Millionday Roundtable 3/27/15 Part 2
Welcome to dinarupdates.com for Roundtable with Millionday!
Millionday: HERE WE GO WITH ANOTHER UPDATE
Millionday: Iraqi special forces advanced on central Tikrit on Thursday as U.S.-led coalition planes joined the largest offensive yet against Islamic State militants holding out in Saddam Hussein's home city.
Coalition jets launched their first air strikes against Islamic State targets in Tikrit on Wednesday, coming off the sidelines to aid Iraqi forces against the Sunni Islamist militants.
Underlying the complex web of loyalties behind the conflict, a senior U.S. general said Washington had demanded the withdrawal of Iranian-backed Shi'ite militias fighting alongside Iraq's government before agreeing to take part.
Millionday: NOTE -- IRAN HAD TO BACK OFF BEFORE WE WOULD COME IN ACCORDING TO THIS REPORT
Millionday: Two Shi'ite militia groups said they were suspending participation in the fight in response to the coalition's involvement.
Some of the militias are openly hostile to the United States and have targeted Americans in Iraq in the past, but the fight against Islamic State has put them on the same side.
Iraq's Prime Minister Haider al-Abadi, who pressed ahead with a request for coalition air strikes despite opposition from the militia, arrived in Tikrit on Thursday to oversee operations to retake the city.
Millionday: SO ABADI ASKED FOR AIR HELP ACCORDING TO THE REPORT --- OH NO YOU DIDNT -- SMILE
Papatom: weve seen reports of Abadi on the scene...and now I know why..... he was getting some lip from militia groups and didn't want any argument.....so he showed up
Papatom: he continually shows how good a leader he is
Millionday: HE IS SUCH A MORE PRODUCTIVE LEADER TOO -- I WATCHED A NEWS PROGRAM THAT SHOWED A HUGE CORWD AND HIM SHAKING HANDS IN THE STREET --
mrref1216: He can show how good a leader he is by pushing the RV lol lol
Millionday: OH YES MAKING PROGRESS
Millionday: I AGREE -- TIME TO ENTER THE GLOBAL MARKET ABADI
Millionday: Finance Committee in the House of Representatives revealed to embrace draft a unifying state employees and pensioners in coordination with relevant government agencies in the law through Congress supported the move, which will contribute to the achievement of justice among state employees. A member of the Finance Committee (Abdul Hussein al-Yasiri) The Finance Committee plans to issue a law on the salaries of state employees and retirees take into account the increase in prices, inflation and contribute to an increase in the minimum grades salaries with achieving a balance between the higher grades staff and grades lower than state employees.
Millionday: SO THE FINANCE COMMITTEE IS WORKING ON PAY SCALES --
allinxpress Millionday: I saw a report stating that the Kurds are still going to get a 500 million dollar loan from Turkey.. did you see that and if true, that cant be good correct?
Millionday: THEY WILL BE GETTING LOANS TO MAKE SURE DEVELOPMENT PROJECTS GET OFF THE GROUND ---- THIS IS NOT BAD AND ONLY IMPACTS THEIR LIQUIDITY WHICH IS WHY THEY WOULD RECEIVE THE LOAN IN THE FIRST PLACE -- I SEE IT AS GREAT
Johnny Mack: Millionday do you think the economic crisis will end by the end of this quarter?
Millionday: JOHNNY -- THEY STATED THAT THE ECONOMIC CRISIS WOULD END WITHIN A FEW DAYS A DAY OR TWO AGO -- VERY INTERESTING –
I AM VERY INTERESTED IN THE CODING SYSTEM INFORMATION AND ECONOMIC CONFERENCE THIS WEEKEND -- WE HAVE NO WAY OF KNOWING A DATE THOUGH --
mrref1216: they very seldom do they stick to a date that they announce
Millionday: THE CODING SYSTEM IS IRONICALLY THE INTERNATIONAL INFORMATION ON MANY THINGS BUT IT DOES TELL THE COUNTRY`S LIQUIDITY TOO
Johnny Mack: Millionday when you say "They stated...." who is they you are talking about?
