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Rcookie / Mr White & Hutch News Time 11-21-16 Part 2 of 3
Financial market investors achieve goals
14/11/2016 0:00 BAGHDAD / Imad emirate achieve financial market double economic found the national economy and the economy of the family through the investment of funds in investments directed to the sustainable development of the national economy.
As the financial market plays a clear role in the absorption of a large part of domestic savings and partly from foreign Maddharan, no reason based on the file economic in the country to the attention of securities sector to keep pace with global markets, as many of the owners of financial savings there can not find room to invest only through these markets, according to observers, this money finds its way to the asylum money, they are thebusiness sector, who are in desperate need them to finance their projects in the form of investment real.
Dr. academic Imad al - Ani said that the investment mechanisms are reflected in the financial market in the form of increases in the rate of investment , which doubles the rate of economic growth by attracting surplus funds brokered this market.
and added in an interview for the "morning "by increasing the movement of the money and the speed of rotation in the market, it makes the market enjoys a high degree of liquidity provided to the economy to raise the rates of growth.
the different concept of liquidity of the financial market for the general concept of the market, since the last known as the asset 's ability to be converted into cash quickly, easily and cost low, while the first is defined as trading buying and selling securities ability to issue securities and ease of handling are facilitated by the accumulation of money in the financial market process.
, said al - Ani, of the most important reasons that pay money owners to invest in a portfolio is that these investments are characterized by quickly implement any speed converted into cash easily and at a low cost.
noting that it depends on the degree of liquidity of the financial market and its effectiveness as the greater the degree of the market becomes more efficient liquidity tools and so I took these tools comparable assets in terms of liquidity , with the exception of currency and deposits ongoing.
and between Ani: enjoy this investment returns suitable for individuals dealing with, particularly those with fixed - income instruments, which pays individuals savers to convert their possession of the funds with commercial banks and other financial returns.
and continued Alani, if there is a high demand to subscribe to new securities in the primary market (version market) matched high demand also in the secondary market (trading market), it will facilitate thepossibility of borrowing from the financial market for asylum - money, as evidenced also the existence of sufficient cash flow for securities issued to absorb newly as well as the speed of circulation in the market of Finance.
concluded Ani his speech by saying: the financial market has achieved thegoals of investors seeking capital through the ease of financing investment projects and thus reduce the liquidity problem afflicting including investors.
also achieved at the same time the desires of savers exhibitors of capital to ensure suitable for them profit by directing their money in the form of a variety of securities, and then the flow of funds from savers to investors through the financial market.
Central Investigating Court demanding the lifting of the immunity of deputies in the House of Representatives
Central Investigating Court demanding the lifting of the immunity of deputies in the House of Representatives
Mon, 14 Nov 2016 09:47:21 Views: 297
She noted a document obtained by the observer news that the Central Investigating Court, the House of Representatives called for the lifting of the immunity of deputies in the Council.
The document showed that "the request to lift the immunity of MPs" student Kharbit "for coalition forces and" Ali Attia Mapa "of the coalition of state law, at the request of the Attorney General, based on the sidelines of the head of the Supreme Judicial Council,
The document stressed that "the demand to lift the immunity was due to a complaint filed against them and ordered the recruitment issued in accordance with the provisions of Article" 229 "of the Penal Code."
Marshes receive the first presentation of investment by French Thanked
Khalk: said first deputy governor of Dhi Qar just Aldechala that French companies and investment reached Nasiriyah to show its willingness to invest in the marshes and archaeological sites , areas across the province and the transfer of the French experience in it.
This came during a meeting with the Governor of the French city of Vikos Hossam angel in the presence of the second deputy governor of Dhi Qar and number assistants and advisers and local officials.
He Aldechala that the global French companies expressed interest to implement projects promote the reality of tourism, economic and cultural in the marshes , and the effects of Dhi Qar , through the involvement of French and Iraqi cadres composed of scientists, engineers, consultants , specialists in various fields of tasks to go out into the world.
He said the government is ready local legislative and executive , both creating a suitable ground for the work of the companies on the ground and to provide full support to them in order to establish a giant investment projects commensurate with the size of the marshes and Antiquities , which entered the World Heritage list and work to protect and develop and focus on the cultural and economic aspects and the addition of new and serious strategy through a joint partnership between the side French and Iraqi.
He Aldechala to the intention of the French side of the Iraqi Association Created French peers , similar to that of the countries that possess archaeological sites and the marshes and their work is protected and developed using the expertise and competencies relevant aspects of tourism.
US CALLS FOR IRAQ CREATE REAL INVESTMENT OPPORTUNITIES
Long-Presse / Basra Urged the US Department of Commerce on Wednesday, Iraq to create a "real opportunities" can be funded by investors, and change the existing formulas for decades and provide greater facilities for business, and while I went back to tourism investment is "best suited" to Basra, the southern provinces called for the establishment of projects suited to their needs and "non-clone" of those carried out with other governorates.
The adviser and the US Secretary of Commerce, Mays Alabbosi, at a press conference at the US Consulate building in Basra, attended (range Press), "The US Department of Commerce held workshops with the Iraqi government and relevant ministries, such as planning, oil, electricity, construction and housing for the definition of project financing in Iraq and developed within the framework of global investment in the current financial crisis experienced by the country."
