millionday news 7/23 Part 1
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[millionday] In line with the goals aimed at creating legislation and banking regulations intact to provide the appropriate environment for the banking industry, he stressed economic expert on the need to apply the strategy of banking reform prepared by the parliamentary Finance Committee in the previous session of the House of Representatives.
has developed a Committee of this strategy that came out several proposals, notably the diversification of products and services for the banking sector, develop and create new products that meet all customer needs in the sectors of individuals and institutions,
as well as expansion in the development of electronic distribution channels that provide services to customers in the right time and place for them, by increasing the use of technology banking This area,
[millionday] NOTE -- THIS IS THE CALL TO ACTIVATE THE ENTIRE BANKING REFORM
[millionday] along with promoting the concept of (quality management) and integrated into the banking operations represented by the planning, implementation and ongoing development of quality management systems to work according to international standards.
economist said Tawfiq inhibitor for the "morning": that "the economy is the facts and figures that the real challenge is global in time present is to build a solid economy and the establishment of balanced economic development and integrated rise and the economic and social reality. "
[millionday] NOTE -- THEY ARE SAYING ALL CONCEPTS THAT HAVE BEEN PASSED AND PREPARED IN THE BANKING INDISTRY ARE READY
AND THEY ARE CALLING FOR THE ENTIRE BANKING REFORM TO BE ACTIVATED AND UNDER INTERNATIONAL STANDARDS
[millionday] He inhibitor that the most important pillars and foundations of the Iraqi economy is the banking sector, especially given that his current role in Iraq ineffectual and effective and closer to neutrality, calling for the application of the strategic reform of the banking sector in all aspects and restructured way that achieves the economic development aims to revive all sectors of the state.
[millionday] NOTE -- THIS IS TO STRUCTURE ALL NEEDS OF IRAQ -- IN ALL BUSINESS AND ALL NEEDS -- BANKING INTERNATIONALLY AND ELECTRONICALLY
[millionday] expert considered that the legislative environment constitute a constraint select Banking Law No. 94 of 2004 with 50 active only, while in the countries of the world close to 200 activities and the Gulf states 260 active,
explaining that international banks contribute to the processes to develop the skills and practicing their performance line parallel to the banks, the general government.
[millionday] NOTE -- THEY WILL USE ALL THE INTERNATIONAL BANKS TO ENSURE THEY ENTER THE GLOBE AND PRATICE THEIR BANKING REFORM CORRECTLY –
AS WE KNOW THE DEVELOMENT BANK IS READY AND WILL BE A STOP ALL FOR BANKS TO ENSURE THEY KNOW WHAT TO DO WITH ALL NEW PROCESSES
[millionday] Under development orientations and goals in the new Iraq and build its future economic and social booming, it has initiated the parliamentary Finance Committee in the previous session of the House of Representatives to adopt the reform of banking legislation in force with the participation of the central bank and the government and private banks The experts and specialists and international institutions supporting.
[millionday] NOTE -- IT HAS INITIATED THE PALRIAMENTARY FINANCE COMMITTEE TO MAKE SURE ALL GOES RIGHT WITH CBI GOV AND PRIVATE BANKS
[millionday] has confirmed that the Finance Committee need to find legislation banking commensurate with the evolution and needs to banking services, and the need to use modern systems, as well as giving a greater role for private banks as well as government banking sector.
attributed the reasons for the development of the banking sector in Iraq to the slowdown in the issuance of legislation is working on moving the wheel of reform, and blurred visions and economic policies and to coordinate fiscal and monetary policies, as well as approving the plans for reform away from the views of specialists and banking experts
[millionday] NOTE -- THIS IS THE ANNOUNCEMENT OF THE DEVELOPMENT OF THE BANKING REFORM AND ALL POLICIES INCLUDING THE MONETARY POLICY
[millionday] as well as legislation and laws and regulations in force which has been reluctant work of banks and limit the expansion and development, as did not allow scope for the banking sector to serve the investment and funding under the retention of banks liquidity is high.
Committee stressed in its report that the reform is the creation of a banking system capable of mobilizing financial resources and the re-allocation and improve the efficiency of the service of economic activity in order to achieve high rates and sustained economic growth.
