Millionday News 7/18/15 Part 2 of 2
Welcome to dinarupdates.com for News Time with Millionday!!
Millionday: NOTE -- PARLIAMENT FINANCE ALSO STATED IN APRIL THAT ECONOMIC GROWTH IS AN IMPORTANT PART OF THE LOANS
Millionday: NOTE -- REMEMBER THE MANY REPORTS WE READ THAT LISTED THE AREAS OF INFRASTRUCTURE THESE LOANS FROM THE WORLD BANK WOULD IMPACT --
Millionday: The estimated funding sources in Article III of the budget bill for 2015 of $ 6,168,040,000 dinars, this amount is used to cover the budget deficit and repay domestic and foreign loans and domestic debt amortization payments, and amortization of Eurobonds, and extinguish religion's central bank bonds.
Iraq complain of weak financial revenues due to declining oil prices and increased expenses, which the military side came on her head, which made the government resort to austerity as one of the solutions adopted to cope with the economic situation of the country which.
Millionday: NOTE -- THE SITUATION IN THE COUNTRY WITH ALL OF THESE RESPONSIBLITIES IS NOT IDEAL FOR IRAQ IN ANY WAY ACCORDING TO THIS -- THEY HAVE LOW REVENUES AND ARE ADDING DEBT BEFORE THEY GET STARTED
Millionday: The International Monetary Fund forecast, in (March 21, 2015), the high proportion of the budget deficit in 2015 to more than the proportion of 12% announced by the government, to "significantly higher levels", due to lower oil prices, and a weak possibility of Iraq's commitment to export 3.3 million barrels per day,
also assume the budget, it proposed the implementation of reform measures include strict austerity in investment projects, and a commitment to reducing expenses, and the revision of the maximum limits of central bank sales of the currency, referring to the overall growth contraction, and the prospect of rising inflation slightly the end of this year.
Millionday: SO AS WE SEE THE IMF HAS GIVEN IRAQ RESOLVES THAT NEED TO TAKE PLACE -- ITS DEVELOPMENT OF ALL REFORMS FOR EXAMPLE WOULD BE GREAT TO SEE
Millionday: I THINK THIS SOUNDS LIKE THE DISCUSSION OF THE DAY -- WHERE IS THE DINAR WITH TRADE ON THE WAY ? WHERE IS THE REFORMS? WHERE IS THE MONEY AND REVENUES?
Millionday: WHOS RUNNING THIS RAT RACE? LOL
Millionday: Virtue confirmed parliamentary bloc, on Thursday, that the process step taken by the government to issue national bonds will contribute effectively to provide liquidity and investment opportunities for citizens to educate and call on the street at them that.
The MP said the bloc Abdul-Hussein al-Musawi said in a statement received / scales News / copy of it "We recall what posed by virtue block previously that the continuing fall in oil prices and the absence of actual capacity to increase production and the adoption of the general budget mainly on oil exports requires research in such mechanisms and which ones to issue national bonds, pushing Optional savings for citizens and the stimulus it calculates the fan more than normal interest rate interest rate.
He added that "This result will provide an opportunity for the government and liquidity may be stressful if borrowed from the World Bank and would also create a mechanism to take advantage of the funds in the capital inside Iraq.
Millionday: CONFIRMED -- THE ISSUANCE OF BONDS AND INFORMATION ABOUT THEIR PROCESS
Millionday: SO THEY ARE USING BONDS AS STATED PREVIOUSLY TO DEVELOP LIQUIDITY AND INVESTMENT FOR CITIZENS --THE REPORTS WE READ ABOUT THE BONDS INCLUDED INTERNATIONAL BONDS WITH DOMESTIC SO WE SHALL WHAT WE FIND IN INK
Millionday: REMEMBER THE CULTURE AS WELL -- IT IS NOT A PROUD MOMENT FOR YOUR FAMILY IF IN OFFICE YOU LEFT THE COUNTRY IN RUINS
Millionday: SO THEY SEEM TO BE AT A CROSS IN THE ROADS
Millionday: Ministry of Finance announced on Saturday it would send to the province of Kurdistan province sums by selling oil company "Sumo" for the month of June.
The agent said the Ministry of Finance Fadel prophet in his transfer media office of the Patriotic Union of Kurdistan and a statement seen by Twilight News, that because of Eid al-Fitr holiday, the sale of oil amounts write the sender by SOMO to the outside of the Kurdistan Region, will be next week.
He said he did not want the announcement of the planned amount sent, but the total of a few, and is due to send the Kurdistan Region small amounts of oil by SOMO to global markets last month.
Millionday: SO AS WE SEE HERE THE IRAQI GOVERNMENT HAS AGREED TO SEND FUNDS -- I WOULD ASSUME THAT THE TALKS ABOUT THE AGREEMENT WITH ERBIL WENT WELL ACCORDING TO THIS
diane1: is the HCL DONE and agreed
diane1: it looks like many things are playing key rolls in getting a lot done all at once. thank you Robin
Millionday: NO IT IS REPORTED TO BE MINIMAL IN WHAT NEEDED DONE AND TO BE COMPLETED AFTER EID -- THE 20TH IS THE END SO NEXT WEEK
Doodle Brain: Could this payment to Kurdistan be because they have been putting more and more pressure on Govern't? Talks of separating, talks of selling their oil separately, etc. Is GOI just appeasing them at this point?
