Millionday Roundtable 11/07/14 Part 2
Welcome to dinarupdates.com for Roundtable with Millionday!
Millionday: Arbil announced the official spokesman for the Kurdistan Regional Government, said Friday that the Kurdish delegation that will go to Baghdad to discuss the three most important issues. He said Sven Dzia network Roudao media:
"The visit of the Iraqi Foreign Minister Ibrahim al-Jaafari to natural Turkey, and we are not against the Turkish-Iraqi relations "He pointed out that the Government of the Kurdistan good relations with Baghdad.
Millionday: NOTE -- THE STATEMENT HERE IS NOT A SMALL ONE -- KURDISTAN IS GETTING ALONG WITH FEDERAL GOVERNMENT
Millionday: He said a spokesman for the Kurdistan Regional Government: "It is planned that the delegation of Kurdistan government is headed by Prime Minister Barzani, to visit Baghdad and discuss on the outstanding issues between the parties."
explained Sven Dzia, that the most important issues that will be discussed with the delegation of Kurdistan Baghdad, is the issue of the region cut employees' salaries, and the issue of Article 140 of the constitution relating to the disputed Mounatqh, in addition to the issue of oil and gas law and the eligibility of the region to export oil.
Millionday: SO AS WE SEE -- ONE IS THE DISTRIBUTION OF FUNDS –
TWO IS --IS THE HCL READY FOR US TO EXPORT OIL?
AND THREE IS ABOUT THE CONSTITUTTIONAL ARTICLE 140 AND THE ISSUE OF THE DISPUTED AREAS –
SO ALL OF THE VISIT IS ABOUT FUNDING -- VERY NICE
Millionday: GREAT NEWS
HEARTLAND: You mentioned earlier that the important National Conciliation Conference would be held later this month but I have also heard that it ended yesterday...is there more than one conference. Thanks
Millionday: YES THERE IS ONE IN KURDISTAN AND THE NATIONAL RECONCILATION CONFERENCE THEY HAVE BEEN WORKING ON AND IT IS TO BE IN BAGHDAD THIS MONTH ACCORDING TO THE INK
Millionday: THATS WHY THEY CALL ME THE INK GIRL - WE WILL GO BY THE NEWS -- SMILE
Millionday: BRB WITH MORE
Millionday: Called on the government banks economy experts to support the federal budget and financial liquidity owned by banks, which is estimated in billions, demanding not to rely on to provide for the purchase of cars because of their negative impact on the Iraqi economy loans.
Millionday: NOTE -- YOU MAY ASK HOW CAN THEY FUND ANYTHING? I WILL SHOW YOU IN THE NEXT REPORT
Millionday: NOTE -- THIS IS THE ECONOMISTS ASKING THE GOVERNMENT BANKS TO FUND PROJECTS
Millionday: The economist said the appearance of Mohammed Saleh in an interview for the "long", that "government policies and the way banks granted loans must be in line with the changing economic conditions, particularly in the current period, the country is experiencing significant challenges facing the local markets."
Millionday: NOTE -- OBVIOUSLY HE IS SAYING THIS PERIOD IS CHANGING ECONOMIC CONDITIONS
Millionday: He added that "the number of employees and the government apparatus which nearly 4 million employees helped in the success of auto loans to some extent as consumer loans bring substantial benefits to the state banks for a medium."
Former adviser to the central bank, "explained the recent changes in the security and economic situation pay government institutions and private banking toward the liquidity support of the public budget through the purchase of treasury transfers and provide soft loans to overcome the current financial crisis as a result of the decline in world oil prices."
Millionday: NOTE -- REMEMBER THIS IS IN COUNTRY AND IS % OF RENTS –
MEANING THAT THE INCOME WILL BUY YOU X AMOUNT OF ALL YOU NEED -- RENT-UTILITIES ETC –
AND IF IT CHANGES TO SHOE STRINGS YOU ARE USING NEXT MONTH INSTEAD OF MONEY –
IT WOULD BE X AMOUNT OF SHOE STRINGS STILL BUY YOU THE SAME RENTS –
SO THIS WOULD NOT EFFECT WHAT YOU CAN PAY BY WHAT YOU EARN
Millionday: MAKE SENSE ?
Millionday: He said the "indiscriminate import cars significantly affected the infrastructure of cities and sapped billions of dinars from internal funds add to the financial burden posed by the import of petroleum products from gasoline and kerosene, which is estimated at 13 billion dinars annually."
He stressed that "the car loan interest rate of 7% is considered acceptable internally Iraqi market due to the high risk and exposure to many real-time variables do not believe in right path for the movement of funds invested internally."
Millionday: NOTE -- SEE VERY CLEAR -- INTERNALLY
Millionday: He pointed out that "the government banks suffer from a glut in the money where it owns 65 percent of these deposits collectively exist in government banks, and the remaining 35 percent in private banks so by channeling financial capabilities towards contributing to the solution of some of the crises by granting housing loans to citizens and loans investment in infrastructure.
Rasheed Bank announced the granting citizens Mbacherth loans of up to 20 million dinars for the purchase of cars for models (2012, 2013 and 2014).
Millionday: With Rafidain Bank announced loans granted to citizens to buy a modern car installments, pointing to a select number of companies to complete this project.
An official source said that "the bank proceeded to grant loans to citizens to buy a car in installments, noting that" he has been allocated a number of branches of the exercise of this activity and the number of companies choosing to accomplish this project.
