Millionday News 7/26/15
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Millionday: NOTE -- THE LACKING ON INVESTMENT LAW WAS THE INVESTOR INTERNATIONAL
Millionday: Center Brief for the Iraqi Media Network (IMN) - national investment made it clear that the amendments made by the parliamentary committee on economic investment law would be the great protection for the investor, where required all government agencies and others in collaboration with a balanced way to ensure the right of both parties.
Millionday: NOTE -- THE AMENDMENTS ARE BEING ADDRESSED THROUGH THESE MEETINGS
Millionday: READ EVERY WORD ON THIS -- BARRIER--
Millionday: The head of the Investment Authority Sami al-Araji's (IMN) "The amendments put on the investment law, fundamental and important, and if approved shall serve the investment,"
adding that "amendments are real suffering we found in the field of investment, and therefore they were introduced in the law to ease the suffering of investors and investment bodies in the provinces National Authority for Investment. "
Millionday: NOTE -- HUGE HUGE NEED FOR THESE CHANGES
Millionday: Araji said that "there are many privileges in this Act, including investor protection and care of employees and requiring all government agencies to cooperate with it in a balanced way guarantee the rights of both sides."
Millionday: NOTE -- THE MUCH NEEDED PROTECTION OF THE INVESTOR
Millionday: The proposals and amendments approved by the parliamentary committees on investment law will be presented early next legislative term, to approve the legislation and approve the most important statement in the amendments, especially in the involvement of 75% of the Iraqi labor in investment projects.
And heavily influenced by investment market in the past two months, due to higher US dollar exchange rates against the Iraqi dinar, but does not remedy the central bank to put the country's real financial crisis.
Millionday: SO AS WE SEE -- THE INVESTMENT LAW HAS BEEN ADDRESSED AND AMENDMENTS WILL NEED TO BE MADE INTO LAW AS AMENDED
quicktolegit96: WHEN IS NEXT LEGISLATIVE TERM?
Millionday: I WILL HAVE TO SEE WHAT THE NEW IS -- I WILL GET BACK TO YA
GrannieAnnie: So was the Investment Law voted through even though they need to do amendments to it?
Millionday: IT IS LAW WITH NEEDED AMENDMENTS FOR INTERNATIONAL INVESTMENT
Doodle Brain: Do Amendments need to go through the same process of 1st, 2nd 3rd readings?
Millionday: THE REPORT STATES IT GOES FOR VOTE BUT I DONT BELIEVE IT DOES NOT GET READ FIRST
Millionday: IT IS ONLY 2 READS AND VOTE NOT 3
Millionday: I CAN IMAGINE THIS IS NOT GOING TO BE A SLOW PROCESS AT THIS POINT
Millionday: READ EVERY WORD AND LOOK AT DATE
Millionday: Baghdad announced the central bank, Sunday, his intention to put up bonds for the benefit of the Ministry of Finance worth two billion dollars, and as pointed out that the bonds due and payable by the end of 2016, said it can be used as collateral for loans or facilities require collateral.
The bank said in a statement received by Alsumaria News a copy of which he "will ask the delivery term bonds in dollars to the bearer on behalf of the Ministry of Finance, starting from the second of next August to 31 of the same month,"
adding that "Asdarih will be four categories (in 2500 and 10000 and 50000 and 100000) US dollars and the total amount of two billion dollar. "
Millionday: SO WE HAVE TOTAL OF 2 BILLION AND MATURES AT THE END OF NEXT YEAR -- WHOOOPOW
militia man: Any word out on credit ratings yet?
militia man: Seems we need that to get the bonds priced accordingly?
Millionday: NO INK THAT I HAVE SEEN --- MY OPINION IS THAT IT WILL BE AFTER INTERNATIONAL RECOGNITION
Millionday: IMF CONSULT THE 27TH
cjquade54: There is more to that article that is confusing (I don't have a link)
cjquade54: The bank said it "will sell that amount in Iraqi dinars and the price of 1095 dinars per dollar and payable by the Ministry of Finance in December 31 2016, to be paid in dollars at maturity"
Millionday: LET ME LOOK BRB
Millionday: APOLOGIES -- ADS IN BETWEEN FOR SOME REASON -- THANK YOU
Millionday: HERE WE GO WITH THE REST ---- GOOD CATCH CJ
Millionday: The bank said it "will sell that amount in Iraqi dinars and the price of 1095 dinars per dollar and payable by the Ministry of Finance on December 31 2016 to be paid in dollars at maturity".
and founded the Iraqi Central Bank independent bank under the law issued on the sixth of March of the year 2004, as an independent body, is responsible for maintaining price stability and the implementation of monetary policy,
including exchange rate policies are being daily for the sale and purchase of foreign currencies sessions except public holidays which stops by the Bank for these auctions.
cjquade54: I'm no economist but selling in iqd and paying in $??
Millionday: VERY STRANGE --
cjquade54: and at 1095
Millionday: SELLING AT 1095 IS OBVIOUS INCENTIVE ---- PAYING IN USD IS EXPECTATION OF INTERNATIONAL PURCHASE IMO -- OR REFUSAL TO RELEASE THE ACTUAL DINAR VALUE AT THAT TIME -
Millionday: ANYONE ELSE WANT TO ADD???
