Millionday news 1/21/2015 Part 1
Millionday: al-Hashemi, at a time when the country began preparations to face the economic challenges, confirmed the government agencies, including the Central Bank of Iraq readiness to take measures that will improve the economic reality.
Millionday: NOTE -- THE ECONOMIC REALITY IS THE ACTUAL PRICING CALCULATION FOR THE REALITY VALUE OF IRAQ`S CURRENCY AND TRADE
Millionday: READ EVERYWORD>>>
A source at the central bank's "morning" that the bank is considering initiatives and measures mission to promote the development and availability employment opportunities in line with the law and in the light of the financial challenges.
Iraq faces represented a decline in world oil prices, financial challenges as well as the field challenges Kaaduan "Daash" and administrative corruption, unemployment and others.
Millionday: NOTE -- WE HAVE READ TODAY AND YESTERDAY THAT CBI IS TAKING MEASURES THAT WILL PROMOTE THE RAISE IN AVAILABLE JOBS AND EFFECT THE HIGH NUMBER OF UNEMPLOYED
Millionday: HOLD ON TO YOUR HAT
Millionday: He said the central bank's role in Iraq is important economy where he was considering inflation indicators and maintains the stability of the price Currency Exchange, adding that the bank's shares a lot in raising the value of the dinar and modify its exchange rate to foreign currency and access to good rates, especially after
Millionday: that contributed to reducing the rate of inflation, which was present from the two places to rank one decimal place.
The central bank uses the tools direct and indirect of monetary policy tools to maintain stability in the market.
Millionday: SO AS WE SEE WITH THIS REPORT CBI HAS CONFIRMED THAT THEY ARE READY TO TAKE THE MEASURES TO IMPROVE THE ECONOMIC REALITY AND THE BANK SHARES ALOT IN RAISING THE VALUE AND MODIFYING THE RATE TO GOOD INTERNATIONAL RATES AT THIS TIME OF ECONOMIC DEVELOPMENT FOR IRAQ –
Millionday: THERE IS ALOT TO GO WITH THIS AS WELL AS WE KNOW AND I WILL COVER SOME OF IT TOO
Millionday: EVERYONE TAKE ONE SEC AND READ JUST THIS >>>>>>>>>>>>>
at a time when the country began preparations to face the economic challenges, confirmed the government agencies, including the Central Bank of Iraq readiness to take measures that will improve the economic reality.
Millionday: THE GOVERNMENT AND CBI IS STATING THAT THEY ARE READY TO TAKE THE MEASURES THAT WILL IMPROVE THE ECONOMIC REALITY -- MEANING THE ACTUAL RATES AND RAISING THE PURCHASING POWER OF THE DINAR AND ALSO MOVING TO A MARKET ECONOMY AND ALL THAT IS PART OF THE ECONOMIC REFORMS
Millionday: THE GOVERNMENT HAS NOT ANNOUNCED THIS BEFORE AND CBI STATED WHEN THEY STARTED THE PROCESS IN STEPS WHEN THE PRIVATE BANKS STATED THAT THEY WERE READY--
THAT THEY WOULD WORK TOWARD IT IN STEPS AND WHEN CBI STATED THAT THEY WERE READY –
THEY SAID THAT THEY WERE READY TO APPLY THE INTERNATIONAL RATES AND RAISE THE PURCHASING POWER WHEN THE TIME WAS RIGHT
Millionday: NOTE -- THIS IS HUGE AND WOULD NOT BE POSSIBLE WITHOUT A MARKET ECONOMY AND ACTIVATION OF THEIR TRADE DUE TO THE AMOUNT STATED HERE
Millionday: Economic expert said that the Iraqi economy will see a relatively higher growth in the middle of the index this year and will continue into the coming year 2016.
The economist said Manaf Sadiq "the Iraqi economy will grow in the coming months, particularly from the middle of this year, by (5.2), while the global index will grow by (2.3), either in the developed countries and in the best cases will not exceed (3.1 ).