Millionday: SO NOTICE AS WELL THAT IT IS THROUGH COMPANIES THAT WISH TO TAKE PART -- UNDER A MARKET ECONOMY THEY COMPETE
Midell: In all of the talking and meeting, we are looking for clues as to the rv...they are reporting on fixing Iraq. correct? 2 different narratives running simultaneously
Millionday: YES THEY HAVE AND IN FACT THE REPORT WE READ WED NIGHT WAS A SPEECH STATING THAT CBI HAD ENOUGH RESERVES AND THEY NEEDED TO REVALUE THE DINAR AGAINST THE USD
AND ENTER THE CURRENCY MARKET OF THE WORLD AND ALSO RAISE THE PURCHASING POWER OF THE VLAUE OF THE DINAR IN COUNTRY
Millionday: DID YOU SEE THE REPORT ?
Millionday: OK GREAT
Millionday: BRB WITH MORE ON HOW THEY ARE EXPECTING THE GOV BANKS TO HELP WITH INVESTMENTS IF THEY HAVE NOT SENT MONEY FROM CBI
Millionday: Baghdad, Hussein al-Tamimi Tgb regained TBI tbi more than $ 557 million amounts belonging to government departments and suspended with reporters in global banks since 2004.
Millionday: NOTE -- TRADE BANK OF IRAQ HAS REGAINED $557 DFI FUNDS THAT WERE FROZEN SINCE 2004
Millionday: NOTE -- THIS WENT TO GOV ACCOUNTS
Millionday: announced that the "morning" Hamdiya dry Director General of the Trade Bank of Iraq, said: "This amounts accumulated by our correspondent JPMORGAN who declined to replay for" D FI "(Development Fund for Iraq) because of problems related to the beneficiary and equipped,
although it breach by the supplier. Dry and Oadan that these amounts belonging to government departments for the years from 2004 to 2010 where he made management of the bank since received responsibility middle of the year 2011 efforts to work on the replay through the adoption of Sirefi behavior with high professionalism contributed to convince the reporter retrieved.
Millionday: NOTE -- LOOK AT THE NEXT DATE AS TO HOW LONG THEY PAID DEBT TO -- SMILE
Millionday: amounts suspended and showed dry that these amounts represent financial rights of the various state departments and related open credits through the bank with our correspondent,
and for a period of 23 / 4/2012 until 10/29/2014 pointing out that work is underway to restore the amounts suspended (remaining) with the reporter.
revealed restore debt stalled during the current year, of which 60 million dollars out of the debt up to 63 million dollars and by 20 million in cash and 40 million dollars of credit and in collaboration with the South Oil Company, and has been restored $ 38 million of the debt of $ 38 million with the exception of the benefits of it.
Millionday: OCT 29TH OF THIS YEAR
Millionday: NOTE - SOUTH OIL COMPANY DEBT
Millionday: NOTE -- NOW LOOK AT WHAT THEY ARE TRYING TO ACHIEVE AND KNOW THAT IT IS BANKING REFORM PROGRESS
Millionday: credit rating bank's interaction with the international banking sector is an important step raises would among global banks ago saying also:
"The bank depends regular plan in building relationships with international banks sober, including Citibank and the collection of Morgan, who are working with him to put the credit rating of the bank,
to make it a high status among global banks, and the banks and the quality and Rsantha measured through universally desired credit rating."
Millionday: SO OBVIOUSLY THEY WANT THEIR CREDIT RATING AS DO ALL COUNTRIES TO BE HIGH AS IT LOWERS THEIR INTEREST RATE ON DEBT AS IT DOES THE INDIVIDUAL PERSON
Road_Kill: If they are reporting they need to raise the dinar against the USD and the purchasing power, what's the hold up? They keep reporting it over and over but nothing happens. There must be something holding it up or something that still needs to be done
Millionday: THEY REPORTED THEY WERE WORKING ON IT CURRENTLY SO TIME CONSUMING I WOULD SAY OR THEY ARE WAITING ON THE LAWS TO BE COMPLETE THAT I REPORTED AT THE BEGINNING OF ROUND TABLE
Millionday: 1ST REPORT
Millionday: BRB WITH MORE
Millionday: LAST REPORT
Millionday: Baghdad -arac Press November 6: Committee revealed the economy and investment in the Iraqi Council of Representatives, on Thursday, said that "the central bank completed its preparations for the issuance of metal coins of seven small groups."
Said committee member Rep., Nora my neighbor, L / Iraq Press / that "the Central Bank and in conjunction with the implementation of the project to delete the three zeroes from the paper currency currently in circulation ..
Millionday: NOTE -- THE CENTRAL BANK IS READY TO ISSUE ALL COINS AS PART OF THE REMOVING OF THE THREE ZERO CURRENCY
Millionday: She Albjara that "the purpose of which purports behind the launch of the Central Bank of coins comes to reducing the rate of inflation, especially since the 3% of the value of inflation in Iraq due to the presence of a large amount of cash," said Rep
Millionday: SO THEY PLAN ON MAKING AN ADJUSTMENT IN THE VALUE/PRICING INDEX OF 3% WITH THE REMOVAL OF THE THREE ZERO CURRENCY
Millionday: SEE EVERYONE TONIGHT AT NEWSTIME AT 730 EST