Millionday News 8/31/14 Part 1 With BGG & Poppy3
Welcome to dinarupdates.com for news time with Millionday!
millionday] YOU WONT BELIEVE WHAT I HAVE FOR NEWS TONGIHT
[millionday] YOU WONT BELIEVE IT - THE WHOOOPOW IS FIRST
[millionday] Hussein Tgb discussed a number of economists and money men and acts in a panel discussion hosted by the Association of private banks in Iraq in the first of the new business management ways of promoting economic reality through reforms to be achieved at this stage.
[millionday] NOTE --- ECONOMIC REALITY IS WHAT WE ARE WAITING FOR AND THIS IS A HUGE MEETING I AM GOING TO SHOW YOU
[BGG] "at this stage..."
[millionday] NOT NEXT --- THIS !!!
[millionday] characterized by the presence of a high-level symposium by Parliament and executive bodies, businessmen and representatives of organizations relevant economic Among the attendees MP Mehdi Alha rude and deputy secretary general of Mjas Minister for Finance and Director General of the Central Bank and an adviser in the National Investment Commission and the heads of the boards of directors and managers of Delegates for private banks.
[millionday] NOTE --- AND WHO WOULD BE LEFT TO ATTEND ? THAT IS ONE BIG LIST
[millionday] focused discussions on several matters pertaining to the national economy and ways to promotion and alleviate the challenges that hinder its growth,
and emphasis was placed on the importance of paying attention to the banking sector as the backbone of the economy.
millionday] NOTE -- MANY DISCUSSIONS BUT THEY DO NEED TO PROMOTE THE ECONOMY
[millionday] TO MORE THAN US LOL
[millionday] Showing at the beginning of the seminar MP d. Mehdi al-Hafez and his paper tagged (to develop the economy first), which sparked controversy in this regard and propose the best solutions to achieve economic reform is required,
has described the course of development in Iraq as a path tripped Awartdada stressing that he can not be for Iraq to apply properly unless address development constraints and the imbalance in economic construction .
[millionday] NOTE -- ECONOMIC REFORM IS REQUIRED-- AND THE PATH TO GET THAT DONE WAS ON THE PAPER THAT THEY ARE DISCUSSING --- THE LAYOUT OF IT
[millionday] went on to say: that oil is my main producing still dominant on the sources of funding in the country, and still the public sector huge but provides little fruit economically viable in this difficult circumstance, returned oil and the public sector two essential characteristics of the economic situation,
stressing that the tasks of economic reform requires reducing the dominance oil revenues and the adoption of the policy of diversification and the development of other productive sectors.
[millionday] NOTE -- THEY ARE SAYING THE MARKET HAS TO OPEN FOR IRAQ -- THEY NO LONGER CAN STAY CONTAINED
[millionday] drew Hafiz that other important is the development of the private sector and the middle class in Iraq on the grounds that the market economy relies mainly on making the private sector commander leading role in economic life, as well as the development of the middle class of businessmen and bankers The producers considered the fourth category in sustainable development.
[millionday] NOTE -- THEY ARE STATING THAT THE RELIANCE OF ALL PEOPLE IS A MARKET ECONOMY -- SUPPLY AND DEMAND AND GLOBAL
[millionday] NOTE -- REMEMBER THIS IS THE ECONOMISTS
millionday] GET READY TO SMILE AND READ EVERY WORD
[millionday] then touched on the financial situation and cash in Iraq, citing the report of the World Bank, which pointed to the weakness of the banking sector and the promise side the most prominent in the Iraqi economy, ‘
pointing to the dominance of government banking sector on deposits of State and including approximately 90 percent,
He stressed the need to remove the imbalance in the work of the banking sector and the cash through the restructuring of the banking sector and give special attention to the development of the private banks.
millionday] NOTE -- THE PRIVATE BANKS HAVE TO BE WATCHED OVER SO A BALANCE IS CERTAIN
[millionday] NOTE -- GREAT PART COMING UP -- SMILE
millionday] part ft Managing Director of the Bank of the UNESCO International Adnan Chalabi, a detailed explanation of the stages of preparation of the program of the new Association and included the establishment of conferences and seminars aimed at strengthening ties in rural economic and parliamentary and government, expressed his gratitude to these broad participation and actors.
[millionday] NOTE --- THE LAYOUT OF EVERYONES POSITION FOR SUCH A HUGE UNDERTAKING
[millionday] complain of private banks in Iraq from decisions prevent the state departments of deposit amounts where and what hinders investment and submission of banking products and services are different.
has triggered this diagnosis on imbalance banking debates the many by the departments of banks and a number of Economists led to the recommendations of the need to reconsider all the measures that hamper the role of the Iraqi Central Bank in addressing this problem with the Ministry of Finance and government departments.
millionday] NOTE -- HOUSEWORK WITH CBI WITH THE CHANGES FOR GOV DEPARTMENTS ECT
[millionday] NOTE -- REMEMBER THIS IS ALL ABOUT REALITY ECONOMICALLY FOR IRAQ
[millionday] then the Director General of the Department of credit at the central bank and Walid Idi detailed explanation about the reality of private banks in Iraq and the actions taken by the central collaboration with Aalrabotth that led to the stabilization of the exchange rate and lower inflation rates.
