Millionday News 7/11/14 Part 1
Welcome to dinarupdates.com for news time with Millionday!
[millionday] i have a lot of news for you and it is all good and draws a picture for us to where we are -- very good news - friday night used to be such a slack night for news but tonight is totally different
millionday] i want everyone to get what news we have and why it is so very exciting
[millionday] in fact it is the best we have had in a very long time imo WHOOOPOW
millionday] ok so its newstime and i am going to start with some that we had today so that you are up to speed as we move on to the new economic news
[millionday] here we go -- this is the announcement by CBI about the laws they have completed and also the changes that are being made and why
[millionday] Iraqi Central Bank announced on Thursday, for the use of the payments system for the settlement of the instruments between governmental institutions and banking, adding that the system would ensure the safety and efficiency of payment systems and clearing operations.
The bank said in a statement received "Alsumaria News" a copy of it, that "the aim of developing financial and banking sector in Iraq and reducing the phenomenon of pregnancy and the circulation of money, it has been taking a number of measures in the automation of processes settlement instruments and
[millionday] note -- this is the rest of the banking development needed for modern banking
[millionday] payment orders between governmental institutions and banks electronically through the payments system Iraqi network which uses safe and effective.
" The bank added that "the system will allow for the operation and management of the accounts of the settlement between the participants from which to ensure the safety and efficiency of payment systems and clearing operations."
[millionday] note -- this announcement is that the electronic banking is set up and ready for payments that have been agreed on for Iraq and other countries -- so this means it is hooked to the global banking and payment system through bank payments --- all electronically and advanced most in the world according to CBI
[millionday] The Bank noted that "the Ministry of Finance has adopted this system in obtaining dues from various institutions instead of instruments," pointing out that "it is considered a key step in the way of comprehensive mechanization of each financial transactions and means of performing the obligations in Iraq."
[millionday] note -- this means that making payments electronically to the countries they have made agreements with will be very easily found and noted through the data system by making electronic payments
[millionday] It is noteworthy that the Iraqi banks have not kept pace with developments in the work of international banks, and has been linked through the use of telephones and fax machines, and did not enter the Internet, but after 2004, and sought the central bank to develop the banks associated with it through the introduction of new technologies and linking banks globally automatically , to facilitate the process of transfer of funds to and from Iraq.
[millionday] notice that the announcement is that now money can be wired to and from Iraq through the globe with this automatic system that we are very accustomed to
[millionday] end of report WHOOOPOW - obviously they will be exchanging through this system
[millionday] now i brought this even though i brought it at roundtable so those that were not here are able to be up to date
[millionday] the next new news tonight will be easier to understand its huge huge meaning smile - this is very important and is to bring the system to a market system --- so we will read all of it
[millionday] Hashemi is promotion, which is one of the doors of marketing for the companies' products, of the key things that move the market in the country,
as it comes for the purpose of coordination between the efforts of the seller to establish outlets for information and to facilitate the sale of a commodity or service.
In this context, said economic expert, Dr. appearance Mohammed Saleh, said that the Iraqi people trust too much industry and national production because the industry in Iraq is built on a solid foundation represented by obtaining concessions from major international companies specialized in different fields and standard specifications.
[millionday] note -- this is talking about the training that have been given for marketing the products throughout the globe for globalization
[millionday] Saleh said in an interview (morning): The promotion is an important factor in the capitalist system to identify the products of different where the consumer Aastrae any commodity had not seen her declaration that in the media.
confirmed that this is a factor psychologically among the citizens so that has been associated with the promotion of goods closely linked to sales where fear the customer to buy any commodity did not pay attention to any announcement about regardless of price and origin.
Pointing out that the promotion also comes to discover the power of the market and demand for various goods and commodities.
millionday] note -- this is tomorrow`s news and is stating that marketing is the promotion of the Iraqi products to the globe and is very important so that market economy can be successful as they move to a market economy
[millionday] note -- this is helping them to understand the importance of the supply and demand that is the definition of a market economy
[millionday] , and pointed out that "the inclusion of joint stock companies in the stock market has an important role and enhances its financial status and represents Troyja itself, thus leading to the strengthening of the economy to produce national has a broad base of Iraqi consumers who have a recipe unparalleled in the world, confidence Besnaathm national.
