WealthWatch.World Saturday Evening Chat with OOTW
OOTW: RIGHT NOW IRAQ HAS ACTIVATED THEIR PRIVATE SECTOR DEVELOPMENT AND AT THE FOREFRONT OF THIS IS IMPORTING AND EXPORTING REGULATIONS. MANY PEOPLE ASK , “WHAT DOES IT MEAN, 'PRIVATE SECTOR DEVELOPMENT?” LETS JUST TALK FOR A SECOND OF WHO WHAT WHERE WHEN AND WHY OF PRIVATE SECTOR DEVELOPMENT; PRIVATE SECTOR IS THE KEY TO ECONOMIC REFORM ON IRAQ.
OOTW: PRIVATE SECTOR DEVELOPMENT IS WHEN AN AVERAGE CITIZEN HAS AN IDEA FOR A PRODUCT, THEY EITHER HAVE THE PERSONAL FUNDS TO MANUFACTURE AND DISTRIBUTE THE GOODS, OR THEY GO TO THE BANK AND GET A LOAN. THEN THEIR PRODUCT IS AVAILABLE TO THE EVERY DAY CITIZEN, WHO ARE SHOPPING.
tourman: small businesses, always the engine to an economy
OOTW: YOU MAY REMEMBER SEVERAL MONTHS AGO THAT THE CABINET CAME OUT AND STATED THEY WERE GOING TO CONVERT “PUBLIC SECTOR (GOVERNMENT) COMPANIES” TO PRIVATE SECTOR – THEY'RE STILL WORKING ON THIS TRANSFORMATION – BUT THIS WEEK WE SAW THE CABINET ANNOUNCE THAT THEY'RE GOING TO ACTIVATE THE PRIVATE SECTOR – THIS INCLUDES BACKING EVERY DAY PEOPLE WHO WANT TO START BUSINESSES, AS WELL AS CONVERTING DIVISIONS OF THE GOVT TO BE MANAGED AS PRIVATE COMPANIES.
sczin11: SMALL, LARGE, DOESNT MATTER, IT IS THE CITIZEN OF IRAQ...THE EVERYDAY JOE...THAT IS THE PRIVATE SECTOR
OOTW: YES SCZIN IT COULD BE HUGE MANUFACTURING PLANT AND BECAUSE IT DOESN'T FALL UNDER THE AUSPICES OF THE GOVT IT'S PRIVATE SECTOR IN ACTION
sczin11: HOW CAN OR DOES THE GOVT HELP THE PRIVATE SECTOR
OOTW: SO I'VE ADDRESSED THE WHAT WHERE AND WHEN – NOW WHY? BECAUSE THEY NEED TO CREATE JOBS AND HAVE THEIR OWN GOODS TO SELL TO IRAQI'S TO BOOST ECONOMIC DEVELOPMENT WHICH WILL FURTHER SUPPORT THE VALUE OF THEIR CURRENCY, IE STOCK IN IRAQ – REMEMBER CURRENCY = STOCK IN A COUNTRY. TARIFFS AND TAXES – MOVING TOWARDS SHIPPING REGULATIONS – AND OPENING INSURANCE OFFICE FOR TRANSPORTERS = BRINGING IN AND EXPORTING GOODS ACROSS BORDERS.
Tex: Like a drive through Camel wash
OOTW: TEX LOL
BaronvonB: Does this include all those investors that are sitting outside Iraq, waiting to get in?
OOTW: MANY ARE ALREADY "IN" BARONVONB
BaronvonB: That would mean that there is a rate, wouldn't it?
OOTW: SO NOW WE HAVE A GREAT ARTICLE - SCZIN BROUGHT THIS TO US
OOTW: IT'S VERY TELLING
tourman: ‹@sczin11› the gov can help by staying out of the way, and keep the playing field level with reasonable laws and regulations
OOTW: HOW CAN THEY SUPPORT THE PRIVATE SECTOR..WHAT ARE WAYS IN WHICH PEOPLE CAN PAY FOR THESE "PRIVATE SECTOR" GOODS?
