Post From Dinar Updates
Chat Room Excerpts & Highlights
Dinar Updates Sunday PM Chat 6-19-16 Part 1 of 2
oldmechanic says():wow..... I just saw on rudaw news that japan sweet corn is becoming a very big product in iraq. grows great over there. japan is sending a lot of seads to iraq, but just not corn either. but corn in the biggest.
oldmechanic says():yep that is one of the requirments from imf to produce and sell things.
oldmechanic says():there was a hand full of requirments but I cant remember them all.
subgirl says to oldmechanic():if you go back to the newstime with rcookie and mr white, they go thru some of the imf requirements... http://ift.tt/28KcXcs
subgirl says to oldmechanic():Also here is the imf link to the LOI Mem. MOU...
http://ift.tt/1UtpMr6
oldmechanic says():thank you
rcookie says():MORE EVIDENCE OF THE UNDERPINNING TO THE REAL ESTATE LASN & HOME LOAN OPPORTUNITIES BEING LAUNCHED THAT WE HAVE BEEN POSTING ABOUT....
~~~
Chat Room Excerpts & Highlights
Dinar Updates Sunday PM Chat 6-19-16 Part 1 of 2
oldmechanic says():wow..... I just saw on rudaw news that japan sweet corn is becoming a very big product in iraq. grows great over there. japan is sending a lot of seads to iraq, but just not corn either. but corn in the biggest.
oldmechanic says():yep that is one of the requirments from imf to produce and sell things.
oldmechanic says():there was a hand full of requirments but I cant remember them all.
subgirl says to oldmechanic():if you go back to the newstime with rcookie and mr white, they go thru some of the imf requirements... http://ift.tt/28KcXcs
subgirl says to oldmechanic():Also here is the imf link to the LOI Mem. MOU...
http://ift.tt/1UtpMr6
oldmechanic says():thank you
rcookie says():MORE EVIDENCE OF THE UNDERPINNING TO THE REAL ESTATE LASN & HOME LOAN OPPORTUNITIES BEING LAUNCHED THAT WE HAVE BEEN POSTING ABOUT....
~~~
(MORE THAN 5000 PARCELS OF LAND IN KARBALA..BASRA AND SOUTHERN BAGHDAD) AND PREVIOUS ANNOUNCEMENTS OF SEVERELY REDUCED PRICES FOR CONSTRUCTION MATERIALS......WELL HERES SOME MORE...
rcookie says():Commerce decided to reduce the prices of construction materials by 40%
Hits: 4163 19-06-2016 02:15 PM
General Company for the trade of construction materials decided one of the formations and the Ministry of Commerce to reduce prices of construction materials in its stores by 40% in support of the process of construction and reconstruction in the country.
Adnan al-Sharif, Director General of the company in a statement, that 'the Board of Directors decided to reduce the prices of construction materials in all provinces and the materials are in stock as well as the cancellation of sales on credit.'
He added that the 'company operates multiple directions for the purpose of contracting with a reputable companies for the supply of important construction materials such as iron and wood in order to compete with the commercial market and active participation in the reconstruction of the country through a campaign of support for the construction of housing projects'.
He pointed out that the 'next phase will witness more of the administrative procedures for the development of the company's business and the signing of commercial contracts with international companies sober and other neighboring countries to secure all construction materials used in the construction and reconstruction process',
adding that' material supplied by the company are subject to the balance of laboratory testing in the Ministry of planning and suitability for the conditions and airspace of Iraq which has the largest guarantee and protect the consumer. '
- See more at: http://ift.tt/28KcUNW
rcookie says):OK DU....EVERYONE AWAKE...
mrjazzman66 says():yippers
Hutch says to rcookie():ready
DIGIman1 says to rcookie):pumped and ready...
snowflake59 says):yes
larrykn says to rcookie():I am ready too :)
rcookie says():YOU SAW IT HERE 1ST......
rcookie says():Jubouri calling for the amendment of the Banking Act and the formation of a financial court
Author: MJM Editor: AZ, BS 19/06/2016 21:56 Number of Views: 98Long-Presse / Baghdad
Called on Parliament Speaker Salim al-Jubouri, Sunday, to amend the Banking Act in line with the developments of the stage, with the formation of a student is capable of resolving the private banks and relevant financial problems tribunal.