[millionday] SO THEY ARE SAYING THIS IS TO EXPAND THE NEW IRAQ AND MOVE FORWARD IN ITS GROWTH THAT HAS BEEN PLANNED
[millionday] Hussein al-Tamimi Tgb approved a General Authority of the Association of private banks in Iraq modified the rules of procedure of the Association during the extraordinary meeting attended by the majority of banks.
took place after the elections, new administrative board of the Association in the presence of a retired judge, Saleh al-Jubouri and Advocate Legal Association Mohammed Kadoorie and Advocate Legal Service organizations in his personal capacity, Basil al-Musawi .
[millionday] NOTE -- THIS IS GOING TO TELL YOU THE RESULTS OF A MEETING
[millionday] won membership of the new body both banks of Assyria 20 votes and the 11 votes in favor and Sumer 11 votes and United to invest 10 votes and Huda 10 votes and Al-Ahli 10 votes and Investment 10 and development 9 votes and Warka 6 votes and across Iraq 6 votes and Mosul 5 Voices.
elections were held atmosphere of transparent agreement was made on be a bank Warka and Mosul members of reservists and the remaining original.
gave Managing Director of the Bank of the UNESCO International President of the Association speech in which he expressed his thanks and Amtnnah participants and spiritual cooperative that prevailed in the atmosphere of the elections.
[millionday] Adnan al-Chalabi said new administrative board has an intensive work program in line with the instructions and procedures of the Central Bank Iraqi and aimed at developing the performance of the banking system to rise to the level of the requirements phase.
was the General Association had decided earlier in the formation of a special committee to amend the law on association comprised of legal experts and bankers that led to the draft amendment, which passed yesterday.
[millionday] THIS IS THE Internal rate system and a new administrative body of the Association of Banks THEY HAVE PLACED ALL PERSONS THAT WILL TAKE PART IN THE BANKING REFORM -- THE ADMINSTRATIVE BODY OF THE BANKING SYSTEM
[millionday] THE BIG DOGS HAVE BEEN PLACED
[slh5282] Is this group functioning link the fed reserve or our national banking system?
[slh5282] Or does the us not have a banking organization that functions in this manner?
[millionday] slh5282 THIS IS THE ADMINISTRATORS FOR IRAQ AND IS A PART OF CBI THAT COMINUCATES AND BRINGS TOGETHER ALL BANKS WITHIN IRAQ FOR INTERNATIONAL BANKING AND THE REFORM THEY HAVE DRAWN UP AND APPROVED
[millionday] THIS IS WHAT IT DOES IN CHINA
[millionday] WHICH IS THE CLOSEST SYSTEM SET UP WITH THEIR LAWS AND BANKS ECT
[millionday] The People's Bank of China (PBOC) is China’s central bank, which formulates and implements monetary policy.
The PBOC maintains the banking sector's payment, clearing and settlement systems, and manages official foreign exchange and gold reserves. It oversees the State Administration of Foreign Exchange (SAFE) for setting foreign-exchange policies.
[millionday] SEE THE LAST PART -- THAT IS WHY WE ARE EXCITED
[millionday] THEY OVERSEE ALL APPLICATIONS OF LAW AND POLICY
[millionday] THIS IS ABOUT THE ECONOMIC LAWS
[Plowboy] watch out for that screen door, Grandma, you;ll strain yourself
[dovi] Whoopow ! ! ! !
[millionday] Noted economist of the importance of partnership public and private sectors to invest in the establishment of infrastructure projects and services in the country, and to benefit from international organizations that offer its goals, to achieve the goals of sustainable development in the country.
economic expert and member of the Chambers of Commerce, Abdul Salam al-Qaisi said "morning" on the importance of economic development in the country,
by forming a team of private and public sector to study the economic laws posed by the Secretariat of the Council of Ministers, and involve them and benefit from their expertise in the fields of economy.
