Millionday News 4/27/15 Part 2
Welcome to dinarupdates.com for News Time with Millionday!!
Millionday: NOTE -- THE CALL FOR ACTIVATING THE INVESTMENT AND TO USE THE IMF FUNDS TO GET EVERYTHING UP AND RUNNING –
ALSO A HUGE POINT HERE IS THE CALL TO ACTIVATE THE PRIVATE BANKS AND THE GOVERNMENT---
ROLES IN SUPPORT OF THE ECONOMIC DEVELOPMENT FOR THE COUNTRY --- THIS IS GREAT NEWS –
THEY HAD STARTED WITH THE STEP OF WORKSHOPS WHEN THEY TOLD US CBI WERE READY TO MOVE FORWARD WITH THE RAISE IN VALUE AND THE INTERNATIONAL RATES BEING CALCULATED –
THE FIRST ONE WAS TO BE ABOUT WHAT ROLE EACH PRIVATE BANK HAS IN IRAQ`S ECONOMICAL DEVELOPMENT FOR THE COMING STAGE AT THAT TIME ----
SO TO CALL TO ACTIVATE THIS ROLE IS OBVIOUSLY VERY EXCITING
Millionday: He stressed the punitive "The work is underway In the House of Representatives, through the relevant committees (financial, economic, legal, and the Presidency) to detect the process of smuggling 200 billion Iraqi dinars out of the country during the past years,
"pointing out that" Parliament is working on a mechanism to see how the money was smuggled out of Iraq, and what reasons that led to it, revealing the bodies shortened. "
He also added that "Article 50 of the Budget Law, which states determine the sales ceiling of foreign currency at the central bank auction and set at $ 75 million a day is one of the reasons the money smuggled out of the country."
Millionday: NOTE -- THEY ARE TRYING TO RESOLVE MONEY SMUGGLING IN THE COUNTRY AND TRY TO FIND OUT HOW ITS BEING DONE ----THEY ARE SAYING HERE THAT THEY DID NOT MEET DEMAND AND BELIEVE THAT IS WHY THE DINAR HAS BEEN SMUGGLED --
Millionday: The member of the Finance Committee that "the crisis through which Iraq currently, lies the adoption of the country on the rentier economy through oil and export it to extract",
calling for "investment associated with natural resources to extract crude oil such as associated gas, which burns without benefit from it."
He said punitive to "Iraq has a lot of natural resources such as sulfur and phosphate untapped did not take advantage of them," he said, adding that "the state did not work in the previous period to bridge the Iraqi consumer needs of the petrochemical industries, the government relies on the import of foreign in a lot of material that can be locally made. "
Millionday: NOTE -- THE PROBLEM IN IRAQ ACCORDING TO THIS IS THE GOAL BEING A MARKET ECONOMY INSTEAD OF REALITY BEING A MARKET ECONOMY --- I AGREE LOL
Millionday: He continued by saying, "In the event was invested manufacturing and associated gas and natural gas fields, it will provide at least 40,000 of the workforce and contribute to the eradication of the problem of unemployment."
He called to "activate the agricultural and industrial sectors as well as the activation of the tariff law customs and increased duties on agricultural products imported from outside the country,
and the granting of the necessary Iraqi farms and provide fertilizers and chemical supplies agriculture facilities, as well as providing banking facilities to encourage Iraqi farmers instead of importing, which will contribute to the recovery of the Iraqi market. "
Millionday: NOTE -- HERE IS THE CALL TO ACTIVATE THE AGRICULTURAL AND INDUSTRY SECTORS –
AND ACTIVATE THE TARIFF LAW AND CUSTOMS AND ALSO TO INCREASE DUTIES/FEES--
AND ALSO THE CALL TO ACTIVATE THE LICENSING AS WELL ---
THEY ARE ALSO CALLING FOR THE BANKING FOR FARMERS AND AGRICULTURE TO BE ACTIVATED AS WELL -- REFORMED
Millionday: He noted that "the Iraqi government is serious in activating the investment sector, and call upon them to work more in order to get out of the crisis faced by the country in the current period. "
parliamentary finance committee and announced (April 6 this month) for the formation of a pentagonal committee to follow up the money laundering and smuggling of dollars out of the country operations.
