Millionday News 2/15/15 Part 2
Welcome to dinarupdates.com for news time with Millionday!
Millionday: NOTE -- EXCELLENT -- THIS IS FOR BUSINESS INVESTMENT GOALS AS WELL - WONDERFUL NEWS TO SAY THE LEAST -- WE ARE SEEING ALOT OF VERY IMPORTANT PROGRESS TONIGHT
Millionday: These documents are being checked with the terms of relying solely by the correspondent bank and the local process (Light dependence on importing country).
The banks, as it is known is not commercial enterprises but financial , are not considered a party to the commercial contract between the ends (buyer and seller).
For this, they scrutinize the documents in virtual and ascertain compliance with accreditation Alosalih.otaatm audit and payment terms based on the compatibility of documents with the terms of credit and the virtual health.
Millionday: NOTE -- ACCOUNTABILITY
Millionday: Officer forged document or not false. May not be a question bank for it may not be the bank accountable for fraudulent documents!
Let's read together some international texts on the subject (Documents Health): Paragraph (16 b) of the international norms own appropriations Almtendeh says, and the fact that banks are dealing with documents, not goods ...
Due When the subject of the importance to preserve the rights of importers ... to another Fiqrh..thm read together Article 13 of the conventions, which says: banks scrutiny of documents provided to ensure that they are identical in the face of the terms of credit during the period of the ...... The last paragraph)
.onebena on this that the bank is Officer for imported goods being identical with what was agreed upon between the parties to the contract, in the case of the emergence of any difference can not be attributed to the importer to his bank, but that it is suing the owner ..
Millionday: NOTE -- THEY ARE SAYING THAT THE PRODUCTS THEY HAVE TO SHOW FOR ALL REVENUES ARE DOCUMENTS IN BANKING –
SO THEY HAVE TO HAVE LETTERS OF CREDIT TO ACCOUNT FOR AUDITING WITHIN THE BANK FROM THE BOTTOM UP ---
THIS IS THE STEPS THAT ARE TAKEN TO RELEAVE FRUADULENT ACCOUNTING WITHIN BANKING ETC
Millionday: Source. CBI measures in this regard indicate the nature of the documentary credit ignorance! This strange position of the highest in the central banking authority Albuld.alpennek Iraqi banks accountable (light credits) If it appears that some forged documents !!
This action is in line with the prevailing official ideology and private, including known (Health breasts) !!
But quite an international special instructions depending Almstende.vhl became the duty of the bank in line with central bank thinking, Is it became his duty to send to the source book asking him healthy issuance of its documents? Does this make sense?
Millionday: NOTE -- ALL BANKS HAVE TO BE COMPLIANT AT ALL TIMES
Millionday: NOTE -- IN OTHER WORDS THE PAST CAN NOT RETURN
Millionday: Of course ..la.ommarsat Central Bank in this regard from downloading the responsibility of banks documents not based on legal or banking base Abda.ola need the central bank to expose Msoala banks to embarrassing situations caused harms the reputation of the bank and the responsibility to some extent Soa.sahh documents from duty source only, without the bank's health.
It can not be assuming bad faith when the bank and only the erosion the banking system, which is the backbone of the economic life of the country.
• consultant in North Bank
Millionday: NOTE -- THE BANKS MUST BE COMPLIANT AND ALSO SHOW ACCOUNTABILITY TO REGAIN THE CONFIDENCE THE COUNTRY`S ECONOMY NEEDS THROUGH ITS BANKING RETURNING TO NOT ONLY THE MARKET BUT TO TRADE AS WELL --
Papatom: so the banks are getting a letter of credit from the CBI that they give to other institutions to assure the other institutions that contracts involving them are good for the money? is that a correct simple breakdown?
