Millionday chat 7/12/13
[millionday] this is from an economist about the changes
[millionday] Chancellor revealed in the Iraqi Institute for Economic Reform d. Ahmed Husseini, the presence of a number of solutions and proposals to give a greater proportion of the stability of the Iraqi dinar. Husseini said in a statement (morning): that there are short-term solutions and long-term to reduce the volatility of the exchange rate of the dinar against the dollar.
He said the quick solutions include reducing pumping dollars through cash sales at the central bank auction, along with the adoption of increased foreign remittances, in addition to increasing the price of cash sales at the central bank auction for the equivalent selling price in the auction of foreign remittances, noting that the sale and purchase of foreign currency to companies conversion and mediation fiscal done by banks licensed in Iraq to reduce transactions not meeting the conditions and procedures adopted.
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[millionday] note -- this is concerning keeping the rate they set the dinar at
[millionday] . said Husseini need to compel traders and dealers in the areas of trade exchange between Iraq and neighboring countries to deal transfer financial and letters of guarantee, rather than buying cash.
and on radical solutions long-term, said Husseini it is reviewing the financial policy of the state and reduce inflation in spending, operational, and the need to speed up plans for banking reform in order to facilitate the procedures for exchange the cash,
in addition to improving the tax code and work to expand horizontally while reducing tax evasion. pointed to procedures to exchange the cash does need to be hurried just a tad -- smile
[millionday] the necessity of activating the law of customs tariff because of its role important in providing incentives for producers with feature economic, leading to a reduction in the volume of imports, as well as improved revenue workforce, stressing the importance of improving the business environment,
the economic order to raise the efficiency of production for companies and institutions of local productive that will reduce imports and increase the intake of foreign exchange through export as well as attract foreign investment.
Husseini stressed the need to use modern electronic mechanisms in the distribution of salaries and the use of bank instruments and to encourage savings, can also issue a new currency or deletion of zeros from the current currency to have a positive psychological effects on the local currency dealers.
[millionday] so this is is refering to the many things that they can apply to have success in their currency and keeping it in order to keep on track as budgeted and to also keep the inflation down and the value up and growing [millionday] brb with more
[millionday] Hussein of Tamimi He pointed out a number of industrial affairs specialists importance of reducing its number of workers in public companies before heading for the stages of the investment or the events cost-effective partnerships with international companies.
Competent in economic affairs Tawfiq inhibitor pointed out that public companies specializing in many important industries in the country and its products can be employed to serve the local economy by offering qualitative production to the local market.
He inhibitor in an interview (morning) that promote public companies can not in its current form, pointing to the importance of the privatization of these companies and displayed for investment, noting that this step will face the problem of high numbers of manpower in these companies, where more than the actual need for production.
[millionday] in other words they need to intergrate with other countries coming into the country and man power hours will be much more advanced and help the economy --
[millionday] the advancement is for a obvious reason -- the training in more advanced techniques
[millionday] He pointed to the importance of returning companies and laboratories public to the stage of production from new and can be achieved after became communicate with the corporate world order is not especially as the country exceeded the provisions of Chapter VII, who was tying the country's relations economic development in many aspects., ‘
The Ministry of Industry and Minerals has demanded Iraqi parliament to find a legal formula to lay off a number of employees and retirement or transferred to other departments.
The researcher affairs industrial Jassim Al Aradi said that the reality of public companies must be in tune with the process of economic transformation towards a free economy, and we must proceed with laws fit the new phase, pointing to the importance of addressing the problem of rising numbers of employees of these companies, and training for a market economy and the new regulations that brings to all business
[millionday] so they can be to find appropriate solutions to the reality of the company as well as employees who should not Limbering affects their lives, and are added to the workforce unemployed.
He explained that the local private sector and international when surprised to prepare workers re-calculation of the new because the number more than twice the actual need to rotate the production process and this negatively affects the economic viability and as a result, the problem is a list of what did not insist to logical solutions, we must participate and Zarah Planning and Labour and Social Affairs and other relevant actors.
