Millionday: THE NEWS ONCE AGAIN IS A HAT CHAIR AND ARM HOLDER
Millionday: SO GET READY TO SMILE
Millionday: THIS IS VERY HARD TO BELIEVE -- THE NEWS IS SO EXCITING AND I LOVE THE INK SO ALL INK
Millionday: RUDIE HAS TO COPY ALL THE EXCITEMENT SO TRY TO KEEP IT GOOD FOR HER
Millionday: BUT >>>>>>>>>>>>>>>>>>>WHOOOOOOPOW
Millionday: Association of private banks in Iraq, the second banking conference next Saturday to determine the main challenges that limit its role as a strategically partner in achieving development, what are the requirements to enable the private banking sector to perform its mission in light of the current stage?
play banks in developed countries, a major role in the implementation of development programs by providing the necessary liquidity and well-managed and programmed to serve the requirements of the companies that are the most important fundamentals
provide banks with financial solvency and high capacity on Ansiabatha leading to facilitate the work of those companies, then the banks reputation at the forefront of the requirements.
Millionday: NOTE -- THE BANKING CONFERENCE WE HAVE BEEN TALKING ABOUT ON SATURDAY –
(THE OTHER STARTED TODAY) WILL BE THE CHALLENGES THEY ARE FACING WITH THE DEVELOPMENT --- WE DONT KNOW AFTER OR BEFORE THEY BEGIN (CHALLENGES) OR AFTER
Millionday: Here in Iraq banks experiencing despite solvency high administrative Amtlakhalkaddrat provide upheaval and chaos because of legislation that are governed by,
and now that legislation is appropriate and inappropriate to the requirements of the times in the speed and accuracy requisite to comply with the requirements of the companies.
Millionday: NOTE -- UNDERSTAND THAT MANY COMPANIES ARE GOING TO NEED ACTIVE BANKING TO MOVE FORWARD WITH THE MANY CONTRACTS AND PROJECTS WITH CONVENIENCE
Millionday: NOTE -- READ EVERYWORD
Millionday: NOTE -- THIS IS THE ANSWERS THEY ARE GETTING AT THE BANKING CONFERENCE -- HOW TO REGAIN THE TRUST NEEDED RIGHT NOW DUE TO THE ECONOMIC REFORM
Millionday: particularly the banking reform to its importance in promoting All economic aspects in the country .mtalob of the Association of Banks, a legitimate representative has clarified the picture and work to modify Pmaatanasb and the weight of these banks,
as there are weak and are not eligible banks but not the general character Valrabotth required to work on the correct track in order to be new legislation guaranteeing the performance of the banking .
Millionday: NOTE -- SOME OF THE WORRIES ARE UNFOUNDED BECAUSE THE LEGISLATION IS TAKING CARE OF THE PROBLEMS OF TRANSPARENCY AND REMEMBER THE INSURANCE AND ALSO THE ADDED SERVICES ETC
Millionday: .Then there is a belief that the private banking sector to make a living on the state at a time when billions owns Off and untapped because of crippling laws, so we said that the conference a valuable opportunity to view these challenges
and processed immediately begins to work and correct this Alnzerh.an problem faced by the country's economy due to declining prices Oil highlighted the need for the role of private banks in the development through compensate for the lack of resources
propositions must be the level of importance of the conference does not go side applications is feasible and here's an opportunity in the hands of private banks, we will follow up to see how Istthmrhma Conference in snatch rights Time is running out.
Millionday: SO AS THIS IS VERY EASY TO UNDERSTAND –
THE LOWER OIL REVENUES ARE MAKING IT IMPERATIVE TO DIVERSIFY THE GDP /MARKET FOR IRAQ TO BE FINANCIALLY CAPABLE TO FUND THEIR COUNTRY –
SO AS A DIRECT RESULT OF THAT -- THE COMMERCIAL BANKING WILL BE THAT MUCH MORE IMPORTANT AND SO WILL THE INVESTMENT RESOURCES AND DEPARTMENTS AND PRIVATE BANKERS AND ALL OTHER SOURCES OF WEALTH MANAGEMENT -- BUSINESS MANAGEMENT ETC
Millionday: OK AS WE CAN SEE THE BANKING CONFERENCE IS FOR THE NEXT PHASE OF ECONOMIC DEVELOPMENT
Millionday: BRB WITH MORE
Millionday: HERE WE GO WITH THE MOST IMPORTANT NEWS OF THE NIGHT AS YOU WILL SEE SO HOLD THAT HAT
Millionday: READ EVERYWORD -- THIS IS A REPORT THAT IS VERY TELLING FOR US ALL AND IRAQ
Millionday: Ahmed Mohamed stressed MPs and businessmen on the need to adopt the Iraqi dinar in local dealings, to raise the value of that currency against the US dollar, which contributes to the award of the national economy.
