Millionday News 8/23/14 Part 1
Welcome to dinarupdates.com for news time with Millionday!
[millionday] WE ARE GOING TO LOOK FOR ECONOMIC NEWS AND THEN SEE WHERE PARLIAMENT IS
[millionday] HERE WE GO -- al-Hashemi - the joy of pumice in time which allowed the Investment Law No. 13 of 2006, as amended, free access to private money investors and companies to Iraq suffers each, according to two experts economists from weakness keep abreast of developments in the banking system of the country hinders access a large part of For the purpose of this money invested for the advancement of economic reality, along with the stability factor. In this context, the adviser said the banking d.
[millionday] Essam Mahouelle that Iraq has suffered for years from a decline in economic performance due to old policies that have isolated Iraq from the periphery and from any developments keep pace with the times in the world of banking and modern systems.
added in a statement (morning): The process of creating access (for the development of the local General) a difficult process, as most of the budget resources derived from the process of extraction, production and export of crude oil, adding that bringing in money from abroad, and entering into investments within the country is a difficult process.
[millionday] NOTE - THE INVESTMENT LAWS ARE IN PLACE AND THEY ARE WORKING ON GETTING MONIES IN TO COMPETE
[millionday] NOTE -- LOGIC >>>
[millionday] pointed out that investors have trouble insert their money into Iraq for two reasons Risn first regards the stability of the general situation of the country to the nature of the capital coward and is subject to escape when exposed to state of shock,
and the second related to the development of banks and approval regimes of modern banking and the proliferation of dealing cards Alaútmanah.daia to speed up the development of the banking system by speeding up the implementation
millionday] NOTE -- THE GOAL IS TO HURRY SO THAT THE WORLD CAN SEE THAT IRAQ CAN MOVE FORWARD AND ALSO RESOLVE THE SECURITY
[millionday] of the project divided the national banking system overall. confirmed Mahouelle the importance of spreading the culture of dealing with money mail (credit cards or credit cards) and direct open outlets and points of sale and discharge in commercial areas scattered from the capital to engage in these activities and then circulated to the rest of the areas after the improvement of the general situation of the fact that it gives the impression to foreign investors that the payments system is moving towards improvement and that he met the evolution.
[millionday] NOTE -- THE ACTIVATION OF THE BANKING REFORM AND ATMS --CREDIT CARDS AND LAWS IN PLACE LET THE INVESTOR KNOW THEY ARE READY -- WHOOHOOOO SOUNDS GOOD TO ME
[millionday] According to some of the Helms law of the First Amendment to the Investment Law No. (13) of 2006 No. 2 of 2010, the investor enjoys the benefits of Directed Capital, which led him into Iraq, and proceeds in accordance with the provisions of this law and instructed the CBI
and a convertible currency, after the payment of its obligations and debts in all of the Iraqi government and all other entities . addition to opening accounts Iraqi or foreign currency or both at a bank inside or outside Iraq for the licensed project.
millionday] NOTE -- THE LAW ALLOWS THE EXCHANGE OF THE GLOBAL CURRENCY AND ALSO ALLOWS THE INVESTOR TO GO TO THE BANK AND EXCHANGE AND ALSO BE ABLE TO EXCHANGE AT HOME -- SO THAT IS WHAT WE NEED
[millionday] NOTE -- THIS IS GREAT NEWS
[millionday] The economic expert, Dr. Hilal Taan believes that the security and political situation faced by the country reflected negatively on attracting capital and investment into Iraq, as well as the escape of Iraqi funds to the countries of the world easily,
especially they were looking for stability and safety. added Taan in his speech for the "morning": that "the terrorist attacks suffered by the country recently as a result of aggression" Daash "to several provinces and cities, formed a key factor in the escape of a lot of capital and reduction of attracting foreign investment in various sectors. "
[millionday] NOTE -- OBVIOUSLY IT IS SCARY OVER THERE BUT THAT MAY BE WHY SO MANY HUGE INVESTING COUNTRIES ARE THERE HELPING IN A HURRY
[millionday] As for the Iraqi private sector, has the expert that he began looking for running his money abroad, especially he is looking for markets and countries stable, Kalamarat, Jordan and other countries,
along with the inability of the Iraqi banks provide guarantees large foreign investment or attract capital, because of the situation faced by the country.
either fundamentals that contribute to the development of Iraq's economy in all sectors, he recalled Taan It lies in the availability of security and political stability in the country
in order to attract foreign and domestic investment, in addition to taking economic decisions and the application of health legislation package that supports the development process in the country.