Millionday: >>>>>A member of the Finance Committee Parliamentary pros Hamadoun in an interview for the "long" that "the Iraqi currency suffer from low against the dollar, which led to the need to form a committee to follow up the money laundering and smuggling of foreign currency operations committee was formed to follow up on this matter and verify it,
" indicating that "the Commission will be includes members of the Economic Commission, Ministry of Finance, in addition to the General Authority for Customs and taxes. "
Millionday: NOTE -- THEY HAVE FORMED A COMMITTEE TO FOLLOW UP ON THE CURRENCY ISSUES
Millionday: NOTE -- ANY LOSS TAKEN BY A BUSINESS OR COUNTRY OR ANY ACCOUNTED FINANCIAL OPERATION CAUSES AN ECONOMIC RESULT THAT IS ALWAYS NEGATIVE –
SO IRAQ MUST RESOLVE WHERE THE DINAR IS GOING ETC
Millionday: She said Hamadoun saying that "the Commission will follow up the work of the Central Bank and the amounts of money that will be sold, in addition to the follow-up work of the government and private banks, which sells large numbers of the dollar,"
pointing out "The members of the committee are determined to work very seriously to pursue violations and corruption, which gets a result of money laundering and smuggling of currency abroad,"
predicting that "stop currency manipulation will contribute significantly to the decline in the dollar rate against the dinar."
Millionday: SO THE COMMITTEE WILL BE WORKING WITH CBI TO MONITOR VIOLATIONS
Millionday: WHOOOPOW - I AM STARTING TO SEE AN ACTIVATING PATTERN -- LOVE IT !!!!!!
Millionday: SO ALL THIS ACTIVATION AND THE WARNING TO BANKS TO PROTECT THE INTERBANK MARKET ALL IN ONE WEEK -- IS ALL GOOD NEWS -- SMILE
Millionday: THIS IS THE REASON WHY THIS IS SO EXCITING RIGHT NOW TO ME >>>>Governor of the Central Bank, on the Keywords, Sunday, on the government to carry out a reform operations economical to maximize other resources other than oil.
Alak said for "tomorrow's Press," that "it is necessary to activate a lot of procedures that restore financial and economic system in the country "asking" big reform process enhances efficiency, financial, economic, achieving address the economic situation in the future. "
Millionday: WHOOOPOW -- AND LOOK WHAT WE HAVE -- WOW
Millionday: SO LET ME SAY THIS
Millionday: WE HAVE KNOWN THAT THE NEWS IS SOMETIMES A FEW DAYS OR SO BEHIND AND WE LOOK FOR ACTION TO SEE IF WE CAN FIND THINGS BEING DONE TO SUPPORT WHAT WE HAVE READ
Millionday: READ EVERY WORD OF THIS -- AND LOOK AT THE MINISTERIES INVOLVED
Millionday: The Ministry of Agriculture of Jordan, on Monday, for the resumption of the export of its products to Iraq by road, while the expected increase in export rates gradually.
He said the Media Centre of the Ministry of Jordanian agriculture, Namir Haddadian director, in a statement, quoted by the Jordan News Agency, Petra, and I followed the (long-Presse),
that "the ministry resumed today export Jordanian products by road to Iraq," noting that "the land route leading to Iraq and open it expected to export rates increase gradually. "
Millionday: He Haddadian, that "the return of the export process by road indicate that it is a good walk."
It is noteworthy that the deteriorating security situation in some provinces of Iraq and cut the number of main roads as a result of battles with al (Daash) led to a decline in road traffic between Iraq and a number of neighboring countries, including Jordan, which had a negative impact on the country's economy.
