Monday Roundtable 2/23/15 Part 2
Welcome to dinarupdates.com for roundtable with Millionday!
Millionday: HERE WE GO WITH A MEETING WITH THE ARAB LEAGUE AND THE COMMERCE ETC
Millionday: The Commerce Department reported that Iraq took part in the Arab Economic and Social Council delegation headed by the Minister of Commerce Mlas Mohammed Abdul Karim meetings.
The ministry statement said on Sunday, the agency received all of Iraq [where], a copy of the meetings held at the General Secretariat of the Arab League headquarters in Cairo,
and resulted in the gun for a number of decisions that concern Arab affairs of the economic and social terms, including discussion of the Economic and Social Profile of the Council of the League Arab summit level at its regular 26 ".
thomas1: do it look like they hold the rest from print to stall
Millionday: NO -- I DONT AGREE WITH THAT
Millionday: NOTE -- THIS MEETING IS ABOUT IRAQ`S SOCIAL AND ECONOMIC PROFILE OF THE COUNCIL OF THE ARAB SUMMIT
."Millionday: The statement said, "The decision was made to follow up preparations for the Arab summit of economic and social development in its fourth session, to be held in Tunisia in 2015 ‘
and follow up the implementation of economic paragraphs of the Declaration of the statement of the third summit of Arab countries in addition to a number of important economic decisions
Millionday: NOTE -- THIS IS ABOUT THE UPCOMING ECONOMIC SUMMIT IN THE ARAB REGION
Millionday: It will be recalled that the Council decided at the end of the session the 95 last Thursday a meeting of the Economic and Social Council preparatory upcoming Arab summit in Sharm el-Sheikh during March is on the level of senior officials on March 23, 2015 m and at the ministerial level on 25 next March. ‘
The Council called on the Ministerial Committee on follow-up and preparation for the Arab summit development: economic and social in its fourth session in Tunisia 2015 to continue coordination with the Republic of Tunisia and devices joint Arab action to prepare for and preparing the work of the summit and meetings necessary and meetings in this regard.
Millionday: NOTE -- THIS IS IN MARCH -- NICE
Millionday: The Council agreed to study the Arab Academy for Science, Technology and Maritime Transport on the development of the role of maritime transport in the trade between the Arab countries and Latin America, development and submission to the Arab summit of Arab countries and South America [Riyadh in 2015].’
On the follow-up implementation of the Arab-African Summit decisions at its third session in Kuwait in 2013 called on the Council and the General Secretariat of the Arab League and the Commission of the African Union to the completion of the terms of reference for teams speed The four work:’
trade and investment, energy, transport, communications and elaborated in its final form so that these teams can begin to work and show the results to be reached in the next session of the Council.
Millionday: This also includes the Economic and Social Profile report on the completion of the Greater Arab Free Trade Area of the requirements and preparations for the Arab Customs Union and the development of joint Arab economic and social work report on the Arab move in the climate change negotiations, along with a report on the Arab priorities on the agenda of sustainable development and global for after 2015.
In addition to the report on the follow-up implementation of the resolutions of the recent Arab summit in Kuwait in March 2014 m and a report on monitoring the implementation of the Arab summit development:
economic and social decisions its third session in Riyadh in January 2013 m and the initiative of the Kingdom of Bahrain under the title (the development of domestic projects and projects of productive families in Arab countries to be input in major industries) and the Arab Decade for Literacy and Adult Education (2015-2024 AD) .anthy
Millionday: SO THIS IS FOR ALL OF THE REGION AND I WOULD SAY IRAQ WILL BE A LARGE PART OF THAT BY WHAT WE HAVE READ ABOUT THEIR DIRECTION --- LOVE IT AND THIS IS A MEETING WITH COMMERCE (TRADE) ABOUT IT
love it 2 Millionday: DO YOU THINK THEY ARE HIDING SOMETHING IN THE UNKNOWN OF THE BUDGET..THE OTHER HALF NOT PRINTED ? IF NOT ...HOW COME ?
Millionday: MY OPINION ON THE BUDGET IS THAT THEY ARE WORKING ON THE FIGURES WITHIN IT
Craveman: Not exactly related but I believe you mentioned recently that ISX not open yet but I notice there is activity in their market, can you elaborate at all?
