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Butifldrm
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Posts posted by Butifldrm
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This is outrages to think that Mr.O is closing 9 stations throughout northern and central Texas.
This will definitely put the community at risk for the cartel to move in quicker, much less the immigrants.
This will lessen the security presence of the patrol agents in the area. Lives are a stake.
The predominately Hispanic community that surround the Texas border better open their eyes to what Mr.O is doing to endanger their lives.
If their smart they will Vote him out this term.
Thanks Delta for the post.
patty, Obama hates Texas. He has done some really down dirty things to our state and I have a feeling he will continue. A few years back Perry made the statement that "Texas could Secede from the Nation" http://current.com/community/89972097_texas-gov-rick-perry-threatens-to-secede-from-nation.htm. Since, Obama has tried to rake havoc on our state.
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looking for a article about the arrival of a lot buses!! that i saw earlier
Read more:
I read this earlier yota. Not sure if it's the same one you are talking about?
Buy 800 buses with two layers to support the transport sector
15/07/2012 0:00
A committee to develop an integrated system of mass transport in the whole country, Baghdad morning preparing the Ministry of Transport of the contract to buy 800 buses with classes to support the sector mass transport in the provinces. This comes at a time when the ministry announced the formation of a joint committee comprising all stakeholders to develop an integrated system for transport across the the country. and Transport Minister Hadi al-Amiri's (Center Brief for the Iraqi Media Network) on the sidelines of the inauguration of garage nation in the eastern section: that the ministry's plan includes the rehabilitation of all garages passenger in Baghdad and other attributes of a modern, adding that the ministry is preparing to sign a contract to import hundreds of buses of classes as well as activating the project taxi river to exploit the basin of the Tigris in Baghdad, as a first stage in the transfer of people between areas of the capital. He said the plan aims to address the phenomenon of Zhamat traffic experienced by the streets of Baghdad and the provinces, stressing that he was forming a committee at the request of the Ministry of Transport has in membership and ministries of interior, trade, financial and other stakeholders to conduct a study to develop an integrated system for traffic across the country and how to activate and expand mass transit in the public and private sectors. For his part, General Manager of passenger transport and delegations of the ministry Dr. Adel Al-Saadi on the sidelines of the opening ceremony, The expanded meeting was held at the headquarters of the ministry a few days ago included the Directors-General and Director of Alba House, contributing between Iraq and Jordan focused on the issue of importing more than 800 bus with two layers to be distributed evenly between Baghdad and the provinces, recalling that his company currently operates about 70 buses similar in selected areas of Baghdad . to that, said General Manager of Transport on the ministry's Abdullah and coffee in a similar statement that the car park of the nation next to the Monument of Liberty was completed specification modern area of 5 thousand square meters and accommodate vehicles of mass transport to the private sector working more than 14 lines covering the areas of Karkh and Rusafa, pointing out that the garage is one of the 40 garage next door is currently being implemented stages of rehabilitation financed by the revenues the company's self, stressing that the end of this year will see the rehabilitation of most of the garages in Baghdad and the districts and provincial centers, which reached the percentage of completion where as 90 percent, along with building stations of the international transport passengers in each province.
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Shahristani asks Ministry of Finance to deduct damage caused by non-delivery of Kurdistan Region's oil from region's share
15/07/2012 15:11
ERBIL, July 15 (AKnews) – Iraq's Deputy Prime Minister for Energy Hussein al-Shahrstani sent a letter to the Ministry of Finance to deduct the damage caused by the non-delivery of the Kurdistan Region's oil from the region's budget, said Shahrstani’s spokesperson.
The region halted exporting oil in April as a reaction against Baghdad's decision not to pay the foreign companies that were investing in the region’s oil sector.
Spokesman Faisal Abdullah said: "This year's budget obliges the Kurdistan Region to deliver the oil produced in the region in exchange for 17 percent of Iraq's budget."
The Kurdistan Regional Government announced earlier that Iraq must pay $1.5bn as receivable to companies producing oil in the region. Baghdad however accepted to pay $560m.
Shahristani asks Ministry of Finance to deduct damage caused by non-delivery of Kurdistan Region's oil from region's share
15/07/2012 15:11
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Monetary policy and its arms of future
15/07/2012 0:00
D. The appearance of Mohammed Saleh
to hide that the monetary policy adopted by the Central Bank of Iraq Adhiraa of Foreign Affairs of less importance for their instruments of Interior in meeting the objectives of that policy in maintaining economic stability and reducing inflation and the deepening of financial stability, which is in the interest of economic development of the country.
On this basis, the opening up of the Central Bank Iraq on the international financial system and integration into one of the most important challenges faced by the monetary policy since 2003 after the lifting of economic blockade of direct and edit the Iraqi assets frozen in the banking world, to begin rebuilding the reserves, the Iraqi Central Bank's foreign currency which is the cover of the national currency and a source of stability Iraqi dinar through exchange rate stability and build equilibrium value of external dinars.
Based on the foregoing, and the fact that the Iraqi Central Bank State Bank and the financial adviser and trustee of public funds as provided for in its law No. 56 of 2004, has been able to the Iraqi Central Bank to manage the country's resources of oil and other sources of foreign currency through the administration of the Development Fund for Iraq that fund which was established by Security Council Resolution 1483 in May 2003 and especially since it took over Iraq's sovereignty after 28 / June / 2004.
terms associated with managing such a fund is closely linked to the budget of the Federal to the country of the fact that oil is a supplier of President of the budget and by more than 90 percent as well as to spend the country's foreign currency comes from the fund, and the rate may increase to 95 percent of the inflows and oil as is well known is about two thirds of the GDP of the country.
and that this administration has taken a sometimes another after entry into force of the Security Council resolution 1956 for the year 2010 and the end of the international protection money to the Development Fund for Iraq on 30 / June / 2011. On this basis, promised Resources Development Fund for Iraq linked to the balance sheet of the Central Bank of Iraq and monetary policy, two-way: -
First: items in the balance sheet of the Central Bank
as the Central Bank shall replace the liabilities represented by the Iraqi dinar to meet the foreign currency received from the fund to finance the expenses of the government of the Interior, where represents the accumulation of such foreign currency reserves, Iraq's international or the cover of the national currency which is used in part as a means to intervene in the money market to control the levels of liquidity and excess demand generated by the general budget through public expenditure financed Iraqi dinar source within the policy of sterilization to provide a balance between supply and demand in the money market and maintain the stability of the Iraqi dinar exchange rate.
