Millionday News 10/29/13 LATE NIGHT
[millionday] welcome to PI newstime everyone -- so glad to see you '
[millionday] After the conference concluded the Iraqi banking first , which was held recently to identify one of the main objectives him of drawing new features to the strategy of the banking sector in Iraq for the next stage until the year 2017 are new mechanisms that will - according to an expert banker - achieve the goals central to monetary policy.
He expressed support for the proposal to form a higher council for economic reform and strengthen the role of private banks in development by facilitating the transition from the role of financial intermediation to the developmental role
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[millionday] note -- this is referring to the five year plan at this point -- 2013 -- 2017
[millionday] In this regard, the banking expert said Samir said such a strategy associated with the applications and prospects of monetary policy shall be applied by the Central Bank of Iraq through the supervision and control of banks operating .
He told ( morning) note and through our follow-up of the stages through which applications monetary policy in Iraq after the Iraqi Central Bank Law 56 of 2004 and the Banking Act 94 of 2004 , that the central has succeeded well in achieving the goals central to monetary policy in stabilizing monetary system and counter inflationary waves after the significant improvement in the exchange rate of the Iraqi dinar , in addition to the construction of foreign currency reserves
[millionday] note --- very nice
[millionday] He pointed out that it led to the construction of the pillars of a solid to keep on building economic stability outside and open a wide range of investment as the positive role played by the interest rate cut inflation annual basis from 53.2 percent in 2006 to about 5.6 percent in the year 2012 , as well as identify the phenomenon of dollarization and speculation as he largely succeeded in maintaining its independence so I just fired it during the previous phase hardline policy of the Central Bank of Iraq , with advanced cases of control over monetary policy.
[millionday] note -- this obviously opened the path for investment in the country
[millionday] this is the statement that means -- they have successfully gained control as expected with the policies of central bank
millionday] The Central to study the proposals for the development and modification of some episodes of monetary policy currently in place and thus contributing to the restructuring and reform of the private banking sector and drawing new features of the banking sector private sector including enhancing Doralmassarv own to move from the role of financial intermediation to the developmental role of what constitutes a strategic modified for monetary policy currently approved and proposed policies and processes are required for banking reform for the next phase of the five - year (2013 - 2017) .
[millionday] note -- the monetary policy as it says here is approved and ready for the next stage and also for the five year plan to be activated
[millionday] He said banking expert need to take measures and mechanisms quick to form a higher council for economic reform in Iraq that includes Economic Committee of the Council of Ministers and Economic and Financial Committee in Parliament and the Central Bank of Iraq and a select group of advisors and experts, economists and bankers responsible building strategy to move the economy from its interlocking road to a market economy to along with the contribution of the Iraqi banking sector in economic development
and to identify policies and mechanisms for the transition to the stage of reform of the banking sector and private sectors , and is determined by the period of five years ending in 2017 to accomplish the mission and the phases associated with the five Year Development Plan for the years ( 2013-2017 ).
millionday] so now they are prepared for entire activation to move on with the banking reform and the monetary policy that we have been waiting for -- very nice announcement
[wilbur48] when.. did this happen.. significant improvement in the exchange rate of the Iraqi dinar
[millionday] let me look wilbur for your answer -- brb
millionday] re read this part >>>>>>>>>>>>>>> it is inclusive of multiple steps that have been taken - they are saying now
[millionday] He told ( morning) note and through our follow-up of the stages through which applications monetary policy in Iraq after the Iraqi Central Bank Law 56 of 2004 and the Banking Act 94 of 2004 , that the central has succeeded well in achieving the goals central to monetary policy in stabilizing monetary system and counter inflationary waves after the significant improvement in the exchange rate of the Iraqi dinar , in addition to the construction of foreign currency reserves .
millionday] so the statement does not tell us if this is a new change in the rate or if this is talking about steps that have occurred so -- we will dig a little deeper and have the answer before we leave tonight
letsroll] I always thought when iraq states the iqd improved they mean stable .. sorry
[millionday] this is obviously a list of strategies but -- is it talking about the preparation now or is it something that got us to this point? this we will know while we go through the news
[millionday] the confusion is that the part about the reserves is current >>>>>>>>>>>>>>counter inflationary waves after the significant improvement in the exchange rate of the Iraqi dinar , in addition to the construction of foreign currency reserves . so brb with more
[millionday] here is the information on the visit of Maliki with Obama - it is a five day visit and here is the first of the report we have ----- To the visit of Prime Minister Nuri al-Maliki to Washington , they come in a period of regional unrest region ,
as well as the arrival of uncertainty in Syria an advanced stage greatly affected in Iraq and caused the escalation of violence in it.
Will discuss Prime Minister Nuri al - Maliki , during a meeting with U.S. President Barack Obama next Friday , according to the White House announced , expand the horizons of cooperation between the two countries in accordance with the strategic framework agreement , in addition to the discussion of the risks facing Iraq and coming from Syria.
[millionday] Statement of the Prime Minister's Office has received " morning," a copy of it, said that "al-Maliki and his accompanying delegation left Baghdad yesterday afternoon , heading to the United States on an official visit lasts five days."
The statement noted that al-Maliki will take place during the visit, talks with Vice President Joe Biden and senior officials in the American administration, related to the development of bilateral relations and expand the horizons of cooperation and in accordance with the strategic framework agreement signed between the two countries and ways to strengthen security and stability and the fight against terrorism , as well as discuss the latest developments in the region.
