Post From Dinar Updates
Millionday News Time 2-24-16 Part 2 of 2
thomas1: when do you article 8 will put on table?
Millionday: ARTICLE 8 IS EXPECTED TO BE APPLIED MARCH OR SHOULD I SAY REACHED PER ORDERS ----
maine: how do you collect without a international currency?
Millionday: GOOD QUESTION -- WITH BIG BASKETS
Millionday: OPENING THE MARKET INCLUDES A COUNTRY`S CURRENCY --
thomas1: big baskets?
maine: for the worthless dinar!
Millionday: TO CARRY ALL THE CURRENCY IT WOULD TAKE LOL
Millionday: Pages for the reform steps in the government Abadi, prepared by an ad hoc committee followed these steps since its inception derived from official sources, and studies and research centers, they are not an official document, although they are based on sources in most cases.
Such an approach in the presentation of the challenges and achievements of more than a year of the reign of Iraq's primary purpose is to get closer to the objective approach in the assessment, away from the harassment and hostility, or Altazoiq and exaggeration.
Millionday: NOTE -- IMO TIME TO GET OFF THE POT AND HIT REALITY
Millionday: NOTE -- THIS REPORT IS VERY INFORMATIVE TO SAY THE LEAST
willie60 Millionday: That statement deserves a Whoooopow
Millionday: WILLIE -- WHOOOPOW
Millionday: Launch granted industrial and agricultural loan and housing mechanisms based on the first package of reforms presented by Mr. Prime Minister Dr. Haider al-Abadi, at the center of economic reforms to revitalize the economy in the country and run the unemployed,
it has acknowledged the crisis cell at its sixth meeting on 08.24.2015 under the chairmanship of Prime Minister and lending mechanism in the industrial and agricultural area and housing, which will be awarded in accordance with the instructions issued by the Central Bank and other banks.
Millionday: NOTE -- THE REFORMS THAT MOVED TO LOANS BEING LAUNCHED HAVE NOW BEEN MOVED TO TRANSPARENCY COMPLIANCE -- TO BE DONE IT APPEARS -
Millionday: As shown: industrial lending mechanism , agricultural and housing (CBI loan program for the year 2015) I. General Conditions
1. It is granted a loan from the central bank for each specialist Bank (agricultural, industrial, real estate, housing fund) for five years, including a grace period for a period of 6 months, extendable to five years with the approval of the Central Bank at the request of the bank borrower or the Fund.
Millionday: NOTE -- THAT HAS BEEN 6 MONTHS TODAY
Millionday: NOTE -- THEY HAVE HAD ENOUGH TIME -- NOW LETS ROCK AND ROLL PLEASE
Millionday: READ EVERY WORD>>> 2. Amounts distributed to banks and housing fund according to the following percentages: -
● 33 percent of Industrial Bank.
● 33 percent of the Agricultural Bank.
● 17 percent of the Land Bank.
● 17 percent of the housing fund.
3 for sale. Banks ask the CBI to convert the amounts allocated to them in the form of payments as needed.
4 for sale. It opens a checking account for each bank the CBI special loan under this name (the central bank a loan account) under a contract with the Central Bank and Ministry of Finance to ensure the banks mentioned and the Fund.
Millionday: NOTE -- REMEMBER THE FUND FOR PROJECTS ETC THEY WERE ABLE TO CREATE -- THIS WOULD BE IN CONTROL OF CBI
Millionday: 5. All borrowers to provide an insurance policy for a comprehensive project window until the payment of the last installment of the loan.
6. Classification of projects covered by this loan specialized banks to the following: -
a. Small projects and lend a higher limit (500) five hundred million dinars.
B. Medium enterprises and higher lending limit (3) three billion dinars.
C. Large agricultural and industrial projects and to lend in excess of three (3) billion dinars, provided they do not exceed the upper limit of twenty (20) billion dinars.
D. May be granted large loans for agricultural and industrial projects are economically feasible to increase the upper limit for twenty (20) billion dinars after obtaining approvals from the Economic Committee of the Council of Ministers or the proposed lender.
Millionday: NOTE -- INVESTORS MUST HAVE INSURANCE FOR THE PROJECTS UNTIL IT IS PAID BACK -- MAKES SENSE TO ME --
Millionday: NOTE -- OBVIOUSLY THIS IS FOR THE BIGGER PICTURE -- PROVINCES
Millionday: 7. These loans are distributed among the provinces according to population ratios and rates of poverty, and as needed.
8. What is provided above loan contract between the specialist and the Housing Fund of banks with the central bank and to guarantee the Ministry of Finance.
Second, lending mechanisms 1. Allocates the appropriate bank amounts of borrowed money to small and medium enterprises and large depending on the needs of each province and in coordination with the General Directorate for Industrial Development in the Ministry of Industry for loans Industrial and Department of Planning and Follow-up in the Ministry of Agriculture for agricultural.
Millionday: NOTE -- OBVIOUSLY THIS IS TRANSPARENCY
Millionday: 5. A / be the length of the loan depending on what is included in the economic submitted feasibility by the borrower that does not exceed the term of the loan (5) years for industrial and agricultural loans and can increase the life of the loan by the lender to reach the duration to 10 years with the approval of the Central Bank.
B / be for mortgage loans to citizens according to the regulations and directives adopted by the Land Bank and the Housing Fund that it does not exceed the term of the loan (5) years and can increase the length of the loan term up to 10 years with the approval of the Central Bank.