Jubouri said during his Iraqi banks Association Conference, on Sunday evening, on the work of Iraqi banks in the Babylon Hotel in central Baghdad and attended (range Press), "The economic elite are the decision makers and be in conditions that most crises effectiveness and feasibility of,
and I hope that this meeting produce a vision clear and new about our crisis we are going through solutions, "adding that" it is important to be convinced that the private banks sector is very important and we must realize its importance and necessity. "
He Jubouri that "the complexities that have passed us did not give us the opportunity to work together to develop a road map that is pushing for activating the role of private banks to support the national economy and the strengthening of Iraq's ability to adjust the economic rhythm," stressing that "watching with interest the many problems between private and government banks on the one hand and between them and between the Ministry of Finance on the other hand. "
And the Speaker of the Parliament, said that "these problems have led to the banking market segmentation, weaken and make them work incorrectly, which underlines the need to modernize the economic vision of the banking business and make it more flexible and realistic",
adding "state support for private banks comes from increasing the volume of deposits and open accounts and encourage the banks that offer outstanding performance and contribute to supporting humanitarian work and social projects. "
Read More : http://ift.tt/28J75nc
rcookie says():He said al-Jubouri, "well aware that the Banking Act No. 94 of 2004, the category of private banks as commercial rather than development, while the State-owned banks is a comprehensive banks exercising banking development and to engage in industrial investment, agricultural and others,
also realize that this law has been issued in the circumstances in which we live today it is necessary to modify it in line with the developments of the stage and it specifically Article 28 to allow for private banks to exercise commercial matters, provided that they maintain the high liquidity of material. "
He called on the President of the House of Representatives to "form capable of resolving the private banks and stakeholders problems Financial Court, to be a specialist and better able to understand the complexities of the problems of institutions and individuals and financial disputes," pointing out that "the financial, industrial and commercial enterprises are able to determine the fate of the stability of the economy of any country in the world ".
LINK http://ift.tt/28J75nc
jarhead says():RC u need to be in iraqi journalism lol
Hutch says():it'll start moving now
mainegirl says):i think so too!
Hutch says():quite frankly, it has been moving, the news is just crazy
larrykn says to rcookie():it hard to believe how fast they are moving now WOW
DIGIman1 says to larrykn():its hard to believe....you can say that for sure :D but they finally ARE moving...pinch me please...:D
rcookie says():THIS WAS A BANKING ASSOCIATION CONFERENCE TODAY WITH JABOURI ATTENDING AD ASSERTING NEED TO AMEND THE BANKING ACT IN PRIVATE BANKING SECTOR...
AND CREATION OF FINANCIAL TRIBUNAL (COURT)....TO FACILITATE WAYS TO PROMOTE PRIVATE BANKING SECTOR AND ACTIVATING ROLE IN SUPPORTING IRAQS NATIONAL ECONOMY AND ECONOMIC RHYTHM...
AND IRONONG OUT CHALLENGES FACING PRIVATE AND PUBLIC BANK SECTORS AONG WITH MOF....WHICH HAVE LED TO MAQRKET SEGMENTATION AND WEAKENING OF OVERALL GROWTH...
larrykn says to DIGIman1():wait a minute I'm still getting off the floor lol
DIGIman1 says to larrykn():trust me....i have my industrial squeegee ready and waiting very close by....to get me off the ceiling when the time comes....:D
rcookie says():JABOURI OUTLINING THE BANKING ACT NO. 94 OF 2004 RELEGATED TO COMMERCIAL RATHER THAN LARGE SCALE DEVELOPMENTAL SIZE PROJECTS...
(WHICH ALSO LENDS INSIGHT TO THE RECENT ADDRESSING AND MOVE TO RAISING CAPIALIZATION REQUIREMENTS)....
AND OUTLINESTH ENEED TO MAKE LAW MORE IN ALIGNMENT TO TODAYS MARKET NEEDS AND GLOBAL SCOPE...SPECIFICALLY ARTICLE 28 TO ALLOW FOR PRIVATE BANKS TO ENGAGE IN LARGE SCALE ISSUES PROVIDED THEY ARE CAPITALIZED AS SUCH......
