Millionday News 7/12/15 Part 1 of 2
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Millionday: NOTE -- WAITING FOR THE TIME FOR THE REMOVAL OF THE THREE ZERO CURRENCY AND ---- CBI SPECIFIES THAT -- IN OTHER WORDS THAT WILL COME FROM CBI --
Millionday: He explained Sylvana, a press statement, that "the issuance of a new class of Iraqi currency requires the presence of the assigned bank reserves Central foreign currency ", stressing that the central bank reserves at the moment, according to what the governor of the bank on the Keywords, enough for the issuance of class 50 000 dinars".
Millionday: NOTE -- IN THE PRESS STATEMENT -- CBI HAS ENOUGH TO COVER THE RELEASE OF THE HIGH DENOMS TOO --- REPORTED TO BE FOR STRATEGIC REASONS
Millionday: On a related matter, said economist Majid picture: that a central bank issuing the currency of the class 50 thousand dinars and 100 thousand dinars a very true and does not harm the economy of the picture Alsoq.ooodh "morning",
that "this procedure the system of payments where helps to raise the efficiency of the payments system and shorten the amount of cash in circulation, asserting that "the issuance of a large currency denominations will not lead to any inflation in the market. "
Millionday: NOTE -- HE IS ANSWERING AS IF EXPLAINING WHY THE RELEASE OF HIGH DENOMS --AND ASSURING THAT THEY WILL NOT CAUSE INFLATION ETC
Millionday: Suri said, "The government asks for large amounts, and instead of being small payment currency will be the big currencies," noting that the move does not mean increasing the trading currency, but the process of replacing banknotes and other papers. "
Millionday: SO THE GOVERNMENT HAS ASKED TO HAVE THE LARGE DENOMS --AND THE REST WILL HAVE BE TOLD OR SHOWN TO US
Millionday: HUGE IMO
Nadita: So.. CBI holds the key for the removal of zeros project and they are talking of issuing 50,000 and 100,000 dinar to shorten the amount of cash circulation. Am I wrong to say we are still a bit far in seeing project implementation
Nadita: or I am way off in my assessment lol
Millionday: THE TIMING WILL BE RELEASED BY CBI AND WE DONT KNOW THE TIMING --- CBI WILL RELEASE THE POLICY AND WHAT WILL BE USED TO REDUCE THE DIFFERENCE IN THE US DOLLAR AND THE IRAQI DINAR
Millionday: WE HAD PREVIOUS REPORTS THAT THE LARGE WILL BE PRINTED - BUT THIS IS NOT NEW WITH CURRENCY SERIES IN THE WORLD
Millionday: THEY STATED FOR STRATEGIC REASONS IN THAT REPORT
slh5282: havent they said the large demons would be for interbank transfers?
Millionday: THEY MAY HAVE -- THE REPORT I SAW WAS FOR STRATEGIES -- HOWEVER THAT IS STRATEGIES
Millionday: SLH -- I DIDNT SEE THAT REPORT
Bax: I did.. we had it in an article a month or so ago
Millionday: OH I BELIEVE IT -- AND IT MAKES NO SENSE WHEN WIRING WILL BE OR IS REPORTED TO BE DONE BUT I JUST MISSED THAT ONE -- THANK YOU BAX -- THIS ONE SAYS THE GOV ASKED FOR IT -- MAKES YOU WONDER IF THEY WOULD FIND THAT A GOOD IDEA
Millionday: THEY HAVE MADE SUCH HUGE MOVES WITH INTEGRITY AND MONEY LAUNDERING ETC --
Millionday: DOESNT MAKE MUCH SENSE BUT WE ARE HERE TO WATCH THE PROCESS -- HOWEVER THE --ENDORSING TO ISSUE THE NEW CURRENCY -- IS HUGE
Millionday: LIKE A --- WHOOPOW
Millionday: REMEMBER THE REPORTS THAT TOLD OF THE DESIGN ?
Millionday: According to a member of the Commission on oil and energy parliamentary deputy for the National Alliance Ibrahim Bahr al-Ulum, Saturday, that the differences on oil and gas law, "simple", noting that it can be solved easily and included in the work of the House of Representatives agenda.
Millionday: NOTE -- THE HCL ISSUES ARE A SIMPLE RESOLVE
Millionday: Uloum said in a statement to Agence / information /, "The draft oil and gas law has been performed since 2005, but he and with regret Larkin Parliament inclusion since that date to the lack of daring to be presented to Parliament because of the emergence of differences between the center and the region," noting that "differences on the law still simple and can be solved.
Millionday: "It was possible to vote on the law, passed in the first session of the Maliki government, but the seriousness was absent at the time because of the improved budget situation as a result of high oil prices at the time."
Millionday: NOTE -- HE IS SAYING THAT THE LAW IS READY OR HAS SMALL DIFFERENCES AND SHOULD GO TO PARLIAMENT
Millionday: Bahr al-Ulum that "the bill is ready for viewing, and the points of contention which is not Palmakdh and possible be resolved through meetings of the political blocs officials.