[millionday] NOTE -- THIS IS SAYING THAT THE COUNTRY CAN BE SUCCESSFUL IN HOLDING A RATE AND INFLATION AS A WORKING ENTITY
[millionday] THIS IS WHY I CALLED YOU IN HERE
[millionday] while co-secretary general of the Union of Arab Banks and Sam Fattouh, based in Beirut in an intervention through (Alskaaba) the price of the high activity the first of the Association and with the participation of parliamentary and high-level government
which reflect the extent of interest in the banking sector and hopeful at the beginning of a new phase where the banks own role in the construction and development so as to enhance the march of Arab Banks in their desire to invest in Iraq
Marja on the activities undertaken by the Union hoping broad participation in conferences in New York and Washington next.
millionday] For his part, praised the president of the Association of private banks in Iraq to participate actively and care for the first activity of the Association by Dr. MP. Mehdi al-Hafez and with the participation of senior government officials,
promised to support the assistant to revolutionize important economic activity that relate to the reality of financial and banking sector and ways to promote it.
[millionday] WHOOOPOW --- THE WAYS TO PROMOTE THE ECONOMIC REALITY ? DID I READ THAT RIGHT BGG? SMILE
millionday] HERE WE GO WITH THE LAST COMMENT ON THIS SEMINAR -- AND REMEMBER THIS IS WHAT IS BEING REPORTED IN INK
[millionday] gave Handal thanked him on behalf of private banks in Iraq, the secretary general of the Union of Arab Banks via Skype hoping to develop banking relationships with Arab and take advantage of the Arab expertise to develop the banking reality in Iraq.
Among the most prominent were the interventions of the Deputy Secretary General of the Council of Ministers d. Majid picture and Vice President Economists Association on behalf of Antoine and Chancellor Abdul al-Bandar, and many of the participants.
seminar concluded with recommendations on ways to achieve banking reform and support for private banks to enable them to contribute to the actual programs in construction and development, and the equivalent of its size and importance in the Iraqi market.
[edreth1] millionday you read that so so so right
[millionday] SMILE -- SO THEY ARE MOVING FORWARD OR THEY WOULD NOT BE ON SKYPE BEGGING FOR HELP TO ARRIVE TO MAKE SURE IT ALL GOES PERFECT
[millionday] LET ME SAY ONE MORE THING
[BGG] That was what I was trying to type...
[BGG] So wait...
millionday] BGG GO
[BGG] this "seminar (aka - meeting)" took place on Skype - just now??
BGG] whatever this meeting was really about was obviously so urgent they couldn't wait to meet in person. They had to meet on Skype.
[millionday] AFTER THE MEETING THEY MADE CONTACT WITH ARAB BANKING OFFICIALS OR HEADS VIA SKYPE TO HELP
[millionday] I AGREE
[millionday] THEY HAD THEIR OFFICIALS PRESENT IT APPEARS AND OTHERS ON SKYPE
[BGG] this is very interesting...
[millionday] POPPY -- CHATTTELS -- WHAT DO YOU THINK ?
[millionday] HOLD ON EVERYONE FOR A SEC
[millionday] LETS HEAR POPPY AND CHATTELS ON THIS TOO
[BGG] on Skype "...to develop the banking reality in Iraq." sounds very interesting... IMHO
poppy3] AWESOME NEWS FOR SURE I CANT TYPE TO GOOD I AM PLEASED WITH THEY ARE PLANNING OUR FUTURE AND GETTING MUCH NEEDED PLANS IN PLACE WE WILL BE RICH VERY SOOOOON. POPPY3
[millionday] I SAY THIS IS HUGE -- THESE PLAYERS TO GET TOGETHER AT THIS TIME TO DEVELOP THE ECONOMIC REFORMS AND REALITY OF IRAQ AND IT HAS TO ALSO BE PROMOTED IS WHAT WE WOULD LOVE TO SEE
[millionday] poppy3 THANK YOU POPPY -- WE DONT WANT YOU WORN OUT BUT GLAD YOU COULD BE HERE
[millionday] THE THING IS THE OPENING OF THE FREE MARKET ECONOMY WOULD ALSO REQUIRE CHANGES IN PRICING --
[millionday] WOULDNT IT BE GREAT IF I HAD SOMETHING ON THAT ? SMILE
[poppy3] I APPRECIATE YOU AND THE NEWS
[millionday] AND THANK YOU RIGHT BACK MY FRIEND --
[BGG] This type of news coupled with the recent variance in the currency auctions may be HUGE...
