Post From BondLadys Corner 12-15-15
BLC Admin Tlm724 News & Comments Part 1 of 2
Abadi adviser confirms the launch of small loans a week ago and warnings from the acquisition of private banks
Author: HH, ZJ Editor: BK, HH 2015/12/15 11:01
Long-Presse / Baghdad Economic Adviser to the Prime Minister Haider al-Abadi, on Tuesday, announced that the micro-credit project for citizens launched a week ago, and stressed that the central bank has introduced a private circle follow-up, and among economist that the project "has not been studied," about an in-depth, warned of the possibility of acquisitions of private banks from During the "fake names."
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BLC Admin Tlm724 News & Comments Part 1 of 2
Abadi adviser confirms the launch of small loans a week ago and warnings from the acquisition of private banks
Author: HH, ZJ Editor: BK, HH 2015/12/15 11:01
Long-Presse / Baghdad Economic Adviser to the Prime Minister Haider al-Abadi, on Tuesday, announced that the micro-credit project for citizens launched a week ago, and stressed that the central bank has introduced a private circle follow-up, and among economist that the project "has not been studied," about an in-depth, warned of the possibility of acquisitions of private banks from During the "fake names."
~~~
He said the appearance of Mohammed Saleh, said in an interview to the (long-Presse), "The small loans to citizens which are estimated Petrleon and 500 billion dinars, launched a week ago," noting that "the right of citizens who have small businesses obtained from the private banks, which holds the lending on behalf of the Bank Iraqi Central accordance with the conditions specified ".
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Saleh added, "The lending process is subject to the supervision of the audit," noting that "banks, which holds the base that will prepare information for each borrower to know the beneficiaries and to monitor any violation."
He continued economic advisor to the prime minister, that "the Iraqi Central Bank introduced a competent circle small loans," pointing out that it "will give policy implementation, supervision and checking on those loans." |
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Expert warns of the potential downsides
For his part, counting an economist that "small loans involving cons about being not studied in depth," warning of "the possibility of acquisitions by private banks through fictitious names."
Said Hassan al-Asadi, said in an interview to the (long-Presse), "The economic sector was neglected in 2003 ago and even now, with plans or legislation enacted what encourages the private sector to promote Bdhor be required did not include", he returned to "loans constitute a positive step to support the industrial and agricultural sectors. "
And saw al-Asadi, that "small loans involve some drawbacks, because the state used to be pumped about random loans without in-depth study."
He accused the economist, "the private banks which would grant small loans, to prepare lists of fake names, to pull the largest part of the $ trillion and 500 allotted billion dinars," likely "not achieve the desired micro-credit as a result of the lack of data or in-depth studies for distribution base, along the lines of What happened in the agricultural initiative, and housing loans that have not achieved the desired ones. "
And saw al-Asadi, that "the first state was careful to launch small loans until the preparation of studies on them."
The Central Bank of Iraq, said in (the 23 of June 2015), the launch of loan amounts medium and small enterprises by the Iraqi private banks beginning in July 2015, while between that loan amounts of up to 50 million dinars, he stressed that banks benefit will not exceed 5.5 percent.
The Iraqi Association of private banks, announced in (the 13th of September 2015), the Central Bank announced the launch of an increase of half a trillion dinars, the budget allocated to the financing of small and medium enterprises, to stimulate the private sector and promote employment opportunities for young people. LINK
tlm724] Economic Adviser to the Prime Minister Haider al-Abadi, on Tuesday, announced that the micro-credit project for citizens launched a week ago, and stressed that the central bank has introduced a private circle follow-up
[tlm724] *hallelujah* love it when they launch money !!!!!!!
[tlm724] "The small loans to citizens which are estimated Petrleon and 500 billion dinars, launched a week ago," noting that "the right of citizens who have small businesses obtained from the private banks, which holds the lending on behalf of the Bank Iraqi Central accordance with the conditions specified
[tlm724] thats a nice chunk of change
Saleh added, "The lending process is subject to the supervision of the audit," noting that "banks, which holds the base that will prepare information for each borrower to know the beneficiaries and to monitor any violation." He continued economic advisor to the prime minister, that "the Iraqi Central Bank introduced a competent circle small loans," pointing out that it "will give policy implementation, supervision and checking on those loans.