Moreover, a member of the Economic Committee said MP Nahida Daini in a press statement proposed rehabilitation idled factories in the Ministry of Industry, noting that any plant in the event of rehabilitated to accommodate 3,000 to 5,000 workers.
[millionday] She explained that this proposal among the solutions provided by the Economic Commission for problem officers industry.
In the meantime, he said the decision of the Economic Commission MP Mahma Khalil large numbers to the staff of the Ministry of Industry, which up to 200 thousand employees pay the ministry to ask the parliament to finding legal formula for the transfer of employees to other departments or give retired them. He pointed to the need for some institutions in the state for these experiences from the Ministry of Industry and operating in its jurisdiction.
He said the Paradise looked at this issue and came up with recommendations and ideas contribute to solve the problem of giving a pension or full integration with other departments in the same specialization.
[millionday] the problem they are discussing is the employees that are old or have no desire or ability to do things with new technology and fit in the newly trained ect -- it is an issue that all countries have dealt with after adding new computer technology in plants ect
[millionday] there may be some things that their experience may be very useful for but then again it depends on the industry they are a part of
[millionday] as sad as the sibject is we all have seen it in one effect or another so let me go get some more brb with it smile
[millionday] United States of America confirmed that Iraq has returned to practice positive influence in the region after his release from Chapter VII.
This came during receipt of Prime Minister Nuri al-Maliki on Tuesday evening (Thursday) a telephone call from U.S. Vice President Joseph Biden, confirming that Iraq regains its regional and international role, especially after his release from the provisions of Chapter VII.
Biden welcomed in his call, which they congratulated the Prime Minister on the occasion of the holy month of Ramadan, the return of Iraq to exert positive impact in the ocean and the growing regional relations with various Arab countries and the countries of the region.
[millionday] The two sides discussed during the contact and views on various developments in the region and the Syrian crisis, as the Prime Minister of Iraq's consistent position that efforts should be intensified to find a political solution to the Syrian crisis and put an end to the suffering of the Syrian people worsening.
Meanwhile, the Presidency of the Kurdistan region reported that U.S. Vice President expressed his country's readiness to provide assistance to solve the problems of the political process in Iraq.
A spokesman for the presidency of the region Omid Sabah said in a statement posted on the official website for the presidency of the region, and seen the "morning" it:
"The two sides discussed the overall situation in the country and witnessed the political process of the problems, through a Biden the connection." [millionday] LBnFL smile
[millionday] He added that "Biden expressed his country's readiness to provide assistance to resolve the problems faced by the Iraqi political process," adding that he "welcomed the recent visit Barzani to Baghdad and meeting with officials in Baghdad."
And visited the Kurdistan Region President Massoud Barzani, the capital Baghdad last week at the head of a high-level delegation, held immediately after his arrival a meeting with Prime Minister Nuri al-Maliki, as the two sides discussed the outstanding issues between the center and the region.
On the other hand, recently, the new Iraqi Foreign Minister Hoshyar Zebari said during a meeting with his French counterpart Laurent Fabius, neutrality of the Iraqi position of the Syrian crisis and his commitment to the search for a political solution to stop the cycle of killing and destruction continued.
[wmawhite] millionday .........lol...this needs to be e-mailed to all of the gurus who are still stating that Iraq has not been released from Chapter 7.
[millionday] According to a ministry statement received "morning," a copy of which had been discussed during the meeting Iraqi relations - French and ways of developing and deepening, also discussed the political and security situation and economic development in the country and the government's keenness to meet the challenges of security and political greater unity and solidarity.
The statement noted that the two sides reviewed the vision on regional developments and pressing developments of the Syrian crisis regionally and internationally. Zebari stressed the independence and impartiality of the position of the Iraqi crisis and his commitment to do its part to search for a political solution to stop the cycle of killing and destruction continued, reviewing the implications of the Syrian crisis in Iraq and neighboring countries all.
