Millionday News 3/8/16 Part 2 of 2
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Millionday: READ EVERY WORD>>>> the representative of the Lebanese banks Joseph Tarabay may occur at the opening of the conference on the prospects for the exchange of experiences between the Lebanese and Iraqi banks, and the possibility of the first contribution in the modernization of the banking system in Iraq,
Millionday: NOTE -- KNOW THAT HOSTING HAS BEEN DONE BY CBL
Millionday: a special mention «extremism» in the application comply with US laws relating to » the fight against money laundering and terrorist financing policy», and expressed the hope that the banks play a fundamental role in the reconstruction.
as for Tariq , executive director of the Association of Iraqi private banks have pointed to the presence of government agencies concerned in this conference the private sector and direct meeting with Arab and foreign counterparts contribute to addressing many of the problems and nearly views between all parties.
Millionday: SO AS WE SEE THE SECOND DAY HAS SHOWN US THAT THEY ALL INTEND AND ARE DRAWN TO THE CONFERENCE TO RESTORE THE DINAR AND THE ECONOMY OF IRAQ THROUGH THE STOCK MARKET AND THE BANKING SERVICE WITH A MARKET ECONOMY --
NO OTHER WAY TO READ THIS AND MANY REPORTS TO BACK IT UP --- NO DATE NO RATE
Millionday: I DONT SEE PARLIAMENT
Millionday: BRB LET ME CHECK ONE MORE PLACE
Millionday: THIS IS MORE OF KEYWORDS -- ALAK SPEECH
Millionday: He Keywords that Iraq today faces a financial and economic challenges, so he is looking for stability in the banking and financial sector and that these items are not only with the cooperation and support of everyone through communication and participation in the success.
Millionday: He noted the importance of the banking sector to play important role in the current face of the financial crisis experienced by the reduction of unemployment and the expansion of the purchasing capacity and gross domestic product in general,
pointing out that the most important conditions for stability in the sector, bank and finance is to determine the structure of the economy and general trends to him as well as economic activities.
Millionday: NOTE -- HE IS STATING THAT HE LOOKS TO THE BANKS TO BRING SUPPORT THE MOVE TO A FREE MARKET ECONOMY AND THE EXPANSION OF THE DINAR PURCHASING POWER AND GDP ---GROSS DOMESTIC PRODUCT
Millionday: Keywords and pointed to the need that is heading the Iraqi economy for the time being to support the private sector by creating real competition and active participation in the framework of a free economy, whom he joined after Iraq was governed by a totalitarian economy.
Millionday: NOTE -- A COMPETITIVE MARKET ONLY COMES FROM COMPETITIVE PRICES AND A FREE MARKET ECONOMY ===== CHOICE
Millionday: For his part, President of the Association of private banks and depositary Handal during the forum that the conference was held under the slogan "The sector added Keywords that Iraq today faces a financial and economic challenges, so he is looking for stability in the banking and financial sector and that these items are not only with the cooperation and support of everyone through communication and participation in the success.
Millionday: NOTE -- CALLING FOR THE SUPPORT OF THIS MOVE FROM ALL BANKING --- OBVIOUSLY AT THE BANKING CONFERENCE -- SMILE
Millionday: He pointed out the importance of having an economic informing on the degree of awareness of the challenges facing the Iraqi economy, pointing out that the distortion and lack of understanding affects the economic situation of Iraq.
Millionday: NOTE -- DISTORTIONS IN A COUNTRY`S ECONOMY COME FROM PRICING AND CURRENCY VALUE BEING OFF --- DISTORTED -- AS WE SAW ON THE IMF STATEMENT FROM A COUPLE WEEKS AGO FOR THIS PAST MONTH
Millionday: Jumaili He pointed out that the CBI is working on the preparation of reports similar to those in which it operates by the World Bank, to facilitate the latter to monitor the work of the central bank.
Meanwhile, a head of the National Investment Commission, Sami al-Araji, said the amendments made to the investment law in the interest of the investor, calling foreign and Arab companies to increase their investments in Iraq, it represents a significant weight in this area.