OOTW: TOURMAN MANY OF WHICH THEY'RE NOW CREATING OR ALREADY HAVE, ESP THE IRAQI NATIONAL PRODUCT LAW. THAT'S WHY WE'RE SEEING SO MUCH TALK ABOUT THIS LAW. THEY'RE SETTING UP FOR BUSINESS.
OOTW: NOW LOOK AT THIS
OOTW: ANNOUNCEMENT TO THE WORLD... Abadi Office: "Start your transaction from your house," the first step for electronic governance JUNE 28 2015 Confirmed the Information Office of the Prime Minister, Haider al-Abadi, the project Start your transaction from your house "was launched after preparations" marathon "lasted six months, a first step towards governance electronic step, returned that window for the use of information technology in facilitating transactions citizens and currency companies. He was head of the Iraqi Council of Ministers, Haider al-Abadi, in the 11th of June of this, the national campaign to simplify government procedures using information technologies under the slogan (your government at your service).
OOTW: "Start your transaction from your house"
sczin11: FOLKS, LOOK AT THE DATE.....
Donnie: it just came out, it's 5 AM there
quicktolegit96: I GET THIS INFO FROM YALL, THIS IS GREAT
OOTW: THEY GOING TO START ALL BANKING TRANSACTIONS, AS WELL AS GOVT COMMUNICATIONS (FOR THE CITIZENS) DIGITALLY, ELECTRONICALLY BASED ON CONVENIENCE
sczin11: was launched
OOTW: The government launched before the period of the e-government project, which is a modern system based on the use of the World Wide Web, the Internet, in linking the state institutions to each other, and linking the various services private institutions and the general public, and the development of the information available to individuals in order to create a transparent relationship is characterized by speed and accuracy It aims to improve the quality of performance. Ended (1)
[2015-06-27 19:53:08] sczin11: was launched
OOTW: THIS IS FOR ALL TRANSACTIONS INCLUDING PENSIONS, BUYING GOODS, EVERYTHING. THIS TIES IN WITH THE UN VISIT TO SET UP THEIR DIGITAL BANKING SYSTEMS. THEY DONT NEED THE UN TO HELP THEM UNLESS THIS IS GOING TO WORK ACROSS BORDERS. THEY WOULDN'T NEED THIS ONLY IN IRAQ
OOTW: THAT'S WHAT SIGOB (DIV OF UN) HANDLES
OOTW: THIS ANNOUNCEMENT STATES THAT THEY'RE GOING TO LAUNCH THIS IN JULY
sczin11: was launched
OOTW: IT'S THE VERY BEST PRIVATE SECTOR SUPPORT WE CAN HAVE - "EASE OF PAYMENT"
OOTW: THIS IS SO GREAT FOR THE PRIVATE SECTOR DEVELOPMENT AND I WANT TO SAY HOW CAN THEY STATE THAT DA'ASH IS CONTROLLING THE BANKS IN FOUR OF THEIR PROVINCES AND IMPLEMENT THIS NATION WIDE?