[tlm724] pointing out that it "will give policy implementation, supervision and checking on those loans.
[tlm724] it's about time the CBI did their job, they gotta monitor the money, period !!
http://ift.tt/1UwOGGu
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Baghdad Municipality announces the completion of the city, "Sinbad Land" Baghdadi
History of edits:: 2015/12/15 10:17
For his part, counting an economist that "small loans involving cons about being not studied in depth," warning of "the possibility of acquisitions by private banks through fictitious names."
Said Hassan al-Asadi, said in an interview to the (long-Presse), "The economic sector was neglected in 2003 ago and even now, with plans or legislation enacted what encourages the private sector to promote Bdhor be required did not include", he returned to "loans constitute a positive step to support the industrial and agricultural sectors. "
And saw al-Asadi, that "small loans involve some drawbacks, because the state used to be pumped about random loans without in-depth study."
He accused the economist, "the private banks which would grant small loans, to prepare lists of fake names, to pull the largest part of the $ trillion and 500 allotted billion dinars," likely "not achieve the desired micro-credit as a result of the lack of data or in-depth studies for distribution base, along the lines of What happened in the agricultural initiative, and housing loans that have not achieved the desired ones. "
And saw al-Asadi, that "the first state was careful to launch small loans until the preparation of studies on them."
The Central Bank of Iraq, said in (the 23 of June 2015), the launch of loan amounts medium and small enterprises by the Iraqi private banks beginning in July 2015, while between that loan amounts of up to 50 million dinars, he stressed that banks benefit will not exceed 5.5 percent.
The Iraqi Association of private banks, announced in (the 13th of September 2015), the Central Bank announced the launch of an increase of half a trillion dinars, the budget allocated to the financing of small and medium enterprises, to stimulate the private sector and promote employment opportunities for young people. LINK
tlm724] Economic Adviser to the Prime Minister Haider al-Abadi, on Tuesday, announced that the micro-credit project for citizens launched a week ago, and stressed that the central bank has introduced a private circle follow-up
[tlm724] *hallelujah* love it when they launch money !!!!!!!
[tlm724] "The small loans to citizens which are estimated Petrleon and 500 billion dinars, launched a week ago," noting that "the right of citizens who have small businesses obtained from the private banks, which holds the lending on behalf of the Bank Iraqi Central accordance with the conditions specified
[tlm724] thats a nice chunk of change
Saleh added, "The lending process is subject to the supervision of the audit," noting that "banks, which holds the base that will prepare information for each borrower to know the beneficiaries and to monitor any violation." He continued economic advisor to the prime minister, that "the Iraqi Central Bank introduced a competent circle small loans," pointing out that it "will give policy implementation, supervision and checking on those loans.
[tlm724] pointing out that it "will give policy implementation, supervision and checking on those loans.
[tlm724] it's about time the CBI did their job, they gotta monitor the money, period !!
http://ift.tt/1UwOGGu
~~~~~~
Baghdad Municipality announces the completion of the city, "Sinbad Land" Baghdadi
History of edits:: 2015/12/15 10:17
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{Baghdad: Euphrates News} announced the Municipality of Baghdad, on Tuesday, for the completion of the city, "Sinbad Land" entertainment at a cost of about {50} billion dinars in collaboration with Italian and British specialized companies, noting that "the adoption of the electronic card payment in Entertainment City system."
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Chief Executive Officer of the company invested for the project Abbas Acialki said in a statement issued by the Secretariat received by the agency {Euphrates News} today, "he was the completion of the city {Sinbad Land} entertainment at the site of the former city of Rusafa games on Canal Street, one of the largest amusement parks in the capital Baghdad area { 100} thousand square meters and able to accommodate at least {25} a thousand people a day.
