Millionday News 7/21/14 Part 2
Welcome to dinarupdates.com for news time with MILLIONDAY!
[millionday] NOTE -- IRAQI FUNDS ARE COMING BACK INTO THE JORDANIAN BANKS
[millionday] They pointed out that recipients of remittances, even though Jordanian obliged to disclose, the source of the funds transferred to it from the outside, which reduces the likelihood of a money-laundering operations.
Estimated turnover of exchange companies in Jordan, every year about 2.3 billion dollars, and vary from year to year according to commercial activity and tourism and remittances from Jordanians working abroad.
And usually sees the states, which is suffering from disorders remittances abroad, and laundering of funds.
Said Alaa Deiranieh Association President cashiers Jordanians, the remittances to Jordan, are in accordance with the rules, did not register any suspicions of money laundering, during the past few months, despite the circumstances surrounding Jordan's neighboring countries, such as Syria and Iraq.
[millionday] NOTE -- THE FINDS THAT ARE COMING ARE LEGITIMATE FINDS AND ARE NOT FROM ILLEGAL SOURCES OR EVEN TERRORISTIC SOURCES -- SO THIS IS GREAT NEWS AND HAS TO DO WITH GLOBAL TRADE BEGINNING
millionday] There is widespread unrest areas of northern and western Iraq after control of the "Islamic state" and Sunni insurgents allied with large parts of Nineveh province (north) in full, including the city of Mosul, in the tenth of June, after the withdrawal of the Iraqi army forces them without resistance, leaving the amounts large weapons and gear.
The same thing happened in the cities of Salahuddin province and the city of Kirkuk in Kirkuk province (north) and accepted by the most famous cities in Anbar province (west).
Added Deiranieh that financial flows from Iraq to Jordan, began gradually to return to normal levels, after it fell so much because of the fighting there.
The Deiranieh has said in previous statements, told Anatolia in mid-June last year, the remittances from Iraq to Jordan dropped by 20% since the deterioration of the security situation in Iraq.
[millionday] NOTE -- THIS IS HUGE ENCOURAGEMENT TO THE OIL REVENUES RETURNING TO NORMAL AND ALL MAINTAINING NORMALCY WITH IRAQ AND THE ACCOUNTS THEY HAVE IN PLACE -- FANTASTIC NEWS
[millionday] NOTE -- MUCH MORE IN THE MEANS OF CLUES IN THIS REPORT
[millionday] He said that the exchange market Local started to recover a few days ago, driven by rising remittances from Jordanians working abroad to their families with the approaching Eid al-Fitr, as well as high demand Syrians living in Jordan to replace the dollar dinar, to finance their purchases of real estate, buy their daily needs. He pointed out that the high Deiranieh Jordan's exports, especially of vegetables, also contributed to move the market
[millionday] NOTE -- I LOVE WHEN THE WORDS DINAR AND MOVE THE MARKET ARE ALL IN THE SAME REPORT -- LOVE IT
[millionday] He said there is a great demand for the Jordanian dinar, in the domestic market, estimated growth in demand for buying the dinar during the past few days by an estimated 5%. Mentions that the Central Bank of Jordan said Thursday that remittances of Jordanians working abroad, rose during the first five months of the year current, an increase of 3.8% for the same period last year to reach 1.49 billion dollars. said Abdul Salam Saudi, an official in one of the exchange companies, said demand in the market exchange Jordanian concentrated on the dinar, and there are no applications to remember the rest of the currency, despite the availability dramatically.
millionday] He added that 95 percent of financial flows to Jordan, in the current period, dating back to the Jordanians working abroad, which is subject to censorship, fear of money laundering operations, which constitutes a nuisance to recipients of remittances.
Increased the volume of deposits in Jordanian Dinars by 16% during the first five months, of the year current, reaching 38.79 billion dollars, of the total deposits in Jordanian banks of 49.62 billion dollars.
since 1995 connects Jordan currency dinar in U.S. dollars at an average price 709 "Fils" for the dollar, with the aim of achieving a greater degree of stability in the exchange rate of the dinar,
while the rest of the other major foreign currencies, is determined exchange rate of the dinar against the developments according to the exchange rates of those currencies against the dollar in the global financial markets. The total foreign currency deposits during this period to $ 10.83 billion.
[millionday] NOTE -- AS WE CAN SEE -- THE MOVEMENT OF MONEY IS ALWAYS GOOD AND ALSO THE RELATIONS TO IMPROVE IS VERY ENCOURAGING AS WELL
[millionday] And Jordan is facing an economic crisis worsened in the last 3 years ago, due to the high budget deficit is estimated that this year 1.5 billion dollars, and the arrival of the public debt to 83% of the GDP of the country.
