Millionday News 10/06/14 Part 2
Millionday: NOTE -- THIS REPORT TELLS US A LOT -- MAKE SURE AND PAY GREAT ATTENTION TO THE WORDING
Millionday: Saleh pointed out that there is a "need for a national sense of financial savings because the fate of the Iraqis savings out of the country," stressing the importance of "the government resorting to financial diversification by offering tools to borrow and the involvement of the Iraqi public to support the war effort and the national economy."
For his part, said economic expert Basil Jamil Antoine in an interview to the (long-Presse), "The organization (Daash) seeks to destroy the Iraqi economy by targeting the oil sector, and gas and agriculture, which requires several actions in the war against him," calling for "the preparation of the budget emergency start the process of austerity in economic life. "
Millionday: NOTE -- IT IS VERY IMPORTANT TO MOVE FORWARD WITH THE BUDGET AND THE ECONOMIC REFORM
SO THAT THE DEFICIT MAKES SENSE AND THE RATE OF BORROWING MAKES SENSE DUE TO THE EXPENSE OF THE WAR EFFORT –
THEY DONT NEED TO OWE AT THE RATE IT IS BECAUSE IT IS UNFAIR FOR THE MANY AGREEMENTS AND THE GREAT GAIN THAT WOULD DESTROY IRAQ
AND FUND MOST ALL COUNTRIES WHEN THE REALITY RATE WAS SET IF IT IS NOT DONE BEFORE PAYMENTS WERE MADE AS AGREED UPON
Millionday: Antoine, "the postponement of many projects is essential that did not proceed after to reduce expenses starting from the highest officials in the state in anticipation of the future,"
stressing the need to "activate the domestic production and fortify food security for the Iraqi people, and the opening of border ports of the central and southern regions, and the increase efficiency of the ports. "
He suggested the economic expert, "the expansion of the oil pump and exported from the southern regions to compensate for the cessation of production from the northern regions."
Millionday: NOTE -- THE MONEY THEY SHOULD HAVE MADE HAS BEEN STALLED DUE TO THE WAR EFFORT AND THE GAIN MUST BE MADE TO AFFORD IT
Millionday: The Financial experts and economists criticized in, (the 21st of September 2014 Current), focusing the bulk of the volume of bank deposits in Iraq, amounting to nearly the 70 trillion dinars, in government banks, and renewed calls for the enactment of a law establishing a joint stock company from the government and private sectors,
to ensure the deposits of citizens , working under the supervision of the Iraqi Central Bank, to revive the private banks, as well as the national economy.
Millionday: NOTE -- THE LAW HAS BEEN CALLED FOR THE INSURE THE BANKS (LIKE FDIC) AND THE ENACTMENT OF THE STOCK MARKET
AND ALSO THE MONETARY POLICY AND THE REALITY RATE SO THAT THE NATIONAL ECONOMY IS ACTUAL -- GLOBALLY
Millionday: It is noteworthy that the organization (Daash) may impose its control over the city of Mosul, the center of the province of Nineveh, (405 km north of Baghdad), in (the tenth of June 2014), and the committing "atrocities" against its people, especially minorities like Christians, Shabak and others,
and the destruction of a lot of religious sites and Islamic civilization and Christianity, which was born a wave of resentment and condemnation of local and global him and accused him of committing "genocide", and then expanded to the city of Tikrit, and parts of Diyala province.
Millionday: DAASH ANNOUNCED IN JUNE THAT THEY WOULD BE TAKING OVER AND THIS SHOULD HAVE BEEN DONE SOONER –
HOWEVER -- IT WASNT SO THEY ARE CALLING FOR THE EMERGENCE OF THE BUDGET AND AN EMERGENCY BUDGET MEETING TO BE DONE –
NOW THIS WAS A FEW DAYS AGO OR A WEEK AND NOW WE SEE THE ANNOUNCEMENT THAT THEY ARE HAVING THE EMERGENCY MEETING ON SATURDAY -- SMILE
MArco: How is it considered an emergency meeting six days away.
Millionday: YES AS THEY HAVE RECIEVED THE FINAL OIL ACCOUNTS AND CALCULATIONS
awesomedtl: so does this mean it is imperative for this to get done, and will this sat be a vote or yet again discussions to schedule another meeting? is there a timeline for this to be done....even though they dont follow timelines ?? haha
Millionday: THEY ARE TO MEET AND IF THEY VOTE OR NOT WILL HAVE TO BE KNOWN AFTER THE FACT --
WE DONT KNOW WHAT THEY WILL GET DONE BUT THEY ARE MEETING FOR THE READING OF ALL AMENDMENTS DURING THE WEEK
Millionday: I HAVE TWO MORE THINGS TO SHOW YOU AND THEY ARE WHOOOPOW
Millionday: I JUST DIDNT KNOW IF I WOULD BE ABLE TONIGHT --THIS CAME OUT TODAY AS OFFICIAL GLOBAL NEWS
Millionday: BRB WITH IT GET READY TO SMILE
Millionday: 250 dinars, ٢٠١٣ - ١٤٣٥ (2013/AH1435). Like CBI B47, but new date, new signature (Abdul Basit Turki Saeed), and one intaglio circle at upper left front for the sight impaired. -- ALSO >>>>> 500 dinars, ٢٠١٣ - ١٤٣٥ (2013/AH1435). Like CBI B48, but new date, new signature (Abdul Basit Turki Saeed), and two intaglio circles at upper left front for the sight impaired.
