Post From Dinar Updates
Millionday News 5/15/16 Part 1 of 2
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MILLIONDAY: I WANT TO TAKE THIS TIME TO HAVE THE FLOOR
AS THE YEARS HAVE GONE BY MANY OF US HAVE HAD TO WORK AND MAKE UP FOR THE TIME WE HAVE SPENT WATCHING THIS == YES IMO WE ARE VERY CLOSE ==
BUT A SPECIAL THANK YOU HAS TO GO OUT TO THE MANY THAT HAVE STEPPED UP AND HELPED AS SOME OF US HAVE HAD TO START BUSINESSES AND WORK AND THE LIST GOES ON –
UNDERSTAND THAT THE NEWS THAT HAS BEEN BROUGHT BY SO MANY IS GREATLY NEEDED AND WE ALL THANK YOU == RCOOKIE -- WMWHITE -- AND SO MANY THAT HAVE HELPED IN THE FORUMS DESERVE GREAT RESPECT –
THE WHOLE REASON IS THAT WE ARE ALL ABLE TO BE HERE TOGETHER IN THE END == AND FOR THAT, RESPECT IS DUE --- THANK YOU ALL AND PLEASE KNOW THAT THIS IS NOT EASY AND ALL THAT HAVE HELPED -- WE TRULY THANK YOU
EVERYONE REMEMBER THE GOAL -- TO COME TO THE END AS FAMILY --- TREAT EACH OTHER WELL AND WE HAVE LIFELONG FRIENDS SMILE
MILLIONDAY: OK LETS LOOK AT WHAT WE HAVE == BRB WITH NEWS
MILLIONDAY: READ EVERY WORD == SMILE
MILLIONDAY: Economists and money sees the stage and experience experienced by economically Iraq since the (2003-2016) need to be analytical and pause and evaluation dedicated to building the national economy, according to a look a new strategy for the transition to a market economy, according to the program prepared by the new government and approved by the Iraqi Council of Representatives included six themes notably economic hub.
MILLIONDAY: NOTE -- IRAQ WILL NOW BE MOVING TO THE GOV PROGRAMS == THIS OF COURSE INCLUDES ALL REFORMS-- CONSTITUTION==INITIATIVES
MILLIONDAY: A member of the World Union of Arab Bankers Naseer Alnasiri: The government program stressed the need to implement phase mission towards building a strategy for the development of the economy and to support and develop the private sector to take its role in contributing to the new construction of the economy and diversify its resources for the budget without relying largely on the oil.
MILLIONDAY: NOTE == THE DIVERSITY FOR THE GDP (GROSS DOMESTIC PRODUCT) RELIES AND IS THE PRIVATE SECTOR
MILLIONDAY: He said in an interview with «morning »that the study of the economic reality that Iraq is going through now, according to the method of economic reform and strategic development of the private sector launched by the government in February 2015 needs to stand logical, scientific and economic on the most prominent themes that requires finding solutions and treatments in the first phase until 2017
MILLIONDAY: NOTE - THE COMMITTEE WILL BE MONITORING UNTIL THE BEGINNING OF THE NEXT YEAR == THI S IS MAKING IT VERY CLEAR THAT THE ECONOMIC REFORM IS MOVING FORWARD IMO
MILLIONDAY: and the second phase of the (2018 analysis --2 022) and the third phase of the strategy until 2030 , which will take over the private sector , where the leadership of the market, in order to build a proper introductions to move to the mechanisms of the market economy prompt.
MILLIONDAY: NOTE - THEY EXPECT TO BE A HUGE PRODUCT BRAND "MADE IN IRAQ" BY YEARS TO COME AND AT THE VERY LATEST BY 2030
MILLIONDAY: NOTE == WE DO KNOW THAT THE PLANS ARE WRITTEN THROUGH 2030
MILLIONDAY: benchmarks He said this requires the government to own all banking and industrial, agricultural and service fields to participate and cooperate in the implementation of strategic development trends and sector that achieve progress and intermediate goals and long referred to in the above.
MILLIONDAY: He noted the importance of involving the private sector a greater role in economic decision - making and leadership of the market - making by contributing to the improvement of the business in Iraq , environment and the investment climate is encouraging to attract national and foreign capital and encourage the achievement of partnerships between the public and private sector.
MILLIONDAY: NOTE -- IMO ALL COUNTRIES SHOULD INCLUDE THE PRIVATE SECTOR LEADERS MUCH MORE THAN THEY DO BUT -- THIS IS IRAQ'S PLAN AND A GOOD ONE -- ACTUALLY NOT A PLAN BUT WHAT THEY ARE GOING TO DO
MILLIONDAY: urged to contribute to the creation of a new legislative environment based on the terms of reference to Article 25 of the Permanent Constitution and strategies and laws on economic reform and private sector development so as to ensure its activation and its leadership of the market in the future.
