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BondLady -Iraq Is About To Raise The Roof On Export Crude !


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CNN. Broadcasting From The Roof Of The Parliament Building While Dropping Water Balloons On Unsuspecting GOI Members ! Shhh, Here Comes Al-Sadr In A Spiffy New Designer Tunic !

 

 

 

[bondLady] while i have a hot minute lets look at these 3 arts, these are pretty important things too


[bondLady] Hassan al-Bayati: You must deal in Iraqi dinars in
investment and business processes to support Date: 25/02/2013 08:46:43
Monday Baghdad (news)

According to a member of the Finance
Committee MP / coalition in Iraq / Hassan Auzmn Bayati, the importance
of handling the national currency, the dinar in the commercial and
investment operations to support and promote confidence in foreign
dealings.

 Bayati said (of the Agency news): The most
countries of the world to adopt a commercial and investment operations
in its national currency, but Iraq is still dependent on the dollar,
{This prompted }the value of the Iraqi dinar parked on the price of the
U.S. dollar.
...

 

  He added:
direct the central bank to support the dinar investment will support the
national currency and the Iraqi economy, calling to rely on all insider
dinar and foreign to increase its value and enhance the confidence of
the world and be a competitor of international currencies.


The Central Bank of Iraq in search of the 16 of February with the
current domestic and foreign banks, investment support mechanisms Iraqi
dinar, pointing out that he was seeking to boost his tally including
currency makes it controlled

LINK


[bondLady] heres the first one, what does this mean? dedollarization
the biggie and your gonna be a grown up in a grown up society you need
to use your own currency for bills and wages and purchases


[bondLady] : direct the central bank to support the dinar investment
will support the national currency and the Iraqi economy, calling to
rely on all insider dinar and foreign to increase its value and enhance
the confidence of the world and be a competitor of international
currencies, pointing out that he was seeking to boost his tally
including currency makes it controlled


[shredd] this goes along with the UST article which says a delegation
is going to train in international controls to get the currency on par
with its neighbors, enhance confidence of the world, the caption above
says which, DUH, means it's represntative of one of the wealthiest
countries


[bondLady] Delegation and the U.S. Treasury Department show his
country's readiness to support Iraq's efforts to strengthen its
financial and banking system Date: 25/02/2013 19:07:50 Monday Baghdad
(news) ..

Search
Secretary General of the Council of Ministers Ali Mohsen Ismail, on
Monday, with a delegation from the U.S. Treasury Department headed by
Deputy Minister Mr. David Cohen and his accompanying delegation, ways to
support financial and banking system in Iraq and review Iraq's efforts
in the activity of anti-money laundering.


And between the Secretary General of the Council of Ministers,
according to a statement received by the Agency (news), reform steps
taken by Iraq on the report FATF for the Middle East and North Africa
and on the report of the detailed evaluation of the Republic of Iraq in
the fight against money laundering, including the amendment of the law
against money laundering and activating the role of the relevant office
Drug Control in the Central Bank and other measures.


The statement added: Deputy Secretary of the U.S. Treasury expressed
his country's readiness to support Iraq's efforts to strengthen its
financial and banking system and the transfer of expertise of
international control measures and control the movement of funds for the
fight against money laundering associated with corruption, crime or
terrorism. / End / Q. / GS  LINK


[shredd] these go hand in hand. doesn't it just seem illogical for a
growing economy, one with strong reserves, gold and of course the wealth
in the ground

[bondLady] to have a 1166 rate?


[shredd] the massive infrastructure just ripe with opportunity to have
all that.... and being babysat by the USD, right and 1166, so illogical
and the first article stating what we have and especially bondlady has
all this time. confidence in the dinar is expected, great set of
articles

[bondLady] ok heres another


[bondLady] U.S. Agency for International Development (USAID): giving
us 447 thousand billion dollars loan .. And provided 220 thousand jobs
Date: 25/02/2013 18:53:41 Monday Baghdad (news) .. revealed by the U.S.
Agency for International Development, it has provided support to twelve
private institution funded micro-projects by increasing the amounts of
loans, training and technical assistance.


