. Millionday News 7/20/14 Part 1
Welcome to dinarupdates.com for news time with Millionday!
[millionday] We would like to note that maximize the economic partnership between the state and the private sector, should be adopted, as a platform to build the national economy for the next phase; (State Economic Partnership).
[millionday] let me just start with an overall -- WHOOOPOW so i dont have to keep boring you with it – lol let me just say that we have great news tonight to say the least smile
[millionday] this is the adoption of the local currency for trade
[millionday] Hussein al-Tamimi Tgb said financial expert Ali Fukaiki importance of adopting measures trade in local currencies across the border for its role in facilitating the smooth flow of traffic of goods and international cargo across the countries that adopt this process.
added in an interview with "morning" that cross-border trade in local currencies in vogue among the countries the world, pointing to the importance of activating the measures adopted in the present time in the trade of the country during the current circumstances to supply what you need the local market of goods cover the growing domestic demand.
[millionday] note -- they are announcing the trade of currencies with other countries which will require a reality rate
[millionday] pointed to the presence of several international agreements to be adopted commercially in the world and fold what was approved by the agreement between the governments of Turkey and Iran commercial exchange in local currency for the two countries, as well as between Malaysia and its neighbors using local.
said: China adopts many foreign projects, particularly the Japanese use the Chinese currency, the local of the (yuan) and a way to settle the payment obligations urgent and those adjustments less susceptible to the vagaries of the process in foreign currency exchange rates and to avoid margins, the difference required by the conversion process through the dollar.
[millionday] note - they will be paired with the us dollar and are going to minimize the gap from reality and begin the exchange for commercial contracts and business with a reality price to start the many agreements made
[millionday] was Fukaiki has between in an earlier statement that what happened from trade actively across the border in (spend Klar) and (Haj Omran) in Kurdistan in the north and being now in the Mehran and Shalamcheh south vivid example of this trade, which resulted by the accumulation of reserves,
cash Iraqi significantly with the bankers and traders Iranians, Syrians and Turks and others promoted the acceptance of these Iraqi dinar confidence in him over the past five years, which did not happen to him such confidence before that over the past half a century earlier. so
[millionday] stressed competent in economic affairs Hadi Hndas that Adoption of the local currency in international trade enhances confidence in Iraqi dinars, especially that most of the country's trade organized with neighboring countries and that they accept to deal in the local currency of Iraq, and
[millionday] note -- they are starting international trade with the dinar
[millionday] in this aspect many positives, mainly to facilitate the supply of materials to the country, where access to hard currency subject to a time through organization requests go through a series of references and this delay deliveries of materials.
drew during his speech for the "morning" that this approach will enhance the prestige of the local trade internationally, having gained currency process international acceptance, citing that it supported a financial reserve a big added its weight to a new After stages ravaged by inflation.
[millionday] so they will become internationally recognized through the process of acceptance because of the reserve they have to back it up
[jarhead] How can they trade now w neighbor countries Currency
[millionday] they will now begin the trade with the local currency the dinar
[jarhead] But how at its worth?
[Danalivin4HIM] Did it say when this would start? cuz I say now is a nice time
[millionday] this is the only timeline they gave >>>, pointing to the importance of activating the measures adopted in the present time in the trade of the country during the current circumstances to supply what you need the local market of goods cover the growing domestic demand.
[boomshakalaka] So if I am reading this correctly, sounds like we will be seeing a rate very soon?
[millionday] they are calling for it to begin now due to its demand and the supply they have to back it up [ROBINREDHED] is this still future-----> announcing the trade of currencies--- requiring a reality rate
[millionday] the rate is not changed right now but they are asking for it to be activated now according to this
[JIMPLANTS] at 2 tenths of a cent better have a big truck to carry your money UN approved
[jarhead] That's what I was lookin for tks[millionday] they are stating they are wanting to activate the reality rate and the monetary policy due to its demand and the reserves they have ready -- the need for the agreements to be activated
[millionday] whooopow is right
[millionday] this was a press statement to the citizens this morning [buck] Who is doing the asking for the rate change now?? thx[millionday] Financial expert Ali Fukaiki of CBI
JIMPLANTS] so the cbi expert is asking
[letsroll] Go Ali Fukaiki of the CBI
[millionday] yes this is a statement saying it is time to do this
[larrykn] so they don't care who the new PM will be they want the rate change period
[millionday] CBI is independent and can move forward if they like and when they are ready
[millionday] brb with more
[millionday] Farah pumice after the closure of border crossings North because of the terrorist attacks launched by groups "Daash" on those areas, which led to inflict importer and trader Iraqi lot of money to secure goods from other countries and other outlets, making specialists and owners projects claim to provide government support for the advancement of the
[millionday] national industry and fill the market need with local products comparable to the importer. competent affairs industrial Mahmoud Alloush between "morning" reasons for the deterioration of national industries over the past years in the public, private and mixed sectors,
including the aging of equipment and machinery and equipment used in production, to Besides the development in the world and concern Iraq at the same time the economic blockade and war during the former regime, making the industrial sector in Iraq fitfully.
