Millionday Roundtable 2/2/15 Part 2
Welcome to dinarupdates.com for Roundtable with Millionday!
Millionday: NOTE -- THE US DOLLAR IS ON THE MARKET THEREFORE SUBJECT TO SUPPLY AND DEMAND
Millionday: The Central Bank of Iraq, announced on Sunday, (the first of February, the current 2015), take five resolutions for "support" the development of the Iraqi economy, stressing his agreement to cover bank accounts abroad to "US dollar" to cover imports, while the importance of " accelerate "legislation Deposit Insurance Act,
hailed the formation of a committee to reconsider the structure of interest among its" approval of the Central Bank to cover the bank accounts abroad in US dollars to cover imports of customers and for other purposes without having to go through the window of the currency sale at the Central Bank of Iraq. "
The Iraqi Central Bank announced last week, to take the necessary measures to boost liquidity in the banking system, and decided to facilitate the procedures for the sale of foreign currency "to sustain the exchange rate
Millionday: NOTE -- AGAIN THE US DOLLAR HAS TO BE ACCOUNTED FOR AS PART OF CBI`S FUNDS
Millionday: The Central Bank of Iraq, had announced in (the 18th of January 2015), that the financial reserves of Iraq is equivalent to one and half times the weakness of the currency bloc, returned it the "best rates" in the countries of the world, as he emphasized that Iraqi financial institutions are "unable" to cover The fiscal deficit, he stressed the need to reconsider the structure of the budget and spending and diversify sources of income and achieve investment more broadly to address the decline in oil prices.
The Iraqi Council of Representatives passed last Thursday (29th of January the past), the financial budget for the current 2015, an amount of 119 trillion dinars, the equivalent of $ 117 billion, and a deficit of about 25 trillion dinars, or about 23 billion dollars, and calculates the price a barrel of oil at $ 56 a barrel, while the President of the Council stressed, Saleem al-Jubouri, it is the first time that the adoption of the budget is during the first month of the year, returned to the "achievement" is calculated to parliament
lrojac: Is this good for us or not?
Millionday: THE APPLICATION OF THEIR ECONOMIC CONDITION AND INTRODUCING TRADE AND REFORMS/GOV PROGRAMS/ SFA/ERBIL/NATIONAL RECONCILIATION -- YES
sudo1114: when they state resume rate against dollar does that mean more stable 1200?
Millionday: NOT SURE -- THEY SEEM TO BE TRYING TO GET CONTROL OF THE FLUCTUATING US DOLLAR AND THE IMPACT IT MAY HAVE
Pablo: If returning to normal is = to an RV, did they just announce a date or am I seeing things???
Millionday: I DONT SEE A DATE BUT SEEM TO THINK THEY WILL BE DONE A MONTH FROM NOW
Danalivin4HIM: When did the artical come out?
gg abuddy: anotherrrrr month???!!!! AAAAAGGGGGHHHH
Millionday: REMEMBER THT THEY ARE NOT GOING TO RELEASE TO THE WORLD MARKET WHAT THEY ARE DOING AND WHEN -- THAT WOULD NOT BE SMART OR HOW IT WORKS IN THE WORLD
Millionday: I SAID WHAT CBI IS DOING THEY STATED THAT THEY WOULD BE DONE WITH THE CHANGES THEY ARE MAKING -- THE ONES WE ARE DISCUSSING
Millionday: WE ARE SITTING HERE DISCUSSING WHAT CBI HAS STATED
Millionday: AND THEN I SAID THEY WOULD NOT RELEASE THAT INFO THE WORLD MARKET
clay: sorry just got here anything on pres signing off on budget
Millionday: I SAW LAST NIGHT THAT HE HAS ENDORSED IT AND WAITING FOR EXACT WORDS THAT HE SIGNED IT BUT IT DOES APPEAR THAT WAY BY THE GOV SITE
Magik: I guess there is some confusion on what the CBI would consider normal. any RV rate would not b normal. 1166 might be considered norn
Millionday: EXACTLY -- WE HAVE TO WAIT AND SEE WHAT THEY CONSIDER NORMAL
Millionday: MAYBE I DIDNT SAY -- WELCOME TO MILLIONDAYS ROUNDTABLE -- WE HAVE NO DATES NO RATES -- BUT SO GLAD TO SEE YOU AS WE LOOK AT THE INK AND ALL THE FACTS WE CAN FIND
Millionday: HERE WE GO WITH SOMETHING A LITTLE MORE DIRECT
Millionday: demanded an MP for the Kurdistan Alliance Ashwaq dry, on Monday, the formation of a parliamentary committee to follow up on budget allocations exchange mechanism, stressing the need for the Commission in the event of formation implementation of unannounced visits to the ministries and provinces to follow public money exchange mechanisms.
