Millionday news 10/30/14
Welcome to dinarupdates.com for news time with Millionday!
Millionday: LET ME TELL YOU THAT YOU REMEMBER THAT THEY ANNOUNCED THAT GOV PLANS ARE BEING LAUNCHED AND ALSO THAT PARLIAMENT WAS WORKING TODAY
Millionday: THIS IS A MAJOR ANNOUNCEMENT MADE TODAY
Millionday: Metal coins from the category of 25 fils were in circulation until the nineties of the last century
Nora Albjara member of the committee of economy and investment in the House of Representatives revealed that the central bank completed its preparations for the issuance of metal coins of seven small groups, in conjunction with the implementation of the project to delete the three zeroes from the paper currency is currently in circulation.
Millionday: NOTE -- 7 COINS THEY HAVE MADE (FILS)
Millionday: CBI MADE A HUGE ANNOUNCEMENT THAT THEY ARE RELEASING THEM -- SMALL DENOMS -- AND ALSO REMOVING THE THREE ZERO CURRENCY
Millionday: She said in her statement Albjara Radio Free Iraq, "said the project will take between four and five years, and which will be the launch of the categories of small coins gradually."
He predicted the financial expert Hilal Taan inflation rate declines, with the issuance of metal coins of small denominations in the daily financial transactions, remarkable that 3% of the value of inflation in Iraq due to the presence of large cash block.
Millionday: NOTE -- ONE OF THE TOOLS USED TO CONTROL INFLATION IS CURRENCY AND PRICING –
THEY EXPECT WITH SO MUCH ON HAND DUE TO THE RELEASE THAT INFLATION WILL BE 3% IMPROVED
Millionday: 3% IMPROVEMENT /DECLINE IS HUGE
Millionday: The economic expert on behalf of Jamil Anton, noted that he may not find coins accepted by a lot of Iraqis, especially young people,
due to the existence of an entire generation of Iraqis had not trading coins due to stop use since the early nineties of the twentieth century.
Millionday: NOW ABOUT THREE OR 4 YEARS AGO SALEH STATED THAT THE NATURAL ECONOMIC CONDITION THEY ARE STRIVING FOR IS ABOUT WHERE THEY WERE IN THE 90S --
Millionday: THE RATE IS NOT GIVEN AND I WAS WORKING ON SOME STATS BUT -- IT WAS IN THE 3S THEN
Millionday: NOW ALSO --
Millionday: THE STRATEGIC FRAMEWORK AGREEMENT INCLUDED ALOT WHEN IT WAS WRITTEN AND AGREED ON
Millionday: WE HAVE WATCHED MUCH OF IT COME TO FRUITATION WITH WEAPONS SOLD AND PLANES ETC -- ALONG WITH PORT CONTRACTS AND OTHER CONTRACTS BUT
Millionday: PART OF IT ALSO REFERENCED THE CONSTITUTIONAL AGREEMENT FOR THE IRAQIS TO MOVE TO A MARKET ECONOMY -- GLOBAL
Millionday: The head of the federal judiciary Judge Medhat al-Mahmoud, on the importance of completing the implementation of the strategic agreement between Iraq and the United States in the field of justice and law enforcement.
Judge Mahmood, who met with the US ambassador in Baghdad, Stuart Jones called for "continued cooperation between the two countries in order to achieve the common interests between the two."
Millionday: US Ambassador praised Jones for his part as "the performance of the Iraqi judiciary and judicial cadres at a time the country is going through a difficult security conditions,"
asserting that "Washington's support for Baghdad in various areas, including support for the independence of the judiciary and law enforcement."
Millionday: SO THIS IS OBVIOUSLY TALKING ABOUT THE LEGAL SIDE OF THE SFA AS WELL –
ACTIVATION AND ITS IMPLEMENTATION –
ALONG WITH THE MOVE ANNOUNCED TO HOOK GLOBAL BANKS TO THE IRAQI MARKET AND VICE VERSA -- THIS IS GETTING GOOD !!!