Millionday: Iraq is going through a financial crisis that threatens its economic future, according to observers, the result of spending Miliradt dollars on the war against terrorism,
and the displacement of the population of the provinces of western and northern country to safe places in northern and central Iraq and the south,
which calls on the government to follow the austerity policy, to address the significant shortfall in the annual budget public.
Millionday: NOTE -- THE EXPENSES WERE NOT EXPECTED FOR THE ECONOMIC REFORM AND THE PLAIN OF IT ALL IS ----
THE FIGHT AGAINST TERRORISM HAS VERY BAD TIMING AND NEEDED ADJUSTMENTS TO BE MADE WITH REVENUES AND ALSO THE FUNDS THEY THOUGHT THEY COULD APPLY ELSEWHERE
Millionday: NOTE -- THIS HAS BEEN DONE AND IS BEING ENFORCED
Millionday: He welcomed the academic and businessman that all domestic transactions be in Iraqi dinars, instead of the US dollar, adding that the import contract opens adopted the dollar, if the style payment based, though it is possible that the deposit be Dinars.
Millionday: NOTE -- THE BANKING ACCOUNTS WILL BE EXCHANGED TO THE REALITY VALUE GIVEN FOR THE DINAR EVEN IF THE INITIAL CONTRACT ETC IS IN US DOLLARS AS OF NOW
Millionday: PER REGULATION
Millionday: NOTE -- READ EVERYWORD
Millionday: Foreign import contracts and require that the dependence dollar or the euro, while local ones are in dinars, and sometimes rely dollar.
According to the spokesman, who wished to withhold his name, the owner of a contracting company specializing in oil and electricity, that most companies have banking facilities in regional banks like Jordan and Dubai, and you want to be a style based payment for financial security.
Millionday: NOTE -- SO EVEN IF THEY ARE CONTRACTING IN THEIR HOME CURRENCY ETC -- THE CURRENCY OF IRAQ WILL ONLY BE DONE IN DINAR --
Millionday: EXCHANGED TO ITS VALUE
Millionday: "Does not make sense to be treated in local companies with the citizens to the US dollar", thus sees the spokesman, who said that most Western countries refuse to deal without their local currencies. And refers to the speaker that the imposition of this deal, which he described as "small", provides a demand for the local currency, but adding that included the entire local deal would be great
Millionday: NOTE --- A MARKET ECONOMY MEANS COMMERCE BY SUPPLY AND DEMAND –
SO AS WE CAN SEE THAT ALSO INCLUDES THE CURRENCY AND THE IMPOSITION IS VERY SMALL –
SIMPLE ACCOUNTING THANKS TO COMPUTERS -- SMILE -- THIS IS DATA ENTRY ADJUSTMENTS
Millionday: It focuses on Dr. that are placed on all purchases in accordance with the credit through the Bank, for the development and revitalization of the national banking system.
For his part, sees member bloc independent MP d. Mohammed al-Shammari, the global economic situation makes it imperative for everyone stand up and actively national Iraqi economy, and keep it from schemes aimed at wrecking.
Millionday: NOTE -- IRAQ WAS NOT AFFECTED BY THE RECESSION SO THEY WANT TO BE VERY CAREFUL AS THEY ENTER THE GLOBE AS TO NOT HAVE ANY NEGATIVE RESULTS
Millionday: NOTE -- HE IS ALSO SAYING THAT IT IS VERY IMPORTANT TO WATCH EVERY SINGLE MOMENT ECONOMICALLY TO PROTECT IRAQ`S ECONOMIC SUCCESS -- GLOBALLY
Millionday: NOTE -- THIS IS MORE ON THE PRESS STATEMENT THAT WAS GIVEN ON MONDAY CONCERNING THE ECONOMIC DEVELOPMENT TO THE CITIZENS AND THE WORLD
Millionday: Al-Shammari said in a press statement seen by "the world" on Monday that by some States to increase its oil exports to the market in order to reduce oil prices,
aims to impact on the economies of countries that rely on oil Coward head of her, in order to pass a number of "major countries of the projects .
