Millionday News 6/18/14 Part 2
Welcome To Wednesday Night News Time With Millionday!
[DinarGroupie] MD BGG said there was an article out today that Turki said 2015 but BGG is skeptical that he means it.
[DinarGroupie] Wanted to know if you saw Turki's statement today and your thoughts on the same
[Dego] Dinar Groupie, I wouldnt be surprised that he will keep everybody guessing if he really said that on purpose, we are not suppose to know...
[millionday] does everyone know i am traveling across the US and I am sitting in the hotel room
millionday] i have not done much research but BGG did so it is in ink -- we however do not think that he would just release the date --- i agree with BGGG
[millionday] so i am going to see what else i have been sent -- brb
millionday] here we go
[millionday] let me say this
[millionday] this is not talking about the release of the reality exchange rate of the dinar -- this is talking about the Iraqi banks going around the globe as well
[millionday] lets look at it and i will show you my opinion of what they are talking about with my translation
[millionday] here is the ink i have from this translation and my opinion with it
[millionday] seeks CBI to improve the banking system to refineries global banks, these Gleam was the province of d. Abdel Basset Turki, speaking to financial experts, business and investment in Lebanon and Iraq in the forum banking organized by the group Economics and Business in Beirut recently.
Turkish identified the period between the end of the year "2014" and the mid-Aam "2015" as the date because the infrastructure of the banking system of
[millionday] the Iraqi completely unprepared to receive all the modern services and advanced in the last application of banking in the world pointing to the support of the Council of Ministers to this trend of by approving a system of banking and coincided with the issuance of the law of electronic signature.
between Turkish establishment of the Central signed a number of agreements are in the service of this goal orientation, especially in infrastructure, retail and credit cards where they are linking electronic all branches with the center in addition to the payments system advanced, which employs Central Bank. said:
[millionday] note -- this was a statement made in Beirut recently and is about the new platform of banking that has been launched recently --- they are saying -- at this point they are not able to make the new platform compliant for the new banking they have done -- because they are not equipped for the electronic signature yet globally
[millionday] It is time for moving the banking work to allow all to contribute to the reconstruction, especially that the solvency of the banks have become able to play an active role to put them at the disposal of investors calling for a return to the traditional role of banks in the monitoring of individual savings to be put at the disposal of the investor
expressing gratitude for the participation of a team of investment authorities in the provinces and workers in the stock market despite the fact that the forum dedicated to the men of finance and business reinforces the role expected to be submitted by the banks to investors.
[millionday] note -- my opinion is that he is saying they are moving forward with what they have and advance as they move forward with the economic reform and the banking reform as it is prepared which is to not have Iraqi banks out in the globe yet but prepared to do global banking within the country ---
which is what the globe was prepared for before this new platform that has been done with banking most recently throughout the globe
[millionday] Turkish focused on the issue is very important in terms of opening the door open in front of the investment opportunities big on condition that this opportunity will be locked completely and wide in the banking sector calling on them to demonstrate the efficiency and seriousness of the biggest of its current.
did not fail the Governor of the Central d. Abdel Basset Turki talking about Alalaqt economic ties between Lebanon and Iraq, especially in the fields of banking, where he said:
We found that Iraq and Lebanon are fully ready now longer pioneers in region in the banking industry, pointing out that the opening to the Lebanese banks to their presence in Iraq will promote this goal on condition that the banks are willing to enter into Iraq has seriously and efficiently and classified by her to contribute to the transfer of expertise needed by the Iraqi banking system
[millionday] note -- my opinion is that Turki is saying that they are moving forward with the banking from Lebanon in Iraq and move forward as planned and end of year and beginning of next to move to new platform to bring Iraqi banks to the globe -- meaning outside the country to other countries
[millionday] praised the role played by the Economics Group and business in the organization of this forum, calling for action to transform the recommendations into the ground to document this relationship to end achieving active participation and joint expressing his hope that the association of private banks in Iraq and the Association of Banks in Lebanon, a group of Economics and Business perpetuating these forums periodically so as to ensure continuous communication.
[millionday] note -- remember that Lebanon has made it clear that they are going to help Iraq with the banking and the training
[millionday] concluded d. Abdel Basset Turki speech by saying we are confident that the future of the Iraqi economy in the near future is very promising and we are confident the efficient management of the business and the money men of Lebanese to work together for the advancement of the role of the Iraqi banking system to support the programs of reconstruction and investment to achieve sustainable development.
[millionday] so Turli is very confident that Lebanon can cover what they are not ready for or dont have set up through their banks and are ensuring Iraqis that they can move forward and are confident it will work as it is and advance again in the end of year to next year
[millionday] oh and.........