II: items outside the balance sheet of the Central Bank
and represent in all cases, management of the Iraqi Central Bank of the public money, especially in foreign currency for being a guardian of the money the government and entrusted with the administration of State for public money.
and as much as it came to slit the first / items within the budget Central Bank of Iraq, especially foreign assets, they represent today as we cover the national currency of the servo stability and represents hedges of exchange to meet the additional forces generated by the market potential in every moment of daily activities and expectations produced by that market. As well that this cover is one of the components of the Cash Basis of any central bank money and represent the means of retaining the strength of the Iraqi dinar source, rising foreign reserves of the Central Bank (cover currency) from (a few billion) in 2004 to about (63) billion dollars, is currently the highest in the Economic history of the country three decades ago. However, to Erie, the central bank such amounts sufficient to protect the national economy because of the weakness of its diversity as it does not pose agriculture in today's contribution to the gross domestic product of more than (3-5) percent and industry for not more than only to 1.5 percent, slightly, which means that the economy in its current exception oil production is an economy service-weak link production total, which requires careful and in anticipation of severe in the formation of sufficient reserves absorb twice the diversity and displays the balance of payments to the dangers of extreme volatility because of the pressure of aggregate demand or aggregate expenditure.
have been able to CBI for being a central bank independent of diversifying its reserves of foreign outside Protection of Security Council resolutions, and it's U.S. presidential executive in the protection of bank money and the government in the area of jurisdiction of the U.S., which provided that independence brought by its law, in addition to the site of Iraq Muqtadir in the international community, internal protection managed under which the monetary authority to diversify more than 65 percent of those reserves to areas of another jurisdiction in the European Union and other currency of the euro and the pound sterling since 2008, particularly in the sober central banks in those areas of law. This was the internal protection for central bank money, which represents the country's reserves are a source of respect and appreciation of the fact that these funds contribute to the financial stability of Iraq, which is an important part of the components of international financial stability, and that these funds are not for commercial purposes is earn Iraq a financial power and legal in dealing with institutions international financial and building close relations with central banks in the industrialized world first.
the Security Council resolution 1483 in May 2003 may form the starting point for restoring Iraq's relations with international financial and in particular multilateral financial organizations, which singled out of them (the IMF and World Bank), which resulted in the birth Convention on the Paris Club in November 2004, which led the International Monetary Fund in which the role of and influential in Iraq to get a discount on its debt of State, which increased to $ 120 billion and by deduction of 80 percent which is the only country in the world of middle-income countries that have received this discount higher its foreign debt. This is because the matter to the two entrances are important Adahma fund the first to make a loan to Iraq under the loan agreement the countries of post-conflict EPCA where the Fund has been able to persuade the Paris Club countries that Iraq despite being a middle-income countries, but it falls within the countries emerging from conflict and that the infrastructure and economic status requires a deduction of at least 80 percent of the total debt and the other to assign his hypothesis to provide tables of financial and economic analysis provided by the Fund for the Iraqi economy to the secretariat of the Paris Club
, which named the analysis of debt sustainability DSA, which showed the other weak capacity of the Iraqi economy to pay its debts unless there is a discount high and which culminated in that Convention, where rescheduled debt discounted by 80 percent until the year 2028.
that Maittalaa him the Iraqi Central Bank of the future plans are summarized the development of management of the country's resources and diversification of foreign through the formation and the creation of sovereign wealth fund are different standards a little on the criteria for management of foreign reserves International (cover currency) that prevail and venerate the yield on the issue of liquidity which are inherent to the status of international reserves of central banks usually for emergencies. And diversification of sovereign wealth fund various financial instruments stems from the facts that the first oil resources that are difficult to be absorbed through real diversification should diversify financially. And the other returns the sovereign wealth fund that has to be in the interest of development and capacity building material and human resources of the country in a line parallel with the ability to diversify the real sectors of the national economy all. Which represents one of the strategies the central bank.
either strategy the other, generally blog in the reform of management system of the national currency through raising project three zeros added by the inflation and the deterioration of the former reduced the efficiency of the system of cash payments current and increased the difficulties of cash transactions, and ease of Altobeiran numeric value for different transactions, making it more difficult and Aktherabia. Therefore, the project re-structuring of currency comes to shorten the money supply of a large number of nearly 34 trillion dinars to about 30 billion dinars is about 4 trillion paper in circulation to 1.18 billion paper, which will facilitate the work of the system of cash payments and reduces the cost of payment transactions cash between citizens and the banking system and the banking system itself and reduces the problems of the multiplication of numbers, or deal with digital Bakiem very high expression of transactions
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lets hope one of the drafts is HCL. I know that's thinking big and wishin for too much.
