Text of the draft law the federal budget as the final amended

[carlablum]

Text of the draft law the federal budget as the final amended

PUKmedia Baghdad: 12/25/2010 09:25:42

Bill the federal budget of the Republic of Iraq for fiscal 2011, as amended, the final preparation for submission to the Parliament for a vote. The bill provides that the estimated revenues of the federal budget for the financial year / 2011 of $ (78.705.237.500.000) JD (Seventy-eight thousand seven hundred and five billion two hundred and thirty-seven million five hundred thousand dinars), according to the main accounts.

The project also provides for the calculation of income resulting from export of crude oil based on the average price of $ (73) dollars per barrel and the rate of export of (2.25 million) barrels per day from (150000) barrels per day from the revenues from export of crude oil through the territory of Kurdistan.

The project is also to be bound by the ministries and departments not associated with the Ministry to register the "Closer" all sums cash grants that get under agreements with governments or foreign institutions, and the mind income once and for all the public treasury of the Federal and the Federal Ministry of Finance re-allocated to the purposes for which the stated purpose and in coordination with the Ministry of Planning Federation.

And requires the project to restrict all amounts of cash contributions that you get the ministries and departments not associated with the Ministry and governorates not organized province after the acceptance of the Council of Ministers if they are from foreign sources and from the Minister of Finance of the Federal to the Federal Minister of Finance allocated credits from the ministry or others associated with the Ministry of the exchange in accordance with for the purposes for which awarded.

And below the full text of the draft:

Text of the draft General Budget Law of the Federal Republic of Iraq for the Financial Year 2011

Council of Ministers Resolution No. (425) for the year 2010

Building on what has been agreed upon during the meeting of the Council of Ministers, and introduced by the Ministry of Finance under a number of her book (1020), dated 25/11/2010

Cabinet decided in its meeting the forty-seventh regular session held on 30.11.2010 as follows:

Approval of the draft General Budget Law of the Federal Republic of Iraq for the financial year / 2011 final as amended, and referred to the House of Representatives on the basis of the provisions of Article (61 / item I) of the Constitution

General Budget Law of the Federal Republic of Iraq for the financial year / 2011

((Chapter I))

- Revenue -

Article 1 - First ": A - estimated revenues of the federal budget for the financial year / 2011 of $ (78,705,237,500,000) JD (Seventy-eight thousand seven hundred and five billion two hundred and thirty-seven million five hundred thousand dinars), as shown in (Table / A - income according to the main accounts ) attached to this law.

B - calculation of income resulting from export of crude oil based on the average price of $ (73) dollars per barrel and the rate of export of (2.25 million) barrels per day (two million two hundred and fifty thousand barrels per day) of (150000) barrels per day (one hundred and fifty thousand barrels per day) for revenues from export of crude oil through the territory of Kurdistan and to compel the region to transfer income from that to fund the reconstruction of Iraq DFI after deducting a percentage of (5%) of compensation for the Kuwait war, or any percentage determined by the Security Council and paid to the United Nations and at the non-payment will be deducted funds from the region's share of 17%.

Secondly: "committed to the ministries and departments not associated with the Ministry to register all amounts of cash grants that get under agreements with governments or institutions of foreign income once and for all the public treasury of the Federal and the Federal Ministry of Finance re-allocated to the purposes for which the stated purpose and in coordination with the Federal Ministry of Planning

III: "that all amounts cash contributions that you get the ministries and departments not associated with the Ministry and governorates not organized province after the acceptance of the Council of Ministers if they are from foreign sources and from the Minister of Finance of the Federal to the Federal Minister of Finance for allocation of funds the ministry or the third party related to the Ministry of the exchange in accordance with the purposes for which given.

IV ": restrict all grants and contributions in kind received by the ministries, the ministries and departments not associated with the Ministry and governorates not organized province after the approval of the Council of Ministers if they are from foreign sources and of the Federal Minister of Finance if they are from national sources in the records of the ministry or organization is not related to the Ministry or the preservation of to take over the use and purposes for which they were given.

