Millionday Roundtable 5/4/15 Part 1
Welcome to dinarupdates.com for Roundtable with Millionday!
Millionday: WE HAVE SOME VERY INTERESTING NEWS -- TO LOOK AT THAT IS FOR SURE
Millionday: THERE WAS ALOT OF TALK ABOUT NEGATIVE NEWS COMING OUT AT SOME TIME TO ADD CONFUSION AND I SEE WE HAVE JUST THAT ALL OF A SUDDEN
Millionday: Monday, the regular session of the House of Representatives, to read a number of draft laws.
According to a parliamentary source familiar told all of Iraq [where], that "the meeting was held, headed by Speaker Saleem al-Jubouri, and the presence of 185 deputies."
It includes agenda of the meeting, to vote on the bill abolishing the Revolution Command Council resolutions Law [dissolved] Resolution 116 of 2002 and Resolution 11 for the year 2003 and the decision 94 of 2002 and Resolution 40 of 2002, and vote on the draft signatures Law on the documents, and
Millionday: documents in Arabic and foreign No. 52 of 1970. According to a statement of the Council. It also includes, the vote on the first draft amendment to the Law on the Protection of mass graves No. 5 of 2006, and discuss the issue of staff self-financing in all ministries to a request from 41 Vice companies.
It includes, the table also the first reading of the draft National Commission for Informatics Law, and the first reading of the draft law of arms, and the continuation of the second reading of the draft anti-drug law and the effects
Millionday: SO THE AGENDA THEY ARE ADDRESSING DO NOT HAVE ANY OF THE "IMPORTANT LAWS " IN IT BUT WE KNOW THE HEADS OF PARTIES AND COMMITTEES ARE MEETING –
WE ALSO KNOW THAT HOLIDAYS WERE CANCELLED FOR THE LAWS SO THIS LOOKS AS THOUGH THE NEWS OF THOSE LAWS HAS NOT BEEN RELEASED
puffdragon: Any speculation on why that info not released?
Millionday: I WOULD THINK IT WOULD BE RELEASED ALL AT ONE TIME AND IN A PRESS STATEMENT –
THEY NEED TO BE COMPLETELY FINISHED AND WOULD EXPECT THE HCL AND FEDERAL COURT ACT WILL BE RELEASED AS A LARGE ANNOUNCEMENT --
puffdragon: So as we have herd in the past it to go all at once!
Millionday: THE NATIONAL RECONCILIATION SHOULD FOLLOW ACCORDING TO WHAT WE HAVE READ
Millionday: I WOULD SAY IT HAS TO BE TO COMPLY LEGALLY AND ALSO CONSTITUTIONALLY --
Millionday: I HAVE ALWAYS EXPECTED SOME SLOW AND NEGATIVE NEWS AT THE END OF THINGS -- SO IT EXCITES ME WITH ALL WE HAVE READ RECENTLY
Millionday: The Commission on Economy and Investment parliamentary member of the Charter of Hamdi, Monday, that the central bank can not delete the zeros due to the unstable economic situation,
as pointed out that the bank regarding the treatment of these things will be printed new financial category worth fifty thousand dinars.
Millionday: NOTE -- OBVIOUSLY THIS DOES NOT MATCH MANY THINGS GOING ON THAT WE HAVE READ IN THE PAST MONTH OR EVEN LONGER
Millionday: Hamidi said that "the economic and investment commission parliamentary hosted on Sunday, the CBI director on the Keywords, and discussed for the provision of liquidity and increase demand for the dollar as well as the issues of disparity in the exchange rate."
Millionday: NOTE -- THEY WANT THE LIQUIDITY TO BE COMPLIANT AND ALSO ECONOMIC STABILITY FOR INVESTMENT
Millionday: She said that Hamdi "Keywords stressed that the process of handling these things, where they will be printed new financial category worth fifty thousand dinars," indicating that "the Bank for printing percent category thousand dinars to a later time."