vtech: 4:56 AM Sunday, June 28, 2015 (GMT+3) Time in Iraq
OOTW: THEY ARE NOT SAYING "WILL ONLY BE LAUNCHED IN NON DA'ASH CONTROLLED AREAS"
OOTW: I ALSO WANT TO REMIND YOU THAT THE GOVT CAME OUT LAST WEEK AND SAID THAT IF THE CBI DOESN'T GET THEIR ACT TOGETHER THAT THE GOI IS GOING TO AMEND THE BANKING LAW TO ADDRESS THESE PAYMENTS, HOW THE BANK EARNS MONEY ON TRANSACTIONS, ETC. I HAVE TO WONDER WHEN I SEE NEWS LIKE THIS, HOW FAR HAVE THEY REALLY COME REGARDING THE BANKING LAWS AND THE DEPOSITORS INSURANCE? I'M HOPING WE'LL HAVE SOME SURPRISES VERY SOON RE LAWS, I JUST DON'T SEE THAT THEY WOULD INSTITUTE THIS WITHOUT PROTECTIONS, THEY COULDN'T
sczin11: REMEMBER... DAVOS...THE TEASER EARLIER THIS EVENING.....IRAQ IS OPEN FOR BUSINESS
quicktolegit96: GREAT FINDS
OOTW: SEE THIS ARTICLE FROM JUNE 14? I'M GOING TO PULL IN ONE QUOTE, AND AGAIN, ALL WILL BE POSTED IN MY NOTES AS USUAL
OOTW: Private banks: Central Initiative strengthened the communication channels between the banking sectors Author: Publisheron:June 24, 2015In: economy
sczin11: AND HOW ABOUT THE LOANS? To THE PRIVATE SECTORS WE JUST SAW APPROVED AND ORDERED THIS WEEK
OOTW: YES TIES IN PERFECTLY SCZIN11!
OOTW: "The Prime Minister adviser appearance of Mohammed Saleh working to improve the credit outlets and improve market outlets and provide soft loans to raise the working capacity of the private sector, noting that the Central Bank has estimated at five trillion dinars small and medium-sized enterprises financial package."
quicktolegit96: SO WHAT ARE YALL SAYING IN LAYMAN TERMS LOL
tourman: all this going on whilst their currency is kaput. somethings gotta give
OOTW: THEY LAUNCHING THE PRIVATE SECTOR AND THAT SUPPORTS THE CURRENCY WITH SOMETHING OTHER THAN OIL
OOTW: I KEEP HARPING ON THE PRIVATE SECTOR BECAUSE ITS' KEY
OOTW: ANY QUESTIONS?
quicktolegit96: I HAVE BEEN SAYING THAT FOR QUITE SOME TIME... IT IS KEY
vtech: ‹@quicktolegit96› if it doesnt potential change in value very soon your to blame quick
quicktolegit96: SO HOW ARE YALL FEELING ABOUT JULY GOING INTERNATIONAL
sczin11: ‹@quicktolegit96› THE PRIVATE SECTOR , THE KEY TO ANY NATIONS ER AND MR, HAS BEEN LAUNCHED...PERIOD!
quicktolegit96: VTECH I WILL TAKE THE BLAME JUST FOR YOU
tourman: those bonds still gotta be delt with tho
OOTW: THE TARIFFS ARE NOT SAID TO BEGIN UNTIL AUGUST 1 BUT THE ABOVE ARTICLE FOUND BY SCZIN IS VERY INTERESTING TO ME
OOTW: YES THEY DO THE BANKS NEED LIQUIDITY
OOTW: OKAY I'M GOING TO MOVE ONTO SECURITY BECAUSE THAT'S A BIG QUESTION ON EVERYONE'S MIND
quicktolegit96: MAKE MONEY OFF OF INTEREST RATES...
