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Sunday, January 24, 2016

Rcookie & Member Evening Chat  1-24-16   Part 1 of 2

Post From Dinar Updates 1-24-16
Excerpts & Highlights

Rcookie & Member Evening Chat  1-24-16   Part 1 of 2
 
hub says(): used my snow blower last evening, picked up a rock, threw it against the house, wife was setting on the porch having a 44 oz dr pepper and it scared her, she dropped it on the cat, it jumped up and and clawed the dog, since it was 70 degees my wife was letting her $500 parrot get some sunshine, the dog knocked the cage over, the bird flys to the nearest tree.... i climbed up to get it, the bird flies back to the cage and i fell out of the tree.... im ok, but i hate that durn snowblower and will never get in out again.....
 
rcookie says():   The Secretary-General of the Union of Arab Banks, that "Iraq needs to develop the banking sector and infrastructure and the system of information and training for capacity building," revealing "an intention to hold an investment conference in Iraq under the title of (Iraq Economic Forum)."
 
And between Fattouh, that "preparations are underway to hold the conference," returned him "a good opportunity to bring Arab and foreign investors to Iraq, opening the door for investment in Iraq's banking sector."
 ~~~
e explained Fattouh, that "these investors will be briefed on the investment laws in Iraq and investment opportunities, and will play an Association of Iraqi banks and the Union of Arab Banks, a major role in this forum," stressing the need to "expand the Association of Iraqi banks to include all Iraqi and foreign banks under the name of Association of Iraqi banks." .
 
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rcookie says():   He Fattouh, the EU was ready "to provide assistance to establish the Association of Iraqi banks and the development of the foundation of his regime," pointing out that "this should be done in Iraq."
 
The experts and officials, bankers and Financial enemy in the (January 2016 9) that the government go to support the private sector and face the repercussions of the financial crisis "will not result in" desired results "unless" provide legislative and legal environment that supports the banking sector,

and accused the government and private banks are currently not contribute the role of a "real" to support the productive sectors, as called for the central bank to limit the granting of new banking licenses, the bloc demanded banks to provide venture capital accumulated position to finance an important strategic projects.
 
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rcookie says():   The head of the Council of Ministers, Haider al-Abadi called in (the 12th of December 2015 the past), the banking sector to make a "leap quantity and quality" in its activities, and stressed the government's determination to activate the role of private banks, while warned of "obstacles" to delay the work of banks put own, he pledged to "hold negligent."
 
The banking system in Iraq is made up of 43 banks, as well as the central bank, and are distributed according to government ownership between seven and 30, including an Islamic civil seven, as well as six foreign banks and is distributed as follows: 600 branches throughout Iraq
 
http://translate.googleusercontent.c...xLZ6xgjaY3SIIg  bad link
 
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jimplants says():EXCELLENT
 
subgirl says(): while warned of "obstacles" to delay the work of banks put own, he pledged to "hold negligent."
subgirl says():Abadi is doing a great job!!
 
rcookie says():SO MUCH IN LAST 2 DAYS!
subgirl says():EXCITING!!! :)
 
rcookie says():INVESTMENT CONFERENCE...DEVELOPMENT OF BANKING SECTOR.....
jimplants says():arab and eu investors we can not be far behind
 
rcookie says():ECONOMIC FORUM TO ATTRACT INVESTORS.....TO ADD TO THE 341 INVESTMENT LICENSES ISSUED SINCE 2013....

AND THE NETOWKING ABADI DID AT DAVOS ECONOMIC CONFERENCE.....
 
rcookie says():ESTABLISHING THE ASSOCIATIO OF IRAQI BANKS.........N