"He added that" the project which was implemented in two stages featuring {30} game {15} of them for adults and {15} game medium and small reconstruction along Aquatics The Mall of Sinbad which represents the character of the heritage of the capital Baghdad with the added touches of modernity in the field of colors and architectural designs that are set up in coordination with the British and Italian two Mtakhtsh cities Games and revitalize green areas.
"He explained that" the lake located within an area of {250} thousand square meters project will be invested to organize tours for families Baghdadi by quiet boat from the southern side near Palestine Street to the north side near the road the army channel to enjoy watching the beautiful scenery and spend the most enjoyable times, "pointing out that" the company invested for the project embarked on the implementation of the new development projects of water for the city and the walkway water and Yacht Club " .
He said the "project also includes an air-conditioned hall for electronic games with a series of restaurants, cafes and shops refreshments and juices, along with a special parking spaces for more than {1000} car."
He noted that "Entertainment City will adopt a new technology is the electronic card system for payment which means that the customer will not use the currency and citizen could walk around in the city and enjoy the breathtaking views and enjoy the games available, including other public services ".anthy
http://ift.tt/1UwOFCw
[tlm724] per BondLady = ((electronic card system for payment which means that the customer will not use the currency ))
[tlm724] Very Happy
[cat] hmmmm
[cstacy] cat yes
[tlm724] He noted that "Entertainment City will adopt a new technology is the electronic card system for payment which means that the customer will not use the currency and citizen could walk around in the city and enjoy the breathtaking views and enjoy the games available, including other public services "
[tlm724] thats nice
http://ift.tt/1QL6QUI
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Legal reveals the formation of a council to combat money laundering and the freezing of funds fleeing
Economy and Tenders
Since 12/15/2015 13:14 pm (Baghdad time)
BAGHDAD - scales News Legal expert Tareq Harb, Tuesday, revealed that the new anti-money laundering law form a council to combat money laundering and the Commission to freeze the funds fugitives.
He said the war in a statement received / scales News / copy, "pursuant to the provisions of Article 129 of the Constitution which necessitated the labor laws after its publication in the Official Gazette, has been published Law No. 39 of 2015, the new anti
He explained that "the previous law was decided by a higher penalty can be imposed is imprisonment for a period not exceeding four years, while the new law brought the punishment to life imprisonment and through him note the considerable difference between the two laws."
War, he said, "If the value of money of ten million dollars the previous law decides penalty of not more than this amount, while the new law can be up punishment it to $ 60 million as five times the money subject of the crime, and thus note the considerable difference introduced by the new law the criminal punishment and financial penalty as set out in Article 36 et seq. of the new law. "
He pointed out the war to be "This new law covers everyone, including Chairman and Commissioner of the bank manager as well as financial institutions such as banks and companies, including up to 250 million dinars, in addition to the new law establishes the criminal and financial responsibility determined by the possibility of knowing where that responsibility on the possibility of science has not unscheduled in the previous law, but he shall be punished upon knowing that the funds obtained from a crime. "
He pointed out that "the new law form a council to combat money laundering and the Commission to freeze the fugitives money did not exist in the previous law, headed by Central Bank Governor Multiple destinations interior, finance, justice, trade, foreign affairs and the Secretariat of the Council of Ministers and the National Intelligence and Security and the fight against terrorism, such as ministries"
He said the "new law decided to many legal obligations on financial institutions such as banks, companies and the Business and Professional non It ended 29 quarters e LINK
[tlm724] Legal reveals the formation of a council to combat money laundering and the freezing of funds fleeing
[tlm724] perfect they need this oversight !
[tlm724] "the previous law was decided by a higher penalty can be imposed is imprisonment for a period not exceeding four years, while the new law brought the punishment to life imprisonment and through him note the considerable difference between the two laws."