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United Nations: We are committed to facilitate the withdrawal of Iraq from Chapter VII
15/07/2012 0:00
Confirmed the improvement in relations between Baghdad and Kuwait,
Baghdad - Al Sabah said the Secretary-General of the United Nations Ban Ki-moon said the Iraqi-Kuwaiti relations have improved significantly, declaring the commitment of the UN organization to provide the necessary support to facilitate the withdrawal of Iraq from Chapter VII. confirmed moon in a report to the Security Council yesterday on the work of the UN mission to help Iraq (UNAMI) that "the bilateral relations between Iraq and Kuwait has seen a significant improvement over the last four months have been the establishment of a joint committee to manage the navigation in the waterways involved in the Khawr Abd Allah during those months." The Ministerial Committee of the Iraq-Kuwait the joint had met in Baghdad on 29 April, and Foreign Minister Hoshyar Zebari, then the signing of a protocol with Kuwait for the organization of navigation in the Khawr Abd Allah, confirming that Iraq will sign a number of protocols with Kuwait during the visit of Prime Minister of Kuwait Jaber Al-Mubarak Al-Sabah to Iraq in the last quarter of this year, while he noted that the third session of the Joint Ministerial Commission held in Kuwait in March 2013. and formed the Committee of Ministers the Iraqi-Kuwaiti joint in the 12 of January 2011, to resolve the outstanding issues between Iraq and Kuwait, according to international resolutions, having held its first meetings in the 27 of March 2011, her talks in Kuwait to resolve outstanding issues between the parties. The moon that "the parties agreed to take the necessary measures to maintain their common border and enhance common security," adding that "Kuwait will open consulates also in the provinces of Basra and Erbil." experiencing Iraqi-Kuwaiti relations are positive developments as it announced the Kuwaiti Ambassador in Iraq to the insured in the April 30, 2012 that his country will open soon consulates in the cities of Erbil and Basra as well as the offices of the embassy in the number of Iraqi provinces, and emphasized the Kuwaiti side that touches the seriousness of the Iraqi government to close the outstanding issues between the two countries since the nineties of the last century. He explained that "both sides asking the United Nations jointly to begin maintenance work for the maintenance project marks the border between Kuwait and Iraq by the 31 of October next, taking into account satisfy both sides of the basic conditions necessary to begin maintenance work field," calling on them to "maintain this momentum and seize the opportunity to settle all outstanding issues and the normalization of relations between them fully. " and pledged to the Secretary-General of the United Nations "to continue to support the efforts of both sides that deserve praise in regards to maintenance project marks the border in a fast and flexible," noting that "the Security Council endorsed the recommendation made by last June to begin The two sides of Iraq and Kuwait to explore other arrangements to promote and ensure the continuity of cooperation in the search for missing persons and property, including the Kuwaiti archives. " on the same level, said Ki-moon that "the United Nations remains committed to providing all the necessary support to facilitate the withdrawal of Iraq from its obligations under Chapter VII of the Charter United Nations, including the work of the Coordinator of the High-level for Kuwaiti prisoners of war and Kuwaiti property Gennady Tarasov. " Iraq has been under since 1990 with Chapter VII of the Charter of the United Nations imposed after the invasion of the dictatorial regime of Kuwait in August of the same year, this item allows the use of force against Iraq as a threat to international security, in addition to large amounts of frozen assets of financial international banks for the payment of compensation to those affected by the invasion. announced in Baghdad on the agreement Iraqi - Kuwaiti to hold periodic meetings in the capitals of both countries to resolve all outstanding issues, where the MP said the coalition state law, Abbas al-Bayati told the "Center Brief for the Iraqi Media Network": that "the Joint Committee, Iraq - Kuwait agreed to hold periodic meetings in Baghdad and Kuwait for the purpose of search each file and to find solutions before the closing," expected to see the end of this year to close all files between the two countries, as will relations, Iraq - Kuwait to the outdated gold. " In another window, the Secretary-General of the United Nations concern about the increasing political tensions, which hamper efforts to push Iraq towards progress and prosperity, said in this regard: "If it were not there address meaningful of all parties in Iraq, it is possible to hamper efforts to push the country towards progress and prosperity, "pointing out that" the continued political tensions could adversely affect the security situation in the country. " said Moon, "The treatment of these issues is still an order a central role in Iraq's future stability, "calling on Iraqis to" work in a spirit of consensus and inclusiveness, in accordance with the Constitution for the future of a peaceful and prosperous Iraq.
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Shahristani calls for settlement of balancing the Kurdistan Region
15/07/2012 10:08
BAGHDAD - Al Sabah
called on Deputy Prime Minister for Energy, Hussein al-Shahristani, the Ministry of Finance "officially" to settle the damage caused by the non-delivery of the region for its oil from the budget of the region's 17 percent of the federal budget. The Director of Information Office of Shahristani Faisal Abdullah told the "Center Brief Media Network Iraqi ": that" the loss of Iraq by the non-delivery of the Kurdistan region of crude oil to the federal government an estimated eight billion and 500 million dollars. "Abdullah said" there is a clause in the federal budget for 2012 required the region should be the delivery of crude oil produced from its territory of the Federal Government to sell through the company Iraqi Oil Marketing SOMO of the Ministry of oil at world prices, not cheaply. " Article 1 First - B of the budget of 2012, as follows: "calculate revenues from export of crude oil based on the rate of (85) dollars per barrel and the rate of export of $ (2.6 million) barrels per day, including (175,000) barrels per day of crude oil product in the Kurdistan region and the intervention of all revenue actually in the Development Fund for Iraq (DFI) or any other form another replacement. "He said Abdullah that" Turkey's approval to import crude oil from the Kurdistan region in violation of the Convention which was held between Iraq and Turkey. "learned" the center Brief for the Iraqi Media Network "on Saturday that one of the deputies of the National Alliance would file a lawsuit against the Kurdistan Regional Government to overcome the Constitution after the start exporting crude oil to Turkey. For his part, said government spokesman Ali al-Dabbagh's (Center Brief for the Iraqi Media Network):" The export oil from Kurdistan to Turkey, illegal and illegitimate and Turkey contribute to the smuggling of oil. "He al-Dabbagh that" this matter will affect the relations between the two countries, especially economic relations will be harmed
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Terminal: Convention Erbil will be among paper reform
15/7/2012 | (Voice of Iraq) - add comment -
Baghdad (news) According to a member bloc citizen National Alliance MP Habib Terminal, that the terms of the Erbil will be among paper reforms to be provided by the National Alliance after the examination is "extensive." said Terminal in a statement (of the Agency news) on Sunday: The Paper reforms to be provided by the National Alliance include the terms of the Erbil and agreements entered into and that are in line with the Constitution or by the agreement between the political blocs. He added that this paper will be presented to all the political blocs to dialogue in its terms and the issuance of an agenda and clear diagnosis for all the negatives that hinder the political process to be a paper successful and prepared by everyone to resolve the outstanding problems. said MP for mass citizen to: that the paper would be presented to other political blocs after they are studied "extensively" in order to not be a step like its predecessor did not succeed. and was a member of a coalition of state law, the National Alliance MP Shaker Darraji, reveal the political meetings take place between the political parties are undeclared to create the holding of meetings on the reform paper prepared by the Alliance to get out of the current political situation. Daraji said in an earlier statement (the news): The National Alliance initiative represented by political reform includes reform of state institutions and solve political problems , indicating the following: that the repair mechanisms dependent on the consultations of the political blocs to agree on it.