AND CALLED ON THE FINANCIAL SPECIALTY COURT TO SPECIFICALLY ADDRESS THE ISSUE COMPLEXITIES OF THESE INDIVIDUALS AND INSTITUTIONS AND DISPUTES THAT ARISE WHICH STEER THE COURSE OF FINANCIAL, COMMERCIAL AND INDUSTRIAL STABILITY OF THE ECONOMIES THROUGHOUT THE WORLD.....
rcookie says():SO WE KNOW WE NEED PUBLIC FINANCIAL MANAGEMENT LAW.....2016 BUDGET LAW...CBI LAW....BANKING LAW...AND TWEAKING TO INVESTMENT LAW UPON PARLIAMENTS RETURN.....
DIGIman1 says to rcookie():one days work for them :D
mimi3 says():Aaaaaannnnd when do they return?:)
rcookie says():AND 1 LAST TIME.....THERE IS NOTHING TO DISCUSS ABOUT APPROVING FROM ANYONE ABOUT ADDRESSSING ARREARS FROM ANYONE....
IT WAS AGREED UPON AND SIGNED OFF ON IN 2016 IMF LOI/MEFP/TECH MOU BU ZEBARI AND ALAK AND HAS BEEN AND IS EXECUTING IN 2016 BUDGET......
larrykn says to rcookie():bring on parliment :)
rcookie says):AND THE EVIDENCE IS AS RECENT AS THIS WEEK.....
THEY PAID BACK SOME OF THE OIL COMAPANIES FOR LICENSE AND CONTRACT DUES (LUKOL THIS WEEK) AND IMMEDIATELY THESE COMPANIES ANNOUNCED WILLINGNESS TO DOUBLE PRODUCTION AND INVESTMENT IN IRAQ...NOW THAT THEY HAVE BEEN PAID...
rcookie says):ALL OF THE OIL COMPANIES WILL BE REPAID BY END OF 2016...AND KUWAITS $9 BILLION..PAID BACK IN NEXT 3 YEARS...
rcookie says():100% EXECUTION..
rcookie says():Commerce decided to reduce the prices of construction materials by 40%
Hits: 4163 19-06-2016 02:15 PM
General Company for the trade of construction materials decided one of the formations and the Ministry of Commerce to reduce prices of construction materials in its stores by 40% in support of the process of construction and reconstruction in the country.
Adnan al-Sharif, Director General of the company in a statement, that 'the Board of Directors decided to reduce the prices of construction materials in all provinces and the materials are in stock as well as the cancellation of sales on credit.'
He added that the 'company operates multiple directions for the purpose of contracting with a reputable companies for the supply of important construction materials such as iron and wood in order to compete with the commercial market and active participation in the reconstruction of the country through a campaign of support for the construction of housing projects'.
He pointed out that the 'next phase will witness more of the administrative procedures for the development of the company's business and the signing of commercial contracts with international companies sober and other neighboring countries to secure all construction materials used in the construction and reconstruction process',
adding that' material supplied by the company are subject to the balance of laboratory testing in the Ministry of planning and suitability for the conditions and airspace of Iraq which has the largest guarantee and protect the consumer. '
- See more at: http://ift.tt/28KcUNW
rcookie says):OK DU....EVERYONE AWAKE...
mrjazzman66 says():yippers
Hutch says to rcookie():ready
DIGIman1 says to rcookie):pumped and ready...
snowflake59 says):yes
larrykn says to rcookie():I am ready too :)
rcookie says():YOU SAW IT HERE 1ST......
rcookie says():Jubouri calling for the amendment of the Banking Act and the formation of a financial court
Author: MJM Editor: AZ, BS 19/06/2016 21:56 Number of Views: 98Long-Presse / Baghdad
Called on Parliament Speaker Salim al-Jubouri, Sunday, to amend the Banking Act in line with the developments of the stage, with the formation of a student is capable of resolving the private banks and relevant financial problems tribunal.
