[millionday] so it is saying that the gdp is a huge component to the value and pricing of all of the country`s value and it is not realized yet but they are saying that the economy is not slow and that is not why the figures are low -- it is because they are not active yet
[millionday] meaning the economy is not weak -- it just does not have alot of the active sectors moving money yet because of sanctions -- but it is also saying good news --- they are at the first step and that is the set up of release of chapter 7 because the minister of finance has called for funds to be paid
[millionday] and the best part is that it also calls for them to be converted
[lorijeanmarshall] millionday Nice. Just pay the rest and get on with life!
[ROBINREDHED] i like converted
[millionday] just that word makes me happy -- but that is all it says about the conversion
Read More Link On Right
[lorijeanmarshall] millionday Converted???? To what????
[Auntie] I like converted also!
[millionday] smile [millionday] Domino yes
[Domino] millionday Thank you - conversion is good!
[lorijeanmarshall] Converted to what? New rate?
[millionday] Papatom exactly
[Domino] lorijeanmarshall Released - active economy!
[lorijeanmarshall] Domino Ohhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhh
[millionday] it is just announcing that the minister of finance sent the funds to be paid and to be converted [millionday] thats all it says hun but i like it lol
[ROBINREDHED] thanks for explaining lucy
[lorijeanmarshall] millionday Ok. Thanks MD!
[millionday] yw all the time – smile hope everyone got their answers and i didnt miss anyone [millionday] if i missed you please speak up
[Godsalli/Jim] Fat lady is warming up
[Papatom] millionday such a nice gift to Iraq!!! to use the funds....and have it done! and not take it out of oil production
[cecilia123] millionday, how can the funds be paid and converted without an open budget?
[Papatom] and lower the GDP
[millionday] yes to have their own money finally [millionday] cecilia123 they cant
[Papatom] whew!!!! that's really sweeeet
[lorijeanmarshall] cecilia123 Dam good question. And I like millionday's answer!!!
[jimplants] I came in somewhere in the confusion i am assuming chapt 7 has been paid for?
[millionday] and also remember that parliament is not working -- hmmmm --- as i told you all -- i just didnt beleive they were not working -- smile
[Godsalli/Jim] Barney fife has them working all the time
[Papatom] big toothy parliament smile...
[millionday] brb with more
[Godsalli/Jim] He has an Iraqi friend who watches TV
[lorijeanmarshall] millionday Everytime they have been on Vacation, they have ALWAYS worked. LOL
[lorijeanmarshall] jimplants I think that is what MD is saying-------- [millionday] it is just announcing that the minister of finance sent the funds to be paid and to be converted
[millionday] and this is a huge wow -- thank you very much report
[millionday] The head of the Union of Private Banks Manaf Badri do some private banks to proceed with the establishment of a fund to finance small and medium-sized enterprises, which means chip the poor and unemployed youth.
Badri said in a statement (morning): that this trend came to achieve support for a slice of the poor and the elimination of unemployment after organizing a conference we held recently to launch support for small and medium-sized projects.
He stressed that he was signed by a number of banks to these recommendations immediately after the end of the conference for their implementation. [millionday] whooo hoooo
[Godsalli/Jim] Tell us why woo hoo
[millionday] He pointed out that those projects which constitutes 95 percent of the economies of the countries in the world when we see that the increase is very modest in Iraq, despite its importance actors in supporting the transition economy from the stage totalitarianism to a market economy which is supposed to Atsidh the private sector and take its role in the development process. He pointed out that this approach was to implement the recommendations of Baghdad Economic Forum and banking, which was held earlier this year in Baghdad in the presence of more than 800 economic and personal representatives of the civil government and banks to the Central Bank of Iraq.
[ROBINREDHED] recommendations immediately after the end of the conference for their implementation.
[millionday] oh yes
[Papatom] now??? [Papatom] done????
[millionday] and this is the loans and the development of the private sector loans -- meaning small and medium -- in other words -- the little guy is going to begin getting money to develop their businesses -- the heart of every country [millionday] the banking conference -- let me find it brb
[Godsalli/Jim] I'm a little guy
[millionday] me too!! [millionday] lol
[Papatom] this is SO democratic....so SO good....for the peace and STABILITY OF THE REGION AND COUNTRY..... and remember they want private companies to go stock and sell on ISX.....
[Papatom] think about the young...would they strap on a bomb if they are working their own business or working in a business and making a good living??
[ROBINREDHED] Papatom i agree
millionday] already done
[millionday] Badri said in a statement (morning): that this trend came to achieve support for a slice of the poor and the elimination of unemployment after organizing a conference we held recently to launch support for small and medium-sized projects. He stressed that he was signed by a number of banks to these recommendations immediately after the end of the conference for their implementation.
[lorijeanmarshall] millionday What is already done?
[millionday] held recently sounds good to me
millionday] ok let me bring this to ya
[millionday] this is a very large report so let me lay the ground work instead of the whole report
[millionday] cbi is very upset with the reports coming out that are not true and are misleading and the arrests as they are saying that
[millionday] the security of the country has no business in the banks and has nothing to so with what is going on and they may sue for the reasons they lay out here -- now this goes on to talk about the current phase of conversion ect
[millionday] He says economic expert Zia Alckheon: that there is a lack of respect by the security forces for bankers in these banks process their arrest came a step unprecedented ..
