[millionday] He pointed out during his speech »Sabah « that banks Business Bay , Baghdad, and the National Bank of the Islamic staged the wings of their own within the exhibition held on the sidelines of the conference and deliberated Iraqi banks to participate with all Arab banks ways to contract agreements for the exchange of experiences and cooperation Arab banking and draw a road map for the movement of investment and financing among Arab countries .
He noted that the administration of the conference praised the Iraqi participation and honored the Association of private banks in Iraq three banks shield Union of Arab Banks for its contribution to actors in the conference and the fortieth anniversary of the founding of the Union.
millionday] dinarmamma yes and the anger and issues are still going on -- in some countries it is bad
[millionday] big smile >>>>>>>>>>>>>>The conference was organized by the Union of Arab Banks in Beirut under the banner of ( economic fallout of the Arab transformations - the reforms and the role of banks ) . brb with more
Read More Link On Right
[LBnFL] I wish they would SHOW us what they have learned in all these conferences and seminars.
[FeebSlayer] hard to show things that are written with disappearing ink lol
[millionday] here is the rasheed bank news
[millionday] LBnFL they have sweety they have showed it in all of their trade laws and banking reforms and all of the attorney general and consumer protection it is all compliant with wto
[millionday] i will get more into it about the wto let me bring the news in first then i will talk more about it
[millionday] Opens the Ministry of Finance in the coming days a branch of the Rasheed Bank in the Turkish capital of Ankara, as revealed its agreement with the World Bank on the development of expertise among workers in state-owned banks.
transfer spokesman for the Ministry of Planning Abdul-Zahra al-Hindawi by the Minister of Finance Agency Ali Shukri as saying that the ministry is in the process of opening a branch of the Rasheed Bank in the Turkish capital Ankara for the purpose of expanding the bank's activities outside the country, with plans to open another branch in Brazil, noting that the bank opened two new branches in Romania and the United Arab Emirates.
millionday] wow this is great news
[millionday] Hindawi said the ministry agreed with the Director of the World Bank Branch Middle East to develop banking capabilities for workers in state-owned banks through the establishment of training courses inside Iraq by international trainers and under the supervision of the World Bank,
noting that most of the Iraqi banks are still working paper and pencil, noting that the World Bank expressed its readiness to support the project where the parties have agreed to be there subsequent meetings and to develop a detailed program on it.,
[millionday] the training has been going on already with iraq and the unions etc
[millionday] Associate Director of Real Estate Bank Khudair Abbas, said the training of cadres working in government banks guarantee enrollment Iraqi banks in the financial system and banking advanced in the world, indicating that it is the investment in human capital,
noting that the international banks in Developed countries are designing the service, according to customers need, either the services offered by most of the Iraqi banks traditionally do not rise to the regimes of modern international.,
[millionday] so the training is to go open to the world services etc
[MatCauthon] I'm not sure if they need an international currency to do this since they already have branches open in Romania and UAE
[millionday] look at this >>>>>>>>>>and pointed out that these programs will secure the infrastructure of Iraqi economic able to keep up with what reached by the international community in this area,
noting that The ministry had previously set up programs to train cadres of the banks working on the adoption of the electronic system in the banking business within the project of restructuring the banks in order to provide better services to the customer banking in the country and support the Iraqi economy in general
[MatCauthon] But its great news anyway
[millionday] i am very sure very smile they have to have a reality rate as they have been talking about and have had for ever they have to for world economics --
[millionday] even the little but that china is off is a problem -- this would be wiping them out -- paper and tender -- they are expanding the banking and much will be happening at the same time
[LBnFL] So how can they have bank branches in other countries already opened? I'm not trying to be argumentative, I just don't understand.
[millionday] they are now training for services to exchange the dinar remember everyone we are talking about the exchange rate of the dinar banking is a business like a store
[Royal] yes for sure they must reinstate there money for all this you would think
[millionday] and they will get their product in there they are making money and getting ready to hook to all of these countries at once
[millionday] once the dinar is internationally recognized it will be used in reserves and in trade and will have an exchange rate that is their reality rate
[Royal] would this be this year
[millionday] when they open a bank just think of how exciting that is like a store out side that they will sell their product in that we are invested in ---- so close see what i mean?
