Millionday News 4/5/16 Part 1 of 2
Welcome to dinarupdates.com for News Time with Millionday!!
Millionday: OK WE HAVE AN UPDATE ON THE CBI POSTED PLAN FOR 2016-2020
Millionday: Hussein al - Tamimi Tgb aimed strategy of the Central Bank of Iraq for the years 2016-2020 to achieve financial stability and activating the role of financial institutions and the banking sector as it requires hard work to achieve the goals of the 23 efforts to support (according to the expert economist).
Millionday: READ EVERY WORD>>>>The International Union of Arab Bankers member Samir Nasiri: that make a fundamental change of approach to banking reform as stated Balstratejah according to an insight into the priorities and challenges facing the Iraqi banking sector requires that the Central Bank is examining reality of the government and private banks by reviewing, evaluating and rating these banks based on their financial statements and the results of its operations for 2015, pointing out the importance of the adoption of the assessment indicators are clear and based to force banks and international law and standards.
Millionday: NOTE -- THEY ARE USING IMO LAST YEAR FINANCIAL RESULTS ----HMMMM
Millionday: work efficiency and added in an interview with «morning« the realization of the strategy needs to identify banks that continue to work in the banking sector or not, banks that are proposed merged with other banks in order to increase the efficiency of their work and change its departments current departments specialized and efficient and develop the work of the good and discreet banks and help them to continue to work within the Iraqi banking sector according to the safe and proper contexts for the fact that the banking sector is the foundation of the national economy.
Millionday: NOTE --- INTERNATIONAL COMPLIANCE
Millionday: he noted the importance of the Central Bank of Iraq full control and supervision of the banking movement locally by focusing on proactive control the electronic office and field and a programmer and outline and identify irregularities and lapses and excesses of the executive management of bank and take corrective action , and sometimes a deterrent after giving them the time necessary and sufficient to correct and reform.
an international team Alnasiri suggested assigning a specialized team in financial analysis and determine the efficiency performance standards for banks in all areas banking , administrative and banking and credit and would prefer that this team is international independent and impartial , taking into account the results of the US assessment of the 2013 and 2014 system.
Millionday: WHOOPOW SORRY GET YOUR HAT LOL
Millionday: OK THIS IS HUGE FOR IRAQ AND THE BANKING DEVELOPMENT
Millionday: READ EVERY WORD>>>>>>>>>>>>>>>
Millionday: He urged the application of the Council of the Iraqi Central Bank Directors ' decision on controls the nomination of board members and staff leaders in the banking and focus on professional competence and functional integrity and personal reputation and commercial expertise specialist.
finance projects and pointed out the necessity of activating and developing the promotion and financing of small and medium enterprises with development and economic feasibility and to achieve the goal of reducing unemployment and without the complexity of monetary measures and make the process of implementation initiative is one of the approved banks for 2016.
Millionday: NOTE -- THE NEWS FROM A COUPLE DAYS AGO STATING THAT KURDISTAN HAS FORMED A COMMITTEE COMING NEXT GOES WITH THIS IMO
Millionday: NOTE --- OBVIOUSLY THIS IS THE CALL FOR THE BOARD OF EXPERTS ETC TO MONITOR THE CBI INITIATIVE
Millionday: HUGE NEWS TO SAY THE LEAST
_firefly_As in IMF? ;-)
Millionday: The evaluation criteria and called for the central bank to form an advisory committee in conjunction with the Association of banks, experts and advisers economists and bankers from the private sector provides advice and expertise to the board of Directors of the Bank and their circles competent and before important decisions on monetary policy industry and its impact on the economic situation in implementation of the recommendations of the meeting held at the end of 2015.
third Iraqi banking conference banks restructure Alnasiri stressed the importance of restructuring the banks government and work to be privatized in accordance with the memorandum signed with the World Bank with a focus on its contribution with some discreet banks in the private banking sector , and by no more than 25 percent, pointing to the importance that these banks are run with
Millionday: mentality of the market economy and subject to the supervision of the Office of control and take deliberate steps to establish a development bank and investment involved capitalizing the state by no more than about 25 percent , and managed by the private banking sector and the state will undertake the guidance and supervision of the accounts to monitor and audit the audit Bureau Almalah.onnbh to the need to establish a deposit insurance company
Millionday: NOTE -- THIS IS REFERRING TO >>>> THE ENTIRE BANKING REFORM AS IT IS POSTED ON CBI -----
Millionday: THE INTIATIVE -- HUGE
Millionday: and credit guarantee what makes the bank contributes to the supervision and participation in the management and prevention of risks subject, indicating the importance of the central reconsider his policy for control of monetary policy, specifically its mechanisms and tools related to maintaining the Iraqi dinar exchange rate against foreign currencies.
Millionday: I HOPE EVERYONE IS READING THIS
Millionday: LET ME SHOW YOU ALL SOMETHING ELSE
Millionday: READ EVERY WORD >>>>>>>>>>>
Millionday: Presidency of the Kurdistan Regional Government Bachirvh form a special joint committee and the exchange of foreign currencies Baerakip.
According to the Annotated book signing Prime Minister Naچervan Barzani and seen by twilight news, he decided to form a committee on currency exchange in the region, consisting of representatives from the presidency of the government and the Ministry of Finance and Economy and
Millionday: the Directorate General of commercial banks and the Ministry of Natural Resources and the branch of the Central Bank of the province and a representative of the Office of Financial Supervision.
As it stated in the book that the committee also undertake the task of monitoring and supervision of foreign exchange to the Iraqi dinar process that all ministries and the provincial government is committed to the decisions of the Commission if issued.
Millionday: SO AS WE SEE --- BARZANI HAS FORMED A COMMITTEE IN -- KURDISTAN ---- FOR THE >>>>>>>>>>EXCHANGE PROCESS OF THE IRAQI DINAR
_firefly_ millionday: This is unusual for Barzani. His reputation is he always completes tasks after a deadline
Millionday: I HAVE SOMETHING ELSE TOO -- GET HATS -- SMILE
Millionday: Arab League, AFESD and Arab executive directors at the IMF and the World Bank are also attending the meeting
The Kingdom of Bahrain is hosting on Wednesday the seventh Arab Finance Ministers Council meeting, chaired by Sudanese Minister of Finance and Economic Planning Badr Eddin Mahmoud Abbas, along with participation of Arab finance ministers.
Millionday: OOOPS...THAT IS NOT WHAT I MEANT --
Millionday: SORRY PUTER IS ACTING WEIRD AND DISTRACTING ME
Millionday: THIS IS THE REST OF THE ONE I JUST BROUGHT BY ACCIDENT --- THE MEETING IS TOMORROW
Millionday: The Arab League as observer, the Arab Fund for Economic and Social Development (AFESD) and Arab executive directors at the International Monetary Fund (IMF) and the World Bank are also attending the meeting.
The session will discuss various key topics, including the report of board chairman of the Arab Monetary Fund (AMF) Abdul Rahman Abdullah Al Hamidi, regional and international economic developments and challenges fronting the economies of Arab countries.
Millionday: NOTE -- THIS MEETING IS HUGE AND IS TOMORROW
Millionday: ARAB MINISTERS OF FINANCE MEETING --- HUGE ---
viper: What will they be discussing or do we know?
Millionday: YES THE REGION ECONOMIC DEVELOPMENT AND THE FUND
ACCORDING TO WHAT I SEE..SMILE