Millionday News 2/21/14
Welcome to Millionday News at dinarupdates.com Post By Rudie Part 1
[millionday] here we go
[millionday] He said experts and specialists in regard the country's financial The implementation of the project to delete the zeros from the Iraqi dinar will increase the strength against the U.S. dollar, in addition to facilitating the drawing political price in the country,
as demanded a parliamentary committee by clicking on the government, "which disrupted the project" to force it to be implemented through texts Constitutional which allows the printing of a new currency,
pointing out that the country's exit from Chapter VII, and to achieve the balance of Iraq's 76 billion dollars in international banks catalysts to delete the zeros.
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[millionday] note -- this is saying that they have held it up long enough -- the currency will increase the dollar and that will create the pricing in the country it will also minimize inflation
[millionday] The decision of the Commission on Economy and Investment parliamentary Mahma Khalil said in an interview with the "long" The parking Government against activating the decision to delete three zeros from the Iraqi currency under the pretext of fear of counterfeit currency is not justified,
especially as the regional climate is ripe after the withdrawal of Iraq from Chapter VII and raced companies Global investment to invest in Iraq.
He added that there is a legitimate action as a means of pressure on a government to force it to retreat from its position, including recourse to the constitutional provisions that allow the printing of a new currency and to address the weakness of the Iraqi dinar against the U.S. dollar as a necessity of economic urgency after that had a balance of Iraq's sovereign global banks 76 billion dollars.
[millionday] note -- saying that counterfeiting fears is not a legitimate reason for the hold up is a beautiful statement smile
[millionday] there has to be urgency to the project of deletion of the zeros due to the need , investors, and the constitution nice
millionday] For his part, said economic expert Majid picture "long" The Central Bank of Iraq in agreement with the Ministry of Finance presented the studies necessary for the process of deletion of zeros since 2008 and has taken all actions relating to the restructuring of the Iraqi currency,
including the design of the currency and denominations and the quality of paper used her, who confirmed that from the finest stainless paper cash or difficulty falsified.
He added that the executive branch has decided to postpone the process of restructuring of the Iraqi currency, which led to the cessation of all actions related to this project,
explaining that the aim of the restructuring process is to reduce the cost of handling and facilitate transactions handled, especially medium and large as well as to facilitate the draw price policy in the country.
[millionday] note -- meaning that they have talked about this long enough and it is the reason the currency was printed in the first place and the small denoms need to be used
[millionday] and the pricing needs to be set
[millionday] He stressed the need to accompany the process a package of measures distributed responsibility on all departments and state institutions and banks in order to develop solutions to the problems and obstacles that can arise during the process of restructuring,
including cash, and accounting, and security as well as take the necessary measures to destroy the currency received canceled.
He pointed out that the experience of Iraq to replace the currency in 2003 was very rich, but did not exceed only change the shape of the currency and replace it,
so you do not need accounting requirements or legal, calling for the need to educate departments, banks and citizens feasibility of restructuring the currency as well as
[millionday] note -- expert economist stated --- you did it in 2003 with ease so you can do it now (summary)
[millionday] end of report >>>>>>>>>> the use of modern technologies to detect fraud, also called to the non-interference of politicians and subjecting such decisions to Mazidat and political skirmishes, because that is not in the interest of monetary policy and the Iraqi economy.
Meanwhile, a financial expert, Thamer Alheimus "long" that highlighted the benefits of the deletion of zeros is to create flexibility and ease of trading, and gave the example that in the case of activation of the decision will be coin values of small Kkhmsin fils or less, and under that will highlight the prices between the fourth dinars and half dinars or less, and thus would be unlikely in a large increase in the value of the Iraqi dinar against the U.S. dollar in the case of Sir prudent monetary policy according to which it will contribute to the improvement of household incomes and low-income social strata.
[Domino] millionday Pretty dang bold I'd say and I agree with Nike who really got it right - Just Do It!
[millionday] note -- this means just the removal of the zeros and setting the rates will raise the value of the USD and help their own economy due to the pricing change it effect
[millionday] Domino smile -- so this will also raise the value of the USD as in our own value so that is great in itself as well smile
[Danalivin4HIM] Do we want our dollar to raise in value with the dinar? and who is Majid?
[msboomshakalaka] the dinar raise the value of the USD?
[millionday] Danalivin4HIM he is an international expert economist in Iraq and yes we want our buying strength to raise because that means we get more for our dollar
[ROBINREDHED] millionday could you explain this millionday and thus would be unlikely in a large increase in the value of the Iraqi dinar against the U.S. dollar.......does this mean a low rate??
[millionday] the raise of the value of the dinar against the usd will raise the value in country of their dinar for them and they will want their own currency and then here the process will raise the value of the usd due to the reserves and the global effect
[larrykn] md the raising of the usd will lower the price of gold right
[millionday] that is talking about the use of the coins (fils) and is saying that they wont need many with a huge increase and a low increase will bring a larger use of the fils
[wilson6060] with deletion of the zeros is that an RV
[millionday] meaning the removal of the zero and the raise of the value will produce the pricing in the country --- the effect of what the value comes out with will determine how many coins (fils) will be needed by the pricing index that it creates
[millionday] larrykn the higher demand will when Iraq goes into market economy and also the higher rate as well
[millionday] wilson6060 the effect of the removal of the three zeros will be among many things the -- setting of all international values including the rate to the usd for the dinars we have
[risk] The key is who is stating these things in these articles
[millionday] right and that is a huge economist calling them out as of now -- so nice with who he is in Iraq with the monetary policy and his expertise
[crank7] Is this an appeal to the CBI? Just checking...............
