Millionday News 9/27/15
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Millionday: New York directed Mr. Prime Minister, Dr. Haider al-Abadi to New York at the head of a ministerial delegation to attend the meetings of the General Assembly of the United Nations. And will deliver Dr. Abadi, the word Iraq in the meetings of the Assembly will also hold a number of meetings with leaders countries dealing discuss strengthening bilateral relations and address
Millionday: the political, security and economic challenges and the war on terror Daash gangs. will also participate sovereignty at the international conference to combat terrorism and to support Iraq in the face of terrorism, which will be held in New York of an international presence and broad. Information Office of the Prime Minister September 27, 2015
Millionday: SO AS WE SEE ABADI IS ATTENDING THE MEETINGS WITH THE UN IN NEW YORK WHICH WILL ADDRESS ALL THE CHALLENGES THAT HAVE CRIPPLED IRAQ IN MANY WAYS --
Bax: Does it say when these meetings actually are? Mon.. Tues..??
Millionday: IT DOES NOT
Millionday: THE REPORT BAX IS DATED SEPT 28TH AND DATES INFORMATION FROM PRIME MINISTER THE 27TH
cjquade54: can they vote on laws without Abadi being in the country?
Millionday: YES THEY CAN VOTE THROUGH LAWS WITH HIM OUT OF THE COUNTRY
Nadita: is that because the laws are already been discussed and it's a matter of vote plus Massoum and Jabouri are in the house, correct...???
Millionday: IT IS BECAUSE THEY ARE A DEMOCRATIC GOVERNMENT AND THE LAWS BEING VOTED ON ARE IN PARLIAMENT ---
THE MINISTERS HAVE ALREADY (QUITE A TIME AGO) HAD THESE LAWS ON THE TABLE -- WHAT IS LEFT IS PARLIAMENT VOTE AND PRINT
Millionday: Parliamentary Finance Committee confirmed on Saturday, no worries on the value of the dinar against the dollar, indicating that the cash reserve to cover the dinar is liable to bring the necessary stability of the exchange rate for a long time. He said the Commission decision of Ahmed Hama Rasheed for "tomorrow Bs,"
The "Actions taken by the Central Bank of Iraq and the private banks which capable of achieving exchange rate stability and returned to a normal level after he had witnessed a rise during the first quarter of this year because of Article 50 of the budget, which obliges the central bank to sell a specific amount of the dollar to the markets, which can accommodate twice the Law set the amount.
Millionday: NOTE -- THE PLANNED EXCHANGE RATE CAN BE SUPPORTED FOR YEARS AND CAN ACCOMMODATE TWICE THE >>>>LAW SET AMOUNT ---
THIS IS HUGE NEWS -- THEY ARE CAPABLE OF SUPPORTING A NORMAL RATE RETURN
Millionday: "He added that" the central bank recently said that the reserves are sufficient to cover more than six months of imports, which is higher than usually required to maintain the exchange rate so concerns the value of the dinar does not exist against the dollar,
"stressing that" the measures taken by the Bank Central contributed significantly in reducing the volume of inflation during the last period. "He stressed Rashid said" Strengthening the reserve currency basket extra amounts of gold would also be granted the dinar extra power enables it to withstand the fluctuations of world oil prices,
Millionday: NOTE -- THE CENTRAL BANK IS ALSO CAPABLE OF KEEPING IRAQ OUT OF INFLATIONARY ECONOMIC RESULTS DUE TO THE APPLICATION OF A NORMAL PLANNED EXCHANGE RATE LAW
WHILE EXPERIENCING HUGE FLUCTUATIONS IN OIL PRICES DURING SIX MONTHS OF DEVELOPMENT.
THE RESERVES ARE EXPECTED TO COVER MORE THAN SIX MONTHS OF IMPORTS
THEREFORE;;;;;;;; CONCERNS ABOUT THE ABILITY TO MAINTAIN THE EXCHANGE RATE TO BE APPLIED DOES NOT EXIST
Millionday: "noting that" whenever the diversity of the cash reserve I said the effects of lower oil prices directly on the value of the currency.
"The Article 50 of the Budget Law for the current year has committed to identify sales of the dollar in the auction daily currency selling ceiling does not exceed 75 million dollars a day at a time when the market absorbed about $ 200 million, has been canceled Federal Court this paragraph in future budgets Iraq.
