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Operation Disclosure GCR/RV Intel Alert for March 24, 2018

Operation Disclosure https://operationdisclosure.blogspot.com/ RV/INTELLIGENCE ALERT - March 24, 2018 Signs of the major correction ...

Sunday, September 25, 2016

BGG's News Time at Dinar Updates 9/25/16 - Part 2

NEWSTIME WITH BGG & CO Sunday, September 25, 2016 - Part 2

MadDScout says(7:50 PM):

"it encourages the investment Law No. 13 of 2006 on the activation of investments in all sectors without exception."

BGG says(7:50 PM):

BOOM - swift measures, activate investment...

Investment law (which is what they need - freedom of movement of capital in and out of Iraq)...

Direct invesment, world capital, direct access (any ideas as to what that means??)

MadDScout says(7:52 PM):

To me it is plain to see.

BGG says(7:52 PM):


BGG says to MadDScout(7:53 PM):

you're on it man!!

MrsBGG says to 1bobby(7:53 PM):


MadDScout says(7:53 PM):

Anyone who says "hold up" has not read the news

jeffjane says(7:53 PM):


1bobby says(7:53 PM):

The Investment Law that MadScout speaks of is a pretty direct law, any idea what "tweaks" need to be done

BGG says to MadDScout(7:53 PM):


MadDScout says to 1bobby(7:54 PM):

If by tweak we mean activation...

1bobby says(7:54 PM):

so just a reading/vote type situation

MadDScout says to 1bobby(7:55 PM):

I do not have the words to the law in fron tof me

front of me*

1bobby says(7:55 PM):

That's cool. Just excited for that to be put forth and activated. Thank you

MadDScout says to 1bobby(7:56 PM):

I know we have seen voting on it in recent months

MrsBGG says to jeffjane(7:56 PM):


jeffjane says(7:56 PM):

I thought they had the first reading. When is the second reading of the Investment Law? or am I mixing up my laws.

I might be thinking of the Accountability Law

MadDScout says to jeffjane(7:57 PM):

No I believe you are right

They are coming up on a parliament session where another reading will happen because of it's importance

larrykn says(7:58 PM):


MrsBGG says to larrykn(7:58 PM):


larrykn says(7:58 PM):

I thought I read that the investment laws were to be voted on this coming week

Elane says(7:59 PM):


MadDScout says to larrykn(7:59 PM):

I know they are working on them actively

we see it often enough in the reports

MrsBGG says to Elane(7:59 PM):


Elane says(7:59 PM):

Is parliment meeting on monday? Also R cookie outlined all the upcoming voting for us this week we are facing...

Elane says(7:59 PM):

Alot of laws

larrykn says(8:00 PM):

yes there were some laws rcookie mentioned that were to be voted on an I thought that was one of them

Elane says(8:00 PM):

Me too Larry

MadDScout says to Elane(8:00 PM):

I am not sure the next session at the moment but there is nothing holding up it's next session(to my knowledge)

Elane says(8:00 PM):

Good enough for me... MadDscout its on fire

larrykn says(8:01 PM):

bunch of slackers lol

MadDScout says to Elane(8:01 PM):

What I mean is at present I am not 100% on parliaments next session

BGG says to 1bobby(8:01 PM):

Back to your ?? - I am not exactly positive about what they are doing with it - but it appears they will make adjustments to an existing law to satisfy international pressures... and by all indications - it will happen soon. Probably one of the final pieces to the puzzle.

MadDScout says to Elane(8:01 PM):

But no "snags"

BGG says to MadDScout(8:02 PM):

I thought I read somewhere - Monday??

Elane says(8:02 PM):

Right.. I understood MadDscout.. as always... thanks...