[millionday] SO HE IS SAYING IN ORDER TO TAKE PART IN THE INVESTMENT MONIES THAT ARE NOW OCCURING THEY HAVE TO MOVE ON THEIR DEVELOPMENT
AND GET ROLLING WITH REMOVING THE TERRORISTIC THREAT THEY HAVE HAD --- THEY NEED TO AND ARE SAYING THEY ARE WANTING TO HURRY
[ernier] Millionday - have you seen the report that shows the CBI rate went from 1166 to 1116? If so, what are the implications to any short term RV?
[millionday] IF THEY MADE A SMALL ADJUSTMENT -- WHICH I HAVE NOT SEEN --- THIS WOULD SHOW THAT THE DATA SYSTEM IS RIGHT
AND ALSO BE AN ADJUSTMENT IMO TO RAISE THE VALUE OF THE DINAR WHEN THE THREE ZERO CURRENCY IS EXCHANGED –
I WOULD HAVE A STRONG OPINION THAT IT IS A MISTAKE BUT HAVE NOT SEEN IT
[millionday] THEY NEED TO DO THIS
[ernier] Here is the report:11:02 AM mrref1216: The central bank is required of private banks at the exchange rate of the dinar is specified 08/23/2014 09:08 Tomorrow's Press / Baghdad: Iraqi Central Bank committed private banks and private pledge, regardless of the Iraqi dinar by price due from the central bank.
The statement said the central bank had seen "tomorrow Press", "The central bank is required of all private banks at the exchange rate of the dinar selected by him.
"He added that "the banks to adhere to this pledge uncles to ensure market stability and liquidity in the money markets.
"The central bank sets the exchange rate of the Iraqi dinar by 1116 danara US dollar each.
The central policy depends balance by pumping local market need to foreign currency and not to allow a monopoly, but it imposes on buyers to provide a definition Ballet use this money purchased from its daily auction for the sale of foreign currencies.
[millionday] THEY NEED TO MAKE IT MORE VALUABLE TO USE THE DINAR IN IRAQ AS OPPOSED TO THE US DOLLAR
[millionday] SO IT IS A GAIN FOR MONEY INVESTORS ----
[ernier] millionday yes
[millionday] IN IRAQ
[millionday] THAT IS WHAT I MEAN --
[millionday] SEE IT IS LIKE THIS -- THE ONLY WAY EVERYONE WILL NOT USE THE US DOLLAR IN A COUNTRY THAT HAS BEEN USING IT IS --- TO MAKE THE NATIONAL CURRENCY PURCHASE MORE ----
IF YOU CAN USE CASH TO GET MORE AND A CHECK WILL BUY A THIRD OF GROCERIES -- I BET YOU USE CASH -- ] SAME THING –
THEY HAVE TO MAKE THE DINAR BUY MORE EVEN IN THE BLACK MARKET AND EVERYWHERE
[millionday] SO THAT THE REGULATION OF THE NATIONAL CURRENCY BEING THEDINAR CAN BE DONE ---
[millionday] THE RULES ONLY WORK IF THE CITIZENS WILL GO BY THE RULES -- SMILE
[millionday] AND IN THIS CASE THE DINAR MUST HAVE AS MUCH VALUE AS POSSIBLE FOR THEM TO ENTER THE MARKET -- STOCK AND FREE MARKET
h-spot] Forgive me MD, but havnt they been using that 'theory' for years now tho? And not do it as of yet
[millionday] YES THEY HAVE HAD THE THEORY -- NOW IT IS GOING INTO ACTION WHICH MAKES THE LONG LONG RIDE WORTH IT WHEN IT IS DONE MY FRIEND
[h-spot] this little increase is the first we've seen of it on their end
[millionday] I WOULD SAY FOR INFLATION
[slh5282] if the dinar does not have greater value than the dollar then they will be out of compliance on all of the contracts correct?
slh5282] they will be using dollars rather than dinar
[millionday] IF THE DINAR DOES NOT BUY MORE THAN THE DOLLAR THEN THE US DOLLAR WILL REMAIN ON THE STREETS BEING USED BY THE CITIZENS AND THAT CANT BE –
THEY ARE TRYING TO REMOVE THAT ALL THE WAY
[millionday] LIKE HERE -- ONLY THE US DOLLAR
[millionday] THERE THEY WILL HAVE -- ONLY THE DINAR
[slh5282] then wont they have to have the dinar at a greater value?
