Millionday News Time 5/4/15 Part 1
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Millionday: Governor of the Central Bank announced on the Keywords, on Monday, the deletion of zeros existing project, as pointed out it was given the green light for its implementation,
he stressed that this process will be preceded by regulatory and administrative operations. Keywords and said in a press conference held at the bank building and attended by Alsumaria News,
that "the project to delete the zeros is based has been put into practice and gave the green light to start with," noting that "The project needs a period of time may extend to two years or more.
Millionday: NOTE -- THE PROCESS OF THE DELETION OF THE THREE ZEROS HAS BEEN GIVEN THE GREEN LIGHT AND HAS BEEN ANNOUNCED IN A PRESS CONFERENCE –
THIS PROCESS WILL TAKE A COUPLE YEARS BEFORE ALL THE BILLS WILL BE TAKEN IN AS EXPECTED –
ACCORDING TO THE GOVERNOR OF CBI (WHO HAS THE INDEPENDENT POWER TO DO SO) THAT THE PROJECT HAS BEEN GIVEN THE GO AHEAD TO BEGIN
Millionday: He added that the relationship "This operation will be preceded by regulatory and administrative processes and the form in which it will start moving in," adding that "the Bank began creating currency models and training of cadres to it.
" The Iraqi Central Bank announced in May 2012 that the process of deletion of zeros from the country of Iraq will be transferred to the trillions of billions, indicating that the process of replacing the currency needs to be approved by parliament
Millionday: NOTE -- THE MOVE OF PULLING IN THE THREE ZERO CURRENCY WILL BE PROCEDED BY THE ADMINISTRATIVE AND REGULATION PROCESSES AND THE TRAINING BEGAN YEARS AGO ---
THIS ALSO WAS ANNOUNCED AT THAT TIME TO NEED THE APPROVAL OF THE GOV AND WE HAVE SEEN THAT APPROVAL IN THE REPORTS WE HAVE READ IN THE PAST SIX MONTHS I BELIEVE IF NOT SOONER
Millionday: He accused the central bank, in (12 September 2011), government agencies obstructing monetary reform and vowed to persecuting, blaming those actors responsible for exposing the financial interests of the country to danger.
It is noteworthy that some economists believe that Iraq is not ready at the moment to delete the zeros from the Iraqi dinar, pointing out that the deletion needs to security and political stability as well as the stability of the economy.
Millionday: SO OBVIOUSLY CBI AND OTHERS NOT LISTED HERE BELIEVE THAT IT IS A GREAT TIME -- THIS IS THE ANNOUNCEMENT THAT IT IS TIME (GREEN LIGHT) -- WHOOOOPOW
Baxter1243: are you sure we havent seen this post... almost word for word...before?
Millionday: I AM SURE THAT I HAVE NOT SEEN THIS PRESS RELEASE -- BUT THAT DOES NOT MEAN THAT YOU HAVE NOT
Millionday: EITHER WAY -- THIS IS GREAT AND IF IT HAS BEEN STATED BEFORE -- THE SECURITY IS BETTER THAN IT WAS YESTERDAY AND THE DAY BEFORE SO NOT A BAD THING AT ALL IMO
larrykn: 2 years to complete are we looking at a float then or just that it will take that long to get all the notes off the street
Millionday: JUST THAT IT WILL TAKE THAT LONG TO GET THEM ALL BACK OUT OF CIRCULATION WHICH IS NOT UNCOMMON WITH A SERIES CHANGE -- IT NORMALLY TAKES SOME TIME TO GET THEM ALL BACK IN
raindropsnroses: "Two years or more" To begin exchanging or until it's finished?
Millionday: UNTIL IT IS FINISHED
Millionday: THEY HAVE TO GET TO THE BANK AND BE PULLED THAT WAY
quicktolegit96: AS THEY DRAW NOTES IN, RATE GOES UP....ECONOMICS 101?
