Millionday Newstime 11/21/15 Part 2 of 3
WELCOME TO MILLIONDAY NEWSTIME AT DINARUPDATES.COM
Millionday: MUSIC TO OUR EARS >>>>> Second , although the economic model of the new Almarquintala (Commercial) reflects the strong state capitalism represented, but he has the strength of the partnership between the state and the market or create a cooperative state, especially in a country like Iraq where the state dominates the country's natural resources major,
currents new Almarquintalah, unlike doctrine Liberal consumer, confirms priority productive side in the economic process. Sound economy in their view, it requires the presence of a production structure intact based on high operating structure of the labor force and wages Kavih.
valtjarh according to doctrine Almarquintala is not Imports ready flow of globalized markets, but that the production of partnership flows into the globalized markets, the national product of Iraq, as it flows into the local market produce it
Millionday: NOTE -- THE ECONOMIC MODEL FOR THE NEW IRAQ REQUIRES -- A WORKING CLASS -- PRODUCTIVITY AND INDUSTRIES -- MADE IN IRAQ –
WE HAVE SEEN MANY MANY MANY TRADE AGREEMENTS THAT WILL OF COURSE ASSIST IN THAT EXPANSION WITH A GLOBAL MARKET
Millionday: HOLD ON TO YOUR HAT FOR THE NEXT SMALL PART OF THIS
Millionday: And economic experiments that its line of Japanese economic model Awalchora and even the Chinese have developed on the basis of modern Marquintalah State led the role of the participant and Lieutenant production .oppema embodied the industrial experience Asian state's role new Almarquintalah which capitalism's greatest production and the broader booming.
4 - conclusions that the Iraqi economy in the conditions of the rentier current and Sir reformist program, which was announced in August 2015 by the Iraqi government, is directed in line with the new economic role for the state, will facilitate the partnership and the integration of the state with the private productive activity .az that there are explicit and clear in
Millionday: NOTE -- THE REFORM ANNOUNCED AND COMPLETED WILL BRING PARTNERSHIP WITH THE STATE AND THE PRIVATE SECTOR
Millionday: NOTE -- HERE IS WHERE IT IS VERY OBVIOUS AND WHOOOPOW SO GLAD THAT IT IS FOUND IN THESE PLACES >>>>>>>>>>>>>>>
Millionday: READ EVRY WORD >>>>>>>>>>>clear in Article 15 of the draft federal budget law for 2016 as well as Article 16 of the same law of 2015 affirm the principle of the investment partnership between the public sector and the private sector, and according to the ideology of Aominahjah economic transcend curriculum liberal consumer prevailing which contributes to the political and economic geography of Iraq,
the dismantling of a specimen rent liberal and consequences of severe Alrahenh.oha return with renewed the concept of economic Almarquintalah (including in this case the concept of financial Almarquintalah actress lending market from the proceeds of oil revenues for the purposes of maximizing the role of productive private sector and diversification of the economy)
Millionday: THE NEW ECONOMIC REFORM IS IN THE 2015 AND THE 2016 BUDGET --- DIVERSITY AND ALSO THE LOANS --- BONDS AND OIL REVENUES
Millionday: NOTE -- ALL REFORM IS TO MAKE THEIR PRIVATE SECTOR MORE PRODUCTIVE AND SUCCESSFUL IN THE >>>>>>>>>>>>GLOBAL MARKET <<<<<
Millionday: and to promote the ideology of the creative activities of the market-Style Product of companies contributing to the mixed Aoualemsahmh (which operate on according to the principles of good administrative governance) and the creation of transition to a market system Social unified alternative to the system of rent-liberal (consumer) current.
Tex1: Oops swallowed ma chewin tabaccy...