[tlm724] yep we did a chat about the penal system and how the old Saddam laws would give a fine of 100 k dinars etc... which back then would be like $300,000.00 but today would be like a hundred bucks, this needed to be changed
[tlm724] *hallelujah* Iraq is putting on their big boy panties
http://ift.tt/1QL6SMs
~~~~~
Parliamentary Finance: Central Bank is subject to quotas partisan
"He added that" the project which was implemented in two stages featuring {30} game {15} of them for adults and {15} game medium and small reconstruction along Aquatics The Mall of Sinbad which represents the character of the heritage of the capital Baghdad with the added touches of modernity in the field of colors and architectural designs that are set up in coordination with the British and Italian two Mtakhtsh cities Games and revitalize green areas.
"He explained that" the lake located within an area of {250} thousand square meters project will be invested to organize tours for families Baghdadi by quiet boat from the southern side near Palestine Street to the north side near the road the army channel to enjoy watching the beautiful scenery and spend the most enjoyable times, "pointing out that" the company invested for the project embarked on the implementation of the new development projects of water for the city and the walkway water and Yacht Club " .
He said the "project also includes an air-conditioned hall for electronic games with a series of restaurants, cafes and shops refreshments and juices, along with a special parking spaces for more than {1000} car."
He noted that "Entertainment City will adopt a new technology is the electronic card system for payment which means that the customer will not use the currency and citizen could walk around in the city and enjoy the breathtaking views and enjoy the games available, including other public services ".anthy
http://ift.tt/1UwOFCw
[tlm724] per BondLady = ((electronic card system for payment which means that the customer will not use the currency ))
[tlm724] Very Happy
[cat] hmmmm
[cstacy] cat yes
[tlm724] He noted that "Entertainment City will adopt a new technology is the electronic card system for payment which means that the customer will not use the currency and citizen could walk around in the city and enjoy the breathtaking views and enjoy the games available, including other public services "
[tlm724] thats nice
http://ift.tt/1QL6QUI
~~~~~~
Legal reveals the formation of a council to combat money laundering and the freezing of funds fleeing
Economy and Tenders
Since 12/15/2015 13:14 pm (Baghdad time)
BAGHDAD - scales News Legal expert Tareq Harb, Tuesday, revealed that the new anti-money laundering law form a council to combat money laundering and the Commission to freeze the funds fugitives.
He said the war in a statement received / scales News / copy, "pursuant to the provisions of Article 129 of the Constitution which necessitated the labor laws after its publication in the Official Gazette, has been published Law No. 39 of 2015, the new anti
He explained that "the previous law was decided by a higher penalty can be imposed is imprisonment for a period not exceeding four years, while the new law brought the punishment to life imprisonment and through him note the considerable difference between the two laws."
War, he said, "If the value of money of ten million dollars the previous law decides penalty of not more than this amount, while the new law can be up punishment it to $ 60 million as five times the money subject of the crime, and thus note the considerable difference introduced by the new law the criminal punishment and financial penalty as set out in Article 36 et seq. of the new law. "
He pointed out the war to be "This new law covers everyone, including Chairman and Commissioner of the bank manager as well as financial institutions such as banks and companies, including up to 250 million dinars, in addition to the new law establishes the criminal and financial responsibility determined by the possibility of knowing where that responsibility on the possibility of science has not unscheduled in the previous law, but he shall be punished upon knowing that the funds obtained from a crime. "
He pointed out that "the new law form a council to combat money laundering and the Commission to freeze the fugitives money did not exist in the previous law, headed by Central Bank Governor Multiple destinations interior, finance, justice, trade, foreign affairs and the Secretariat of the Council of Ministers and the National Intelligence and Security and the fight against terrorism, such as ministries"
He said the "new law decided to many legal obligations on financial institutions such as banks, companies and the Business and Professional non It ended 29 quarters e LINK
[tlm724] Legal reveals the formation of a council to combat money laundering and the freezing of funds fleeing
[tlm724] perfect they need this oversight !
[tlm724] "the previous law was decided by a higher penalty can be imposed is imprisonment for a period not exceeding four years, while the new law brought the punishment to life imprisonment and through him note the considerable difference between the two laws."