Millionday: LETS GET SOME OPINIONS DUE TO THE CONFUSION
tman23: sorry.....I need to confirm something before saying...... and this is from a very competent major investing source........I am confused enough and need a better clarification......
militia man: Being paid in dollars seems to be an international offering, and the payout in Dinars would be local to Iraq.. imo
Millionday: GOOD POINT MILI
Millionday: I AGREE TMAN -- THANK YOU FOR THE INPUT -- I TOO NEED TO RESEARCH ---
Nadita: What they are saying doesn't make sense to me.. especially when the rate for IQD is 1166 now and they are offering at 1095 and payable in 2016 in USD..my simple mind is saying they must know something that we don't.
What they are not disclosing is how much the interest rate for this bond. I think they must know the IQD will be worth more by end of 2016 which will make more sense to offer payment in USD which means less money out of pocket from them as the exchange rate will be higher.
Millionday: IT APPEARS AS THOUGH THAT IS THE ISSUE BUT NO INK TO STATE THAT FOR ME -- THE INK GIRL -- BUT GREAT POINT HUN
Nadita: the average Iraqi people who are so used of using USD will think it's better deal for them as the payment in 2016 is in USD
Millionday: KNOW THAT LOTS OF RESEARCH WILL BE DONE -- KNOW THAT THE ORIGINAL STATEMENT WAS THAT THE BONDS WERE TO BE OFFERED ON THE MARKET -- HMMM
Millionday: WE WILL GET BACK TO THIS
Nadita: The bank is very smart.. by offering the bond in iqd will give more incentives for iraqi people to use the iqd even though at the back of their mind.. USD is more desirable than iqd at this moment...
Millionday: Global banks are characterized in their search for more ways of evolution aimed at attracting customers and attract within a structured program for this purpose by providing various banking products and services carried out by the aim of enduring success and development, which will inevitably be reflected on their profits.
The profession of banking globally or working banks of Almanmn prestigious as the case in the professions of medicine, engineering, etc., as calculated by the bank in developed societies that it is relevant figures.
Millionday: NOTE -- THE BANKING REVENUES ARE VERY IMPORTANT IN A SOCIETY -- REVENUES
Millionday: NOTE -- THIS IS A REPORT FROM YASSER
Millionday: a dialogue between me and one of specialists and stakeholders in the banking issue, content exceeded Questions routine Vanhsr assessment of the banking behavior we have compared with the countries of the world Advanced Vetosalna a consensus that we need to develop this behavior is important.
My source specialist pointed out that fast our audience response are common and easy to slip into the public especially under the circumstance that the country is living a fact to wear them, and went on to say: that any act of working in the banking sector with customers will reflect negatively on his performance.
Millionday: NOTE -- THIS IS OBVIOUSLY ABOUT INTERNATIONAL BANKING ETC
Millionday: This Gleam led me to look at this vital issue because of the importance of the banking behavior in the reputation and performance of the banking sector, and when he had the goal of any win customers bank or attract customers ..
"calling pioneers and's customers banks," what is required of workers in the machine banking deal with these slides Aulfiat of all citizens in all transparency and fitness literary should also employees of the banks gain experience in negotiating art to convince the public of all what is happening in the bank of positive Aomah conditions without disturbing the mood reviewers Why?
any bank seeks to achieve profits derived from the size dealers with him, so any incorrect behavior with the customer Hoadaah opportunity precious difficult to compensate, this behavior undiagnosed for many workers in the banks, whether government or private, is required to address it?
Millionday: NOTE -- THE CONFIDENCE NEEDED IN THE BANKING INDUSTRY IS THE MOST IMPORTANT IF NOT MORE IMPORTANT THAN ALL THINGS
Millionday: When you search into the causes of decline in the banking behavior in banks and incidents and semantics many find it back to mismanagement First, choice is the conciliator for workers in this behavior career prestigious, widespread ugly corruption flag administrations and overlooked, Macad to shift usually need to in bribes and disable transactions and to harm the public, unless required to do about this situation?
Certainly repair departments of banks and selection of efficient workers, trained and immunized to return to the profession and reputation .. modern link.
Millionday: OBVIOUSLY THEY HAVE CHANGED THE FOCUS TO THE RESPECT OF THE BANKING PROCEDURES AND THE SERVICES OFFERED -- TRAINING AND THE IMPORTANCE MUST BE ACKNOWLEDGED OR FAILURE FOR THE BANKS IS A GIVEN
Millionday: THIS IS HUGE IN DIRECTION FOR IRAQ
Millionday: NOW THIS WILL MAKE YOU SMILE
Millionday: Hussein al-Tamimi Tgb represents the success of the investment business first actors of economic development steps through to achieve major economic feasibility for all production and service joints, as well as providing billions of dollars from the federal budget state can not be provided under the current circumstance, according to expert in economic affairs.
Eng. Hassan Hadi al-Asadi said in an interview for the "morning" that the renovation investment methods lead to the achievement of economic feasibility could promote the economy of Iraq, which has the elements of renaissance grasp all the specialized international companies.
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