Millionday News 11/25/14 Part 1
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Millionday: THE NEWS ONCE AGAIN IS A HAT CHAIR AND ARM HOLDER
Millionday: SO GET READY TO SMILE
Millionday: THIS IS VERY HARD TO BELIEVE -- THE NEWS IS SO EXCITING AND I LOVE THE INK SO ALL INK
Millionday: RUDIE HAS TO COPY ALL THE EXCITEMENT SO TRY TO KEEP IT GOOD FOR HER
Millionday: BUT >>>>>>>>>>>>>>>>>>>WHOOOOOOPOW
Millionday: Association of private banks in Iraq, the second banking conference next Saturday to determine the main challenges that limit its role as a strategically partner in achieving development, what are the requirements to enable the private banking sector to perform its mission in light of the current stage?
play banks in developed countries, a major role in the implementation of development programs by providing the necessary liquidity and well-managed and programmed to serve the requirements of the companies that are the most important fundamentals
provide banks with financial solvency and high capacity on Ansiabatha leading to facilitate the work of those companies, then the banks reputation at the forefront of the requirements.
Millionday: NOTE -- THE BANKING CONFERENCE WE HAVE BEEN TALKING ABOUT ON SATURDAY –
(THE OTHER STARTED TODAY) WILL BE THE CHALLENGES THEY ARE FACING WITH THE DEVELOPMENT --- WE DONT KNOW AFTER OR BEFORE THEY BEGIN (CHALLENGES) OR AFTER
Millionday: Here in Iraq banks experiencing despite solvency high administrative Amtlakhalkaddrat provide upheaval and chaos because of legislation that are governed by,
and now that legislation is appropriate and inappropriate to the requirements of the times in the speed and accuracy requisite to comply with the requirements of the companies.
Millionday: NOTE -- UNDERSTAND THAT MANY COMPANIES ARE GOING TO NEED ACTIVE BANKING TO MOVE FORWARD WITH THE MANY CONTRACTS AND PROJECTS WITH CONVENIENCE
Millionday: NOTE -- READ EVERYWORD
Millionday: NOTE -- THIS IS THE ANSWERS THEY ARE GETTING AT THE BANKING CONFERENCE -- HOW TO REGAIN THE TRUST NEEDED RIGHT NOW DUE TO THE ECONOMIC REFORM
Millionday: particularly the banking reform to its importance in promoting All economic aspects in the country .mtalob of the Association of Banks, a legitimate representative has clarified the picture and work to modify Pmaatanasb and the weight of these banks,
as there are weak and are not eligible banks but not the general character Valrabotth required to work on the correct track in order to be new legislation guaranteeing the performance of the banking .
Millionday: NOTE -- SOME OF THE WORRIES ARE UNFOUNDED BECAUSE THE LEGISLATION IS TAKING CARE OF THE PROBLEMS OF TRANSPARENCY AND REMEMBER THE INSURANCE AND ALSO THE ADDED SERVICES ETC
Millionday: .Then there is a belief that the private banking sector to make a living on the state at a time when billions owns Off and untapped because of crippling laws, so we said that the conference a valuable opportunity to view these challenges
and processed immediately begins to work and correct this Alnzerh.an problem faced by the country's economy due to declining prices Oil highlighted the need for the role of private banks in the development through compensate for the lack of resources
propositions must be the level of importance of the conference does not go side applications is feasible and here's an opportunity in the hands of private banks, we will follow up to see how Istthmrhma Conference in snatch rights Time is running out.
Millionday: SO AS THIS IS VERY EASY TO UNDERSTAND –
THE LOWER OIL REVENUES ARE MAKING IT IMPERATIVE TO DIVERSIFY THE GDP /MARKET FOR IRAQ TO BE FINANCIALLY CAPABLE TO FUND THEIR COUNTRY –
SO AS A DIRECT RESULT OF THAT -- THE COMMERCIAL BANKING WILL BE THAT MUCH MORE IMPORTANT AND SO WILL THE INVESTMENT RESOURCES AND DEPARTMENTS AND PRIVATE BANKERS AND ALL OTHER SOURCES OF WEALTH MANAGEMENT -- BUSINESS MANAGEMENT ETC
Millionday: OK AS WE CAN SEE THE BANKING CONFERENCE IS FOR THE NEXT PHASE OF ECONOMIC DEVELOPMENT
Millionday: BRB WITH MORE
Millionday: HERE WE GO WITH THE MOST IMPORTANT NEWS OF THE NIGHT AS YOU WILL SEE SO HOLD THAT HAT
Millionday: READ EVERYWORD -- THIS IS A REPORT THAT IS VERY TELLING FOR US ALL AND IRAQ
Millionday: Ahmed Mohamed stressed MPs and businessmen on the need to adopt the Iraqi dinar in local dealings, to raise the value of that currency against the US dollar, which contributes to the award of the national economy.
