Millionday Chat 8-25-13

[Tankwalker]

I know, I know....very long read as usual with Millionday.  But I want to point out again how much great info from articles there are in her chats.  She does a pretty good job of interpreting too.  I don't always agree with her interpretations but with these crazy translations who knows anyway.

 

 

 

Millionday News 8/25/13  Sunday Night

    [millionday] we have to read this carefully -- it has our answer on the reform - great -- here we go

    [millionday] Receive involved in economic affairs with great satisfaction that the Council of Ministers to ratify the Law of the economic reform and send it to the House of Representatives and with this success, which took a long time to passing this stage, 

but the deterioration facing the country's economy and its environment investment and domestic production on the disagreement and productivity of individual, institutional, and methodology for government work and work ethic prevailing all of which are significant challenges facing the executive branch of the government 

directly scientific and practical constructive and sober effectively targeted must be fruitful and according to the priorities for the reform and development of Iraq's economy.

    [millionday] sheeew there is more   more like a test lol break it down a little smaller  smile
 

 

     [millionday] Consultant in industrial development and investment Amer Issa jeweler said: responsibility seriously and challenges are great, so it is necessary to maintain the momentum of the success of the first step where it will be passed by the legislature achievement score for the current session of the House of Representatives, 

which call for the Council to adopt strong, so put blocks incorporation of the implementation process as soon as the economy is collapsing constantly can not stand waiting for the continuing decline increases Ahadath and being time-consuming and non-productive.

    millionday] note -- so they are calling for this to go through and as soon as that is done activating immediately

    [ROBINREDHED] very nice

    [millionday] He said the jeweler that the biggest challenge is in short time and resort to follow the new style active and constructive in establishing the bodies and councils that undertake the implementation of the economic reform process a manner completely different from government measures prevailing 

which has become an obstacle to the reform and development by following the methodology of work and style and a new way and completely flexible and choose specialists according to the standards tight relies actual experience and similar activities and belonging and loyalty to the goal sought with follow-up checks and patience and flexibility procedures and

    cookie2] I like current session

    [millionday] note -- meaning they need to have experts in place because it will be activated right away and be in such a rush 

    [millionday] enjoy the powers of implementation and change and that there is a commitment from the new institution and its staff to achieve the Millennium installed and move on to the actual implementation on the ground and that the private sector an active role in this process and observers have otherwise been accounting, auditing and change. 

The Council of Ministers approved during its regular 13.8.2013 on Economic Reform Act, which guarantees the settlement of intersections occurring in the Iraqi economic policies and the organization of economic reality, as it believes increase financial revenues on the one hand, and raising the rates of sustainable growth rates.

    [wmawhite] Experts in what?

    [millionday] note -- the approval from the ministers guarantees the activation of the economic reform

    [jimplants] Current session as in tomorrow?

    [The s family] What will be activated and in a rush? I'm lost

    [ROBINREDHED] millionday i like that

    [faith1] as soon as what is done activating,,,

    [millionday] experts in accounting and calculating and economic knowledge within global boundaries

    [ROBINREDHED] The s family economic reform?

    [millionday] as soon as the economic reform is activated - robinredhed i love it

    [Godsalli/Jim] Did she say soon? Lol

    [dlherm] whoooop whoooop!

    [blackandblueberry] Holy Moly

    [Dianne777] Godsalli/Jim lol

    [ROBINREDHED] dlherm moly

    [millionday] this is very good with what we had last night with the threats of getting cbi moving as well

    [tbob] millionday are we in the current session or what do they mean?

    [millionday] this is about the timeframe - yes we are in the current session

    [millionday] Jeweler wondered who would take the process of reform and development of the real economy? And what are the plans and procedures and mechanisms of implementation and how it will be possible to put rail on the path of economic diversification, the adoption of standard time binding?, 

Indicating that the reality of the country's economy and its institutions do not bear the style of experimentation, but the development strategy with the policies and plans for the implementation schedule and objectives must be met, 

where they can resort to local expertise and international at all stages of implementation. has recommended to increase the momentum of the media and the large and influential role as a participant in the event and in promoting and supporting the new organization and follow-up activities and monitor successes or not.

    [tbob] whooop whoop!!!!

    [Godsalli/Jim] Millionday it sounds great!

