[millionday] the office in houston would get supplies from the closest place -- shareholders -stakeholders would not allow office equipment to be shipped around the world
[wmawhite] millionday millionday .exactly......how can they exchange the IQD is spend at Wal Mart....????
[rod86018] they have alot of us dollars....
[tourman] rod86018 thats worthless too lol
[millionday] the issue of office equipment is not a point in the reality rate of the dinar - i dont agree
[wmawhite] Folks....the issue is wherever in the world they want to go they need it exchangeable.........change in status.
[Smokey Mtn. Dinar] tourman Yep.
[swan2013] I am totally confused over this furniture conversation.
[millionday] the thing is this - the purpose of the office is - trade has to be with a reality rate - has to be - the contract for setting up the office can be paid later - we have to know that from business
[sczin11] swan2013 lol
[swan2013] conversation. lol
[wmawhite] swan2013 ..furniture is only an example.
[sczin11] millionday wmawhite amen and amen
[millionday] setting up for the business -- especially international business comes from loans here or if it is nationally set up or gov set up -- it is paid later in profits or from revenues --- not from walmart in Iraq
[swan2013] wmawhite ok,. thanks... I am working and lurking and i am in that chair that needs burning and to hear they are getting new chairs, well you see my dilemma lol
[millionday] but -- the office is useless if they dont get rolling to a market economy
[millionday] that is so very true they cant just set up an office And sit there
[NRICHARDS] Walmarts layaway plan..lol lol
[millionday] swan2013 smile
[Smokey Mtn. Dinar] nrichards lol
[millionday] NRICHARDS lol
[swan2013] millionday *kiss* I KNOW YOU ARE READY TO BURN YOURS TOO LOL
[dovi] swan2013 I'll burn the one I'm sitting in!
[millionday] oh my goodness so ready at the camel race lol
[dovi] sooo ready
[swan2013] dovi millionday I have the match and lighter fluid ready for you lol
[millionday] oh thank you my friend smile
[dovi] swan2013 hang on to it for me
[millionday] brb with more
[swan2013] dovi ok. lol
[swan2013] millionday anything for you lol
[Smokey Mtn. Dinar] swan2013 Do it right, and cover it in IRAQI OIL! lol
[swan2013] Smokey Mtn. Dinar oooohhhh smart idea lol
[NRICHARDS] I am excited about this news today!!
[swan2013] NRICHARDS yes and amen to that.
[millionday] now let me say they are just waiting on a word from Kurdistan so look at this
[mrref1216] NRICHARDS I get excited every day reading this news, we just need some action taken lol
[millionday] MP for the Virtue parliamentary Susan Saad, chairman of the parliament to convene a meeting to read the budget and voting on them. said Saad said in a statement received by the Agency (news):
The 'continuing delay in the budget hurt the interests of the state and the people must be passed to it as soon as possible, claim the presidency of the Council of Representatives of the need to hold a hearing to read and approve the budget. '
and called Saad 'all members of the House to come to this meeting and perform their national duty, and wished to hear the voice of the masses claim to speed up passage of the budget and knows who they are Almatlon her, pointing out' that Iraq desperately needed for approval as soon as possible
[Richard Incrocci] So they want this meeting on the budget to happen, ASAP, correct?
[radronin] that Iraq desperately needed for approval as soon as possible!!!!!!
[dovi] and wished to hear the voice of the masses claim to speed up passage of the budget
[millionday] yes asap
[ggrr] millionday millionday millionday
[swan2013] hmmm so is that a SOON to them lol
[Richard Incrocci] millionday whoop whoop whoopow
[millionday] they are waiting on word from kurds to hear that the team has done its job
[Richard Incrocci] So what do they need to get this meeting underway?
[mrref1216] swan2013 everything is soon or very soon lol
[millionday] wmwhite is right --- they cant move until they get this done and cant go international until they resolve ---
[millionday] the car and the keys are a great example
[millionday] but let me say we also see her saying in the report that they will read and vote in the same time so that answers one question if they couldnt do that -- it would not be requested
[millionday] Richard Incrocci they need to hear from kurds meeting that it is a go for parliament according to what we are seeing very good brb with more
[Richard Incrocci] millionday Do we know what the Kurds need to do to say the meeting is a go?
[Smokey Mtn. Dinar] Arent they meeting right now? Today?
[texasrangersjt] Thought Kurds were holding up this until M is out
[wmawhite] texasrangersjt ....the kurds are smarter than that............waiting on Maliki to be gone is the same as wanting those two birds in the bush.
[mrref1216] These guys are good about putting off meetings lol
[wmawhite] mrref1216 ...in reality.....they have not stopped meeting for the past 4 months.
[dovi] wmawhite lol
[feebslayer] I read an article in yahoo a few days ago that Bagdad and the Kurds are close to an agreement, whether that's reliable or believable is another story all together
[wmawhite] feebslayer feebslayer ......that is good.......that is an independent source reporting what we believe to be so.
[millionday] feebslayer i have seen in multiple sources as well
[millionday] Trade Bank of Iraq, on Monday, announced the opening of a new branch in the area of Kazimiyah in Baghdad in the presence of the President of the National Investment Commission, Sami al-Araji, and a number of officials, noting that the opening of the branch is part of the expansion plans of the bank, which includes the opening of branches in all regions of Iraq.
