Millionday Roundtable 11/14/14
Welcome to dinarupdates.com for Roundtable with Millionday!
MILLIONDAY: SO I WOULD LIKE TO SUMMARIZE SOME THINGS BEFORE I BRING NEWS
MILLIONDAY: LATELY WE HAVE BEEN SEEING A LOT OF REPORTS SPELLING OUT THE IMPORTANCE OF MANY LAWS THEY HAVE PREPARED AND HAVE WAITING TO PRINT AND
ALSO HAVE SEEN THEM BEING VERY BLUNT IN WHAT THEY ARE TRYING TO GET DONE FOR THE ECONOMIC REFORM AND THE TRANSITION TO A MARKET ECONOMY --
MILLIONDAY: WE HAVE READ ABOUT THE BUDGET (DONE), THE HCL (DONE) , THE FUNDING OF THE HCL (LAW IN PLACE FOR FUNDING), THE OIL CONTROL AND DISCOVERY (LAW IN PLACE FOR JUST THAT ),
THE GOVERNMENT I(N PLACE), THE FEDERAL COUNCIL (ON AGENDA THE 15TH), THE PARTIES LAW(0N THE AGENDA FOR THE 15TH, THE LOANS (ALL AGREED ON)
THE FUNDS FROM DFI (DISTRIBUTED TO GOV BANKS FOR PROGRAMS), AND THE GOVERNMENT PROGRAMS AND PLANNING ETC (READY AND IN LAW) AND WE HAVE MORE IN INVESTMENT LAWS ETC -
MILLIONDAY: SO, AS WE CAN SEE THE MANY THINGS DONE INCLUDING THE COINS BEING READY AND THE SMALL DENOMS FOR THE TRANSITION TO A MARKET ECONONY WITH THE X-STREAM BEING PREPARED ARE ALSO VERY IMPORTANT
MILLIONDAY: SO MANY THINGS DONE AND MANY OTHERS I HAVE NOT EVEN LISTED THERE –
AS THEY PREPARE FOR THE UPCOMING CONFERENCE THEY HAVE BEEN PREPARING FOR ALONG WITH THE UNIFIED GOVERNMENTAL PARTIES WORKING TOGETHER-- ALL GREAT NEWS OBVIOUSLY
MILLIONDAY: AND LETS NOT FORGET THE PRIVATE SECTOR BEING EQUIPED TO TRANSITON TO A MARKET ECONOMY WITH ELECTRONIC CAPABILITIES ALONG WITH THE ACTIVATION OF THE LAW OF INDEUSTRY, TARIFF, AND CUSTOMS
MILLIONDAY: SO THERE IS A SMALL SUMMARY OF SOME THINGS WE HAVE SEEN
MILLIONDAY: BRB WITH NEWS WHOOOOPOW
clay: so HCL is done?
MILLIONDAY: THEY ARE GOING TO USE THE OLD ONE AND PASSED THROUGH THE LAW OF FUNDING FOR THE HCL
MILLIONDAY: HERE WE GO
MILLIONDAY: Head of UNAMI in Iraq Nikolai Miladinov, on Friday, the agreement between the federal government and the government of the region about the budget "an important step",
and pointed out that it will now allow for staff of the region to receive their salaries, while pointing out that this agreement will make the Kurdistan resume its contribution to the federal budget.
Said Mladenov said in a statement received (range Press), a copy of the "agreement that was reached between the central government
and the regional government to settle the dispute on the budget welcome step," returned her "first and important step towards the creation of a comprehensive, just and constitutional for all outstanding issues."
MILLIONDAY: NOTE -- "IT WILL NOW ALLOW FOR STAFF OF THE REGION TO RECEIVE THEIR SALARIES AND WILL MAKE THE KURDS RESUME ITS CONTRIBUTION TO THE FEDERAL BUDGET" ---
SO AS WE SEE BY THIS IT IS READY TO SUBMIT PAYROLL WHICH TO ME SAYS THEY ARE DONE WITH IT OR IT IS A VERY BAD TRANSLATION IN ALL TRANSLATIONS (I DOUBT IT)--
I WOULD SAY THE UNAMI PAT ON THE BACK FOR THE BUDGET IS BECAUSE IT IS DONE BUT WE WILL SEE WHAT ELSE WE SEE
MILLIONDAY: Said Mladenov said in a statement received (range Press), a copy of the "agreement that was reached between the central government and the regional government to settle the dispute on the budget welcome step," returned her "first and important step towards the creation of a comprehensive, just and constitutional for all outstanding issues."
Mladenov said that "This agreement will allow for public sector employees in the provinces of Arbil, Dahuk and Sulaymaniyah start to receive their salaries,
as it will allow the KRG to resume its contribution to the federal budget at a time when the country is experiencing a national crisis," praising "the Prime Minister Haider al-Abadi and President of the Kurdistan Regional Government Nechirvan Barzani, the quest to find solutions in the interest of all Iraqis
MILLIONDAY: NOTE -- IN OTHER WORDS -- THIS IS GOING TO HELP US ALL IN IRAQ AND THEREFORE THIS IS GREAT NEWS TO SAY THE LEAST
MILLIONDAY: The oil minister, Adel Abdul-Mahdi, announced on Thursday (November 13, 2014), agreed with the President of the Kurdistan Regional Government to transform the federal government for $ 500 million for the region,
and among the agreement to ensure that the Government of the Territory put 150 thousand barrels of crude oil a day under the disposal of the federal government,
confirmed that the President of the Government of the region will visit Baghdad at the head of a delegation to develop a "comprehensive" and constitutional solutions to resolve outstanding issues.
