Millionday Newstime 9/2/15 Part 2 of 2
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Millionday: >>>>>The head of the House of Representatives Saleem al-Jubouri has said in the 10 of last August in connection with the Federal Court Act"
There is only one paragraph of the law is still in dispute and discussion relates to the quorum needed to pass decisions on contentious material between the federal and the provincial government,
a need to provide alternative solutions and we are able to achieve this through initiatives in this framework it is possible to lead to solutions to help us to go beyond that point to move to vote on the law.
Millionday: THEY DID NOT HAVE ENOUGH TO REACH QUORUM UNTIL CHANGES WERE MADE SO NOW THEY FEEL AS THOUGH IT WILL REACH VOTE
jackiechan: The governor ( Alak) will be in Washington on Monday? Thought the minestry of finance handled this
Millionday: HE WILL BE HERE AS WELL
Millionday: I FOUND IT VERY INTERESTING THAT THE GOVERNOR WILL BE HERE AS WELL
jackiechan: The negoiating part and alak the issue I mean
Millionday: THEY ALL WILL BE HERE JACKIE
quicktolegit96: IT HAS BEEN REPORTED MAHMOUD AS BEING CORRUPT, DO U FEEL HE NEEDS TO GO?
Millionday: I AM A STRONG BELIEVER IN PROOF AND LEGAL INVESTIGATION ----- I THINK THAT THEY NEED TO PROVE IT AND OFFER FAIR TRIAL WITH THE NEW GOVERNMENT AND LEGAL SYSTEM ETC
Millionday: THIS IS THE ANNOUNCEMENT THAT IS FORMAL ABOUT THE ECONOMIC FORUM ON THE 15TH OF SEPTEMBER FOR IRAQ
Millionday: Governor of the Central Bank of Iraq and the governor of the Bank of Lebanon in Beirut hosts 15 September /September next banking activities of Iraq FORUM.
Millionday: LESS THAN A COUPLE WEEKS
Millionday: Presided over a meeting of the Committee of Economy ..heik d. Hamoudi looking Investment Law stresses to expedite its approval in support of the country's economy and reduce unemployment.
He stressed member of the board of the Presidency of the Council of Representatives, Sheikh Hamoudi, the need for the completion of the Investment Law and approval as soon as the activation of its importance in the national economy and promote development wheel, as well as its contribution to reducing unemployment.
Millionday: NOTE -- THERE ARE TEN LAWS IN PARLIAMENT FOR THE ECONOMIC REFORM
Millionday: Search and Sheikh d. Hamoudi presided over the meeting with the economic and investment commission in Parliament, in the presence of Chairman of the board of investment d. Sami al-Araji, the new amendments to the law to break the law ensures the rights of all sober and aims to promote and stimulate economic and human resources in Iraq.
Millionday: SO OBVIOUSLY THIS SEEMS TO BE WORTH THE WAIT --- THIS IS ALL ANNOUNCED TO THE CITIZENS
Millionday: A morning facing the banking policy in Iraq a lot of organizational and procedural problems, and this is what makes compatibility with less harmonious and effective national development programs, and more exciting to clamor about a lot of appearances and suspicions of financial corruption, as well as its role in the emergence of the environment is suitable for the revitalization of the banking sector ..
This confusing policies, intersect with the independence of the banking system outside the political authorities, and with finding real opportunities for economic development promotes the government banking and private sector .
Millionday: NOTE -- THEY ARE WORKING TO ESTABLISH INDEPENDENT BANKING POLICIES ---
Millionday: Perhaps the relationship between big government banks Kalravedan and rational, commercial and agricultural and between most of the private banks which number up to 54 banks will remain governed by a kind of Allathagh !!
Particularly in the area of deposit and interest, including the deposit of government funds in these banks to secure the sustainability of cash flow, as well as the relationship of this matter the nature of banking policies, and the independence of the banks, and the nature of Matmay to promote a spirit of competition, participation and attract clients.
Millionday: NOTE -- THEY ARE MOVING FORWARD DUE TO THE NEED OF THE PRIVATE SECTOR ACTIVATION AND ALSO THE LAWS ON MONEY LAUNDERING AND FRAUD ETC ARE ALSO BEING PUT IN PLACE --
DON'T FORGET THE INSURANCE -- AS SOMEONE ONCE SAID -- THIS ALL WORKS TOGETHER
Millionday: NOTE -- UNDERSTAND THAT FEDERAL INSURANCE WILL BE INVOLVED AND THE LEGAL SYSTEM ENSURES THE LAWS IN PLACE -- SO BANKING POLICIES ARE BACKED BY GOVERNMENT OFFICIALS AS WELL --
Millionday: Find processors and regulatory action in this area should be part of the government's policy in the next phase, to ease the burden on First State-owned banks, and the support of private banks pagan, and toward participation in the investment, development and service and support for the private sector areas, and according to the international laws that banks control system,
which means to initiate the official authorities to take practical steps in this aspect, as opposed to the quest for the development of government and private banks, which are still a lot of rings work programs subject to the module and the bureaucracy,
and probably where a lot of the gaps that were the cause of the hard currency smuggling out of Iraq, or support and embrace fictitious projects, which Maittalb the existence of immunity this to work banks, in exchange for legalizing their work and within the contexts in force .