OOTW: YEP QUICK AND FOR THAT THEY HAVE TO HAVE THAT BANKING LAW AMENDED
OOTW: SCZIN BROUGHT US ANOTHER GREAT FIND THIS PAST WEEK, ABOUT THE JORDAN CAPITAL BANK IN MOSUL
OOTW: MOSUL BANKING - I EXAMINED MANY SOURCES OF IRAQI MEDIA – WHY DID NO ONE PICK UP ON THIS WHEN IT CAME OUT OVER A MONTH AGO? HOW COULD THIS BE POSSIBLE THAT THE JORDANIAN BANK OWNS 72% OF THE NATIONAL BANK OF IRAQ – AND YET DA'ASH IS SUPPOSEDLY IN CONTROL OF THE REGION??? IF YOU EXAMINE THIS THREAD, YOU'LL SEE THE ARTICLES INDICATE A MORE DIRE SITUATION VS THE INTERVIEW WITH BASSEM. I HAVE TO THINK THAT MUCH HAS BEEN MISCOMMUNICATED IN THE ARTICLES
OOTW: IN BASSEM'S ORIGINAL VIDEO INTERVIEW FROM MAY 2015
OOTW: HE SAID THAT DA'ASH WAS NOT CONTROLLING THE BANKS THEY ONLY ISSUE THEY WERE HAVING IS A LACK OF PRIVATE NEW ACCOUNT HOLDERS
OOTW: NOW A MONTH LATER, THE IRAQI PRESS HAS TAKEN AND TWISTED WORDS FROM THIS INTERVIEW, AND THE ARTICLE IS CHANGING DAILY
Donnie: DASSH doesn't have a problem/issue with Jordan
OOTW: I JUST WANT TO POINT THAT OUT SO YOU ALL CAN BE MINDFUL
Donnie: so leave a Jordan owned bank alone
OOTW: NO HON, THIS BANK HOLD ITS HEADQUARTERS IN JORDAN WITH A LARGE PRESENCE IN MOSUL. IT'S STILL IN DA'ASH TERRITORY, SUPPOSEDLY, AND HOLDS 72% OF THE SHARES OF THE NATIONAL BANK OF IRAQ
OOTW: SUPPOSEDLY..HOW WOULD IRAQ ALLOW THIS IN AN AREA WHERE ISIS IS ALLEGEDLY CONTROLLING THE BANKS? IT'S JUST CURIOUS AND A QUESTION PUT TO YOU ALL FOR THOUGHT
OOTW: OKAY I WANT YOU TO SEE THIS ARTICLE I FOUND TODAY, IT'S VERY INTERESTING
OOTW: Transportation: $ 121 million revenue to cross Iraq's airspace by aircraft In the world of economics and business June 14, 2015Comments on Transportation: $ 121 million revenues aircraft crossing Iraq's airspace closed 9 visit Transport Minister Bayan Jabr, said that the ministry Rphit general budget to 160 billion enlightened. A statement of the ministry, on Sunday, for Zubaidi said, "The ministry has succeeded in providing the general budget of B121 million dollars (160 billion dinars) in revenue planes crossing Iraqi airspace".
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OOTW: "CROSSING IRAQI AIRSPACE"
OOTW: "The ministry has fought a long discussion with the Organization of IATA Iraq to pay dues, which were stalling to repay the organization under the pretext that there Company filed on Iraq." Zubaidi said that "the money would not have been paid to Iraq, but for the escalation, which resorted to legal means followers of the ministry in the United Nations, and to inform the representative of Iraq followers of legal ways of obtaining the right of the Iraqi".
BaronvonB: Not landing?
OOTW: I'LL CONTINUE BARON
sczin11: WHO IS PAYING THE MONEY QUOTED HERE?
OOTW: He stressed "the follow-up to the rest of the Iraqi funds, and increase imports of the ministry and its earnings to finance its budget and supplement the government's money."
OOTW: THEY'RE TALKING ABOUT A TAX TO THE INTERNATIONAL COMMUNITY ON REVENUES FLYING OVER IRAQ – THIS INCLUDES CROSS BORDER AIR TRAVEL, THAT'S INTERNATIONAL . THIS FALLS UNDER REGULATIONS OF INTERNATIONAL REVENUE – – THIS IS A BIG DEAL !
sczin11: AND WHY NOW, AND NOT IN RECENT HISTORY?
