Millionday News 10/26/14 Part 2
Welcome to dinarupdates.com for news time with Millionday!
Millionday: NOTE -- THIS IS THE INTERNATIONAL STANDARDS BEING FOLLOWED AND THE STOCK MARKET AND ALSO THE LAWS IN PLACE FOR SECURITY
Millionday: NOTE -- THIS IS ALSO THE PAYMENT SYSTEMS AS THEY WILL BE DONE BANK WIRES DUE TO ADVANCEMENTS WE HAVE WATCHED HAPPEN
Millionday: The meeting will discuss also the most prominent developments in the framework of the Finance Committee to combat money laundering and the financing of terrorism,
in addition to developments in the framework of the Monetary Council and the existing arrangements on Banking Conference XII GCC Muscat (2015).
Millionday: SO THEY PLAN TO MEET BACK NEXT YEAR FOR MORE CLARIFICATION AS WELL –
AND ALSO THIS WAS MET WITH KUWAIT AND IRAQ IN A NEW BROTHERHOOD TO HELP EACH ECONOMICALLY , TRADEWISE, AND WITH ALL SECURITY AND ALSO KUWAIT WILL HELP WITH THE DISPLACED FOR IRAQ AS A BROTHERLY OFFERING -- HUGE HUGE NEWS
Millionday: AND THE TIMING IS MORE THAT I CAN EVEN EXPRESS --- HUGE HUGE
jimplants: any ink on Iraq being official gcc member
Millionday: THEY ATTENDED AND I AM LOOKING FOR THE UPDATE I HAD IN WHAT I HAVE BEFORE ME SO I HOPE I HAVE THE RIGHT REPORT FOR US
jimplants: thanks I have so much i cant find it but i think they are in charge
Midell: so, MD, basically what you are saying is that Iraq has opened their stock exchange today in Iraq and in order for them to connect international they need an.rv
Millionday: NO -- WHEN THEY CONNECT TO THE GLOBE THEY WILL HAVE A REALITY AND FAIR PRICE FOR ALL PRODUCTS INCLUDING THEIR DINAR –
OR SUPPLY AND DEMAND WONT BE A GREAT SUCCESS FOR THEM ECONOMICALLY --- SMILE
Millionday: BUY HIGH AND SELL LOW DOES NOT WORK WELL IN COMMERCE
Midell: in English please, former marine grunt on this side
Millionday: THEY WOULD BE BUYING EVERYTHING AT HIGH PRICES AND PROBABLY MORE THAN THEY CAN EVEN AFFORD FOR OVERHEAD IN BUSINESS AND SELLING IT DIRT CHEAP AND BANKRUPT –
THERE ARE INTERNATIONAL ECONOMIC CALCULATIONS THAT EVERYONE USES FOR TRADE AND PRICING TO MAKE IT FAIR –
SO IT IS WHO HAS THE BEST AND CAN MAKE IT THE CHEAPEST AND SELL MORE INSTEAD OF AN IMPOSED RATE THAT WILL NOT EVEN COMPARE TO EVERYONE PRICE OUTSIDE OF THE COUNTRY
Millionday: LET ME SAY THIS
Millionday: IT IS LIKE THIS --- IN YOUR HOUSE YOU CAN SELL A COKE TO ALL YOUR FRIENDS FOR A SHOE STRING OR A DIME AND THAT IS YOUR BUSINESS –
BUT IF YOU TRIED TO OPEN BUSINESS AND DO THE SAME -- WHAT WOULD HAPPEN?