She called Alabbosi, to "find real investment opportunities planned according to global standards to reassure foreign investors and provide an opportunity for funding," stressing the need "to do projects with a cost of less than $ 40 million in order to ensure easy financing and implementation."
She adviser and US Secretary of Commerce, that "Basra could see the implementation of tourist investment projects being the most appropriate at present, in light of falling oil prices and the need to rely on an economy based on the successful projects", usually the "southern provinces should see the establishment of projects suited to their needs and it is reproduced from those that implement other governorates. "
She urged Alabbosi, the concerned authorities to "change the conditions and legal and financial contracts for projects formats and provide facilities to attract investors."
The legal adviser of the US Department of Commerce, Mays Abbas Alabbosi, announced in (the twentieth of October 2015 the past), all seeking to activate twinning signed the Convention in 2012, between the cities of Houston and American Basra, to take advantage of the first experience in the oil industry development, especially that Basra can be a center of the oil industry
Raise three zeroes from the Iraqi currency's progress and evaluation
hutch says():Raise three zeroes from the Iraqi currency's progress and evaluation
Sunday November 20, 2016 - 04:54 Amer al-Abadi
It seemed Iraqi dinar value worth (7) grams of gold at the beginning of its release by Release Act in 1931, and in 1959 was issued a new law of the Iraqi national currency
Iraqi monetary and banking system continued to evolve, and reached the value of the Iraqi dinar to (3.3) billion until the beginning of the war with Iran , which led to a significant breakdown in Iraqi currency in 2004 , the former Governing Council to replace the previous currency , which was a symbol of the former regime new are currently traded in the currency and is now dealing in the currency of the seven categories: 50, 250, 500 and 1,000 and 10,000 and 25,000 dinars.
Unlike the Arab countries do not exist in Iraq about 25 years since the coins.
It was scheduled to be the project to delete the three zeroes in 2011 and did not perform and then postponed to 2013 then postponed to 2015 .. and now the decisions implementing the plan early in 2017 knowing that the process of deleting the zeros have occurred in several countries.
Delete the three zeroes from the Zimbabwe dollar in 2006 and Romania omitted four zeros from its currency in 2005. deleted Bolivia three zeros from its currency in 2008. Turkey removed six zeros from its currency in 2005.
Sudan delete the zeros from its currency in 2007 , has said the central bank director Mahdi Keywords saying " The central bank began the first steps of the project through the selection of designs, companies and the country that will be printed currency."
He pointed out that " the new currency entry does not mean the destruction of ancient coins,but will continue to trade for about ten years , " pointing out that "this period will enable the central bank to withdraw the old currency in accordance with the known dynamic in order to preserve liquidity in the market."
Justification for the replacement process
1. presence worth 30 trillion dinars cluster of large cash the number of leaves 4 billion paper
2. currently the largest category of cash is 25,000 dinars ,equivalent to $ 21 almost This requires larger and effort great to settle daily transactions therefore became the amounts in excess Akiemha for the 20 million are in dollars.
3. The existence of damage to a large proportion of private small categories currency and inadmissible in circulation and make up one - third of the money supply almost
4. difficulty making the calculations under the numbers increase the number of Ocefarha 14 zero practical, technical and probability of error occurred either by adding a zero or delete it .
The benefits of the replacement process
1. security .. reduce the risks entailed in carrying large amounts.
2. fall counting the costs and Altdeghiq.ma categories were the biggest
3. The lifting of zeros will create a psychological effect among citizens through the strengthening of its currency and adopted more broadly rather than foreign currency
4. Aldenarabraghi inclusion within the global currency basket and handle it officially the world 's stock exchanges and financial markets.
5. possibility of economic agreements to deal in national currency and this will cover a very large part of the foreign remittances that are squandering of national wealth from foreign exchange.
6. will be disposed of manipulating the currency exchange market
7. stop the work of the corrupt shady banks and their agents and Smaserthm
8. will be determined ceiling for amounts transferred abroad from active currency exchange to ensure that no currency smuggling.
9. Aatherngairalamlh of the desire of a high exchange rate of the currency psychological aspect. This rise enters the joy of the return of the dinar to the rich past.
Cons replacement process:
1. The emergence of the problem of calculation between the old and new numbers in trading in reading and managing their trillion figures ..
2. need to print large groups
3. Foreign shares of the Stock Exchange will be reduced to 20% on foreign investment because the thought that a change in currency will reduce profits.
4. write - off of three zeros from the currency may contribute to creating a state of monetary illusion
5. will cost the state budget large sums Z such that the sections of financial corruption, besides the lack of addressing the problem of inflation because the Iraqi market importer of all goods and services from abroad , which means depletion of hard currency.
6. No official data on the cost of the Iraqi banknotes there. Note that the cost of the banknote in Britain 7 US cents. Enough to know the number of traded securities permission to give an idea of the total cost.
7. four billion paper. Thus the cost of becoming a printed $ 289 million. This amount is pointless
8. Add to this a further Stamping metal pieces not to mention all the money needed to cope with the consequences of removing zeros as replacing postal and fiscal stamps.
9. feeling of poverty: the deletion of zeros leads to the feeling of poverty, it had a ten million dinars Pat does not have only ten thousand of them
10. expectation of rising prices.
11. front of the inevitability of the Kurdish language in the introduction to the first version of the coin after the entry into force of the new constitution must benefit from the experiences of other currencies. For example the euro many folks in Europe, but not in it any language but symbols, numbers , and pictures only exist.
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