Millionday News 12/21/14 Part 1
Welcome to dinarupdates.com for news time with Millionday!
Millionday: WE ARE GOING TO HAVE A SPECIAL NEWSTIME WITH LOTS OF INFORMATION
Millionday: I WOULD LIKE TO ANNOUNCE ONE MORE TIME -- BGG CALL IS TOMORROW AND NOT TONIGHT –
WE ARE HAVING A SPECIAL NEWSTIME TONIGHT WITH A LOT OF INFORMATION SO PLEASE PREPARE YOUR SELF FOR THE NIGHTLY NEWS
Millionday: OK LET ME START BY SAYING THAT THE IMPORTANCE OF THIS NIGHTS NEWS OTHER THAN ALOT OF NEWS TO LOOK AT IS THAT IT IS FULL OF OFFICIAL REPORTS AND COMPLIANCE ISSUES IN INK -- ALL FORMAL
Millionday: WORLD NEWS REPORTED TODAY ::::
Millionday: KUNA English service closes down for Sunday, December 21, 2014.
Transmission will resume on Monday 9:00 a.m. local time (06:00 GMT).
Millionday: BRB WITH MORE
Millionday: THIS NEWSTIME WILL BE A LITTLE DIFFERENT AND FULL OF SMALL INFO AS WELL
Millionday: NOTE -- THIS IS A REPORT FROM C-SPAN AND IS ABOUT IRAQ`S PLAN TO HOLD THE NATIONAL RECONCILIATION CONFERENCE –
THIS WAS A MEETING CONCERNING AND A JUDGEMENT NOT RELEASED IF THEY ARE PREPARED OR IF TIMING IS CORRECT
Millionday: NOTE -- ONE OF THE THINGS THAT WILL BE A HUGE SIGN TO INTERNATIONAL ACCEPTANCE IS THE RETURN OF IMPORTS AND TRADE OF COURSE -- SO IF YOU CAN SEE THIS -- SMILE
Millionday: Director General of Customs announced Ilam province (southwest Iran) on Sunday, he was the resumption of the export of goods from Mehran international borders into Iraq.
Millionday: IRAN HAS ANNOUNCED THROUGH CUSTOMS IMPORTING WILL BEGIN AGAIN THROUGH THE BORDERS TO IRAQ FOR TRADE
brett: what is KUNA english service?
Millionday: IT IS A NEWS SOURCE FROM KURDISTAN
Danalivin4HIM: Did they say when they would start importing?
Millionday: NOT A DATE NO BUT THIS IS AN ANNOUNCEMENT TODAY
disciple7: why wound KUNA english service close?
Millionday: THE ANNOUNCEMENT OF NO ENGLISH FROM EARLIER WAS FROM KUWAIT
Millionday: I SEEM TO HAVE THE SOURCE FROM BEFORE WITH THIS -- SORRY
Millionday: KUWAIT IS NO ENGLISH AND THE KURDS ANNOUNCED THAT IRAN IS STARTING BACK UP IMPORTS TO IRAQ
reps1: considering the new global trade news.. do you think we will go to the new year without a rate?
Millionday: I DONT KNOW ABOUT THE TIMELINE BUT INTERNATIONAL TRADE REQUIRE A REALITY RATE FOR FAIR TRADE AND COMPLIANT GLOBAL MARKET TRADE
giants: what does it mean when you say no English?
Millionday: I MEAN THAT THE SERVICE THEY HAVE FOR THEIR REPORTS TO BE TRANSLATED WILL NOT BE ABLE TO BE USED AND ALL REOORTS WILL ONLY BE OFFERED IN ARABIC
The Shoe: Even with Iran?
The Shoe: Need a reality rate.
Millionday: WHEN INTERNATIONAL RATES ARE RELEASEED IT WILL BE FOR EVERY COUNTRY
Millionday: Confirmed member of the Finance Committee Najiba Najib said the public budget for 2015 to the Cabinet table and is currently busy discussing.
Najib said in a statement to the Agency ((eighth day)) that "the Council of Ministers busy discussing the general budget among its members.
Millionday: NOTE -- THE BUDGET IS ACTIVELY BEING DISCUSSED AND BEING COMPLETED
Millionday: "In the case of sending the budget to the House of Representatives two weeks needed for approval."
And Aodjt Najib said the budget still suffer from uncontrolled deficit the government is working to reduce it to control the economic crisis amid falling oil prices.
Millionday: NOTE -- THEY ARE WORKING TO KEEP THIER PROMISE/GOAL
Millionday: NOTE -->> THE BEST PART >>>It is said that the Deputy Prime Minister by Araji announced on Saturday (20-12-2014) that the general budget will be adopted, transmitted next Monday.
Millionday: SO THAT IS TOMORROW AND WE WILL SEE IF IT IS HANDED OVER
Millionday: BRB WITH MORE
Millionday: NOTE -- KUNA IS KUWAIT AS YOU WILL SEE HERE AGAIN I HOPE --- IF THINGS ARE NOT ABLE TO BE SEEN LET ME KNOW ROBIN
Millionday: Assured Prime Minister (Haider Abadi), that Iraq is about to edit all of its territory from al Daash, also pointed out that the development of Iraq needs to cooperate and support the countries of the region.
