Zig’s Place Chat Room Discussion and News Tuesday 9-8-20
Zig’s Place Chat Room Discussion and News Tuesday 9-8-20
Xyz A high-ranking delegation from the provincial government arrives in Baghdad
{Baghdad: Al Furat News} A high-ranking delegation from the Kurdistan Regional Government, headed by Qubad Talabani, Deputy Prime Minister, arrived Tuesday morning in the capital, Baghdad, to resume talks with the federal government to resolve differences and outstanding issues between the two sides.
The provincial government delegation has made several visits to Baghdad in the past months.
The differences and outstanding issues between Erbil and Baghdad are based on the region's share of the financial budgets, the entitlements of the Peshmerga forces, the export of oil, and the disputed areas covered by Article 140 of the Iraqi constitution. Baghdad and the region reached a temporary agreement regarding the payment of salaries until the 2021 budget is approved. LINK
xyz The Kurdish delegation in Baghdad ... and the Kurdistan government comments
The delegation of the Kurdistan Regional Government headed by Qubad Talabani, Deputy President of the Regional Government, arrived on Tuesday in the federal capital, Baghdad.
"The delegation's visit is an extension of previous visits and dialogues between the Kurdistan Regional Government and the federal government," said the spokesman for the deputy head of the Kurdistan Regional Government, Samir Hawrami.
He pointed out that "the delegation will discuss with federal officials the draft general budget law for 2021 and the financial dues for the region therein." https://www.mawazin.net/Details.aspx?jimare=121583
Xyz Politician: Erbil owes 50 billion dollars to Baghdad
Political analyst Muhammad al-Aqili revealed, on Monday, that the Kurdistan region is required to pay its debts to Baghdad, which amount to about 50 billion dollars, indicating that the multiple departments are the closest to the upcoming elections.
Al-Ugaili said a statement that "there is exploitation by the Kurds of the conditions in which Iraq is living and postponing the visit of the delegation is not the last."
He explained that "the multiple districts are the closest to the upcoming elections, and that the Federal Court Law is supposed to be voted upon." https://www.ikhnews.com/index.php?page=article&id=225951
xyz Soon ... the 2020 budget will see the light
The federal public budget for the current year 2020 faced multiple problems and obstacles, not the least of which was the sudden drop in oil prices, in addition to the Corona epidemic and the accompanying collapse of economic activity not only in Iraq but throughout the world, which constituted an additional burden on the budget project, which is burdened with a large deficit,
Despite all this, the competent parliamentary committees affirm the ability to read and approve the budgets of 2020 and 2021 as soon as they are sent to the House of Representatives, and more than one competent authority expressed their hope that the 2020 budget will soon see the light after a long time waiting.
Yesterday evening, Sunday, a joint meeting was held under the chairmanship of Prime Minister Mustafa Al-Kazemi and Speaker of Parliament Muhammad Al-Halbousi, to discuss the state budget for 2020.
The convening of this meeting, which was attended by a number of ministers, deputies and advisors, comes within the methodology of cooperation between the legislative and executive authorities, in order to develop the best means and pillars that serve the national economy. The meeting discussed the draft of the state budget law for the year 2020, as it is one of the most important objectives of the ministerial curriculum of the government, in a manner that ensures the citizen’s interest and level of living are taken into account.
The joint meeting also dealt with following up on the latest steps in preparing the economic reform paper, as well as discussing general frameworks for the state budget for the next year, 2021.
The government has a month to send the budget for next year 2021, and despite the lack of time to read and approve the two budgets (this year and next), a member of the Parliamentary Finance Committee, Jamal Cougar, confirms that Parliament is ready to disc
xyz The government has a month to send the budget for next year 2021, and despite the lack of time to read and approve the two budgets (this year and next), a member of the Parliamentary Finance Committee, Jamal Cougar, confirms that Parliament is ready to discuss and approve the budget for the current year 2020, stressing that this year's budget "will see the light" if it is sent
On the issue of the 2021 budget, Cougar told Al-Sabah: “The 2021 budget will be operational. As for the investment, it will be ink on paper, because the government does not have sufficient funds for it.”
