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Frank and Delta, 7-2-12

TonyDownTheShore

By TonyDownTheShore,
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TonyDownTheShore Newbie

TonyDownTheShore

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July 2nd, 2012 : Shabibi wants the new 2013 Budget from MalikiFrank & Delta Conference Call highlights 7-01 call #1-760-569-7699 pin 156996

Frank & Delta believe that the Tariff Law is in affect and there will be evidence from articles in the coming days

Iraq has 2 sets of books that they are using. One has the 1166 rate and the second set of books has another rate. Both of these rates are in the 2012 budget

Shabibi has told the GOI, do not use two sets of books anymore! No more hiding the rates!Shabibi told Maliki to get the 2013 budget done which will include the new dinar rate to go international

There is an urgency for Maliki and the GOI to get the 2013 Budget done

Once the 2013 budget is complete, Shabibi can release the rate

The 2013 budget has to contain the new rate

Today on Iraqia TV, the ministry of Health came out with the new budget figures for 2013, which is 7 billion dinar. It is a fact that the 2012 budget is 7 trillion dinar!!

Iraq must increase the value of the Dinar so they can go international and gain full membership into the World Trade Organization

The finishing of the 2013 budget is the key

Iraq cannot do anything until they revalue

The Standby agreement with the International Monetary Fund is due to expire on July 23 and to this point in time has not been moved or postponed.

Frank & Delta believe the RV can happen anytime

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TonyDownTheShore Newbie

TonyDownTheShore

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hmmm. Ae these guys credible???

As credible as anybody else out there, they speculate like everybody else does.

Thanks Tony. Lets not forget that Ramadan starts the 19 of July. They stated they want the dinar stabalized against the dollar. Lets see how stable they want it.

I still have a little bit of hope that this can happen before Ramadan.

So, when did it become all about the 2013 budget? I thought Maliki just had to get all those Erbil 5 rats in line, Frank.

Supposedly the new rate will be in the new budget so it's a pretty big deal

Here's the article

July 2nd, 2012 Baghdad / term He Central Bank of Iraq hoped the adoption of new local currency after deletion of zeros in the country’s budget for next year, while stressing that he put the finishing touches to a roadmap for the process to delete the zeros.

Central bank says it completed a road map to get rid of three zeros from the currency to reduce the money supply and ease of financial transactions in line with the new situation of the Iraqi economy.

But the government and the Securities Commission Ibdita Khchithma that affect the process negatively on the financial trading market in Iraq Stock Exchange.

The deputy governor of the Central Bank of the appearance of Mohammed Saleh, said that “the process of switching the currency and delete zeros will take approximately two and ongoing preparations for the process that began more than a year.”

It was hosted by the parliamentary Finance Committee in the hope that “the balance of 2013 the new currency.”

According to a statement of the Parliamentary Finance Committee discussed it with the benefit of the mechanism that will be followed by the bank in the process of deleting the zeros and how long this process and changes that will occur on the exchange of currency and its value in the domestic and global market and its impact on Iraqi citizens and its level of living.

He stressed that the benefit of “completion of the project to improve the payments and facilitate the circulation of the currency,” adding that “the operation will raise the exchange of currency and its value in improving the domestic and global market.”

He denied any effects caused by the standard of living of the Iraqi people, calling for the cooperation of everyone, both for its location in the success of the project as a national and belongs to everyone.

Meanwhile, a member of the Finance Committee Haitham Jubouri that “the month of January of next year 2013 will see the deletion of three zeros and currency exchange

The Jubouri that “the process of replacing the old currency will continue to a full year to be the withdrawal of the old in full within the first six months of the year 2014,” noting that “delete three zeros and replace it from would be afterbirth on the stability of the Iraqi currency and reduce the demand for hard currency.”

He Jubouri that “the central bank dispelled all concerns relating to money laundering and forgery during the process of replacing the old currency El Jadida,” explaining that “a device has a special anti-money laundering.”

The Jubouri that “the reform of the currency management from the heart of the Central Bank and the deletion of zeros is a function of the strategy,” stressing that “the Finance Committee of the Parliament supports the policy of the Iraqi Central Bank in this direction.”

According to some economists that Iraq is ready for the time being to delete the zeros of the Iraqi dinar, pointing out that this step you need to stabilize the security and political, as well as economic stability.

The Iraqi market is volatile in the weeks since the exchange rate of the dinar against the U.S. dollar, which experts attributed to the restrictions imposed by the Bank on the sales of hard currency.

And the imposition of bank procedures more stringent in the auction to sell the dollar after it said that the currency you go to the neighboring countries, especially Syria and Iran imposed upon economic sanctions.

The main tasks of the Central Bank in managing monetary policy in the country and raise the level of the value of Iraqi dinar and deal with inflation in the country.

