Millionday News 8/19/14 Part 1
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[millionday] THIS IS A HUGE WHOOOOPOW WHOOOPOW X 2 +
[millionday] Hussein al-Tamimi Tgb said banking expert Samir Alnasiri importance that the program focuses on the work of the Association of private banks in Iraq to achieve the goals of central require to meet the challenges faced by the private banks and find ways and mechanisms and new contexts and in coordination and cooperation with the Central Bank of Iraq, which The management of monetary policy and trends that serve the national economy and pointed out in an interview for the "morning" to the need to work on building the introductions true for the transition to a market economy in accordance with
[millionday] NOTE -- IT IS TIME FOR ALL BANKS TO HAVE IT ALL READY TO MOVE TO A MARKET ECONOMY AND ALSO TO IMPLEMENT THE CBI MONETARY POLICY
[millionday] the insight confirms that the private banking sector should play a leading role in partnership with all the episodes of macroeconomic in the economic process. especially that Iraq is on the verge variables important political and economic objective is proper construction of the economy and the investment of national resources in order to achieve the well-being of the community.
pointed to the possibility of achieving it through three directions start of the relationship with the Central Bank of Iraq through activation of joint work with him and to address the problems of the private banks and thereby
[millionday] NOTE -- THEY ARE TO DO THREE THINGS -- ONE IS TO WORK WITH THE CBI AND DO WHAT IS COMPATIBLE WITH THE MACROECONOMICS IN THE PROCESS OF THE MONETARY POLICY
[millionday] thereby contributing to finding an active role in the application of monetary policy and contribute to economic development. As well as organizing activities and specialized seminars and workshops jointly with the central bank and the financial and banking institutions, cultural centers and economic development
in order to serve overcome the challenges faced by the Iraqi banking sector and reformed. pointed to the importance of building bridges of cooperation with the government banks and in particular the Rafidain and Rasheed and Trade Bank of Iraq in order to overcome the obstacles to work in the private banking sector and the
[millionday] NOTE -- THEY NEED TO USE ALL TOOLS AND RESOURCES THAT ARE AVAILABLE TO THEM
[millionday] creation of cooperation and partnership in the plans and directions for the service of our national economy, as well as working with the Central Bank as a team and not two, and the role of private banks supporter in safety applications monetary policy and achieve the goals central to economic development.
[millionday] NOTE -- THIS IS ALL TO ACTIVATE THE ECONOMIC REFORM NOT DREAM ABOUT IT
[millionday] either second trend, it focuses on the importance of banking relationships with foreign through the development of new policies to deal with institutions and organizations, banking and financial Arab and particularly Association of Banks in Lebanon and the Union of Arab Banks and the International Union of Arab Bankers and the Association of Banks Jordan and associations of banks,
other Arab states in the Gulf Cooperation Council and international organizations in Iraq and outside Iraq.
And that includes those policies dealing equal and mutual cooperation in the areas of technical support and training, rehabilitation and organizing joint activities inside and outside Iraq.
[millionday] NOTE -- THEY NEED TO FOLLOW ALL RULES AND TRANSITION PLANS FOR THE INTERNATIONAL BANKS THAT HAVE A HUGE PART IN BOTH THE MARKET ECONOMY AND ALSO THE MONETARY POLICY
[millionday] promised the formation of a delegation representing the Association from within the administrative board and the banks members of the General Authority is important for the purpose of visits to the headquarters of these associations,
unions and the signing of memoranda of understanding and cooperation shared with them include privileges that will be obtained and training opportunities for staff of private banks Iraqi at the level of Arab and regional states in particular.
[millionday] NOTE -- TRANPARENCY WILL BE THROUGH ASSOCIATIONS AND ALSO BANKING DELEGATIONS FROM THE INTERNATIONAL BANKS AND IRAQ
[millionday] Alnasiri between the cultural activity bank is preparing a plan for conferences and specialized seminars and training courses, which will link set up and identify themes and to work to create the accessories and the focus is on the follow-up recommendations from the conference and the first banking organization in a banking conference to discuss the private banking business strategy for the next phase and
[millionday] the establishment of specialized training courses in coordination with the Centers for banking training in regional countries and banking experts Iraqis.
Pointing to the importance of the development of the preparation, editing and design themes and Doors contained Magazine (Iraqi banks) and re-considered in terms of the content and purpose and artistic craft.
millionday] SO THEY WILL HAVE MANY RESOUCES TO MAKE SURE ALL QUESTIONS ARE ANSWERED AND ALL RESOURCES ARE AVAILABALE FOR ALL BANKS AND COMMUNICATION IS AVAILABLE FOR THE MONETARY POLICY LAUNCH FOR THE NEW IRAQ
[Florida Country Girl] is this to be implemented now
[millionday] THE WAY THIS READS >>>> the goals of central require to meet the challenges faced by the private banks and find ways and mechanisms and new contexts and in coordination and cooperation with the Central Bank of Iraq, which The management of monetary policy and trends that serve the national economy –
IT IS TALKING ABOUT IT AS IF THEY ARE IN THE PROCESS NOW ---- ACTION IS WHAT WE NEED TO SEE
[millionday] WITH ALL THE REGULATIONS AND MAKING IRAQ INTERNATIONALLY COMPLIANT--- IT IS REPORTED TO BE TO MOVE TO A MARKET ECONOMY
millionday] OK BRB WITH MORE -- VERY POISITIVE NEWS -- LOVE IT
ivorygal] Is Turki still in a "proxy" position? If so, does he have authority to initiate the rise in dinar value?