Elane says(8:02 PM):

So did I

MadDScout says to Elane(8:02 PM):


Elane says(8:02 PM):

Thats why i wanted confirmation

jimplants says(8:02 PM):


1bobby says to BGG(8:02 PM):


MadDScout says to BGG(8:02 PM):

You are probably correct on monday

MrsBGG says to jimplants(8:02 PM):


jimplants says(8:02 PM):


MadDScout says to BGG(8:02 PM):

without it in front of me I hate committing to it LOL

BGG says to MadDScout(8:03 PM):


MadDScout says to BGG(8:03 PM):


BGG says(8:03 PM):

Next article...

( I guess those that can't stand an even political playing field or a barnyard story are gonna' miss out. )

MadDScout says to BGG(8:04 PM):


BGG says(8:04 PM):

Economists Atdarson expand financial resources

considered the elite of financiers, economists and specialists of financial and oil affairs challenges and problems facing the 2017 budget year in light of a sharp drop in oil prices , arguing that the budget is the main criterion for measuring economic performance , stressing at the same time , the need to develop a vision based on the financial realities and oil for the country.

initiated a symposium organized by the progress of policy development institute under the title «economic analysis to balance the 2017 challenges and solutions» and attended by «morning» the word of the President of the Institute , Dr. Mehdi al - Hafez, which explained through which the country is going through very harsh conditions, which impacted on the preparation of the budget and the value of


fundamental issues

and pointed out that since 2003, and still balance the focus of controversy and discussion is useless because of the sense that the waste could leak into the budget and its implementation.

he said Hafiz said the deal is going on in economic circles on the text submitted an analysis of the budget in 2017 to be taken into account fundamental issues in dispute , particularly the exchange rate of the Iraqi dinar, then placed «final accounts« which constitute an essential element in the state accounts, which is still pending material without serious her application, and control over the

exchange rate the 17 percent.

asked for financial accounts with the Kurdistan region and whether that 17 percent represents sound formula or should be counted the money received by the region , whether in the form of oil sales, taxes or fees or other forms, then what about the official existing units now in the economic structure of the state and do we need to rethink the safety of these units and economic need for them.

He concluded Hafiz Talking about the service contracts in the field of oil and calls for a review and put it in the context of reduced public spending of the state as well as the question of the project on a number of institutions and the reason to keep it.

in turn assured the governor of the central bank and the agency , Dr. Ali Keywords in a brief statement that the work is underway to set up a budget programs and re - structure accounting system and the reduction of import phenomenon and work tariffs.

loans international

For his part , stop counselor for economic Affairs in the Council of Ministers , Dr. Abdul Hussein Al - Anbuge, when international loans and carry it from the negative effects on the national economy , where Iraq will face difficulty in repayment and benefits years later, also addressed the value of the dollar and linked to addressing the deficit in the federal budget, as well as reducing the number of parliamentarians to 100 members and determine the ten members of the provincial council and its role in reducing expenses.

maximizing revenue

and added that to maximize revenue and as stated in the budget of 2017 is continuing to impose sales tax on Kartat mobile phone and internet networks about 20 percent , accompanied by the imposition of airport tax as a lump sum (25 thousand dinars) per ticket in all airports, as well as the continuation of the ministries and provinces to impose fees or wages of new services and modification fees and current wages with the exception of the

sovereign. '

wages electricity

and stressed the importance of activating the collection of electricity, telephone, water and sewer fees, The deduction is worth 4.8 percent of the total salaries and allowances for all state employees and retirees all meet the needs of the popular crowd and relief to the displaced as well as increase the property tax rate of 10-15 percent, selling and investment Output Cree rivers and 50 percent of them to cover the Ministry of water resources expenses and 50 percent final revenue budget

rationalization of spending

either in regard to measures to rationalize spending, Anbuge it clear that reducing the number of cars to the heads of the three presidencies as stated in the budget of 2017 by 5 cars of the heads of the three presidencies and four cars to their deputies and three cars for ministers and rank shall be fixed and two cars to agents and rank shall be fixed for the general managers.

