Millionday News 9/13/14 Part 2
[millionday] NOTE -- THIS IS A HUGE REPORT AND EXPLAINS HOW IMPORTANT THE GOV PROGRAMS ARE TO US AND THE IRAQI ECONOMY –
KNOW THAT THIS IS WHAT WE HAVE BEEN WAITING TO SEE -- HERE WE GO
[millionday] Careful reading in the government program announced by Abadi and approved by the Parliament and in regards to the economic aspects of it specifically,
according to the jurisdiction of the page economic leaders answers to the long-awaited experts and concerned with economic affairs,
where the program included all of the relevant requirements of the transition from a totalitarian to a market economy as a solution represent the challenges faced by our national economy.
[millionday] NOTE -- THE GOV PROGRAM THAT HAS BEEN VOTED IN -- INCLUDES ALL THAT IS NEEDED TO MOVE TO A MARKET ECONOMY –
THAT MEANS THEIR MOVE TO THE GLOBE --- AND ALSO THE PLACEMENT OF THE DINAR ON THE MARKET UNDER SUPPLY AND DEMAND (MARKET ECONOMY)
[millionday] and Kdfath government program, the doors wide open in front of those who want to build Iraq build a new line with the development witnessed by the world,
especially that the requirements of implementation available of what Iraq possessed of vast fortunes, remained We have to have the good governance and the will to achieve this goal.
indicators included in the program are encouraging and the glimmer of hope Bongela fog surrounding the economic approach taken since the change and until the moment where the image was not clear where the economic system you Hoachtraki or mixed or capitalist
[millionday] NOTE -- THE PROGRAM IS TO BRING THEM OUT OF THE IMPOSED POSITION THAT IRAQ HAS BEEN IN SINCE THE TIME WHEN THE RATE WAS IMPOSED AND THE COUNTRY WAS PLACED UNDER SANCTIONS --- THIS IS THE RETURN TO THE GLOBE TO BE WITNESSED BY THE WORLD
[millionday] the phenomenon of financial and administrative corruption Ba_i_ra Say counterpart, because the overlap in laws WYSIWYG for some of the departments failed exploited according to their immediate and personal,
which led to the emergence of imbalances and distortions in the structure of the economy. firmly believe that this phase of any implementation of the new program is a golden opportunity and precious everyone must be invested and not scattering their contents aimed requests incapacitating
Omsalehyh purely, must be jumper on the goals and avoid past mistakes by examining weighted in applications and liabilities and I mean here the private sector, of course,
upon the resolution of his order to seize the opportunity given by the economic program for them in order to prove the ability to achieve economic development programs.
[millionday] NOTE -- THIS NEW PROGRAM IS THE OPPORTUNITY FOR ALL THE WORLD AND THE CITIZENS TO TAKE ADVANTAGE OF THE GREAT OPPORTUNITY TO GAIN FROM THE ECONOMIC REFORMS
[millionday] eight government also required to adopt the visions of economists in the field of transition towards a market economy and adopt programs chock including privatization and corporate governance and restructuring,
including leads to the correct construction of the private sector institutions efficient and able to meet the demands of the Iraqi market, the broad absorption.
[millionday] NOTE -- ALL THE PROGRAMS WERE REQUIRED TO MAKE IT A SUCCESS SO THE GOVERNMENT PROGRAMS HAD TO BE INCLUDED FOR ALL OF THIS TO WORK AND
NOW THEY HAVE THEM DONE AND ARE READY EVEN WITH THE ADMINISTRATIVE CHANGES NEEDED
[millionday] required from the private sector to resolve and helpless in dealing with the implications of the economic program of the new government and leading to give him the required role in driving the economic file in order to devote the government to planning, monitoring and supervising the implementation
and get rid of the liability for direct output, which proved not to his worth and failing and hindered development.