Millionday: NOTE -- PRINTING PERCENT CATEGORY THOUSAND DINARS? -- VERY INTERESTING ----- SO THE PRINTING OF THE FIGURES WITHOUT THE THREE ZEROS TO BE DONE LATER --(THOUSAND PERCENT) ------
Millionday: She Hamidi that "the central bank can not delete the zeros because of the current situation and the unstable Iraqi economy", calling on the central bank to "increase revenue that will be supplied cash and liquidity and difficult process which eases the burden on the citizen."
Millionday: NOTE -- ASKING THE CENTRAL BANK TO STEP UP THE STABILITY OF THE ECONOMY –
AS IT IS RIGHT -- IT IS NOT THE IDEAL SITUATION TO REMOVE THE THREE ZEROS
Millionday: It is noteworthy that some economists believe that Iraq is not formatted for the time being to delete the zeros of the Iraqi dinar, pointing out that the deletion needs to be a security and political stability as well as stability of the economy.
Millionday: OBVIOUSLY THE STABILITY OF THE DINAR EXCHANGE RATE PER INTERNATIONAL EQUATION WOULD ADD STABILITY AND ALSO THE MOVE TO A MARKET ECONOMY ADDS STABILITY –
THE SECURITY IS CHANGING AS WE SIT HERE -- AND THE HUGE AGREEMENT WITH THE KURDISTAN REGION HAS ADDED MORE POLITICAL STABILITY THAN WE HAVE WITNESSED IN MANY MANY YEARS
Doug_W: to me that means 86 cents per Dinar (1 thousand percent) your thoughts MD plz?
Millionday: TO ME IT MEANS THAT THEY ARE NOT GOING TO PRINT THE CURRENCY WITHOUT THE THREE ZEROS RIGHT AWAY ---
THIS TO ME MEANS THAT THE IDEA THAT THE 50,000 IS GOING TO BE VALUED AT 50 IN THE BEGINNING OF PRICING MAY MAKE SENSE --- SO MANY REPORTS CONTRADICT EACH OTHER BUT THAT IS EXPECTED
Millionday: I AM NOT CONCERNED ABOUT THE STATEMENT BUT AM EXCITED THAT THEY ARE PUTTING OUT NEGATIVE STATEMENTS --
Millionday: BGG HAD A VERY GOOD REPORT ON IT AS WELL AND ADDRESSED THIS ON THE BLOG --- WE EXPECT NEGATIVE REPORTS -- THAT IS NEWS IN ITSELF
CanTWaitwoRV: just sounds like to me this parliament member (non cbi), is basically saying they can't delete the zeros without physically ripping the 25k notes apart
CanTWaitwoRV: trying to educate their own citizens imo
CanTWaitwoRV: maybe they can start drawing pictures and white bouncing balls?
Millionday: THE PERSON THAT IS STATING THIS WOULD NOT BE THE ONE THAT WOULD MAKE THE ANNOUNCEMENT -- GOOD POINT CANTWAIT
Millionday: WE CAN EXPECT TO SEE REPORTS LIKE THIS -- ALWAYS REMEMBER WORDS ARE WORDS -- BUT THE ACTION ---- NICE
Millionday: NOTE - JUST YESTERDAY THEY WERE DISCUSSING THE ACTIVATION OF THE SFA AND SO MUCH MORE GOING ON -- SMILE
puffdragon: MD KTFA said the same 50000 same val as 50 in beginning.
Millionday: Parliamentary Finance Committee revealed, on Monday, it will be presented today during the debate on the subject of the staff of self-financing companies in all plan to accommodate the employees of those companies affiliated to the Ministry of Industry and other ministries in the private sector ministries.
Millionday: The committee member said Sarhan Ahmad told / information /, "The number of members of the House of Representatives have applied site of 41 deputy to discuss the staff of self-financing companies in all ministries, where it was included on today's agenda of the meeting."
Millionday: NOTE -- THE WHOLE POINT >>> we will plan to accommodate employees of the self-financing companies in the private sector
Millionday: He added Sarhan "The Finance Committee has prepared a comprehensive plan to accommodate the staff of self-financing affiliated companies of the ministries all of During transferred to the private sector, "noting that" the goal of the plan is to activate the private sector and providing it the Iraqi expertise of the staff of those companies, in addition to the plan imposes on the government to support the private sector financially.
