Welcome to dinarupdates.com for news time with Millionday! Part 2
[jtank] will they use future projection on all of the economy or just what it is now?
[millionday] THE GDP HAS BEEN REPORTED AND THEY HAVE ALSO MADE IT CLEAR THEY ARE MAKING ADJUSTMENTS FOR INFLATION
AND ALSO OTHER STRATEGIES THEY SAID SO THE EXACT WAY THEY WILL CALCULATE THE VALUE IS YET TO BE SEEN
BUT THE WAY IT IS RIGHT NOW SEEMS TO BE ON THE WAY TO SOME ADJUSTMENT
[watchman42] What is the 30% that Saudi Arabia produces other than oil? Is Iraq being held to a different standard?
[millionday] I DONT KNOW -- -- I WOULD HAVE TO TAKE A LOOK AT WHAT THEY ARE PRODUCING –
REFINERIES HAVE BEEN A HUGE ISSUE BECAUSE MANY COUNTRIES HAVE NOT UPDATED THEIR REFINERIES AND HAVE BEEN SENDING THEIR CRUDE OUT ---
BUT THE FACTS I WOULD HAVE TO SEE WHAT THEY ARE -- DONT KNOW RIGHT NOW
[johnsoos] i am wrong they need two mp before they can rv
[johnsoos] so they are doing all this but the demand from cbi is full seated goi... so they must know something cause they are getting all the duck in order right
[millionday] THEY HAVE NOT PLACED THE SECURITY AND THE INTERIOR YET -- NO ONE HAS SAID THE ECONOMIC REFORMS ARE ON HOLD WITH THEM BEING FILLED BY PROXY
[johnsoos] ok got it cool
[millionday] YES THEY HAVE STATED THAT TOMORROW THEY ARE PUTTING IN FOUR NAMES FOR DEFENSE -- CHALABI IS THE FRONT RUNNER THEY HAVE STATED
[millionday] HOPE THEY VOTE AND HAVE NOT HEARD THEY WONT SO WE WILL SEE
[millionday] BRB WITH MORE -- WHOOPOW
[Pablo] So, if the proxy positions are not the hold up, what is?
[millionday] THEY HAVE NOT SET THE RATES YET -- THEY HAVE NOT STATED THAT THERE IS A HOLD UP -- SO LETS HOPE WE DONT FIND ONE
[millionday] HERE IS THE COMPLETE RESOLVE OF THE KURDS AND FED ON OIL
[millionday] Oil Minister Dr. Adel Abdul-Mahdi, for his quest to solve the outstanding problems in the oil sector and oil contracts, in addition to addressing the problems between the federal government and the province of Kurdistan.
and oil minister said during a press conference held at the Cultural Center of oil during his visit to the city of Basra, on Saturday, 9.20 / 2014: My visit to Basra come to see the reality of the oil sector and the suffering of the problems in the oil contracts, and the need to develop the oil sector and oil production.
[millionday] said Oil Minister: that the current government is a government solutions and not government crises and that the outstanding issues with the Kurdistan region must be resolved in accordance , and planting of trust between the parties involved in the political process to achieve the interests of everyone, including the province of Kurdistan
[millionday] THEY REPORTED THAT THEY WERE RESOLVED BY CONSENSUS
[millionday] THE FIRST I HAVE EVER SEEN THOSE WORDS WITH KURDS AND IRAQ IN THE SAME REPORT -- SMILE
[millionday] WE LIKEY
[daddy7] Doesn't the hydrocarbon law require an increase in value?
[daddy7] Sounds like they are ready to activate it now.
[millionday] IT IS FUNDED BY THE DINAR -- THE DISTRIBUTION IS WHAT IS MEANT WHEN PEOPLE SAY THAT -- FOR PROVINCES -- OVERHEAD --EXCHANGE -- CITIZENS -- ACCOUNTS -- AGREEMENTS -- CONTRACTS -- ECT
[dinar dave] Is it true parliaments last day is sept 25 and don't return til Oct 8th???
