Millionday Roundtable 5/18/15 Part 1
Welcome to dinarupdates.com for Roundtable with Millionday!!
Millionday: WELCOME TO ROUND TABLE
Millionday: WE DONT HAVE A LOT OF NEWS TODAY BUT WE ARE GOING TO LOOK AT IT ALL --- BECAUSE IT IS ALL VERY IMPORTANT
Millionday: Parliamentary Finance Committee announced, Monday, that the central bank in connection with the strengthening of the dinar by printing large local financial currencies.
Said committee member Majda al-Tamimi for "tomorrow Press," that "the reasons for the weakness of the Iraqi dinar against the dollar due to the size of the money supply and the difference great price,
Millionday: NOTE -- THE DIFFERENCE GREAT PRICE -- LOVE THAT PART AND READY FOR IT TO CHANGE -- SMILE
Millionday: "pointing out that" the past years there was a project to strengthen the dinar and repaired by deleting three zeros from the Iraqi currency but has been postponed.
She explained that "the project could not be applied at the present time because of the economic, political and security situation that the country is living, what gives likelihood to achieve negative things reflected on the financial and economic situation. "
Millionday: NOTE -- THIS SHOWS THAT THEY ACTUALLY PLANNED ON MOVING FORWARD YEARS AGO OR AT LEAST SOONER
Millionday: READ EVERY WORD AND UNDERSTAND -- IT SHOULD MAKE YOU SMILE
Millionday: confirmed Tamimi that "the most appropriate solutions for the time being to strengthen the dinar is by printing a large local currencies Kvita the (50 100 A), under which possible that the currency bloc closer and makes them relative to the dollar." .
Millionday: SO THE DECISION THEY HAVE MADE IS TO MAKE THE DINAR RELATIVE TO THE DOLLAR --- WHOOOPOW
jarhead: relative in meaning equal?? or maybe more
Millionday: RELATIVE IN MEANING LIKE
Millionday: I DONT THINK IT IS A COMMENT THAT GIVES THE VALUE -- BUT GIVES THE CITIZEN SOME UNDERSTANDING
slh5282 BGG: BGG, Have you heard anything regarding the press release of the CBI Camels?
Millionday: I WILL ADDRESS THAT IN JUST MINUTE SLH
slh5282 BGG: sorry that was suppose to go on the other messaging not to interrupt you.
Millionday: I UNDERSTAND BUT I HAVE SOME NEWS ON IT AND UNDERSTANDING -- I AM SURE THAT BGG DOES AS WELL -- BUT I AM BRINGING WHAT I HAVE ON IT NOW HUN
Millionday: NOTE -- TODAY THE CENTRAL BANK GAVE OUT AN ORDER TO THE BANKS AND MANY HAVE NO IDEA WHAT IT COULD MEAN SO I SPENT SOME TIME ON IT SO WE COULD UNDERSTAND WHAT THEY MEAN
Millionday: THIS IS GOING TO BE IN TWO PARTS -- WHAT THEY SAID AND WHAT IT MEANS ECONOMICALLY AND IN BANKING REFERENCE
Millionday: HERE IS THE ANNOUNCEMENT TO THE BANKS FROM CBI AS AN ORDER TO THE IRAQI BANKS >>>>
Millionday: To / state ministries and departments not associated with the Ministry all ( evaluation (CAMELS) ) 17/05/2015
Millionday: NOTE -- NOW MOST WOULD THINK THAT IS STUPID TO BE BLUNT -- BUT IT ACTUALLY HAS HUGE HUGE MEANING
Millionday: BRB WITH EXPLANATION
Millionday: READ EVERY WORD >>> DEFINITION of 'CAMELS Rating System'
An international bank-rating system where bank supervisory authorities rate institutions according to six factors.
The six factors are represented by the acronym "CAMELS."
Millionday: 'CAMELS Rating System'
The six factors examined are as follows:
C - Capital adequacy
A - Asset quality
M - Management quality
E - Earnings
L - Liquidity
S - Sensitivity to Market Risk
Millionday: NOTE -- NOW UNDERSTAND THAT THEY HAVE BEEN ORDERED TO APPLY INTERNATIONAL ACCOUNTING PROCESS
Millionday: BRB WITH MORE ON THIS
Millionday: Bank supervisory authorities assign each bank a score on a scale of one (best) to five (worst) for each factor. If a bank has an average score less than two it is considered to be a high-quality institution, while banks with scores greater than three are considered to be less-than-satisfactory establishments. The system helps the supervisory authority identify banks that are in need of attention.