Millionday: IT HAS A RUNNER ON IT SAYING THAT THE INDEX IS NOT RIGHT YET DUE TO REFORMS -- I WOULD SAY THE DATE ON ITS UPDATE IS HOLDING DUE TO IT BEING HOOKED TO NASDAQ ETC -- NOT GLOBAL YET
Millionday: HERE WE GO WITH A VERY IMPORTANT MEETING THURSDAY
Millionday: Finance Minister Hoshyar Zebari on Thursday evening, with the Assistant Deputy US Treasury Secretary Andy Bockal relations and the prospects of bilateral cooperation between the two countries.
According to a ministry statement received by all of Iraq [where] a copy of it that "During the meeting, which was attended by the US ambassador in Baghdad, Stuart Jones, a number of issues of common concern, and capacity building for the Ministry of Finance."
Millionday: He added that the two sides "exchanged views on the challenges facing the Iraqi economy and ways to overcome the current financial crisis and stimulate economic growth."
Through an official at the US Department of reservoir "for his willingness to provide technical support and advice to the Ministry of Finance and updating the banking system
Millionday: SO THIS WAS A MEETING ON HOW TO GROW THE ECONOMY OF IRAQ WITH THE US OF A ---
m1dallas: So now that they printed whatever the budget?? How long can they hang on to 1166 or go without international?? and also what is the significance of not doing the auctions any more?? Good or Bad???
Millionday: THIS IS GOOD THEY ARE NOT USING THE TOOL OF AUCTIONS AND ARE GOING TO USE THE MARKET BECAUSE IT REQUIRES THE CURRENCY MARKET
Millionday: WE DONT KNOW HOW LONG BEFORE THEY GO INTERNATIONAL
Millionday: NOTE -- THE BUDGET IS COMING INTO EFFECT
Millionday: Public Finance Moana federal Iraq Act 2015 came into force after its publication in the Official Gazette of the Republic of Iraq to the facts.
A statement by the Ministry of Justice noted where to deploy the budget law in the said Gazette on Sunday. The Iraqi Council of Representatives has approved on 29 January last state budget law and ratified by the Presidency of the Republic in 10 of this February. ‘The budget 119.5 trillion dinars based on 84% of oil imports and on the basis of Sarla $ 56 a barrel with a fiscal deficit which 25 trillion dinars.
Millionday: WOW 84% OIL IS GREAT
Millionday: SO IT HAS NOTHING ABOUT HALF OF IT ON HOLD
allinxpress: Millionday, In your opinion what would happen if they implement the tariffs without changing the exchange rate?
Millionday: THE TARIFFS ARE FOR IMPORTS AND A MARKET ECONOMY -- THIS IS A TAX THAT IS CHARGED BY THE COUNTRY -- ENTERING THE MARKET ECONOMY REQUIRES THE COUNTRY TO CALCULATE THE GLOBAL PRICING INDEX --
Millionday: THE BUDGET HAS BOTH CHAPTERS POSTED IN IT ACCORDING TO NEWS
m1dallas: U had said before that for them to implement budget they had to have reality rate....can U elaborate on it
Millionday: NO I NEVER SAID THE BUDGET -- I ALWAYS SAID TO ENTER A MARKET ECONOMY THEY HAVE TO HAVE A CALCULATED GLOBAL PRICE BY THE INDEX COMPLIANCE GLOBALLY FOR ALL PRODUCTS AND THEIR CURRENCY THE DINAR -- A MARKET ECONOMY
m1dallas: I am sorry...I understood it that way
Millionday: MANY OTHERS HAVE SAID THE RATE IS IN THE BUDGET -- I SAY THE FIGURES WILL BE CHANGED BY DATA ENTRY TO THE REALITY RATE THEY WILL USE INTERNATIONALLY --
Millionday: WHEN THEY ENTER THE MARKET ECONOMY -- PER ECONOMICS THEY HAVE TO HAVE FAIR TRADE -- THEY HAVE TO CALCULATE THE VALUE OF THE DINAR BY WHAT ALL COUNTRIES HAVE TO USE -- THE GLOBAL PRICING INDEX
Kalomo Cohen: If the budget is complete...now it'll go international? within 24/48 hrs
Millionday: THEY HAVE NOT SAID HOW LONG BUT THEY HAVE MANY AGREEMENTS THAT ARE PART OF THE ECONOMY -- SMILE
m1dallas: so how long can they go without changing the rate thru data entry??
