Post From Dinar Updates By Rudie Part 1 of 3
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[millionday] welcome everyone to dinarupdates news time - we have a lot of news tonight so we will wait til end for questions - lets start with some positive news smile
[millionday] Academic economic Dr Majid Baidhani that Iraq is progressing and is confident about achieving economic relations with the countries of the world to desire renewable exploit investment opportunities and enormous potential they possess.
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added in a statement (morning) that these steps was to confirm the desire of foreign companies entering into Iraq Despite all the challenges and direct its investments in infrastructure and various projects were registered 45 companies last month.,
and pointed out that the economic event most prominent during the last week was named Baroness British Emma Nicholson envoy for trade in Iraq shows that the states are starting to look to Iraq a positive view of in economic terms., and
[millionday] note -- nice --- to see them seeing it as positive economically sound investment op
[millionday] pointed out that it would achieve increased trade and economic cooperation between the UK and Iraq and submitted to rates advanced in line with that enjoyed by the countries of relationships.
explaining that the appointment of Nicholson in this position would bring experience working in Iraq through its role as chief executive of the Business Council, the British –
Iraqi as well as set an envoy for trade represents an increase in the promotion of trade relations between the two countries. noted academic economic that there is a misconception among many people around the hazy economic conditions in Iraq and
millionday] smile >>>>>>>>>>>the lack of visibility of investment in the country because of what is going through, but he also, but the There is a glimmer of hope in sight will be reflected soon achieve a comprehensive economic renaissance.
He said, adding that the United Kingdom when the commercial designation envoy to Iraq, it means that they have a clear idea and a different vision for the economic situation in Iraq, which considers huge potential and a bright future awaits the country.
millionday] wow -- and that is exactly what we want to see !! and a bright future for us all smile brb with more love it
[chattels] " a comprehensive economic renaissance " .............................. nice
[Imperator] Renaissance = a rebirth or revival. Great news!'
[millionday] Imperator i agree the New Iraq !! here we go
[ROBINREDHED] new robin
[millionday] ROBINREDHED new million lol
[millionday] Investment Commission of Babylon to the need to facilitate the lending policy of the citizens for residential projects. *said the head of the Engineer Alaa Ibrahim bayonet (morning): »
There is an urgent need to facilitate the policy of lending to housing projects that accelerate the process of buying condominiums by citizens».
*pointed to the inability of the housing sector to grow away from the entry of banks, public and private in the process of lending to citizens to buy residential units.
between the movement of Finance is an essential part of the critical infrastructure and without the presence of banks active and offices banking official can not achieve the growth of projects and in particular the residential.
[millionday] He added that the investment organizations having problems on the subject of real estate development by lending policy currently followed indicating the importance of orientation banks, both public and private sectors to provide facilities on the subject of lending to help in the development of investment projects in the housing sector. Elsewhere participated Investment Commission of Babylon in Iraq conference financial held in the United Arab Emirates and the chairman said he was at the conference reviewing several offers detailed by the central bank and its departments as well as the banks participating in the conference
such as the Iraqi Commercial Bank and Rasheed Bank and other banks as well as international banks.
He said, we have seen no breakthrough will happen in the amendment of laws facing the investment process in the country and praised the role of the National Investment Commission and the active participation of bodies
Investment provinces in terms of the exchange of views and experiences and attitudes among the participants at the conference, and this focus is in the interest of reviving investment in Iraq and its development.
[millionday] note -- this is a conference in banking and investment -- wonderful choice to hold it
[millionday] And expressed the hope that Thus, the future will hold conferences in Baghdad to the fact that this matter matter Iraqi affairs.
He added that the Authority through its participation in the conference reviewed the investment opportunities available to them and met with several investment firms participating in the conference,
and a number of investment companies have expressed interest to invest in the province of Babylon, because of its conservative elements of attraction for investment companies and investors.
[millionday] note -- as i brought up a couple weeks ago -- Babylon is to be an industrial giant --
[millionday] , And between the banking system in Iraq needs to be a thorough review and to make it consistent with the requirements of the investment process.
