Millionday
Friday Afternoon Roundtable Part 1
07/11/2014
Millionday Roundtable 7/11/14 Part 1
Welcome To Friday Afternoon Roundtable With Millionday!
millionday] ok we do have some whoppers and they all go together and tell oh such a beautiful story smile
[millionday] so i need you to let me bring it in so we can all read it and i promise we will discuss in between reports
[millionday] ok so lets get rolling and let me bring the whole thing in before the smiles begin -- because there is more on it too
[millionday] ok here we go -- goodness i love bringing news like this
~~~
Welcome To Friday Afternoon Roundtable With Millionday!
millionday] ok we do have some whoppers and they all go together and tell oh such a beautiful story smile
[millionday] so i need you to let me bring it in so we can all read it and i promise we will discuss in between reports
[millionday] ok so lets get rolling and let me bring the whole thing in before the smiles begin -- because there is more on it too
[millionday] ok here we go -- goodness i love bringing news like this
~~~
[millionday]
Iraqi Central Bank announced on Thursday, for the use of the payments system
for the settlement of the instruments between governmental institutions and
banking,
adding that the system would ensure the safety and efficiency of payment systems and clearing operations.
The bank said in a statement received "Alsumaria News" a copy of it, that "the aim of developing financial and banking sector in Iraq and reducing the phenomenon of pregnancy and the circulation of money, it has been taking a number of measures in the automation of processes settlement instruments and
[millionday] note -- remember automation while reading the rest -- you know what automation means in banking
[millionday] payment orders between governmental institutions and banks electronically through the payments system Iraqi network which uses safe and effective.
" The bank added that "the system will allow for the operation and management of the accounts of the settlement between the participants from which to ensure the safety and efficiency of payment systems and clearing operations."
[millionday] The Bank noted that "the Ministry of Finance has adopted this system in obtaining dues from various institutions instead of instruments," pointing out that "it is considered a key step in the way of comprehensive mechanization of each financial transactions and means of performing the obligations in Iraq."
It is noteworthy that the Iraqi banks have not kept pace with developments in the work of international banks, and has been linked through the use of telephones and fax machines, and did not enter the Internet, but after 2004,
and sought the central bank to develop the banks associated with it through the introduction of new technologies and linking banks globally automatically , to facilitate the process of transfer of funds to and from Iraq.
[millionday] note -- as we see -- this is the announcement of electronic banking in and out of Iraq -- this is huge huge for systems and agreements of payments -- and also the use of all electronic banking period
millionday] we are however going to follow this huge announcement to other international organizations and the big whooopow coming from them
[millionday] now this is also the way that wiring is done and all data entry is kept up with in the global banking systems
millionday] so this is a huge WHOOOPOW for Iraq to have done
[millionday] this of course is a huge comment on this >>>>
[millionday] The bank added that "the system will allow for the operation and management of the accounts of the settlement between the participants from which to ensure the safety and efficiency of payment systems and clearing operations.
" The Bank noted that "the Ministry of Finance has adopted this system in obtaining dues from various institutions instead of instruments," pointing out that "it is considered a key step in the way of comprehensive mechanization of each financial transactions and means of performing the obligations in Iraq."
[millionday] there are many forms of tender -- electronic works best for global of course so the instruments would be not used but is replaced now by electronic payment systems that we are so accustomed to
[millionday] end of this report
[millionday] SO NOW WE CAN ---WHOOOPOW
[quicktolegit96] millionday so this is all set up and a go?
[millionday] this is huge advancement as has been refered to what is missing with the Iraqi banking system for the banking reform completion in reports
[millionday] yes they have announced it is all set up
[quicktolegit96] millionday can banks communicate to each other electronically within iraq - they have that software right? Reason why i asked is cuz poppy brought something in yesterday saying they would have that in 5 days
[millionday] there may be some banks that have not been operating at all with Iraq but will be after the reform so that would make sense that some may have changes and entries they need to do to complete the globalization
[millionday] now i have some more reports that will show how exciting this is and how else it will be a huge advancements with other areas we have been watching smile
[millionday] brb with more -- smile
[millionday] now here is something else that is an absolute must that comes with this banking change and advancement
[millionday] The Advisor of Association of Iraqi banks, an expert in economic affairs, Salam Sumaisem suggested to include private banks in the project of the electronic cards to distribute the salaries of state employees.
