Millionday News 4/21/14 Part 1
Welcome to Monday Afternoon Roundtable with Millionday!
[millionday] this is the whopper for today among many >>> ] Central Bank of Iraq declared that it granted approval to the companies of money transfer to open accounts directly in the Bank.
A statement for the Central Bank of Iraq cited that: "The Board of Directors, in its meeting yesterday, decided to let money transfer companies to open accounts in the Bank directly deal with both / Iraqi dinar and dollar / to carry out the purchase of foreign currency."
[swan2013] millionday millionday AWESOME NEWS!
[millionday] huge brb with rest
[millionday] The Bank asserted that the opening accounts for the companies directly will contribute to the expansion of auction of foreign currency and contribute in the stability of the currency exchange rate permanently.
[millionday] whooopow so lets talk about what this is - this is huge but let me explain my opinion and then you all get off the floor lol
[millionday] so with the exchange rate coming permanently -- we know that the licensing of these money exchange companies are complete so what we have is a step in the process that is a very big step of setting the rates for them and us
[millionday] so anyone want to add a whooopow ? lol
[tbob] whoooopow!! lol
[Richard Incrocci] WHOOPOW
[Richard Incrocci] WHOOOOPOW
[Richard Incrocci] WHOOOPOW
[Red Skyy] Whoopow x3
[Richard Incrocci] And a big ole whooopow
[mrref1216] Great whooopow
[millionday] this is obviously very good news and remember this is probably a day behind with what news comes out timewise i agree smile
[luckyone] Whoooop pow
[millionday] ok have something else on the subject brb
Danalivin4HIM] ??? would these companies be like dinarcorp or are they banks? just wondering
[millionday] they are talking about the companies right now in country
[Danalivin4HIM] thank you milliondy
[ggrr] "Whoop there it is "
[swan2013] millionday IN IRAQ... NOT USA RIGHT
[feebslayer] afternoon all
[millionday] licensing will be allowed for investors but the market will be the account when this is done -- the currency market
[millionday] here is more on it from another
[millionday] swan2013 right
[millionday] Central Bank of Iraq, Monday, for allowing the money transfer companies to participate ERA currency, stressing that this would contribute to the stability of the exchange rate permanently.
The bank said in a statement received "Alsumaria News", a copy of "The bank's management has agreed to do money transfer companies to open accounts directly with the Central Bank of Iraq (Iraqi dinar and the U.S. dollar) to carry out the purchase of foreign currency."
[MsDiva] BIG Whooop
[millionday] note -- they are going to allow them to take part in the auction as well
[ggrr] With double cheese
[crank7] millionday bring it!!!!!!!!!!! LOL
[millionday] and bacon
[millionday] The bank added that "this process will expand special events auction of foreign currency and contributes to the stability of the exchange rate permanently."
The Central Bank of Iraq was established as a bank independent under the law issued on the sixth of March 2004, as an independent body, which is responsible for maintaining price stability and the implementation of monetary policy, including exchange rate policies are being daily sessions for buying and selling currencies.
[jtank] supesize mine
[millionday] wow how does an ink girl not seem excited lol
[millionday] now this is fun news to say the least
[swan2013] millionday ON THE FLOOR, can't get up lol
[ggrr] No super sizes RV
[millionday] whooopow that is huge steps in a small step world
[mrref1216] lol the best news in quite a while
[MsDiva] millionday millionday you got it going on girl whoo whoooooo
[kimberly1] It seems they are preparing for that RV to me why do the licensing if you aren't ready to roll
[larrykn] MD if they have all this in place now what is the holdup IYO[
MsDiva] kimberly1 thats a good thing
[feebslayer] Hi Million
[mrref1216] kimberly1 they been preparing for the past 10 years lol
[kimberly1] Most definitely!
[clay] mrref1216 lol
[clay] larrykn good quesyion
[kimberly1] Never seen the ink this close before I am excited
[lstar877] Let me know when I can give two week notice!
[jtank] when uusa dealers ?
[mrref1216] Every year they appear to be getting closer lol
[kimberly1] lstar877 when you got money in hand
[clay] lstar877 i already did Dec 2010 lol
[millionday] larrykn i dont see a hold up but i have more so lets look
[ggrr] Do it
[crank7] ggrr lol
[millionday] i dont see anything being a problem and remember this is crazy but CBI will add pressure at some point because they are and have announced they are moving forward and doing it in set steps brb with more
[millionday] oh boy just like i said here we go lets look at what CBI is doing -- they are moving forward
[millionday] The governor of the Iraqi Central Bank and the Agency Abdel Basset Turki, on Sunday that international financial institutions have expressed keen interest to support development projects implemented by the private banking sector in Iraq,
noting that the central bank intends through his future plans to go about the work of reforms to shift to the banking system, a comprehensive and integrated.
[millionday] He said Turkish for "tomorrow's Press," said that "the international financial institutions such as the IMF and the World Bank play a major role in Iraq by supporting and financing the private sector represented by the banking sector of Iraq," noting that "the number of international projects at this time amounted to four projects only to support this vital sector.
[millionday] note -- so they are not loaning money without the budget in place to the iraqi gov but they are willing to move forward with reforms to activate exchanges so that the international projects can begin
[mrref1216] I like it when TURKI speaks up lol
[millionday] "The international institutions created nearly 900 million dollars to provide the necessary funding for the advancement of banking sector in Iraq," pointing out that "the central bank intends through his future plans to go about the work of reforms to shift to the banking system, a comprehensive and integrated approach in Iraq.
