Vietnam pledges to narrow economic gap with other countries

HANOI, Oct. 22 (Xinhua) — Vietnam will maximize its efforts to narrow economic gap with other countries, Vietnamese President Truong Tan Sang said on Wednesday.

Sang made the remark at a meeting with the U.S. Trade Representative Michael Froman in capital Hanoi on Wednesday during the latter’s visit to Vietnam.

Affirming that the Trans-Pacific Partnership (TPP) is of great importance to Vietnam-U.S. relations, Sang said he expected the two countries will cooperate to promote successful TPP negotiations.

As for remaining points, Vietnam and the United States will continue discussion to reach a common understanding, Vietnam’s state-run news agency VNA quoted Sang as saying.

The Vietnamese leader urged the United States to completely remove sale ban of lethal weapons to Vietnam.

Froman, for his part, said at the meeting that the two sides are in crucial phase of TPP negotiations.

Once the agreement is signed, Vietnam will have many benefits, including boosting investment attraction, said the visiting official, adding that the United States expects Vietnam to meet conditions of intellectual property, environment, and labor following international provisions.

Earlier on Tuesday, the U.S. guest held talks with chairman of Vietnam’s National Assembly Nguyen Sinh Hung and Vietnamese Deputy Prime Minister Vu Van Ninh.


Bitcoin Shop Makes Additional Investment in Mining of Bitcoin


ARLINGTON, VA–(Marketwired – Oct 23, 2014) – Bitcoin Shop, Inc. (OTCQB: BTCS) (“Bitcoin Shop” or the “Company”), operator of the digital currency ecommerce marketplace, which is undertaking the build-out of a universal digital currency ecosystem, today announced that, based on the previously released positive results of its initial mining efforts, the Company has purchased additional mining hardware through its partnership with Hashmaster Tech, LLC (“Hashmaster”).

As previously announced, Bitcoin Shop’s approximate $42,000 purchase of mining hardware produced 2.62 bitcoins (net of all fees) valued at approximately $1,000 (based on an exchange rate of $382 per bitcoin). This was based on one week of operation and 60% operational usage of its purchased mining hardware. Bitcoin Shop ordered 189 bitcoins (approximately $72,000) worth of additional mining hardware, which, once online, will almost triple its mining capacity. The Company anticipates that its newly purchased mining equipment will ship at the end of November and be mining shortly thereafter.

Charles Allen, Chief Executive Officer of Bitcoin Shop, commented, “We’ve indicated our plans to move rapidly into this business segment and today we made more progress towards that goal. Across the digital currency ecosystem we believe that mining can be successful and profitable with the right knowledge and infrastructure in place. We believe we can continue to drive revenue and shareholder value through growth in this segment which complements our core strategy.”

Market Wired


More Japanese loans to help Iraq

The Minister of Foreign Affairs, Dr. Ibrahim al-Jaafari for Iraqi Japanese agreement to provide more loans and grants from Tokyo to Baghdad.

Jaafari said in a press statement that “Japan leads the way in helping Iraq since 2005,” explaining that the Japanese minister Ministry of Foreign Affairs to provide more grants and assistance to the Iraqi people.

Jaafari confirmed the existence of cooperation between the two countries to improve the Iraqi industry and transform the country from the consumer to the product, valuing these continuous efforts in supporting the national economy.

The foreign minister added that “the most distinctive characteristic of Japan is to the industry, especially when it is considered globally moderate price and high quality, as did the Iraqi market closes industries and in front of Japanese goods.”

Japan provided a grant of one billion dollars to Iraq, as well as the financial loan of five billion dollars to be paid over 30 years, in order to support investment projects and an interest rate of 0.034 percent.

Radio Tigris

The Iraqi currency will be replaced by early 2016

The parliamentary Economic Committee showed on Thursday that “the replacement of the existing currency will be early in 2016″.

A member of the Committee Kazem showed fight according to the agency all of Iraq [where] that “the Committee discussed with the Governor of the Central Bank of the process of replacing the currency and delete the zeros, between that the issue of deletion of zeros deferred because of what is going through the country of the conditions currently being uninitialized, stressing that the replacement of the currency and thus will initiate early in 2016.”

She added “reserve currency of the bank nearly 74 billion dollars, twice the mass of cash in circulation in the country and this is not in the best countries in the world and is a good indicator to reassure the Iraqi people.”

Economic expert Jamil Antoine said earlier that the deletion of zeros from the currency is a restructuring of the currency, to alleviate the digital accounts a large burden on treasurers, alleviate the burden on accountants in counting the transfer of numbers, “noting that” the present time is not appropriate for the replacement of the currency, the lack of security and economic stability in the country.

1 trillion and 300 billion dinars tax on imports in the year 2013 and we expect to increase over 2014

Long-Presse / Baghdad
Confirmed the GCT, on Thursday, that the tax in Iraq not apply to all sectors involved, including the sectors of agriculture, industry and limited to the oil sector and mobile phone companies, and noted that the imports in 2013 amounted to Trliuna and 300 billion dinars, with the expected increase in tax revenues during the current year , indicated that the Iraqi economy does not have yet to see a clear future because of its reliance on oil and the reluctance of other sectors.