Read more: http://www.sotaliraq.com/mobile-news.php?id=64744#ixzz20gvfwvem
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Maliki to U.S.: Arming the Iraqi army must be as determined by the Federal Government
15/7/2012 | (Voice of Iraq) - add comment -
Information Office of the Prime Minister met with Prime Minister Nuri Kamal al-Maliki in his office today, the official commander of Central Command for U.S. forces in the central region Gen. James Mattis. During the meeting, emphasizing the importance of continued cooperation between the two countries especially in the field of armaments and the completion of air defense systems, land and sea in the framework agreement the strategic framework. called sovereignty to the acceleration in the pace of equipping the army as it takes to defend Iraq and its sovereignty and independence, stressing that we do not want to go beyond a one as we refuse to go beyond us or affect our sovereignty one. He also called on to develop the capabilities to combat terrorism and to work on the processing to be a tool effective to defeat terrorism and Alajhazalih, stressing that the policy of armament must be federal, according to Mathadddh the federal government to the priorities and needs. For his part, the commander of U.S. Central Command United States is willing to develop cooperation and to give the armament of special importance due to the need for Iraq urgent at the present time, indicating that the United States agrees with the Iraqi side, the need to oversee the federal government on each activity in the armament of the country so as to enhance security and stability of Iraq and the extension of the state over the whole land of Iraq, its waters and airspace.
Read more: http://www.sotaliraq.com/mobile-news.php?id=64766#ixzz20gtVHljR
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Expert: State can not bear the burden of the private sector
15/7/2012 | (Voice of Iraq) - add comment -
Baghdad (news) said economist Ali al-Husseini, the private sector lacks the modern technology world only, pointing out that the support of private sector is not of the duties of the state. Husseini said (of the Agency news) said on Sunday: The private sector in Iraq is not neglected by the state , but lacks the applications and concepts and technology that could be imported from abroad or acquired through the business dealings of Foreign Affairs. He added that the duty of the State towards the private sector is limited in the provision of the laws that guarantee the rights of investors only, indicating that the State can not afford the burden of the private sector which should rise depending on itself through the acquisition of international experience. He pointed out: that the private sector needs to support the banking sector to grant loans to do his job correctly in order to be the investor partner banks in promoting and supporting the growth of the economy.
Read more: http://www.sotaliraq.com/mobile-news.php?id=64768#ixzz20gsYWbB3
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Member of Finance Committee: The Central Bank will not be able to replace the currency in early next year and prolong the change will make it easy to fraud
15/7/2012 | (Voice of Iraq) - add comment -
Baghdad (news) noted member of the Finance Committee MP / Bloc coalition, the Iraqi / Hassan Salman al-Bayati, the inability of the central bank to replace the currency in the beginning of the year (2013), because he was able to solve the arrangements for printing the new currency the deleted zeros did not agree on the slogans of appropriate cross the civilization of Iraq. Bayati said (of the Agency news) said on Sunday: The Central Bank began two years ago to study and take action to replace the currency, but he was not able to make this task, prompting the bank to demand giving him another year to remove the obstacles that direct replacement of the currency. al-Bayati : It is assumed that the central bank is ready the beginning of the year (2013) to replace the currency new deleted zeros, but he was not able to make this task, indicating that the prolonged period of currency exchange will encourage some of mafias to know every detail and facilitates forgery. He added that the process of deleting zeros are needed in Iraq to facilitate commercial transactions and facilitate carrying the largest monetary value categories are few. and between: that the budget (2013) will be issued currency, the current is not new because they are not ready for circulation, The currency the old will remain for two years in trading in the market to be withdrawn gradually. and called on member Finance Committee: The Central Bank and Ministry of Finance and the Cabinet to speed up the procedures for the new currency, so as not to result from delaying the emergence of counterfeit currency.
Read more: http://www.sotaliraq.com/mobile-news.php?id=64772#ixzz20gquhoGz
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Wow, thanks Machine. How smart is this guy? Great post.
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Netherlands decided to officially grant asylum to Iraqis (sexually oppressed)
7.13.2012 | (Voice of Iraq) - add comment -
(Rn) The Minister of Immigration Geert Lierse, Friday, that the Netherlands has decided to formally granting asylum to *** and transgender people, male and female Iraqis, because Iraq is not a safe country for the oppressed sexually, "in what was (the fact that Van Dyke), spokesman for the *** Dutch that the decision was "a significant victory for the Iraqis who have fled their country because of their sexual orientation." But Foss der Hal employee in the Office of the refugees in Eindhoven told the Kurdish news agency (Rn), there are fears of impersonating some character (like me) or (oppressed) sexually for the purpose of obtaining asylum. called Hal stakeholders Dutch that "describes the tactics in come to know the truth claim Alamadhd sexually in order to prevent the exploitation of decision." According to Dyke, "the Iraq of the most dangerous countries on the *** and that there are studies indicating that 750 people have been killed in Iraq since the year 2003. " Over the past several weeks, discussed the Dutch Parliament the possibility of granting oppressed sexually Iraqis, and to reach a decision to temporarily postpone the deportation within Iraqis threatened with deportation. Minister of Displacement and Migration Iraqi Dindar Longman Shafiq Dosky talks with his Dutch counterpart in the June 17, 2012 on ways to help Iraqi refugees stranded in the Netherlands, which insists the Dutch authorities to pin them to their country. But the Iraqi minister rejected an offer to the Netherlands to receive Baghdad refugees deported forcibly. The Party (DE 66) and party (the Greens) left-wing has been invited to stop the deportation of Iraqi refugees persecuted sexually to their country, including *** and transgender people, because of "imminent danger that awaits them in Iraq, according to a report backed by both MPs Geert Skhao Party Aldemqratia (DI 66) and reconcile Debbie MP from the party (the Greens). and endorsed the report went to him the (C or C) defending the oppressed and sexually that adopt programs integrate them in society, that "Iraq is a dangerous environment for *** Iraqis if they returned to their country." The Rn met last month at the reception center of refugees in the city (Denbos) in the middle Dutch asylum Iraqi asylum claim "being subjected to persecution sexy in their own country." said refugee Hassan Karim "The persecution also includes young people who dressed in Western clothes and rehearsing their hair according to western fashion." According to social researcher Walid cart worker in the organization of refugees in the Netherlands in a statement (Rn), the "A lot of young people displaced to the Netherlands abandoned their justifications based on the facts of political persecution and sectarian killing and resorted to the stories of persecution (fabricated) in some cases, in order to reach their destination." The media quoted a few months ago news was young (IMO) to the persecution and murder of by extremist groups in Iraq. and (IMO) segment of the boys and young people tend to approach the Western in behavior and appearance, wearing tattoos and are characterized Ptsrihat felt certain, where is the other behaviors incompatible with religious values, customs and traditions. From: Adnan Abu-Zeid, the Open: Peace Baghdadi
Read more: http://www.sotaliraq.com/mobile-news.php?id=64535#ixzz20XmBlkYl
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Anyone smell smoke before a possible RV?
