Chat Room – Excerpts & Highlights
rcookie says():Iraqi Central Bureau of quality control gets international accreditation certificate
By Samarra satellite channel 01/06/2016 04:35 | Number of Views: 622 font size:
Iraqi Central Bureau of quality control gets international accreditation certificate
We got the General Company for Easter and rehabilitation of the central apparatus of the Iraqi quality control, got a certificate of accreditation in the field of examination and inspection devices through complete them with all the conditions that require this certification.
http://translate.google.com/translate?depth=1&hl=en&prev=search&rurl=translate.google.com&sl=ar&u=http://www.faceiraq.com/
watson1 says():http://www.bloomberg.com/view/articles/2016-06-01/the-battle-for-fallujah-matters-again
watson1 says(): http://www.upi.com/Top_News/World-News/2016/06/01/UNICEF-20000-children-trapped-as-Iraq-Islamic-State-battle-for-Fallujah/1411464779772
BUCK says():well not exactly “jd powers award” lol
Scotzgirl says to rcookie():Was this in banking sector?
rcookie says():HAS TO DO WITH QUALITY CONTROL AT BORDER AND PORTS FOR GOODS INSPECTION AND CERTIFICATION…
rcookie says():CUSTOMS TARIFFS…
Scotzgirl says to rcookie():tyvm
BUCK says():not just progress but quality progress
rcookie says):SO SOMETHING THEY HAVE STARTED JUST THIS YEAR..ALREADY BEING ACKNOWLEDGED FOR..
Scotzgirl says to rcookie():just since first of the year? slackers 🙂
rcookie says to Scotzgirl():(y)YEP…SLACKERS..
rcookie says():Diwaniyah signs MOU with Spanish company for industrial and electrical projects-
2016/06/01 (00:01 pm) – hits: 123 – number (3660) Diwaniya/improve alzorkani
The bureaucracy Administration announced the signing of a memorandum of understanding with Spanish company specialized in industrial and oil projects and electric propulsion system, while the term company wanting to get “real opportunities” in the province.
Governor of Diwaniyah said Sami Hasnaoui, told the (range), “conservative Administration signed a memorandum of understanding with the delegation group of companies specialized in global Spanish invima perform residential electrical projects and oil and mineral security systems and e-Government, the term payment system.”
Added “company delegation discussed the explosion group investment opportunities in the province with electricity, housing and oil and mineral industries, to implement the payment system”, noting that “the local government is ready to provide the necessary facilities that would make the investment corporations within the province.”
The Governor emphasized that “conservative management has prepared a lot of investment opportunities in the agricultural, industrial and service sectors, to facilitate the actions of investors to encourage them to implement their projects to revitalise the economy stalled because of the current financial crisis.”
The Group of companies (invima) Spanish implemented many large projects in Iraq, electricity, housing, oil and mineral industries, infrastructure, security and electronic systems.
LINK http://www.dinarupdates.com/showthread.php?35308-Diwaniyah-signs-MOU-with-Spanish-company-for-industrial-and-electrical-projects-6-1&p=153501#post153501
rcookie says to Holly1):WAIT TILL THEY FIND OUT AND START TALKING ABOUT THE IMF REQUIRING THEM TO REVISE OIL NUMBERS IN BUDGET DOWN TO $35 @ 3.6MBPD AND END TO RATION CARD SUBSIDIES AND ADDITIONAL SALARY CUTS…
rcookie says(): PLEASE READ…….
rcookie says():Government announces its pursuit to provide 250 000 jobs in the private sector
June 1, 2016, 7:47 PM Government lending program.
Commitment of the Government to implement the comprehensive reform programme announced by the axes a few months ago the Cabinet agreed at its meeting yesterday to launch a Government loan for housing, industry and agriculture sectors amount (5.6 trillion dinars)
within the axis of economic reform through which it sought to restructure the Government and direction of the Iraqi economy in the way that ensures proper residence and diversify and moved from a productive economy and REI, transforming the economic system of the State of the consumer’s system to multiple production system resources.
Immediate approval came with launch loans to constitute a quantum leap in the course of restructuring of Iraqi economy system and a landmark in the path of a new vision for addressing the situation currently afflicting imbalance which blatantly emerged shortly after the collapse of oil prices in world markets necessitating Government initiate drastic and decisive treatments under the push towards the country’s economic situation recovered.