Millionday: Shammari stressed the need to instruct government departments and institutions that deal in Iraqi dinars, to help raise its value against the US dollar, which assigns the national economy.
On the other hand, Deputy Prime Minister Bahaa al-Araji, on Monday, the financial budget for next year 2015 continuing to decline in oil prices globally influenced,
pointing to the need to reduce unnecessary expenditure in the budget and rationalization.
Millionday: NOTE -- THE RAISED DEMAND IS EXPECTED TO ALSO RAISE THE REALITY RATE FOR THE DINAR
Millionday: He added that "everyone knows that there is a financial problem as a result of the continuing decline in oil prices, as well as the shortfall in the budget year 2014,
which requires work and a thoughtful and planned to meet the projected deficit and continue to raise the oil production ceiling," stressing that "the rationalization of expenditures will not affect the launch grades and salaries of employees and retirees
Millionday: He called al-Araji, all the political blocs to "combine their efforts and contribute in earnest through cooperation with the government to rid the country of the inherited problems in the field of security and money, economy, trade, administrative and financial corruption."
It is said that a large number of economists stressed that Iraq's budget for 2015 will be affected significantly lower global oil prices to the fact that the budget unilateral supplier.
Millionday: SO SHAMMARI IS STATING THAT AND SO ARE MANY OTHER GOV DEPARTMENT LEADERS THAT THEY NEED TO ALL COOPERATE IN WORKING TOGETHER
TO GET RID OF ALL ECONOMIC PROBLEMS THAT HAVE COME FROM THE YEARS OF SANCTIONS AND ALSO THE WAR TORN COUNTRY
Millionday: NOTE -- THE ENTIRE EFFORT IS TO RAISE THE VALUE OF THE DINAR AS MUCH AS THEY CAN WITH REALITY CALCULATION
Josie: Who is Ahmed Mohamed and is he someone whose voice carries weight ?
Millionday: THESE ARE ALL BLOCK LEADERS AND ECONOMISTS RESPONDING TO THE BANKING REFORM CONFERENCES AND THE PHASE THEY ARE IN NOW FOR THE TRANSITION TO THE GLOBE
maine: any word on the laws that were to be passed?
Millionday: AS IN TREASURY OR FINANCE ETC
Millionday: NOT IN THAT REPORT -- THAT WAS ABOUT THE CONFERENCE BUT WE ARE GETTING TO SOME NEWS ABOUT PARLIAMENT TODAY AS WELL
Millionday: BRB WITH MORE
Millionday: NOTE -- MICRO IS FOR ONE INDIVIDUAL BUSINESS FOR EXAMPLE AND MACRO WOULD BE FOR A NATIONAL ECONOMIC CALCULATION ETC
Millionday: ECONOMICS ---
Millionday: Hussein al-Tamimi Tgb represents the most important financial stability respond to crises axes, through prudential measures that address any emergency financial sector is facing,
and to maintain the level of public spending away from the different influences that are exposed due to fiscal revenue volatility and the resulting country her problems.
Member of the International Union of Arab Bankers academic Iraqi d. Sadiq al-Shammari stressed the importance of strengthening the role of central banks
to reduce systemic risk and protect financial stability by taking precautionary measures at the macro and micro levels supported by appropriate early warning systems compatible with the economic environment variables in order to cope with various crises.
Millionday: NOTE --- THIS IS THE ORDER TO PREPARE FOR ANY SIGN OF ECONOMIC PROBLEM BEFORE IT GETS OUT OF HAND --- AS THIS REPORT WILL EXPLAIN
Millionday: AND THINK ABOUT WHY WOULD THEY BE ADDRESSING THIS IN THE PUBLIC
Millionday: . He said the "morning" that the Sharm el-Sheikh conference held recently urged the central bank to prepare and fortify themselves well against financial crises in the future to overcome the financial turmoil and support stability proactively
taking into account the conditions of Arab States at the moment and support the local economy, through internal growth sustainable.