MILLIONDAY: NOTE -- THE PRESIDENT BARZANI WILL BE COMING TO BAGHDAD AS WE KNOW
BUT THIS IS FOR THIS WEEK -- SMILE -- GREAT NEWS WITH THE OTHER ONES HOSTED -- FINANCE-OIL-PLANNING MINISTERS AND ALSO CBI GOVERNOR
MILLIONDAY: The head of the Kurdistan Regional Government Nechirvan Barzani, Wednesday, (November 12, 2014), that the door is open a dialogue with the central government to reach an agreement and a mechanism for the non-recurrence of cutting the budget and salaries November Territory staff, as expressed optimism forthcoming visit to the oil minister, Adel Abdul-Mahdi to Erbil.
The Council of Ministers of Iraq's Kurdistan region honest, Wednesday, (November 12, 2014), on the legal Kurdistan company for exploration and production of oil and fund oil and gas revenues in the region, and in what was described Prime Minister Nechirvan Barzani hosted by the deputy Qubad Talabani in the region's parliament session as "positive and fruitful.
MILLIONDAY: NOTE -- SO TWO DAYS AGO THEY ANNOUNCED THAT THEY WERE READY FOR THE AGREEMENT WE SEE TODAY -- THEY ARE REALLY ACTING WITH A RUSH IMO
MILLIONDAY: , pointed out that he has reviewed the Ministry of Natural Resources plan to find a solution to the current financial crisis and the budget and staff salaries by oil revenues.
It is noteworthy that the former prime minister, Nouri al-Maliki, instructed to cut the budget of the Kurdistan region since the beginning of the current year 2014, including staff salaries, against the backdrop of the crisis between Baghdad and Erbil.
MILLIONDAY: SO OBVIOUSLY THE ONLY RESOLVE MALIKI WAS WILLING TO OFFER WAS A CUT ON PAY FOR THE KURDISTAN AREA -- NOT A VERY GOOD COMPROMISE AT ALL BY THE SOUNDS OF IT
bluedog MILLIONDAY: Any confirmation to the replacement of Maliki, or was that just rumor
MILLIONDAY: HE HAS BEEN SHOWN CHARGES THAT ARE JUST THE BEGINNING OF MORE TO COME REPORTABLY -- SO WE HAVE NO CLUE AS TO HOW THAT IS GOING TO BE HANDLED –
IT IS JUST TOO MUCH TO GUESS -- I MEAN LOOK AT MICHAEL VICK -- SMILE
clay: y is Maliki involved anymore he is just trouble to the country
MILLIONDAY: THEY HAVE A DEMOCRATIC SYSTEM AND COURTS ARE DIFFERENT AS WELL SO,
THEY HAVE CONSTITUTIONAL RIGHTS THERE THEY DID NOT HAVE BEFORE SO WE WILL SEE WHAT COMES OF THE CHARGES--
Loopback: We know that the GOI is cash poor and they have made big commitments of money for various programs and projects. Is there any other way that they can meet these obligations other then with w rate change?
MILLIONDAY: THE RATE CHANGE WOULD BE APPLIED IF THE RATE INTERNATIONALLY IS NOT A REALITY RATE FOR THE FREE MARKET TRANSITION AND THE STOCK MARKET IMPACT AS WELL
THE WORKERS THERE MAY BE IN FROM THE COUNTRY THEY ARE FROM OR THEY NEED SUPPLIES ETC –
BUT THEY NEED A FAIR MARKET VALUE FOR THE DINAR AND ITS PURCHASING POWER----
THEY HAVE HAD THE OLD FROZEN DFI FUNDS RETURNED AND DISTRIBUTED TO GOV PROGRAM ACCOUNTS TO HELP WITH GOV FUNDING
MILLIONDAY: BRB WITH MORE
maine: any articles on what people are to do with the banks putting deposits at risk with new policy as stated above?
MILLIONDAY: THEY ESTABLISHED INSURANCE A LONG TIME AGO FOR THE BANKING REFORM SO THEY WILL HAVE A LIMIT AS WE DO WHEN IT IS APPLIED
MILLIONDAY: SEE THIS IS THE THING EVERYONE
MILLIONDAY: THERE ARE SO MANY LAWS THAT ARE VOTED IN AND HAVE NOT BEEN PRINTED IN THE GAZETTE (THE LAST STEP TO LAW DEVELOPMENT IN IRAQ)---
SO AS WE CAN GUESS OR AT LEAST WE CAN SEE THAT IT MAKES SENSE -- THEY PROBABLY WILL DO A MASS PRINTING TO BRING MANY LAWS TO LAW ALL AT ONCE
jtank: How would a float work w a 2% rise in value-controlled--weekly-monthly-how? Wait and see? How has other countries handled this type of float?
MILLIONDAY: IF IT FLOATS DOWN 2% OR UP -- IT WILL HOLD THERE UNTIL A SHIFT IN THE MARKET WITH USD OR IQD TAKES PLACE AND MOVES IT A SMALL AMOUNT IN EITHER WAY BUT WILL REMAIN REPRESENTED BY THE REALITY RATE PAIRED WITH THE USD BY 2% CHANGE ONLY FOR THE SET AMOUNT OF TIME THE REGULATION GIVES
MILLIONDAY: BRB WITH MORE
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