Tidbit News - Rumors & Opinions From DinarLand
Presidency approves general budget 03/24/2013
Ratified the Presidency of the Republic on the state budget for the current year.
A source in the Presidency of the Republic (of the Agency news): he was approved to the general budget, and sent to the Ministry of Justice to publish the budget law in the Official Gazette / facts of Iraq. http://translate.goo...w#axzz2NxJQAtw9
Mountainman: HCL is coming, bet on it!! Iraq is losing fifty million dollars daily because of their inability to enact this oil and gas agreement. It's crucial and it's reached its boiling point. All parties involved are losing, there are no winners here and international pressure is mounting.
This was supposed to be passed but the House of Representatives said at the last minute there was a minor dispute over political visions.
Mountainman Continues: Not only is this going to be huge for the oil sector and Iraq's economy in general but also support all the other legislation held up in Parliament as a result of being tied to it.
They're bickering over 3 different proposals which when enacted (I believe very, very soon), will be good for the federal government and of course all the citizens who have been waiting for equitable distribution.
Now that the budget is officially in the gazette, which is far from a RV but progress and next on the menu for the House should be finalizing one of the three HCL drafts.
Kaperoni: On numerous occasions that the CBI, AMF [IMF?] and others have said they will choose..."floating orbit of exchange." Which is a free float, not a managed float. We can only hope they implement what they state as this will be the fastest way for us to recognize substantial growth in the dinar exchange rate.
Keep in mind, prior to war, Saddam had his currency on a "free float."
Bluedog: Here's how it’s going to happen: RV then open Budget April 1st...PM from Kuwait comes first week so currency has to go b4 all of this so they come for chp7 to sign off ...then WTO because they just went thru a Fast Track Training for WTO, then at the same time Tariffs start with WTO (So your still thinking RV this week?) Yep, has to...to do what I just posted.