Millionday and Fresh Monday Night Chat at PeopleInvested:
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[millionday] Examine a number of economists and money reality the general budget for 2013 and details Ansiabatha to economic and service sectors and the strengths and bug where besides stand when the subject of the Supreme Council for Reconstruction and its role in achieving sustainable economic development, where experts discussed during a workshop organized by the Iraqi Institute for Economic Reform precise details of these issues inherent in the reality of the Iraqi economy. Economist Dr. Ahmed ابريهي display in his paper aspects of the surplus and the deficit in the budget, and believes that the deficit is produced either by increasing government demand any spending higher or because of the sharp drop in resources exports adopted by the government to finance public spending in Iraq oil source of this funding.
[millionday] note -- think about what they are saying -- the move to reality
[millionday] He points out that deficit financed by borrowing or spending of government funds that exchange liquidity to finance the deficit and economic expert notes that there are significant differences between the various sources of borrowing in the final impact on the overall economy He warns ابريهي of deficit financing by borrowing in the controls lead to lose credit to the private sector in the sense dislodge the resources available to the private sector represents a net addition of aggregate demand, and pointed out that the deficit financing to ايؤدي to inflationary pressures but refrain from financing the deficit leads to a decline is unjustified in income levels and welfare.
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[millionday] in other words keep the deficit down
[millionday] He pointed out that the position of the deficit and its financing require careful analysis before taking a final position. The accumulated deficit in the balance of government debt. This is because the surplus a rare case in a normal economy, there are a few countries have accumulated surpluses, including oil, Arab and China. Here a distinction must be made between budget surpluses and external balance-of-payments surpluses. Because the surpluses of oil producing countries and China are of the second type is mainly what is known as sovereign wealth funds are essentially funds assets in foreign currency.
[millionday] in other words how will what we hold in usd serve us to keep everything in the best position
[millionday] ' This does not mean that the country is witnessing oil surpluses to testify in their budgets, but some of them also tried public deficits in their budgets for many years between the mid-eighties and the beginning of the current century. But maintained constants sovereign foreign assets. As the surplus in the non-oil economy means book is part of the national income stream aggregate demand and a deflationary impact forced him nations to repay their debts as committed, now, to highly indebted European countries configure surpluses in their budgets for the coming years to repay the debt.
[millionday] The oil economy, the surplus which is achieved as a result of high oil prices is not a deflationary effect. To the economist said Muwaffaq Abbas sack: that map strategy for economic development include a failure to approve supplementary budgets in the coming years and to prepare budgets free of fiscal deficit in order to strengthen the financial rating and credit rating of the state. And linking additions in the allocations of regional and provincial reconstruction for oil and gas production to compensate the resulting environmental damage as well as a statement of the role of the general budget to support the poor and bad social security.
[millionday] Referring to the need to address the issue of public companies that clog the general budget in the light of the results of the study to be provided by the advisers. Sack stressed the importance of the competitive business environment and include the development of economic legislation and improve and facilitate the procedures and investor and consumer protection., In addition to economic growth and includes support sector growth Special especially small and medium-sized enterprises and the development of international economic relations and export subsidies as well as sustainable economic development planning to build a diversified economy.
[millionday] talk we like to hear !!
[sisterbreen] lol i like action mo betta
[millionday] this is the end of the article but look at the point they are at in this meeting
[millionday] He explained that the law confirms that the projects and contractors are exempt investors and companies pay on credit from all taxes and fees, including customs. And exempt the resources needed to implement such projects of import licenses and restrictions quantities. He concluded by referring to the need to register patents and intellectual property rights for projects approved in the concerned government authorities. And does not apply the law of the sale and rent Real Estate Location No. 32 of 1986 on lands allocated for these projects, as does not apply the law of 25 land reform land for the year 1983 on lands allocated for these projects. To not apply the instructions of the Ministry of Planning No. 1 of 2008 on the implementation of these projects.
[millionday] so this is about the move to move on to an independent state
[millionday] very very good
[millionday] brb with more
[millionday] now remember that we saw the banking needed to be reformed further
[millionday] Reduce banking expert and executive director of the Association of private banks in Iraq Abdul Aziz Hassoun importance of the international reports which ranked Iraq (Palmtakhr) in the use of modern technology in banking, noting that Iraq is the third country among the Arab countries which uses system rtgs in his dealings bank (which electronic system developed at the speed of completion of transactions worldwide), as well as initiating nearly three years using the card technology to smart payment of many segments of society, especially pensioners and covered the social protection system, as Iraq seeks to modernize its system banking and enable them to keep abreast of global developments achieved in banking, said Chief Executive Officer Global card so smart concluded an agreement with MasterCard Worldwide, The agreement, according to Executive Director granting those cards for many people, especially businessmen and investors, who will be able whereby the push and pull funds inside and
[millionday] outside Iraq. said Goldfinch in a statement singled out the morning that the private banking sector had made considerable progress in bringing this technology, building on the support and cooperation and participation of the Central Bank, as well as expanding use between banks, is that Hassoun acknowledged some of the challenges faced by this system, particularly in relation to delay adoption by public sector banks. He called on the government banks to the need to adopt this advanced banking system in order to improve banking services and commensurate with the aspirations of the bankers and the public to have access to banking products and services fast.
