The IQD Team Connection with LJ from LJ's Next Step Team Straight Talkin Mike, LJ, Diana & Debbie Investigate, Question & Deliver Tuesday, April 30, 2013 Replay of Conference Call
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News & Round Table Discussion Last Night With: Straight Talkin' Mike & L.J. of L.J.'s Next Step Team "THE IQD Team Connection"
Please listen to the replay in its entirety for all the latest CBI, Economy and Government News from Iraq
The I.Q.D. Team Connection News Coverage for Tuesday, April 30, 2013
CBI / ECONOMY
Parliamentary economy: investment environment, laws and single window impede investment in the country =======================================================
GOVERNMENT... Will Be Discussed on Our Call and Will Be Found Available at L.J.'s Next Step Team Skype News Chat Room.
News Article Links
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The IQD Team Connection along with LJ from LJ's Next Step Team Straight Talkin Mike, LJ, Diana & Debbie Investigate, Question, Deliver Conference Call Tuesday, April 30, 2013 8PM EST
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The IQD Team Connection with LJ from LJ's Next Step Team Straight Talkin Mike, LJ, Diana & Debbie Investigate, Question & Deliver Thursday, April 25, 2013 Replay of Conference Call
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Diana shared an update on Tariq, our friend from Iraq who came to the US in July 2012...He had some great news he wanted to share with us and our listeners.....Congratulations Tariq (Read all about Tariq and his journey here )
Another Great night of News & Round Table Discussion Last Night With: Straight Talkin' Mike & L.J. of L.J.'s Next Step Team "THE IQD Team Connection"
Please listen to the replay in its entirety for all the latest CBI, Economy and Government News from Iraq
The I.Q.D. Team Connection News Coverage for Thursday, April 25, 2013
CBI / ECONOMY
America poses new $ 100 "security strip" anti-fraud begins traded in October after two and a half delay due to technical defects when printing IPO announcement abundance in the Credit Bank of Iraq Deputy: the need to control the formation of committees to destroy the old currency in the implementation of the project to delete the three zeroes 2 General Directors within CBI to be referred to Integrity Commission, says Shiheli Economist asserts that the currency is increasing rapidly, but will turn into a burden if it is not invested
Central bank: There is no intention at this time to restructure the currency and delete the zeros =======================================================
GOVERNMENT... Will Be Discussed on Our Call and Will Be Found Available at L.J.'s Next Step Team Skype News Chat Room.
News Article Links
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The IQD Team Connection along with LJ from LJ's Next Step Team Straight Talkin Mike, LJ, Diana & Debbie Investigate, Question, Deliver Conference Call Thursday, April 25, 2013 8PM EST
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The "STRAIGHT TALK EXPRESS" Rolls Along again TONIGHT WITH THE NEWS FROM IRAQ ...8PM EST
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The IQD Team Connection with LJ from LJ's Next Step Team Straight Talkin Mike, LJ, Diana & Debbie Investigate, Question & Deliver Tuesday, April 23, 2013 Replay of Conference Call
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Another Great Night of News & Round Table Discussion Last Night With: Straight Talkin' Mike & L.J. of L.J.'s Next Step Team THE IQD Team Connection GREAT POSITIVE ECONOMY & CBI "SHABIBI" NEWS...MUST LISTEN TO CALL! Please listen to the replay in its entirety for all the latest CBI, Economy and Government News from Iraq
The I.Q.D. Team Connection News Coverage for Tuesday, April 23, 2013
CBI / ECONOMY
National currency paper damaged O our esteemed banks .. Solves her problem?
New restrictions imposed on sale of greenback in Iraq
Central independence required provided that accompanied the government oversight
Criticizes inch ready-dumping charges on others, as happened in the case of Shabibi
Fayez: sell the dollar through the passport will prevent him going into the hands of speculators on the black market
The end of the seventh .. International smart card will be
Parliamentary: the government handed amend the Tariff Act to the House of Representatives .. The coming days will be discussed
==========================================================================
GOVERNMENT... Will Be Discussed on Our Call and Will Be Found Available at L.J.'s Next Step Team Skype News Chat Room.
