accept the state departments certified instruments issued by private banks and its receiving payments of taxes and fees and government restricted accounts stakeholders. Uncertain Involve the private sector in decision-making and opinion on economic matters.

Committee headed by Deputy Prime Minister Ruz Nuri Shaways paper submitted by the Association of Iraqi banks on the development of the private banking sector and discussed, stressing that the Commission first took the initiative to work on private sector involvement in decision-making and opinion on economic issues through the involvement of a broad spectrum of non- governmental organizations concerned with the affairs of the private sector in the Economic Commission for the private sector. A statement from the office Shaways received (time) yesterday that the (committee that participate in the membership of the financial, oil and Commerce, Industry and Minerals Minister and Chairman of the National Investment Commission and the Governor of the Central Bank and Chairman of the Securities Commission and Economic Adviser to the Prime Minister and the Director General of the Legal Department of the Office of the Prime Minister and President of the Association of Iraqi banks The head of the Iraqi Economists Association Directors-General in the Rafidain and Rasheed and the Iraqi Trade Bank of TBI and member of the National Business Council of Iraq and the members of the Iraqi Association of private banks and stressed the importance of the banking sector being the artery that passes through the economic and financial events of all, if I want any country to apply there must be a a sophisticated banking system). He added that the (Commission discussed the problems and obstacles and solutions facing the banking sector and recommended to reconsider previous decisions on non-deposit government funds with private banks according to the guidelines issued by the Ministry of Finance in order to restore confidence between citizens and the private banks and forcing state departments to accept certified instruments issued by private banks, building and its to receive payments of taxes and government fees and restricted accounts stakeholders) He explained the statement of (recommendations allow the deposit of employees and pensioners in the private banks that are placed controls the coordination between the Ministry of Finance and the Central Bank and the Association of private banks mechanisms to achieve ensuring the rights of depositors and release payments credits according to the contexts force in the world and not suspended Aotakherha when support receipt.) He said (the Commission requested from the central bank and the banks and government study the possibility of lending to the private banks to finance small projects exclusively and the Trade Bank of Iraq to open lines of credit to the private banks under the supervision of the Central Bank) and the statement noted (activation the role of financial Court, as provided by the Banking Act and not to resort to other courts and asked the central bank to study the possibility to take advantage of the legal reserve for private banks to grant investment loans from the reserve and under the supervision of the bank).

On the other hand, search the President Fuad Masum, with the general supervisor of the Higher Committee for the Development of Education in Iraq, Zuhair Abdul Ghani Hamadi educational reality in Iraq and ways to elevate it to a new generation able to keep up with the rapid developments taking place in the world in all fields.

He infallible in a statement yesterday (need to focus attention on the development of higher education and scientific research and the development of programs and plans of the process in order to build the Iraqi man and the development of his capabilities, so as to create a new and well-informed competencies on trendy styles in enterprise management in all fields).

Turn accept Hammadi (functions and programs of the Commission and achievements), pointing out that (Committee interested in developing human resources by sending scholarships to various universities in the world sober, as well as interest in the development of modern administrative system can scholarships service are distinct, as well as the development of education for all stages school through the modernization of the curriculum and the introduction of modern) teaching methods.

And cross-Hamadi (forward continues to support the infallible for this vital project which contributes to the enhancement of opportunities for outstanding students to perform their role in the service of Iraq).

LINK

Stage3Alpha:

jetdriver2 January 30, 2015 Copied From Twitter

JC @JCR3758
Guys I would love to tell you exactly when the official RV with live rates will take place but I can’t since I run out of characters to explain.

JC @JCR3758 
All kidding aside, we are extremely close. Maintain your calm and professionalism.

R.V. / GCR January 30, 2015 at 6:04pm  Monday i was told bonds move

AJM0603 > R.V. / GCR True as long as we RV this weekend…but I heard Wednesday as they still must unblock funds.

Ron Burgundy > R.V. / GCR I heard the codes for redemption were released yesterday afternoon EST.
….
Janie > Ron Burgundy IF the budget gets published tomorrow, then Iraq has no choice. Because everyone will be wanting the money they’ve just voted on in the budget. And once it’s published, it (theoretically) must activate. I think Article 59 was a very powerful vote. Sounded to me like they were forcing the issue :)

 R.V. / GCR > Ron Burgundy Lets keep going forward. The admin hold treasury side is still problematic, even to the discourse of the nation of Iraq becoming international without the full backing of the USA TREASURY. There are many countries that do not trust whats going on right now. I.e. MEXICO FOR EXAMPLE…That will not cash a vietnam dong or said zimbabwe note for any amount of money without the REPUBLIC and the Treaty of basel 3 even on Monday. The problem may be the mirror budget between the Reserve currency and the backing of the secret reserve currency the DINAR

Carden > R.V. / GCR Well, I will add to this comment. IMO Mexico will not cash any VND/IQD/RUP/ZIM without the UST guaranteeing the exchange which they have NOT done. During their recent coordinated currency exchange (this past Christmas) with a few well known currency holders they looked to China to provide the guarantee which they had been previously given and I understand they didn’t hear back. Mexico central bank doesn’t want to be stuck holding worthless Monopoly money from any country. Doesn’t have anything to do with “REPUBLIC” or “BASEL 3″. It’s just simple good business practices.
I do agree the problem may be the mirror budget… that’s a good call. The “secret reserve currency, the DINAR” tho, ain’t so secret.Thanks, R.V.

Ron Burgundy > Carden Well hopefully the process has indeed started in earnest.  I cannot imagine them being able to hold this back much longer!God Bless!

