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Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

Many Topics Including The Oldest Dinar Community. Copyright © 2006-2020


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Proven
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azareus
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    Meeting soon between the federal government and the provincial government

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    • Post n°1

    Meeting soon between the federal government and the provincial government - Page 2 Empty Meeting soon between the federal government and the provincial government

    Post by day dreamer Sun 27 Dec 2015, 1:38 am

    First topic message reminder :

    Meeting soon between the federal government and the provincial government
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    [size=32](Voice of Iraq) – Baghdad announced to the economic and investment commission in Parliament for a joint meeting, soon, between the federal government and the Kurdistan region representatives for the application of the customs tariff law in all border crossing points. She said committee member Rep. Najiba Najib in a press statement, said that “the parliamentary Committee in connection with a meeting common to the Ministries of Planning, Finance and Industry and the interior of the central government and the Kurdistan Regional Government to implement the collection of customs tariffs and increase fiscal revenue for the state. “She noted that” the general budget in 2016 passed by the Parliament include forcing the government to apply customs tariff as one of the laws in force and applicable. ” “The main problem encountered in the collection of customs tariffs according to the law, relating to non-state control of all border crossings.” She Najib, said that “most traders importers resort for the supply of goods to the local market through these ports.” She noted that “there are border ports under the control of the government are not taken to the application of the customs tariff in the absence of political will.” The House of Representatives passed the usual Directors, which was held Wednesday before last, headed by Salim al-Jubouri, and the presence of 243 deputies bill the federal budget law for next year 2016. The estimated value of the budget revenues Federal public for the financial year 2016, B81 trillion and 700 billion and 803 138 000 dinars, depending on the calculation of the price of oil export rate dollars with 45 per barrel and the rate of export of 3.6 million barrels per day, including 250 000 barrels of crude oil quantities in the Kurdistan region and 300 000 barrels Using the province of Kirkuk. The allocated budget amount of $ 105 trillion and 895 billion and 22 million and 619 000 dinars for the expenditures for the fiscal year 2016, the total stood at a deficit of 24 trillion and 194 billion and 919 million and 481 000 dinars[/size]


     
     
    Read more:[You must be registered and logged in to see this link.]newsitem.php?id=312230#ixzz3vUXwWRau
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    mochasmom
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    • Post n°11

    Meeting soon between the federal government and the provincial government - Page 2 Empty Re: Meeting soon between the federal government and the provincial government

    Post by mochasmom Sun 27 Dec 2015, 6:16 pm

    It's always something, did u read the Kurds/ Isis Article...not good
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    • Post n°12

    Meeting soon between the federal government and the provincial government - Page 2 Empty Re: Meeting soon between the federal government and the provincial government

    Post by Lobo Sun 27 Dec 2015, 6:37 pm

    Hi Mochasmon, re the Kurds/ISIS article, something that large of a story would have been covered by other reporters as well, so I am not too such how true it is.

    hum
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    • Post n°13

    Meeting soon between the federal government and the provincial government - Page 2 Empty Re: Meeting soon between the federal government and the provincial government

    Post by Proven Sun 27 Dec 2015, 9:51 pm

    Necessary revenue for the 2016 budget:


    She noted that” the general budget in 2016 passed by the Parliament include forcing the government to apply customs tariff as one of the laws in force and applicable. 
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    • Post n°15

    Meeting soon between the federal government and the provincial government - Page 2 Empty Re: Meeting soon between the federal government and the provincial government

    Post by Proven Tue 29 Dec 2015, 1:39 pm

    azareus wrote:Interesting. So IF they are forced to apply tariffs and budget is in effect jan 1st, could they delay rate change further?

    Tariffs start the process of economic development. 

    Which comes first, economic development, then a rate change, or vice versa.

    I believe when enough investors (dollars) start pouring into Iraq, which will support a rate change, then the rate will change. 

    Remember, at a higher rate, the CBI has to convert dinars to dollars, this will draw down their dollars reserves.  If sufficient investors are present that will give up their dollars for dinar, then there will be no draw down. 

    From previous articles, the delete the zeros project will coincide with economic development. 

    They have stated that the CBI has a schedule. 

    Some believe that Iraq could support a higher rate at any time.  Some believe the rate will change gradually.  Take your pick. 

    By the way, I just had this debate with a friend of mine who is a Professor of Economics.  He thinks the rate change is necessary to start economic development.  His point is, the Iraqis people need money to invest in their own country.  First,  injecting it into the banking system, then into projects. 
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    • Post n°17

    Meeting soon between the federal government and the provincial government - Page 2 Empty Re: Meeting soon between the federal government and the provincial government

    Post by Screwball Tue 29 Dec 2015, 5:00 pm

    Proven wrote:
    azareus wrote:Interesting. So IF they are forced to apply tariffs and budget is in effect jan 1st, could they delay rate change further?

    Tariffs start the process of economic development. 

    Which comes first, economic development, then a rate change, or vice versa.

    I believe when enough investors (dollars) start pouring into Iraq, which will support a rate change, then the rate will change. 

    Remember, at a higher rate, the CBI has to convert dinars to dollars, this will draw down their dollars reserves.  If sufficient investors are present that will give up their dollars for dinar, then there will be no draw down. 

    From previous articles, the delete the zeros project will coincide with economic development. 

    They have stated that the CBI has a schedule. 

    Some believe that Iraq could support a higher rate at any time.  Some believe the rate will change gradually.  Take your pick. 

    By the way, I just had this debate with a friend of mine who is a Professor of Economics.  He thinks the rate change is necessary to start economic development.  His point is, the Iraqis people need money to invest in their own country.  First,  injecting it into the banking system, then into projects. 
    I think the professor is right the rate change will be needed if they want people to build, borrow from banks for loans and if they want Iraqis to put money into the banks! They need a reason just like Germany people will need to go to banks to exchange!
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    • Post n°18

    Meeting soon between the federal government and the provincial government - Page 2 Empty Re: Meeting soon between the federal government and the provincial government

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