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The IQD Team Connection with LJ from LJ's Next Step Team Straight Talkin Mike, LJ, Diana & Debbie Investigate, Question & Deliver Thursday, April 11, 2013 Replay of Conference Call
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Another Great Night of News & Round Table Discussion Last Night With: Straight Talkin' Mike & L.J. of L.J.'s Next Step Team THE IQD Team Connection MORE POSITIVE CBI "SHABIBI" NEWS
Please listen to the replay in its entirety for all the latest CBI, Economy and Government News from Iraq
The I.Q.D. Team Connection News Coverage for Thursday, April 11, 2013
CBI / ECONOMY CBI confirms full independence in maintaining the Iraqi economy Mutlaq: Finance Committee discussed the proposals will contribute to creating a balance between the dollar and the dinar Central Bank Of Iraq .. Chalabi reveals smuggling for US dollar at CBI Appearance of Mohammed Saleh: No one knows what happens inside the Central Bank Shabibi: I heard it was dropping the charges me and wait for formal notification =======================================================
GOVERNMENT... Will Be Discussed on Our Call and available at LJ's Next Step Team News Skype Room
NEWS ARTICLE LINKS
What a great night of news, analysis and discussion - Listen to the call for all the rest of the news shared
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Highlights from Conference Call Thursday, March 28 - CBI Economy News Only
Thanks Brenda
Straight Talkin Mike & LJ
CBI/ECONOMY NEWS
LJ: I think this is a Great night of news..it is interesting if we can put these things together and we can amalgamate them where we can start to see the light at the end of the tunnel which I think we just might start seeing that glimmer of light and that is what I am hopeful for
Mike: There is alot going on over there - My hope is they can get these banking laws passed - if they can get these banking laws passed that will lay the groundwork for the banking system to truly truly get to the point where it can handle an increase in the value and there has been alot lately that we have seen in the news about the banking laws trying to get passed & my hope is that I am going to be looking for that in the next session that comes up....I am very excited about that - hopefully we can see progress in that area.
"The first forum of Iraqi economists opens its Saturday in Beirut"
Mike: Former Dr Shabibi attending - Great News - WOW - Unidentified Shabibi Siting - looks like everybody is there that is anybody and you notice what they are talking about - talking about the economy and how those oil contracts are going to be done and what those are going to mean to everybody and it seems to me this is an unofficial forum about how the economy is going to run and how they are going to divy up the oil and how they are going to do that - talking about the 140 and the implementation of that - they talk about the exploration of the fields that need to be done and developing the national oil company and all proceeds going into Bagdad and Kurdistan - extremely interesting
LJ: I think it is great - I look at it a little differently because I think of it with the government - you have the former head of the CBI Shabibi and other individuals there that have been part of Iraqs economy and getting it to where it is today... and could it be that the one they want gone Maliki may not be a factor going forward - why would they bring these guys back? We know why that is - they are the experts in the economy - we know they know how to bring Iraq to the future they will eventually have-interesting to me that they brought them in - that Shabibi himself is involved in this meeting and helping with where Iraq is going to go from here - like you said along time ago Mike Where is Shabibi - what is he doing? For us to see him now with what is going on politically and having this extraordinary session and open session for the next 2 weeks - When was the last time Iraq had an open session for 2 weeks? I don't think this has ever happened..... This is not to stir any excitement but Mike and I talked about it today and we both feel like something is in the air....
