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Saturday, September 5, 2015

DINAR IRAQ AND DONG VIETNAM UPDATE, 5 SEPT

Dinar Iraq and Dong Vietnam:Parliamentary Finance Committee announced the Council of Ministers to discuss the financial budget for 2016, the current mid-September, as expected sent to the House of Representatives beginning next month.
A member of the parliamentary finance committee, Masood Haider, said that “there is a committee Astraetjh financial budget in the Ministry of Finance and the representatives from all the parliamentary finance committee and the ministries concerned,” noting that “this committee began to study the 2016 budget since the fifth month.”
Haider said that “the Council of Ministers will discuss the current budget mid-September,” expected “sent to the House of Representatives early next month.”
Haider stressed the need to “reduce the fiscal deficit in the budget next year,” pointing out that “if we want to reduce the deficit Fjab not to exceed the budget of 75 billion US dollars.”
The Ministry of Planning announced, on the seventh of July 2015, their quest for the feminine to plan projects to 30% in the 2016 budget, noting that it has prepared a working paper represents the proposed mechanism to move the subject of payment on credit.
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THEY ARE WORKING TO ESTABLISH INDEPENDENT BANKING POLICIES…MOVING FORWARD DUE TO THE NEED OF THE PRIVATE SECTOR ACTIVATION AND ALSO THE LAWS ON MONEY LAUNDERING AND FRAUD ETC ARE ALSO BEING PUT IN PLACE — THIS ALL WORKS TOGETHER… THE INTERNATIONAL COMPLIANCE THAT COMES INTO PLAY ALONG WITH INTERNATIONAL LAWS THAT PROTECT INTERNATIONAL BANKING AND TAXATION …IT ALL WORKS TOGETHER . THE GUARANTEES ARE IN PLACE AND THEY ARE FREELY DISCUSSING IRAQI BANKS ABROAD… CONFIDENCE IN THE LEGAL SYSTEM AND ALSO THE INTERNATIONAL COMPLIANCE AND GROWTH THAT WILL COME FROM INTERNATIONAL BANKING… ALL GREAT TO SEE FOR THE BANKING REFORM – NICE.