": aggregated approval of the Federal Minister of Finance to accept grants or donations made by the governments and institutions of foreign ministers and departments not associated with the Ministry in the form of technical assistance and preparation of studies or designs and others that are under Okiemha speculative in the records of the ministry or organization is not related to the Ministry or the preservation of relevant

((Chapter II))

-- Expenses and disability -

Article 2, first "expenses:

The sum of $ (9298058297000) dinars for the expenses of the fiscal year 2011 distributed according to (field 3 Total expenditure) (Table expenditure by ministries

attached to this law.

أA - the amount of $ (28957957804000) dinars for the expenses of the investment projects distributed according to the field (2 expenses of investment projects) of (b Expenditure Schedule by ministries) attached to this law.

B - The amount of $ (000 64022625166) dinars for current expenditures in the following manner:

1- Defense and security spending (000 13520645222) thousand dinars

2 - compensation expenses and debt (000 6484152315) JD

3- for support to social sectors (000 12562258720) JD

4- support the expenses of public companies and self-funded bodies (000 (2,485,669,374 dinars

5- sectoral expenditures

A - Agricultural (000 493861096) JD

B - Industrial and Energy (3642287836000) JD

T - Transport and Communications (234263055000) JD

W - construction, housing and services (211323907000) JD

C - Education (7879075180000) JD

the expenses of ministries and other public administrations (14,609,088,461,000) dinars, according to details provided in accordance with field

1- Operating Expenses table to expenditure by ministries attached to this law.

C - The sum of (250000000000) JD contingency reserve within the provisions of other expenses to balance the Federal Ministry of Finance out of assignments listed in paragraph (I -

The expenditures referred to above.

D - allocation of $ (2657256000000) dinars for reconstruction and development projects, regions and governorates of the Kurdistan Region Dmtha out assignments referred to in paragraph (I - a) above is distributed as follows

A - According to the hearts of each province

B - according to Mahromep that does not disrupt the distribution by the souls of all the counties and implemented as follows:

1. - Governor offers plan reconstruction of the province, districts and areas affiliated ratified by the provincial council to the Ministry of Planning for the purpose of the study and approved to be taken into account the most affected areas within the province.

The governor approved the implementation of the reconstruction plan and Council shall maintain responsibility of monitoring implementation.

E - The sum (1633788000000) dinars to the provinces is equivalent to one dollar for every barrel of crude oil producer in the province and one dollar for every barrel of crude oil refined in the refineries of the province and one dollar for every 150 cubic meters a product of natural gas in the province is distributed according to the production of each province and that the accounting adjustments are made after being examined by the Office of Financial Supervision.

II "disability

A - The total planned deficit for the federal public budget for the fiscal year (000201114275345470) dinars, and covers the shortfall of cash retained from the Federal budget for the year 2010 and the internal and external borrowing.

B - authorizes the Federal Minister of Finance the power to continue to borrow from the International Monetary Fund which complements the sum of (5.4) billion U.S. dollars, including the World Bank complements the amount of (2) billion dollars in the year 2011, using the special drawing rights of up to SDR (8.1) billion dollars to cover the expected budget deficit of the federal public in addition to domestic borrowing by the treasury transfers.

C - as well as finance the deficit of the loan amount of $ (500) million dollars granted to the Oil Ministry by the British oil company.

((Chapter III))

General and Final Provisions -

Article 3 -

Limits the exchange of key appropriations accounts (grants, subsidies, other expenses, and expenses of capital projects) approved in the general budget of the Federal Republic of Iraq by the competent minister or head of the body is associated with the province in the light of provisions within the annual budget.

