Post From Dinar Updates By Rudie Part 1 of 3
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Millionday news 1/19/14
[millionday] In a move to prove the government's seriousness in their approach to the adoption of a market economy in accordance with the provisions of the Constitution, revealed the advisers in the prime minister for the road map to restructure the public sector companies in the Iraqi institutions within steps of economic reform
[millionday] note -- i like the show of seriousness of adopting the market economy and the reference to it -- smile
[millionday] . the state administration economic adviser in the Prime Minister Dr. Abdul Hussein Al-Anbuge between the "efficiency lies in the private sector, not in the state administration,
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as it is a public administration or enters it the private sector and the responsibility lies in the field of justice, preservation of rights, maintaining security, diplomatic relations and sovereign,
the social aspects that are related to social protection for the poor, as well as the supervision of state institutions, giving the permits and licenses, and set the controls for the work of the private sector and give it the freedom to act in accordance with the conditions of competition.
millionday] note ---remember the heart of a healthy economy is the private sector -- this is noting that they are moving it forward fast
[millionday] note -- this is how they are going to move forward with the public sector and the whole plan with it
[millionday] " said Anbuge in a statement the "morning": "There are 92 public sector company employs 800 000 employees quasi-Off and often are lost, and need to be addressed and developed and the employment situation in which, without affecting the social aspect to them, "a strong supporter of the privatization of these companies.
"It within the economic reform program, there is a team called the reform of public companies, so it was a road map called the restructuring of public companies by examining the experience of the world,
and endorsed by the Council of Ministers since 2010, as it must be for the economy priority is which is increased well-being of the community and to satisfy his needs.
[millionday] note -- this is saying that they have been working on how to open up the public companies to the market and also they have addressed all of it to succeed in the economic reform transition
[millionday] in other words -- they are prepared and have a plan they are following as written
[millionday] stiff resistance , however, he stressed that the decision faced " stiff resistance by all state institutions, and therefore not implemented, due to lack of cooperation of these institutions,
especially from the legal departments that do not want to change the old laws and change the vision and understanding of the required economic of the process of change, according to Anbuge, considering that the reform process requires people who reformers.
so explained Chancellor that he has to use foreign companies and renamed Bala_i_ara foreign, especially given that some companies have had full readiness to begin the process of change and turn into a joint stock company and registered in the Iraqi market for securities, and
[millionday] note -- this is saying that other experts from outside of iraq have helped them in getting everything set for placing themselves on the stock market and to activate it all as it is planned
[millionday] and was contracted between a global company is good and three companies of the Ministry of Water Resources, a contracting companies, These contracts in the study phase, in addition to the Ministry of Housing and Construction has signed some contracts as well, either the Ministry of Commerce is still lagging behind in the field of restructuring companies.
models for companies and revealed "took more than a form of 30 companies to be successful role model, through which the development of the angel Iraqi, and how to evaluate the assets and the process of economic transformation of these companies,
as it is in developed countries ran the private sector all the joints where economic, and governments contract with companies in this sector for the implementation of important projects.
[millionday] note --- they are still having problems understanding how this is done and the calculations as well -- they also
[millionday] have found that they are very thankful that they decided to have such experts because there is a lot to the change over and they have been helped by having them in place to learn
[millionday] the first part was discussing the listing on the stock market of public companies and utilities etc and this part is talking about the private sector and its needs and successes -- this is all to
[millionday] follow the constitutional duties they have as a government to bring Iraq to global trade or a market economy (supply and demand)
[millionday] As for the activation of the private sector, he noted Anbuge need to enable it and make it is the leader in production, and contribute significantly to the gross domestic product,
since there is no state can appoint all citizens and give them a monthly salary of what constitutes a burden on the state budget and the institutional and administrative in the state,
which leads to taking the time and effort and is a loop is necessary, therefore has to be Activating this sector. and observations by some that the private sector is trying to achieve profits without regard to quality, response Anbuge ascertain the necessity of the obligation to controls and regulations to achieve them, saying
[millionday] note -- the private sector is trying to rush so fast to get ready for the market -- they are failing in some areas for quality products trying to get quantity
[millionday] he would seek to get these profits through the development of performance and efficiency and the search for new techniques and imported and incorporated in his works ,
and thus will be diligent to work efficiently because he has money and possibilities. restructuring and criticized the Chancellor some public sector companies, saying:
"It does not have potential, as she gets salaries of employees end of the month, whether produced or not produced, what retards the movement of the economy in the country, so must speed up the transformation and restructuring, especially that efficiency lies in the private sector and enable it to grow and work to contribute to the upgrading of the national economy.
