Millionday news 6/21/13
[millionday] Association of Iraqi banks confirmed its continuing quest to reduce the exchange rates of the dollar against the dinar, through the mechanisms of joint cooperation with the Central Bank of Iraq, where organized daily meetings between representatives of the private banks and specialists in the central bank.
The head of the Association of Iraqi banks Adnan Chalabi, in an interview (morning): that the initiative of the Association of private banks at the invitation of private banks to reduce the dollar exchange rate contributed to the decline gradually exchange rates,
although relatively, pointing out that the mechanics work painted with by the Central Bank and the Association heading access to the exchange rate of the dollar against the Iraqi dinar to normal rates.
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[millionday] Cooperation Association and the Central He added that the three banks have responded to the call and began Association since last week to sell the dollar to citizens at 1183 instead of 1189,
pointing out that the banks of Assyria, Baghdad, and Huda responded to the calls launched by the Association in collaboration with the Central Bank of Iraq.
He pointed out that 25 banks waged an extra start this week to sell the dollar new price (1183), and thus the number of private banks, which reduced the dollar exchange rate (28) banks, pointing to higher this figure even further to include all local banks and branches of banks operating in the country .
[millionday] note -- remember they are also checking their data system this is wonderful to hear with the meetings everyday
[millionday] The stability of the financial sector He Chalabi saying: that the stability of the financial sector need to achieve economic development, and that any problem taking place in the banking sector civil adversely affect the overall economic process,
reaching impacts to the prices of goods and services related to the economy of the family and contributes to the rising dramatically, stressing that the private banks have working relationships with international banks and the World Bank and that any defects or problems are traded through the media inaccurately affect this relationship and makes those banks reconsider Bmassarva of the private.
[millionday] note -- see checking for any problems -- this we expected
[millionday] He pointed out that the negative effects do not stop at this point, but up to the investment sector where you find that the capital looking for a sector money stable could provide great services to investment companies, especially as the country in dire need of the efforts of specialized international companies to implement projects strategic large in all provinces country.
[millionday] so they are saying no matter what -- at this point they are going forward and the responsible office -sector will have to deal with issues this is a smile
[millionday] New initiatives The Executive Director of the Association of private banks in Iraq, Abdul Aziz Hassoun said that the initiative to reduce the exchange rate of the dinar against the dollar is the first and will be followed by new initiatives in collaboration with the Central Bank of Iraq in order to support all economic sectors.
He pointed to the importance of concerted efforts to stabilize the exchange rate of the dollar, which requires that the media more active role in the transfer of the facts about the mechanisms of action of private banks in the country, pointing out that the banks civil economic asset must be preserved,
and it operates under the Central Bank, Indicating that the private banks entered the field dollar selling prices in order to reach natural for the disbursement of the dollar against the Iraqi dinar.
[millionday] is the first -- love it note -- in other words they are teaching the citizens through television that is where the info will be coming for them
[schmidtberger] millionday ....do citizens have tv??
[millionday] and as we remember they set up huge screens to televise or use media to teach at mosque
[LBnFL] millionday does that mean first priority? or something else?
[millionday] those who dont which alot do are informed in the square on fridays
[wmawhite] schmidtberger ........every coffee shop, every diner, etc.
[millionday] that means first in the process the first priority would be a yes as well -- the plan is it needs adjusted first
[millionday] He pointed out that private banks are the infrastructure of the local economy, pointing out that they broker through which the process of foreign exchange in accordance with requests of Commerce, which employs to import various goods,
which requires follow-up merchant who requested the money, because the private banks operating under the Central Bank that benefit transfer money and claim permits the entry of goods merchant and merchant here who is responsible for Securities provides.
I think the adoption of the portal, which is a remedy for the confusion in the process of winning money transfer business because he accomplished in a short period of time where you can link between all the relevant departments of Customs, taxes, and other banks.
[millionday] so as we see --- all at once in order for it to be done right and successfully meaning that the retail store of currency is the private banks
[millionday] as i have reported -- the largest product a country has is its currency and there they are talking about the many avenues to sell it including the stock/currency market
[millionday] this is about global integration of banking
[millionday] As a member of the Association of private banks in Iraq and Wadih Handal noted that the initiative confirms that private banks support the stability of the exchange rate to activate the reality of their work, pointing out that most of the private banks have dealings with the largest international banks, including Citibank and obvious Morgan and other banks with international reputation,
as Light the World Bank channels with private banks, and this in itself requires the banks to organize their work and strive to develop the mechanisms of action and reach out to the world in the provision of services.
millionday] meaning the services that come from international banking -- this includes interest ect ect
[millionday] it is a product and their job in the economic reform is to sell it and make it as valuable as they can for stake holders as with any business notice -- again wouldnt say the date but this is a test run of a change
[millionday] He said the central bank has promised to lift quotas banks of the dollar civil initiated by banks to reduce exchange rate (1183), where it comes from the door of activating cooperation between the two parties. He pointed out that the sale of the dollar to the citizens not specify a timeframe but continuously ceiling to get to the normal rates for the exchange rate.