In this context we would like to point out, among other important points regarding the Government’s vision and objectives and mechanisms of lending:
With respect to the first vision: the Government seeks to enable the private sector to take its role in promoting the economic reality of the country through the difficulties facing him, providing necessary liquidity through soft loans and benefits suitable for rehabilitation and the establishment of factories and modern plants, and help move the market economy, and reduce the recession happened because of low oil prices.
II. with regard to the objectives pursued are as follows:
1/to provide new job opportunities for the private sector estimated at 250 000 jobs include: (young, class graduates, women heads of households, disabled, rural population) in the sectors of housing, construction, industry and agriculture.
2/help address the housing crisis, create or buy more than 36000 units.
3/to encourage the private sector to rehabilitate and operate the plants stalled productivity, introduce modern technologies with over 330 plants and factories.
4/manufacturing raw materials and supplies for industry and agricultural and industrial manufacturing industries.
5/to promote projects in the industrial cities.
6/reduce the import of commodities and products through national industry goods substitution and Iraqi agricultural products over 50 commodity or product.
7/the national export promotion competition for products and goods to other countries, producing ten items for export.
rcookie says():8/ Legalizing foreign currency display and reduce demand by 10%.
III. mechanisms of lending, and are as follows:
1 assess the amounts allocated to the various sectors of lending, as follows:
A/the housing sector: through the Housing Fund and mortgage bank 1700 billion dinars.
B/the industrial sector: through industrial bank 1650 billion dinars.
C/agricultural sector: through the Agrarian Bank 1650 billion dinars.
D/micro: through private banks 1500 billion dinars.
2/these loans are distributed to the provinces as a credit plan offered by the relevant Bank and 80% as a standard for demographics and 20% as a standard for the degree of poverty in the province.
3/to be student loan Iraqi company or association or individual Iraqi 22 years old and fully competent.
4/be interest on loans 2% for housing loan and 4% for the rest of the loans.
5/the amounts allocated to each loan is as follows:
A housing loan of 50 million dinars.
B/loans of the industrial and agricultural sectors as follows:
-Microfinance tops 500 million dinars.
-SME loans tops 3 billion dinars.
-Major project loans of more than 3 billion dinars provided that does not exceed the maximum 20 billion dinars.
-Strategic projects loans exceeding 20 billion dinars.
http://www.dinarupdates.com/showthread.php?35309-Government-announces-its-pursuit-to-provide-250-000-jobs-in-the-private-sector-6-1&p=153503#post153503
rcookie says(): 6/the duration of the loan is as follows:
A/10 years for housing loan.
B/five years for loans other than grace period for one year from the date of disbursement of the first instalment of the loan applicant.
7/the competent Bank launched the website and direct phone line for the purpose of pursuing the borrower stages of completing his treatment.
8/ Adoption site detection on the project to be financed and on real estate guarantee (if any) and electronic systems to control and monitor projects well executed, linking these systems to the General management of the Bank, and provide monthly reports to the Supreme Committee supervising the lending programs and posted on the Bank’s website and the High Commission.
9/General management committees of the Bank continue to verify the proper implementation of the project and continuing work and grant procedures audit carried out by branches or offices.
10-Bank on borrower information update periodically.
11/quality certification procedures for borrowing projects under this program.
LINK http://www.dinarupdates.com/showthread.php?35309-Government-announces-its-pursuit-to-provide-250-000-jobs-in-the-private-sector-6-1&p=153503#post153503
rcookie says():GOV’T ANNOUNCES PURSUIT TO PROVIDE 250,000 JOBS FROM PRIVATE SECTOR ALONG WITH OTHER OBJECTIVES TO MOVE TO MARKET ECONOMY INCLUDING: ADDRESSING HOUSING CRISIS BY CREATE OR BUY 36,000 NEW UNITS…
PRIVATE SECTOR REHAB AND INTRO NEW TECHNOLOGY TO 330 PLANTS & FACTORIES…MANUFACTURE RAW MATERIALS FOR INDUSTRY & AGRICULTURE INDUSTRIES…
PROMOTE PROJECTS IN INDUSTRIAL CITIES…REDUCE IMPORTS THROUGH NATIONAL PRODUCT SUBSTITUTION OF AT LEAST 50 PRODUCTS…
NATIONAL EXPORT PROMOTION COMPETITION OF AT LEAST 10 PRODUCTS…LEGALIZING FOREIGN CURRENCY DISPLAY AND REDUCE BY 10%…AND LOAN MECHANISMS & AMOUNTS BY SECTOR WITH TERMS…
clay01 says():I wonder how the loans will be accounted for after a revalue of the dinar, you borrow 50 million for a house now and then you would still owe 50 million dinar, but after a revalue, your house is worth at a 1 to 1 revalue, 50 thousand dinar, there will have to be some mechanism for adjusting the loans amounts after the revalue
rcookie says():Frankincense: the return of 40 deputies Matsma to “front” Jubouri!
