Millionday News 11/19/13
millionday] this is what i have on auctions -- smile
[millionday] Confirms experts and specialists need to minimize the effects of the parallel market to stabilize the market and the exchange rate of the dinar against the dollar , pointing to the importance of maintaining the economic experiences participating in the auction currency.
Effects of the parallel market In this context, the economic expert called the appearance of Dr. Mohammed Saleh to minimize the effects of the parallel market exchange rate of the dinar against the dollar , because the reduced significantly contribute to the stability of the exchange rate of the dollar.
[millionday] note -- the auction can not be different --- how can they minimize it? lets read
[millionday] He said in a statement to the (morning) that it is necessary to reconsider granting banking companies and financial transfer licenses to enter the auction currency because plentiful harm the economy and affect significantly the stability of the dollar in the local market .
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And pointed out that those companies lacking greatly to the experience that qualifies them to compete private banks while private banks have become familiar enough experience to enable them to post the central bank to control the exchange rate of the dollar.
Recalling the establishment of private banks that fall under the Association of private banks in reducing the price of the dollar last summer through coordination with the Central Bank after the Iraqi market has seen an unprecedented decline in the exchange rate of the dinar against the dollar.
[millionday] note -- they are talking about how keeping the auctions may be a bad idea because it effects the value or exchange and they are moving toward currency market
[millionday] note -- they are reconsidering the auctions and what to do -- this is what we are reading about
[millionday] Saleh explained that he was supposed to be the central bank sells dollars to companies in order to sell them at a price that it deems appropriate for civil sells to banks at subsidized price to create a state of balance and entrench the freedom to choose the citizen to the point of buying of the dollar .
Indicating that the dollar buying from an auction sale of the currency ( for banks ) Best of the citizen from the sale of Central dollar exchange offices in local markets they seek to achieve fictional profits at the expense of the economy .
[millionday] exchange houses
[millionday] Calling to reduce the number of intermediaries in the sale of the dollar directly and that the sale is not the official price as it gets at the moment in exchange offices in local markets.
Also, higher interest rates reduces investors and businessmen on the assumption , while falling encourage investment , which is reflected in the follow-up the economy and improve the value of the local currency. Stressing the importance of reducing the rates of inflation, as the lead inflation to the devaluation of the national currency and accordingly changed exchange rate.
[millionday] note -- they are stating that it is false business because it is not even the actual price of the dollar -- exchange rate is wrong and not actual
[millionday] Iraqi Institute for Economic Reform d . Ahmed al - Husseini : that of the duties of the central bank supervision and control over the parallel market and not on the banking companies , because the parallel market plays a big role in the pressure on the economy by crowding out banks in the currency auction .
[millionday] He said in an earlier statement (morning) that the role of the central bank oversight may be suffocating at times on these companies for the purpose of providing an opportunity for banks to exercise its natural role in the work, as the private banks began to complain about the existence of competition from banking companies , which greatly influenced in the deterioration of the activities of these banks.
and pointed out that the banking companies newly registered not possess experience in the market and its real mechanism of action , and this is what caused by a volatile exchange rates of the dollar and rising rates in the domestic market .
[millionday] note -- it appears confusion has arrived
millionday] For his part, academic economic d . Essam that the large number of companies competent in brokering the sale of the currency in light of monetary policy in Iraq has caused a burden on monetary variables other , and thus would be a burden on banks in general by calculating the interest rate and draws customers for banks.
[millionday] He pointed out that the number of banking companies large increase of the proportion of demand while the supply is limited what is causing the gap request because the money supply today is managed from the central bank , and therefore, the monetary policy of Iraq did not unleash the market to take its course ,
because the amount of money supply is controlled by a Central Bank and the request is not specific and is open due to the increased registration banking companies shall affect the stability of the currency through the creation of demand versus supply gap is limited to what is causing the currency economic problem for the country.
