Millionday News 3/10/15 Part 2
Welcome to dinarupdates.com for News Time with Millionday!!
maine: so the word now has to mean very soon?
maine: your thoughts?
Millionday: THEY HAVE STATED THAT THEY WANT IT TO BE DONE URGENTLY -- SO VERY FAST ACCORDING TO WHAT I HAVE READ
militia man: From the sounds of this statement, is the urgency as in days weeks? Your take on it please.
Millionday: NO TIMELINE GIVEN YET -- WE DO NOT KNOW WHEN (DATE OR RATE)
Millionday: Recommended economic investment conference which was held in the French capital Paris recently under the title "to improve the business and investment climate in Iraq,"
which was chaired by OECD Economic and Development OECD, attended by Iraq representative of the private sector and the government sector and the Investment Authority and the advisers need to provide suitable investment environment through the removal of
Millionday: NOTE -- THE PARIS ECONOMIC INVESTMENT CONFERENCE WAS HELD TO IMPROVE THE ENVIRONMENT AND ALSO IMPROVE ANY PROBLEMS THAT HAVE COME UP FOR INVESTMENT
Millionday: obstacles and difficulties facing Almsttmaren.oukal vice president of the Union of Entrepreneurs official representative of the Iraqi private sector on behalf of Jamil Antoine's "morning,"
said the Conference recommended to search the obstacles facing the investment environment and focus on the land, which is disruptive for the arrival of President investors.
Millionday: He Antoine said Agency for International Swedish International Development Cooperation (Sida) chaired the second meeting of the Working Group on the project,
which was inaugurated by the Deputy Secretary General of the Organization of Economic Cooperation and Development over two consecutive days,
which discuss the issue of strengthening the framework of Iraq's investment policies and provide institutional legal framework for investment, as well as Find the capacity to raise the level of investment to build,
Millionday: NOTE -- THEY ARE WORKING ON INVESTMENT LAWS IN ORDER TO MAKE SURE THAT IRAQ IS PREPARED FOR ALL TRADE AGREEMENTS -- THIS IS WONDERFUL
Millionday: pointing out that the private sector shares in providing valuable research in this subject through the provision of investment models Jdidh.onoh that the conference,
which was held in Paris also stressed on how to deal with the rehabilitation of the state-owned state-owned enterprises (soes) across Help the private sector to change the ownership of these companies in accordance with the government's economic program to avoid the low productivity in these projects and turn them from consuming projects of wealth into productive projects.
Millionday: NOTE -- THE WHOLE GOAL IS TO MAXIMIZE THE MERGE OF GOV PROGRAMS AND THE PRIVATE SECTOR SO THAT THEY CAN MOVE FROM A CONSUMING PROJECT TO A WEALTH GAINING PROJECTS -- (STORY OF MY LIFE)
Millionday: NOTE -- LET ME SAY -- THIS REPORT IS SO INFORMATIVE -- I MEAN FULL OF INFO THAT WE NEED AND HAVE BEEN BEGGING FOR
Millionday: He noted that the conference stressed the need to integrate the Iraqi economy with the economies of other countries through the creation of economic competition and the use of the experience of successful countries have preceded us in this regard in the Middle East region and to benefit from the economic strategies provided by the Iraqi experts in cooperation with international organizations.
Millionday: NOTE -- THE CONFERENCE IN PARIS IS STRESSING THAT IRAQ NEEDS TO MERGE WITH THE ECONOMIES OF OTHER COUNTRIES OF THE GLOBE -- WHOOPOW
Millionday: Agency for Development also discussed the importance of supporting free economic zones which will be held by the private sector and a broad economic reforms in order to diversify the economy and reduce dependence on oil and gas sector,
as well as seeking to create zones and industrial cities and what the best ways and practices in the establishment to be able to attract investors and give them privileges in the development of exports,
Millionday: and the concomitant strengthening of the framework of the Iraqi investment policies and capacity building, not to mention the creation of job opportunities for the unemployed that all intended to support the economic process, he said.
Millionday: Antoine He concluded by referring to the need for openness of the Iraqi economy on global economies, for the purpose of payment and attract investors and the creation of special economic zones and provide an attractive business environment in order to achieve a balanced development.
Millionday: SO WHAT WE ARE LOOKING AT IS THE RESULTS OF THE PARIS ECONOMIC INVESTMENT CONFERENCE THAT WAS HELD TO DESIGN THE ENTRY WAY THAT IRAQ AND ALL COUNTRIES OF THE GLOBE THAT WERE GOING TO TRADE TOGETHER WERE GOING TO GET IT DONE TOGETHER
AND ALSO COMPLETE THIS WITH ALL REGULATIONS AND LEGISLATION ETC IN PLACE AND WITH THE COUNTRY OF IRAQ READY TO SUCCEED ---
HUGE CONFERENCE AND HUGE HUGE PROGRESS FOR IRAQ AND THE GLOBE WITH SO MUCH BEING ADDRESSED --
Millionday: I LOVE IT
ladywarrior: Hello, when was this conference held?