[DlD] We hope
[millionday] we cant guess ---- but they are very close of course they will make more money and also the isx will boom with the currency done
[millionday] the world bank is there and the imf is helping getting it all electronically set up
[DlD] One has to wonder how long they can wait
[millionday] LBnFL does that make sense we have bbt
[LBnFL] So the branches of Iraqi banks currently open in other countries are not using Dinar, but only the currencies of that country? And they cannot use Iraqi dinar there until the dinar becomes internationally traded. Correct?
[millionday] that is how it has to be yes correct when they are open for business
[DlD] Makes sense now. Just having a blonde moment lol
[Red Skyy] So the newBritish bank in Iraq is not operational yet.?
[john77] millionday bbt?
[millionday] see being out from sanctions allows them to move forward in this way and they are working on the electronic banking so they can be in the wto and their currency can be sold on the market and they can enter free market
[millionday] DlD smile
[letsroll] interesting how it stated the banks have still been using pencil and paper ... no wonder its taking so long the learning curve must be steep ... thanks for keeping it real millionday
[millionday] Red Skyy it may be but they are having the same thing a store so they can not unless they want to lose a lot trade their currency --- they are preparing to get some of the investment money
[millionday] letsroll i thought so too --- what? they better get their act together
[millionday] the world bank is there training and this is great lol i hope they were joking lol -- they have to be with the cards -- but goodness what a translation
[DlD] We need to ship them some calculators and computers lol
[millionday] they dont want the americans there -- we are ill and tired of this -- we should take off and train them lol
[millionday] let me see what else i have but know this -- these banks popping up -- fantastic setup and news smile
millionday] Parliamentary Finance Committee noted, the need for the application of the Tariff Act, he will boost state revenues and the financial support of the local product, as well as it reduces the rates of inflation in the country.
The deputy chairman of the Committee MP Ahmed Faizullah (of the Agency news): The world's most well have a law tariff only Iraq, pointing out that he has been since the law was passed in 2010 and has so far not been implemented on the ground.
[millionday] He added that he can not be the advancement of the national economy without a law to protect national products as a law tariff, stressing the need to apply it at the moment because of its great importance to support the economy through the promotion of revenue for the state and the support of local products as well as reducing the rates of inflation, which usually rises.
This was the Iraqi government decided in 2011 to wait to apply the Tariff Act, for reasons described Balphenah to incomplete infrastructure in the offices of the customs border crossings.
[millionday] know that they are advancing their economy and it will be huge - applying at this moment is very telling
[winone] millionday YES I DID
[millionday] who brought that to me on the taxation on currency?
[millionday] winone -- wow smile
[millionday] so let me get past the first part -- wow brb
[winone] millionday smile here too if it relates to rv money lol
[millionday] i hear ya let me look at it brb -- i may bring it in let me look at it
[Smokey Mtn. Dinar] I read this earlier and thought WOW
[millionday] this is very interesting part -- now let me say -- this was brought to me and i have to disclaimer it for our site
[millionday] we are not tax professionals and want you to pay all of your taxes due -- we do not know what is owed or what will be owed and are not responsible for any decision you make under that point of paying your taxes
[millionday] you must pay your taxes and peoples invested in not responsible for that --- we are not telling not to pay them and are giving you any advice concerning this action due of your own
[millionday] this is what is interesting of what i am reading
[millionday] SEC. 3. NO TAX ON CERTAIN COINS AND BULLION. (a) In General.--Notwithstanding any other provision of law--
(1) no tax may be imposed on (or with respect to the sale, exchange, or other disposition of) any coin, medal, token, or gold, silver, platinum, palladium, or rhodium bullion, whether issued by a State, the United States, a foreign government, or any other person; and
(2) no State may assess any tax or fee on any currency, or any other monetary instrument, which is used in the transaction of interstate commerce or commerce with a foreign country, and which is subject to the enjoyment of legal tender status under article I, section 10 of the United States Constitution.
(b) Effective Date.--This section shall take effect on December 31, 2013, but shall not apply to taxes or fees imposed before such date.
[millionday] hmmm see that date
[winone] I LIKE IT
[winone] Too good to be sure - so i will be wary until tax person gets involved for sure