[millionday] free market economy is supply and demand --- a policy that changes the entire country can not be half done and waiting on other portions --- the cbi has done its steps and the private banks are not in the same situation and the economy is not going smoothly for lack of a better term
[millionday] brb with more
[millionday] Prime Securities Commission the importance and benefits of family businesses turned to contribute to the national economy through sustainable development of the country and expand the economic base and continuity.
Dr. said . Abdul Razzaq al- Saadi, "morning" as it attracts human competences as well as the creation of new jobs in addition to their importance in the development process through the mobilization of private sector resources by small investors and savers .
Pointed to the contribution to the activation of the stock market through a process of indirect investment that counted most important tools of the market economy , pointing to the need for integration between family businesses medium-sized local companies noting the advantages of this integration to benefit from the financial markets and the global business through expansion and diversification of the productive base and modern management and technical development and the achievement of competition and benefit from the scale and reducing costs as a result merger , he said .
[millionday] this is telling the citizens that the isx is going to continue and raise for a long time and the growth of the market and the beginning of the opening will secure jobs and small businesses to make money in the beginning even -- all economic growth for all
[millionday] very encouraging for the citizens to say the least -- and for us smile very ! brb with more
[millionday] private and public companies can help and work together
[millionday] The price of specialists government decision to contract companies and the Ministry of Industry and Minerals with private companies , whether Iraqi or Arab or foreign , suggesting direct Salutation discreet with companies with expertise in the activity to be his residence .
Consultant in industrial development and investment Amer Issa said Jeweler (morning) : The « ministries that have the power to contract can be contracted with any solid company to achieve its goals .
He said that the delay in the process of economic development has become the slope of a serious , so came the government's decision in August of 2010, restructuring of public companies owned by it , in order to promote their work in order to achieve its transformation into a company profitable and attract partners from the private sector , whether domestic or foreign to participate in the this process.
millionday] public contract bidding
[millionday] He urged the ministries to achieve real business profitably , through the achievement of production maximum approaching energies design of its products , as well as operating companies , which must provide services at full capacity specialized in the construction and testing engineering , which establishes for the production of additional real numbers and energies maximum.
And the participation of companies Male Jeweler It lies in how to participate and contracting , preferring Salutation direct with companies discreet only with experience in the activity to be his residence , and that by inviting the company concerned rather the announcement of tenders , to ensure luring companies discreet and trade-offs , including standards and transparent use of consultants specialists in this area.
millionday] see the plan is to work together or whatever they can do to get money moving and profits happening
[millionday] The Council of Ministers has approved the minutes forty-seventh recommendation of the Committee on Economic Affairs on the approval of the recommendations of the Commission to identify the mechanism and to develop appropriate controls for contracting companies and the Ministry of Industry and Minerals with Iraqi companies and private Arab and foreign countries in order to develop the production and performance of these companies .
He believed the jeweler that have an impact well and positively on the Iraqi market , calling on authorities to official support and help private companies through the facilities and guarantees financial , especially that the country needs to private companies for their expertise and capabilities and organization, achieves an economic renaissance in the country.
[millionday] you know this is fantastic -- they are planning on moving forward as a team of companies to get rolling in time to be competitive against all other products and finally get moving -- so this is huge and historical [millionday] lol
[millionday] It also urged banks to give soft loans to private companies and understanding on the guarantees and taking into consideration the reputation and assets and the project , which will serve him , leading to improve the volume of work and in turn increase the size of the loan,
as it is when getting post the Iraqi private sector will increase its role and its organizational, financial and operational , as well as used for additional labor company will be forced to develop the Iraqi capacity to adapt with the high volume of work of this company ,
as is the experience in Abu Dhabi , where the Government with the support of private companies and small companies have to bring in foreign expertise to the execution of the projects at a high level .
[millionday] note -- merging with gov and public owned companies makes it easier to get a loan with all of the involvement big smile
[millionday] In turn, regarded academic , Dr. Emad Mohamed Ali said the real industrial growth effectively contribute to the national economy and the management of the industrial process and participate in the development of Iraq 's industrial policy and the introduction of modern technology.
[millionday] today is a good day for all of that smile brb