Millionday news 12/27/2014 Part 2
Millionday: NOTE -- THEY ARE PLANNING ON OPENING TO ALL COUNTRIES OF THE GLOBE FOR ALL THAT WISH TO OPERATE IN IRAQ AND HELP GAIN THEIR PRIVATE SECTORS POSITION
Millionday: He pointed to the importance of the private sector to be present in international forums such have direct contact the economy of Iraq, particularly the trade relations is of extreme importance in the provision of business and the needs of the Iraqi citizen requirements.
He said the government program to the Prime Minister real private sector carry a large role in the economic file management and who prefers to be present in all forums domestic and international economic and meetings to disclose the actual capabilities of the country in this aspect.
Millionday: THEY ARE SAYING THAT THE PRIVATE SECTOR SHOULD HAVE A HUGE PART IN THE MEETINGS AND THE CHANGES ECONOMICALLY WITH IRAQ AS THEY MAKE THESE MOVES TO THE GLOBE
Millionday: Al-Sabah stressed the Ministry of Planning on the need to diversify the sources of the country's economy and not rely only on oil, pointing to the granting of the investment sector an estimated area of 21 percent of the volume of public investment in Albuld.
ozkr official ministry spokesman Abdul Zahra al-Hindawi in a press statement, that «the problem serious faced by Iraq today because of the economy's dependence on oil only created a major disruption and led to reducing its expenses in the budget »
Millionday: NOTE -- THEY HAVE TO LET THE PRIVATE SECTOR GROW AND THE MARKET HIT INTERNATIONAL (ISX)
Millionday: NOTE -- EVERY COUNTRY HAS TO DIVERSIFY
Millionday: pointing to the need to diversify the sources of the country's economy and find other sources such as agriculture, industry, tourism and the private sector to the fact that these sectors are very important and must
Tnumeitha.ofatt that the agriculture sector was in the past contributes contribution a good source of income, the opposite of what it is today, as well as the tourism sector Alkhas.oadav the Five-Year Development Plan was awarded the investment sector an estimated area of 21 percent of the public investment in the country's size and gave the plan for two tourism and agricultural good space
Millionday: THEY ARE TALKING ABOUT THE PLANNED % OF THE GDP -- THEY HAVE INCLUDED INVESTMENT, TOURISM, and AGRICULTURE -- ABOUT 21%
Millionday: Center Brief for the Iraqi Media Network ( IMN ) - MP for the Kurdistan Alliance said, Shirin satisfaction, that the 2015 budget will be approved immediately after the second reading and will not hinder.
She's ( IMN ) that "the second reading of the draft budget for 2015 will be in the next session of the House of Representatives, which will not drag on more than one session,
a result of a consensus and determination between the political blocs on the approval, especially since the blocks are all in agreement on the project items."
Millionday: NOTE -- THE NEXT MEETING WILL BE THE APROVAL OF THE BUDGET ENTIRELY WITH NO MORE MEETINGS -- SECOND READING AND THEN VOTE SAME DAY
Millionday: The source, who preferred not to be named, told / BD /: "The day Monday, 22.12.2014 date the trial of former Central Bank Governor Sinan al-Shabibi for the acquittal of the charges against him by the previous government under the pretext of wasting public money."
He added: "The prime minister Haider al-Abadi waved the return of the conservative story office Kmhafeza the central bank in the event of an acquittal from the court, the fact is Shabibi figure of great economic mentality."
Millionday: She had announced the Integrity Committee in the House of Representatives of the previous session that sack Shabibi been through it, that the competent court of inquiry to consider the fairness issues negated the charges to the Governor of the Central Bank of the article Shabibi,
describing him out of office, "targeted personally" for failing to grant money to Prime Minister Nuri Maliki and his son Ahmed
Millionday: NOTE – SHOCKER
Millionday: where the investigation has shown that he does not court entered the central bank and former boss Shabibi process waste money mentioned by the investigative committee formed by the House of Representatives,
Millionday: SO ACCORDING TO THIS -- IF HE IS FOUND NOT GUILTY HE WILL RETURN -- WE SHALL SEE
Millionday: Confirmed to the Committee on Energy and Oil parliamentary member Ugaili Aziz, said Tuesday that "raise zeros from the Iraqi dinar will not affect the low oil prices, the fact that specific prices in US dollars.
