Millionday News 5/30/15 Part 1 of 2
Welcome to dinarupdates.com for News Time with Millionday!!
Millionday: I ASKED FOR YOU ALL TO BE CALLED FOR A FEW REASONS -- MANY REPORTS ARE VERY EXCITING -- AND WE ALL NEED TO SEE THEM TOGETHER
Millionday: I HAVE TO SAY I AM SO EXCITED -- SO READ EVERY WORD
Millionday: THIS IS LONG AND WE DONT CARE LOL
Millionday: THEY FORMED A GROUP TO MONITOR THE MONETARY POLICY LAUNCH AND ECONOIC REFORM AS WELL --- THIS IS FROM LEADING ECONOMIST
Millionday: The deletion of zeros from the Iraqi currency restores its monetary value - Fahd Antar Dokhi *
Millionday: Head of the Iraqi destruction authority when it canceled the Iraqi currency of the former regime the end of 2003 to find a coin which reduces the presence of zeros,
the fact that the Iraqi economy, the traditional inflation stages exceeded even arrived to the brink of collapse, and this procedure is one of the means at hand to address the weakness of the value of the Iraqi dinar
Millionday: NOTE -- ZEROS WERE ADDED TO CURRENCY AND OF COURSE SANCTIONS WERE PLACED DUE TO FORMER REGIMES CHOICES
Millionday: according to the monetary and banking law, has to be a return to basic sources which constitutes a strong factor in restoring confidence to our national currency,
Millionday: NOTE -- NOT TO FIND A COIN -- THAT IS HOW IT TRANSLATES -- THEY MEAN DENOMINATIONS THAT WILL REPRESENT DINAR MINUS THE THREE ZERO CURRENCY FROM IRAQ`S MONETARY POLICY TENDER
Millionday: NOTE -- THIS BEING DONE (AS WE HAD HOPED) TO RESTORE THE CONFIDENCE TO IRAQ`S CURRENCY
Millionday: NOTE -- SO WHAT ARE THEY GOING TO DO?>>>>>>>> it is deleted three zeros from Almtadolh currency now put metal and paper dinar parts, including (5, 10, 25, 50, 100, 250 and 500 fils) .. which will bring the following benefits:
Millionday: NOTE -- HE IS ANNOUNCING THE NEW DENOMINATIONS THAT THEY WILL NEED TO USE
Millionday: 1. Ease of circulation and clarity and knowledge of monetary value easily even to foreigners and Hmaaaml Assistant to buy and handle them and trust the other hand, the lifting of monetary value against other currencies ..
Millionday: NOTE -- THESE ARE THE BENEFITS THEY ARE DOING THIS FOR NOW --- ONE IS TO HAVE THE DINAR HOLD A VALUE THAT MAKES SENSE GLOBALLY, REGIONALLY, AND EXPECTATIONS
Millionday: 2. Altfelicat paper perishable and damage, in contrast, the coin is not affected trade and the use and therefore can be manufactured again.
Millionday: NOTE -- ALSO SO THEY CAN HAVE CURRENCY THAT CAN BE ACKNOWLEDGED DUE TO TEARING AND DAMAGE
Millionday: 3. reduces the cost of printing Tabaha.az that JD (25) which will replace the 25 thousand dinars Alnaamhalmtdoualh currency is currently easier and quality will be high ..
Millionday: NOTE -- THEY CAN SAVE ON OVERHEAD DUE TO COST REPAIR/REPLACE VALUE
Millionday: 4. strengthen the fabric and improved through the addition of the elements of the global currency that is not affected by natural factors such as water, and bear scrubs and tear resistance and decay.
Millionday: NOTE -- THE NEW CURRENCY RESEMBLES OTHER FOREIGN CURRENCY DUE TO THE MATERIAL USED -- THE NEW USED NOW DOES NOT WEAR AS QUICKLY
Millionday: 5. reduce the cost of storage in banks, because we need to Qasat less and less effort and also the lower the number of employees by the more control and insurance prohibitively high.
Millionday: NOTE -- THERE WONT BE AS MUCH FOR BANKS TO SECURE IN DINAR/FILAS ETC
Millionday: 6. easily transported over long distances and easily provide a high proportion of them safely.
7.. Strong cash currency contribute to strengthening the elements of the national economy.
8. provides speed and accuracy in trading in settling accounts.
9. gives the workers, giving them greater self-confidence.
Millionday: NOTE -- THE MOVE FORWARD WITH THE MONETARY POLICY IS STRENGTHENING THE NATIONAL ECONOMY -MAKES IT EASIER TO BE CLEAR ON THE VALUE FOR ACCURACY IN THE PRINT AND OF COURSE DUE TO THEIR CULTURE-THE CITIZENS WILL GAIN PRIDE
Millionday: NOTE --- ALSO THE MONETARY POLICY WILL>>>
Millionday: 10. is the risk of error in the calculation of its simplicity and clarity.
11. This will rebuild global confidence by banks and increases traded.
12. also provides cash to expand its value against the US dollar, the euro and the EU.
Millionday: NOTE --- EXPAND ---EXPAND---EXPAND --- ITS VALUE IN THE US DOLLAR--THE EURO-- AND THE EU --
Millionday: NOTE -- IT WILL ALSO REGAIN CONFIDENCE GLOBALLY WHICH WE KNOW IMPACTS THE STOCK MARKET
Millionday: READ EVERY WORD >>>>>WHOOOPOW
Millionday: 13. The printed specifications make them immune to fraud. There are a lot of countries that embarked on this procedure, including the Turkey even s****ped term million to replace the thousand, and can develop a mechanism to withdraw the old currency by subtracting the new currency with them and set a time ceiling to suspend trading Balkadimh record for a period of Omayorasth months, in light of that holds the government banks did not place them again in the Dealing even decay within the period specified.
