[millionday] here we go -- Contributes to the private sector in many countries of the world for most of the gross domestic product, which achieves global economic growth, so experts urged the need to restructure the private sector's role in Iraq as an effective and essential for sustainable development serve the community and its citizens.
comes at a time put the body adviser to the prime minister a draft strategy to support the private sector to assume its required, consistent with what was in the Constitution implementation mechanisms of the market economy.
millionday] Economic expert on behalf of Jamil Antoine considered that this strategy is good, and it's a result of the work and continuous effort for the advisers and international organizations that have the expertise and the contribution of the private sector in which well, urging the commitment to follow-up and implementation.
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[millionday] stressed Antoine (morning) the importance of achieving the administration efficient to the helm of the Iraqi economy through private sector participation Bkivaouath, and pressure on the source of the decision, as he did not take his role has been given attention in the management of the economic file, especially that many of the economic decisions have not seen the light or implemented incorrectly gave the impression inversely.
[millionday] called Antoine private sector that the programming done in accordance with the plans and clear, as it has to be joining his representatives in parliament and provincial councils of Iraqi competencies is built on the foundations of conglomerates political,
‘ in addition to the creation of conglomerates to contribute to the pressure on the authorities with the help of global organizations to meet and implement the requirements of the growth of the private sector, pointing out that the main objective,
‘which combines the private sector with the power is the development of the country's economy and Highnesses the Iraqi economy and sustainable development serve the citizens.
[millionday] note -- they are saying that support and growth of the private sector is the root of the global economy for Iraq`s economic reform and all countries
[millionday] between that the private sector believes belonging to the country, because he chose to stay and did not leave no room to exit out of the country under the conditions past and present and the lack of security and political stability, especially as the country's environment repellent investments, ‘
but the private sector insist to stay and work, believing it to be an incentive in order to support the state sector. expert noted that there is an imbalance in the restructuring of the role of the private sector as an effective and essential work with the state for the growth of the economy, ‘
so they have to be convinced turn and faith for his efforts, which makes the application of these strategies of interest and application, through a new structure to put it in all his joints, industrial, agricultural, tourism, and trade, to form a compressive force through the exercise of his role and participation in the GDP.
[millionday] in other words to get the country up and running it will take all private and all public trade --- they all have to work together in order to have success
[wilbur48] millionday changing the exchange rate would that really make a difference in their prices in country.. if they use dinar to buy and if they don't exchange currency what would be the difference to the iraqi people?
[msbrat] So in other words they need to get the private sector going... Can they do this without an increase in the value of their currency?
[millionday] Urged the House of Representatives to diagnose the defect and the challenge for the private sector to develop strategies and plans of successful economic investigating the growth of the country, as the Iraq is fertile ground for the coming talent as well as its economy promising,
stressing the need to educate and train specialized personnel for the advancement of the national economy, as the experiences of other countries that were going system of socialist experiment Bologna that changed the course of economic,
where he became the private sector contributes 70 percent of its gross domestic product the total, while that Iraq depends on oil revenues mono, which is a weight heavy on oil investments,
while the productive sectors frozen and not working, stomatitis that there are flaws within the private sector itself, and he has to re-structured.
[FeebSlayer] if they need the private sector to get going, they better do a much better job with security ......... JMO
[millionday] wilbur48 the same as it would be for all countries just to have a rate that doesnt represent the gdp and all calculations that develop their rate --- the reality rate makes it even in what they have and also they would run out of paper money -- they dont have enough
[millionday] they are improving on security and also have foreign countries there to help --- it is much better
[millionday] for his part, said economic analyst Abdul Rahman al-Mashhadani said » the private sector, based on the rehabilitation of the national economy, corresponds to there laws to activate this sector ». added Mashhadani in a press statement that «a lot of countries around the world,
including Iraq relies in support of its economy to the private sector, which enters in many areas, including the areas of service and electricity, and that the private sector needs to support and not necessarily be a material support, but needs moral support «.
