Millionday News 8/25/14 Part 1
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[millionday] THERE IS A LOT GOING ON WITH CBI AND WE ARE GOING TO CHECK IT OUT SMILE
[millionday] K HERE WE GO --Hussein al-Tamimi Tgb adoption of the foundations of financial discreet in the management of the monetary sector represents the most important steps to achieve economic development, this was confirmed by (experts in economic affairs), departing from the mechanisms adopted by the Central Bank of Iraq to address the problems experienced Financial sector previously,
They confirmed the existence of steps adopted by the Central cemented its program of work.
break the monopoly of the economic expert Fares al-Rubaie pointed out that the central bank's measures adopted boosted the prestige of the private banking sector,
for its role in maintaining the capital of depositors and investors, pointing out that the most prominent steps adopted by the Central break the monopoly of remittances to buy the dollar,
[millionday] NOTE -- CBI IS PREPARING THE MONETARY POLICY WITH ALL OF THE PRIVATE BANKS AS WELL
[millionday] by giving greater opportunity for private banks and money transfer companies and banking companies to participate in the auction currency.
streamlined sales and added in an interview for the "morning" to tighten control over the auction sale of the currency (dollar) and remittances is positive, especially that he was accompanied mechanism did not disrupt the flow of the sale and availability of hard currency in the local markets,
indicating the importance of initiating Central to make the members of the boards of directors of private banks are law-abiding, especially those who were Ikhrkonh ignorance,
[millionday] NOTE -- THIS IS THE MINIMIZING OF BILLS WITHOUT THE LOSS OF ENOUGH CURRENCY IN THE MARKET
[millionday] indicating that this procedure is the calendar for the work of the private banking sector. legal ways and pointed out that the central depends ways various legal to keep the money of depositors and shareholders, indicating the presence of Angels experience high working on the follow-up mechanisms to keep the money in spite of the many variables facing their work,
and so we can say that the spirit of the law applied in these procedures. pointed out that although inter measures adopted by the central work But he did not live up to the level of ambition,
stressing the importance of that going efforts of the Central Botaúr mounting, through human capacity building fortified and the development of units and structures in line with the modern and the evolution of the crimes banking and corporate law (banking companies to contribute)
[millionday] NOTE -- LETS SEE IF YOU ARE PAYING ATTENTION
[millionday] called vernal reconsider legislation Legal regulating the banking business private, especially as the capital of private banks exceeded the barrier of 300 billion dinars, as well as expanding numbers of local banks and the entry of branches of regional and international banks.
achieve the goals either banking expert Samir protagonist has confirmed that the followers of the stages through which applications of monetary policy in Iraq after the issuance of Iraqi Central Bank Law 56 of 2004 and the Banking Act 94 of 2004 it became clear that the CBI has succeeded in achieving the goals central to monetary policy in the stability of the monetary system and cope with waves of inflationary after the significant improvement in the exchange rate of the Iraqi dinar.
[millionday] NOTE -- CBI IS PREPARED TO LAUNCH THE MONETARY POLICY BUT ALL BANKS MUST FOLLOW THE REGULATIONS THEY HAVE IN PLACE SMILE
hstrymknwmn] I see significant improvement of exchange rate of Iraqi dinar?
[millionday] interest rate and said that the building of reserves in foreign currency led to build the foundations of a solid in maintaining the building economic stability and external open a wide range of investment as the positive role played by the interest rate in reducing hyperinflation annual basis in 2006 to about 5.6 percent in 2012,
as well as to identify the phenomenon of dollarization and Almdharbh.ofatt to The Iraqi Central Bank has succeeded in maintaining its independence and through Astqraúna and our analysis of the reality of the monetary policy and the experience of previous years,
[millionday] NOTE -- THEY ARE WORKING TO ENSURE THAT THE MONETARY POLICY IS BETTER THAN BEFORE AND ALSO IMPROVED IN RESULTS
[millionday] , we hope the Board of Directors of the CBI study the proposals for the development and modification of some episodes of monetary policy currently applied and thus contributing to the restructuring and reform of the private banking sector and enhance the role of banks
to move from the role of financial intermediation to the developmental role which is a modified strategy for monetary policy currently approved and proposed policies and processors are required for banking reform for the next phase outlining a new strategy for the banking sector for the next five years.
millionday] SO AS WE SEE THEY ARE CONTACTING ALL PRIVATE BANKS AND MAKING SURE THEY ARE PREPARED –
ALLOWING ALL OF THOSE MEETING STANDARDS TO BE PREPARED AND MEETING REGULATIONS TO MOVE FORWARD ---
[millionday] Two experts confirm the success of monetary policy in evaluating the performance of BANKS SMILE
[millionday] WE CALL THIS PROGRESS SMILE -- BRB WITH MORE
millionday] Hashemi said the academic economic Dr Majid Baidhani that attention exports of the private sector of raw materials and manufactured would revive the economy through the activation of intra-regional trade, including contributing to modify the balance of trade.
