Millionday News 5/23/14 Part 2
Welcome To Friday Night News Time With Millionday!
[lstar877] This month? Or no timeline?
[millionday] they gave the timeline of when the country activates its monetary policy and the move to activate all the laws they have ready for a market economy
[lstar877] So maybe tonight!!! Thank you MD
[quicktolegit96] I must have missed it, just got in. What is the timeline in short?
[millionday] the wto says active when they activate all the laws they have completed for market economy and also activate the monetary policy
letsroll] To enter full membership to wto can Iraq have dual currency's active at the same time
[millionday] coolspot the taxation law is huge and extensive -- they have 7 free zones at this time -- according to hwat we got from yesterday news
[millionday] letsroll not dual rates --- a currency holds a value no matter where it is
[millionday] yes old and new can fade out as ours has
[sczin11] millionday just shows another law ready for implementation...tariff law that be
[jtank] supposed to be IQD solely
[quicktolegit96] Did you happen to find any relevance to what I sent you last night? TY
[millionday] sczin11 they have announced in the last couple days that it is ready nation wide in all aspects
[sczin11] millionday exactly- ty
[millionday] the nation has one currency -- the dinar -- it is CBI regulation and if on black market the change in the value meaning that the dinar buys more than the dollar -- will take it from the black market as well
[millionday] the price index will create that situation and also the value within the nation in all aspects of pay and benefits
[quicktolegit96] Did you happen to find any relevance to what I sent you last night? TY
[millionday] do you mean bretton woods ?
[quicktolegit96] well, that i suppose and what TLAR was talking about
letsroll] Ty got it, so usd is black market in iraq currently
[millionday] i think that the timeline has not been released and with what we just saw iraq will be in a hustle to get all of this complete -- the UN has demanded that they hurry and get the gov seated --- right away ---
i dont think the timeline can be guessed and i also believe that the move to a market economy being put out in the media and released to the citizens will add pressure --
[millionday] bretton woods was started in the 40`s for meetings for war torn countries and involves the world bank the imf and is to help them move forward -- i have done an entire report on it in the past but will pull something on it
lstar877] Do u personally feel they can get it together this month? Or more stuff to accomplish? Do u think they will seat government first? Or all unknown?
[lstar877] Sorry if I put u on the spot just wondering whats goin thru your mind
[millionday] the thing is about the wto --- they met in the end of march and the report came out in april about all of the requirements needed to gain active membership -- so now they have a representative that either is or was a UN official to negotiate the entry to active membership –
so we should see some resolve in a hurry due to the reasons they gave here and what it will cause to happen without their help and monitoring etc
[millionday] lstar877 i dont have ink on this -- so i would have to say unknown
[millionday] the timeline has been given by CBI as that we are in the middle of the process now and my thoughts on it would be that the beginning of the process to enter the global trade market -- the first step is a reality rate --
[millionday] here we go -- An official source announced by the Liberal bloc in Najaf that the Secretariat of the bloc agreed with the National Coalition for the formation of joint committees to communicate with other blocs on forming the next government.
The source told ((eighth day)), "The Deputy Secretary General of the Liberal bloc Sheikh Walid Alkrimoa led a delegation met late last night with Dr. Ayad Allawi, head of a coalition of national and a delegation from the coalition and the exchange in which the outcome of the results of parliamentary elections.
millionday] The political source "that addressed the issue of political parties and benefits the next stage, especially on the formation of the next government."
The source pointed out that the parties had agreed to form joint committees to communicate and consult with other political blocs within the framework of the national project on which to form a strong government able to solve the crises and the provision of services and the achievement of security and economic stability of the Iraqi state. "According to the source's political bloc.
[millionday] so it seems that all are joining together and the next government will be a surprise --- and will be a strong one according to this but the goal at hand is economic stability -- the same as ours and the citizens of iraq -- very nice brb with more -- whooop whoop
[millionday] here we go
[millionday] On Tuesday, 27th May, a session on ‘Bilateral Trade with Iraq’ will be held with the participation of Ambassador of Iraq, Kahtan Al Janabi as special guest speaker.
The session organized by the National Chamber of Commerce will be held from 3 PM to 4.30 PM at the Chamber Auditorium, No. 450, D. R. Wijewardene Mawatha, Colombo 10.
The Ambassador will be assisted by Dr Ali Al-Kuhlee, Asst. Commercial Attache. They will speak on the current business trend, trade potential,
millionday] opportunities for export, import, investment/ and other services available in Iraq for Sri Lankans. There will be an opportunity for the participants to meet the Ambassador and representatives from the embassy and get first hand information on the relevant areas.
According to the Department of Commerce, the value of total trade between the two countries that stood at US $ 8.72 million in 2003 topped US $ 89.99 million in 2013. Iraq has lifted a ban on coconut fiber pith exports from Sri Lanka and has also agreed to relax restrictions on Ceylon Tea, according to the Ministry of Industry and Commerce.
[millionday] Goods, totaling US $ 89.80 million to be exported by Sri Lanka to Iraq and imported only goods worth US $ 0.19 million from Iraq during 2013.
Tea has been a major export item to Iraq accounting for about 95 percent of Sri Lanka’s exports to Iraq, with an estimated 15,000MT of Ceylon tea being exported.
The Iraqi Ambassador encouraged Sri Lankan trained medical personnel to work in Iraq, such as anesthetists, nurses, and physicians. According to a statement, Iraqi State Trading Corporation had expressed willingness to buy certain items from Sri Lanka including rubber tyres, stationary, electrical cables, generators and accessories, apparel and textiles, household appliances, toys, foodstuff, and covering for trailers.
[millionday] so as we see -- necessities are not the only thing on the table – hmmm - huge trade conference once again and we love it love it we can call it progress if we want to
[millionday] and here we go with the French -- Met the President of Kurdistan, Massoud Barzani, as part of his European tour with French President Francois Hollande. and the two sides discussed bilateral relations and the security situation in Iraq and the electoral process.
According to the French presidency on its official website that Hollande told the president of the region fears France about the deterioration of security in Iraq, He also expressed support for the formation of a government of national reconciliation in Iraq,
calling for the spirit of unity that allows the representation of all components of the people are just in the executive authority to deal with the challenges faced by the country.
[millionday] also confirmed Hollande France's readiness to strengthen its relations with the Kurdistan region. was the President of Kurdistan Massoud Barzani began on Wednesday, 05/21/2014, accompanied by a government delegation European tour that includes a visit to France, Italy and the Vatican.
According to the presidency of the Kurdistan region in a statement then, that the President of Kurdistan, Massoud Barzani will meet during his visit to France, the French President, Francois Hollande, and senior French officials . and Italy
[millionday] statement added presidency of the Kurdistan region, said the head of the Kurdistan region will meet during his visit to the Vatican His Holiness Pope Francis the first to discuss the political situation in general in the region, especially in the Kurdistan region, and then meet with senior Italian officials.
coolspot] Watch the Kurds!!
[millionday] they sure are spreading themselves around with their new found selves it seems -- very interesting to watch to say the least -- looks like more progress !! --oh yes watch them roll