Millionday News 6/23/15 Part 1 of 2
Welcome to dinarupdates.com for News Time with Millionday!!
Millionday: FIRST LETS TAKE ONE MORE LOOK AT THE IMPORTANCE OF A CREDIT RATING AND ITS USE FOR A COUNTRY --(MUCH DIFFERENT THAN PERSONAL AND BUSINESS)
Millionday: Many countries rely on foreign investors to purchase their debt, and these investors rely heavily on the credit ratings given by the credit rating agencies.
The benefits for a country of a good credit rating include being able to access funds from outside their country, and the possession of a good rating can attract other forms of investment to a country, such as foreign direct investment.
For instance, a company looking to open a factory in a particular country may first look at the country's credit rating to assess its stability before deciding to invest.
Millionday: SO -- THE CREDIT RATING IS A KEY ELEMENT IN THE DECISION MAKING FOR INVESTORS WHEN DECIDING TO INVEST IN A COUNTRY---
THE RISK (HIGH OR LOW) IS DESCRIBED BY THE RATING ITSELF AND ALSO THE CONFIDENCE IT BUILDS IN ITS PROCESS
Millionday: NOTE -- THE CREDIT RATING IS NOT USED TO DETERMINE PERSONAL RISK IN SMALL OR BUSINESS LOANS WHEN IT IS THE COUNTRY IN QUESTION`S RATING –
THE BUSINESS CREDIT RATING MAY BE USED IN THE BANKS DECISION MAKING WHEN DECIDING THE LOAN ALLOWANCE ETC -- BUT NOT TO DO WITH THE RATING IRAQ ITSELF IS GIVEN
Millionday: OBVIOUSLY -- MUCH DIFFERENT THAN SOME OF THE DISCUSSIONS TODAY BUT --
Millionday: MANY THINGS ARE GOING ON AT ONCE AND WE WILL BE EXPLORING ALL OF THEM
Millionday: I WROTE THAT SO THAT THE DIFFERENT SUBJECT LINES TONIGHT CAN MAKE MORE SENSE
Millionday: THIS IS A KURDISTAN BROADCAST FROM TODAY
Millionday: According to Deputy Prime Minister Bahaa al-Araji, Tuesday, that the dispute between the central government and the Kurdistan Regional Government otherwise "technician," noting that the meetings and negotiations sponsor Ptbdidh.
Millionday: In a statement to Aargi seen by Roudao network media, he said that "the dispute between the Federal Government and the Government of the Territory is a technical disagreement about the quantities exported and the way to pay the province the proportion of the budget,"
noting that "this dispute must be resolved in accordance with the terms of the Constitution and the law of the budget, which referred to the it in detail. "
Millionday: -- THE PLAN IS TO APPLY THE LAST OF ALL ISSUES WITH KURDISTAN AND NATIONAL IRAQ WITH THE BUDGET AND THE CONSTITUTION-- THE OTHER ISSUES ARE RESOLVED
Millionday: Araji said, "so we do not make room for some of the politicians, whether they are in the region or the center, giving the dispute a political nature," explaining that "the circumstances through which Iraq need to resolve differences and unite and not to find new differences taken advantage of our common enemy."
Millionday: NOTE -- ACCORDING TO THE PRESS STATEMENT -- THE FINAL RESOLVE IS ALL RESOLVABLE DUE THE ABILITY TO APPLY A SECURE CONSTITUTION AND OF COURSE THE BUDGET -- SMILE
Millionday: He went on al-Araji, saying that "in any case, the federal government is like a father to all, can not be given a concession to the province or territory at the expense of other provinces," useful "The meetings and negotiations enough to dispel these technical differences."
Millionday: VERY NICE WAY TO PUT IT AND ADDS SUCH A SECURE STATEMENT --"LIKE A FATHER TO ALL" LOVE IT
Millionday: EXTREMELY IMPORTANT REPORT -- WE LOVE PROGRESS-- SMILE
Millionday: Pledged to the economic and investment commission parliamentary, Tuesday, introduced the new investment law to vote in the next legislative term, indicating that "There are no problems facing the approval of the law".
The Deputy Chairman of the Committee Harith al-Harthy's / scales News / "The new investment law abolished all the laws made by Paul Bremer, then on investment," noting that "the new law will contribute to support and stimulate the economy with compel the Central Bank with the support of private banks."