Millionday: WE DONT HAVE A DATE M1DALLAS
CanTWaitwoRV: is it possible to have the program rate 1166 and the tax and tariff law activated on the 1st of march? If so, how?
Millionday: THE RATE OF 1166 IS AN IMPOSED RATE
Millionday: NOT A CALCULATED RATE FOR MARKET TRADE
Rvsandy: Budget complete, HCL done, yet were still here, mind boggling for sure
Millionday: HCL IS IN PARLIAMENT TO BE VOTED ON
quicktolegit96: HCL AND LAWS IS WHAT WE NEED...THEN YOU MAY SEE DATA ENTRY....PPL DO SOME RESEARCH ON YOUR OWN..LOL
carpet: do you think it is tomorrow parliament HCL
Millionday: I THINK IT IS IN A HUGE RUSH AND MAY BE HANDLED TOMORROW -- WE HAVE SEEN REPORTS THAT SAYS WHEN IT IS READY THEY WILL DO AN EMERGENCY VOTE ON IT
Millionday: NOTE -- FOUND IT JIM
Millionday: Mohammed ended a ministerial committee to re-examine the Federal Court Act work and decided to present the draft law on the agenda of the Cabinet table for the purpose of voting on it.
The Phad statement to the Office of the Chairman, Deputy Prime Minister by Araji received (news) copy of it today, that 'al-Araji presided, yesterday evening, the official in his office in Baghdad, a meeting of the committee formed to study the draft of the Federal Supreme Court Act. " -
Millionday: WHOOPOWMillionday: THE FEDERAL SUPREME COURT ACT IS READY FOR VOTE
Millionday: THIS IS THE THING EVERYONE -- THERE ARE A FEW LAWS THEY ARE WORKING ON –
THIS IS ONE OF THEM AND ALL IT IS -- COMPLETION OF JUST A FEW THAT HAVE MADE IT THROUGH MINISTERS AND NOW WE HAVE PARLIAMENT ON THE AMENDMENT OF HCL -- INVESTMENT LAWS ETC
Millionday: AND LET ME SAY THIS
Millionday: THEY HAVE SAID IN REPORTS THAT THEY GOING THROUGH INVESTMENT LAWS THAT WERE PUT IN PLACE WITH A COMMITTEE THAT IS IN PLACE AND WORKING RIGHT NOW FOR LAWS FROM 2004
TO MAKE SURE THEY DONT GO AGAINST WHERE THEY ARE RIGHT NOW AND THE MARKET ECONOMY THEY ARE HEADED TO AND WORKING FOR TO FUND THE COUNTRY
Millionday: MAKE SENSE ? -- THEY ARE WORKING ON A FEW LAWS AND MEETING WITH EVERYONE -- ABADI IS MEETING RIGHT NOW WITH CBI -HEADS OF BANKS -- PLANNING -- AND FINANCE OFFICIALS -- ETC -- SO THIS IS HUGE --
jimplants: BEEN WAITING FOR 5 YEARS ON THAT
Millionday: I HEAR YA -- THAT IS HUGE THAT THEY HAVE SENT THE FED COURT ACT TO PARLIAMENT AND ARE READY
Millionday: THEY HAVE HUGE INTERNATIONAL COILITION THERE TO REMOVE DAASH
Danalivin4HIM: MD pardon my ignorance but the Federal court act has something to do with the market economy?
Millionday: YES IT IS THE CONTROL OF THE ENTIRE LEGAL FORCE OF THE COUNTRY -- MEANING THE OFFICIALS AND ALL THE NATION
Millionday: WE WILL MEET EVERYONE HERE TONIGHT AT 730 EST
j10000: thank you Million/Rudie and the quiet TBOB