Millionday Roundtable 7/8/15 Part 1 of 2
Welcome to dinarupdates.com for Roundtable with Millionday!!
Millionday: WELCOME TO ROUND TABLE EVERYONE
Millionday: GOOD TO SEE ALL OF YOU
Millionday: WE HAVE SOME BIG NEWS TO LOOK AT TODAY
Millionday: Trading was halted on the New York Stock Exchange in the late morning because of a technical issue.
The halt occurred at about 10:30 a.m. this morning.
The exchange said in a statement that it was experiencing a "technical issue" that it was working to resolve as quickly as possible.
Before trading was halted, U.S. indexes were lower as investors worried about China's ability to stem a stock market slide.
Millionday: NOTE -- TECHNICAL ISSUES -- NY STOCK EXCHANGE DOWN
Millionday: The Dow Jones industrial average was down 215 points, or 1.2 percent, to 17,561.
The Standard & Poor's 500 gave up 24 points, or 1.2 percent, to 2,057. The Nasdaq was down 73 points, or 1.5 percent, to 4,924.
European markets were broadly higher as talks continue on Greece's debt woes.
Millionday: SO IT SEEMS THAT GREECE DOES NOT WANT TO PAY THEIR DEBTS ---AND WHILE WATCHING CLOSELY -- TECHNICAL ISSUES DEVELOPED -- HMMM
tman23: China was down 1,456 last night....... they have lost 3,000 in 2 days........ As we have said...... June was the end of the road......we are seeing the effects..... Most only attribute Iraq to Iraq.....
but there is a currency war of mass extremes going on ...and they are not telling us the full story.......But all the signs are coming to the front
Millionday: THE NEWS SURE HAS BEEN VERY GOOD AND TRANSPARENT LATELY -- GOOD POINT TMAN
Millionday: Suggested the economic and investment commission in Parliament on Wednesday, the recovery of the dinar exchange rate against the dollar after the judiciary to overturn the terms of the public finances of the country's budget, including the decision to cap the sale of foreign currency.
Millionday: NOTE -- PARLIAMENT CALLING FOR A RECOVERY EXCHANGE RATE
Millionday: The drafters member Abdul-Salam al-Maliki said in a statement responded to Twilight News, that "set aside the Federal Court for a number of the general budget items added by the House of Representatives especially those related to determining roof sell the currency from the central bank is the right step and will contribute to the local currency support against the dollar."
Millionday: NOTE -- THE CAP ON CURRENCY SALES HAS BEEN RETURNED TO THE CONTROL OF CBI ACCORDING TO REPORTS
Millionday: He added that "the discretion of the parliamentary finance committee to add some material on the budget was a step which, according to certain estimates to stop the depletion of hard currency and to stop money laundering but were not successful step was deterring than positive."
He continued by saying that al-Maliki, "the central bank need to provide liquidity of the local currency to the Ministry of Finance to provide the salaries of employees and retirees as well as the existence of a deliberate policy to keep the market price."
Millionday: NOTE -- THE CALL IS BEING MADE TO OPEN BUDGET AS WELL --SALARIES ETC
Millionday: RETIREMENT BENEFITS ARE REPORTED TO BE LOADED ON SMART CARDS
Millionday: He pointed out that "any actions or judgments for whatever reasons in the conduct of the central bank measures if objectively not been studied in all respects from the concerned authorities Vsaneks negatively on the economic and financial reality in the country which is what happened in the high exchange $ 100 price to more than 140 000 dinars earlier. "
Maliki said that "those materials that have been revoked by the court there were opposing them on the day of the vote on the budget, but what happened that the majority overshadowed the logical opinion was passed, therefore, the step of the Federal Court to overturn those materials are constitutional, valid and will contribute to support the currency against the dollar."
Millionday: SO AS WE HAVE READ MULTIPLE TIMES -- CBI IS TO CONTROL THE ECONOMIC TOOLS AND ALSO RELEASE THE VALUE AND INTERNATIONAL RATES ETC -- IT IS THEIR JOB
quicktolegit96: QUESTION IS ARE THEY GONNA DO IT LOL?bluedog: with the shut down of the Chinese exchange this morning, and the reported cyber attack on NYSE, Dow, European Parliament this morning, and the alarms going off in my phone regarding, I'm concerned this may effect security issues in Iraq.
Millionday: EFFECT MARKET SECURITY ?
bluedog: and CBI efforts, yes.
bluedog: Has Iraq put in place electronic security to protect themselves is the question.
