Aggiedad77: Good find WS, (See Article Below) we continue to see strong evidence I think of efforts on both sides...from the CBI and the private sector banks to come together in unison to provide a more controlled environment for all banking interests....an effort that will greatly help the state of the economic crisis at the moment creating new loan opportunities, new jobs, and allow for an influx of money throughout Iraq....
The government laws and acts that were mentioned in the news summaries earlier today also help in bolstering this effort between public and private Iraqi banks....rebuilding trust and faith in the economic model for Iraq that will allow them to walk away from this crisis and be seen as a strong leader in the coming future....
The wheels turn slowly...but I do believe they are turning in the direct of our interest. Aloha Randy
Frank26: LAWS that will protect the MR are over 1000 of them also ..... Waiting.
w8tn4it2rv » JUST A WILD GUESS..... ARE THE LAWS WAITING FOR FUNDING?
Frank26 » The 23 to Feb 3 is .......... The Now! KTFA Frank
walkongstick :Coordination and control are important factors for the development of the economy
Proactive banking procedures that prevent errors
BAGHDAD Mustafa al-Hashemi,
after the Central Bank of Iraq announced that he is considering initiatives and actions are important for the promotion of development and job creation in line with the law and in the light of the financial challenges, the President Association of private banks in Iraq and Wadih Handal said the central pay attention to the initiative made by the Association for the development of the banking sector and the work of banks and nurtured to play a primary role in the economic development and access to the desired end represented by the role of the directorates of control over the banks.
He added that it is the backbone and directed the President, and the practice of Proactive control, supervision and prevention in order to avoid falling into the errors that may affect the case of aggravation to damage the reputation of In general the banking sector and questioning effectively Central Bank in this regard.
The relationship with the banks
, said Handal told the "morning" that the central bank expressed interest in this subject "and seeks to rebuild the relationship with the banks on a new basis check the common interests of all parties through the consolidation of the concept of consultation and coordination and consolidation exercise the role of preventive censorship calendar and focus on the key risks in the interest of real protection to the work of banks, which avoided falling into the adverse credibility caveats and then the reputation of the banking sector. "
He said the issuance of a letter from the central bank thanked the governor, Dr. Ali Keywords Association on this important initiative, which reflect the desire of the Association in the development of the banking sector and the work of banks in Iraq through cooperation and coordination with the Central Bank of Iraq.
He Handal to take several steps to support this approach by saying: "We have taken a number of actions and decisions that support our approach, and we will continue with this approach, and we are still working to complete this half down to build a positive relationship strengthened the role of the banks. "
banks play a major role in the economy as the body which funds various projects, whether medium or small by providing loans to projects which contribute to create jobs or jobs which would reduce unemployment and provide additional incomes for families, reinforcing steps Iraq's progress towards prosperity Alaguetsada.wabdt Association satisfaction with these statements about the initiative, especially as the country is undergoing a significant and near approving the budget and blessed CBI steps important in this regard.
The government program and especially the false axis private Thirdly encourage the shift to the private sector and paragraph (d) thereof, which defines tracks and public mechanisms for the development of the banking business, pointing out that they need to make great efforts of the relevant government agencies in the private banking sector to overcome challenges and obstacles to reform and development of the Iraqi banking sector.
emphasizes the importance of strengthening the role of pre-emptive censorship to curb laundering and smuggling money experts, and develop a proactive plan to address the financial collapse that may suffer from some private sector banks because of the current circumstances until surpassed by the year 2015, and argued the need to develop programs for continuous cooperation between the government and private banks with unification treatment of the parties and to develop new criteria for the classification and evaluation of banks in the light of the financial indicators and measuring the efficiency of their performance and their role in contributing to economic development.
He returned Handal to acknowledge that the Association in constant contact with the central bank During her seminars and workshops designed to develop the banking business, reminding that the most recent The symposium (brainstorming about the performance of the Iraqi economy - the possible options) which was attended by Minister of Planning and Salman Jumaili and Director of the Office of Prime Minister Mahdi Keywords and representatives of the Iraqi Central Bank and Ministry of Finance and Investment Authority and economists and the Association of private banks in Iraq, which has participated as a speaker president in the event .
gave the President of the Association meek Handal speech in which he referred to the most important steps the government has taken an Iraqi private banks to grant immunity against obstacles and interference from some quarters that hamper their work, especially its role in the fight against unemployment and poverty.
