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Friday, June 10, 2016

Dinar Updates Friday AM Chat  6-10-16   Part 1 of 2

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Chat Room Excerpts & Highlights

Dinar Updates Friday AM Chat  6-10-16   Part 1 of 2

 
rcookie says():  GM DU.......
 
rcookie says():Member of the parliamentary finance calls for the central bank to more effectively to improve the banking sector's role
 
History Tahrir:: 2016/6/10 9:29 • Member of the parliamentary finance calls for the central bank to more effectively to improve the banking sector's role
 
[Where - special]   called a member of the parliamentary finance committee the central bank to bring out a more active role to revitalize the banking sector.
 
Said Masood Haider told all of Iraq [where] that "improving banking performance need to be more effective than before the CBI 's role, as well as the introduction of the electronic system to the banking sector , " noting " the importance of making the banking sector has been instrumental in business and finance in the private sector . " .
 ~~~
he said Haider " the need for banks tab and categorized over the next few years, as well as highlight the most banks stable in the market and thus make it international."
 
the prime minister was baffled Abadi, was relieved of six directors of banks governmental organizations.
 
a statement by his office that "based on the requirements of national interest and a continuation of the approach of comprehensive reforms , Prime Minister Haider al - Abadi has ordered Dioanaa appointed new managers in each of the commercial Bank and the Rafidain Bank and Rasheed Bank and the bank 's real estate industrial Bank and the agricultural Bank. "
 
the statement attributed the decision to" revitalize the banking sector and Sir national strategy to stimulate the economy and create jobs and implement launch loans for industrial projects, residential and commercial citizens the best formula, according to the government 's plans. "
 
LINK  http://ift.tt/25Q0CfV
 
monique13 says():So was Abadi really baffled?? in that article?
 
rcookie says to clay():SO.....PARL FINACE COMMITTEE MEMBER HAIDER CALLS ON CBI TO IMPROVENTHE BANKING SECTORS ROLE....BECOME MORE ACTIVE AND GET IN REVITALIZING ROLE...
 
AND IN PARTICULAR FULLY ACTIVATE ELECTRONIC SYSTEM TO ENTIRE BANKING SECTOR & IMPORTANCE OF BANKING SECTOR ROLE IN PRIVATE SECTOR BUSINESS & FINANCE...
 
AND OUTLINED THE NEED TO CATEGORIZE & RANK BANK STABILITY...
 
NOTE: ALSO A IMF LOI INITIATIVE...AND FINISHES OUTLINING ABADIS REPLACEMENT OF 6 MAJOR BANK MANAGERS THIS WEEK REPLACING WITH TECHNOCRATS AS MOVE TO REVIATLZE AND LAUNCH REFORM LOANS PROGRAMS....
 
rcookie says():OK HERES A BEAUTY.........
clay says to rcookie():give it to us :)
 
rcookie says():NOW REMEMBER THESE COMMENTS COMING FROM THE FINANCE MINISTER.......
 
rcookie says():Financial document responds to the dismissal of directors of banks and surprised by the failure to extend the central bank
 
History Tahrir:: 2016/6/10 14:55 • 191 times mqrw’h
 
.. Financial document responds to the dismissal of directors of banks and surprised by the failure to extend the central bank
 
{Baghdad: Euphrates News} Re Finance Minister Hoshyar Zebari, the decision of Prime Minister Haider al-Abadi judge to dismiss a number of banks, managers, and expressed surprise at the lack of inclusion of the Central Bank and others.
 
According to the text of the document, which was obtained by {Euphrates News} a copy of it today , " a reference to the customs clearance mentioned above, issued under your book is number {M.r.o / 95/7279 / A on 06/06/2016}."
 
at a time when support this ministry package of administrative reforms and abide by , but it Diwani research topic we are dealing with observations such as the following:
 
First , the administrative and organizational matters regulated by the competent ministry Act under the Ministry of Finance Act No. 90 of 1981 as amended by the Finance Minister is supreme head of the ministry It is in charge of the ministry 's department and the nomination of deemed eligible to occupy one of the top administrative posts in accordance with relevant laws,
 
and it is known that the function {director general} of the functions described in the upper class {b} of the ladder grades and functions attached to salaries of state employees law No. 22 of 2008, and that it is operated is subject to the relevant public office and these laws are the laws did not include any mention of the term {exempt}.
 
Second , and received general managers names {Hamdiya Mahmoud Faraj dry, Kazim Mohammed fistula, Mohamed Abdel Wahab Abdul Qadir} in Diwani is the research topic they are interested in the permanent staffing function in {authenticity} manager.
 
Third , it said did not include the rationale to exempt the general managers mentioned reasons were not at the request of the Minister or nominate replacements people by this ministry
 
IV received among the names involved in the management of some of them banks:
 
(a) { Faisal Sam Mohi Alhmas}, where he has not held a government job and is not certain in accordance with the civil Service Law.
2- {Bilal Sabah Hussein Hamdani}, and {good Hazem Mohammed Ali}, and {shelving supporter of Bashir iron} are working formula held in Iraqi bank trade, not staff on the permanent staffing so it can not legally accept assuming in this ministry.
 