Millionday: NOTE -- ALL OF THE MOVES THIS INGENIOUS PLAN HAS PRODUCED IS TO TRANSITION TO THE GLOBAL MARKET AND ENTER THE GLOBE AS A DEMOCRATIC EXAMPLE FOR THE REGION THEY WILL BE DOING MUCH OF THEIR BUSINESS IN -- HUGE
Millionday : TEX ALMOST IS GOOD IN THAT CASE LOL
Millionday : SO THAT IS ALL WE ARE GOING TO LOOK AT ( AND ITS ENOUGH LOL) OF THIS AGREEMENT -- SO KNOW THIS IS PRINTED TO BE IN THE MEDIA IN THE MORNING FOR ALL IRAQIS
Millionday: HAD TO SHOW YOU HOW MUCH IRAQ HAS COMPLETED ACCORDING TO FACTS
Risk: Is all the news you bring news that will hit the public media in 24 hours?
DiagyAAAE: so is this good?
Millionday: AS MUCH AS POSSIBLE SO WE HAVE AS UP TO DATE AS POSSIBLE
Millionday: RAN RIGHT BY GOOD AND RIGHT TOWARD HUGE WHOOPOWS DIAGY
katkat: Well, there was a lot of news. I couldn’t read it but thanks to your interpretation it helped make some sense. Democracy was used often.... and it looks like they are realizing that they need the growth in private sector beyond oil as their one commodity…
the words do not make sense often…lost in translation….Sounds like Saleh is all for completion and growth.. it almost sounds like they are evaluating their mistakes and two decades of no progress????
Millionday: YES THEY DO NEED DIVERSITY IN THE MARKET AND NOT ONLY FOR ITS ECONOMIC HEALTH BUT -- WHEN THEY BEGAN WORKSHOPS WITH THE WTO TO TRY TO GAIN ACTIVE MEMBERSHIP ==
IT WAS RELEASED IN THE REPORTS AS A REQUIREMENT TO GAIN ACTIVE AS OPPOSED TO OBSERVER STATUS IN THE WTO WHICH IS A HUGE GOLA OF THEIRS DUE TO THE MANY BENEFITS OBVIOUSLY
Katkat: sharing power from badgdad to provinces....is that needed in your opionion to gain value of currency
Millionday: HE IS EXPLAINING HOW THE MOVES THEY HAVE MADE WITH REFORM DEVELOPMENT HAVE BEEN BASED ON BRINGING THEM FROM THE POSITION THEY WERE IN FOR THE LAST TWO DECADES -- HE IS COMPARING BECAUSE THIS IS THE REFORMS THAT ABADI HAS MADE CLEAR WILL BE ACTIVE AS PROMISED
Millionday: THAT IS NEEDED IMO TO MAKE THE MOST OF ALL THEY HAVE OFFERED TO THEM IN THEIR COUNTRY AS FAR AS RESOURCES AND ALSO THEY HAVE MANY DIFFERENT CULTURES AND RELIGIONS
AND ALSO TRIBES ETC THAT WOULD BE MORE SUCCESSFUL IF THEY ARE LEAD BY WHO THEY VOTE IN AND WHAT THEY ARE USED TO IN THAT AREA OF IRAQ
Millionday: LET ME SAY THIS
Millionday: IF WE HAD TO GO TO WASHINGTON OR CONTACT THEM FOR EVERYTHING WE NEEDED TO COMPLETE STATE OR FEDERAL COMPLIANCE ISSUES -- IT WOULD BE REDICULAS AND WE WOULD FEEL IGNORED AND LESS OF A PEOPLES IN SOME AREAS –
PEOPLE NEED TO BE ABLE TO HAVE ACCESS TO DEPARTMENTS THAT CAN GIVE ANSWERS AND CAN HELP THEM IN THE AREA THEY LIVE -- ANYTHING ELSE IS SILLY IMO
Millionday: THAT LAST REPORT WAS Social and market reforms AND HOW ALL REFORMS IMPACT THE OTHER AND OF COURSE THE HUGE PREPERATION THAT HAS TAKEN PLACE FOR THEM AND SALEH DISCUSSING THE CHANGES AND BENEFITS OF THOSE REFORMS
Millionday: I FOUND THE REPORT I WAS LOOKING FOR BRB WITH IT -- THIS IS A WHOOOPOW
Millionday: THIS IS MAJOR NEWS Millionday: HUGE Millionday: HAT WORTHY Millionday: LOL
Millionday: LOOK FOR THE WORD LAUNCHED
Millionday: Governor of the Central Bank of Iraq, on the Keywords, the "other" of non-professionals, has launched remarks on monetary policy and the work of the Central Bank of Iraq, noting that the majority of these statements marked "fallacies and pessimism and confusion, either because of the absence of an accurate understanding or intent It is the objective that stems from different motives linked to the political reality, and harassment and interests.
