Millionday News 8/29/14 Part 1
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[millionday] OK SO HERE WE GO
[millionday] - Designated Prime Minister, Haider Abadi confirmed his commitment to the principle of national partnership in running the country.
He said in a statement read by his press office today that "the formation of the government is a great response to the IS which seeks to foil the democratic process in Iraq and the democratic structure of the country,
and incorporating it in the conflicts between the components and the destruction of its civilization and cultural and intellectual heritage, calling on the political blocs to "expedite the provision of their candidates for the ministries.
[millionday] NOTE -- HE IS STATING THAT HE HAS CHOSEN AND IS ASKING APPROVAL TO BE GIVEN
millionday] Abadi promised to apply the, political, security and economic reforms after announcing the government.
The media office said that "al-Abadi continued his intensive meetings with all the political blocs to form a government and the drafting of the government program.
[millionday] WHOOOPOW WHOOOPOW - HE HAS UNTIL THE 9TH AND HAS MADE IT CLAEAR THAT HE WILL NOT TAKE THAT LONG -- LOVE IT
[millionday] NOTE -- THIS WAS A PRESS RELEASE
[millionday] The statement called on the blocks to "expedite the provision of their candidates for the ministries in order to study their CVs and choose the most efficient of them and has a program to develop a ministerial work and his ministry
He explained that he will start since the first day after the formation of the government to apply the government program agreed upon and start political, economic and security reforms and for the development of the country and rid it of the crises that it passed by.
[millionday] SO HE IS SAYING THAT WITH THE ANNOUNCEMENTS OF THE MINISTERS AND FULFILLED GOV ALSO THEY WILL RELEASE THE ECONOMIC REFORMS AND ALL OTHER REFORMS AS WELL - SMILE
quicktolegit96] Waiting on Parl to approve the ppl chosen for COM?
[Smokey Mtn. Dinar] What does CV mean?
dovi] Curriculum vitae
[millionday] THE CHOICES
[lstar877] The ipo's being offered sunday or monday; is that international stock exchange
[millionday] IT IS IPOS ON THEIR STOCK AND IS VERY INTERESTING THAT IT IS ON A THREE DAY WEEKEND TO ME AS WELL
[millionday] THIS WOULD INCLUDE THE ASIA AND ALL OF THE ABOVE AND TO GIVE A DATE OF SEPT 1ST WHILE WE ARE ON HOLIDAY IS OF COURSE INTERESTING
[millionday] HAVE NO INK ON DATE OR RATE OK HERE WE GO WITH MORE - BRB
[millionday] al-Hashemi in order to activate the introduction of payments of the new Iraqi called on the Central Bank of all ministries and departments not associated with the Ministry to work with this system for the purpose of speed do the work instead of the old mechanisms.
said Bank to clarify that this system is one of the advanced systems dependent and electronic means of payment and provide speed, accuracy and security in the transfer of money, stressing proven efficiency of this system where he Sechtzl ratio of effort and time to more than 7 percent of what is currently employed.
[millionday] NOTE -- THIS IS A REPORT OF THE PAYMENT SYSTEM BEING INTRODUCED
[millionday] In this context saw the researcher economic state fair that this system could limit of corruption as well as reflect positively on the reality of the economy, where would allow investors to complete their financial transactions away from the routine, which complicates things and streamlines.
added that if the commitment ministries instructions of the Central reported by the Ministry of Finance, it would be easy to transfer money to accounts in banks in line with the international banking standards and seek to boost confidence in the economy through the creation of a safe and sound banking system amid a competitive environment accessible to all.
And participate in the payments system 45 banks, including state banks and branches of foreign banks, along with a large number of private banks.
[millionday] NOTE -- THEY ARE TALKING ABOUT SENDING THE MONEY TO THE BANKS FOR THE PROVINCES AND ALL THAT HAVE ANYTHING TO DO WITH THE ECONOMIC REFORM ABADI IS TALKING ABOUT
[millionday] consists payment systems Iraqi 3 parts is based gross settlement in real time, and clearing system with automatic registration system and Government Securities.
