millionday] all questions and comments at the end the first one is very good very
millionday] Iraq has the payment systems sophisticated electronic , but the spread of treated citizens smart cards and money -mail subject by an economist awareness of banking they have,
and there are signs and indicators for the success of their application because the desire exists to keep pace with the global development and use of modern technologies in organizing things of life , living and save time and effort in shopping and a deposit withdrawals and smart card .
[millionday] note -- they are mailing all smart cards and are ready the electronic banking is set up and ready
Read More Link On Right
millionday] In this context, says economist Dr appearance of Mohammed Saleh, said that the spread of the culture of dealing with money -mail rather than cash contribute significantly to improve the payments system , and the activation of automation systems for the card electronic would keep more cash in bank accounts , as well as reduce the cost transfer and the protection of money and armored car rental and so on. note -- smile
[millionday] He told the (morning) that there are several kinds of bank cards that are currently operating in Iraq , but the spread of and dealing in them is still limited to a certain class without the other , in addition to the majority of citizens are unaware of how to deal with the absence of banking awareness they have.
He pointed out that the owners of the smart card of the categories of retirees or the social welfare network take the initiative to withdraw money from their balance and turn it into a (Cash ) without retaining financial longest Brshehadhm the period in the card.
He pointed out that the distribution of salaries in this way contributed greatly to reduce the incidence of crowding on banks and reduce the voltage on the staff of its subsidiaries .
[millionday] note -- wow that is fantastic -- modern banking with debit ---
[millionday] For its part, the researcher said Suhad economic virgins that recently appeared in Baghdad and several provinces customized cards for shopping online through accredited agents sell them for the balance of the phone
[millionday] note -- this is talking about companies that have specific cards for their companies
[millionday] note -- now this next part keep in mind they are talking about global business with these cards and its application
[millionday] She said in a statement to the (morning) that the price of the card varies depending on the class instance shopping card with ten dollars sold for a balance of 13 thousand dinars. Shown that when the acquisition of the card must open a special account in one well-known sites which resembles to a large extent the work of the bank,
which is which regulate the process of withdrawal and deposit and deduct the price of materials that have been Tdaha , pointing out that this site is a universally recognized and under which thousands of daily transfers . Athari demanded the deployment and expansion of this phenomenon in Baghdad to include the usual markets are in force in the countries of the world to be added to the home delivery service for an additional price .
[millionday] so they are demanding that this is set up to the free market system and set up as all countries of the world -- this is now through a middle man -- that has been helping for large fees -- they are demanding that the system graduate to the globe
[millionday] so that was the first news report
[millionday] any questions other than how long this makes it until the rv
[Papatom] so that's like a SEARS card... or PENEY's card...right?
[wmawhite] different type of cards other than all gets the same?
[millionday] wow is an understatement -- this shows a complete data system and passes all tests imo
[Papatom] and 13000 dinar for 10 bucks!
[gpleas] sounds like international right?
Papatom] gpleas abaloootley
[Dovi] millionday millionday lol getting ahead of us huh...how long does it take til..
[millionday] wmawhite as in we have visa and mastercard -- it is all going through a middle man right now and has not been entered to the free market economy -- even though they are there -- it is not a global card -- again --- this means it is not a GLOBAL card yet
[Papatom] right, not at those ratios....
Melba] millionday no rate change on the card huh
[millionday] so this shows us the great news that they are announcing freely to the world how ready they are -- this being in the news and the substance of the news is both equally great smile
[Papatom] big toothy grin!
[millionday] brb with more huge
[sunnyca] millionday sounds like their system is ready - smile
[millionday] here we go smile
[millionday] Called the parliamentary Finance Committee to adhere to the completion of the annual plans prepared for the ministries and provinces , as the Find Budget Law for urgent necessities as the case in all countries of the world , especially because it is considered the actual spending and revenue . This comes at a time when proposed an economist not to return the amounts retained from the provincial budget and service ministries to the state treasury , to complete the implementation of strategic projects stalled.
[millionday] note -- they are saying to move forward and lets spend some money and pick up the pace of stalled projects
[millionday] Committee member MP Abdul Hussein al-Yasiri said in a statement ( morning) that "the law of financial management Iraqi decide what the budget , recycling and how to dispose of them and the money , as it stipulates that the budget end credits at the end of the year ,
so any expenses and deposits depends whether spent or not, and any revenue added to the budget for the new year . "
He Yasiri general budget starting from the first of January until 31 December of the year, and does not have any recycling of money , but in certain cases excluded by some institutions of the Financial Administration Act and the budget law and public debt , noting that the expenses expires at the end of the year and calculated revenue for the coming year .
millionday] note -- this is talking about the international accounting compliance on state revenues – and they are saying that they want to move now and go ahead and start back up contracts and not wait any longer and certainly not roll over the funds as a revenue --
[millionday] by roll over i mean -- to the next year --- which is just discussing the budgets not the reality rate -- so no need to worry
[millionday] And between it includes two capital expenditures and operating expenses , as the remainder of the funds investment or that have not spent during the year are written off and spin at the end of the fiscal year , but added to the expense and revenue the next year ,
expecting that completion rates and the implementation of projects, ministries and provinces are better than previous years, this is because the government has given a lot of powers and especially to the provinces , which establishes the existence of the implementation of the best of the former.
millionday] note -- this is about rolling over the money not spent and that it would be great for the provinces as it would be revenue and will be but
[millionday] they are saying that if they were to start now it would be just what is left all the way to december 31st and that would be better i agree
millionday] He said he can not increase the proportion of investment expenditure within the budget , because the specific oil revenues , as well as the deficit , hoping in the completion and approval of the budget during the first two months of next year , because the delayed impact on the economic situation in the country.
The expert suggested economic Dergham Mohammed Ali dealing with the money retained from the provinces it's not revenue to the budget but accumulated must be returned to the province when approving the new budget to complete projects that are not completed , as it should not be transferred to the state treasury because it is calculated for the province.
[millionday] note -- they are saying that even if they dont have next years budget open until two months in next year -- this would be best and the money should stay at the provinces (already transferred_) and that would allow them to continue with these first projects and funding so there is no delay smile
[millionday] In a press statement urged to monitor the investment budget for these ministries to complete service projects that need many amounts and in the absence of rounded amounts , especially that all the money spent is not the loss of it goes back to the public interest .
[millionday] they are stating to the citizens and saying that they need to keep the funds in the ministry accounts and provinces so they can move forward now with all projects as planned and then just calculate the revenues left while leaving them in the accounts set up for the provinces and the ministries
[millionday] in order to add them for the next year budget but not stop work so they are stating they want to start now and not wait smile big huge any questions on this report ? other than when
[Domino] That sounds like "Give us the money already, we got things to do that just can't wait"
[wmawhite] this sound like the infrastructure Law???
[millionday] i agree that the infrastructure is what they are discussing
[Papatom] millionday so if the money goes to the province...it stays there even if it's not spent this year...so next year budget is in addition to that?
[millionday] and this does sound very good and that they are ready
[Papatom] and that is in the public interest?
[millionday] and let me say one more thing -- they said they wanted to activate the global cards and make sure and get them all out now to minimize the lines at the bank huge smile
TheEvent] the last parliament session is 11/15 correct?
[millionday] yes i think that is right from last night brb with more nice news night
[wmawhite] millionday ....about the global cards......they are anticipating something big??? you think???