Millionday: EVEN IF THEY SOLD IT TO YOU IN YOUR HOUSE AT THAT PRICE -- IT WOULDNT MAKE A DIFFERENCE -- YOU WOULD WIPE OUT --
Millionday: YOU HAVE TO SET PRICES THAT GO WITH THE GLOBAL PRICES OR YOU GO BROKE AND CANT SELL ANYTHING -- (NOTE AS SIMPLE AS I CAN GET)
Midell: thanks, we're saying the same thing. moe money
Millionday: RIGHT MO MOULA THAT MATCHES EVERYONE ELSE
Millionday: BRB WITH MORE
Millionday: NOTE -- I HAVE SAID BEFORE THAT IRAQ WAS PROTECTED FROM THE GLOBAL RECESSION DUE TO SANCTIONS JUST FROM LUCK OR ????
Millionday: Parliamentary Finance Committee deflated the seriousness of the decline in oil prices, the global economic crisis and the impact on the Iraqi economy,
he has a cash reserve of more than $ 74 billion.
Said committee member Rep Wafa Ahmed Kadhim According to the agency «dinars»
The bank reserve currency nearly $ 74 billion, double the money supply in circulation in the country, and this does not exist in the best countries in the world as well is a good sign to reassure the Iraqi people.
Millionday: NOTE -- THEY ARE HAVING A HUGE ECONOMIC MEETING ACCORDING TO THIS REPORT AND ARE SAYING THAT THEY HAVE ENOUGH TO SUPPORT IRAQ GLOBALLY AND ARE REASSURING THE IRAQI PEOPLES
Millionday: NOTE -- READ THIS CAREFULLY
Millionday: She added that «the Iraqi economy immune from the global economic crisis and falling oil prices », likely the advancement of the Iraqi economy in the coming period,
especially after the implementation of the government program to support the private sector.
Millionday: NOTE -- THEY ARE SAYING THAT THEY CAN GO GLOBAL BECAUSE THEY HAVE ENOUGH RESERVES AND THE PRICES OF OIL ARE NOT BOTHERING THEM AND THE PRIVATE SECTOR PROGRAM BEING READY IS WHAT THEY NEEDED
Millionday: The parliamentary Finance Committee suggested the failure to approve the federal budget for 2014, but will be used to approve a cash budget for two months,
As pointed out that the investment projects will be migrated to the year 2015.oukal Committee member MP Masood Haider «that the budget is a financial plan presented by the government to determine the revenues and expenses of the state
and determine the timeframe for this revenue in order to abide by state institutions in this ceiling», adding that «the 2014 budget passed by more than 10 months have not been approved.
Millionday: NOTE -- THEY ARE SAYING HERE THEY CAN USE WHAT COMES OF THE WHAT THEY LEARN TO DO THE NEXT YEAR`S BUDGET FOR OPERATION AND THE GOAL OF AN ENTIRE BUDGET
AND NOT JUST AN EMERGENCY ONE TO MOVE FORWARD WITH THEIR NEW PAYMENT SYSTEM WE READ THEY HAD TO HAVE READY (WHICH THEY DO)
Millionday: NOTE -- READ THIS AS THEIR CURRENT PLAN -- SMILE
Millionday: NOTE -- NOTICE TWO MONTHS
Millionday: NOTE -- THAT WOULD BE DONE AS IN BUSINESS AND ADDED AS A REVENUE
Millionday: FOR NEXT YEAR
Millionday: NOTE -- OH AS IT SAYS HERE >>>He noted «that the government will send a cash budget to the House of Representatives during the last few years for the purpose of discussing and voting on them»,
pointing out that «the projects that were planned in the budget of 2014 will be carried over to the next year's budget».
Millionday: NOTE -- UNDERSTAND IF THEY ARE MOVING FORWARD AND MOVING CASH FOR PROJECTS FOR THE LAST TWO MONTHS –
CARRYING THIS OVER TO NEXT YEAR IT IS ENTERED AS A REVENUE -- NEGATIVE OR POSITIVE
Millionday: For his part, MP on the mass of the citizen and member of the Legal Committee Salim Shawki, on Sunday, the final accounts to balance in 2014 is the operating budget of more than development as a result of the great winning the deficit.