The Ministry of Planning announced earlier that the job grades of 240,000 degrees will be moved from the 2020 budget to the 2021 budget according to the mechanisms of deletion, creation and retirement. He points out that the 2021 draft budget does not include a legal text that allows the government to borrow internally and externally, because "oil prices have begun to recover globally, as well as the government's control over the revenues of many outlets."
Member of the Finance Committee, Majed Al-Waeli, criticized the budget preparation mechanisms, stating that they are still "with the same stereotypical vision, and all procedures are going in a monotonous manner". Regarding the availability of job grades, Al-Waeli hinted in his speech to Al-Sabah that there are real grades close to the number announced by the Ministry of Planning The amount of 240 thousand degrees, indicating the possibility of the availability of these degrees in the event of completing the transactions of retired referred to retirement and receiving them Their rights.
xyz MP Muhammad Shiaa Al-Sudani supports the talk of his colleague Al-Waeli regarding the availability of job grades. A member of the Committee for the Follow-up of the Implementation of the Governmental Program and Strategic Planning says to Al-Sabah: “The number announced by the Ministry of Planning with the presence of job grades of up to 240,000 degrees is a real number resulting from the implementation of a law Retirement and the movement of owners in all ministries, "expressing his concern about" fairness "in the distribution of these job grades, and the control of this file by influential political forces, especially with the imminent holding of early elections, and the Sudanese MP called on the government to put job grades at its disposal Service board Federal." LINK
xyz Baghdad and Erbil form committees to resolve disputes
Baghdad / The delegation of the Kurdistan Regional Government headed by Qubad Talabani, Vice President of the Regional Government, began its first meeting in the capital, Baghdad, with the Minister of Finance and Deputy Prime Minister Ali Allawi.
Samir Hawrami, a spokesman for the Vice President of the Kurdistan Regional Government, according to the Patriotic Union of Kurdistan website, said that an expanded meeting was held in Baghdad after the arrival of the region’s delegation to it, explaining that the delegation of the region and the delegation of the federal government discussed the outstanding differences between the two sides and the financial dues for the region and the draft general budget law for 2021.
Hawrami added: "The meeting decided to form specialized and subsidiary committees to intensify dialogues on oil and gas files, financial dues, electricity, border crossings, and debts."
He indicated that it is expected that these committees will present the results of their follow-ups and dialogues in light of the paragraphs and articles of the Iraqi constitution to the two negotiating delegations in order for an agreement to be reached.
He pointed out that the Kurdistan Regional Government delegation expressed readiness to agree with the federal government regarding oil and non-oil revenues and border crossings revenues. https://ninanews.com/Website/News/Details?key=855078
Zig Kaperoni is still allowed to come here and chat but without the name-calling....let's see if that works...see if you folks can converse with him without resorting to name-calling as well, as it goes "both ways".....if not, I may have to make an exception to my rule....enough said...
Dave If folks choose to follow Kap......OKAY.......Many do prefer to follow CBI instead......CBI must be IDIOTS TOO......? Who to believe........?hmmm CBI has said NO float fer yrs.....Kap has his own plan...
xyz Under the dome of Parliament, the Minister of Finance discloses the reason for the delay in the reform paper
Shafaq News / The Minister of Finance in the Iraqi federal government, Ali Allawi, revealed on Tuesday the reason for the government’s delay in sending the government reform paper to Parliament. This came during his hosting of the parliament session, according to what a parliamentary source revealed to Shafaq News.
The source said, "Finance Minister Ali Allawi made it clear during his attendance at the parliament session that the reason for the government’s delay in not sending the government reform paper to Parliament was the lack of completion of the domestic and foreign borrowing law to bridge the fiscal deficit for the year 2020."
He added that "the government did not borrow any external amount, and only borrowed locally," noting that "the government disbursed all internal borrowing funds, according to the Minister of Finance."
Minister Allawi said, according to the parliamentary source, that the government will present the reform paper to Parliament and other concerned parties at the end of this month.