Mike: You have all of these people over there talking like somebody is not in the picture - talking about the things I like to hear about the oil revenues and how they are going to affect the economy - and My main man being there, Shabibi leading the discussions and then you come back and you say okay what have I been harping on - I have been talking about getting the banking & investment laws passed and what have we have read for the last 3 days that is what they have been talking about - now open session - I am excited to see what they will do with that because they can put some of these things under the table that would really give them an opportunity to get that solidified and then the elections will take care of the other issue we have and then we have a window of opportunity at that time
LJ: Our excitement is that could we finally possibly be seeing some movement of what we have been watching for - we are not excited about the end result yet because we believe there are a few more steps that need to take place - If you get rid of Maliki things will move really fast - that is what we have always said - We are excited to see the movement that coincides with possibly handling Maliki and if that happens we will be excited - If we see the banking laws, infrastructure, Amnesty etc passed during the next few weeks during the open session something is afoot
"Economist: cooperation of the Central Bank of Iraq with his French counterpart, will develop the country's financial system"
Mike: WOW - really WOW - where do I start? One of my biggest concerns was if the Central Bank wasn't being run by anyone who understood the monetary policy - I was correct - now we have Shabibi at an economic meeting- chairing it - then you have French Central Bank helping Turki to get his house in order to get the banking system in and one of the main reasons was to help him maintain their monetary policy so that they don't lose any more ground than they have already lost - For me THATS HUGE - I always said I wanted to know who was driving the bus and if the Central Bank is driving the bus then we are back on track to a certain degree - this signals to me that Maliki has no power over the Central Bank at this particular point in time and they are confident enough to move forward to try to get the banking sectors restructured they can go ahead and do something with that - It is a HUGE WOW - Its a Huge positive thing going on for us Trying to put into words how important this is to the whole process - the Central Bank being in charge and making sure they can take care of monetary policy - we have been talking about that for almost 2 months and the lack of whose in charge and now I am starting to see people who are in charge of the economy & monetary policy to take charge and take control - Why are they doing that now? #1 they need to- they don't want to have any more devaluation of any of their currency and thats locally and obviously they want to go ahead and move the revalue of that closer and you need to do that by pumping up the banking sector - absolutely wonderful news for my ears..........Very very positive
LJ: When you look at it from the standpoint of it showing the independence of the bank - that is probably more important than anything else - Maliki has had so much control over everything with the govt and controlling all aspects of it - from the military -to banking - interior ministry - being prime minister, taking away the communications sector and Allawis cousin - all of those things - you look at the independence of the bank and you finally see Turki has to follow the guidelines of what the IMF has set forth for him - we know for a fact we should become excited because we are starting to see the areas and the fact that Mamoud is being brought up on criminal charges - he is the guy who is in charge of the Supreme and Federal Court System Now they are going after him with the law - that will make independent the court system and the bank system when we start to see the formation of a government to work and do what it is supposed to do that is a reason for us to take hold of the current events that are happening - all of these things are not just happening by accident - I am excited to see the independence of both the bank and the courts because that is the way it should be
"During a meeting with a delegation from the World Bank, the Minister of Planning looking restructure Iraqi government banks"
Mike: Wow...Triple WOW...Very very important to note that the IMF wanted those 2 banks restructured - that was part of the deal to help them compete on a level where they needed to get themselves internationally competitive....all of a sudden the World Bank shows up with a checkbook and says here we are going to pay you to help restructure in the coming days..or in the near future - we need the banking sector to be pretty robust Why do we need the banking sectors? We talked about it earlier - they need to run these transactions and guarantees - Just on Tues we talked about the Letters of credit coming out and them guaranteeing those letters of credit and doing what they needed to do with those letters of credit Now you have the World Bank coming in saying we are cleaning that up - we are going to help you clean up the banking sector and to develop the banking sector....I guess my question is Why all of sudden right now? The answer is they need these banks to be in shape so they can start making money - how are the banks going to make money? They are going to loan money on these projects and eventually they are going to need that to add value to the currency and that banking system needs to go - thats the gasoline to the economy And we are over there in Beirut talking about the economy, oil, etc And then the Banks say to Mr Turki, Dr Shabibi tells me you don't know how to do what we have asked you to - So we are going to give you a hand to do what you need to do..... Its almost like he went to Jordan and this plan was laid out and we are starting to see it play out - This is why I am so excited about the open session being there - its sounds to me like we are going to see these banking laws get passed and those are laws that can be passed without having people being there....the banking laws are not politically motivated so it is easier to get these passed because they know that it is going to better the economy - everybody can agree on these very quickly - I am excited to see what will happen in the open session
