Millionday newstime 9/23/15 Part 1 of 2
WELCOME TO MILLIONDAY NEWSTIME AT DINARUPDATES.COM
Millionday: MY NORMAL NEWS IS NOT IN SO HOLD ON AND LET ME PULL SOME OTHER SOURCES I HAVE INTERNATIONALLY
Millionday: GREAT TO SEE YOU ALL -- WHOOPOW
Millionday: MY NORMAL NEWS HAS NOT COME IN BUT I HAVE SOMETHINGS TO SHOW YOU
Millionday: WE HAVE SEEN AL OT OF GREAT NEWS LATELY -- WE ARE SEEING THEM PREPARE FOR EID NOW AND PREPARE FOR MANY TIMELINES AS WELL
Millionday: NEWS WILL BE SHORT BUT SHOULD BE MEANINGFUL IN THE NEXT WEEK
Millionday: The Iraqi Parliament on Tuesday, August 11th debated and approved its own reform package to complete Prime Minister Haider al-Abadi’s decision.
This reform package calls for setting aside officials that demonstrators have demanded be held accountable to have them ripped of their impunity; approving the oil and gas law; the law on parties and federal courts; covenant laws; federal parliament law; amnesty law and laws on national reconciliation, and the national guard law.
Millionday: Iraq’s state-run al-Iraqiya TV declared: “The Iraqi Parliament congratulated the approval of the Prime Minister’s reforms and went on to declare it backs these measures with its own reform package.
Millionday: SO ISN'T THIS INTERESTING
Millionday: YOU KNOW I LOVE INK BUT I AM IN SHOCK OVER THIS
Millionday: SOMEONE TOLD ME THIS AND OF COURSE I SAID SHOW ME THE INK --
Millionday: WELL I HAD THIS IN MY E-MAIL TODAY
R&R: Sorry about that I forgot to wait for "END OF REPORT"... So was that article dated today, discussing Parliament's accomplishments back on the 11th?
Millionday: THE 22ND
Millionday: I DON'T KNOW WHAT TO THINK ABOUT IT -- HAVE NO WAY TO VERIFY -- IT COULD BE TRUE -- HOPE IT IS
Holly1: so what happens now ...If true
Millionday: THESE ARE VERY IMPORTANT LAWS THAT ARE EXPECTED TO BE IN PLACE FOR THE NATIONAL RECONCILIATION CONFERENCE THAT THEY ARE AND THE UN IS PROMOTING
faith1: does that mean the reforms will go forward as Abadi said after the holiday?, they are also announcing on their TV to the people , on TV?
Millionday: THEY ARE STATING THAT AFTER EID THEY WILL GO THROUGH -- PARLIAMENT WILL HOST ABADI --
AND THE LAWS PREPARED WILL BE ACTIVE ALONG WITH THE SALE OF BONDS DOMESTICALLY AND ALSO THE REFORMS ACTIVE BUT -- WE WILL HAVE TO WAIT FOR ACTION BEFORE WE KNOW
faith1: of course TY ! Come on Iraq !!
Millionday: YW ALL THE TIME -- I AGREE COME ON IRAQ
larrykn: have to ask, would that include the change in a rate too
Millionday: A MARKET ECONOMY IS THE GOAL OF THE GOVERNMENT PROGRAMS AND THE CONSTITUTION ---SO WE WILL WAIT TO SEE WHEN THE INTERNATIONAL PRICE OF CURRENCY IS RELEASED FOR THE MARKET
Millionday: TIPPY TOE
buck: in that article what do they mean "with their own reform package" ????? is this different than Abadi's ????