Jubouri said during his Iraqi banks Association Conference, on Sunday evening, on the work of Iraqi banks in the Babylon Hotel in central Baghdad and attended (range Press), "The economic elite are the decision makers and be in conditions that most crises effectiveness and feasibility of,
and I hope that this meeting produce a vision clear and new about our crisis we are going through solutions, "adding that" it is important to be convinced that the private banks sector is very important and we must realize its importance and necessity. "
He Jubouri that "the complexities that have passed us did not give us the opportunity to work together to develop a road map that is pushing for activating the role of private banks to support the national economy and the strengthening of Iraq's ability to adjust the economic rhythm," stressing that "watching with interest the many problems between private and government banks on the one hand and between them and between the Ministry of Finance on the other hand. "
And the Speaker of the Parliament, said that "these problems have led to the banking market segmentation, weaken and make them work incorrectly, which underlines the need to modernize the economic vision of the banking business and make it more flexible and realistic",
adding "state support for private banks comes from increasing the volume of deposits and open accounts and encourage the banks that offer outstanding performance and contribute to supporting humanitarian work and social projects. "
Read More : http://ift.tt/28J75nc
rcookie says():He said al-Jubouri, "well aware that the Banking Act No. 94 of 2004, the category of private banks as commercial rather than development, while the State-owned banks is a comprehensive banks exercising banking development and to engage in industrial investment, agricultural and others,
also realize that this law has been issued in the circumstances in which we live today it is necessary to modify it in line with the developments of the stage and it specifically Article 28 to allow for private banks to exercise commercial matters, provided that they maintain the high liquidity of material. "
He called on the President of the House of Representatives to "form capable of resolving the private banks and stakeholders problems Financial Court, to be a specialist and better able to understand the complexities of the problems of institutions and individuals and financial disputes," pointing out that "the financial, industrial and commercial enterprises are able to determine the fate of the stability of the economy of any country in the world ".
LINK http://ift.tt/28J75nc
jarhead says():RC u need to be in iraqi journalism lol
Hutch says():it'll start moving now
mainegirl says):i think so too!
Hutch says():quite frankly, it has been moving, the news is just crazy
larrykn says to rcookie():it hard to believe how fast they are moving now WOW
DIGIman1 says to larrykn():its hard to believe....you can say that for sure :D but they finally ARE moving...pinch me please...:D
rcookie says():THIS WAS A BANKING ASSOCIATION CONFERENCE TODAY WITH JABOURI ATTENDING AD ASSERTING NEED TO AMEND THE BANKING ACT IN PRIVATE BANKING SECTOR...
AND CREATION OF FINANCIAL TRIBUNAL (COURT)....TO FACILITATE WAYS TO PROMOTE PRIVATE BANKING SECTOR AND ACTIVATING ROLE IN SUPPORTING IRAQS NATIONAL ECONOMY AND ECONOMIC RHYTHM...
AND IRONONG OUT CHALLENGES FACING PRIVATE AND PUBLIC BANK SECTORS AONG WITH MOF....WHICH HAVE LED TO MAQRKET SEGMENTATION AND WEAKENING OF OVERALL GROWTH...
larrykn says to DIGIman1():wait a minute I'm still getting off the floor lol
DIGIman1 says to larrykn():trust me....i have my industrial squeegee ready and waiting very close by....to get me off the ceiling when the time comes....:D
rcookie says():JABOURI OUTLINING THE BANKING ACT NO. 94 OF 2004 RELEGATED TO COMMERCIAL RATHER THAN LARGE SCALE DEVELOPMENTAL SIZE PROJECTS...
(WHICH ALSO LENDS INSIGHT TO THE RECENT ADDRESSING AND MOVE TO RAISING CAPIALIZATION REQUIREMENTS)....
AND OUTLINESTH ENEED TO MAKE LAW MORE IN ALIGNMENT TO TODAYS MARKET NEEDS AND GLOBAL SCOPE...SPECIFICALLY ARTICLE 28 TO ALLOW FOR PRIVATE BANKS TO ENGAGE IN LARGE SCALE ISSUES PROVIDED THEY ARE CAPITALIZED AS SUCH......