[millionday] love it
[clay] hes still a Turki
[Richard Incrocci] When Turki speaks, everyone listens lol
[mrref1216] thats true lol
[millionday] Turki said that "there is a real international support for Iraq for the advancement of the banking sector and the private sector by supporting the development projects carried out in different parts of the country.
[millionday] He accused a member of the Committee of Economy and Investment parliamentary MP Aziz Shareef al-Mayahi in, the 12 of February, "the central bank to take measures intended to demolish the domestic economy, with its governor threatened to call Abdul-Basit Turki of the Parliament in the event of the continuation of that policy"
[millionday] ok so obviously we are seeing the government saying -- what ? oh he has to come and talk to parliament as we see here to move forward with this but and a huge BUT -- I have something else to show you
[millionday] whooopow -- brb with what the Big Dog has to say about it
[jtank] Looks like they do not need the budget now
[millionday] hold on to your hats and look who is behind this >>> ] Minister of Finance Agency purity of net debt, Sunday, with the U.S. Treasury Department financial topics between the two countries concerning the strategic framework and the protection of Iraqi funds, while stressing that the United States has pledged to work to promote investment in Iraq.
[millionday] big smile there is more
[mrref1216] So the good ole USA was behind this the whole time
[millionday] Safi said for "tomorrow's Press," said that "the United States does not have an active presence in the development process in Iraq, and there is no only have a little bit of financial activities and investment in the country," noting that "talks with officials of the U.S. Treasury Department on aspects of economic, commercial and financial relations between the two countries and ways of strengthening them. "
[millionday] i dont have that in ink hun smile
[millionday] note -- they have not a lot in iraq but are willing to make it much more in the money movement phase of economic reforms and also are willing to go with investment
[millionday] this is VERY IMPORTANT STATEMENT NEXT
[millionday] "The talks also included discussion of the procedures that will be followed by Iraq to protect his assets abroad, which will end a period of international immunity reported in the twenty-second of May next,"
explaining that "the U.S. side expressed readiness to strengthen and increase the work Eshrkath Iraq's various investment sectors, particularly in the field of energy and electricity and the fields of banking. "
[millionday] note -- we like fields of banking
[mrref1216] yes lol
[millionday] Net explained that "there is a great consensus internationally and fully satisfied the measures to be taken by Iraq to protect his money after the lifting of immunity, whether legally or financially.
" Referred to the presence of the U.S. is not active in the development process in Iraq, and there is no only have a little bit of financial and investment activities, while the Iraqi government to discuss with the U.S. side for the sake of the development aspects of economic, trade and financial relations between the two countries.
[millionday] so the last part is telling us do not misunderstand -- it is not the US of A that is part of this -- they are just wanting to invest -- smile
[millionday] love that part -- ,,,,,,,,,,,,,,,,,.now let me show you one more thing and we will talk for a sec
[millionday] here we go -- lets look at the agreement -- first page of what they are activating as far as the agreement
[millionday] TRADE AND INVESTMENT FRAMEWORK AGREEMENT BETWEEN THE GOVERNMENT OF THE UNITED STATES OF AMERICA AND THE GOVERNMENT OF THE REPUBLIC OF IRAQ CONCERNING THE DEVELOPMENT OF TRADE AND INVESTMENT RELATIONS The Government of the United States of America and the Government of the Republic of Iraq (individually, a "Party" and collectively, the "Parties") :
[millionday] Recognizing the urgent need to revive Iraq's economy, bolster private-sector development and further Iraq's reintegration into the world economy, and noting the work of the U .S .-Iraq Joint Commission on Reconstruction and Economic Development to advance these objectives ;
2 . Desiring to enhance the bonds of friendship and spirit of cooperation between the two countries ;
Desiring to further promote both countries' international trade and economic interrelation between both countries ;
4. Recognizing the importance of fostering an open and predictable environment for international trade and investment ;
5. Recognizing the benefits to each Party resulting from increased international trade and investment, and that trade-distorting investment measures and protectionist trade barriers would deprive the Parties of such benefits ;
6. Desiring to promote transparency and to eliminate bribery and corruption in international trade and investment ;
[millionday] so that is the first page of the agreement -- huge smile - sure does look like the agreement of what we just read is to begin so whooopow
[millionday] i have to say the permanently word for the exchange rates is the best part - oh we have news on the wto smile
[kimberly1] I liked to see that word!
[millionday] just thought i would let us take a break
[millionday] sure is a lot going on wouldnt you say ? lol
[kimberly1] A lot happening and very fast!
[sczin11] millionday lets digest and summarize what you have brought in.. please!!!
[jetset] rv now!
[jtank] Soooo Close
[swan2013] OMG... I am on the floor and so READY TO GET UP AND GET MOVING WITH THIS BLESSING!!!
[Signman] MiLionday ?
[jtank] Call it MD--lol
[millionday] oh honey
[Smokey Mtn. Dinar] jtank Sooooo Close......But still just out of reach....for now.
[millionday] i am so ready -- what a long ride it has been
[sczin11] millionday is this an article as a summary from the meetings last week in US..??
[millionday] ok so let me show you the wto - no this is communication either today or yesterday
[millionday] probably today with holiday
[slh5282] I'm late but here
[sczin11] millionday ty
[millionday] and also remember the OMF demanded that all arab countries do what they have been told and reform
[millionday] welcome hun
[jtank] tardy slip for you lol
[millionday] welcome all that are just coming in lol brb with more
[slh5282] Any good news thus far?
[millionday] slh5282 lol oh hun you will have to read -- so much
Comments may be made at the end of Part 2 Thank You