[millionday] AND THIS REPORT IS STATING THAT THE INVESTOR IS SUPPOSED TO HAVE THE ABILITY BY LAW TO EXCHANGE ENTERING THE COUNTRY AND EXITING
[slh5282] dollar isnt worth a plug nickel anyway
[millionday] IT IS ONLY ONE COUNTRY INVESTING -- THE US AND ALL OTHER GLOBAL COUNTRIES
[millionday] MAKE SENSE ?
[millionday] BRB WITH MORE
[h-spot] I just think they have been using that argument for a very long time, and that they have been running out of time forever now lol
[millionday] THE ACTIVATION OF THE INVESTMENT LAWS IS SOMETHING TO PARTY ABOUT -- TRUST ME
[millionday] WE JUST DIDNT KNOW THE DATE BRB WITH MORE -- LOL
[slh5282] Oh I agree Millionday, investment law is great and the ISX is doing great
[slh5282] just need the ESX on line
[slh5282] ISX is picking up large margins everyday
[millionday] HERE WE GO -- IF WE SAW THIS A YEAR AGO -- ME AND RED AND ALL OF YOU WOULD BE DOING THE CHA-CHA
[millionday] Rafidain Bank announced that it intended to achieve pay pensioners living outside Iraq with the e-card. The Director of the Bank in the name of Kamal Al-Hassani in a statement to media library "that Rafidain Bank and through his tireless seeking pay living outside Iraq with the e-card rent them easily using the card from any ATM of any foreign bank,
noting that the Rafidain Bank specific mechanism include restructuring and debt-free budget of previous settled about 90 percent of which is destructive to the budget of the Bank."
[millionday] THIS MEANS THAT THE BUDGET IS ON A ROLL AND ALSO THEIR CARD WILL BE ACCEPTED OUTSIDE THE COUNTRY --- AND THAT IS VERY HUGE ------
THAT IS THE ABILITY TO BE INTERNATIONALLY RECOGNIZED ALL DAY EVERYDAY
[millionday] WHOOOPOW -- RED DO YOU KNOW HOW TO DO THE CHA-CHA LOL BRB WITH MORE
[millionday] HERE WE GO
[millionday] DISCLAIMER:::::: DINARUPDATES.COM IS NOT A PROFESSIONAL STOCK MARKET ADVISOR --- WE TAKE NO RESPONSIBILITY FOR THE FOLLOWING GREAT NEWS
[millionday] Uncovered stock index for net foreign investment, which exceeded 124 million shares for the past week came as part of the weekly bulletin issued by the Securities Commission chairman Almalah.ocd d.
Abdul Razzaq al-Saadi said the next phase of the life of the Iraqi market for securities will witness a great development through what follows from the modern systems in the trading operations of disclosure and transparency is high.
millionday] added in an interview for the "morning" that the Weekly Bulletin included a detailed explanation about the reality of trading of shares of joint-stock companies and places presence in the custom fields for companies winners and losers
and most active by value Almtdaolh.wachar that field his offering companies Winning Hotel Company Assyria followed the tourist city of Mosul dam and then the company desert of public transport.
[millionday] SO THE PART I LOVE OF COURSE IS THE NEXT PHASE OF LIFE WILL WITNESS GREAT DEVELOPMENT FOR THE IRAQI MARKET
ernier] In june we heard the ESX was to go live at the first of August and then when August came around it changed to sometime in August. Is that still the case?
millionday] I NEVER SAW THE FIRST OF AUGUST AND HAVE ALWAYS SEEN SOMETIME IN AUGUST
[millionday] GREAT GRAMMER SMILE