The Director of the bank Hamdiya dry for "tomorrow's Press," "The Today saw the opening of a branch of the Bank of Iraq trade area Kadhimiya and this section is his sixth in the capital," indicating that "the opening of the branch is part of the expansion plans of the bank, which includes the opening of branches in all regions of Iraq.
[millionday] note -- here is the hopes for this bank expansion
[millionday] "The branch will contribute to stimulating the movement of investment and trade for the region being one of the most prominent commercial centers in Iraq,"
noting that "the opening of the branch is the first step for the bank to provide banking services better for traders and investors to finance their businesses and investments, as well as introducing the service to visitors to this city, which is active religious tourism.
[millionday] And established TBI owned entirely to the Iraqi government in July 2003 to facilitate Iraq's trade and international reconstruction of Iraq after the end of the work program of the UN oil-for-food, has grown work of the bank rapidly to become an effective institution and the bank was able within a short period of time to establish relationships with network global consisting of 134 major banks - including the Federation of major global banks to cover this city 63 in 39 countries.
[ajay214] now THAT screams international trading and banking
[millionday] so the trade bank is for a network of global banks and yes i agree that screams – whoooopow lol
[millionday] very positive time and very positive news -- we do see that the extension of trade bank is for entry to the world and contracts etc -- wonderful preparations we are looking at
[wmawhite] millionday .I must ask........what is the Trade Bank of Iraq opening branches for??? What is it they expect to do????
[millionday] loving it
[millionday] they are for foreign investors to have better access and also for investment within the country but the most important is that they are the connection to many global banks for international banking
[millionday] when you go to trade bank and look at their services it is full of growth plans
[wmawhite] millionday .....great news.
[millionday] and all those branches at once is a lot of money being spent -- must be not expecting to lose smile
[millionday] thanks hun
[millionday] a friend brought this to me - CDs of the Iraqi currency in a bank Union of Arab Banks calls to move the "frozen funds" in Iraqi banks to solve the problem of inflation and the absence of investment
[millionday] so the money in the banks everywhere is to come home for the move forward -- remember this is not by pony express -- it is electronic smile
[swan2013] millionday so they can move money faster and more efficiently.. that is good news
[millionday] yes the data system is done and the communication system --
[DBJJ] millionday on 4/3 they opened a branch at the Baghdad Airport...just FYI
[ajay214] so maybe this will all happen on hump day lol
[millionday] isx hooked up and now they sit arguing about how much oil the kurds will produce ?
[millionday] sounds ridiculous
[millionday] ajay214 lol
[millionday] so we are waiting on word from kurds too smile we want the car registered lol so they can drive and so can we lol
[millionday] this was brought to me
[millionday] the reason this is interesting is because of the announcement of the funds --
[millionday] A group Alstom French Engineering Services, Monday, it won a contract worth 225 million euros (312 million dollars) to provide power generation equipment for gas-fired power station being built in Iraq's Anbar province.
The company said in a statement on Monday it will provide generators and turbines for the plant with a capacity of 1642 MW is scheduled to come into operation in 2016.
Founded Alstom according to Wikipedia in 1928 Alstom, a parent company, a multinational. Most of the companies owned by Olney operates in the sectors of transport and energy generation.
The volume of sales of the year 2010/2011 m to 20.9 € billion euros. It has won in March 2014 a contract worth 400 million euros in Iraq, and is headquartered in Uvalua - Berry, France.
[millionday] it is won in euros
[dovi] what does that mean to us
[millionday] very interesting that they have not stated that it is in usd and is in euros
[millionday] seems as though they are expecting to be able to exchange for their currency
[ajay214] I don't read it that way - this is a French company saying what the contract is worth in their country.
[wmawhite] Now the question is how can Iraq pay for this contract when they are to do all business in the IQD???? The answer please.
[tbob] wmawhite HMMMM
[sczin11] wmawhite amen brother
[millionday] that is what it implies for sure --- they will have to go international and have internationally accepted currency in order to do this
[swan2013] wmawhite whats the answer, whats the answer lol
[sczin11] ajay214 this article was not a french announcement, it was an iraqi release
[tbob] swan2013 millionday beat him to it lol
[wmawhite] The answer:..........the status of the IQD must change......it must become internationally exchangeable very soon.
[millionday] and this is also a contract not a mou
[rod86018] and all Iraq contracts must be paid in Dinar......
[millionday] it has to be internationally accepted for them to be paid in euros because it will begin as dinar and then be exchanged
[wmawhite] clay millionday .........this company would not waste its time bidding on this if they did not know a change is coming soon.
[sczin11] millionday exactly thru the world bank/imf/egtc...
[ajay214] sczin11 It says the company said in a statement ..... so they are talking about what it costs in their currency.
[millionday] great news to bring me my friend -- thanks
[jtank] MD great stuff--another clue but no date
[wmawhite] millionday ...I agree with your statement above.
[millionday] no it talks about what they will be paid in euros
[sczin11] ajay214 my opinion is the transliteration of the words to english...you are being literal
[millionday] so it will have to be exchanged and part of their budget
[Richard Incrocci] millionday WHOOPOW BIG time
[wmawhite] As MD stated...the process starts off as IQD ends up in Euros.
[millionday] so we will hope to see some update tonight
[ajay214] sczin11 I am taking it for what it says and not reading into it.
[millionday] exactly thanks all that helped and thank you rudie for your work always great job
[millionday] very exciting times