Millionday News 7/17/15 Part 1 of 2
Welcome to dinarupdates.com for News Time with Millionday!!
Millionday: WELCOME TO NEWSTIME EVERYONE
Millionday: THE NEWS HAS BEEN GREAT AND TO THINK WE ARE IN THE HOLIDAYS THROUGH THIS, SO OBVIOUSLY THE AMOUNT IS NEWS IN ITSELF
Millionday: THE GREAT SUMMARY OF INFO THAT WAS DONE BY BGG CAN NOT BE PASSED UP AS IT CONTAINS MANY PAST CURRENCY REPORTS AND PLANNING FOR IRAQ`S PLANS
Millionday: FIRST I AM BRINGING THE COMMENTS ON THE OIL AGREEMENT FROM TODAY THEN LETS LOOK AT SOME GREAT INFO
Millionday: Detection and Advisor to the Minister of Finance, Fadel prophet, for a new proposal to resolve the oil dispute between Baghdad and Erbil.
A prophet in a press statement, "There are some new proposals between the KRG and the federal government, because we hope that does not lead oil relationship between Arbil and Baghdad to the final drop."
Millionday: NOTE -- THEY ARE NOT WILLING TO PUT UP WALLS BETWEEN THEM AND HAVE THE UN THERE AMONG OTHERS (CAN SEE IN ROUND TABLE) SO, THEY ARE WORKING TO OBTAIN NEW AGREEMENT NOW -----UN HAPPY WITH MEETING
Millionday: He explained, "There are a proposal to sell the province oil independently, and to participate in the sovereign budget for Iraq", he said.
"On the other hand calls for Baghdad, the Kurdistan Regional Government to pay part of the Kirkuk budget because the latter sells maintain oil as well."
The federal government and the Kurdistan Regional Government may have concluded in 17 of the December 2014 oil agreement to export the region 250 000 barrels of production with 300 thousand barrels of the province of Kirkuk fields in exchange for pay Baghdad Kurdistan's share of the federal budget by 17%.
Millionday: NOTE -- THIS IS FINANCIALS
Millionday: faced agreement difficulties since then where accused Baghdad, Erbil convert the amounts of oil were lower than those agreed upon, while Erbil said that Baghdad pay less than half of the amounts due , but did not announce any of the parties after the termination of the work agreement, and continued to blame each other for weeks.
Millionday: NOTE -- VERY INTERESTING WITH AGREEMENT ANNOUNCED AS FINAL WEEKS AGO -- HOWEVER REPORTABLTY GOING VERY WELL AND IN A RUSH
Millionday: The navigation data, he pointed out that "the region sold nine million barrels of oil in eleven tanker from Turkish port of Ceyhan since the beginning of last June, compared with the five million barrels allocated for Sumo early in the month,
then most of the shipments stopped after that. " June was the first month witnessed large independent sales since the agreement in December 2014.
Millionday: SO -- THE FINAL AGREEMENT SHOWN RECENTLY APPEARS TO BE HELD UP THROUGH LACK OF FUNDS BUT WE SHALL SEE
tubbyone: I got here late, sorry if you went over this already. How do you think the all-but-dead Eurozone affects Iraq, if at all?
Millionday: EVERY ECONOMIC POSITION IN THE INTERNATIONAL COMMUNITY IMPACTS ALL MEMBERS AS IT IS NEGATIVE AND POSITIVE ---
THE IMPACT WOULD BE THE LACK OF CONTRACTS AND AGREEMENTS BEING ACTIVATED AND ALL STRATEGIC AGREEMENTS NOT BEING FULLY LAUNCHED IN IRAQ DUE TO THE MANY THAT HAVE SIGNED AGREEMENTS ETC ---
THE GLOBAL ECONOMY IS A MESS -- IN BUSINESS ANY NEW MARKET IS ALWAYS THE GOAL ON WHATEVER SCALE
tubbyone: Do you think Greece in and of itself has/will affect Iraq substantially directly or indirectly?
