Millionday Roundtable 6/19/15 Part 1 of 2
Welcome to dinarupdates.com for Roundtable with Millionday!!
Millionday: Governor of the Central Bank take on the Keywords, Thursday, that the decision to cancel the duties and taxes will reduce the dollar exchange rate significantly, confirming the approval of the crisis cell on the Bank's proposal to delete the custom duty and tax on the purchase of the dollar.
Millionday: NOTE -- THIS IS TALKING ABOUT THE CHANGING EXCHANGE RATE AND THE NEED TO USE ECONOMIC TOOLS AND DECISIONS TO NOT ALLOW A HUGE PARALLEL RATE
Millionday: Keywords and he said in a press statement Agency / information /, received a copy of it, that "the economic crisis cell headed by Prime Minister Haider al-Abadi agreed to the proposal of the Central Bank of Iraq delete custom duty and tax imposed on the purchase of the dollar, amounting to 8%."
Keywords and added that "the decision to cancel the fees, taxes and other measures will reduce the dollar exchange rate significantly.
Millionday: NOTE -- THEY ARE TRYING TO HELP THINGS BEFORE THEY GET OUT OF HAND AND CRISIS IS AN ISSUE
Millionday: The prime minister Haider al-Abadi stressed on Thursday the need to maintain the dinar exchange rate against the dollar in the domestic market and the prosecution of any disorder not accompanied by objective conditions factors, as approved by the crisis cell under his chairmanship on the proposal of the Central Bank delete 8%, which represents income tax and customs-added of remittances.
Millionday: SO DONT THINK THIS IS A SETBACK -- IT IS A TOOL TO MAINTAIN AS THEY REACH THEIR GOALS --PER CRISIS CELL
Millionday: THIS IS GREAT NEWS
Millionday: NOTE -- THIS IS A REPORT TO SHOW YOU WHY THE LAST REPORT MAKES SENSE -- SMILE
Millionday: The governor of the Iraqi Central Bank on the Keywords, on Friday, that there are attempts to weaken the Iraqi dinar, and while noting that the foreign currency reserves in the Central Bank is twice the size of the Iraqi dinar in the market, confirmed the arrival of the inflation rate to less than 2%.
Keywords and said in a statement received (range Press), a copy of it, that "the past few days have proved that there are attempts to weaken the Iraqi dinar,
as well as attempts by speculators fool hard facts that have failed and will develop to fail at any time," adding, that "foreign currency reserves the central bank is twice the size of the Iraqi dinar in the market. "
Millionday: NOTE -- THAT IS A GREAT INFLATIONARY RATE
Millionday: NOTE -- OBVIOUSLY THEY ARE COUNTERACTING ANY NEGATIVE INFLUENCE
Millionday: Keywords and added, that "there is a progressive increase in the production and prices of oil in Iraq," noting that "the inflation rate amounted to less than 2% of what makes the strength of the local to our currency."
Keywords explained, "and no direct support from the International Monetary Fund and the World Bank and the Islamic Development Bank to overcome the oil price shock," pointing to "almost daily coordination between monetary and fiscal policy for the first time."
Millionday: NOTE -- THEY ARE PRAISING THE JOB DONE BY THE DAILY COORDINATION BETWEEN MONETARY AND FISCAL POLICY
Millionday: He pointed Keywords, to "low consumer government spending dramatically," stressing that "there are indications and the facts confirm the defeat of terrorism in the near future."
The Prime Minister Haider al-Abadi stressed, on Thursday (the eighteenth of June 2015) on the need to follow up and address any problematic novel about the dinar exchange rate against the dollar in the local markets, as approved crisis cell on the proposal of the Central Bank delete the amounts added on remittances, stressed the need commitment to the oil agreement with Erbil.
Millionday: NOTE -- DEFEAT OF TERRORISM IN THE NEAR FUTURE
Millionday: NOTE -- ALL ABOUT THE FUTURE AS APPROVED BY THE CRISIS CELL THAT WE READ WAS FORMED BUT HAVE NOT HEARD ALOT FROM
Millionday: The Central Bank of Iraq, announced on Thursday (the eighteenth of June 2015), sold for $ 203 million to applicants in the currency auction, as he emphasized the need to cover the market.