A statement by the U.S. embassy in Baghdad received Agency (news) copy
of it: that the U.S. ambassador in Iraq Stephen Beecroft and Deputy
Director of USAID Mission for International Development David Harden
celebrated today to mark five years since the launch of the agency for
the economic development program in the provinces, known as the "trade"
and which is worth U.S. $ 192 million.


The statement added: Through partnership and cooperation with the
Iraqi Ministry of Trade and the beneficiaries of the project and
representatives from institutions Microfinance, managed program "trade"
contribute to economic growth in the provinces through the development
of services to obtain the necessary funding and business development
projects micro and small and medium enterprises.

He
explained: that the project provided support to twelve private
institution funded micro-projects by increasing the amounts of loans,
training and technical assistance, and thus was awarded 447 thousand
loan totaling U.S. billion dollars and provide 220 thousand jobs.


He continued: The project has "trade" also trained more than 8,300
young Iraqi skills Special Projects Department and the workplace in
addition to the USAID Mission for International Development has sought
actively to support the Iraqi families, including religious and ethnic
minorities and those who were displaced inside by granting this class
People vulnerable four thousand and 270 loans valued at "21" and a half
million dollars.


[bondLady] Ambassador Beecroft said during the ceremony: Trade Project
was designed to help all Iraqi citizens to obtain financial services,
and we believe that all Iraqis must have the chance to start a business
and work hard to achieve their dreams and build a future for their
families.

As
Deputy Director of USAID Mission for International Development David
Hardin: We are proud to be part of the project contributes to the
development of life of many Iraqis, we have to work closely with our
Iraqi partners establish sector to finance projects of sustainable micro
where can entrepreneurs start of construction or development of their
business activities and create jobs and investment in their country.


 The statement noted: that the economic development program in the
provinces, "trade" confirms the commitment of the United States to build
a prosperous Iraqi economy and varied as the contents of the strategic
framework agreement signed between the United States and Iraq. / End LINK

[bondLady] 447 thousand billon dollar loan, giving us 447 thousand billion dollars loan .


[shredd] this one speaks of microfinance, Microfinance is usually
understood to entail the provision of financial services to
micro-entrepreneurs and small businesses, which lack access to banking
and related services due to the high transaction costs associated with
serving these client categories.

[lightingcslt] Shredd like a percentage?

[shredd] lending on all levels based on capital needs


[bondLady] The project has "trade" also trained more than 8,300
young Iraqi skills Special Projects Department and the workplace in
addition

[shredd]
yup, this is a good reminder that so much of iraq is moving forward,
business expansion and success doesn't stop or wait if the climate is
right

[bondLady]
The statement noted: that the economic development program in the
provinces, "trade" confirms the commitment of the United States to build
a prosperous Iraqi economy and varied as the contents of the strategic
framework agreement signed between the United States and Iraq.


[shredd] yup, because it will make us money as a country! this whole
country keeps moving forward, they are expected to have a dinar along
for the ride


[bondLady] revealed by the U.S. Agency for International Development, it
has provided support to twelve private institution funded
micro-projects by increasing the amounts of loans, training and
technical assistance.

[bondLady] i liked all three articles

[shredd] yes, and increasing loans means credit is taking place....ie lending

[bondLady] countries bending over backwards to help iraq

[shredd] which is investor confidence

[bondLady] and to invest in iraq


[shredd] no one's walking away from iraq the ball is rolling , the
microfinance was good to see. relationship-based banking for individual
entrepreneurs and small businesses and group-based models, where several
entrepreneurs come together to apply for loans and other services as a
group. providing credit for those with little or no credit history,
higher risk but the lifeblood of an economy, so iraq is and has been
approaching their growth from all the right directions

[lightingcslt] Shredd so who are these groups borrowing from? the cbi or investors?