AND CALLED ON THE FINANCIAL SPECIALTY COURT TO SPECIFICALLY ADDRESS THE ISSUE COMPLEXITIES OF THESE INDIVIDUALS AND INSTITUTIONS AND DISPUTES THAT ARISE WHICH STEER THE COURSE OF FINANCIAL, COMMERCIAL AND INDUSTRIAL STABILITY OF THE ECONOMIES THROUGHOUT THE WORLD.....
rcookie says():SO WE KNOW WE NEED PUBLIC FINANCIAL MANAGEMENT LAW.....2016 BUDGET LAW...CBI LAW....BANKING LAW...AND TWEAKING TO INVESTMENT LAW UPON PARLIAMENTS RETURN.....
DIGIman1 says to rcookie():one days work for them :D
mimi3 says():Aaaaaannnnd when do they return?:)
rcookie says():AND 1 LAST TIME.....THERE IS NOTHING TO DISCUSS ABOUT APPROVING FROM ANYONE ABOUT ADDRESSSING ARREARS FROM ANYONE....
IT WAS AGREED UPON AND SIGNED OFF ON IN 2016 IMF LOI/MEFP/TECH MOU BU ZEBARI AND ALAK AND HAS BEEN AND IS EXECUTING IN 2016 BUDGET......
larrykn says to rcookie():bring on parliment :)
rcookie says):AND THE EVIDENCE IS AS RECENT AS THIS WEEK.....
THEY PAID BACK SOME OF THE OIL COMAPANIES FOR LICENSE AND CONTRACT DUES (LUKOL THIS WEEK) AND IMMEDIATELY THESE COMPANIES ANNOUNCED WILLINGNESS TO DOUBLE PRODUCTION AND INVESTMENT IN IRAQ...NOW THAT THEY HAVE BEEN PAID...
rcookie says):ALL OF THE OIL COMPANIES WILL BE REPAID BY END OF 2016...AND KUWAITS $9 BILLION..PAID BACK IN NEXT 3 YEARS...
rcookie says():100% EXECUTION..
DIGIman1 says():wow....and they pump 4.5 mbpd now.....
rcookie says to DIGIman1():YES THEY DID IN MAY!!...
rcookie says to DIGIman1():AND ARE ONLY BUDGETED FOR 3.6
magnetlady says():rcookie this is sounding awesome.
mimi3 says to magnetlady():I agree!
rcookie says to magnetlady():AGREED!!!.........WOW!!!!!!...
josh says():it sounds really awesome, but we still need parliament back do we not??????
rcookie says():WE HAVE IN INK THE CAPITALIZATION REQUIREMENTS FOR BANKS TO $25 MILLION BY END OF JUNE.....AND THAT ARTICLE TELLS YOU EXACTLY WHY....
DIGIman1 says():Chat Copied ~~~~~~~~~~ I never make the same mistake twice. I make it five or six times, just to be sure.
rcookie says to josh():YES THOSE ISSUES REQUIRE AMENDING AND VOTE SO.......CHOP CHOP....BUT COMPLETELY TRANSPARENT TO WHAT WE ARE LOOKING FOR......
josh says to rcookie():very much so, thank you.. when we see them coming yahoo.....thanks again
rcookie says to josh():YVW!!.....BEYOND EXCITING....
willie60 says to rcookie():When would the next scheduled session for parliment be?
rcookie says to DIGIman1():YES THEY DID IN MAY!!...
rcookie says to DIGIman1():AND ARE ONLY BUDGETED FOR 3.6
magnetlady says():rcookie this is sounding awesome.
mimi3 says to magnetlady():I agree!
rcookie says to magnetlady():AGREED!!!.........WOW!!!!!!...
josh says():it sounds really awesome, but we still need parliament back do we not??????
rcookie says():WE HAVE IN INK THE CAPITALIZATION REQUIREMENTS FOR BANKS TO $25 MILLION BY END OF JUNE.....AND THAT ARTICLE TELLS YOU EXACTLY WHY....
DIGIman1 says():Chat Copied ~~~~~~~~~~ I never make the same mistake twice. I make it five or six times, just to be sure.
rcookie says to josh():YES THOSE ISSUES REQUIRE AMENDING AND VOTE SO.......CHOP CHOP....BUT COMPLETELY TRANSPARENT TO WHAT WE ARE LOOKING FOR......
josh says to rcookie():very much so, thank you.. when we see them coming yahoo.....thanks again
rcookie says to josh():YVW!!.....BEYOND EXCITING....
willie60 says to rcookie():When would the next scheduled session for parliment be?
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