Yep!
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why did it take the french this long to tell them about it in the first place?
can you imagine the interest on that money
[/quote
I'm surprised the French told them at all. The Iraqi's could have accounts/money all over the world with out there knowledge. I'm also not sure why there would be a problem with the Iraqi's accessimg these accounts after UN December 10th decisions to release them from all economic sanctions.
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Trying again to add the picture! Double phooey! Can't do it!
precious, have you tried to attach your pic using the "Click to Attach File button" under the Attachment header?
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This is what I'm hopin for. I'm past topless and speed
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I believe...IMHO... We have about a 50/50 change for a neutral event or some type of hybrid event to a true revaluation. I posted the first article last year and went back to look at it again and I still hope, the CBI's only defense against speculation is to portray the inevitable currency reform as a redenomination. But I still have to keep asking myself why? Why would Iraq want to put themselves in the same finacial position as Turkey presently. As far as the redenomination of Turkey, I doubt there were 250,000 speculators drooling over the possibility of making millions from the redenomination of the desperate Turkish Lera. After all, the lera was not artificially depreciated, and left with a program rate. I know some will argue with that analogy, but we will see.
We have read a multitude of news releases by Selah pointing to a probable of redenomination of the IQD. Turkey seems to be the refference point on why a redenomination would work.. I have researched many articles about Turkey and found as in all news you have to look at the source first. In my opinion the articles coming out of Iraq need to be evaluated by the source. I'm not talking about Selah, I'm talking about the news agency from which they are delivered. For instance here's an article that was released by Bloomberg about Turkey. I don't think this is where Iraq wants to be.
Why would Iraq want to be a Turkey? Does this sound like a country who's GDP is going to rival China's?
This where Turkey stood last year as an investment Risk.
Turkey, S&P Diverge on Economy; Basci Says No ‘Hard Landing’
July 28, 2011, 11:07 AM EDT
More From Businessweek
July 28 (Bloomberg) -- Turkey’s central bank said there was no risk of a “hard landing” for the country’s economy, disagreeing with an assessment by Standard & Poor’s yesterday.
There is no overheating in the economy and the central bank is prepared for any sudden halt in foreign capital inflows, governor Erdem Basci said at a news conference in Ankara today.
Basci’s words were in contrast to the statement by Standard & Poor’s, which said a rapid economic slowdown was likely and the government should aim for a higher budget surplus excluding interest payments to help deal with a widening current account deficit.
“We see no risk of overheating or a hard landing,” Basci said. The bank has the tools to deal with any sudden halt in inflows of foreign investment into Turkey’s markets, he said.
Standard & Poor’s and Fitch have said there’s uncertainty over the outlook for the country’s credit, and the lira is the worst performing currency this year on concern that the current account deficit threatens stability of the economy. The gap has widened to the biggest since records began in 1984. The country grew an annual 11 percent in the first quarter of the year, the fastest rate among the Group of 20 major economies, drawing in more imports of oil and consumer goods.
‘Rapid’ Slowdown
“If the debt flows stop coming into the economy and if the economy comes to a hard landing and slows down really rapidly, which we think is likely, that could really hit public finances,” S&P analyst Frank Gill said in a phone interview yesterday.
Gill said Turkey’s fiscal position is “too accommodative,” urging the government to slow spending. Basci said fiscal policy is tighter and supports the central bank’s aims after the government pledged to save extra income from a tax restructuring offer.
Basci also disagreed with an IMF assessment last week that the current account deficit may widen to 10.5 percent of economic growth this year. The deficit will remain in single figures, he said today.
The lira rose 1.1 percent to 1.6729 per dollar at 5:43 p.m. in Istanbul, advancing for a third day after reaching the weakest in more than two years on July 25. The main ISE National 100 index of shares gained 2.2 percent to 62,530.88. Yields on two-year benchmark bonds fell 14 basis points to 8.81 percent.
The IMF predicted the expansion of the economy may slow to 2.5 percent next year from 8.7 percent in 2011.
Fitch places Turkey one level below investment grade, while Moody’s Investors Services and Standard & Poor’s rank the country two grades below investment status.
--Editors: Mark Bentley, Steve Bryant
http://www.businessw...d-landing-.html
Turkey redenominated in 2005, they are still in trouble and a high risk for investment. If you look at the majority of articles on the web about Turkey they paint a beautiful picture, but the truth is always there somewhere. JMO
Read more:
This is where they stand this year.
Banking Industry Country Risk Assessment: Turkey
Publication date: 01-May-2012 11:23:51 EST
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View Analyst Contact InformationTable of Contents
Major FactorsRationaleBICRA OverviewEconomic Risk: 6Industry Risk: 5Peer BICRA ScoresGovernment SupportRelated Criteria And Research
Major Factors
Strengths:Relatively moderate household and corporate indebtedness.
Bank regulation, supervision, and governance that compare favorably with those of many emerging economies.
Stable banking industry with adequate ability to price risk.
Weaknesses:Low level of wealth and high, persistent structural imbalances in the economy that render banks vulnerable to external shocks.
Vulnerable external position and large current account deficit.
Tightening systemwide funding because of low savings, an underdeveloped debt market, and rapid loan growth.
Rationale
The banking sector of the Republic of Turkey (foreign currency BB/Stable/B; local currency BBB-/Stable/A-3; Turkey national scale trAA+/--/trA-1) is in Banking Industry Country Risk Assessment (BICRA) group '5'. Our criteria define the BICRA framework as one "designed to evaluate and compare global banking systems." A BICRA analysis for a country covers rated and unrated financial institutions that take deposits, extend credit, or engage in both activities. A BICRA is scored on a scale from '1' to '10', ranging from the lowest-risk banking systems (group '1') to the highest-risk (group '10'). Other countries in BICRA group '5' include China, India, Poland, Slovenia, Spain, Thailand, and the United Arab Emirates.
