Millionday Roundtable 7/31/13
[millionday] i saw yesterday that they have notified of the activation of all international agreements --- i would love to see that the cards are all being distributed quickly - now that would make me smile we have both mastercard and visa there
[ANYdaynow] This time it feels different
[millionday] we do have a four day holiday coming up there and the thing about ramadan is that they give gifts so maybe we are looking at timing here because i see nothing we are waiting on to be done but the economic and monetary activation but lets see
[millionday] ANYdaynow i agree - there is some sense to the timeline now though --- it sure does feel better with all that we have seen done in the last few days
Read More Link On Right
[millionday] they have announced yesterday that they have activated all foreign contracts and agreements and the banks are back with hope it is time so it feels good that is for sure
[millionday] now late last night i was doing some research- not sure if i was supposed to be that deep in the site i was in but no suits have knocked but let me tell you one thing i did find
[millionday] the list of central banks and all financial institutions have links that lead you to every entity and every bank and there is one for iraq as well but it is the only one that leads you no where - it is not the local site address that we can see - it is a total different global site and link
[Dancing Queen] millionday What do you make of that?
[millionday] Dancing Queen i believe that it is the link that will lead to the global information that will be needed because as i have noticed before
[millionday] the site they have up is not close to other country central bank and financial institution`s sites as far as information and capabilities
[Dancing Queen] millionday So you found the "missing link"?
[millionday] there should be much more advanced technology and it looks like something any of us could build or to make the point -- it looks like something from the 90s make sense ?
[Dancing Queen] Yep. So they will activate that site when the time is right? It is built but not visible?
[millionday] i expect the site to be activated when it is time for the capabilities to be activated which imo is not a long time at all as we have noticed by the reports - i would expect to see a much more capable and advanced site then what we see there
[millionday] if you look at kuwait central bank site -- it is totally different and has more information that you would expect to see on a federal site - i dont know if you all agree with me but it seems as if the cbi site we see now is stuck in time
[momface] I feel stuck in time haha
[millionday] i used to but i have to say there are a lot of things done at this time that lead us to believe they are actually joining the world
[millionday] for one the imf has put their stamp of approval on the currency market that we will see on their isx when it is global and it is one of the highest gaining additions - let me check some things and brb
[momface] Million I know u said iyo they couldn't wait until the end of July....well do u think they will now wait to the end of the year? Some reports state that they want to do this at the new fiscal year...your thoughts?
[millionday] where did you hear that hun? - i said they couldnt wait until the end of july ?
[momface] Yes...its just an opinion ..but I thought the same We are just reading what they are writing
[millionday] i dont remember saying that but anyone that tells you they know when it is -- they are not being truthful with you because part of this plan is keeping the time and date in secret as we have seen
[millionday] brb with more news let me see what i can find -- i want to find something on these mastercards
[momface] Million.. how is Iraq not making the dinar trade able internationally a whole month after ch7 has been lifted?
[millionday] they are creating regulations they need for banking and success
[millionday] Finance Committee member MP//Secretary Hadi, the Ministry of finance to coordinate with the Central Bank to open Windows to sell hard currency to all branches of State banks across the country to prevent monopoly sale of certain banks.
He said Hadi (News Agency): some private banks are trying to monopolize the sale of foreign currency for the interest of what had led to an increase in the dollar exchange rate for the dinar, as a result of an imbalance in the balance of supply and demand for the dollar in the domestic market.
[millionday] He added: the Ministry of finance required to develop a plan to open special Windows to sell hard currency to all branches of the Rafidain Bank in the country both in Zakho or FAO to bring the dollar to eligible merchants and businessmen or travelers and others, to support the stability of the dinar exchange rate, noting that the State need most dealings dinar to the dollar
[millionday] The economic Ministerial Group held its first meeting Tuesday, chaired by Dr. Hazem El-Beblawi, Chairman of the Council of Ministers, and the presence of the Governor of the Central Bank, Deputy Prime Minister for economic development, Minister of international cooperation, the Ministers of finance, trade and industry walastthmarwaltkhtit, housing, agriculture, tourism and catering.
It was agreed that future efforts are concentrated on three axes, the first in the revitalization of the economy wetdoiraglh ' production, and the trembling hands culture resistance in government service, and enable the State administration of work efficiently, besides opening the connection with entrepreneurs and workshop factories and tortuous, and enclosed, scripts or operating below capacity in order to help them return to normal activity and expansion, according to informed sources
[millionday] The second axis, the sources said, the "actions and decisions and projects, which lead to begin the required improvement in the lives of citizens by providing new employment opportunities and improve the services and the provision of goods and raw materials.
The third theme, "preparation of a comprehensive plan to modernize and rehabilitate the infrastructure of the country, and a National Conference called by Arab and international organizations, to finance the national plan increasing the efficiency of production, distribution, and improves the performance of the services available to citizens and reduce the cost of doing business
[millionday] this is within this week they are talking about and these meetings started yesterday for economic activation - schmidtberger they make mattresses
[millionday] Said Ziad Bahaa Eddin, Deputy Prime Minister for economic development, the economic community come to entrust the Ministers concerned to restrict leadership positions vacant at the top of the economic institutions and bodies for the recruitment of experienced and efficient,
resulting in the revitalization of the work of administrative bodies and economic performance, and the results will appear next week.
