[onthewings] So international cards until they have a currency worth $? NO
[faith1] so Raise value .... ascend !! Go Iraq all worlds is watching You ,,"))
[wmawhite] millionday ...interesting that there are no dates mentioned in this article.
[millionday] the cards will be distributed but not loaded with a rate that is not part of their economic reality
[Dianne777] millionday so is that still on track for eoy? sorry just got here trying to catch up
[millionday] right interesting to say the least – smile now i have alot to bring -- and i mean alot - now let me have the floor for a minute if i could this is going to take all night at this rate lol my hubby is at the store and i have researched all day but one hour
[millionday] there is a problem with cbi and the gov and this is what it is -- they are trying to separate the power of the gov and the dinar and the power of cbi and the dinar --
[millionday] the problem is that the gov has a budget and they have to go by the agreed on budget so cbi has been trying to make the government stick to the issues at hand in so many words so at the beginning of news i told you the imf is there
Read More Link On Right
[millionday] i have a report about what they are going to do so they can rv - i will try to bring in it for ya so here goes
[millionday] The Head Office of control of the money and the Iraqi Central Bank Governor Abdel Basset Turki said that regional States seek in one form or another to destroy the Iraqi economy through financial and banking war.
However, he noted that Iraq today largely reassured after the reserve amounted to approximately $ 80 million of hard currency.
Abdel Basset Turki said in an interview with “today” that large irregularities identified by the Office of financial supervision for years in the work of the Central Bank of Iraq as the Cabinet is responsible to follow the work of the World Bank and the Government of Iraq decided to end that costs me to notice undefined management the World Bank agency to reduce and eliminate these irregularities gradually to ensure the safety of the backbone in the Iraqi economy.
[millionday] Turkish and regretted it when his bank did not find a real Foundation, “even though I charge directly on the work of the World Bank as Director of the Office of financial supervision in Iraq and to the details but didn’t expect it to be this bad for poor oversight of banks and auction sell nor database of private banks in the Bank documents letters of guarantee for banks when borrowing from the Bank to cover cash transactions and there are plans to build specialized cadres or real restart as there is no policy Specific cash discussing buying and selling foreign currency exchange value is determined not to fall into the trap of treating others thoughtfully to the difficult process that is difficult to offset
“ The Turkish “rate of sell the currency before we receive your task as Governor of the Bank amounted to $ 280 million a day today the Bank is selling at a rate of between 160 million to 180 million a day, six days a week so we can control the rising value of the dollar against the Iraqi dinar through window selling,
particularly in the Bank for direct sale however I see that $ 100 million is sufficient to control the transactions of sale and purchase, so that we can control the transactions of sale and avoid money laundering and financial corruption.”
[millionday] note -- meaning how they are going to change the auctions
[millionday] Turki said that the Bank still did not reach the full 100 percent control over the validity of transactions of sale in auction, indicating that the Bank has a problem now and is in control,
there is not enough control to continue selling dollars because the Bank only has 3 staff to monitor sales and documented 33 private banks and hundreds of millions of dollars in addition to a specialized Committee on accounts to audit only and there is no documentary proof,
pointing out that he began work on the documentation now via three Windows validation document sales process including a third bank from which the transfer is to ensure that documentation in three places.
Turki said that in previous years were found after investigation that the sale of hard currency, there was no corresponding goods to Iraq for lack of polyglot customs system monitors the entry of goods so that we can control our foreign exchange liquidity and must achieve the target entry of goods into the country in order to avoid money laundering or smuggled abroad.
[millionday] note -- meaning that when dinar was out of control and they could not keep it calculated -- there were no customs officers or anyone really at the border looking for cash -- their minds were on other things
[wmawhite] millionday .....he is giving the reason to stop the auctions................
[millionday] so the process should be much more successful for cbi now with those changes
[millionday] Turki said that some politicians drawn into the Central Bank in the political game and aspired the post Bank just across the window direct sales for hard currency,
and this in itself is a big mistake that has enabled the Bank to play a major role in establishing the Iraqi economy but some sought an opportunity to wash his money to attack the Bank in various ways.
Turkish revealed a regional intervention to destroy the Iraqi economy by trying to jar the regional conflicts in the region through private banks owned by this or that State, without mentioning their names.
He explained that these interventions attempt by some States to persuade the Iraqi Government to put pressure on the Bank to lend to certain banks more than $ 5 billion without real guarantees and rejected the Bank at the time the Iraqi Government has also shown willingness to deposit some in reserve banks for the purpose of strengthening its economy but also rejected the Bank making some politicians accuse the Bank various accusations to discredit him.
[millionday] so the only way left for the gov to get more money in their pockets due to the control of cbi is through private banks and loans with the excuse that it is the right thing for iraqis ect ect
[millionday] it gives them the opportunity to launder their money or wash -- whichever lol
[millionday] now read this -- it answers many questions and the hold up so to speak if there is one >>>>>>>>>>>>>>>>>>>>>> Turkish revealed that reserves of hard currency in Iraq now exceeds $ 80 billion, including 30 tons of gold and Bank’s disposal is deposited in banks,
including the International Monetary Fund and the bank guarantees at the global level, we monitor the level of dealings and while we feel that one dropped their dealings we transfer the deposit to the Bank safer so that we are assured that Iraq is capable of economic stability and that is what we seek.