Added Syrian refugees, who were greeted by Jordan and number about 1.5 million refugees, financial burdens big on the budget, where the government recently announced its need for about 4.12 billion dollars to finance the basic needs of Syrian refugees. -
[millionday] SO AS WE SEE THE RELATIONS ECONOMICALLY BETWEEN IRAQ AND JORDAN ARE REURNING TO NORMAL –
THIS IS GREAT WITH THE RECENT VISIT TO JORDAN AND ALSO THE MANY CONTRACTS THAT HAVE BEEN PUT IN PLACE AND ARE EXPRECTED TO MOVE FORWARD WITH ALL THE REST WE HAVE READ ABOUT
ramses24d] Are the jordanians saying that the iraqi dinar will bolster THEIR economy?
[millionday] YES THEY ARE SAYING THAT IT WILL BOLSTER THEIR ECONOMY AS WELL –
WHICH SPELLS OUT IN A HUGE WAY A MARKET ECONOMY OR IT WOULD JUST BE ACCOUNTS HOLDING THEIR FUNDS WITH NO ADVANTAGE TO JORDAN -- THIS IS GREAT AND HUGE
mydinar100] I am convinced that Iraq is ready to go. It seems the CBI is afraid M is still lurking around the governments back door? Right?
[millionday] mydinar100 I DONT THINK IT MATTERS TO THEM WHO IS SITTING IN THE SEAT –
THE WORLD BANK HAS MADE IT VERY CLEAR THEY ARE TO STAY OUT OF CBI BUSINESS COMPLETELY SO THE CHAIR HOLDER DOESNT MATTER AS FAR AS WHAT IS IN INK
[millionday] HERE WE GO
[millionday] Revealed the Association of Iraqi banks, on Tuesday, for the reformulation of the rules of procedure of the Association to suit the need of banks operating in the country, and noted that the goal is to "develop", the banking sector, while confirming they are working to be the "real guns", for banks, drew that private banks have helped in "the reconstruction of the country."
A member of the Association of Abdul-Aziz Hassoun, said in an interview to the (long-Presse), "The association found that it is essential that there be new rules of procedure in line with the developments in the banking sector in Iraq, especially after the decision issued by the government agencies concerned with the sector,"
noting "The Association has decided to redraft its rules of procedure in line with the need of Iraqi banks operating in the country."
[millionday] NOTE -- THIS IS THE REASON FO THE DEVELOMENT BANK WHEN IT WAS BEING PUT IN TO PLACE --
[millionday] He said Hassoun that "new rules of procedure found him determinants of which take into account the rights of the banking sector and work in a unified and strong partnership for the development of the banking sector and build a base Iraqi bank to meet the requirements of economic and financial development in Iraq,"
noting that "the Association strives to be the true defender of the banks operating in Iraq and coordinated well between them and the monetary and fiscal authorities in the country to solve all the problems. "
[millionday] NOTE -- SO THIS IS IN PLACE NOW -- VERY INTERESTING
[millionday] He Hassoun that "private banks operating in Iraq have a special role and a leading role in the development of the country's economy through their participation in the reconstruction of the country through loans to large enterprises, medium and small,
as well as reducing unemployment and moving the wheel of investment and infrastructure projects, control and maintain the Iraqi dinar against the currencies other. "
It consists of the banking system in Iraq from 43 banks, as well as the central bank, and are distributed according to government ownership between seven and 30 waged, including seven Islamic, as well as six foreign banks.
millionday] SMILE -- SO THAT IS WHAT THE DEVELOPMENT BANK IS THAT WE READ ABOUT LAST NIGHT -- WOW THEY SURE DID GET THAT IN ORDER FAST -- WHOOOPOW
[millionday] AND I LOVE WHAT IT IS FOR -- SOUNDS GOOD TO ME
[Pablo] Are they still going to vote in the president on wed?
[millionday] Pablo THEY ARE TO ANNOUNCE THE NAMES
[pinkadonai1] Hope you mind if I mention this…my favorite part of the movie “The 10 Commandments” is not the parting of the red sea, or the plagues on Egypt, not even Yuel Brennor when he says “So let it be written, so let it be done” in his prince of Egypt voice…
no my favorite part is when Joshua tells Moses to stand on the rock in front of the millions of exiting Israelites and hold up the standard “Flag” to give the people HOPE!!!!!!
Thank you millionday for standing on the rock and giving all of us HOPE! Hope for a better life, for the chance to reach out and change other hurting people’s lives.
A chance for us to give hope where no hope would be found. And most of all, show the love of Jesus! Thank you millionday!