[millionday] THE NATIONAL IRAQ DAY AND THE HOLIDAY IS NOT A BANKING HOLIDAY OR GOVERNMENT SO I HAVE NOT HEARD THAT THEY WILL BE OFF ALL OF THAT TIME --
[millionday] BRB WITH MORE
[paul-o] When are they scheduled to vote on that basket of currency and economic reform laws? tyvm
[millionday] THIS WEEK THEY ARE SCHEDULED TO VOTE
[millionday] HERE WE GO -- THIS AS SENT TO ME
[millionday] It is hoped that up Balancing in 2014 from the government to parliament this week, in order to be read and discussed and approved by the middle of the month Almqubl..oukal member of the Finance Committee, the parliamentary Haider al-Kaabi's ((Constitution)): that the budget will be discussed within the committee because they include the launch of 37 000 degrees Functional as well as the installation of staff contracts Alkahraba..oaodh Kaabi: that the proportion of the deficit in the budget is a very large excess of 60% must compress expenditure in the operating budget and the abolition of the investment budget for this year and the sufficiency of expenditures Home
[millionday] including the arming and file of the displaced and the investment file to the provinces only to the fact that this file is important very time Alhadhar..oadav: that the budget represents the financial plan for the state in the light of the vision of the programs and activities and projects they intend to accomplish,
as well as the grades that contribute to the absorption of unemployment among our children Alchaabab..oakhtaatm Kaabi his speech by saying: that the parliament will approve a budget for the three months and a half remaining this year, with the exchange rate increase approved by the Parliament earlier on the salaries of employees with retroactive effect from the beginning of this year and will be disbursed next month, according to the new peace.
[millionday] SO THIS IS SAYING THAT THE BEGINNING OF THE MONTH WILL BE THE THREE MONTHS THAT WILL BE DISPURSED AND IT WILL BE AT THE NEW EXCHANGE RATE
[millionday] THEY WILL ALSO BE PAYING BACK PAY WHOOPOW!!! WHOOOPOW
[ladyfabulous] MD... so why all of the emphasis on October 8th please?
[slh5282] so they are saying the new rate by the first of October?
[millionday] THERE IS A FEAST ON THE 8TH AND MANY THINK THAT IT WILL BE PROBLEM BUT WE HAVE SEEN YEARS OF FEASTS
[millionday] BGG -- WANT TO SAY WHOOPOW
millionday] WE HAVE BEEN TOLD BY MANY SOURCES THAT ARE TRUSTED THAT THE GOAL IS TO OPEN THE BUDGET BY THE 1ST OF OCTOBER --- THEY HAVE MADE IT CLEAR THAT IS THE GOAL
[blossom] so they have meaning parliament has already approved this??
millionday] PARLIAMENT HAS THE BUDGET AND IS SUPPOSED TO BE VOTING IT THROUGH -- THE PAY WILL BE PAID TO ALL STAFF INCLUDING KURDS WHEN BUDGET IS OPEN -- IT IS IN THE BUDGET
[love it 2] how many times have we heard " its in the budget" ...and has never been there ?
[millionday] WE HAVE NOT HAD A BUDGET
[millionday] THE PAY IS PART OF THE BUDGET AND ALL BUDGETS
[ladyfabulous] MD... isn't there suppose to be an IMF report on the 8th Oct as well?
[love it 2] millionday ..never had a budget ?
[millionday] I AM NOT SURE IF THE IMF REPORT COMES OUT BUT I HAVE SOMETHING ELSE TO SHOW YOU ALL THAT IS GOING ON RIGHT NOW THAT IS INTERESTING
[ROBINREDHED] millionday Is October 1 the beginning of the 4th Q??
[millionday] IRAQ HAS NOT PASSED A BUDGET OR YOU COULD SAY THE US OR MANY OTHER COUNTRIES REALLY -- BUT IRAQ HAS NOT PASSED THE BUDGET
[pamsue] are the kurds supposed to be paid on thursday ?
[millionday] YES IT WOULD BE FOR A CALENDER YEAR
[kenster] Budget needs reality rate ? Millionday you are do gracious. Thank you.
[millionday] NOT THAT I KNOW OF -- THEY ARE TO BE PAID WHEN THE BUDGET IS OPENED AND DISTRIBUTED
[blossom] in the article u posted it says:with the exchange rate increase approved by the Parliament earlier on the salaries of employees with retroactive effect from the beginning of this year and will be disbursed next month, according to the new peace. So what I am reading into this is they have already approved the exchange rate???