Article 4 -

Federal Minister of Finance the power to make transfers between appropriation budget of the Federal Republic of Iraq ratified in the general budget of the Federal annual and supplementary to the level of doors and partitions and accounts principal and subsidiary and has authorized ministers and heads of departments not related to the Ministry, governors and heads of provincial councils is associated with the province the power to make transfers between the appropriation of federal budget of the Republic of Iraq ratified in the federal budget the annual or supplementary rate not exceeding (10%) of the unit of exchange for the unity of other exchange that is reducing the allocations with the exception of appropriation of investment projects, taking into account the provisions of paragraph (8) of section (9) of the Financial Administration Act and religion No. (95) for the year April 2004 that are not transfers of allocations of the expenses of capital projects to operating expenses are not allocations of non-financial assets to an article of salaries and operating expenses.

Article 5 -

Council of Ministers amounts approved for use (the contingency reserve), as set forth in item (I "- c) of Article (2) of this Act for the payment of incidental expenses and unexpected after the depletion of the law and the urgent need for domestic spending and the absence of the allocation to cover this need.

Article - 6 -

First: Do not use the approved appropriations in this Act to 30 / December of the fiscal year / 2011 and an affiliate Income earned up to 31/12/2011 and received after the end of fiscal year 2011 revenue "for the federal public budget for fiscal year 2012.

Article 7 -

Is calculated by amount of grants and subsidies are not used funds allocated to government departments and public sector companies the end of fiscal year 2010 in accordance with Accounting Standards are used to calculate the final exchange and the amounts paid in excess along these lines down payment at the expense of the grant allocated to the department or unit in the fiscal year / 2011

Article - 8 -

To the competent Federal Minister and heads of departments not related to the Ministry and the provincial governors and heads of the power exchange in the light of the approved allocations within the annual Moisnthm and authorize the heads of departments of his ministry or organization is not related to the Ministry the power exchange in whole or in part, according to the following:

First ": that is the exchange according to the" appropriation approved in the federal budget and the annual or supplementary purposes specified.

II ": that is the use of funds allocated in the federal budget under the spending plan approved by the Federal Minister of Finance.

III: compliance with the appropriations allocated in the federal budget under the spending plan approved by the Federal Minister of Finance.

IV ": compliance with the appropriations allocated in the budget in the federal budget may not enter into a commitment to certifying more than what is intended in the federal budget

Article 9 -

First: "The ministries and government departments all Federal accounts monthly (trial balances) at a date not exceeding (10 days) from the end of each month to the Federal Ministry of Finance and Accounting Service

Second: may not make any transfers within the allocations (reconstruction and development projects, regions and provinces) between the provinces

Article -10 -

Federal Minister of Finance in coordination with the Minister of Planning, Federal transfers approved allocations for investment projects contained in the federal budget for the year / 2011 which have not been accounted for (25%) of the allocations for each project within six months from the adoption of the budget that do not affect the obligations of the executed contract, and convert them to other projects and are excluded from projects that did not start the execution of the imperative reasons of security

Article -11 -

First: "When you move the employee from the Department of State services centrally funded" or self "to the private sector bear the Federal Ministry of Finance, who received half his salary of the transferee circuit, including two years as" the date of the move to cut its relationship to his constituency final "

The Department transferred the employee, regardless half of the salary provided for in paragraph (I") of this article to a transferred to the private sector

Article - 12 -

Authorizes the Minister of Municipalities and Public Works the power to make federal transfers between budget allocations by the municipal self-financing to maintain the one to deliver the required services

Article -13 -

17%) First: set quotas governorates not organized in a district in proportion to population of the total expenditures shown in the table (table / d expenditures ruling) attached to this law, after excluding the Kurdistan Region's share of $ (17%)

the share of the Kurdistan Region (17%) of the total expenditures shown in (Table / d - expenditure of the ruling) attached to this law that does not dispose of these share only after consultation and coordination between the concerned ministry in the federal government and the concerned ministry in the Kurdistan Region