Economists attributed, in the (16 June 2015), the high dollar exchange rate against the dinar to the floundering economic policy, and the neglect of the productive sector,
while the Parliamentary Finance Committee confirmed that the concerned state has taken action to support the value of the dinar, which increase the width of the dollar in the market Package and acceptance of all purchase orders submitted by traders and banking companies and banks, and the abolition of tax deposit and customs that were collected in advance by eight percent.
Millionday: NOTE -- PARLIAMENT FINANCE COMMITTEE CONFIRMED THE ACTION THAT HAS BEEN TAKEN TO SUPPORT THE VALUE OF THE DINAR
Millionday: Finance Committee in the Iraqi Council of Representatives promised, on Monday (the fifteenth of June 2015), that many of the question marks are raised on the outcome of the Iraqi Central Bank action to stop the deterioration of the value of the dinar against the dollar,
while the economic and investment commission parliamentary felt that many of the economic crisis solution is to amend the law so as to ensure the bank's independence from the government,
and carry Bankers "abuse" the central bank responsibility for a stronger dollar, despite the latter denied this and accused them of responsibility and speculators, and vowing action "deterrent"
Millionday: NOTE --- DETERRENT ACTION HAS BEEN VOWED BY CBI IN THE FALL OF THE DINAR VALUE/ECONOMIC POSITION
Millionday: The Central Bank of Iraq, decided Tuesday (June 16, 2015), considered Saturday formally durable, banks to meet the need of the currency, noting that it reduced the duration of the special deposit amounts from ten to five days.
And it saw the dollar exchange rate steady rise in the local markets, from about 1200 dinars to the dollar, the beginning of the current 2015 to 1400 dinars currently
Millionday: SO AS WE SEE -- THEY ARE WORKING ON THE ECONOMIC CONDITION WITH MANY STEPS -- SO OBVIOUSLY THIS IS ENCOURAGING
billionaire: If the daily coordination between the fiscal and monetary policy is so good, why would Shabibi tell the world that the GOI and CBI are not in sync? And if the inflationary rate is REALLY 2%, why is everyone scrambling to these emergency meetings to bring the exchange rate down from 1400 to 1. These are things that make no logical sense to me. Sounds like the land of babel.
Millionday: MY OPINION IS THE ACTION BEING TAKEN AND STEPS ARE WORKING TOWARD THIS VERY PROBLEM -- THE NOT IN SYNC IS TRUE -- THE STEPS WE JUST READ ABOUT ARE FOR THE ACTION TO RESOLVE THE ISSUE -- THAT IS THE ENCOURAGING PART IMO
Millionday: Governor of the Central Bank of Iraq on the Keywords held on Saturday held a press conference to explain the rise in the dollar rate against the local currency.
An informed source told all of Iraq [where] that "the conference will be held in the Central Bank of the object building in Jadriya against the Babylon Hotel ten o'clock in the morning in the presence of the President of the Association of private banks for the purpose of clarifying rising dollar against the local currency as well as so special government measures".
Millionday: NOTE -- HUGE PRESS CONFERENCE TOMORROW MORNING ABOUT THE ISSUES GOING ON WITH THE DINAR AND THE DOLLAR
Millionday: saw prices dollar exchange in front of the dinar in local markets since Thursday, a significant decline, reaching about 1300 dinars to the dollar [130 000 dinars per hundred dollars] after he was before the days of 1500 dinars to the dollar [150 000 dinars for one hundred dollars.
He assured the Prime Minister Haider al-Abadi Wednesday the last of a case apprehensive about the exchange rate of the Iraqi dinar compared to the US dollar
Millionday: NOTE -- OBVIOUSLY MEETINGS ARE GOING ON
Millionday: saying "we will strike manipulators prices dollar with an iron fist," noting that "there is speculation and manipulation by corrupt and who want to influence the economic conditions and manipulation Bakot Iraqi people."
The Prime Minister Haider al-Abadi Wednesday chaired a meeting of the crisis cell has been studied in which the economic and financial situation and stressed during the meeting the need to maintain the dinar exchange rate against the dollar in local market.
Millionday: SO--- INFO WILL BE GIVEN IN PRESS CONFERENCE TOMORROW WE WILL BE LOOKING AT NO DOUBT
Comments may be made at the end of Part 2 thank You