    [millionday] there is more

    [ROBINREDHED] ok  lets see it

    [cookie2] Now

    [millionday] note -- this is being referred to as an event  lets look at all of this  one sec - international expertise at all stages of the activation of the countries economic reality and use of the media for this event -- we like those words a lot - there is more - this is great dont scan it make sure to read it

    [tbob] more more we want more! -- smile

    [millionday] brb with more of it

    [millionday] Media adviser to the Business Council, the Iraqi National Daoud Abdel Zair praised in an interview (morning) to approve the law of economic reform, he said: There is an urgent need to adopt the processes of economic reform through the adoption of a law regulating the economic process and contributes to the development of all economic sectors, 

pointing out that the law We must work to avoid big losses incurred by the domestic economy in the private and public sector., because the old laws that were governing the era of totalitarian economy.

    [Melba] is the rv and activation the same time

    [millionday] Zair Usher need need a new law works to support the Iraqi economy and in harmony with the economic transition towards a market economy, indicating the importance that the work of law on the protection of the private sector and investments free, 

as well as the trend towards the elimination of red tape that accompanies working in all sectors of production and service, it which requires a serious stand to shorten the excess and episodes that confuse the reality of work.

    [millionday] Melba they will have to set the rate to activate the economic reform and enter the globe

    [millionday] there is more

    [wmawhite] Melba ........the change in the value of the IQD is one part of the economic reform.

    [millionday] brb with the rest of the report

    [millionday] And select members of the higher council for economic reform, passed the law said: that the selection process must be a high degree of accuracy, and are selected economic figures in real terms requires it scans for the best specialists in economic affairs because many of them stayed away from the presence in international organizations and economic unions the list

    [millionday] Because they were waiting for issuing laws contribute to the real development and regulate economic action both its production and service, 

indicating that the business expertise and executive in the areas of reconstruction and construction could work to manage Thus the Council, but it must be a choice right away from the side effects.

    [millionday] note -- they are saying that they need complete auditing and a huge eye from experts as they activate to make sure there are no flaws   supporting laws

    [millionday] As a member of the Economic Committee Rep. Nora Salem Bijari expressed (morning) expressed optimism in support of its for this law, which lead to a comprehensive economic reform, 

indicating that Iraq needs to legislation such laws, asserting that law achieves »Renaissance» in the history of the Iraqi economy without considering to mass and partisan aspects and contribute to the advancement rate of the local economy.

    [millionday] It said a member of the committee that the country needs to enact this law, what attributes of the wealth and resources of many natural to reform its economy to move up the level of the attributes of the features, announcing the determination of its Committee on a quest to pass this law during the current legislative session to be a level befitting the Commission and the government and the coming step is good and bold direction to pass this Law to appear on the ground.

    [millionday] note -- meaning they are pushing to put it through right away and change the economy of iraq

    [millionday] And called Bijari to take more bold steps to attract expertise and economic efficiencies Iraqi invested by other countries, in addition to economic figures in the country and participate in moving the national economy, so when the formation of the Supreme Council for economic reform, pointing out that in the case proceeded to the law during the current legislative session will be monitoring of the financial allocations to him within the next year's budget 2014.

    [millionday] meaning they will also be applying this to the next budget and they need help to do it right

    [millionday] so this is fantastic and shows how much of a hurry they are in to move to a market economy and also activate the entire economic reform which includes a rate of reality - meaning the right exchange rate for the country

    [millionday] to all foreign currencies -- the monetary policy ect  brb with more

    [ROBINREDHED] rate of reality is a great way to say that

    [millionday] smile lol  im careful – lol brb

    [millionday] here is where they are opening all ports to start trade ---- A member of the Commission on oil and gas parliamentary Susan Saad run four berths in the northern port of Umm Qasr and the opening of number of Alkhoznip space would provide significant economic service of the country.

 It said Saad told (morning): The total area of ​​the space Alkhoznip of 90 thousand square meters, confirming it will be for these spaces economic future is promising, indicating that the larger the area of ​​warehouses at ports, it will impact on the business dealings between Iraq and other countries. 

They indicated that the country suffers from a lack of warehouses in the ports and Alkhoznip spaces will have a big effect on the increase in the number of vessels calling at the ports to the presence of extra space for storage and unloading of goods

    [millionday] note -- as in customs needs we have talked about

    [millionday] The Transport Minister Hadi al-Amiri has laid last Wednesday the foundation stone for the construction and operation of four berths in the port of Umm Qasr north in addition to opening arenas storage interoperable with 3 investment companies. 