Millionday: SO THE AMOUNTS THAT HELPED IRAQ GET TO THIS POSITION THROUGH AUCTIONS HAS BEEN CANCELED --- THIS IS HUGE AND HAS SERVED ITS PURPOSE
Bax: SO THERE is no more auctions then?
Millionday: THE AUCTIONS BUDGETED HAVE BEEN CANCELED BUT THEY MAY USE THIS TOOL IN THE FUTURE --
THE NATIONS ECONOMY WILL BE PROTECTED WITH ALL TOOLS AVAILABLE TO THEM SO I WOULD NOT GO AS FAR AS TO SAY THAT THEY WILL NEVER HAVE ANOTHER AUCTION WITH SO MUCH UNKNOWN FOR THE FUTURE
cjquade54: do you think the "normal" rate they're talking about refers to an ri/rv rate? almost sounds like today's going rate.
Millionday: I SEE IT AS BEING A CONFIDENCE IN WHAT THEY ARE CAPABLE OF DOING BY USING THE BANKING TOOLS THEY HAVE LEARNED TO USE --->>>
The "Actions taken by the Central Bank of Iraq and the private banks which capable of achieving exchange rate stability and returned to a normal level after he had witnessed a rise during the first quarter of this year because of Article 50 of the budget,
Millionday: THEY ARE ABLE TO KEEP THE RATE STABLE AND RETURN IT TO THE GOAL RATE THEY HAVE SET --
THIS SHOWS CONFIDENCE FOR THE CENTRAL BANK AND ITS ABILITY TO MAINTAIN WHAT EVER THE RATE IS SET AT DUE TO THE TOOLS AT HAND --
WITH A CHANGED RATE (FOR INSTANCE THE REMOVAL OF THE THREE ZEROS, GLOBAL PRICING INDEX IMPLEMENTED) THEY WOULD BE PARALLEL THROUGH PRICES OF IMPORTS AND DOMESTIC SO THE TOOLS WOULD BE REFLECTIVE AS WELL -- IMO
puffdragon: So without the auctions where is that revenue going to come from ? Must be counting on some other source !!
Millionday: GOOD POINT PUFF -- THEY WOULD NEED TO OPEN THE BUDGET AND USE THE FUNDS A MARKET ECONOMY CREATES IT WOULD SEEM BUT ---
THIS WOULD OF COURSE BE OPINION OR ECONOMICS 101 OR SOMETHING LOL
Millionday: In the parliamentary law committee member said that the discussions of the political blocs about the National Guard Law is still ongoing to resolve the dispute it.
And between honest frankincense told all of Iraq [where] that "the more laws that have been meeting around by the political blocs is the National Guard Law, and exhausted many hours, as discussed in the Legal Committee,
and we continue to discuss it but there is disagreement in the wills of some political blocs that going to be some paragraphs that the National Alliance is believed to lead to the division and unity of the country.
"He added that" the others want to activate these paragraphs in order to get some concessions in the provinces or the introduction of some parties that could not incorporated by the federal government.
Millionday: NOTE -- OBVIOUSLY SOME ARE DISAGREEING ABOUT THE NATIONAL GUARD AND THE APPLIED CONCESSIONS IN THE PROVINCES
Millionday: SO THE THING IS THAT NATIONAL UNITY IS HARD TO APPLY WHEN THEY ARE TRY TO RESOLVE THE LAW --
Millionday: OBVIOUSLY THE LEADER IS THE ISSUE
Millionday: WHO DO YOU ANSWER TO? WHAT IF SOMETHING HAPPENS? THE ISSUE IS OBVIOUSLY WHERE THEY ARE LINKED
buck: we have known that for ages about the disagreements to the national guard law, they knew it too, why put it in the "basket of laws" if not going to get passed??? is this is saying it is not going to be part of the vote??
Millionday: IT IS NOT IN A BASKET AND NO LAWS ARE RELIANT ON IT GETTING PASSED
buck: they stated that the national reconciliation law would be passed but this is a big part of reconciliation is it not>>>??????