nick says():nothing going on in IRAQ all a bunch of slackers
 
jimplants says():those banks will/should be private
 
rcookie says():JOINT COOPERATION AGREEMENT WITH UNION OF ARAB BANKS....1ST OF ITS KIND SINCE 2003!!!...

WHICH "WILL OPEN THE DOORS OF COOPERATION WITH EUROPEAN AND US TREASURY!!!!!!!.....
 
subgirl says to nick():we already had people say that so please be careful what you say in here about what Iraq is doing... Need to stay positive!!!
 
MadDScout says():What a awesome news day :)
subgirl says to rcookie():WOW!
jimplants says():i missed that ust part most excellent!
 
rcookie says(3:39 PM):HUMAN TRAINING ON & EDUCATION TO HEIGHTEN ABILITIES...THROUGH USE OF MODERN EQUIPMENT & TECHNOLOGY!!!
 
tbob says():if you want a chuckle ..read how your comments get distorted after you log off :)
 
rcookie says():IRAQI AUTHORITIES ARE SERIOUS ABOUT RESTRUCTURING AND DEVELOPING BANKING SECTOR...TO BE ON PAR WITH INTERNATIONAL BANKS....
 
EXACTLY WHAT WE READ AND SAW THE WORLD BANK COMMIT TO ASSISTING THEM WITH... ALONG WITH BREAK UP & PRIVATISATION OF 2 BIG STATE BANKS......
 
subgirl says to tbob():are you reading up on the Great news we have had today?
tbob says():I ALWAYS read up everyday before I even attemp to enter the chat room :)
nick says():it was a joke have u not seen rcookie use the same comment?
tbob says():Otherwise I would just pop in a ask "so anything good happening today"? (lol)
 
sassy says():nick I knew you were kidding
subgirl says to nick():no I did not know you were joking?? Sorry
 
rcookie says():WOW!!! HERE IT IS..IN INK......WILL SET UP IMPORTANT TRAINING PROGRAM AND EXPERTISE FOR BAGHDAD...RELATED TO INTERNATIONAL ACCOUNTING STANDARDS...(IAS)

AND TO COMBAT MONEY & CFT PROGRAM.......READ THAT AGAIN!!!!!
 
 sassy says():Wonder how long the training will take?
 
jimplants says():they have been woking on international accounting since october so again ahead of the curve
nick says():me too !
 
sassy says():jimplants I also thought they were training before
 
rcookie says():THE AGREEMENT WILL INCLUDE PRIVATE & GOVERNMENT BANKS (2 BIG STATE BANKS)..AND ALSO CMMERCIAL BANK OF IRAQ....

AND PROVIDE ASSISTANCE AND COUNSELING TO ALL WITH THE BLESSINGS OF CBI.....
 
larrykn says():rcookie I thougth the banks already had all kinds of training over the past year or two , maybe just not international training ?
 
love it 2 says to sassy():thats a million dinar question :D
sassy says():larrykn there have been so many articles about the training they were doing
 
rcookie says():TE IRAQ ECONOMIC FORUM....WILL BE INVESTOR CONFERENCE...FOR CAPACITY BUILDING....

AND OPPORTUNITY TO BRING ARAB & FOREIGN INVESTORS TO IRAQ!!...

OPENING THE DOOR FOR INVESTMENT IN IRAQS BANKING SECTOR  WOW!!    WOW!!...WOW!!!
 
sassy says():love it 2 yep
jimplants says():is this the march forum?
larrykn says():your right sassy
love it 2 says():" Bank training? ..how much do they need ...they have been training since 2004 (lol)
 
larrykn says():I guess for a country that had no idea how to do internation banking they need all the training they can get
 
Baxter1243 says():Love it 2... thats over here.. (lol)
 
rcookie says():THESE INVESTORS WILL BE BRIEFED ON IRAQS INVESTMENT LAWS....AND INVESTMENT OPPORTUNITIES IN IRAQ.....

YOU MEAN LIKE BOEING..AND GE...!!!WITH THE NEW BANK ASSOCIATION PLAYING A MAJOR ROLE IN THE CONFERENCE!!!!
 
plowboy says(3:52 PM):I'm assuming that Millionday has tenative plans for coming in tonight
love it 2 says():too much "training" ...1+1 = 2.....there ya go ...your trained ...unless your counting "common core" ...(lol)
 
wmawhite says to rcookie():Can I saw that the IMF said so...?...... International Monetary Fund (IMF), on Wednesday, stressed that Iraq will return to economic market during the first half of next year.
 
wmawhite says to rcookie():Can I say.....
love it 2 says to Baxter1243():(lol)
 
wmawhite says to rcookie():And that Wednesday was in November 2015
Baxter1243 says():wma... they better.. Im counting on it... Big Time...
 
