Millionday Roundtable 3/7/14 Post By Rudie Part 1
Welcome to dinarupdates.com and Millionday Roundtable.
[millionday] now this is a title and look at what it means >>>>>>>>>>>
[millionday] They emphasized that the implementation of the project will facilitate the draw price policy now let me talk about just this for a sec
[millionday] the removal of the three zero currency and the redenomination -- will FORCE the new prices just because it does and will for the merchants etc --- the pricing will be the new in dinar we have discussed now lets look at the report – whoooopow
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[millionday] here we go -- lets read this with that in mind --- Experts: Delete the zeros from the dinar increases its strength against the dollar He said experts and specialists in regard to the financial implementation of the project to delete the zeros from the Iraqi dinar will increase the strength against the U.S. dollar,
in addition to facilitating the drawing political price in the country, as called for by clicking on the parliamentary committee the government «
[millionday] note -- the result is the raise of the dollar exchange rate -- smile
millionday] and again -- counterfeit currency is no excuse and so they move on
[millionday] To force it through the implementation of the constitutional provisions that allow the printing of a new currency, pointing to the country's exit from Chapter VII, and to achieve the balance of Iraq's 76 billion dollars in international banks catalysts to delete the zeros.
The decision of the Commission on Economy and Investment parliamentary Mahma Khalil said parking the government against the activation of the decision to delete three zeros from the Iraqi currency under the pretext of fear of counterfeit currency is not justified,
especially given that the regional climate is ripe after the withdrawal of Iraq from Chapter VII and raced international companies investment to invest in Iraq
[millionday] note -- the situation or 'climate' is ripe -- meaning it is ready now -- smile
[millionday] He added that there are measures legitimate as a means of pressure on a government to force it to retreat from its position, including resorting to constitutional provisions that allow the printing of a new currency and to address the weakness of the Iraqi dinar against the U.S. dollar as a necessity of economic urgency after the balance of Iraq's sovereign global banks 76 billion dollars.
For his part, said economic expert Majid picture that the Central Bank of Iraq in agreement with the Ministry of Finance presented the studies necessary for the process of deletion of zeros since 2008 and has taken all the measures relating to the restructuring of the Iraqi currency,
including the design of the currency and denominations and the quality of paper used her, who confirmed that it was the finest paper cash or stainless difficulty falsified.
[hstrymknwmn] That proves to me the printing has been done!
[millionday] note -- the central bank and the finance are in agreement and have made the currency as good as it can be -- now they are also discussing the new series they have announced that is coming later as well –
this will be after the removal of the three zeros and the lower denoms already done are released --- it has been designed as well and will be introduced and faded in as ours was
[millionday] hstrymknwmn exactly --this is what has happened and not the future as it seems to be written
[millionday] He added that the executive branch has decided to postpone the process of restructuring of the Iraqi currency, which led to the halt of all procedures related to the project,
explaining that the aim of the restructuring process is to reduce the cost of handling and facilitate transactions handled, especially medium and large as well as to facilitate the draw price policy in the country.
He stressed the need to accompany the process a package of measures distributed responsibility on all departments and state institutions and banks in order to develop solutions to the problems and obstacles that can arise during the process of restructuring, including cash,
and accounting, and security as well as take the necessary measures to destroy the currency received canceled.
[millionday] note -- they have prepared by training for the different departments to monitor and also deal with issues as they arise
[millionday] they have developed the burn process i guess you would call it as we have here to get rid of what they are not keeping we had a report on that a long time ago -- about a year ago
millionday] note -- another reflection on what they learned when it was done before as we saw brought up recently
[millionday] He pointed out that the experience of Iraq to replace the currency in 2003 was very rich, but did not exceed only change the shape of the currency and replace it,
so it did not need to accounting requirements or legal, calling for the need to educate departments, banks and citizens feasibility of restructuring the currency as well as the use of modern technologies to detect fraud,
also called to the non-interference of politicians and subjecting such decisions to Mazidat and political skirmishes, because it is not in the interest of monetary policy and the Iraqi economy.