among Anbuge, bears employee car State uses a completely fuel and maintenance expenses with the exception of operational cars and farm productivity and ambulances and the transfer of staff, referring to reduce the number of delegates 50 percent and reducing the external deployment and reduce expenses. the

organization of conferences

and stressed the need not to organize conferences outside Iraq and reducing diplomatic missions by 25 percent and the closure of Attaches and transferred to the embassy , and reduce the number of its employees by 25 percent , also stressed the importance of reduce the number of state employees and to stop the appointments in companies and institutions of self - financing and trimming scores that are vacated due to transportation or retirement or death.

point Anbuge a number of observations about the budget bill consisted article 10 / III need to rewriting floating for being, as the Article 21 dispute the scientific bases for the preparation of the budget came while Article 27 remained floating well as the issuance of money orders and bonds worth $ 12 billion to cover the entitlements of the oil companies did not appear in the budget table.

BGG says(8:07 PM):

Are you guys seeing this??


Elane says(8:07 PM):

i had to step away.. yikes

aminmaine25229787 says(8:07 PM):

translation please

BGG says(8:07 PM):

(Just take a minute - with this... read it thru... then we'll get started)

and if you tell me to read it for you - my HEAD IS GONNA' EXPLODE!!

jeffjane says to BGG(8:08 PM):


MadDScout says to BGG(8:09 PM):

"he said Hafiz said the deal is going on in economic circles on the text submitted an analysis of the budget in 2017 to be taken into account fundamental issues in dispute , particularly the exchange rate of the Iraqi dinar,"

BGG says to MadDScout(8:10 PM):

You are ready Gwass Hoppa!!

jetset says to BGG(8:10 PM):

can i get the cliff notes version? (lol)

MadDScout says to BGG(8:10 PM):


BGG says to MadDScout(8:10 PM):

hit the nail on the head.

MadDScout says to BGG(8:10 PM):

Nice report

BGG says to jetset(8:11 PM):

there are a lot of different aspects of this report - but Pat nailed the biggie - for us...

jetset says to MadDScout(8:11 PM):

good stuff right there!

MadDScout says to BGG(8:11 PM):

Dr. Ali Keywords in a brief statement that the work is underway to set up a budget programs and re - structure accounting system and the reduction of import phenomenon and work tariffs.

MadDScout says to jetset(8:11 PM):


BGG says to jetset(8:11 PM):

they are in the middle of making some final "re-workings" on the 2017 budget... one of them sounds like some different exchange rate...

which is weird... how can they "decide" what the price of oil will be - or their exchange rate... unless they already know.

BGG says to jetset(8:16 PM):

OK -

last article...

Rise in the market value of companies in the stock market

BGG says(8:17 PM):

BAGHDAD / Mustafa al - Hashimi

headed Iraq Stock Exchange to contract with one of the Arab corporate systems and programming for increased activation of the trading process through Alanturnt.ozkr weekly report of the Stock Exchange, seen by the «morning» he hoped the signing of the Convention in October next month and that the service is launching in quarter the first of the year 2017.

he added that these systems will be compatible and connected with the management system data in the brokerage firm so as to contribute to the rehabilitation of the investor to trade himself after enable him to understand the cash tally prepared for the purchase and the tally of shares if he would like to sell.

in the same context of the Iraqi market index rose Securities in the last sessions last week to 3.69 percent at 568.66 points. the market value of companies listed on the Iraq stock Exchange 8.241 trillion dinars during the week ended twenty - second of this month. the report said the number of shares traded for the week 3 billion shares compared with two billion shares last week, while the value of shares traded amounted to two billion dinars , compared to one billion dinars last week achieved through executing trades numbered for the 1810 week deals compared to 1336 deal last week.

It is said that the number of shares listed on the Iraq stock Exchange of 8 trillion and 973 billion shares, and the number of listed companies in the market 96 joint - stock company, of which 70 companies listed in the regular market and 26 companies listed in the second market.

according to the report the number of stalled companies has become the trading of non - commitment to provide annual disclosure and quarterly Authority and the market for 26 companies, and the number of remittance companies suspended from trading after the approval of the change of activity and until the issuance of license to practice from the central bank and complete the filing procedures and the inclusion of 3 corporate issuance.

and investors trading (foreign) the number of shares bought from investors totaled Giralaracaan for this week 's 125 million shares, valued at 432 billion dinars during the implementation of the 52 transactions on the shares of eight companies.

