george1] I can see the direct relevance of the clues and the "CLUES" are for sure great developments but I tend to relate hard news in to a predictable timeline for the IQN revaluation and how that may be used for investments and timeline for making a global difference.
[millionday] the thing is this -- the idea of having a newstime and also looking at the news at all is so we can as educated individuals follow the phases of development that Iraq is going through and also the laws, regulations, constitution, democratic development ,
banking and economic reforms, investment laws and customs etc, along with all other things that must be in place for the re-entry of Iraq or the New Iraq to the globe as a trading country out of sanctions –
[millionday] so the clues as these steps are done allow us to watch them advance closer to the event of international currency recognition and also monetary reality by rate for international currencies
[millionday] let me say this
[millionday] the global difference that will be made will be by having an entire new market to supply through their new market economy as that is developed –
all private sectors -- companies etc -- will be able to sell to them what ever they feel like and that will advance their money and revenues with that company -- doesnt matter what country –
so the results are in the stock market to invest in , the job creation by the currency investor`s purchases and also the release of sanctions allows for the Iraq`s to sell to the globe -- the difference is in the revenues
[Fishheads] Will Millionday be bringing anything on the WTO accesstions?
[millionday] i will see as i work through all i have here
[george1] Thank you MD and sorry to take so much time as this too has an international value or should I say a universal value. LOL
[millionday] i was reading some of what you all were saying and let me say -- Iraq is going to have the newest advancements in most areas so this will be amazing and also a play ground for developers -- engineers-- and all others etc
[millionday] huge change and also huge in their capabilities once they get done a clean slate
[millionday] here we go with report >>> Deputies said the Committee on Economy parliamentary and banking expert said the banking sector in the country is still "below the level of ambition", and drew attention to these banks suffer from lack of application of modern techniques and the lack of coordination with international banks, and stressed the need for restructuring the government and private banks through the issuance of legislation and amend the laws window belonging to their work
[millionday] and said a member of the parliamentary Finance Committee Abdul-Hussein al-Yasiri in an interview with the "long" yesterday "near the economic conference expanded to discuss the basis of the regime of Iraqi banks,"
adding that "the most important problems of the banks is not to introduce new technologies, and coordination with banks World ", adding that" banks are still using traditional methods in their work. " He said he "must amend the law on the banks of the article" 27 "to the article,"
31 "to facilitate the work of private banks and the government," and added, "We have asked the government to equate banks the private sector and public sector banks in terms of deposits and guarantees, "he said,
adding that his committee is seeking to modify a number of laws, such as the Central Bank and the tax law and trade law. his part, said adviser in the Ministry of Finance Zia Alckheon that "banks are suffering sort of problem many as suffer the private banks of lack of liquidity while experiencing government banks are not opening credits, direct.
[millionday] note -- this is saying that they have to make sure and use the new and throw out the old and more comfortable working habits in the banks -- so they must set regulations to make sure they use the new technology etc
[millionday] he said in a statement to the "term" that "banks are still reluctant and did not witness the introduction of the banking system overall," he can not improve the banks without modifying their own laws. " and pointed out that "Every bank board of directors is responsible for issuing decisions and management away from state intervention," describing "the level of performance of banks," average ",
pointing to an improvement in their performance, but this improvement is not within the required level. , in turn, said economic expert, contrary goldsmith's "long"
"The government banks are still operating within the mechanism of the old overtaken by many countries in the world," and explained that "the cadres working in the banks are not eligible for the banking business."
[millionday] note -- meaning step up to the plate and use the less comfortable and use the new way of banking so that all international banks can understand and also blend with techniques
[millionday] As for the work of private banks, he noted jeweler that "private banks has not been able to overcome errors in government banks, "noting that" these banks lack the manpower with experience in the banking business. "
He said economic expert, said that "the solution to improve the functioning of the banks is to re-structure the work of banks by entering partnerships with international banks sober, as well as the introduction of modern technologies for banks and the training of staff working in those banks.
" and stressed "the need to create new services by the banks would have to pay capital", as well as investing in the stock market, which promotes the work of these banks. "
[millionday] note -- this is meaning that they need to allow workers to go work in international banks and learn by seeing it done and from the ones who know -- "front lines" -- they also need to invest so they can start making money -- (stock market_) for themselves and the stake holders
[millionday] For her part, Najeebeh Najib member of the parliamentary Finance Committee that "the sector banking system in Iraq is still suffering a lot of problems and difficulties, "and stressed the" scope "that" the introduction of modern technologies in the banking business needs to be legislation that supports and protects the private banks and the government.
" and revealed the answer plans "for the restructuring of banks supported by foreign expertise," to Avcta that "progress is slow work of this Committee, and not within the required level."
millionday] so as we see -- they want the bankers coming in to help the bankers that are there trying to learn -- obviously for reforms - smile
[george1] It seems that they TRULY are in the want of the knowledge but my concern is who will be teaching them. CORRUPT leadership creates a corrupt banking system. There will be many countries stepping up for the job at hand
[george1] Who will be stepping up to assist Iraq with the implementation of the new banking system? Is this the USA or other countries?
[millionday] the thing is this -- they will be taught regulations and how new equipment works that is newer than the 90`s
[jtank] International banking--All
[Imperator] International well respected consulting firms,
[millionday] they are not being taught how to put it in the drawer -- this is a much higher level of learning -- international banking and calculations and accounting with transparency
[george1] Maybe they can teach USA this secret. LOL Thank You
[millionday] as in basel compliance etc -- the global part of banking lol
[millionday] yw all the time so i have a few things to tell you because it is late
[millionday] a committee is being created to work the budget and also the un report from UNSC is coming out on the 27th by MOON and the US will hold the funds until may 22nd by extension of dfi -- unless it is appealed
[millionday] so there we have it -- the newstime was started very late and we all have to work so we shall see you tomorrow
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