Clare: Parliamentary Finance comments on the decision to install contracts within the Food Security Law
16th June, 2022
Today, Thursday, the Parliamentary Finance Committee commented on the decision of the Council of Ministers yesterday regarding the confirmation of contractors within the Food Security Law.
Committee member Nazim al-Shibli said in an exclusive interview with "Mawazine News", "The allocation that was put forward in the Food Security Law was to improve the reality of the lecturers' situation and transfer them to a higher degree, as well as 315 contracts and also for contracts whose conditions are met by the stabilization mechanism to improve the economic reality for all groups."
He added, "The Food Security Law included voting on 1,000 contract degrees for each governorate, and the application of these paragraphs belongs to the Ministry of Finance for the benefit of our children."
Petra: I asked Clare to please re-post this from yesterdays' thread as I believe it carries some good information from our study as this clearly is another one of those "I'm talking about "A" but then throwing a little bit of "B" into the conversation.
So the first statement is direct discussing the Finance Committee commenting on the COM's confirmation of "Contractors within the FSL" OK? No harm no foul. But this is where it gets interesting and I will pull their quote:
""The allocation that was put forward in the Food Security Law was to improve the reality of the lecturers' situation and transfer them to a higher degree,"
Ok. So we are talking about "A" here as that was the title of the article. But then....here comes "B"....
as well as 315 contracts and also for contracts whose conditions are met by the stabilization mechanism to improve the economic reality for all groups."
What mechanism??? Stabilization mechanism (THE RATE) to improve the reality for ALL GROUPS!!! IMO
So, what does this have to do with today's study! Everything IMO. The EFSL is marching down a time controlled track. And, we do not know if Saleh has signed the law or not. Regardless, we are all in agreement that it becomes law 15 days from the vote.
So why has he not signed it? Because of what I just posted. PM K and THE COM needed time to review all the contracts to insure when the deployment deadline hits...the EFSL can handle all the contracts, the CBI can defend the rate globally, And the secondary markets are protected as they begin to develop the Iraqi infrastructure.
Not a stretch here folks but good stuff to consider.....carry on......AND STAY THE COURSE!!!!!! PETRA
Tivon: Wowwwwwwwwwwwwwwwwwwwwww. Petra, Where have you been all week? This is a mic drop post here.
Hakim Al-Zamili (First Deputy) stated a couple of times that the EFSL Stabilizes all Contracts & Procedures. Mazhar Muhammad Saleh (Financial Advisor) also stated that the EFSL will "Move The Wheels of The Economy". You couldn't make more sense if you tried. Al-Tamimi (Legal Expert) said the EFSL will enter implementation after 15 days regardless of any signature by the President of The Republic.
How do you improve the economic reality for all groups without them having "Purchasing Power"? How do you do this without activation of the ATMs? Also the contracts in the EFSL are in Iraq's control.
To be honest even if they approve the 2022 Budget the Kurdistan region still doesn't have their 12% share in that either. How do you revitalize the economy without releasing the exchange rate? This is what's in the EFSL edict and outline from the Parliament of Finance.
People need to take the time to re-read the last few threads. This post from you is a culmination of everything me and Militia-Man have been trying to get across. I tip my hat to you sir. Thank you imparting your wisdom upon us this evening. IMO
MilitiaMan: We have had many a back and forth of late on so many topics. Petra, was fixed on this one yesterday and the mechanism to improve the economic reality of all groups is an obvious. It is the exchange rate. Tie that in with the the exposure of the SNCNs by the CBI, the new ATMs that recycle currency, the education on stamps and coins with historic value, we can clearly see that the process has that time stamp on it. The EFSL has a backwall if not signed of 15 days. The law was voted on 06/08/2022..The Gazette publishes on Wednesdays and Saturdays.. Very good stuff Petra and Tivon.. Thank you both for all the hard work.. I too much appreciate you both! ~ MM