chickadee says to plowboy():it was said last night she was
bigrudy says():is the Tariff law in place?
 
rcookie says():THE EUROPEAN UNION WILL BE PROVIDING ASSISTANCE WITH THIS BANKING ENTITY....AND DRIVE THE PRIVATE SECTOR GROWTH....
 
WITH THE LEGISLATIVE AND ENVIRONMENT THAT SUPPORTS THE BANKING SECTOR.....
 
AND THE RELATED PRODUCTIVE SECTORS THAT RELY ON THE BANKS TO LAUNCH STRATEGIC PROJECTS WITH THE NECESSARY VENTURE CAPITAL!!!......WOW!!...WOW!!...
 
jimplants says to rcookie():i missed the date on that
jimplants says to rcookie():venture capital WOW
 
larrykn says():if they aren't getting ready for this to happen I don't know wow :)
jimplants says to rcookie():MONEY REAL MONEY NOT IMPOSED RATE MONEY
 
tbob says():I ready for this -- lets do it team!! GO IRAQ!!! GO RV!!
larrykn says():playtime is over :)
 
wmawhite says to rcookie():Here is the tie-in to the IMF.......: amend the Investment Law, or issue clarifying implementing regulations, to remove the limitation on transfer of investment proceeds that gives rise to an exchange restriction, as recommended by a recent technical assistance mission of the IMF.
 
jimplants says():ONE WOULD THINK THEY WOULD HAVE TO BE ARTICLE 8 COMPLIANT AND ACCEPTED INTERNATIONALLY
 
cjquade54 says():it would sure look good for them if they had an international currency in place before the inverstors conference
 
Baxter1243 says():Yep... thats for sure... Article 8
Baxter1243 says():Must be....
 
wmawhite says():Folks,....you can go back to the IMF MoU and see exactly what is taking place for Iraq to enter the "markets".
 
larrykn says():again what comes first the rate or article 8 ,, I think the rate first
 
rcookie says to wmawhite():GREAT POINTS MR WHITE!!....
tbob says():or simulatious :S
 
rcookie says():BUT ONE OF THE BIGGEST PARTS MENTIONED THAT SOME ARE ASKING ABOUT...THE NECESSARY TRAINING...AND ALL THAT THEY HAVE DONE IN TRAINING AND TECHNOLOGY....BUT......
 
wmawhite says to larrykn():Iraq/CBI can change their rate today and if they do not have Article 8 there isn't two banks anywhere in the solar system that would touch the IQD. 
rcookie says():YOU GUYS MISSED A LITTLE PART.......
larrykn says():wmawhite I feel the rate and article8 will be one after the other was what I was trying to say sorry
 
rcookie says():WHAT WAS THE MAJOR ANNOUNCEMENT RELEASED ON 1/7/16 IN ADDITION TO GOLD COINS PROGRAM........
cjquade54 says():bonds?
 
rcookie says():CBI ANNOUNCEMENT
rcookie says():ONE OF THE MOST IMPORTANT ANNONCEMENTS....EVER...
cjquade54 says():cbi loans to goi?
 
rcookie says():THE ANNOUNCEMENT OF CHANGING FROM UNIFORM ACCOUNTING STANDARDS..TO IAS...INTERNATIONAL ACCOUNTING STANDARDS.......
cjquade54 says():that was my next guess lol
 
rcookie says():WHICH IS COMPLETELY NECESSARY IN DEALING WITH PUBLICLY TRADED COMPANIES......
bigrudy says():does anyone know if the 50k are in circulations?
 
rcookie says():IFRS...INTERNATIONAL FINANCIAL REPORTING STANDARDS....
cjquade54 says):big time moves to international status
 
jimplants says():WHEN IS THE DATE OF THIS FORUM I MISSED THAT
tbob says():MD foretold of this long ago ... what to be on the watch for ... most poo pooed her ... and here it is right in front of us! Whoopow!!!
 
wvchsr says():ge all. is there nt tonight?  (news time)
cjquade54 says to wvchsr():there is nt right now
 
rcookie says():SO READ THIS........
nromeo says():they are far from being in 2% compliance aren't they or are they?
wvchsr says to cjquade54():i'm standing beside myself with all the good info coming out

rcookie says():"the agreement signed today, provides short on the commitment of Arab Banks Union set up a training important program for the sector of the Iraqi banking, bring Arab and foreign expertise to Baghdad and prepare capacity building in subjects related to international accounting standards and to combat money and CFT program."
 
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Comments may be made at the end of Part 2   Thank You


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