Millionday: He (Abadi) in remarks reported by the official news agency of Kuwait "KUNA", "Iraq is on the verge of freeing all of its territory from al Daash fighters after they had made progress in the face of this terrorist organization that fighters began to withdraw from several Iraqi sites."
Millionday: NOTE -- THIS IS A NATIONAL ANNOUNCEMENT FROM ABADI STATING THAT THEY ARE ABOUT TO SUCCEED IN THE WAR AGAINST DAASH
Millionday: He praised (Abadi) unlimited Kuwaiti support for Iraq to confront Daash, valuing parking Kuwait, along with Iraq and the international coalition in the face of the organization.
Millionday: ABADI PRAISED AND THANKED KUWAIT FOR THE HELP THEY GAVE IN THE REMOVAL OF DAASH AND THE SUCCESS IRAQ HAS SEEN –
THIS ANNOUNCEMENT IS TELLING THAT THEY ARE VERY CLOSE TO ITS COMPLETION -- WHOOPOW
_firefly_: Every single time they talk about the economic reform, they talk about security in the same sentence or article ......
_firefly_: Mosul and Anbar are crucial IMO. Any comments on that?
Millionday: THERE WAS A HUGE RISK FOR THE BANKS AND THE CITIZENS/BUSINESS OWNERS SO THEY HAVE FOUND THAT THE WINS IN THIS WAR GO HAND AND HAND WITH THE ADDED SECURITY THEY HAVE HOPED FOR
jtank: Is kuwait a democratic style gov ? They seem very open minded forgetting the past and moving forward with Iraq--thx
Millionday: YES THEY ARE VOTED IN FOR THEIR GOVERNMENT
mrref1216: Is Daash the same as ISIS
Millionday: NOT THE SAME BUT THE SAME LEAD
Millionday: THEY WANT TO KILL AND DAMAGE -- GANGS AND THE MOB IN A WAY
brett: "general budget will be adopted, transmitted next Monday" does this mean the budget will be passed to parliment or tansmitted into law?general budget will be adopted, transmitted next Monday
Millionday: I DONT KNOW BRETT
Millionday: THIS IS THE THING –
WHEN THEY TALKED ABOUT COMING IN FOR AN EMERGENCY MEETING TO VOTE IT THROUGH THEY DID NOT TALK ABOUT READING IT AND THE MANY MEETINGS SO WE SHALL SEE
H-Spot: MD are you still of the mind that the reality rate is with the 2015 budget?
H-Spot: i think you said that the reality rate is with the payment of the dfi funds or something like that
Millionday: I NEVER OR AT LEAST I TRY MY BEST TO NEVER JUST GIVE MY OPINION AND THE REASON I SAID THAT WAS DUE TO A REPORT WE HAD THAT STATED THE THREE ZEROS WERE NOT PART OF THE 2015 BUDGET
Millionday: YES AND ALSO
Millionday: THEY STATED THAT THE DFI FUNDS WILL HAVE THE EXCHANGE RATE IN IT AS PLAIN AS DAY
ang2: Is this meeting that they are in an emergency meeting discussing the budget?
Millionday: YES IT IS
Millionday: BRB WITH MORE
Millionday: THERE WAS A MEETING TODAY WITH OPEC DUE THE OIL PRICES AND THE CHANGES
Millionday: Saudi Arabia’s oil minister on Sunday defended OPEC’s decision to keep output steady despite the biggest market slump in years, saying current prices would help global economic growth and petroleum demand, while Arab states would escape major damage.
Millionday: NOTE -- SAUDI ARABIA IS CONFIDENT IN THE PREDICTED UPCOMING MARKET RAISE IN THE PRICE OF OIL
Millionday: Ali al-Naimi blamed a price slide to levels half of those six months earlier on speculators and what he called a lack of co-operation by major producers from outside of the Organization of Petroleum Exporting Countries.
His remarks to a conference in Abu Dhabi marked the second time in three days that he has signal rebounded the world’s biggest crude exporter would not alter output levels but rather aims to allow the market to stabilize on its own.“I am confident the oil market will improve,” he said.
Millionday: NOTE -- THEY ARE UNDER THE IMPRESSION THAT THE CHANGE IN THE PRICE IS DUE TO THE MARKET ECONOMY (SUPPLY AND DEMAND)
AND THE MANY INVESTORS THAT ARE INVESTING ON THE OIL THINKING THAT AN OIL PRODUCING COMPANY IS REJOINING THE MARKET VERY SOON
AND THEY WILL GET A RETURN BACK ON THE INVESTMENT (SPECULATORS)
Millionday: Suhail Bin Mohammed al-Mazroui, oil minister of the United Arab Emirates, a close Saudi ally, urged all of the world’s producers not to raise their oil output next year, saying this would quickly steady prices. He did not elaborate.
The world is forecast to need less OPEC oil globally in 2015 because of rising supply of U.S. shale oil and other competing sources, with no significant increase in world demand growth.
