Welcome to dinarupdates.com to news time with Millionday! Fri Night
Post By Rudie Part 1
millionday] here we go - lets look at this report from another source
[millionday] Parliamentary Economic Committee low gold prices in the Iraqi market and the high value of the Iraqi dinar against the dollar and world currencies after the resort's central bank to buy tons of gold bullion pure With praised the move, said it will boost the national economy and raise confidence in dinars.
Said the decision of the parliamentary Economic Committee Mahma Khalil In a press statement for (Zora) yesterday:
[millionday] The price of gold in Iraq will fall for several reasons, most notably the resort's central bank to buy gold bullion from international origins, pointing out that "this action is commendable, he will enhance the value of the national currency and central bank policy and to preserve the value of the in front of the dinar currency and precious metals, which means lower prices for gold in the future.
[millionday] note -- the purchase of the gold will lower the prices and also allow a higher rate of the value of the dinar
[millionday] Khalil and demanded the central bank to "buy more and more gold bullion to stabilize the dinar," and considered it "a step will provide a solid ground for the national economy and a solid currency respected internationally."
[millionday] note -- for the currency to be respected internationally -- it has to be an international currency at a reality rate of course -- respected on the market and stable
[millionday] He explained that the purchase of more than thirty tons of gold indicate the presence of cover financial discreet and diverse balance of the sovereign Iraqi, indicating that the precious metals lead to greater respect for the reputation of the Iraqi dinar globally, and higher reserves Iraq of gold will drop prices in the local market, and thus increase the value of the dinar.
[millionday] note --- after the purchase of the 36 tons -- they have purchased another 90 tons for those of you that have not seen that --- smile
[millionday] He pointed out that the sovereign balance a lot of promising areas of investment, including real estate, precious metals and a basket of currencies, it exceeded the threshold of 76 billion dollars.
[millionday] as we know the reserves also include all CBI has to offer throughout the banks reserves
[millionday] and whooopow too lol
[millionday] so as we see -- CBI is working to create a stable dinar rate internationally - this is what we want and should be expecting with a hard backed currency
[Richard Incrocci] When are they planning on purchasing the additional 90 tons of Gold?
[steamcleaner] millionday is it known how they paid for that gold? TY
[millionday] they have purchased it by my understanding a couple days ago
[quicktolegit96] are ppl buying it from iraq now?
[millionday] no Iraq purchased it for reserves and also there is a report out that they will be also entering the gold market -- two separate issues they used USD by what i see
[quicktolegit96] what is their inflation at presently? was the gold there to help sell and bring it down?
[millionday] the gold is being used as a reserve to hard back the printed currency -- it is a hard backed currency --- their inflation rate has shown different rates through different reports -- i see it as single digits but saw a report that they are headed for 20% at the rate they are going -- i have not seen that rate
Richard Incrocci] Define and explain the 20% rate they're headed towards please
[Richard Incrocci] And how it/could play into the RR we're waiting for
[millionday] the imf had a report out about their economy and referenced that amount
[dovi] Do we know who they have purchased their gold from? Is there any chance its Russia? And concerning the 20% rate, what does that mean?
[millionday] they have bought it from different sources by the reports i have seen
[mimi3] Do you think this will happen this month/ April 2014 ? your opinion?
millionday] the inflation will be addressed by the pricing in the country -- they are expected to get a raise in cost of living and also what the value comes out at will address it per the monetary policy
[millionday] i dont have a date or rate smile
awesomedtl] What about salaries that are suppose be paid out on Sunday?
[millionday] i have some more news maybe we can see something on salaries
[millionday] A day after the failure of the Iraqi Council of Representatives in the inclusion of the draft general budget of the country on the agenda of the Council, declared the leader of the "coalition of the rule of law," MP Ali Alfalh that the coalition would be imposed in the budget session, scheduled for next Sunday.
He told "Radio Sawa" "We no longer trust any promises given. Budget will achieve a quorum at a meeting Sunday and this option is now state law."
[quicktolegit96] and then it gets postponed...
[millionday] i have to find about the salaries
[millionday] here we go - Azerbaijani parliament voted on Friday, the agreement between the governments of Iraq and Azerbaijan to repeal "visa system" between them for holders of diplomatic and special passports and service passports.