systemic risk and the Shammari said the recommendations of the conference included stimulating Arab banks to pay attention to the process of self-assessment of capital adequacy
as to contribute to the improvement of the quality of the evaluation process and to support banks in the face of extraordinary circumstances, also stressed
Millionday: NOTE -- REMEMBER THAT I WAS SAYING THEY WOULD KEEP A MONITORING OR AUDITING ABILITY AVAILABLE SO THAT SOMETHING DOESNT GET OUT OF HAND AND NOT CAUGHT BEFORE CAUSING A HUGE ECONOMIC ISSUE
Millionday: NOTE -- THIS REPORT IS VERY TELLING -- VERY
Millionday: the need for banks interest to hold pressure on several levels tests periodically and analyze the results and developed in the light of the study projected future changes,
Indicating the importance of initiating central banks tested pressure from its point of view, taking measures into account systemic risk and the need for continuous communication between the central banks and conventional banks in this regard.
the exchange of experiences to strengthen the role of the Union of Arab Banks through the formation of a standing committee is concerned with the decisions of the Basel and coordinate with Arab banks to exchange experiences including,
Millionday: NOTE -- THEY ARE CALLING ON EXPERTS TO KEEP ANY ISSUE FROM GETTING OUT OF HAND WITH DEVELOPMENT
Millionday: in particular in relation to Bmsthaddthat applications Basel in order to improve risk management of Arab Banks level, as well as strengthening the role of central banks in the evaluation and follow-governance applications most prominent dealt Conference, according to al-Shammari.
Millionday: He said the conference focused on the importance of strengthening the role of the senior management of the banks to consolidate and dissemination of risk culture and the development of effective solutions to them,
urging the Islamic banks to strengthen the role of managing the risks of Islamic banking and the development of strategies and policies that fit in with the special nature of these banks,
as demanded by the banks to hold an in-depth study of the standards of the new liquidity in the framework of the Basel and prepare for the implementation and coordination with central banks.
Millionday: NOTE --- THIS IS THE ORDER TO PREPARE TO WORK WITH ALL CENTRAL BANKS AND THE IMPLEMENTATION
Millionday: And the role of Islamic banks at this critical stage that happening once the world markets in the light of the volatility of oil prices,
Al-Shammari said: that the central banks in determining the important banks locally and put defined clearly in preparation for the development of control procedures to be followed and extra special requirements of capital required,
indicating the need for a regulatory and supervisory framework that ensures achieve the unification of opinions and interpretations of sharia law, which focuses on strengthening the stakeholders and different groups in the Islamic finance industry confidence box.
Millionday: NOTE -- UNDERSTAND THEY HAVE A RESPONSABILITY TO THE SHAREHOLDERS OF THE BANKS TO ENSURE THEY HAVE CONTROLS IN PLACE
AND THEY ARE ALSO SAYING THAT THEY MUST KEEP INTERNATIONAL COMPLIANCE AT THE VERY FOREFRONT OF EVERYTHING THEY DO DURING THE BANKING REFORM AS FAR AS LIQUIDITY AND BASEL ETC
Millionday: research centers Shammari stressed the importance of coordination between regulators and educational entities in the field of Islamic finance and support the establishment of research centers for the development of special products to hedge against operational risk and market risk compatible with Islamic law,
as well as the presence of an appropriate framework governance includes compatibility practices with Islamic Sharia law and that there is a part of the financial overseeing includes financial reporting and combine accounting,
auditing and financial solvency and insolvency cases, risk management, transparency, disclosure, and corporate governance.
Millionday: NOTE -- THEY MUST WORK WITH ALL EXPERTS AND REGULATORS AND BE PREPARED WITH DOCUMENTATION AT ALL TIMES
Millionday: blending of expertise and urged the departments of banks, the Iraqi Islamic a mechanism for control of the capital adequacy ratio and make them according to the decisions of the Basel Committee and the decisions of the Central Bank of Iraq, to ensure their application,
pointing out that it requires the Islamic banks have a system to estimate the level of capital required compared to the level of risk, as well as the formulation of strategy clear the capital at the appropriate level required if the increased Almkhatr.vdila recruiting highly qualified letter of the Islamic bank, and
Millionday: put instructions and guidelines for measuring Almkhatr.oakhtaatm Shammari speech focusing on the establishment of an Islamic investment funds specializing in real estate financing in each Islamic bank,
and can invest this funds to contribute Contracting linked to the Ministry of Construction and Housing Corporation for the purpose of providing soft loans.