She told the National Iraqi News Agency / NINA / "delivering the salaries of state employees by electronic cards and through private banks will contribute to ease the burden on the government banks."
[millionday] note -- this is referring to the Visas-Mastercard and not sure if other major cards but also smart cards -- smart cards are reported to be brought out and covered by Visa
[millionday] She added, "Delivering salaries through electronic card will maintain the value of money at a certain level of stability levels in addition to upgrade banking performance." Trade Bank of Iraq (TBI) has expanded delivering salaries of state employees electronically to include employees of the Ministry of Foreign Affairs and National Investment Commission, after the success of adoption of project of electronic cards with the staff of the Ministry of Construction and Housing to receive their monthly salaries.
millionday] She added, "Delivering salaries through electronic card will maintain the value of money at a certain level of stability levels in addition to upgrade banking performance."
Trade Bank of Iraq (TBI) has expanded delivering salaries of state employees electronically to include employees of the Ministry of Foreign Affairs and National Investment Commission, after the success of adoption of project of electronic cards with the staff of the Ministry of Construction and Housing to receive their monthly salaries.
[quicktolegit96] millionday are these cards loaded yet?
[Domino] millionday What does "brought out" mean?
[millionday] so as we see here many other contractors and gov employees will be taking this advanced way of pay as well and they are wanting all private banks to also move to carry a card offer to advance
[millionday] so that is the end of that report but remember that some of our own banks have taken their time adding cards as well so same concept
[millionday] this is not a hold up if some banks do not have the capabilities to have the banking card yet -- it is just private banks and they will see the benefit to offering the service ect
[millionday] so i have something else on the subject – smile brb
[millionday] this is a major effect of the enactment of this law and process of banking huge
[millionday] Represent automation (conversion exchange dealing fiscal to cash-mail address) in the financial and banking system, one of the means designed to improve the payments system and thus will be reflected on the balance of payments in Iraq,
despite the expansion of the activities of automation in the world and the proliferation of e-commerce, show the need for the country to enact legislation governing the payment mechanisms external or internal client companies in this way.
millionday] note -- of course the conversion to this system within the globe is very exciting to see with what we are watching and following
[millionday] known as the payments system as a range of tools, procedures, and tools taken by the monetary authority to facilitate financial payments and settlement obligations between economic units including debt settlement. In this regard,
said economist Dr Essam Mahouelle " that there are efforts real by the central bank and the government and private banks to activate the regulations banking modern electronic them, especially after the advent of e-commerce and spread widely among countries in the world that requires legislative bodies to enact laws to regulate the working ways of payment.
millionday] note -- in other words -- the entry to the globe requires this type of banking and the enactment of these laws makes them comparable and approachable economically for firms and any type of investment and brings them up to the level of process they are capable of doing
[millionday] Among told (morning) : "the importance of speeding up the legislation of laws governing the payment mechanism external to the electronic commerce between Iraq and the countries of the world to their importance in the current stage and in line with the requirements of the transition to a market economy as it is a way to pave the way for Iraq's accession to the World Trade Organization."
[millionday] note -- as we see here in ink the move to a market economy is the paving of the way to the WTO -- so the enactment of these laws puts them in a position to move to an active member -- with any of the other steps of requirement -- which we have read the requirements and the addition of so many industries and agriculture and the electricity and waterworks being added to agriculture has helped much of those requirements
[millionday] but it seems to tell us -- moving to a market economy would be hard or may be impossible without electronic banking laws --- e-commerce has been added as well
[millionday] WHOOPPPER PART OF CBI ANNOUNCEMENT >>>>>>>>>>>>>>>>>>>>>>>>
[millionday] According to the Central Bank, Iraq has one of the most electronic payment systems advanced in the world, a system responsible for the exchange of payment orders between banks and automatically using the network safe and effective.
