Millionday news may 2, 2015 Part 2
WELCOME TO MILLIONDAY NEWS
quicktolegit96: Honestly on a scale 1 to 10 how do you feel with 10 being the best overall
Millionday: I AM FEELING PRETTY GOOD -- I HAVE A TOOTH ACHE BUT CAN LIVE WITH IT -- HOW ABOUT YOU HUN? LOL Millionday: SORRY QUICK -- THAT WAS TOO EASY
Millionday: I AM VERY EXCITED ABOUT THE HUGE PROGRESS WE HAVE SEEN IN PREPERATION AND ALSO THE PARLIAMENT SUCCESS AND WORK THEY HAVE GOTTEN DONE –
OBVIOUSLY WITH THE PROTECTION OF INTERBANK MARKET IS THE MOST EXCITING DUE TO THE DEFINITION OF INTERBANK MARKET
Millionday: IT REQUIRES ------- THE INTERNATIONAL EXCHANGE RATES AND THE CALCULATED VALUE OF THE DINAR
Millionday: Mr. Adil Abd Al-Mahdi the minister of oil met in Thursday the 23th of April with the head of the Russian oil & gas producers and discussed with him about many common concern issues.
Mr. Abd Al-Mahdi ensured that the ministry of oil is keen to maintain the appropriate environment for the investments to achieve the benefit for the oil sector and develop the oil industry in the country.
At the same time he praised the Russian companies for their positive role in developing some of the oil fields in Iraq, and said that the ministry is doing their best to solve all the obstacles that might hinder the work of the foreign companies in Iraq within the licensing rounds.
The head of the Russian oil & gas producers ensured that Russia is keen to raise the production and the investments in the oil & gas sector to achieve the benefit for the two countries.
Millionday: NOTE -- THE HCL WAS SUPPOSED TO BE DONE BEFORE THIS MEETING ACCORDING TO ANOTHER REPORT WE HAD -- IT IS IN THE BASKET ON THE TABLE NOW –
AND ALSO YESTERDAY WAS THE MAY HOLIDAY THEY WERE NOT ALLOWED OFF DURING DUE TO THE LAWS NEEDING TO BE PASSED
Millionday: Financial expert warned Mahmoud Sadeq al-Bayati, Saturday, of the consequences of the situation in Iraq on the black list of countries dealing with money laundering operations.
Bayati said, "that" the work of Iraq's instructions anti-money laundering system without a formal law regulating the work would make him susceptible to put on the black list of countries experiencing laundering organization funds operations unchecked.
Millionday: NOTE -- IRAQ IS UNDER THREAT TO BE PLACED ON THE BLACK LIST OF COUNTRIES DEALING WITH MONEY LAUNDERING OPERATIONS -- VERY BAD FOR FINANCIAL CONFIDENCE AND INVESTMENT
Millionday: "He added that" the central bank works since 2004, and yet the instructions of anti-money laundering but between the period and the other says he. is organizing and paying special anti-money laundering to the House of Representatives, but that did not happen
Millionday: "said al-Bayati that" the consequences of the situation in Iraq on the black list is the inability of some companies to engage in the implementation of different investment projects because laws their countries do not allow it,
as well as doubts for the international Monetary Fund and the World Bank the possibility of funding the Iraq through loans in particular and they were wary of the Iraqi government and the central bank and more than once the existence of organization and a great money-laundering operations in Iraq.
Millionday: NOTE -- THIS WOULD NOT BE GOOD FOR THEIR CREDIT RATING EITHER WE COULD ASSUME –
HOWEVER , THE INABILITY TO DO BUSINESS WITH SOME COUNTRIES THROUGH CONTRACTS WOULD BE A PROBLEM FOR IRAQ IN THE DEVELOPMENT STAGE THEY ARE IN --
Millionday: "The form of the House of Representatives about two months a tripartite committee of financial integrity and economic ago Parliament to discuss money laundering, the Tripartite Commission said it had gathered information and evidence on many money laundering and the smuggling of hard currency.
