Millionday News 11/09/14 Part 3 of 3
Welcome to dinarupdates.com for news time with Millionday!
Millionday: I WOULD LIKE TO ADDRESS SOMETHING ALSO SO LET ME HAVE THE FLOOR
Millionday: THERE WAS SOMEONE THAT HAD COME IN HERE A FEW DAYS AGO AND THEY WERE SAYING THAT THE CURRENCY OF IRAQ WAS GOING TO BE LESSONED IN VALUE BY 3 ZEROS FOR US ALL
AND THE VALUE OF WHAT YOU HOLD WOULD BE THAT MUCH LESS TO START WITH AND IRAQ WAS GOING TO BLEEP US ---
Millionday: LET ME ADDRESS THAT AND KNOW I DO NOT KNOW WHO THAT IS BUT I CAN NOT IGNORE
Millionday: THAT IS ABSOLUTELY THE MOST MISINFORMED STATEMENT I HAVE HEARD IN THE WHOLE INVESTMENT
Millionday: CURRENCY IS NOT JUST A PIECE OF PAPER -- IT IS A LEGAL DOCUMENT AND IS SIGNED BY OFFICIALS IN EACH COUNTRY --- LOOK AT ONE YOU HAVE AND
Millionday: IT DOES NOT HAVE INVISABLE INK --- THE CONFUSION FOR THIS POOR PERSON LIES IN THE IN COUNTRY AND OUT COUNTRY CONFUSION WITHIN NEWS -- OBVIOUSLY
Millionday: IN THE COUNTRY THEY ARE PULLING THE THREE ZERO CURRENCY ---
NOT REMOVING BY PEN OR FIRE THE 3 ZEROS –
THEY WILL REDENOMINATE IN THE COUNTRY AS THEY HAVE STATED OR NOT ---
AND OUT SIDE THE COUNTRY AN EXCHANGE RATE WILL BE SET FOR ALL COUNTRIES ---
YOU HAVE A FACE VALUE PAIRED TO WHAT THAT VALUE IS IN YOUR COUNTRY –
AND EVEN NOW YOU HAVE A FACE VALUE AMOUNT PAIRED TO WHAT COUNTRY YOU LIVE IN –
YOU MAY GO TODAY AND DO WHAT YOU WOULD DO AT A HIGHER RATE -- EXCHANGE FOR THE VALUE LISTED
Millionday: THAT BILL WILL REPRESENT THAT AMOUNT AND THEY MAY GIVE REGULATIONS AS TO HOW LONG YOU HAVE TO EXCHANGE IN ALL COUNTRIES AS THIS IS NOT UNCOMMON
Millionday: THE IN COUNTRY WILL BE THE ADJUSTMENT DONE TO THE PRICING AT 3% PER THEIR OWN ANNOUNCEMENT AND THE EXCHANGE VALUE WILL BE THE SAME BUYING POWER + 3% FOR INFLATION
AND THEIR PRICES WILL BE AT A REFLECTIVE RATE AT THAT TIME FOR GLOBAL TRADE SO THEY CAN ENTER THE MARKET ECONOMY AS PER THEIR STATED GOAL
Millionday: THAT WAY --- MADE IN USA/CHINA/JAPAN/INDIA/ETC CAN BE IN THE COUNTRY AND VICE VERSA --- IT HAS TO BE AT A PRICE THAT REPRESENTS REALITY NOT IMPOSED RATE
Millionday: YOUR DINAR OR YOUR DOLLAR OR YEN WILL NEVER JUST BE AS IF IT HAS A DIFFERENT NUMBER ON IT
Millionday: THAT IS SILLY AND AGAINST INTERNATIONAL LAW OR WORLD ECONOMICS WOULD BE IN THE TOILET
Millionday: THANK YOU
slh5282: SEEMS AS IF THERE IS A LOT OF ACTION, BUT DOES IT SEEM THEY ARE HOLDING MORE THAN NORMAL AMOUNT OF INFORMATION CLOSE TO THE VEST?
Millionday: YES IT DOES SEEM AS THOUGH THEY ARE HOLDING INFO AND THAT IS GOOD BECAUSE THEY MUST HAVE SOMETHING IMPORTANT WE CANT KNOW YET
love it 2 Millionday: Perhaps a "example" of your above statement might make it a bit clearer ?
Millionday: I THINK THAT IS AS CLEAR AS I CAN GET --
Millionday: LETS DO MORE NEWS BRB
Millionday: NOTE -- THIS IS WHAT IS EXPECTED BY THE LEADERS OF THE COMMITTEES BEING VOTED IN
Millionday: The political blocs to resolve naming presidencies of parliamentary committees, especially the sovereign of them in order to be moving to the laws that delayed approval of legislation.
He explained in a statement singled out the "morning" to "resolve the label presidencies of the Standing Committees will have an impact on accelerating the work of the parliament and lead to the adoption of the laws of the urgent need and that are in the interest of the country and the citizens."