[millionday] note -- obviously every system will be advanced because they are starting from what is newest in all fields now ---
[millionday] here is something else very important and then we will discuss some of this
[millionday] Prime Minister Nuri al-Maliki, assigned his deputy for Energy Affairs Hussain al-Shahristani, the functions and tasks of Foreign Minister instead of Hoshyar Zebari.
The Web site of the Patriotic Union of Kurdistan (PUK) said today, " Maliki's assignment of Shahristani instead of Zebari came after the Kurd ministers decision not to participate in the meetings of cabinet in Baghdad.
[millionday] note -- now here comes some clarity that is nice to see in ink
[millionday] Media advisor Kifah Mahmood for Kurdistan region president,added according to the site: What reported by some news agencies about a decision by Erbil to withdraw Kurdish bloc from the federal government is not true, pointing out that the Kurd Minister are now on vacation.
[millionday] so they did not withdraw (the kurds) from parliament --- but on vacation right now ? very strange way to change a report
[quicktolegit96] millionday as we know a lot going on behind the scenes. Do you feel M is out yet?
[millionday] i dont think that he was in London and call that a rumor
[millionday] so that is some great news
[millionday] end of report
star877] Wow! Just got here & this news is fantastic! Its almost unbelievable this is really happening! We made it! Wow! We are so lucky to be in this!
[quicktolegit96] i should rephrase millionday, do you feel another PM has been selected?
[millionday] oh this news is the best we have had in such a long time and this fantastic
[millionday] i sure am hoping that they announce on time -- it seems to me that the kurds had their choice ready on time and they seem with this announcement to be actually working to make their deadline
[quicktolegit96] millionday thx as always
[clay] the 1st?
[millionday] clay no they are to announce on sunday -- this one
[lstar877] Thank u so much millionday! U walked us thru this investment everyday! So much work! Thank You!
[millionday] according to what has been reported
[quicktolegit96] millionday do u have much on political news, or maybe we will see more tonight, rt?
[msboomshakalaka] Hello all, just coming in too and sounds like I missed some great news.
[millionday] yw all the time hun but i am by far not the only one here that is working so hard -- the news on this site is so hard to get and BGG and MRS and Poppy and Chattels and so many work so hard --
adding that the system would ensure the safety and efficiency of payment systems and clearing operations.
The bank said in a statement received "Alsumaria News" a copy of it, that "the aim of developing financial and banking sector in Iraq and reducing the phenomenon of pregnancy and the circulation of money, it has been taking a number of measures in the automation of processes settlement instruments and
[millionday] note -- remember automation while reading the rest -- you know what automation means in banking
[millionday] payment orders between governmental institutions and banks electronically through the payments system Iraqi network which uses safe and effective.
" The bank added that "the system will allow for the operation and management of the accounts of the settlement between the participants from which to ensure the safety and efficiency of payment systems and clearing operations."
[millionday] The Bank noted that "the Ministry of Finance has adopted this system in obtaining dues from various institutions instead of instruments," pointing out that "it is considered a key step in the way of comprehensive mechanization of each financial transactions and means of performing the obligations in Iraq."
It is noteworthy that the Iraqi banks have not kept pace with developments in the work of international banks, and has been linked through the use of telephones and fax machines, and did not enter the Internet, but after 2004,
and sought the central bank to develop the banks associated with it through the introduction of new technologies and linking banks globally automatically , to facilitate the process of transfer of funds to and from Iraq.
[millionday] note -- as we see -- this is the announcement of electronic banking in and out of Iraq -- this is huge huge for systems and agreements of payments -- and also the use of all electronic banking period
millionday] we are however going to follow this huge announcement to other international organizations and the big whooopow coming from them
[millionday] now this is also the way that wiring is done and all data entry is kept up with in the global banking systems
millionday] so this is a huge WHOOOPOW for Iraq to have done
[millionday] this of course is a huge comment on this >>>>
[millionday] The bank added that "the system will allow for the operation and management of the accounts of the settlement between the participants from which to ensure the safety and efficiency of payment systems and clearing operations.