Millionday: NOTE -- WE ALSO HAVE TO REALIZE THE INTERNATIONAL COMPLIANCE THAT COMES INTO PLAY ALONG WITH INTERNATIONAL LAWS THAT PROTECT INTERNATIONAL BANKING AND TAXATION -- SO IT ALL WORKS TOGETHER --
Millionday: The government deposits eligibility banks put requires suitable and the availability of immunity its environment in order to preserve public money, as economic adviser to Mr. Prime Minister said, a Maaeks official sensitivity to the reality of the work of these banks,
and the lack of clarity references and legal safeguards which they operate these banks, in spite of this fact, many banking experts talking about the need to create a new reality for the work of private banks, the expert said Majid picture: is assumed that there is a close contact between the government and private banks is not that there are intersections between them, and that the government that private banks are treated like engaged with public banks.
Millionday: NOTE -- IT IS NOT HARD TO REALIZE HOW NEW ALL OF THIS IS TO THEM WITH ALL THE NEW POLICIES ETC -- SO I AM SURE THE TIMING FOR REALITY BANKING MUST BE A LITTLE SCARY BUT AS WE SEE -- POLICIES ARE IN PLACE
Millionday: reform of the banking system can be a springboard realistic to confront many of the problems that suffer from problems of private banks, because the deposit guarantees of public money and the money of citizens and secure their liquidity needs to be an official cover and legal protection,
and to base information and services Banking fit the mechanisms by which it operates banks in the world, and I find that the tightening of strict control over the work of banks will be the most effective procedure,
but that the determination of the global banking system conditions, is the guarantor and the guarantor framework for its work, even private banks owners who exposed their banks go bankrupt to the legal follow-up in the subject Iraq and outside Iraq,
as well as the development of legal and professional conditions for the establishment of banks and guarantees the central bank
Millionday: NOTE -- THE GUARANTEES ARE IN PLACE AND THEY ARE FREELY DISCUSSING IRAQI BANKS ABROAD -- ALL GREAT TO SEE FOR THE BANKING REFORM -- NICE
Millionday: Alaraca..aaadh considering the banking sector and in accordance with the professional and controls on grounds and procedures will reduce the inevitably from the sidelines Allathagh,
as it will contribute to the open investment channels in the banking industry, and gain international banks confidence, and even suspicions of some that some private banks were party to the hard currency smuggling, or even money laundering,
but the professional procedures and controls would limit such a practice, and do put banks that carry out such activities in the blacklist and prevented from carrying out any activity future be action and a strong deterrent in the face of the fragility of the banking sector.
Millionday: SO AS WE SEE -- THEY CONFIDENCE IN THE LEGAL SYSTEM AND ALSO THE INTERNATIONAL COMPLIANCE AND GROWTH THAT WILL COME FROM INTERNATIONAL BANKING --
Millionday: Al-Sabah stressed House Speaker Saleem al-Jubouri, the need for the international community to redouble its support for the efforts of the government and parliament in the «process of reform» with the exception of the National Guard is a «block basis» to proceed to the liberalization of land from the control of «Daash» process.
Jubouri said on the sidelines of attending a talk show Forum on Wednesday, hosted by «Humanez Klopl» Studies, under the auspices of the House of Representatives and academic institutions, scientific and cultural associations Center:
Millionday: NOTE -- AND HERE IS WHAT HE SAID
Millionday: The «way that will output« Daash »it will affect directly in the landscape features will determine whether we are able to continue Development and reconstruction or not. »
The President of the House of Representatives, that« our support to local forces will establish the state of integration for the people of those areas in the interaction with the event and will enhance their confidence in their ability to deliver,
and the development of the capabilities of their skills to complete the victory rally the expeditious initiation of reconstruction and construction and the removal of the effects of war and social and psychological ruins process and economic »stressing the intention of Parliament to« work together with civil forces in bringing about the renaissance to overcome the difficulties and obstacles that face local governments ».
Millionday: WHOOPOW -- THAT SOUNDS LIKE A LOT OF CONFIDENCE IN THE REFORMS
Millionday: In a related context, al-Jubouri noted« we continue to believe that the National Guard Law is a building block basis to initiate the process of liberalization and that the political blocs agree on the content and form is very important,
which will give him the power that meets the need of the occupied provinces by Daash support the involvement of the people of those provinces in the confrontation fateful process and give them honor liberate their land and revenge from the forces of terror for all the martyrs who murdered Daash means dirty and brutal » .
Millionday: NOTE -- THE NATIONAL GUARD WILL BE RELIED ON TO KEEP THE PEACE AS THEY MOVE FORWARD OBVIOUSLY
Millionday: He called al-Jubouri, the international community, to «work with Iraq to re-compass in the right direction by supporting the reform process which Achttha parliament and government together in recent times, they returned these steps represent a historic responsibility to the international community», pointing to «we are in dire need of this support supply through the development momentum in the country and support services sector, particularly health, food and electricity, especially in the liberated areas ».
Millionday: SO THEY ARE ASKING FOR HELP TO MAINTAIN THEIR PROGRESS AS THEY GO -- IN ORDER TO HELP THE CITIZENS
AND AS WE SEE THE REFORMS ARE MOVING FORWARD DUE TO THE ACTIONS WE SEE THAT ARE PART OF THE REFORMS THAT ARE LACKING AND THE SPEED WE SEE
Millionday: THAT IS THE NEWS I HAVE TONIGHT
Millionday: GOOD TO SEE EVERYONE
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