He said Shawki in a press statement that «the remaining time and a few essential to take the necessary measures to provide the final accounts to balance the 2014 procedures
and start a budget next year to begin work on the implementation stalled projects and work ladder new salary functional degrees according to the new year's budget.
Millionday: NOTE -- THE REMAINING LITTLE TIME IS TO IMPLEMENT PROJECTS AND ADD IN THE NEW SALARY PRICING INDEX ACCORDING TO NEW FIGURES
Millionday: He added, »that the Iraqi Parliament put a committee to monitor and audit the final accounts will be negligent and the competent authorities accountable when there is evidence of any financial exchange inaccurate or informally.
Millionday: NOTE -- A COMMITTEE HAS BEEN PUT IN PLACE TO MAKE SURE THE NEW CALCULATIONS WILL BE DONE RIGHT
Millionday: In addition, the Attorney Akil al-Zubaidi revealed that the presidency of the Council of Representatives has sent 100 members to Kurdistan to be trained on how to prepare the federal budget.
Zubaidi said in a press statement on Sunday, «that the Presidency of the Council of Representatives has sent 100 deputy to Iraqi Kurdistan to be trained on the study and the preparation of the federal budget by competent experts in this field.
Millionday: NOTE -- THEY ARE ALREADY THERE FOR TRAINING
Millionday: He said «that these courses come to increase the expertise of Representatives to overcome cognitive obstacles during read and display paragraphs of the budget law for them and discussed
Millionday: SO THE REPRESENTATIVES THAT ARE THERE TO TRAIN ARE THERE SO THAT THEY CAN MONITOR ALL NEW CALCULATIONS AND MAKE SURE THEY ARE ALL DONE RIGHT
poppy3: TELLS US THEY ARE RE ASSESSING THE NEW RATE FOR THE NEW BUDGET.
Millionday: POPPY -- THIS IS A HUGE MEETING OF THE MINDS TO DO WITH THE RELEASE OF THE FUNDS -- AND THE BUDGET AND ALSO THE CHANGES –
WHOOOPOW A NEW PAY SCALE -- HMMM -- WE LOVE IT
MArco: so if you are reading between the lines it is done for 2014 right
MArco: WHich means they can RV and move all further stuff to 2015
Millionday: NOT UNTIL I SEE IT DONE IN INK --
vanessa123: Md, I have a difficult time understanding so much. I just want to know if there are any other steps that need to take place before they can rv? Also, are we now waiting for the 2014 budget figures etc. before this can happen?
Millionday: NO THEY HAVE THE FIGURES AND THE NEXT YEAR DEFICIT IT IS 50 + BILLION$ BUT THEY HAVE NOT RELEASED A THING IN DINARS SO WE CAN SEE
love it 2 Millionday: Is the " HUGE ECONOMIC MEETING "...in session ?
Millionday: IT WAS TODAY
**MOD:ROBINREDHED: bgg go
BGG: Comment - Not to belabor the point - but even I adhere to the guidelines during News Time.
BGG: it's just common courtesy to everyone - listeners and MODs alike
Millionday: THANK YOU - SO MANY TAKE THERE EVENING TIME -- I AGREE-- IT IS RESPECT
Millionday: BRB WITH MORE
graylnjo: If iraq is in such dire straits, why have they not moved to do something about monetary reform by now?? just curious.
