Millionday news 4/3/2015
Millionday: NOTE -- THERE IS A VERY IMPORTANT CONFERENCE COMING UP –
IT IS FOR THOSE WHOM DO NOT UNDERSTAND OR KNOW WHO THE LEADERS ARE FOR THE PRIVATE SECTOR (WHICH IS NEEDED FOR THE MARKET ECONOMY)
Millionday: ncumbent read in a statement issued by the deputy in the economic and investment commission which he referred to the preparations for the conference to announce the private sector representatives,
and benefit the news that the importance of the conference involving the announcement of the establishment of the Council of the private sector includes representatives of figures representing all provinces.
Millionday: step worthwhile despite the delay and exciting for the attention and controversy that the legislative point of trying to search for those who represent the private sector in the efforts to bring the country to achieve the policy of openness to the world.
But is it conceivable that the conference can be separated in the selection of a private sector worker? Then you check the validity of the conference?.
is supposed to be the task of the conference to set conditions and characterization of the real representation then they can be a choice that is done by the nomination and selection of apply conditions and admissibility of the private who actually represented sector.
Millionday: NOTE -- THIS STEP IS TO ACHIEVE THE POLICY THAT WILL BRING THE NATION OF IRAQ
Millionday: NO THE PUTER IS MUCH BETTER AND CLEAN SO LACK OF SITES UP BUT NOT CRASHING LOL
Millionday: eight target openness can not be based on the policy only local representation Anmataattalb involvement of the private sector immigrant because he is the owner of the real wealth of successful experiences, which will make it easier to attract the required global investment.
Yes, there are administrative and technical capabilities of high-owned by the local private sector, but is it enough when the financial means to measure it in light of the financial situation of the country ?,
as the need requires techniques and high technology absent from the potential of the private sector at the present time and the inability of the state to be provided so the involvement of the private sector immigrant issue very important thanks to its potential.
Millionday: THE ISSUE OF IMMIGRANTS IS VERY IMPORTANT AND HAS BEEN BROUGHT UP IN MANY REPORTS
Millionday: THE LABOR LAW HAS ALSO ADRESSED THE ISSUE OF THE EXPECTSTIOMD SD WELLL
Millionday: THE LABOR LAW HAS ALSO ADDRESSED THIS ISSUE AS WELL ---
Millionday: I REMEMBER AT ONE TIME THEY HAD ONLY 50 % OF IRAQIS ALLOWED -- AND SOME OTHER STRANGE LAWS BUT THEY HAVE BEEN CHANGED
Millionday: any representation speak, private sector representative in several joint committees that work to activate the investment and construction
In Prime Minister's Office has been chosen some of the characters to represent the private sector as well as in the Economic Committee of the Council of Ministers there labels also also named the advisers to some of them in committees
and this is a hash of effort, too, and now come to the Committee of Economy parliamentary and investment to announce the selection of a private sector Aydahzh things will lead to create chaos in the selection inevitably..
Millionday: The economic and investment commission held a meeting headed by MP Jawad al- Chairman of the Committee on Thursday, 02/04/2015 to discuss the proposals for amendment to the Iraqi Investment Law No. (13) for the year 2006.
The MP said Bolani During the meeting, the Commission has not only the recommendations of the committees to participate in the First International Investment Conference held in Baghdad for the period from 4_5 / 2/2015 with the participation of representatives from the concerned sector investment destinations, but
Millionday: MORE EXPANTION IN THE OIL RESOURCES
Millionday: THIS LOOKS AS IF THEY ARE FEELING MUCH MORE CONFIDENT
Millionday: Maysan Oil Company announced, on Thursday, announced the signing of a contract with CNOOC and Kul and Daegn Chinese companies to drill 21 oil wells and fields Bazerkan loose change.
Millionday: Omar Abdel-Latif, the Finance Committee in the House of Representatives revealed, that Iraq has lost over the past ten years, hundreds of billions of dollars in money that remains constant even laundering operations Now, confirming the formation of a sub-committee to follow up on this topic.