Millionday: NOTE -- THESE ARE OFFICIAL GLOBAL CURRENCY -- WHOOOPPOW
Millionday: 250 , 500, AND THE 1000 DINAR NOTE -- WHOOOPOW
awesomedtl: so meaning they are ready to release is that why this is good?? elaborate please they put out the new 10's also and we saw nothing????? just need explanation so can share excitement lol they need a global rate haha
Millionday: THE THING IS THIS
Millionday: THEY WERE ANNOUNCED TO BE PRINTED AND NOW THEY ARE LISTED GLOBALLY AS THE OFFICIAL NOTES OF IRAQ --
THE OFFICIAL DENOMINATIONS---- AND THIS IS AS OF TODAY OCTOBER 6TH -- WHOOOPOW
Millionday: SO LET ME SAY THIS THE NOTES ARE NOT USEFUL AT 1166 PERIOD
love it 2 how can it be "official currency" when it is worthless presently ?
Millionday: I NORMALLY DONT THROW MYSELF OUT THERE BUT IT DOESNT TAKE A ROCKET SCIENTIST TO UNDERSTAND THAT THE RATE OF 1166 WILL NOT MAKE 250 AND 500 USEFUL AT THAT RATE
Millionday: THE EXPENSE FOR A COUNTRY TO PRINT CURRENCY IS NOT A SMALL ONE ---
AND THEY WILL NOT BRING THEM OUT FOR A RATE THAT WILL ONLY MAKE THEM USEFUL IF THEY NEED A % OF A WHOLE DENOM
Millionday: THEY WOULD BE LOSING MONEY AND WOULD NOT RELEASE THEM AS AN OFFICIAL CURRENCY AT THIS TIME IF IT WAS A LONG TIME BEFORE THEY WOULD BE USED EITHER
Millionday: THEY NEVER RELEASED THEM AS THEIR CURRENCY TO THE GLOBE BEFORE WITH THE REPORTS WE HAD THAT THEY WERE PRINTED ECT
TxBrand: why did they choose certain denoms to be OFFICIAL GLOBAL CURRENCY ..why are the others being left out ?
Millionday: THE OTHERS HAVE BEEN LISTED BEFORE AS IN THE 50`S AND ALSO THE LISTING WAS DONE TONIGHT AND DOES NOT MEAN THE REST WILL NOT BE LISTED –
IT IS UNDER THE SERIES NUMBER AS WELL AND ALL OF THE DENOMINATIONS
Millionday: THE SERIES NUMBER AS WE SEE UNDER THE LISTING GOES FOR ALL OF THE BILLS
awesomedtl: did they release them yet or just officially made them global currency??
Millionday: THEY RE LISTED AS THE OFFICIAL NOTES WITH ALL OTHER COUNTRIES THAT HAVE RELEASED CURRENCY (NEW) THIS YEAR ---
THEY HAVE NOT UPDATED THEIR CENTRAL BANK RATE OR THEIR STOCK MARKET PRICE YET AND HAVE NOT FROM OCTOBER 2ND
thomas1: is bgg on and what is his take if do not mind me asking
Millionday: HOW WOULD HE HAVE A DIFFERENT TAKE ON IT HUN -- THEY ARE LISTED AS GLOBAL OFFICIAL CURRENCY AS OF TODAY -- WHAT IS THERE TO SAY ?
highstarr: Please forgive my ignorance, but I have a disconnect in my understanding about this. Since the new 1000 note is printed and official global currency and the new 10000 notes were released,
doesn't that leave our 25000 dinars note a too-good-to-be-true situation? Seems likely to me that it will equal 25 dinars or be worthless.
It just doesn't make sense to release 1000 notes when 500s and 250s are available without the expense of printing new currency in an struggling country. I am concerned, but admit that I do not understand global currency changes.
Millionday: NO IT IS NOT MAKING OUR NOTES OR IRAQ`S NOTES OF 25,000 DINAR ANY LESS OFFICIAL ---
DUE TO INTERNATIONAL LAW -- CURRENCY CAN NOT BE SIGNED AND USED AS OFFICIAL CURRENCY AND NOT BE REPRESENTED AS AN OFFICIAL NOTE OF DEBT OR DEBTORS NOTE BY THE COUNTRY THAT RELEASED IT
Millionday: OUR NOTES REMAIN OFFICIAL AND WHEN THE RATE IS CHANGED WE WILL HAVE A GIVEN AMOUNT OF TIME TO EXCHANGE THEM FOR OUR CURRENCY OR ANY OTHER COUNTRY CURRENCY
MGM Millionday: Have they printed the 5's 10's and other lower denoms yet?