[shredd] investors, when banks lend, they sell it right away to a
servicer/underwriter who then packages the loans and securitizes them to
sell to investors

[lightingcslt] Shredd thats where the custodian comes in right?

[shredd] lightingcslt depends on how it's structured really yes, both for seller and buyer

[player46] here is another good art. Wonder if it is HCL and tariffs...


Energy parliamentary: Iraq is about to implement a plan to raise the
roof produce and export crude in 2013 Font size Print Email BAGHDAD /
Baghdadiya News / .. confirmed to the Commission on oil and energy
parliamentary Monday that Iraq is about to implement a new strategy to
raise the roof produce and export oil through the current year through
the opening of more export channels and develop the infrastructure of
refineries and warehouses belonging to the Ministry of Oil.


Said committee member Susan Saad told / Baghdadiya News / that "Iraq
will raise the volume of oil exports according to a plan prepared in
advance, especially and he did not exceed the upper limit allowed for
amounts of raw source running through Buoy new that will necessary stops
export if the deterioration of the conditions of weather in ports.


" She said "Iraq's commitment to the amount of crude source is
determined by the extent of the commitment of the Kurdistan region to
the specified amount to him, calling on the provincial government to
comply with the instructions and agreements with the Federal Ministry of
Oil.

" The
Minister of Natural Resources in the Kurdistan region of Iraq Ashti
Hawrami announced negotiating with international companies to manage the
oil concession areas, as confirmed halt oil exports to Turkey due to
the drop in Baghdad and promises. LINK

[shredd] raise the roof

[player46] yes I loved that...

[shredd] this really ties into what we were just talking about

[player46] "Iraq will raise the volume of oil exports according to a plan prepared in advance,


[shredd] growing output of liquid gold far surpassing their greatest
ouput prior to the war and still have a worthless heritage, sovereign
currency?

[lightingcslt] of course not

[player46] no way..


[shredd] here's a good way to look at iraq's growth agains the
dinar, we have all this proof and so much more that iraq is growing in
wealth, infrastructure,and at this growing rate, the true value of what
the dinar COULD be at continues to grow respectively so, imo, we can
project that the longer the delay in starting the new exchange rate
regime the greater it will emerge, it's logical

[player46] I agree.... strongest in the world.. imo....


[shredd] what would really scare me all this time is if we had dry
bones of articles and statistics on iraq's growth' but we have just the
opposite they are growing, like bondlady says, in spite of themselves
so, even though we don't see the program rate change the fact is, the
real value is growing day by day


it's not like the country is waiting in its entirety for the dinar to
be tradable before they can grow, growth is happening and the dollar is
there

[bondLady]
you know when iraq was at peak production in saddam days it was 3 mbpd
(3 million barrels per day) they are already at 2.9 but i think they are
probably more

[shredd] yes, they are raising the roof


[bondLady] but i did see one month last year they did 3.2 mbpd when
they first started the floating dock i don't know if their counting that
one or not in the total

[shredd] yeah that was the number in my head, the 3.2...i was just looking for it


[lightingcslt] The U.S. is not the only nation experiencing a
renaissance in oil production. Sidelined for two decades by war,
sanctions and political instability, Iraq passed a critical milestone
last year by producing 3 million barrels a day of crude oil for the
first time since 1990, before the Persian Gulf War, reaching 3.4 million
barrels a day by December.

Given its access to
vast reserves at low costs, Baghdad is poised to play a pivotal role in
determining whether the world’s growing thirst for oil drives up fuel
prices to debilitating levels in coming years. LINK

[lightingcslt] dated feb 3 2013


[bondLady] see before, critical milestone last year by producing 3
million barrels a day of crude oil for the first time since 1990, before
the Persian Gulf War, reaching 3.4 million barrels a day by December,
so its saying they are at 3 mill now and before it was 3.4 and by
december 2013 they expect it to be 3.4

[lightingcslt] so basically they are there


[bondLady] but they bipassed the original best exports of 3 million ,
opec is stopping them for going nuts with it ie... like exporting 6
mbpd