Especially banking laws that limit the granting of loans to the investor and the citizen, referring to the need to reform the banking system for the advancement of economic reality investment »,
and conferences for financial entities is important, and that there is a need to enter the banks in financing and lending in the various fields of investment, in particular the housing sector.
[millionday] so as we see - they are very encouraged about moving forward to changes in the reality of the economy and also the investment - they need it and they are very clear about it to move forward - brb with more - here we go
[millionday] understand that this is about the monetary policy and that this is not saying it is going to float as if they have the years it would take to make sense - it will not float from where it is and that is my in ink opinion ---
[millionday] A member of the Finance Committee MP / coalition of Kurdish blocs that the relative improvement of the value of the Iraqi dinar against the U.S. dollar during the current period, making some states want to deal with it.
He is capable of: that the Iraqi dinar is improving day after day, thanks to the new monetary policy pursued by the central bank, prompting some countries such as India and neighboring countries wishing to deal in the business processes.
[millionday] He pointed out that the increase in the confidence of the world in Iraqi dinar will make it difficult international currency, likely that the coming weeks will see an improvement over the value of the dinar against the dollar, and this will enhance the confidence of the world do.
India has approached the Iraqi government, the adoption of dealing in local currencies in the process of exchange of Commerce of the two countries instead of the dollar in order to support the Iraqi and Indian currencies.
[millionday] whooop whhhhooooppppow
[millionday] The Finance Committee has confirmed that 2014 will see the deletion of zeros from the Iraqi currency, are described: The delete will be in coordination with the Central Bank.
Said committee member Abdul Hussein al-Yasiri in a press statement: The process of deletion of zeros from the national currency will begin during 2014, through an agreement with the central bank, noting: This project will lead to reducing the proportion of the national currency in circulation from four billion to one billion.
[millionday] know that the release of the three zero currency is in country and of course what is held in anyone else's hands
[millionday] Added: The value will be reduced to the size of the quarter and this will enhance the value and easy to transport, pointing out that fraud or manipulation of currency cash, it will be very difficult.
The CBI identified earlier in the beginning of this year will see the implementation of the project to delete the three zeroes from the national currency, but the Iraqi government has demanded the bank to wait to apply the project, fearing the emergence of counterfeit currency during the switching process.
[Rockin'RV] Seems like we read these articles before
[millionday] wow really glad i could bring them back in ---- dated today
[ROBINREDHED] SOO COOL,
[Rockin'RV] Very nice
[millionday] lets try to know that we will see these reports as they are announcements this time to the citizens and are talking in timeline of the next few weeks - have never seen that before - sooo coool -- i agree
[slh5282] question at the appropriate time please
[Danalivin4HIM] millionday question on the india and iraqi article when your ready
[millionday] CBI is scared of fraud and all countries are im ready
[Danalivin4HIM] slh5282 you first
[slh5282] Millionday, so taking this into consideration, is the timing in line with the AAA rating for the CBI and the Warka bank as well
[slh5282] and did you locate any information on the rating?
[letsroll] millionday ..I have read the last time Iraq had 1 billion in paper notes the rate was in the 3 dollar range heres hoping ...fist bump
[millionday] slh5282 the rating is on the arabic side is to the islamic banking so as we know the banks are under islamic laws ---and this is on cbi
[ROBINREDHED] Danalivin4HIM your question?
[Danalivin4HIM] millionday does this mean that india and iraq are now in business together and are using the dinar?
[millionday] the timing on the rating is perfect because that is exactly what they said they wanted to have done right after the economic reform steps etc
[Danalivin4HIM] Robinredhed thank you
[slh5282] so we would call that as in the american banking world underlying credit with bond backing, correct?
[millionday] Road_Kill huge
[millionday] Danalivin4HIM yes they are using the dinar and rupee
[Danalivin4HIM] millionday interesting
[slh5282] Millionday thank you very much
[millionday] slh5282 yes that is exactly what it is
[Danalivin4HIM] millionday and thank you
[ROBINREDHED] ok, md tell me when u are ready for next article