Millionday Special Thursday News Time 2/19/15 Part 1
Welcome to dinarupdates.com for news time with Millionday!!
Millionday: I WOULD LIKE TO COVER WHAT I CAN IN INK ABOUT IRAQ AND WHAT THEY PLAN TO DO ECONOMICALLY IN THE NEAR FUTURE --
Millionday: THERE IS ALOT OF NEWS OUT BUT LET ME SAY --
PLEASE DO NOT LISTEN TO ANYONE TELLING YOU THEY KNOW THE DATE OR RATE OF THE DINAR AND ANYTHING YOU DO NOT SEE VERIFIED IN NEWS –
AND ALSO REMEMBER THAT JUST ONE REPORT DOES NOT MAKE IT SO –
WE HAVE TO KNOW WE ARE LOOKING AT NEWS SO IT HAS TO BE VERIFIED BY ACTION AND OTHER INK AS WELL --- AND THEN WE MAY HOPE SMILE
Millionday: MANY PEOPLE HAVE BEEN ENJOYING A ROLLER COASTER FOR PEOPLE AND I SERIOUSLY DONT LIKE SEEING IT SO LETS LOOK AT SOME INK
Millionday: WE HAVE SOME GREAT NEWS TO LOOK AT TOO MY FRIENDS
Millionday: SMILE -- PROGRESS WHOOPOW
Millionday: Finance Committee in the House of Representatives member Haider Mutlaq, on Thursday, that the launch of the federal budget for 2015 by the Ministry of Finance to all ministries will be early next week, pointing out that the financial crisis will be overcome in the event of rising global oil prices.
Millionday: NOTE -- THEY ARE DISTRIBUTING FUNDS TO ALL MINISTERIES AT THE BEGINNING OF THE WEEK -- SMILE
Millionday: He said Mutlaq for "tomorrow Press," that "there is a deficit happened in the month of January last for oil sales, which did not provide all employees state salaries,"
adding that "this month and after the rise in world oil prices provided Iraqi oil exports, all employees of the Iraqi state salaries and ruled the winning difference between salaries and sales.
Millionday: NOTE -- JANUARY WAS ROUGH DUE TO VERY LOW PRICES IN THE MARKET FOR OIL -- IT IS RISING AND THEY SEE A RESOLVE ON THE WAY
Millionday: And that "the Iraqi government requires them to sell $ 119 million worth of crude oil per day to clog the employees' salaries," expected "overcome this crisis with cash that the Iraqi government is facing in the coming months.
Mutlaq said that "the launch of the federal budget for 2015 by the Ministry of Finance to all ministries will be early next week to enable them to exchange.
Millionday: NOTE -- THEY ARE REFERRING TO A COST ANALYSIS --
THEY MUST SELL 119 MILLION US DOLLAR TO COVER WHAT THEY HAVE BUDGETED FOR THE MINISTRIES --- JUST AS DONE IN BUSINESS
Millionday: SO OBVIOUSLY THOSE OF US THAT HAVE BEEN HERE A LONGTIME KNOW THAT WE HAVE NOT READ THESE WORDS BEFORE FROM IRAQ ---
FUNDING THE MINISTRIES -- WHOOPOW AND AMEN
.VIP.clay: thought they were billions short for budget
Millionday: THIS IS REFERRING TO THE SALARY AND NEEDS THAT ARE BEING DISTRIBUTED TO JUST THE MINISTERS -- SO THAT IS ALL THIS REFERS TO IN THIS REPORT
Holly1: If they dont meet the 119, Mil, then what does it do for us .. and Ty.
Millionday: IT HAS NO BEARING ON US BUT WOULD HAVE AN IMPACT ON THEIR DEFICIT AND ABILITY TO MEET THEIR AGREEMENTS WITH THE MINISTERS
1glen: What do you mean by "exchange"????