[tlm724] yes opec regulates the amount any one supplier (country) can export to reduce market munipulation


[bondLady] yes they are only allowed a certain amount as all
countries are but thats where we see them building all these refineries
right now in iraq this way they will refine and store. they were
refining through turkey and shipping it back

[shredd] all good news and thanks

[lightingcslt] wow thank you BL

[player46] yes thank you BondLady

[tlm724] excellant as always BL thank you

[bondLady] thank you all

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And you wonder why she wont come here no more. I did't read 

 

anything that said rv. Only that the dinar was worth more than 

 

it is stated. Also have you not been reading the news today?

 

Banking laws being past, tariff law being implemented, the UN 

 

being satisfied with the Iraq/Kuwait relations , and now the Kurd's 

 

seemed to somehow overnight become satisfied with there oil

 

payments. So yea it sure seems like an rv is imminent. But you 

 

have the right to be depressed about all of this if you like. Just

 

remember you have to make the decision on your own to be

 

depressed or negative.   

Great post!

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More BondLady .......

 

 

 

[bondLady] I'd like to bring in my number one favorite article of the day

[tlm724] yes ma'am, please

[bondLady] can you say WTO?


Baghdad again the tariff law BAGHDAD - Naseer Goldfinch Tuesday,
February 26, 2013 Iraqi government decided to resume the tariff law in
the form of partial fear of sudden swings in the prices of goods in the
domestic market.

The Secretary General of the Council of
Ministers Ali Mohsen Keywords presided over the meeting Coordinating
Committee Supreme to follow government performance, which includes the
central bank governor Acting Prime BSA Basset Turki and head of the
General Administration of Customs Munther Abdul Amir and a number of
representatives of stakeholders that «Secretariat relay file border
crossings may impose a small fee on imported goods as a prelude to the
application of tariff on all ports.

Iraqi government decided
to resume the tariff law in the form of partial fear of sudden swings
in the prices of goods in the domestic market.
...
Read More Link On Right

 



Act 2010 Iraq acknowledged tariff law number 22 of 2010 and entered
into force on December 6 (December) of the same year, but the widespread
criticism has evolved into a popular demonstrations prevented the
government's commitment to the law and decided to wait.


Iraq stressed the need to remove obstacles in the face of investors in
the banking sector and customs system, stressing that the
non-completion of projects linked to the conditions and factors that
accompany customs systems and banks as well as the complications and
problems facing companies investing.


Turkish Turning to the main obstacles in the face of restructuring of
public banks and the inability of the private banks to achieve
development, stressing that the bank sought to register private
companies as the 1,200 companies were registered and recorded now 1,500
companies


Difficulties application Abdul Amir pointed out to «difficulties
applying tariffs because of the lack of a parking lot or customs
warehouses, expressing willingness of staff of the Commission to start
to apply after the training of more than 80 percent of the staff at
border crossing points.


The meeting agreed to hold another meeting next week to discuss
appropriate mechanisms to raise barriers applying the appropriate
options to arrange the financial and banking system, and the optimum
application of customs duties through recommendations submitted to the
Council of Ministers.


And supported the expert in the field of border crossings Arslan Salim
Abbasi law enforcement, saying it was the most prominent government
tools to organize trade policy and the protection of the domestic market
and the product.

He told «life» that the state has
the right to impose restrictions on the free flow of goods from abroad,
either by preventing the entry or by imposing fees.


And confirmed member of the Economic Commission parliamentary Nora
Salem اthat «no one objected to free trade, but there are other goals to
be achieved and to protect national industries and help them to stand
in the face of foreign industries and are not subjected the country to a
policy of dumping bad, as is happening now».


She added that the imposition of fees means revive domestic industry
unable to fully compete with imported exempt from any fees, which
encouraged producers to increase their interaction of trade with Iraq,
but to intervene in the internal political affairs by supporting actors
window to keep this law on hold, and support others to strike the
interests of competitors from other countries.