Millionday: SO IN OTHER WORDS THEY MUST FOLLOW ALL RULES AND BE PREPARED TO BE HELD ACCOUNTABLE ----------
Millionday: IF YOU DONT HAVE A COMMENT TO THAT YOU SHOULD CHECK YOUR PULSE
Pablo: But when? When? When??????
Millionday: TODAY THROUGH THE 30TH IS THE CONFERENCES FOR THE ECONOMIC DEVELOPMENT -- THOSE DATES WE HAVE
johnsoos: so this conference should bring reform once finish
Millionday: WE DONT HAVE A DATE
johnsoos: the 30 is the last day correct
Millionday: THE 30TH IS THE LAST DAY OF THE SECOND CONFERENCE WITH THE 55 COUNTRIES THERE
MGM: Any word if Iraqi Air will be using Dinar?
Millionday: YES THEY WILL AND HAVE BEEN ORDERED RIGHT AWAY A COUPLE DAYS AGO SO THEY SHOULD HAVE THAT APPLIED BY REGULATION -- IT IS THE ONLY CURRENCY THEY ARE ABLE TO USE
johnsoos: we they be having anymore ,also thank you
Millionday: NOT ANYMORE CONFERENCES ON THE BANKING REFORM THAT I HAVE SEEN
Millionday: BRB WITH MORE
Millionday: THIS IS WHAT THE TITLE STATES FOR THIS NEXT REPORT
Millionday: >>>>>>> Step taken for the first time since 2003 <<<<<<<<<
Millionday: BRB WITH IT -- I LIKE IT ALREADY
Millionday: for the first time since it began phase of political change in the country in April 2003, was approved rules of procedure of the Council of Ministers, according to the provisions of Article 85 of the Constitution, with a slight change was conducted to paragraph (40) thereof.
since been voted yesterday in the Cabinet meeting routine, this regulatory document for the work of the executive authority without objection
Ivkr.oaodh spokesman for the Prime Minister's Office, a tributary Jabouri, said the voting process has been legally returned them "part of a government program to the Prime Minister Haider al-Abadi and a sign of its commitment to the process of structural reform of state institutions all. "
Millionday: NOTE -- UNDERSTAND THAT THIS IS ALL VOTED THROUGH AS OF YESTERDAY
Millionday: said Jabouri told the "morning": "After weeks of hard political work, an agreement was reached on the rules of procedure for the government to pass", stressing that it will pour inevitably in the project of building the Iraqi state .
He added: "It is important that there be laws and contexts to clarify the government's work, in order to promote the responsibilities due and required tasks,"
explaining that the aim of this unprecedented step, is to "coordinate relations between the organs and joints of the state to raise their efficiency."
Millionday: NOTE -- THIS IS THE PASSED AND GIVEN RESPONSIBILITIES AND TASKS TO COORDINATE--
Millionday: At the government session, was also take a series of decisions, including: transmit files that contain the suspicion of corruption to the regulators, and the recommendation to conduct a field follow-up to the conditions of the displaced, and work to end the suffering.
Millionday: SO ALL THE FILES WERE TRANSFERED AS WELL TO THE REGULATORS --- THIS WOULD OF COURSE BE THE ADMINISTRATIVE REFORMS
Millionday: ANYONE LIKE IT SO FAR?
graylnjo: Has any of these laws and progress been entered into the Gazette to make it official??
Millionday: I DONT KNOW IF THEY ARE IN THE GAZETTE
Millionday: BRB WITH MORE
Millionday: THIS MEETING IS TOMORROW
Millionday: Met with Mr. Prime Minister, Dr. Haider Abadi evening, Mr. President of the Republic, Dr. Fuad Masum, and Mr. Speaker, Dr. Salim al. , and held three presidents meeting at the presidential headquarters has a discussion of the overall political and security developments.
It was in the meeting, they discussed steps to accomplish the government program of political and document the stages of lifting the financial budget of the Council of Ministers to the House of Representatives.