Last updated: June 1, 2016 – 11:37 Baghdad / Iraq News Network revealed the National Alliance MP Sadiq frankincense, Wednesday, for the withdrawal of 40 deputies from the front of the protesters (Reform), and return to Alnwab.oukal frankincense Council meetings in a press statement today:
“Some MPs from the point of the protesters realized that their sit -in is the glory does not constitute a positive impact , “noting that” some of them felt refer to the Council of Representatives . “He added that” Iraq is passing through a dangerous phase and there is a big security and economic challenges , “he said , adding that” the number of pupils who are deputies arrived to 40 deputies ,
“He stressed frankincense that ” a number of the protesters deputies also expressed their great desire to attend the next session of parliament to re – board activity and its role in government performance monitoring .
the more than 100 members of parliament have declared their boycott of the meetings of the House of Representatives after a sit -in inside the House of Representatives and the formation of the front of reform, while seeking the political blocs to persuade the protesters to return to the House of Representatives of the parliament to hold meetings of the Council and the adoption of important laws in conjunction with military operations to liberate cities, including Fallujah
LINK http://www.dinarupdates.com/showthread.php?35311-Frankincense-the-return-of-40-deputies-Matsma-to-quot-front-quot-Jubouri!-6-1&p=153508#post153508
rcookie says():WOW!!…
clay01 says to rcookie():So they are saying that 40 are leaving the Maliki group to join with Abadi’s group?
rcookie says to clay01():(y)
rcookie says):NATIONAL ALLIANCE MP FRANKENCENSE STATES 40 MPS OF REFORM BLOC MOVING TO JABOURIS SIDE STATING THEIR SIT IN GLORY DOES NOT CONSTITUTE A POSITIVE IMPACT AND IRAQ IS GOING THROUGH DANGEROUS PHASE OD ECONOMIC AND MILITARY CHALLENGES & EXPRESSED GRTEAT DESIRE TO RETURN TO NEXT PARL SESSION AND CONTINUE REFORM ACTIVITIES……
clay01 says to rcookie():(y)
bibi says to rcookie():wow, awesome! (y) Thanks for the news!
clay01 says to rcookie():dropping like flies for Maliki
Dinarian1 says to rcookie():(y)
viacuda says():cookie, Who is Frankencence.
JAMVOX says():Frankenstein’s brother
Baxter says():Frankencence is a Muslim? Really..
Scotzgirl says to rcookie():I wonder if they used a carrot or a stick to get them to see the light?
BUCK says):40 more change sides..that should give them a maority for sure….see if an emergency meeting and a vote on reforms follows….let us hope this is accurate ….wow awesome news.
Baxter says():Probably threatened to expose their criminal activities…
clay01 says to Scotzgirl():two camels and a goat lol
Scotzgirl says to Baxter():That would be a big stick! 🙂
Scotzgirl says to clay01():(lol)
puffdragon says to Scotzgirl():Prob a BIG FAT SHOE !!!:D
Scotzgirl says to puffdragon():yes, hard to remove a size 11 Lama boot from their derriere’s!
puffdragon says to Scotzgirl):I think Abadi is a big enough guy to handle it !(y)
Scotzgirl says to puffdragon():yes, or rcookie 🙂
puffdragon says to BUCK():Goes to the article from NT last night with BGG Jaubori stating the possibility of emergency meeting ! GOOD POINT BUCK !
BUCK says to puffdragon():thank you, my first one lol lol
puffdragon says to BUCK():Got to start somewhere ({) 😀
rcookie says():Financial and banking reforms, attract investment
6/1/2016 0:00 BAGHDAD – Imad emirate economist said the academic from the Faculty of Administration and Economics at the University of Mustansiriya Dr. Sattar Jaber: to attract foreign investment and boost his chances and increase in Iraq and the Arab countries of non – oil requires reform of the financial and banking sector and the removal of restrictions on money entering the movement into the country.
According to Jaber in an interview «morning» that Arab oil exporting countries have a surplus of resources in terms of savings greater than the investment, while some Arab states have a deficit in terms of savings less investment, since economic growth is highly dependent on investment and the adequacy of domestic savings and investment, and the adequacy of local resources for the Arab States , it is possible to make up the shortfall , or the difference through internal capital flows.
