Millionday Roundtable 1/22/14
[millionday] first we have the changes in cbi - just rates missing but we will look at it
[millionday] US dollar USD 1166.000 1164.000 Euro EUR 1577.132 1576.343 British pound GBP 1914.222 1913.265 Canadian dollar CAD ----- ----- Swiss franc CHF ----- ----- Swedish krona SEK ----- ----- Norwegian krone NOK ----- ----- Danish krone DKK ----- ----- Japanese yen JPY 11.163 11.158 Special Drawing Rights SDR 1783.584 1782.692 Indicative rates - 22.01.2014
[millionday] some of us were talking last night about the buying and selling rates of the usd
[millionday] with them set with 3 o`s -- and the report we read that the IQD is going to paired with the USD -- that is interesting
[dlherm] Millionday i notice also that it appears on the arabic side that there are no rates at all!
Read More Link On Right
[millionday] and the change we see in other rates that fluctuate against the dinar but the usd does not move -- we can tell that the calculation makes sense
[millionday] if we reach the conclusion that they are hooked to the data system
[millionday] dlherm i saw that too -- i would like to know what the Iraqi citizens think of that
[BGG] POPPY3 ~ THIS REPORT WAS SENT TO CONGRESS LAST MAY. IT PLAINLY SHOWS IN THIS REPORT THEY EXPECTED THE DINAR TO REVALUE AT AROUND A DOLLAR IN 2013.
[BGG] BGG ~ This is a screen shot from the “Special Inspector General for Iraq Reconstruction” – Apr 2012, quarterly report to Congress. For members of our Government to say they have no idea what is going on here – means they haven’t read some very basic documents presented them.
[millionday] we were just talking about the rates on cbi and how the usd is frozen but the others go with the market changes
[BGG] millionday - that is a little odd.
[dlherm] Millionday. The usd never fluctuates on cbi because the iqd is pegged to it. Others fluctuate all the time
[BGG] dlherm - I was under the impression it did - sometime back...
[millionday] dlherm right -- they are hooked to the data system and that is great news
[millionday] the usd holding place shows us that them holding it with 3 zeros that it would be for calculation purposes with the plan of removing the 3 zeros from the dinar
[millionday] i have to say that we research news and if we spent time trying to figure out how they will make this work -- we would never rest but it seems that it must be for programing purposes
[dlherm] Millionday. Because previously it only had 2 decimal points.
[millionday] i remember when shabibi put out the report a couple years ago of - the plan for the country economically and on page 14 and 15 it shows those rates as program rates
[millionday] yes and the three decimals is a good point
[dlherm] Bgg not on cbi site! I have seen it fluctuate on forex sites
[BGG] dlherm - that's what I was thinking...
[millionday] right i agree so with it frozen in time it is encouraging let me go get some more news brb
[millionday] here we go >>>> Profound political, economic, social and, above all, technological forces are transforming our lives, communities and institutions. Rapidly crossing geographic, gender and generational boundaries, they are shifting power from traditional hierarchies to networked hierarchies.
Yet the international community remains focused on crisis rather than strategically driven in the face of the trends, drivers and opportunities pushing global, regional and industry transformation.
[millionday] “The Reshaping of the World: Consequences for Society, Politics and Business” is therefore the thematic focus of the World Economic Forum Annual Meeting 2014. Our aim is to develop the insights, initiatives and actions necessary to respond to current and emerging challenges.
[millionday] let me find more info on what is going on with this conference brb
[millionday] hold on just a sec i am looking for anything that shows any changes we are looking for
[millionday] i dont see anything that is not about the changes in the global economy
[Richard Incrocci] MD...regarding elections, are they to begin on April 30 or are they to be concluded by that date?
