Millionday Roundtable 12/27/13
[millionday] Prime Minister Nuri al-Maliki and KRG President Barzani to hold a general settlement of accounts for each outstanding issues between the province and the center.
An informed source told the National Iraqi News / Nina /: "The al-Maliki met with Barzani, and discussed with him the outstanding issues between the province and the center. Both sides agreed to hold a general settlement for it.
[millionday] The Prime Minister of the Kurdistan Regional Barzani arrived in Baghdad this afternoon, at the head of a delegation that included Deputy Prime Minister Imad Ahmed and a number of ministers and specialists and advisers, to discuss the outstanding issues between the central government and the Kurdistan region.
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[millionday] now them being in agreement is a high five brb with more if there is any lol
[millionday] i brought this late last night i want to make sure you see it -- received the CBI notice from the Bank for International Settlements in Basel, expressed through it is ready to accept more deposits Iraq has within the budget of the BIS in 2014.
According to a statement of the Central Bank received the Agency (news) copy of it: The Central Bank Iraqi received a notice from the Bank for International Settlements in Basel showed through which his readiness to accept more deposits Iraq has within the budget of the BIS in 2014.
statement added that this action will contribute to achieving better returns for funds Iraq with keeping them in safe places and very worth mentioning that the Bank BIS is an international organization of central banks to strengthen financial cooperation and international funding and operate as a bank for central banks is not subject answerable to any government and is headquartered in Basel, Switzerland
[millionday] the grand daddy of banking has spoken now this is movement of money as with the 2014 budget and an internationally accepted country
[txoilman] Does that mean the dinar will be international ?
[millionday] so now we can see that the budget is going to be part of the free market economy and also the sdr and tradable we like that
[txoilman] Whoop whoop
[DlD] Sooner or later Lol Hopefully sooner
[Dovi] have we heard they voted the budget through?
[txoilman] I like sooner
[millionday] me too!! brb with more oh and thanks hun Dovi no we haven't
[millionday] Trade Bank of Iraq the (TBI) project delivery salaries of state employees the way electronic relying on credit cards to cover the staff of the Ministry of Foreign Affairs and the National Investment Commission.
said director of the bank Hamdiya dry for "Center Brief for the Iraqi Media Network," "After the success of the adoption of the staff of the Ministry Construction and Housing on the project credit cards to receive their monthly salaries, completed the bank recently duties in the issuance of credit cards to the staff of the media and communications and national investment. "
[millionday] She added dry, "We have agreed with the Ministry of Foreign Affairs on the adoption of the draft credit cards to receive their employees their monthly salaries," asserting that "the bank planned over the next year to convert the bulk of the state's departments to receive their salaries credit card.
" and showed that "the project will provide a major effort regard to the transfer of large amounts of financial liquidity and the risks that may occur, in addition to the completion of the receipt of salaries in an orderly fashion."
He took TBI Project Management e-booking, which was adopted by the Ministry of Transport recently and which contributes to the mitigation measures that require booking aircraft for travel.
[millionday] so as we see 2014 will have credit cards
[DlD] So first of year could be very interesting!!!!
[millionday] so pay checks will be loaded on debit
[FeebSlayer] millionday wow looks like I'm on the tail end of some goodies lol
[letsroll] millionday this is not mine but do you believe these are true facts..... Tariffs are kicking in on Jan 2, 2014. Requires a rate prior. CBI bonds are supposed to kick in by end of this month. Requires a rate prior. BIS announced that they will include the IQD in their 2014 budget!!! Their fiscal year starts Jan 1. Requires a rate prior. .. My concern with it the "rate required prior" part. Ty
[millionday] could be very interesting the tariff itself does not require a rate -- but the trade will and we have read it is jan 2nd -- for all but food and necessities so the citizens dont have prices raise
[txoilman] Whoop whoop
[letsroll] awesome Ty
[jimplants] millionday when you say trade you are including the bis?
[millionday] i dont know the date of the new rate but it is going to have to go along with all of the reforms and of course trade for a reality rate i cant believe how close we are to the beginning of the year
[msbrat] Soon !!! Lol
[Fresh] millionday yup - dayssssss
millionday] brb with more
lorijeanmarshall] millionday MD I have a question when you get time
[millionday] The second issue of the Journal of Business and Economics issued by the Iraqi National Business Council, which dealt with economic issues and challenges and offer insights and solutions to reform. most prominent of the policies included in this issue of the magazine to meet with the Minister of Youth and Sports, Jassim Mohammed Jaafar and the Minister of Labour and Social Affairs Nassar al-Rubaie,
who he referred to the interest in the construction of homes for the elderly, despite the fact that his ministry suffer lack of financial allocations and confirms its demand to increase the salaries of social protection in line with the strategies in place to alleviate poverty.
[millionday] also addressed the issue of opening a number of development projects as well as the completion of a number of other ones in the provinces as well as the importance of the opening of the branch for Standard Chartered Bank British in Iraq and will be presented by the services.
discussed number Multi tariff and its direct impact on the type of goods under the current situation, as well as to address the problem of housing and the adoption of the construction of housing and low cost quick delivery and sign a number of contracts with different companies to complete complexes housing in this way.
[millionday] lorijeanmarshall sure hun go ahead
[lorijeanmarshall] millionday Ok, thanks With the tariffs... We know for certain that they have to have the new rate and be international for all of that to work?
[millionday] the tariff is a tax on imports -- it is done by percentages and only for imports --- they decide what type of products get taxed and which dont
[millionday] they have decided that food and any products that will raise the prices for the poor to live will not be applied right now
[lorijeanmarshall] But they do need the new rate and to be international though right?
[millionday] so just products that arent necessary for all
[jimplants] If they are exporting their dates and veggies you would think they would want more than 2 tenths of a cent
[millionday] they will need to have a reality rate so they dont go broke buying and trading
[lorijeanmarshall] millionday Good enough for me. Thanks MD
[millionday] right jim
[sisterbreen] i think what im trying to figure out is when the tariff goes into effect on jan 2 on the luxury items do they have to have the higher rate?
[Dovi] sisterbreen as I understand only because it will break them not to, but not required
[jimplants] It would be crazy to fork over a butt load of dinar at the programed rate and then change it later
[millionday] lol right jim it would not seem like the smart thing to do
[Dovi] like a $1 hammer costs them 1166 .. but at $3.50 they get 3 hammers for 1 dinar
[DBJJ] millionday but then again....we are still talking about Iraq...