Millionday: NOTE -- "THERE ARE NO PROBLEMS FACING THE APPROVAL OF THE LAW" -- WHOOPOW
Millionday: He pointed Harthy that "the law will raise taxes for companies and facilitate the entry of foreign companies and gives the vacation site investment in just 15 days,"
noting that "the parliamentary Committee serious study and amend the draft investment law to end the administrative routine series To achieve the flexibility that must be treated by the investor."
The "House of Representatives discussed the second reading of the draft law of the Second Amendment to the investment law number" 13 "for the year 2006."
Millionday: NOTE -- THE RESOLVE THAT NEEDED TO BE ADDRESSED WAS -- NUMBER 13 IN ALL OF THE LAW -- IT HAS BEEN READ TWICE AND -- THE WAY THE LAW IS MET BY IRAQ`S PROVISIONS ARE –
TWO READS--VOTE--THE PRINT -- SO ON TO VOTE -- THE PRINT ACCORDING TO THIS REPORT WHICH STATES -- THE SECOND READING IS COMPLETE
Millionday: >>>It is said that, "Rep. Nora Albjara had revealed earlier in the L / scales News / amended investment law that requires the involvement of 75% of the Iraqi labor in project
Millionday: SO AS WE SEE --AND HAVE LEARNED BY MANY REPORTS --- THIS IS OF EXTREME IMPORTANCE TO MOVE TO A MARKET ECONOMY /GLOBAL TRADE
.VIP.JARHEAD: whens the next legislative term
Millionday: A FEW WEEKS ACCORDING TO WHAT I HAVE READ BUT WOULD PREFER EXACT DATE SO WILL GET BACK TO YOU ON THAT
thomas1: the legislative are in now correct no recess
Millionday: YES -- THE REPORT WE HAD WAS THAT IT WAS EXTENDED 30 DAYS
Millionday: GOOD POINT THOMAS
Millionday: Center Brief for the Iraqi Media Network (IMN) - Director General of the version number and inventories at the CBI Ihsan Yasiri delete the zeros of the Iraqi currency and a national project to feminine Iraqi currency, likely work on the project early in 2017.
Millionday: NOTE -- WE READ YEARS AGO THAT AFTER THE PLAN OF THE REMOVAL OF THE THREE ZEROS -- THE PLAN WAS COMPLETE NEW CURRENCY SERIES
Millionday: "The Yasiri (IMN) that" the central bank began to develop the study of new designs for the currency after the removal of zeros it, "noting that" the deleted currency zeros will deliberate for Sntn in the local markets, as the bank continues to center to pull the old category of the currency over ten years. " .
Millionday: NOTE -- THE FADING OF NEW BILLS AND DESIGN HAVE OFTEN TAKEN YEARS (AS WE HAVE SEEN HERE) -- SO THIS IS TALKING ABOUT FUTURE PLANS AFTER THE REMOVAL OF THE THREE ZERO CURRENCY -- SMILE
Millionday: He continued that "it is likely the launch of the new category from the beginning of the currency in 2017 because there are a number of opponents of the project,"
pointing out that "monetary Asaddaramlat category 50, 100 and 200 to ease trading burdens currency after deletion of zeros, as well as the provision of liquidity to the means of transportation of currency."
Millionday: The Iraqi Central Bank decided earlier, re-exchange companies deprived of the central auction of the coin and the end of their sentences.
Millionday: NOTE -- MY FAVORITE PART >>>>>The central bank decided to open a window at his headquarters in Baghdad to meet delegates and scholars requests abroad in dollars and the official price.
Millionday: SO OBVIOUSLY -- MEETINGS ARE NOT ONLY GOING ON ABOUT IRAQ`S CREDIT RATING - BUT -- THEY ARE ALSO MEETING ON THE OFFICIAL CURRENCY PRICE -- WHHHOOOPOW
Doodle Brain: This article is very confusing for me. It states that the "Central Bank began to study the development of new designs for the currency AFTER the removal of zeros (it continues)...as the bank continues to center to pull the old category of the currency over ten years.".
Then it states that it will likely launch the new category in 2017. So does that mean the delete the zero's has been in the works for 8.5 years now? Does this mean we have another 1.5 years to wait for an RV? (you had to know I would ask about an RV)
Millionday: NO -- THIS MEANS THAT AFTER THEY REDENOMINATE AND PULL THE THREE ZERO AND OLD CURRENCY -- THEY ARE GOING TO ISSUE AN ENTIRE NEW DESIGN THAT WILL FADE IN AND REMOVE THE OLD AND USED ETC --
Comments may be made at the end of Part 2 Thank You