Wink Millionday news 6/22/13
[millionday] ok this is all about the opening of the global economic condition for iraq
[millionday] Received a number of specialists in the economic decision to remove Iraq from Chapter VII, which under the country's economy decisions negatively affect the development, and drew interested that discretion money after the entry into force of the country from the shackles of Chapter VII enables it to achieve a comprehensive development if accompanied by plans strategy at all levels .
[millionday] Banking expert at the Ministry of Finance. Hilal Taan said that the impact of the withdrawal of Iraq from Chapter VII of the economy has positive dimensions of the most important that Iraq no longer poses a threat to world peace allowing the states to be more openness in economic terms.
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He Taan told (morning): that Iraq would emerge from Chapter VII and move on to Chapter VI of the UN Charter comes after the fulfillment of its international obligations regarding the improvement of relations with Kuwait after the repercussions of the invasion of that country because of the policies of the former regime,
which was the most prominent resolve the file redrawing border and the payment of compensation and the subject of Iraqi Airways, pointing out that the decision to extend the protection has nothing to do with the exit of Iraq from Chapter VII.
[millionday] He explained that under that will become the Iraqi economy is shackled to restrictions and is free and has a decision in his hand and take the action that fits the circumstances,
and pointed out that the extension of protection to Iraqi funds came at the request of Iraq to protect it from claims of foreign and piracy of creditor nations, noting that after extinguishing Iraq's debt, according to the club Paris now, there is no fear of the remaining refund to Iraqi sovereignty.
He pointed out that Iraq's relations with economic relations with the countries of the world will evolve after his release from Chapter VII soon and is shackled international resolutions in terms of trade as the countries considered to Iraq that it fulfilled its international obligations in full thereby increasing confidence in the Iraqi economy and the expansion of trade with Iraq and will get an improvement in the economic development The economic situation in general.
[millionday] note -- obviously the opening of trade will cause huge growth [millionday] chapter 6
[millionday] The Taan that there materials and goods can not be for Iraq now imported directly from Mnashiha only through an intermediary world because restrictions of Chapter VII of the Charter of the United Nations,
however, he and after moving to Chapter VI of the Charter, it will be able to control fully the sovereignty of the economic of free trade and import of goods without the need for an international mediator,
as he will become the most attractive environment for foreign investment in the region after the economy freed from international restrictions that resulted from it due to the wrong policies of the former regime. [millionday] smile
[millionday] Economic expert Hassan Hadi al-Asadi said in an interview (morning) that the situation in Iraq under Chapter VII, which cable Iraqi economy, and bound him for a long time,
pointing out that everyone knows that the revenues the country into the Development Fund, founded by President George Bush in order to protect the money from countries and companies that claim to have rights to Iraq before the year 2003.
He said al-Asadi said: that the government if the act wants need to be approved by the Development Fund for it under Chapter VII, and this led to be a freedom to act is not complete.
He noted that the exit from Chapter VII gives greater freedom to act in Iraqi funds by 100 percent, and here it requires the development of strategies for action and a clear and supportive of the Iraqi economy at all levels of the short, medium and long term, especially in light of the growing country's budget year after year.
[wmawhite] millionday .....obviously needing an internationally accepted currency
Godsalli/Jim] Oh I am smiling
[Trademan1964] That is all VERY straight forward!!!
[millionday] love this >> supportive of the Iraqi economy at all levels of the short, medium and long term, [millionday] oh yes -- love it
[millionday] The economic expert d. Akram Abdel Aziz has confirmed that Iraq would emerge from Chapter VII toward Chapter VI, which will be its decisions are not binding would revive international relations with Iraq and restore confidence in the economy and thus be a strong attraction for international companies and capital towards the inside, according to being makes orientations financial autonomous and is far from the pressures and fears of any abnormal conditions of Iraq.
[Papatom] millionday wow, it'd be hard to be much more blunt than this...
[Papatom] and how does capital flow TOWARDS THE INSIDE????
[millionday] She said the decision could cast a shadow on the positive of Iraq's economic activities in general, and that this decision has brought Iraq out of Iraq is considered trusteeship fledged sovereign state and will become a free state in the management of their funds away from the confiscation and freezing.
Iraqi Prime industrial assembly Abdul Hassan Shammari said in his speech for the (morning) that Iraq would emerge from Chapter VII is a very important decision and helps to achieve economic development, pointing out that he will open wider horizons in the country's economic transactions all over the world.
[Papatom] the I S X baby. !!!!
[millionday] bringing profits to iraq
[wmawhite] Papatom millionday .....that is saying bring your currency into Iraq..........to do so it has to be exchanged!!!