Millionday: THE PROBLEMS THEY ARE FACING SEEM TO BE ABOUT UNITY -- THE NATIONAL RECONCILIATION IS MOSTLY ALL ABOUT IRAQ`S UNITY BETWEEN THE PARTIES AND THE ENTIRE NATION
buck: kinda my point...so this does not slow economic progress
Millionday: BUCK THE PARTIES LAW WAS A HUGE PART OF THE NATIONAL RECONCILIATION
Millionday: THE NATIONAL GUARD LAW DOES NOT SLOW THE ECONOMIC PROGRESS --
IT IS NEEDED FOR THE RESULTS FROM IT --- AS THE NATIONAL GUARD TAKES CARE OF MANY THINGS WITHIN THE NATION FOR THE CITIZENS
Millionday: LET ME MAKE SURE I HAVE NOT MISSED ANYTHING -- I WANTED RESULTS OF THE MEETING AFTER THE FEAST -- SO IM LOOKING HARD
Millionday: NOTE -- ABADI HAS LEFT FOR NEW YORK -- SO TIMING FOR UN MEETING IS WITHIN A SHORT TIME
Millionday: HUGE NEWS
Millionday: HERE WE GO -- ISX
Millionday: Iraq Stock Exchange called, on Saturday, to create a "Deposit Insurance Corporation" to protect depositors and earn "" investor confidence, and proposed the launch of a "national investment fund" to promote the value of investments, and as revealed that the banking sector represents 62% of the market shares, demanded a plan International Classification to overcome the "bad" of the Iraqi economy.
Millionday: NOTE -- INTERNATIONAL COMPLIANCE
Millionday: The executive director of the market, Taha Ahmed Abdul Salam said in an interview to the (long-Presse), "The banking sector is one of the most prominent themes driving the Iraqi market for securities, and any impact on the work of banks will reflect negatively on the market work,"
noting that "the banking sector represents 62% of the total of the Matrouh shares in the market. "
He said Abdul Salam, that "the investment portfolio of the key drivers for the market one way or another, so the banking sector composition of the investment province within the same sector, and the issuance of portfolio management for investment funds and corporate financial investment instructions by the Securities Commission and the Central Bank of Iraq."
Millionday: NOTE -- ADDING CONFIDENCE IN THE MARKET -- HUGE -- INSURANCE
Millionday: He called Abdul Salam, to "the establishment of the Deposit Insurance Corporation to protect depositors in the government and private banks and earn the confidence of investors and savers in Iraqi banks and contribute significantly to the stock market."
He stressed Abdul Salam, "the need for continued cooperation between the Iraqi government and the private sector", calling for "the launch of a national investment fund to which they contribute and the Ministry of Finance and the Central Bank of Iraq and government funds and government and private banks, in order to enhance the value of investments."
Millionday: He called Abdul Salam, "to work to overcome Category bad for the Iraqi economy by the international financial institutions, increasing the lead (B minus) through a well-defined plan,"
calling for "not to neglect the international classifications and publish its recommendations to investors in order to preserve the value of existing investments and maximize the future value of investments and amending the provisions of the prevailing and instructions issued by the laws that hinder the development of investment and financial tools. "
Millionday: SO AS WE SEE -- IT IS A GOAL TO IMPROVE THE CREDIT RATING --
THIS WILL HELP THE INTERNATIONAL CONFIDENCE AND ALSO AMOUNT OF AGREEMENTS --
HOWEVER -- THE SUCCESS OF THE ISX OF COURSE IS ONE OF THE WAYS THEY CAN INFLUENCE THE RATINGS AND ALSO THE ECONOMIC STANDING OF IRAQ
Millionday: THE VALUE OF INVESTMENTS WILL IMPROVE DIRECTLY FROM THE NATIONAL INVESTMENT FUND -- LOVE IT
buck: is there a clear connection between abadi and the un and the global economic currency for iraq, or are we just hoping there is one....???
Millionday: GLOBAL ECONOMIC CURRENCY?
Millionday: DO YOU MEAN IT BEING INTERNATIONALLY RECOGNIZED?
buck: sorry the iraq currency and the global economics. your fancy way of saying rv lol
Millionday: LOL -- I THINK IT IS INTERESTING HE IS GOING TO NEW YORK WHERE THE STOCK MARKET IS MOST OFTEN MET ABOUT WHEN 4 DAYS AGO THEY SAID THEY WERE GOING TO PLACE THE NATIONAL INVESTMENT FUND FOR CONFIDENCE
Millionday: ALL OTHER TIMELINES SEEM TO INTEREST ME AS WELL
Millionday: IT IS A VERY EXCITING TIME FOR ME RIGHT NOW
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