III: "The proportion (17%) of total operational costs and expenses of the investment projects of the general budget of the Federal Republic of Iraq ratified the Kurdistan region after excluding expenses of the sovereign (the House of Representatives, and the Presidency, the Council of Ministers, the Ministry of Foreign Affairs, Ministry of Defence, wage negotiations and claims legal debts, costs for auditing and follow-up and the pursuit of money overseas, costs for auditing firm (Ernst & Young) and the Committee of Financial Experts, contribute to the cost of producing crude oil source, including contracts for foreign companies executing the Kurdistan Region, interest on foreign loans, interest on the bonds, money orders the public treasury, the benefits of bonds to turn off the external debt of the private sector, the amounts of contributions of Arab and international levels, amounts of compensation the Kuwait war, the operational expenses of travel and Nationality Directorate and the leadership of the border forces, debt settlement abroad, the benefits of the restructuring of foreign debt under the Paris Club countries and countries outside the Paris Club, Paid transfer of crude oil exported via Turkey, premiums bilateral agreements with Paris Club countries and countries outside the Paris Club and the investment projects of foreign oil companies).

When you get an increase or decrease in the total budget expenditures of the federal public add or reduce the share of the Kurdistan Region proportionally" with the increase and decrease the budget of the Kurdistan Region, taking into account the provisions of item (II ") of this Article, including adjustments to the expenditures of sovereign sovereign expenditure transfers to public expenditure, the same proportion mentioned above.

The Prime Minister agreed with the Federal President of Kurdistan Region on expenses (salaries, armament, and equipment) for the Regional Guard forces in line with the Constitution and the payment of advances agreed to cover it until the law governing the issuance of benefits and payment.

Article -14 -

First "- a - the Federal Office of Financial Supervision in coordination and cooperation with the Office of Financial Supervision of the Kurdistan Region calculate and determine federal income obtained in the region this year and the Ministry of Finance in the region by turning to the Federal Ministry of Finance monthly.

B - is the settlement of dues between the Kurdistan Region and the federal government for the years (2004 to 2010) and subsequent years have yet audited by the Office of Financial Supervision Federal coordination and cooperation with the Office of Financial Supervision of the Kurdistan Region.

II ": when you do not pay federal income withdrawn to the Public Treasury and the Federal Ministry of Finance to deduct the federal quota under paragraph (a) of item (i) of this Article, the equivalent of the planned income in the federal budget and settlement calculations are later."

III: "The Ministry of Finance to deduct the federal amounts of damage caused by the region or province as a result of not allowing the use of airspace of the Republic of Iraq for the mobile phone companies approved by the Federal Government share of the region or province and funding, specifically from income derived from permits and fees for mobile phone.

The Ministry of the Federal Oil identify the damage caused by any act on the result of crude oil extracted for the purpose of export and domestic consumption.

المادة 15- Article 15 -

Be reconsidered in the share of the Kurdistan Region and the governorates that are not regular province in the federal budget for 2011 and beyond in the light of the results of the census and the census for the year 2011 and to be in the light of determining the amount to the real share of the region or province irregular region in the federal budget for the year 2011 and view the teams Federal Council of Ministers for settlement.

Article 16 -

First: that all revenue departments centrally funded "income" final "to the public treasury of the State and Federal are shown in the balance of the audit.

II ": an exception to the rule of first item of the Federal Minister of Finance to add the monthly amounts of revenue generated by departments and the Federal Ministry of Health budget to the Ministry.

Article - 17 -

Shift all of the income of the Communications and Information to the Federal Treasury's account of the state and holds the Federal Ministry of Finance allocated a budget for the body of imports that receive it.

Article -18 -

Committed to the federal ministries and departments not associated with the Ministry of the table / c the number of manpower for the ministries and departments centrally funded for 2011 annexed to this Law and the Federal Minister of Finance the power development ministries.

