Millionday News 4/22/14 Part 1
Welcome to Tuesday Night News Time With Millionday!
[millionday] Announced the Finance Committee in the Iraqi Council of Representatives, that the Council will resume its sessions in the sixth month of May next to approve the budget bill for fiscal 2014.
A member of the committee MP Hassan Auzmn in a press statement, "I believe the Presidency of the Council of Representatives will call on the House of Representatives to hold the first meeting of the Council post-election sixth day of the month of May," adding that "this meeting will be to read the budget bill for fiscal 2014, such as reading again.
[millionday] so as we see here they are going to meet about the budget on may 6th after elections for the budget -- but not much to say without a crystal ball on that one
[millionday] CBI is a separate entity so with the many announcements of them moving forward with economic reform with international investment they would be pressured into also activating their own projects brb with more
[millionday] ok so here we go - this is one of the very important whooopows tonight
[millionday] Bankers said that banks, major Arab has the intention to expand in the Middle East region in markets such as Egypt and Iraq as it seeks to take advantage of the withdrawal of international banks big competition from some areas.
Predicted Hola to move international banks are increasingly selling and retail units in the Middle East or merge subsidiaries with other banks.
[millionday] said Nemeh Sabbagh, CEO of Arab Bank's largest banks Jordan on the sidelines of the meeting of Arab banker in Amman earlier in the week that this is an opportunity for Arab banks that enjoy a high rate of capital adequacy and seeks to expand and diversify in the area .. and the foundations of the Arab Bank regional network decades ago decisive quoted "The Middle."
[millionday] note -- they stated Arab banks into the region and the world !! love it!!
[millionday] For example, the Bank of HP .. C Europe's largest bank by market value, to merge his unit in the Sultanate of Oman with Omani bank Local and sold its activities in Jordan for a local bank last halted wealth management services in Bahrain and Lebanon. ,
and since 2011 has reduced some global banks activities in the region to reduce costs and help strengthen capital and focus on its core markets with increasing competition from local banks
[millionday] note remember that the international banks are going to be used to fund the private banks for the economic reform -- and now Arab banks
[millionday] Approved Barclays Bank this month to sell its retail in the United Arab Emirates for the Abu Dhabi Islamic Bank, while banks sold me. said. BNP Paribas, Societe Generale and Their unity in Egypt for two Gulf banks.
[millionday] God Bless America my Home Sweet Home - i have to say something about this last report - that is the bank that i bought my first car through a 'couple' years ago lol
[millionday] so very nice to see the interest working for them smile brb with more that is so very huge
[jtank] not closing nationals but merging
[millionday] among other things -- they are coming -- if you build it they will come -- smile
[kimberly1] Field of dreams .. AMEN!
[millionday] huge banking news -- that merging will effect the market in Iraq (ISX) and also the the other country markets involved brb with more amen
[millionday] here we go the report came out -- Central Bank of Iraq, on Monday, for allowing the money transfer companies to participate ERA currency, stressing that this would contribute to the stability of the exchange rate permanently., The bank said in a press release,
"The bank's management has agreed to do money transfer companies to open accounts directly with the bank CBI, (the Iraqi dinar and the U.S. dollar) to carry out the purchase of foreign currency.
[millionday] "the bank said," This operation will expand special events auction of foreign currency and contributes to the stability of the exchange rate permanently. "according to the morning newspaper and founded the Iraqi Central Bank as a bank independent under the law issued in the sixth of March 2004, as an independent body,
which is responsible for maintaining price stability and the implementation of monetary policy, including exchange rate policies are being daily sessions for buying and selling currencies.
[millionday] here we go -- Parliamentary Finance Committee reassured wary of raising U.S. protection for Iraqi funds deposited in the Development Fund for Iraq, while confirming that there is a settlement agreement approved by Parliament in 2011 to ensure the protection of those funds after the lifting of immunity
[millionday] note -- there was a huge signed official document signed in 2011 that the money of Iraq`s would not go to the debtors when the protection was lifted -- it would be managed by Iraq and agreements would be made -- we saw they announced that is all set up
[millionday] Said committee member Abdul Hussein al-Yasiri: "There is a settlement agreement with the United States was approved by Parliament in 2011, to ensure Iraq after the UN mandate for the continued U.S. protection of Iraqi funds in the Development Fund for Iraq."
[millionday] He ruled Yasiri what was said about that the money will go to creditors after the lifting of immunity, asserting that U.S. President Barack Obama issued a decision in the protection of Iraq's reserves of all banks in the world and of the Central Bank of Iraq
[millionday] huge huge and it has been --- so that will not be problem and will of course be a tool to support what? the value of the dinar ---
[millionday] smile perfect
[MsDiva] Great Great news
[millionday] brb with more
[millionday] i agree whoopow
[jtank] The above para exchange companies with cbi are national too
[millionday] jtank i agree
[millionday] here we go -- here is something that is very interesting because we have read when this began and the plan -- huge
[millionday] The governor of the Iraqi Central Bank and the Agency Abdel Basset Turki, on Tuesday, that the bank had invited his counterpart, "JP Morgan" the U.S. to open a branch in the country,
while noting that the opening of the banks will facilitate transfers of financial and opens credit banking reliable global by the citizens. He said Turkish for "tomorrow's Press,"
that "there are major banks opened offices in Baghdad and there are requests to open new branches inevitably to the Department of Central Bank of Iraq," noting that "Citigroup Bank of America is the first banking group to open an office in Baghdad."
[millionday] note -- very HUGE WORDS >>>>> The governor of the Iraqi Central Bank and the Agency Abdel Basset Turki, on Tuesday, that the bank had invited his counterpart, "JP Morgan" the U.S. to open a branch in the country,
[Road_Kill] That is huge news
[millionday] note --- for global banking
[Imperator] Very big
[millionday] which requires (sorry to sound like broken record) a reality rate for internationally recognized currency to make it international or global as stated here
[millionday] He added that "the central bank extended an invitation to JPMorgan the U.S. presence in Iraq by opening branches in Baghdad and the provinces," stressing that "the opening of such major banks branches in the country will facilitate transfers of financial and opens credits global banking reliable by the citizens." .
The United States of American States, which has good relations with Iraq, which has a joint cooperation in the agricultural and commercial sectors.
[jarhead] Sorry gang this is serious news isn't it?
[millionday] this is so huge news
[jarhead] Don't mean to interrupt
[millionday] for two reasons
[tbob] whooop whooop!! lol
[kimberly1] Definitely! Whooooop
[Imperator] This truly does require a real rate, you are so right millionday.
[tbob] Imperator shes always right!! lol
[Danalivin4HIM] ??? doesnt it take months to open banks?
[Road_Kill] The likes of JP Morgan mean there has to be a reality rate
[millionday] one --- they said that Either JpMorgan or the US of A is their counterpart
[kimberly1] Western Union with the bank codes and J P Morgan and all the currency traders both over there and over here .. all pointing to the same thing ... a reality rate to make it all make sense
[millionday] two -- they stated that this is to move to global banking
[millionday] end of report --- whooopow
[Imperator] Some think the owners of JP Morgan are the same owners of the central banks.
[kimberly1] Love that ink tonight Millionday! awesome news!
[jtank] yes oldest banks in world
[millionday] i agree !!
[faith1] Lord,,, I don't even know what to ask.... it's all there,,, whoop whoohoo
[Danalivin4HIM] I want to get excited... but doesnt it take months to open banks?
[Danalivin4HIM] thank you tbob
[tbob] Danalivin4HIM lol
[millionday] Danalivin4HIM they are already there -- this is to expand them
Comments may be made at the end of Part 2 Thank You