MILLIONDAY: NOTE = A FREE MARKET ECPONOMY IS PART OF THEIR CONSTITUTIONAL RIGHTS
MILLIONDAY: He went on to the importance of the perpetuation and activating the partnership, dialogue and cooperation between the private sector and government, and contribute to the development policies, mechanisms and strategies and participate in the follow - up implementation of the resolution to move the programmed stages in time to a market economy.
MILLIONDAY: NOTE == OBVIOUSLY THIS IS THE PLAN TO ACTIVATE TO A PROMISED MARKET ECONOMY
MILLIONDAY: financing sources Alnasiri between the possibility of the private sector to work towards the provision of additional sources of financing of the general budget of the State of the adoption of the development and diversification of resources towards raising the proportion of other resources in non - oil GDP, as well as to encourage the establishment and development of micro, small and medium enterprises Pmaahakq comprehensive and sustainable , including the formation of specialized institutions for the purpose of development.
MILLIONDAY: NOTE -- THIS IS TALKING ABOUT THE DIVERSIFICATION THAT WAS ASKED FOR BY THE WTO
MILLIONDAY: He pointed out that the private sector can cooperate in ensuring the implementation of the central plans in the provision of infrastructure to encourage private sector development in industry, commerce, agriculture, tourism and mineral resources and energy and utilities, as well as activating the role of specialized banks and private banks to provide soft loans to the private sector and the national as well as finding solutions to the problems of taxes and accrued interest resulting from the owners of the stalled production projects and the development of short and medium - term fiscal policy solutions
MILLIONDAY: NOTE - THE PRIVATE SECTOR IS GOING TO WORK TO IMPLIMENT CBI'S PLANS AND GOALS FOR IRAQ -- WHOOPOW --
THIS IS WHAT THEY NEED AND OF COURSE WHAT ALL INVESTORS WILL GAIN FROM == THE REASON IS THAT THE DINAR HAS TO BE PRICED SO THEY CAN BE INTERNATIONALLY ACCEPTED
MILLIONDAY: active participation and pointed to the importance of coordination and cooperation with the ministries and financial institutions the statistical interested in building a base of financial and statistical information and ensure transparency, effective with the government and participate in the implementation of the restructuring of public companies and facilitate partnerships with the private sector measures,
as well as to contribute to ensuring the quality of local products and services and imported standards, stressing the importance of cooperation with relevant institutions in the rehabilitation and training resources human specialized in the private sector.
MILLIONDAY: NOTE == SO OBVIOUSLY THEY ARE REFERRING TO THE INTERNATIONAL STANDARDS
MILLIONDAY: Alnasiri urged to encourage private banks to invest in economic projects so as to enhance the proportion of its contribution to GDP and to accelerate the legislative amendments to achieve this goal, and work on private corporate governance and adoption in government and private institutions regulations legislation, seeking to pass legislation that will allow the involvement specialists and professionals from the private sector as members of corporate boards of public.
MILLIONDAY: SO AS WE SEE THESE ARE THE NEXT STEPS AND ALSO THE NEEDS OF IRAQ TO MOVE FORWARD IN THEIR ECONOMIC GROWTH
MILLIONDAY: OBVIOUSLY HUGE PROGRESS ON THE WAY == LOVE IT
dale: MD : Is it a discretionary call as to when the fair market value would be applied or would it be normally be before or after the stages of going to a market economy?
MILLIONDAY: IT WILL HAVE TO BE DONE BEFORE THEY GO TO MARKET AND ALSO BEFORE THEY GO TO SDR IF THAT TURNS OUT TO BE WHAT HAPPENS == EITHER WAY OUTSIDE OF IRAQ IT HAS TO HAVE THE GLOBAL EQUATION APPLIED
MILLIONDAY: THIS IS A FORMAL MEETING WITH IRAQ AND THE IMF -- READ EVERY WORD
MILLIONDAY: Iraq resumed negotiations with the IMF on a standby agreement Alantmaia financially to support it .
The Iraqi Finance Ministry in a statement on Saturday, "The government delegation, headed by the Finance Minister, Hoshyar Zebari, arrived in the Jordanian capital of Amman.
MILLIONDAY: NOTE == DONT FORGET --- IMF -- INTERNATIONAL MONETARY FUND
MILLIONDAY: The statement added, "The delegation, headed by Zebari includes both Governor of the Central Bank and economic advisor to the Prime Minister and senior ministries of oil and electricity, planning and BSA officials, as well as public bodies of Customs, taxes and retirement, experts of the Ministry of Finance and the Central Bank."
MILLIONDAY: WHOOPOW == WHAT A GREAT LIST