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BLC Administrators Chat Status Update 6/18/2013 DinarDailyUpdates?bg=330099&fg=FFFFFF&anim=1

BLC Administrators Chat Status Update 6/18/2013

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BLC Administrators Chat Status Update 6/18/2013 Empty BLC Administrators Chat Status Update 6/18/2013

Post by Ponee on Tue Jun 18, 2013 9:14 pm

[BondLady] player and timmy are gonna do a chat for you all

[tlm724] this chat is a status update

[player46] ok we are going to start with an art. out today that is very exciting.. here we go...

[player46] What have been agreed upon between Maliki and Barzani will be activated soon 18/06/2013 08:46:00 BAGHDAD / NINA / The leader figure of the Kurdistan Alliance MP, Mohsen al-Sadoun said: "The next few days will witness the activation of what has been agreed upon between the President of Kurdistan, Massoud Barzani and Prime Minister of the federal government, Nouri al-Maliki during his recent visit to Arbil." He told the National Iraqi News Agency / NINA / "The visit was important for the time and place and we consider Maliki's visit to the region and meeting with Barzani and have been achieved is a proof of the real positive desire of the two parties to resolve the outstanding issues between them." Sadoun added, "After forming the supervising central committee and other committees, what has been agreed upon will be activated in the next few days." The Prime Minister Nuri al-Maliki headed a regular session of the Council of Ministers in Arbil on Sunday of last week, and then met with the President of Kurdistan, Massoud Barzani./ End http://www.ninanews.com/english/News_Details.asp?ar95_VQ=GIHFEG

[tlm724] The next few days

[lightingcslt] holy...

[tlm724] so Barzani is returning the olive branch to Malaki and player will point the important part of this article


[player46] the activation of what has been agreed upon between ....next few days

[player46] "After forming the supervising central committee and other committees, what has been agreed upon will be activated in the next few days."

[tlm724] "two parties to resolve the outstanding issues between them".... so the outstanding issues were the 7 points of agreement Article 140 of the Constituation, the ratification of the oil and gas law, armies etc..it's very exciting to see this tremendous progress and potential peace among the Iraqi's and the key to all this action was the national meeting !

[player46] activation in the next few days is exciting.. BondLady posted an article today that tells us a lot about the pending important laws..

[lightingcslt] proof of the real positive desire of the two parties to resolve the outstanding issues between them

Basket of Laws Congress: Legislative final chapter will better than سابقاته in the passage of laws 18/6/2013 12:00 AM Expectations that are today's session consensual Baghdad Muhannad Abdul Wahab predicted Congress that holds the legislative term last signs of hope for the people to pass laws overdue and activate the work of the House of Representatives after being hit completely paralyzed by political conflicts faced over the chapters legislatures two years. are scheduled parliamentary session The first legislative term Last day to discuss a rangeof laws and agreed upon in order to break the political deadlock, especially after therecent meetings which brought together political leaders and opened the doors of dialogue between them. member of the National Alliance MP for the rule of law Ibrahim stirrup stressed that the parliamentary session will go important laws that will restore vital forthe work of the Council, which paralyzed the full result of political conflicts. said stirrup inan interview for "Center Brief for the Iraqi Media Network," that "the most important lawsthat are expected to be discussed and put to the vote the General Amnesty Law and Justice and Accountability, oil and gas and the criminalization of the Baath Party, as well as a range of important laws and different them that have not been agreed upon.
http://www.alsabaah.iq/ArticleShow.aspx?ID=48548

[player46] "the most important laws that are expected to be discussed and put to the vote the General Amnesty Law and Justice and Accountability, oil and gas and the criminalization of the Baath Party, as well as a range of important laws and different them that have not been agreed upon.

[tlm724] show the last sentence please player

[player46] "the oil and gas law is not the law of the province, but the law of theIraqi people, all housed in carries more than five important laws . "

[tlm724] more than five important laws

[tlm724] BondLady theres your pretty basket of laws

[BondLady] winks

[player46] Here is another art. BondLady posted today that addresses WTO and the tariffs

WTO Economist: activation of tariff and legal protection of the domestic product will enter Iraq for world trade 18-06-2013 10:34 AM Baghdad (news) .. Said economist Salem Daini, the importance of activating economic laws the task and that stimulate the national product as law tariff and protect the local product to contribute to enter Iraq to the World Trade Organization. said Daini (of the Agency news): The Iraq's accession to the WTO need to activate a set of economic laws that The legislation in the House of Representatives Kaltarifah customs and protect the national product and consumer protection and lawful competition and prevent monopoly. continued: that these laws will stimulate the productive sectors, especially the sectors of industrial and agricultural to provide products and national identity Iraq to the domestic market, and therefore, Iraq has fulfilled in one of the conditions of accession to the World Trade . added: that global trade has many advantages for the Iraqi economy in terms of ensuring Rhode good merchandise with international standards of the country and strengthen the relations of Iraq's economic and trade relations with various countries of the world, particularly member states of the Organization. http://www.ikhnews.com/index.php?page=article&id=88672

[tlm724] Said economist Salem Daini, the importance of activating economic laws the task and that stimulate the national product as law tariff and protect the local product to contribute to enter Iraq to the World Trade Organization

[tlm724] so if they do then... Iraq has fulfilled in one of the conditions of accession to the World Trade, getting closer to the WTO everyday, imo not going til 2015 . Pass those laws baby!!

