The stock market announces the launch of the circulation of national bonds issued by the Central Bank of Iraq

[ChuckFinley]

Thanks Yota, ending a long week.  

[yota691]

Finance sets a date for the payment of receivables of contractors

 

 Since 2018-04-19 at 11:25 (Baghdad time)

Special Mawazine News

Ahmed Hamad, vice president of the union, said Thursday that the Ministry of Finance decided to transfer the financial dues of the contractors to the provinces starting from next Sunday.

Hamad said in an interview with Mawazin News that "after negotiating with a delegation headed by the Iraqi Contractors Union with the Ministry of Finance has been decided to pay the dues of contractors," adding that "the transfer of funds will begin from next Sunday."

He added that "50% of the amounts will be transferred to the incomplete provinces priorities, 100% of the provinces full priority, and 30% will be transferred to the Central Bank."

Hamad pointed out that "the tax imposed on contractors will be excluded in the decision 347 issued by the government as these companies lost because of forcing the government to stop."

On Wednesday, dozens of contractors left for a demonstration in front of the Ministry of Finance demanding payment of their dues

[yota691]

On 4/16/2018 at 5:30 PM, Donziman said:

Does this mean if i did work for you a year ago and am finally getting paid it will be cut by 30 percent.

Nope...

[Butifldrm]

• Sweetened

Parliamentary Finance: 40,000 employees have been working in contracts since 2008

14:32 - 21/04/2018

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Information / Baghdad ..

The parliamentary Finance Committee revealed on Saturday that there are more than 40,000 employees working in the form of contracts since 2008 without their installation, accusing the current and previous governments not to "take into account" their circumstances.

"More than 40,000 employees have been working on the contract system since 2008," Majida al-Tamimi, a member of the committee, said in a statement. "Previous governments have not taken into consideration the conditions and circumstances of these people over the past 10 years."

Al-Tamimi warned the Ministry of Electricity of "exposure to the demonstrators of the owners of contracts," asserting that "the demonstrations are a peaceful right guaranteed by the Constitution and that the demonstrators exercise their constitutional right after the official time."

Al-Tamimi pointed out that "the parliamentary financial and energy committees are closely following the contracts and will not remain silent until they are installed." Ending / 25 h

http://www.almaalomah.com/2018/04/21/302743/

 

[mr.unlikely]

This is great, 100% of the time we'll pay you 50% of the time and 30% of what we owe you, every time.

[10 YEARS LATER]

On July 19, 2017 at 4:24 PM, pokerplayer said:

 

Now to answer SG's question..................

 

Does an Acre of Hilly Land Contain More Land Than an Acre of Flat Land?

by Michael Snyder

Summer 2008

June 1, 2008

11 Comments

 

Every acre contains the same measure of land regardless of whether it is steep, bowl-shaped, or the Great Plains. This is due to long-standing conventions of land surveying and accepted procedures for determining ownership boundaries. There is definitely a catch, however, in that not every measured acre contains the same amount of ground surface. In other words, you’d need a bigger quilt to cover an acre of Vermont than you’d need to cover an acre of Kansas.

But they don’t measure an acre by measuring the size of the quilt needed to cover it. An acre is a two-dimensional measure of land area. Originally, it was the amount of land that could be plowed by a team of oxen in a day. In fact, the acre had specific dimensions because of this. It was a rectangle, whose length was determined by the distance the oxen could plow before needing a rest. This furrow-long distance became the furlong, which was equal to 40 King’s rods (660 feet to commoners like us). That determined the long side of the rectangle, and the short side of this one-acre rectangle was 4 rods (66 feet). Multiply these to get 43,560 square feet of area.

Still today, an acre is fixed at 43,560 square feet. If a particular one-acre parcel happens to be in the shape of a perfect square, its sides would be 208.71 feet each. But an acre need not be square. It is fixed at 43,560 square feet but has no specific length, width, or shape. The number and length of its sides can be anything, just so long as the total area they bound equals 43,560 square feet. If you wanted to create a one-acre rectangular parcel of land with one side a mile long, then it would be 8.25 feet wide.