Millionday: SO MANY YEARS OF PREPERATION ARE VERY COSTLY AND SHOWS MUCH MUCH MUCH DONE THAT HAD TO BE ----
NOW THE INFORMATION SYSTEM SET UP FOR PAYMENT SYSTEM AND REMITTANCE AND ALL DATA CONNECTED INTERNATIONALLY ? -- WE LOVE IT
Millionday: HASHEMI I BELIEVE IT WAS -- FINANCIAL ECONOMIC EXPERTS -- COMMITTEE
Millionday: THE REPORT IS IN NEWSTIME A COUPLE DAYS AGO
Millionday: I MIGHT STILL HAVE IT BRB
Millionday: I STUMBLED ACROSS THIS LOOKING FOR IT
Millionday: LETS SEE THIS FIRST BEFORE I LOSE IT
Millionday: Confirmed member of the parliamentary legal properly Shawki Wednesday, that the National Guard is the law of the political part of the government program of the document that has been approved by the House of Representatives and became binding on all parties.
He said Shawki told (the newspaper of integrity) that "the National Guard Act will be included on the agenda of the House of Representatives schedule next Saturday in agreement with House Speaker Salim al-Jubouri, so get out of Article 110 of the Constitution,
which prohibits carrying any weapon outside the framework of the state, noting that "Legal Committees, security and defense Alniabaten not have any forms on this draft.
Millionday: SO THE NATIONAL GUARD LAW IS ON THE AGENDA FOR TOMORROW FOR PARLIAMENT SESSION
Millionday: JOHNNY THIS IS ONE OF THE REPORTS THAT STATED IT -- THERE ARE MORE THAN ONE
Millionday: The Iraqi government confirmed on Wednesday, and the presence of stocks reserves of hard currency and not "fear" of the Iraqi currency deterioration against the US dollar, as showed that speculators raised a state of anxiety about the bank's reserves,
the Parliamentary Finance Committee to the eye that the weakness of the financial policy of the country and control of traders Market of the main reasons that led to the rise of the dollar against the dinar
Millionday: NOTE -- THE SPECULATORS RAISED ANXIETY ABOUT THE BANK RESERVES --
Millionday: NOTE -- READ EVERYWORD OF THIS REPORT IT IS VERY INFORMATIVE
Millionday: He said the prime minister for economic affairs adviser appearance of Mohammed Saleh in an interview with the (long-Presse), "The central bank sales of the dollar was up to about 200 and 300 million dollars per day in order to maintain market and wasted dollar Finance Committee considered in the House of Representatives and in Article 50 of the budget to make the central bank sales of up to $ 75 million per day law. "
Millionday: Saleh added, "but this amendment exploited by speculators and Mentfon provoked panic, and fear of the decline of bank sales and the weakness of its reserves of foreign currency
as well as flooding the market with the import of goods is necessary, boosting demand for the dollar has increased and therefore the high price to sell,"
noting that "75 million dollars is sufficient to meet the needs So the market can not be hold responsible for central bank action rising dollar and neglect them
Millionday: NOTE -- THE RETURN OF THE DINAR FOR THE US DOLLAR IS NOT THE GOAL OF THE MARKET AND OBVIOUSLY NOT FOR IRAQ -- THIS WOULD IMPACT THE SUPPLY AND DEMAND (MARKET ECONOMY)
Millionday: >>>>>>>>>>>Economic Adviser to the Prime Minister, "There is no fear of the Iraqi currency deterioration against the dollar and continued because the central bank has sufficient and reassuring reserves of hard currency dependent on oil revenues,"
noting that "the coming days will witness a breakthrough to the crisis with the followers of the budget on the liquidity in the market and the size of the reserve policy and flow.
Millionday: NOTE -- THE COMING DAYS WILL WITNESS A BREAKTHROUGH IN THE CRISIS
Millionday: For his part, said the Finance Committee in the House of Representatives member Haitham al-Jubouri, in an interview with the (long-Presse), "The weakness of the financial policy of the country and in particular monetary and fluctuating dollar exchange rate against the dinar, as well as control of the traders on the market of the main reasons that led to the rise of the dollar against the dinar ".
