[millionday] they mean complete changes done -- they have huge plans for banking in iraq -- that does not mean that they will not have a reality economy by then by any means ---
[clay] ok ty appreciate ya
[millionday] they expect to have all of their banks built and added etc by the end of the year -- some have not filed to be on the market etc
[millionday] yw all the time
[millionday] kevin311312 they are not selling it on the market outside the country yet -- their currency is not internationally listed yet
[kevin311312] ok thanks MD
Read More Link On Right
[millionday] they have not set a reality rate but the iraqis are working and investing in the market
[andrewjwhitted] Are they selling gold for usd or dinars?
[millionday] they stated yesterday that their goal when they hit the open market is to do all business in dinar
[kevin311312] http://www.goldpricerate ··· iraq.php
[tourman] these Iraqi's that are investing cannot be the common Iraqi, are they not broke and using tattered Dinar and U.S. Dollars?
[millionday] i need to call a friend of mine and get an update on their isx and see where we stand to tell you the truth -- i am not a stock market broker -- and dont want to say the wrong thing with what they have listed etc -- they have not however moved to an international market -- i am very interested in the asia cell info though
[millionday] tourman some are working as developers and engineers and leaders – etc - some people there are government officials and have money --- etc etc -- we know how that works from our own
[DBJJ] millionday They seemed to be in a hurry and now have adjourned parliament until 2.11.14 They didn't bring up the budget today, as originally scheduled. Thoughts?
[millionday] they had a closed door meeting with najafi and that was all that was reported that they came to an agreement and are happy they will have to have it on the agenda
[millionday] but countries have been known to not have the entire budget done and operate anyway -- we will have to follow the ink and see
[DBJJ] millionday Just seem to continue to delay and concerned the people will be livid. They approve pensions, then look like they're not dealing with what the people need.
[millionday] i dont think the budget will hold up the reality of the economy --- that is my opinion ---- many share it and some dont -- we will have to see who is right when this comes out at a reality rate
[DBJJ] millionday Hoping it's you!
[millionday] DBJJ they seem to be working on or at least claiming to deal with only the people`s issues --- government -- hmmm --- sometimes they can be a thorn to us all
[millionday] DBJJ me too!! i dont see it holding up the activation of the economic or monetary reality
[millionday] we even have differences of opinion on here -- but that is ok -- that is what makes us all human and we all have an opinion so we shall see - smile brb -- going to bring what i had last night
[millionday] this is one >>. and this excited me very much>>>>>> manager called the International Center for Consulting and studies to the need to reconsider and review and amend the Banking Act,
leading to the liberation from the constraints in order to be launched towards strengthening the capacity of the national economy and rise to the level of performance and giving banks advanced in the world.
Said Tawfiq inhibitor "morning" Iraq is a Middle Eastern countries which he was banking activity government and private were foreign banks with branches in Iraq,
but a law passed in 1964 under the banks and make it a state monopoly and canceled the role of the private sector,
which has had a significant impact to leave Iraqi bankers and raise their hand since then until now. inhibitor pointed out that the decisions issued became the one hand,
a state which reflected negatively on the reality of Iraqi banks, pointing out that he can not be that there will be investment in the world unless there is a free banking system.
[millionday] so the only way to move to the globe is through banking to start with and their currency -- glad we have some – smile - brb with the one that talks about us
[millionday] we will read the whole thing without the ball game on but the end is where they bring up our investing
[millionday] Hashemi witnessing the domestic market since the eighties and nineties of the last century a decline in confidence in dinars and replacing it in most business dealings internal and external dollars are devoted to the continued existence of this case among the citizens. ,
and has contributed to this phenomenon is the emergence of the parallel market, which dropped Btatheradtha on the economy through the emergence of dual currency stand out in the business dealings small interior dinar is purchased materials and goods markets,
while the purchase of cars and electrical appliances, the completion of transactions major business in dollars, is no reason to put an end to this phenomenon and processed in order to serve the economy.
[millionday] note -- stating that dinars were used for small purchases and dollars for large in the past couple of centuries
[millionday] economic expert, Dr. appearance of Mohammed Saleh called in this context to take measures to reduce dollarization, (which means giving priority to dealing in dollars to deal with the rest of currencies or gold),
and to raise the value of the dinar because it is covered with cash reserve is excellent. Saleh said in a statement (morning) that the phenomenon of mistrust Baaltaaml interior of the dinar came Ketbat conditions experienced by Iraq in the eighties and nineties of the last century,
is reason now to take measures, including preventing any business dealings internal to the dollar and restrict external transactions such as travel, treatment,
[millionday] note -- the addition and change of only dealing with dinar --- and to raise the value of the dinar because it is covered now by reserve and they are ready
[millionday] and other than that required to buy the dollar. stressed that this measure would reduce the impact of the gray market and double the currency in Iraq,
where the dealings small among citizens are dinars while we see that commercial transactions and sale of cars and appliances are made in dollars, noting that this case is dedicated continuing lack of confidence in the local currency.