Millionday: NOTE -- THE ACTIVATION OF THE PRIVATE SECTOR IS THE ENTIRE PLAN AND THE IRAQI FINANCE COMMITTEE IS GOING TO FUND THE EXPERTS NEEDED FOR THE UNDERSTANDING FOR THE BUSINESSES -- REGULATIONS, LAWS, STEPS, ETC
Millionday: NOTE -- OBVIOUSLY THEY NEED THE BUDGET OPENED FOR PAYMENT AS WELL --- PRESSURE
Millionday: Hundreds of employees of the self-financing companies staged during the last period massive demonstrations in a number of provinces to protest the delay in payment of their salaries
Millionday: AND AS WE SEE HERE DEMONSTRATIONS -- PAYMENTS NEEDED
puffdragon: What is a self financing company?
Millionday: ITS A COMPANY THAT USES ITS OWN FUNDING TO START UP
puffdragon: Is that considered the private sector?
Millionday: YES IT WOULD BE THE PRIVATE SECTOR
Millionday: IT IS BEING USED TO ACTIVATE THE PRIVATE SECTOR THROUGH INVESTMENT FUNDS
Millionday: CBI STATED A LONG TIME AGO THEY WOULD MOVE FORWARD WITH THE MONETARY POLICY BY USING THE INVESTMENT FUNDS IF THEY HAD TO --- SO THIS APPEARS TO BE--
HOW THEY ARE GOING TO ACTIVATE THE PRIVATE SECTOR WITH THE GOV BEING TOO SLOW ---
Millionday: I HOPE WE FIND MORE ON THIS SO THAT WE CAN HAVE MORE PIECES TO THIS CONFUSING PUZZLE
mrref1216: CBI HAS ALSO BEEN GIVEN THE GREEN LIGHT FOR THE DELETION OF THE ZERO'S
CanTWaitwoRV Millionday: In addition to what "mref" just said...it's good to see the goi has parliament has another "route" in case certain peeps in the cbi could be draggin their feet to activate a rate change it appears?
Millionday: THE COUNTRY HAS MANY THAT ARE AFRAID OF CHANGE AND WHAT THIS WILL BRING
Millionday: THEY ARE AFRAID OF THE GLOBE IN BUSINESS AND WHAT IT MAY BRING TO THEIR CITIZENS AND BUSINESS -- EVEN WE WERE SO VERY UNDERSTANDABLE
mary: When you say "they need the budget opened", does this mean they need a reality rate for their dinar in order to open the budget...? and Thank You
Millionday: THIS MEANS THAT THE MONEY FOR PROJECTS AND CONTRACTS AND DEVELOPMENT ETC NEEDS TO BE GIVEN TO THE PROVINCES ETC SO THEY CAN MOVE FORWARD -- CARDS FUNDED –
SO MUCH DONE -- PAY HAS NOT BEEN GIVEN IN SOME INSTANCES FOR A YEAR -- SO THE MONEY NEEDS TO BE DISTRIBUTED
mary: Do they have enough money to open it without reality rate..?