Ugaili said in a statement to the press, seen it (Iraq) that "the value of the Iraqi oil prices are in dollars, but the lifting of the zeroes will lead to an increase in commodity prices in the country.
Ugaili ruled that "the lifting of the zeroes from the Iraqi currency will be in the coming period specifically in the next year in 2015.
Millionday: NOTE -- THE LOW REVENUES FROM THE OIL HAS NOT STOPPED THE ADVANCEMENTS OF THEIR ECONOMY
Millionday: He criticized a number of experts and specialists in the financial and economic affairs, the central bank's policy of issuing new editions of major categories of the coin,
while warning of this procedure being will increase inflation, causing a state of economic confusion and stagflation in Mahlah.ocdoa market, according to news agency dinars on importance of moving
and speed up the implementation of the project to delete three zeros from the currency and not to resort to prosthetic solutions issuing new editions,
the fact that this project will overhaul the currency and increases the strength and improves performance both locally and regionally.
Millionday: NOTE -- THE INCREASE OF STRENGTH AND IMPROVING PERFORMANCE IS OK WITH US
Millionday: He added that "this project will serve the country in many ways, including, to create a balance in the inflation rates, and facilitate the preparation of the annual budget process for the State, ministries or provinces,
and reduce errors in the big financial accounts, as well as he would the Iraqi dinar to the regional and global stature."
He pointed to: that "the central bank when a promising project to delete the three zeroes from the currency His goal was to reduce the large masses of cash and create a balance in the market rates of inflation,
it can not issue new editions of major categories, because it is considered prosthesis solutions are irrelevant to the country, but it would hurt the economy terms of increasing stagflation in the market.
Millionday: NOTE -- OBVIOUSLY A BETTER MOVE IS TO GO GLOBAL AND INCREASE THE MARKET -- THAT DOESNT TAKE A ROCKET SCIENTIST SO -- GOOD IDEA
Millionday: NOTE -- AGAIN TO GO WITH THE REGIONAL BUDGETS – WHOOPOW
Millionday: While economist Dergham Mohammed Ali, pointed out: "The subject of restructuring the currency would be useless without the implementation of the project to delete the three zeroes from the currency for the purposes of legal, administrative and regulatory at the same time."
He explained Muhammad Ali in an interview that "the issuance of currency with a large class safety specifications for high discharge the need for the project to delete the zeros of the budget,
which will be transferred Alterellnah box to box Alumblyaria, which are commensurate with the budgets of neighboring countries and reduce the differences between the dinar and the regional currencies, including re-consideration mathematically and value judgment of the Iraqi dinar. "
Millionday: NOTE -- THE CALCULATION OF THE ACTUAL VALUE OF THE DINAR AND THE REMOVAL OF THE THREE ZEROS OF THE BUDGET -- LOVE IT LOVE IT
Millionday: He said: "The two replacement version of the new categories is a partial and incomplete restructuring of the coin and not meet all the Iraqi market needs,
but the urgent need to implement the deletion of zeros, the fact that the Iraqi dinar exchange rate is witnessing relatively stable, what makes the ground, paving the issuance of new categories."
He added: "The Delete three zeros from the currency has become a mature process and appropriate climate to her,
calling on the central bank to "speed up the implementation of the project to delete the zeros and not to issue large categories editions because it would hurt the market."
Millionday: NOTE -- IT IS AN APPROPRIATE CLIMATE
Millionday: The decision of the Commission of Economy in the previous parliamentary session, former deputy Mahma Khalil, see "reason not to implement the project to delete the zeros by the Central Bank that the previous government stood against Tnfiel decision of this project on the grounds of fear of currency counterfeiting," calling it "is not justified."
especially that the regional climate is ripe after Iraq out of Chapter VII and raced global investment companies to invest in Iraq, as well as the stability of the dinar exchange rate.
Millionday: NOTE -- IT DOESNT MAKE ANY SENSE TO USE THAT EXCUSE WITH ALL COUNTRIES AT RISK OF COURSE
Millionday: YES WE KNOW THAT TURKI WAS GOING TO REPLACE THE LARGE UNTIL THE PROCESS BEGAN SO IT IS A PAGE LONG OF THAT HISTORY AND WE DONT NEED IT