Millionday Roundtable 5/6/15 Part 1
Welcome to dinarupdates.com for Roundtable with Millionday!!
Millionday: WELCOME TO ROUNDTABLE
Millionday: HERE WE GO WITH A HUGE WHOOOPOW
Millionday: READ EVERY WORD>>>Sabah said the economic academic Dr. Majid Baidhani that the dinar exchange rate against the dollar will soon return from rates over a short period due to the slow recovery of oil prices Alaalmih.oukal in an interview for the "morning" that the reasons for the high price of the dollar against the dinar known but
Millionday: NOTE -- THE DINAR EXCHANGE RATE WILL RETURN AGAINST THE DOLLAR OVER A SHORT PERIOD OF TIME
Millionday: READ EVERY WORD>>>the coming period will witness Back to the exchange is close to the previous rates price because of the checks on the scene of victories (Daash) terrorist and high Alinvt.wachar Baidhani rates that the central bank measures announced by the beginning of last March will also contribute to the stability of the exchange rate after taking the market enough time for the purpose of determine the real exchange rate.
Millionday: NOTE -- THEY BEGAN TO CALCULATE THE REAL EXCHANGE RATE IN MARCH AND DUE TO THE SUCCESS IN DAASH VICTORIES AND THE PRICE OF OIL RAISING ---
THE REAL EXCHANGE RATE WILL BE RELEASED IN THE COMING PERIOD
Millionday: NOTE -- THIS WOULD BE A REVALUE OF THE DINAR
Baxter1243: when they say return the rate against the dollar....?? more riddles... are they talking 1166 return to..or what?
Millionday: NO THEY ARE TALKING ABOUT THE TIME HAS BEEN TAKEN TO DETERMINE THE REAL EXHCNAGE RATE FOR THE DINAR AGAINST THE DOLLAR AND IT WILL BE RELEASED IN THE COMING PERIOD
Baxter1243: so.. when is the coming period?
Baxter1243: more riddles...
Millionday: THEY WERE ORDERED TO DO THE INTERNATIONAL EQUATION AND THIS SHOULD BE THE EXCHANGE RATE FROM THAT CALCULATION BECAUSE IT IS BEING EXPLAINED TO THE CITIZENS AS THE REAL EXCHANGE RATE -- NOT THE IMPOSED
RML: Do they technically have a legitimate "exchange rate" now? It's not tradable now, is it?
Millionday: NO IT IS NOT INTERNATIONALLY RECOGNIZED UNTIL THE REAL EXCHANGE RATE IS RELEASED -- THIS IS DUE TO THE GLOBAL ECONOMICS AND RULES FOR TRADE IN THE GLOBAL PRICING INDEX THAT GIVES FAIR TRADE TO ALL TRADING COUNTRIES -- (EQUAL PLAYING FIELD)
larrykn: they said in the above statement ( back to the exchange is close to the previous rates price ) are they talking about what it use to be?
Millionday: THEY ARE TALKING ABOUT IMO BACK TO WHAT IRAQ USED TO DO TRADE IN THE GLOBE WITH -- A REAL EXCHANGE RATE
Millionday: SALEH STATED A LONG TIME AGO WHEN HE WAS TALKING ABOUT THE GOAL OF THE ECONOMIC CONDITION THEY WERE WORKING TOWARD FOR IRAQ WOULD BRING THE DINAR EXCHANGE RATE BACK TO CLOSE TO WHAT IT WAS IN THE 80S
Millionday: IN THE 80S -- AND UNTIL THE IMPOSED RATE WAS PLACED IT WAS IN THE 3S –
BUT THEY ARE STATING THE REAL EXCHANGE RATE SO THAT HAS NOT BEEN RELEASED BUT IS CALCULATED THROUGH THE INTERNATIONAL EQUATION AND HAS A GLOBAL FORMULA
wmawhite: Technically,........there is no exchange rate established yet. There are buy and sell values among buyers........but no exchange rate yet.
Millionday: THE EXCHANGE RATE WE SEE THAT FILLS THE PLACE BEING HELD IS AN IMPOSED RATE THAT IS BASED ON NO CALCULATION AT ALL --- IT HAS NO BEARING ON IRAQ`S REAL EXCHANGE RATE
Millionday: REMEMBER THAT THERE ARE NO GAURANTEES GIVEN BY DINARUPDATES.COM OR ANY OF US THAT ARE HERE -- THIS IS A REPORT AND PER THE REPORT –
THEY ARE RELEASING THE REAL CALCULATED EXCHANGE RATE IN THE COMING PERIOD –
NOW WITH THE ORDERS THEY HAVE GOTTEN TO DO THE INTERNATIONAL EQUATION –
THIS IS OBVIOUSLY THE MOST EXCITING NEWS OF ALL THAT WE HAVE RECEIVED -- SMILE
RML: When it's on Forex screen( love those screens) it's internationally tradable
Millionday: WHEN IT IS LISTED ON CBI AS THE REAL EXCHANGE RATE AND IRAQ HAS MOVED TO A MARKET ECONOMY -- IT IS INTERNATIONALLY RECOGNIZED -- EXACTLY RML
larrykn: they were talking about the 50k notes =50 notes at $43 which would be .86 its hard to see which way they are going
Millionday: NOTE -- THE PEOPLE THAT ARE DOING THE CALCULATION ARE NOT DOING IT PROPERLY –
THERE IS ALOT MORE INTO THE INTERNATIONAL EQUATION THAN WHAT IS BEING APPLIED IN THAT CALCULATION AND THE RESULT IS NOT THE RIGHT ONE --
slh5282: Do you think all of the reforms that are being discussed will have to be complete prior to any rate change?