Committee member, MP for the mass change, Masood Haider said in a statement singled out the "morning": that the committee hosted Finance Minister Hoshyar Zebari, and the Governor of the Central Bank on the Keywords and director of the Anti-Money Laundering Department and President of the General Customs Authority he said, adding that the president
Millionday: NOTE --- THIS IS A HUGE MEETING
Millionday: NOTE -- THEY HAVE HAD -- LOSSES DUE TO MONEY LAUNDERING DURING THE YEARS OF NO POLICY-- THEY HAVE FORMED A SUB COMIITTEE TO MONITOR
Millionday: I CAN REMEMBER AND KNOW YOU CAN TOO ROBIN -- WHEN THEY STATED THAT THEY HAVE TO WAIT
Millionday: that took place during the meeting host theme is anti-money laundering during the past ten years, which cost Iraq have suffered losses amounting to hundreds of billions of Atarat
.oadhav that the committee was able to get a lot of information and documents confirming this thing and makes them suspect companies and offices Banking small works to convert those amounts to Iraq's neighboring countries,
indicating that the evidence points to the exposure of Iraq to the process of money laundering very large over the past years, which is still going on so far,
what prompted the Commission to hold the meeting host in order to stand in front of the continuation of this process in a position to destroy the economy Iraq, describing it as a "terrorist operations economically."
Millionday: NOTE -- OBVIOUSLY TO RESOLVE THE MONEY LAUNDERING THAT THEY HAVE SUFFERED WITH FOR YEARS IN THE PAST
Millionday: He accused Haider what he described as "big heads" to stand behind the money laundering operations in Iraq, noting that in the developed to be easy to make sure the person who buys foreign currency and hundreds of millions of banking system dollars,
but the lack of a bank electronic system can correctly work on it easily in such incidents has allowed a lot of field operations for corruption, forgery and fraud in the banking sector in Iraq.
Millionday: SO THIS IS THE GOOD NEWS IF YOU CAN SEE ME
Millionday: ok lets look at what they are talking about here
Millionday: the difference in what is accomplished by using the electronic banking --- see the issue
Millionday: with money laundering -- fraud-- counterfeiting -- etc has been resolved in so many ways due to the new advanced systems that it has almost been over night
Millionday: iraq has had a past of course that has impacted the country and the financial system but --- now the system they know nothing about
Bax: DId you notice in that article that they did NOT name the CBI governor... again
Bax: been like that for weeks now
Millionday: YES I DID AND WITH ALL THE REPORTS THAT WE HAVE READ IN THE LAST WEEK OR TWO EVEN -- I HAVE NOT SEEN A NAME EITHER -- HAVE YOU?
Bax: not once
Millionday: VERY INTERESTING TO SAY THE LEAST
Country: do you have anything on the smart cards being given out sunday
Country: I heard they were being passed out to 90000 Iraqi
Millionday: NOT YET -- IT APPEARS THAT THE SITE BEING REBOOTED WORKED SO LET ME LOOK -- I HAVE A FEW HAIRS LEFT LOL
Pablo: MD, do you know anything about this LOI that Poppy spoke of earlier this week?
Millionday: I WASNT HERE PABLO SORRY I MISSED IT
Millionday: Bank Rafidain aims and rational to diversify banking their services to sub for the public adoption of modern electronic methods along with other banking facilities.
He said the Rafidain Bank, the Ministry of Finance to use advanced banking technology for users of smart card in its branches inside and outside Iraq.
According to a ministry statement bank branches throughout Iraq provided full services for users of smart card issuing or withdrawn and the various categories.