Article -19 -

Take into account the equitable distribution of loans provided to the Federal Government to the regions and governorates of Iraq and in proportion to its population, after taking into account the strategic projects funded by these loans exclusively. "

Article -20 -

First ": the ministries and departments not associated with the Ministry prior coordination with the provincial councils and the selection of projects.

Second, the Federal Ministry mandated to maintain the implementation of investment projects and ad hoc balancing belonging to that province.

"to maintain the mandate of any of the ministries or by the Federal jurisdiction for the implementation of investment projects in that province at the expense of allocations (reconstruction and development of regions and provinces) allocated to them.

Article -21 -

Are the three presidencies controls for the disbursement of social benefits in coordination with the Federal Ministry of Finance and the Office of Financial Supervision Federal and that being the exchange in accordance with the provisions of Article (29) of the Code of Federal budget for fiscal year 2008 (No. 20) for the year 2008, pending the issuance of these regulations and approved by the Council of Ministers .

Article -22

First ": Federal Minister of Finance to secure the financial allocations for employees in companies and public bodies self-funded," which will be developed grades them as a result of the transfer of services to the staffing services centrally funded in accordance with Article (18) of this law to cover the needs of staff.

II ": the federal ministries all off appointments within the staffing profiles of its public corporations and bodies of self-funded, which receive a grant from the Treasury, Federal Public of the State or loans from government banks to delete the grades within the vocabulary of staffing agencies throughout the search when it became vacant due to transfer or referral to retirement, resignation or death.

Article 23 -

First: 20% deducted from the salaries of the President of the Council of Representatives and his deputies and the President of Alljmhorip and his deputies and the Prime Minister and his deputies.

II ": deduct the proportion (10%) of the salaries of the Supreme Judicial Council and his deputies and members of the House of Representatives, Ministers and Badrjtahm and receive a salary of the Secretary and who are the rank of Undersecretary of the Ministry, consultants and owners of class special and general managers and Badrjtahm and workers in the House of Representatives and the Presidency of the Republic and the Council of Ministers (prime minister / Secretariat of the Council of Ministers / Council for National Security / Office of the Adjutant General of the Armed Forces / Iraqi National Intelligence Service / National Authority for Investment).

Article -24 -

First: "The ministries and government departments all Federal accounts monthly (trial balances) at a date not exceeding (10 days) from the end of each month to the Federal Ministry of Finance - Accounting.

Second: may not make any transfers within the allocations of reconstruction and development projects between the regions and provinces nationwide.

Article -25 -

First ": Federal Minister of Finance re-allocation of the approved amounts in the federal budget for the year 2010 for the purposes of investment projects of the ministries and departments not associated with the Ministry and development projects and accelerate the reconstruction of the provinces and Marshes and projects petrodollars and is disbursed to the allocations exclusively to the beneficiary paid during the year 2011 for completion of investment projects Astnaoua from the provisions of Section IV / A of the Financial Administration Act, public debt, No. 95 of 2004.

Second. "Federal Minister of Finance allocations for amounts equation (1) a dollar for every barrel of crude oil producer in the province, or one dollar crude oil refined in the refineries of the province and one dollar for every 150 cubic meters a product of natural gas in the province of dues to maintain the 2010 which are not included in the budget for the year mentioned above for the cause of the delay in sending the new projects by the province concerned to the Ministry of Planning as the rights acquired and payable to the province.

Article 26 -

The Council of Ministers to prepare a law regulating the cadres and the salaries of employees of the House of Representatives and the Presidency of the Republic and the prime minister.

Article 27 -

Rental prevent private aircraft is absolutely at the expense of the State of all contacts with the exception of the three presidencies.

Article 28 -

Not more than monetary rewards or in-kind granted to staff a million dinars per year per person and non-working to meet the service rendered to the ministry or organization is not related to the Ministry and within the approved budget allocations and competent in accordance with instructions issued by the Federal Ministry of Finance.

Article 29 -Referred to the head of the spending unit to investigate the lists according to legal regulations in force and which fails to submit the final accounts for the year 2010 for his constituency after the law takes effect on the date specified in the law of financial management and public debt, number 95 for the year 2004.