Millionday: THEIR RESPONSIBILITIES -- THEY HAVE OBJECTIVES IN ALL OF THE REFORMS -- FOR INSTANCE THE LAWS THEY WERE STATING WOULD HAVE TO BE VOTED THROUGH
Millionday: I HAVE TO SAY --I AM SHOCKED OVER THE LIST
buck: thank you all the time i am also shocked had just asked about those laws
Millionday: I WAS TELLING YOU ALL THAT MY NORMAL NEWS IS NOT IN BUT I HAVE SOMETHING ELSE I WANT TO LOOK AT WITH YOU
Millionday: I HAVE THE NATIONAL RECONCILIATION PAPERS
Millionday: A PORTION OF THEM INCLUDE THE ECONOMIC EXPECTATIONS/RESULTS FROM THIS CONFERENCE ---REMEMBER THIS IS HELD IN BAGHDAD AND ATTENDED BY MANY INTERNATIONAL LEADERS --- THIS IS VERY FORMAL AND IS BEING GLOBALLY PROMOTED BY MANY -- THE UN -- IRAQ -- ETC
Millionday: SO LETS LOOK AT WHAT THIS IS BECAUSE IT IS WITHIN DAYS ACCORDING TO REPORTS OUT OF IRAQ AND ELSEWHERE
Millionday: Economic Reform Goal: Create an enabling environment for investment, public and private, domestic and foreign, as a driver for sustainable and diversified economic growth and job creation; create the conditions for maximising the benefits from foreign aid and investment and
integration into the global economies
Millionday: NOTE =INTEGRATION INTO GLOBAL ECONOMIES IS PART OF THE ECONOMIC REFORM
Millionday: Private Sector Development and Investment promotion
Goal: Create an enabling environment for private investment and job creation
Enhance the rule of law in commercial and financial activities.
The judicial system and the legal capabilities in this field will be developed to ensure the protection of private property and the sanctity of contract
Investment Law will be implemented and a new Commercial Code will be passed and implemented
Millionday: COMMERCIAL CODES -- INTERNATIONAL COMPLIANCE FOR TRADE
Millionday: OBVIOUSLY WE ARE SEEING THIS READY >>Find private sector-based solutions to stimulate housing development;
• Improve availability of financing to private entrepreneurs, particularly to SMEs including credit guarantees, concessionary financing including micro and SME specific packages;
• Include provisions for the encouragement of private sector in public procurement legislation and regulations;
• Join OECD-MENA and participate in their programs for private sector development and investment promotion.
Millionday: Financial Sector Restructuring
Goal: Promote public savings and investment and to create an environment for investment
and growth the Government shall continue its effort at reforming the Financial Sector.
Millionday: THIS INCLUDES>>>>>>> Restructuring state owned banks;
• Creating conditions for the strengthening of Iraq’s financial system and increasing access to credit by businesses and individuals;
• Creating an enabling environment for competition and for the growth of private banking, restructuring and consolidation of private banks, and for levelling the playing filed in the banking system overall
• Facilitate the participation though private banks in government payments accounts such as payroll and pensions;
• Expand the electronic payment system
Millionday: NOTE -- OBVIOUSLY BECOMING COMPETITIVE IN THE MODERN BANKING WORLD
Millionday: MY FAVORITE PART COMING UP
Millionday: Regional and International Economic Integration Substantial hurdles must be overcome in order for Iraq to rejoin the global economy – not the least of which being its large international debts and obligations. The Compact seeks to resolve those and other outstanding issues in relation to international economic partners.
Millionday: NOTE -- THE INTEGRATION INTO THE ECONOMIC GLOBAL WORLD OF FINANCE --- WHOOPOW
Millionday: >>>>>Iraq will pursue membership in international trade, cooperation and environmental treaties and organizations for the benefit of the Iraqi economy and the welfare of its people. For this to happen it is necessary to:
Millionday: NOTE -- THE ECONOMIC REFORMS MAKE IT NECESSARY TO>>>
Millionday: Factor regional and international integration into economic policy including tax and customs policies, regulations of trade, finance, services, public procurement, quality standards, intellectual property and investment
• Build capacity across Ministries to negotiate and implement international treaties and agreements
Millionday: IMPORTS/EXPORTS=TAX AND CUSTOMS POLICIES -----ALSO INTELLECTUAL PROPERTY -- PATENTS---OWNER SHIPS ETC --(NOT THAT EVERYONE DOESN'T KNOW THAT) ETC
Millionday: Pass legislation and undertake other measures necessary to facilitate implementation and active participation in international treaties and organizations
• Review the accession to existing International Conventions/Treaties/Protocols: ensure progress on signing/ratifying and reporting obligations
Comments may be made at the end of Part 2 Thank You