stressed that the development of exports would run a number of additional manpower in the manufacture of some materials and re-manufactured so as to contribute to absorb a proportion of unemployment and employment in the sector Alkhas.
waodh that the Ministry of Commerce has identified materials that can be exported to the side to prevent other materials from export
[millionday] NOTE -- THIS IS ABOUT THE BEGINNING OF EXPORTING FOR THE PRIVATE SECTOR
[millionday] noting that there are 207 different materials can be exported against 73 material are banned from export by the private sector being serving the local industry and economy Aldakhala.
utaba as stipulated in the granting of the license export to be the source holder of the identity of the export granted by the Company for services and trade fairs of the Ministry of Commerce,
and the material is exported from the lists of Iraqi goods available for export, and the most important conditions is supplying the amount of material exported in advance by opening the letter of credit in favor of the source at a bank and a letter of guarantee worth Article exporting and bank transfer incoming favor of the source from abroad.
[millionday] NOTE -- SO THERE WE HAVE IT -- THEY HAVE STATED THEY CAN EXPORT 207 ITEMS
[millionday] mentions that the most prominent materials that can be exported by the private sector is the wool of different kinds and sheepskin semi-manufactured and manufactured, dates and cigarettes of all kinds, cotton and ammonia
The Fish and the number of products and agricultural crops and seeds and palm trees
Zeinh.kma that the most prominent prohibited substances of export are rice, amber, barley and Arabian horses, except for females and sand General and stone two solutions and alabaster Iraqi factory and feed the fish and feed additives for poultry, deer and timber communities.
millionday] SO WE ARE SEEING THE BEGINNING OF EXPORTING FOR THE FARMERS –
AND REMEMBER THAT TODAY THEY STATED THE ARAB REGION IS SETTING UP AN AGRICUTURE UNION SET UP AND OUT OF BAGHDAD SMILE
[Redmon] Did you read this article and if so what did you think? Economic performance in the development of Iraq did not materialize and the time lost a lot from him Mohammad Reza Sinan Shabibi
millionday] IT MEANS THAT THE ECONOMIC REFORM NOT BEING ACTIVATED ALREADY HAS COST IRAQ IN FUNDS AND PROGRESS THEY COULD HAVE ALREADY BE SUCCEEDING WITH
[cookie] So are they saying they are actually exporting now, even before the rate change??
[millionday] THEY MEAN THAT THEY HAVE APPROVED 207 SO FAR BRB WITH MORE
[millionday] WOW THIS IS A WHOPPER
[millionday] Ended General Secretariat of the Council of Ministers, ministries, all of the preparation of ministerial portfolios to be handed over to the Prime Minister and his ministers in the new,
and includes bags that performed for the first time full details of the nature of the work of the ministries and current projects and future plans.
said a government source in the committee in charge of their preparation for "morning": that in the framework of the democratic transition and the peaceful transfer of power between the Prime Minister and Cabinet
[millionday] NOTE -- ALL WORK AND EXPECTATIONS OF ALL MINISTER POSITIIONS AND THE PM TRANSFERED
[millionday] formed the General Secretariat of the Council of Ministers earlier this year for the central committee of the Cabinet and sub-committees in all ministries, mission preparation of ministerial portfolios are placed on the table the new prime minister and his ministers,
as it ended ministries all of the preparation of the bags own and handed over to the General Secretariat of the Council of Ministers, explaining that the bag one containing full details and accurate paint a clear picture of the work of the ministry to be the new minister fully aware and high potential to continue the functions of the ministry entrusted to him.
millionday] NOTE -- EACH PERSON IS HANDED OVER TO THE ONE HOLDING THE POSITION HANDED OVER TO THE GENERAL SECRETARIAT OF THE COUNCIL OF MINISTERS
[millionday] source added that the details in the bag include the number of employees in the ministry and the number of its departments and formations with its organizational structure and administrative, in addition to the tasks undertaken by the ministry such as projects ongoing and ratios completed and commissioned with future projects and full details on stalled projects and causes,
pointing out that the details up to the extent of phone numbers of other ministries and institutions, the media and those who dealing with the ministry, adding that this technique depends scientific sober for the first time in the government.
[millionday] SO WHAT THIS IS WE CALL ACTUAL ADMINISTRATIVE DUTIES AND ORGANIZATION
[millionday] LOVE IT BRB WITH MORE
[faith1] if portfolios handed over,,, as stated,,, then it is done,,, new GOI... right ??!! and then says ,, peaceful transfer of power between the Prime Minister and Cabinet... WOW
[millionday] TRANSITION OF PORTFOLIOS -- ALMOST DONE IS WHAT THIS MEANS
[millionday] HERE WE GO TO BE HONEST I STRONGLY DISLIKE THAT TRANSLATION