Millionday News 5/17/15 Part 1
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Millionday: Ministry of Labour and Social Affairs, a new draft law under consideration and approval by the State Council, includes Tndij pension law and social security for workers to commensurate with the current economic situation and international standards.
Millionday: NOTE -- PART OF THE INTERNATIONAL STANDARDS ARE SOCIAL SECURITY AND PENSION LAWS -- SO LABOR BENEFITS
Millionday: According to a statement of the ministry, on Sunday, the agency received all of Iraq [where], a copy of the "legal department in the ministry, prepared a study for the project includes Tndij pension law and social security for workers,
to expand the coverage categories provisions of the law and working within international standards", adding that " The ministry is keen to consider the observations of the ministries in this regard.
Millionday: NOTE -- THIS IS ALL INTERNATIONAL STANDARDS BECAUSE THERE WILL BE INTERNATIONAL WORKERS EXPECTING TO RECEIVE WHAT THEY ARE USED TO GETTING IN COMPLIANCE OF LABOR
Millionday: He added that "the ministry has formed a special committee for the purpose of study notes, which are set by the ministries,"
pointing to "the Commission received observations by the Ministry of Communications about the possibility of the inclusion of the elderly and the children of the Awakening workers in their ministries in the draft pension law and social security for workers who are not on the permanent staffing.
Millionday: NOTE -- CHILD LABOR AND RETIREMENT LAWS ARE APPLIED ETC -- COMPLIANCE -- NICE
Millionday: The statement said that "the ministry is keen on the inclusion of workers in the private sector, the provisions of the law of retirement and social security for workers, within its strategy in the elimination of unemployment, and poverty alleviation."
He said the "adjustments contained within the new project include items commensurate with the current economic situation and international standards.
Millionday: SO AS WE SEE HERE -- IRAQIS MUST BE VERY HAPPY TO SEE THAT BENEFITS ARE COMING WITH MORE WORK -- WHAT A GREAT THING TO KNOW AFTER ALL THIS TIME
Millionday: ACTUALLY THIS IS GREAT -- THE IRAQIS ARE GOING TO BE COMPLIANT WITH INTERNATIONAL LABOR LAWS
Millionday: WE LIKE PROGRESS ALWAYS
Millionday: NOTE -- UNDERSTAND THAT WE HAVE SEEN THIS DONE BEFORE AND THE DESIGN SO IF THEY ARE PRINTING MORE IT IS NOT A SHOCKER –
WE HAVE SEEN IT IN OUR OWN COUNTRY -- OR THIS IS NEW OR THIS IS MORE -- THE THING IS --THE DESIGN WAS MADE A LONG TIME AGO -- SO NO WORRIES AS WAS EXPRESSED HERE BEFORE NOW ---
Millionday: Manager version in the Central Bank Ihsan al-Yasiri, the central Iraqi prints thousand paper of class 25 000 dinars in Arsn international companies at a cost of less than $ 60,
noting that the bank will not spend significant financial liquidity for the printing of the new denominations because the cost of a few.
The Yasiri's (IMN) that "the central bank is serious about printing new cash categories that will be one of the two categories of 50 and 100 000 dinars, which is in the process of selecting designs and corporate printer."
Millionday: NOTE -- THEY HAVE MENTIONED SO MANY DIFFERENT DENOMS THAT WE OBVIOUSLY KNOW NEW DENOMS ARE BEING PRINTED AND HAVE BEEN IF WE GO BY THE INK WE HAVE READ IN COMPLETE DETAIL OF HOW IT IS DESIGNED AND ITS SECURITY
Millionday: NOTE -- I WONDER WHAT THIS IS FOR ? -- HMM WHAT COULD IT BE ?
Millionday: He continued that "copyright decision of the powers of the Central Bank exclusively because it is part of the monetary policy, which can not interfere by any party,
"stressing that" printed currency project is necessary to modify the Iraqi banknotes structure in preparation for the implementation of the project to delete the zeros.
