Morning News Comments 07/01/2015
Cabinet approves draft anti-money laundering and terrorism financing law
[BondLady] money laundering law, it keeps them from being put on the international black list
[tlm724] yes ma'am !!!!
[BondLady] the dinar needs international acceptance without that law it wouldn't have it, it would be on a black list, this is a biggie Wink
The bureau added that "The Council approved a draft anti-money laundering law, and the financing of terrorism," noting that "This project is of great importance for his role in drying the sources of terrorism and to respond to international trends in this area."
~~~
Cabinet approves draft anti-money laundering and terrorism financing law
[BondLady] money laundering law, it keeps them from being put on the international black list
[tlm724] yes ma'am !!!!
[BondLady] the dinar needs international acceptance without that law it wouldn't have it, it would be on a black list, this is a biggie Wink
The bureau added that "The Council approved a draft anti-money laundering law, and the financing of terrorism," noting that "This project is of great importance for his role in drying the sources of terrorism and to respond to international trends in this area."
~~~
[BondLady] and to respond to international trends in this area."
[tlm724] all leading us towards our goal of international acceptance of the dinar, then Iraq can dedollorize ! Use their own currency for their bills and everyday transactions and and and ....
~~~
Association of Banks: Adoption of the Money Laundering Act will give the world confidence and prevents the entry of Iraq in the black list
[tlm724] : Adoption of the Money Laundering Act will give the world confidence and prevents the entry of Iraq in the black list
[tlm724] I couldn't say it any better than that !
[tlm724] and not only that but that confidence brings money baby !
[tlm724] which has been developed according to the latest international standards and agreements and coordinate directly with the World Bank and the Financial Action Task Force and international organization
[tlm724] *wolfwhistle*
[tlm724] seeing this law written with the help of these agencies makes me confident that it was done right and should pass through Parliament quickly. Here's another one
~~~
Association of Banks: Money Laundering Act legislation will give confidence to the global private banks
[tlm724] Money Laundering Act legislation will give confidence to the global private banks
[tlm724] the adoption of the Council of Ministers to the law of money laundering will give a global trust for private banks, while showed that banks will adhere to the law
[tlm724] it's a beautiful thing i tell you ! this law will provide frameworks, concepts and provisions that enable the central bank, the judiciary and the relevant authorities of the use of appropriate tools
[tlm724] a structured plan, a set of regulations is exactly what they needed !
[tlm724] This law will give the world confidence in foreign dealings with Iraqi banks,
[tlm724] thats the cherry on top !
[tlm724] money is gonna flow like water and not out the back door of Iraq either, this law will stop the lions share of corruption !
~~~
Agreement on the application of the Central Bank for Development Project
[tlm724] resulted in a meeting of the advisers in the Cabinet for agreement provides for the application of the Central Bank-funded project for small and medium enterprises after placing rules and regulations implemented in the nearest time to achieve the desired goal of it in accordance with the government program and orientations aimed to shift to a market economy
[tlm724] thats huge as well !
[tlm724] they are getting on the same page FINALLY as far as creating a free market economy !
[tlm724] The project aims to achieve economic and social development with the support of small and medium enterprises and operation of skilled manpower, the central bank has been allocated in the Instructions No. (7) for the year 2015 the sum of (1) trillion dinars to lend
[tlm724] Mohammed Saleh, the central bank initiative, which counted as "good step", to enter a motivational program towards economic development to support and move the work of the private sector.
[tlm724] For its part, urged d. Returning Nuri Associate Director-General in the Ministry of Planning and the need to identify sectoral activities servings of loans and their compatibility with development plans, stressing at the same time put an electronic program to follow up on loan payments for a group of projects, and monitor the movement of capital by connecting all lenders Central Bank.
[tlm724] let me put it this way, quite simply they are putting in the mechanisms to launch the private sector economy with oversight !
[tlm724] great news !