Millionday: THIS WILL BE RELEASED IN THE MORNING
Millionday: THIS IS AS LONG AS MY ARM
Millionday: SO WE GET THE PICTURE AND THIS IS GREAT
Millionday: THE LOANS TRANSPARENCY AND TOTAL COMPLIANCE ANNOUNCEMENT FOR BUSINESS -- CITIZENS ETC IS OF COURSE GREAT GREAT NEWS
Millionday: THIS IS HUGE HUGE
Millionday: Country director of the UN Development Programme / Office of the Iraq Adam Abdel Mawla said that "the United Nations to help Iraq with all the ways to overcome the financial crisis."
He said the Lord during a joint news conference with the governor of Karbala, Akil Turaihi following the signing of Mhkur between the United Nations and local government spokesman cooperation program [declaration of Karbala] "We are aware of the financial crisis experienced by Iraq, and we are working to overcome this crisis in several ways, including helping Iraq to multiple sources of income and work to not rely on a single commodity, namely oil. "
Millionday: NOTE -- READ EVERY WORD --A HUGE CHANGE COMING
Millionday: He added that" this program, which we had with the government of Karbala, a continuous and long-term and we as a program are continuing in cooperation with the competent authorities,
as well as on the other hand include attracting donors for Iraq and fund development activities related to the governorates, including Karbala, and we have some support from donors and we hope to get more support and to give tangible results will support the success of this program and therefore we make sure to get the required support him. "
Millionday: NOTE -- AT THE SAME TIME OF COURSE -- ABADI IS SAYING THAT THE LAST OF THE TERRORISM PROBLEMS IS ON THE WAY WITH THE MOVES BEING TAKEN THIS WEEK -- LETS PRAY THAT IS TRUE FOR IRAQ
Millionday: UN official, said:" this agreement will be open to a deal and we will work during the next five years and will work with the provinces directly in order to provide services to the categories of beneficiaries and this will be the backbone of Iraq. "
for his part, Karbala governor Akil Turaihi," the Karbala statement came as a result of the fruit of mutual Almnafshat between local government and the program,
"noting that" the declaration includes a ten-point basis and most importantly the establishment of a regional office in central Iraq and Forever operate growth and development of the public sector and local governments and government departments as well as Turkazh on a number of segments of society, including the youth, women and the environment as well as the security sector. "
Millionday: NOTE -- LOOK AT THAT >>>> UN AGREEMENT FOR A FIVE YEAR PERIOD WITH A REGIONAL OFFICE LOCATION IN CENTRAL IRAQ
Millionday: He added that" the declaration also included, among other things stimulate the private sector by strengthening and head with the side of the public sector, including support for diversity social, social solidarity and the rule of law and develop a relationship based on the principle of decentralization and includes the development of capacities and higher efficiencies in Mufafezh. "
Millionday: NOTE -- A DECLARATION IS OF COURSE TRANSLATED AS A PAPER
Millionday: He stressed Turaihi, that" the transfer of tasks and Almsoulyat to the provinces would be in accordance with the principle of decentralization and we have cooperation between the federal government's program and a project to provide for the transfer of functions and powers to the provinces of the ministries, "
He pointed out that "the transfer of these functions and powers are going gradual and in accordance with the timetable, but certainly these things are not without obstacles, as well as to Atakhlu of conflicts of competence between local governments and federal ministries,
but the passage of time will be sealed the principle of decentralization and that the law has become a part of it valid and became the site of application and other parts come in the arena. "
the document was signed by the local government in Karbala governor Akil Turaihi and the United Nations Development Programme, WFP country Director / Office of the Iraq Adam Abdel Mawla.
Millionday: >>>>>>>>the document was signed by the local government in Karbala governor Akil Turaihi and the United Nations Development Programme, WFP country Director / Office of the Iraq Adam Abdel Mawla.<<<
quicktolegit96: IS SHABS IN COUNTRY IN ANY OF YOUR REPORTS?
Millionday: NOT ON INK
Dr Dave: does this mean art 140 is done regarding decentralization...glad your back
Millionday: ARTICLE 140 HAS BEEN DONE AND AGREED ON -- THE REASON I SAY THAT IS THEY HAVE ALREADY MOVED TO AGREEMENTS ON DISTRIBUTION OF THE AMOUNTS ETC
Millionday: BUDGET IS WRITTEN ETC
jackflash101st: could the rebuilding of Iraq as we see now be part of the much talked about Marshall Plan as in Germany after WW2?
Millionday: THE ECONOMIC IMPACT WOULD PUT YOU IN MIND IF IT
Millionday: THE THING IS THIS -- THIS IS LIKE NO OTHER EVENT EVER
Millionday: THE PLAN CAN NOT BE COMPARED TO ANY OTHER TIME IN HISTORY EVEN THOUGH SOME THINGS IN HISTORY HELP IN OUR UNDERSTANDING OF WHAT IS TAKING PLACE OF COURSE
jackflash101st: Thats for sure..and thank you MD
Millionday: THE ECONOMIC IMPACT HAS BEEN TALKED ABOUT BY MANY INCLUDING IRAQ -- SO THE HUMANITARIAN EFFORT IS A GIVEN AND THE CHANGE IN MILITARY CAPACITY GAINED BY IRAQ IS HUGE –
SO MANY THINGS WE HAVE SEEN OCCUR THAT OUR PAST IMPRESSIVE
Millionday: TO BE ABLE TO EXPLAIN A PLAN THAT SO MANY TOOK PART IN IS IMPOSSIBLE BUT TO BE NOT IN AWE OF IT IS AS WELL
thomas1: how much longer do you think before the rv ??
Millionday: TOO LONG IS A MINUTE
Millionday: HAVE A GREAT NIGHT
Millionday: THANK YOU FOR THE MANY PRAYERS AND KIND WORDS IN THE LAST COUPLE WEEKS
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