According to Allawi, the government is working to stop the waste of public money at all levels, and that this will be guaranteed in the economic reform paper.
And Iraq had resorted to borrowing to contain the financial crisis that resulted from a significant decline in oil prices during the past months due to the Corona pandemic, which paralyzed large sectors of the world economy.
Iraq relies on oil to finance up to 95 percent of state spending.
Al-Kazemi pledged, upon the formation of his government last May, to carry out reforms in the country that would improve public services in the country, create the atmosphere for early elections, as well as fight corruption. xyz LINK
xyz Al-Kazemi directs to hold a special session to approve the budget law
Shafaq News / Ahmed Mulla Talal, spokesman for Prime Minister Mustafa Al-Kazemi, announced that the latter had directed to hold a special session to discuss and approve the 2020 federal budget.
Mulla Talal said in a tweet that the session will take place at the beginning of next week.
The spokesman for the General Secretariat of the Council of Ministers, Haider Majeed, told Shafaq News on Sunday that it had received the special budget for the remainder of the year 2020, by the Ministry of Finance, to be discussed and sent to the House of Representatives.
The head of the Parliamentary Finance Committee, Haitham al-Jubouri, also revealed to Shafaq News that the draft budget law will be limited to the months of September, October, first and second, and December.
Iraq has not passed the federal budget law for the current year as a result of the protests crisis that has swept the country since October 2019, and toppled the previous government.
Mustafa Al-Kazemi's government faced difficulties in preparing the budget project at a time when the country was suffering from a stifling financial crisis, resulting from the collapse of oil prices in world markets. LINK
Dave sadly CV had shut down the work of Parliament -- postponed and more delays Folks figure there Protests not such a good idea at this time......????
xyz Minister of Finance from Parliament: We seek to stop the doors of wasting public money
The Minister of Finance, Ali Allawi, confirmed, on Tuesday, that the government seeks to stop the doors of wasting public money at all levels.
Allawi said during his presence in the parliament session today, "The reform paper will be presented to the three presidencies and the relevant committees at the end of this month."
"We seek to stop the doors of wasting public money at all levels, and this will be included in the economic reform paper," he added. LINK
Dave wastin public money in IRAQ........? Kazemi figured that out........About Time! i see no controversy...... Kaps word over CBIs ......easy fer me to decide. only reinforces what i believe --all speculation.....except the word NO!
Zig Dave : As I recall, you had some "decent" discussions with him at times...
Dave only learn by questioning ones logic.....dont take anything "Carte Blanche" that french......
Dave if one cant question ones logic without an answer or a response....where is the logic?
Dave Iraq once very wealthy......uber rich......sanctions ......now uber poor?
Dave one of the wealthiest country in the world.....? no longer globally tradeable......
Zig I got in because an online "Acquaintance" told me to hurry up and buy it because it would soon be over $3.....I rushed to buy.....worried I was too late....that was 10 years ago.....lol
Dave CBI states Delete 3 zeros and increase the purchasing power of the IQD
Dave some do their own research before investing
Zig Dave : No time for any research then as I thought I was too late!!.....lol
Dave some i hear have more money than brains
Tebow Zig why should one care what others do with their money. Unless maybe one is working with dinars dealers trying get people to sell.
Zig Dave : I have more brains than money but that's not saying much.....lol
Dave wished to be be retired by now
Tebow Dave retirement is great
Dave would have if i didnt leave the oil patch
Tebow just confusing s you have no weekends to look forward to
Dave just had 3 days off being rich would mean i would get someone else to reno my home......and live in a resort fer 3 weeks
Doug_W Dave you have a V E R Y warped view of life and wealth
Dave yeah try hoisting up a upper corner cabinet,,,,,,FUN?
Doug_W what U constantly discuss will NOT I repeat NOT make U happy I know as I have financial security and that does not provide me happiness that comes from within
Dave bowl of popcorn a good movie with wife
Doug_W been there dun that too I remodeled completely to bare walls an old (1888) farm house
Dave when your pushing 60??????