Prior to this we need already to present and discuss the law of economic reform,
which neglected by the previous parliament in accordance with the new vision includes Rated by economists through his being re-organizational Association represents the state of the relationship of the market, according to economic expert
[millionday] NOTE -- THE PREVIOUS GOVERNMENT DID NOTHING TO HELP THE COUNTRY COME BACK IN THEIR PRIVATE SECTOR OR ANY SECTOR WHEN IT CAME TO ECONOMICS AND NOW THEY HAVE ADDRESSED THIS ---
PRIOR TO NOW - THE ECONOMIC REFORMS WERE NOT ADDRESSED AT ALL
[millionday] The appearance of Mohammed Saleh, and shall be in line of this law with the orientations of the government program in revolutionizing management according to the principles of modern management and financial reform and leading to the eradication of corruption.
Proceeding from the importance of this program, the page economic will continue to follow-up to evaluate the program through a questionnaire the opinions of experts and stakeholders and
interested parties in order to assist the government in reaching a clear reading on how to manage the economic profile of the country through the implementation of its successful and ambitious crossing for all economic sectors.
[millionday] SO THEY WILL CONTINUE TO MONITOR THE ECONOMIC REFORM TO ADDRESS ANY PROBLEMS AS IT IS IMPLEMENTED ----THROUGH FOLLOW -UP AND ALSO ASSISTANCE OF EXPERTS AS THEY MOVE FORWARD
[millionday] WHOOOPOW -- WHOOOPOW
[katkat] Thx MD, great articles. Sounding much more together and professional?
[millionday] YW ALL THE TIME -- SOUNDS LIKE THEY HAVE GOTTEN THE PROGRAMS VOTED THROUGH AND ARE READY TO MOVE FORWARD –
YES VERY MUCH TOGETHER AND MUCH MORE PROFESSIONAL AND PREPARED FINALLY
[millionday] READY TO MOVE TO A MARKET ECONOMY MEANS THEY ARE MOVING TO THE GLOBE AND WILL BE INTERNATIONALLY RECOGNIZED WITH A CREDIT RATING -- HUGE HUGE
[millionday] BRB WITH MORE
[lstar877] Millionday robinredhed and rudie you are the greatest!! Did bgg get news rv on Tuesday?? If budget opens oct first do u think we wait for that?
[lstar877] Sorry working lots I only catch bits and pieces
[millionday] I DONT KNOW IF HE GOT NEWS OF A REVALUE ON TUESDAY HUN –
CBI HAS STATED THAT THEY WILL NOT WAIT FOR THE BUDGET TO MOVE FORWARD WITH THE ECONOMIC REFORMS AND
MONETARY POLICY AND WILL USE THE INTERNATIONAL INVESTMENT FUNDS IN THE BANKS TO BEGIN WITH OR WITHOUT THE BUDGET IN PLACE
[DGen] is the value of the currency based on there resources or how functional and efficient there economy is
[lstar877] Ok fabulous news! ! Thanx so much!
[millionday] IT IS BASED ON THE GDP AND RESOURCES AND VALUE OF THE COUNTRY ECONOMICALLY -- ALL ASPECTS --- COMPARED TO THE US DOLLAR IT SEEMS –
THEY WERE DECIDING IF THEY WERE TO USE THE SDR BUT THEY DIDNT HAVE TIME THEY STATED TO DO THAT SO THEY WILL USE THE US DOLLAR –
THEY ALSO USE THEIR RESERVES AS VALUE FOR CALCULATION AS WELL
[wheresmyrv?] When the CBI releases the new denoms there is rumor that they will be called the IQN. Would that make the IQD we hold worthless?
[millionday] NO IT WOULD NOT AND IF YOU PULL ON THE STOCK MARKET THE IQN –
IT IS ANOTHER MARKET -- SO I DONT KNOW WHY SOMEONE HAS THAT STATED -- BUT IT IS THE IQD -- AS IN DINAR
[dcook2] is it in ink that oct 1 starts new fiscal year?