" The Bank noted that "the Ministry of Finance has adopted this system in obtaining dues from various institutions instead of instruments," pointing out that "it is considered a key step in the way of comprehensive mechanization of each financial transactions and means of performing the obligations in Iraq."
[millionday] there are many forms of tender -- electronic works best for global of course so the instruments would be not used but is replaced now by electronic payment systems that we are so accustomed to
[millionday] end of this report
[millionday] SO NOW WE CAN ---WHOOOPOW
[quicktolegit96] millionday so this is all set up and a go?
[millionday] this is huge advancement as has been refered to what is missing with the Iraqi banking system for the banking reform completion in reports
[millionday] yes they have announced it is all set up
[quicktolegit96] millionday can banks communicate to each other electronically within iraq - they have that software right? Reason why i asked is cuz poppy brought something in yesterday saying they would have that in 5 days
[millionday] there may be some banks that have not been operating at all with Iraq but will be after the reform so that would make sense that some may have changes and entries they need to do to complete the globalization
[millionday] now i have some more reports that will show how exciting this is and how else it will be a huge advancements with other areas we have been watching smile
[millionday] brb with more -- smile
[millionday] now here is something else that is an absolute must that comes with this banking change and advancement
[millionday] The Advisor of Association of Iraqi banks, an expert in economic affairs, Salam Sumaisem suggested to include private banks in the project of the electronic cards to distribute the salaries of state employees.
She told the National Iraqi News Agency / NINA / "delivering the salaries of state employees by electronic cards and through private banks will contribute to ease the burden on the government banks."
[millionday] note -- this is referring to the Visas-Mastercard and not sure if other major cards but also smart cards -- smart cards are reported to be brought out and covered by Visa
[millionday] She added, "Delivering salaries through electronic card will maintain the value of money at a certain level of stability levels in addition to upgrade banking performance." Trade Bank of Iraq (TBI) has expanded delivering salaries of state employees electronically to include employees of the Ministry of Foreign Affairs and National Investment Commission, after the success of adoption of project of electronic cards with the staff of the Ministry of Construction and Housing to receive their monthly salaries.
millionday] She added, "Delivering salaries through electronic card will maintain the value of money at a certain level of stability levels in addition to upgrade banking performance."
Trade Bank of Iraq (TBI) has expanded delivering salaries of state employees electronically to include employees of the Ministry of Foreign Affairs and National Investment Commission, after the success of adoption of project of electronic cards with the staff of the Ministry of Construction and Housing to receive their monthly salaries.
[quicktolegit96] millionday are these cards loaded yet?
[Domino] millionday What does "brought out" mean?
[millionday] so as we see here many other contractors and gov employees will be taking this advanced way of pay as well and they are wanting all private banks to also move to carry a card offer to advance
[millionday] so that is the end of that report but remember that some of our own banks have taken their time adding cards as well so same concept
[millionday] this is not a hold up if some banks do not have the capabilities to have the banking card yet -- it is just private banks and they will see the benefit to offering the service ect
[millionday] so i have something else on the subject – smile brb
[millionday] this is a major effect of the enactment of this law and process of banking huge
[millionday] Represent automation (conversion exchange dealing fiscal to cash-mail address) in the financial and banking system, one of the means designed to improve the payments system and thus will be reflected on the balance of payments in Iraq,
despite the expansion of the activities of automation in the world and the proliferation of e-commerce, show the need for the country to enact legislation governing the payment mechanisms external or internal client companies in this way.