Millionday: I THINK IT WAS THE LAST FEW DAYS AND YESTERDAY WAS THE END OR EARLY MORNING
Millionday: THAT RECENT
Millionday: I HAVE A REPORT THAT IS ABSOLUTELY HUGE FOR ECONOMIC CHANGE SO LETS READ THE WHOLE THING AND SEE WHERE THEY ARE AS THAT IS WHAT IT IS ABOUT
Millionday: The governor of the Central Bank of Iraq, the relationship, that his country is developing a strategy for the next five-year plan includes the modification of some competent job banks and create some institutions laws.
Iraqi Central Bank was founded in 1947 and it was called then the name of National Bank of Iraq, but it has been modified his name in 1956 to the Central Bank of Iraq and is the main branch of the bank in central Baghdad, and his duties implementation of monetary policy,
and management of foreign reserves, and the issuance of currency management and regulation of the banking sector to promote the system competitive financial stable.
Millionday: NOTE -- CBI IS APPLYING THE NEW BANKING LAWS
Millionday: He Keywords in a special statement to the reporter Anatolia, that "the plan include amending some laws on job banks such as the law of the Central Bank and the Banking Law and the Law on Deposit Insurance in banks as well as money laundering law,"
adding that "some of these laws will complete the legal formulations have others present in the Iraqi parliament.
"And opened a number of foreign bank branches in Iraq in 1956, while the number of Iraqi private banks opened with a little money relative to government banks in the private successive periods after the invasion of the United States of Iraq in 2003.
Millionday: NOTE -- THE LAWS ARE ALL FOR THE ADVANCEMENT OF THE ECONOMY AND THE FIVE YEAR PLAN
Millionday: He said the governor of the Central Bank of Iraq, that "the Central Bank intends to create Some institutions that guarantee citizens' deposits at private banks in order to encourage people to deposit in banks,
and the introduction of modern technologies through complete electronic payment project.
" Experts in the field of economy, the banking sector in Iraq and describes Palmtkhalaf depends on capital does not rise very few global banks or countries in the region, with most of the State-owned banks operating in its dealings with the old systems are still daily.
Millionday: NOTE -- THE BANKING LAWS INCLUDE THE INSURANCE AND ALSO THE ELECTRONIC BANKING/ATMS/INTERNET/WIRING/ETC
Millionday: The governor of the central bank, last Saturday, said that the volume of assets (deposits) Iraqi banks are 225 trillion dinars (192.9) billion dollars, of which 204 trillion (174.9) billion dollars in government banks, by 80% and the rest in private banks.
He denied the Iraqi Central Bank, last week reduced its reserves of hard currency (the dollar), indicating that it covers the Iraqi currency traded at more than one and half times the size, without setting a specific value of the reserve.
Millionday: NOTE -- AS WE SEE ONCE AGAIN IT IS 150% OF THE DINAR VALUE THAT THE RESERVES ARE AT BUT -- THE MOST INTERESTING PART IS THAT THE AMOUNT HAS NOT BEEN RELEASED DUE TO THE EASY CALCULATION THAT WOULD PROVIDE OBVIOUSLY
Millionday: The Hoshyar Zebari, Minister of Finance in the Iraqi government said in February 27 last that the Central Bank of Iraq's reserves of hard currency dropped to $ 68 billion,
which means a decline of about $ 9.7 billion from the level at the end of 2013, a decline of 12.5%.
Millionday: SO AS WE SEE -- PARLIAMENT IS STATING THAT THEY WANT CBI TO MOVE FORWARD SO THAT ALL REFORMS CAN MOVE FORWARD AS WELL –
AND ALSO THEY ARE APPLYING THE NEW BANKING LEGISLATION AND PUTTING THE LAWS IN PLACE AS WELL ---
CBI HAS ALSO STATED THAT THEY ARE WORKING ON THE FIVE YEAR PLAN ACTIVATION AS WELL –
SO AS THEY HAVE STATED IT IS URGENT SO THAT IS WHAT WE SHOULD WITNESS-- ACCORDING TO WHAT WE HAVE BEEN READING --
awesomedtl: with parliament stating to the cbi to make a move,,isnt it up to the cbi to determine when they are going to do it??
Millionday: THEY ARE INDEPENDENT BUT THE LAWS HAVE ALSO BEEN WORKED ON AND THEY NEED TO HAVE THE LAWS MATCH WHAT IS GOING ON –
WITH THE GREEN LIGHT BEING PUBLICALLY ANNOUNCED IT MAY BE TO THEIR ADVANTAGE TO MOVE FORWARD WITH LAWS AND ALSO THE FIVE YEAR PLAN IN PLACE –
THE CITIZENS ARE BROKE AND I BET THAT WAS A PLOY TO ANNNOUNCE THAT CBI HAS THE GREEN LIGHT TO GO FORWARD AND THAT WOULD MEAN FOR THEM TO MOVE FORWARD AS WELL
Millionday: YOU ARE RIGHT HOWEVER AWESOME -- THEY ARE INDEPENDENT