[jtank] they had budgets before but never used them?
[millionday] THEY HAVE APPROVED THAT THE RATE WILL BE APPLIED TO THEIR PAY FOR THE WHOLE YEAR WHEN THE BUDGET IS DONE
[millionday] THEY HAVE NOT PASSED THEM BY LAW
[millionday] OK HAVE SOMETHING TO SHOW YOU BRB
love it 2] will they ever pass a "law" ?
[MGM] 19:54 are the kurds supposed to be paid on thursday ?
[millionday] THEY HAVE PASSED MORE LAWS IN THE LAST FEW MONTHS THAN WE HAVE SEEN IN YEARS REALLY SO THEY ARE DOING MUCH BETTER
[millionday] HERE WE GO
[millionday] Currencies are back on the G-20 agenda as diverging monetary policies from the U.S. to Japan threaten to increase exchange-rate volatility. Foreign-exchange “coordination” will be reflected in tomorrow’s communique in Cairns, Australia, echoing a pledge by Group-of-20 economies in July 2013 in Moscow, South Korean Finance Minister Choi Kyung Hwan said in an interview today.
[millionday] NOTE -- THE EXCHANGE RATES WERE ON THE AGENDA IN 2013 AND ARE BACK ON THE AGENDA NOW
[millionday] The U.S. dollar has climbed as the Federal Reserve edges closer to its first interest-rate increase since 2006, while easing by the European Central Bank and the Bank of Japan are weighing on the yen and euro.
In Cairns yesterday, U.S. Treasury Secretary Jacob J. Lew renewed a call for member nations to avoid currency intervention in a bid to gain a competitive edge.
Divergent monetary policies “have the risk of increasing uncertainties in global financial markets,” Choi said. Volatile foreign capital flows “could also have an impact on the foreign exchange rates.”
[millionday] The dollar has climbed over the past three months against all 16 major peers tracked by Bloomberg, touching a six-year high versus the yen and a 14-month peak against the European currency.
millionday] SO THE G-20 MEETING IS ABOUT THE WORLD EXCHANGE RATES AND THE NEED FOR THEM TO BE CALCULATED AS THEY SHOULD BE AND SET AS THEY SHOULD BE FOR FAIR TRADE
[millionday] NOTE -- MY DOLLAR HAS NOT BOUGHT ANY MORE THAN IT DID MONTHS AGO - SMILE
[DGen] what should the effect of an RV in Iraq have on the dollar, more up or down
millionday] IT WOULD HELP THE ECONOMY WITH THE INVESTORS AND ALSO THE CONTRACTS AND DEBT TO BE PAID –
THE STRATEGIC FRAMEWORK AGREEMENT HAS A LOT OF TRADE INVOLVED WITH IT THAT WILL HELP THE GDP AND ALSO JOBS WITH THE US –
THE EXCHANGE RATE BEING SET AND SO MUCH GOING FORWARD WITH THEIR ISX AND ESX ALSO WILL HELP IN THE MARKET AND THE FLOW OF MONEY IN THE GLOBE –
THE POSSIBILITIES WITH SO MANY CONTRACTS AND FRANCHISES AS WELL WILL HELP THE PRIVATE SECTOR AND THEREFORE THE GDP OF THE US AND THE VALUE OF THE US DOLLAR WILL ALSO BE OF GREAT HELP ---
ADDED TRADE FOR REBUILDING A COUNTRY EFFECTS NOT ONLY US BUT ALSO THE GLOBAL CONDITION THAT WE DO BUSINESS WITH AS WELL
[millionday] OK SO I HAVE NOTHING ELSE THAT WE ARE INTERESTED IN UNTIL TOMORROW
[millionday] DONT MISS ANY NEWS LOTS ARE HAPPENING SO MAKE SURE AND BE HERE FOR NEWSTIME AS THIS UNFOLDS
Pablo] so MD, you're basically saying that even though wedon't know which date, they have stated that they are going to RV between nowand the 1st?
[millionday] ROUNDTABLE AT EST TOMORROW
[millionday] I HAVE NO IDEA ON THE DATE HUN
[Pablo] But thepayment of funds to the Kurds is supposed to be in RV currency