Special Recaps Note: Sincere condolences again to Millionday and your family - we have missed you as well as the readers -- Welcome Back!!
Millionday News 3/17/14 Post By Rudie Part 1
Welcome to dinarupdates.com news time with Millionday!
[millionday] here we go >>> Experts said the economy that inflation in the country behind the failure of the project SEC coins, but they added that the central bank and the banking system bear this failure because they did not Iverdaha transactions cash through distribution in government salaries or deposits held by private banks,
stressing that the mintage concerned is necessary for the project the deletion of zeros from the dinar because it was in favor of raising the value of the dinar...
[millionday] note -- this is about the issue of the coins - because it is needed to move forward with the rate change and the redenomination
[ROBINREDHED] coins? coins?
[millionday] coins coins coins
[jtank] They have failed?
[millionday] said a member of the Finance Committee in Parliament Abdul Amir Hussein said in an interview with "long", "The coin has a positive impact on the Iraqi dinar, especially in the event of the application of the project to delete the zeros from the dinar,"
noting "The coin will have an important role and is effective in raising the value of the Iraqi dinar." and put Hussein blame for the failure of the coin, although the SEC, many of them with the replacement of the Iraqi dinar after 2003, the responsibility of the central bank as responsible for the policies and Alstrajiat fiscal and monetary " .
[millionday] note ==the past coins were not used after the change in 2003 and they are needed now because of the role they play for change
[millionday] of said financial expert Ghazi al-Kanani said in an interview with the "long" that "it is not possible for the coin to succeed in the country, adding that they exist in the countries of the world, both economically developed countries or emerging economies."
He Kanani said that "the coin does not can be used in Iraq as long as there is inflation in prices, "he said, adding that" by the success of their use is to remove three zeros from the Iraqi dinar.
" the expert added that he "can the central bank issuing the coin for circulation in shopping or transportation and so on," stressing the importance of currency Mineral from where it does not consume as the currency paper. "
[millionday] note -- they are stating that of course the change of only using paper currency the budget of development will change for money --
[millionday] He revealed "pull the central bank of the coin (silver) after failing were sold through auctions and some of them have been preserved in some of the banks."
to the economist said Maytham and coffee for the (long) that "the coin of advantages over paper currency of where the lack of damage and long life, while lies flaws in the weight of the weight and the difficulty of its creation. "
[millionday] note -- the old coins that you see on CBI etc have been sold for weight etc -- so they had to remint to have what they needed for circulation
millionday] and pointed to the coffee that "the reason for the failure of the coin is due to the inability to use it only to buy a limited flea," pointing out that "inflation in the prices of goods extent of the use of this currency .
" and explained that "the central bank and the banking system have failed to succeed in currency trading metal in the country, by not imposing distributed with salaries and not handled by the private banks and the government."
and stressed that "the ways of the success of the coin in the country is the deletion of zeros from the Iraqi dinar" , noting that "this option has been ruled out until after the elections."
[millionday] so they are saying that even though they sold them and made money off of them -- the people sure did not see the proceeds from the revenue --
[amose02] Is that saying no RV till after elections???
[millionday] that is saying that the plan is after the elections for the removal of the three zero currency but -- that does not surprise me - they will not tell us when
[millionday] it could be or it could be tomorrow we just will not have a date for the market implications
[wmawhite] that statement is making reference to a previous article that stated the project to delete the zeros will be completed after the elections.
[jtank] Or is it just coinage!
[george1] Thanks watchman... I am attempting to follow the relevance of the coins other than the obvious...
[millionday] ok let me address george comment too -- the thing is that they are obviously at a point where they need new coins for change that is coming and that is very good news -- but i dont use the word – soooon brb with more -- thanks red
george1] Thank You MD for addressing the clarity.
[millionday] let me say this before we look at this one >> there are more forms of tender than just cash --- so your value includes -- cash -- checks -- bonds -- etc but this is also included that we will now read about -- ownership of trademarks is part of your value -- it is something that you own
[millionday] here we go >>> Baghdad announced that the U.S. Embassy in Baghdad, on Monday, to discuss investment opportunities ten companies based in the United States to work in Iraq,
stressing that the investment opportunities enhance bilateral economic relations within the strategic framework agreement between the two countries. embassy said in a statement received "tomorrow's Press,"
The "Acting U.S. Embassy in Baghdad, John Diroshr and head of the Iraqi National Investment Sami al-Araji, has launched a series of meetings two days in Baghdad and aims to develop opportunities franchise the use of trademarks (Franchise) in Iraq."
[millionday] note -- look at who >>>> the statement added that "the meetings offered ten franchise opportunities from companies based in the United States, including companies Fruits and Dr. Ji and Dental VCs and Radio Shack and Nestle Toll House Cafe and Curves and a Claremont and Ramada Inc.
Boardwalk burger and Kout Food Group (Pizza Hut), "explaining that" these opportunities come to communicate with Iraqi businessmen . "
According to the statement, said Acting U.S. Embassy in Baghdad, John Diroshr "live today thousands of Iraqis in the United States, also visited many of whom the United States or visiting friends or relatives there,"
[millionday] huge -- smile
[ROBINREDHED] PIZZA HUT IS EVERY WHERE "COMING SOON" OBESE IRAQI WOMEN
[millionday] smile -- i agree -- to a mall near you
[ROBINREDHED] SHE IS A LITTLE PERSON, THEY LOVE ANYTHING THAT MAY MAKE THEM TALLER
[millionday] curves is owned by a very good person -- small business owner at one time lol
[millionday] "this matter has made many Iraqis familiar and knowledge of products the U.S. and want to enjoy these products here in Iraq. " and pointed out that "the chances of franchising (Franchising) that will bring these products to consumers around the world, and that such meetings could begin the process of offering these products to Iraq,"
stressing that "the deepening of bilateral economic relations is one of the main pillars that centered upon the Strategic Framework Agreement between the United States and Iraq."
[Fishheads] ROBINREDHED why should the usa be exclusive. lol
[millionday] note -- we obviously see that we are moving forward and they are in the activation and working within the strategic framework agreement – also this shows something very important
[millionday] the reason they are choosing these businesses to start with is that the citizens have asked for them -- supply and demand -- meaning market economy
[millionday] He Diroshr that "meetings Franchise This contributed to the strengthening of U.S. ties - Iraqi economic, also provided investors with the Iraqis a chance to connect with U.S. companies brought with successful models of companies, expertise and leading technologies in the world, as well as innovative practices in the areas of administration and finance. "
[millionday] note -- this is saying that these private sector businesses and how they are run will serve the purpose of showing the citizens that want a business as well how it is done successfully --
[slh5282] Millionday, what is the incentive to invest in the country that has a failing currency value and assets out the roof but does nothing about changing their position? Pizza or no pizza
[millionday] the strategic framework agreement has a huge part of the advancement to the globe economically and trade wise so this shows us that they are in a place that will activate the monetary policy -- it has to be done for all of this we are looking at to occur
[george1] Thank You Robinredhead. Good Evening Millionday, I am new to this exchange and I think you each have great energy and faith. I have been in this investment for about 6 years and I get the daily newswires but I fail to see how we can directly use this information for creating a trust worthy timeline for the RV
[millionday] good evening and we are glad to hear from you -- let me address that -- i type slow so just a sec
Comments may be made at the end of Part 2 Thank You