Millionday: I AM NOT SURE WHAT THIS REFERS TO >>>> Mutlaq said that "the launch of the federal budget for 2015 by the Ministry of Finance to all ministries will be early next week to enable them to exchange.---
IT MAY MEAN TO PROVINCES OR TO CONTRACTORS OR EXCHANGE FOR NEW BILLS -- BUT IT GOES NO FURTHER IN THIS REPORT --
Millionday: YW ALL THE TIME -- IT IS INTERESTING THOUGH HUN - SMILE
Papatom: the dollars for their goal in oil sales is because oil is priced in dollars....right? nothing to be concerned about? .......just how much to cover the salaries....shown in dollars..?
Millionday: EXACTLY -- THIS IS JUST SAYING WHAT WILL BE NEEDED IN OIL PAYMENT IN US DOLLARS BECAUSE THAT IS HOW IT IS PAID FOR ---
HOWEVER I FIND IT INTERESTING THAT THEY DO NOT STATE THE DINAR AMOUNT
awesomedtl: did you talk about the budget being posted in the gazette yet for sunday!?!? is this what we are looking for
Millionday: WE HAVE JUST LOOKED AT ONE REPORT AND IT IS THAT THE FUNDING FOR THE MINISTERS WILL BE DONE AT THE BEGINNING OF THE WEEK --
Baxter1243: They wouldnt be exchanging this funding from USD would they?? Lets hope not.. THey stated they would be using Dinar.. I know.. but that was weeks ago..
Millionday: THEY WILL ONLY BE USING THE DINAR FOR THEIR NATIONAL CURRENCY PER REGULATIONS BY THE CBI -- THE OIL IS PAID FOR IN US DOLLAR AND SENT TO THE CBI AND EXCHANGED THEN FOR DINAR
awesomedtl: is this what we are looking for?
Millionday: WE ARE LOOKING FOR A GAIN IN THE VALUE FOR THE DINAR AND PRAYING THAT WE SEE A PROFIT
Millionday: Iraqi facts circle, on Thursday, confirmed on Sunday that the next date of publication of the Federal Budget Law for 2015 in the Journal of the facts, noting that the work is underway so far on the formulation and audited in preparation for deployment.
Millionday: NOTE -- THE BUDGET WILL BE PRINTED IN THE GAZETTE ON SUNDAY AND WORK IS BEING DONE NOW TO PREPARE TO SEND OUT THE FUNDS PER THE BUDGET
Millionday: The general director of the Iraqi facts circle Hussein punitive, in a statement seen by "obelisk", "The number of Sunday from the Iraqi Gazette, will include the publication of the general budget of the Federal Republic of Iraq for the financial year / 2015,
all the details of the law," he "provides the latest issue of the newspaper The facts of Iraq, in the approved distribution centers, and a library of justice in the ministry's headquarters.
Millionday: NOTE - THE BUDGET WILL BE PRINTED IN 3 LOCATIONS --
THE GAZETTE -- DISTRIBUTION CENTERS -- AND THE LIBRARY OF JUSTICE AT THE MINISTERS LOCATION -- WHOOOPOW
Millionday: He punitive "The federal budget law requires several days to be drafted and printed in minutes being includes full details of a large number of tables and figures," pointing out that "the Ministry of Finance will sign what has been drafted in the budget before it was published."
Millionday: NOTE -- THE MINISTER OF FINANCE WILL SIGN THE FINAL COPY DUE TO THE NEW GRAPHS AND CHARTS ETC THAT WILL BE PART OF THE FINAL PRINT
Millionday: The President of the Republic Fuad Masum, has ratified the morning of Tuesday, the federal budget for the current year 2015.
It was the voice of the House of Representatives, in January 29 on the draft federal budget for the current year worth in excess of Al119 trillion dinars and a deficit of about 25 trillion.
Millionday: SO TUESDAY PRESIDENT MASUM RATIFIED THE BUDGET AND IN JAN IT WAS STATED THAT IT WAS FOR 119 TRILLION /DEFICIT 25 TRILLION --
Millionday: NOTE -- NOTICE THEY STATE NO CHANGE IN THIS REPORT
.VIP.clay: how will they make up that 25 trillion deficit
Millionday: THEY HAVE STATED IN REPORTS THAT THE TARIFF TAX FROM THE PRIVATE SECTOR AND ALSO GOV MARKET AND SERVICE GAIN FROM GOV SALES ---BANKS-- INVESTMENTS -- ETC -- IMO
Cricket22♥ Millionday: Will the rate for the RV be in the budget before Abadi opens it?
