Millionday Roundtable 6/26/15
Welcome to dinarupdates.com for Roundtable with Millionday!!
Millionday: Chaired by Minister of Planning and Salman al-Jumaili of the meeting of the first working group for the implementation of private sector development strategy in Iraq.
The minister expressed at the outset of the meeting expressed his happiness to embrace the Ministry of Planning for this important meeting, which was the development and implementation of private sector development strategy, stressing the need for a base incorrect information in order to enable us to reach to achieve the desired goals.
Millionday: THE FIRST GROUP OF THE PRIVATE SECTOR IMPLEMENTATION
Millionday: He noted that the Central Bureau of Statistics (NBS), which is one of the setups statistical prestigious in the field of statistics will be very helpful and put all of his experience and the potential for the implementation of this vital survey,
which represents the first and right step on the road to the adoption of private sector development strategy and enable it to fulfill its role of development required.
Millionday: He pointed out that the government program much focused on private sector development and the need to translate this interest into the actions of figures ..
pointing out that these figures reflect estimated positively on the implementation of this survey, which is one of the significant achievements carried out by the Ministry of Planning, or those that are being implemented.
He stressed Jumaili that the Ministry of Planning and all its departments and formations and cadres will be ripe for the success of this project because we believe that development without the presence of private sector development will not be correct
Millionday: NOTE -- THE GOV PROGRAM-- THE STRATEGIC FRAMEWORK -- AND THE REFORMS ARE FOCUSED--ON THE PRIVATE SECTOR --
Millionday: calling on the working group to make all of its potential for the success of this important project was discussed during the meeting data provided by the Central Bureau of Statistics relating to the industrial sector and the distribution of tasks and to clarify the important role of entities that represent and involve the private sector in the collection of data and give the Ministry of Planning and the desired role in raising community awareness level of the process and clarify the role of the private sector in the development process through the website of the Ministry and the media.
Millionday: NOTE -- THE DEVELOPMENT WITHOUT THE PRIVATE SECTOR WILL NOT WORK --
Millionday: FINALLY -- HELLO TO SOME LOGIC
Millionday: And it includes the first working group for the implementation of private sector development, Undersecretary of the Ministry of Planning and Technical Affairs and a representative of UNDP United Nations and the President of the Central Bureau of Statistics and representatives from the General Secretariat of the Council of Ministers and the advisers and the Ministry of Industry and Commerce and the Federation of Chambers of Commerce strategy.
Millionday: NOW THIS IS GOOD NEWS
Nadita: So the private sector is going as Iraq wants it to which leads to the development in Iraq which leads to investors coming in.
The question will be : is Iraq gonna talk only or action will accompany their talk..?
can they do all of these with their current rate of dinar as they have been able to run the country without budget and the rate of dinar at 1166.
What is the guarantee that they will raise the value of dinar if they are able to run the country with the rate the way it is now. I have seen developing countries talk about their development and how they want to grow their economy..
they will release some projects as to just satisfy what they promised and the follow up, usually is not there.. many of the projects are half done...
Millionday: THEY NEED TO BE ABLE TO WORK WITH INTERNET AND ADVANCE THEIR BUSINESS AND TECHNOLOGY --- THEY HAD A HUGE PROBLEM WITH PRICES
Millionday: THERE IS NO GUARANTEE NADITA
Millionday: I WILL NEVER GIVE YOU A GUARANTEE ON AN INVESTMENT -- IT IS ILLEGAL
Millionday: THE THING IS THAT HISTORY REPEATS ITSELF -- IRAQ HAD THIS RATE IMPOSED WITH SACTIONS
-- THEY HAVE ANNOUNCED MULTIPLE TIMES THAT THEY ARE REMOVING THE THREE ZEROS AND HAVE A MARKET --ISX –
THEY ARE HOOKED TO NASDAQ AND --THEY HAVE STATED MANY TIMES BY SALEH THAT THEY WILL BE THS STRONGEST IN THE REGION
Nadita: MD.. I know you don't guarantee anything.. and I am not asking you too.. I am just talking about Iraq in general. I know they have been talking about joining the global market,
and wants so much to be a world player which they can be and should be with all the resources they have. They can talk all they want, I want action there are so many pieces to the puzzle.
Millionday: THE PIECES OF THE PUZZLE STARTED WITH MANY --AND NOW THE FIRST MEETING TO ACTIVATE THE PRIVATE SECTOR AND
Millionday: THE THREE PRESIDENTS HAVE AGREED TO THE NATIONAL RECONCILIATION
Millionday: The Ministry of Transport announced Tuesday that the Iraqi ports received nine ships and naval tanker of different tonnage in Basra province, far south of the country.
According to a statement issued by the ministry , the commercial port of Umm Qasr south of Basra received the Hye Kyo ship with a tonnage of 73.088 tons of iron and two ships Salumi / 5 Jebel Ali / 3 ships with a variety of tonnage as well as Anbala _Sbaa_Basfek Green of containers tonnage.
Millionday: The statement added that the port of Khor Al-Zubair received three naval units in the commercial port of Khor Al-Zubair south of Basra and the Iraqi tanker Baghdad with a tonnage of gas oil and the ship Mariam from Panama .
The statement said that two ships were received in Maqel port in Basra and Nafees ship with a cargo of cement as well as Karwan ship with a cargo of containers.