~~~
Appearance: should not interfere in the work of the Central
[tlm724] called on Saleh to unify the dollar sold exchange rate by the central bank or rolling markets and make it "a flat rate,
[tlm724] he "must specify the price realistic exchange rate commensurate with the economic and financial conditions experienced by the country, as well as he has to defend this price shall not exceed the difference 2 percent. "
[tlm724] He added, "The big difference in the dinar exchange rate against the dollar between the local market and the Central Bank of Iraq, lead to the loss of the country Bank ", stressing the need to adopt a unified exchange rate commensurate with the price of a barrel of oil, which currently sells for $ 60.
[tlm724] this price shall not exceed the difference 2 percent.
[tlm724] He noted that the problem of Iraq today caused by "low selling a barrel of oil price on which the country's access to hard currency and dropped him returns by more from 50 percent, while remain high imports what deficit was born in the current account,
"stressing that monetary policy works on the stability of the national currency and to address the fluctuation in the exchange rate. He concluded, saying that «the administrative and financial operations are generally affected in the exchange rate and led to the low value of the dinar against the dollar », calling for non-interference in the work of the central bank.
[tlm724] stressing that monetary policy works on the stability of the national currency and to address the fluctuation in the exchange rate
[tlm724] monetary policy works on the stability of the national currency
[tlm724] they must show stabilization and control in order to prove themselves worthy of going into article VIII of the IMF !
[tlm724] and we want them to do that !
[tlm724] one currency !
~~~
Hoarding money endanger and weaken the national economy
[tlm724] wherein he put all his money earned by the sweat of the brow and through a long journey of struggle and suffering. received his wife's words Mtlosmh and a trembling voice she did not know the fate of the Treasury
[tlm724] and this is what really happened, they burned the money and turned all hopes to ashes trample him away
[tlm724] black bag As for the contractor Star Rahim was a proverb that says, "escaped from the pan and fell in Fire "apply to him completely, he began to transfer his money bit by bit to foreign" dollar currency "in order to at least size and easily stored, and because it was afraid of armed robberies at night, it was beyond most of its funds from the Treasury, and put in a little bit of money in local currency.
[tlm724] he began to transfer his money bit by bit to foreign" dollar currency
[tlm724] it goes on and you can read it in the forum but let me show the last paragragh
Nasser to talk: what happened to my money was preordained, but I would not put my money in a bank, and the reason for this goes back to that one of my friends who put their money in banks took me one day to withdraw part of his money, and there I saw the disaster that not and will not forget,
it was the crowd surrounds the bank in all its aspects, and is only moments until we put in the crowd, and Achttuna with standing in front of windows of hope, and before we enter the bank you imagine that my friend who deposited tens of millions will receive welcome and will be dealt with in a special way,
but that did not happen, it was the same case of the others, and was treated as an individual to visit the bank for the first time, and spent a lot of time in order to facilitate him what he wanted.
I've pushed me that position to avoid deposit my money in the banks Connie do not like red tape and complexity primarily.
At the beginning of last March said the bank's governor Iraqi Central, Dr. Ali Keywords: that his country is developing a strategic plan for the next five years include amending some relevant laws, job banks and the creation of some institutions, and added Keywords in statements reported in a timely manner and the media,
"The plan includes modifying some special job banks laws such as the Central Bank The banking law and the law of guarantee deposits in banks as well as money laundering law, "
explained Governor of the Central Bank of Iraq, said that" the Central Bank intends to create some of the institutions that guarantee deposits of citizens with private banks in order to encourage people to deposit in banks, and the introduction of new technologies by completing electronic payment project. "
[tlm724] before we enter the bank you imagine that my friend who deposited tens of millions will receive welcome and will be dealt with in a special way, but that did not happen,
[tlm724] I've pushed me that position to avoid deposit my money in the banks Connie do not like red tape and complexity primarily
[tlm724] added Keywords in statements reported in a timely manner and the media, "The plan includes modifying some special job banks laws such as the Central Bank The banking law and the law of guarantee deposits in banks as well as money laundering law,
[tlm724] the Central Bank intends to create some of the institutions that guarantee deposits of citizens with private banks in order to encourage people to deposit in banks,
[tlm724] if you ever wondered why people don't deposit their money beyond the obvious reasons then you should read this whole article
~~~
[tlm724] all leading us towards our goal of international acceptance of the dinar, then Iraq can dedollorize ! Use their own currency for their bills and everyday transactions and and and ....
