Millionday News 1/16/15
Welcome to dinarupdates.com for News time with Millionday!
Millionday: THIS IS WHAT IS RUNNING ON ISX >>>>Sorry for the lack of updated prices during the session and that the presence of some reforms in the service prices.
Millionday: THEY OBVIOUSLY ARE MAKING SOME CHANGES PER ANNOUNCEMENT THAT THEY ARE MAKING SOME -- SMILE
Millionday: I LIKE THAT IT SAYS REFORMS -- SMILE
Millionday: I AGREE – WOW SMILE
Millionday: Last month Barcelona-based economics consultancy FocusEconomics launched an interesting new product—a survey of professional forecasters for the Middle East and North Africa (MENA) region. The section on the Iraqi economy is particularly useful given the lack of attention this subject normally receives.
It includes consensus projections for 25 macro variables going out to 2019 along with numbers from each contributor for this year and next.
All but two of the ten participants in the Iraq survey expect faster GDP growth this year. The consensus forecast calls for 3.5% growth in 2015, following a mere 0.1% for 2014, with a return to 5%+ growth rates in the 2016-2019 time fram
Millionday: NOTE -- THE GDP (GROSS DOMESTIC PRODUCT) IS CALCULATED TO HAVE A HUGE REBOUND FOR THIS YEAR IN IRAQ
Millionday: This recovery scenario is plausible for three reasons. First, Parliament is now expected to pass a federal government budget for the first time in well over a year.
While the recent fall in oil prices has imposed new constraints on spending, restarting projects that had been halted during last year’s budget impasse is bound to provide a significant economic stimulus.
Second, progress in the fight against ISIS is also likely. This will not only have a positive effect on business sentiment but may also help to stimulate domestic and international trade by making truck travel safer on the major highways heading north and west of Baghdad.
Millionday: NOTE -- TWO OUT OF THREE REASONS ARE OBVIOUSLY AROUND THE CORNER-- THE PASSING BUDGET-THE ENDING OF ISIS AND THIER HOLD ON THE COUNTRY
Millionday: Finally, oil exports continue to grow despite the security situation. December shipments reached 2.94 mn barrels per day (bpd), a level last seen in 1980. A further increase to 3.2 mn bpd is expected this year—a 31% increase over the 2014 average of 2.45 mn bpd that will partially mitigate this month’s price collapse.
The FocusEconomics panel’s call for a GDP rebound in 2015 is a good one. Increased government spending, improved security, and higher oil exports should make this a year of recovery for the Iraqi economy.
Millionday: WHOOOPOW --- GOD BLESS IRAQ AND THEIR ECONOMIC RECOVERY -- MAY 2015 BE THE YEAR FOR THAT RECOVERY AS STATED HERE
MH_Countryboy: MD wasnt there also an article that S korea was also investing in Iraq
Millionday: I HAVE SEEN SO MANY IN THE LAST WEEK -- I HAVE TO SAY I AM NOT POSITIVE AND DONT HAVE THE INK IN FRONT OF ME BUT WOW HAVE THERE BEEN A LOAD OF MANY COUNTRIES--
I WOULD SAY YES I REMEMBER BUT DONT HAVE IT IN INK YET
Millionday: I WILL KEEP LOOKING FOR IT
TONYV: Can you elaborate on the swiss franc /Euro de-peg as it relates to the dinar situation.
Millionday: THERE ARE MANY CURRENCY CHANGES THAT ARE TAKING PLACE INCLUDING MANY COUNTRIES
Millionday: SWITZERLAND ANNOUNCED IN ONE OF THEIR RELEASES THAT NEXT WEEK IS GOING TO HAVE A HUGE CURRENCY CHANGE OR SOEMTHING TO THAT EFFECT
Millionday: I HAVE TO FIND THE INK ON IT TO SHOW YOU HOWEVER BECAUSE I LIKE INK AND NOT JUST SUMMARIES
Millionday: THE THING IS THAT THE SDR AND THE MAJOR CURRENCIES ARE USED FOR CALCUALTION IN WORLD ECONOMICS FOR VALUE OF CURRENCY
Millionday: SO THIS IS OF COURSE VERY INTERESTING TO THE BOOK NERDS AND MARKET SPECIALISTS
TONYV: Thank you MD. I wonder if it's dinar related or euro related. The ECB may start a QE process similar to the USA QE. I'm not sure what the trigger is....