[millionday] HE HAS BEEN GIVEN THE POWER TO RAISE THE VALUE AND IS NOW REFERRED TO AS THE GOV OF CBI SO AS FAR AS A FORMAL ANNOUNCEMENT I HAVE NOT SEEN IT
BUT SEE THAT HE IS FOLLOWED WITH THE NAME GOV OF CBI --- HE WAS GIVEN POWER MONTHS AGO
[millionday] HERE WE GO AND THIS TOO IS MORE CLEAR OF WHAT THEY ARE DOING AND HUGE WHOOOPER
[millionday] Hashemi said the central bank could expand the business of banks and money transfer companies and mobile phone companies and the exercise of any of the activities of the electronic payment in the event of their desire for the introduction of e-payment of money No. 2 for the year 2014.
In this context, he said the academic economic Dr Majid Baidhani to call the bank for banks and companies come through the pursuit of the development of the payments system in Iraq, the adoption of modern technology in order to ensure service delivery quickly and the quality away from the routine and wasting time.
[millionday] NOTE -- THEY ARE SAYING THE TIME IS NOW AND THERE IS NO REASON TO WAIT FOR ALL BANKING -- ON-LINE -- ATMS--MOBILE PHONES AND E-PAYMENTS AND WIRES –
ALL REQUIRING THE ENTIRE LAUNCH OF THE MONETARY POLICY AND INTERNATIONAL ACCEPTANCE
[millionday] said in a statement (morning) that the central bank has been for years on the development of plans and implementation in order to serve the process of transition to a market economy and freedom from the central system authoritarian who controlled all aspects of the economy in the country.
said that the central had announced earlier in readiness for the development of the banking business by announcing the project divided the national and invite foreign companies for the purpose of contracting with them and agree on its implementation.
millionday] , adding that the regulations advanced banking participation mobile phone companies will allow citizens to transfer money from their funds to any bank or branch or someone else provides time and cost and effort, along with reducing the security risks of trading currencies in large amounts when conducting commercial transactions.
central bank had called wanting to banks and companies winning licenses it to expand the business of banks and money transfer companies and mobile phone companies and the exercise of any of the activities of the electronic payment in the event of their desire for the introduction of e-payment,
stressing that they have to make formal requests for the exercise of this service requirement of commitment to the requirements of the system and provide all the archives.
millionday] NOTE -- THEY ARE PREPARED TO WIRE LARGE AMOUNTS OF MONEY AND ALSO WIRE INTERNATIONALLY –
BEST OF ALL THEY ARE READY TO ACCEPT LARGE SUMS OF MONEY FOR EXCHANGE --- HUGE LEAPS FOR THE ECONOMIC CONDITION AND THE PLANS FOR ALL INVESTORS
Craveman] When you say "GLOBAL CONTRACTS BEING LAUNCHED AND THAT IS WITHIN A FEW DAYS" and will require a rate that is fair trade.. does that not imply reality rate w/in days?
[millionday] IT WOULD HAVE TO REQUIRE A REALITY RATE WHEN THE INTERNATIONAL ACCEPTANCE AND CONTRACTS AND TRADE BEGIN -- IT IS PART OF INTERNATIONAL ECONOMICS -- MACRO ECONOMICS
millionday] IF THEY ARE ABLE TO LAUNCH THE MONETARY POLICY FOR INTERNATIONAL ECONOMICS -- THEY WILL HAVE TO MOVE FORWARD WITH THE REMOVAL OF THE THREE ZEROS AND THE REQUIRED VALUE OF THE DINAR --- OR IT WILL NOT EQUAL OUT WITH A COMPETITIVE TRADING PLATFORM
[millionday] IT IS EXCITING TO SEE THE REPORT STATING THAT THEY NEED TO COMPLY WITH CBI IN THE MOVE TOWARD A MARKET ECONOMY AND THAT ALL TRAINING IS DONE AND RESOURCES AVAILABALE --- WHOOOP WHOOOP
[millionday] THEY ARE TALKING ABOUT THE CONTRACTS BEING LAUNCHED NOW AND THAT THEY ARE READY BUT WE WILL WATCH THE ACTION -- SMILE
carpet] If Abadi presents his cabinet on Monday and the parliament votes to accept his cabinet, does that automatically make them a "seated" GOI?