~~~
Association of Banks: Adoption of the Money Laundering Act will give the world confidence and prevents the entry of Iraq in the black list
[tlm724] : Adoption of the Money Laundering Act will give the world confidence and prevents the entry of Iraq in the black list
[tlm724] I couldn't say it any better than that !
[tlm724] and not only that but that confidence brings money baby !
[tlm724] which has been developed according to the latest international standards and agreements and coordinate directly with the World Bank and the Financial Action Task Force and international organization
[tlm724] *wolfwhistle*
[tlm724] seeing this law written with the help of these agencies makes me confident that it was done right and should pass through Parliament quickly. Here's another one
~~~
Association of Banks: Money Laundering Act legislation will give confidence to the global private banks
[tlm724] Money Laundering Act legislation will give confidence to the global private banks
[tlm724] the adoption of the Council of Ministers to the law of money laundering will give a global trust for private banks, while showed that banks will adhere to the law
[tlm724] it's a beautiful thing i tell you ! this law will provide frameworks, concepts and provisions that enable the central bank, the judiciary and the relevant authorities of the use of appropriate tools
[tlm724] a structured plan, a set of regulations is exactly what they needed !
[tlm724] This law will give the world confidence in foreign dealings with Iraqi banks,
[tlm724] thats the cherry on top !
[tlm724] money is gonna flow like water and not out the back door of Iraq either, this law will stop the lions share of corruption !
~~~
Agreement on the application of the Central Bank for Development Project
[tlm724] resulted in a meeting of the advisers in the Cabinet for agreement provides for the application of the Central Bank-funded project for small and medium enterprises after placing rules and regulations implemented in the nearest time to achieve the desired goal of it in accordance with the government program and orientations aimed to shift to a market economy
[tlm724] thats huge as well !
[tlm724] they are getting on the same page FINALLY as far as creating a free market economy !
[tlm724] The project aims to achieve economic and social development with the support of small and medium enterprises and operation of skilled manpower, the central bank has been allocated in the Instructions No. (7) for the year 2015 the sum of (1) trillion dinars to lend
[tlm724] Mohammed Saleh, the central bank initiative, which counted as "good step", to enter a motivational program towards economic development to support and move the work of the private sector.
[tlm724] For its part, urged d. Returning Nuri Associate Director-General in the Ministry of Planning and the need to identify sectoral activities servings of loans and their compatibility with development plans, stressing at the same time put an electronic program to follow up on loan payments for a group of projects, and monitor the movement of capital by connecting all lenders Central Bank.
[tlm724] let me put it this way, quite simply they are putting in the mechanisms to launch the private sector economy with oversight !
[tlm724] great news !
~~~
Appearance: should not interfere in the work of the Central
[tlm724] called on Saleh to unify the dollar sold exchange rate by the central bank or rolling markets and make it "a flat rate,
[tlm724] he "must specify the price realistic exchange rate commensurate with the economic and financial conditions experienced by the country, as well as he has to defend this price shall not exceed the difference 2 percent. "
[tlm724] He added, "The big difference in the dinar exchange rate against the dollar between the local market and the Central Bank of Iraq, lead to the loss of the country Bank ", stressing the need to adopt a unified exchange rate commensurate with the price of a barrel of oil, which currently sells for $ 60.
[tlm724] this price shall not exceed the difference 2 percent.
[tlm724] He noted that the problem of Iraq today caused by "low selling a barrel of oil price on which the country's access to hard currency and dropped him returns by more from 50 percent, while remain high imports what deficit was born in the current account,
"stressing that monetary policy works on the stability of the national currency and to address the fluctuation in the exchange rate. He concluded, saying that «the administrative and financial operations are generally affected in the exchange rate and led to the low value of the dinar against the dollar », calling for non-interference in the work of the central bank.
[tlm724] stressing that monetary policy works on the stability of the national currency and to address the fluctuation in the exchange rate
[tlm724] monetary policy works on the stability of the national currency
[tlm724] they must show stabilization and control in order to prove themselves worthy of going into article VIII of the IMF !