[millionday] Goldfinch touched as well as to the advantages of this system in the area of transition from manual trading currency paper, which caused overwhelm large process banking, and as dull, both in money counting and disposal of cases of fraud and navigate them and speed the completion of business transactions and for customer his money and traded with ease. Drew Goldfinch to other techniques that took accommodate especially the adoption of plastic cards in banking transactions, referring to what has been achieved card so smart facilities for retirees and the categories covered by the other, which eased the burden on the holders of these cards in reviews and routine ugly and shortage problems amounts of counterfeit as well as deadlines for the receipt and Ansiabath, and mitigation for banks to provide products original
[millionday] was director of the Association of private banks Abdul Aziz Hassoun called earlier to the need for the enactment of a new banking regulating the work of private banks in Iraq. said Hassoun: The Banking Act of the current Iraqi no longer meets the need of banks, was noted as well as through the application and no part of the paragraphs need to amendments or additions, which led to the reluctance of some private banks in their work. Hassoun said that there are ongoing negotiations between civil and international banks to participate, likely that the coming period would witness the announcement of global banks partnership with Iraqi banks with their own money and bank to perform its duties. Iraq is seeking to develop its system banking and enable them to provide better services to investors and depositors alike, and comes according to many economists across cope with the language of international banks or banks of neighboring countries at the very least, and
[millionday] delays Technology, director of government banks in the Ministry of Finance Dr. Hilal Taan that capital increase banks incarcerated workers in specialized courses and the use of credit cards and electronic smart all factors capable of developing the performance of Iraqi banks in general. Said Taan during an interview earlier (morning): There are many ways in which a quantum leap in the performance of the banking system in Iraq, and could stand in the forefront of those measures is twinned both bankers and public sectors, stressing that these twinning will result in a remarkable development can that hurt the final outcome welfare support the national economy in general, and see Taan that the introduction of modern mechanization and the use of systems Visa card, develop and
[millionday] expand the work of the card (so) smart factors lead in the result to a significant evolution in the banking business and elevate it to the ranks of banks advanced globally, stressing the importance of The hurling workers in the banking sector in specialized courses advanced inside and outside Iraq to get to know another as high banking system made, stressing at the same time that the capital increase banks is an important factor in reviving the banking business and a sponsor to provide the best kinds of services to investors and depositors alike.
[millionday] Meanwhile, a CEO of the company Global Card (Ki) Smart Baha Hussain said the company has expanded greatly in the field of contracting with most of the country's ministries to take advantage of the many services offered by the card, especially when it offers 250 different services can be activated in accordance with the requirements of any ministry Ahoshrkh, announcing the signing of the company Several agreements to benefit from the services of the smart card in many areas. revealed Abdul Hussein signed a contract with the company (MasterCard) World empowered whereby the company World card so smart validity issued to the beneficiaries, and
[millionday] thus opened up services in their dealings after it was used only at the local level , explaining that future periods will enable the cardholder to use in most countries of the world and he can withdraw money and shopping and import and export through this advanced service. He hinted Abdul Hussein that the challenges faced by the Company arising from the failure of some workers in departments that deal with the company, either of the lack of technical capacity to interact with the company's performance, and this is the opinion of the Executive Director can be solved by organizing intensive courses for training to work with them,
[millionday] a company is offering to be the one to cover the smart cards to use everywhere and it is MasterCard and visa to move forward with global banks
[millionday] Revealed a statement from the presidency determination of the President of Kurdistan, Massoud Barzani authored large Kurdish delegation to resume the dialogue with the National Alliance, as well as other powers to resolve the political crisis tactics constitutional and in accordance with previous agreements signed by everyone. While booed statement issued by the Office of the President's remarks MP for the coalition of state law Yassin Majeed promised "provocative and reckless" said the statement received "morning," a copy on Monday, the National Alliance to put an end to the statements "contrary to the spirit of national unity" and to force its members to respect requirements of the national dialogue
[Domino] millionday smile!
[millionday] so the kurds are holding them to what was signed before -- very good
[millionday] For his part, MP for the coalition of state law Ihsan al-Awadi said in an interview for "Center Brief for the Iraqi Media Network" need politicians to deal wisely with the current crisis and manage the political situation in the country away from provocation, alluding to the issuance of statements about politicians should study dimensions future. " Awadi said that "the political blocs is counting on the efforts of the President and his wisdom and enjoys the respect and confidence of the political blocs to prevent altercations media and controversies of all the political blocs and without exception the media and the adoption of the truce."
