Millionday News 7/13/14 Sunday Night Part 2
Welcome to dinarupdates.com for news time with Millionday!
[millionday] According to financial expert, the Ministry of Oil recently announced that the export level of 2.9 million barrels a boat from the South Oil only, and this is consistent with the goal of balancing the year 2014 is approved, believing that the economies of southern Iraq is the main player in the value of the Iraqi dinar.
[millionday] so the calculations are being able to be met in all areas that are applied even with all that has gone on for the countries true value of their currency and also to hold the value of where they are and not have suffered their huge fear of very high prices
[millionday] end of report
[Baxter1243] I have a very hard time believing all of that DInar was stolen...Hundreds of Millions ??....when the articles keep saying that the dinar is in such sad shape...all tattered..torn etc.....
How is it possible to have that much Dinar in banks at one time?? I mean.. you are talking semi truck loads of Dinar.... they certainly wouldnt have had a vault big enough to hold all of this..
[millionday] i agree -- they would have had to take currency that has not even been circulated yet imo -- and that would be impossible to even use with the serial numbers being uncirculated too -- good point
[lstar877] Is the antifraud meeting or conference the 14th & 15th? It seems this is their last concern?
[millionday] lstar877 yes it is -- the 14th and 15th of this month
jtank] When they rv will the value be the same inside iraq as outside-say usa
[millionday] no the prices will change in Iraq and they will change in the denominations they have before the new prices will be applied to their purchase and the way that will work is that the adjustment with the redenomination is that it will be raised by a small % by what i understand so they would actually get more by using the new smaller denoms without the zeros
[millionday] outside the country --- all countries will have a rate that will be applied in comparison to their currency -- usd/iqd -- and all others as in the forex and all other markets show the pairing
[jtank] but the value there will be equal to what we get rv wise-say one to one dinar
[millionday] so if you go there -- at the border they will exchange the US dollar so you can shop and if you have left the country you will give the exchange place the dinar you have and they will give you your country currency
[jtank] what will stop them from smuggling to another area that pays more?
[millionday] they will have prices that equal out to either higher or lower depending on their cost of living-- equal to what it would take in dinars to buy a coke or pay the rent -- just like mexico or any other country
[millionday] smuggling what dinar? they live in Iraq and need dinar
[millionday] pesos wont spend there or usd by regulation make sense ?
[jtank] yes to get more value say in kuwait--borders
[millionday] kuwait would give them kuwaiti dinar and then they would have to get iarqi dinar back -- it will be like playing the market on trips at that time --- maybe you get a little more or maybe less -- the rate changes sometimes but it will be normal as in other countries
[jtank] makes sense--
[millionday] sometimes you gain a little or they could use their isx or the esx and invest in their country and how they think other currency will raise after they are internationally recognized
[quicktolegit96] any word on the dong??
millionday] i dont have any this week
[millionday] ok here we go with the next one smile
[millionday] now this is interesting because remember that they wanted the private banks to get on the isx and the private companies that can so they make a greater impact when they are on the market after they are a market economy globally
[millionday] Called on the President of the International Federation of businessmen in Iraq to the need to review the laws and regulations that govern the operation of the private sector and increase the size of the investment and get rid of the obstacles to launch and not neglecting the role until it becomes the main focus in achieving economic development and rotate the wheel of production in the country through the full investment of its resources .
said d. Hamid punitive "morning" to the state the most prominent role in guiding and caring for the private sector to create new sources of supply the country's economy by creating an environment productivity able to achieve the production of new industries and distinct.
[millionday] note -- they are asking private sector companies to double or at least raise their investment as high as they can for the economic development they are going through and their market for success and higher revenue results of course
millionday] Added punitive that through cooperation between the public and private sectors can catch up with other countries that she was able to make inroads in these areas, pointing out that the new circumstances imposed on the private sector to reconsider placing in the next stage, hoping to move aggressively to do in turn leading after which ensure sustainability conditions.
punitive noted that the constitutional basis for the description of the economic system in Iraq as the economy market, pointing out that Article 2 of the Investment Law No. (13) for the year 2006 indicates:
[millionday] note -- stating that competitively they would be doing better against other countries to draw in investors ect
[millionday] ARTICLE 2 -- INVESTMENT LAW >>>> «First, encourage investment and the transfer of modern technologies to contribute to the development of Iraq and to develop and expand its base production and service and diversification, Second, encourage the Iraqi private sector and foreign investment in Iraq by providing facilities necessary for the establishment of investment projects and enhancing the competitiveness of the projects covered by the provisions of this law in the local and foreign markets.