Millionday: NOTE -- PUBLIC MONEY EXCHANGE -- NICE TO HEAR --- WITH ALL WE HAVE READ OVER THE YEARS THIS COULD BE GREAT NEWS OR THE MOVEMENT OF FUNDS -- WE WILL STAY GROUNDED IF IT KILLS US LOL
Millionday: The dry in a statement received "Alsumaria News "that" the financial allocations for the Ministries of exchange must be accompanied by the completion of the ground, "indicating that" the right of the House of Representatives oversight authority to pursue the mechanism of the federal budget allocations exchange and where the disposal of the money. "
Millionday: NOTE -- THE DISPOSAL OF MONEY COULD MEAN THROWING THEM OFF BUILDINGS OR --- IT COULD MEAN BURNING WHAT THEY EXCHANGE -- SMILE
misterq: MD-- I am not looking for a date & rate........ As I understand that when the budget became public , it might include the rate..... If that did happen, wouldn't pandamonium break out?????
Millionday: IF THE RATE CHANGES OR PURCHASING POWER -- IT WILL BE DONE BY DATA ENTRY --- THE OBVIOUS AMOUNT THAT THE BUDGET TOTL IS HAS SHOWN TO ALL THAT SAID IT WAS IN THERE AS IF THEY KNEW-- THAT IT IS IN THE TRILLIONS -- AND AS WE HAVE SAID HERE EVERYTHING WILL BE CHANGED ALL AT ONCE -- DATA ENTRY -- NOW I AM NOT NOR CAN I SAY THAT IT WILL NOT BE CHANGED BEFORE THE FUNDING IS DONE
Millionday: And called dry as the "formation of a parliamentary committee to take it upon themselves to monitor and control the federal budget for the current year allocations exchange mechanism", stressing the need for "the Commission in case formed the implementation of unannounced visits to the ministries and provinces to follow public money exchange mechanisms.
Millionday: NOTE -- AS WE SEE THIS COULD ONCE AGAIN MEAN THE FUNDING OR THE EXCHANGE WITHIN THE PROVINCE THEY ARE BEING SENT TO ----
Millionday: She added that "the purpose of the formation of the committee comes to control the doors that are balancing the disbursement of funds and miss the opportunity to corrupt people in the waste of public money, "calling for Jean integrity and planning in the provincial councils to" take its oversight role fully in the follow-up doors that distract the public money in the provinces.
Millionday: NOTE -- IT APPEARS THAT THEY ARE REFERING TO THE FUNDING OF THE PROVINCES THE MORE WE READ THIS
Millionday: The voice of the House of Representatives, in (January 29, 2015), the draft federal budget for the current year worth in excess of Al119 trillion dinars and a deficit of about 25 trillion, while assuring Speaker Salim al-Jubouri, after the vote, that Iraq has not seen since 2003 to pass the federal budget bill within one month, praising the efforts of the Council in approval, while the prime minister said Haider Abadi, the law was passed the executive and legislative achievement of the two authorities.
