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"The Hydraulic Power Of Segments" - One Who Knows - 5.25.17

Entry Submitted by One Who Knows at 4:59 PM EDT on May 25, 2017 The Hydraulic Power Of Segments The Genius of the Segments plan is that it &...

Thursday, May 11, 2017

"Being Done" - Wed. PM KTFA Thoughts/News/Frank26 Video Update

KTFA

MilitiaMan » May 10th, 2017


RE: Don961: Investment fee income reduces the budget deficit

5/11/2017 0:00 Baghdad / morning

requires the economic stage through which Iraq find the diversification in revenue for treasury state, venerating, especially from the departments and institutions that provide services directly to the public, since undoubtedly the diversification of fiscal revenue, especially from non - oil sectors would ease the proportion of Almozaznh deficit .

In this aspect , called economic researcher Firas Amer to financial interest in maximizing revenues for government departments, realized from the collection of wages or withheld fees for services, as is a tributary of the support of the general budget of the country through non - oil resources.

Amer said in an interview with the "morning" that the amounts realized from the collection of direct wages and services, as well as sales generated by a number of ministries and departments contribute to the provision of funds for the budget as well as ease part of the burden of payment of salaries.

​He drew attention to the need to increase revenue through diversification of services and improve the quality in line with the potential of ministries and departments, noting the need to benefit from the expertise of professional staff working in it so as to enhance budgetary support and economic feasibility opportunities.

The majority of ministries and a number of departments provide services to the public in exchange for government intervention in the transaction fee revenue and character as well as the amounts deducted directly against the health service, traffic circles , and notary and other wages.

To the General Company for the trade of construction materials it has achieved one of the Ministry of Commerce sales of more than 218 million dinars in total cash and futures last Chehrnisan sales.

The head of the company Sabah Falih al - Saadi , said his company is seeking to increase its sales in the light of the plan adopted by the company to provide the best construction materials from the global origins of high - quality specifications and prices Tnavsih.obin that the company 's branch in Baghdad , and through its centers second freedom, Abu Obeida and crumb and thirst constant processing lists of cash sales and all materials, according to the controls and instructions.

On the other hand a statement to the Ministry of Commerce said that the construction of 600 transport fleet achieved a leap in the central plan developed by the ministry to transfer the ration card items during the month of April.

The director of transportation and maintenance department of the company Majid Saleh , said his company has achieved an estimated financial income (461 892 064) dinars of the total number of hops , which included the ration card items during the last April.

Indicating the participation of the fleet of the company 's transfer of construction materials that are handled by the company in Baghdad , and to all the company's branches in the provinces.

http://www.alsabaah.iq/ArticleShow.aspx?ID=136830

"I believe that Abadi will now focus on the reforms, by bringing in the investors". ~ Frank 26

MilitiaMan » May 10th, 2017

I would say so, this company did about 41 million in sales. Just think what will happen once they release the new international rate. This is just one more recent example. imo ~ MM

The BUDGET to INVESTORS … they all need a change in the rate of the currency of Iraq.~ Frank 26

the WB has put Iraq aside … and they have taken over to IMPLEMENT their budget. ~ Frank26

"The BUDGET needs a new rate. IMO … this is being done." ~ Frank26

MilitiaMan » May 10th, 2017

I bet this statement is going to be off the charts in a few hours.. lol Let me show you why I think so.. lol Check this comment out from the CC on Monday.. Lets not forget yesterday they talked about PENNIES!!!!!! lol

"we should be seeing a budget very soon….we should be seeing currency units of LD’s and fils very soon" ~ Frank26

MilitiaMan » May 10th, 2017

We know that the WB has said this #45.~ MM

"Iraq announces the launch of a project for the reform of financial management in cooperation with the World Bank"

"He pointed that this project will concentrate on financial administration and the implementation of the budget at the finance ministry and other departments.

"Al - Issa said this project includes key topics such as the trend towards an integrated information system for financial management and computerization of the operations of public financial management of the preparation and implementation of the budget in the Ministry of Finance and other ministries and units of exchange all ".