Millionday: GREAT NEWS -- HOPE THIS MEMBER IS RIGHT -- SOUNDS GOOD TO THE PROCESS
Millionday: WOW -- THERE IS A LOT GOING ON
Millionday: NATIONAL GUARD
Millionday: NOTE -- THE CALL TO FIND COMPROMISE ON NATIONAL GUARD LAW TO PUSH THROUGH FOR VOTE
Millionday: Jubouri said, during a press conference after a meeting with the heads of parliamentary blocs attended by «morning», to discuss the reasons for the delay included Guard law on the agenda of the Council: that «there is articulated issues prevent the adoption of this law and agreed upon»
Millionday: calling «all the blocks to search for solutions to satisfy the various parties in order to proceed by endorsing» .oges to «discuss all the differences on the law and resolution for the purpose of voting on it », stressing that« in the event of failure to reach compromise solutions will be passing the law received from the government is currently located in the security and defense committee ».
Millionday: NOTE -- IT IS NOW IN SECURITY AND DEFENSE COMMITTEE SO CALLING IF THEY FAIL TO RESOLVE AND GET IT THROUGH --
Millionday: In turn, most likely a member of the committee and the defense of parliamentary security, Majid al-Gharawi, re-project of the National Guard Law, to the government In the event of failure to reach an agreement between the political blocs Bhonh.oukal «morning»:
The meeting yesterday was at the request of the Presidency of the Council to discuss the root causes of the lack of law included in the agenda during the previous period and the reasons for delay in approval
Millionday: NOTE -- SOUNDS AS IF THEY NEED THE LAW IN PLACE -- QUESTIONING A DELAY ? HMMM
Millionday: SO IT SOUNDS AS IF THEY ARE SCARED OF ITS FORMATION ACCORDING TO DEFENSE OF PARLIAMENT SECURITY AND COMMITTEE MEMBER AND AS IF HE IS CALLING FOR THE LAW ---
Millionday: THIS WAS SENT TO ME FROM SUPER RESEARCHER FROM DINARUPDATES.COM AND OUR GREAT TEAM HERE
Millionday: HUGE NEWS -- READ EVERY WORD
Millionday: Economic Adviser to the Prime Minister, the appearance of Mohammed Saleh, confirmed that the Iraqi Central Bank auction has turned from a means of monetary policy to adjust the levels of liquidity, a financier of trade the private sector,
while noting that the central reserves are historical and should not be missed because of the mere demand for some commodities is important, revealed that monopoly power to win nearly 120 million dinars on each million dollars.
He said economic adviser, in a press interview, that «the central bank set the exchange rates looking in two directions and it is not only meet demand, but access to the correct price of the dollar and the price equilibrium».
Millionday: NOTE -- THE AUCTIONS WERE SET UP AS ANOTHER TOOL TO ADJUST THE LEVELS OF LIQUIDITY AND THEY ARE WORKING TOWARD THE CORRECT RATE FOR THE DOLLAR
Millionday: He pointed out that «the central reserves and excellent historical and should not be wasted just because of demand for some commodities is important and non-strategic».
He continued by saying that «must be balanced and parallel to the central exchange rate because the imbalance between the two prices will lead to the theft of the proceeds of operations», pointing out that «the entities which are ports on the auction, which accounts for the dollar amounts displayed and controlled prices».
Millionday: NOTE -- THE HUGE AMOUNT OF FUNDS THEY ARE HOLDING WAS NOT PLANNED AND IS NOT A PLANNED TOOL FOR CBI`S GOAL
Millionday: Saleh also highlighted that «the bank sells dollars at 1166 commission plus 24 dinars, and must procuring entities to get a commission difference does not exceed 10 dinars and not, as is happening now.»
He called for the need to «the central bank tries to access to the real student of the dollar until the end the issue of intermediaries». Saleh, said that «revealed every million dollars to win by nearly monopolistic powers nearly 120 million dinars».
Millionday: NOTE -- THIS IS ALL TO GET TO THE GOAL PRICE OF THE DINAR --
Millionday: He pointed out that «oil is the main and only source of foreign currency in Iraq and the only way out of the market foreign currency and does not come any flow of dollars of non-oil», pointing out that «the markets when they are separate get rid of the dollar inflows problems». He said «the government is that we get to go in 2035 to be the Iraqi market, independent and productive market, and is the operator be the foundation of the economy.»
Millionday: NOTE -- THE GOAL IS TO USE THE DINAR WITHIN 20 YEARS BUT NOW THE US DOLLAR IS THE OIL PROCEEDS CURRENCY FOR SALES
Millionday: And currency auction problems, noted the benefit that «Auction Central Bank of Iraq has turned from a means of monetary policy to adjust the levels of liquidity and maintain a stable exchange rate of the dinar rate, the financier of trade of the private sector,
a killer who struck melancholy monetary policy error and around the Central Bank in accordance with the understanding Almkhtu for many of those concerned may Lamcy like an ordinary commercial banks is funded by the private sector trade without understanding the monetary policy tools and the open market operations and its role in the stabilization of the exchange rate of the Iraqi dinar. »
Millionday: NOTE -- MANY OF THE BANKS ARE STILL LEARNING OBVIOUSLY WITH GREAT CHANGES HOWEVER IT ISNT FROM LACK OF TRAINING
Millionday: NO LACK OF PATTERN IN THE NEWS IMO
Millionday: SMILE -- WHOOPOW
Millionday: HAVE A GREAT EVENING
Millionday: MONDAY ROUND TABLE AT 1 EST
Millionday: HUGE PROGRESS -- LOVING THE NEWS