Whatever the shape of a parcel – or the topography of the land it contains – surveyors calculate its acreage based on a common surface, using basic geometry (whose Greek root words mean earth measure). And while it is possible to account for the curvature of the earth in land surveying, most boundary surveys for parcels less than a few hundred square miles use plane surveying. That is, the portion of the earth being measured is considered a horizontal plane.

By convention, then, land area is measured on a two-dimensional common surface plane projected onto the ground. So even in hilly terrain, the acre is measured as if the hill were cut off at the horizontal, parallel to the horizon. In practice, this means that property boundary lines are not measured as the true ground distance between two points on the ground, be they iron rods, stone bounds, or rock piles. Instead, boundary lines are typically measured as the horizontal distance between those two points. In the woods, if you measure distance along the sloped surface, you can either hold the tape horizontal at all times when recording distances or measure the slope distance and angle and then later apply a correction to reduce this slope distance to the horizontal distance.

Because the sloped line that runs along steep ground is longer than a horizontal line above the ground between the same two points, an acre of hilly land does have greater surface area than would an acre of flat land. For instance, a hypothetical acre that had a uniform 15 percent slope would have approximately 1.12 percent more surface area and would require a quilt that measured 44,047.8 square feet. Does this mean that the sloped land will have more trees or wood volume per acre, because it has more surface, and trees grow on the surface?

Maybe. If greater slopes have greater surface area per acre, it stands to reason that an acre of decent forest soil on a moderate slope would contain more trees and produce greater yields per acre than a similar acre of flat forest. This would make even more sense if tree establishment and growth were driven only by surface-related factors. But other factors are also at work, and tree growth is driven – and often limited – by sunlight and precipitation. 

Perhaps the more important feature of sloping land is the direction it faces – its aspect or orientation – because that influences the amount of sunlight the acre receives. This, in turn, indirectly governs other related factors such as air and soil temperature, precipitation, and soil moisture – all of which are important for the establishment and growth of plants. So as land is measured, an acre on a hill would be the same size as, but would have more surface area than, a flat acre. But surface area alone does not determine which acre would have more trees.

Michael Snyder is the Chittenden (Vermont) County Forester.

 

Ask a Soldier or a Marine that question - They'll tell you there's a lot more to an " acre " whether it's Hilly or Flat. It comes with a " 1000 yard stare " earned with Blood, Sweat & a Tear or 2.

[yota691]

The release of contractors' entitlements is an important step for the success of the construction campaign

22/4/2018 12:00 am  Baghdad / Farah Al-Khafaf The   release of contractors' dues is an important step in the construction and reconstruction phase that the government has started after the victory over the terrorist gangs, where the release of dues is an important step in moving the labor market.  The Prime Minister, Dr. Haider Abadi, has launched a new meal of the amounts allocated to the contractors, as a statement by his press office that "on the instructions of the Prime Minister, Dr. Haider Abadi, Minister of Finance Agency, was released all amounts allocated according to the national bonds of contractors and by 30 percent According to the federal budget law for the year 2018 and all provinces and ministries and bodies not associated with the Ministry. Investment again The economist Saad al-Fayyad said in a statement to the "morning" this step, saying: "It will pay contractors and owners of companies to invest again,". "The fulfillment of the promises by the government and the payment of its compensation to the contractors will move the labor market again and will provide opportunities for the unemployed," he said. The move to release new contractors, coinciding with the launch of the government launched a large campaign for construction and reconstruction. Ascending line and in this regard confirms the real estate expert Saad Zidane "morning", that " the construction and reconstruction campaign began to take the ascending line, especially after the indication of the Prime Minister to implement projects  important." Zidane also noted that "the campaign is going well in Mosul and some liberated cities and areas of the center and south," expected to escalate with the near arrival of funds allocated by the countries of the Kuwait Conference on the reconstruction of Iraq. The pledges made at the Iraq Reconstruction Conference recently hosted by Kuwait amounted to $ 30 billion, provided by 76 countries and regional, international  and local organizations. Urban reality The Minister of Construction, Housing and Public Municipalities, Dr. Anne Nafie Aussi, discussed with the delegation of the French expertise agency in the field of reconstruction to enhance cooperation between the two countries in the implementation of urban projects and infrastructure and contribute to the reconstruction of liberated areas and all governorates. For the entry of French and foreign companies to Iraq in order to promote an advanced urban reality.  Aussie said, according to a statement received "morning" a copy of it, that "the ministry continues its service efforts in the liberated provinces and the rest of the provinces to improve their service  and urban reality  ."  "The ministry is working to develop its technical capabilities through the participation of international companies and the transfer of the experiences of developed countries in the field of reconstruction and services to improve the level of urban and service in line with the requirements of the current phase of the country."  For his part, the delegation expressed the readiness of French companies to enter the Iraqi market and the implementation of investment projects in the field of urban, indicating that the French companies have the potential and capabilities to implement large strategic projects in various sectors of infrastructure and completion in accordance with the latest technical specifications and timings.

