[janiem] millionday - is there any way they can do all this and still use the dollar for their currency?
[Sager] millionday do they need this done prior to release of the new rate?
[millionday] janiem no they will use the dinar for their currency and it will be a reserve currency as well by what we have seen in reports
[janiem] millionday - thanks
[millionday] no this is what they plan on to go along to monitor and also basra convention will be middle of the month they are to be the economic hub of the country so many press releases from their we can expect
[millionday] yw all the time
Read More Link On Right
[john77] millionday do we need that big economic convention to rv?
[dinarmamma] Millionday Ty and as per last night, is it 1.13? Or the reality rate of 3 +
[millionday] not a lot of news tonight -- but that is certainly interesting imo
[wmawhite] janiem .......Article 8 of the IMF requires the use of the domestic currency.....IQD.
millionday] the 1.13 is what they are going to use to do studies etc within the country
[Sager] millionday thanks
[millionday] am i not explaining things well tonight ? or am i missing questions?
[dinarmamma] Millionday so not OUR rate?
millionday] they have it on the report on ministry of planning as the rate to be used for studies within the country on the bottom of the report
[millionday] not the reality rate
[DlD] No we are just so hopeful we are brain dead lol
millionday] me too!!
[dinarmamma] Millionday thank you
[millionday] im ready right now
[tbob] just wish the CBI would update the rate!
[millionday] and i dont think its funny that my news is blocked and that is about all the whining i have left lol
millionday] goodness i see that they have one thing left to tell you the truth
[millionday] that they have shared lets be clear and that is the amendment with the banking law
[Memphis] millionday What is your opinion of RV B4 END OF YEAR?
[tbob] Memphis hope so
[millionday] John we dont need the conference but it seems as if they are saying that parliament is coming back and they are having a huge international conference and its economic and also in a couple days they will have the budget ready and
millionday] so we have many things right now and many things that are showing that the electronic banking is set up -- with their great idea -- the money on the cards so we are close imo
[Memphis] millionday Was the opinion in there ?
[millionday] yes -- maybe
[DocTaylor] Is the money really on the cards?
[tbob] DocTaylor welfare
[Memphis] EBT cards
[millionday] yes as all reports say --
[Memphis] Pretty much
[DocTaylor] thank you Millionday
[tbob] 2013 aint over yet!!
[millionday] it is through a grant of usd put on cards 200 -- and then they get the cash off of the card so they are learning how to use the banks and its services
[millionday] we have had slow repeating news -- but we know the world bank and th3e imf are there and they are working on bank development and they are saying expediting
[millionday] very fast getting this done by all the reports we have seen in the last week
[millionday] they have said they are working very fast so we shall see how fast the development goes
Dovi] millionday millionday anyone know what the rate on the cards is?
[millionday] they are keeping the media slow but the use of it for security is great and will help a lot for the fear in investors and the citizens
[Dianne777] millionday is the wto still on for this month?
[millionday] the running rate now -- 1165
tbob] millionday is it normal for CBI site to not update rate by now?
[millionday] or 1166 which ever it is today or a couple days ago -- i would say they are going by the program rate 1166
[Sager] tbob it's been known to happen before
[millionday] i have seen nothing come back that the wto is not going to have the session on the 31st and im looking too
[tbob] Sager shoot!
[wilbur48] Iraq is going to the WTO meeting in Bali on the 3th thru the 6th I read it on the wto site of dec
[millionday] i have seen the rate not update many times
millionday] most people think it means this is it --- but we are used to it so it is not abnormal
[millionday] wilbur48 perfect
[millionday] thanks hun
[wilbur48] it may not mean anything to us who knows with iraq
[millionday] wilbur48 i am glad to see it has not changed yet
[Dianne777] millionday y?
[millionday] it would have come out imo if it wasnt a go but we shall see
[Dianne777] millionday ty
[wilbur48] I also read an article today where Iraq said they wanted to join the wto in 2013
[Memphis] millionday What would have to come out?
[millionday] because the world trade organization requires a tradable rate and internationally recognized currency for trade agreements
[millionday] they are now an observer -- they are to become an active member by what the date says -- accession
[Sager] millionday theoretically, this means the rate must appear before full accession
[tbob] millionday an of course they want a cool new rate to go along with accession!
[millionday] it is the schedule on the wto site
[Dovi] Sager is that firm that they have to have rate first?
[Memphis] millionday What was the date to be active member by?
[Memphis] millionday For wto
[millionday] dec 31 2013