Janie > R.V. / GCR thank you for this clarification. this makes a great deal of sense. Problematic indeed – it’s a problem that’s been 100 years in the making, this lack of distrust. Any of us who’ve been following this trail for awhile also have that lack of distrust. Even after the eventual exchange, that distrust will still be lurking behind the closet door. 

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KThompson 
What is this mirror budget people are talking about.

Carden > KThompson Seems that throughout this escapade there have been remarkable coincidences between USA and Iraq that show this mirror effect over and over. Now if we learn of BIG CHANGES in USA budget that don’t make sense to the average person we here will know what the reason is. Diminishing deficit/debt, for instance. The clues are obvious. The verbiage however, will not be so clearly stated nor explained, as in we now have asset-backed currency, pegged to the IQD, with debt paid thanks to the exchange of the IQD/USD purchased during Bush years and to pay for the Iraq war.

Janie > Carden And perhaps that’s why Obama put all those domestic funding statements into his new proposed budget? Because now he can afford to fund them? – I thought about that the other day when he announced the proposed 2015 budget :)

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GET:

Topic: If you cannot do great things, do small things in a great way. Napoleon Hill

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TNT:

AstorJack:
I honestly don’t think the value of the dong will be .08 cents, remember that is what the PTB said to tell Tony and DC, so far Tony nor DC was able to confirm that, I personally believe the reason for that rate is to slow the process of exchange down and also so that people wouldn’t go and purchase more.

Adept1: DC from Friday TNT CC: 
DC:  Not a lot has changed – everything looks really good.  Positive stuff has gone through in Iraq with support in the US.  In Iraq they passed the budget and made it public. It has been published in many places, and the official date in the Gazette is tomorrow.  It’s a pretty dry read but has some good stuff for those looking for investment information, like for roads and infrastructure.  The pressure is very high on Abadi and his team to get this revalued.  

Most feel the RV is very shortly behind, and they are jumping up and down in frustration.  Many including the US are insisting this RV gets done quickly especially because of social issues and ISIL.  There is more on Iraqi television about the economic reforms.  It’s a holiday there, and in the mosques they said to pay attention to the various news outlets.

About Dr. Shabibi and the rate, it seems to be higher than the rate on the cards.  Shabibi has always argued for a much higher rate, and he is very convincing.  So he’s been working on has been raising the rate, while PM Abadi just wants to get this out and raise the rate later.  Even with falling oil prices, Shabibi has successfully pushed for a higher rate.

 In the US, all checks have been done and we are waiting on Iraq – banks, Homeland, UST, all the other law enforcement agencies are all waiting on Iraq. They are keeping the times close, with a wide window but ready to go. There are many leaks, and that is how we get our information!  

So the times are held by just a few people, keeping people on super-high alert.  

There is a running joke in Congress and the UST that this will go during the SuperBowl kick-off. Everyone is tired of the stops and starts it’s almost become a joking matter.

KTFA:

JJONESMX » January 30th, 2015,  World Bank Questions Iraq Currency Peg

Posted on 30 January 2015 . Tags:

Central Bank of Iraq (CBI), dinar, Dinar Exchange Rate, IQD, iraqi dinar, oil prices, re-denomination, re-valuation, Redenomination, revaluation, World Bank

World Bank Questions Iraq Currency Peg  By John Lee.
A report published on Thursday by the World Bank focuses on the implications of low oil prices for eight developing countries — Egypt, Tunisia, Lebanon, Jordan, Iran, Iraq, Yemen and Libya — and the economies of the GCC (Gulf Cooperation Council).

The Plunging Oil Prices report questions the practice of pegging the Iraqi dinar to the US dollar, noting the that value of the dinar has been falling against the dollar in the parallel market:
“Iraq pursues a policy of a de facto peg to the U.S. Dollar, and therefore monetary policy is constrained in tackling the current shock.

“The Central Bank of Iraq (CBI) had kept the Dinar steady through January 2009.
“In 2014, the nominal exchange rate in the official market remained stable against the U.S. Dollar at 1,166 IQD/1 USD, but the rate in the parallel market increased.

“The CBI has recently taken steps to simplify foreign exchange market regulations, but has not eliminated all existing exchange restrictions and the multiple currency practice.

With the peg, fiscal policy carries the burden of macroeconomic stabilization, but in this case does not have the space to do so.“

http://www.iraq-businessnews.com/2015/01/30/world-bank-questions-iraq-currency-peg/

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jdtolle » January 30th, 2015, A matter of doing it

Whatever you must do is not particularly hard. It’s just a matter of doing it.

Sure, it has its challenges. And those challenges are what give value to the work you do.

Are you avoiding something because of how hard you think it will be? Stop and remind yourself how foolish that is.

You are capable of doing great work, of making a positive difference, and of transforming the challenges into achievements. Go ahead and get busy doing all that.

Worry and procrastination will just make the task more difficult when you eventually have no choice but to do it. So now, while you still have a choice, choose to get the work done.

You can in fact enjoy the effort, enjoy the challenges, and enjoy pushing forward. So take a deep breath, put a smile on your face, feel your power, and get the work done.

— Ralph Marston   Wishing All a safe, warm and blessed day    JDT

Met with House Speaker Dr. Salim al-Jubouri, Friday evening, Prime Minister Haider al-Abadi.
During the meeting, research in the political process developments and activate document the political agreement, especially after the national consensus, which witnessed the adoption of the draft budget.
During the meeting, research developments in the security landscape and breaches took place in some provinces and the ways and mechanisms to address them.

Information Office
of the President of the Iraqi Council of Representatives
01/30/2015

LINK