The Central Bank of Iraq four branches in Basra and Sulaymaniyah, Erbil and Mosul.

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Butifldrm Apprentice

Butifldrm

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There must be a typo in the translation of the conference call because the 2012 Budget is 100.5 T IQD.

Today on Iraqia TV, the ministry of Health came out with the new budget figures for 2013, which is 7 billion dinar. It is a fact that the 2012 budget is 7 trillion dinar!!

Read more:

24/02/2012 09:09

BAGHDAD, Feb.24 (AKnews)- Iraqi House of Representatives finalized the budget bill at $100.5 billion and a deficit of $12.6b, yesterday evening, following months of delay due to political disputes.

The budget is up from last year's $82.6b, which was based on an oil price of $76.50 per barrel and 2.2m barrels per day in crude exports. While this year it is based on an average oil price of $85 per barrel and 2.6m bpd in exports.

Some $31.7 billion is allocated for investment projects and the reminder goes to covering salaries and food ration items. The projected deficit will be covered by a surplus in the Development Fund of Iraq (DFI) account at the New York Federal Reserve.

The budget also allocated 17 trillion dinars ($14.6 billion) to the country's security forces.

Iraq, which has the fourth-biggest oil reserves in the world, aims to boost its oil production capacity to 8-8.5 million bpd by 2017, to become one of the top world oil producers.

By Falih Jiwari

Edited by Abdullah Sabri

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ReVbo Newbie

ReVbo

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There must be a typo in the translation of the conference call because the 2012 Budget is 100.5 T IQD.

Today on Iraqia TV, the ministry of Health came out with the new budget figures for 2013, which is 7 billion dinar. It is a fact that the 2012 budget is 7 trillion dinar!!

Maybe just talking about the Min of Health budget, not the total government budget. 7% of the budget would be about right, right?

Thanks, Tony.

Edited by ReVbo
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JREDinars Newbie

JREDinars

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Umm, why did I get negged for that? ^^^

I was wondering the same thing myself. It's not like you said anything crappy that I could tell. I tried to even yiou out but I apparently reached my "quota" for the day. I'll wait another 55minutes and plus ya. :)

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ReVbo Newbie

ReVbo

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Rats? or did you mean rates? (This is a serious question).

Rats. Frank and Delta seem to think that Maliki is the good guy in all this, and as soon as he's done cleaning up the mess that the Erbil 5 started, everything will be fine. It's just a different narrative from the conventional wisdom that Maliki is trying to become a dictator, and the Erbil movement is trying to stop that process.

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wouldchip Newbie

wouldchip

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July 2nd, 2012 : Shabibi wants the new 2013 Budget from MalikiFrank & Delta Conference Call highlights 7-01 call #1-760-569-7699 pin 156996

Frank & Delta believe that the Tariff Law is in affect and there will be evidence from articles in the coming days

Iraq has 2 sets of books that they are using. One has the 1166 rate and the second set of books has another rate. Both of these rates are in the 2012 budget

Shabibi has told the GOI, do not use two sets of books anymore! No more hiding the rates!Shabibi told Maliki to get the 2013 budget done which will include the new dinar rate to go international

There is an urgency for Maliki and the GOI to get the 2013 Budget done

Once the 2013 budget is complete, Shabibi can release the rate

The 2013 budget has to contain the new rate

Funny if you change the dates to 2012 it would say the same thing last year. JO

Today on Iraqia TV, the ministry of Health came out with the new budget figures for 2013, which is 7 billion dinar. It is a fact that the 2012 budget is 7 trillion dinar!!

Iraq must increase the value of the Dinar so they can go international and gain full membership into the World Trade Organization

The finishing of the 2013 budget is the key

Iraq cannot do anything until they revalue

The Standby agreement with the International Monetary Fund is due to expire on July 23 and to this point in time has not been moved or postponed.

Frank & Delta believe the RV can happen anytime

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Francie26 Newbie

Francie26

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Rats. Frank and Delta seem to think that Maliki is the good guy in all this, and as soon as he's done cleaning up the mess that the Erbil 5 started, everything will be fine. It's just a different narrative from the conventional wisdom that Maliki is trying to become a dictator, and the Erbil movement is trying to stop that process.

I see. Thanks very much. I have never trusted Maliki. They could never get rid of him. No matter what they did, there he was, hanging on through thick and thin. I wish these dictator-types were easier to dump. Maliki . . . Those in South America . . . our very own Obama-- self-proclaimed "The One" that America and the entire world had been waiting for . . . Ummmm!! . . . Ummmm!! . . . Ummmm!! . . . But with any luck, and hopefully before he destroys America any more than he has already done (although the race is on), Obama will be out of there--four months and holding.

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