The Iraqi Central Bank to run and manage the accounts of the settlement between the participants to ensure the safety and efficiency of payment systems and operations Almqash.
wachart just that the activation of the system of payments at the level of ministries will contribute a lot in the transformation of the economy,
totalitarian and access to a market economy after resampling routine operations and administrative procedures complex computerization of information and automation settlement processes of checks and salaries and activation of automation systems for card electronic, to keep more cash in bank accounts.
[millionday] NOTE -- THIS IS TALKING ABOUT ALL GOV FUNDING -- CREDIT CARDS ACTIVTED AND ALSO THE PROVINCES AND MONIES NEEDED TO MOVE TO THE NEW IRAQ
[millionday] "This comes at a time of trying and kept the Iraqi Central Bank to reduce the use of cash (CASH) in the country, to meet the challenges of geographical and security issues, including softens difficult to transfer money across the country, and its exposure to risk. "
For his part, the Central Bank of the importance of the introduction of payments to keep pace with developments in the banking system for the purpose of providing the best banking services where proved this system efficiency and high adoption by the Ministry of Finance and the banks participating in the process of exchanging financial transfers among themselves and all from his position.
[millionday] continued've decided to do the state departments to transfer funds to the Ministry of Finance through the payments system in accordance with the mechanism which include sending districts a letter to the unit of payments in the bank's president open account has or one of its branches include the refund amount to be credited revenue of the Finance Ministry's account at the Central Bank and our at the expense of the branch president Aulfra Open account has it and show the account number with surrounding what amount
[millionday]. He noted that the unit of payments in the branch president will hold too much. ,
and pointed out that this mechanism requires no state administrative procedures or requirements or approvals, but it provides the time and effort and sings for regulating instruments as well as the speed of implementation and security aspects. ,
and where that commitment now relates to the amounts transferred to the Ministry of The rest of the financial departments can now implement transfers among themselves in the same manner and to compel it to operate while the new system of payment
[millionday] SEE THIS IS STHE THING
[millionday] IRAQ PLANS ON USING MORE CARDS TRANFERS AND PURCHASING ECT THAN ANYONE ELSE -- THEY WANT TO MODERNIZE TO THE EXTENT EXPECTED FROM ALL OTHER COUNTRIES AND
[millionday] WILL ACTUALLY MAKE A HUGE MOVE IN THAT DIRECTION
[millionday] THE PRINT OF CURRENCY AND COINS IS VERY EXPENSIVE AND THE TRANSFER ON CARDS AND WIRES IS A LOWER OVERHEAD FOR COUNTRY COSTS
[millionday] THEY ARE TALKING ABOUT THE PAYMENT SYSTEMS FOR ALL CONTRACTS AND ALSO PAYMENTS AGREEMENTS -- ON AND ON
millionday] IF THEY HAD IT THEIR WAY THE ONLY THING THEY WOULD USE IS PLASTIC -- BUT
[millionday] THAT MEANS NO RISK AND NO THREAT TO THE BILLS INVESTORS HAVE -- IT IS JUST THE MODERNIZATION OF THEIR ECONOMIC PROGRAM
[millionday] REMEMBER THE TRUST THAT WE AS A COUNTRY HAVE EXPERIENCED THE LOSS OF AS WELL IN THE PAST SO THE BANKS HAVE TO REGAIN THAT TRUST AND THAT IS TO BE EXPECTED
[millionday] THIS PAYMENT SYSTEM IS ABOUT ALL GOV BENEFITS AND ALSO PROVINCE CONTRACTS AS WELL
[millionday] IT WILL BE WIRED AND ALSO PUT ON A VISA OR MASTERCARD TO BRING THE MODERN BANKING THEY HAVE WORKED ON TO A REALITY
[millionday] SO HUGE PLAN BEGINS TO MAKE SENSE
millionday] IF YOU HAD RUN FROM YOUR COUNTRY OR WERE A WOUNDED PERSON ECT -- YOU WOULD LEARN TO USE THE ELECTRONIC BANKING TO GET MONEY