Millionday: SO THIS IS NOT GOOD NEWS AT ALL AND SHOULD ADD PRESSURE TO USE THE MORE SECURE BILLS TO STOP THE ABILITY OF COUNTERFEITING AND ALSO THE REGULATIONS TO BE PUT IN PLACE FOR THE ECONOMIC REFORMS WOULD BE HELPFUL AS WELL -- CBI MUST BE SCRAMBLING TO AVOID THIS --
mrref1216: THIS HAS BEEN GOING ON FOR A LONG TIME..THIS IS NOTHING NEW...
Millionday: I HAVE NOT SEEN THE THREAT TO BE LISTED -- I MUST HAVE MISSED IT SORRY
Millionday: Parliamentary Finance Committee confirmed, and there are sufficient funds to cover state employees and pensions during the year.
A member of the committee MP Masood Mirza, that "there are no any intention of the federal government to reduce or savings or cut the salaries of employees and retirees this year."
He added that "there's money the Iraqi treasury has enough to cover the operating budget, which includes employees and retirees salaries expenses,"
Millionday: NOTE -- THE REPORTS THAT THEY DO NOT HAVE ENOUGH FOR THE BENEFIT FUNDS ARE NOT CORRECT --
Millionday: noting that "if necessary, the state Sstltjo to external borrowing or internal to secure salaries on the grounds it touches the citizen and the impact on their standard of living."
The news indicated the existence of intent with the Ministry of Education to cut the salaries of teachers during the summer holidays due to the current financial crisis.
Millionday: NOTE -- THE SALARIES AND BENEFITS WILL NOT BE IMPACTED BY LACK OF FUNDS -- THEY WILL BORROW IF THEY HAVE TO TO ENSURE THE STANDARD OF LIVING
Millionday: The parliamentary Finance Committee announced earlier, the federal government Stltjo to apply the savings to the salaries of public employees system in the event of continued low oil prices and the worsening financial crisis.
Millionday: SO THE LACK OF PAY IS ANNOUNCED TO THE CITIZENS TO NOT BE A WORRY OF THEIRS -- NICE
Millionday: IT IS NICE TO SEE TALK ABOUT THE OPENING OF THE BUDGET AND WHAT TO EXPECT
jarhead: not the citizens the public not the government employees just like our country the small is crushed
Millionday: IT SEEMS SO -- THEY HAVE STATED THAT THE TEACHERS MAY GET CUT BUT IF YOU WORK FOR THE GOV -- YOU DON'T HAVE A WORRY IT SEEMS -- WE WILL WATCH AND SEE HOW THAT IS EXCEPTED -- SMILE GOOD POINT JAR -
Millionday: HERE IS THE LATEST NEWS ON THE CREDIT RATING THAT IRAQ NEEDS
Millionday: Strengthens the presence of the credit rating of any country in the world to get the funding they want through local or foreign markets, as well as he (credit rating) reduces the cost of borrowing when the state needed to decode the financial Achtnaqatha external debt.
and demonstrated the need for Iraq to speed up winning this category of the three global agencies after Tdharrh of lower world oil prices and their impact on the general budget.
Millionday: NOTE -- THE CREDIT RATING IMPACTS THE INTEREST RATE THAT IRAQ RECEIVES WHEN GETTING LOANS WHILE DOING BUSINESS----
THEY ARE SAYING HERE THEY NEED TO HURRY UP AND GET THE CREDIT RATINGS DUE TO THE ONGOING IMPACT THE LOW PRICES OF OIL HAS ON THEIR OPERATING BUDGET –
THIS IS BECAUSE THEY MAY NEED TO HAVE MORE LOANS BECAUSE OF THE LOWER AMOUNT OF FUNDS THAT OIL WILL BRING WITH ITS LOW PRICE PER BARREL COMPARED TO WHAT WAS EXPECTED
Millionday: In this regard, Prime Minister Dr. economic adviser said. The appearance of Mohammed Saleh: that Iraq lacks the sovereign credit rating but bonds issued by to extinguish the Paris Club debt rated close to those countries that have such a rating awarded Iraq.