Millionday: NOTE -- SOUNDS LIKE AN ATTACK OF THE COMPLETED MONETARY POLICY -- THIS IS GOV OF CBI TALKING
Millionday: INDEPENDENT MEDIA SOURCE
_firefly_ : BINGO !!!
Millionday: NOTE -- DURING THIS ARGUMENT IN INK -- WE GAIN A LITTLE INFO Millionday: BINGO
Millionday: Keywords and he said that the central bank's policy-established is the distance away from the controversies and reactions to the statements, but he also noting that the size of the inaccuracies and confusion reached an "detrimental to public stability and the stability of the market
and damaging the reputation of Iraq externally and the consequent serious implications for Iraq transactions of financial and Monetary and Banking ", which claim to clarify some things.
Millionday: NOTE -- THE POLICY THAT IS ESTABLISHED IS NOT THE BAD POLICY THEY STATE IT IS --- WHOOPOW
_firefly_ : Ewwwwww .......... damaging the reputation of Iraq externally and the consequent serious implications for Iraq transactions of financial and Monetary and Banking ",
Millionday: NOTE -- THEY ARE SO VERY WRONG IN THEIR STATEMENTS THAT HE IS TELLING THEM THAT LACK OF CONFIDENCE IMPACTS THE MARKET ETC AND THE INFORMATION/ STATEMENTS ARE NOT TRUE
_firefly_: K getting back off the floor
Millionday: NOTE -- IF THE REPUTATION IS IMPORTANT EXTERNALLY RIGHT NOW THAT IT NEEDS A FORMAL STATEMENT FROM GOVERNOR OF CBI -- IT IS AT A POINT THAT IMPACTING IT HAS A RESULT -- IMO MEANING IT IS THAT CLOSE IMO Millionday: LOL
Millionday: NOTE -- THEY HAVE A COMMITTEE FORMED AND WORKING THAT’S PURPOSE IS TO WATCH POLICY ETC TO MAKE SURE NO PROBLEMS ARISE
Millionday: YES -- THIS WAS WAITED ON --
Millionday: He said that "the Central Bank is working on the application of parallel policy to maintain the overall stability of prices and curb inflation as a mission president of the basis of the target under the law of this bank, and at the same time working to maintain reserves prevailing dinar and high coverage in spite of the prevailing and known to everybody economic conditions, He thus kept whole and preserves the purchasing power of the Iraqi dinar. "
Millionday: NOTE -- HE IS SAYING THAT THE RESERVES ARE NOT ALL UNDER ONE ROOF --- AND THE OTHER POLICY IS TO MAINTAIN THE DINAR VALUE AND THE ECONOMY WHEN ALL DINARS ARE BACK IN IRAQ AND RESERVES IN THEIR TOTAL
Millionday: THE PURCHASING POWER ALWAYS MAKES ME SMILE WHEN I READ IT
Millionday: READ EVERY WORD >>>>>>>"The waste of concerns about the value of the dinar and international reserves refer to" that with the decline of dollar resources, due to lower oil prices, the reserves are still enough level, but much higher and according to international criteria, namely: the standard of the local currency to cover its equivalent in foreign currency, and the ability of the reserve to cover imports for a period of 6 months.
""The International Monetary Fund forecast at the beginning of 2015 and the arrival of the reserve to $ 40 billion at the end of the year, we have explained at the time that the reserve will be up to $ 60 billion at the end of that year and months after the beginning of the year Justice Fund I expected."