[tlm724] and we want them to do that !
[tlm724] one currency !
~~~
Hoarding money endanger and weaken the national economy
[tlm724] wherein he put all his money earned by the sweat of the brow and through a long journey of struggle and suffering. received his wife's words Mtlosmh and a trembling voice she did not know the fate of the Treasury
[tlm724] and this is what really happened, they burned the money and turned all hopes to ashes trample him away
[tlm724] black bag As for the contractor Star Rahim was a proverb that says, "escaped from the pan and fell in Fire "apply to him completely, he began to transfer his money bit by bit to foreign" dollar currency "in order to at least size and easily stored, and because it was afraid of armed robberies at night, it was beyond most of its funds from the Treasury, and put in a little bit of money in local currency.
[tlm724] he began to transfer his money bit by bit to foreign" dollar currency
[tlm724] it goes on and you can read it in the forum but let me show the last paragragh
Nasser to talk: what happened to my money was preordained, but I would not put my money in a bank, and the reason for this goes back to that one of my friends who put their money in banks took me one day to withdraw part of his money, and there I saw the disaster that not and will not forget,
it was the crowd surrounds the bank in all its aspects, and is only moments until we put in the crowd, and Achttuna with standing in front of windows of hope, and before we enter the bank you imagine that my friend who deposited tens of millions will receive welcome and will be dealt with in a special way,
but that did not happen, it was the same case of the others, and was treated as an individual to visit the bank for the first time, and spent a lot of time in order to facilitate him what he wanted.
I've pushed me that position to avoid deposit my money in the banks Connie do not like red tape and complexity primarily.
At the beginning of last March said the bank's governor Iraqi Central, Dr. Ali Keywords: that his country is developing a strategic plan for the next five years include amending some relevant laws, job banks and the creation of some institutions, and added Keywords in statements reported in a timely manner and the media,
"The plan includes modifying some special job banks laws such as the Central Bank The banking law and the law of guarantee deposits in banks as well as money laundering law, "
explained Governor of the Central Bank of Iraq, said that" the Central Bank intends to create some of the institutions that guarantee deposits of citizens with private banks in order to encourage people to deposit in banks, and the introduction of new technologies by completing electronic payment project. "
[tlm724] before we enter the bank you imagine that my friend who deposited tens of millions will receive welcome and will be dealt with in a special way, but that did not happen,
[tlm724] I've pushed me that position to avoid deposit my money in the banks Connie do not like red tape and complexity primarily
[tlm724] added Keywords in statements reported in a timely manner and the media, "The plan includes modifying some special job banks laws such as the Central Bank The banking law and the law of guarantee deposits in banks as well as money laundering law,
[tlm724] the Central Bank intends to create some of the institutions that guarantee deposits of citizens with private banks in order to encourage people to deposit in banks,
[tlm724] if you ever wondered why people don't deposit their money beyond the obvious reasons then you should read this whole article
~~~
Law {} Federal Court will see the light in the current legislative term
[tlm724] the Federal Court Act of laws that have received extensive debates in parliament have not been ironed out yet
[tlm724] confirmed the existence of signs of a breakthrough on the Federal Court Act by the Kurdish list, indicating that the beginning of the current legislative term, which begins today will see a consensus on this law
[tlm724] *hallelujah*
[tlm724] Committee member Ibtisam Hilali, revealed the release date of the law on the House of Representatives after political blocs reached an agreement on it, indicating that it set next Thursday as the date for submission of the vote
[tlm724] nice !
[tlm724] the Federal Court Act of laws that have received extensive debates in parliament have not been ironed out yet
[tlm724] confirmed the existence of signs of a breakthrough on the Federal Court Act by the Kurdish list, indicating that the beginning of the current legislative term, which begins today will see a consensus on this law
[tlm724] *hallelujah*
[tlm724] Committee member Ibtisam Hilali, revealed the release date of the law on the House of Representatives after political blocs reached an agreement on it, indicating that it set next Thursday as the date for submission of the vote
[tlm724] nice !
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