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millionday] so obviously the call being done by parliament means that the approval is done by parliament and is very good news for us and iraq -- but shows us they want to activate the already formed committees to launch the reality rate and the real monetary policy with the true value of the country
[millionday] smile and whooop whoooop oh goodness this is great
[cookie2] Now now now now !!!!!
[millionday] and i mean oh boy so this is a very good news day to say the least and we just got started – goodness smile -- ok so here i go back for more
[millionday] well if i was one of those that called the rv -- this next report would sure make me do it but -- as you know i dont call it and we just have to read this
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millionday] After the conference concluded the Iraqi banking first, which was held recently to identify one of the main objectives him of drawing new features to the strategy of the banking sector in Iraq for the next stage from 2013 until the year 2017 are new mechanisms that will –
according to an expert banker - achieve the central objective of monetary policy. He expressed support for the proposal to form a higher council for economic reform and strengthen the role of private banks in development by facilitating the transition from the role of financial intermediation to the developmental role.
[millionday] note -- facilitating the transition from the role of financial intermediation to development role --- hmmm read this very carefully and smile
[millionday] Features and prospects of the strategy in this regard, said banking expert Samir that such a strategy associated with the applications and prospects of monetary policy, which takes CBI applied through supervision and control on operating banks.
He told (morning) note and through our follow-up of the stages through which applications monetary policy in Iraq after the Iraqi Central Bank Law 56 of 2004 and the Banking Act 94 of 2004, that the central has succeeded well in achieving the goals central to monetary policy in stabilizing the monetary system and the face of waves inflationary after the significant improvement in the exchange rate of the Iraqi dinar, in addition to building reserves in foreign currency.
[millionday] note -- they have proven themselves and done a great job to get them here to this stage or phase (CBI)
millionday] Strengthen the role of banks in the development and called on the Central to study the proposals for the development and modification of some episodes of monetary policy currently in place and thus contributing to the restructuring and reform of the private banking sector and drawing new features of the banking sector private sector including enhancing Doralmassarv own transition from the role of financial intermediation to the developmental role of what constitutes a strategic modified for monetary policy currently adopted policies and processors Searches are required to reform banking for the next stage set five years (2013-2017).
[millionday] so what does that mean is going to happen now? >>>>>>>>>>>>>>>>>>>>.
[millionday] this sure does look like they are saying it is time --- but we shall see >>>>>>>>>>
[millionday] Council of Economic Reform said banking expert need to take measures and mechanisms quick to form a higher council for economic reform in Iraq that includes the Economic Committee of the Council of Ministers and Economic and Financial Committee in Parliament and the Central Bank of Iraq and a select group of advisors and experts,
economists and bankers responsible building strategy to move the economy from its interlocking road to a market economy as well as the contribution of the Iraqi banking sector in economic development and to identify policies and mechanisms for the transition to the stage banking sector reform government and the private sector, and is determined by a five-year period ending in the year 2017 to get the job done in phases associated with the five-year development plan for the years (2013 - 2017).
[millionday] tell me what you think when you get done reading -- smile
[monique13] It's definitely this year...2013!!!!
[Godsalli/Jim] Done in phases? 2017?
[aJw70] Our 5 year plan
[tbob] take measures to change the reality rate . . quick!!!
[monique13] starting when?????
[Melba] millionday but when
[lojak] they need to move quickly to follow what they have built up this point ...and follow the economic reform package with a new reality rate
[Msbossydiva] well they are following the right course 2013 - 2017
[millionday] yes it will be done in phases -- the new iraq cbi building -- the change in bonds -- the changes in agreements being paid and what will come next -- the plan is huge and very informative but begins with a reality rate -- very nice read actually
[millionday] but as you have heard before i am a dork and enjoy the strangest things smile
[dinarmamma] And only 2 months left in 2013
[jimplants] i am going to the bank
[monique13] millionday you sure do get a lot out of these articles!!!! lol
[faith1] I / we are reading it,,,, how long can they say do it,,, before they .. do It !!! they want international investments to come in , they need to activate..
[millionday] as the speech said -- they need to apply the reality rate for iraq very quickly
[All4HIM] For them to move in the phases do they need the reality rate?
[dinarmamma] Lojak I am ready NOW
[cookie2] dinarmamma Yesterday !
[millionday] they need the rate first -- and only first smile ] so get your glass half full and pour out the half empty and put an iraqi dinar investor smile on and lets continue
[aJw70] Everything else follows the money.. yes... rate first.
[tbob] so before they do anything else, bring on the rate, because it should be first!!!
[millionday] right -- smile whooop whooop
[cookie2] Ready !!!!
[millionday] the sign on the door says PI --- smile ok here we go
[Puttright] millionday We are ALL sooooooooo ready!!!
[Auntie] Whoooooop Whoooooop!
[millionday] brb with more my friends
[millionday] oh goodness to tell you the truth -- i am so ready too -- goodness what a ride sheeeew smile brb with more
[Godsalli/Jim] I hope rate comes 1st, I really really hope.
[lojak] Godsalli/Jim there is no hope involved,, they just said what they are asking be done quickly
[millionday] Member of the Economic Committee, MP//j. shankali, the Bank began to increase awareness of the increasing popularity of Islamic banking because it fit with the needs of the citizen and to cover their interest.
Said shankali (News Agency): Islamic banks participate with all laws except interest and partnership, stating that the State may establish special instructions to banks by the Central Bank taking into account the development of Islamic finance and investment banks. -
[millionday] He added that most of the citizens are starting to prefer to deal with Islamic banks without business because a lot of people perceive that the financial benefit.