Our economic risk score of '6' reflects our opinion that Turkey has "high risk" in "economic resilience" and "economic imbalances," and "intermediate risk" for "credit risk in the economy," as our criteria define those terms. Turkey has a large and well-diversified economy. However, the level of wealth is moderate and growth has historically been volatile, sensitive to investment and funding flows from abroad. The inflation rate is higher than in most peer countries, and the export-oriented private sector is vulnerable to external market dynamics.
Turkey has big structural imbalances and a volatile equity market. Net external debt remains relatively high and, coupled with recurring large current account deficits, increases the economy's dependence on portfolio flows (foreign sales or purchases of financial assets); foreign direct investment into companies; and cross-border bank borrowings.
We base our assessment of Turkey's credit risk in the economy on the country's relatively low household and corporate debt. One characteristic is the low proportion of housing loans in the system as a share of GDP. We consider that banks have adequate lending and underwriting standards, as well as diversified loan books with little exposure to cyclical sectors.
Our industry risk score of '5' factors in our view that the country faces "intermediate risk" in its "institutional framework" and "competitive dynamics," and "high risk" in "systemwide funding."
In our view, Turkey has improved its institutional framework significantly since the country's economic and financial crisis in 2001, and continues to bring regulations increasingly in line with international standards. While the regulator's track record is short, it has taken a more proactive and prudent stance toward the industry, compared with prior regulatory underperformance. This has resulted in better systemwide transparency and corporate governance practices. In addition, some of the system's weakest banks are out of business, after the failure or takeover of about one-third of the total number of banks in the country in 2001.
Our assessment of Turkey's "competitive dynamics" combines our view of the industry's moderate risk appetite and adequate pricing power. Earnings benefit from strong margins, particularly in the retail segment, and cost of risk has remained manageable in the recent downturn. Banks do not offer high-risk or complex products to their clients. The industry has largely stabilized, in our view, and several large players now dominate the market. While state-owned banks still account for about one-quarter of the market, we do not believe this hinders the industry's stability.
"Systemwide funding" remains a weakness for Turkish banks, in our view. Banks are mainly funded by customer deposits, which however result in asset-liability mismatches because of their short-term nature. Funding from abroad sharply increased in 2010 and 2011, but remains limited compared with that of peers. Domestic debt markets remain underdeveloped, and until recently the private-sector and banks were long crowded out by the high borrowing needs of the sovereign.
We classify the Turkish government as "supportive" toward the domestic banking system. We recognize the government's long track record of providing extraordinary support to the banking system in times of stress.
http://www.standardandpoors.com/ratings/articles/en/us/?articleType=HTML&assetID=1245332954827
Why is Turkey Turning to Bullion?
By Ben Traynor
April 11, 2012 • Reprints
This is what they are doing to correct financial position. Hmmn
Why are Turkey's policymakers suddenly so interested in gold bullion?
Turkey's central bank last month raised the proportion of domestic currency reserves banks can hold as gold bullion – while simultaneously cutting the proportion for foreign exchange reserves to zero.
The move came only months after Turkey's banks initially received approval to hold some of their reserves as gold – and less than a week after reports that the Turkish government is hoping to encourage people to deposit more gold with the country's banking system.
What ever could they be up to?
One explanation is that Turkey satisfies most of its gold investment demand through imports. As BullionVault noted last month, Turkey has joined India and Vietnam in turning its attention to gold as a means of addressing a balance of payments problem.
But there is another, arguably more pressing problem to which policymakers view gold as the solution: Turkey's fragile banking system. The move to boost gold's role in the banking system should be viewed as part of a wider strategy to stave off a liquidity crisis – whereby banks have insufficient liquid reserves to meet their creditors' demands for repayment.
This is a potent fear in Turkey, which just over a decade ago suffered a liquidity crisis that scuppered efforts to rein in inflation and government deficits. Indeed, the Turkish Liquidity Crisis of 2000-2001 is key to understanding recent policy announcements regarding gold. What began in late 1999 as an attempt to solve long-standing and deep-rooted problems ended with a banking crisis and exchange rate collapse.
In December 1999, following years of high inflation and currency depreciation, Turkey announced a stabilization program backed by the International Monetary Fund.
"Our program rests on three pillars," wrote Turkey's economic minister and the governor of its central bank in their letter of intent to the IMF.
"Up-front fiscal adjustment, structural reform, and a firm exchange rate commitment supported by consistent incomes policies."
In other words – like many who have been compelled to throw themselves on the mercy of the IMF – Turkey's politicians pledged to sort out the public finances and put downwards pressure on wages, and therefore inflation.
Another way they would fight inflation was by anchoring the exchange rate. The Turkish lira was to be supported by what several economists have called a "quasi-currency board". Limits were imposed on how much liquidity the central bank could provide to banks – the idea being that if it prioritized the banking system's daily lira liquidity needs it would weaken the currency.
A result of this arrangement, as one Turkish economist points out, was that the volume of liquidity in the system was "basically determined by the 'support of the international community' as well as the existence of 'good climate in other emerging markets'".
For a short while, the program seemed to work. Inflation fell, and capital inflows kept the Lira supported. In reality, though, Turkey was merely storing up problems for later. The current account deficit – the other side of the coin to those capital inflows – swelled from $0.9 billion in 1999 to nearly $10 billion by the end of 2000, according to IMF data.
At the same time, Turkey's banks were building up foreign currency liabilities that would later come back to bite them. One impact of the 2000 stabilization program was that it created an attractive opportunity for foreign investors. With the exchange rate now seemingly stabilized, market interest rates in Turkey more than compensated foreign investors for currency risk.
In addition, the stabilization program lowered the perceived default risk on Turkish government bonds. There was thus an attractive arbitrage, and investors – including Turkish banks as well as foreigners – piled in. Bond prices gained, and interest rates fell, as over $10 billion in net capital inflows washed into Turkey in the first nine months of 2000.
This speculative momentum, unsterilized by the central bank as part of the terms of the program, caused interest rates to “undershoot,” as foreign money flowed in and domestic banks funded bond positions with short-term borrowing. Then things went into reverse.
Capital inflow had already begun to slow down in the second half of 2000, and by September had turned into a net outflow. But it was November when things really started to fall apart. Under other circumstances, the central bank might have been able to sterilize the outflows by undertaking an expansionary stance, providing liquidity to offset the outflows. But under the stabilization program, this was not an option, lest it undermine the lira.
