Millionday News 7/31/15
Welcome to dinarupdates.com for News Time with Millionday!!
Millionday: THERE IS SOME VERY IMPORTANT MOVEMENT TODAY AND IT IS HARD TO ADJUST HOW TO PRESENT THE POINT --
Millionday: LETS LOOK, HERE WE GO AND WE WILL TRY TO ADD MORE AS WE GO ON
Millionday: The office of Prime Minister, Haider al-Abadi, announced signing a Memorandum of Understanding with the USA and UN to rebuild the liberated areas in Iraq.
Statement by Abadi's office cited "Abadi signed the MoU with the USA and UN to execute the US's grant over rebuilding the liberated areas in Iraq where the USA will start the rebuilding process to help in the return of the displaced families to their residences.
Millionday: SO OF COURSE THE HUGE STEP IS TO BRING THE CITIZENS HOME BUT THE HELP IS FROM MANY INCLUSIVE OF US NO DOUBT OF COURSE
Millionday: NOW END OF THAT REPORT BUT BEFORE WE MOVE FORWARD LETS READ THE PLANS/EXPLANATION OF THE FUNDING MOVE
Millionday: On July 29, 2015, the Executive Board of the International Monetary Fund (IMF) approved SDR 891.3 million (about US$1.24 billion or 75 percent of quota) for Iraq under the Rapid Financing Instrument (RFI)1.
The purpose of this financial assistance is to help Iraq address present and urgent balance of payment and budget needs in 2015 related to the ISIS insurgency and a decline in oil prices.
Millionday: NOTE -- WE HAVE READ MULTIPLE REPORTS CONCERNING THE IMPACT ISIS AND THE FALL IN OIL PRICES HAS HAD ON ECONOMIC AND TRADE PLANS ETC ON IRAQ AND EVEN THE REGION
Millionday: READ EVERY WORD >>>>>The IMF financing will support the authorities’ current economic program, which includes fiscal adjustment measures and structural reforms.
Following the Executive Board’s discussion of Iraq, Mr. Mitsuhiro Furusawa, IMF Deputy Managing Director and Acting Chair of the Board, issued the following statement:
“The twin shocks faced by Iraq from the ISIS insurgency and the drop in global oil prices have severely widened the government deficit and caused a decline in international reserves.
Millionday: NOTE -- THE BUDGET AS IN ANY BUDGET RELIES ON REVENUES -- ESPECIALLY WHEN SO MUCH OF IT HAS BEEN IMPACTED PRICE WISE -- THIS COULD BE A DISASTER OR A RESOLVE AS WE SEE HERE
Millionday: The authorities’ policies to deal with the shocks, including sizable fiscal adjustment and maintenance of the exchange rate peg, go in the right direction. Access under the IMF’s Rapid Financing Instrument will help address Iraq’s urgent balance of payments and budget needs. However, large fiscal and external financing gaps remain.
“The large financing gap calls for the rigorous implementation of the authorities’ policies, but also additional fiscal adjustment measures and identification of domestic and internal financing. In this context, it will be important to implement the new electricity tariff schedule as soon as possible, or adopt compensatory measures.
Millionday: NOTE -- READ THAT VERY CAREFULLY
Millionday: NOTE -- THE DOMESTIC REVENUES REQUIRE THE TARIFF ON ELECTRIC ACCORDING TO THIS AND OF COURSE LOGIC FOR DEVELOPMENT
Millionday: NOTE -- THIS IS WHAT IS MEANT BY SO MUCH NEEDED AT THE SAME TIME
Millionday: Looking ahead, the authorities should lay the ground for medium-term structural reforms that would better support macroeconomic policy management and boost the economy’s resilience to shocks.”
1 The RFI provides rapid and low-access financial assistance to member countries facing an urgent balance of payments need, without the need to have a full-fledged program in place.
It can provide support to meet a broad range of urgent needs, including those arising from commodity price shocks, natural disasters, conflict and post-conflict situations, and emergencies resulting from fragility.
Millionday: NOTE -- THE REFORMS -- THE REFORMS -- THE REFORMS -- WHAT ELSE COULD BE THE ANSWER ---- THE POSITION THAT IRAQ NEEDS IS REACHABLE
Millionday: Access under the RFI is limited to 75 percent of quota per year and 150 percent of quota on a cumulative basis. Financial assistance under the RFI is provided in the form of outright purchases without the need for a full-fledged program or reviews.
Millionday: WHOOPOW I LOVE A PATTERN
Millionday: LOL -- NOW THIS IS WELL DESERVED
Millionday: Palm-issued Iraqi Prime Minister Haider al-Abadi, an order to confiscate private plane with Vice President of the Republic, former Prime Minister Nuri al-Maliki, and forwarded to the "Iraqi Airways".
sent the General Secretariat of the Council of Ministers a letter to the Ministry of Transport, an approach in which the transfer of the special Maliki presidential plane ownership, to the company "Iraqi Airways", and registered name of the company.
Millionday: NOTE -- I KNOW I DO AND AM SURE SOME OF YOU REMEMBER THE -PLANE FROM IRAN -- BUT ABADI HAS REMOVED THE PRESENT FROM MALIKI -- HMM
Millionday: from the coalition of state law Rubaie, Thursday, hosting some ministers for negligence in their work within the parliament subject to a settling of scores between political blocs, noting that the parliament is unable to perform his work to monitor the work of government ministries. Rubaie said L / scales News /
"The host some ministers accused of negligence in their work within the parliament subject to a lack of balance between the political blocs and to settle accounts between the mass and the other does not consider her professional and efficient door."