Turki also said on Thursday that the Bank is considering a new policy to invest the money away from the Government and the political groundwork for the Government to change the political map and that we were looking for a stable economy of Iraq must work to isolate the Government and economy to make sure that the economy is not affected by the change of Government.
[millionday] so this is saying that the gov projects and bids contracts ect will be isolated and monitored through all ways
[wmawhite] monique13 ......last Thursday.......
[millionday] turki spoke on thursday too and that is what he said then -- so as we have seen the imf is wanting to help in this and make sure it is done correctly because as was in the speech last night -- the entire globe is depending on this
[millionday] this is the last part >>>>>>>>>>>>>>>> ] And between Turkish, there are more than 20 cases before the Iraqi judiciary on corruption charges by Bank staff in previous years to facilitate Bank loans for some private banks,
noting that the Bank’s new management has continued since the assumption of responsibility by 8 months in pursuing corrupt files and no longer wait for the integrity Commission to look at the files THX integrity but Bank specialist is doing so and closely monitor all financial transactions and surveillance led to the detection of several corruption cases have been referred Their leaves to the competent courts.
The Chief of the Iraqi money control by changing the management of the Bank is the largest face corruption and attempts to reform and we do not target any of the banks but are looking for transparency, a difficult task and there is a clear and deliberate operations to foil the new administration in its work that is challenging in itself.
[millionday] so the new staff was placed to open the currency and the trade of iraq to the world fairly and also to get it done as in multi wealth management - brb with more
[millionday] know that what has been in the papers and on tv there ect -- has been the problem with the gov use of funds and this will solve that issue and stop the risk along with the added audits they have in place - brb with more doing the best i can - i have more that will fill in gaps
[Godsalli/Jim] You are awesome Million
[ROBINREDHED] millionday you are doing great
[millionday] the isx info everyone is talking about >>>>>>>>>>>>>>>>>>>>>
[millionday] ROBINREDHED thanks girl friend
[faith1] Million Day we Love U !!
[millionday] trying hard to not take all night but there is so much - love right back
[Godsalli/Jim] Take ur time please
[ROBINREDHED] its all good, we need it
[millionday] here is from the securities commission -- The head of the Securities Commission d. Abdul Razzaq al-Saadi importance of the presence of international companies in the Iraqi market for securities.
He said al-Saadi said in an interview (morning): The expansion of foreign investment in the local bourse carries a lot of pros, where contribute effectively to stimulate the movement of share trading, and raise the confidence of local and international investors to expand their investments in the market,
pointing out that in all cases when entry of foreign investment will create expansion in Trades and international, which requires
[ROBINREDHED] you are mostly voice of reason in this crazeee deenar thang
[millionday] thanks -- smile
[millionday] the provision of all the elements to attract international investment. said Saadi that the adoption of the custodian in the Iraqi market for securities gives high transparency in the handling and proved a great success in global stock markets, and will be a magnet effective investments , especially as the country is on the verge of a broad economic movement.
noted that the increase in supply and demand for shares in the stock market depends on how much is available from legislation regulating the process and raise investor confidence in the stock exchange.
millionday] so as we know the isx will serve as a magnet to the effect of their economic development - this is when most people will hear of the isx -- after the development the country is on the verge of a huge economic movement -- smile
millionday] i hope you all understand too that the issue with all of the anger or at least most of it is the economic promises that have not come to pass for the citizens i will brb
[millionday] Kurdistan Alliance stressed that the relationship between Baghdad and Erbil is at its best after the adoption of dialogue and away from the statements convulsive media.
This came during an interview the President of the Kurdistan Alliance bloc Fuad Masum's "Center Brief for the Iraqi Media Network," in which it stressed that the alliance would not object to give al-Maliki for a third term, declaring the unwillingness of the Kurds in the nomination of an alternative Talabani during the next parliamentary session.
He called infallible political blocs to focus on the security file, rather than exploit file retirement parliamentary and dual nationality to the interests of an election, especially in this time of the Iraq campaign of genocide fierce waged by terrorist groups against all Iraqis regardless of sectarian affiliation, national and religious.
He revealed his position of refusing to cancel pensions for MPs once since ruled that harmful amounts of the salaries in the budget significantly as long as Iraq's oil exports are on the rise.
[millionday] they have said the meeting with the kurds and the federal gov is after the feast --- i however think that we have seen most of it during this past month - we have seen them refer to it many times as part of what they have finished ect
[LBnFL] How can anyone over there even suggest leaving Maliki for a third term?
[millionday] LBnFL very accepting people -- lol
[millionday] so as we see -- all they talk about is the move forward with the economic reform and monetary policy banking ect --- it has to all be compliant with organizations they are involved with and try to be involved with
wmawhite] millionday ..we can see how the world is taking Iraq/CBI by the hand to get this done.
[millionday] i have to go cook -- so i will be back but we are starving so see you all in a bit
[millionday] wmawhite more like shoving them smile
[millionday] yw all the time -- thank you all for showing up and see you in a bit with more