[millionday] I AGREE
millionday] SO WE HAVE THIS HUGE PIECE ON THIS MEETING AND THE MOVE IN THIS TIME OF THE REALITY OF ECONOMIC IRAQ ---
[millionday] WE HAVE READ IT REFERRED TO NEW IRAQ -- THE EVENT -- ECT
[millionday] BUT IF WHAT THEY ARE DOING IS TO MOVE INTO NEW YORK ECT AND THE BANKING REFORMS ARE AS THEY SAY MOVED ON NOW -- THEN THAT WOULD BE THE PRICE OF THE DINAR
[millionday] CBI REGULATIONS HAS STATED THAT DINAR IS THIER NATIONAL CURRENCY
[TxBrand] can you expound on this ---> 7:34 pm millionday: but if what they are doing is to move into new york ect and the banking reforms are as they say moved on now -- then that would be the price of the dinar
[millionday] TxBrand >>>>>Association and with the participation of parliamentary and high-level government which reflect the extent of interest in the banking sector and hopeful at the beginning of a new phase where the banks own role in the construction and development so as to enhance the march of Arab Banks in their desire to invest in Iraq Marja on the activities undertaken by the Union hoping broad participation in conferences in New York and Washington next.
millionday] WE HAVE PARL--HIGH GOV OFFICIALS--THE NEW PHASE OF THE MARCH OF THE ARAB BANKING FOR THE BEGINNNING OF THIS NEW PHASE ---
THE ARAB BANKS DESIRE TO TAKE THEIR UNION INTO NEW YORK AND WASHINGTON ------ NEXT
[millionday] NEXT -- THAT WOULD BE BANKING AND ALSO THEIR MARKET DEVELOPMENT
[kenster] Who's marching?
[swan2013] Have you ever seen anything like this and it seems to be huge in INK before today?
millionday] NOT WITH ALL THESE PLAYERS AND SUCH A LINE UP OF COMPLETION --- WE HAVE ALL THE OTHER THINGS THAT HAVE OCCURRED IN THE LAST THREE WEEKS
millionday] kenster THE ARAB BANKS TO TAKE PART IN WHAT IS OCCURRING IN IRAQ
[counselor.stratton] Would they wait on the new goi to be announced and sworn in or just go for it and RV now?
[millionday] GREAT QUESTION --- ABADI HAS STATED THAT HE WILL BE ANNOUNCING THE GOV BEFORE THE TIMELINE OF THE 9TH OF SEPT IN THE PRESS
[jarhead] What about the HCL? Doesn't it need to be passed?
[Isaac10] I think they know who the goi is so why not do it
[millionday] YES AND THEY HAVE IT IN PARL -- WITH THE ARTICLE 140 BUDGET AND HCL AND FEDERATION COUNCI; ACCORDING TO THE INK
millionday] NOW TURKI FROM CBI SAID IN PRESS THAT HE WOULD MOVE FORWARD WITHOUT BUDGET BUT HAS MADE IT CLEAR ABOUT HOW HE FEELS ABOUT THE GOV IMO
[jtank] are they meeting tuesday for the forming of gov-voting in
[millionday] THEY HAVE STATED THEIR SCHEDULED MEETING IN TUESDAY
[millionday] awesomedtl I KNOW I DONT WANT TO RIDE A ROLLER COASTER BUT THIS IS A HUGE HUGE MEETING –
IT IS FOR THE RELEASE OF THE REALITY OF IRAQ`S ECONOMY AND THEY ARE SAYING IT IS THIS PHASE SO OF COURSE WE HAVE TO WATCH THE ACTION BUT WITH ALL ELSE WE HAVE SEEN ----
HUGE CHANGE HAS OCCURRED
[Craveman] We've learned CBI says w/or w/out budget but seems now we must have 2014 budget.. where does that stand today?
millionday: IP Address 220.127.116.11
[millionday] ACCORDING TO INK -- PARLIAMENT HAS IT AND IS GOING TO VOTE ON IT FOR THE END OF THE YEAR AND
[millionday] THEY WERE HAVING AN ISSUE WITH WHAT THE MINISTERS WANTED TO OPERATE THEIR MINISTRY –
BUT HAVE BEEN ASKED FOR THE GOOD OF THE PEOPLE TO SEND WHAT THEY HAVE THROUGH AND MAKE CHANGES IN 2015 BUDGET SO THEY CAN HELP THE CITIZENS NOW
[katkat] It would seem reasonable to have a currency to work with prior to seating ministers and begin work of the people? What do you think?
[millionday] katkat I HAVE A REPORT ON THAT COMING UP -- IT IS A PROBLEM TO ADJUST AND ONE THING IS IN IRAQ THEY ACTUALLY USE THEIR EDUCATED PROFESSORS ECT
SO I EXPECT THAT IS WHAT THEY WILL DO BUT WE ARE GOING TO SEE IT NOW ON THE PRICING CHANGES
[millionday] HERE WE GO -- I LOVE THIS STATEMENT >>>> Farah pumice with developments and challenges faced by Iraq economically it became necessary to change the policy of spending within the budget to conform with plans prepared in advance.
millionday] WHOOOPOW BRB WITH THE REST
[millionday] thus stresses Academy on the need to develop a strategic overview of a country develop trends and goals Tbngaha government policies Other monetary, financial and trading. dean of the College of Management and Economics at the University of Mustansiriya d.