Millionday: He pointed out that "the Iraqi dinar is very strong currency but restructuring banknote weak because the largest coin is a class of 25 dinars, equivalent to $ 22, and this weak structure makes the citizen prefer to deal instead of the dinar to the dollar.
said Prime Minister for Economic Affairs Adviser appearance of Mohammed Saleh, earlier, that the draft Print Central Bank of Iraq large cash categories, an important step on the road to monetary reform,
which supports the country's economy, Mbenaaon Iraq is suffering a contraction in liquidity, whether in dollars or dinars as a monetary bloc in Iraq size of about 40 trillion dinars.
Millionday: SO LET ME GET THIS RIGHT -- I DONT WANT TO CONFUSE ANYONE BUT --- 25 DINARS EQUALS 22 US DOLLARS ? HMMM
Millionday: NOTE -- NOT TALKING ABOUT GOING TO BE BUT SAYING IT IS THAT VALUE
Millionday: AND ALSO THE HIGHER VALUE WILL BUY MORE SO THE CITIZEN WANTS TO USE THE DINARS -- NICE
Millionday: SO WHAT WE ARE LOOKING AT IS THE GREAT HAPPINESS ABOUT THE MONETARY POLICY -- AND ITS MOVE TOWARD ALL THAT NEEDS TO BE DONE -- WE CALL THAT ACTION
wvchsr19: in the report it said they were going to print the 50 and 100K, not 50K and 100K.. what happened to the 50K note
wvchsr19: did that get squashed?
Millionday: THERE IT IS >>>two categories of 50 and 100 000 dinars,
wvchsr19: so no 50k note anymore?
Millionday: YES 50S ARE LISTED THERE
Millionday: two categories of 50
Bax: in the second paragraph.. it says that they are now designing the note and selecting a printer.... to me that means that they arent even printed yet... if they are to precede the deletion of the zeroes... this could be a long wait....
Millionday: I HEARD THAT YOU WERE FEELING THAT WAY BEFORE BUT TAKE IT FROM US LONG TIMERS -- THEY HAVE ALREADY TOLD US THE COMPANIES THAT GOT THE BIDS AND THE DESIGN
Bax: I am a long timer.. nine years..plus..thats what scares me
Bax: you cant print these notes in 30 days
Millionday: THEN WHAT ARE YOU SAYING -- THEY EVEN TALKED ABOUT THE SECURITY AND THE EXPENSE AND THE MOST SECURE IN THE WORLD AND THE COLORS ETC ETC
teddi: Are you sure that the phrasing of the 50 and 100, 000 isn't 50,000 and 100,000--just the way they happen to write it --that the 000 refers to both 50 and 100.
Millionday: I HAVE TO SAY THAT SOMETIMES THE WORD TRANSLATES TO COIN AND SOMETIMES BILLS AND SOMETIMES TENDER AND SOMETIMES DINAR -- SO THE BOOK WE HEARD ABOUT IN THE CALL IS VERY INTERESTING
Millionday: I KNOW ONE THING
Millionday: THE WHOLE CONVERSATION IS ABOUT THE APPLICATION OF THE MONETARY POLICY AND THE REMOVAL OF THE THREE ZEROS AND THAT IS WHAT WE WANT TO SEE --- LOVE IT
Millionday: The parliamentary Finance Committee, blamed the Government for raising the exchange rate of the dollar against the Iraqi dinar by imposing fees on remittance of traders by 8%, while the dollar would likely stabilize at 1,300 dinars to the dollar.
Committee member Rep. Jabar Al-Abadi told his disciple Buratha News Agency today that the Central Bank is in charge of monetary policy in the country and no one can interfere with his work, "ruling out" the parliamentary Financial Committee by the high exchange rate of the dollar against the Iraqi dinar.
Millionday: "The Government bears responsibility for lifting the dollar owing to the imposition of fees by 8% to financial transfer to merchants, which was reflected on the exchange rate," likely to "stabilize the dollar at 1,300 dinars, not going back to the price which was 1,200 dinars to the dollar."
The dollar has risen against the dinar reached 1,300 dinars to the dollar.
The reports indicated that the Finance Committee had submitted a recommendation to the Central Bank to lift the dollar to reduce the budget deficit.
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