[millionday] using the dollar due to the lack of doing business in dinar has effected the confidence in the dinar but now they are going to move to use the dinar to regain that confidence
[millionday] noted economic expert to the need to strengthen the confidence in dinars because he covered cash reserve Excellent gold and foreign currency, as the the current stage requires the reduction of dollarization interior and make the public trust in the national currency,
which could be backed up cash in other banks, pointing out that he does not mind it, provided, however, that Iraq is witnessing stable policies that continue to cash reserves to rise.
[millionday] so they are expecting that even the reserves will rise and the dinar will be covered to use as the entire cash system
[millionday] pointed to the importance of a trade with neighboring countries in Iraqi dinars instead of the dollar gives a greater incentive to boost the confidence of the Pacific Regional also in local currency,
noting the possibility of taking this action and educate traders of the importance of dealing in local currency and the reflection of this on the economy of Iraq as a whole.
[millionday] so obviously for iraq they have to move to only using dinar and that will also be the move you see before they set the rates to a reality rate
[millionday] now this next part tells about the investors on the market investing in the dinar
[millionday] >>>>>>>>>>>>>>>>>>>>>>referred to the existence of Iqbal foreign investors abroad to buy dinar Iraqi of global financial markets, where they hope that the rising value in the near future as he returned to the circulation of a new global financial markets to cover cash reserve exceeded 80 billion dollars through increased oil production and higher GNP
Iraq provided significant support for BD enabled him to engage in global financial markets for trading.
[million>>>>>>>>>>>>>>>>>>>>>>>>>>>>was an American economist Website has commenced trading dinar years ago, along with other world currencies,
defined as currency trading company registered with the State Department and the Treasury Department, and money for business services.
millionday] see -- they announced that the company we use on line is registered with the state department and treasury department waiting for the dinar to raise in value smile
[millionday] its nice to finally be noticed lol
[tkb] Whoop whoop
[millionday] maybe they will feel sorry for us and hurry up
[millionday] that was saleh
tbob] I love the company we use!!! whooop whoooop!!
[millionday] i do too -- such nice people -- i like doing business with anyone that holds their word like its valuable -- smile
[millionday] so there is great news just stating that they are ironing out the kinks
[Richard Incrocci] Agree with millionday
[millionday] so dont let anyone bring you down -- dont ride the rollercoaster and we will follow the ink ---
[kevin311312] can we invest in the ISX
[millionday] but all the negative nellies --- just ignore them -- they will want to party with ya when this happens
[millionday] i am going to make a call to find out today
[Fishheads] millionday i thought we had moved to the ferris wheel.*
[millionday] merry go round only lol
[millionday] i will try to get through -- mondays is so hard to get professionals on the phone and of course we have to respect that but i will try hun
[millionday] it seems we are just waiting for the banks to get all the kinks out and they are on a roll so i am excited about where we are ---
[millionday] thank you rudie -- we will see all of you at news time at 730 est -- please read the blog and the forum -- it is loaded with lots of work our mods have done today and all of you too
[msidaho] That article you brought in about the WTO training they are doing in March. Is that training because they will have been accepted into the WTO or preparing them to enter??
[BGG] but I was thinking (over the weekend) and talking to some folks
[millionday] msidaho they said they are planning on being active members this month -- they said next last month so we shall see if they get it all done for that to happen but they are rolling so it looks good with the market and the need of the globe as well
[BGG] it would not surprise me for Maliki to hold this thing until late in this current election cycle...
[millionday] BGG BGG BGG BGG hello hun
[msidaho] That's what I was thinking as well
[BGG] and "pull the trigger" very close to the elections...
[millionday] i think he wants to be known as the one that made it happen -- but we shall see
[rrajewski] Doesn't the CBI alone control the exchange rate?
[Fishheads] BGG How can that help him to gain support?
[millionday] either way --- i am ready in march and feb
[millionday] elections are april
[tbob] millionday* *and now!!!*
[BGG] to try and stir up some controversy and take credit right before the elections - not allowing his opposition any time to counter.
[rod86018] we have no control of when it happens, am just very happy to be part of the ride.
[buck] well some say there are external powers running this and others say it is all up to M, i guess we shall see soon enough
[millionday] so either way bring it on