Pointing at the ministry statement that those achievements realized in the ports, especially the port of Umm Qasr will increase energy accommodate loads significantly, as well as expand the storage capacity and the number of Iraqi Albakharc, which will increase the revenue for the company's financial Iraqi ports.

    [millionday] so this is very exciting to say the least and there is more  smile

    [ROBINREDHED] more? oh my

    [millionday] ok lets read this whole thing and i will talk about it at the end  --  this is about the steps ect of the economic reform law and where they are it appears

    [millionday] Economic reform in Iraq took his share of official statements and claims, parliamentary and media, and since the first day of the change and until this moment, all calls for economic reform after the distortions that hit the structure of the economy before and after the change, but the case went like this.

    [millionday] Today has received circles of economic and interested and involved in economic affairs and with satisfaction the news of approval of the Council of Ministers for the Law of the economic reform and submit it to parliament in order legislation and approval, and the most prominent in the law it is based to achieve two main goals have always revolved statements and claims Bashonehma two shift economic policy towards the open market translation of the Constitution,

 which provided to consider this approach to economic policy in Iraq and the second to establish a top economic council works on implementation of this policy and curriculum.

 [millionday] note -- sorry have to say this -- this is saying the goal is the committee and the reform itself to enter to the globe

    [millionday] It's important to discuss and simmer image of this new law and the requirements of applicable after pleading course, by the representatives of the people, starting to be noted that the Constitution guarantees a policy of open market any free economy say it without apprehension or shame,

 but that happened and is happening to this approach is hampered by other and the continuity and permanence laws of totalitarianism which proved its failure in the experiment and the important question that arises now Is that the new economic reform law and the proposal would eliminate the old laws and cumbersome for this approach?.
...
Read More Link On Right

 

     [millionday] note -- in other words --- they have had trouble making it all get done at the same time -- laws from before got in the way and held it up longer then they wanted everything has to work together

    [millionday] Then the establishment Supreme Alaguetsidi Council proposed formation mm consists Wi-efficient elements join him? 

These questions require political will and courage to answer honestly and transparency in order to go with this benevolent efforts in vain without achieving the goals of the reform and its new law. 

For the power of discharge that must be included in the new law are summarized in its ability to eliminate any trace of the laws of the ancient notes that the overlap in the laws and the continued acceptance together opened the options in front of spoilers to exploit these gaps and implement the ambitions of personal increased and deepened the rampant corruption in some joints 

that allow laws Bsrianha, this is an essential point to break the law to achieve integrated goals with ease and binding for all without implementation options according to the desires and interests. 

    [millionday] note -- this is saying not only did they have to rewrite the laws to go along with the economic reform new but also the charges and fines ect that will be applied to those corporations and gov and ect ect that choose to ignore them

    [millionday] in other words as we see for example the insider trade laws that are in place -- enforcing the law is what i mean   smile

    [millionday] As regards Supreme Economic Council the same is it about it is important as a complement to the force of law and implemented faithfully and requirements for the success of this Council that includes people who specialists and highly qualified and they are many, 

but most importantly that they shall be faithful to the first objective of the law, a policy of open economy in order to Aatosr law enforcement ideas old does not correspond stage This change Tress clear and undiagnosed in most of the professionals and even for those who play on the chordal totalitarian regime and heat must be excluded from the Council for for ICON hampering to its They also Mchkson.

    millionday] they want to know whether this is intentional or from lack of training ect --- they need to monitor it all

    [millionday] last part >>  Another important note must be pointed her regarding the balance of the members of this Council what is required choose elements known their efficiency from both the public and private sectors and if they do not feed the new economic elements of the private sector and rely entirely on public sector representatives, 

recite the Board of peace because he will turn to the survival of the conflict eternal between the private and Shafi'i In this view that the people of Mecca know ecause the representatives of the private sector are the closest to the system of free and open market and thus guarantee an unqualified success successful and influential law to achieve the desired economic reform.

    [millionday] this is saying that everyone must know what to do and do it as a nation --- there can not be any that hold on to the old ways and the laws that are in place now have to be known or at least checked by all instead of doing anything the old way --

    [millionday] so it has taken a long time and they think they have it ready smile

    [jimplants] Is this the federal council?

    [millionday] no this is the economic reform

    [cookie2] No bad news in this?