sczin11: AHHHHH, OK
OOTW: EXACTLY SCZIN11
OOTW: Another way of reducing budget deficit..another form of revenue, BUT MORE IMPORTANT, IRAQ BEING RECOGNIZED AS A NATION WITH INTERNATIONAL RIGHTS...ANOTHER POSITIVE INDICATOR WE SAW THIS WEEK IS THAT THE MINISTRY OF TRADE IS OPENING INSURANCE OFFICES TO COVER TRANSPORTATION CROSS BORDERS
OOTW: ALL BORDER'S
OOTW: AND TO TIE IN WITH THIS
sczin11: SO WE HAVE MORE INFORMATION, ON DEFICIT REDUCTION IN THE BUDGET OF 2015, MORE REVENUE NEVER SEEN BEFORE IN INK, OR TALKED ABOUT, THAT I RECALL, RELEASE ALMOST TWO WEEKS AGO, AND NOONE FOUND IT
OOTW: [Image: grin.png]
OOTW: ANOTHER GREAT INDICATOR WE HAVE IS THAT ZAIN IS FINALLY GOING PUBLIC
sczin11: OR THOUGHT IT TO BE SIGNIFICANT.... THIS IS HUGE...IRAQ IS BEING RECOGNIZED AND NOW COMPENSATED BY THE INTERNATIONAL COMMUNITY FOR ALLOWING USE OF THEIR AIRSPACE...
OOTW: YES GREAT POINT, SCZIN11!
OOTW: A COUPLE ASPECTS I'D LIKE TO POINT OUT. THERE WILL ALWAYS BE MONEY LAUNDERING AND COUNTERFEITING IN IRAQ, AND EVERYWHERE ELSE, EVEN AFTER "MONETARY REFORM" TAKES PLACE
sczin11: AFTER 5 YEARS, OF WHATEVER POSSIBLE GOVERNMENT INTERFERENCE, ZAIN IRAQ, IS BEING TRADED ON THE ISX....
OOTW: THIS (COUNTERFEITING AND LAUNDERING) HAS ALWAYS EXISTED
sczin11: FOLKS, THIS IS HUGE INFORMATION, RELEASED FOR THE WORLD TO SEE....
quicktolegit96: ONLY TRADING GOING ON IN COUNTRY?
OOTW: THE CABINET ISSUED AN OFFICIAL ANNOUNCEMENT TO SUPPORT WHAT THE MINISTRY OF TRADE HAS REPORTED RE THE INSURANCE OFFICES AND STATED THAT THEY'RE GOING TO INSTITUTE CROSS MINISTRY OVERSIGHTS OF ALL GOODS BEING TRANSPORTED ON LAND BORDERS
caracam: I'm floored by it all thank you
OOTW: OUT OF COUNTRY QUICK
OOTW: YW CARACAM
OOTW: I'LL POST EVERYTHING WITH LINKS, SO YOU CAN SEE
quicktolegit96: OUT OF COUNTRY WITHOUT BEING INTERNATIONAL?
sczin11: THE PIECE OF THE PLAN, THE PRIVATE SECTOR DEVELOPMENT PIECE, HAS BEEN LAUNCHED FROM MANY DIRECTION
OOTW: YES, THAT'S PECULIAR ISN'T IT QUICK?
OOTW: YES THAT'S THE PRIMARY ASPECT SCZIN11
OOTW: SO ANY QUESTIONS ? THERE'S PLENTY MORE SUPPORTING INFO WHICH I'LL POST IN THE FORUM AND I HAVE ONE FINAL THING TO SAY
quicktolegit96: OOTW SCZIN HOW PROMISING DOES JULY SOUND? LOL
OOTW: THE SUPREME JUDICIARY AND THE HOUSE OF REPRESENTATIVES ARE GETTING THE ISSUES DETERMINING WHAT CONSTITUTES A MAJORITY TO PASS LAWS - STRAIGHTENED OUT. THEY'VE SAID THEY'RE GOING TO WORK THIS OUT BEFORE PARLIAMENT RETURNS I HOPE THEY DO
sczin11: ‹@OOTW› THANK YOU FOR PUTTING THE PIECES TOGETHER FOR ALL OF US, SO METICULOUSLY, AND ELEGANTLY
sczin11: SORRY, THGHT U WERE DONE
OOTW: THANKS SCZIN11! HONESTLY I COULDN'T DO IT WITHOUT YOUR INVALUABLE HELP AND NO EVERYONE I'M NOT BROWN NOSING LOL
OOTW: NO ONE MORE THING
quicktolegit96: IF TARRIFS ROLE OUT AUG 1, DOESNT IRAQ NEED A RATE BETTER THAN 1166?