As in Iraq, Government banks are State Bank of Mesopotamia and, in addition to other banks, notably agricultural, cooperative and, real estate, and established many civil since 2003 banks including the commercial bank, Investment Bank and the Islamic Bank and the National Bank, as well as other banks updated -
[millionday] so as we see -- the Islamic banks are not participating in the law of interest and as we know that is a huge thorn in the side of muslims due to their religion so that will be the accepting ticket for banking as they are now launching the banking reform it looks nice
[dinarmamma] Thanks, sorry if I missed, but did we see anything on the flights today?
[millionday] ok thats right hun -- i have not looked for it yet -- i will though -- thanks for reminding me smile brb let me look
[millionday] ok i was looking for the flight info and run across this if you can believe that the news can get better
[millionday] The idea of opening the Iraqi banks in Arab and foreign countries will strengthen the economic and commercial interests of the country and helps him to open up to the world after years of isolation from world markets.
A number of economic and banking affairs open Iraqi banks (governmental and private) abroad, promote and support the important trade relations between Iraq and other countries, expressing the hope that the return of confidence to the Iraqi banks through these branches.
Banking expert said Majid mock, open Iraqi banks abroad, whether public or private, step forward to support the banking sector, and to allow for the possibility of a commercial and financial dealings. -
[dinarmamma] Nice...Iraq Bank abroad
[millionday] The shadow (News Agency): to open offshore banks will strengthen the position of the banking industry, pointing out that the issue of returning confidence in Iraqi banks is a big problem for their very large pressures either by political or economic or security.
He continued to invest in the banking sector is one of the necessities that need to appropriate internal and external environment, adding that Iraq lacks the climate today. He is a member of the Kurdistan Alliance Deputy//j. shankali, the Government banks to open branches abroad is a positive step that will benefit the State, stating that he would improve trade and financial relations with the countries of the world and the integration of the Iraqi market with global financial market. -
[millionday] He continued to invest in the banking sector is one of the necessities that need to appropriate internal and external environment, adding that Iraq lacks the climate today.
He is a member of the Kurdistan Alliance Deputy//j. shankali, the Government banks to open branches abroad is a positive step that will benefit the State, stating that he would improve trade and financial relations with the countries of the world and the integration of the Iraqi market with global financial market.
Added shankali (News Agency), the basis of banking is confidence, execution and not only open branches without implementation, indicating that when the implementation is fast and available literature to Iraqi banks. -
[millionday] implementation fast -- i love it
[millionday] And: the Iraqi banking system improved and the opening of branches of banks will serve the sector and expanding investment, private banks also to open her fur to support and strengthen its supplier.
Member of the Economic Committee, said MP//Ibrahim Al-Rikabi, the banking sector must have the extension inside and outside Iraq, indicating that in the absence of various banks there will be decline in the economy and its construction.
Rikabi said in an interview with (News Agency): banks are fuelling investment projects, industrial and agricultural, which aims to develop the economy, calling for the need to move to restore economic activity, banking and monetary policy to return positively on economic construction. -
millionday] restore the monetary policy -- as in right away -- i love it -- bring it on
[millionday] read this with the thought of who is in London -- wow
[millionday] He added that these branches will restore confidence in Iraqi banks, especially after Iraq liberated from the constraints of item VII and his wars and economic blockade.
Said: the banking system is in need of new banking legislation to open the area for investment, and give more powers to the Board of Directors and the company's investment.
The Rasheed Bank revealed his desire to open branches in 10 Arab and foreign countries, pointing out that the budget of the Bank amounted to 16 billion dollars.
The Bank said Kazem, exit Iraq nashor from Chapter VII, to make rational thinking Bank investment funds by opening branches in Arab and foreign countries, adding that States that wish to open bank branches are Romania, Lebanon, UAE, Egypt, Turkey, Iran, China, Malaysia, Jordan and America./ -
[millionday] oh how i love the news -- love it love it
[millionday] to summarize -- we have -- the call by all including the parliament and economic committee to launch the reality of the monetary policy in a hurry --- and the true value of the dinar in the country of Iraq whooop whooop
[lojak] every foreign banker at the conference is asking Iraq to "show me the money!"
[jimplants] Need to begin grand opening tomorrow
[Dovi] huge sighs...hurry!!
[LBnFL] I'm kind of with Jim. At the risk of sounding like a "Debbie Downer", we have heard this same talk about how they NEED to do it NOW for many reasons. This is more talk.
[Godsalli/Jim] I got a question?
[millionday] jim ? you think this sounds like before ? wow
[jimplants] No i was agreeing with you i type slow
[Godsalli/Jim] Why does it say banking system is in need of new legislation to open this area for investment
[millionday] i am shocked about that Jim --- this is not like before -- this is the call to launch the five year plan 2013-2017 and the reality rate of the true monetary policy by parliament
[Godsalli/Jim] Is it ready for these banks now or not? Million this all sounds unbelievable!
[millionday] yes it is ready for these banks -- they are actually opening the one in malaysia now and are the islamic banks could not open if it wasnt ready in the opposite direction -- cant be one sided
[hstrymknwmn] well, in order for this to happen within the 5 year plan it HAS TO HAPPEN IN 2013 and we are at the end of 2013
[All4HIM] When they call for it does that mean they will implement it? Or is it just a suggestion?
[wilbur48] Millionday don't forget how many times I have called for a Rate
[letsroll] mucho bueno millionday ... serious progress Ty for your tireless research
[millionday] it means they are ready now and they are saying to move ahead with it
[millionday] yw all the time hun i will sleep for a week when this is done and oh how i cant wait to meet most of you
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