[millionday] IT IS IN INK THAT THE US STARTS ITS FISCAL YEAR ON OCT 1ST YES
[millionday] HERE WE GO
[millionday] National Coalition revealed on Saturday, Prime Minister Haider al-Abadi promised Prime coalition Iyad Allawi, who took over the position of vice president by granting full powers with respect to national reconciliation file,
pointing out that al-Abadi promised Allawi also entrusting his other tasks.
The MP said the coalition Kadhim al-Shammari said in an interview for the program "Khvaya declared," which aired "Alsumaria", "Prime Minister Haider al-Abadi promised president of a coalition of national, Iyad Allawi, in front of the leaders of the National Alliance, Ibrahim al-Jaafari and Adel Abdul Mahdi and Ahmed Chalabi, granting full powers with respect to file national reconciliation
[millionday] Shammari said that "al-Abadi Allawi also promised Manmam Other entrusting him with regard to Arab and international relations,"
adding that it "can not be for Allawi to succeed in the reconciliation file without assigning powers to him.
The House of Representatives has been granted, on the eighth of September current, confidence to the new government of Prime Minister Haider al-Abadi, with the voice of the majority, al-Maliki and Allawi and Najafi as Vice-President of the Republic.
millionday] HERE WE GO NOT MUCH TO SAY ABOUT THE LAST ONE
[millionday] THIS IS NEW REPORT -- Center Economic Information Dargham Muhammad Ali, on Saturday, the issuance of central bank paper a new class of ten thousand dinars to the measures Tndeimih and prevent fraud,
pointing to the need to approach the central bank towards the restructuring of the Iraqi currency and delete the zeros, and the issuance of a new currency.
Said Mohammed Ali for "obelisk" "The process of issuing central bank and a new paper from a ten thousand dinars a private matter of the Bank and within his powers,
and is as a regulatory to add icons, and logos specific to the paper, along with increased means of safety and prevent fraud add watermarks and seals are difficult to imitate."
[millionday] NOTE -- THE ECONOMIC EXPERTS ARE ASKING CBI TO MOVE FORWARD NOW WITH THE RV
[millionday] He stressed that "the central bank deals with international companies sober for issuing currency and in line with the ongoing development in this area."
The President of the Center for Economic Information on "the need to head the central bank to restructure the Iraqi currency and delete the zeros commensurate with the value of the dollar and raise the value of the Iraqi currency against the currencies of countries Jawarwalamlat the world."
[millionday] NOTE -- THEY ARE ASKING FOR THE VALUE TO BE RAISED FOR THE COUNTRY AND THE REDENOMINATION TO TAKE PLACE ALONG WITH THE SETTING OF THE RAISED VALUES FOR THE DINAR TO ALL INTERNATIONAL CURRENCIES
[millionday] The central bank had announced last Thursday put to paper a new class of 10 000 dinars for trading in the Iraqi market,
stressing that the citizen can be easily obtained. And assume the new paper some changes,
including changing the image of the Arab world, Al-Hassan Ibn al-Haytham to the Freedom Monument, has also been modified dates Islamic and Gregorian to 2014 m - 1435H,
as well as that the new paper will carry the signature of the governor of the Iraqi Central Bank and the Agency Abdul Basit Turki Saeed.
[millionday] NOTE -- THE CURRENCY IS ALREADY PREPARED BECAUSE IT HAS TURKI`S SIGNATURE ON IT --- SO IT IS READY OBVIOUSLY
[millionday] The paper contains a new class of ten thousand dinars on the thread to ensure the buckle in the middle contains the effects Animations changes color from gold to green when the note is tilted,
and wrote the phrase (CBI), has also been marked as advanced security known as (transparent window) in right corner of the top of the face of the paper showing a picture of the minaret Helicobacter when placed on a white background as it appears to the sum of (10000) when placed on a dark background,
also includes paper structures against attempts at counterfeiting cloning, and there is a marker present in the paper, especially for the Blind which is about two lines horizontal straight on the left side of the face sheet.