[tlm724] yep we did a chat about the penal system and how the old Saddam laws would give a fine of 100 k dinars etc... which back then would be like $300,000.00 but today would be like a hundred bucks, this needed to be changed
[tlm724] *hallelujah* Iraq is putting on their big boy panties
http://ift.tt/1QL6SMs
~~~~~
Parliamentary Finance: Central Bank is subject to quotas partisan
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Economy and Tenders
Since 12/15/2015 13:19 pm (Baghdad time) Special - scales News -- He said the parliamentary finance committee member Ahmed Sarhan Sarhan, Tuesday, that the lack of controls in the sale of the dollar in the foreign exchange auction of the Central Bank would have a negative impact on the Iraqi economy, while noting undergo Bank of partisan quotas. |
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Sarhan said L / scales News / "The central bank is subject to quotas and partisan consensus", adding that "the central dimensions from quotas are not only the existence of a strong government able to manage the helm of the country without quotas and consensus."
He added that the "hard currency auction has a negative impact on the current financial crisis in the country", calling for a "no
He stressed "the importance of determining the amount of the sale of hard currency, making it easier to control the movement of the dollar and the need for Iraq him", adding that "the lack of controls and lawlessness in the sale of the dollar will affect the Iraqi economy as a dollar of hard currency" .anthy 29 quarters e LINK
[tlm724] someday we'll all have a pile of money like that ^^^*mission* Wink
[cat] I hope soon
[tlm724] me too
[tlm724] that the lack of controls in the sale of the dollar in the foreign exchange auction of the Central Bank would have a negative impact on the Iraqi economy,
[tlm724] stressed "the importance of determining the amount of the sale of hard currency, making it easier to control the movement of the dollar and the need for Iraq him", adding that "the lack of controls and lawlessness in the sale of the dollar will affect the Iraqi economy as a dollar of hard currency"
[tlm724] yep I agree , get rid of the dollar dayum it . It's more trouble then it's worth to Iraq .
http://ift.tt/1UwOFCA
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((diff.source))...Tomorrow .. vote on the budget in the parliament session agenda
12/15/2015 [rtl] BAGHDAD / JD / .. announced the National Alliance MP Ali Safi, Tuesday, announced the launch of draft financial budget law for 2016 parliamentary session on the agenda of the day tomorrow, for a vote.[/rtl] |
[rtl] Safi said at a news conference the House of Representatives attended / JD /: "The House of Representatives will vote tomorrow on the draft general budget of the federal law after putting the finishing touches before the parliamentary Finance Committee, which said its members that the priority in transfers will be to support the popular crowd and displaced persons and the province of Basra,"
noting that "all the political blocs to support these three sectors increased allocations in the new General Budget Law."[/rtl]
[rtl]He also called for the National, the Finance Committee "to deal with the poor provinces of private Muthanna, Diwaniyah and Dhi Qar, the same priority that supported the popular crowd and displaced persons and the province of Basra within the budget,"
noting that "these provinces experiencing a complete halt to projects of service to the lack of financial cover as well as corporate debt and Contractors edema in local government. " / End / 22 http://ift.tt/1UwOGGG]
http://ift.tt/1QL6Rb6
[tlm724] gonna see a lil budget action tomorrow
http://ift.tt/1UwOFCE
Comments may be made at the end of Part 2 Thank You
noting that "all the political blocs to support these three sectors increased allocations in the new General Budget Law."[/rtl]
[rtl]He also called for the National, the Finance Committee "to deal with the poor provinces of private Muthanna, Diwaniyah and Dhi Qar, the same priority that supported the popular crowd and displaced persons and the province of Basra within the budget,"
noting that "these provinces experiencing a complete halt to projects of service to the lack of financial cover as well as corporate debt and Contractors edema in local government. " / End / 22 http://ift.tt/1UwOGGG]
http://ift.tt/1QL6Rb6
[tlm724] gonna see a lil budget action tomorrow
http://ift.tt/1UwOFCE
Comments may be made at the end of Part 2 Thank You
via Dinar Recaps - Our Blog http://ift.tt/1QL6T2K
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