Post From Dinar Updates By Rudie Part 1 of 2
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Millionday News 1/26/14
[millionday] Completed and the Ministry of Commerce printed model of the ration card form the full two years 2014 - 2015 specifications secure and tamper-proof, the number of 8.5 million card for families covered by them.
said Director of Monitoring and Planning in the Ministry Hussain Farhan cream "morning". Said Angels ministry has completed printing models ration card for two years (2014 _2015), for all the provinces,
[millionday] adding that the number of cards exceeded 8.5 million to the families of the card included in the database system Supply.
He added that the model of the card will be locked and not subject to fraud and damage because it contains cellulose and cotton, as well as the secret tape and Alvesforat.
Read More Link On Right
[millionday] so finally they have all smart cards done and the expiration of these cards are the end of 2015 great news smile brb with more
[millionday] this is historical and amazing news - here we go >>>>> In a sign of increasing trade exchanges, Iraq and Iran have reopened a new border crossing at the Kurdish city of Mandali in the Province of Diyala.
The crossing was active some 30 years ago and was one of the oldest routes for the exchange of trade and passengers between the countries. But it was closed at the start of the 1980-1988 Iraq-Iran war and has remained shut since.
“The decision by the federal government (in Baghdad) to reopen the crossing is a step in the right direction. It will secure more than 1500 new jobs for the town of Mandali,” said Azad Shafi, head of Mandali’s municipal council.
[millionday] Iran has emerged as Iraq’s top trading partner. It has numerous border crossings with Iraq along a boundary that runs for 1,458 kilometers from the head of the Gulf to Turkey. Six Iraqi provinces border Iran and some of these have more than one border crossing with the country’s eastern neighbor.
“Unemployment rates are as high as 20 percent in Mandali and adjacent areas. The opening of the crossing will certainly lead to economic prosperity and boost exchange of goods,” said Shafi.
[millionday] note -- opening for trade after 30 years is huge and obviously shows the beginning of trade in the works with Iran
[millionday] end of report >>>
[millionday] He said the Mandali crossing was going to assume “added commercial and economic significance” as it is the closet to Baghdad with which it is linked by a good highway.
Shafi predicted a flurry of trade activity originating in the Province of Diyala, north of Baghdad.
Last year volume of trade exchange between the countries, according to official statistics, was estimated at more than $13 billion and is expected to exceed $15 billion this year.
The statistics did not include the Kurdish region whose volume of trade exchanges with Iran was estimated at more than $4 billion last year.
[millionday] huge news and such a long time ago – smile brb with more
[millionday] this is more of CBI plans that they have made to enhance their economic condition
[millionday] Dr. appearance of Mohammed Saleh: that the announcement of the Iraqi Central Bank intention to sell gold coins to the public would pave the way for the re-emergence of banks mortgages in order to serve the Iraqi economy.
Was the central bank, and in consultation with the Committee on Economic Affairs, has decided to recently coined a variety of pure gold bullion weights ranging between (5 g and 1 kg).
He announced immediate measures contracted to import them and then sell them through the banking system, as this procedure represents a monetary policy tools. Origins Rsanaozkr Saleh told the (morning) that this measure comes to the purpose of diversification means savings for citizens and the provision of large quantities of gold from the origins of solid and reliable SOLD dealers in gold,
[millionday] investors and segments of society wishing to do so in Iraqi dinars. economist said: that this step has been the study of economic feasibility, by the Central Bank for the purpose of selling gold coins and cash and other foreign currencies as well as treasury transfers to the public soon.
[millionday] note -- T-bills coming for the public sale soon as well
[millionday] here is more they have reported >>>>> banks Alarhunoaodh that this measure would contribute to the return of banks mortgages that accept mortgages Almkhclat gold for the money you borrow citizen to walk its affairs from buying houses or cars or other, indicating that the current safeguards required by the banks is the mortgage has contributed significantly to the decline in the proportion of credit to very low levels if as measured by rates of credit for other Arab countries.,
and pointed out that a central bank that would raise the proportion of credit (loans granted by banks to citizens), which amounts to 5 percent, a very small percentage of Ataatmashy with liquidity in government banks
[millionday] note -- that would be along with the way that is done in the region -- according to what they make etc
[millionday] origins Aalmihoadav that the citizen has confidence absolute dealing with the government means he trusts gold imported by being assured and the origins of global and better than that items imported traders at the moment,
and therefore this measure will enhance the chances of increasing credit including reflect positively on improving the situation of citizens living and the national economy in general. pointed to that there are a lot of people have the amounts of gold and do not have a property underscores the need to return the banks mortgages Trahan gold in return for cash for certain periods and the interest rate agreed upon by the two sides,
adding that the measure will move also wheel of the national economy towards the construction and reconstruction and moving a lot of economic sectors
[millionday] note -- it is great seeing that they are expecting the entry of the globe to raise their economic abilities and worth -- that is what we want to see --
[millionday] note -- other metals >>>>>>>>>>>>>>>>>>> metal Alinvessoban that this measure was in force earlier in the eighties of the last century, but the circumstances of the siege in the nineties of the last century has made people focus on buying the dollar to ease and speed of discharge in the markets as well as the precious metal is difficult to transfer it to the outside and therefore this measure contributes to the strengthening of assets among the public by keeping gold within the country.