MilitiaMan » May 10th, 2017

Now with that all said, look at the real pot of gold starting to shine within the treasure chest which is the Market Economy! ~ MM

"On behalf of the Ibrahimi is the settlement of salary project , which the Central Bank is working on the implementation of the important steps in terms of the transfer of cash transactions to the electronic age, this project is being implemented on the basis of a decision issued by the Council of Ministers the end of last year in this regard to integrate with a range of measures that the central bank has succeeded in the two years to achieve, "

" if we take into account the number of employees of approximately four million people, as well as the size of the families that pose the banks will deal with almost twenty million people. "

"This project can bridge the trust between banks and citizens"

"the payment of salaries process through banks can contribute to increasing the speed of money circulation thus alleviating deflation is happening as a result of the financial crisis. "

"You will get large sums of money being to benefit them by enhancing their liquidity, but the important thing here is to what extent you will be able banks to benefit from this liquidity and re - inject a significant share of which in the credit channels for the benefit of productive projects so as to contribute to the promotion of the business cycle and out of what known in the economic literature liquidity trap and the area in which we are now"

MilitaMan » May 10th, 2017

So here above we see the how they are going to get 20 million people into the Banks, effectively anyway.. And then below we see with what help!! ATM machines!! They are like Pennies, they are the Lower DENOMS loaded into the ATMS. Pennies are smaller Exchange Units that have been used in history of IRAQ for commerce. Nothing new.. Except that the primary population base, their "YOUTH" are to young to have experienced them! YET!! ~ MM

Don961 » May 10th, 2017

"ATM mechanism for users of card (Master Card)"

"Baghdad / Isra al - Samarrai coordinated the Ministry of Communications to set up ATM users card (MasterCard) through its outlets in post offices in Baghdad and the provinces. The Director of the courier company and save the ministry, Zainab Abdul -Sahib in a statement the "morning": that her company has coordinated with the Central Bank of Iraq and in cooperation with local companies, and one of the Iranian companies, to set up ATMs at post offices and savings distributed between Baghdad and the provinces of the country. " http://www.alsabaah.iq/ArticleShow.aspx?ID=136843

MilitiaMan » May 10th, 2017

Now this part below imo is negated by the FACT that the WB has already Launched Reforms. (See Final articles #45 and #46.). ~ MM (Thanks Don961 for your help too!!)

"hoped that the project will be completed in the next few period after the completion of the final approvals for implementation of the terms of legally. "

"the project will serve e - commerce and marketing e - card, as electronic payment will provide postal and financial transactions for all citizens and will allow the possibility of receiving salaries through postal offices , which bring comfort and security to the citizen. "

This is all of what Abadi wants and that is to take care of the Citizens.. Yah O-Buddy! The REFORMS are under way and the BRIDGE ( Of the Ship we call S.S.R.V.) has all hands on deck.. !! imo ~ MM

Frank26 Video 5-10-17 https://youtu.be/VX9sstqyZ74



Don961 » May 10th, 2017

Sadrist movement cancels next Friday's demonstrations

May 10 2017 11:15 PM

Breaking

Sadrist Movement announced Wednesday in a statement that next Friday's demonstrations would be cancelled, The Baghdad Post reported.

We will give further details when available.

http://www.thebaghdadpost.com/en/story/10387/Sadrist-movement-cancels-next-Friday-s-demonstrations

Tim » May 10th, 2017

Article : Don961: Iraq is about to compensate Kuwait

wow don good find. and how they gonna do this with a program rate?

SlappySquirrel » May 10th, 2017

Exactly my thoughts as well Tim. . Not at a toilet paper rate!!!

Aggiedad77 » May 10th, 2017

Well don't lose sight of the fact that all their prior payments to Kuwait were done in USD through either the IMF or UN.....that is up to the beginning of 2015 or 16 when they asked for a deferment of their last payment of $4.5 billion.