Millionday: SO THE NEW CURRENCY THEY ARE TALKING ABOUT TO BE INTRODUCED NOW ACCORDING TO THIS REPORT ARE MUCH MORE SECURE THAN THOSE IN THE PAST AND THEY ARE SAYING MORE SECURE THAN OTHER COUNTRIES
Boomshakalaka: what does this mean for the currency that I am holding...
Millionday: BOOM -- IT MEANS THAT IF YOU WOULD LIKE TO HAVE ANOTHER CURRENCY FOR IT ---
THAT THEY ARE PLANNING ON RELEASING THE INTERNATIONAL EQUATION AMOUNTS FOR THE DINAR VALUE OUTSIDE THE COUNTRY SO YOU MAY SELL THE DINAR WHEN IT IS INTERNATONALLY RECOGNIZED
RML: MD, For those among us who are new to this ride, "deleting the three zeros" has a somewhat scarey vibe to it. Is this phrase an indication of: (a) deleting the zeros in front of the 86 (b) retiring the large (000) notes from circulation? Or, (c) something else? TYVM
Millionday: IT IS EXCHANGING THEM FOR THE CURRENCY YOU WANT TO USE IN YOUR COUNTRY FOR THE INTERNATIONAL VALUE THEY PUT OUT ON THE STOCK MARKET OR CBI-BANKS ETC -- WHEN THEY ENTER A MARKET ECONOMY
meme: Millionday you said "TO HAVE THE DINAR HOLD A VALUE THAT MAKES SENSE GLOBALLY"
With Iraq and Kuwait sharing the same oil fieilds and the kuwaiti dinar at $3.30 would you say that it makes sense globally for the IQD to be at that same rate if not more?
I say more because Iraq has more resources than the smaller Kuwait. So when Poppy3 gives us a rate of $4 then we have good reason to believe the report of him and other guru's.
Millionday: HE INTERNATIONAL EQUATION ICLUDES MANY THINGS AND THEY COUULD USE THE PEN FOR PRICING -- SO NO WAY TO GUESS BUT I WOULD NOT BE SHOCKED FOR THEM TO BE CLOSE IN VALUE BECAUSE HISTORY REPEATS ITSELF IMO AND IT DOES MAKE LOGICALLY SENSABLE -- BUT I HAVE NO IDEA WHAT THE RATE WOULD BE
raindropsnroses: Is it true Parliament is going on 30-day leave? If so, when does it begin? What effect does this have on RV?
Also, is this new currency printed and ready to go, or will we be waiting while it's created? Thanks in advance
Millionday: THEY HAVE CURRENCY PRINTED -- WE READ ABOUT THE DESIGN AND SAW SOME OF THEM -- PARLIAMENT MAY BE EXTENDED -- WE HAVENT GOTTEN THAT FAR YET
Loopow: I love what this report is saying. ................Who is Fahd Antar Dokhi? Is he in a position of authority to know about how the deletion of the zeros is going to be implemented?
I have searched the internet for information on him and cannot find anything other then posts on the other dinar sites.
Millionday: AT THE BEGINNING OF THE NIGHTS NEWS I REMINDED EVERYONE OF THE MONITORING GROUP FORMED FOR THE ECONOMIC REFORM AND MONETARY POLICY>>.>Fahd Antar Dokhi member Iraqi Economists Association
sagecanyon8: I'm reading all of this as a big, big whoopow isn't it? Today is my birthday and I think you just made it a Whoopow day!! Thank You MD!
Millionday: I SEE THIS AS A HUGE WHOOPOW -- HAPPY BIRTHDAY HUN -- SMILE
Millionday: Discussed the oil minister, Adel Abdul-Mahdi, during a meeting held in Maysan, ways to ensure the success of the oil wealth management in the country, and how to involve the provinces in the supervision of this file, which is the main nerve of imports Iraq's financial process,
and while the minister stressed the need to play Governments Local vital role in all phases of oil and gas projects, refused to cut Iraq's crude oil exports, which constitute 85 percent of the imports of the federal budget.
saw the consultative meeting, which also discussed ways to create a number of new oil refineries in the country, the participation of a number of governors and heads of boards provinces, as well as the presence of some representatives of local and foreign oil companies.
Millionday: NOTE -- THIS IS A HUGE OIL AND GAS MEETING ABOUT GIVING POWER TO PROVINCES TO PROMOTE OIL PRODUCTION ETC
Millionday: The meeting dealt with according to press releases, the mechanisms to increase production of Iraq's oil exports, especially in these times in which running the country at war with totals misguidance and terrorism, which require more money to provide the armed forces needs.
said Abdul-Mahdi, said that "Iraq can not reduce the volume of oil exports, to adopt most of the sectors of the state, from services and other other amenities to security, the size of the resources obtained by the country to meet the export of oil."
Millionday: NOTE -- THEY HAD THE MEETING TO EXPAND ON PRODUCTION AND ENERGY DEVELOPMENTS ETC
Millionday: He pointed out the minister, that Iraq "is witnessing a serious decline in the economic sectors such as agriculture, industry and trade, which requires increased broadly in production and export of oil, "noting that" if we have the law of oil and gas to what we have seen today the obstacles between the federal government and its local governments, "stressing that" serious Parliament in the legislation of the oil and gas law. "
said Abdul Mahdi, the existence of proposals for the involvement of local governments to be planned and is responsible for the employment policies, provided they do not take action unilaterally, but after consultation between everyone, both in exploration or other issues.
Comments may be made at the end of Part 2 Thank You