Millionday News 11/29/14 Part 1
Welcome to dinarupdates.com for news time with Millionday!
Millionday: WE HAVE LOTS OF NEWS TONIGHT -- WHOOPOW
Millionday: FIRST AS WE KNOW THEY HAVE BEEN HAVING MANY ECONOMIC MEETINGS INTERNATIONALLY AND WE HAVE MANY REPORTS ON THAT ALONG WITH MUCH MORE -- SO HERE WE GO
Millionday: Twenty FATF for the Middle East and North Africa in order to combat money laundering and financing of terrorism, which was chaired by Iraq represented by the Governor of the Central Bank, Dr. Ali Mohsen Keywords to adopt Manama Declaration on ways to combat the financing of terrorism.
During the meeting, which concluded recently Bahrain Search six follow-up for each of Iraq, Algeria, Syria, Oman, Lebanon, Mauritania reports,
the progress achieved by Iraq and the rest of the countries in the development of anti-money laundering and terrorist financing systems in the light of the observations contained in the respective evaluation reports.
Millionday: NOTE -- THESE MEETINGS WERE VERY IMPORTANT OBVIOUSLY IN THE DEVELOPMENT TAKING PLACE IN THE REGION AND ALSO AS WE SEE THE DEVELOPMENT OF IRAQ-----
IT WAS CHAIRED BY THE GOV OF CBI AND ALSO ADDRESSED HUGE ISSUES THAT ARE OF GREAT CONCERN WITH THEIR ECONOMIC REFORM
Millionday: participated in the work of the general meeting a large number of anti-money laundering and terrorist financing by Member States experts (Jordan, UAE, Bahrain, Tunisia, Saudi Arabia, Sudan, Syria, Iraq, Oman, Qatar, Kuwait, Lebanon, Libya, Egypt, Morocco, Mauritania, Yemen),
along with representatives from the views of countries control (the State of Palestine, and the French Republic, the United Kingdom, and the United States, the World Bank, the International Monetary Fund, and the Cooperation Council for the Arab States of the Gulf, and the Financial Action Task Force (FATF), the Arab Monetary Fund, and the FATF Eurasian).
Millionday: NOTE -- WOW -- NOT MUCH LEFT OUT OF THAT LIST OF ATTENDEES
Millionday: and discussed during the public meeting sessions Many of the important topics addressed a number of issues related to the work group and its various activities, and been the subject of the most important decisions to adopt Manama Declaration on ways to combat the financing of terrorism
and the presidency of the group for the next year where it was decided to take over the Sultanate of Oman presidency of the Group for the year and holds the State of Qatar as vice president.
Millionday: NOTE -- THE MEETING MADE THE DECISION OF THE GROUP SULTANATE OF OMAN FOR THE ANNUAL PRESIDENCY AND THE STATE OF QATAR FOR THE ADOPTION OF THE MANAMA DECLARATION TO COMBAT THE FUNDING FOR TERRORISM---THIS WAS COMPLETED ACTION ---
Millionday: The meeting adopted procedures The second round of mutual evaluation process relating to the commitment of Member States, international standards on combating money laundering and the financing of terrorism and the proliferation of arms and schedule them states
Millionday: NOTE -- THEY ALSO SET A SCHEDULE FOR THE MEMBER STATES TO TAKE THEIR TURN IN MONITORING EVERYONE`S INTERNATIONAL COMPLIANCE ON COMBATING MONEY LAUNDERING, TERRORISM FUNDING, AND PROLIFERATION (LARGE MOVEMENT-RED FLAGS) OF ARMS
Millionday: and issued Manama, which stressed the need for the full and effective implementation of the FATF recommendations and resolutions of the Security Council of the United Nations related to combating the financing of terrorism declaration,
Following the Expert Meeting on Combating the Financing of Terrorism, which was attended by representatives from more than 30 countries as well as many international and regional organizations, participants emphasized their commitment to combat groups and terrorist activities in all its forms.
