Millionday Roundtable 2/19/14
[millionday] great to see everyone welcome to roundtable for dinarupdates.com smile
[millionday] An adviser of the Association of private banks, economic expert Salam Sumaisem called to " open branches of Islamic banks in all provinces for the advancement of the banking sector ."
Sumaisem said in a statement to the National Iraqi News Agency / NINA / that " increasing Islamic private banks is an important sign because it reduces the risks that capital might be exposed to as a result of deal according to interest rates ."
[millionday] She added , " increasing control of the central government in the banking sector and concentration on Rafidain and Rasheed banks reflect negatively on the advancement of the banking sector .
Read More Link On Right
" Sumaisem continued that "Iraq is a Muslim country and most of its citizens fear of depositing their money in government banks for fear of loss of their money ." / End
[millionday] brb with more
[millionday] ok here we go
[millionday] demanded that the parliamentary finance committee of the Prime Minister to send the law to protect bank deposits to parliament for discussion and approval, to encourage owners of capital to bid farewell to the big money in the banks.
A member of the Committee Deputy Secretary Hadi told / JD /: "There are claims by economists, investors and owners of capital large and even banks to the enactment of the bank deposits, being one of the important laws that encourage the process of filing financial banks and increase the confidence of investors, local banks."
[millionday] He added that the government is required to speed up the sending bank deposits Protection Act to the House of Representatives for the purpose of discussion and approval during the remaining period of the current parliamentary session, calling on the central bank by requiring local banks to increase the interest rate on the money deposited in them.
The project aims to protect the deposits of citizens, in addition to a set of controls that are still working on the central bank, under this law, including the possibility of increasing the capital of private banks through deposits and government ministries.
[millionday] note this is for protection of deposits and gain confidence -- this is great
[millionday] The Finance Committee had announced earlier that it will soon hold a workshop with experts and bankers, for taking their proposals on this law.
Among the controls set by the central bank earlier in the domestic banks that are not less than the bank's capital from 250 billion Iraqi dinars. The total capital of private banks of the 30 banks in the whole of Iraq more than seven trillion dinars.
[millionday] sure go ahead hun
[larrykn] if the people don't trust the banks how well this help
[millionday] this will help gain that trust as it does here for us to know of insurance
[larrykn] so they will have to address this to the people then
[millionday] the insurance or protection act will be great for them and will help them to realize the control over their money
[millionday] yes this was announced to them today as well
[larrykn] ok ty
[millionday] it was on the news as well there
[millionday] yw all the time hun
[Fishheads] this article smells like smoke, For the simple reason Why are they waiting till the end to do this this should have been accomplished a long time Ago
[rudie] I thought they had already put forth something like FDIC insurance a little while back. Wonder how this is different?
[millionday] Fishheads i agree and should be part of the insurance that we have already in place
[millionday] this is from claims and must be just added for the citizens to keep confidence
[millionday] Prime Minister Nuri al-Maliki, Wednesday, that Iraq is one of the ten countries most growing in the world, and at the time it expected to report fiscal revenue for Iraq through 2035 to 500 billion dollars, called on U.S. companies to invest in Iraq and the establishment of partnerships with the private sector in Iraq.
Maliki said in an editorial published on the website of Foreign Policy magazine, the U.S. International Affairs, and seen "Alsumaria News", it, that "Iraq is one of the ten countries in the world's most developed countries, according to the unit Economist Intelligence", pointing out that "the growth of most economic sectors in Iraq in 2014. "
[millionday] note -- this is Maliki adding statements as well -- they must be trying to keep the citizens excited or feeling like something good is coming
[millionday] they seem to be sending out info that tells what is going on to the citizens as they are waiting and want a big effect
[millionday] they called it the event in the past so we could expect to see what i call hype -- so he is trying to look good too (ghost talking)
[millionday] right -- elections on the way so he wants to look part of it -- makes sense for him
[millionday] Maliki said that "our oil production has risen during the past eight years by 50% for up to three million and 200 000 barrels per day, the end of last year in 2013," expected to "increase production to four million and 500 thousand barrels per day by the end of 2014 and then to 9 million barrels per day by 2020.
" Maliki said that "the financial revenues derived from crude oil will reach $ 500 billion through 2035," pointing out that "this money is being invested to set up our infrastructure, rebuilding roads, bridges, highways, railways and airports."
He al-Maliki said that "Americans can provide what Iraq needs through investment and trade by entering into partnerships with the private sector and not the government, which only can play these investments play an important role in our strategic plan to fight terrorism and promote reconciliation," rejecting "charity and aid because Iraq does not need her being a powerful country economically. "
[millionday] this sounds like a promotion as well – smile - he is asking for private American companies to invest in Iraq
[swan2013] millionday wow, if that were all true, he would get reelected. plus hes telling the usa to stay out of his govt
[millionday] yes he is wanting that so he seems in control -- power sharing is active but he seems to be giving more talk time
[swan2013] millionday which is a farce
[millionday] He said al-Maliki said that "Iraq's procurement of U.S. companies recently rose to billions of dollars - especially Boeing 41, and contracts with GE for the rehabilitation of the electricity network we have, and buy military equipment to equip the Iraqi security forces, which is not only a sign of our capabilities and partner and the market."
The Merrill Lynch - Bank of America said in a report released by the end of November 2012, according to a poll conducted that Iraq will be the fastest growing among the world's GDP and will grow in the local production of up to 10.5 percent, followed by China with 7.7 percent.
And announced that the Ministry of Planning in (August 2013), that the rate of growth of the Iraqi economy is about 9%, noting that the figures of economic growth that has been issued and that are audited by international organizations shall be valid and depend on the indicators and accurate figures and not descriptive nor speculative.
[millionday] doesnt seem very equal that is for sure-] so this is a call to the Americans to come in and promotion of just how great Iraq will be and is
[millionday] it is the top ten in growth -- but only makes sense with internationally recognized currency smile
[millionday] . revealed Services Committee for the inclusion of employee protection law in the agenda of the next meeting of the Council of Representatives, while confirming that this law will protect the employee from malicious communications and administrative errors.
The committee member said Ihsan al-Awadi told / JD /: that the law protect employees who we proposed, the first reading will be read at the next meeting of the Council of Representatives.
[millionday] here is labor laws or should be part of it - what are they doing --- separating every law into sentences to pass one at a time lol *
[rudie] great! as if they aren't slow enough!!
[tourman] protion i believe
[jarhead] No one said they were smart
[millionday] tourman lol
[millionday] i hear ya -- here comes the rest we will try to make sense out of it
[dinar dave] No one said they were quick
Comments may be made at the end of PART 2 THANK YOU