Millionday: NOTE -- CBI IS MOVING TO WORLD BANK ORDERS AND THE INVESTMENT LAW WAS CHANGED FOR THE FOREIGN INVESTOR AS HE GOES ON TO ANNOUNCE TO ALL AT THE CONFERENCE
Millionday: He stressed the need for the private banks, development banks turn to instead to remain a trademark.
Foreign, and rehabilitation of state-owned companies, and converted to private companies profitable, and the adoption of the partnership (between the public and private sectors) and their subdivisions, such as the projects of term funding, any funding deficit, and projects of the BOT, and programs to support small and medium enterprises.
Millionday: BOT=====Build–operate–transfer (BOT) or build–own–operate–transfer (BOOT) is a form of project financing, wherein a private entity receives a concession from the private or public sector to finance, design, construct, and operate a facility stated in the concession contract.
Millionday: NOTE -- OPENING UP THE PROJECTS EXPECTED AND AGREED ON FROM MANY COUNTRIES
Millionday: OK THAT IS ALL I HAVE TONIGHT FOR THE CONFERENCE
hub: all the projects sound real good, all the expansion, construction and so forth and so on,,,but how do they intend on doing all this good stuff with an exotic currency, still cant trade it publicly,,,,,oh shoot, cant hold it,,,this sounds gooooood....what you think ,,,your welcome for the slow pitch down the middle....hehehehe
Millionday: HUB -- ACCORDING TO WHAT THEY HAVE SAID DURING THIS CONFERENCE IS THEY PLAN TO BRING IT TO MARKET AND TO THE GLOBE ON THE STOCK MARKET
dovi Millionday: is that good for us that its on the stock market?
Millionday: IT IS GOOD FOR IRAQ -- WE PULL UP THE STOCK MARKET/FOREX AND CBI ETC TO SEE THE VALUE -- HOWEVER TO BRING IT TO THE GLOBE I WOULD EXPECT THAT THE VALUE WOULD BE CALCULATED FOR THE FREE TRADE MARKET
kathi Millionday: FROM LAST NIGHT NEWS, DIDN'T THEY GO GOBAL TODAY?
Millionday: KATHI -- WHEN THEY GO GLOBAL WE WILL HAVE OUR ANSWER AND NO NEWS WILL BE HERE JUST THE ANSWER
dale: MD in the past I believe you've said the best days of the month to RV were the 15th and 1st of the month. This month on the 15th I believe Parliament comes back and the1st would be the start of the 2nd quarter. Do you see any significance to what we're looking for in these dates?
Millionday: I HAVE TO SAY THAT THE MARKET IS BEST DURING THE 1ST AND THE 15TH FOR CURRENCY ADJUSTMENTS AS WE SEE ON UNOPERATIONAL RATES –
HOWEVER -- THIS IS A RETURN TO MARKET AND A RESTORATION AND REFORM OF AN ENTIRE COUNTRY`S ECONOMY SO I DONT SEE ANY DATE BEING THE RIGHT ONE -- I SEE ALL DATES BEING THE RIGHT ONE
1glen: Smart cards loaded???
Millionday: NO --GLEN DISTRIBUTED BUT NOT LOADED BY WHAT I SEE
.larrykn: MD is there anything IYO that is needed to get passed either economically or government wise to get done before the can raise the rate? ty
Millionday: LARRY WE HAD A REPORT YESTERDAY THAT WAS SAYING PARLIAMENT SHOULD ONLY BE FOCUSED ON THE ECONOMIC REFORM AND IT IS SUPPOSED TO BE COMPLETE WHATEVER IT WAS BUT VERY VAGUE
quicktolegit96: ACCORDING TO WHAT I HAVE READ, HISTORY TELLS US APRIL HAS BEEN THE BEST MONTH FOR ANY CHANGE OF ANY SORT FOR ANY COUNTRY FOR "IMF" - DONT YOU FIND THIS INTERESTING AND THE FACT APRIL IS BEGINNING OF A QTR? YOUR THOUGHTS?
Millionday: YES I DO QUICK IMO IT IS VERY INTERESTING BUT I DONT SEE IT AS A HOLD UP
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