Mike: What have we talked about in the news in the last few days CBI comes out with new instructions for the sale of the currency which was huge news Then we talk about the Letters of Credit and how we are going to guarantee things and guess what guys if You don't have product we are not going to guarantee it - we are clamping down on fake companies and everything coming in...then you have Part 2 World Bank comes out saying we are going to help you restructure the Rafidian- We read articles about it that they needed to do it and they were thinking about it - Now the World Bank comes in knocks on their door now saying I have a check for you to help you do this and we are going to help you get this done - Put that together with a huge economic meeting in Beirut talking about HCL and how we are going to run this economy and how we are going to support it - it leads me to believe that they are acting like Maliki is in check and they no longer believe he is an influence to this process to the point that they can get done what they need to get done
"Deputy: the deterioration of currencies Iran and Syria have contributed down the exchange rate of the dinar against the dollar"
Mike: Wow.....WOW.....Great article.....demand for the dollar has skyrocketed which is great for us because if I want you to start using the other currency I have to give you a reason to do it - I have to add value to it Think about what has happened in the last 3 days on the banking side - They have basically closed all of the holes that we can possibly can to Syrian and Iran - thats where all that money was going - that is where all those guarantees were going - well who knew then - Well Shabibi knew that from the outside and since he had that meeting in Jordan and Turki and the ministers came over and he laid out his plan on how they were going to stop this you've seen the auction numbers go down - you've seen everything come down and you have seen them do everything but stabilize the value inside the country with the dinar and now they are ready to do that because it is important for the people to have a stable dinar so they can add value sometime in the future I am excited to hear we have really cut those two entities out and they did it by keeping Maliki out of the Central Bank - once they were able to isolate him outside of that and I think that was done a couple of months ago when Dr Shabibi said Look you can play with whatever you want to play with but we have the goods on you here - and don't forget Turki was over there a week ago handing down some information what they needed to do
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HAVE A GREAT EASTER WEEKEND
Parliamentary Economic Committee: Amendments to the laws of producer and consumer protection tariff and according to free-market policies
Ali Abdullah - 03/11/2013 - 11:07 AM | Readers: 11
Declared a member of the Committee on the economy and investment MP / coalition in Iraq / Nora البجاري, of its intention to amend the important economic laws such as the protection of the domestic product and consumer protection and tariff in accordance with the requirements of the free market. She البجاري in a press statement: The Ministry of Commerce held a symposium with experts and specialists and a number of MPs to discuss the amendment of the three laws of economic (protect the national product and consumer protection and tariff), in accordance with the policy of a free market economy.
She added: that the Law on the Protection of the local product now exists in the economic and investment commission and will begin modifying parliamentary form of supporting the national economy and local industry, to be submitted to the Presidency of the Council of Representatives and a vote. / End SOURCE
Suspicious figures in the Iraqi cabinet allocations for 2013
On March 11, 2013 i
BAGHDAD / News Network Iraq - revealed a leaked document from the Council of Ministers on Monday, for table expenses allocated to the Iraqi cabinet for the current year 2013 and amounting to total three trillion, three hundred and twenty-two billion, six hundred and ninety-eight million, and this "huge sum and exciting suspicious exceed budget states," With comes parties and the amounts allocated to each of them ...
1 - Cabinet Secretariat ninety-four billion, seven hundred and forty-three million
2 - Presidency of the Council of Ministers nine hundred and three billion and seven hundred and one million dinars
3 - Office of the Deputy Prime Minister for Energy, four billion and three hundred and eighty-one million dinars
4 - Office of the Deputy Prime Minister for Economic Affairs eight billion, seven hundred and forty-eight million dinars
5 - Office of the Deputy Prime Minister for Services Affairs eight billion and five hundred and sixty million dinars
6 - Security Council for national Nine Ashrmilira and eight hundred million dinars
7 - Iraqi Commission for control of radioactive sources, three billion, six hundred and twenty-one million dinars
8 - Shiite Endowment six hundred and forty-six billion, six hundred and twenty-two million dinars
9 - Office of the Inspector General of the Shiite Endowment four billion, nine hundred and three million dinars
10 - Sunni Endowment five hundred and forty-six billion, six hundred and twenty-two million dinars
