Millionday News 5/3/15 Part 1
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Millionday: President Masoud Barzani will arrive in Washington on Sunday for a week-long trip during which he is scheduled to meet the US president, vice president and other senior officials, the US State Department said Thursday.
“President [Barack] Obama will also join Vice President [Joe] Biden in welcoming President Barzani to the White House,” said State Department’s acting spokesperson Marie Harf.
Millionday: NOTE - TODAY IS THE DAY OF BARZANI`S ARRIVAL
Millionday: Barzani will meet with administration officials, including here at the State Department with Deputy Secretary Tony Blinken on Wednesday, to discuss a range of issues including the US’ strong and continued support to Iraqi Kurdistan and the Kurdish people,” she added.
According to Harf, discussions will include topics such as ISIS and “the status of ongoing political initiatives to address the needs of the Iraqi people, and to foster cooperation across all communities.”
Millionday: NOTE -- THEY WILL NOT ONLY DISCUSS ISIS BUT WILL ALSO BE DISCUSSING THE INITIATIVES FOR THE NEEDS OF THE CITIZENS
Millionday: The Kurdistan Regional Government’s (KRG) office in Washington said Barzani will speak at a joint Atlantic Council-US Institute of Peace event on Wednesday and address the local Kurdish community on Saturday.
Barzani will also meet members of US Congress and will speak at the US Chamber of Commerce.
Millionday: KRG Deputy Prime Minister Qubad Talabani, Minister of Peshmerga Mustafa Qadir are among the senior Kurdish officials expected to accompany Barzani to Washington.'
Millionday: SO THIS IS HUGE FOR IRAQ /KURDISTAN TO BE MEETING ON WED AND ALSO SPEAK AT JOINT ATLANTIC COUNCIL-US INSTITUTI OF PEACE EVENT OF ALL THINGS -- WOW -- THAT IS AMAZING --
Millionday: TO ALSO BE MEETING WITH MEMBERS OF US CONGRESS AND SPEAK AT THE CHAMBER OF COMMERCE ? -- WOW HOW THINGS CHANGE --
Millionday: The economic and investment commission hosted on Sunday, 05/03/2015, headed by MP Jawad al- Chairman of the Committee and the presence of Messrs members, Mr. Ali Keywords Governor of the Central Bank to discuss the monetary policy of the Bank and ways to encourage the private sector.
Millionday: NOTE -- CBI WAS HOSTED TODAY TO DISCUSS THE MONETARY POLICY AND WAYS TO PROMOTE FOR THE COUNTRY`S PRIVATE SECTOR ---
Millionday: NOTE -- UNDERSTAND THAT THIS IS PARLIAMENT AND CBI --
Millionday: The head of the economic and investment commission during the meeting that it is important at this stage where the country is suffering from the financial and economic crises that operate fiscal and monetary policies to promote economic reality which is viewed with hope for investment and the private sector. "
Millionday: NOTE -- SO UNDERSTAND THAT THIS IS A HUGE STATEMENT FOR WHERE IRAQ IS RIGHT NOW -
Millionday: NOTE -- THIS MEETING IS SO VERY IMPORTANT BECAUSE THIS STAGE IS THE STAGE OF PROMOTION --- AND THIS IS FOR THE ECONOMIC REALITY OF IRAQ
ALL ABOUT INVESTMENT AND THE PRIVATE SECTOR OF IRAQ ----ALLEVIATING SUFFERING IS THE ENTIRE GOAL
Millionday: THE PLAN IS ALREADY DESIGNED AND IS THE HOPE FOR IRAQ -- IT IS VIEWED AS THE NEW IRAQI HOPE
Millionday: He said al-Bolani said on relevant policy monetary act now and quickly to invest the money supply available and channeled properly to support private sector companies and banks sector,
and here this liquidity will work as an engine driver of investment which will generate additional financial returns and increases the total national income and gross domestic product (GDP).
Millionday: For his part, Governor of the Central Bank announced the completion of the final touches to issue a new currency of 50 000 dinars category which would reduce the volume of cash in circulation.
He Keywords that the central bank began lending process biggest banks sector and private banks and invest the money in investment projects and also support various economic sectors such as agriculture, industry, housing and others.