With market liquidity scarce, interest rates rose. Banks that were funding their bond positions through short-term borrowing found their borrowing costs rose while the assets they held went down. Many were forced out of the trade with margin calls.
In addition, rising interest rates made it more expensive for the government to service its debt. This raised the risk of default, further weighing on government bond prices. And as money started to flow back out of Turkey, the pressure on the Turkish lira caused investors to wonder if the central bank could support it. Eventually, on Dec. 6, 2000, the IMF had to step in with a further $7.5 billion.
However, Turkey was only allowed to use this money against a speculative attack should one occur. It could not use the money to support the lira while lowering interest rates, a move that might have eased pressure on bank balance sheets stuffed with government debt.
A second liquidity crisis in February 2001 saw the stabilization program collapse. Turkey entered a deep recession, GDP that year falling by over 5%.
There were other, external factors at work too, which may have played a part and which carry faint echoes of today's environment. A sharp rise in oil prices put upward pressure on inflation and made the current account problem worse. The dollar rose against the euro – a problem for Turkey, most of whose imports are priced in dollars while its exports receive mainly euros.
Another source of pressure was the US Federal Reserve, which raised the fed funds rate from 5.5% to 6.5% over the course of 2000 – reducing the relative appeal to investors of putting their money in higher yielding emerging market securities. Today's Fed seems very far from raising its interest rate, but as the US economy starts to show signs of improvement, investors and policymakers alike are beginning to consider what will happen when it eventually does.
Against this historical background, Turkish policymakers have taken a number of steps in recent months that they hope will be sufficient to deal with today's threats.
The central bank's November Financial Stability Report shows that while the banking system as a whole was viewed as still being reasonably strong, concerns were growing last year about whether it had adequate liquidity to keep things ticking over.
"It is noteworthy," the report says, "that the weight of FX assets and FX liabilities on the balance sheet has been on the rise."
Furthermore, banks' Foreign Currency Liquidity Adequacy Ratio – the foreign currency value of assets compared to value of liabilities of a similar maturity term – has been falling:
In other words, foreigners have been building up claims on Turkey's banks, while the ability of banks to meet those claims has been diminishing. Were asset values to fall too far, banks' solvency could be called into question – and even if banks remained technically solvent, they could still face a liquidity crunch if too many of their creditors decided they wanted their money back at the same time.
Last year, as the euro-zone crisis was intensifying, this looked a distinct threat. The crisis increased the likelihood that foreign lenders, especially in the euro zone, would pull their money from Turkey as they ran into trouble themselves, or demand higher interest rates to compensate for the greater perceived risk.
Anticipating the possibility that banks would need additional funds to meet greater payments to lenders, Turkey's authorities undertook a number of measures aimed at boosting banking sector liquidity, which included the following:
On Aug. 4, 2011, the central bank's Monetary Policy Committee agreed to cut its benchmark policy interest rate – the one-week repo rate – from 6.25% to 5.75%. At the same meeting, the MPC "laid the ground" for additional liquidity provision "in case of possible financial turmoil". This included a reduction in Turkish Lira required reserve ratios – the amount of cash banks have to hold back as a proportion of their assets – as well the central bank providing foreign exchange liquidity "in case of unhealthy price formations due to a decrease in the depth of the foreign exchange market", a measure which came into effect on Oct. 5.
From Sept. 16, banks were able to hold up to 10% of their Turkish lira reserves as dollars or euros. This was raised to 20% on Sept. 30, and 40% on Oct. 28.
From Oct. 14, banks were permitted to hold up to 10% of their reserves in the form of gold bullion. On March 27, 2012, this measure was tweaked, with banks being allowed to hold up to 20% of Turkish lira reserves as gold, while no longer being permitted to hold gold towards their foreign currency liabilities.
It's clear that the authorities want to make sure Turkey's banks have sufficiently liquid reserves to meet their liabilities – and especially their foreign currency liabilities, hence the tweak to prevent gold being substituted for euros and dollars.
Much like 12 years ago, though, the central bank is in a bind. If it uses its reserves to provide foreign exchange liquidity, it risks inviting a speculative attack on a currency that lost 16% of its value against the dollar last year. Similarly, if it is too aggressive in providing domestic currency liquidity it will also undermine the lira.
Turkey has arguably run up against the limits of accommodative monetary policy. And it has turned to gold bullion as a potential lifeboat.
In a sense, Turkey's banks are being encouraged to treat gold as a quasi-foreign currency – but one whose depositors are domestic citizens, who are traditionally less inclined than foreign depositors to pull their money at the first signs of trouble.
Turkey's banks have offered gold accounts since the mid-1990s, but most of the gold in private hands – an estimated 5,000 tonnes (worth roughly $260 billion at today's gold price) – is still held in physical form well outside the banking system. Hence these reported plans to encourage more people to put their gold in a bank.
It remains to be seen how successful any such attempts will be – both in terms of how many people deposit and how effective that will be at supporting the banking system. But if anyone asks you "Why is Turkey turning to gold?" answer them this: "It's the liquidity, stupid."
http://www.resourceinvestor.com/2012/04/11/why-is-turkey-turning-to-bullion
Now, I have admitted the possibility to a neutral event, but I truly don't think God has that plan.
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I'm shocked at Arizona (Phoenix) . This is a very sad day not only for Christianity, but I would call this a gross assault on our constitution.
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I believe God will save us through our Children.