Millionday: I DONT KNOW ---THE FACT THAT THEY HAVE NOT OPENED IT MAKES IT SEEM THAT THEY DONT THOUGH -- BUT I DONT SEE THAT FACT IN PRINT
Millionday: In line with the government program requirements, the importance of using information and communications technology show through the application of "electronic governance system" in the delivery of public services,
to promote good governance and citizen participation and the achievement of equality, social justice and confirm the transparency and efficiency in government work to get to a diversified economy competitive is built
Almarafh.oppema regard to said Dean of the Faculty of Economy at the University of Mustansiriya d. Qusay al-Jabri to the primary objective of the application of this system at the level of institutions and government departments which is to reduce costs and minimize waste and reduce the time needed for completion,
Millionday: NOTE -- THE GOVERNMENT PROGRAM REQUIRES THE APPLICATION OF THE E-GOVERNMENT PROGRAM WHICH SAVES COSTS AND PROMOTES A DIVERSIFIED AND COMPETITIVE ECONOMY –
THE SYSTEM IS TO REDUCE COSTS AND MINIMIZE WASTE OF FUNDS -----
Millionday: NOTE -- REMEMBER THAT THE GOVERNMENT PROGRAM IS LAW AND IS BEING ACTIVATED WITH ALL REFORMS AND IN FACT IT ALSO RESEMBLES THE REFORMS IN MANY WAYS
Millionday: as well as ensure the elimination of the total cases of administrative corruption and Almala.oadav in his statement the "morning" that Iraq late on the subject of e-governance and a lot State institutions systems do not have this topic therefore rely on the old ways of correspondence
and Almkhatabat.ufema reached advanced societies in the world to high levels in the subject of e-governance, according to al-Jabri, some ministries began to walk in the footsteps of this system, but it's slow steps.
Millionday: NOTE --- THEY WANT TO BE ABLE TO ELIMINATE CORRUPTION AND HAVE SOME USING THE SYSTEM AND SOME NOT –
THIS HAS TO BE ALL MINISTRIES AND BE ABLE TO REACH ALL ADVANCED SOCIETIES OF THE GLOBE AS WELL --
Millionday: He urged Dean College Government to speed in a regular government, e-governance application, calling at the same time, institutions or departments to direct the establishment of infrastructure for this system of self possibilities by building databases that Almassat.wachar Jabri that this system will reduce the complex administrative procedures and transactions makes it easier to communicate across these systems.
Millionday: SO THEY NEED TO HURRY UP AND APPLY THIS SYSTEM ACROSS THE NATION -- AND ALL NEED TO USE IT FOR EASIER COMMUNICATION AND OF COURSE MORE ADVANCED
thomas1: THEY ARE AFRAID OF THE GLOBE IN BUSINESS AND WHAT IT MAY BRING TO THEIR CITIZENS AND BUSINESS -- EVEN WE WERE SO VERY UNDERSTANDABLE...from you 1:05 today ..so let me understand you that they are afraid of reform rv even in the long run it will help them .???
thomas1: so change could hold up the rv ?
Millionday: NO -- THE THOUGHT OF SO MANY DIFFERENT CULTURES AND PEOPLE COMING TO THEIR COUNTRY HAS BEEN A FEAR OF MANY NATIONS –
MANY COUNTRIES DO NOT LIKE WHAT THEY CALL "OUTSIDERS" COMING TO THEIR COUNTRY TO DO BUSINESS EVEN THOUGH IT IS HUGE FOR THEIR ECONOMY –
THEY STILL DO NOT UNDERSTAND THE BENEFITS OF GLOBAL TRADE AND SEE IT AS THE TAKING OF THEIR JOBS AND FOREIGNERS TAKING FROM THEIR REVENUES EVEN -- SO THIS IS NOT UNCOMMON
mrref1216: MONEY LAUNDERING AND CORRUPTION HAS BEEN GOING ON FOR YEARS DO YOU THINK THEY ARE PLAYING GAMES NOW... THEY SHOULD HAVE THIS PROBLEM FIXED BY NOW..
Millionday: MRREF-- THERE WAS A VERY INTERESTING INTERVIEW THAT WAS REPORTED –
AND IT WAS ABOUT THE FEAR OF COUNTERFEIT CURRENCY AND MONEY LAUNDERING BEING USED AS AN EXCISE TO NOT MOVE FORWARD WITH THE BANKING REFORMS/MONETARY POLICY ACTIVATION ETC –
ALL COUNTRIES SUFFER FROM THIS RISK AND I THINK IT WILL NEVER BE FIXED BUT IS PROBABLY GOING TO BE MINIMIZED WITH THE NEW SECURE NOTES SO THAT EXCUSE IS SEEMING A LITTLE RIDICULAS AT THIS POINT
Comments may be made at the end of Part 2 Thank You