Millionday: NOTE -- A MISTAKE HAS BEEN MADE BY CBI >>>Jubouri said that "the Iraqi Central Bank made a serious mistake when inventory sell the currency on the government and private banks and banking offices, leaving traders to buy the currency on the black market because of their inability to wait to take their roles in the private banks or succumb to speculators because the market can not afford delay or borrow from others." .
Millionday: Turn Committee member Magda al-Tamimi said in an interview with the (long-Presse), "The rise in the dollar exchange rate against the dinar, the case will not last long and will be gone soon,
as the central bank promised that he was working on the mechanisms and procedures it is possible to reduce the selling price and make it available to adequately among citizens and merchants. "
For his part, the financial expert Majid picture in an interview with the (long-Presse), "The changes in commodity prices, today, in the Iraqi market is not the result of the change in the exchange rate for the dollar, but the result of the new indirect taxes any increase of customs tariffs, the merchant importer does not influenced by the exchange rate permanently. "
Millionday: NOTE -- THE CHANGE IN THE VALUE IS ONLY DUE TO THE ADD OF TARIFF AND INCREASE OF CUSTOMS TAXES -- AND IS NOT PERMANENT
Millionday: He criticized the picture "link banking companies of the Central Bank and receive a license to deal in obtaining and selling the dollar," stressing that "that is the wrong way because the internationally recognized is that the central bank only deal with the banks, so it maintained a presence with the bank has the wrong effect on the market."
The dollar price in the local market before the Iraqi dinar for up to 1130 selling price of the Iraqi dinar against the one after that 1120 was one of the dinar in the past month.
Millionday: SO THEY ARE SAYING THAT NO ONE IS DEALING WITH CBI BUT THE BANKS
allinxpress: sure sounds like what we have been waiting for is coming up fast..
Millionday: IT CERTAINLY IS NOT THE POSITION THEY BEGAN IN -- WHOOPOW
Millionday: RUDIE CAN YOU POST THE OTHER REPORT FOR US
rudie: Millionday: A statement by the Arab Monetary Fund, seen by the "morning" will participate in the meeting of the World Bank representative, who will present the most important aspects of the new initiative to support the Arab countries in the application of new international principles.
According to the statement, it is scheduled to attend the President of the Board of Directors overseeing the coding system Consolidated global legal related Council financial stability, which will give a presentation about the new coding system and its impact on payment and settlement systems.
Millionday: NOTE -- THIS INTERNATIONAL CODING SYSTEM WILL BE PRESENTED TO SHOW HOW IT WILL BE IMPLEMENTED AND ALSO ITS IMPACT ON THE ARAB REGION --- HUGE HUGE
Millionday: will also be at the meeting to discuss the initial drafts of the four working papers on topics of interest to systems payment and settlement, the first on the "needs upgrading small value payment systems", and the second on "mechanisms to pay for workers' remittances",
and the third on "job overseeing the payment and settlement systems", and the fourth on "aspects of the development of government payment and collection systems."
Millionday: SO THIS WILL CHANGE THE WAY THAT ECONOMIC DATA IS DONE WITH FINANCIAL IMPACT
Millionday: A NEW CODING SYSTEM --- HUGE HUGE
jarhead: what does this all mean?
jarhead: define coding PLS
Millionday: The coding system is designed to facilitate the exchange of data on balance of payments, international investment position, international trade in services, and foreign currency liquidity among these organizations, their member states, and other interested organizations or entities.
Millionday: SO THIS IS THE INTERNATIONAL SYSTEM THAT GIVES THE DATA FOR EACH COUNTRY AND ORGANIZATION ----THE EXCHANGE BETWEEN
Millionday: SO INTERESTING THAT THE ARAB REGION IS MEETING AT THE CONFERENCE TO LEARN ABOUT THE NEW INTERNATIONAL CODING SYSTEM -- THE EXPLANATION OF THIS SYSTEM IS ON THE IMF SITE
Millionday: I WILL BRING ANY NEWS WE HAVE FROM MEETINGS BETWEEN THEM AND ANYTHING I CAN FIND ON IRAQ AND THIS SYSTEM AS IT UNFOLDS
Millionday: THANK YOU FOR COMING TO RT AND WE WILL SEE ALL OF YOU AT NEWSTIME AT 730 EST TONIGHT