Millionday: I DONT KNOW CRICKET --- I WOULD LIKE IT TO BE LOL
awesomedtl: can we get excited?? lol
Millionday: I THINK THIS IS NEW AND VERY EXCITING -- WE HAVE NOT SEEN THIS BEFORE AND THE MANY THINGS THEY HAVE DONE ARE VERY EXCITING
BUT WE HAVE TO WAIT TO SEE WHAT THEY DO OF COURSE BUT THIS IS HUGE HUGE PROGRESS
dale: I apologize ...... I think you've covered this before, but is there a way for them to fund the budget without an increase in value?
Millionday: THE REALITY VALUE DUE TO THE GLOBAL PRICE INDEX FOR A MARKET ECONOMY WOULD BE NICE TO SEE --
THEY HAVE ALOT OF INTERNATIONAL CONTRACTS AND AGREEMENTS IN THE BUDGET ---
WHAT WE WANT IS TO SEE A MARKET ECONOMY AND KNOW THE TRUE VALUE OF THE DINAR FOR THAT MARKET -- THIS IS FINANCIAL PROGRESS FOR IRAQ –
AND WHAT IS NEXT WOULD TAKE A CRYSTAL BALL BUT WE ARE WATCHING FOR EVERY CLUE WE CAN FIND WITHOUT MAKING THINGS UP OR GUESSING --
STICKING TO THE INK IS WHAT I PREFER
Baxter1243: If they are in the Trillions... then the rate most likely will be the 1166... correct?
Millionday: IF THE VALUE OF THE PURCHASING POWER OF THE DINAR CHANGES AND THE INTERNATIONAL RATES ARE RELEASED IT WILL BE DONE BY ----DATA ENTRY ALL AT ONCE ---
ELECTRONIC CHANGE IN THE MARKET -- INCLUDING THE NEEDS FOR THEIR BUDGET ETC
Millionday: NOTE -- READ EVERY WORD OF THIS AND KNOW THAT I DO NOT KNOW WHAT THIS WILL BRING FOR US --- I WILL NOT CALL IT -- SO KNOW THIS IS A HUGE WHOOPOW
Millionday: WHOOPOW AT LEAST SMILE
Millionday: Attendees praised the decrees opening of TBI, the city of Sulaymaniyah, the role that could be played by the bank to revive the commercial sector and stimulate the domestic market, during this phase, which is witnessing a major financial crisis.
Opened Iawat Mohammed Mayor Sulaymaniyah today Thursday, 2.19.2015 city of Sulaimaniya, Commercial Bank of Iraq, in the presence of a number of stakeholders and specialists in banking affairs, and who asserted that the new bank will contribute to the recovery of the commercial sector in the city.
Millionday: SO OBVIOUSLY THIS IS HUGE FOR KURDISTAN AND IS AN OPENING OF A COMMERCIAL BANK /TRADE BANK OF IRAQ ---
THIS IS GREAT TO SEE AND NOTICE THAT STAKE HOLDERS WERE THERE ALONG WITH SPECIALISTS ETC -- SO THIS IS FOR UPCOMING TRADE -- WHOOPOW
Millionday: HUGE SMILE
Papatom: stake holders = investors????
Millionday: STAKE HOLDERS ARE ANYONE THAT WILL GAIN FROM THE EXPANSION OF THE BANK AND THE MARKET DUE TO THIS GAIN
jtank: WHAT WE WANT IS TO SEE A MARKET ECONOMY AND KNOW THE TRUE VALUE OF THE DINAR FOR THAT MARKET ---how long --years? months?
Millionday: EXACTLY GOOD QUESTION LOL
Comments may be made at the end of Part 2 Thank You