Millionday: I AM NOT A LICENSED ADVISOR SO I WILL FIND ALL I CAN TO SHOW YOU ALL TONIGHT IN INK THAT IS OUT THERE IN REPORTS
TONYV: Yes, MD. I appreciate the info....
Millionday: THE THING IS THAT THE BASKET OF CURRENCIES EFFECTS THE CALCULATED VALUES OF ALL COUNTRIES
Millionday: HERE COMES SOME INK ON THIS
Millionday: The World Price Index (WPI) measures the value of an urban selection of goods and services at purchasing power parity (PPP), reflecting the real purchasing power of different nations, allowing for rapid and accurate international price comparisons.
Under/Over valuation data is based on the difference between the exchange rate value of a currency and that of the US Dollar in relation to the World Price Index calculated exchange rate.
Millionday: The Euro
In January, the PPP values of the main member countries of the Eurozone fell sharply. The value of the German Euro crossed the line from close to parity with the US$, an overvaluation of 1.1% in December to an undervaluation of 4.6% this month.
The World Price Index (WPI) German Euro’s PPP value is 0.80 to the US$ compared to a nominal exchange rate value of 0.84
Millionday: NOTE -- ADJUSTMENTS THROUGH THE REALITY CALCULATION MAY SEEM SMALL BUT THAT IS NOT -- AND TO SEE CURRENCY OFF THAT IS SUCH A HUGE PLAYER IN THE MARKET –
IT OBVIOUSLY COULD ALSO HURT WITH JUST PANIC ALONE
Millionday: The Italian Euro also fell over the month significantly from an overvaluation of 12.6% to 3.3% in January. The French Euro fell by 7.4%, but it still remains stubbornly overvalued at 18.1% against the US Dollar. The WPI PPP value of the Euro in France, based on internal prices in the country is 0.99 to the dollar compared to a nominal exchange rate of 0.84.
Millionday: NOTE -- I AM BRINGING SOME INFO ON WHAT I WAS TALKING ABOUT AND I ALSO HAVE SOME GREAT INFO WITH IT ON HOW THEY WILL NEED TO CALCULATE REALITY FOR THE DINAR THROUGH WORLD ECONOMICS
Millionday: The challenge facing the European Central Bank (ECB) this year is to ease monetary policy in order to inflate the European economy while maintaining internal stability within and between member countries.
The ECB, which has been following a low interest rate policy for some time, is due to decide on whether or not to undertake a project of quantitative easing at its meeting on January 22
Millionday: NOTE -- AS WE ALL KNOW THE US DOLLAR --AND THE EURO NEEDS NO EXPLANATION OF HOW IMPORTANT THEY ARE TO THE GLOBAL MARKET WITH THE MASSIVE IMPACT IN TRADE FOR ALL AND THE WTO OF COURSE ETC
Millionday: NOTE -- THE MEETING IS THE 22ND OF THIS MONTH AND ALSO THE MEETING WITH THE US IN WASHINGTON IS THE 18TH WITH IRAQ
Millionday: If it decides on a major sovereign bond buying programme at the meeting the Euro will continue its fall relative to the dollar, but the fall in the PPP value of the French Euro will have to continue at a faster pace to prevent instability and rising real debt in that country.
Millionday: NOTE -- VERY INTERESTING TO MANY INCLUDING ME THAT THEY WILL BE USING A BOND BUYING PROGRAM -- HMMMMM -- LOVE WHEN INK ANSWERS ??? SMILE
Millionday: NOTE -- HERE COMES SOME VERY IMPORTANT INFORMATION THAT I SAID I WOULD BRING
Millionday: THIS IS A SHORT EXPLANATION OF HOW THE MARKET WORKS ETC
Millionday: The World Price Index is based on original data collected by World Economics. The index is in its beta release phase where adjustments to the methodology may be made in the future.
The World Price Index is released during the second working week of each month.