Millionday: THATS RIGHT -- IT SHOWS THAT THEY ARE BACKING THE BANKS AND THEY ARE ALL (FOR LACK OF BETTER TERM) A TEAM FOR THE COUNTRY
awesomedtl: DO U THINK THE USA NEEDS TO BE BASIL COMPLIANT PRIOR TO US SEEING THE REVALUE?? ALONG WITH THE REST OF THE COUNTRIES THAT NEED BE COMPLIANT?? TY
Millionday: THE BASEL COMPLIANCE THAT THE BANKS MUST BE ARE DETERMINED BY WHAT THE USE OF THAT BANK IS –
FOR INSTANCE THE COMPLIANCE IS DIFFERENT FOR A PRIVATE HOMETOWN BANK THEN IT IS FOR AN INTERNATIONAL INVESTMENT BANK –
SO THE BASEL COMPLIANCE MAY ONLY REQUIRE BASEL 3 OR 2 AND NOT 4 ETC ---
love it 2: When you say ..... THATS RIGHT -- IT SHOWS THAT THEY ARE BACKING THE BANKS .... how do they back banks with no currency? Pay with dinar?
Millionday: THEY HAVE CURRENCY AND ARE STATING THAT THEY ARE ISSUING LETTERS OF CREDIT TO THE BANKS –
THIS ESTABLISHES CONFIDENCE FOR THE INTERNATIONAL INVESTORS ALONG WITH ALL OTHER STEPS WE HAVE BEEN SEEING -- WHOOPOW
Millionday: WHOOPOW LOOK AT THIS
Millionday: Abed Rabbo preparing the Ministry of Science and Technology to launch a new satellite "Babylon" at a cost of between 40 to 50 million dollars in cooperation with some Italian companies
Almokhtsh.oukal Minister Engineer Knight Joseph Jajo told the "morning": that the ministry is working with the present on launch a new satellite "Babylon" in collaboration with some of the competent Italian companies.
He said the satellite is used for scientific purposes, agricultural and natural and responds to the needs of ministries and scientific bodies, according to precision equipment and cameras that will focus its as monitoring oil pipelines and borders,
in addition to the detection of ground water under the earth and other important and accurate information that you want the official bodies to get them.
Millionday: NOTE -- THEY ARE LACING THE IRAQI SATELLITE
Millionday: He Jajo Minister of Science and Technology said the ministry is working to create a competent human staffs that will go the moon, noting that it will be the largest and the largest of the satellite Tigris, which recently fired.
It is said that the ministry has launched during the past year the moon The first "Tigris" industrial north of the Russian Federation for the purpose of making use of it in scientific experiments and capture live images to undertake research, as it revolves around Iraq during the day from 5 to 7 times.
Millionday: SO THIS IS OBVIOUSLY HUGE IN TECHNICAL ADVANCEMENTS -- THE NEW IRAQ IS HEADED FOR HUGE PROGRESS -- LOVE IT
JR67: Do you have ink on the HCL/140?
Millionday: NOT IN THAT REPORT BUT I AM NOT DONE –
HAVE TO BRING PARLIAMENT NEWS YET AND ANY OTHER TRADE AND ECONOMIC I HAVE IN PLACE –
HOPE TO HAVE SOME WORK DONE TODAY BY THEM --
Papatom: Md, we read in newstime almost a year ago...all the technology and upgrades that Babylon is getting... and here is the big one of satellites...named Babylon.... we may be seeing prophecy come to maturity....yes???
Millionday: I HAVE NOTICED HUGE PARALLELS IN THE ACCOMPLISHMENTS IN AND FOR BABYLON ---
MANY HAVE BEEN FOLLOWING JUST WHAT IS GOING ON IN BABYLON ENTIRELY IN HOPES THAT WILL SHOW THEM THE TIMELINE IN ITSELF –
I SEE WHAT YOU ARE SAYING MY FRIEND -- CERTAINLY VERY INTERESTING
Millionday: NOTE - REGULATIONS FROM CBI -- SMILE
Millionday: Iraqi Central Bank to monitor student movement of the dollar and put controls on foreign exchange companies and check receipts and money transfer.