Prime Minister is visiting the United States after last visited it in December The first 2011, in response to an official invitation from U.S. Vice President Joe Biden, accompanied by a delegation including the Ministers of Foreign Affairs Hoshyar Zebari and Defense Agency Saadoun al - Dulaimi , in addition to a number of members of the House of Representatives and advisers .
The prime minister has said in a press conference held at Baghdad International Airport before leaving the land of the country , that will be discussed during the visit activating the agreements signed with Washington for arming the army and security forces and the risks coming from Syria, which is facing Iraq.
[millionday] so as we see -- the visit is extensive and is to activate or launch (whichever word you like) the strategic framework agreement, handle the syria issue, and also supply much needed security during this "phase" for iraq
[millionday] this should be very interesting and i have been told that we should see some of it televised for our enjoyment smile
[millionday] so here is an announcement to the citizens by the chairman of the finance Committee
[millionday] The chairman of the Finance Committee Algnapeah Dr. Haidaralebadi , having stabbed another provider to the Federal Court to overturn the fiscal privileges enjoyed by workers in the three presidencies , stressing begin his committee drafting the law of retired New whereby achieve justice among all state employees , and eliminates the special laws and privileges for the three presidencies , counselors .
The Federal Court , canceled under Introduction appeals have , pension privileges for members of the House of Representatives , which met with positive feedback, praised the independence of the judicial system in Iraq.
[millionday] note -- not physically stab
[millionday] Haidar al- Abbadi, during his speech for " Center Brief for the Iraqi Media Network ": that the law Unified Retirement , which saw the first reading , will be listed soon on the agenda of the Council, for the second reading ,
and to open the debate on the wide open by the heads of the committees and parliamentarians , as well as the use of visions civil society organizations , which sent us some observations on the new law.
And between the MP , "The new law sponsor for justice among all employees in government institutions , adding that the proposal was calling for the unification of the law , and the inclusion of groups working in the private sector ,
however, some differences between the ministries of labor and finance led to the delay in the arrival of the law of the private sector by Ministry of Labour , revealing at the same time to discuss the Parliamentary Committee for the time being law on social security for the private sector . "
He expressed Abadi, hope that the new draft law for retirees for justice and the removal of the significant differences between the staff of the state, especially since the new law will ensure not to create class differences among employees, if applied to all categories , ranging from
[millionday] the President of the Republic to the youngest officer in the state, in order to achieve justice, pointing out that the measure represents the point of view of all members of the Finance Committee, endorsed by the majority of MPs and the public, stressing the pursuit Committee to cancel the laws on retirement of the Council of Representatives and the bodies and the presidency , the judiciary, university professors and independent bodies and doctors . "
And added, " it is not possible to have each class in the state law retirement of its own, which calls for the application of the new law on everyone, and that will depend in which years of service , age and certificate qualifications, within an equation called the" law of Unified Retirement , "
[millionday] note -- this makes sense -- how long of service and how much pay etc should all be applicable
[millionday] explaining that it applied to the head Republic, ministers and members of parliament and all the workers in the state , where it is not possible to give people pay huge because they occupied the position for two years or four , and that 80 percent of those salaries for life , describing it as " strange" , has caused a stir many problems, and irritated public opinion and the masses. "
And between al-Abadi, said the new law to be enacted , includes all of Representatives, and special grades and presidencies and former successors , noting that the Federal Court decision current included members only , and excluding ex,
stressing said "We want to exploit the social pressure to achieve social justice , and we start to cancel the special laws, and this will not there is a matter for the intervention of the Federal Court or eliminating the need to overturn the law No. 50 , which is one of the special laws, and respect the privileges of Representatives.
[millionday] note -- the is the federal court system at work for sure and makes perfect sense -- some have only served a couple years and are set for life -- and very well i might add -- the resolve with demonstrators is a very good idea as well
[millionday] In the opinion of the Attorney , that the application of justice to employees through the new law will lead to a state of satisfaction to the citizens and pushing for duty with dedication away from concessions , explaining the presence of faith, to cancel the purchase of private cars for officials in the state,
stressing stop the mechanism despite the vote by Parliament by raising the financial allocations , especially since it's one of the mechanisms that can contribute to wasting public money , and the costs are prohibitive , pointing to the existence of the other 's intention to cancel the land grants to officials , dismissing members of parliament received residential land , reversing the rumors in the media.
[millionday] Ebadi said : that achieving justice approach between staff generates convinced , which calls for the abolition of laws that will create class differences between the citizens and work for the realization of the principle of equality.
[millionday] so this will show equality and that is never a bad thing when they are trying to show the beauty of democracy -- it is one of the perks for sure -- demonstration =results -- one of our favorites - smile brb with more very important news VERY important NEWS smile
[millionday] Member of the Committee called for the economy and investment MP / National Alliance / Salman al-Moussawi, the need to use global organizations and advisory bodies in the development of international economic plans for the advancement of the economic reality of Iraq.
[millionday] note -- the advancement of the Iraqi economic and monetary reality -- this is and will include the rate of the dinar
[millionday] The Iraqi economy is still suffering from many problems Khalafaha his former regime, its policies that destroyed the country and burdened his shoulders, and this is what makes an urgent need for the use of global organizations and advisory bodies International for the advancement of the economic reality of the country.
He continued: especially in the economic development of plans and preparation of feasibility studies by international experts as well as local human possibilities, noting that Iraq is rich in natural resources and human resources, but it needs to exploit true for the recovery of the economy.
[millionday] note -- exploit true -- means -- a reality rate and true value
millionday] This has been loud voices by economists for the use of international organizations and developed countries in order to promote the Iraqi economy and gain modern technological expertise.