I don't mind sharing my son's experience because it was so beautiful and provided such a sense of peace. I lost my Dad in July of 2005 to occular melanoma, six months later I lost my mother in law to uterine cancer. At the same time my husband was undergoing extensive chemo for stage IV melanoma. Since he has passed. He had been diagnosed a few month earlier with 8 tumors in his lungs. It was a time in our lives, that illness and death was consuming our family. My husband was the most amazing man. He was a true warrior when it came to his fight against that dreaded disease. When he was first diagnosed, the melanoma was already stage IV and the doctors only gave him a 20% chance to live 2 months. He lived eight years. He passed away, January 2010. My husband was an engineer and traveled nationally and internationally mostly building and working on cooling systems for refineries. One night while he was out of town, my son, Stanton, asked if he could sleep with me. Of course, I said "yes". When I was just about to doze off, He said, " Mom! Did I ever tell you I dreamed about going to Heaven? I said no. He said " Mom, I went to heaven. I could look down and see all of you sleeping in you beds and I was up in Heaven. When I got up there, Grandpa (my dad) was there Mawma (my mother in-law) was there, Grandma Nan and Grandma Nan's husband." Grandma Nan and my Grandfather raised me until I was 10 years old. My Grandfather died when I was 10 and his loss was like losing my Father. I can't remember talking to Stanton, about my Grandfather. Grandma Nan died when he was 4. I asked him if he talked to my Grandfather and he said yes. He said, " he told me to tell you that he loves you very much." I asked him "what did he look like?" He replied, "he looks a lot like Grandpa (my dad), just older." Then he said, " do you know all of the street are gold and the river s are gold?" " Grandpa and I went fishing on this big golden pond and Grandpa caught a huge silver fish, and all grandpa and uncle George do is play golf and go fishing every day" He went on to ask me, " Do you know when you hurt yourself in Heaven, your skin heals it self, just like that! He said, that he and my neighbors son ( who had died at the age of 17 of a horrible accident) had gone skating on a golden pond. Taylor, my neighbor's son had fallen down and hurt his arm and it healed just like that! He described a few other things like our dog Ziggy was in heaven and a few of my friends who had passed away. I also asked what did it smell like up there? He said "Cake". I aked him what kind of music do they have up there? He said, "wedding music".
I asked him "did you see God"? and he replied, "yes". I asked him did God talk to you? He said "yes" I asked what did he say to you? " He told me, " Stanton, your a lucky little boy, be worthy!" Now, I can't tell you how this affected me. I had recently suffered such great loss, and my son’s experience brought great peace into my heart. I truly believe my son went to heaven. There is no way at the age of six he could know all of these things. I have always prayed to and believed in God, but never beat the doors down to get to Church. I have 5 Children ages 34, 31, 24, 21 and 11. They all have different personalities and they all are good kids, but Stanton has such a sweet loving nature about him. I call him my little Angel. There is not a mean bone in his body and I thank God every day for him. (please forgive any typo's)
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Source: The Iraqi government sent additional troops to Kirkuk
11.07.2012 | (Voice of Iraq) - add comment -
(Rn), security sources said Kurds in Kirkuk province, the thousand and 100 soldiers from the Iraqi army arrived in the city of Kirkuk and the headquarters of the band 12, in the past week, as he is a member of the provincial council to not be bringing any military forces into the city without informing the Governor. The official said the Department of Law Investigations Directorate of Security (part of the Kurdistan Democratic Party) in Kirkuk, Hajuan Abdullah bucket, told the Kurdish news agency (Rn) that "the Iraqi government has intensified during the past three months, from the process of sending troops military to the city of Kirkuk, for example, according to information that we have bring 1 100 troops from the Iraqi army to the band 12 positioned on the outskirts of Kirkuk, during the last week alone, and that all these soldiers Arabs and residents of the southern regions of Iraq. " He went on a bucket by saying, "We Kqguat security will not accept the arrival of additional forces or the formation of any security forces in Kirkuk province, without the consent of the provincial council and committees of security, because according to the agreement between the KRG and the Iraqi government and signed by Iraqi Prime Minister Nuri al-Maliki himself in 2007, it should be the provincial council and Security Committee informed of the movements of these forces " . For his part, said a member of the Kirkuk provincial council, Ahmad military, (Rn) that "the forces are not present within the city," adding that "the Iraqi constitution does not allow them enter the cities without informing the governor, and required to be entered in order to support the police and security and return later to their positions, and any movements to the contrary are unconstitutional. " The military that "the arrival of those troops to Kirkuk may not require you let us know, because it often is altered forces and this is natural and can not take the approval of the Governor whenever moved any troops, but if has these moves for specific purposes, then will be considered illegal and we will deal with it in another way. " and away Kirkuk province 255 km north of the Iraqi capital, Baghdad, and has a population of about 1.25 million people, representing the people of nationalities of the three Kurdish, Turkmen and Arab, located within the disputed areas between Federal Government of Iraq and the Kurdistan Regional Government and a security situation in the province with tension and instability. and the term of the disputed call on the areas in dispute between Baghdad and Erbil, which was to demographic change at the hands of the former Iraqi regime, most notably parts of the provinces of Nineveh and Diyala, Salah al-Din in addition to the province of Kirkuk, a covered by article 140 of the permanent Iraqi constitution which provides for resolving the issue of those areas in three stages: normalization, and then conduct a census, the population followed by a referendum on the fate of those areas. From: Hazar Rashid, see: Ihsan Aervani
Read more: http://www.sotaliraq.com/mobile-news.php?id=64318#ixzz20PRL12aQ
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I know this has been a religious practice for centuries, but if I had to shut my business down for a month, I would go bankrupt.
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GM yota.
This article sums up Maliki's manipulation to achieve his position pretty well. Machiavellian Maliki, I like the way that sounds. -
Hussein al-Shahristani has been stirring the pot with the Kurds for years now. As the Minister of oil, he has not paid them in over three years. I am sure he is holding up article 140, because Kirkuk is full of oil. Continual accusations like the above, is just going to slow down the reform process.
Guru say's Dinar listed at $7.62 on french FOREX
in Dinar Rumors
Posted
Thanks Dan, I am not sure that it was a glitch. I'll call it a calculated glitch. For sure, Forex markets should not have glitches and if so they can only afford a glitch on a Friday night after markets close. HEE HEE. In November 2009 actually the 12th, on at least 8 forex sites the IQD/USD was 1.49. I saw it with my own eyes. It stayed that way for about 8 hours . At that time I was a short time MILLIONAIRE. I joined this site the next day. I will say Iraq has progressed financially light years since that happened. I also do find it Ironic, that Zebari was in France at the same time cutting the ribbon for the Iraqi embassy. Do I believe the IQD will come out above 1.00, heck NO! I'd be jummpin up and down for .50!
But , I do believe, we may see some movement soon. Because: 1. problems with Iran and Syria. 2. The price of oil is dropping to the point it's interferring with their budget. 3. IMO, Shabs has been ready to pull the trigger since 2010, and least but not last, It looks like the Maliki has had enough pressure applied to seat the government. 
The rest is just Smoke and Mirrors. 