The Director General of the Commission Kazem Ali Abdullah said in an interview to the (long-Presse), “The tax law is going according to Iraqi Systems accurate, current and clear to everyone,” pointing out that “tax does not apply to all sectors operating in Iraq.”

Abdullah said that “the agriculture sector, which is from 5 to 6% of the GDP of the country and according to the law, it is not subject to tax,” noting that “the industrial sector of Iraq is taxable unless it shall not have now collects the tax because it is ineffective and does not work as well”.

He said , “As for the sectors in which tax is calculated which are the oil sector and specifically companies licensing rounds, this after the production of oil, which goes directly to the state, according to the contracts with the oil ministry,” noting that “tax is calculated from the mobile phone companies operating in Iraq companies and diversified business.”

He stressed that “what has levied taxes during the year 2013 amounted to Trliuna and 300 billion dinars, while for imports by 2014, the Authority still has not closed the accounts of the year so far,” expected to “be no increase in imports during the current year compared to last year due to increase the number of companies operating in Iraq.”

He added that “the current law of the body as possible to serve for years to come, but this is not our ambition In case we want to develop tax law in Iraq, it should be no clear economic policy milestones in Iraq,” attributing the cause to be “Iraq’s economy still depends Only on oil exports and the reluctance of other sectors, so it can not amend the law or developed unless we start setting the right foundations for the Iraqi economy and the application of functional system in real state departments.”

The Iraqi Tax Foundation is one of the oldest institutions of tax in the Arab world, perhaps in the entire region, Iraq has initiated the first income tax law in the wake of the establishment of the national government in 1920, it released the Income Tax Act No. 52 in 1927.

In light of which formed the Directorate of Income Tax, then formed the Directorate of Property Tax in 1923 while the tax laws in the rest of the Arab states have been issued in the forties of the last century. However, the tax legislation under the Ottoman empire prevailed in Iraq for several centuries.

The General Authority for taxes on 02.27.1982 introduced based on “the law of the Ministry of Finance No. 92 for the year 1981 following the merger of the Directorate-public income and that they are applying the Income Tax Act with the directorate general imports, which were applied Tax Act, real estate and was named the GCT replacing the departments of tax income and general imports and now has branches scattered in all provinces, some cities as centers of districts and in some respects, (57) branch tax in Baghdad and the provinces, and these branches are connected by central Authority.

Almada Press

Canada sends CF-18 Hornet fighters to Middle East to help fight against ISIL

Baghdad (Forat) -An air fleet consisting of CF-18 Hornet fighters on Tuesday departed from Canadian Forces Base Cold Lake in Albert of Canada for the Middle East in support of the efforts to fight against the Islamic State, the Canada’s Ministry of National Defense announced.

Through Operation IMPACT, Canadian Armed Forces are adding support to coalition assistance to security forces in Iraq who are fighting against the Islamic State of Iraq and the Levant (ISIL), said the ministry in a document posted at the its website.

The Canadian support to coalition operations against ISIL included six CF-18 Hornet fighter aircraft, a CC-150T Polaris aerial refueller to support coalition air operations, two CP-140M Aurora surveillance aircraft for reconnaissance.

The CF-18 Hornet fighter aircraft will fly to Kuwait for the support mission.

According to the document, there will be some 600 personnel participating in the operations, including aircrew support elements, such as command and control and logistics. They include 70 members of the Canadian Armed Forces already working with American forces in an advisory and assistance role by providing strategic and tactical advice to Iraqi security forces.

Alforat News Agency

Canada vows to intensify anti-terror efforts after shootings

International (Forat) -Canada will not be intimidated by terrorism and will enhance its fight against terrorist organizations, Prime Minister Stephen Harper said.

“We will not be intimidated. Canada will never be intimidated,” Harper said in a televised address to the nation after a shooting rampage in the parliament building killed a guard and a gunman.

He added that the security agencies would do everything needed to counter threats to the country.

“In fact, this will lead us to strengthen our resolve and redouble our efforts — and those of our national security agencies — to take all necessary steps to identify and counter threats and keep Canada safe here at home,” he said.

Harper’s address came as authorities lifted a lockdown in downtown Ottawa, except in the parliament building, after gunshots were fired inside it earlier in the day.

Shootings also reportedly took place at the National War Memorial near the Rideau Center shopping mall.

A soldier standing guard at the memorial was gunned down and later died of wound, while a gunman was killed inside the legislative building, according to Canadian police.