Millionday: I SAW TECH ISSUES FOR NEW YORK --- AND IT SEEMS MOST MARKETS ARE IMPACTED BY ONE THING OR ANOTHER TODAY -- IMO IT WAS EXPECTED ANYWAY AS THEY WATCHED FOR CONFIDENCE IMPACTS DUE TO GREECE AND CHINA ETC --
Millionday: THEY REPORTED THEY HAVE THE MOST ADVANCED AVAILABLE
bluedog: OK. This may get bumpy.
Millionday: IT HAS BEEN PRETTY BUMPY ALREADY -- LOL
Millionday: NOTE -- WHOOPOW -- READ EVERY WORD
Millionday: He stressed the economic and investment commission member of the parliamentary proof Mamouri, Sunday, that the current legislative term will see the passage of the new investment law.
Mamouri said in a statement the agency / information / copy of it, that "the Commission has received the economy and investment has been in the past period on the completion of the new investment law,
which includes legislation and laws attractive for investors with a focus on the theme of the single window in the granting of investment licenses."
Millionday: NOTE -- THE INVESTMENT LAW SHOULD BE PASSED BY PARL THIS SESSION
Millionday: He said that "the government should not rely on the state budget on the source of yield and one which is oil, which we put in a great financial embarrassment during the current year due to falling prices," noting that "the multiplicity of sources gives flexibility to the economy of the country as he frees from dependence on oil in the budget General "
Millionday: NOTE -- DIVERSITY THROUGH INVESTMENT WILL ADD TO THE MARKET AND SUPPORT THE BUDGET WHERE INTENDED
Millionday: SO AS WE KNOW THE INVESTMENTS WILL BRING IN MARKET DIVERSITY AND MINIMIZE THE RELIANCE ON OIL ALONE --
Millionday: LOVE IT
pinklady: When is the current session over?
Millionday: IT STARTED ON THE FIRST -- I WILL HAVE TO LOOK
Millionday: I WILL BRING THE AGENDA AND SCHEDULE TONIGHT PINK
Millionday: I BELIEVE IT WAS CHANGED SO WILL CHECK HUN
Millionday: Announced the Commission on oil and energy parliamentary adoption of mediation between the federal government and the Kurdistan Regional Government to contain the recent crisis on the application of the oil agreement signed between the two sides.
The committee member said Tariq friend's (IMN) said that "the Oil and Energy Committee asked for the meeting with Prime Minister Haider al-Abadi for his remarks and the details of the dispute with the province regarding the oil agreement, and then move on to the Kurdistan region to meet with officials there also and see the comments on the oil agreement."
Millionday: NOTE -- THEY ARE TRYING TO FORM MEDIATION FOR THE OIL AGREEMENT APPLICATION -- WHOOPOW
Millionday: TARIG>>The friend added that "the Commission has asked the parliament speaker Salim al contact with the Prime Minister and set a date to meet next week,
to take charge of the Commission announce the results of the meetings between the two sides revealed the defaulting in the implementation of the oil agreement."
And that "the Commission, which will meet with al-Abadi and officials in the Kurdistan region will be impartial from political affiliations and will be neutral in defining the problem and the solutions."
Millionday: NOTE -- APPEARS AS IF MEDIATION IS GOING TO TAKE PLACE AND MEETINGS ARE EVEN SCHEDULED -- GREAT NEWS
Millionday: The Ministry of Natural Resources in the Kurdistan region recently sold for about 13 million barrels of oil during the month of June in isolation from the federal government by having to pay the expenses of oil companies in the region.
The ministry said in a statement that "the region produced last month 17.00013 million barrels, of which 12.00074 million barrels of areas of the region, and 4.00039 million barrels of Kirkuk province, fields,
sent to the Iraqi National Oil Company 4,000,493 thousand barrels, through the Turkish port of Ceyhan, and the provincial government sold the remaining private behaving. "
Millionday: NOTE OBVIOUS CONTROVERSY -- BUT GREAT TO SEE POSSIBLE RESOLVE THROUGH MEDIATION
Millionday: THESE MEETINGS ARE TO TAKE PLACE THIS WEEK THROUGH NEXT
jtank: comment --they talking HCL ?
Millionday: ERBIL AGREEMENT AND PORTIONS OF HCL APPLY THAT THEY HAVE BEEN WORKING ON IMO
Millionday: OIL AGREEMENT THAT THEY SIGNED NOT LONG AGO
Comments may be made at the end of Part 2 Thank You