[ChuckFinley]

Releasing entitlements is pretty important if you want others to follow and grow your country  . 

[yota691]

Finance undertakes to pay all receivables of contractors

25/6/2018 12:00 am   BAGHDAD / Tariq al-Araji The  Ministry of Finance pledged to resolve the debts of contractors to the government this year, through the provision of funds allocated for that, while revealed the status of treatments for freezing accounts and balances of self-financing companies.  An official source in the ministry, in a statement singled out by the «morning»: «Prime Minister Haider Abadi directed the need to resolve the file of debts of contractors government, during the current year, noting that« the Ministry of Finance prepared a plan to complete this file in coordination with the ministries and relevant authorities After the allocation of sufficient amounts ».  He added that «the ministry has succeeded during the past period to hand over contractors 30 percent of outstanding debt, while the delivery of 40 percent of them is expected to see the fourth quarter of this year, the delivery of the remaining 30 percent of that debt," noting that "the ministry allocated what Nearly trillion and 625 billion dinars to complete this file. "  Regarding the self-financing companies, the source confirmed that "the ministry has put in place the treatments and the auditing of the freezing of accounts and balances of self-financing companies and submitted its report on this matter to the Economic Committee in the Council of Ministers for approval.

[yota691]

Abadi resolves the debts of contractors during the current year

 

money and business Economy News _ Baghdad The Ministry of Finance pledged on Monday to resolve the debts of the contractors by the government this year by providing the funds allocated for this at the direction of Prime Minister Haider Abadi, as revealed the status of treatments for freezing accounts and balances of self-financing companies. The official newspaper "Sabah" quoted an official source as saying that "Prime Minister Haider al-Abbadi directed the need to resolve the file of debts of contractors with the government, during this year," noting that "the Ministry of Finance prepared a plan to complete this file in coordination with the ministries and related parties after the allocation Sufficient amounts ". The source added that "the ministry has succeeded during the past period to hand over contractors 30 percent of outstanding debt, while the delivery of 40 percent of them is expected to see the fourth quarter of this year, the delivery of the remaining 30 percent of that debt," pointing out that "the ministry allocated Nearly trillion and 625 billion dinars to complete this file. " In regard to self-financing companies, the source confirmed that "the ministry has put in place the treatment and audit of freezing the accounts and balances of self-financing companies and submitted its report on this matter to the Economic Committee in the Council of Ministers for approval."  Views 32   Date Added 25/06/2018

[yota691]

Ministry of Finance reveals the date of payment of all debts of contractors

Editorial date: 2018/6/25 8:15 • 554 times read

{International: Euphrates News} The Ministry of Finance revealed the date of the settlement of the debts of contractors to the government this year, through the provision of funds allocated for it.