OOTW: EVERYONE, WHEN YOU COME INTO THE CHAT ROOM AND YOU SEE NOT MUCH GOING ON....I URGE YOU TO READ THE FORUMS, BECAUSE THAT'S WHERE WE POST OUR "BREAKING NEWS" AND NOT ALWAYS IN THE CHAT ROOM
sczin11: ‹@quicktolegit96› I WOULD THINK SO
OOTW: QUICK ALL I CAN SAY IS THAT IN THE "50/100K" ARTICLES QUOTING SALEH, HE SAID THAT THE RESERVES SUPPORT A "DOUBLE" ING OF VALUE OF THE DINAR..THE RESERVES SUPPORT THIS TWICE OVER
quicktolegit96: CREDIT RATING, LOANS, INTEREST RATES, LAWS IN JULY.....HMMMMM
OOTW: AND HE SAID THAT WE WOULD SEE THE VALUE OF THE DINAR "DOUBLE" TO OFF SET THE TARIFFS
OOTW: WHAT REALLY WILL HAPPEN, I DONT KNOW
EdoBini: These news information tonight are very refreshing. Thank you so much
OOTW: AS YOU KNOW I'M NOT A PUMPER
quicktolegit96: BEST NEWS TONIGHT IN AWHILE, TY
OOTW: AWWW THANKS QUICK
quicktolegit96: OOTW I KNOW UR NOT SIS
OOTW: I TYPICALLY WON'T HOLD A CHAT UNLESS I THINK THE NEWS IS TRULY GOOD AND I CAN BACK IT UP
OOTW: THANKS QUICK
vtech: ‹@quicktolegit96› your grounded
quicktolegit96: NO, TY TO BOTH YOU AND SCZIN
vtech: for stating that name
OOTW: 2/10 OF A CENT (THEREABOUTS) WOULD BE "DOUBLE"
OOTW: NOW THIS IS ONLY FROM ONE ARTICLE , SO DON'T GET YOUR KNICKERS IN A TWIST. WE DON'T KNOW FOR SURE WHEN SALEH SAYS WE HAVE DOUBLE THE RESERVES TO BACK THE CURRENCY HOW / IF THAT WILL APPLY TO A RATE - I'M ONLY PROVIDING AN EXAMPLE BASED ONE ONE ARTICLE.
Satrib: nothing beats just straight facts...no false hope or expectations.....just news saying what HAS happened......I like it
OOTW: EVERYONE CAN YOU PLEASE REFRESH?
Mayja811: Thank you !
OOTW: SURE MAYJA811
sczin11: FOLKS, LETS LET IT GO , PLEASE
quicktolegit96: JAR SUP DAWG, GREAT NEWS TONIGHT
OOTW: WE NOW RETURN YOU TO YOUR REGULARLY SCHEDULED CHAT ROOM
sczin11: ‹@OOTW› TY AGAIN
Wheresmyrv?: Thank you OOTW [Image: smile.png]
OOTW: SURE SCZIN11 AND TY!
quicktolegit96: DONNIE SHUP IT
OOTW: THANKS EVERYONE, HUGS
quicktolegit96: OOTW SCZIN U ROCK, CHATTELS U2
OOTW: THANKS SATRIB
caracam: thank you all
Content originally from http://wealthwatch.world
http://wealthwatch.world/showthread.php?tid=578 (Mosul Banking Articles)
http://wealthwatch.world/showthread.php?tid=618&highlight=transportation (Ministry of Transportation Articles)