Millionday: SO WHEN WE PUT TOGETHER THE INFORMATION ON THE ECONOMIC CONDITION -- WE SEE IMPORTS PICKING UP AND ALSO SEE A RAISE IN OIL PRICES -- WHOOOPOW
Millionday: WOW LOOK AT THIS
Millionday: READ EVERY WORD -- >>Many citizens complained and complained because of the failure of some private banks to provide the amounts Ihtajoha according to their assets, while the government indicated its intention to raise the establishment of an insurance company law and to ensure the financial deposits.
Millionday: NOTE -- THE IRAQI BANKS ARE ACCORDING TO THIS OUT OF MONEY OR DONT HAVE ENOUGH ---- SMILE
Millionday: And the transfer of citizens complained to the agency / BD / could not be those banks to provide funds deposited and give them time to be able to manage the bank Toviha especially difficult,
including currency, wondering about the strange style posed departments of banks offer properties for sale or Eshraeha solution instead of the money deposited.
Millionday: NOTE -- THEY HAVE ASKED THE CUSTOMERS TO HAVE PATIENCE FOR JUST A LITTLE BIT AND HAVE OFFERED PROPERTY ETC TO CALM -- THIS WONT LAST LONG -- THINK ABOUT THAT
Millionday: Said one of the owners of companies declined to be named for JD: The North Bank, offered him the real estate in Baghdad against the money deposited with the bank,
adding that the bank can not be the existence of the debt of some of the ministries have not been paid, in addition to find some contractors who received loans and facilities worth more than the 400 billion dinars for the payment of the discharged on the grounds.
Millionday: NOTE -- WOW THEY MUST SEE A LIGHT AT THE END OF THE TUNNEL WITH AN OFFER LIKE THAT --
Millionday: He added that the financial situation of enterprises and institutions associated with the north bank became weak, especially because of the bust work pay dues.
Turn adviser Prime Minister for Economic Affairs, said the appearance of Mohammed Saleh in a statement to the Agency / BD /: "The problem facing temporary and banks, it is not, as some think it's a losing but facing a crisis deposits and flow of liquidity and irregular,
" calling "the central bank to tighten its control and follow-up on the banks, private and civil checking constantly to avoid liquidity problems arising. "
Millionday: NOTE -- THIS IS REPORTABLY A TEMPORARY PROBLEM -- WHOOOPOW
Millionday: NOTE -- LOOK FOR INTERNATIONAL COMPLIANCE FOR A RESOLVE IN THIS SECTION --
He added: "We are working to establish a private insurance company and guarantee deposits of citizens, and the formulation of a draft law in cooperation with everyone, including civil and government banks and submit it to parliament for approval,"
pointing out that the company law will be strongly Banking Act of censorship hand and keep depositors' money and speed up in addressing any problem facing the banks and restore confidence quickly to those banks that have undergone a management official licenses and legal undertakings operate under.
