Millionday News 3/8/15 Part 1
Welcome to News time with Millionday on 3/8/15!
Millionday: al-Tamimi Tgb examine the Central Bank and the Institute for the progress of policy development and a number of economists central role in supporting economic reform and the future requirements of the current stage, while the Governor of the Central Bank stressed the need for plans and programs represent a financial reform requirements in the country
.Millionday: NOTE -- WHOOPOW
Millionday: NOTE -- WOW -- THIS IS THE ROLES OF ALL FOR THE ECONOMIC REFORM --
Millionday: NOTE -- THIS IS A SEMINAR THAT WE ALL WOULD LOVE TO BE A FLY ON THE WALL---
Millionday: NOTE -- THE DISTRIBUTION OF THE ROLES AND EVEN FOR THE FINANCIAL COURT IS THE MOST IMPORTANT MEETING --
Millionday: Governor of the Central Bank Ali Alak said (morning): The reform of the financial sector process need to plans and programs is measured by achievement of goals, also needs to be rational and administration implemented We must have the ability to do so.
He added that the tasks of the central bank's future and wide and we are working to develop a strategy central to the work continues for (5) years to come aims to achieve big goals transferred to levels commensurate with the ambition.
Millionday: NOTE -- SO THIS IS GOING TO DEVELOP THE FIVE YEAR PLAN ECONOMICALLY FOR IRAQ AS WELL -- -- THIS OF COURSE LETS US KNOW THAT THESE ARE PERMANENT CHANGES THEY ARE MAKING AND NOT JUST MORE TALK
Millionday: and pointed out that the strategy detailed address all the challenges within the time frames, including the amendments of certain laws and regulation of banking and Islamic banking, as well as deposit insurance and the law of instruments of Islamic law.
Keywords He noted that the central working on establishing institutions to guarantee deposits and small and medium enterprises, pointing out that the central ambition is moving to secure investment for major projects, is also working on the development of the debt market and tools, because there are no bonds of public debt, and this is an important tool in guiding the religion.
Millionday: NOTE -- AS WE CAN SEE -- ONCE AGAIN THE TIMELINES THAT THEY ARE UNDER COME UP AGAIN -- THIS IS TALKING ABOUT INSURING DEPOSITS FOR SMALL AND MEDIUM ENTERPRISES FOR STARTING ALL THE MAJOR PROJECTS --
Millionday: READ EVERY WORD>>>He said he suggested to be A unified account of all state institutions in order to accrue interest over the central bank, stressing the need to expand the adoption of electronic payment for its importance in controlling liquidity movement.
Among the importance of breaking the monopoly of government banks in dealings with state institutions and Aidaatha, indicating that the central works in cooperation with the economic and governmental Committee to reduce this monopoly and give private banks a chance in the big trade with the state institutions management.
Millionday: NOTE -- SO AS WE SEE HERE -- ELECTRONIC BANKING WILL BE USED/NEEDED AND ALSO NOTICE THEY ARE REFERRING TO THIS AS BIG TRADE –
THIS MY FRIENDS IS THE BEGINNING OF THE ECONOMIC PLAN THAT WE HAVE BEEN WAITING FOR --- HUGE CLUE TO SAY THE LEAST
Millionday: Keywords continued by saying that the central adopted a project of banks to assess and classify This is necessary to deal with these banks and paints a clear picture of the beneficiaries in the interaction with any of the banks.
Association of private banks in Iraq expressed gratitude to the Central Bank of Iraq in the new orientations aimed to support the banking sector and corporate banks that suffer an imbalance in the work program.
Millionday: NOTE -- SO AS WE CAN SEE THIS ALSO ADDS TO THE EMPLOYMENT THAT WILL COME FROM BANKING WITH THE HUGE PROJECTS BEING ACTIVATED --
Millionday: NOTE -- THE GDP WILL ALSO REFLECT THIS IS THE SERVICE INDUSTRY WITH BANKING
Millionday: A statement of the association for its chairman and Wadih Handal as saying that the central bank is working hard towards lifting guardianship for bank Warka and the economy and that the measures taken for this purpose in final stages,
pointing out that this is evidence of the extent of cooperation between the central and private banks, which is conducive to private banks to support and make it an important hub in the sustainable economic development process and reduce the burden on the Iraqi economy.