While the number of shares sold reached by non - Iraqi investors to this week 's 281 million shares valued at 183 million dinars through the implementation of 130 transactions on the shares of seven companies...

BGG says(8:18 PM):

On the other hand the Board of Governors approved the Iraq Stock Exchange trading instructions via the Internet for investors , which measures include brokerage firms to take in order to obtain a license to provide this service, including participation in the online trading system, and until Thursday , five brokerage firms submitted a request to participate in this system.

Besides disclose the risks associated with investing and models to deal with investors ' action «know Your Customer» as board of Governors approved the commissions Satkadaha mediator. addresses the FAQ also requirements implemented by investors to agree to their online trading.

and the Iraq Stock Exchange several months ago to organize lectures and workshops for brokerage firms and investors for the purpose of definition of these services.

the Iraq Stock Exchange consists of 98 listed company with a total capitalization of more than 8 trillion shares representing banking , including sector 5 trillion shares and thus the most sector be traded and 65 percent of the total shares traded per day.

The governing Iraq stock Exchange five trading sessions a week from Sunday to Thursday.

BGG says(8:19 PM):

The notations brought to me are these...

these valuation inflations are something of note...

they are working towards opening an "online" version of the ISX...

(this idea is what started "the incident" today... ) does any of this look like they are delaying ANYTHING??


MadDScout says(8:22 PM):

Not to me

Kinda looks like they are getting ready for big things

BGG says(8:22 PM):

and just a quick note... several years ago - a BILLIONAIRE friend of mine told me directly - the ISX will produce more new millionaires than the currency does... when they open that up - it's ON!!

MadDScout says(8:22 PM):

Or why all this trouble

BGG says(8:23 PM):

Sisi let the "cat out of the bag" the other day...

Egypt is going through much of the same stuff with the IMF...

he plainly said "they would revalue their currency before the end of 2016"...

Iraq is way ahead of them.

I'll post his comments on THE BLOG tomorrow... (and note exactly where in the interview to see his EXACT comments)...

OK gang... any questions??

BGG says(8:27 PM):

Ok - I said what I needed to - did a full hour of News (I really like truth-in-advertising) ... and it was GOOD.

MadDScout says to BGG(8:27 PM):


Holly1 says to BGG(8:27 PM):


BGG says(8:27 PM):

2 hour News Time... should be no complaints there!!

jackflash101st says(8:28 PM):

Thanks BGG great news hour

Pablo says(8:28 PM):


Elane says(8:28 PM):

The news is pouring out of iraq

jake1 says(8:28 PM):


BGG says(8:28 PM):

(you all are watching SNF - RIGHT)

david334 says to hutch(8:28 PM):

Thank you for tonight.B

BGG says to Elane(8:28 PM):


david334 says to hutch(8:28 PM):


1bobby says(8:28 PM):

Thanks to both of ya, and everyone at DU for the stability in the crazy world of the IQD. Much appreciated

flynn says(8:28 PM):

BGG does Iraq 2017 start first of oct?

Holly1 says to BGG(8:28 PM):

the cow story again(lol)

Pablo says(8:28 PM):

Did I understand from your comments earlier that they are prepping for a new rate in the 2017 budget?

MadDScout says to 1bobby(8:28 PM):


BGG says to Holly1(8:28 PM):

I get tired of it - but if I need to - I'll do it again...

Holly1 says to MadDScout(8:28 PM):


david334 says to hutch(8:28 PM):

and Mad Scout

carxpress says(8:28 PM):

Thanks BGG .. .. Appreciate all you (and the DU gang) do for us all

willie60 says(8:28 PM):

Thanks again BGG and the whole DU team.

Back to Part 1



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