Millionday: NOW ALSO REMEMBER THAT THE EMERGENCY BUDGET IS VERY CLEARLY THE LAST TWO MONTHS OF THIS YEAR 2014 --
Millionday: I WOULD LIKE TO SUMMARIZE A COUPLE MORE THINGS AS WELL
Millionday: YESTERDAY -- CBI ANNOUNCED THEY ARE MAILING OUT THE VISAS FROM THE BANKS THROUGHOUT THE COUNTRY SO THEY CAN USE THE BANKING SERVICES –
AND ALSO THE SMART CARDS ARE READY AND BEING DISTRIBUTED AS WELL
Millionday: OF COURSE THE SMART CARDS ARE FOR THE SOCIAL SECURITY THEY ANNOUNCED THE DAY BEFORE WAS BEING IMPLEMENTED WITH THE PENSIONS --
Millionday: HOWEVER -- THEY MADE IT VERY CLEAR THAT THE VISAS WILL BE ABLE TO BE USED GLOBALLY AND THE IRAQIS WILL BE ABLE TO EXCHANGE FOR THE COUNTRY THEY ARE IN AT THAT TIME WITH THE VISA OR SMART CARD (IT IS MANAGED BY VISA)
Millionday: THIS WAS ALL IN INK – SMILE BRB WITH MORE
Millionday: THIS HAPPENED TODAY AND IS VERY IMPORTANT AS IT IS FOR THE EXACT ISSUE THEY WANTED RESOLVED BEFORE THE REVALUE OF THE DINAR
Millionday: Finance ministers from over 51 countries signed an agreement in a step closer to ending the dark financial underworld of tax-evasion and money-laundering. Another 30 countries pledged to join by 2018.
The deal is called the Multilateral Competent Authority Agreement and will look to build a collective exchange of bank accounts, taxes, assets, and income held outside local tax jurisdictions.
Millionday: NOTE -- REMEMBER THAT THIS IS ABOUT THE ACCOUNTS ABROAD
Millionday: SWISS -- ETC
Millionday: The two-day summit was organized by the Organization for Economic Cooperation and Development (OECD) and the Global Forum on Transparency and Exchange of Information for Tax Purposes. It was hosted by German Finance Minister Wolfgang Schauble and held in Berlin.
"Banking secrecy, in its old form, is obsolete," German Finance Minister Wolfgang Schaeuble said in an interview in Bild on Wednesday.
The practice is "no longer appropriate at a time when people can transfer their money all over the world at the press of a button via the internet," said Schaeuble.
Millionday: NOTE -- THE TIME LINE IS HUGE AND GREAT WITH THE HUGE ANNOUNCEMENT FROM CBI
Millionday: Germany is a staunch opponent of Bank secrecy by geography. On its southern border lie historically secretive Austria and Switzerland, and on the western frontier is Luxembourg, also known for its tight-lipped financial institutions.
Members like the Cayman Islands, the Virgin Islands and Liechtenstein – all notorious for being tax havens, signed the agreements.
Asset hideouts like Austria, Switzerland, and the Bahamas didn’t sign the agreement itself, but promised to join the initiative by 2018.
Millionday: NOTE -- TAX MINIMIZING AND RIGHT OFFS ARE SMART LEGALLY -- TAX AVOIDING IS NOT A GOOD IDEA
Millionday: NOTE -- READ THE FIRST LINE AND THINK IF THIS WOULD BE IN PLACE BEFORE THE DINAR WOULD BE EXCHANGED HERE OR AFTER -- SMILE
Millionday: The new American anti-secrecy measure, FATCA, added a sense of urgency to the debate.
FATCA legislation, signed into law in 2010 and enacted on July 1, 2014, requires overseas financial institutions to identify their American customers to the IRS. The law applies to any account with more than $50,000.