It pointed out that the calendar control by the central bank for private banks is a positive step in the process of these banks.
Millionday: NOTE -- THEY ARE ALSO WORKING ON THE RETURN OF THE WARKA BANK AND ACCORDING TO THIS ARE IN THE FINAL STAGES ---
THIS SHOWS THAT THERE IS COOPERATION WITH THE PRIVATE BANKS AND ALSO CBI --- PROGRESS AND CONFIDENCE IS WHAT WE ARE WITNESSING IN THIS -- AND THAT MY FRIENDS IS NOT A BAD THING
Millionday: concerned the honored banking Ali Tariq said that the cooperation between the central bank and banking civil health check of great economic feasibility of the country,
where the private banking sector needs to activate its role in the economic life and this requires communication with the Central Bank of Iraq to create a supportive environment for the role real banks in the process of economic development.
Millionday: SO THIS IS THE BEGINNING OF THE ECONOMIC DEVELOPMENT AND SHOWS US THAT THEY HAVE BECOME AWARE OF THE GREAT NEED FOR THEIR COMMUNICATION BETWEEN ONE ANOTHER
AND AS WE KNOW THIS IS FEASABLE WITH ALL OF THE ADVANCEMENTS WE HAVE READ SO MUCH ABOUT ---
Millionday: OBVIOUSLY THE HUGE REFORMS WE HAVE BEEN WAITING ON ARE NOW EASY TO SEE AND READY TO GO --- I AM VERY EXCITED --- WHOOOPOW
JR67: In an earlier report..."Begin remittances on Sunday".....do you have any ink on that process?
Millionday: I HAVE JUST BEGUN HUN -- THAT WAS THE FIRST REPORT
Millionday: Since years ago, and the process of the Iraqi currency switch going on, and each time showing some flaws, reflect negatively on the Transactions among people, by working to be tested when received from shoppers,
making the majority of shopkeepers do not accept the receipt of some denominations grounds that she forged, and this means that the preparation of these coins was not part of the international standards sober when you agree on is released, has nibble Many on the authorities concerned not good selection of graphics and images and colors on them.
Millionday: Is the process of currency right step in the province switch from fraud? And when it settles on the citizen in a global currency specifications sober?
Why do some people refuse to receive some coins due to his suspicion and mistrust of them, because they are printed in pale colors and leaves an irregular?
On this subject I talked ((Journal of Baghdad news)) with some citizens and shopkeepers and some specialists.
Millionday: NOTE -- THEY ARE REPORTING THAT THE SHOPKEEPERS LACK CONFIDENCE IN IRAQ OF THE CURRENCY DUE TO COUNTERFEITING -- WOW WELCOME TO THE REAL WORLD –
THERE ARE MANY COUNTRIES THAT HAVE THAT FEAR -- AS WE KNOW COUNTERFEITING HAS BEEN AN ISSUE FOR MANY YEARS IN MANY COUNTRIES --
Millionday: He said the citizen Mounir Mohamed Khaled (owner of a construction materials shop) more than once got switched to the Iraqi currency, and the problem that citizens suffered at a time when the switch, the emergence of some of the flaws in, and this shows that the preparation and the preparation of specifications process were not well thought out
and the level required and conducted in a manner Express, noting that there are random in how to choose the graphics, pictures and colors, I remember when identified categories of the new currency emerged and distributed in the market, people complained about the lack of paper with a class (500) dinars, Vdcht later.