An official source in the ministry said in a press statement that "Prime Minister Haider Abadi directed the need to resolve the file of debts of contractors with the government, during the current year, noting that" the Ministry of Finance prepared a plan to achieve this file in coordination with the ministries and related parties after the allocation of sufficient amounts " 
He added that" the ministry has succeeded during the last period to hand over contractors 30 percent of outstanding debt, while currently being delivered 40 percent of them is expected to see the fourth quarter of this year delivery of the remaining 30 percent of that debt, "pointing out that" the ministry Nearly one trillion and 625 billion dinars were earmarked for this The file. " 
With regard to self-financing companies, the source confirmed that"

[nannab]

Thank ya Yota and good morning DV 

[yota691]

Planning sets a bank commission for liquidating government bonds

 

Ministry of Planning Building

money and business Economy News Baghdad The Ministry of Planning announced on Tuesday a bank commission for liquidating government bonds, noting that the commission will not exceed 0.2% of the value of the bond. The Director General of the General Government Contracts Department of the Ministry, Azhar Hussein Saleh, in a statement seen by "Economy News", "The Department issued a general to the contractual formations in the ministries and entities not associated with the Ministry and all provinces of a bank commission for the liquidation of government bonds, To charge a bank commission against the liquidation of government bonds granted to the contractors for their dues not more than 0.2% of the value of the bond. Saleh added that "the government banks will provide a financial intermediary service on behalf of the Central Bank of Iraq, starting from the fiscal year 2018," noting that "the procedures will be adapted through the boards of government-related banks in accordance with the directive." On April 10, 2016, the central bank announced the approval of the financial crisis cell for its proposal to issue government bonds to pay the debts of contractors and processors to state institutions. Views 9   Date Added 03/07/2018

[yota691]

Planning sets a bank commission for liquidating government bonds

 

Tuesday 3 July

 

Alsumaria News / Baghdad announced that the Ministry of Planning, Tuesday, for developed banking commission for the liquidation of government bonds, noting that the commission will not exceed 0.2% of the value of the bond.  The director general of the General Contracts Department of the ministry Azhar Hussein Saleh in a statement received Alsumaria News a copy, "The Department issued a general to the contractual formations in the ministries and entities not associated with the Ministry and all provinces of a bank commission for the liquidation of government bonds that the government banks only to take a bank commission In exchange for the liquidation of government bonds granted to the contractors for their dues not more than 0.2% of the value of the bond.     Saleh added that "the government banks will provide a financial intermediary service on behalf of the Central Bank of Iraq , starting from the fiscal year 2018," noting that "the procedures will be adapted through the boards of government-related banks in accordance with the directive."  On April 10, 2016, the Central Bank announced the approval of the financial crisis cell for its proposal to issue government bonds to pay the debts of contractors and processors to state institutions.

[Butifldrm]

Planning sets a bank commission for liquidating government bonds

 

 

17 views

03/07/2018

Baghdad 
, the Ministry of Planning, on Tuesday, the status of a bank commission to meet the liquidity of government bonds, noting that the commission will not exceed 0.2% of the value of the bond.

The Director General of the Department of Public Contracts Ministry of the Ministry Azhar Hussein Saleh in a statement received "direction" a copy, "The Department issued a general to the contractual formations in the ministries and entities not associated with the Ministry and all provinces for a bank commission for the liquidation of government bonds that the government banks to take a commission Bank against the liquidation of government bonds granted to the contractors for their dues not more than 0.2% of the value of the bond.

Saleh added, "The government banks will provide a financial intermediary on behalf of The Central Bank of Iraq, starting from the fiscal year 2018, "noting that" the procedures will be adapted during the governing boards of government-related banks in accordance with the directive. "

zm 

http://aletejahtv.com/archives/238217

[yota691]

Capital movement

18/7/2018 12:00 am  Haidar Kazem al-Baghdadi  Money is the key to the banking sector, which is the cornerstone of the economic development process adopted by global economies around the globe. The activation of the movement of money in Iraq is a necessity for the resulting direct and indirect benefits to all sectors, hence the importance of the movement of capital within the domestic banking system, which would prefer to be a capital cycle within the country.  When the Council of Ministers decides to spend 40 percent of the dues of the contractors, he sent hope to the banking sector to activate the financial activity within the financial institutions, which represent the movement of money.  This ratio extends beyond the banking system. It strengthens the confidence between the government and the private sector effort of "companies or contractors", which is of great benefit to the national economy, especially after the task of managing the national economy to the private sector. Strengthening the market with new capital that strengthens the working reality and moves the local markets into a new stage of activity that requires him to communicate with the advanced financial products needed by the field of work and international companies, which requires large financial movements through sophisticated banking products.  The entitlements of contractors in case of disbursement will work to develop the reality of the economy, where the private sector will move towards the implementation of new projects benefiting from the capital, which entered the market and moved joints, and dealt with many problems suffered by the field of local work.  And when we talk about attracting money buried in homes, we are talking about a large financial bloc change the reality of the movement of money inside Iraq, especially as estimates of experts and stakeholders confirm the existence of more than 85 percent of the size of the Iraqi currency is confined to homes. The movement of the bloc in the direction of the banking sector is necessary and leads to the creation of a banking sector developed, through competition in the field of work, which in all cases serve the national economy, after the expansion of financial transactions and the introduction of advanced systems provide services to beneficiaries in all regions of Iraq without exception .  The country needs to activate the movement of capital to move the labor market and create a state of competition between our banks in the provision of services and thus have created a banking sector competing with regional banks at the very least.