اArticle 30 -اFirst: The Broken any decision contrary to this law and to tolerate the public treasury of any Federal financial burdens of this decision unless they acquire the legitimacy of legal and approved by the House of Representatives.

Second: provide financial bills by the Council of Ministers to the House of Representatives and carries out retroactively.

Article 31 - Committed to public companies take into account the provisions of section (8) of the Financial Administration Act and the public debt (No. 95) for the year 2004.

Article 32 - Obliges the ministries of electricity, telecommunications, municipal and public works of the Federal and the Municipality of Baghdad and municipalities in the provinces to activate the collection of wages, electricity and telephone, water and sewage from citizens and business owners, factories, government agencies and the public sector and others for the purpose of increasing their own resources and reduce dependence on the federal budget.

Article 33 -ع The federal ministries and departments not enough related to the Ministry and the provinces to buy from the public sector taking into account the competition in price and quality, in addition to dealing with the Ministry of Transport and the national carrier.

Article 34 -Non-funding of public companies, self-funded by the federal budget and the possibility of the companies mentioned borrowing from government banks in accordance with the Companies Act No. 22 of 1997, after submission of feasibility studies with the exception of the directorates of the Ministry of the Federal Electricity companies and Federal Ministry of Agriculture and companies mic that was attached to the Ministries of Defence and industry and minerals federated and the General Company of Railways of the Iraqi Ministry of Transport, self-funded.

Article 35 -تعIndeterminacy in any leadership positions (general manager and above) unless there is a degree in law ministry and the organizational structure according to the law of the ministry or organization is not related to the Ministry.

Article 36 -The concerned minister or head of the body is related to the Ministry referring staff redundant who have a service pension of not less than 15 years nor less than the age of fifty years to retirement.

Article 37 -Require ministries and departments not associated with the Ministry and all other official bodies do not bear the expenses of sending its members on visits to look at and watch and organize Alaivadat to attend conferences, seminars and workshops, group and meetings under the instructions issued by the Council of Ministers at the suggestion of the Ministry of Finance and the Secretariat of the Council of Ministers.

Article 38 -

First: are exempt from all goods and goods imported by government departments and the public sector and for use in its name.

Second: The above exemption of goods and imported goods to government departments and public sector, governments and donor institutions.

ال Article 39 -يق The Central Bank of Iraq with a loan of $ 5 billion dollars to support programs and projects of the federal budget for 2010 according to the terms and schedule determined by the Bank mentioned in coordination with the Council of Ministers for the purpose of payment and that the Council of Ministers to add the equivalent of the projects and programs within the budget of a federal of 20 100

Article 40 -Ministers and heads of departments not related to the Ministry, governors and heads of local councils, municipalities and concerned to implement this law.

Article 41 -

The Federal Minister of Finance to issue necessary instructions to facilitate the implementation of the provisions of this law.

الArticle 42 -

This law shall be published in the Official Gazette and implemented as of January 1, 2011.

http://translate.goo....ate.google.com

Edited December 26, 2010 by carlablum

[Shylmysten]

2 - compensation expenses and debt (000 6484152315) JD

3- for support to social sectors (000 12562258720) JD

4- support the expenses of public companies and self-funded bodies (000 (2,485,669,374 dinars

5- sectoral expenditures

A - Agricultural (000 493861096) JD

B - Industrial and Energy (3642287836000) JD

T - Transport and Communications (234263055000) JD

W - construction, housing and services (211323907000) JD

C - Education (7879075180000) JD

Um, note the JD on the end? Wasn't this in the article about the new currency class? A class of 100 JD dinars?

Would this then be a confirmation of a new currency class in the works is true?

[iqdheadlines]

So is this the 3rd and final reading of the budget?

[carlablum]

Can someone tell me what the diferent dinars are? Maybe it's just me but I don't recognize a couple of them.