Millionday: NOTE -- THE EXPERT IS SAYING THAT BY THE MIDDLE OF THE YEAR IRAQ WILL GROW BY 5.2 AND ALSO THE OTHER DEVELOPED COUNTRIES WILL ALSO RAIS IN GROWTH UP TO 3.1
Millionday: READ EVERYWORD OF THIS >>>The expert added that "the international indicators of the Iraqi economy this year and the next year will be high in the international estimates,
as a result of the political paths pursued by the new government and to strengthen the international community confidence in the Iraqi government through a series of events in addition to the diplomatic openness that was his impact more important."
Millionday: specialist financial affairs demanding the importance of activating the Association of private banks in Iraq, an initiative aimed at financing major projects of the capital of private banks for their role in achieving the economic feasibility of Bld.oukal Hadi Hndas in an interview for the "morning" that the initiative had been provided for the adoption of model New lending is designed to eliminate the funding problems that caused the stop a lot of production and service project
Millionday: NOTE -- CALLING FOR THE BANKING TO ACTIVATE THEIR ROLE TO START STRATEGIC PROJECTS –
Millionday: NOTE -- THE ADOPTION OF THIS ACTIVATION IS FOR THE FUNDING MODEL FOR THE PROJECTS
Millionday: Almanmh.ccant similar initiative studied by several banks to set up a sovereign investment bank lends strategic projects that the public banks in common by a certain post.
He pointed out that the mechanism of the new funding depends funds of private banks that contribute to the formation of a special capital of the process of capital are managed by a committee or a bank is chosen to adopt this task.
Millionday: SO THEY ARE STATING THAT THE MECHANISM IS NEW FUNDING THROUGH PRIVATE BANKS THAT HAVE THE ROLE OF FORMATION OF SPECIAL CAPITAL –
THIS IS THE ROLES THAT WERE GIVEN TO EACH BANK IN THE BANKING REFORM AND DEVELOPMENT
Papatom: so there is going to be a soverin lending bank, made up of a conglomoration of other banks..to spread the liability of large strategic projects and they will choose one bank to manage this group????
Papatom: isn't that like the program that the US used for accounts to large for FDIC????? spread the liability out over several banks???
Millionday: THEY HAVE A DEVELOPMENT BANK THAT THEY SET UP AND THIS WILL BE FOR THE LARGE FUNDING AND ALSO THEY HAVE CALLED FOR THE MEDIUM AND SMALL AS WELL IN ANOTHER REPORT WE HAD TODAY –
SO THE POINT OF THIS WOULD BE THE CALL FOR THE ACTIVATION OF ALL THE ROLES OF PRIVATE BANKS GIVEN
Millionday: Hussein Tgb several options posed by economists to supplement the federal budget alternative for oil financial resources, aiming the same time to achieve economic development, and this is what he is looking country in the coming period,
which you need to tune a serious and real between the public and private sectors to create an atmosphere of cooperation deal with problems in the production and service sectors and gradually.
National Business Iraqi Council member David Abdul Zayer and these options occurred believes that addressing the economic problems experienced by the country requires serious cooperation between the government and the private sector,
pointing out that the latter has Many proposals to run out of the financial crisis on the condition that there be serious trends for the advancement of the country's economy.
Millionday: NOTE -- THE SAME TIME THEY ARE ACHIEVING ECONOMIC DEVELOPMENT THEY ARE ALSO DEVELOPING THE PRIVATE SECTOR FOR DIVERSIFICATION-- SO ALL AT ONCE
Millionday: investment advantages , said in an interview for the "morning": that the Investment Law No. 13 of 2006, as amended, provides a great investment advantages for investors in the forefront of providing free land and this is what does not in any investments universal, noting that although it does not have a real job in the field of investment,
noting that there are flaws in it for other aspects of complementary. Zayer pointed out that the investment the most important doors that achieve economic development and supports the state budget through the promotion of production and services that must be provided in Iraq,
with the availability of the ingredients for success industrial, agricultural and tourism investments, as well as service.