[millionday] The decision of the House of Representatives MP Mohammed al-Khalidi said 'the House of Representatives will vote on the Unified Retirement Law during a session of the House of Representatives, which will be held next week'.
added Khalidi (of the Agency news) that 'the House of Representatives will be held next week's session to vote on the Unified Retirement Law after deduction of the points of contention about the law and the observance of the rights of university professors and judges. " said Khalidi that - See more at: http://www.ikhnews.com/i ··· 8Mi.dpuf
[millionday] 'the House of Representatives is keen to pass the Unified Retirement Law before the end of the duration of the legislative, indicating that the future meetings will also see the discussion of the Budget Law for the year 2014.'
and was a member of the Finance Committee Haitham al-Jubouri said earlier The next meeting could see the passage of the Unified Retirement after the observations made by the Finance Committee and the Legal Service Act, the university, which will be modified and returned to the House of Representatives for the purpose of approval of the law.
[millionday] that was sent to me -- so it looks like we have parliament dates for this week -- look at that reference -- they are keen
[BGG] I just finished working on an article in THE BLOG...
[BGG] Oil Minister: The Country’s need for the enactment of the oil and gas
millionday] i have that here too let me bring it in brb
[BGG] Oil Minister: The Country’s need for the enactment of the oil and gas
[BGG] Tomorrow’s Press / BAGHDAD: Oil Minister Abdul Karim said, Wednesday, that the current situation and the future of the country imposes a more necessary legislation in oil and gas law, which guarantees the conduct of the national wealth of the country. Laibi said to ”Tomorrow’s Press”: “The theme of the development of the provinces is positive and beneficial to all parties, but it requires us to speed up the enactment of the HCL as the guarantor of Iraq’s oil wealth,..
[BGG] http://www.dinarupdates. ··· om/blog/
[Richard Incrocci] Nice press piece
[Florida Country Girl] That sounds like a whoop whoop
[MichelleL] whats this about the Zimbabwe dollar being suspended indefinitely?
[BGG] a little generic - but, yes good.
[millionday] ok so lets get back to the report and bring the rest of the oil report
[millionday] brb with it smile
[millionday] Oil Minister Abdul Karim and coffee, Wednesday, that the current situation and the future of the country became imposes a more necessary legislation in oil and gas law, which guarantees the conduct of the national wealth of the country. said Laibi for "tomorrow Press",
"The theme of the development of the provinces is positive and beneficial to all parties, but it requires us to speed up the enactment of the oil and laurel guarantor of Iraq's oil wealth, which constitute more than 95% of the revenues of the Iraqi budget. "
He explained that he "discussed with the Minister of State for Provincial Affairs Torhan Mufti mechanics of calculating the earnings of petrodollars to the provinces developed a way that guarantees the rights of all ,
"noting that" there is a lot of time to arrange the paperwork and creating financial and administrative officer of this new provincial. "
and called for coffee the House of Representatives to a "to speed up the reading of the oil and Alghazoagherarh Due to its importance in the delineation of the relationship between the provinces and the federal government and the provinces with regard to the wealth of oil and gas for Iraq." .
[millionday] as we know the iraqis have set up a committee to monitor the oil and gas but this is also very interesting to see that they now want to race to get the law in place
Florida Country Girl] Whoop whoop
[millionday] they have also moved so many other resources in the right direction that we have to see a change in the amount of the oil input to the revenues
[dovi] that's what I'm talkin' bout!
[slh5282] Millionday, so this means they are moving to get HCL in place correct?
[millionday] the % of what makes the country`s budget will have less oil and more agriculture if they keep going as they are and also the tourism is being worked on as well ---
[Domino] millionday I like seeing them having more faith in the written law and constitution than a committee.
[millionday] used to many wanted to see that area on vacations etc -- due to the religious history
[millionday] Domino i agree we have seen enough arguing that for sure and that seems like a perfect recipe for that - the written law leaves no question
[Domino] millionday Just what I was thinking.
[millionday] slh5282 this means they are trying to anyway -- and also that they see the immediate need for it -- brb with more
[slh5282] millionday , ty
[awesomedtl] Md I just got in..... Did I miss any information on the delay of parliament not convening till28th of this month!? It just seems nothing is going to happen till this is unravels!?