Millionday: GOODNESS HUN THEY HAVE COMPLETELY CHANGED AND REWRITTEN THEIR ENTIRE MONETARY POLICY ECONOMIC REFORM -- POLITICAL REFORM -- ADMINISTRATIVE REFORM -- BANKING REFORM –
I DONT THINK THEY HAVE MUCH LEFT TO DO SOMETHING ABOUT –
THEY HAVE CHANGED TO A DEMOCRATIC COUNTRY AND ALSO CHANGED ALL LAWS TO BE INTERNATIONALLY COMPLIANT
Millionday: WE ARE THE ONES THAT THINK IT HAS TAKEN A LONG TIME –
I BET BEING FOR AN ENTIRE NATION THEY ARE ACTUALLY IN A HURRY AND WE ARE THE ONES THAT THINK THEY ARE SLOW BUT I WISH THEY WOULD HURRY UP TOO
Millionday: AND THEY ACT LIKE THEY HAVE BEEN BUSY WITH FIGHTING A WAR TOO -- LAZY PEOPLE
Millionday: JUST KIDDING
Millionday: HERE WE GO WITH A BIG ONE
Millionday: AND I TELL YOU WHY
Millionday: WE HAVE SEEN IN THE STRATEGIC FRAMEWORK AGREEMENT THE WEAPONS SALES AND SOME OF THE HELP WITH MANY THINGS AS WELL –
BUT THE TRADE AND THE ACTUAL ACTIVATION OF THE CONSTITUTIONAL PROMISE OF A MARKET ECONOMY WE HAVE NOT SEEN COMPLETE OR WE WOULDNT BE SITTING HERE
Millionday: BUT HERE IS SOMETHING ELSE WITH THE US
Millionday: Director General of the General Company for Ports of Iraq Captain Imran Radi discussed with US Consul in Basra ways of joint cooperation for the advancement of the Iraqi ports.
A statement of the company said, "During the meeting, the two sides discussed cooperation between the US and the Iraqi ports for the Advancement of Iraqi ports and the cooperation to support US companies operating Iraqi ports."
It is mentioned that there are US companies operate joint projects in Iraqi ports company and / Noah / one of these companies that is developing and updating the Maqqal por
Millionday: SO THE PORTS WILL BE FOR HUGE TRADE AS WE KNOW BUT WE HAVE A WORKING HAND IN IT AS WELL
Millionday: THE ESX (KURDISTAN STOCK MARKET) IS TO JOIN THE ISX BY NOVEMBER
Millionday: I AM LOOKING FOR THE REPORT BRB
Millionday: NOTE -- THIS IS INTERNATIONAL FIGURES THAT WERE PRESENTED IN A FINANCIAL MEETING IN IRAQ
Millionday: Iraq solution in fourth place by about $ 214 billion, about the countries to speed up growth in the Middle East, according to the Institute of International Finance data.
In a statement called the Iraqi Ministry of Finance, to the serious cooperation between the three presidencies and between the government and the parliament, ministries and state bodies and pursue transparency in dealing with the financial crisis .
Millionday: NOTE -- THIS WILL GIVE YOU AN IDEA OF WHERE IRAQ STANDS FINANCIALLY
Millionday: The statement added, "it was emphasized during the meeting, which was chaired by the Minister of Finance in the presence of ministers of oil, defense and interior, electricity, and representatives from the Ministry of Planning and the Central Bank and a number of specialists,
the importance of reducing expenses and serious cooperation between the three presidencies and between the government and the parliament, ministries and state bodies
and pursue transparency in dealing with the crisis with an emphasis on the financial support of the military and security effort to combat terrorism " .
Therefore, it is according to the Institute of International Finance data, the Gulf countries are the fastest growing for the whole of this year among the Arab countries.
This was followed by Iraq, which ranked third, Kuwait worth $ 180 billion and Morocco by about 111 billion dollars
Millionday: SO THAT IS THE NEWS TONIGHT AND WE WILL SEE WHAT TOMORROW BRINGS
Millionday: PLEASE JOIN US FOR ROUNDTABLE TOMORROW AT 1 EST AND AT NEWSTIME AT 730 EST
Millionday: THIS IS GETTING VERY INTERESTING TO SAY THE LEAST
sophie1: thank you Millionday!!!!!! sooo exciting!!!!!
Millionday: I AGREE --- HUGE EXCITING
Millionday: THEY ARE WORKING ON THE AMMENDMENTS FOR THE HCL SO WE WILL SEE WHAT THEY HAVE TOMORROW