Latest month market exchange rates are calculated as an average of daily rates
Millionday: The World Economics World Price Index is designed to provide a timely and practical solution to the problems posed by international comparisons.
It is intended for companies that transact across countries and currencies, for governments and for international non-governmental institutions.
The key difference between the World Price Index and other international PPP comparisons is the timeliness of the data. WPI figures are released the same month they are collected. This means WPI data is the most up-to-date exchange rate adjustment mechanism available.
Millionday: NOTE -- THE WORLD PRICE INDEX SHOWS A MORE ACCURATE AND REGULAR FIGURE (NO PUN) CHANGE THE QUICKEST
Millionday: Currently our primary research objective is to encourage and assist the development of better and faster measures of economic activity. In cases where we believe we can contribute directly, as opposed to through highlighting the work of others, we are producing our own measures of economic activity.
Our work is mainly of interest to investors, organisations and individuals in the financial sector and to significant corporations with global operations, as well as governments and academic economists.
The World Price Index has been developed by World Economics, a leading provider of original economic data and comment. Sister products include the World Economics Journal, the Sales Managers’ Indexes, the Global Marketing Index, and the Country Growth Monitors.
Millionday: NOTE -- THE MOST IMPORTANT PRODUCT OF ANY COUNTRY IS THEIR CURRENCY OBVIOUSLY
Millionday: NOTE -- THE COMPARISON THEY ARE TALKING ABOUT OBVIOUSLY DOES NOT TAKE INTO ACCOUNT COSTS SO IT WOULD END UP BEING A COMPARISON MODEL WHEN FINDING OUT HOW TO CALCULATE OR HOW THEY CALCULATE THE PURCHASING POWER OF THE DINAR –
NO DOUBT TO THE US DOLLAR
Millionday: SO THERE IS THE INFO I PROMISED TODAY -- LETS MOVE ON TO SOME MORE NEWS
Millionday: PERFECT TIME FOR IT AS NEWS IS SLIGHT AS WE KNOW THEY ARE WORKING BEHIND DOORS FINSISHING THE CHANGES THEY WANTED FOR THE BUDGET
AND HAVE COMPLETED OR THEY ARE ALL IN A COMA FROM THE CONSTANT WORK OR FROM READING THAT REPORT IF THEY HAPPEN TO BE
MGM Millionday: Have you seen anything on Abu Bakr al Baghdadi?
Millionday: AS IN WHAT?
MGM Millionday: Hes dead . . . again?
Millionday: I WILL BRING IT IF I HAVE IT
Millionday: BRB WITH MORE -- SEE IF WE HAVE THE BANKING NEWS OUT YET
Millionday: ISX NEWS -- LOOK AT THE DATE -- SAME AS WHEN IRAQ IS IN THE USA
Millionday: Shares of Commercial Bank of Iraqi resumed trading on Sunday Jan 18 2015
Shares of Commercial Bank of Iraqi resumed trading on Sunday Jan 18 2015
Millionday: LAUNCH OF THE COMPANY
Millionday: ONE MORE TOO HOLD ON BRB
Millionday: NOTE -- THIS IS NOT AVAILABLE IN ENGLISH ONLY ARABIC ON SITE HOWEVER -- VERY GOOD NEWS
Millionday:The general assembly of the Secretary for Financial Investment Meeting Minutes ( Certified )
A General Assembly meeting on Sunday, 11.01.2015 at ten in the morning in the company's headquarters and discussed the final accounts for the fiscal year 12.31.2013 and approval, and discuss the accumulated deficit and edit articles of incorporation .
Millionday: SO WHAT THIS IS SAYING IS THAT THEY HAVE MET (ISX) AND FINISHED WITH ALL PREVIOUS FINAL ACCOUNTS AND GIVEN APPROVAL
AND ALSO APPROVED AND REMOVED ANY THAT DIDNT ALL CORPORATIONS LISTED
Millionday: THAT IS WHAT WE CALL HUGE PROGRESS
Millionday: HAVE A WONDERFUL NITE AND A GREAT DAY TOMORROW WE WILL SEE YOU AT 730 EST FOR NEWSTIME
Millionday: ROUNDTABLE WILL NOT BE GOING ON MONDAY