[millionday] AWWW THANKS HUN -- YW ALL THE TIME -- I AM GLAD TO HELP BUT DONT HOLD A CANDLE TO THOSE THAT WERE BLESSED WITH HIS WORD -- BUT THANK YOU HUN SO MUCH
[millionday] Finance Minister called purity of net debt, the House of Representatives, to make the adoption of the law of the financial budget for the current year at the top of his priorities,
because they are linked to the interests of citizens broken, indicating that the adoption of the budget in 2014 requires accelerate the formation of relevant parliamentary committees to take their role in the budget discussion.
[millionday] NOTE -- THAT IS THE MINISTER OF FINANCE CALLING FOR THE BUDGET BEING PASSED RIGHT AWAY AND IN A HUGE HURRY
[millionday] Safi said that "our ministry is working to end the preparation of the budget in 2015 while waiting for approval of the budget in 2014."
The finance minister has warned, the economic damage and disruption in the event of legal integration of the current year budget with next year in 2015, stressing the need to balance the 2014 legislation before the end of the year and as soon as possible.
faith1] so they are saying the banks are , linked, tested , all procedures in place and trained , also foreign banks are ready,, right ? and why are they telling us this now?
haven't we been reading about all the training, linking and platforms installed, tested and retested for some time now? seems the announcements to the citizens would have to be carried through in speedy fashion. Your opinion please... and Thanks !
[millionday] THEY ARE TALKING ALOT ABOUT IT FOR THE NEEDED CONFIDENCE THAT AFFECTS THE MARKET -- BOTH MARKET ECONOMY AND THE ISX IN ALL COUNTRIES –
THE LACK OF CONFIDENCE IN A COUNTRY CAN MAKE OR BREAK IT AND THAT IS NO JOKE –
THE MANY REPORTS THEY ARE PUTTING OUT WITH DETAILS ARE TO GAIN THE CONFIDENCE OF THE CITIZENS IN ALL BANKING WITH THE INSURANCE AND FOR ITS MARKET FOR THE ISX
AND ALSO THE LAWS BEING PUT IN PLACE SO THEY CAN BE CONFIDENT IN BUSINESS
AND THE PROTECTION BY SECURITY AND ALSO THE REGAIN OF AREAS BY THE MILITARY –
THEY HAVE REGAINED CONFIDENCE IN THE GOV BY ANNOUNCING THAT THE KURDS AND FEDS ARE WORKING TOGETHER AND THAT IS HUGE SO IT IS ALL FOR CONFIDENCE OF THE CITIZENS
[millionday] ALSO ANNOUNCING THAT JOBS ARE COMING FROM FOREIGN INVESTORS LETS THEM KNOW WHAT THE BENEFIT IS TO THEM
AND HELPS FOR THE ACCEPTANCE OF FOREIGNERS IN THE COUNTRY –
THE OUTSIDERS NEED TO BE EMBRACED AND WILL BE IF IT BRINGS JOBS AS THEY HAVE BEEN TOLD SO IT IS FOR THE MOVE TO A MARKET ECONOMY AND THE ABILITY FOR THEM TO MAKE MONEY ON-LINE AND IN IMPORTS AND EXPORTS --
[faith1] ok but tell me I will have a Job before i starve to death,,, citizens,,, i think they have confidence in the new GOI to produce at the feast or it will be total loss of confidence,,, Thanks You !
[millionday] THEY HAVE BEEN IN THEIR OWN WORLD FOR A LONG TIME AND THE UNDERSTANDING THEY GAIN FROM THESE REPORTS ARE PRICELESS DURING ADVANCEMENTS AND CHANGE OF THIS MAGNITUDE
[millionday] KNOW THAT OUR MARKET REFLECTS ANY LACK OF CONFIDENCE AND THAT IS IN COUNTRY OR OUT -- SO IT IS VERY IMPORTANT IN THE MARKET -- AND THAT IS WHERE THEY ARE GOING -- THANK GOODNESS
[highstarr] MD, do you know anything about the Forex ticket site? May seem off topic. but weird rates going on.
[millionday] NO I DONT KNOW THAT SITE SPECIFICALLY BUT COULD YOU BRING THE LINK TO US SO WE CAN LOOK AT IT ?
[highstarr] http://www.forexticket.c ··· 05991939
millionday] YOU HAVE TO GO UP TO THE USD -- US DOLLAR TO CHANGE IT TO THE RIGHT AMOUNT
[millionday] THEY HAVE THE US DOLLAR ON THERE TOO
[highstarr] I know nothing about that site, so sorry for the false alarm.
[millionday] THANKS HUN