The accumulation of financial surpluses of the countries of Arab petroleum exporting has led to increased investment outside the Arab region, and that the continuation of the balance of payments of non – oil deficit has led to the accumulation of foreign debts ,
indicating that Maymana investment of Arab States, the surplus part of the revenues in the deficit of Arab States, is the weakness and inability of the Arab countries is of Petroleum exporting to attract foreign investment , both of surplus Arab states or countries and overseas markets.
he said if we want to be more precise in identifying the reasons for this, we can say that the reason behind the inability or the inability of these countries to attract investments respect to climate and investment environment in the Arab states (surplus countries and deficit countries), as regards energy absorption of Arab economies for each existing investments abroad , or part of it.
http://www.dinarupdates.com/showthread.php?35313-Financial-and-banking-reforms-attract-investment-6-1&p=153510#post153510
rcookie says():He stressed that building economic relations enhances climate investment in the international economic environment, and the increasing integration with the global economic and predominance of the market economy and the increasing role of the private sector making considerations of return, risk and cost more pronounced in investment decisions, and thus became the world in the competition to attract the money, according to offer every region of the advantages and incentives for investment .
Jabir that drew Arab countries non – oil (deficit countries) is still far from providing a climate for investors among them Arabs, but that the climate has become affect the national investment and Pat local investors prefer to invest part of their money outside the borders of their own countries because of the investment climate prevailing.
and the importance of absorb the financial and banking sectors , the fiscal surplus partial than that of the oil – exporting Arab countries through deepening and expansion of the financial sector because of Arab funds invested abroad exceeds the size of the assets of the Arab financial sector, and therefore it is difficult for the financial sector that accommodates both the Arab fiscal surplus.
He stressed Jaber on the need to several measures reforms , the most important financial sector liberalization and the removal of restrictions on interest rates and the granting of financial institutions greater autonomy,
which requires the restructuring of public banks and privatization and to encourage competition in the financial sector and the establishment and development of cash markets and securities markets and the development of monetary policy and the removal of restrictions on investment flows include.
LINK http://www.dinarupdates.com/showthread.php?35313-Financial-and-banking-reforms-attract-investment-6-1&p=153510#post153510
_firefly_ says():Wednesday, June 1, 2016, 09:55
AIIB ‘set to earn international trust, credibility’
By LI XIANG
Membership to rise from 57 to nearly 100; first projects to be announced this month
The Asian Infrastructure Investment Bank will earn international trust and credibility through its performance, the bank’s President Jin Liqun said on Tuesday.
Jin dispelled mistrust and skepticism about China’s motivation for creating the multilateral financial institution.
He said the bank will see its first group of infrastructure projects by the end of June and will raise the ceiling on its membership numbers from 57 to nearly 100 countries and regions this year.
While the United States and Japan have declined to join the AIIB, Jin said countries can work together regardless of whether they are members of the bank, which will soon appoint a Japanese national to serve in a senior position.
“The door has been open and will remain open,” he said, adding that Japan and the US will be treated equally and fairly by the AIIB.
In a rare meeting, Jin sat down with a group of senior editors from major Asian news outlets to discuss the mission and operation of the China-led bank.
“The first batch of projects will speak volumes for the AIIB,” Jins aid, adding that the bank will unveil the second and third group of projects by the end of the year.
Jin’s remarks came ahead of the bank’s first annual meeting on June 25 and 26 in Beijing. Governors and representatives from its 57 founding members will attend.
In his discussions with the editors from the Asia News Network, Jin used a quote from English author Jane Austen to hit back at skepticism about China’s motivation for creating the bank.
“Skepticism must always be forgiven, you know, because there is no hope of a cure,” Jin said, replacing “selfishness” in the original quote, with “skepticism”.
He shrugged off suspicion and misconceptions about the bank, saying it has no intention to challenge the international financial order or to pose a threat to other multilateral development banks.
The bank is working seamlessly with international institutions, including the World Bank and the Asian Development Bank, to cofinance infrastructure projects, he said.
Jin said priority will be given initially to Asian member countries when it comes to funding infrastructure projects. But the bank will seek to expand its investment scope to non-Asian countries with strong economic ties to the continent and will look beyond the geographic boundaries of China’s Belt and Road Initiative.
In addition to funding infrastructure projects, the bank will finance sectors including education, healthcare and urban planning and management, Jin said.
_firefly_ says():He also said the bank is not interested in taking a venture capital role by investing in new technology – underscoring the rational and cautious approach of the bank’s investment philosophy.