Millionday: NOTE -- THEY HAVE AMENDED THE INVESTMENT LAW THEY HAVE BEEN WORKING ON SO IT IS READY AND OPENS DOORS TO USE LOANS FOR INVESTMENT
Millionday: a new philosophy and pointed to the importance of giving the private sector a leading role in the economic development process, pointing to the importance that the general budget adopts new philosophy through the presentation of all investment projects in the ministries and institutions as investment opportunities and turning allocations for projects to loans repaid in the form of payments,
departing from that investment companies come the heads of their money to work in the country to have to get some loans from the sector Almusrfa.ocd Zayer that the projects implemented by the private sector according to the installed specifications in the indictment and administered be less in costs and more efficient in the services they offer,
Millionday: NOTE -- THE NEW PHILOSOPHY IS THAT PROJECTS ARE A HUGE INVESTMENT DUE TO THE LOANS --REVENUES
Millionday: NOTE -- THIS IS THE SERVICE SECTOR SO IT ADDS TO DIVERSIFICATION
Millionday: noting that the private sector is bound to achieve the target at the lowest cost, and thus employ financial allocations in the right direction, adding that the supervision of the private sector on the implementation and operation be sustained because the disruption presented to the losses and this is contrary to its principle at work.
Between The work in this direction to achieve economic viability of the country and the companies implemented in different types of projects, if we know that the volume of investment in the country's large and needs to be a concerted effort to create an attractive work environment for capital and global effort evolving.
Millionday: NOTE -- THE PRIVATE SECTOR WILL BE A HUGE PART OF THE DEVELOPMENT DUE TO THE WORK THEY WILL BE DOING WITH INTERNATIONAL INVESTORS AS WELL –
THIS ATTRACTS FINANCIAL INVESTMENT AS WELL IN THE COUNTRY
Millionday: NOTE -- NOTICE THEY ARE ALSO STATING THAT THE PRIVATE SECTOR IS WORKING TOWARD ACHIEVING ECONOMIC VIABILITY -- STABILITY
Millionday: useless taxes and the mechanisms which support the budget said Zayer the presence of more than one supplier Mali, citing tax on condition organization, said the cars described otherwise viable in its current form tax but must be taught Thread well,
especially as the country where nearly 5 million vehicles must be matched by 5 million people have the vacation market, suggesting that the tax on the annual renewal of the vacation market annually or every two years and imposes certain amounts starved general budget of the heads of big money,
as well as forcing car owners insurance on their car, health insurance and thus move away from the corruption measures that accompany the tax imposed on the sale and purchase operations, which can be overcome by legal means.
Millionday: NOTE -- WHAT THEY ARE SAYING WITH ALL OF THIS IS THAT THE PRIVATE SECTOR IS GOING TO RAISE THE GDP WITH JUST THIS MUCH -- CARS INSURANCE ETC ---
Millionday: Financial revenue Zayer questioned in end of his speech about the fate of fiscal revenue outside the federal public budget obtained by the country since 2004 to 2013, which are large sums of money to the country can be employed in the face of the current circumstances to address the financial problem faced by the country.
It was Zayer had suggested in an interview earlier included budget 2015 introduction of all the projects proposed by the ministries provided to include the clause regulated under the protocol with the States Order term and the repayment through oil shipments a year after the Protocol.
He said that this measure can compensate the absence budget of investment allocations after he stopped all projects in 2014 for not approval of the federal budget, and that this mechanism will help in reducing the general budget and operating expenses that may be up to 20 percent to the fullest extent.
Millionday: SO THIS IS ALSO THE SECOND TIME THEY HAVE BROUGHT UP THE BUDGET AND HOW INCLUSIVE IT IS -- NICE
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