Millionday: URGENCY? NOW THAT WE LIKE
Millionday: SO UNDERSTAND THAT CBI HAS ANNOUNCED THIS WEEK THAT THEY ARE READY TO MOVE FORWARD WITH THE MONETARY POLICY AND REFORMS IN PLACE INCLUDING BANKING REFORMS
AND TODAY THEY HAVE THE 7 DENOMS OF COINS READY AND ALSO THE SMALL DENOMS AND STATED THEY ARE IMPLEMENTING THE REMOVAL OF THE THREE ZERO CURRENCY PUT ON THE STREETS 11 YEARS AGO ---
THIS SHOULD TAKE ABOUT 4 TO 5 YEARS BEFORE ALL OLD 50S AND SOME OTHER DENOMS TO MAKE IT OFF THE STREETS ENTIRELY
Millionday: SO THIS MEANS THAT THEY EXPECT IT TO TAKE A WHILE FOR ALL TO BE EXCHANGED BUT THIS IS NOT OUR REGULATIONS OR TIMELINE -- THAT IS NOT RELEASED YET
Millionday: MY FAVORITE PART COMING UP
Millionday: NOTE -- REMEMBER WHEN CBI ANNOUNCED AFTER MEETING WITH ALL BANK LEADERS THAT THE MONETARY POLICY AND CURRENCY REFORM WOULD BE DONE IN STEPS AND IT WOULD BEGIN WITH THE WORKSHOP--
Millionday: Nora Albjara member of the committee of economy and investment in the House of Representatives revealed that the central bank completed its preparations for the issuance of metal coins of seven small groups,
in conjunction with the implementation of the project to delete the three zeroes from the paper currency is currently in circulation.
Millionday: (FAVORITE PART) WHOOOPOW
topgun: Back to the old question: Will there be a time limit to turn in our DINAR? How much time do you think we will have to turn in our DINAR?
Millionday: I WONT GUESS HUN BUT ALL THE REGULATIONS WILL BE GIVEN TO US WHEN THE INTERNATIONAL RATES ARE RELEASED TO THE MARKET
Millionday: WE WILL KNOW HOW LONG WE HAVE -- AND ALL THE RULES ETC
louigi: ????? is there really anything to the lop scenario thanks MD
Millionday: NO A LOP IS WHEN THE PRICES -- CURRENCY-- AND THE INFLATION –
ALL HAVE 3 OR 4 OR 5 ZEROS THAT CAN BE TAKEN OFF FROM ALL THREE -- IRAQ DOES NOT QUALIFY
Millionday: You can divide currencies into four categories:
Legal tender currency (notes and coins) that are still in use.
Millionday: 2, Legal tender currency that is outmoded. These are coins or notes that still have legal tender status, but have dropped out of circulation.
For example, Silver Certificates are still legal tender in the United States (as are all banknotes issued since the Civil War), and though they could be used to pay a debt, you are unlikely to get one in circulation. In most cases, the currency has a greater numismatic value than legal value.
Millionday: 3, Demonetized but redeemable currency no longer has legal tender status, but the issuer, usually the central bank, will exchange the notes and coins for the current legal tender.
For example, German Marks ceased to be legal tender on January 1, 2002, but the Bundesbank has placed no time limit on converting Marks into Euros
jtank: 3 is ours
Millionday: YES IT IS SO WE WILL SEE WHAT THE REGULATIONS ARE AND FOLLOW THEM BUT PLEASE EVERYONE MAKE SURE ANY GAIN YOU HAVE AT ANYTIME IN LIFE –
KNOW THE REWARD IS NOT WORTH THE RISK OF NOT PAYING TAXES --
Millionday: SO AS WE SEE -- CBI IS READY WITH 7 COINS (FILS) AND SMALL DENOMS -- WHOOOOPOW
Papatom what you are saying about taxes...... think about this...
the US treasury can have the IRS freeze your assets with no cause
Millionday THAT SOUNDS SO UGLY
Papatom that is the truth, you have to prove your innocence
Millionday EXACTLY -- THE KEY TO EVERYTHING IN LIFE IS BEING LEGIT