[millionday] note -- they are saying that Iraq has to move forward with all for manufacturing and also to bring themselves back from the situation that war caused -- they have deteriorated in their industry and also are lacking in comparison to the global market
[millionday] smile -- read carefully>>> added Alloush: "After the change has been agreed to identify the face of the Iraqi economy and turning of the economy's dictatorship to a market economy,
but he did not are working in this direction, the right way, as it did not provide support to private industry, to promote it and develop national product along the lines of agricultural initiative, "he says.
called specialists and owners of a productivity factor the government to provide support for laboratories and factories producing, along with the establishment of industrial cities integrated enhance the status local product, as well as providing fuel at reasonable prices, and providing world-class technology. confirmed competent necessity of the establishment of the Bank for Investment and Finance with the
millionday] note -- he is calling for all to not forget when they begin to ensure and promote the manufacturing and industry needs that are behind so that they can become competitive in the market place -- they are making the call to go to a market economy along with the development bank and bank of finance
[millionday] here is why it is so important right now and must get done right away
[millionday] task of lending to owners of industrial enterprises to update their lines productivity, private industry that make up the value of the raw materials (VAT) a high proportion of production costs, are economically feasible, especially that Iraq is wasting its resources on current consumption and the opening of the Iraqi border for all goods from countries around the world, whether good or bad.,
and pointed out that Iraq had 36 000 industrial project is small and the average of the private sector, they were the products cover a part of the need the domestic market and some of them was available for export, but it stopped working because of the circumstances experienced by Iraq before and after 2003
[millionday] note -- the sanctions during 2003 and after have caused lack of competitiveness in the market and they must move forward now
[millionday] BEAUTIFUL WORDS >>>>>>> calling for the revitalization of national industries and promotion in order to bridge the local market needs, as well as their contribution to job creation and absorption of manpower to eliminate Unemployment,
as is the case in many countries of the world that accompanied the progress and development of the world in their products and the requirements of its markets as a result of the support of those governments to its private sector, as in Iran, Turkey, Croatia, China, Thailand, Italy and other countries.
[millionday] note -- time to activate the private sector to promote money and jobs
[millionday] For his part, appealed to Saad Hassan, the owner of a laboratory for the production and marketing of dairy products, juices and ice cream, the competent authorities to provide soft loans to his counterparts who stopped their factories for the production for several reasons,
including aging machinery and equipment, and the lack of electrical power on a regular basis, as well as fuel prices, which affect the cost of the local product. He also said that the market is teeming with products imported substandard and at lower prices than domestic, which requires a serious reaction by the competent authorities to support national industries, and the application of the law of tariffs on imported goods.
[JIMPLANTS] huge huge huge pressure on parliament to activate the budget
[millionday] so we have the announcement that it is time to move forward with a market economy and activate tariff taxation for revenues and to have the imports begin back as they had before and then some -- customs in ready along with the department of commerce -- so they are also calling for the opening and launching of the development and finance bank --
[buck] we have had requests of this nature before, what makes this one exceptional??? thx
[millionday] the position they are in and the many announcements that have been made by cbi and the minister of planning along with other key players –
the agreements and also the timelines they have -- they have many agreements needed to be launched because they were made and also they have no13303 anymore in place
[awesomedtl] comment ..... they seem to have all this pressure but they arent going to do anything till the gov is set and m is outta the way, I understand you say they can do it anytime, and I know you dont know when but as this goes on, it shows they arent gonna move this forward quite yet?!!!
millionday] i disagree but we will have to wait and see
[awesomedtl] ty just commenting
[millionday] no problem hun -- i love more opinions than mine
[millionday] here we go -- The juncture through which the country in the current period, the stage is very important on two levels, firstly politician is forming presidencies new to the country and the second is a security and military to take shape in the course of the war led by our armed forces against terrorism, which operates Tables dialogues country's leaders to find a quick solution to the crises and ensure stability political and security of the country.
[millionday] Prime Minister Nuri al-Maliki, had a quick visits for each of the Vice President Khodair al, and the President of the National Alliance, Ibrahim al-Jaafari, to discuss the developments in the security situation and the selection of the President of the Republic and the formation of the new government.
According to a statement issued by the Office Alkhozai received "morning," a copy of it, The two sides discussed in the Office of the Vice President of the Republic of Baghdad, the need to support the security forces, as also discussed the political process in the country and dialogues between the political blocs to form a new government.
[millionday] In another statement issued by the coalition, in which he stated that Prime Minister Nuri al-Maliki met with the National Alliance to discuss course of discussions ongoing political concerning choose the presidency in accordance with the timings constitutional set forth,
as well as discuss the developments in the security situation and the need to improve the capacity of security to escalate military operations against Daash. due to hold the House of Representatives next Wednesday its vote on the president's post in addition to discussing the general budget for Current.
mentioned that the political arena is witnessing differences between the blocks on the prime minister at a time when Iraq Daash control on some areas of Iraq.
[millionday] so they are stating that the budget will be addressed wed along with the presidency -- the security is picked up a lot for not only that reason but also the reason of terrorism in the country --security is a huge topic right now for the incoming political entities and the parliament as they do their job and get things in order for Iraq
[awesomedtl] is m gonna get his walkin papers anytime soon
millionday] if he is not put in office he will
[awesomedtl] and they are only talking about discussing budget not voting
[millionday] there is only 10 days or so left
millionday] they have said that the two readings are done and they were considering with some very important laws just to vote them through and listed the budget as being one of them -- so if they dont change their mind they may just vote it through -- wed they address it so we will know that night
[millionday] july 31st should be the last day
millionday] very encouraging to see they are calling for the local currency to be prepared and priced for global trade -- that is what we want to happen
[sudo1114] Last day for what md?
[Pablo] Just when I'm on vacation and I can't do anything about it.
[smiller67] andrewjwhitted No, it's the last day of the 30 days
[dovi] 30 days from Jul1...so 10 to go
[tbob] you don't need to wait if you dont want to send all unwanted dinar to me lol
[millionday] the constitution gave them 30 days from parliament seated to have pm in and 15 days from elected in officers of parliament which is the 23rd if i remember right
[dovi] millionday they are gonna think 30 days to RV if you don't tell them