Millionday: YES THEY HAVE STATED THEY HAVE
TxBrand: doesnt make since to me...why tell anyone that the 250 1000 etc would be their official currency if the other would be as well ?...
Millionday: WOULDNT SHE MEANT
Millionday: I AGREE
Millionday: ALL THAT WAS UNDER THAT PRINT OF THIS YEAR AND THE SERIES WOULD ALL BE OFFICIAL
ol lar: i wonder if there notes released are being singled out because they have the added security and Braille features and the lesser notes are not reprinted with those features. They are already listed with the banknote news site
Millionday: NO THEY ALSO HAVE THE FEATURES FOR SECURITY AND ALSO THE BRAILLE FEATURES
Millionday: I JUST GOT THIS AND IT WAS JUST RELEASED
MArco: Great news about the lower denoms but our barometer has been the GOI being done for the RV. Any thoughts on that? ( I know you don't do opinions what is going on with Defense/Interior ministers etc ?
Millionday: I ONLY REPORT NEWS ON THE SUBJECT MARCO AND ABADI HAS STATED THAT IN THE NEXT DAYS HE WILL BE PUTTING THE MINISTERS IN FRONT OF PARLIAMENT -- I BELIEVE IT IS THURSDAY IF NOT TOMORROW
Millionday: I DONT HAVE AN OPINION BUT THat ABADI HAS MADE MULTIPLE REPORTS THAT HE HAS WHO HE WANTS CHOSEN AND WILL MAKE SURE THEY ARE IN PLACE IN THE NEXT DAYS BUT THAT WAS TWO DAYS AGO
GrannieAnnie: Could they be thinking ahead sorta. Like after the RV happens and we all exchange our dinar that we are holding, that after that happens, they will only be using the smaller demons for their official currency? And no be using the larger demons? Makes more sense this way I think at least. Thank you Millionday for all that you do darling.
Millionday: YW ALL THE TIME HUN -- YES THAT IS RIGHT -- AFTER THE VALUE CHANGES WILL BE WHEN THEY WILL BE USING THE SMALL DENOMS AND THAT WILL ALSO BE WHEN THE INTERNATIONAL RATES CHANGE –
ALL THROUGH DATA ENTRY AT THE SAME TIME AND THEN THE IRAQI CITIZEN WILL HAVE TO MAKE SURE THEY HAVE THE SMALL DENOMS FROM THEIR EXCHANGE SO THEY CAN BUY THINGS AND WE WILL HAVE THE US DOLLAR
Donnie: "WE WILL HAVE A GIVEN AMOUNT OF TIME TO EXCHANGE THEM FOR OUR CURRENCY "
what do you mean a given amount of time? Like days? Weeks? Months?
Millionday: THE REGULATIONS WILL BE RELEASED WHEN THEY CHANGE THE RATES FOR ALL COUNTRIES –
AS WE HAVE INVESTED IN THE CURRENCY BUT THERE ARE ALSO CONTRACTS THAT ARE FROM MANY COUNTRIES SO THEY HAVE TO HAVE A RATE TOO ---
THEY WILL RELEASE ALL THE TIME TABLES FOR THE INDIVIDUAL AND THE MONEY EXCHANGE BUSINESSES AND ALSO THE GOVERNMENTS WHEN THEY CHANGE THE RATE AND ENTER THE GLOBEL FOREX MARKET
Tiger: With the lower denoms being released it leads one to think an increase is coming soon, because to keep rate at 1166 people would have to have 100 250 denoms to equal 25,000 note, is this correct, it makes the 250 useless right ?
Millionday: ABSOLUTELY CORRECT AND ALSO THEY ARE 2014 CURRENCY NOTES -- WHOOOPOW
Millionday: WE WILL SEE YOU TOMORROW NIGHT AT 730 EST
Millionday: THIS RIDE HAS BEEN A LONG ONE AND THE NOTES ARE OFFICIAL SO LETS SEE WHAT COMES NOW -- WHOOOPOW
watchman42: MD, you may have already done the math, if not it's really simple. $1.00 (USD) divided by the current value of one dinar 1166 (or .000857, if you divide $1.00 by 1166)
So, this means that the 250 dinar is worth 21 cents (US), 500 dinars are worth 42 cents (US) and 1,000 dinar is worth 84 cents (US)
Millionday: WATCHMAN -- THEY PAY MORE THAN THAT TO PRINT AND SHIP -- SMILE
watchman42: that's the really great news!!!
Millionday: OH YES HUN -- THE REALLY GREAT NEWS