[millionday] last of the report>>>>>>>>>> The representative of the Central Bank of the supervisor of the sales process Mohamed Mohsen pointed out that the sales process at the Bank of Baghdad, one of the banks that reduced selling prices in a transparent and as instructed by the central bank,
did not indicate any irregularity to the day after the adoption of the new mechanism, is also selling the dollar in isolation from sections bank a positive step, do not confuse the services provided to the customer. He noted that the receipt of applications and the announcement of the names by tables systems the process of selling the dollar and make it go smoothly high.
[millionday] so this is saying that the entire system seems to be working well as reported by bank of baghdad -- again shows they are running test runs of changing data brb with more
LBnFL] millionday Saw a reference to a Parliament meeting today. Thought was out till Sat. Any truth?
[millionday] no they are not out until saturday that i have heard they should be working on the basket of laws i will recheck though hun through this news tonight
[millionday] MP Jawad Albzona, the importance of the conclusion of the economic agreements with the European Union to strengthen Iraq's relations with economic and trade relations with the European countries.
And said Albzona statement news: that Iraq signed a set of agreements with the European Union during a visit by his to Baghdad Representative, noting that the agreements that specializes in the fields of energy, trade and military might, and this will strengthen Iraq's economic relations with the countries of the world.
[millionday] He added that the country needs these agreements that the infrastructure is almost to be collapsing because of the circumstances that have passed on Iraq during the past years, he needs to experience foreign to train national competencies and the development of economic sectors and benefit from the marketing of some local products such as date palm and the other to Europe.
The representative of the European Union, Catherine Ashton, visited Baghdad during the past few days and met with Iraqi officials. [millionday] so in other words they have to hurry up
[millionday] they lost tons of dates last year i am sure they dont want a repeat of that brb with more
millionday] Within the endeavors pursued by Iraq in reforming the economic sectors, the adoption of a system restructuring public sector companies, especially air transport sector, has announced the Ministry of Transport, said that foreign companies had made proposals for the restructuring of Iraqi Airways, at the same time, said economic adviser:
The process of restructuring of the company is a good thing and is one of the themes of reform in the transport sector of Iraq.
He added advisor at the Iraqi Institute for Economic Reform, Dr. Ahmed al-Husseini told (morning): restructuring should take place on a larger number of sectors, including the transport sector to exchange experiences and administrative systems and cutting-edge technology to contribute to the development of the reality of this sector, especially air transport and aviation.
[millionday] the iraqi airlines restructuring will bring many jobs to the citizens
[millionday] that is great and also will be a huge help to the economic condition and the transportation sector will fill another sector growing for their compliance with the wto requests
[millionday] very good and the size of with the plans they have laid for iraq of the airport should be huge and much larger then now -- think of how the market will boom there when the door opens
[millionday] and it will continue to grow so the airlines will have to as well they also have all of those connecting roads being built -- huge changes in transportation i am sure brb with more
[millionday] ok cant wait any longer here comes the whopper of the night smile
[wmawhite] millionday do it!!!!
[millionday] With the start of the countdown to the withdrawal of Iraq from Chapter VII, confirmed the parliamentary committees over the benefit of Iraq to get rid of these sanctions, expressing optimism about this important step, which promised a victory would return Iraq to its flagship on the international scene in all fields.
And recommended UN Secretary-General Ban Ki-moon in his report to the Security Council, remove Iraq from the provisions of Chapter VII after Ivaúh all its international obligations. is expected to vote on the Security Council to remove Iraq from Chapter VII on June 27 after the current Iraq's commitment to the implementation of all UN resolutions, according to sources Knowledgeable for "Center Brief for the Iraqi Media Network."
These recommendations are an important achievement calculated International successful foreign policies of the government. These recommendations emphasize the UN that Iraq returned stronger than the events of 1990, which saw the occupation of the dictatorial regime of the State of Kuwait.
[creativethinkersclub] whoooooooooooooooooooooooooooooooooooooooooooooooo oooooooooooooooop whoooooooooooooooooooooooooooooooooooooooooooooooo oooooooooop big ol smiles!!
[millionday] lol there is more almost want to frame it
[creativethinkersclub] millionday Aweeeeeeeeeeeeeeeeeeeeeeeeeeeesome!!!!!!!!!!!!
[millionday] brb [millionday] huge >>>
[millionday] Rapporteur of the Committee on the economy and investment parliamentary Mahma Khalil stressed that the exit of Iraq from Chapter VII of the UN Charter, it is poised to recover economic development in the region.
Khelil said in an interview for "Center Brief for the Iraqi Media Network," that "all obstacles that face Iraq on economic issues and finance will be gone by the end of sanctions, "noting that" Iraq has all its legal obligations and financial obligations to the UN Security Council resolutions and exit from Chapter VII would enable it to regain its real economy in the region.
"He expressed his deep regret for the role of passive played by some countries in an attempt to block Iraq out of Chapter VII, "adding that" Iraq is a strong return to the region, which derives its strength from its economy and its bounty, "pointing out that" Iraq will be free from all restrictions imposed on him after his release from Chapter VII.
"between Khalil that" Iraq's foreign policy representative Ministry of Foreign Affairs has succeeded through the efforts made by the past years to reach the stage of removing Iraq from Chapter VII,
[wmawhite] Iraq returned stronger than the events of 1990,...................WOW!!!
[albosdo] "poised to recover economic development in the region" WOOHOO!!
[millionday] huge >>> "all obstacles that face Iraq on economic issues and finance will be gone by the end of sanctions, [millionday] there is more
PART 2 LINK