R.V. / GCR January 24, 2015 at 4:44pm Still looking for trades to start......not today....go outside and play
R.V. / GCR January 24, 2015 at 5:04pm This is still phase Three.....
Austin-Powers-For-PM > R.V. / GCR January 24, 2015 at 5:06pm How many phases are we looking at?
R.V. / GCR .1….2....3....4....currencies.....5.....6....7.......phases......
R.V. / GCR January 24, 2015 at 5:02pm We are in meetings on Monday the predication is to design how to put together the financing for trade I'll let you know after I go to the post office. It may be a great day. But tomorrow night should be more forth telling.
[xyz] Parliament votes on 1st reading of Law cancels decisions of Revolutionary of former regime regarding Kirkuk http://www.alliraqnews.com/en/index.php/political-news/63547-parliament-votes-on-1st-reading-of-law-cancels-decisions-of-revolutionary-of-former-regime-regarding-kirkuk.html
[xyz] Iraqi dinars: Wacky investment? http://www.cnbc.com/id/102318868
[xyz] Delegation Anbar Ijmta with Biden and a number of officials in the US administration http://www.faceiraq.com/inews.php?id=3453245
[xyz] cbi: Iran moves away from US dollar in foreign trade topping mutual settlements in $ with foreign countries and agreements on bilateral swap in new currencies will be signed in the near future
[xyz] the Central Bank of Iran (CBI) has said. “In trade exchanges with foreign countries, Iran uses other currencies, including Chinese yuan, euro, Turkish lira, Russian ruble and South Korean won,” Gholamali Kamyab, CBI deputy head, told the Tasnim state news agency.
He added that Iran is considering the possibility of signing bilateral monetary agreements with several countries on the use of other currencies.
Kamyab believes bilateral currency swap agreements will ease trade and economic transactions between Iran and other states. http://rt.com/business/225919-iran-switches-from-dollar/
[xyz] Saleh: Economic Affairs proximity of key economic laws contribute to the recovery of the Iraqi market and investment opportunities. http://translate.google.com/translate?depth=2&hl=en&rurl=translate.google.com&sl=ar&tl=en&u=http://8th-day.com/%3Fp%3D93286%25E2%2580%258F&sandbox=0&usg=ALkJrhiKdjbPMJg
BigDog-OH: sczin11 NO ONE SAYS IT IS DELAYED...IT IS A VERY COMPLICATED PROCESS, AND A VERY DETAILED PLAN TO EXECUTE.
THE PROCESS, HAD TO BE ESTABLISHED...AND THEN YOU HAVE THE MALIKI CREW TO BE DEALT WITH...
WE ARE IN A GREAT PLACE, AND SHOULD ALL BE PROUD OF WHAT HAS BEEN ACCOMPLISHED THUS FAR...DR. SINAN AL SHABIBI, IS WAITING FOR THE CALL TO DUTY!
BigDog-OH: wmawhite Iraq has told us that they want to join the world financial markets...and they want investors...in order to do both Iraq via the CBI has to promote confidence in the IQD...to do that the CBI needs to add value to their currency.
BigDog-OH: Tlar One thing I have always thought is that any change in value will have to come just before the budget is printed in the Gazette.
If that is true then it follows they can't pass the budget without first changing monetary policy.
If this is true then it might answer the question of why the budget is taking so long to fix. Iraq seems determined to pass this budget quickly and all parties are on board, but to make the changes and modifications should not take weeks as it has done already especially in light of the fact that they are in such a hurry.
Word processors should be able to do this overnight. Not take weeks. Something else IMO is holding up the vote and I think its the rate.
Both readings are done leaving only the vote but they keep putting it off.
My personal opinion is that the hold-up is the rate and we won't see a vote until we see monetary change because IMO the budget cannot be opened at 1166. As I say this, we all know this is Iraq so we know they CAN open it at 1166 but IMO they won't.