[millionday] yes and demand to the gov written to the citizens and also stated to them both -- cbi and gov -- pressure and stating that all these excuses are ridicules -- which think about when they had to change it when the program rate was imposed -- it didnt take all this time -- silly
[Richard Incrocci] millionday So basically the message is: GET R Done?
[millionday] yup smile
[millionday] summed it up perfectly -- whoopow
[Richard Incrocci] So is there any reason why the shouldn't or wouldn't? *
[Richard Incrocci] Hard to fathom any reasons for any further delays
[millionday] this has a time set -- something this large would so with the money being absent in the country and all the issues they have shown due to its delay -- we would expect that the phase as they say we are in shows so many laws done and so much complete that we dont see a reason that is holding them up ---
[millionday] brb with more
[millionday] Class Iraq Cassapa country in the world has reserves of oil according to the classification Foundation (Business Insider) Global economic sector, which issued a list of States which has the largest reserves of energy sources produced from fossil fuels (oil, gas and coal).
was according to a study institution to calculate the total value of the reserves in accordance with the prices of the current world, and Russia was ranked first in the list, which included 18 countries,
[millionday] with the arrival of the total value of their reserves of energy sources to about 40.7 trillion dollars, followed by Iran in second place reserves, worth about 35.3 trillion dollars.
while replaced Saudi Arabia, which is the largest producer and global exporter of oil in the fourth place after Venezuela, with a total value of oil and gas reserves stood at 33 trillion dollars.
then the United States reserves amounting to 28.5 trillion dollars and then Canada valued at 20.2 trillion dollars. solving Iraq ranking seventh reserves amounted quantity of 150 billion barrels and 18 trillion dollars worth.
[millionday] the US of A is above Iraq brb
[millionday] Parliamentary Economic Committee Salman al-Moussawi, on Friday, the central government put checkpoints on border crossings to the Kurdistan region of Iraq, while noting that the region has not been applied customs tariff on trucks entering him yet.
Moussawi said for "tomorrow Press" , said that "the border crossing points in the Kurdistan region of Iraq has not been applied customs tariff on trucks entering it from the outside," and called for "shutting down these ports because it is unofficial.
[millionday] and called al-Moussawi, the central government to "put up checkpoints on the border ports of the region and the applied customs tariff on all trucks entering.
" and announced the Directorate General Administration of Customs, earlier, on the application of the tariff in full effect from the beginning of the month of January 2014, having been delayed by several times due to the absence of mechanisms of action and high prices of goods in the Iraqi market, as well as the obstacles faced law.
[millionday] the law has been ready sitting on desk but now they want crossing points for kurds and Iraq to have customs set up to apply tariff and check points nice
[millionday] it has been sitting since jan 2014 smile brb with more clues i mean news -- smile
[ROBINREDHED] clues is more like it
[millionday] Description independent MP and candidate on the list of Liberal Hassan Alawi last speech of the leader of the Sadrist movement Muqtada al-Sadr that he was not declaration withdrawal, but it was a declaration to enter into a new phase of national action.
said upper in a statement today received the Agency for News News (et) a copy of it: "I was on a tour of Arab during the past two weeks ended participate in the conference, the annual cultural in
[millionday] the focus of my conversations and my conversations and my meetings political with leaders and Masslat Arab media, did not find what you find him in previous visits of the difficulty in sharing a positive impression Sadrist with whom I met from the general people of the media or from a private ruling people,
have preceded me to those capitals convictions Arabic that the Sadr movement is now an acceptable framework for a Popular Movement betting in the establishment of a stable political system in Iraq, shared by Iraqi standards alike. "
[millionday] note -- Sadr was misunderstood and is not trying to resign but is trying to get backing
[ROBINREDHED] of course he is
[millionday] and between He: "In those moments, and our response Zapper announcement of the retirement of Mr. Muqtada al-Sadr's political work, was signed by heavily on the Arab street and the political elite and the major media,
and what is the largest that the announcement comes at a moment brightening see a national leader in Almqthbl leads this popular movement to set national targets absent since the absence of the leaders of the National Movement for contributing to the political decision-making.
" said independent MP , "and wait for the people's speech, Mr. Sadr, who take a larger close to the reaction of the street on the announcement by President Gamal Abdel Nasser resigned after a setback in June 1967,
[millionday] note -- sounds like he was seeing what the response would be to me
[millionday] and missed all the people of the media and drug abusers in politics daily that the jurist to Aistqil and not in the book Quran single resignation or withdrawal,
and there were not this or that in the speech of Mr. Sadr, but used the editors of News Mfirdtm them before they stop at the rules and conditions of the jurist and the language of jurisprudence legitimacy, where policy intervention branch of jurisprudence and not a separate section . "
[millionday] so thats enough of that --- sadr was misunderstood anyway – smile brb with more
[millionday] here we go with some news -- check this out >>> Iraqi Prime Group for Strategic Studies in cooperation with TASAM (Turkish Asian Center for Strategic Studies) on 21-22 February 2014 in Baghdad, the capital city of the Republic of Iraq.
“Unity in Diversity: Source of Power” - Distinguished Prof. Nur Misuari - Chairman of Moro National Liberation Front Think Tanks Forum of the OIC Countries” will be organized and hosted by Iraqi Prime Group for Strategic Studies in cooperation with TASAM (Turkish Asian Center for Strategic Studies) on 21-22 February 2014 in Baghdad, the capital city of the Republic of Iraq.
[millionday] this is what it is about >>>>>> Today the social, economic and political situation of the OIC member countries tenders a scenery full of problems.
Regarding the issues such as freedoms, welfare, justice, education, environment; it is visible that OIC countries have fallen behind accepted international criterions. Ideological and sectarian confrontations have grown into external and internal problem piles.
[millionday] kind of interesting that the conference is the same time that the g20 is happening -- interesting
Comments may be made at the end of PART 2 THANK YOU