He said in a statement the "morning" that interest rates and the discount rate on the Iraqi raised bonds earlier approaching the price of some countries that have rated sovereign, pointing out that the classification of Iraq's credit, although he did not officially yet determined,
Millionday: NOTE -- THIS WILL ALSO IMPACT WHAT THE BONDS CALCULATE AS WITH IT NOT BEING DETERMINED YET -- AND THEY ARE IN A HURRY
Millionday: Vhually probably at a temperature -B returned him well and cause an indication of optimism, saying: that this place is an official but set the intensity on buying Iraqi bonds raised by accordance with the Paris Club and sold in global markets, amounting to $ 2.7 billion annual steady at 5.8 percent interest.
He stressed that the existence of a sovereign credit rating on the bonds, whatever the degree reduces the interest rate and the discount in the event was put support without credit rating will be a degree of risk high It would therefore be the discount rate the highest.
Millionday: NOTE -- WITHOUT A CREDIT RATING WHEN ITS GLOBAL CAUSES THE BONDS TO BE HIGH RISK FOR RETURN AND ALSO LOWERS THE INTEREST AMOUNT RECEIVED AS WELL -- SO NOT THE GOAL AT ALL WE CAN SAY
Millionday: The credit rating agencies of the three, the Standard & Poor's, and Moody's and Fitch, in general risks related to the issuance of debt securities, whether companies or governments to assess and prepare the source's ability to meet the payment of debt interest and premiums resulting from the most important indicator of creditworthiness built by ratings by these agencies.
He predicted Saleh, said that the credit rating of the Iraq issue within four months of naming one of the agencies and ask them period officially do the job by the government.
Millionday: NOTE -- SO ACCORDING TO THIS SALEH IS EXPECTING THE CREDIT RATING TO BE ISSUED THIS MONTH
Millionday: He was Finance Minister Hoshyar Zebari said that Iraq was seeking sovereign rating and communicates with rating agencies credit with the ministry is preparing to issue bonds worth five billion dollars needed to cover the budget deficit of 25 percent of the size of the 2015 budget, amounting to about $ 100 billion.
According to Zebari told Reuters: "We started the process. Banks also seek to help us in this direction. "Did Zebari disclose the date on which it is expected to complete the process.
Millionday: NOTE -- THIS IS OBVIOUSLY A LONG TIME AGO -- SMILE
Millionday: Iraq had announced his intention to issue bonds worth five billion dollars in the first issued in the international bond market nine years ago and is in dire need of liquidity, Observers believe that the Iraq's oil reserves and huge enjoys a good reputation among countries in the payment of its debts and the implementation of financial obligations able to attract buyers for these bonds.
Millionday: According to Reuters, the Iraq issue in place of the dollar bonds maturing in 2028 and prompted a wave of selling panicked late last year with the erosion of oil prices, the yield on these bonds to rise to a record high of 10.49 percent from about 7.2 percent in September. But the yield has since tumbled to 8.04 percent.
Millionday: SO AS WE SEE THE RATES ARE VERY VULNERABLE TO CONFIDENCE IN THE MARKET AND THE ECONOMICS OF THE COUNTRY –
SO OBVIOUSLY THE CREDIT RATING IS SHOWN HERE AS VERY IMPORTANT IN A DEVELOPING ECONOMY TO SAY THE LEAST AND ALSO THE RATE IS APPLICABLE IN STATISTICS GATHERED BY INVESTORS IN FOREX AND ALL MARKETS –
IT IS OBVIOUS AS TO WHY THEY WANT TO HAVE THEIR IN HAND
Bax: I dont understand where you see in the article that they are looking for the rating this month....
Millionday: IT SAID 4 MONTHS AND IT WAS THE BEGINNING SO THAT WOULD BE THIS MONTH BY WHAT IT NORMALLY TAKES
Bax: you mean this is an old article?
Millionday: THEY HAVE RECEIVED ONLY ONE IT APPEARS SO FAR
Millionday: NO THE REPORT SAYS IT NORMALLY TAKES 4 MONTHS FROM THE REQUEST AND IT WAS MADE AT THE BEGINNING OF THE YEAR -- THIS IS MAY
Millionday: HAVE A GREAT NIGHT AND WE WILL SEE YOU TOMORROW NIGHT AT 730 EST PM