Millionday: He added that "the parliament he could be held accountable for negligence and sack ministers who have increased their numbers in Iraq for the past years."
Rubaie pointed out that "the House of Representatives is unable to perform oversight of government action being determined by mass balances and all sensitive minister who belongs to it."
The Committee on Energy and Oil Finance Committee and the Integrity Committee in the House of Representatives hosted on Wednesday, Deputy Prime Minister and Chairman of the Energy Committee of the Cabinet Bahaa al-Araji and Minister of Electricity Qassim Fahdawi, Oil Minister Adel Abdel Mahdi and Finance Minister Hoshyar Zebari to discuss the electricity issue and the deterioration of Taqh.
wilson6060: Tariffs still a go for tomorrow..
Millionday: I READ IT IS THE SECOND INSTEAD SO I AM WAITING TO SEE RIGHT NOW DUE TO THE DIFFERENCE IN DAtes
Millionday: EVERYONE HOLD THE FLOOR PLEASE I AM GOING TO TALK ABOUT THE ELEPHANT IN THE ROOM BECAUSE I WANT TO -- SO HOLD ALL COMMENTS UNTIL I GET DONE WITH WHAT I HAVE TO SAY -- THANKS
Millionday: I WOULD LIKE TO SAY ONE THING AND THEN ONE REPORT
Millionday: NO OFFICIAL ANNOUNCEMENT HAS BEEN MADE IN INK BY DINARCORP.COM AS OF RIGHT NOW --I WILL NOT AND ASK YOU TO NOT FEED INTO THE DRAMA STATEMENTS WHEN FACTS ARE NOT KNOWN ---
PLEASE CONDUCT YOURSELVES AS ADULTS AND IF YOU ARE BORED TALK ABOUT THE GREAT FUTURE WE HAVE BEEN BLESSED WITH
Millionday: WHEN AN OFFICIAL STATEMENT IS MADE WE WILL HAVE IT HERE -- WE WILL NOT TAKE PART IN RUMORS OR CHILDISH BEHAVIOUR
Millionday: AS YOU KNOW -- I CHOOSE TO TREAT EVERYONE WITH RESPECT -- EVEN THOSE WHO ARE CHILDISH ENOUGH TO TRASH ME -- OR ANY OF US -- I PRAY FOR THEM AND THEIR LOVED ONES ONLY
Millionday: I HAVE ONE MORE REPORT FOR YOU -- BRB WITH IT
Millionday: TARIFF AND CUSTOMS AND TAXATION/INVESTMENT LAWS ETC -- ARE ALL PART OF IRAQ`S REFORMS AND ADVANCEMENTS IN THE GLOBE
Millionday: The head of the minister for economic affairs adviser appearance of Mohammed Saleh, Wednesday, that the application of the decision tariff will not change schedule will apply on time.
Saleh said for “tomorrow Press,” that “taxes and the application of the customs decision has economic level goals to improve the lives the citizen and the provision of services,
“stressing that” the application of the decision tariff schedule will not change and will be implemented on time. ” He added that “the tax will be taken from specific financial revenue will not be random,”
pointing out that “the tax will contribute to the solution of economic problems concerning the social reality citizen and re-infrastructure projects. ”
Millionday: SO AS WE SEE -- THE PLAN IS THE TIMED PLANS AS THEY WERE RELEASED AND TOLD IN THE BEGINNING --
Millionday: PLANS SEEM TO BE GOING FORWARD ON TIME --- WHOOPOW
ronda: did they confiscate maliki also and why did he get a plane
Millionday: HE WAS PRIME MINISTER WHEN IRAN GAVE THE PLANE SO HE KEPT IT DUE TO HIS POSITION --- HE IS STILL WORKING OR AT LEAST SPEAKING
jetset: SO WHAT HAPPENS IF THERE ARE TAXES AND NO RATE CHANGE
Millionday: THE COST OF LIVING NEEDS TO RAISE IN COUNTRY FOR ELECTRIC ETC -- BUT THE TARRIFF NEEDS TO IMPACT PRICING FOR COMPETITION TO BE SUCCESSFUL -- IMO --- GREAT QUESTION MY FRIEND
Cricket22 Millionday: I just noticed that Dinar Corps site is up and available. Was it shut down earlier, and now it's back up and running?
Millionday: YES IT WAS SHUTDOWN EARLIER WHEN I LOOKED AND THEN BACK UP -- THANK YOU HUN
GrannieAnnie: IF these tariff and taxes start tomorrow without a rate, that will hurt the Iraqi citizens cause they won't have the money to pay for the items that they need with the taxes added to it.
Millionday: I BELIEVE THEY ARE FOR EXPORTS ETC -- NOT LOCAL PRODUCTS AT THIS POINT--
tarrog1: I`m a little confused in q&a about a pig farmer isnt going to get rich quick comment. If BGG is there can either he or you elaborate on that for me please?
Millionday: THE PIG FARMER HAS TO WAIT FOR THE INVESTMENT TO GROW AND WILL NOT GAIN RIGHT AWAY IMO
BGG tarrog1: I was talking about the Government putting an end to the reserve program...
BGG tarrog1: period.
Millionday: BGG -- THE PIG STILL HAS TO WAIT LOL -- GOOD GUESS DONT YOU THINK -- LOL
BGG: and my comment for those out there bashing and saying I'm less optimistic for an RV right now - they don't know what they are talking about.
BGG: I'm horrified this happened - but AS HORRIFIED this may happen immediately after such an action by the government - one has to admit with the WB threats the timing is oddly coincidental.
Millionday: THINGS THAT MAKE YOU GO HMMMM