[millionday] note -- remember too that the public companies need quality from the private sector in many instances -- even so much as a light bulb etc -- smile
[millionday] . measures of privatization and in favor of the advisory in industrial development and investment expert Amer Issa Jeweler also need to speed up the actual direct immediate measures to privatize and turning a specified number of public companies,
and to identify the mechanism and timetable for the transition and the nature and details of the partnership the target and the desired objectives,
as well as to ensure the expansion of private sector activities feeder and recipient-related activity and events sector of each company, so as to ensure the provision of real work for workers all.
[millionday] note -- in other words -- they need a date too --- it is hard to plan out a business plan if you only know change is a comin`
[millionday] end of this report>>>>>>>>>>>>>>>>>>>>>>>>>> noted Jeweler "morning", that "Operation successful privatization requires a local private sector is well-off financially and technically, legally and participants in the process of transformation and reform requires to fully support him and help him to advance to participate in the transformation,"
explaining the most important means of support, a stop routine procedures facing the implementation of their business and their projects (private sector), financially support unions,
and the abolition of restrictions on exports, as well as providing financial facilities and soft benefits, durations and guarantees the adoption of safeguard reputation and his Union Representative and the importance of the project to the economy and support under the stages of the work done and the guarantee of it.
[millionday] so they need for the private companies they rely on to have money to pay and proceed with manufacturing and also reaching and ensuring contracted dates and quality -- they need all of everything to be activated now to make is all work
[millionday] make sense ? oh and dang this is great news -- if this is what they are worried about -- i am loving it
[ROBINREDHED] ME TOO
millionday] smile wow -- moving to opening up the economic market and the stock market -- i likey likey anyone have a question?
Pablo] I'll save what I have for later.
[spike] Is there a site you recommend to get more information
[coyoteTx] dates on when they can move to market???????
[millionday] yes -- dinar updates as we continue and also the forum smile
[jPlants] When do we make our cashin reservations'
[ROBINREDHED] GOOD ANSWER
ROBINREDHED] jPlants LET ME KNOW WHEN THE BANK LETS YOU SCHEDULE YOURS
[txoilman] Do they have to have a rate to move
[dwightj] what dose all say
[spike] smiling so much I have permanent scars
[Pablo] BGG you there?
[sliderule] what about barzani in bagdad
[Dash] spike if you want the truth I recommend here if not then there are hundreds of places
[millionday] ok so i have not gotten to a date or a rate yet -- so i will brb with more
[msidaho] DO they need to have an international recognized currency to open up the stock market?
[millionday] yes they do
[baxter1243] what happened today with Barzani and Maliki meeting in Baghdad today??
[dwightj] what dose all that have to do wlth the rv i cant see the connection
[katkat] So? Iraq knows what they need to do but is resistant to change and like the old laws that don't work?
[millionday] i will brb with more
[faith1] millionday 1-19-14 7:52 PM note -- this is saying that other experts from outside of iraq have helped them in getting everything set for placing themselves on the stock market and to activate it all as it is planned… planed ,, so they are sharing the plan ,, but not the time frame //??
[millionday] yes that is right -- the plan but not the date
[h-spot] faith1 I was just gonna ask the time frame of that
[millionday] but they have said that they need the date released brb
[dovi] thats #1 then they can demand a rate
[katkat] They want the cash but dont want to get their hands dirty?
[katkat] I know. We are a tough crowd
[Pablo] Can I get people's opinion of something?
[love it 2] millionday ....Any idea how Najafi's meeting went in Kuwait ?
[millionday] yes i have a lot of news to bring and it will be in there hun
millionday] Pablo yes when i get done with news we i will stay some so we can chat and i will give you my opinion then hun