Doug_W no when I was much younger actually
Zig @Doug_W sees patients here by appointment only to discuss your "Happiness From Within" which your Dinar will not provide for you
Bob What this person said recently( Sheila) said about a "float rate" is incorrect. A float or in this case a floating currency is the result of market forces ie supply and demand.
xyz "The influential parties no longer control the prime minister"
The independent MP for Diyala Governorate, Nahida al-Daini, said on Tuesday that political parties no longer control the prime minister under the current government headed by Mustafa al-Kazimi.
In a special statement to Shafaq News, Al-Daini said that influential parties are trying to recycle the same former faces accused of corruption to fill high government positions. Al-Daini indicated that these parties are accustomed to managing the files of the prime minister, adding, "but they cannot do that as before."
Al-Daini also denied attacking Al-Kazemi.
Media and social media platforms reported statements attributed to Al-Daini, stating, "We have not seen any achievements from Al-Kazemi on the ground until this moment, but rather relied on the loud media."
Al-Daini responded by saying, "I have never made such statements, and I do not know about them," noting that "Al-Kazemi faces great and grave challenges, most notably resolving the issue of fugitive weapons, corruption, and choosing the appropriate personalities for the positions." LINK
Doug_W Bob IE Capitalism
Dave Bob Managed Float or Free Float>>>>? Big difference
Doug_W Dave supply and demand not govt controilled
Dave tru central banks money they decide
Bob There are those that are looking for a "float rate". No such thing. Floating is a verb denoting an action. Some countries float some peg. Some do what called a dirty float where they control it within parameters.
Sheila Bob Let me clear this up for you. I DID NOT say I believe there would be a float rate. That Kap - Joe, whomever repeatedly says there will be a float rate on the dinar. I repeatedly asked HIM to tell us what that float rate would be. He keeps saying there will not be an overnight RV. Do not lump me into any category that includes Kap - Joe, whatever.
Allascam (Kaperoni) sheila You might want to read up on how countries transition from peg to float. They do not RV first they simply change from peg to float. So when they decide, they will simply change and the rate starts at what it is at the time..which is 1190. Start reading here... https://www.imf.org/external/pubs/ft/wp/2004/wp04126.pdf https://www.imf.org/external/pubs/ft/issues/issues38/ei38.pdf
Sheila Zig I am going with history of currency valuations. The dinar can certainly revalue back to where it was devalued.
Sheila Allascam No thank you. You have tunnel vision on the IMF sources. Besides we all know now that you are a true believer in the dinar. You're just not done throwing your temper tantrums. lolol
Allascam (Kaperoni) sheila lol no I just know the CBI follows the IMF! They have to they have signed Stand By Agreements making them
Sheila Allascam I'm thinking the CBI follows the BIS and all those private bankers in the central banking system.
Sheila Allascam Still waiting to know the "float" rate you are expecting on the dinar??? Oh, the new guy, Bob, had some good words to say about your float rate theory. He had me confused with you. Never to be... lolol
Zig sheila : Float from wherever it is at the time it starts... I believe Kap says....
Dave Allascam https://www.bing.com/videos/search?q=how+to+say+no+in+40+laguages&docid=607987852478775746&mid=CA2EC2F49C1082093679CA2EC2F49C1082093679&view=detail&FORM=VIRE
8 Sep 20, 03:54 PM Dave understand that translation?
Knowitall (Kaperoni) Not once has has the CBI not done what the IMF said in 15 years I have been reviewing docs. Your a fool to think they would do otherwise. They have a charter to follow to remain members in the UN, IMF and WB. They cannot RV the dinar..every with over 42 trillion sitting in mattresses
Dave wheel barrows or wallets then?
Sheila One man's opinion: (9/8) Iraq Amazing News -- https://www.youtube.com/watch?v=7KuFVaIqSek
Tebow Iraq is a soverign country! They do not have 42 trillion in stuff in their beds. All gurus have been wrong. No matter how many times a guru tells you his opinion, it does not make it fact, just an opinion he has repeated millions of times. Repeation is not fact!