Millionday: Iraq is going through a financial crisis that threatens its economic future, according to observers, the result of spending Miliradt dollars on the war against terrorism,
and the displacement of the population of the provinces of western and northern country to safe places in northern and central Iraq and the south,
which calls on the government to follow the austerity policy, to address the significant shortfall in the annual budget public.
Millionday: NOTE -- THE EXPENSES WERE NOT EXPECTED FOR THE ECONOMIC REFORM AND THE PLAIN OF IT ALL IS ----
THE FIGHT AGAINST TERRORISM HAS VERY BAD TIMING AND NEEDED ADJUSTMENTS TO BE MADE WITH REVENUES AND ALSO THE FUNDS THEY THOUGHT THEY COULD APPLY ELSEWHERE
Millionday: NOTE -- THIS HAS BEEN DONE AND IS BEING ENFORCED
Millionday: He welcomed the academic and businessman that all domestic transactions be in Iraqi dinars, instead of the US dollar, adding that the import contract opens adopted the dollar, if the style payment based, though it is possible that the deposit be Dinars.
Millionday: NOTE -- THE BANKING ACCOUNTS WILL BE EXCHANGED TO THE REALITY VALUE GIVEN FOR THE DINAR EVEN IF THE INITIAL CONTRACT ETC IS IN US DOLLARS AS OF NOW
Millionday: PER REGULATION
Millionday: NOTE -- READ EVERYWORD
Millionday: Foreign import contracts and require that the dependence dollar or the euro, while local ones are in dinars, and sometimes rely dollar.
According to the spokesman, who wished to withhold his name, the owner of a contracting company specializing in oil and electricity, that most companies have banking facilities in regional banks like Jordan and Dubai, and you want to be a style based payment for financial security.
Millionday: NOTE -- SO EVEN IF THEY ARE CONTRACTING IN THEIR HOME CURRENCY ETC -- THE CURRENCY OF IRAQ WILL ONLY BE DONE IN DINAR --
Millionday: EXCHANGED TO ITS VALUE
Millionday: "Does not make sense to be treated in local companies with the citizens to the US dollar", thus sees the spokesman, who said that most Western countries refuse to deal without their local currencies. And refers to the speaker that the imposition of this deal, which he described as "small", provides a demand for the local currency, but adding that included the entire local deal would be great
Millionday: NOTE --- A MARKET ECONOMY MEANS COMMERCE BY SUPPLY AND DEMAND –
SO AS WE CAN SEE THAT ALSO INCLUDES THE CURRENCY AND THE IMPOSITION IS VERY SMALL –
SIMPLE ACCOUNTING THANKS TO COMPUTERS -- SMILE -- THIS IS DATA ENTRY ADJUSTMENTS
Millionday: It focuses on Dr. that are placed on all purchases in accordance with the credit through the Bank, for the development and revitalization of the national banking system.
For his part, sees member bloc independent MP d. Mohammed al-Shammari, the global economic situation makes it imperative for everyone stand up and actively national Iraqi economy, and keep it from schemes aimed at wrecking.
Millionday: NOTE -- IRAQ WAS NOT AFFECTED BY THE RECESSION SO THEY WANT TO BE VERY CAREFUL AS THEY ENTER THE GLOBE AS TO NOT HAVE ANY NEGATIVE RESULTS
Millionday: NOTE -- HE IS ALSO SAYING THAT IT IS VERY IMPORTANT TO WATCH EVERY SINGLE MOMENT ECONOMICALLY TO PROTECT IRAQ`S ECONOMIC SUCCESS -- GLOBALLY
Millionday: NOTE -- THIS IS MORE ON THE PRESS STATEMENT THAT WAS GIVEN ON MONDAY CONCERNING THE ECONOMIC DEVELOPMENT TO THE CITIZENS AND THE WORLD
Millionday: Al-Shammari said in a press statement seen by "the world" on Monday that by some States to increase its oil exports to the market in order to reduce oil prices,
aims to impact on the economies of countries that rely on oil Coward head of her, in order to pass a number of "major countries of the projects .
Millionday: Shammari stressed the need to instruct government departments and institutions that deal in Iraqi dinars, to help raise its value against the US dollar, which assigns the national economy.
On the other hand, Deputy Prime Minister Bahaa al-Araji, on Monday, the financial budget for next year 2015 continuing to decline in oil prices globally influenced,
pointing to the need to reduce unnecessary expenditure in the budget and rationalization.