Millionday: NOTE-- THE CBI HAS COMPLETED THE SMALL DETAILS OF THE MONETARY POLICY AND ACCORDING TO THE FORMAL REPORT ON PARLIAMENT ----
THEY ARE ISSUING THE 50 000 DINAR AND WILL BE MINIMIZING THE DINARS IN CIRCULATION AND ALSO HAS BEGUN LENDING PROCESSES –
IT COULD BE MEETINGS OR PAPERWORK ETC BUT IT IS SOME TYPE OF STAGE THAT HAS BEGUN ACCORDING TO THIS REPORT ----
Millionday: THE MONETARY POLICY IS BEING ACTIVATED RIGHT NOW AND QUICKLY TO SHOW THE SUPPORT OF THE IRAQI PRIVATE SECTOR
Millionday: SO UNDERSTAND THAT THIS IS THE STAGE OF THE ACTIVATION OF THE MONETARY POLICY
Millionday: HUGE NEWS AND ALSO SHOWS HUGE CONFIDENCE TO SAY THE LEAST
jarhead: it all seems good but I'm lost on the exchange part lol
Millionday: THE NEW BILLS THAT HAVE COME OUT WITH THE NEW SECURITY TECHNOLOGY ARE GOING TO EXCHANGED IN FOR THE OLD AND TORN TO AVOID THE MOVE OF IRAQ TO THE LIST OF BLACK MARKET MONEY LAUNDERING –
THIS IS A RISK FOR IRAQ RIGHT NOW WHILE THEY ARRE TRYING TO GET THEIR CREDIT RATINGS FOR INTERBANK MARKET AND ALSO FOR THE ENTRY OF IRAQ TO ALL GLOBAL ORGANIZATIONS OF INTEREST ETC
MGM Millionday: Tell me im wrong please but why do I feel issuing 50,000 dinar notes doesnt bode well for our rate speculation?
Millionday: THEY HAVE NOT RELEASED THE VALUE OF THE NEW NOTE IN THE MARKET YET IN INK –
THE PROGRAM HAS NOT BEEN RELASED ENTIRELY SO THE SPECULATION WOULD BE OF WHAT IS GOING TO HAPPEN WHEN THEY ARE RELEASED AND I WOULD RATHER WAIT FOR THE PLAN IN INK OR THE PRESS
foxmulder: 50,000 new category bad translation or ?
Millionday: THAT IS THE QUESTION RIGHT NOW -- OBVIOUSLY WITH THE EXPENSE OF THE PRINTING OF THE BILLS AND THE MANY EXPERTS THAT HAVE BEEN EMPLOYED AND ALSO THE DESIGN ETC –
IS HUGE I WOULD SAY --- IT IS THE MOST ADVANCED IN THE WORLD ACCORDING TO WHAT WE HAVE READ –
SO THE EXPENSE OF ALL THIS NEW SECURITY HAS TO BE MORE EXPENSIVE THAN ITS USE AT THE CURRENT RATE IMO -- BUT WE WAIT FOR THE INK
Millionday: WOW WHAT A GREAT CALL TODAY -- EVERYONE MAKE SURE AND LISTEN TO IT AFTER NEWSTIME -- VERY INFORMATIVE AND VERY INTERESTING AS WELL -- GREAT JOB BGG AND WMWHITE
CanTWaitwoRV Millionday: "For his part, Governor of the Central Bank announced the completion of the final touches to issue a new currency of 50 000 dinars category which would reduce the volume of cash in circulation."
CanTWaitwoRV Millionday: sounds like they'd have to come out with a 50 note not the same note to reduce the volume note count...just kinda more of a statement but time shall tell per the forthcoming ink indeed
BGG: I am copying an article I left in THE BLOG for days ... as it was so important to this issue directly...
BGG: Iraq planning new 50,000-dinar note
According to an article on Iraq-Business News dated 28 November 2011…
…the Central Bank of Iraq confirmed it will issue a new banknote valued at 50,000 dinars (US$43), but marked as 50 dinars.
BGG: but marked as 50 dinars.
BGG: no conjecture - just ink...
BGG: they have been working on/discussing this every event as a precursor for quite some time now...
Millionday: VERY INTERESTING BGG AND I HAVE AN OPINION ON THE ISSUE OF THE NOTE -- AS WELL
Millionday: PLEASE CONTINUE WITH YOUR THOUGHTS BGG
BGG: more of that article is available near the bottom of THE BLOG from yesterday (and before)...
BGG: I don't know if I have that much of an opinion - much of what sounds like my "conjecture" comes from News pieces such as this...
BGG: that is all - I thought that would be pertinent...
ROBINREDHED: Would that coincide with the 50 dinar coin?
Millionday: IT IS VERY PERTINENT
Comments may be made at the end of Part 2 Thank You