Millionday News 1/31/14 Post By Rudie Part 1 of 2
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[millionday] ok here we go this first one is great great >>> confirmed the economic researcher need to strengthen the economic and trade relations with different countries to achieve economic integration.
According to state just told (morning) that the stages of trade and economic relations between Iraq and any other country begins phase partnership then evolve to reach the stage of agreements and then up degree economic integration.
Read More Link On Right
[millionday] note -- totally agree and that brings international recognized currency as well
[millionday] Explained that any agreement relating to the economic aspect include items of different economic funding projects in the productive sectors of the diverse and provision of services in order to encourage the protection of investment between the two sides established for projects important partnership to contribute to the advancement of economic reality,
And pointed out that the economic integration between any two countries means granting facilities the entry of goods and freedom to transfer money and customs facilities and tax breaks on the goods is mutually beneficial for the two countries and the organization of the process of trade and tariff pricing.
[millionday] whooop whoooop so that means they are at the stage to meet international economic agreements and that is coming up and that is what we are doing here smile brb with more
[millionday] i see you smiling lol -- remember that this order was given at the first of the month
[millionday] Issues special instructions to sell and buy foreign currencies, considering previous instructions issued in this regard void.
And got “time” on the documentation for the instructions issued by the central bank, which included “17″ paragraph identified mechanisms of buying and selling and the proportion of intermediaries.
The central bank said in the instruction book that carried the No. 03.09.21, dated January 26 current, it is instructed in a separate book bears the number 09/03/19 dated January 26 and considered the current window from the date of 16 this month.
[millionday] The face of the central bank these instructions to banks licensed profession of all banking and money transfer companies approved, companies and broker in the sale and purchase of foreign currency all, stressing published in a prominent place and to inform customers need to abide by them.
And was based in the central issuance of these instructions to the provisions of its law number 56 of 2004, as amended, indicating that these instructions came to meet a real market need of foreign exchange and money laundering.
[millionday] that is to prepare for international trade and the move to a market economy to deal with foreign currency very very nice !!
[millionday] there was a report given on cbi today here it is>>>>>>> The central bank of Iraq is inviting all companies and engineering offices that have experience and specialty onto above mentioned tender concerning new building of CBI in Jadyria according to terms, specifications, and quantity schedule which are assigned by legal Affairs department/ Contracts section
[millionday] so there is a new building coming right up -- smile
[millionday] here we go>>>>>> said the academic economic Dr Majid Baidhani that Iraq represents a big opportunity for foreign investment, whether high-risk or safe such as telecommunications and the financial sector.
added Baidhani told (morning) I point a report published by a single foreign sites, which concerned with the movement of investment activity and investment companies entering the country, an increasing proportion of new investment in Iraq,
while there are investors imagined that the country still poses a great danger to invest in it despite promising opportunities.
[millionday] note -- this is stating that Iraq is ready for international investment
[millionday] reduce risk and stressed that Iraq could minimize these risks through enhanced security to reduce its impact on the work of the oil companies invested in the fields of Iraq scattered environs.
, and pointed out that the oil sector represents a great opportunity for investment as a promising sector as the country and, unfortunately, still depends upon pole sole general budget Maidau investors in sectors that have experience dealing with contractual risk and security ,
such as oil and gas, stressing that there are few sectors of risk did not affect the security situation due to the high demand for its services, such as finance and telecommunications.
[millionday] note -- obviously anyone can read that it is a risk due to security but they are getting much better much
[millionday] foreign companies and detection department of foreign companies in the Companies Registration Department of the Ministry of Commerce earlier that the number of foreign companies Recorded in 2013 amounted to 412 companies ranged between branches and representative offices of foreign companies.
pointed Baidhani that the increasing entry of those companies that would stir the economy and reconstruction of infrastructure needed by Iraq for the purpose of advancement and direct development in all sectors.
[millionday] note -- they are ready to have international investment and a market economy for all sectors and that is huge huge -- preparation announcement is never bad smile
[millionday] note -- there are many companies that have only one goal and that is the entry to iraq for business and trade
[millionday] noting that there are new contracts have been signed them or direct implemented earlier this year in the field of infrastructure. progress in development ,
according to economic reports that Iraq could be making progress in economic development in spite of all the circumstances of being possessed fertile ground for foreign investments diversified,
and Reports also indicate that there is an increase evident in the entry of investment companies foreign specialized in the field of infrastructure and concrete achievements on the ground service of the national economy is what makes foreign companies urges paced to seize the opportunities to contribute to the country's growth and prosperity.
millionday] as we see >>>>> continued Baidhani that the desire of companies are increasing day after day to enter Iraq as Maishdh country from the events or disturbances did not stop her intention to achieve its goals in infrastructure projects such as water services and construction and energy,
adding that there are other factors that have helped to attract and the most important of the opening of branches of foreign banks in the country that will make it easier for companies to move their capital in and out as well as tax breaks by including the Investment Law No. 13 for the year 2006, and the investment opportunities in various sectors.
[millionday] so it appears they are planning on getting up and start the roll -- contracts should be coming -- there is a lot of money to be made -- that goes without saying brb with more
[millionday] this is an insert that tells us a lot of where they are and what is going on - the beginning tells us about the private banks and their mandatory compliance with cbi
[millionday] then it goes on with this>>>>>> “former MP for the Iraqi Central Bank harmful Mohammed Saleh said: that the banking policy in the region Kurdistan is different from Baghdad because the region since Nchaith seemed the steps the bank correct and did not use the policy of the Central Bank of Iraq the bad old,
when he created the province has managed in a modern, and established a policy bank with them, and this is true Worth legacy global and forgotten that the province had been away since 1992 and isolated from Policy CBI So you see that the policy of the provincial bank is much better for Baghdad.
“For its part, says Chairman of the Board acts of the ladies in Iraq Amal Hussein: The Powered By IP.Board of problems and concerns are considered obstacles to either the banking business,
and especially the issue of granting licenses banking offices, while there is big money Frozen widescreen CBI, and must find solutions to the launch of these amounts must be determined period of time to take advantage of this money in helping to promote the achievements of the economic reality of the country .
[millionday] smile -- best part >>> to promote the achievements of the economic reality of the country .
millionday] so this is saying that the deadlines and regulations are for kurdistan as well and they have to apply – smile the goal is the same as ours -- the promotion of the economic reality for Iraq -- meaning the right value on their currency for one thing
[millionday] smile i agree -- whooop whoooop -- tomorrow parliament is back in session but they work sometimes anyway -- so let me see what i have brb
[Danalivin4HIM] today was the dead line right?
[millionday] yes today was the regulations deadline
[Danalivin4HIM] millionday thank you
[millionday] yw all the time hun
[jbjb4] Unfortunately, Baghdad or the Shiite Government has no interest in promoting the economic potential which would benefit the citizens. The sooner the Kurds comes to terms with this fact, the better off their region will be moving forward.
[millionday] i agree -- they have stated they will be there tomorrow
millionday] we shall see or democracy will be at hand once again -- they will move forward -- cant wait on children pouting