«Baha Eddin stressed» it will next week announce the details and procedures for the application of this first package of decisions, which aims to ease the burden on citizens in the short term, pending the development and implementation of programmes to address the structural problems in production and distribution
[schmidtberger] millionday really?????
[millionday] schmidtberger lol its all i had lol
[millionday] The Ministerial economic group decided to rapidly develop consumer complexes of the public business sector to improve performance and increase the quantities of commodities shown in helps to reduce inflation and food supplies,
with a specified time limit will be apartments available at the Housing Ministry to put in accordance with the rules and with full transparency.
It was also decided to operationalize the programme of work of the Social Fund in infrastructure and is the national programme, including to provide 250,000 new jobs over the next three years, will announce the opportunities offered through the site for credibility
[millionday] so they are saying next week however that could be this week and could be today or next week as far as that goes but they are meeting with the gov of cbi starting yesterday to activate the economic needs for the country to get out of the mud they are stuck in ---
[millionday] obviously this is a very good news report - this is even a whoooop whoooop one smile
[hstrymknwmn] sure would like next to be this week
[DT N AZ] ok are we whooooop whooooop yet?
[millionday] i believe it is by the translator i used and the source --
[rollonjohn] WhooooooooooopWhoooooooooooooooop!!!!!!!!!!!!!!!!! !!!!!!
[millionday] i would lean toward it meaning this week smile
[momface] Big smile. Come on Iraq....u told you're citizens this would be the most prosperous Ramadan ever. Time to deliver on that promise!
[millionday] brb with more - this is the formed economic group
[millionday] first meeting Tuesday, chaired by Dr. Hazem El-Beblawi, Chairman of the Council of Ministers, and the presence of the Governor of the Central Bank, Deputy Prime Minister for economic development, Minister of international cooperation, the Ministers of finance, trade and industry walastthmarwaltkhtit, housing, agriculture, tourism and catering. brb with more
[millionday] Abd al-Hussein Abtan, of the Citizen Coalition and the member of the Economic Parliamentary Committee revealed the existence of merchants associated to governmental officials controlling the markets in Iraq.
Abtan stated to AIN ''The Parliamentary Economic Committee have always assured that the development in Iraq can only be achived with the private sector, though there are a control on the general trade in Iraq, yet it is not by the private sector influence.''
''There are some merchants imposing their control on markets by exploiting their relation with governmental officials,'' he added.
[millionday] trying to find what happened with mastercards but bringing anything i can find that we care about -- this is from a member of ours -- great member i should say - this is good
[millionday] Foreign exchange traders are gearing up for an unusually tight schedule of market-moving events in the next few days that may provide a welcome jolt to the currency market.
The dollar’s big rally seen earlier this year has stalled, and the greenback has traded in a relatively narrow band against the yen and other currencies since early July.
But traders say the quick succession of central bank meetings and key economic data releases on the docket this week may lead to abrupt moves in the dollar, euro and yen.
“It’s monster stuff” coming out in the next few days, said John Netto, president of M3 Capital, a proprietary trading firm based in New York, who is betting the dollar will fall this week
[millionday] Monetary policy meetings decisions are scheduled from the Federal Reserve on Wednesday and the Bank of England and European Central Bank on Thursday.
Those announcements alone would typically be enough to put currency traders on guard, but they’re also reacting to Wednesday morning’s report on the pace of second-quarter economic growth and will need to digest a widely watched snapshot of the U.S. labor market on Friday, among other data releases.
“There’s a lot of new information coming into the market, from policy decisions...to macroeconomic figures,” said Helie d’Hautefort, chief investment officer at Geneva-based Optim Invest, which advises clients on $2.7 billion worth of investments and recently launched a fund that trades currencies. “We can have some very important moves.”
[millionday] look at this >>>>>>>>>>> With such a large binary risk that major currencies such as the euro or dollar could move sharply higher or lower, Mr. d’Hautefort said he prefers not to bet either way.
Instead, he’s invested this week in hedging instruments--currency options to be specific--that will pay off if market volatility surges in the coming days. For certain types of investors that specialize is quick, tactical trading, the next few days present a rare opportunity [millionday] wow oh Lord we pray
[Dancing Queen] millionday What else could this mean???
[baggr42] Now that I understand and it deserves a BIG WHOOOOOOO HOOOOOOO
[millionday] i have no idea -- there is nothing else that could jolt the market in my opinion -- unless i am blind and havent been reading much lol
[Domino] millionday Where are those articles from? Sound domestic.
[bluedog2] millionday ya right! lol
[DT N AZ] millionday how old do you think that one is???
[Dancing Queen] Whooop Whoop
[sisterbreen] thats from today
[DT N AZ] Nice!!
[Dancing Queen] Bring on the "rare opportunity"!
[DT N AZ] thank you, very nice!!
[bluedog2] One of the investors I got involved with on the Dinar is with Bridgeway Financial. They are gearing up now. There is a meeting tonight here regarding this investment.