Millionday: NOTE -- ALL INVOLVED COMMITTED TO THEIR PART OF KEEPING ALL RECOMMENDATIONS OF UNSC
Millionday: It also ensures Declaration reaffirmed the commitment to further strengthen the system and the financing of international terrorism, the full and effective implementation of the recommendations set Financial Action Task Force
and the resolutions of the Security Council of the United Nations related to combat terrorist financing (TF), including the involvement of the private sector in combating the financing of terrorism efforts.
Millionday: SO THEY ALSO MADE COMMITTMENTS FOR FUNDING WITH THE ORGANIZATIONS AND MEMBER STATES TO ADVANCE THE SYSTEM TO FIGHT TERRORISM INTERNATIONALLY
Millionday: OK BRB WITH MORE
Millionday: WHOO HOOO LOVE ACTION AND LESS TALK
Millionday: THIS IS FROM THEIR MORNING TODAY
Millionday: Called on Iraqi Prime Minister Haider al-Abadi, said Saturday the Iraqi Central Bank to "exercise control over the transfer of funds abroad to prevent laundered", and as he emphasized that censorship "is very important to stop corruption, terrorism and organized crime, which relies on money laundering", pointed out that the control should be be "preventive" and not "intrusive".
Millionday: NOTE -- ABADI IS GIVING A SPEECH IN THIS REPORT AND IT IS ABOUT THEIR ORDERS FOR THE OPENING TO A MARKET ECONOMY DUE TO THE ACT OF TRANSFERING FUNDS ABROAD--
THIS IS TO PREVENT ANY MISTAKES AND ALL THE PRECAUTIONS TAKEN AND ORDERED-- (PREVENTIVE)
Millionday: Haidar al-Abadi, in a speech during the second Iraqi banking conference held today in the Babylon Hotel in central Baghdad, and attended (range Press), said that "the Iraqi Central Bank to exercise control over the transfer of funds abroad to prevent laundered,
" asserting that " control is very important not only because the world is requested, but is very important to stop corruption, terrorism and organized crime, which relies on money laundering.
Millionday: NOTE -- ALL THE INTERNATIONAL COMMUNITY IS WANTING THE MEASURES APPLIED FOR SUCCESS ON BOTH ENDS -- VERY SMART
Millionday: Abadi said that "the control should be preventive control and is not intrusive," stressing the need to "work on a real partnership between the private sector and the public sector over the next four years."
Millionday: NOTE -- THAT IS THE CLUE OF THE PLANNING FOR IRAQ -- THE NEXT FOUR YEARS -- IMO
Millionday: The Central Bank of Iraq (November 24, 2014), called, to "reconsider" the banks and the central bank laws and anti-money laundering, and attributed the cause to "address the problematic lack of challenge of the activity of banks and the World Bank in the management of the economy",
and pointed out that the zeros "will not Remove from the Iraqi currency now is the lack of an appropriate circumstance.
Millionday: NOTE -- I WILL TRANSLATE THAT THROUGH A BETTER ONE IN A SEC
Millionday: The CBI stressed, in (November 24, 2014), seeking to amend the banking laws to suit the current situation, and pointed out that the money laundering law highlighted laws that seek to modify it, while stressing that he go to play the developmental role of the Iraqi economy.
Millionday: NOTE -- THE INK HERE IS NOT A PLAIN AS I WOULD LIKE IT TO BE –
HE IS SAYING THAT HE WANTED ON THE 24TH OF NOVEMBER WITH THE CALL FOR THE BANKING LAWS TO BE APPLIED THAT THEY NEEDED FOR DEVELOPMENT OF THE IRAQI ECONOMY--
THEY NEEDED TO BE CHANGED NOW TO PROTECT THEM AS THE NEW ONES ARE DESIGNED TO PROTECT IRAQ WHEN THEIR MONEY STARTS MOVING WITH THE DEVELOPMENT FROM MONEY LAUNDERING
AND FRAUD AS THEY HAVE NOT BEEN MOVING MONEY FOR YEARS AND CERTAINLY HAVE NOT BEEN APPLYING REFORMS /DEVELOPMENT
Millionday: The Central Bank of Iraq was established independently as a bank under a law issued on the sixth of March 2004, an independent Kahyeh, which is responsible for maintaining price stability
and the implementation of monetary policy, including exchange rate policies are being daily buying and selling currencies sessions.