Millionday: NOTE -- AS WE CAN SEE THEY ARE TALKING ABOUT THE CHANGE IN CURRENCY AND HOW IT WAS RECEIVED MANY YEARS AGO --
Millionday: While the citizen and Sam Muhammad Tariq (shop owner Banking) said I have heard over and over again that there is fraud in the Iraqi currency, especially in light of the existence of modern equipment that the expropriated Iraq without a sergeant,
and help to fraud by some competent gangs in this matter, which will, without doubt, to the damage of the Iraqi economy in general, so it is a precaution,
Millionday: NOTE -- THEY SEEM TO HAVE A CONFIDENCE PROBLEM WITH THEIR CURRENCY AND HAVE NOT BEEN ABLE TO ESTABLISH TRUST WITH THE CITIZENS FOR THE CURRENCY WITH ALL OF THE MEDIA REPORTS HAVE CERTAINLY HAD A HUGE IMPACT ON THIS
Millionday: caution and uproot those gangs to achieve their goals, sordid, should the Iraqi currency change quickly international standard specifications,
one can not be visited or affect them, including on the color user and paper Hariri and the new tagging and things impossible to manipulate them, in agreement with the developed countries in this regard.
Millionday: NOTE -- IRAQ WILL BE USING THE SECURITY THAT HAS BEEN INTERNATIONALLY DEVELOPED FOR AND BY OTHER COUNTRIES ON THEIR DINAR TO MINIMIZE OR MAYBE EVEN REMOVE THE LACK OF TRUST FOR THE DINAR BY THE CITIZENS
Millionday: She called citizenship Amal Abdel Salam Mehdi (Institute of Management and Economics) all Iraqis and the competent authorities to the national currency protection because it is the duty of every member of the people, not limited to the individual without the other,
so that the currency traded between all people and tampered with and writing them is destructive intentionally by some of them, as it should take currencies torn and damaged, circulation and get away from the reluctance by and returned to shoppers, until changed by the competent authorities and returned to the market a new look,
Millionday: NOTE -- OBVIOUSLY THE LAWS ARE BEING PUT IN TO PLACE SO THAT IT IS AGAINST THE LAW TO WRITE OR DEFACE THE LEGAL TENDER OF IRAQ -- VERY COMMON LAW THROUGHOUT THE GLOBE SO EXTREMELY NICE TO SEE
Millionday: this is the currency that was new or damaged, they are an official currency and not taken or handled incorrectly or no justification, nor shall refrain from taking them out of without the other,
whatever the reasons, as do many of the shopkeepers were Omnyatea to see the new currency to the health and well-being strongly purchasing large.
Millionday: NOTE -- SO THEY ARE DEMANDING THE ACCEPTANCE OF THE NEW BILLS IN THESE NEW REGULATIONS THEY ARE DISCUSSING -- GREAT TO SEE -- GREAT GREAT
Millionday: READ EVERYWORD>>>It became clear that the process of switching the currency and the deletion of zeros, media consumption and will not project completed for many years,
Preparations and preparations for this process began, but will not end, and it will take some years to come long, it is true that the completion of this project the improvement of payments
and to facilitate the circulation of currency, the fact that the process will raise the currency exchange and improve value in the domestic and global market,
Millionday: NOTE -- IT SAYS HERE THAT IT IS TRUE THAT THE COMPLETION OF SWITCHING THE CURRENCY AND THE REMOVAL OF THE THREE ZEROS WILL RAISE THE CURRENCY EXCHANGE
AND IMPROVE THE VALUE IN THE DOMESTIC AND GLOBAL MARKET --- WHOOOPOW
Millionday: READ THAT TWICE AND HOLD YOUR HAT ON
Millionday: WHOOOPOW MY FRIENDS
Millionday: and does not cause in any effects on the living standards of the individual, but the majority of people have feared him being could lead the country into the unknown,
not strengthen the Iraqi currency and give them a universal value, and lead replacement process to the many problems which the country may enter forged currency at the time,
who wants to citizen stabilize the market does not want the collapse of the Iraqi currency entirely, if the switch where the process of the country's economic benefit, this is wishful thinking citizen, but
Millionday: NOTE -- THIS IS THE BOTTOM LINE -- THEY HAVE PUT TO BED THE FEAR OF THE CITIZENS --- THE NEW POLICY WILL NOT HURT THE ECONOMIC POSITION OF THE IRAQIS -- WHICH IS THE BOTTOM LINE IN ANY COUNTRY
Millionday: must be associated with this step, the Iraqi stability of the economy and market operations through the activation of income-generating sectors, and encourage the private sector and make the country an attractive environment Investment.
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