Jin said the projects being eyed by the bank must be financially sustainable, environmentally friendly and socially acceptable.
John Nery, editor-in-chief of Inquirer.net, a Philippine media outlet, said Jin gave a clear presentation of the AIIB and addressed some of the most common misconceptions about the bank.
“I found him to be a very articulate and learned man. I think the AIIB is in very good hands,” he said, adding that he looked forward to the announcement of the bank’s first projects later this month.
Chen Mengwei contributed to this story.
_firefly_ says():he looked forward to the announcement of the bank’s first projects later this month.
_firefly_ says():he looked forward to the announcement of the bank’s first projects later this month.
_firefly_ says():Hmmmmmm
clay says to _firefly_():Did he mention Iraq lol
_firefly_ says to clay():I’m looking for a date which we won’t get from Iraq lol
clay says to _firefly_():(y)
clay says to _firefly_():but they mentioned later this month
clay says to _firefly_():theres alot of projects in Iraq
clay says to _firefly_():but still lacking stability
_firefly_ says to clay():I’ve stopped studying Iraq almost a year ago unless the article has something to do with the CBI, IMF, WB or UN
clay says to _firefly_():got ya
_firefly_ says to clay():Give me facts, not propoganda 🙂
rcookie says():HERE IS A RECAP OF NEWS….
rcookie says():PARLIAMENT
JABOURI EMPAHASIZES VINE (ANBAR) SUPPORT & NEED TO INTEGRATE POLITICAL & MILITARY EFFORTS TO END THE CRISIS…
MP FOR CITIZEN COALITION CHAWKI STATES HOR IS BASIS FOR IRAQS POLITICAL PROCESS AND CALLS ON ALL MP’S TO SUPPORT THE INSTITUTION…
PARL LEGAL COMMITTEE STATES RULES OF PROCEDURE ALLOW FOR 3 PRESIDENCIES TO CALL EMERGENCY SESSIONS DURING HOLIDAY…
KURD ALLIANCE STATES ABADI READY TO RECEIVE DELEGATIONS FROM PROVINCIAL GOV’T TO RESOLVE OUTSTANDING PROBLEMS…
PARL FINANCE STATES IMF LOANS WILL REVIVE THE IRAQI ECONOMY…
NATIONAL ALLIANCE MP FRANKENCENSE STATES 40 MPS OF REFORM BLOC MOVING TO JABOURIS SIDE STATING THEIR SIT IN GLORY DOES NOT CONSTITUTE A POSITIVE IMPACT AND IRAQ IS GOING THROUGH DANGEROUS PHASE OD ECONOMIC AND MILITARY CHALLENGES & EXPRESSED GREAT DESIRE TO RETURN TO NEXT PARL SESSION AND CONTINUE REFORM ACTIVITIES……
rcookie says():SECURITY
PENTAGON ANNOUNCES 2 US SOLDIERS WOUNDED IN ERBIL IRAQ & RAQQA SYRIA…MOD OBEIDI STATES EVIDENCE OF ISIS BEGAN FALL APART AND LOSE EVERYTHING…
ISF STATES QUICKER FALLUJAH OPERATIONS HINDERED BY PRESENCE OF CIVILIANS…
LIFT & BLOW LARGE NUMBERS IED’S THAT IMPEDE FALLUJAH OPERATIONS…HUGE ISIS TUNNEL NETWORK DISCOVERED IN FALLUJAH…
COL CHRISTOPHER GARVER APPOINTED SPOKESMAN FOR JOINT TASK FORCE REPLACING WARREN…50 ISIS ELEMENS KILLED IN ATTACK SOUTH OF MOSUL..