[player46] and not to 2014 on tariffs imo..

[tlm724] agree player !

[BondLady] can I add something to this... when they open the budget fully not only do they have the money to pay out all the displaced people in article 140 to pay to move them and set them up in new digs but also within the budget is 25% percent oil profits to the people which needs finalization of the HCL

[player46] ty BondLady ! back to art. IV..

Article IV: Obligations Regarding Exchange Arrangements just adding for IMF article 4 conclusion of consultation Section 1. General obligations of members Recognizing that the essential purpose of the international monetary system is to provide a framework that facilitates the exchange of goods, services, and capital among countries, and that sustains sound economic growth, and that a principal objective is the continuing development of the orderly underlying conditions that are necessary for financial and economic stability, each member undertakes to collaborate with the Fund and other members to assure orderly exchange arrangements and to promote a stable system of exchange rates. In particular, each member shall: (i) endeavor to direct its economic and financial policies toward the objective of fostering orderly economic growth with reasonable price stability, with due regard to its circumstances; (ii) seek to promote stability by fostering orderly underlying economic and financial conditions and a monetary system that does not tend to produce erratic disruptions; (iii) avoid manipulating exchange rates or the international monetary system in order to prevent effective balance of payments adjustment or to gain an unfair competitive advantage over other members; and (iv) follow exchange policies compatible with the undertakings under this Section
http://www.imf.org/exter ··· htm#art8

[tlm724] so remember the IMF concluded their consultation with Iraq on article 4 ? so to me that means the IMF was happy regarding the requirements article 4 and now I ask myself this, how can the IMF be happy with the current state of the monetray situation in Iraq, they are working hard on it but really they have a few things to do yet so is the IMF happy about the near future restructuring of the currency / monetary reform ? They must be to end the consultations...

[lightingcslt] tlm724 because i beleive its all done and the imf knows it

[player46] In the consultation assessment, IMF tells Iraq what is expected of them. and I will show you...

Directors supported the objective of the Central Bank of Iraq (CBI) to liberalize the foreign exchange market and the recent steps to simplify market regulations. Further measures are needed to liberalize fully the supply of foreign currency, with the objective of lowering the exchange rate spread, removing distortions, and complying with Article VIII of the Fund’s Articles of Agreement.

[lightingcslt] wow! of lowering the exchange rate spread

[player46] so that is pretty clear and IMO we are approching the final steps..

[player46] The importance of art. VIII is in the following:

Section 4. Convertibility of foreign-held balances (a) Each member shall buy balances of its currency held by another member if the latter, in requesting the purchase, represents: (i) that the balances to be bought have been recently acquired as a result of current transactions; or (ii) that their conversion is needed for making payments for current transactions.

[player46] a convertible currency: Definition of 'Convertible Currency' A currency that can be readily bought or sold without government restrictions, in order to purchase another currency. A convertible currency is a liquid instrument when compared to currencies tightly controlled by a central bank or other regulating authority.

[tlm724] without government restrictions

[tlm724] makes us see how much more the release from Chapter 7 of the UNSC plays a role here. Iraq is breaking the chains of all sanctions and restrictions both in their governing and in their currency reform ! player bring it on home and ty !

[player46] YES!!! so we are very excited to see all the pieces fit together. Thank you for your patience... we are close imo..


[lightingcslt] so there you have it folks iraq will be all grown up at the end of this month

[BondLady] I will add this

Kurdish lawmaker: Barzani to visit Baghdad at the end of this month to discuss mechanisms to get out of the current crisis Published 18/06/2013 12:29 AM Babinaoz - Agencies : A member of the Kurdish list in the Iraqi Council of Representatives for a planned visit will be conducted by Massoud Barzani, President of Kurdistan Region, to Baghdad for talks with Iraqi political parties in the forefront of a coalition of state law, led by Nuri al-Maliki, the Iraqi prime minister, to resolve the current political crisis in Iraq . http://www.babnews.com/inp/view.asp?ID=67138

[BondLady] goes with what player said

[player46] oh yes I see... ty that coincides with Chap. 7..

[tlm724] the end of the month seems pretty darn exciting !!

[BondLady] also this line.. but only MP longings Dry possible to call by saying that «schedule these visits and its authorization of the terms of reference for the presidency of the region, and will not get into these topics that is a presidential affair

[BondLady] this is a presidentual affair not all are needed or wanted

[player46] wow... nice

[BondLady] i likey that

[player46] me too... woot..

[tlm724] me too , keep it simple

[BondLady] too many mouths over there in all this stuff as it is

[BondLady] good chat you 2 keep up the awesome work

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Post by Kevind53 on Tue Jun 18, 2013 9:41 pm

BLC Administrators Chat Status Update 6/18/2013 1150991001

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