Thanks in advance!

Carla

Edited December 26, 2010 by carlablum

[easyrider]

wow those look like lower denom notes could it be? It sure looks like it.

[Loggerjohn]

Sorry if this is a stupid question, but does that mean that it has now been read 3 times and approved? It also says it will be implemented January 1, 2011, not that it is not approved yet. I am hoping it is approved and will open the door for an RV SOON!!!!!

A previous post by patriotic party girl has text at the bottom stating that it will be published in the Official Gazette and implemented January 1, 2011.this is why asked the question I did. Any ideas?

Edited December 26, 2010 by Loggerjohn

[FishMan1969]

So, Why is this amended budget referencing JD throughout the whole thing...?????

Jordanian Dinar code is JOD and 1 JOD = $1.41

But a 2008 Iraqi article also refers to JD as Jordanian Dinar... so JD could be JOD..... (Just saying).

example:

Prices of cooking gas in Jordan suddenly increased from 4 JD to 6.5 JD (1 JD = 1729 Iraqi dinar or $1.41) per tube, while fuel gas, which is used for heating purposes, moved upwardly from 0.315 JD to 0.555 JD per litter. LINK: http://en.aswataliraq.info/?p=69278 Feb, 2008

After each value in the draft budget, the symbol JD appears.

IS this any indication of the use of the JD rate of $1.41 in some weird code way?

Scooter has pointed out in past presentations that the Bahrain Dinar was used in previous documents as perhaps a coded number as well.

I have never seen the JD in this budget draft until this one presented by carlablum.

Thanks for the post.

[bigrocks85]

great post thanks

[Shylmysten]

So, Why is this amended budget referencing JD throughout the whole thing...?????

Jordanian Dinar code is JOD and 1 JOD = $1.41

But a 2008 Iraqi article also refers to JD as Jordanian Dinar... so JD could be JOD..... (Just saying).

example:

Prices of cooking gas in Jordan suddenly increased from 4 JD to 6.5 JD (1 JD = 1729 Iraqi dinar or $1.41) per tube, while fuel gas, which is used for heating purposes, moved upwardly from 0.315 JD to 0.555 JD per litter. LINK: http://en.aswataliraq.info/?p=69278 Feb, 2008

After each value in the draft budget, the symbol JD appears.

IS this any indication of the use of the JD rate of $1.41 in some weird code way?

Scooter has pointed out in past presentations that the Bahrain Dinar was used in previous documents as perhaps a coded number as well.

I have never seen the JD in this budget draft until this one presented by carlablum.

Thanks for the post.

Fishman, I swear I read on article on this site, within the past week, about, the new currency class and it was referencing a new currency class of 100 JD. I have looked all night for the article and I cannot find the darn thing, but I know I read it right here in this section. This is driving me nuts!!

[hopefullbk]

Fishman, I swear I read on article on this site, within the past week, about, the new currency class and it was referencing a new currency class of 100 JD. I have looked all night for the article and I cannot find the darn thing, but I know I read it right here in this section. This is driving me nuts!!

do you mean the new class of 100,000 notes that Salih/Saleh published last week?

[FishMan1969]

If they are insinuating JD is Jordanian Dinar Values.....

This would mean the purchasing power would be 1.41 times each number presented in this budget in USD..

Example:

If 1,000,000.00 JD is allocated in their budget for toothbrushes, that would be 1,410,000,000.00 USD worth of imported toothbrushes. (and their dental care should improve )

So the purchasing power of these numbers is much greater than the numbers presented in the budget, especially for the investment portion of the budget.

Just my 2 cents for today...

http://www.xe.com/ucc/convert.cgi?Amount=100000000&From=JOD&To=USD&image.x=44&image.y=12ℑ=Submit

[BamBam]

Jurist Doctorate, or Juvenial Delinquent! LOL!!

[MovieMaker]

Carla, thanks for the post