[3n1]

8 minutes ago, yota691 said:

85 percent of the size of the Iraqi currency is confined to homes.

 

looks like whats turned in is going to be what the bank gets , 85% in homes , me think the lure to get the outside money in has done what it can guess the lotto iqd bank giveaways and other banking tricks drew in what it could ...time to move the currency reform forward now ... cheers

[nannab]

  

Thanks Yota and good evening DV. 

[yota691]

  Iraqi Trading Company launches an investment portfolio in dollars and another segment

 

Logo of the Iraqi Trade Bank

Banks Economy News Baghdad The Iraqi Trade Bank revealed on Sunday the imminent launch of an investment portfolio in dollars and another segment linked to Iraq's foreign bonds, which achieved unexpected results, pointing to signing a contract with General Electric to finance the Ministry of Electricity. "The bank has signed a contract to finance the Ministry of Electricity with GE to improve the energy situation in the country," Faisal Al-Himes, general manager of the bank, said in an interview with Al-Zaman newspaper. "Two portfolios are under construction, Investment in dollars and other fragmented linked to foreign bonds launched by Iraq and made amounts exceeded all expectations. " He pointed out that "the leading role reached by the bank prompted international and regional banks to provide facilities and credit ceilings reflected on ministries and government departments and the import of needs in a similar manner to the term," explaining that "past experiences have contributed significantly to the development of the work of the bank and the status of advanced among international banks "He said. "The bank has been able, during the period of restoring confidence to the citizen by issuing different products that benefit both parties and also keep the money from being stolen or burned." Views 403   Date Added 07/29/2018

[Synopsis]

1 hour ago, yota691 said:

Two portfolios are under construction, Investment in dollars and other fragmented linked to foreign bonds launched by Iraq and made amounts exceeded all expectations. "

He pointed out that "the leading role reached by the bank prompted international and regional banks to provide facilities and credit ceilings reflected on ministries and government departments and the import of needs in a similar manner to the term," explaining that "past experiences have contributed significantly to the development of the work of the bank and the status of advanced among international banks "He said.

"The bank has been able, during the period of restoring confidence to the citizen by issuing different products that benefit both parties and also keep the money from being stolen or burned."

 

Hmmmmmm................................I dunno, folks. To the untrained eye that I am, it sure looks like the Bicraqi Iraqi have been given the “Green Light” on some MONETARY issues here!!!

 

              

 

I wonder if (and I repeat - I wonder if) the “fragmented linked to foreign bonds” is denominated in the other SDR basket of currencies which are the Euro, British Pound, Japanese Yen, and Chinese Yuan (along with the USD noted here). If so, this could be a reference to Iraq intending to ReInstate it’s currency pegged on the SDR basket of currencies instead of solely the USD. To me this suggests unparalleled unfettering of Iraq’s monetary policy and CBI independent actions.

 

The “lending role” “prompted international and regional banks” “credit ceilings” makes me wonder if a major credit agency is about to give Iraq an international investment credit worthy rating.

 

So, in all this international talk, they throw in “bank has been able” “restoring confidence to the citizen” “ ALSO keep the money from being stolen or burned”. Wuz Up with ALL THAT???!!!