 It pointed out that it helps keep money within the country, the local
industry is providing the state the cost of imports and create jobs.

And
saw a member of the Economic Committee Nahida Daini that «the
application of these laws will pay the price of the Iraqi citizen
because the merchant cares only for profits and will resort to add fees
on the value of goods and put on the market.


Did not rule out the existence of pressures exerted by neighboring
countries, especially Iran and Turkey, to extend the freeze
implementation of these laws, as are considered Iraq market especially
for discharge Daúahma and a large part of which is of poor quality, and
this uncertain by adjusting large shipments of materials found to be
corrupt, such as meat and canned goods.


She: The value of foreign trade with Iran and Turkey exceed $ 25
billion, moved it to work hard to squeeze or find outlets across
parliamentarians and officials of non-application of any decision not in
their interest.

A spokesman for the Ministry of
Planning and Development Cooperation Abdul-Zahra al-Hindawi said in a
statement to Al-Hayat that the freezing of tariff law back to the
Ministry of Finance, and Customs Authority implemented. LINK             


[bondLady] Ministry of Planning and Development Cooperation
Abdul-Zahra al-Hindawi said in a statement to Al-Hayat that the freezing
of tariff law back to the Ministry of Finance, and Customs Authority
implemented.


[bondLady] Ruled out economic adviser in the cabinet peace Sumaisem a
negative repercussions on the local product if not applied tariff law,
stressing that the problems of increasing costs and the presence of
large numbers of redundant in the industrial sector will remain, even if
the support the national industry, which means it will remain unable,
now at least, to compete with foreign product

[bondLady] implemented ! bring on iraqs currency too ,tradeable world currency,internationally accepted !


almost there folks hang in there these are things on our check list
had to be done. rate change should happen too because i don't know how
their going to tax the people on 1166 unless theres something someone
else sees that i dont. their already mad about the life they have,take
more from there money? i don't know...

[tlm724] wow, you know there was an article that will go with this let me grab it

[bondLady] great thank you


[tlm724] Declared the presidency three resolutions signed by President
Jalal Talabani, issuing three laws are the Law of accession of the
Republic of Iraq to the statute of the Institute of Islamic countries
for Standardization and Metrology (thick), and the First Amendment to
the Law on the Ministry of Industry, and the First Amendment to the Law
of public roads.

And holds the first and second resolutions Date February 10 while carrying a resolution III Current Date February 17

According
to the reasons for the law first, "said the law was issued for the
purpose of promoting economic and trade cooperation between the members
of the Organization of the Islamic Conference and the easing of
restrictions on trade establishment of the Institute for Standards,
Metrology and preparing a system for issuing certificates to accelerate
the exchange of materials and manufactured goods and products, and to
achieve the interests of Iraq to increase the volume of trade exchange.  LINK


[tlm724] this quote "and the easing of restrictions on trade
establishment of the Institute for Standards, Metrology and preparing a
system for issuing certificates to accelerate the exchange of materials
and manufactured goods and products, and to achieve the interests of
Iraq to increase the volume of trade exchange."

[bondLady] yes, and they passed product protection too right?

[tlm724] yes

[bondLady] and they have slowed the imports which are all part of wto things

[tlm724] yes ma'am WTO requirements


[bondLady] for iraq to support its own economy with there own
agriculture, dairys, livestock and manufacturing. agriculture is taking
off big time which was most of their imports save the infrastructure
stuff like cement imports and building supplies but now they have begun
their own plants for those things

[tlm724] as well as minerals of all types

[bondLady] all good things for them and for us, looking good inspite of iraqs self

[tlm724] indeed !

Electricity Minister attend the meeting of the Council of Ministers and breaks the province and Iraqi ministers meeting


Published on Tuesday, February 26 / February 2013 12:59. | Written by:
BR-SA. BAGHDAD / obelisk: An official source in the Council of
Ministers, Tuesday, Electricity Minister Abdul Karim Aftan attended the
Council meeting and break the boycott and Iraqi ministers of the
ministerial meetings.


