Millionday News 6/28/15 Part 1 of 2
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Millionday: Hussein al-Tamimi Tgb banking expert stressed the importance of legislation Islamic banking law, especially after it has achieved great success funded many of the investment projects.
said Dr. Sadeq al-Shammari during the annual meeting of the Islamic National Bank Islamic banks keep pace with developments in the the world in this field, noting that the bank was able to raise its capital to 251 billion dinars based on the directives of the Central Bank of Iraq.
Millionday: NOTE -- AS WE SAW YESTERDAY -- IRAQ IS WORKING ON PLACING LEGISLATION THAT COMPLIMENTS THEIR PLANS OF REFORM
Millionday: NOTE -- THIS IS THE MOVE TO THE ISLAMIC BANKING LAWS WE READ ABOUT
Millionday: OH AND
Millionday: He pointed to the development of the work of Islamic banks need to simplify the central bank measures, particularly in the Detailed buy properties for banks,
pointing out that the success of Islamic banks lies in its assets in support of the assets of its work, noting the importance of issuing official approvals during the time periods acceptable.
He pointed out that the National Bank is working to provide advanced services to beneficiaries of companies and citizens,
pointing out that the volume of credit promissory exceeded the trillion dinars over the past year, while the amount of letters of guarantee amounted to 933 billion dinars, noting that the volume of deposits last year touched the 243 billion dinars.
Millionday: NOTE -- IF YOU LOOK AT THE ASSETS OF THE US OF A YOU WILL SEE HOW MUCH THIS IS A PART OF BANKING
Millionday: US OF A -- >>>http://www.federalreserve.gov/monetarypolicy/bst_fedsbalancesheet.htm
Millionday: NOTE -- THIS IS REFORM
Millionday: Shammari pointed to the expansion of Islamic banking in the world and regional area and are striking, especially as more than 600 bank worldwide branches scattered in most of the cities with assets of more than $ 3 trillion achieved an annual growth rate exceeding 30 percent of the market share of the banking business,
He pointed out that the Islamic finance operations have become the focus of attention of many peoples of the world.
Millionday: NOTE -- THIS MEANS THAT INTERNATIONAL BANKING WILL BE THE ENTIRE CONCEPT OBVIOUSLY
Millionday: And the possibility of employing the banks of the Global Islamic efforts in serving the national economy through building bridges of cooperation between our banks and banks of the world,
noting that participation in international conferences contribute to building bridges of cooperation sophisticated banking effort,
which has the modern technologies that fit and stage of economic development that was sought by the country and the requirements of the banking sector is able to efficiently handle large amounts of money which employs in large investment projects.
He concluded by urging the relevant authorities to create conditions for the development of Islamic banking conditions in Iraq in light of the achievements of the fan base in a short period.
Millionday: SO -- THIS IS THE MEETING AND THE PLAN -- NOW THEY HAVE CALLED FOR ALL OF THE LEGISLATION TO MOVE FORWARD WITH REFORMS --
beth: Could this be leaning towards the RV?
Millionday: THIS BANKING REFORM
Millionday: ALL REFORMS COMPLIMENT EACH OTHER SO ALL REFORMS WILL HAVE TO BE DONE AT ONCE
beth: if international banking is utilized would they have to have an international recognized currency
Millionday: THEY WOULD HAVE TO BE RECOGNIZED INTERNATIONALLY
_firefly_ Millionday: Sure smells of Basel 3 compliance to me !
Millionday: I AGREE
Millionday: Center Brief for the Iraqi Media Network (IMN) - the central bank announced its readiness to launch five trillion dinars to contribute to the revitalization of the business market of Iraq,
noting that the launch is dependent on the receipt of government instructions regarding the distribution of funds to the specialized banks process, as well as monitoring mechanisms in collaboration with the Economic Commission in the House of Representatives.
Millionday: NOTE -- THAT IS NOT A LOT IN THE POSITION THEY ARE IN
Millionday: The governor of the Central Bank on the Keywords for (IMN) that "the central plays a big role, as well as attention to economic development, at a time that has seen inflation of previous years and the central role of the withdrawal of liquidity, but now the market is in a state of deflation so we inject liquidity to revive the Iraqi economy." .