Millionday: THE REFORMS ARE ALL COMPLETE AND WRITTEN AND DONE –
THEY ARE NOT ACTIVATED IN THEIR ENTIRE FORM AND WILL BE ABLE TO BE JUST THAT WITH THE REAL RATE OF THE DINAR /US DOLLAR RELEASED ---
SO IT IS JUST A MATTER OF ITS ACTIVATION --NOTHING TO BE DONE WITH ANY OF THEM AT THIS POINT THAT CAN BE FOUND BY ME AT THIS POINT
bashley4: We does the coming period start and end
Millionday: THE COMING PERIOD BEGINS NOW AND ENDS WHEN THE NEXT COMING PERIOD BEGINS
Baxter1243: OK... one more question... if they are going to go back to the 3 dollar plus rate..then why the 50K note..or 50 note.... wouldnt that put that dinar note worth about 150 dollars?? if it was 86 cents...that would make it about 43 dollars
Millionday: NOTE --- THE 86 CENTS COMES FROM THE 00086 THAT THE RATE IS NOW AND ALL THAT WAS DONE BY PEOPLE THAT Are STATING THAT IS THE RATE IS THEY KNOCKED OFF THE THREE ZEROS –
THIS IS NOT -- I REPEAT NOT -- THE INTERNATIONAL EQUATION -- IT MAKES NO SENSE IN CALCULATING THE INTERNATIONAL TRADE RATE FOR THE DINAR --
Papatom: so do i read that paragraph correctly.... they will bring it back at the former rate and allow the market to bring it to the real rate?
Millionday: NO -- THEY ARE GOING TO RELEASE THE REAL RATE FOR THE DINAR IN THE COMING PERIOD -- THIS APPEARS TO BE THE INTERNATIONAL EQUATION RESULT FOR THE ACTUAL RATE FOR THE DINAR –
IT SAYS NOTHING ABOUT BEING AT A FLOAT OR FIXED OR ANYTHING IN BETWEEN -- JUST THAT THE REAL RATE WILL BE RELEASED
mrref1216: ANYBODY KNOW WHO DR. MAJID BAIDHANI IS?? FIRST TIME SEEING THIS NAME...
Millionday: THE economic academic Dr. Majid Baidhani
mrref1216: SURE WOULD BE NICE IF WE WOULD SEE SOME COMMENTS FROM THE CBI GOVERNOR
wmawhite: In response to Bax.............In order to get the purchasing value of the 50 note to $43.00 it will take a much greater increase in the value of the IQD outside of Iraq…..much more than just $0.86. IMO.......that factor is dramatic.
Millionday: LET ME SAY THIS MRREF --IN IRAQ THE CULTURE DIFFERENCES ARE MANY –
BUT ONE OF THEM THAT IS INGENIOUS IS THAT THEY USE THEIR EDUCATED PROFESSORS IN THE SUBJECTS THEY ARE EDUCATED IN FOR ADVICE AND HELP IN THE AREA OF EXPERTISE THEY HAVE –
THIS SHOULD BE A GLOBAL HABIT BUT IN IRAQ IT IS A WAY OF OPERATION -- SO THIS IS AN ECONOMIC EXPERT THAT HAS GIVEN HIS SERVICES IN THE HELP NEEDED IN THIS AREA
jarhead: when did u say the coming period starts and ends mam?
Millionday: THE COMING PERIOD STARTS NOW AND ENDS WHEN THE NEXT COMING PERIOD BEGINS
jarhead: and when is that mam
Millionday: IT STARTS NOW WITH NO DATE GIVEN OF WHEN IT ENDS
dwsdad: has Iraq gotten their credit rating yet?
Millionday: I HAVE BEEN LOOKING FOR THE UPDATE BUT THEY DO NOT UPDATE RIGHT AWAY -- SO NOT SURE YET AND HAVE BEEN RESEARCHING ALL DAY
bluedog: Not really a ?? but a statement. From what I've read Dr. Bhaidhani has been involved in the process for the past 10 year period, and hasn't been quoted much, but is an economic specialist working in conjunction with the CBI.
Millionday: EXACTLY -- AN ECONOMIC EXPERT -- THANK YOU FOR THAT INFORMATION -- THAT IS EVEN BETTER -- WHOOOPOW
Comments may be made at the end of Part 2 Thank You