Millionday: Anatolia announced Kuwait, the official mourning, on Saturday, for the souls of those killed in the bombing of a Shiite mosque, today, in the country.
This came on the tongue, Minister of State for Cabinet Affairs, Mohammed Abdullah Al-Sabah, in a press statement following the meeting
Millionday: BAD NEWS
Millionday: LOOKS LIKE THEY ARE CHANGING THE SAT
Millionday: The central bank also reduced the share of private banks dollar which demand for this currency has increased and thus led to the lifting of foreign currency, which is considered one of the most important currencies in the local market.
In North Bank, one of the private banks in Iraq stands dozens of customers in on Monday and Thursday of each week in long lines hoping to get the amount of dollar of their money deposited with the bank.
"My name is recorded and the amount you want to withdraw it from my account about a month ago and did not have any luck until today to get it from the bank," said Sarmad Mohammed a bank's clients.
Millionday: THIS WAS SENT BY ONE OF OUR MEMBERS -- AND WOW
Millionday: WORKING BANK SYSTEM IS GREAT NEWS
Millionday: He adds, "organizers of the bank told me that he is going through with the problem of what the central bank has reduced liquidity allocated to him from the dollar."
This reflected the impact of the crisis on the Iraqi citizen directly, particularly employees who earn salaries in Iraqi dinars, while the prices of goods and services is closely linked to a key US dollar, especially imported ones.
Says MP from the Iraqi parliament Kazem al-Shammari, "there is a serious market mafias burned and must take swift action from the board and the integrity of Supreme Audit to follow up on such cases was the cause of the deterioration of the local currency."
Millionday: NOTE -- BUILD THE DINAR -- DO NOT ALLOW IT TO DETERIORATE
Millionday: According to Shimri the "lack approached the Central Bank of Customs verification of imported goods whether or not the process and find out the tax shall be refunded to import those goods value to be the proceeds of the Central Bank opens the door dangerous of the doors of the withdrawal of foreign currency and traded in the market."
And asserts that "the mechanism centered on the go a trader wishing to import goods to private banks foreign currency to buy that offers banks bill of goods that are supposed to be purchased who shall National Bank in turn collects a number of bills and send them to the Central Bank to receive amounts."
Millionday: NOTE - THIS IS THE SYSTEM THEY HAVE DESCRIBED TO THE GLOBE THROUGH MEDIA
Millionday: Shammari said that "some bills bearing strange figures and some traders sends every day to pull the bill buy hard currency without follow-up of the central bank says, and we are convinced that these bills are forged."
In conjunction with the crisis, economists and activists launched a campaign on citizens site Facebook calling for the resignation of Governor of the Central Bank of Iraq and the Agency on the Keywords of the deterioration of the Iraqi dinar exchange rate against the US dollar.
"This game has borne Keywords which did not increase the central bank's policy in his only clay crisis worse," says one of the members of the little-known campaign.
Millionday: NOTE -- THE FALL OF THE DINAR IS NOT THE JOB OF THE CBI GOV
Millionday: THE RISE IS
Millionday: OBVIOUSLY BY THE CALL OF THE RESIGNATION DUE
Millionday: NOTE -- THIS IS WITH CRISIS CELL --ECONOMISTS--ACTIVISTS- AND CITIZEN
Millionday: He adds, "If it was necessary to the survival of high exchange rates have to pay the employees' salaries in dollars to keep them away from the effects of this deterioration."
Some observers do not rule out that the high exchange rate closely linked to what is happening in Iraq from the war against terrorism.
He says strategic analyst Samarrai said that "the ongoing war in Iraq has turned into a war of attrition and economic human and what happened from the decline in the value of the dinar is part of the effects of this war as well as corruption."
Millionday: NOTE -- TERRORISM AND WAR EXPENSE IS A HUGE FACTOR ---
Millionday: "Thread sensitive and must be brought under control quickly and this requires re-tighten and adjust the state to reduce travel expenses and a reduction of official delegations stressing and reducing petty upper circles and review all local government debt before discharge to make sure there is no corruption," adds al-Samarrai.
He says the issue should be dealt with to open offices to sell the dollar within the state banks and make a sale which exclusively in accordance with the specific controls and control elements of the allocation of economic security and intelligence services and other parties. "
Samarrai believes that "talk about the stories of banking offices and manipulation of turning a synonym for corruption projects require the government to stop selling or forcing it to sell a specified price and impose very strict security control directly on its commitment."
Millionday: HUGE REPORT BUT GREAT NEWS AND VERY INFORMATIVE
.VIP.JARHEAD: is alak an idiot or what
Millionday: HE HAS TO GO IMO
billionaire: Do you know what type of projects they plan on implementing in the private sector?
Millionday: GOLD JEWELRY -- -- OIL PRODUCTS -- MERGED FRANCHISES --- SO MANY -- ALL NEEDS AND WANTS
quicktolegit96: SO WHAT EXACTLY IS THE NEXT STEP GETTING ALAQ OUT, WHAT IS THIS GOING TO TAKE AND HOW LONG?
Millionday: A SWIPE OF THE PEN BY PRESIDENT
Millionday: WE WILL HAVE MORE LATER BUT I HAVE CHECKED ALL AND NOTHING MORE OUT RIGHT NOW EXCEPT WHAT WE BROUGHT