[millionday] saw Qaisi need for participation of both the public and private sectors and contribute to the development aspects of the state, as in the experiences of developing countries medium, for the advancement of the five sectors in the country (industry, agriculture, tourism, trade, and services).
referred to the bill the partnership between the public and private sectors are still in the corridors of the House of Representatives has not seen the light yet
[millionday] THIS IS SAYING THAT THE PARTNERSHIP ECONOMIC LAWS AND REGULATIONS HAVE NOT BEEN PUBLISHED YET
[millionday] THEY ARE FORMING A GROUP OF EXPERTS TO ENSURE IT IS ALL PUT IN PLACE IN THE MOST BENEFICIAL WAY FOR THE NEW IRAQ
[millionday] THIS IS ALL AOUBT THE IMPORT LICENSING
[millionday] Iraq is seeking to reduce the phenomenon of indiscriminate import which caused great damage to the national economy through the chaos that accompanied the smooth entry of those goods to local markets. ,
and as a policy process to support the national economy began the General Company for Trade and business services work on holiday import in July 2012 for control of the materials entering into the market and determine the specifications and quality commensurate with the standards of Iraq.
In this regard, said General Manager Sadiq Hussain Sultan that after two years of work on holiday, import we could limit the indiscriminate import and control the flow of goods in accordance with the requirements of the market.
[millionday] NOTE -- THEY NEED TO BE ABLE TO SELL WHAT THEY PRODUCE AND THEY HAVE PUT LIMITATIONS ON WHAT COMES IN BY WHAT THEY MANUFACTURE --
[millionday] decided Ministry of Commerce on June 30, 2012 to cover all imported materials vacation under import, which includes all goods that are imported, whether medical or service, food and luxury without exception.
said in a statement to the (morning) that the work register the import provided protection for the consumer and that of by placing strict conditions on vacation import had to subdue all imported materials for tests approved by the authorities viewfinder Iraqi and compliance with specifications standard.
[millionday] NOTE -- THEY ARE APPLYING THE IMPORT LAWS THEY PUT IN PLACE
[millionday] required the introduction of import license all traders and importers to obtain a license for each type of goods after it was allowed to supply more than one item within a list one and this is what he sees are interested in positive point is to protect the consumer to put an end to the import random FMCG non-conforming.
confirmed Sultan that he has been set and the identification of the goods, which prevents the import due to security or health or social,
in addition to regulating the activity of the private commercial sector the way they contribute to the the growth of the national economy and prevent monopoly through the distribution of amounts awarded in each import license for private sector trade fair and directed towards the importation of goods good and necessary for the country and origins good.
[millionday] NOTE -- THEY ARE APPLYING CONTROLS SO THAT THE BEST IS DONE FOR THE ECONOMIC BALANCE OF THE COUNTRY
[millionday] NOTE -- THE LICENSING HAS BEEN CHANGED TO INCLUDE ALL IMPORTS EVEN IF IT IS FROM THE SAME COMPANY –
MEANING THE VARIES IN PRODUCTS SO THAT IRAQ CAN MANUFACTURE AND ALSO GROW THEMSELVES
[millionday] , and pointed out that all the materials are allowed to be exported, except those prohibited by the relevant sectoral or from the Committee on Economic Affairs Council of Ministers.
Iraq has exported raw materials Kallioraa and sulfur, leather, wool and phosphate salts, alum and sulfur sponge, along with types of dates and amounts of rice amber and so on. ,
and what if it does not match the imported materials with the terms of the license said Director General said that the border crossings and customs obliged to enter imported materials and as Sticky vacation import of proven item Customs your article, otherwise are not taken to the introduction of the article.
[millionday] NOTE -- ALL EXPORTS ARE BEING OPENED UP FOR A MARKET ECONOMY –
THIS WILL ALLOW THE PRIVATE SECTOR AND THE GOV TO GROW -- WORLD ECONOMICS AND TRADE
[millionday] NOTE -- THIS DOES NOT SAY WHEN
[millionday] , and on the company's projects related to the development and the reality of import between Sultan said the company is now working to complete the requirements to apply single window system at the completion of the transaction,
as well as coordination with the customs and border crossings In order to connect the system to issue import licenses for the purposes of monitoring and speed of delivery and to avoid fraud in the import licenses. worth mentioning that the local market has recently seen stable in the types and specifications of imported goods as well as the emergence of goods characterized by quality, compared with the preceding work on holiday under import.