[millionday] wmawhite thats strange they are saying that
[millionday] The statement quoted the French minister, "his understanding of the position of Iraq," while hailed Zebari position of French support for Iraq would emerge from the provisions of Chapter VII and the settlement of the remaining files with the State of Kuwait, directed a formal invitation to his French counterpart to visit Iraq, who agreed to meet the call soon.
In turn, pointed Fabius to France's interest in contributing to the reconstruction projects and reconstruction of infrastructure in Iraq through the participation of its companies in the Baghdad International Fair. Had previously held Zebari, Fabius talks in Paris a year ago during a visit to the opening of the first of the Embassy of Iraq's new in France in July 2012.
[millionday] so they are all talking and they are talking about how great iraq`s impact will be in the region blah blah blah smile brb with more lol
[millionday] Launched in Baghdad yesterday evening (Thursday) Talks between political leaders during the holy month of Ramadan.
With Search Vice President Khodair al most prominent items included "document of honor", intended to be placed in front of political leaders during a meeting with Deputy Prime Minister Saleh al-Mutlaq, discussed the President of the Alliance National Ibrahim al-Jaafari with the head of the Islamic Supreme Council of Iraq Ammar al-Hakim, the political situation in Iraq and the region.
statement from the Office Alkhozai received "morning," a copy of it, said Alkhozai discuss during his meeting with al-Mutlaq and his accompanying delegation, the most prominent political and security developments and services in the country, as well as developments situation in the Arab and regional levels
[Memphis] Hello all
[millionday] hello hun
[millionday] According to the statement, the Alkhozai presentation during the meeting, the most prominent items document of honor, was discussed ways to activate a way that secures the country's unity and independence, pointing out that all the terms of this document will be presented to all partners in the political process and are subject to discussion with all parties. expressed Alkhozai ,
quoting a statement, the hope that contribute to the document in solving the problems that hinder the political process and activate the foundations of national partnership.
statement noted that al-Mutlaq For his part, welcomed the efforts of Alkhozai in maintaining the sustainability of the political process,
[millionday] note -- much better then last years conversation at ramadan -- smile
[millionday] the title of true partnership and citizenship sincere. Deputy President Khodair al said, continuing consultation of the political parties to create an atmosphere of holding a national meeting poses a document of honor, saying that there was serious by all parties to work to end the crises in Iraq.
Meanwhile, examined the head of the National Alliance, Ibrahim al-Jaafari with the head of the Supreme Islamic Council, Mr. Ammar al-Hakim political situation in Iraq and the region. statement said Jaafari's office received "morning," a copy of it,
[millionday] it was during the meeting calendar political circumstances witnessed by the Iraqi political arena and across the region, was also emphasized the need to intensify efforts and communication between the political forces all, and cooperation for the passage of laws pending in the House of Representatives, and the importance of the Iraqi National Alliance takes its role in the next phase to provide better services to the citizens.
[millionday] House Speaker Osama Najafi, Thursday, with a delegation from the international trade union organizations headed by Kamal Aolkan the enactment of the trade unions and trade union organization of work. A statement by the Office of Najafi, "It was during the meeting to discuss the reality of workers in Iraq and the latest developments on the enactment of the trade unions and trade union organization of work."
[millionday] He added, "Najafi stressed the commitment of the House of Representatives the rights of the working class and the great respect for its effort in the construction and development, pointing out that the Council will provide all kinds of support that would preserve the rights of the working class."
[millionday] im looking for changes in the stock market for sunday so we have it in print please have a little patience -- this is important brb
[millionday] Based on what passed the House of Representatives and approved by the President of the Republic and based on the provisions of item (i) of Article (61) and item (iii) of Article (73) of the Constitution: Issued the following law:
[millionday] Disengagement Mesopotamia Printing House of the Central Bank of Iraq And attached to the Ministry of Education Article 1 - FAFSA link Mesopotamia Printing House of the Central Bank of Iraq and attached to the Ministry of Education in all its rights and obligations, assets and employees. Article -2
The decision of the Revolutionary Command Council (defunct) (2) 03/01/1996 Article 3 - to the Minister of Education to issue instructions to facilitate the implementation of the provisions of this law. Article 4 –
This law shall be from the date of its publication in the Official Gazette. The reasons For the purpose of disengagement Mesopotamia Printing House of the Central Bank of Iraq and linked to the Ministry of Education. Initiated this law.