    [millionday] the Supreme Economic Council will enforce the law and make it clear as their position - that is the committee or council that was one of the goals in this other then the entry to the globe

    [millionday] no bad news at all

    [Godsalli/Jim] Is this a law and regulation package that needs to be voted on ?

    [millionday] all progress and the explanation of what took so long no this is an explanation to the citizens  of why all the wait

    [Godsalli/Jim] No vote needed?

    [millionday] make sense ?

    [millionday] the economic reform law is ready for the vote and that is all they need and they are saying they plan on doing this all very very fast so their economy does not suffer any more then it has  - parliament is done with it and are putting it through now in its form in this session

    [jimplants] As in this week?

    [Godsalli/Jim] Oh please be so!

    Papatom] millionday this report is a clear picture of how intricate this whole thing has been...(the rebuilding of a country and bringing it current)....

    [millionday] i would say that they should this week as this is the session current

    [ROBINREDHED] millionday that would be fab

    ][millionday] this report is an explanation to the citizens of what took so long as in thank goodness they are done

    [millionday] Papatom exactly

    [ROBINREDHED] millionday hstrymknwmn wants to know who is speaking

    [millionday] head of supreme economic council is looks like

    [ROBINREDHED] there ya go

    [millionday] there was a press release and many spoke - this is really good news and very encouraging

    [ROBINREDHED] im excited

    [hstrymknwmn] Me to

    [millionday] i have to say i am too -- this is great

    anthonlcs] millionday Do they still need HCL passed as well?

    [millionday] they are putting through the hcl in sections the oil company ect brb with more

    millionday] here we go --- He is the head of parliament -- economic and this is the announcement of hosting the gov of cbi to do the next budget and here is what else they said - get ready to smile big

    [ROBINREDHED] reddy

    [millionday] He added that "the central bank failed to invest in Iraq would emerge from Chapter VII to raise the value of the Iraqi dinar," referring to his committee "called for the central bank to work to raise the value of the dinar and the Iraqi currency against other currencies and develop a strategy just to give the dinar position correctly in order to improve the exchange rate of the Iraqi dinar and thus the purchasing value of the dinar and powerful citizen. "

    [ROBINREDHED] nice

    [millionday] so they told him they were going to call him to do the next budget and also said that -- love it  --  it is an order to set the rate against all foreign currency

    [Royal] so when is next budget

    [wmawhite] millionday millionday .......could all of this actually be coming together?

    [Papatom] millionday this gives me the impression, along with the last report, that the powers that be in government are saying all this for the benefit of the citizens to see what they have been doing to keep their promises of a strong currency.....actually DEFENDING themselves as politicians.....kinda like....

    [millionday] Royal the next budget will be for 2014

    [Papatom] "see...we ARE doing something"...

    [millionday] Papatom the explanation to them was long over due and i agree    they would have done better explaining this months ago

    [Papatom] yup

    [ROBINREDHED] i agree

    [millionday] wmawhite it sure looks like it -- here is the amount of  next budget they need help with

    [cookie2] But, now it's ready

    [millionday] and it is giving them a deficit  brb with it  -- this was announced at a press conference

    [millionday] Commission's decision Mahma Khalil at a press conference attended by "obelisk" "The committee will host meetings next governor of the central bank and agency Abdul Basit Turki and staff at the bank in order to develop correct policy in the next budget," expected to "be a balancing of the Iraqi state in 2014 more than 130 billion dollars. "

    [millionday] that is very low and obviously is with a new rate or a reality rate i should say

    [Godsalli/Jim] Why in dollars?

    [millionday] makes much more sense then the ridiculas rate they have now and they are also demanding that it is changed strategically by the governor now or be replaced by a proxy that will as we saw in the last few days reports

    [millionday] so we dont know the rate

    [Godsalli/Jim] Ok

    [millionday] ?  smile

    [Godsalli/Jim] Smiling

    [millionday] brb let me make sure i didnt miss anything     ok have to go 

 

 

[shekinah33]

This article is long and lengthy, would someone please break this down to simple statements.  In other words, what is this article saying?

 

Thanks!

[sandfly]

I FELL ASLEEP THANKS

[Dinarian64]

This article is long and lengthy, would someone please break this down to simple statements.  In other words, what is this article saying?

 

Thanks!

Yes 

 

and

 

 

 

I FELL ASLEEP THANKS

me too!!!