Dave Tebow 42 trillion fer yrs ...despite CBIs currecy auctions taking 3=4 trillion a month fer like ayear
Tebow Dave yes, seems some may not accept that fact. The CBI is not going to give anyone a hint as what they are going to do.
Dave Fact that CBI has had no currency auctions? Tebow you mean CBI aint going to have a date or rate......man....who is going to give us a hint so i can go out and buy a ton of it before this Rvs
Sheila Interesting take on liquidity and extreme hardship in the economy: The Biggest Wealth Transfer In History --https://www.youtube.com/watch?v=EZKI2FfQjnQ
Xyz 9-8-2020 Intel Guru Joe Article: "The House of Representatives has finished reading two laws and addresses an oral question to the Finance and Planning Ministers" Quote: "...the importance of reviewing the exchange rate so that the Iraqi economy enters the circle of competition with the interest of the International Monetary Fund in the issue of the exchange rate..." NOW WE ARE TALKING...FINALLY...AWESOME NEWS...
Sheila One man's opinion: (9/8) MORE AMAZING NEWS -- https://www.youtube.com/watch?v=g7jyyrPUofc
Dave .....amazing now only 2.6 billion left...... some here tell that is the Ch7 impediment in going global withy the IQD
Sheila Funny Prayer about Getting Old - Home Instead -- https://www.youtube.com/watch?v=vPFCn3itBFE
Sheila Deal of the century phone call scene -- https://www.youtube.com/watch?v=EGNF7b86TiA
Sheila that scene is metaphor for all those that gave up just before the RV activated... lolol
Knowitall (Kaperoni) The size of the Iraqi monetary block is 80 trillion dinars
09/08/2020 20:02 Baghdad / Obelisk: A member of the Parliamentary Finance Committee, Ahmed Hama Rashid, spoke on Tuesday, September 8, 2020, about a number of reasons that led to a crisis that faced the government when it decided to borrow from banks in the country, while revealing the size of the monetary mass in Iraq and the volume of its trader.
A member of Hama Rashid said, in a press statement, that "the Iraqi citizen's lack of confidence in the banking system is due to many reasons, the most prominent of which is the lack of credibility in the infrastructure of banking systems of all kinds on the part of the Iraqis, although Iraq has 86 governmental and private banks."
Hama Rashid added, "This means that these banks could not participate in building the economic infrastructure due to the poor banking system and the failure of these banks to fulfill their obligations towards the Iraqis, and that Iraq still lacks legal legislation guaranteeing deposits in banks despite the submission of a draft of this." Law since the previous parliamentary session 2014-2018. "
And about the size of the monetary block in Iraqi dinars, Rashid revealed, "Iraq has a printed cash block issued by the Central Bank estimated at 80 trillion Iraqi dinars, with a circulation volume ranging from 38 to 40 trillion dinars, but less than half of the last number is found in government banks. And eligibility, and the rest is stored with merchants and families in their homes, which led to the government facing a crisis in borrowing from banks because of Iraq’s reliance so far on the circulation of paper currency without relying on electronic trading and credit cards.
Iraq witnessed a large cash liquidity crisis following the decline in global oil prices due to the Corona virus pandemic, which led to difficulties the government faced in providing Iraqi cash to meet the requirements of public employees' salaries and operating expenses. LINK
Knowitall lol
Knowitall (Kaperoni) And about the size of the monetary block in Iraqi dinars, Rashid revealed, "Iraq has a printed cash block issued by the Central Bank estimated at 80 trillion Iraqi dinars, with a circulation volume ranging from 38 to 40 trillion dinars, but less than half of the last number is found in government banks. And eligibility, and the rest is stored with merchants and families in their homes, which led to the government facing a crisis in borrowing from banks because of Iraq’s reliance so far on the circulation of paper currency without relying on electronic trading and credit cards.
Zig If you access this chat via https://my.cbox.ws/ZIGPLACE You can make the box much bigger by clicking this link ZIGPLACE - Cbox