Millionday: SO THIS IS THE APPLICATION OF THE GOVERNMENT PROGRAMS AND THE FINANCIAL ASPECT OF IT--AS WAS REPORTED THEY HAVE THREE PHASES AND THE FIRST IS THE FINANCIAL PART OF THE PROGRAMS
Millionday: WOW THE NEWS ROCKS --- THIS SURE SOUNDS GREAT TO ME
faith1: what are the three phases please
Millionday: THEY ONLY SAID THAT THERE ARE THREE AND THE FIRST WOULD BE THE FINANCIAL
Peppermint: Can they RV after the first financial phase, or do we wait for all 3 phases?
Millionday: THEY CAN APPLY CHANGES TO THE REALITY RATE FOR TRADE AT ANYTIME THEY WOULD LIKE -- CBI IS INDEPENDENT AND HAS THAT JOB
Pablo: So, the financial phase is kicking in now?
Millionday: WHAT DO YOU MEAN KICKING IN?
Pablo: financial reforms
Millionday: THE CONFERENCES THEY ARE HAVING ARE FOR THE BANKING REFORM WHICH IS A HUGE PART OF THE ECONOMIC REFORM PACKAGE FOR IRAQ
Mary: As stated above earlier, the Iraq airlines now need to use Iraq Dinar, and other companies, well I understand they do not have much dinar left,,, so it means they have to RV soon ?
Mary: Like they dont have a choice ?
Millionday: THEY HAVE A LOT OF DINAR –
THE PROBLEM IS THAT THEY ARE TRYING TO REMOVE THE DAMAGED AND HAVE REPORTED THAT THEY ARE GOING TO BE USING COINS AND SMALLER DENOMINATIONS
SO THE DENOMINATIONS THEY HAVE IN THE HIGHER VALUED THEY HAVE NOT PRINTED ALOT OR AT LEAST NOT ENOUGH TO "PAPER" THE COUNTRY –
THE BANKING REFORM INCLUDES ELECTRONIC BANKING -- ATMS -- DEBIT -- SMART CARDS -- WIRE TRANSFERS AND THE LIST GOES ON
SO THE ONLY LEGAL TENDER THEY HAVE IS EXPANDING TO OTHER RESOURCES -- PLASTIC -- WIRING -- PAPER - COINS -- LOANS----
THE REFORMS AND AMOUNT OF DENOMINATION WILL NOT APPLY AT THE IMPOSED RATE THEY ARE USING RIGHT NOW AND IT IS NOT A REALITY RATE EITHER ----
SO A FAIR MARKET VALUE OF THE DINAR WILL BE APPLIED FOR THE ECONOMIC REFORMS
Millionday: EVERYONE -- KNOW THAT PAPER CURRENCY IS NOT THE ONLY TENDER THAT MOST ALL COUNTRIES HAVE
kmiller68: If, in fact, the CBI is independent, what does any of this have to do with them RV'ing NOW what does all this matter and exactly what are they waiting on?
Millionday: PLEASE REPHRASE YOUR ??? FOR ME I DONT GET WHAT YOU ARE SAYING HUN
Millionday: IT IS A FACT THAT CBI IS INDEPENDENT
kmiller68: then what are THEY waiting on before they RV
kmiller68: in other words what do they have to see before they pull the trigger
Millionday: I DONT SEE THAT THEY ARE WAITING ON ANYTHING -- WE JUST DONT KNOW THE DATE ---
IT APPEARS THAT THEY ARE PREPARING THE BANKING REFORM PER WHAT I HAVE BEEN BRINGING IN TONGIHT
kmiller68: Okay thanks... guess nobody knows for sure
Millionday: RIGHT AND DONT LET ANYONE TELL YOU THEY HAVE THE DATE -- IT WILL JUST APPEAR
Millionday: RIGHT AND THOSE THAT HAVE TO BE EXPERT ADVISORS
justretired67: Fair market equals revalue????
Millionday: FAIR MARKET VALUE MEANS THE REALITY RATE -- AS IT IS CALULATED FOR GLOBAL TRADE WITH ALL COUNTRIES
Millionday: KNOW WE ARE IN A GREAT PLACE AND ALL OF THIS IS IN THEIR MEDIA TO THE CITIZENS
Millionday: WE ARE GOING TO LET YOU GET TO THAT GREAT CALL
BGG & Poppy – Nov 25th, 8:30pm CST Rescheduled to tonite – LIVE CALL!! 760-569-7676 pin#398647