[Dovi] didn't they just recover 400 billion dinar from the terrorists this week? A nice move getting that money back..speaks to security and economy
[millionday] that explains it right there -- perfect timing --- it is effecting everything - they have to have a reality rate as in economics 101 --- macro
[millionday] that is how the global trade works
[millionday] we can understand by what we have heard by what was going on with China and them being a little off and the problem our news has reported -- the rate being this far off because it was imposed -- not reality
[letsroll] wilbur48 To me 1 iqd is 1 iqd just like 1 usd is 1 usd we have inflation and such which makes the buying power weak for our usd ,Iraq will be in the same situation it's the strength of the buying power ... clear as mud huh
[Dovi] millionday would you explain that about China? I missed it I guess
[millionday] in the country -- thats perfect
[All4HIM] Dovi They must be serious about security seeing how the USA sent missiles and drones.
[Dovi] All4HIM and right after that they recover all those dinars
[wilbur48] I was just think that canada rate doesn't make any difference to us.
[millionday] we have heard on the news that their rate needs adjusted to be accurate --- they have said they would and they have not and they have promised and not and they have changed it a little etc etc
[Dovi] wilbur48 Iraq imports 95% of what is uses
[millionday] it would if we were holding Canadian money and going to exchange
millionday] The United States urged China on Tuesday to quickly implement planned reforms to open up its economy and said it will keep a close eye on progress as officials work to resolve remaining trade tensions with the world's second-largest economy.
The Office of the U.S. Trade Representative (USTR) also said the United States would not hesitate to lodge new disputes with the World Trade Organization if bilateral talks on a range of contentious issues from agriculture to intellectual property failed.
China, a $450 billion market for U.S. goods and services that has become a key source of revenue for some American companies, announced plans last month to steer its economy towards more sustainable growth and liberalize markets.
millionday] there is something about China -- thats to make sense of what i was saying
[Smokey Mtn. Dinar] I look for China to cause trouble when this RV happens
[millionday] brb with more they are happy to have the trade -- the day after chapter 7 was released they were on a plane sending in electronic industrial advancement devices
[Smokey Mtn. Dinar] But if the US Of A starts doing more of their own producing of goods, China will loose money, and they won't like that
[Dovi] millionday thanks for that about China...helps me
[millionday] the sanctions did not allow any country to fly anything in -- the US of A needs to pay some of the money back --- it will help the globe as a whole in all countries -- sdr
[All4HIM] millionday very true and we talking about making money and well money talks.
[Smokey Mtn. Dinar] millionday True
[Dovi] All4HIM I can hear it talking now!
[millionday] more trade is always good --- the economics of the globe will grow and that will help all
[millionday] ok we have nothing new left -- i will have a lot tonight --- news was stumped it looks like - i dont see the budget let me check one more place for the budget hold on one sec
[DBJJ] millionday Do you find it strange after all of the articles the last week about them meeting on the budget and coming to agreements "soon", that nothing has been mentioned the past three or four days
[jimplants] Ready for a 50 week holiday
[Puttright] millionday I'm late getting on this morning. Any news about the WTO tomorrow?
[hstrymknwmn] Jimplants me too!!! We have learned a lot about holidays from Iraq lol
[millionday] i dont have it but i know that it is going on tomorrow just not sure what --- they have three days of meetings
[millionday] note --- a lot of new security coming in and pictures show roads full of trucks and the police etc etc
[Smokey Mtn. Dinar] millionday that could be a VERY GOOD thing
[jimplants] Wto ledger says the 31
[millionday] right sorry -- the 30th through the 2nd i believe -- right -- and workshops too we saw in other reports Smokey Mtn. Dinar i agree brb
[Puttright] millionday Doesn'tmillionday the borders need to be closed and secure prior to RV?
[Dovi] interesting about the big load of security
[millionday] Puttright i would say that they will be by some of the reports we have read in the past
[All4HIM] Dovi they will prob have to secure the boarders due to the people wanting to come into the country once the RV is announced, maybe?
[Puttright] millionday lots of security....hmmmmm
[millionday] thats what i gathered from the reports -- part of smuggling
[DBJJ] Puttright Be careful not to read too much into this. Due to the recent slew of bombings, it may be to try to calm things down. IMHO.
[millionday] thanks Rudie -- great job hun we will have loads tonight - i want budget news but with the bis it looks good