Millionday: SO AS WE SEE THEY ARE BEING VERY CAREFUL NOT TO DUSCUSS A PROGRAM WE HAVE READ IN MULTIPLE OUTLETS ---- AS I WAS SAYING THE SFA/GOV PROGRAMS/REFORMS/NATIONAL RECONCILIATION / AND THE CONSTITUTION -- SO NOT SOMETHING THAT CONFUSES US
Papatom: no seriously.... isn't that paragraph saying the ministries of exchange must be accompanied by the completion of the "process" disposing of the old currency..the large denoms....resting on the house of representatives ..????
Millionday: IT APPEARS THAT IT COULD BE READ BOTH WAYS -- WE DONT WANT TO READ INTO IT SO I AM HOLDING OFF UNTIL TONIGHTS NEWS TO SEE IF WE CAN FIND MORE INK THAT VERIFIES SO WE CAN ALL HOLD ON TO REALITY
Millionday: THIS IS THE REPORT WE HAD LAST NIGHT THAT LED ME TO BELIEVE THAT THE PRESIDENT HAS SIGNED
Millionday: THIS CAN ALSO BE FOUND ON THE OFFICIAL SITE OF GOV
Millionday: Based on what passed the House of Representatives, according to the provisions of subsection (I) of Article (61), item (iii) of Article (73) of the Constitution.
President of the Republic decided on / / 2015 Issued the following law: Law No. () for the year / 2015
The general budget of the Federal Republic of Iraq for the financial year / 2015 Act
Millionday: JUST THAT PART ALONE STATES THAT THE PRESIDENT HAS DECIDED ON THE LAW OF THE GENERAL BUDGET
Millionday: NOTE -- THAT IS FROM THE PRESIDENCY
Millionday: THE REST IS ALL THE FIGURES WE CAN ALL READ MANY PLACES
[3:00:17 PM] sausalito: .
Millionday: THE REST IS ALL THE FIGURES WE CAN ALL READ MANY PLACES
The Shoe: According to our President this morning on the Today Show we are a long way from containing ISIS in Iraq and Syria. FYI Concerning
Millionday: SYRIA AND MANY AREAS IN THE MIDDLE EAST IS COVERED IN THEM HOWEVER THE MOVING OF THEM OUT OF IRAQ IS SHOWING HUGE PROGRESS BUT NOT SO MUCH FOR THE REST OF THE REGION ACCORDING TO MULTIPLE REPORT FROM THE REGION
Millionday: NOT A TIME TO CELEBRATE -- MANY ARE SUFFERING FROM THEIR TERROR
ol lar: do you have a trnaslation of the new CBI announce ment 4 pages help sale and purchase of foreign currency ( No. 26/3/9 for the year 2015 )
Millionday: YOU MEAN TRANSLATIONS YOU HAVE ? WHY DONT YOU GET THEM FROM THERE HUN -- ARE THEY TRANSLATED ?
Millionday: OH -- I CAN GET THEM TRANSLATED --- THEY ARE SENT TO MY PHONE BUT I CAN GET THEM OFF HERE FROM TRANSLATING -- IT WILL TAKE A WHILE AFTER I GET HOME
MadDScout: I want to understand is the CBI getting rid of all dollars or just to a point?
Millionday: CBI GETS DOLLARS FROMM THE SALE OF OIL AND THEY EXCHANGE THEM TO DUSPURSE IN ANY WAY OUTSIDE THEIR WALLS INTO IRAQ
Millionday: THEY ARE NOW WIRING TO OUTSIDE THE COUNTRY TO HELP CONTRACTORS
Millionday: THE COUNTRY CURRENCY IS DINAR -- IT IS VERY CONFUSING BUT IS THE EXCHANGE TO DINAR THEY ARE TAKING CARE OF ACCORDING TO REGULATIONS THEY SET
Millionday: IT APPEARS THAT THE PRESIDENT HAS SIGNED DUE TO A REPORT AND DOCUMENT FROM PRESIDENT SITE
Millionday: LOVE TO YA HAVE A GREAT DAY MY FRIENDS