Millionday News 7/8/13
[millionday] i have loads to catch up on so pull up a chair my friends
[millionday] Said economic expert d. Peace Sumaisem: that the Iraqi dinar is witnessing a remarkable increase in value, especially in recent times, and after the withdrawal of Iraq from Chapter VII.
Added Sumaisem told (morning): that there are several countries want to buy the dinar because it represents the currency of financial cover strongest in the region as well to being represents one of the aspects of investment for foreign investors, noting that there are expectations of higher value of the dinar to rates close to the standard which makes it desirable in global markets
millionday] . explained Sumaisem the global currency markets is going according to the principle of expectation of higher currency or decline, and on the dinar, there are projections indicate to increase the value of the dinar in the global markets, He Astdrki that the fluctuation in the exchange rate within the country significantly affect the value of the dinar abroad.
Read More Link On Right
It is worth mentioning that there is a website American trading buying and selling Iraqi dinar since 2004.
millionday] so as we see -- they are moving to add the dinar at a much higher rate to the global currency market i see only good for us in that smile brb with more whoop whoop
[millionday] He said Handal in an interview for the (morning) that the next stage requires work to create a banking sector developed is capable of handling stage economic recovery, noting that any development process requires a sector banker sophisticated offers sophisticated products do not cause confusion for the stages of action and implementation where there is a link and Tsag between services Banking and sophisticated mechanics of implementation.
pointed out that the phase force of the provisions of Chapter VII followed by stage went global companies as well as international banks towards the country, which is the yard work and wide to attract banks and companies with rankings ahead of the global economy, which requests a trend true of the banking sector to work on supply of advanced banking systems Genuine of sophisticated global companies can not penetrate.
millionday] note -- this means that all compliance banking is within this stage and the entry to the global banking and economic market
[millionday] The Iraqi Central Bank in collaboration with Microsoft, introduced during the past few weeks the importance of local banks went towards the banking systems Genuine non-porous by hackers specialists in this aspect.
Was presented possibility Macrosowic to deal with Iraqi banks wishing to adopt such systems commensurate with the volume of work in the country.
Handal said: local banks Mtelzma the instructions of the Central Bank of detailed, particularly in the LBO and most recently announced by the Bank of Assyria, he will arrive in capital to 250 billion dinars during the period ahead.
[millionday] He pointed out that the bank began to phase implementation of the policy Alchorpenneknk which represents an electronic system developed customer can deal with all branches of the bank in different areas which fit the next phase where the fields of employment require flexibility in handling financial and prefer banking dealings with the bank's branches where the presence fields of employment.
[millionday] note -- this is all the banking connected by atms-- banking branches -- financial data of the consumer ect and of course acounting abilities -- data entry and the ability to have it pulled up by other systems -- global and domestic
[millionday] He continued, saying: that the adoption of advanced systems require the adoption of the training curriculum promotes competencies of human and makes them able to apply these systems within Iraq,
and that the Bank adopted a new mechanism for the development of competencies working through training programs under the supervision of experts at an international level are able to create local expertise provides products international inside Iraq.
He said the disclosure and transparency in the work of banks are two things very important and Asanaan trust and communication between shareholders and of the value of shares in the Iraqi market for securities and meeting Bank of the UNESCO annual systems under the supervision of the Iraqi Central Bank discussed the joints work in
Millionday] a transparent manner and was to disclose all stages of the work and check out stagger and ordered foreign exchange and how to accomplish this service raised many questions around during the last period, but transparency and disclosure Binta success of the operation and its tracks.
He added, saying that the bank received the current year budget fortified and portfolio credit quality and financial indicators commensurate with the Central Bank in order to strengthen the network of bank branches and complete the projects we started the placing in 2012
[millionday] in addition to the consolidation of trade relations with our customers in order to maintain a good location between private banks in the country, indicating that competition secret of the success of banking and the multiplicity of banking products, which prompted the bank to issue cards MasterCard to suit the various segments of customers that can be used all over the world also issued Service Mobile Bankink and to the continued sections banking services to individuals and companies expanding in number and size of its services and increase base the adoption of advanced systems
[wmawhite] millionday ......this has been underway since 2012.........correct?
millionday] yes that is right -- this is the data system they started putting in place in November
[wmawhite] millionday .they are ready.
Papatom] millionday wmawhite it's gonna look like banking in the USA....
[millionday] so as we see here they have the MasterCard's ready as well -- they are issued and also can be used internationally and globally
wmawhite] millionday ....Master Card stated that by the end of July 2013 that there will be over 4,000 locations outside of Iraq ready for their use.
[millionday] now if they are loaded or not we do not see here -- so lets wait for that confirmation
[Papatom] millionday do you think, since chase, b of a.... citi bank...etal are opening in Bagdad...we will be able to have accounts here denominated in dinar???
[millionday] wmawhite excellent -- that sounds great to me
[millionday] Papatom if we have citizenship there i would assume but they may have different regulations they are planning on using so we shall see
[millionday] Papatom each country has their own regulations for use of international accounts ect --some are very simple -- some are impossible -- smile
[millionday] brb with more news so glad to be back i felt lost without ya lol here we go with some more
[millionday] Suhad economic researcher called virgins local traders in the stock market to establish or create a portfolio or sovereign conservative group within the Iraqi market for securities.
She Athari told (morning): The presence of such a conservative sovereign private investors Iraqis granted the power to perform the market by trading on the shares of companies listed on the stock exchange and therefore it adds support to the national economy as well as highlighting the activity of these companies are explained.
She said that such conservative exist in international stock markets and play a major role in the financial markets and therefore their presence in the Iraqi Stock Exchange would rise performance and moving the wheel of the economy.
[millionday] note -- obviously meaning they are ready to get the isx out to the globe and they need to join in because the more the better -- meaning they will look much better to the globe with the more not less joined and as a part due to the appearance of their stocks to the world and the gains to the many global investors -- great news to see them prepared to move forward to the global securities markets
[millionday] and also the condition or value at the entry is much more attractive to investors
millionday] look at this part -- whooop whoop
PART 2 CONTINUED