11 - Office of the Inspector General of the Sunni Endowment four billion, nine hundred and three million dinars
Comment
No stranger to the government of Nouri al-Maliki in its insistence on installing figures annual budgets for the Iraqi Council of Ministers as exciting for suspicion, and no stranger to the Iraqis that Iraq remains in place Advanced corruption globally, and this insistence is due to protect someone Maliki corrupt, but Maliki is not considered theft of public money through circumvent legal in annual budgets that go mostly to their pockets bulging "corrupt" but considered "deserving national" calculated on the amount of time when they were on the road pavements in Iran and the Diaspora other, one of brought the Iraqi state institutions to the state deficit to eliminate the scourge of corruption and waste of funds Location of all facilities, this corruption boosted privations Iraqi people deteriorating already, that proved the government's inability to reduce the phenomenon of dissipation of public money to make Iraq sits on the throne of corruption globally and the tenth year in a row, but there growing in strength corrupt thanks to protect Maliki and evidence many who want to get in this subject, but I went Maliki government in laying the foundations and means to defend the rampant corruption that effects of corruption through the numbers assigned that will lead to a lack of opportunities and the deterioration of the economy and standard of living of the Iraqi people as well as alienated local investments and global Iraqi economy, which is desperately needed , in addition to Iraq from countries classified as "transparency" because of lack of knowledge and inform the Iraqi people on four important documents concerning the ratification of the annual budget, namely: -
- The first document before preparing the budget a report on the (strategic budget) which includes display Oھdav economic and fiscal policies of the government on the medium and long term, as shown in "revenue projections, expenditures and deficit or surplus and debt (for two or three), which shall be published at least one month of the draft budget. "
- The second document is the "monthly reports that show the progress in the implementation of the budget, as must be issued within (three weeks) from the end of each month," which includes "amounts of revenues and expenses each month and how long it passed a year until the date of the preparation of reports and must compared numbers Pmaھo expected of monthly income and expenditure, should also include information about the activity reports government Olaguetradi ".
- The third document, which must be consulted by the public opinion a "mid-year report, which provides" a comprehensive overview of the implementation of the budget and budget performance for the current year and for the two fiscal years following, at least, must be issued within six weeks from the end of the first half of the financial year ", which includes "comprehensive discussion of financial assets and liabilities government and non-financial assets and pensions and allowances of emergency." and that "disclosure of the impact of any government decision, or any other circumstances that would materially impact on the budget." The report comes at the end of the year
- The fourth document is "basic document accountability to the government and must be subject to scrutiny by the highest institution in the field of auditing and issued within six months from the end of the financial year." So annual report shows "the extent to which the level of income and expenditure approved by Parliament in the budget or moved away from the budget of origin during the year," and must "provide a formula corresponding to provide the budget." Report also includes "documents related to the performance change and financial goals actual results Completed, and display total expenditure data formats and deduct income and the cost of the ad hoc users clearly, "as well as" data tunnels by the administrative body, and a comprehensive discussion of the assets. "
Our question to the government and members of the Iraqi parliament Are the above actions have been taken by you or to stay the process of approving the annual budgets are among the "consensus and majority"? SOURCE
Governor of Erbil: trade volume of the region amounted to $ 20 billion in 2012
Editor: HL Monday, 11 March 2013 09:32 GMT Nawzad Hadi Alsumaria News / Baghdad
Arbil governor Nawzad Hadi, Monday, that the volume of trade exchange for the Kurdistan region with other countries amounted to $ 20 billion over the past year, pointing to the unstable security conditions and the economic boom make Erbil commercial center of Iraq.
Nawzad Hadi said at a news conference attended by "Alsumaria News", that "the volume of trade exchange for the Kurdistan region with other countries reached $ 20 billion in 2012," noting that "the largest percentage of the amounts mentioned dedicated to the import needs of the citizens."
Hadi pointed out that "the unstable security conditions and the economic boom in the region, making the city of Arbil, the commercial center of Iraq, after Baghdad was previously a commercial center, where she was eyes of merchants adults are always the like."
The governor of Erbil, said "big companies pay great attention to the Kurdistan Region, and is investing large sums of money in the markets of the region."
And associated Iraq with neighboring countries through 13 outlet border, in addition to five ports and air five ports freely and is considered an outlet newborn and Rabia with Syria, and port Trebil with Jordan, and port Arar with Saudi Arabia, and an outlet Shalamjah and Mundhiriyah with Iran, and port Abraham linking Iraq to Turkey from the main border crossing points. SOURCE
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