Millionday News 6/2/15 Part 2 of 2
Welcome to dinarupdates.com for News Time with Millionday!
Millionday: NOTE -- THE GOAL OF THE PRIVATE BANKS HAS NOT SHOWN YET
Millionday: This increase does not constitute a major threat as much as what interests destabilize the confidence of the citizen national own currency and if they grew it will lead the to a state Alzaralmala supposed to,
but so far there is no hope of avoiding hindsight, waiting for new measures and tight because the reduction decisions are still without monitoring and auditing and on the central bank to take chock measures.
Millionday: NOTE -- THE POLICY HAS NOT BEEN APPLIED YET
Millionday: eight other behavior of departments of banks in dealing with the audience when withdrawals raises panic, required explaining to citizens withdrawals mechanisms in accordance with the available liquidity, making it the most satisfied.
the currency market so far normal by the law of supply and demand and, more importantly Is price stability will be achieved for the sake of the financial panic?
Millionday: SO THEY PLAN TO MOVE FORWARD WITH MONETARY POLICY TO AVOID CITIZEN PANIC -- SMILE
Loopow: .....not portends great danger as long as the country has the capacity physical Maysaad to overcome the crisis, and in such a case must be to speed up the enactment of the Deposit Insurance Act to restore confidence Bodaoualmassarv and activating investment and most importantly provide liquidity...... That says it all. Loopooow © ™® Pat Pend.
Millionday: I AGREE -- INSURANCE WILL PROVIDE HUGE CONFIDENCE -- THIS IMPACTS ALL ECONOMIC ASPECTS -- GOOD POINT
jtank: reserve currency would explain why they do not care how much is out there--more the better right? USD is in almost all countries and iraq wants to be there?
Millionday: YES -- IRAQ PLANS TO BE A GREAT RESERVE CURRENCY AND IMPACT ALL THEIR ECONOMIC ASPECTS
zena: Are there any deadline dates coming up, where they MUST move forward to NOT go backwards? Thanks in advance MD.
Millionday: THEY HAVE MADE STATEMENTS ABOUT THEIR PAY BEING GIVEN BUT NOT SURE ON EXACT TIMELINES
mary: What exactly are they waiting for still, are there some laws to be put into place still ?., thank you......
Millionday: I DONT KNOW OF A HOLDUP-- THEY ONLY KNOW OF THE TIMELINE
mudder: So if they don't care how much dinar is out there, why the liquidity problem??? To be a reserve currency, they need to be accountable....
Millionday: LIQUIDITY IS IN THE BANKS --
TimandJulie: Many MANY say there running out of time, they must by this date, time is important, your take or answer
Millionday: THEY NEED TO RESPECT AND NOT LOSE THE CONTRACTS THEY HAVE GAINED OR AGREEMENTS
Millionday: Revealed in a parliamentary finance committee member, on Tuesday, a proposal to merge the Rafidain and Rasheed, referring to the deterioration of the financial situation of the Rafidain Bank.
He said the parliamentary finance committee member Masood Haider, for "The Iraqi news agency" that "Rafidain Bank financial situation deteriorating very" revealing "a proposal by the prime minister, the integration of the Rafidain and Rasheed and regarded as one bank."
Millionday: NOTE -- THEY MAY MERGE -- JUST A THOUGHT OR PROPOSAL IT APPEARS
Millionday: He stressed Haider, a deputy from the Kurdish bloc change, "The Finance Committee is closely following the development of State-owned banks and the conclusion reached by the Rafidain Bank of very large financial deterioration must put the necessary solutions and quick about it."
It is a different context, Haider added that "the Finance Committee met a few days ago with the Economic Commission to study the investment law being activated and carries financial side."
Haider said that "the lack of activating the investment law because of obstacles in front of the Investment Authority," explaining that "those obstacles spurred Parliament to enact a law gives full freedom for investors from home and abroad."
Millionday: SO THEY ARE OBVIOUSLY IN A HURRY TO ACTIVATE THE INVESTMENT LAW -- HUGE NEWS LOVE IT
Pablo: Do we know when they are going to have this special Parliamentary session to vote on the laws?
Millionday: NO -- THEY KEEP CHANGING DATE
zena: MD, it sounds like they may be in the final steps of the investment law, from the paragraph above. "to enact law gives full freedom for investors from home and abroad" . is this correct?