Millionday: THEY WILL BE EXCHANGING THEM AS THE SAME PROCESS OF ANY BILL CHANGE -- FOR INSTANCE -- THE US HAD A RECENT CHANGE IN BILLS FOR ADDED SECURITY AND THIS WAS JUST A CHANGE FROM THE OLD TO THE NEW –
AT ANY GIVEN TIME YOU COULD LOOK IN YOUR WALLET AND HAVE SOME NEW AND SOME OLD -- NOW IT IS UNUSUAL TO SEE OLD AS MOSTLY NEW ARE OUT NOW IF NOT ALL –
I AM NOT SURE IF THEY ALL ARE CHANGED BUT YOU GET THE POINT I AM MAKING
Millionday: THE RATE WILL BE SET AND THE EXCHANGE OF THE BILLS REPRESENTING THE AMOUNT OF TENDER HAS NOTHING TO DO WITH THE GAIN IN VALUE --
SirTitus: BGG sounded pretty confident on Sunday.....makes me feel like we are really close
Millionday: LOTS OF THINGS MAKE ME FEEL AS THOUGH WE ARE CLOSE AND THE EXCITEMENT THAT BGG HAS IS ONE OF THEM FOR ME TOO -- SMILE
Millionday: The Presidency of the Parliament during the 35th meeting of the Council, which was held on Monday under the chairmanship of Saleem al-Jubouri and the presence of 250 deputies,
a decision the continuation of the House of Representatives to next Thursday, after the vote on the draft signatures law on documents and documents in Arabic and foreign No. 52 of 1970 and the holding of the House of Representatives earlier, its regular day to discuss a number of draft laws and vote on the other after a delay of more than half an hour because of the lack of quorum.
Millionday: NOTE -- THIS IS TALKING ABOUT THE FORMAL PARLIAMENT SESSION WHICH WE HAVE LEARNED THAT IT IS NOT THE ONLY SESSIONS GOING ON
Millionday: The Kurdistan Alliance MP Ashwaq dry had said in an earlier statement to Radio Marbad The agenda of the meeting includes a vote on the first draft amendment to the Law on the Protection of mass graves No. (5) for the year 2006 and discuss the subject of the staff of self-financing companies in all ministries Add the first reading of the draft arms law with the continuation of the second reading of the draft anti-drug law and psychotropic substances.
Millionday: SO WE READ THIS TODAY AND I HAD IT ON MY MIND AFTER ROUNDTABLE –
THE REASON BEING WAS THAT THE LAST NEWS WE SAW ABOUT PARLIAMENT WAS THAT THEY WERE IN SUCH A RUSH TO GET THE "IMPORTANT LAWS" DONE THAT THEY CANCELLED THE HOLIDAY
AND HAVE EXTENDED SESSIONS AND ALSO HAD ADDED MEETINGS WITH COMMITTEES AND HEADS OF PARTIES TO ENSURE THAT THEY ARE DONE IN A RUSH –
NOW WE SEE SESSIONS BEING DELAYED AND ALSO THEY DONT HAVE ANY MENTION OF THE LAWS THAT WERE SO IMPORTANT JUST DAYS AGO TO THE GOVERNMENTAND ALSO ABADI –
SO I THINK WE WILL READ SOME INTERESTING NEWS OR SEE A PRESS RELEASE CONCERNING THEM IN THE NEAR FUTURE BUT THIS IS MY OPINION -- SO WE SHALL SEE
quicktolegit96: MISINFORMATION ON PURPOSE YA THINK, JUST MAYBE?
Millionday: I THINK THAT THE EXPECTATION THAT WE WILL RECEIVE NEGATIVE NEWS IS SHOWING TO BE TRUE OR AT LEAST THAT IT MAY BE –
WE HAVE BEEN GETTING LOTS OF NEWS FROM ALL SOURCES THAT WE ARE SEEING A HUGE RUSH AND THE MOVE WITH THE IMF TO GET THE SWF READY AND THE LOANS FOR IRAQ`S DEVELOPMENT
AND ALSO THE CONTRACTS BEING AMENDED ALONG WITH THE POLICIES AND REGULATIONS READY AND EVEN PRINTING OF CURRENCY –
WE ALSO SAW THE ORDER TO GET THE INTERNATIONAL EQUATION DONE ---
ALONG WITH THE MEETING WITH THE BANKS THAT WARN THEM TO MAKE THE CHOICE THAT WILL PTOTECT THE BANK`S LIQUIDITY INSTEAD OF REVENUES BECAUSE THE GOAL IS TO PROTECT THE INTERBANK MARKET –
ALL OF THIS DOES NOT MATCH ANY NEGATIVE NEWS AT ALL ---
SO I HAVE TO SAY THEY SEEM TO BE ADDING CONFUSION AS WAS EXPECTED MANY YEARS AGO WHEN THIS WAS FIRST DISCUSSED
Millionday: MAKE SENSE? -- I DO NOT BELIEVE IN OTHER WORDS ANY OF THE NEWS THAT IS STATING THE MONETARY OILICY IS NOT READY OR THE REFORMS ETC
Comments may be made at the end of Part 2 Thank You