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Millionday roundtable 2/3/14 Millionday news at dinarupdates.com
[millionday] welcome to roundtable everyone pull up a chair im getting everything together seeing what is going on
[millionday] here we go >>> International Center for Consulting and studies to the need to reconsider and review and amend the Banking Act, leading to the liberation from the constraints in order to be launched towards strengthening the capacity of the national economy and rise to the level of performance and giving banks advanced in the world.
[millionday] Said Tawfiq inhibitor "morning" Iraq is a Middle Eastern countries which he was banking activity government and private were foreign banks with branches in Iraq,
but a law passed in 1964 under the banks and make it a state monopoly and canceled the role of the private sector, which has had a significant impact to leave Iraqi bankers and raise their hand since then until now.
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[millionday] inhibitor pointed out that the decisions issued became the one hand, a state which reflected negatively on the reality of Iraqi banks,
pointing out that he can not be that there will be investment in the world unless there is a free banking system.
[millionday] so as we know they are preparing to bring the iraqi banking to the world - one step at a time so what we will see is them getting their country international first but know they will have banking around the world too
[millionday] so the private banks that want to be included on the market have issued their paperwork
[millionday] just what we like progress smile >>> note -- they found another warehouse of bombs as well -- so this meeting must have gone very well
[millionday] Parliament Speaker Osama Abdul Aziz Najafi professor at his residence, on Sunday evening, the UN representative to Iraq, Mr. Nikolai Mladenov, the two sides discussed developments in the political process and security situation in Anbar province.
During the meeting, and stressed the need to urgently resolve the current crisis .. A political solution away from the military option, especially as the current reality reflected negatively on human rights in the light of the high number of displaced and affected by the people of the city as a result of armed operations.
millionday] note -- they have said they have gained much more control of the anbar area
[millionday] i can imagine that people left and want to come home -- we understand that part -- we have had displaced people ourselves
[millionday] Both sides also discussed the need to file the election to be held on schedule. This meeting was attended by a number of members of the Iraqi Council of Representatives.
[millionday] Council voted Alnwabbjlsth ninth of the second legislative term of the legislative year, the fourth held Briashalsid Osama Najafi, head of the House of Representatives and in the presence of 180 deputies on Monday, 03.02.2014, at the Unified Retirement Law.
At the outset of the session was Walt voting on the bill submitted by the Committees Aleghanonahoualemalah, which aims to improve the pension for retirees and for the purpose of encouraging Sector Employment sector
by facilitating the transfer of benefits between the public and private sectors, in order to Toseahadh the coverage of the law to more categories and
[millionday] for justice to the martyrs of the terrorist attacks and their families Mnmzbe army and police To minimize the differences between the retirees.
At the conclusion of the meeting congratulated Mr. Najafi Cilsalnwab on behalf of the Iraqi people on the occasion of the adoption of the Unified Retirement Law Qanonatarykhia he did justice to the people has been the efforts of all parliamentary blocs, valuing the role and work Alganalmnih mature in law over the last three months.
[millionday] nice -- so the retirement law was voted through -- something got done and over -- yay
[millionday] brb with more
[millionday] right now they are sifting through the banking laws to make sure they are ready to part of the market and the modern banking
[mydinar100] millionday Does this mean money flows to retirees soon?
[millionday] yes i have something on the budget as well -- yes it does
millionday] Experts in finance and economics called for the need to find a compromise between the government and private banks based on the issuance of laws that guarantee the rights of private banks away from the dominance of the public banks and the granting of the first space better in the arena of financial and economic support for the development process in the country.
[millionday] Executive secretary of the Association of private banks Abdul-Aziz Hassoun pointed to the importance of creating ways to overcome the obstacles faced by the banks in the performance of its proposal to the necessity of working style card that contains detailed information on each bank
and the nature of his work as well as the need to restructure banks form a real and not be the restructuring is a re-reading of some of the legal texts Private banks.
[millionday] note -- they are checking for loop holes and independence abilities for private banks
millionday] Hassoun also stressed the need for the application of international standards in banking afterthought that fact is not formatted so Ihtah a long time, noting that Iraqi banks does not need external covers for being dependent on cash handling.
[millionday] smile>>>>the chairman of the Bank of the UNESCO Wadih Handal about the importance of reform of the banking reality, especially private banks,
pointing out that the reform lies in the side him in the formation of a lobby banker compressor includes bankers and businessmen to follow the reality and push for the implementation of the Provisions of the laws relating to Balheiklh and provide an appropriate environment through coordination with the Iraqi Central Bank and the World Bank.