 

Just my conjecture, thoughts, opinion, and  for whatever THAT is worth!!! Maybe I am highly misinterpreting this article and I am way, way off!!! CAVEAT EMPTOR, Reader!!! 

 

In The Mean Time.........................................

 

Go Moola Nova (YEAH AND YEE HAW, BABY, READY WHEN YOU ARE BROTHER (OR SISTER) - LET ‘ER BUCK!!!)!!!

   

[jg1]

15 minutes ago, Synopsis said:

ALSO keep the money from being stolen or burned”. W

ALSO, keep the money from being stolen or burned. They left out, or being used for toilet paper 

[ChuckFinley]

1 hour ago, Synopsis said:

 

Hmmmmmm................................I dunno, folks. To the untrained eye that I am, it sure looks like the Bicraqi Iraqi have been given the “Green Light” on some MONETARY issues here!!!

 

              

 

I wonder if (and I repeat - I wonder if) the “fragmented linked to foreign bonds” is denominated in the other SDR basket of currencies which are the Euro, British Pound, Japanese Yen, and Chinese Yuan (along with the USD noted here). If so, this could be a reference to Iraq intending to ReInstate it’s currency pegged on the SDR basket of currencies instead of solely the USD. To me this suggests unparalleled unfettering of Iraq’s monetary policy and CBI independent actions.

 

The “lending role” “prompted international and regional banks” “credit ceilings” makes me wonder if a major credit agency is about to give Iraq an international investment credit worthy rating.

 

So, in all this international talk, they throw in “bank has been able” “restoring confidence to the citizen” “ ALSO keep the money from being stolen or burned”. Wuz Up with ALL THAT???!!!

 

Just my conjecture, thoughts, opinion, and  for whatever THAT is worth!!! Maybe I am highly misinterpreting this article and I am way, way off!!! CAVEAT EMPTOR, Reader!!! 

 

In The Mean Time.........................................

 

Go Moola Nova (YEAH AND YEE HAW, BABY, READY WHEN YOU ARE BROTHER (OR SISTER) - LET ‘ER BUCK!!!)!!!

   

As I was reading the aticle I was thinking along those lines also.  One of my sscenarios was that the dinar would be tied to the SDR and even mentioning it is making this sound even better. 

[Synopsis]

4 hours ago, jg1 said:

ALSO, keep the money from being stolen or burned. They left out, or being used for toilet paper 

 

2 hours ago, ChuckFinley said:

As I was reading the aticle I was thinking along those lines also.  One of my sscenarios was that the dinar would be tied to the SDR and even mentioning it is making this sound even better. 

 

 JG1 and ChuckFinley, AND The Best Of The Rest Of Your Weekends!!!! 

 

Go Moola Nova!

[yota691]

Agreement for the development of public and private sectors

30/7/2018 12:00 am  Signed by Al-Jumaili with the Union of Arab Engineers  Baghdad / Sabah   The Ministry of Planning signed with the Union of Arab Engineers a cooperation agreement to achieve the objectives of the field of development planning to contribute effectively to support the national efforts of the public and private sectors. "Minister Salman Al-Jumaili and Secretary-General of the Union of Arab Engineers Adel Al-Hadithi signed a joint cooperation agreement to achieve the objectives of the field of development planning and to actively contribute to support the national efforts of the public and private sectors," said a statement issued by the ministry. "The Iraqi Engineers Syndicate has prepared and arranged this agreement." The statement said that the agreement comes from the ministry's keenness to extend the horizons of cooperation in all aspects of professional development by developing the legal, technical and advisory professional capacities of its employees, developing the international arbitration method and striving to achieve the goals in the field of development planning and contributing effectively to the development of the public and private sectors. In improving the basic requirements for   planning. " The two sides agreed on joint cooperation in accordance with the memorandum of cooperation and in conformity with their functions and competencies through the establishment of courses, workshops and seminars in the field of international arbitration at the national and regional levels, preparing accredited Iraqi arbitrators and any other field of cooperation.

[ChuckFinley]

6 hours ago, Synopsis said:

 

 

 JG1 and ChuckFinley, AND The Best Of The Rest Of Your Weekends!!!! 

 

Go Moola Nova!

Same to you my friend.