V. surprised by this ministry, that affects implementation of several two directors without other other state institutions, for example, {Central Bank of Iraq, the Ministry of oil, .. etc.}. "
 
Against this mentioned observations and based on legal grounds, the customs clearance mentioned tainted defects formal and substantive legal and administrative.
 
The Prime Minister Haider al - Abadi issued last Tuesday, is appointed new managers for six banks with relieved head of the National intelligence Service and the Iraqi referred the head of the Iraqi media network Abdul - Jabbar carp for retirement.
 
According to the media office of Ebadi said in a statement that "based on the requirements of the national interest and
 
rcookie says():the continuation of the approach of comprehensive reforms announced by Prime Minister Haider al - Abadi, has issued an order Dioanaa appointed new managers in each of the commercial Bank and the Rafidain Bank and Rasheed Bank and the bank 's real estate and industrial bank agricultural Bank
 
Read More   http://ift.tt/25T3DZt
 
rcookie says():ZEBARI COMMENTS ON SURPRISE OF CBI NOT INCLUDED IN ABADI BANK HOUSE CLEANING THIS WEEK AS THE TIMING& SUPPORT OF REFORMS AND REFERENCES THE “COMPETENT MINISTRY ACT NO 90 (1981) AS AMENDED BY FINANCE MINISTER AND QUESTIONS WHY THOSE BANKS IN PARTICULAR HAD THESE ACTIONS APPLIED AND ABADIS MOTIVE OD “REQUIREMENTS OF NATIONAL INTEREST”...
 
clay says to rcookie():cleaning house like it
 
rcookie says():ZEBARI ASKING "WHY WASNT THE CBI INCLUDED IN THE HOUSE CLEANING".......WOW!!!

clay says to rcookie():seems they are ready
clay says to rcookie():good question
 
theights says():hey, my first time here,been fllllowingeing for a long time. Abadi is trying to seveer the head of the snake, a really big one at that.
 
subgirl says to rcookie():I like that Zebari is asking extreme important questions and getting to the bottom of corruption...
subgirl says to rcookie():esp the CBI! WOW!
 
loop says():Financial document responds to the dismissal of directors of banks and surprised by the failure to extend the central bank
 
History of edits:: 6/10/2016 14:55 {Baghdad: Euphrates News} Re Finance Minister Hoshyar Zebari, the decision of Prime Minister Haider al-Abadi judge to dismiss a number of banks, managers, and expressed surprise at the lack of inclusion of the Central Bank and others.
 
According to the text of the document, which was obtained by {Euphrates News} a copy of it today , " a reference to the customs clearance mentioned above, issued under your book is number {M.r.o / 95/7279 / A on 06/06/2016}."
 
at a time when support this ministry package of administrative reforms and abide by , but it Diwani research topic we are dealing with observations such as the following:
 
First , the administrative and organizational matters regulated by the competent ministry Act under the Ministry of Finance Act No. 90 of 1981 as amended by the Finance Minister is supreme head of the ministry It is in charge of the ministry 's department and the nomination of deemed eligible to occupy one of the top administrative posts in accordance with relevant laws,
 
and it is known that the function {director general} of the functions described in the upper class {b} of the ladder grades and functions attached to salaries of state employees law No. 22 of 2008, and that it is operated is subject to the relevant public office and these laws are the laws did not include any mention of the term {exempt}.
 
Second , and received general managers names {Hamdiya Mahmoud Faraj dry, Kazim Mohammed fistula, Mohamed Abdel Wahab Abdul Qadir} in Diwani is the research topic they are interested in the permanent staffing function in {authenticity} manager.
 
Third , it said did not include the rationale to exempt the general managers mentioned reasons were not at the request of the Minister or nominate replacements people by this ministry
 
Fourth , received among the names involved in the management of some of them banks:
 
( a) { Faisal Sam Mohi Alhmas}, where he has not held a government job and is not certain in accordance with the civil Service Law.
 
2- {Bilal Sabah Hussein Hamdani}, and {good Hazem Mohammed Ali}, and {shelving supporter of Bashir iron} are working formula held in Iraqi bank trade, not staff on the permanent staffing so it can not legally accept assuming in this ministry.
 
Fifth , surprised by this ministry, that affects implementation of several two directors without other other state institutions, for example, {Central Bank of Iraq, the Ministry of oil, .. etc.}. "
 
Against this mentioned observations and based on legal grounds, the customs clearance mentioned tainted defects formal and substantive legal and administrative.
 
The Prime Minister Haider al - Abadi issued last Tuesday, is appointed new managers for six banks with relieved head of the National intelligence Service and the Iraqi referred the head of the Iraqi media network Abdul - Jabbar carp for retirement.
 
According to the media office of Ebadi said in a statement that "based on the requirements of the national interest and the continuation of the approach of comprehensive reforms announced by Prime Minister Haider al - Abadi, has issued an order Dioanaa appointed new managers in each of the commercial Bank and the Rafidain Bank and Rasheed Bank and the bank 's real estate and industrial bank agricultural Bank ".
 
 