[millionday] whooop whoooop [millionday] our world too
[NUMBERS] millionday i like long term support
[cookie2] wmawhite woooo hoooo!
[millionday] He said the decision allowed the world's leading companies and relevant international classifications developed to work in the country and that the Chapter VII represents a significant impediment to its presence on the Iraqi arena and work in the field of project implementation.
Shammari pointed out that the private sector will have a high flow in the freedom of being on the global economy and build strong relationships with international economic blocs.
He pointed out that the industrial sector positively influenced this decision where it can supply materials and factories was difficult when you have imported under Chapter VII countries where they can supply factories and equipment from Switzerland, Germany and the United States and other countries in the developed world.
He said the public banking sector will be given greater freedom in the process of opening letters of credit that help to activate the flow of money movement.
[Trademan1964] wmawhite yes!!!
[millionday] activate the flow of money
[millionday] whooop whooop -- we are all for that
[wmawhite] millionday .......that is saying a lot!!!
[cookie2] activate activate -- love that word!
[millionday] such a nice start
[Papatom] wmawhite millionday freedom!!!! let me hear ya sing it...FREEDOM!!!
[millionday] brb with more more on the subject [millionday] here we go
[millionday] Projections indicate that Iraq approached the exit from Chapter VII after the submission of the memorandum filed by Iraq and Kuwait to the Secretary-General of the United Nations, which blessed and supported by the countries of the world, then we are just around the corner from the lifting of sanctions has coincided this important event with the decision to renew the protection of the American Iraqi funds another year,
despite the lack of a relationship but security remains the question that arises is whether there is a need to extend the protection in the coming years or suffice in this renewal The lifting of sanctions on Iraq after Ivaúh of all pledges, which he inherited from the previous regime would mean the liberation of the Iraqi economy of all sanctions and constraints which means the health of expectations that Iraq expects a big role at the level of global economies
millionday] global economies can only happen in exchange or the country that is gaining has nothing but dinar -- and it is not their or our currency
[cookie2] global economies !!!!
[millionday] so gain will be exchanged into the other country`s currency
[Papatom] millionday big toothy smile
[millionday] hope that made sense
[millionday] And not exchange anything on this role reports that indicated growth rising in Iraq due to the success of his policy of oil and the results achieved by the licensing rounds, which contributed to some extent in strengthening fiscal revenue and indicators reaching cash reserves and proximity of the 80 billion more important is how to deal with the new phase and how We manage these funds towards prosperity and development is required.
Before half-life of the investment budget and still did not proceed to implementation and construction due to non-completion of the formation of local governments new, however we very much hope to begin even late in order to communicate and prepare for the era of new development and most importantly creating infrastructure marking the initiation project development through campaigns of construction and reconstruction ahead.
[Papatom] millionday also really like all sanctions and constraints....ALLLLL
[millionday] love it this is saying -- better late then never
[millionday] Required of newly elected governments to know where to start in order to establish a later stage where the economy has liberated and how to deal with the expected wave of investments and meet the needs of global companies that Ahzmt belongings to enter Iraq and its potential investment in the construction and reconstruction.
Thus, the case for the National Authority for Investment & Government provinces to prepare for the coming of days and provide the atmosphere of investment and to overcome the difficulties faced by companies through speeding amending the laws that hamper investment and the creation of all the requirements of reconstruction and cooperation and coordination with Wazzarart specialist concerned with development and construction.
[millionday] wow they are talking days until they begin moving money and opening contracts ect
[Papatom] millionday does their budget run jan to dec? i forget
[millionday] days !! it is fiscal and will also reflect jan to dec but they are able to change it there -- they just havent
[Papatom] it looks like it's saying....1/2 of the current investment budget is gone and they need to catch up.....
[millionday] so they will calculate as credit ect days from the release of sanctions smile
[Papatom] millionday I also like how it appears to say...the way they budget and handle all this new money is going to be important....right?
[wmawhite] millionday millionday .........all these articles are talking around the same event.
[millionday] last of report >>>
[millionday] So the need to require now prepare to invest time and compensate the many missed opportunities that we lost because of poor management and organization,
what is needed today to do the planning cells in turn strengthening and modernization plans short, medium and even long-term work and the blockade and sanctions had already been raised.
We find it important, and FEEDS do mulch in the country to intensify economic seminars, its panel discussions and talk about the answer to the question posed by the economic morning (What then remove Iraq from Chapter VII?) And we believe that this task of the priorities of economic activity required for the next phase
[millionday] in other words -- what happens after the release ? a huge leap to activate the economy -- right away
PART 2 LINK