He called on the Iraqi government not interfering with the central bank, adding that the main causes of decline of the dinar is the use of the dollar import process, so
Millionday: NOTE -- MONEY TRANSFER COMPANIES HAVE BEEN GIVEN THEIR FORMAL REGULATIONS
Millionday: the need for it is greater than the Iraqi dinar, therefore, the money supply of the dollar is strong, stressing that Iraqis are forced to use the dollar foreign transactions, so a large demand on the dollar compared to JD.
The source added that the Iraqi economy is not affected by a decline or rise in the dollar only, but there is a security situation and financial and administrative corruption, pointing out that the rise in the dollar exchange rate against the dinar affect the processes of buying and selling and import.
Millionday: SO THIS IS TO STOP OR AT LEAST TRY TO GAIN CONTROL OF THE BLACK MARKET OF THE DOLLAR –
THE MOST EXCITING PART IS THAT THE IRAQI ECONOMY IS NOT BEING IMPACTED BY THE CHANGE IN THE US DOLLAR --
Millionday: HERE WE GO WITH PARLIAMENT AND HUGE NEWS -- WHOOPOW
Millionday: affirmed the decision of Parliament Niazi architecture Ihsanoglu, said on Sunday that the parliament session will witness a surprise, noting that all the political blocs will attend the meeting.
Ihsanoglu said in an interview / Baghdadi News / "The parliament session tomorrow will be a natural, and experiencing a large number of sudden presence of Representatives," noting that "the talk about the non-attendance of the political blocs just talk to media."
Millionday: NOTE -- HUGE VERY IMPORTANT PARLIAMENT MEETING THAT ALL WILL ATTEND
Millionday: NOTE -- HERE COMES HUGE AGENDA
Millionday: NOTE -- THIS IS A SUPRISE MEETING -- SMILE
Millionday: He added that "all the political blocs will attend the meeting," adding that "the agenda of the meeting will include a discussion of the security and defense committee report on its business, and general invitation to discuss hosting Sada, Minister of Defense and Minister of Interior,
as well as the first reading of the draft ratification of the Republic of Iraq to amend the Unified Agreement for the Investment Rules Arab capital in Arab countries for the year 1980 and
Millionday: NOTE -- THE DECISIONS AND REPORTS IN THE MEDIA WILL BE RELEASED ABOUT THE ENTIRE SECURITY FOR ALL PROVINCES FOR COMPLETE PROTECTION
Millionday: the Law on the National Water Council and the Ministry of Transport Amendment Act and the Code of border crossings body and anti-terrorism law and the law of force of Iraqi law on private security companies and the law of private security companies. "
It is noteworthy that the National Forces Alliance and the national list were hung from attending the session of parliament on the background of the assassination of Sheikh Qassim al-Janabi and kidnapping Swidan MP Zaid al-Janabi.
Millionday: SO ALL SECURITY IS GOING TO BE APPLIED FOR THE ENTIRE NATION TO SECURE THE EXPANSION OF ALL BUSINESS
AND ALSO ENSURE THE ABILITY OF INVESTORS TO MOVE FREELY AND SAFELY THROUGOUT THE COUNTRY WITH PROTECTION FROM TERRORISTIC PLANS PAYING OFF ---
THIS WILL BE MAPPED AND ALSO RELEASED FOR ALL CITIZENS TO SEE
Millionday: HUGE HUGE MEETING AND ANYTHING THAT IS READY TO GO BY THEN WILL BE ADDRESSED AS WELL
firefly_ Millionday: EXACTLY. This is what all international investors wanted to see !
Millionday: THIS IS FOR THE CONFIDENCE NEEDED FOR THE FOREIGN INVESTORS TO FEEL SAFE AND TO PUT SOME MONEY INTO THE COUNTRY AS NEEDED -- SMILE
Millionday: WE WILL SEE EVERYONE AT 1 EST TOMORROW