Salih noted that the treasury transfers and government bonds is another way of means of monetary policy, but not circulated by the public for limited circulation currently on banks and private banks on the one hand and the weakness of financial awareness among the citizens on the other hand,
explaining that the Treasury Notes Short term expires at the end of the year which comes to finance the deficit of my time while the central bank bonds are long-term and will continue over the years., and that the bonds between the bank and the Treasury Notes sold in a weekly auction held by the Central Bank for this purpose.
[millionday] so as we see they are expanding their banking market to the public and for the market in a huge way -- short term treasury and long term as well with the sale of metals --- huge huge expansion of the banking market ---
[millionday] wow do they have a lot to talk about at the banking conference -- smile
[millionday] they will be expanding their value with all of these tools brb with more
[Imperator] They are stacking the building blocks of a real economy. These tools are necessary to support their currency.
[Domino] Imperator And IMF & WTO compliance
[millionday] know one thing -- these tools they are announcing are only useful with a market economy and the country taking part in economic relations with the globe --- this is huge to import gold and metals and also T-bills -- huge
[millionday] here we go with more >>>>>> Farah pumice with the expectation of the government that the rate of oil production in the year 2014 to four million barrels per day ,
which contributes significantly to supplement the state treasury amounts of additional financial , escalated calls for the distribution of allocations to new outlets to increase growth in the Iraqi economy based on creating a balance between economic sectors .
[millionday] note -- this is going to show more they have announced to the citizens about the growth of their economy in a hurry
[millionday] . general manager of the single window in the national Investment Commission , Dr. Abdullah al-Bandar said "morning" : that "the balance of 2014 is healthy , and has seen an increase for the year 2013 , ie, in the sense that it increase in infrastructure projects and investment projects other within the plans of ministries , institutions and provinces. "
the government has allocated 40 per cent of the construction and development projects within the general budget for the year 2014 , while I went 60 percent to the operating budget . however,
[millionday] , Bander encouraged to increase this percentage and distribution evenly between budget investment and operational condition that investing institutions and ministries such amounts on according to the curriculum of investment allocated to it ,
if Event reluctance in these amounts , there will be waste in economic development , especially since the development depends on investment projects and infrastructure projects . also noted that " whenever available checks economic growth is achieved attract other investments for the development of economy, the contribution of economic sectors in growth. "
[millionday] note -- he is stating that they are reliant on huge investments so they need it in all sectors ---
[millionday] note --- this is an understanding for the citizens of how much the budget is going to help them all with jobs and investments ---
[millionday] promised the percentage allocated for construction and development of" good " , if exploited correctly in accordance with the curriculum of investment planned ,
but not returned these amounts or not acted properly ." and on the adoption of the price of a barrel of oil of $ 90 for the preparation of the budget ,
said Bander data of the global economic indicate that oil prices are unsafe , especially in the conditions of the world oil market , especially because they rely on a lot of influences , including political, military or economic result of economic cycles experienced by global markets and depends on the global demand for oil . , but also said that " oil prices have stabilized in the past few years on the higher prices of $ 90
[millionday] note -- this is saying that it is dangerous to have your revenues so dependent on one sector as they are in oil ---kind of like -- "all your eggs in one basket"
[millionday] notice how much they are expecting to get from oil exports -- obviously planning on taking their place on the oil production scale -- smile
[millionday] " expected a surplus if prices remain conservative at this level , "although he acknowledged that he price " high " , so it should be there will be a reserve for emergencies.
and budget amounts to the year 2014 , more than 163 trillion dinars , of which more than 62 trillion dinars to project expenditures and more than 98 trillion dinars for current expenditure ,
and monitor the amount of $ trillion and 700 billion dinars for capital expenditures , while has been allocated 150 billion dinars as a reserve of emergency, as calculated revenue from export of crude oil on the basis of the average price of 90 dollars per barrel at the rate of export of three million and 400 000 barrels per day , including the amounts of crude oil produced in Kurdistan
[millionday] note -- if i remember right they were expecting the price to be 80$ per barrel when they were at this point in economic development so this is good news
[millionday] also stressed Bander the cursor upward in oil prices contributes to the kind of reassurance that could lead to additions securities during the first six months ,
and this extra money will be distributed between the doors of the supplementary budget will be devoted entirely to investment projects what is a positive indicator . pointed to the importance of finding the doors in the budget law for the distribution of allocations between new outlets to achieve further growth in the Iraqi economy based on creating a balance between economic sectors and reduce reliance on oil is recognized as income contributes to the rate of about 70 percent in the gross domestic product , pointing out in this regard,
[millionday] last of this announcement >>>>>>>>>>>>>>>>>> "We want to increase the contribution of other sectors and the elimination of unemployment and reduce the burden on the government in Employment , especially given that the career sector continues to inflation at the expense of the growth of other economic sectors ,
which indicate a decrease in production with having to import essential commodities and consumer goods , food and out a lot of foreign currency abroad , thus causing an imbalance in the balance of payments , and when it can not reduce the differences in the balance of trade "
[millionday] so they are expecting and they should that when they open their market they should not be as reliant and of course with their goal of being in the wto next month they need to expand their private sector and really all sectors ---
[millionday] jobs in this case will be on the way with so much more money coming from oil -- they expect --
[dandeloin] Question on timing of wto
[millionday] they announced that their goal is next month to be active --- that is what they are working in such a hurry to also achieve
[millionday] we love to hear that --- progress
[millionday] yw all the time brb with more
[millionday] they stated they were but this is Iraq so i am adding an expect -- smile
[wheresmyrv?] Great news about the WTO!
[millionday] brb with more
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