Millionday News 5/19/14 Part 2
Welcome Monday Night News With Millionday!
[millionday] here we go -- Recommended investment conference in the Iraqi market for securities held in Dubai, constantly holding annual conferences, and invite the second session of the Conference of the investment in the Iraqi market for securities in 2015 in Baghdad.
conference also invited, according to a statement posted on the Iraqi market, financial institutions and international banking cooperation with Iraqi banks to start services custodian in the Iraqi market for securities.
also recommended to amend and change any instructions that would hinder the movement of the stock market, so as to ensure the rights of investors and facilitate the inclusion of new companies in it, and seek with the competent authorities in the next government, to speed up the approval of the Securities Exchange Act new .
conference was organized by the Iraqi market for securities and Economy and Business Group with the participation of about 200 officials, experts and investor
[millionday] so they are trying to hurry or speed up the securities exchange act in Iraq -- a new one too -- love it they will continue to hold these conferences as we saw in another report earlier as well
[millionday] here we go -- Najaf provincial council said that all strategic projects planned for implementation during the current year stalled due to the delay in approving the budget,
calling for political blocs in the House of Representatives to speed up the consensus on the draft budget. The head of the Legal Committee of the Council Hussein single "The strategic projects planned by the province to implement this year, parked, and that are related to infrastructure as projects sewers, and roads, and the creation of buildings, and sanitation projects as a result of the lack of financial liquidity."
[millionday] He added that the sole "on all political parties to consider the size of the damage to all the provinces due to stop the implementation of projects under the annual plan and to meet and correspond on approving the budget."
House of Representatives was unable to approve the current federal budget for the year 2014 in spite of receipt by the government before the more than three months because of political differences.
And ending the current work of the House of Representatives in the 14th of next month, while still balancing the list of differences without reaching a solution on the horizon.
[millionday] so they are saying here that the delay in the budget is doing just what we think it is doing -- causing delays in everything for everyone
[millionday] all projects and strategic framework agreements smile brb with more
[graylnjo] What happened to the emergency meetings to get that very same budget passed????
[millionday] the report stated that it would take place after the election results -- so we wait
[millionday] i have some thing on the election that i will bring next
jtank] Do the CBI and the reality rate need the DFI funds to be released before they can move forward:
[millionday] no -- cbi can release the reality rate when they are ready to
millionday] brb with something interesting
[millionday] Baghdad - where he said the legal expert Tareq Harb said in a statement today, the agency received all of Iraq , a copy of it, that "the Vice President of the Republic Dr. Khodair al accordance with the provisions of Articles 54, 75 of the Constitution call the new parliament to convene by a presidential decree within days from the date of approval of the Federal Supreme Court on the election results, in accordance with the provisions of Article [93 \ VII of the Constitution, noting that the previous procedures, formalities and the routine and Ojobeh are by virtue of the Constitution and not discretionary Permissibility.
" The Independent Higher Commission for Elections announced today the results of the election where he got a coalition of state law, the Supreme seats have been made seats.
[millionday] so the vice president according to the constitution can put the new parliament to work within 15 days of their announcement of official election results
[topgun] Several months ago there was a great deal made of the lack of a less than 2% spread by the IMF. Is this still a concern before they RV?
[millionday] i believe what that was referring to was the amount of change in what a dollar will buy you and what a dinar will buy you so that the country can be truly DE dollarized even in the black market -- but i may have missed a report
[radronin] WOW!! Great news MD!!!
[millionday] is it something else that you are referring to?
[radronin] So, they can be seated & working before June 15th??
[znn] radronin Maybe that is why they have announced early?
[topgun] Kap in the conference calls with BGG referred to the "less than 2% spread of the DINAR" in reference to the IMF going along with the RV .. Hope that helps
[graylnjo] Why did it take 10 months to seat them last election??
[millionday] it was not electronic and the election was a mess
[millionday] radronin yes according to the constitution
[jtank] and no big money
[jackflash101st] Great call last night by the way..Not to change the subject but any new WTO updates??
[ggrr] I dont think Iraq would be doing all they are and have done if they were not programing to go live
[millionday] jackflash101st thank you smile -- not that i have seen
[millionday] ggrr good point
[millionday] let me check for more news brb
[millionday] yw all the time
[millionday] who had the report they wanted to bring
[ggrr] if iraq wasnt doing all this to go live, what else would they be doing it all for
[millionday] ggrr it wouldnt make sense imo -- but we wait
disciple7] http://www.bizarredinar. ··· raq.html
[Imperator] Its says the all the kurds in turkey, itaq and syria want their own country
[millionday] disciple7 the thing with that is that it is way in the future
[disciple7] Oh ok good..
[disciple7] Thank you
[millionday] they at this time depend on too many imports for the necessities that they need to survive -- things will change if it goes how they expect it to
[millionday] the thing is that the kurds are not going to be a separate state right now ---
[disciple7] Yea I was confused, that's why I brought it.. Thanks
[millionday] in the future -- this may be but right now they are not in a position to do that
[millionday] yw all the time hun
[slh5282] If the Kurds create a separate state that would be a significant financial blow to Iraq would it not?
[slh5282] not a state but country
[ggrr] Who Owns the Central Bank of Iraq? The Central Bank of Iraq was established in 1947 and currently owned by Abdel Basset Turki, as of January 2013. The bank is headquartered in Baghdad, Iraq. The Council of Ministers of Iraq supervises this bank.
[millionday] slh5282 it would change the region and develop a new market and also new competition in the region and in the market -- right now that is not going to happen -- they are not in a position right now
[millionday] ggrr he is the governor of CBI right now and given the position by the goi
coolspot] ggrr Check again friend
[ggrr] coolspot about what
[jtank] rt on md-- chill
[coolspot] ggrr onership
[ggrr] coolspot no that is correct The Council of Ministers of Iraq supervises this bank.
[millionday] Turki is the governor of CBI not the owner
[jtank] he had a smiley face
[ggrr] as of 2013 he was
[coolspot] ggrr Turki does not own it
[millionday] i will do some research on this -- the ownership of the building is a little different but will do some research outside of ask.com
babe688] I checked a few places md and that one is the only one thats different the all say Rothschild owns the cbi
[millionday] ask.com kind of covers words in a different way than you state it sometimes -- actual ownership of the iraqi central bank -- is a little different i believe but will do some research on it
[millionday] i want to be a roth