Basra to pay men 5 million Dinars to marry, 10 million Dinars to start businesses

[k98nights]

Basra to pay men 5 million Dinars to marry, 10 million Dinars to start businesses

July 24, 2014 by Abdelhak Mamoun

Baghdad (IraqiNews.com) On Thursday, the General Secretariat of the Council of Ministers announced an incentive of 5 million Iraqi Dinars for each young man wants to marry in the province of Basra, while confirming that the money will be allocated from oil revenues.

The Secretariat said in a statement received by IraqiNews.com that “the Council of Ministers approved the recommendation of the Committee on Economic Affairs to meet some of the demands of Basra province,” noting that “the decisions of the Council include expanding the base of people who are covered by the social welfare and increasing the amounts allocated to them. These decisions stipulate the allocation of five million dinars for every young man wants to marry in Basra with a total number of ten thousand young people as a first stage, according to the population density of the administrative units in the province.”

The Secretariat added that “the decision which bears the number 383 provides for the granting of soft loans to micro-entrepreneurs in the amount of ten million dinars to ten thousand dinars project,” indicating that “the financing of those young people will come from oil revenues.”

The Council of Ministers held on Tuesday of each week a session to discuss the draft laws and developments on various levels of political, economic and social.

http://www.iraqinews.com/features/basra-pay-men-5-million-dinars-marry-10-million-dinars-start-businesses/

[moneysoon]

Man, do I have some jokes about this one...

[RV on my mind]

I wonder if bigamy is legal in Basra?    

Not to sure if I like this. An RV would make them extremely wealthy. So if true, RV is a long way off, or there may never be one. Just sayin.

[blueskyline]

Money allocated from oil reserves . Oil proceed sharing incentive

[Butifldrm]

 

Five million dinars for each young man wants to marry in the province of Basra          

24/07/2014 11:30 

Cabinet approved at its twenty-ninth and held on 7/22/2014 recommendation of the Committee on Economic Affairs meet some requests province of Basra.

He said the Office of the media and government communication, quoting the Department of Cabinet Affairs Council resolutions included broadening the base covered by social welfare and increasing the amounts allocated to them, where the text Alaqraraly allocation of five million dinars for each young man wanted to marry the number of the total (10,000) young man in the first phase, according to population density units by in the province.

He added that the Alaqraralve bears the number (383) spent the granting of soft loans to citizens owners of small businesses in the amount of ten million dinars to (10,000) project.

This has been financed from the allocations of the amounts mentioned (petro).

 

http://www.cabinet.iq/ArticleShow.aspx?ID=5034

[calkid11]

Thank you

[calkid11]

Thank you

[okane]

Dang ! and we marry our cousins for FREE

[blitzer]

Well, I'd say that shoots the idea of any RV in the near future.........that would make too many new millionaires in Iraq too soon, lol, the government wouldn't want that.

 

Not that I had any real hope left alive for anything in the next 2 to 5 years anyhow, but that really puts a nail in the coffin.

[FlintNPebbles]

Well, I'd say that shoots the idea of any RV in the near future.........that would make too many new millionaires in Iraq too soon, lol, the government wouldn't want that.

 

Not that I had any real hope left alive for anything in the next 2 to 5 years anyhow, but that really puts a nail in the coffin.

But they would not be millionaires. They would simply have more purchasing power.  They are not exchanging their dinars to become anything. They would be able to afford more things but then goods and services will also adjust to the new dinar value.  

 

It's not you blitzer....but it is one of my pet peeves that speculators will say "millionaires" when it comes to Iraqi citizens. They just end up with a better value for their money....they are not going to be putting millions in the bank and no one wanting to work.  At least not for many years....then they may become like Kuwait....but not anytime soon even with a revaluation of their currency.

[tattooman1]

maybe thats why they are giving them out so there will be millionaires all over Iraq ?

Edited July 24, 2014 by tattooman1

[gymrat76541]

^{That is just the governments cut...............................daddy needs three goats, two camels & a bottle of shine!}

[TBomb]

5 million dinars for every young man wants to marry in Basrah governorate

  

24/7/2014 11: 30 am

The Cabinet approved at its twenty-ninth meeting on 22/7/2014 the recommendation of the Committee on Economic Affairs on meeting some of the demands of Basra Governorate.
The Government communication and information Office quoted the Cabinet decisions included broadening the coverage of social welfare, increasing allocations to them, so a text wishing to allocate five million dinars for every young man wants to marry a total 10,000 young as a first phase, according to the population density of administrative units in the province.
He said that the decision to carry the number (383) to grant soft loans to small entrepreneurs in the amount of 10 million dinars (10,000) to the project.
The amounts mentioned are financed from allocations (petrodollars – being free).
طباعة   إرسل الموضوع الى صديق
http://www.cabinet.iq/ArticleShow.aspx?ID=5034

 

 

ty redlily

 

Basra's governor declares open the door of soft loans to eliminate unemployment
Saturday, April 13 / April 2014 21:21
 

[basra where]

The governor of Basra Majed Nasraoui, on Sunday, opened the door for soft loans for the unemployed to eliminate unemployment in the province.

Said Nasraoui in a press conference held in the office of the province of Basra attended reporter Agency all of Iraq [where] "We are working on opening sessions of sewing and will be distributed machines the women," noting, "it was to open an office of the poor and the needy and the unemployed to work in the office of the province of Basra."

He added, "we've divided the proportion of loans as follows: 25% of divorced women and widows and 10% of detainees released, and 10% of the displaced returnees, and 10% of those affected by the terrorist attacks and 25% of the graduates of vocational institutes and 10% of the beggars, and 10% for people with disabilities."

He called on citizens to submit projects to the Committee on bail deliberate government employees and the payment of the loan over five years after the grant year repayment grace. "

He stressed that the province will launch opportunities for other loans in order to encourage the private sector, which is the first precedent in the province to encourage the private sector and the elimination of unemployment, "explaining that" the children of private loans exclusively the province of Basra. "Ended

 

http://translate.googleusercontent.com/translate_c?depth=2&hl=en&rurl=translate.google.com&sandbox=0&sl=ar&tl=en&u=http://www.alliraqnews.com/index.php/2011-11-25-02-03-15/126819-2014-04-13-18-13-58.html&usg=ALkJrhhU2ogI5z54VkYh9D7CHayy33yvLg

[sandfly]

THANKS O THATS A GOOD ONE

[sandfly]

THANKS

[TennesseeCherokee]

I wonder if bigamy is legal in Basra?

Not to sure if I like this. An RV would make them extremely wealthy. So if true, RV is a long way off, or there may never be one. Just sayin.

Just an FYI.......When the CBI decides to institute monetary reform, Iraqi's with a couple million dinar are not going to 'become rich'. Their buying power will just be increased.

The revaluation will only bring good returns for those outside Iraq who exchange their IQD for their nation's currencies.......USD,Euro, BPS, etc....

Edited July 25, 2014 by TennesseeCherokee