Millionday News 6/7/15 Part 1 of 2
Welcome to dinarupdates.com for News Time with Millionday!!
millionday: WELCOME TO NEWSTIME EVERYONE
millionday: Description economist contrary goldsmith issuing two new categories of the Iraqi currency to "step is successful," noting that these two categories will not reduce the demand for the dollar in the domestic market size.
The jeweler said in a statement to Agence / information /, that "the central bank's intention to issue currencies new step is successful at the moment, because the issuance of this bulletin will cost the state treasury large sums of money in light of the financial crisis experienced by the country,
as well as the intention of the bank to delete the zeros of the Iraqi operation, what It means the destruction of these two categories in the near future.
millionday: NOTE ---THE NEXT STEP IS A SUCCESS --
millionday: NOTE --THE DEMAND OF THE DOLLAR WILL NOT CHANGE BUT THIS IS FOR THE PHASE OF REMOVING THE THREE ZERO CURRENCY
millionday: GREAT NEWS --
millionday: He added that "This move has some pros on the trading volume of paper and reduce the money supply in the domestic commercial circulation,
but it will not eliminate the need for the dollar to the lack of adequate safeguards in the Iraqi dinar against other currencies on the domestic level, as well as the need for merchants to buy goods in dollars from the outside.
millionday: NOTE -- REMEMBER THAT BANKS ARE BUSINESSES -- IN THIS CASE THE BUSINESS OF SERVICE AND DINAR SERVICE/CHANGE/PRINT ETC
millionday: Central Bank of Iraq and the process and intends to issue new paper from the category of 50 thousand dinars and 100 thousand dinars not to grudge measures aimed to revive the local market chain.
The likely parliamentary Finance Committee member Jabbar Abdul Khaliq reduced demand for the dollar in the Iraqi market with a new class version of the local currency.
millionday: SO THE STEP WAS TO REDUCE DEMAND FOR THE DOLLAR -- A MARKET ECONOMY IS DEFINED BY SUPPLY AND DEMAND
slh5282: i AM NOT UNDERSTANDING HOW THIS IS GOING TO WORK WITH THE DIRECTIVE OF THE CBI FROM A FEW DAYS AGO?
millionday: NOTE -- IMO STRANGE TO PRINT AND PULL SO THIS SHOULD BE INTERESTING
millionday: SLH -- THIS IS A STRANGE STEP -- I AGREE
Bax: So now we are back to the 50k and 100K notes coming out? they seem to change their minds every other day...
millionday: THE KEY IS IN WHAT THEY ARE DOING WITH THEM
Bax: Are they Printed you think?
Millionday: WHEN THEY ANNOUNCED THE PRINT FOR THE TWO DENOMS HERE -- IT WAS DESCRIBED TO BE FOR REFORM STRATEGIES -- WHAT TO EXPECT IS GREAT
Millionday: WE JUST DONT KNOW WHAT IT IS!!!!!!! LOL
quicktolegit96: ANY WORD ON LOANS OR CREDIT RATING ALTHOUGH YOU MAY NOT HAVE GOTTEN THAT FAR? THX IN ADVANCE
Millionday: WE ARE WORKING 0N INFO AS FAR AS THE LOANS -- RATINGS ETC
Millionday: The head of Kurdistan Regional Government , Nechirvan Barzani confirmed on Sunday that Kurdistan region wants to resolve all the problems with the government of Haider al-Abadi
and its support for the harmony and equality, and expressed regret that the Iraqi government has not fulfilled its obligations to Peshmarga forces as part of the defense system in the country.
Millionday: NOTE -- KURDS WANT ALL PROBLEMS RESOLVED AND REFORMS MOVED FORWARD
Millionday: Barzani's remarks came in a speech during the opening of " Sulaymaniyah Platform ", conference which is the first of its kind on the level of Iraq, attended by representatives of the President , the representatives of the Iraqi parliament and the Parliament of the Kurdistan Region, with the participation of representatives from all Iraqi provinces.
The Conference seeks, according to those who support it, to discuss problems and issues related to social, economic, artistic and cultural and tourism affairs in Iraq and will last for two days.
Millionday: SO THIS IS THE FIRST OF ITS KIND -- HUGE HUGE
Millionday: OBVIOUSLY AS WE HAVE ALSO SEEN -- BARZANI
Millionday: WANTS ALL PROBLEMS RESOLVED AND SPEED TO BE THE GOAL
MGM Millionday: So it would appear Barzani DIDNT have a stroke eh?
Millionday: NO -- NOT THAT I HAVE ---
carpet: so all this stuff about HCL must not be true about them wanting to start from new HCL
Millionday: AN OIL AND GAS AGREEMENT HAS BEEN MADE -- THE HCL IS NOT
Millionday: AGREED ON SO -- THEY HAVE STATED IN MANY REPORTS THEY WILL USE THE AGREEMENT AND START A NEW HCL IN ALL PARTS THEY DO NOT WANT
Pablo: The way these guys like to talk it will be Christmas by the time they get that sorted out.
Millionday: WOW THIS IS NOT GOOD
Millionday: PABLO -- I COMPLETELY DISAGREE BUT -- I WILL BRB WITH MORE NEWS
Comments may be made at the end of Part 2 Thank You