Millionday: NOTE -- SO THE PRES OF THESE COMMITTEES ARE TO BRING FORTH THE LAWS THAT ARE ON THE SHELF ACCORDING TO MULITPLE REPORTS
Millionday: BRB WITH MORE
Millionday: NOTE -- CBI HAS ENFORCED SOME NEWS REGULATIONS
Millionday: Iraqi Central Bank decided to raise the foreign bank branches operating in Iraq of $ 7 million is currently the capital to 70 million per branch, the equivalent of 30 percent of the capital of Iraqi banks.
Considered among the Lebanese banking active in Iraq in remarks to «life», that this step will increase the activity of foreign banks in the Iraqi market, raising the intensity of competition between them and the Iraqi banks, which must provide banking services and products to a wider citizens.
Millionday: NOTE -- TELLING INTERNATIONAL BANKS TO RAISE THEIR FUNDS
Millionday: NOTE -- NOW LET ME SAY CBI ANNOUNCED THAT IF THE BUDGET WAS NOT IN PLACE THEY WOULD USE INVESTMENT MONEY TO FUND ECONOMIC REFORM -
Millionday: The CBI was granted leave under No. 94 of the 2004 law for more than 18 branches of foreign banks, including 8 of Lebanese banks and 5 banks Turkish and banks Iranians, in addition to the branch «Abu Dhabi Islamic Bank» and another for «Standard Chartered Bank» and for «Citibank »British,
in the context of opening up the banking sector to foreign policy and encouraged him to open branches in Iraq, or to participate in the Iraqi capital of banks, as this has a positive impact on the national economy and the financial sector.
Millionday: NOTE -- THIS IS A HUGE STEP AND OBVIOUSLY A REASON BEHIND TO TIE UP THAT MUCH MONEY FROM A CENTRAL BANK MEANS ACTION TO FOLLOW
Millionday: READ EVERY WORD
Millionday: It welcomed the Lebanese banks which have branches in Iraq to «step taken by the Central Bank of Iraq, which, considered it« reflect the reality of the banking industry in Iraq and prospects,
prompting Lebanese banks to increase their interest in contributing to the development of credit activity and investment in the Iraqi market to achieve the desired development goals ».
And stressed the need to take care of any step promote economic growth and banking relations between Iraq and Lebanon opportunities
Millionday: NOTE -- OBVIOUSLY ECONOMIC SUPPORT
Millionday: NOTE -- THIS IS DUE TO PREVIOUS BANKING MEETINGS AND STEPS COMING -- HERE ARE THE ACTIONS
Millionday: She pointed to the conference group and joint workshops held in this regard previously, in conjunction with the two banks of the Lebanese and Iraqi central, and the contribution of the Lebanese and Iraqi banks,
as it has increased to a large extent of communication between the monetary and supervisory authorities in the two countries, with the possibility to benefit from Lebanon's experience in the banking sector ».
Millionday: NOTE -- LEBANON IS HELPING AS EXPERTS AS WELL
Millionday: READ EVERY WORD
Millionday: NOTE -- WHAT IN THE WORLD WOULD MAKE THEM ATTRACTIVE IF THEY ARE NOT OPEN TO A MARKET ECONOMY AND THE ISX IS NOT OPEN FOR STAKEHOLDERS? HMMMMM NOTHING -- SO THIS IS INTERESTING
Millionday: He stressed the keenness of Lebanese banks in Iraq to contribute to the expansion of the size of these banks benefit from the experience in the field of banking activity,
which has become a rich culture of modern technology and the commitment of the international standards in performance. »
The claim was repeated Finally, the need to reassure foreign investors and the owners of the banks to stay in Iraq and continue their work, despite the difficult security conditions that prevailed in the Iraqi market.
Millionday: He said the Director of the Iraqi private banks Association super Nasser Hussain, the capital of branches of foreign banks in Iraq, amounting to $ 7 million «can be described Balchgala because these branches follow the main parent banks that increase their financial positions on some billion dollars».