The Chairman of the Foreign Relations Committee in Parliament Azeri withstood Sedov in remarks quoted by Azar News Azeri and seen by the (long-Presse),
"The Parliament votes in its meeting held today, the agreement to cancel the visa regime between Iraq and Azerbaijan, for holders of diplomatic and special passports and service passports. "
[millionday] Sedov pointed to "the importance of the ratification of this agreement," noting that "the Convention on was signed in Baghdad in February 2014, when the Azerbaijani Foreign Minister Elmar Mammadyarov visit to Iraq."
Iraq had recognized the independence of Azerbaijan in January 2 1992, and established diplomatic relations between the two countries on March 30 1992 where the same year saw the opening of the Iraqi embassy in Azerbaijan.
The due date of commencement of cooperation between Azerbaijan and Iraq to 40 years ago, while Iraq was one of the first countries that open an embassy in the country.
[millionday] The manager of the Department of Foreign Economic Relations and Trade Ministry Hashim Mohammed Hatem, on Friday, holding meetings thirteenth session of the Commission on Iraq - Romanian joint in the Romanian capital Bucharest for the period from 24 to 25 from last March.
[millionday] This came during chaired by Industry Minister Ahmad Karbouli Iraqi delegation at these meetings, which included representatives from the (Ministry of Commerce, Industry and Minerals, Construction and Housing, Transport, Foreign Affairs and a representative of the General Secretariat of the Council of Ministers, while the side was headed by the Romanian Minister of Economy Konstinta Nita.
[millionday] see in the last few months we have seen multiple conventions with many countries signed ---so the reports of their return and multiple economic meetings on trade and economic advancements are expected and show us they are moving forward as expected
[millionday] brb with more
[millionday] The government submitted a complaint to the Federal Court against the parliament chairmanship over not including the Budget law within the parliament sessions.
The head of the State of Law Bloc, Khalid al-Atea, stated in a press conference "We submitted seven requests signed by 50 MPs to the parliament chairmanship for including the Budget law in the parliament sessions due to its importance for Iraq, but the parliament chairmanship did not include it within Thursday session."
"The Council of Ministers submitted a complaint to the Federal Court over this issue and to settle it," he concluded
MGM] Am i reading it right in the first section it sounds like budget WILL be passed on Sun?
[millionday] they have definitely stated in multiple reports to the kurds and federal that it will be passed
[jtank] they say its law now but that never seems to bother them--running out of time
[millionday] me too!!
[dinar dave] I guess that means HCl will be sign off
[millionday] brb with more
[MGM] millionday Just sounds like no matter what it will pass. Its the law!
[millionday] the hcl is reported to us as complete and not activated -- the reason it would not be activated is because the raise in value and entry to global market will fund the law -- hydrocarbon , oil, refined oil, fuel, addtives, etc etc
[millionday] the distribution
dinar dave] True... The kurds want HCL and Maliki want the RV.... Bit of a stale mate
[Pablo] So, does this force an end to the stale mate?
[jtank] Thx for the HCL explanation--makes sense now
[millionday] the kurds want the oil distribution for their part held as they want --- o-it appears that they have agreed to pay march as well as jan and feb and have also agreed to run through sumo to the dfi and this to be addressed later for changes and resolve
[millionday] progress is being made and they are stating that a quorum will be met at sunday session very nice -- brb with more
[chattels]WHERE IS THE INK / LINK THAT THE HCL IS DONE. COMPLETE, BUT NOT ACTIVATED ?
[millionday] chattels it is in chats that we have done on news
[millionday] oh and also let me address that as well a little more -- i know most of you remember when it was complete and we celebrated the completion and we discussed when we thought it would be activated --- but it was a few months ago for those that were not here -- and was with the amnesty as well as being done and on shelf to be activated when gov decided
[millionday] very good news at that time and now as well -- since we need it and dont want to go through the timeline it takes to complete smile brb with more
[millionday] Jalal Talabani, 81, took over as President of the Republic of Iraq in 2005 after an interim government take over the affairs of the country during the American forces entered the country. Although he did not spend only nine years in his current position, he holds the post of the presidency of the Patriotic Union of Kurdistan (PUK).
Talabani, a contemporary of the monarchy in Iraq, which ended in a coup in 1958, and the Republic of Iraq, which was established after the coup, has fought the elements of his party's Kurdish conflict - with Kurdish and other Iraqi army and Saddam Hussein's regime.
[millionday] Talabani taken from a medical center in Berlin-based after suffering a stroke at the end of 2012, forcing him to leave the country for treatment in Germany.
He returned to the country several times since then, but never set foot presidential residence in the capital, Baghdad, but he was going to Sulaymaniyah in Kurdistan, where the headquarters of his party, and then back to Germany.
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