Millionday: THEY COULD BE BUT THEY ARE IN SERIOUS TALKS WITH ERBIL ON THE OIL AGREEMENT WITH THE UN SO I WOULD SAY NOT WHAT I WOULD THINK –
THEY WOULD NOT BECOME INDEPENDENT OVERNIGHT SO THAT WOULD NOT BE AN OPTION RIGHT AWAY-- THE PRESSURE IS A GOOD POINT THOUGH –
THEY HAVE TO MOVE FORWARD WITH DEBT AND AGREEMENTS MADE OR FAIL -- I SAY THEY HAVE COME TO A CROSS IN THE ROAD -- LEAP OR RUN
diane1: isn't the UN in iraq helping to negotiate the HCL to get in done and move forward the economic reform, it is my understanding that the HCL is one of the biggest keys to finalizing momentary reform. Can they move forward with minimal done on HCL and make adjustments after, or is HCL part of the exchange rate.
Millionday: THE OIL LAW IS HUGE IN A COUNTRY PRODUCING OIL AT THE LEVEL THEY DO IN IRAQ BUT –
TO SAY THE MONETARY POLICY CANT MOVE FORWARD BEFORE THE HCL IS DONE OR AFTER IS INFORMATION NO ONE HAS --- AT THIS POINT THEY HAVE THE 2011----
SO IT MAY EVEN BE RELIANT ON ISSUES RESOLVED IN THE OIL AGREEMENT ---
TO KNOW WHICH IS TO BE ACTIVATED FIRST CANT BE DONE BUT -- THEY ANNOUNCED THEY WOULD USE THE OIL AGREEMENT WHILE THEY FINISH THE HCL --THAT WAS INTERESTING TO ME TO STATE
puffdragon: Wm white stated back with Shabs HCL was never an issue in 2012 important for the distribution of oil revenue to the people. Not mandatory for RV !
thomas1: so no hcl no rv correct
Millionday: NO NOT CORRECT THOMAS ---- THE HCL DOES NOT DEFINE IF THE MONETARY POLICY IS RELEASED OR NOT -- THE PLAN ITSELF WILL DO THAT -- MEANING THE PLAN FOR REFORMS
Millionday: THIS IS ABADI`S DEPUTY
Millionday: Deputy Prime Minister , Bahaa al-Araji considered on Thursday circumstances happening in the country as require unconventional solutions to address them.
Iraq is living deteriorating security conditions due to ISIS terrorist organization control over large areas in the north and west since the mid of last year in addition to the economic and financial crisis as a result of low oil prices in world markets.
Millionday: According to a statement issued by al-Araji’s Office received by Shafaq News, the latter met with ministers of interior, justice, transportation, municipalities, tourism, labor and social affairs, reconstruction and housing.
The statement added that during the meeting, they reviewed the overall political developments in the country and developments in the war against ISIS terrorist gangs, and the importance of coordination and mutual interaction among the various ministries in order to create a unified pragmatic attitude toward terrorism, and improve the level of services provided to citizens.
Millionday: NOTE -- HE IS ADDRESSING THE MINISTERS TO MAKE IT CLEAR THE SITUATION IRAQ IS IN
Millionday: NOTE -- HERE IS THE IDEAS HE HAS BROUGHT FORWARD
Millionday: The statement quoted al-Araji, as saying that "exceptional circumstances experienced by the Iraqi government and people require unconventional solutions capable for advancing progress and development at the executive level,
improve the concept of national reconciliation and strengthening it among the different groups and political actors to be mainly in the consolidation of the government's drive in the war against terrorism and extremism on one hand and support the construction , development and investment on the other hand. "
Millionday: SO HE IS EXPRESSING THE NEED FOR THEM TO MOVE FORWARD WITH NATIONAL RECONCILATION AND DEVELOPMENT ETC
Millionday: I AGREE
Millionday: SUCH A CROSS IN THE ROAD
JoeM: Unconventional solutions sounds interesting?
Millionday: YES WHEN IT IS PAIRED WITH NATIONAL RECONCILIATION AND THE REFORMS
Millionday: IT SAYS >>>>require unconventional solutions capable for advancing progress and development at the executive level, --THAT IS A LOT DIFFERENT THAN >>>JUST UNCONVENTIONAL SOLUTIONS
Millionday: SMILE -- WHOOPOW
Millionday: ADVANCING PROGRESS AND DEVELOP AT THE EXECUTIVE LEVEL --
JoeM: Yep, thats what I was alluding to.
puffdragon: Information coming out is always days late so maybe already done ?
puffdragon: Just not public yet .
Millionday: IT IS ALWAYS BEHIND THAT WAS PROBABLY TWO DAYS WITH HOLIDAY ETC
Millionday: HAVE A GREAT NIGHT AND SEE EVERYONE TOMMORROW