[millionday] right bring it on and i dont mind being confused -- bring on the once in a lifetime event -- im ready -- bluedog2 can i come smile
[bluedog2] millionday huge amen on that! millionday sure come on
[millionday] big thank you to our member -- very exciting bluedog2 smile
[DT N AZ] bluedog2 WOW!!!
[dinarmamma] Yeah!!! And hello lol
[bluedog2] My personal banker at Northern Trust has been pestering me this week as well... LOL I wonder what they know that they aren't telling... I'm sure ready for it.
[schmidtberger] bluedog2 ...are you attending the meeting?
[bluedog2] I'm not enrolled with Bridgeway, but will try to bring you all a report - I was informed just now...Bridgeway customer reading over my shoulder...Bridgeway expects this today or tomorrow.
[sunnyca] millionday millionday millionday Wow amazing news!!!!
[bluedog2] I hate sharing that, but...we'll see.
[millionday] i just got off a call - i can say that we are in waiting mode so keep your chin up and your smile on
[millionday] let me find us some more news i also believe that they are activating the banking new regulations so let me try to find ink on that and a couple other things i have been lead to believe
[millionday] he has such a strange accent that he is hard to understand smile
[Dancing Queen] millionday Hopefully, whoever called you knows what's going on...
[brett123] millionday in waiting mode does that mean it could be happening as we speak
[millionday] At Netflix /quotes/zigman/87598/quotes/nls/nflx NFLX +1.08% headquarters, people were cheering. At the big cable companies /quotes/zigman/89307/quotes/nls/cmcsa CMCSA +5.85% , /quotes/zigman/528906/quotes/nls/twx TWX +1.10% /quotes/zigman/262341/quotes/nls/vz VZ -1.23% /quotes/zigman/398198/quotes/nls/t T +0.21% , they were shaking in their boots. At Amazon /quotes/zigman/63011/quotes/nls/amzn AMZN +0.34% , one executive might have been trying to explain what went wrong. At Google /quotes/zigman/93888/quotes/nls/goog GOOG +0.23% , they were just quietly smiling.
It was all about a thumb-size, $35 gadget called Google Chromecast that came out last week with little fanfare, almost as an afterthought to the announcement of a new version of its Nexus 7 tablet. It’s sold out already, with more stock due in three or four weeks.
[millionday] AFP/Getty Images Enlarge Image The new Google Chromecast could revolutionize the way we watch TV. Google Chromecast is a USB device or “dongle” that plugs directly into any HDTV so that you can wirelessly play video and music from the Internet on a big screen.
It doesn’t use a remote, doesn’t have a set-top box, and has no interface to speak of.
It’s supposed to be close to plug-and-play. You download an app in order to connect it to your Wi-Fi service. And then you click on a button to watch a video or play music on your TV.
You can use any device — that is, any smartphone that uses Google’s Android software, or any tablet or PC, with the Google Chrome browser.
[millionday] just putting in some other info for one of our members that does use this
[millionday] Showed the General Secretariat of the Council of Ministers, said the council decided to approve the add fee amount (15%) (20%) on imported materials.
According to the Department of Cabinet Affairs in the General Secretariat of the Council of Ministers told (Economic News) The Council decided minutes usual thirty-first session held on 07.23.2013 levy additional amount (15%) of the price of Suit men per imported to Iraq for a period of four years, and This drawing Alkmarki forces on the import of all of Iraq's Suit men and all nations.
She circuit that it was also approved levy additional imports of material (starch) by (20%) of the value per ton for five years reduced annually by (4%), and imposes a fee on the import of Iraq of a substance (starch) of corporate citizenship countries (Syria, Turkey, Saudi Arabia).
[millionday] He pointed out that the decision to ensure that the Ministry of Finance / General Authority for Customs implementation of the decision to add fees from the date of issuance.
The decision was based on what was introduced proposals of the Ministry of Industry and Minerals / Department of industrial development and regulation to the Council in order to protect the national product.
[millionday] proof customs is ready brb with more
[millionday] Announced that the General Secretariat of the Council of Ministers, said the council decided to issue the license signed by Foreign Minister of the draft agreement for the establishment of the Ministerial Council of trade between the Government of the Republic of Iraq and the Government of the United Kingdom of Great Britain and Northern Ireland.
Stated that the Office of Government Information and Communication Agency (Economic News), quoting the Department of Cabinet Affairs Office has said that the Cabinet had decided that the Ministry of Foreign Affairs to prepare the necessary document on behalf of the Government of the Republic of Iraq to the Minister of Foreign Affairs and in accordance with the approved contexts
[millionday] The Ministerial Council trading co will be through cooperation in trade and technical issues and professional through the facilitation of visits between businessmen and their representatives to promote bilateral trade and investment and support for exhibitions, conferences and facilitate the exchange of information Board meets annually to review trade relations between the two sides and enhance communication with the private sector .
The establishment of this council in pursuit of the two countries to strengthen bilateral ties and the bonds of friendship between them and a desire to develop strategic relationships through vocational and technical cooperation on the basis of mutual benefit and mutual benefits
[millionday] we are all done -- glad to see you all -- see you tonight at 730 est smile