Millionday: NOTE -- INSURANCE GUARANTEES -- ETC --- DO NOT FORGET THE VERY IMPORTANCE OF PROTECTION FOR THE INTERBANK MARKET
Millionday: He consultant Abadi "The banks are working to recover a private high amounts of money loans their money and then provide cash and address the imbalance and give depositors amounts request one at any time they want," noting that "the central bank put some banks under the tutelage until the correct work and ensure the rights of citizens. "
Millionday: NOTE -- ALL OF THESE STEPS AND THE PLANS BEING MADE ARE TO ADD CONFIDENCE -- IT IS VERY REFLECTIVE IN THE MARKET -- AS WE HAVE SEEN HERE IN THE US
Millionday: NOTE -- SALEH >>>Saleh was noted in the time previously told / BD / that slough some banks from paying the full amount requested by the applicant under the pretext of lack of financial liquidity is contrary to the laws and requires the intervention of the Central Bank of Iraq,
Millionday: NOTE -- OBVIOUSLY THEY ARE NOT PREPARED FOR COMPLETE LIQUIDITY BUT ARE SUPPOSED TO HAVE 30% -- ALL REGULATIONS BEING SET WILL RESOLVE A LOT OF THIS
Millionday: stressing that the control and banking department of the Central Bank of Iraq is responsible for monitoring the safety of liquidity banks and financial flows and consider complaints and take measures to speed up the check because of non-payment of the banks and the amounts requested by the owner of the funds deposited in the custody of those banks at any time he wants,
Millionday: SO AS WE SEE HERE -- CBI IS TO BACK UP ANY DEMAND GREATER THAN THE COMPLIANCE % SET -- HOWEVER THEY HAVE TO KEEP THAT AMOUNT IN THE BANK AT ALL TIMES --
jtank: This does not look good for the banks when the Iraq people are already skeptical of using the banks for fear of what is going to happen--
Millionday: THIS LOOKS AS THOUGH TO ME -- HUGE PRESSURE FOR A QUICK RESOLVE –
THAT IS EXACTLY WHAT THEY DO NOT WANT AND ALONG WITH A "RUN ON THE BANKS" –
IT WOULD BE A NIGHTMARE FOR THEM SO THE CALL FOR THE BANKING REFORMS AND ALL THE REST --COULDNT COME AT A BETTER TIME
Millionday: WHOOOPOW -- HERE WE GO
Millionday: Said Saad al-Hadithi, spokesman for the office of Iraqi Prime Minister Haider al-Abadi, that "there is a spike in the graph of the level of export oil through the Kurdistan region,
which is an indicator through the Federal Ministry of Oil Company (SOMO) and this enhances the atmosphere of application of the Convention in full, and move forward towards its adoption as the basis of the relationship between the Federal Government and the Government of the Territory. "
Millionday: NOTE -- THE CALL TO APPLY THE ENTIRE CONVENTION -AND IN FULL -- WHOOPOW
Millionday: Sabri said in a press statement that "the implementation of the agreement in full and access to the agreed production ceiling it will be a factor binding to Baghdad because the specialty or pay the agreed expenditures within the financial means available."
Millionday: NOTE -- THE ENTIRE ACTIVATION OF THE AGREEMENTS MADE
Millionday: He said there is a "hardship financial experienced by the country, but the rise in oil prices in the global markets and the rise of Iraq's oil exports if they are actually accessible to the agreed level of production by the government of the province and the federal government,
will boost imports of Iraq and end the financial distress and push for implementation of the agreement in full by the federal government to meet its financial obligations to Erbil,
and commensurate with the size of the product and the volume of imports, which date back to the federal budget and divide it fairly to all parts of Iraq, "
Millionday: SO THEY ARE SAYING THAT IT IS TIME TO ACTIVATE THE ENTIRE CONVENTION/ERBIL AGREEMENT AND ALSO THAT THIS WILL ALSO COME WITH PAYMENT AND FINANCIAL TERMS BEING MET FOR ERBIL AND THE CITIZENS THROUGH THE >>>>>BUDGET
Millionday: THEY HAVE BEEN PLANNING THE NATIONAL RECONCILIATION FOR A VERY LONG TIME -- I HAVE TO SAY IMO THIS WOULD DRIVE THEM TO THE POSITION TO HOLD IT AS WELL
Millionday: LOVING TONIGHTS NEWS
Millionday: GOODNESS CAN YOU BELIEVE THE HUGE AMOUNT OF ACTIVATIONS
Millionday: THIS IS HUGE HUGE
Millionday: AND WHAT IS NOT THE SHOCKER ---->>>>>>>>>THEY ARE TALKING ABOUT THIS ALL AT THE SAME TIME -- HMMMM
Millionday: VERY ENCOURAGING NEWS NIGHT FOR SURE -- SMILE