[millionday] SO AS WE SEE -- IT HAS THE WINDOW LIKE OURS DOES AND RAISE RAISED IMPRINT FOR THE BLIND AND ALSO HAS WATERMARKS THAT ARE VISABLE WHEN THE PAPER NOTES ARE HELD AT AN ANGLE –
THEY ARE TO BE THE MOST SECURE AND ADVANCED WE HAVE IN THE WORLD RIGHT NOW ACCORDING TO SOME REPORTS
[millionday] WITH THE ECONOMIC EXPERTS ASKING FOR THE RV TO TAKE PLACE –
THEY WOULD HAVE TO BE READY FOR IT OR IT WOULD NOT BE AN ISSUE AS WE HAVE LEARNED BY READING THE NEWS EVERY SINGLE DAY FOR THE LAST TEN THOUSAND YEARS OR MORE
[counselor.stratton] How much influence does the economic experts have?
[millionday] THEY HAVE CONSULTING AND ALSO HAVE BEEN PART OF MANY COMMITTEES ON IRAQS PROGRAMS AND REFORMS WRITTEN -- THEY HAVE A LOT MORE THAN HERE –
THEIR CULTURE RESPECTS THE EDUCATED PROFESSORS AND ACTUALLY THEY USE THEIR KNOWLEDGE WHEN WRITING LAWS AND MAKING CHANGES DUE TO THEIR EDUCATION AND KNOWLEDGE -- WE DO NOT AS WE KNOW
[jtank] When closing out the use of a currency is there a time limit for exchange? Or is it up to the country, I have heard 2 yrs.
[millionday] THEY ALSO RESPECT AND CONSULT THE RELIGOUS AUTHORITIES ON ISSUES -- WE SHOULD DO THAT AS WELL
[MichelleL] where is there a window on our currency? I've only ever seen one on the dong
[millionday] THERE IS NOT A SET TIME INTERNATIONALLY REPRESNTED BY LAW BUT WHEN THE COUNTRY SETS THE TIME LIMIT IT IS THEN RESPECTED BY LAW AND THEY MUST GIVE THAT TIMELINE
[millionday] WHAT DO YOU MEAN A WINDOW ?
[MichelleL] 8:15 pm millionday: so as we see -- it has the window like ours does and raise raised imprint for the blind and also has watermarks that are visable when the paper notes are held at an angle
-- they are to be the most secure and advanced we have in the world right now according to some reports
[millionday] THE WINDOW I WAS REFERING TO IS THE WINDOW THAT IS CLEAR ON THE BILL ITSELF THAT YOU CAN SEE THROUGH -- IT IS AN ADDED SECURITY FEATURE
[MichelleL] i'm pulling them out, thanks - i dont know of a window except on the dong
[swan2013] millionday Do you think they have a special date in mind for the RV and we just haven't hit it yet especially after reading the news they seemed to be ready? thanks
[millionday] YES I DO THINK THEY HAVE A DATE SET FOR THE DINAR TO MOVE TO THE GLOBE -- A PLAN THIS LARGE WOULD NOT BE CREATED WITHOUT A DATE IMO -- WE JUST DONT KNOW WHAT IT IS YET
[katkat] It seems like logistics of Iraqi's getting to the bank and foreign countries using currency as reserves would predict a long cash in period. No?
[millionday] I WOULD NOT BE ABLE TO GUESS HOW LONG THEY WILL GIVE TO GET THE CURRENCY IN BUT WOULD EXPECT THAT IT WOULD BE LONG ENOUGH FOR ALL TO EXCHANGE IN THE COUNTRY AND OUT –
THE REGULATIONS WILL BE MADE CLEAR BY INTERNATIONAL LAW SO WE WONT BE WITHOUT ANY IDEA -- IT WILL BE MADE VERY CLEAR AS WITH ANY COUNTRY IN THE PAST THAT HAS EXCHANGED FOR ONE REASON OR ANOTHER INCLUDING US
[millionday] OK THAT IS IT FOR TONIGHT -- THANK YOU ROBIN AND rudie