He also pointed out that «the capital of branches of foreign banks increased to $ 70 million, or about 85 billion dinars, will double its credit ceiling, and thus increase the level of competition between them and the Iraqi banks that they must provide better services to citizens»
Millionday: SO ALL ABOUT CREDIT AND ALSO THE MOVE OF HAVING THE SUPPORT NEEDED TO FUND LOANS AND ADVANCEMENT IN INTERNATIONAL COMPLIANCE AND ALSO DEVELOPMENT –
THIS IS INVESTMENT AGREEMENTS AND STEPS BEING TAKEN FOR THEM
ol lar: just got in was there any news on Maliki being in Iran ,and is he going to come back do you think
Millionday: YES I THINK HE IS
Millionday: A LITTLE WHILE AGO WE WERE LOOKING FOR A REPORT I HAD FROM THE KURDISTAN MEETING ON THE 4TH THROUGH THE 6TH ANNOUNCING THAT THEY WANTED TO MOVE FORWARD WITH ------ WELL I WILL LET RUDIE SHOW YOU WHAT THEY SAID ---
rudie: Millionday: Stressing that the most successful monetary policy is to maintain the stability of the exchange rate provided increased Alantegeh.oasmah IMF to countries with economies in transition to implement currency controls in order to stabilize the economy during the reconstruction phase
and this is what served as the local economy over the past years. He Baidhani that Iraq now has the expertise and economic efficiencies in homes experienced enough for taking the lead and initiate self-reliance for the development of the economy through the reform development programs and policies that fit this stage the application
Millionday: NOTE -- THEY ARE SAYING THAT THEY WANT TO HOLD THE EXCHANGE RATE AT A STABLE RATE WHICH HAS SHOWN SUCCESSFUL IN THE PAST FOR STABILITY
AND THEY EXPECT THAT IT WILL SUPPORT THEM WHILE THEY ACTIVATE ALL OF THE PROJECTS
Millionday: SO HE SAID AT THE END OF THE REPORT –
THEY NEED TO REVALUE THE DINAR AND INCREASE PURCHASING POWER TO IMPACT THE PURCHASING REAL
rudie: Is that the correct one? plus your comments
Millionday: THERE IS A PART IN THAT REPORT THAT SAYS IT IS TIME TO REVALUE
Millionday: MAYBE THE PARA UP
rudie: Millionday: In this context, sees economic academic Dr. Majid Baidhani importance of finding a balance between this equation by increasing the productivity of the individual to achieve the increase in incomes, explaining that the productivity of the individual factor comes through the activation
and projects of the private sector in productive sectors such as agriculture and Alsnaah.oadav told (morning):
It is necessary to achieve financial revenues through the creation of jobs and employment opportunities in the private sector and make it a par with government employees privileges that contribute significantly to the revival of the booming economy , having to rely on the oil industry to activate those opportunities
Millionday: NOTE -- HE IS SAYING THAT THEY NEED ALL PROJECTS ACTIVATED THROUGH THE PRIVATE SECTOR AND THE PUBLIC SO THE FUNDS COME TO THE GOV TO FUND THE RAISES IN SALARY AND SUPPORT THE BOOMING ECONOMY
udie: Millionday: He stressed that the central bank was able through the implementation of a successful fiscal policies in recent years have contributed a lot in the stability of the market and this has resulted in its role regarding the improvement of the exchange rate, and went on to say:
Here comes the role of government and the competent authorities to complete drawing this picture by providing focused support to the private sector and the implementation of the government program, which stressed the importance in advancing the country's economy forward.
Millionday: NOTE -- THE CONTENTS OF THE GOV PROGRAMS HOLD THE ACTIVATION OF ALL THE PROJECTS WHICH ADVANCE THE COUNTRY`S ECONOMY
Millionday: GREAT THOUGH AND GOES WITH THE NEWS THAT THEY ARE MOVING FORWARD WITH ECONOMIC REFORM >> He Baidhani that Iraq now has the expertise and economic efficiencies in homes experienced enough for taking the lead and initiate self-reliance for the development of the economy through the reform development programs and policies that fit this stage the application THATS IT
Millionday: WELL NOPE BUT CLOSE ENOUGH
Millionday: ANOTHER ONE AT THAT SAME SPEACH SAID –
THEY WERE READY TO JOIN THE INTERNATIONAL CURRENCY MARKET AND RAISE THE PURCHASING POWER OF THE DINAR IN COUNTRY AND ALSO REVALUE AGAINST THE VLAUE OF GTHE USD
harvester: There is a fluctuation in the market rate. Why is that happening? and in our favor?
Millionday: BECAUSE THE DOLLAR HAS RAISED IN VALUE THE FIRST TIME IN 7 YEARS
awesomedtl: SO IS THIS SAYING THEY NEED THIS TO REVALUE BEFORE THEY IMPLEMENT THE REFORMS SO IT IS READY TO PAY OUT???
Millionday: IMO -- ALL WILL HAPPEN AT THE SAME TIME BECAUSE MONEY WOULD BE THE MOST IMPORTANT TOOL IN THE ECONOMIC REFORM
jeffusa Millionday: [7:54 PM] Millionday: PER THE BIG ANNOUNCEMENT THAT WE READ FROM THE CONFERENCE IN KURDISTAN –
THEY STATED THAT IT WAS TIME AND CBI HAD THE RESERVES TO MOVE FORWARD AND JOIN THE CURRENCY MARKET AND RAISE THE PURCHASING POWER OF THE DINAR IN COUNTRY
AND ALSO REVALUE THE DINAR AGAINST THE DOLLAR AND CBI IS ABLE TO CONTROL THE INFLATION AT THE SET RATE AS THEY HAVE PROVEN ---
ALL OF THESE ACTIONS HE WAS TALKING ABOUT ARE THE HEART OF THE ECONOMIC REFORM
jeffusa Millionday: that one?
Millionday: THE PARAGRAPH BEFORE IT HAD THE STATEMENT THAT WAS MY NOTE
jeffusa Millionday: THEY STATED THAT IT WAS TIME AND CBI HAD THE RESERVES TO MOVE FORWARD AND JOIN THE CURRENCY MARKET AND RAISE THE PURCHASING POWER OF THE DINAR
quicktolegit96: so essentially THEY ARE READY 100%?
Millionday: CBI STATED THAT THEY ARE