Millionday: THATS HOW IT APPEARS TO ME TOO -- GOOD POINT
Millionday: investment commission in Parliament, on Saturday, that the value of the assets at the central bank up to 66 trillion dinars, expected to amount up to 70 trillion by the end of this year.
Said committee member olive-Dulaimi, in an interview with / Baghdadi News / "The Governor of the Central Bank on the Keywords and during his stay in the meetings of the Committee, revealed the existence of 66 trillion dinars assets in the Central Bank", noting that "this amount is good compared with the situation in Iraq current of lower oil prices and the war on terrorists Daash organization.
Millionday: NOTE -- ABADI IS HAPPY WITH THE CBI ASSETS
Millionday: "The bank balance of gold is very good, and is able to walk the things the country to safety," asserting that "the improvement in oil prices during the last period will be a positive factor to increase the asset level at the Central Bank, where he is expected to arrive in the amount of assets at the end of 70 trillion dinars.
It is said that the parliament select sell a barrel of oil in the budget price of $ 56, with oil prices at the moment, ranging between 64 and 67 dollars in the global markets .
Millionday: SO -- THEY HAVE MET THE AMOUNT THAT WAS WRITTEN IN THE PRINTED BUDGET WE READ --EXCELLENT
Millionday: Pumice in a move aimed at enhancing decentralization, the government continues to apply the governorates not organized law province average No. 21 for the year 2008, through the transfer of the powers of some ministries to local governments, something which was supported by observers and experts economy because of its positive impact on the country's economy, especially in the areas of services and investment.
The government plans to transfer the powers of the ministries (Municipalities and Public Works, Labour and Social Affairs, Construction and Housing, youth and sports, agriculture, health, education, as well as financial) to the provinces according to the middle of next August law.
Millionday: NOTE -- POWERS ARE GOING TO BE TRANSFERRED
Millionday: economist d. Majid picture count in his statement the "morning" decentralization a right and proper in light of the current phase, indicating that the promotion of the country meant to give powers to the provinces and the rest of the governing bodies of its subsidiaries which is closer to the public and the actual reality of the province.
In spite of the support of the picture of this trend, but it opinion, such action is not a radical solution for the elimination of administrative and financial corruption or application legislator of good governance and support the Iraqi economy laws in line with the Mans in the Constitution in the transition to a free economy, and expressed support for the government guidelines for the application of its economic, social and political.
Millionday: It is the service side expert pointed to The decentralization in the interest of providing basic services to the public and solving the problems of the province in this area.
The investment point of it (decentralization) will give the authority more in order to deal with internal and external investment, attracting companies sober to benefit the province concerned thereby improving the reality of investments in the country,
noting at the same time that the administrative and financial corruption and bureaucracy are the main factors limiting investment and economic development.
Millionday: NOTE -- THE GOVERNMENT IS IN SUPPORT OF THE TRANSITION TO A FREE ECONOMY
Millionday: NOTE -- THE TRANSFER OF POWERS WILL HELP EACH PROVINCE GAIN
Millionday: The observers find that the transfer of some powers of the ministries to the provinces addresses the organizational problems of government institutions and the development of model structures to ensure efficient performance of BachAn integrated whole,
as well as the trend towards the adoption of modern management systems for the advancement of the case of government institutions and out the results of the process viable achieve positive results serve the country's economy and the development process.
Millionday: NOTE -- THE TRANSFER IS PART OF THE STEPS OF THE COUNTRY`S DEVELOPMENT
Millionday: and will have to maintain decentralization through provincial Law No. 21 of 2008 amended the following resources in accordance with Article 44 of the " budget allocations, revenue generated from fees for services and taxes, fees and fines in accordance with the laws,
as well as allowances for the sale and lease of state property movable and immovable property, donations and grants according to the Constitution, along with half of border crossings revenues, if any,
and the share of the petro-dollar oil to the provinces, as well as allocated by quota local authorities and administrative units that followed, including enough for the advancement of duties and obligations according to the proportion of the population.
Millionday: THE CONSTITUTION WILL BE APPLIED WITH THE DISBURSEMENTS AS WELL
Millionday: NOTE --- BGG WILL BE DOING ROUNDTABLE TOMORROW --SO DONT MISS IT !!!!!
Millionday: EVERYONE JOIN BGG FOR ROUNDTABLE TOMORROW AT 1 EST