ANBAR SECURITY ISSUES STATEMENT THAT IRAQI NATIONAL FLAG WILL BE RAISED IN CENTER FALLUJAH WITH IN NEXT FEW DAYS…
VICE STATES THE US IMPOSED TOUGH CONDITIONS ON IRAQ IN MILITARY AGREEMENTS…
ISF AIR RAID CONFIRM KILLING OF SENIOR ISIS LEADERS INCLUDE WAR MINSTER AND $6 BILLION CASH HOLDINGS IN QAIM…
ISF ARMY AVIATION COMMANDER STATES ALL AXES TO FALLUJAH CORDONED OF AND CONDUCT 560 SORTIES…
JABOURI VISITS JOINT OPERATION COMMAND & FIELD COMMANDERS CENTER IN FALLUJAH…
PESHMERGA TROOPS CLEAR MORE THAN 40 SQ MILES OF TERRITORY OUTSIDE OF MOSUL…
ABADI CONFIRMS ELAYED OPERATIONS IN POST FALLUJAH LIBERATION…
rcookie says():GENERAL
BARZANI STATES KURDISTAN REGION “DESPERATELY” NEEDS TO IMPLEMENT COMPREHENSIVE REFORMS…
BASRA DISCUSSES ALLIANCE OF REGIONAL 5 YEAR DEVELOPMENT PLAN WITH UN ALONG WITH MAYSAN/DIWANIYA/MUTHANNA PROVINCES…
ARAB CONTRACTORS UNION & JORDAN MINISTRY OF PUBLIC WORKS ALONG WITH TAMIMI HOST ARAB FAIR FOR DEVLOPMENT OF INFRASTRUCTURE INVESTMENTAND INVESTMENT LAW AMENDMENT…
UN STATES CONCERN OF FOOD SUPPLY FOR CHILDREN IN FALLUJAH AND CALLS FOR GREATER MEASURES TO PROTECT CIVILIANS IN LIBERATION OPERATIONS…
UN CONFIRMS THE KILLING/WOUNDING 2326 IRAQIS IN MAY 2016…
ABADI GIVES RADIO ADDRESS TO FALLUJAH IN NUAIMIYA INSPECTION EXPRESSING DEFINITIVE LIBERATION…
IRAQ CENTRAL BUREAU RECEIVES INTERNATIONAL ACCREDITATION CERTIFICATE FOR QUALITY CONTROL INSPECTION…
SALAHUDDIN DEPUTY CONFIRMS RETURN OF 80% OF DISPLACED AND DEMANDING FURTHER RECONSTRUCTION SUPPORT…
GOV’T ANNOUNCES PURSUIT TO PROVIDE 250,000 JOBS FROM PRIVATE SECTOR ALONG WITH OTHER OBJECTIVES TO MOVE TO MARKET ECONOMY INCLUDING: ADDRESSING HOUSING CRISIS BY CREATE OR BUY 36,000 NEW UNITS…
PRIVATE SECTOR REHAB AND INTRO NEW TECHNOLOGY TO 330 PLANTS & FACTORIES…MANUFACTURE RAW MATERIALS FOR INDUSTRY & AGRICULTURE INDUSTRIES…
PROMOTE PROJECTS IN INDUSTRIAL CITIES…REDUCE IMPORTS THROUGH NATIONAL PRODUCT SUBSTITUTION OF AT LEAST 50 PRODUCTS…
NATIONAL EXPORT PROMOTION COMPETITION OF AT LEAST 10 PRODUCTS…LEGALIZING FOREIGN CURRENCY DISPLAY AND REDUCE BY 10%…
AND LOAN MECHANISMS & AMOUNTS BY SECTOR WITH TERMS…
JABOURI STATES IRAQ IS A POOR COUNTRY BECAUSE OF CORRUPTION…
KURDS ANNOUNCE DIRECT DISTRIBUTION OF EMPLOYEES SALARIES FOR MONTH OF APRIL…
ALLAWI WARNS OF IRANIAN INFLUENCE IN FALLUJAH…
SADR & LIBERAL BLOC WARN OF ARREST WARRANTS ISSUED PROTESTORS IN SADR CITY…
FRANCE PLANNING TO OPEN CONSULATE IN NAJAF…
_firefly_ says():Iraqi private banks association was discussing with representatives of the US Treasury Department Akharalmostagdat in Iraq’s banking sector
2016/06/01 | 11:50 (Encyclopedia of the Day News | Iraq News ) – Economy News special examined the Iraqi private banks association with a team of US Treasury Akharalmostagdat pertaining to the banking sector in Iraq, and representatives of the Iraqi private banks association comprehensive report on the constraints and limitations faced by private banks , the banking sector put an offer ,
also touched on the efforts of the Association to develop the efficiency of the banking sector in particular in the field of combating money laundering and terrorism financing, through the training of workers in this sector in cooperation with the ACAMS International Foundation.
representatives of the US Treasury and pointed to the Iraqi Central Bank ‘s decision on stopping 300 banking firm for the purpose of be subject to scrutiny by the standards followed by the central bank, said representatives of the US Treasury support for the plans of the Central Bank of Iraq to Ttoiralqtaa banking and subjected to Maiaratah in the fight against money laundering and financing of terrorism. They also discussed the need for the banking Ttoiralqtaa and overcome obstacles in order to take a real role. ended
_firefly_ says():The UST huh !!!!!!