Millionday: NOTE -- ITS TIME TO PUT IT ALL IN ACTION --- DEFLATION IS NOT A GOAL ESPECIALLY WITH THEIR RICHES
Millionday: "The money is ready and we are only waiting for the government give us instructions and the mechanism to follow up and monitor the money to be distributed to specialized banks,"
adding that "according to the Economic Commission will be allocated 2 trillion Industrial Bank and 2 trillion Agricultural Bank of the importance of these banks in the Iraqi market."
Millionday: SO THIS IS AN ANNOUNCEMENT THAT CBI IS READY TO FUND --- WHOOOPOW-- SO WHAT IS GOING ON IS THE CHANGE TO THE NEW LEGISLATION
Millionday: NOTE -- THIS IS THE TOP BANNER FOR THIS
Millionday: >>>>>>>>It has achieved a significant expansion in the world <<<<<<<<<<
Millionday: NOTE -- CAME WITH APPROVAL
Millionday: HERE WE GO READ EVERY WORD -- SMILE
Millionday: General Secretariat of the Council of Ministers circulated recommendation of the Committee on Economic Affairs of the Council of Ministers, which included the approval of the protection of national products for the purpose of revitalizing the work of the private sector,
economic advisor to the prime minister that there will be exemptions from taxes and facilitate loans for industrialists who included their products protected likely from the National Endowment for Bank initiative
Antrza.otdment local products protected materials list: "concrete additives, drip irrigation systems and parts thereof (plastic pipe, filter, and fertilized), chilled water pump, cement normal, portland cement resistant to salts, sulfur, bricks potter, shoe Service military, military Suit, military and scope, prayer mat, a drop of mouth "Venstal", Pepsi-Cola, Diet Pepsi, Seven Up, Seven Up Diet, Miranda each Nkhadtha, and Mountain Dew - Shani
Millionday: LOANS FOR >>> products protected likely from the National Endowment for Bank initiative Antrza.otdment local products protected materials list: "concrete additives, drip irrigation systems and parts thereof (plastic pipe, filter, and fertilized), chilled water pump, cement normal, portland cement resistant to salts, sulfur, bricks potter, shoe Service military, military Suit, military and scope, prayer mat, a drop of mouth "Venstal", Pepsi-Cola, Diet Pepsi, Seven Up, Seven Up Diet, Miranda each Nkhadtha, and Mountain Dew - Shani
Millionday: SEE THE PRODUCTS
Millionday: WHHOPOW AND TAX SAVINGS
Millionday: NOTE -- THIS IS THE ACTIVATION OF INDUSTRY
Millionday: . He said Chancellor d. The appearance of Mohammed Saleh in a statement the "morning": that "the most important means of national protection product application of the customs tariff,
which is not a way to collect only, but mainly in order to give strength similar to the importer of dumping commodity for national products.
Millionday: NOTE -- THEY DO NOT HAVE TAXES JUST TO GET RICH -- THIS ALSO APPLIES A REQUIRED CUSTOMS AND PRODUCT PROTECTION THAT IS REQUIRED BY THE WTO ---
Millionday: NOTE -- THIS APPEARS LIKE THEY ARE GOING TO WORK
Millionday: Said Saleh, said that the recommendation of the Economic Commission charged Referring to government will Avenue in the national product support and stimulate the private sector,
especially as the country is packed with imported products that led to the paralysis of the National Industries for the licenses prices for the citizen, on the contrary national product,
which suffers from high cost for several reasons, including hand the cost of labor and productivity and lack of energy electrical, as well as the lack of support for the industrial sector, whether public or private.
Millionday: NOTE -- SALEH IS SAYING THAT THE MONEY SHOULD GO TO THEIR OWN NATIONAL PRODUCTION --- "MADE IN IRAQ"
Millionday: Chancellor pointed out the value of Iraq's imports of dairy products and ice cream last for 2014 amounted to "dollars and a half billion",
while Iraq has the factors and the basic components of these products, stressing the need to impose tariffs on imported products and similar products Aloutnah.ama for the actions of other non-tariff
Millionday: NOTE -- BUT THEN SALEH SAID >>> Faragh Saleh, said that there should be exemptions from taxes and facilitate loans for industrialists who included their products are protected from the National Fund of the Central Bank initiative, as well as investment and industrial development laws facilities.
The text of mainstream Secretariat General of the Council of Ministers on the continuation of the committee formed by the study affaires to ensure the implementation of the protection of Iraqi Products Act No. 11 of 2010, the functions of its business.
Millionday: EXACTLY --- GET OFF YOUR ....AND GET IT ROLLING
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