Source   http://ift.tt/25Q17ql
 
loop says():Economic Advisor to the servants, the loans will contribute to the stability of the economy and the instructions given to eligible strict
 
History of edits:: 6/10/2016 10:43 {Baghdad} Euphrates News confirmed the appearance of Mohammed Saleh economic advisor to Prime Minister Haider al-Abadi, said the soft loans will contribute to the stability of the country's economy, pointing out that the mechanics and instructions given to the beneficiaries will be strict.
 
He said Saleh told {Euphrates News} " The soft loans in the central bank 's program , which distributes industrial, agricultural and housing fund the bank, is a package to stimulate the national economy, as a decline in oil revenues , the impact on market activity."
 
He explained that " the central bank introduced this policy part to stabilize the Iraqi economy, and try to move the market activity through productive activities. "
 
He added that" there are instructions strict mechanisms so that these loans are granted to those who deserve it as much as possible, because we must protect the public money and the achievement of its objectives. "
 
The central bank announced the third of June , and , receiving requests from wanting Atniv agricultural and industrial projects and housing, adding that the bank will distribute the $ five trillion dinars on the agricultural, industrial and housing banks are granting loans after the feasibility study projects that seek port for its establishment.
 
He said assistant general manager of statistics and research at the Bank of Alaa Abdel - Ghani, for {Euphrates News} " the lending initiative very excellent in a matter of economic downturn and blessed the move and supported the central bank governor on the Keywords idea, and stressed that the central banks '
 
implementation of this order to pump money agro - industrial and residential banks, and this initiative will be launched in the coming days has been receiving applications grant loans for the implementation of industrial projects, agricultural and residential. "
 
It is noteworthy that, the cabinet approved during its meeting on the 31 of last May, to launch a government loan to the sectors of housing, industry and agriculture form the amount of $ {6.5 trillion dinars} in the framework of the axis of economic reform, diversifying its sources and transportation of rentier economy to a productive economy and the transformation of the economic system of the State of the consumer system to multi - resource production system, according to what has been announced by the media spokesman of the Office of the Prime Minister Saad Alhdithi.anthy 1
 
Source  http://ift.tt/25T2rFx
 
puffdragon says to _firefly_():Wasnt the IMF deadline for the loan agreements for Iraq to agree to, on the 15th of june also ?
 
dale says():Firefly : Sure looks that way ......
 
loop says():" there are instructions strict mechanisms so that these loans are granted to those who deserve it as much as possible, because we must protect the public money and the achievement of its objectives. " 
loop says():" there are instructions strict mechanisms so that these loans are granted to those who deserve it as much as possible, because we must protect the public money and the achievement of its objectives. "
 
loop says():Love it. Monitoring and accountability for the soft loan program. In line with what the IMF wants to see them doing.
 
BGG says():In honor of the "holy month of Ramadan"... :D
 
loop says():High Nassif demanding to follow the legal and constitutional contexts in the nomination of directors of banks
 
06/10/2016  (Independent) .. demanded MP Alia Nassif Reform Front, Prime Minister Haider al-Abadi to follow the legal and constitutional contexts in general managers bench nomination of Iraqi banks.
 
Nassif said: "Given the challenges faced by the country, especially in light of the allocation of five trillion to the banks in order to promote economic reality, we must take into account the legal and constitutional contexts in general managers bench nomination of Iraqi banks after they were former managers exemption, so that is offered three candidates each bank by the Council of Ministers and will be voted on one of them in the House of Representatives. "
 
She added: "As for what he is doing Abadi from coming directors of two small age and working form contract or from those who have suspicions of corruption, this procedure as the saying goes wanted to Aekhalha Voamaha,
 
and to inform the Iraqi people on ways to waste money by committing administrative mistakes in the general managers appointed, does someone may come formula works contract to manage important banks? Or assigned to persons who are not of age, which qualifies them for the management of these institutions? Or persons come suspicions of corruption? ".
 
He continued: "The issue is not that easy and can not be passed in this form, since they must vote in the House of Representatives on the two directors known for their expertise and integrity and reputations of good to be able to hold them accountable in the future." (End)
 
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