[millionday] this article 2 is for the benefit of the developing and growing businesses-- to bring in advanced technology so they can compete in local and foreign markets -- it makes it a governmental obligation to the citizens
[millionday] end of report WHHOOOPOW
[millionday] i love to read about the moves for the development -- love it
[mudder] this is a great night of NEWS... Thank you so much md!!!
[RickeyT] ask for more investment? Warka stole all the money, buy more dinar? LOL LOL LOL NOT!
[jtank] this is what the banks are doing now rt -- tech wise
[millionday] RickeyT lol i know right -- good thing they are not the investment bank -- that would be terrible
[millionday] mudder yw all the time hun
millionday] jtank that is what they are announcing that CBI is doing and the banks -- also that the private banks are being asked to make as large as an investment as they can for their businesses so the bottom line is as high as possible for the next phase of a market economy --
[millionday] so exciting smile let me make sure i am not missing anything brb
[millionday] this was listed in the news of isx and our site as well today --
[millionday] Confirmation of the Book CBI No. (154/3/9) in 06/11/2014 and based on the instructions inclusion of joint stock companies in the Iraqi market for securities based on the amendment and issued by the Securities Commission under her No. 13/13 in 04/17/2014 which states "to accept the inclusion of the company's shares,
which at least for a number of its shareholders (100) contributor to adjust their positions to the Listing Rules during the period of one year from the date of incorporation."
It ended the period specified in the book above the central bank did not commit any company to submit Request for the inclusion of its shares in the Iraqi market for securities, thereby violating all procedures and amendments issued instructions drawers.
We ask you to inform us and inform the Iraqi Central Bank and the Securities Commission reasons that ... With appreciation. Taha Ahmed Rubaie Executive Director 07/13/2014
[millionday] this is asking that all regulations are followed for joint or merged companies that are listed on the isx and that transparency is for the whole year from the date they became a corporation
[millionday] so as we see -- they are moving forward in so many directions and all is explained to be for development
[millionday] i like it all and am very encouraged by the direction they are taking with pushing for constitutional compliance for trade and politically -- the timelines on a couple things seem to be exciting too
[millionday] they are gone today for the accounts in Turkey and also the money laundering conference the 14th and 15th and they have added back in a holiday they have not been celebrating for the 14th tomorrow
[millionday] and also the citizens are giving out pats on the back to CBI for holding them up from a great recession during the terrorist attacks that are going on -- where that would come from i dont get -- maybe some statement and
[millionday] warka bank as well and we also see the Visa card coming out for the smart cards and for services with the banks both gov and private --
[millionday] huge news is going on right now and it is just next month that the kurdistan region said they will be launching the esx with the use of the Iraq dinar as well
[millionday] so it sure does seem we are reading a lot of great news or is it just me ?
[millionday] let me look for one more thing and i will brb
[millionday] this was what was on CBI when I saved the original change they were making for the credit cards and is also out again today
[millionday] they had it covered in studies back then for the development
[millionday] System credit card combines points existing banks in the country to enable customers to access their account in anywhere and anytime. This project is also known as "the development of retail electronic payments system.
[millionday] thank you for sending this to me -- it was on the old puter
[millionday] so that is the system they are saying is ready now at CBI
jtank] for smrt card pay-out
[millionday] this was the one for the cbi credit card system for the country`s banks
millionday] i dont see what Iran is doing on the 20th quick
[Smokey Mtn. Dinar] If they (Parliament) are supposed to be meeting again on the 15th, how can they have the anti-fraud conference the 14th and 15th? Or is that different people attending those meetings?
[millionday] still looking
[millionday] wait maybe i have it on this other side hold on a sec
[millionday] they are different people brb