Millionday: SO THEY CAN APPLY THE EXCHANGE RATE PER THE CALCULATION OF THE TOP CURRENCIES AND ADJUST IT AS THEY NEED TO AS THE GLOBAL ECONOMICS IMPROVES ETC –
DEPENDING ON IF IT FLOATS OR IS A MANAGED FLOAT OR WHATEVER THEY DECIDE -- AS THIS HAS NOT BEEN RELEASED YET FOR THE MARKET OR THE PUBLIC
Bromeo67: so were they saying they initially wanted to do that on the 24th
Bromeo67: the rate change
Millionday: NO HE WAS SAYING THAT AN ORDER WAS GIVEN ON THE 24TH OF NOVEMBER TO CHANGE THE BANKING LAWS INTERNATIONALLY AND DOMESTIC -- FOR PRIVATE BANKS AND PUBLIC --
Millionday: SO THAT THEY WOULD PROTECT THE CURRENCY BETTER AGAINST FRAUD
Loopback: pointed out that the zeros "will not Remove from the Iraqi currency now is the lack of an appropriate circumstance. Can you please elaborate on this statement? Still do not understand.
Millionday: YES JUST ONE SEC -- BRB
Millionday: K -- THIS IS THAT SECTION THAT WAS CONFUSING EVERYONE WITH A BETTER TRANSLATOR
Millionday: The Iraqi central bank was called, in (November 24, 2014), to “review” in laws of the banks and the central bank and struggle laundry of the moneys, and the reason ascribed to “treatment paradoxes of deficiency challenges from activity of the banks and the bank in Economic Department”, and indicated until the zero “the Iraqi currency does not promote about now for lack the suitable circumstance”
Millionday: NOTE -- ABADI CALLED THE CBI AND ASKED FOR THEM TO GO OVER ALL THE BANKING LAWS EVEN THOUGH THEY CAN NOT BE CHANGED YET
DUE TO THE ZERO CURRENCY IS NOT CHANGED YET BECAUSE THE SUITABLE CIRCUMSTANCES IS WHEN THE ZERO CURRENCY IS REMOVED
Millionday: NOTE -- IT ALSO IS SAYING THAT THE WORK OF THE BANKS IS VERY LITTLE SO THEY COULD DO THIS NOW
rudie: so the currency has to change before the laws?
Millionday: THEY HAVE TO BE PREPARED SO AT THE SAME TIME
Millionday: I HAVE MORE TRANSLATION ON THIS THOUGH
Millionday: READ EVERY WORD OF THIS >>>>>. The Iraqi central bank was confirmed, in (November 24, 2014), striving his for modification of the banking acts in what suits and the current circumstance,
he pointed out that law washing of the produced laws moneys which her modification seeks for, while emphasizing that he play human fiddle firsts developmental for the Iraqi economy head for.
Millionday: NOTE -- IN OTHER WORDS -- THEY NEED THE LAWS READY FOR MONEY LAUNDERING AND THE PEOPLE READY BECAUSE THEY ARE HEADED FOR THE DEVELOPMENT OF THE IRAQI ECONOMY
Millionday: SO THAT IS A BETTER TRANSLATOR BUT EXPENSIVE BUT IN THIS CASE WORTH IT --- LOL -- WHOOOPOW I LIKE THAT MUCH BETTER
Millionday: NOTE -- THIS WILL BE ALL AT THE SAME TIME AS THE NEWS LAWS DONT APPLY TO THE OLD CURRENCY AND BANKING THE NEW LAWS APPLY TO THE NEW DEVLOPED ECONOMY OF IRAQ
awesomedtl: with what was being said that its not ready what makes next week better to implement the laws and implement the new rate?
Millionday: THIS WAS THE 24TH OF NOVEMBER THEY ARE REPORTING THAT THE ORDER TO GO OVER ALL THE LAWS FOR PREPARATION WAS MADE
Millionday: NO ONE SAID NEXT WEEK WAS WHEN IT WILL BE APPLIED BUT THEY WERE SAYING THAT THEY NEEDED THEM TO BE GONE OVER TO BE PREPARED
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