I believe they are required to make that final payment in USD as well.....unless they have struck some kind of a "DEAL".....that everyone shook hands on....perhaps that was done in DC recently......who knows......the significant thing here is it sounds like they are "about to" or in Texas terms "fixin' to" repay them.....but it may be in some kind of investment sort of way I am thinking.....probably not in that LL either....likely they will be chauffeured up to the front of everyone else....to get the final ball rolling for the rest of the world. IMO.

Oh forgot to say as well....they were paying in USD that was coming out of their oil profits back prior to oil prices falling. Aloha Randy

Don961 » May 10th, 2017

Resettlement salaries .. its importance and its dimensions

5/11/2017 0:00

Dr.. On behalf of the Ibrahimi is the settlement of salary project , which the Central Bank is working on the implementation of the important steps in terms of the transfer of cash transactions to the electronic age, this project is being implemented on the basis of a decision issued by the Council of Ministers the end of last year in this regard to integrate with a range of measures that the central bank has succeeded in the two years two years to achieve, what is the significance of this project? What are the economic dimensions? .

The project includes opening accounts for all ministries and government institutions staff in the banks and the bank will be the guarantor of these salaries, in the context of strengthening financial inclusion and mainstream banking services to all segments of society, which ends the risk of theft, loss, fraud and damage upon receipt of salaries.

I have been applied to the first stage successfully through resettlement through a number of banks that have been selected according to a set of standards of technical and financial assessed in accordance with the services to be provided by staff and high transparency of the central bank staff salaries, after which the signing of a contract between the central banks selected to take the appropriate guarantees for resettlement, where issuing bank accounts linked to staff cards.

There are a number of important economic dimensions of this project Seffersha with completion, notably the promotion of financial inclusion and expansion of financial services, if we take into account the number of employees of approximately four million people as well as the size of the families that pose the banks will deal with almost twenty million people.

This project can bridge the trust between banks and citizens and then dealers than with banks as the percentage of those who have bank accounts in Iraq currently does not exceed 12 percent of the population, on the other hand, the payment of salaries process through banks can contribute to increasing the speed of money circulation thus alleviating deflation is happening as a result of the financial crisis.

In contrast, the banks . You will get large sums of money being to benefit them by enhancing their liquidity, but the important thing here is to what extent you will be able banks to benefit from this liquidity and re - inject a significant share of which in the credit channels for the benefit of productive projects so as to contribute to the promotion of the business cycle and out of what known in the economic literature liquidity trap and the area in which we are now?

http://www.alsabaah.iq/ArticleShow.aspx?ID=136833

Don961 » May 10th, 2017

Increase national financial inventories

5/11/2017 0:00

Keywords for {morning}: International Monetary counting Iraqi reserves {assured} Baghdad / Tariq al - Araji ,

said Governor of the Central Bank of Iraq on the Keywords increase in hard foreign currency than it was in the year 2016 reserves, stressing that the IMF said in its latest report that the Iraqi Reserve reassured very.

Keywords and said in the interview with the "morning" dialogue, published later: " The Central Bank, despite the decline in oil resources during the past period by up to 70 percent , he was able to maintain and maintains reserves of foreign level acceptable currency within the international standards, especially that the main criterion for the adequacy of the reserve It is covered by the local currency in the sense of how much we have dinar and the corresponding dollar. "

He added Keywords that " the amount of the reserve of foreign hard currency in the bank exceeds the amount of local currency in Iraqi dinars, which is within the standard admissibility of this reserve, prompting the IMF to count Iraq 's reserves comfortable and assured by virtue of the standby credit agreement."

Governor of the Central Bank said that " the current reserve ranges between 47 billion and $ 49 billion, higher than the level of the reserve for the year 2016», stressing by saying: «We do not feel concerned about this reserve within the global indicators».

The Prime Minister Haider al - Abadi assured citizens on the government's ability to repay its obligations without malfunction.

http://www.alsabaah.iq/ArticleShow.aspx?ID=136866

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