Millionday: I THINK THE IMPACT IS IN THE MARKETS -- ANY STIR UP CAN BE SEEN IN STOCKS AND THE FEAR WAS THE POTENTIAL
Doodle Brain: So we have borders being closed, we have taxes/tariffs starting August 1st, we have a pipeline from Iran to Iraq, we have WB/IMF loans to Iraq, we have the selling of bonds,
we have International Investors standing in line to work with Iraq, we have a theme park opening up to citizens who are poor we have rumors of new notes, pulling in of [damaged]currency, we have a secondary market opening up on their stock exchange...etc.
Doodle Brain: Then we have people saying that Iraq can stay at 1166 as long as they want. How can this be? Please help me understand why it will be IMPOSSIBLE for them to stay at a 'sanctioned' rate. Thank you.
Doodle Brain: Oh...and not wanting to deal with the Iran banks in Iraq. forgot that one.
Millionday: THE PROBLEM WOULD BE THE RETURN --- THE TRADE THAT WOULD BE DONE WOULD BE A NEGATIVE IMPACT ON THE NEW IRAQ AND......
Millionday: DUE TO THE "MADE IN IRAQ" COMING OUT -- WE UNDERSTAND THAT IN BUSINESS THE HUGE AMOUNT OF ZEROS THAT WOULD BE ATTACHED WOULD CREATE (AS ANALISTS HAVE STATED TODAY) AN UNDERSTANDING THAT
Millionday: IRAQ WOULD NOT LOOK ATTRACTIVE IN PRICING--LARGER THAN THAT -- GLOBAL ECONOMICS AND INTERNATIONAL COMPLIANCE --ALSO THE WTO REGULATIONS
Millionday: MAKE SENSE?
Doodle Brain: I'm with you MD...but Excel handles the zeros though, right? Also, a good credit rating gives the International Market the confidence to deal with the zeros. I mean, we aren't sitting with an abacus trying to work with four comas
Doodle Brain: said respectfully, of course.
Millionday: THE PROBLEM AND LOGIC IS THE HUGE REQUIREMENT OF --THE INTERNATIONAL EQUATION -----GLOBAL PRICING INDEX -- FAIR MARKET TRADE AND VALUE ---WTO--- LEVEL PLAYING FIELD
Doodle Brain: So to be global, you have to be global.
Doodle Brain: You have to play in the same field.
jarhead: so are u saying Iraq doesn't want to deal with Iran bank wise?
Millionday: JAR -- THE IRANIAN BANK THAT WAS SHUT DOWN IN IRAQ -- WAS REPORTABLE DONE SO DUE TO THE NAME BEING LISTED ON TERRORISM FUNDING SOME WHERE ---INTERNATIONAL COMPLIANCE WAS THE REASON GIVEN
tubbyone: Have you ever talked about the IMF equation for the dinar valuation and that it has to be done before certain things can happen for Iraq on the world stage?
Millionday: I BROUGHT THE INK IN ANNOUNCING THE ORDER GIVEN TO DO THE INTERNATIONAL EQUATION IN IRAQ
Millionday: GUESSING ABOUT A MONTH AGO
tubbyone: Do you know if it's a set formula?
Millionday: ACCORDING TO MY RESEARCH IT IS ACCORDING TO THE COUNTRY AS TO WHAT FORMULA IS USED AND THEIR POSITION BUT DONT KNOW THE FORMULA THEY WILL USE IN THIS COUNTRY
BGG: I am not certain.
BGG: but I would add - virtually EVERYTIME they discuss monetary policy they bring up money laundering/fraud as an issue...
BGG: virtually EVERY SINGLE TIME.
BGG: so I would assume there is more to this Iranian bank getting the Kbosh than they were letting on...
BGG: in fact, they very pointed went out of their way to say it had nothing to do with the upcoming agreement.
BGG: being a fair assumption Iraq is shutting some kind of "back door" off prior to whatever "is next"...
BGG: very pointedly...
puffdragon BGG: Bank has Maliki ties ?
BGG: more likely Iranian ties.... I made the case for Iran using Iraq as a "proxy buffer" all along...
Millionday: I KNOW I WAS GLAD TO SEE THE CURRENCY LAWS PUT IN PLACE
Comments may be made at the end of Part 2 Thank You