Millionday: NOTE -- I READ SOMEWHERE THAT SOME OTHER COUNTRIES ARE CHANGING TO SMART CARDS AND THEY ARE TO MINIMIZE HACKING AND ARE THE MOST ADVANCED –
THEY DONT HAVE THE MAGNET STRIP AND ARE GOING TO BE A NEW TYPE OF CARD INTERNATIONALLY
Millionday: and on the beneficiaries of the card in the Gulf said that the Arab countries will be the first step and can beneficiary received salaries from there.
He pointed out that the bank went quick and advanced towards the use of steps banking technology that will help contribute to building capacity of its staff to be reflected positively on their customers.
Millionday: NOTE -- THE IRAQIS WILL BE ABLE TO USE OUTSIDE OF IRAQ ACCORDING TO THIS
Millionday: in the same context, Rasheed Bank has decided to facilitate the payment instruments pilgrims winners and non-winners of action in hot spots (Nineveh / Salahuddin / Anbar.)
and the transfer of another statement of the Ministry of the Director In Bank Mohamed Abdel Wahab confirmed that the new regulations issued by the Rasheed Bank allows the citizen review a number of branches that have been allocated for the disbursement of funds deposited instruments calculates the open body with the bank.
Millionday: NOTE -- THE ACCOUNTS WILL BE ACCESSABLE AS FAR AS THE BALANCE ETC BY THE NEW REGULATIONS THEY HAVE STATED HERE
Millionday: And that allocated branches are (Karkh / 23 Karkh district and branch student 520 Rusafa / Alboshjaa 519) and the province of Kirkuk (Babacrker / Branch June 1) and in Anbar province (gray) branch and the province of Salah al-Din Samarra Branch).
He pointed out that among the priorities of our work to provide facilities for the citizens in the hot spots, as well as for displaced people to ease their suffering in banking.
Millionday: He stressed that there are facilities other retirees in the hot spots were allocated two branches in Baghdad to pay salaries and two (Yarmouk branch of retirees Nineveh province / branch and fitness for retirees of Salahuddin province.
Millionday: SO THE OBVIOUS GOAL IS TO BE ABLE TO ACCESS BANKING FOR THE DISPLACED AND THE BENEFITS THEY ARE TO RECEIVE ACCORDING TO FEDERAL GOV ETC ---
THIS WOULD ALLOW THE CARDS TO BE USED GLOBALLY AND ALSO ADD CONFIDENCE IN BANKING AND ALSO ADVANCEMENT AS THEY HAVE BEEN WORKING ON FOR SO LONG --
Millionday: THIS IS WHAT I HAVE ON THE SMART CARDS AND IT IS HUGE IF YOU ASK ME -- AND SEEMS TO BE SHOWING HUGE BANKING PROGRESS -- WOW
MGM Millionday: Will they need a reality rate to do this? Not 1166 to one?
Millionday: THEY WILL NEED A GLOBAL PRICING INDEX CALCULATION TO USE THEIR BANKING CARDS IN OTHER COUNTRIES –
THEY HAVE TO EXCHANGE THE FUNDS TO BUY AT THE PRICING LISTED IN THE COUNTRY THEY ARE IN --- THE NATIONAL CURRENCY
wvchsr19: Do we know if any of our major banks are participating in this smart card program? Wells Fargo, Bank of America...etc.
wvchsr19: as possible locations to use the cards?
Millionday: I HAVE SEEN THAT IT IS POSSIBLE BUT AM NOT POSITIVELY SURE --
MGM Millionday: They will at least have to have a currency that is international right?
Millionday: THEY WOULD NEED TO HAVE AN INTERNATIONALLY RECOGNIZED CURRENCY AS THEY HAVE STATED AND ALSO HAVE CARDS AS IN VISA/MASTERCARD THAT ARE INTERNATIONALLY RECOGNIZED -- AS IN ANOTHER TYPE OF TENDER
Millionday: WE WILL MEET BACK HERE TOMORROW NIGHT TO SEE IF ANY UPDATES HAVE BEEN RELEASED AT 730 EST AND WE WILL NOT HAVE NEWSTIME ON EASTER SUNDAY ---