[millionday] here is the issue >>>>>>> Salih noted that the project of restructuring the banks failed for unknown reasons, noting that private banks trapping regulations and old laws and censorship have no value and wondering Maalaqh banking market among themselves
The market government Ataatkamil with the private market, noting that the instruments of the private banks is not acceptable to the government
and that these conditions led to a split within the market and this split payment of capital to escape outside Iraq as a result of a lack of confidence that animated turn short-term capital.
[millionday] did not finish in favor Speaking of without putting some suggestions or solutions to improve the banking reality in Iraq,
noting that unless the law may be promulgated investment banks must be to amend Article 28 to help the private banks and the granting of these banks loan encouragement to help them solve their problems accompanied by the issuance of the Banking Act, the government
[millionday] article 28 is not compliant with all the banking reform - so saleh wants it amended
[millionday] and called for the formation of a company to guarantee deposits Iraqi and the abolition of restrictions on the instruments issued by private banks and the establishment of an institute to prepare monitors banking specialists as well as the need to subdue the banks of the Kurdistan region to control, just like the rest of the banks Iraq with the need to think about the establishment of a High Commission for Banking Supervision.
[sczin11] MD- doesnt this contradict the announcement by saleh sunday morning that you brought to us during super bowl last nite??
[millionday] the good is very exciting -- the needs listed are always a downer - the issue is this that they are trying to do many things at the same time -- the inside of iraq and the outside
[millionday] now to announce that companies have invested and individuals have invested in dinar and are waiting was great to see and a first if you ask me
[millionday] i have not seen iraq make any reference to us investing in their currency -- this is someone elses opinion on private banking
[millionday] economic expert, a conciliator Hassan concluded the session by saying he does not comply with the the view that the banks are not able to perform their role but are working under conditions not normal, especially with regard to direct investment, explaining the lack of an international classification has a direct relationship to Iraq has led to a lack of confidence in banks
[millionday] look at the last line here >>>>>>>>>>> is noted that the parliamentary finance committee looking at ways to develop the work of the banking sector private and the most prominent obstacles facing the work,
pointing to the need for support for various areas of the private sector, especially the banking sector for its contribution to the construction of the process of economic development and its role in promoting investment opportunities in the country.
and find ways to bypass the constraints faced by the support they need private banks from the government, the parliament and the possibility of expanding These banks are in the process of investment and economic development.
[kevin311312] millionday,did you see where the isx and asia traded today,didnt no if it meant anything?
[millionday] kevin311312 no do you have it hun?
[kevin311312] Naseem Al-Shmal Brokerage Firms (buy) & (sell) executed International Cross to Asia Cell on Monday Feb 3 2014 03/02/2014 09:01
Naseem Al-Shmal Brokerage Firms (buy) & (sell) executed International Cross to Asia Cell (TASC) on Monday Feb 3 2014 , in traded shares (172728000) shares in additional session time after 12 o'clock. Related Companies Asia Cell Related Sectors Telecom
[kevin311312] http://www.isx-iq.net/is ··· yId=1775
[millionday] kevin311312 thank you hun
[millionday] Babylon Brokerage Firms (buy) & (sell) executed International Cross to Middle East Producing & Marketing - Fish on Sunday Feb 2 2014 02/02/2014 09:56 Babylon Brokerage Firms (buy) & (sell) executed International Cross to Middle East Producing & Marketing - Fish on Sunday Feb 2 2014 in traded shares (337 135) shares in additional session time after 12 oclock .
[millionday] it seems as if they are located in iraq at this time on their market but it has not gone international imo -- i am not a broker or a stock specialist -- so i am going to have to say --- they are preparing to make a splash
[tourman] millionday - We (people in the U.S.) who hold dinar are insignificant in the scope of things dont you think? How could WE have any influence on this event as investors? So why would Iraq have any thing to say about Americans who hold dinar?
[millionday] i have a friend that is -- i will make a call today
[millionday] tourman he referred to it -- i wil get it brb
[kevin311312] millionday one more did you know that iraq is selling gold?
[millionday] let me say this while i wait for this to load -- the news was last night that all they have left to do is check for private banking and public banking to have no loop holes and to be compliant in regulations --- that is what it is saying today too
[millionday] kevin311312 i said they have announced that they will be selling gold and they have it as part of their reserves right now
[clay] millionday there was an article that stated banking done by the end of 2014whats your thoughts
[kevin311312] IQD Gold Price Today in Iraq Last update: 03-02-2014 (10:00:42 am) Gold Ounce 1,449,011.96 Gold Pound 326,144.17 Gram Karat 24 46,592.02 Gram Karat 22 42,705.92 Gram Karat 21 40,759.83 Gram Karat 18 34,932.79 Gram Karat 14 27,185.97