_firefly_ says():Again?
clay says to _firefly_():cookie news sounds great ty both 🙂
_firefly_ says to clay():Well we all know the UST doesn’t go anywhere unless money is involed IMO
clay says to _firefly_():yep
Josie says():Sorry if I have missed this, but has there been a date established as to when Iraq’s new credit rating may be announced ?
subgirl says to Josie():I am not sure?
Josie says to subgirl():ok thanks. I know there has been a lot of talk about a new pending credit rating for Iraq so I assume it will be set (announced) in the near term,. just curious when
rcookie says():Identification of the Iraqi economy Options
6/1/2016 0:00 Faris Al Salman al – Rubaie missed Iraq since 2003 through the economic recovery did not invest the proceeds of the massive rise in oil prices , which could have been invested to achieve the developmental economic boom.
The confusion that currently experienced by the Iraqi economy, caused by a lack of identification of the Iraqi economy, not to mention the weakness and lack of strategic economic planning as well as shortcomings in the management of resources and the reluctance to enforce the law and the weakness of regulatory and legislative institutions as well as the impact of the administrative and financial corruption in most of the joints.
At the time everyone was waiting for a big economic successes of successive governments and the parliament , and regulators, and limiting the performance of government on the reaction , no more politics.
We will try in Mbgesna this that are feeling the optimal economic way for the advancement of economic reality through a review of the main methods and economic theories followed by the countries of the world and the extent of compatibility with the Iraqi reality.
between the free – market economy and socialism produced the capitalist system , the theory of globalization and free market economy, a comprehensive liberalization of the market and trade liberalization of capital movements as well as the frantic quest for profit through fierce competition and monopoly Wild.
this in turn create social problems for labor rights account and the stability of wages and the weakening of social security, which inevitably leads to the killing of social development, and I mean in other words , the control of the private sector on the economic file and fully determine the contribution of the government in the economic process, and on the contrary, we find in the socialist system , the dominance of the state ‘s authority over all economy facilities.
We have the need arose to the theory of trying to combine the laws of free market economy and the social principles of the socialist system, and Anni so socialist democracy, but we are talking about the theory aims to attend the government in the maintenance and control of the relationship between market competition and social justice.
the varied experiences in this field, for example , we find Sweden has adopted a successful model of socialist democracy, a model close to the social market economy in terms of securing social and health service benefits, and even exceeded the socialist countries in it, while the German social market theory focused on employers and trade agreement to report wages and providing funds for the training and development of professional competencies .
Read More http://www.dinarupdates.com/showthread.php?35312-Identification-of-the-Iraqi-economy-Options-6-1
rcookie says():there are those who mistakenly believed that the social market economy belongs to the socialist theory, and in fact is the model proposed by the two Germans (Alfred Ormick and Udwing Earhart) combines the advantages of a free market economy in terms of economic power efficient
and the abundance of product and between socialist theory to avoid fierce competition, monopoly and prevent the exploitation of workers and allow the creation of unions and their participation in decision – making accompanied by strict control of the government and not to allow commercial operations abusing the social system.
in a free market economy is the role of the state negatively in terms of protecting the community socially, while in the social market economy is the role of government oversight and keeps the economy the focus of such economic stimulus legislation and fair competition laws and approval of social security policies.
the theory (Earhart) is to try to combine the freedom of trade , social justice and economic growth within the framework of an economic and social system balanced.
Take , for example , applied: the Germany emerged from World War II totally destroyed and adopted a social market economy through the following steps:
1 – Support for civil society.
2 – the foundations of civil society – stock companies for the production and rebuilding backed banks such as Mercedes and Voleksoagn and Bayer Pharmaceuticals and ThyssenKrupp Steel Industries, and in electricity was set up contributing companies civil possessed nineteen nuclear reactor to produce electricity.
3 – has been supporting small and medium – sized companies to create development thus achieved these companies jobs and wide as well as social security for labor.
4 – encourage the government to small businesses and medium by way of loans to encourage competition in order to encourage people to work and support their families and employment.
5 – the German government has encouraged the establishment of courses and seminars to educate the public in ways that set up business ventures and economic and terms of support and tax transactions , and others.