millionday] note -- of course the conversion to this system within the globe is very exciting to see with what we are watching and following
[millionday] known as the payments system as a range of tools, procedures, and tools taken by the monetary authority to facilitate financial payments and settlement obligations between economic units including debt settlement. In this regard,
said economist Dr Essam Mahouelle " that there are efforts real by the central bank and the government and private banks to activate the regulations banking modern electronic them, especially after the advent of e-commerce and spread widely among countries in the world that requires legislative bodies to enact laws to regulate the working ways of payment.
millionday] note -- in other words -- the entry to the globe requires this type of banking and the enactment of these laws makes them comparable and approachable economically for firms and any type of investment and brings them up to the level of process they are capable of doing
[millionday] Among told (morning) : "the importance of speeding up the legislation of laws governing the payment mechanism external to the electronic commerce between Iraq and the countries of the world to their importance in the current stage and in line with the requirements of the transition to a market economy as it is a way to pave the way for Iraq's accession to the World Trade Organization."
[millionday] note -- as we see here in ink the move to a market economy is the paving of the way to the WTO -- so the enactment of these laws puts them in a position to move to an active member -- with any of the other steps of requirement -- which we have read the requirements and the addition of so many industries and agriculture and the electricity and waterworks being added to agriculture has helped much of those requirements
[millionday] but it seems to tell us -- moving to a market economy would be hard or may be impossible without electronic banking laws --- e-commerce has been added as well
[millionday] WHOOPPPER PART OF CBI ANNOUNCEMENT >>>>>>>>>>>>>>>>>>>>>>>>
[millionday] According to the Central Bank, Iraq has one of the most electronic payment systems advanced in the world, a system responsible for the exchange of payment orders between banks and automatically using the network safe and effective.
[millionday] note -- obviously every system will be advanced because they are starting from what is newest in all fields now ---
[millionday] here is something else very important and then we will discuss some of this
[millionday] Prime Minister Nuri al-Maliki, assigned his deputy for Energy Affairs Hussain al-Shahristani, the functions and tasks of Foreign Minister instead of Hoshyar Zebari.
The Web site of the Patriotic Union of Kurdistan (PUK) said today, " Maliki's assignment of Shahristani instead of Zebari came after the Kurd ministers decision not to participate in the meetings of cabinet in Baghdad.
[millionday] note -- now here comes some clarity that is nice to see in ink
[millionday] Media advisor Kifah Mahmood for Kurdistan region president,added according to the site: What reported by some news agencies about a decision by Erbil to withdraw Kurdish bloc from the federal government is not true, pointing out that the Kurd Minister are now on vacation.
[millionday] so they did not withdraw (the kurds) from parliament --- but on vacation right now ? very strange way to change a report
[quicktolegit96] millionday as we know a lot going on behind the scenes. Do you feel M is out yet?
[millionday] i dont think that he was in London and call that a rumor
[millionday] so that is some great news
[millionday] end of report
star877] Wow! Just got here & this news is fantastic! Its almost unbelievable this is really happening! We made it! Wow! We are so lucky to be in this!
[quicktolegit96] i should rephrase millionday, do you feel another PM has been selected?
[millionday] oh this news is the best we have had in such a long time and this fantastic
[millionday] i sure am hoping that they announce on time -- it seems to me that the kurds had their choice ready on time and they seem with this announcement to be actually working to make their deadline
[quicktolegit96] millionday thx as always
[clay] the 1st?
[millionday] clay no they are to announce on sunday -- this one
[lstar877] Thank u so much millionday! U walked us thru this investment everyday! So much work! Thank You!
[millionday] according to what has been reported
[quicktolegit96] millionday do u have much on political news, or maybe we will see more tonight, rt?
[msboomshakalaka] Hello all, just coming in too and sounds like I missed some great news.
[millionday] yw all the time hun but i am by far not the only one here that is working so hard -- the news on this site is so hard to get and BGG and MRS and Poppy and Chattels and so many work so hard --
|
I have so much respect for the people on here and the
members that work so hard to put in and help all of us to know what is going
on -- just a great group of people
[millionday] so let me go look and see what else i have brb smile Comments may be made at the end ofPart 2 Thank You |
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