Millionday: NOTE -- THE RAISED DEMAND IS EXPECTED TO ALSO RAISE THE REALITY RATE FOR THE DINAR
Millionday: He added that "everyone knows that there is a financial problem as a result of the continuing decline in oil prices, as well as the shortfall in the budget year 2014,
which requires work and a thoughtful and planned to meet the projected deficit and continue to raise the oil production ceiling," stressing that "the rationalization of expenditures will not affect the launch grades and salaries of employees and retirees
Millionday: He called al-Araji, all the political blocs to "combine their efforts and contribute in earnest through cooperation with the government to rid the country of the inherited problems in the field of security and money, economy, trade, administrative and financial corruption."
It is said that a large number of economists stressed that Iraq's budget for 2015 will be affected significantly lower global oil prices to the fact that the budget unilateral supplier.
Millionday: SO SHAMMARI IS STATING THAT AND SO ARE MANY OTHER GOV DEPARTMENT LEADERS THAT THEY NEED TO ALL COOPERATE IN WORKING TOGETHER
TO GET RID OF ALL ECONOMIC PROBLEMS THAT HAVE COME FROM THE YEARS OF SANCTIONS AND ALSO THE WAR TORN COUNTRY
Millionday: NOTE -- THE ENTIRE EFFORT IS TO RAISE THE VALUE OF THE DINAR AS MUCH AS THEY CAN WITH REALITY CALCULATION
Josie: Who is Ahmed Mohamed and is he someone whose voice carries weight ?
Millionday: THESE ARE ALL BLOCK LEADERS AND ECONOMISTS RESPONDING TO THE BANKING REFORM CONFERENCES AND THE PHASE THEY ARE IN NOW FOR THE TRANSITION TO THE GLOBE
maine: any word on the laws that were to be passed?
Millionday: AS IN TREASURY OR FINANCE ETC
Millionday: NOT IN THAT REPORT -- THAT WAS ABOUT THE CONFERENCE BUT WE ARE GETTING TO SOME NEWS ABOUT PARLIAMENT TODAY AS WELL
Millionday: BRB WITH MORE
Millionday: NOTE -- MICRO IS FOR ONE INDIVIDUAL BUSINESS FOR EXAMPLE AND MACRO WOULD BE FOR A NATIONAL ECONOMIC CALCULATION ETC
Millionday: ECONOMICS ---
Millionday: Hussein al-Tamimi Tgb represents the most important financial stability respond to crises axes, through prudential measures that address any emergency financial sector is facing,
and to maintain the level of public spending away from the different influences that are exposed due to fiscal revenue volatility and the resulting country her problems.
Member of the International Union of Arab Bankers academic Iraqi d. Sadiq al-Shammari stressed the importance of strengthening the role of central banks
to reduce systemic risk and protect financial stability by taking precautionary measures at the macro and micro levels supported by appropriate early warning systems compatible with the economic environment variables in order to cope with various crises.
Millionday: NOTE --- THIS IS THE ORDER TO PREPARE FOR ANY SIGN OF ECONOMIC PROBLEM BEFORE IT GETS OUT OF HAND --- AS THIS REPORT WILL EXPLAIN
Millionday: AND THINK ABOUT WHY WOULD THEY BE ADDRESSING THIS IN THE PUBLIC
Millionday: . He said the "morning" that the Sharm el-Sheikh conference held recently urged the central bank to prepare and fortify themselves well against financial crises in the future to overcome the financial turmoil and support stability proactively
taking into account the conditions of Arab States at the moment and support the local economy, through internal growth sustainable.
systemic risk and the Shammari said the recommendations of the conference included stimulating Arab banks to pay attention to the process of self-assessment of capital adequacy
as to contribute to the improvement of the quality of the evaluation process and to support banks in the face of extraordinary circumstances, also stressed
Millionday: NOTE -- REMEMBER THAT I WAS SAYING THEY WOULD KEEP A MONITORING OR AUDITING ABILITY AVAILABLE SO THAT SOMETHING DOESNT GET OUT OF HAND AND NOT CAUGHT BEFORE CAUSING A HUGE ECONOMIC ISSUE
Millionday: NOTE -- THIS REPORT IS VERY TELLING -- VERY
Millionday: the need for banks interest to hold pressure on several levels tests periodically and analyze the results and developed in the light of the study projected future changes,
Indicating the importance of initiating central banks tested pressure from its point of view, taking measures into account systemic risk and the need for continuous communication between the central banks and conventional banks in this regard.
the exchange of experiences to strengthen the role of the Union of Arab Banks through the formation of a standing committee is concerned with the decisions of the Basel and coordinate with Arab banks to exchange experiences including,
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