Millionday: SO WHAT WE HAVE HERE IS CBI TELLING ALL THE BANKS TO APPLY THE BEST THEY HAVE TO OFFER -- SET THEMSLEVES UP IN THE POSITION FOR THEIR GIVEN ROLE AND APPLY WHAT THEY HAVE ARRANGED AND ALSO WHAT APPLIES TO THEIR ROLE SO, THAT THE SCALE CAN BE COMPLETED AND THE ABILITY AUDIT CAN BE COMPLETED
jarhead: will this affect the rv in any way
Millionday: THIS IS THE FINISHING OF THE BANKING REFORM THAT THEY HAVE WORKED SO HARD ON –
THEY HAVE MANY TRAINED I HAVE BEEN TOLD AS WELL SO THIS IS THE ENDING OF THE BANKING REFORM FOR IRAQ AND ITS INTERNATIONAL COMPLIANCE
slh5282: so appears the rating will not be disclosed but would suggest that they would not discuss if the rating were bad?
slh5282: OR DO WE KNOW THE RATING?
Millionday: I DONT HAVE INK ON IT BUT WOULD EXPECT THAT THIS HELPS CBI AND EXPERTS TO HAVE A LOOK AT WHAT NEEDS TO BE ADDRESSED IN EACH BANK AND WHO IS IN THE RIGHT POSITION OR EVEN THE TRAINING THEY NEED AS WE HAVE SEEN THEY ARE ASSESSING NOW
Millionday: PER THE ROLE EACH BANK HAS AS IN ANY BUSINESS THEY WOULD PREFER TO HAVE THE HIGHEST RATING -- NO DOUBT
thomas1: millionday do with all this going why are they afraid to rv cause iran
thomas1: or malki is still stopping this
Millionday: THE THING IS THAT MOST DONT RECOGNIZE -- IRAN IS PREPARED TO HAVE A HUGE TRADE LOCATION IN KURDISTAN THAT THEY ARE PREPARING FOR AS WELL --- THE THING IS THIS
Millionday: THE ONLY COUNTRY THAT WAS NOT IMPACTED BY THE GLOBAL ECONOMIC DOWNFALL WAS IRAQ ---(AT LEAST THAT IS WHAT I READ) -- IT MAKES GREAT SENSE –
THEY WERE UNDER SANCTIONS AND NOT HURT BY THE ECONOMIC CONDITION –
SO IRAN WOULD BE IN NEED OF TRADE BENEFITS AS WELL -- NO ONE WANTS AN EMERGING COUNTRY OF THIS MAGNITUDE TO FAIL -- NOT WHEN THERE IS MONEY TO BE MADE
Millionday: TRUST ME BGG HAS MUCH INFORMATION TOO -- I WANTED TO BRING THE INFO I HAVE RESEARCHED BUT TRUST ME –
THE BLOG THAT HE DOES AND ALL THE INFO HE HAS ABOUT IT IS VERY INTERESTING AND ALWAYS FACTUAL AS WELL
Millionday: It said Iraqi Airways, the day that the end of this month, will reach a new Boeing plane to Iraq, while it showed a continuous creation of new cadres specialized aircraft.
He said the media company director Hassan Karim, in a press statement that "the company is seeking in order to reach the ranks of fleet air region in the world through the development of infrastructure of the halls, offices and aircraft,"
pointing out that "the company has contracted previously with The Boeing Company for the supply of 45 aircraft of the type Boeing 777-800 ".
Millionday: NOTE -- THE AIRPLANES WILL ARRIVE OR AT LEAST THE FIRST ONE WILL ARRIVE THE LAST DAY OF THIS MONTH -- HMMM SOMETHING ELSE IN MAY -- I AM BEGINNING TO LOVE MAY
Millionday: He added that "the company looking forward to the end of the current month and the arrival of the American Boeing, bringing the number of received them during the last term to 14,"
noting that "the contract with the listed company will continue for two years, serving to hand over aircraft to the country in the form of payments in order to support the Iraqi air fleet in order to achieve transmission, excellent quality of the services provided by Iraqi Airways. "
Millionday: NOTE -- IRAQ WILL BE PAYING FOR TWO YEARS AS AIRPLANES WILL ALSO BE ARRIVING FOR TWO YEARS -- TALK ABOUT SAFE AIR TRAVEL -- SMILE
Millionday: He added that "Iraq currently has 29 aircraft models (Boeing) and Airbus," pointing out that "continuing to organize specialized courses for pilots Company in addition to the crews Altadhaev,
as of each cycle (1520) students, and if they get certificates and obtaining official approvals will be imprisoned at work on board the aircraft. "
Pointing out that "the company will adopt all international standards under which it will make the bird back to the World Green lines and parallel to their counterparts from the neighboring States and the world."
Millionday: SO I WOULD THINK THAT THE TRANSLATION OF THEM BEING IMPRISONED IS A BAD ONE LOL –
HOWEVER -- THEY HAVE MANY BEING TRAINED TO BE PART OF THE AIRPORT COMMUNITY -- MEANING PILOTS -- AND --FLIGHT ATTENDENTS ETC --- MECHANICS –
THE LIST GOES ON AND SO THE AGREEMENT THAT WAS MADE FOR THIS TO HAPPEN -- WHOOOPOW
jarhead: safe travel...that depends on whos holding the RPG lol
Millionday: IT WOULD NOT BE SAFE FOR ME TO BE -- I DONT KNOW WHAT A RPG IS -- LOL
jarhead: rocket propelled grenade
Comments may be made at the end of part 2 Thank You