" and explained that "there is no surplus in industrial production, but where there is a significant shortfall because manufacturing does not contribute to the GDP, but by 2 percent, while this proportion increased to 12 percent in previous years.
[millionday] note -- the stock market values that are gained by the demand of the Iraqi products on the isx and soon the emx is very important to the gain of their currency power as is calculated by partly the gdp of the country as well
[millionday] Noting that there are national companies characterized by its reputation of good in the market, and won the trust of the Iraqi consumer, experiencing strong competition in the market.
"And noted the benefit to" the existence of joint stock companies not listed on the stock exchange, adding that the country today need to achieve a revival in the economy is achieved in part the inclusion of these companies in the Iraqi market for securities because that will be part of its strength. "
[millionday] note -- Saleh is talking to the people of Iraq by stating that the listing on the isx will gain strength for the country by having the much demanded products listed on the isx for greater value for the country in the global market
[millionday] In the countries of the world innovates Advertisers latest ways to promote and publicize products different, and it seems that the last thing opened up talent corporate advertising and propaganda for ways to promote represents the introduction of slogans major global companies within the games puzzles ( Charades), which requires the joint game know the name of the company or what is produced and characterized it.
[millionday] note -- he is stating that a good way to look at advertising is as in the game charades -- as to explain their concept -- he is also saying how important advertising is internationally for all products and is very important for their value and their revenues across the world
[millionday] note --this has been seen in previous markets -- in various ways and there are many ways to be chosen from to advertise their own products
[millionday] contributes to the promotion, in the definition of a consumer product as well as provide information about the company and Item and abundance of brand and price and the uses of that commodity, and more importantly, he tempts the consumer impacts of certain psychological make it accept to buy or the acquisition of the product.
noted that a number of Iraqi companies a distinct production, especially that the local market is hungry to Iraqi production, especially after he proved labs and private companies ability to meet part of the need of the market and, in particular food.
millionday] this is to explain that the reason for advertising is to entice a person to want to try the product and this is very important for Iraq as their products are desired in the world market
[millionday] very important with the announcement of electronic abilities and laws in place to move to a market economy
[millionday] end of report smile WHOOOPOW
[lstar877] Is the dinar now tradable throughout the globe?
Topic: Look what's coming... DINAR Talk INFO Call w/BGG - July 11th - 8:30pm CST Click-N-Listen!!
[millionday] no -- it is not internationally recognized but will have to have a reality pricing index to hit the market or the prices will not be fair or doable in the market
[millionday] so in other words the pricing index will have to be appied to have international companies in there and manufacturing their products and also the prices that they already have in place –
they have franchises being brought in -- now if we think of that -- how would that work without a calculted reality rate in place before it hits the market ?
millionday] it would not hit the market through the internet -- e-commerce -- or the stocks without it being a fair trade --- we have a global system in place that applies to the value of each countries currency value
[millionday] that would also apply to any country that sells in the globe and is internationally recognized
[millionday] at the imposed rate they are at now they are holding it through tools and showing stability and the ability to not just hit high inflation or go into a recession but the price is an imposed one for their currency at 1166 ---- the rate that they will enter the globe at will be fairly calculated as all countries are so it is fair trade in the system
[millionday] this has also been brought up in roundtable about the WTO and the rules that have been announced by CBI -- as the paving of the way to a market economy and then to the wto
[coyoteTx] ?? Anytime soon? Like within 30 days, or less?
[millionday] coyoteTx they gave no time but it seems as though asking for marketing and announcing that they can trust that their products will succeed through advertising seems to be a show with the CBI laws they are stating with electronic banking to be not a long time or it would be a while imo before this would be needed as an expense