Millionday News 2/8/14 Post From Dinar Updates By Rudie Part 1
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[millionday] here we go -- announced the Finance Committee in the House of Representatives on Saturday, said the government had formed a committee of three ministries to resolve the "crisis" was delayed adoption of the budget,
noting that the agenda of the parliamentary session next Tuesday will be devoid of discussion, while confirming the failure to reach agreement on between the national and Kurdish coalitions.
A member of the committee MP Hassan al-Bayati's "Tomorrow's Press," "The agenda for the meeting next Tuesday will be free of the budget law, due to the continuing differences between the national and Kurdish coalitions that have not yet been resolved ..
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[millionday] note -- this is fab news and let me tell you why - the committee is going to resolve and tuesday is for other issues and vote on budget is wed now
[millionday] Noting that "the federal government formed a ministerial committee made up of finance ministers Planning and oil to discuss the outstanding problems concerning the budget. *
He added that "this committee will attend next Wednesday to the House of Representatives to negotiate with all parties to speed up the solution of problems and vote on the budget."
[millionday] note -- we have news tonight of them working already to resolve with kurds we will look at
[millionday] He Iraqi Prime Minister Nuri al-Maliki in his weekly, last Wednesday, the seventh of February, the current concern over the delay in adoption of the federal budget for the current year of 2014, warning of the impact on the application of the Unified Retirement Law,
which "added his is not part of it," calling on the House of Representatives to cooperate with the government to approve the law as soon as possible
[millionday] so as we know all economic resolves are being dated as we have seen to the first of jan 2014 -- very exciting
[millionday] And the voice of Iraqi Council of Ministers, on 15 January 2014, to approve a bill the federal budget for the Republic of Iraq for the fiscal year 2014, and forwarded to the House of Representatives based on the provisions of Article (61 / I and item 80 / item II) of the Constitution,
taking into consideration Some of the amendments approved by the Council, including the fact that the export of crude oil produced in the Kurdistan region by SOMO exclusively by multifactorial and approved with the participation of representatives of the region in the pricing committee.
[millionday] i have to say i love seeing the words -- pricing committee
[Richard Incrocci] millionday Long as they dont blue light special them prices* lol*
[millionday] im sure it will look like it to them lol
[millionday] i think it is important that we see how many contracts are being moved from mou`s to contracts -- a country that has money moving into the country is a growing economy - so brb
[millionday] we saw the order from cbi last or this week about the sale and buy of foreign currency here is the regulation about it as we see -- hmmm
[millionday] Eastern February 8: criticized by the Association of transparency in Iraq, a watchdog popular measures the CBI said in a statement today that these measures will reduce business lending,
credit and lead to a lack of liquidity due to Altgmidgar justification for the money account 231 brought by the Central Bank The association said that the original in the process of cash is to sustain liquidity and facilitate business credit and lending,
something which perpetuates the economic cycle in the country at the level of public and private sector is that the Central Bank would be counterproductive and hinder the smooth flow of cash cycle which is automatically reflected on the general economic cycle and said Association
The overwhelming proportion of banks and local banks will be affected by this measure, while benefiting banks Originally created on the remains of offices banking and remittances of Foreign Affairs continued its rhythm the same without you acting credit and lending,
and called Alrabotthalpennek Central as a regulator and sponsor of the system of cash to reconsider instructed new including achieve two things
[millionday] first to ensure the smooth flow of cash and non-freezing of funds and the second to ensure justice among all banks and non-bias,
some at the expense of others and audit reasons and motives behind the passing of some senior staff of the formula for the new instructions motivated by interest and benefit in breach of the justice system and uniform standards.
[millionday] so the standards are the regulations for all banks that have been set and we see that cbi is not going to be the watch dog anymore and allow the banks to take the power the banking gives them and also they are saying that complete transparency is a must along with complete uniform standards
[millionday] so it sounds as if we are seeing the waking of the banking world in the nation and this also will allow them to act as a business as they should -- great news
[millionday] in any business -- your first job is always the best interest of the stakeholders -- this allows them to make decisions to be competitive -- while also being complaint
[millionday] huge banking moves in the past few days brb with more
[millionday] Criticized member of the Committee on Economy and Investment parliamentary MP Aziz Shareef al-Mayahi, the decision of the Iraqi Central Bank after allowing banks to enter the market to buy the currency,
but the condition put their money in full the bank, asking him not to convert the banks to the offices of banking. said Mayahi in a statement received Agency (news) a copy of it: that 'the central bank's decision after allowing banks to enter the market to buy the currency, but
[millionday] note -- the banks can buy the foreign currency but they have to keep it and not exchange it yet
[millionday] the condition put their money in full Bank decision is surprising and Anjad in which any economic feasibility could be of benefit in the short and long run.'
and added that 'banks are investor important and vital role in Iraq and the lies they have a responsibility in supporting development projects by moving the capital in the domestic market,
which gives more incentive for investors to competition and the development of style, including raising the efficiency of the market and investment alike. ' and continued:
[millionday] note -- they are allowed to invest in the currency but not into the market yet --
[millionday] 'handcuff banks such restrictions and prevent it from moving their money in the market and freeze in the coffers of the Central Bank rather than Bank support to those banks with cash to stimulate their work is something strange and Anjad where any benefit to the economy and will shed Bdilalha negative impact on the overall situation and make those banks like the offices of banking whose sole job is to convert the currency no more
[millionday] so they are able to have the currency but not move yet on it but that seems to be coming or what would be the purpose of investing ?
[Road_Kill] Can't imagine them hanging onto it for long
[millionday] they are also saying that there are going to be and are banks that when the time is right -- they will only be banks of exchange
[millionday] we have discussed that banks have many different jobs and purposes -- as we know we have that here too and the modern banking there has created the same atmosphere
[millionday] later on i would say that other issues and jobs investments etc would come up for those banks as -- just exchange at one time in the future would not be enough revenue
[dovi] Millionday do we know what currencies they have invested in
[buck] thought the budget was pre signed and ready for a fast vote, a committee seems like a delay or something came up???
[millionday] they have not given a list that i have seen but we can know that the list on cbi would be a good start -- they are now a member of the sdr
[millionday] buck they said tuesday is now for other issues and wed they expect to vote due to the committee`s work on the budget
[sliderule] last week the blocs had signed?
[millionday] they signed the budget as approval and have it to give to the president when they have voted but as compliance they have to vote
[millionday] they claim they are on wed and we have crossed everything that it will be done yw all the time brb with more
[love it 2] who's the president now ?
[luckyinkentucky] Khozai is the only active member on the presidency council Talibani and Hashemi are absent
[love it 2] luckyinkentucky and here i was ..under the impression it was Talibani .... wow have times changed* * *
[luckyinkentucky] Talibani is the president
[love it 2] luckyinkentucky their all "absent" ....MINDED*
[millionday] luckyinkentucky correct