As a result of the success of the German experience and the collapse of the Soviet Union in 1991 brought back a lot of parties European communist consider their economic programs, the Italian Communist party amended his theory of Marxism – Leninism to socialist democracy theory which is different from the social market economy theory, but close is somewhat of them.
these differ theory liberal theory of social and liberal socialism, as the last two Traian that it is the duty of the state job creation, health care, education and civil rights, which calls for respect for individual freedom and tolerance , and is that the right to work and the right to payment of adequate remuneration to work no less important than the right to own property.
which they are here agree with the social market economy that excel them a theory because they believe in ownership individual means of production with state regulation of the market in order to achieve fair competition and achieves the same time social justice and social services such as education , health and security, human rights ,
in other words , it achieves a balance between capitalism and socialism any achieved a balance between economic freedom and justice in order to serve the community any way that serves the public good.
http://www.dinarupdates.com/showthread.php?35312-Identification-of-the-Iraqi-economy-Options-6-1
rcookie says to _firefly_():NOW IF YOU HAD THE CHOICE TO START FROM SCRATCH KNOWING WAHT YOU KNOW FROM HISTORY…WHICH ECONOMIC & SOCIAL OPTION ARE YOU GOING TO ACTIVATE THE NEW IRAQ WITH……..
Scotzgirl says():Am I close… Kuwait reinstated the pre-war value of their currency, then market drove it higher, then eventually settled in range it is today?
_firefly_ says to Scotzgirl():AFTER THE WAR
AFTER THE WAR; No Electricity but Kuwait Reopens Its Banks
By DONATELLA LORCH, Special to The New York Times
Published: March 25, 1991
_firefly_ says to Scotzgirl():KUWAIT CITY, March 24— It still has no water and little electricity or food, but Kuwait revived its banking system today, introducing a new currency.
Banks reopened for the first time since Iraqi occupation forces shut them down in December. Thousands of people lined up to exchange their old Kuwaiti dinars for crisp new ones and to withdraw a limited amount of money.
Without electricity, the banks services were slow, limited to money exchange and withdrawal. There was no telex, no electronic money transfer and no telephones. The computers were unusable, so all transactions had to be entered by hand.
“It’s like going back 20 years,” said Mohammed al-Yahya, the manager of the Commercial Bank of Kuwait, the nation’s second-largest bank. Seized Dinars Canceled
The Central Bank is canceling the value of Kuwaiti dinars that were seized from the Central Bank and put into circulation by the Iraqis. The invalid serial numbers were posted today in front of all banks in the city.
All other old dinars can be exchanged for new ones on a one-to-one rate until May 7, when the old dinars become invalid. The new official exchange rate is 3.47 American dollars for one new Kuwaiti dinar.
Although it is severly handicapped without electricity, the Commercial Bank, like many other major banks, was able to open for business because its records had been saved from the Iraqis. Mr. Yahya hid the bank’s balance sheets in his home and sent its computer records to London via Syria with an Indian employee, who packed the tapes into the back of a trailer.
The banks also face serious personnel shortages. Only 11 of the Commercial Bank’s 35 branches opened today, with 137 out of 1,300 workers.
Before the Iraqi invasion, only 17 percent of the bank’s staff was Kuwaiti. Many of the foreign workers — Jordanians, Palestinians and Indians — fled and now cannot re-enter the country.
For those exchanging money today, there was little they could buy in Kuwait. Many of those in line said they planned to use their money for vacations or for shopping trips to Saudi Arabia to buy generators and food.
“I need to get away from this pressure,” said Abdul Mohammed Hussein, a computer engineer in his early 40’s who said he was withdrawing 1,500 new dinars to take a vacation in the United Arab Emirates. “Everywhere you go you find lines. At the supermarket, you find lines. To get petrol for the car, you find lines.”
Abdul Hamed al-Atar, a 50-year-old retired Interior Ministry official, said this was the first time he had set foot in a bank since September, and he seemed relieved. “Kuwaits always keep a lot of cash with them,” he said as he was handed crisp new piles of money that he stuffed into a small bag. “It’s a comfort to have money in my hands.”
Photo: As Kuwaiti banks opened for the first time in months, a group waited in line to change old banknotes for new. New currency was printed to replace stocks of previous notes looted during the Iraqi occupation. (Agence France-Presse)
_firefly_ says to Scotzgirl():Hope that helps 🙂
Scotzgirl says to _firefly_():yep! tyvm!
Dinarian1 says to _firefly_():Thanks for that trip down memory lane!
pizzaman says to rcookie():Thanks again for the recap…short and to our the point…love those! Was curious about what this phrase meant if you could opine further upon it…appreciated; LEGALIZING FOREIGN CURRENCY DISPLAY AND REDUCE BY 10%
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