Millionday: NOTE -- THE AMOUNT OF RESERVES ARE MORE THAN INTERNATIONAL COPMPLIANCE REQUIRES -- THEY MUST COVER IMPORTS FOR 6 MONTHS SO AS NOT TO DISRUPT THE TRADE AND MARKET
Millionday : NOTE -- THEY HAVE 150% OF WHAT IS REQUIRED TO COVER THE PURCHASING POWER TO BE APPLIED TO THE DINAR IN THIS POLICY
Text: Yes yes yes yes sounds goooog and sooooooon lol
Millionday: NOTE -- CBI WAS REQUIRED IF I REMEMBER THE REPORT CORRECTLY SMILE --- TO SHOW THEY CAN KEEP THE EXCHANGE RATE STABLE FOR 9 MONTHS
Millionday: As between the difference between our purchases of the dollar (from the Ministry of Finance) and sales of the dollar for the period from 01/01/2015 up to 09/30/2015, it amounted to about $ 600 million a month, and the central bank to cover this difference to balance the balance of payments and to maintain the exchange rate and thus the general price level, and it is clear that even with the continued decline in oil prices and hence lower revenues from the dollar, the reserve can hold enough coverage and adequate presence of about $ 60 billion of reserves.
Millionday: NOTE - THEY WERE SUCCESSFUL AND ACTUALLY DID BETTER THAN REQUIRED
Millionday: He stressed that what is happening from the low and high in reserves is frequent occurrence in countries that rely on exports of oil, has happened in the year of 2009, when oil prices fell, then stood at the bank sales rate of the dollar to its purchases of dollar 148% and then returned to accumulate new reserves after prices returned to their rates higher.
He explained that of the common mistakes connect low or high reserve of the Central Bank, as this reserve is governed by the nature of the composition and the nature of the use of outside control or the central bank control and is represented in the set of the dollar is doomed to exports of crude oil: the quantity and price, and other sources virtually non-existent ( remittances from abroad, whether from living abroad or foreign investment, or non-oil exports).
Millionday: NOTE -- THIS MEANS THAT IRAQIS ELSEWHERE ARE MAKING THEM WORK HARD WITH THE RATE IN PLACE NOW WHEN EXCHANGED ABROAD FOR US DOLLAR WHILE TRAVELING ETC ---
Millionday: DONT MISS A WORD >>>>>>>>>>>>>>>>>>>"The state budget expenses represent the main source of aggregate demand for goods and services, which are mostly imported, due to the absence of local production base."
The "migration of funds from Iraq is a clear phenomenon because of the situation of the country."He also noted the continuing shortfall in the state budget and covered loans, bonds, drafts and "this means an increase in money supply which is not offset by revenue dollarised,
this creates additional demand for goods and services imported more than it received by the Central Bank of the dollar, which exchanged usually the Ministry of Finance in Iraqi dinars through Bank ".
Millionday: NOTE -- MOVING TO A MARKET ECONOMY WILL TAKE CARE OF THIS PROBLEM BECAUSE A FREE MARKET ECONOMY IS DEFINED AS -- SUPPLY AND DEMAND -- AMD ITS ACTUAL NOT SITUATIONAL
Millionday: Keywords and concluded that "the factors governing the formation of the reserve control is outside the central bank's control, and that the reserves under what passed consists of the difference between the dollar sales through the bank window and purchases of Bank of the dollar from the Ministry of Finance if sales were less than received by the Reserve rises and if sales Reserve fall further.
"And raise the question on the possibility of central bank control the amount of sales through the restrictions put on the sale and conversion processes, Keywords said that restrict the sale of dollar operations and lead to the results of several phenomena are:
Millionday: NOTE -- LOSS OF DEMAND AND SUPPLY BY CBI CAN BE MINIMIZED BY SETTING NEW REGULATIONS FOR >>>>>CONVERSION!!!!!!! AND SALE PROCESSES
Comments may be made at the end of Part 3 Thank You