[millionday] note -- meaning that before the financial took care of the financial and the politicians stayed out of it -- (best policy)
[millionday] Meanwhile, a financial expert, Thamer Alheimus that highlighted the benefits of the deletion of zeros is to create flexibility and ease of trading, and gave the example that in the case of activation of the decision will be coin values of small Kkhmsin fils or less,
and under that will highlight the prices between the fourth dinars and half dinars or less, and thus would be unlikely in a large increase in the value of the Iraqi dinar against the U.S. dollar in the case of Sir prudent monetary policy according to which it will contribute to the improvement of household incomes and low-income social strata.
[millionday] meaning that inside of iraq they will due to the pricing -- prefer the dinar and not the dollar due to the use of coins and the pricing being able to be les by dinar than the dollar
[millionday] the only way for someone to prefer the one currency over the other is for the one to get them more for their buck or in this case the dinar
[millionday] so they are planning on using the coin to make the prices less from the change of only the dinar
[watchman42] Time to get rid of the wheelbarrows
[millionday] this will minimize the gripe end of report and wow what a whopper smile
[awesomedtl] Just curious they keep saying they are ready...... But we have also just read articles indicating rate change after elections!????
[millionday] so they say they are ready -- love it -- i have not seen anything saying that they are waiting until april but we dont have a timeframe and that is part of the project -- no timeline
[Smokey Mtn. Dinar] awesomedtl That could just be Iraqi Smoke!
[awesomedtl] That's what I was thinking also Ty fingers crossed
[watchman42] Just need a swift kick in the behiny.
[millionday] they dont want to release the time and saying that it will wait until april is actually smart because there are many that only invest in currency and market changes as a living
[angus] WOW!!!!!!! What a way to open... :}
[millionday] giving an exact time would wipe them out
[anasdesign] It's considered inside trading at that point
[swan2013] No date and no rate for a reason.. can you imagine them releasing that, everyone would buy up dinar
millionday] see the beauty of this project is the human part put into it -- as we have all heard -- if it looks too good it must be ---
[swan2013] i asked for patience wow what a lesson lol
[millionday] lol brb with more -- loved that one !!
[millionday] here we go with the budget issue -- Najaf confirmed Imam F Najaf, Sadr al-Din Qabbanji, said Friday that the House of Representatives responsible for scrutiny and discussion of the budget and not ratified only,
while stressing the importance of not approving the budget immediate but takes Parliament and his time in the study seriously, expressed fears sale of electronic voter card.
He Qabbanji during Friday prayers in Husseiniya Fatimid major, and was attended by "tomorrow Press",
"The parliament and according to the constitution is responsible for monitoring and scrutiny paragraphs budget and not only ratified as not entitled to constitutional executive authorities to act on the budget before ratification by the House of Representatives," warning of "the risk of the introduction of the country in a new crisis."
[millionday] note -- they are stating that they can take their time and look it over very well to keep from putting the country into a problem state
[graylnjo] But today was the deadline
[Smokey Mtn. Dinar] graylnjo Iraqi doesn't know the meaning of the word "deadline"
[hstrymknwmn] You know how they are with deadlines ugh
[millionday] and called on all political blocs to "dialogue and to have the constitution is to judge them away from the controversies and threats," stressing "the need to approve the Almizana in the coming period."
explained Qabbanji that "the voter has a responsibility to determine is good for is elected in the next election so as not to regret later, "considering" selling the card electoral fraud and treason because of all the references have stated prohibiting the sale. "
On the other hand, stressed Qabbanji that "Bahrain is witnessing a shift serious after embarked on a legally incorporated the demonstrators among the list of terrorism "stressing that" This law represents a declaration of dictatorship and that the Bahraini government shut down on the same door of success in solving the crisis of the country. "
He Qabbanji regret for "asylum the government of Bahrain to this solution, which is very confiscation of freedoms and it had begun raids homes amid the screams of women and children," denouncing the "unfair this
[millionday] so they seem to want some of the issues to be voted on -- as we thought some to be used as is and others to be dealt with by vote and also huge meetings --
[millionday] but remember the monetary policy will effect the amounts through data entry as with everything else -- and they can operate as we have seen in our country without a budget complete --- smile brb with more looking for something for us brb
Comments may be made at the end of Part 2 Thank Y ou