[millionday] federal grants for student loans ? the changes in their content very interesting but that is the best i have on it -- anyone else is welcome to comment smile
[millionday] so the law is in place and should have amounts and scale changes in it if that is what it is refering to -- very hard translation sent to me [millionday] so it will go into effect when printed
[wmawhite] millionday .......the GOI is making student loans and at the same time stating that the value of the IQD must be raised...hmmmmmmm
[millionday] i have massive things sent to me so have patience please
[millionday] makes sense to me -- the education system would have had to have so much changed it must have been a nightmare just for education tools alone [millionday] brb with more
[wmawhite] millionday .it eliminates one segment of the population from getting mad and marching in the streets.
[millionday] The reporter said that Shiltar's language of English did not qualify him for the position. He asked if Shabibi was under any kind of pressure from others to accept him. Shabibi said there was no pressure. He even knew some of his family.
The truth is that he formed connections with some people who went against the CBI. The reporter asked him about allegations from Miss. Fawzia Kathum that there was pressure on Shabibi to give amounts of money from the reserves to buy an electric plant which does not work, and to give money from the reserves to the government, and that Shabibi did not comply and that was the problem.
Shabibi said this is another issue. This goes against the CBI laws. It is against the law to give funds from the reserve to anything but issues for the stability of the exchange price.
That is why the issues of the auctions, taking dinar from the market, reduces pressure on prices and reduces inflation. The monetary policy is not a trade policy.
[lorijeanmarshall] Was this from Shabbs today? Sorry, jsut got in.
[millionday] this is an interveiw sent to me through email -- it is dated today
[millionday] The reporter asked him who specifically asked Shabibi to take money from the reserves. He didn't answer but said from the government in general.
He said he can't say who specifically. He said the government wanted 5 Billion from the reserves and the CBI refused. He said even Parliament helped them with that issue and it was lifted.
He said if they had changed the law, or if it was in the process of being changed, it would be a different story. The reporter asked about the reserves, that it is said they had 10 tons of gold.
Shabibi said this was published, and with the Treasury. He said, when he left there was 67 or 68 Billion of combined dollars, sterling pound, euro and gold.
[millionday] The reporter asked how much in gold. Shabibi said about 32 tons. They went from 5 tons to 32 tons. He said when they decided to buy gold, it was about 1-2 months before he left. He said they did this because it is the most reliable and so there is more confidence.
The reporter asked if the local banks have an affect on the CBI. Shabibi said he did not know. But that the local banks require large reforms and development, to go to free trade, and they need help from the government by the government giving the local banks business.
But that the local banks had work to do, increase their capital, not rely on auctions, and need to find loans even if it is with risk.
[millionday] The reporter asked about the lifting of Chapter 7 sanctions, and if this posed any danger to Iraqi money. Shabibi said that this opened lots of opportunities. But is they have loans, the world is watching them. They (Iraq) have to pay their debts and fulfill their obligations. The CBI is separate.
The reporter then asked if he warned against anything. Shabibi said it is important to be in good standing members globally. They need to fulfill their obligations, specifically those agreed to by the Paris Club.
He said he is worried that there are some people or ideas that will go in the direction against the Paris Club, and that they would be revised again by the Paris Club, and will not get the same conditions as in 2004
[millionday] The reporter asked what he meant by that. He explained that under the conditions of the Paris Club, they got a reduction or forgiveness of 80% in the loans.
This is the best agreement in the world that can be given to an average income country.
After the great increase in the Iraqi money and oil, if there is a problem with the Paris Club, they will definitely not get the same conditions. There will be those who will think they will have to pay more than the 20%
[millionday] disclaimer::: we at People invested do not know the source of this interveiw and can not verify its content -- it is for your enjoyment and i can not tell you if it is from a reliable source at this time