The source told "obelisk", "Electricity Minister Abdul Karim Aftan,
who belongs to the Iraqi List led by Iyad Allawi break the boycott list
ministers of the meetings of the Council of Ministers, and Tuesday to
join the Council meeting."


The source, who spoke on condition of anonymity that "there are other
ministers from the list expressed their willingness to attend the
meeting next Tuesday and end the boycott."


The Council of Ministers decided in (22 last January), granting
ministers who represent the Iraqi List, the Council, including Deputy
Prime Minister for Services Affairs Saleh al-Mutlaq compulsory leave for
a month, to dropping out of cabinet meetings, while the Prime Minister
decided commissioned ministers proxy for the management of ministries
left by ministers representing the Iraqi List, was renovated in the 24th
of the current month for another month.   LINK



[bondLady] allawi loses again as his ministers start to come back to
work and more to follow this electric minister's lead . also some of
the mps will be leaving the list soon. probably the ones coming back to
work. They are finally waking up and realizing all the harm allawi is
doing.

Vice chest accuse Maliki lure MPs from the Liberal bloc funds and armored cars to induce them to him

Haider Ali Jawad - 02/26/2013 - 12:46 pm


Accused Deputy Liberal parliamentary bloc of the Sadrist movement
leader of a coalition of state law, Prime Minister Nuri al-Maliki to
provide financial temptations Congress Liberal bloc in order to induce
them to him.

The MP
said Mohammad Reza al-Khafaji said "deputies of the State of Law
coalition have to work and seeking to win over some MPs of the Liberal
bloc and already have to give some promises and covenants has told MPs
that the chairmanship of the Commission's political bloc that someone
wants to pulling us we told them go and were briefed on the matter."


Khafaji said "Indeed there was a meeting between some MPs Liberal bloc
with the prime minister personally, who is the head of de facto
government, which owns everything and we found descends down into
decadence political

if you will / he said / and
offered them armored vehicles and protections and grants attractive as
those that had lured all MPs who unfortunately broke off from the bloc,
but the Liberal bloc and deputies rejected the offer of al-Maliki
personally, and now members are still there in the cluster. "


He Khafaji "We tell the owners are President of the Government and is
not appropriate, you should attract Representatives and is providing
inducements and grants them and what they offer from the temptations are
not of your own private, but is the people's money and the state and
you use them to your interests narrow partisan special." / He said /


The MP from the Sadrist movement that "it actually happened and the
Liberal bloc has aware of all what is happening and will happen in the
future  LINK


[bondLady] see where it says maliki is offering some of the
ministers armoured vehicles and grants if they will come back to work,
which some are saying he doesn't have the right to do that as its public
money, but seriously ..i'd have done it also if thats all it took for
them to do what they should have done for free. but this is a country
run on scratch my back and i'll scratch yours scenario, so whatever
works imo to get these laws done and passed and move progress forward
instead of stagnation

[sisterbreen] wow thank you !!!

[tlm724] awesome news thank you BondLady !!

[bondLady] things are looking good ! thank you all

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Here's an interesting idea, don't read it.  :eyebrows:  :confused2:

ReallY! Could not agree more. The negativity gets really old, really fast. Makes me wonder why some people are even here...they obviously don't believe in it. The obvious reason for their being here is that they get off on negativity and putting people down. Give me a break.

Edited by silas
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Thanks Thug, I for one enjoy anything you can find. And bondlady is always welcome in my books. It is very easy to get negitive sometimes, due to all the delays and misdirection of what is really going on. :shrug: Keep up the good work, for I don't have the time to track down all these post. :tiphat:

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   Bondlady Thanks for the article's and interpertations! And thank you Thug for bringing it over! Eventhough I get a brainache reading it all! The information is off the hook! also thanks too her staff for breaking the information down.........................! GO RV.............!

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