At a meeting in November, OPEC kept its target output of 30 million barrels a day unchanged, leaving the market to balance itself without the group’s intervention.
That stance was seen as a shift from a long-standing policy in which OPEC powerhouse Saudi Arabia has acted as a swing supplier.
Millionday: NOTE -- VERY INTERESTING THAT INVESTORS THINK THEY MAY MAKE A MARKET GAIN IN THE NEAR FUTURE
Millionday: Asked about possible co-operation between members of OPEC, which include the world’s lowest-cost producers, and non-member countries, Mr al-Naimi replied: “The best thing for everybody is to let the most efficient producers produce.”
He also said that OPEC’s decision would ultimately help the world economy. “Current prices do not encourage investment in any form of energy,
but they stimulate global economic growth, leading ultimately to an increase in global demand and a slowdown in the growth of supplies,” he said.
Iraq’s oil minister, Adel Abdel Mahdi, said he saw no need for an OPEC emergency meeting but “we have to wait and see” whether the group was right to keep output unchanged.
Millionday: Mr. al-Naimi denied politics played a role in the kingdom’s oil policy and said the price fall would not have “a noticeable and big” impact on Saudi Arabia or other Arab economies.
The market slide has triggered conspiracy theories, ranging from the Saudis seeking to curb the U.S. oil boom to Riyadh looking to undermine Iran and Russia for their support of Syria.
Millionday: Before the Vienna meeting last month, there were hints that Russia could cut output or exports if OPEC did the same. But the message from Moscow was that the world’s second-largest oil exporter after Saudi Arabia would maintain its output.
Moscow’s ties with OPEC were soured by its pledge to cut output in tandem with the group in the early 2000s. Russia failed to follow up, and raised exports instead.
Millionday: NOTICE THAT THEY ARE COMPARING YET AGAIN ACCOUNTS TO THE EARLY 2000`S –
ALSO THE CRUDE OIL IS NOT THE ONLY THING THAT IRAQ HAS A MARKET IN WITH THE NEW TECHNOLOGY RIGHT? –
SO THE GOAL IS TO CORNER THE MARKET WITH THE MOST COMPETITIVE PRODUCTION RIGHT? –
THE MOST NEW AND ADVANCED WOULD BE A GREAT WAY TO HAVE CONFIDENCE IN THOSE CAPABILITIES –
SO AS WE SEE -- THE CONFIDENCE FOR THE MARKET AND HOW IT IMPACTS IT HAS BEEN SHOWN HERE AND ACROSS THE WORLD MANY TIMES AND WHAT TIMING IS THIS ?
THE ISX IS ON THE VERGE OF ITS GLOBAL ENTRY AND SO AS WE CAN SEE -- iRAQ IS PRODUCTION WISE A HUGE LEAP/STEP AHEAD NO MATTER WHAT ANGLE YOU LOOK AT THIS AND OF COURSE THE CONFIDENCE WILL BE APPARANT
Millionday: BRB WITH MORE
Millionday: AND FUNNY YOU SHOULD SAY THAT BECAUSE I HAVE A BIG REPORT AND SOME INFORMATION I WANT TO SHOW ALL OF YOU TO SEE IF WE CAN GET SOME IDEA OF OUR INTERNATIONAL COMPLIANCE
Millionday: A popular destination for visitors to the IMF’s Washington, D.C., headquarters has long been a 40-foot-long display of each member country’s currency,
Most countries have their own currency, which is an important part of their national identity, though some belong to a monetary union and share a common currency with the union’s members; others use that of another, often larger, country.
On occasion, a country must introduce a new currency. Turkmenistan, the former Soviet republic in central Asia, decided in 2008 to undertake a currency reform.
Millionday: A major gap between the official exchange rate and the informal or market rate meant that Turkmenistan’s price system had become complex and inefficient.
This, in turn, created complexities in accounting and statistical reporting. So the government decided to introduce a new currency before launching market-oriented reforms.
Currency reform was regarded as the foundation for further strengthening the macroeconomic framework, particularly monetary transmission: the more the population relies on the local currency rather than U.S. dollars, the more control the government has over macroeconomic policy.
The total and orderly overhaul of Turkmenistan’s currency system in 2008–09 in many respects serves as a model for other countries
Millionday: NOTE -- WE HAVE SEEN THEM BRING THIS UP SO I THOUGHT WE MIGHT GET SOME CLUES FROM THIS -- SO HERE WE GO WITH MORE ON IT -- VERY INFORMATIVE
Millionday: The introduction of a new currency is not undertaken lightly. The motivation could be hyperinflation, exchange rate collapse, massive counterfeiting of the existing currency, or even war.
Or it could be an intentional change—for example joining a monetary union, such as the European Monetary Union.
Changing a national currency is a highly political decision. Sometimes the existing currency does not meet the economy’s needs. The typical economy in need of currency reform is cash based and highly dollarized, with multiple currencies circulating at the same time.
Millionday: NOTE --SO WE HAVE ALL OF THESE REASONS
Millionday: NOTE -- I AM HOPING THAT THIS IS HELPING
Comments may be made at the end of Part 2 Thank You