[millionday] absolutely -- we are depending on the pres too
[millionday] He Awadi "We hope that result in efforts Talabani resolving the differences sharp between the political parties, particularly the dispute between the central government of the Federal and provincial government explaining that the mobility latter yielded to move some files that make up Nqzh otherwise, including oil and gas law and the formation of the Commission of Article 140 and other files." Said Awadi "The coming days will witness significant announcement there was a positive atmosphere" with the continued negotiations and meetings more seriously.
[millionday] significant announcements would make our day
[millionday] The MP for the National Alliance on an inch "The efforts and the movement of President Talabani part of his role as president of the Republic of Iraq and the key to resolve and get out of the current crisis as the president of all of Iraq and trying to gather the political parties and the three presidencies and create an atmosphere suitable for a meeting puts solutions to differences and restore stability to the political scene . "and over an inch in an interview for" Brief Center for the Iraqi Media Network ", for fear of having the attempts to keep the political crisis or failure of the current government.
[millionday] Called by President Jalal Talabani and Prime Minister Nuri al-Maliki on Monday to activate the strategic cooperation agreement between Iraq and the United States, at a time when he met House Speaker Osama Najafi and Deputy Prime Minister Ruz Nuri Shawis separately the U.S. special envoy for Iraq. He has been President of the Republic on Monday credentials of the ambassadors of the United States and the Republic of Poland. At the outset of the ceremony, received President Talabani credentials of the new Ambassador of the Republic of Poland Lech Stefaneka, and stressed the importance of strengthening and expanding the cooperation relations between the Republics of Iraq and Poland in various fields, what is good the peoples of the two count
[millionday] ries. For his part, expressed the Polish ambassador for valuing his country to the central role played by President Talabani and his efforts in order to remove the obstacles that stand in the face of advancing the political process in the country through his in bringing the views and unity of word between the political forces in Iraq. As President of the Republic received the credentials adoption of the new Ambassador of the United States of America Steve Robert P. Croft.
[millionday] During the meeting, President Talabani stressed the need to strengthen the friendly relations between the Republic of Iraq and the United States. And the price of His Excellency the big role of the United States of America and its support for the Iraqi people during their struggle for liberation from dictatorship. President also noted the importance of expanding and strengthening relations of cooperation through the strategic cooperation agreement signed between the two countries, for the benefit of the two friendly peoples.
[millionday] friendly peoples -- hello friendly peoples nice to meet ya
[millionday] see they like us
[millionday] brb with more
[baggr42] rofl Sorry ???????
[millionday] this means today
[millionday] House of Representatives yesterday failed to pass important laws in the forefront of infrastructure and a general amnesty. And raise the parliament speaker Osama Nujaifi session yesterday more than once to make way for parliamentary blocs to agree on the legal infrastructure and amnesty, but that did not achieve any progress, but saw the cafeteria Parliament some المشادات words between deputies from the State of Law coalition and the Kurdistan Alliance, prompting Parliament Speaker then to adjourn the meeting to the sixth of next month. was parliamentary source senior, told "Center Brief for the Iraqi Media Network" on Saturday, there is no real intention of parliamentary blocs to pass the legal structures and amnesty in the session on Monday. Nevertheless, could the House of Representatives approve six laws, in addition to the vote on the recommendations for providing protection to the judges
[millionday] we have the banking laws being worked on internationally and the strategic frameowrk agreement being called -- the kurds in baghdad working on getting all done for national
[Fresh] millionday I made the point in Round Table earlier that... Last Thursday in the VP Debate, Paul Ryan made the point that a failure of the current Administration in (foreign policy) Iraq is to not secure the final strategic agreements...
[Fresh] do that point... Biden our VP had no answer IIRC
[Fresh] so Iraq is "very much" a hot button in the topic of Foreign policy for the American people right now with the elections... sorry millionday was just adding to above posts...
[millionday] i agree
[millionday] it is very important at the point all are living in economically -- promises made and nothing done is never good
[Fresh] the URGENCY is finally in front of the International community as 70 million + people watch it being made a major failure to this point in time with regard to Iraq war and the US...
[millionday] and for iraq to call to activate makes you think that we are not hearing it all
[anthonlcs] millionday What does the stategic framework agreement do?
[millionday] it is so many points but one is the help from us to release from chapter -- trade and many other trade agreements for the future of the relationship -- all relations
[millionday] it is on the forum
[millionday] read it and you will understand why this is very exciting
[millionday] it is long and covers alot
[millionday] i have to cook so see ya tomorrow night or back tonight --- if i get some info i will be in
[baggr42] IIRC it has the economic reforms in it
[onthewings] millionday tysvm
[Fresh] anthonlcs millionday I will add it the Strategic Framework, etc gain more International attention it is my opinion we will see more swift action on the part of Iraq, etc because the current Administration for the US will crave a resolution to solidify that talking point in the International community that is currently a hot topic[/COLOR]
[millionday] love to ya --- know that cbi is working to maximize all banking