These banks have correspondence and links banking abroad representing interface country through the conversion process, investment and especially that these banks began to support the private sector through small and medium-sized enterprises,
[millionday] it is not logical to keep ruled Zarzis director of the Bank of the Middle East trapped charges is by far cry He holds a global certificates and that these measures adopted by the security forces rests with the central bank, which is being punished these banks.
While stressing the Central Bank of Iraq, said he would sue one of the members of the House of Representatives for insulting the bank, reiterated his claim politicians or wishing wading in such subjects standing on the health issues that they have, especially since some are real and illogical.
[millionday] The bank said in a press statement, said that "one of the members of the House of Representatives said in a television interview that the central bank has deposited in three Arab banks billion dollars interest rate of 3%," noting that "this MP is the beginning of what is going on, where the mechanism is accredited to the Bank is a deposit with the central banks only in countries that have its credit rating more than good, and is performed by a decision of the Board of Directors of the Bank
[millionday] now here is what they refer to the conversion policy as -- very very encouraging if you ask me
[millionday] The bank said that "these conversations misleading used to meet the Bank's policy Avenue in uprooting the corrupt and parasites, and his defense of the men bankers serious and actors in building the economy of Iraq,"
noting that "confuse the information public and shuffling papers in front of him does not constitute an abuse of the central bank and the banking system only, but also to the system of national effort to build the institutions and support the economy and weakens confidence in any decisions and mechanisms can be pursued by the state
[millionday] so they are saying the misleading comments can negatively effect the bank and its stake holders ect with the other banks and they will sue them if they hurt this process of conversion which is to build the nations economy
[wmawhite] millionday .......what are they doing????....arresting the heads of the banks??
[millionday] i have to say -- nothing in that sounds bad to me -- it sounds like a clue to me of where we are and what is going on -- and i like it no just whomever they feel like arresting
Papatom] it's like the article we read a few days ago...about the CBI saying if someone does intentionally tell bad things....we will beat them with an iron fist ! remember that one?
[millionday] yes -- that is what i was thinking too -- they are stating they are in the middle of something and anyone messing it up will pay -- i like the implications of that smile
[Papatom] i agree millionday
[millionday] let me see if we have anything important in politics -- brb
[Papatom] as the saying goes...NUFF SAID lol
[wmawhite] Folks,.....the CBI has never reacted in such a protective manner before. The CBI has something big going down and they are protecting the process.
[millionday] The four items agreed upon, according to what was announced by the Prime Minister at a joint news conference with the president of the region after their meeting yesterday afternoon Sunday, is "the solution to the issues of the Peshmerga and Article 140 and the provincial boundaries, and conducting the census this year."
Maliki described his visit to Arbil as "the focus of common interest to both sides to open all outstanding issues. "and on what was discussed during his meeting with Barzani,
Maliki said:" It was during the meeting, review what has been during the previous visit of the President of the Kurdistan Regional Government to Baghdad and what has been agreed to form committees and discuss all outstanding issues between the region and the center,
"noting "It has been agreed on naming the characters, which will cost to continue research in resolving the outstanding issues on the basis of a common desire strong re-cooperation to search for participants and activation capabilities that we have, in order to protect the gains of the people of Iraq in all its factions and its components."
[millionday] As the region's president has reiterated his part, said that "Prime Minister's visit to Arbil is very important and the beginning of resolving differences." Barzani said "the agreement to activate the joint committees and amicable cooperation and fraternal and find solutions to all the problems facing Iraq in general, should resort to the Constitution."
The chairman of the province for "his willingness to visit Baghdad soon to end all outstanding issues between the center and the region."
The head of Iraq's Kurdistan region Massoud Barzani and Prime provincial government Nnigervan the Barzani and other senior Kurdish officials greeted by Prime Minister Nuri al-Maliki, who was accompanied by Minister of the Federal Government and a large number of advisers, at the airport in Irbil.
[millionday] so we have the four largest issues agreed on and the activation of the committees to activate and control all agreements by the constitution --
[lorijeanmarshall] They have got to see how much they are getting done now by implementing the Erbil Agreement.
[millionday] so there we have it and also we have the meeting among kuwait and iraq before the UNSC meeting to reach all agreements on what gets moved to chapter 6 and what gets removed all together ect ect
[millionday] lorijeanmarshall i agree -- so much better
[lorijeanmarshall] They would have gotten all of this done so much faster if they had done it earlier.
[Papatom] millionday does this tie with the article where all those names were given? remember a couple days ago???it named everyone!
[millionday] and also having the ministers meet in arbil was huge
[millionday] Papatom yes -- that is exactly what it is
[Papatom] big BIG B I G !!!! toothy smile
[millionday] so now they are activating the groups and their authority
[wmawhite] lorijeanmarshall ......................whats important is why are they in such a huge rush to do it now?
[millionday] this is great --- great news lately [millionday] wmawhite smile
[millionday] so that is it for tonight no roundtable tomorrow -- i have to work but we will have it on wed and fri