Alforat News Agency

Chatroom Log Wednesday

[20:08:00] AMG: cmon next week!!
[20:08:08] AMG sent an audio message: Drumroll
[20:13:42] teledive: who ticked off the economic commitee?
[20:22:15] TRC: just look at what CBI Governor says
[20:22:37] TRC: he said deleting the zeros is in the plans of CBI
[20:22:55] TRC: they will not give day of rv
[20:24:00] TRC: Iraq becomes full member of WTO middle of year,they need credit rating , and a convertible currency
[20:27:56] AMG: sure do
[20:28:53] TRC: dont get too involved in politician’s statements
[20:30:06] AMG: dislikes politics :-(
[20:30:08] teledive: thanks trc never crossed my mind to not their politicians are as bad as ours
[20:30:27] AMG: lol
[20:30:49] AMG: ours lowers the bar
[20:30:55] AMG sent an audio message: Laugh
[20:31:16] teledive sent an audio message: Say What?!
[20:31:22] TRC: :-D
[20:31:25] teledive sent an audio message: Laugh
[20:31:53] TRC: CBI Governor said deleting the zeros are in the plans of the bank..
[20:32:07] TRC: what else do you need to know
[20:32:08] AMG sent an audio message: Oh Boy!
[20:32:32] TRC: a date? he will never share that
[20:32:38] TRC: :whistle:
[20:32:49] AMG: can’t
[20:33:07] TRC: there will just be a rv.. then they will announce the rest
[20:36:03] TRC: its good news to see the Governor of CBI say it is in the works!
[20:36:22] AMG: sure is…………very good
[20:36:22] TRC: thats all he can say
[20:36:28] AMG: ^.^
[20:38:46] TRC: what central bank ever told public they were going to rv , at certain date, or within certain time period ever?
[20:39:21] TRC: you got to do your research
[20:39:32] TRC: make due diligence
[20:39:40] TRC: on your own
[20:42:30] TRC: :)
[20:42:49] TRC: of course I will give My opinion if asked
[20:42:52] TRC sent an audio message: Drumroll
[20:43:05] TRC: :-D
[20:43:08] AMG sent an audio message: Drumroll
[20:47:10] AMG: is just waiting for IT to appear like a light in the dark
[20:48:44] AMG: Voila!!!!!
[20:48:50] AMG sent an audio message: Drumroll
[21:07:33] TRC sent an audio message: Drumroll
[22:20:48] ronnie: TRC does Iraq have to revalue currency before x-stream
[22:21:40] TRC: well, would think so, it makes sense..
[22:21:57] TRC: but it is not something they have to do
[22:22:11] TRC: they dont have to do anything
[22:23:29] ronnie: well i have heard all kinds people say yes and no
[22:23:36] TRC: lol
[22:23:50] TRC: got to make your own mind up,
[22:24:02] TRC: but we got to see what happens
[22:24:24] ronnie: I know
[22:24:52] TRC: did you read chatlog yesterday
[22:25:01] ronnie: yes
[22:25:23] TRC: makes perfect sense to bring currency online also next week
[22:25:49] ronnie: I am going to read it again
[22:28:08] ronnie: I know but my brain is on overload from reading all the articles on zeros
[22:28:40] TRC: every October they decide whether they are moving forward or staying put
[22:29:16] ronnie: 26TH, next year, 5 years
[22:30:11] TRC: dont know what to say on 5 years
[22:30:17] TRC: :whistle:
[22:30:54] TRC: according to the plan on changing to small denominations it is supposed to take 2-3 years
[22:31:24] ronnie: I had high hopes for this but those hopes are fading fast
[22:31:40] ronnie: goverment
[23:23:40] TRC: Governor of CBI announced
[23:24:04] TRC: stressed that the new currency which will be issued soon, with the fifty thousand dinars will be in both Arabic and Kurdish –
[23:24:24] TRC: including coins

New currency category of 50,000 dinars will be written in Arabic and Kurdish

Khandan -ali Naji

The parliamentary Economic Committee, said that the CBI had told her that the new currency to be issued by the same group (50,000 dinars) will be written in Arabic and Kurdish.

A member of the committee MP Osman Dosky in a statement to “Khandan” that “the Commission has hosted during the past two days, the central bank governor Alak, the debate on the inclusion of the Kurdish language within coins of Iraq,” adding that “Alak welcomed this idea, stressed that the new currency which will be issued soon, with the fifty thousand dinars will be in both Arabic and Kurdish, as well as the rest of the coins, which are issued in the future. ”

Dosky said that “the House of Representatives asked the Kurds of relationships during the meeting as well, the need for the opening of branches of the Rafidain and Rasheed provinces of the Kurdistan region, for the purpose of benefiting the staff of the region of 100 salary advance,” explaining that “the position of Governor of the Bank was positive about their demand.”


The Governor of the Central Bank: the deletion of zeros in on the Bank plan


And brother-Baghdad
The Central Bank Governor said that “the issue of cancelling zeros from Iraqi currency is linked to the security situation in the country.

Allaq said in a press statement obtained by the news agency news (and brother) said Wednesday that “the issue of cancelling zeros from Iraqi currency into the Bank plan over the coming years will be to implement this project as there is stability in the security situation will accelerate the implementation of this project and remove yellowing from the currency”.

The Iraqi Government had a project about deleting three zeros of the Iraqi currency to reduce inflation in the currency but it has been postponed many times.

Agency for News