Millionday News 4/15/14 Part 1
Welcome to Tuesday Night News Time With Millionday!
[millionday] here we go
[millionday] this is very important and is about the rv many have seen it but lets tear it apart
[millionday] here we go -- Baghdad - represents the economic stability of any country component of equal opportunities for the supply and demand for services in it, where he sees an economist that the presence of stability as well as to isolate external influences and minimize the national economy and revitalize the work of the productive sectors and solving economic problems internal push towards strengthening and enhancing the value of the dinar.
[millionday] note --supply and demand is a market economy
[millionday] overall stability, said economic expert, Dr. Majid picture that the economy is affected by a factor of stability is totally reflected directly on the value of the currency as well as the presence of internal and external influences play a role in determining that value. He added picture in a statement (morning):
millionday] note -- economic stability is the reality rate or value and what it does for the entire nation
[millionday] The amount of cash reserve represents bumper biggest fluctuations in oil prices follows affect the fluctuation of the exchange rate where it not for the strength of the amount of the reserve sovereign to the value of the dinar.
purchasing power and has a cash reserve of the dinar - as announced recently - more than 80 billion dollars paving the way to be because of the Iraqi currency purchasing power larger than it is now, as well as that it will contribute significantly to raise its value against other foreign currencies.
[millionday] note -- the reserves they have gotten are to raise the value of the dinar and the international rates -- and that is the whole reason -- for the rv
[millionday] note -- this is talking about how after the rate is set the rate will also raise due to the global market
[millionday] In a time when cash reserves of some countries declines or great heights of a sudden, the cash reserves of the Iraqi paced a solid upward stable away from the fall or the sudden rise.
economic reforms and pointed out the picture that enhance the value of the dinar comes by isolating external influences and mitigate the effects of Internal factors of instability in things in general and economic chaos, as the increased demand for goods and services lead to increased demand for the dollar.
[millionday] note -- as they have seen the call for products in the past has raised the need for the dollar when they were using that -- the citizens will see that happen with the dinar as well
[millionday] and so will we -- smile
[millionday] stressed that economic development impact of the strengthening of trust and strengthening of the dinar itself, where the economic reforms and the elimination of the problems that hit the Iraqi economy represented by unemployment and the housing crisis, poverty and diversify the services that will balance the need for services in the home,
explaining that the activation of the productive sectors will greatly help to provide employment opportunities that reduces imports.
[millionday] note --- the reforms etc that we will see now -- will show the raise as well as the added confidence -- as with our market -- confidence effects the call for the currency and also will raise their market as well (isx)
[millionday] note -- the confidence from the reform and rv will add greatly to that confidence throughout the globe
[millionday] domestic production and stressed that offers the possibility of parallel supply and demand for goods and services and local production within Iraq will lead to enhance the value of the dinar, adding that the currencies of other countries as dollar, euro, yen and the yuan and other currencies derived its strength in the currency market of the power economy of their countries.
[millionday] note -- as we have read in the past from press releases -reports -- the EVENT will change the economic stability of the globe as well with the new market abilities for all
[millionday] note -- saddam was the first to change the pay for oil to be in USD and started using dinar --- the oil exports will add to reserves and also they will gain becuase cbi exchanges it to dinar
[millionday] They also did not get the position, but to solve its economic problems of the Interior. dollarization and hinted the picture that dollarization phenomenon in Iraq, something naturally, especially that all imports of external financial relating to oil is in U.S. dollars, and therefore linked to the national economy in this currency is very large because of all exports and imports in dollars.
[millionday] note however the national currency is dinar so dollars go to CBI
[millionday] added that the phenomenon of resorting to the dollar and Aktnazha linked to the weakness of the local currency and to go to a strong currency in which the trust to be saved, stressing that confidence in Iraqi dinars strong at the present time, because it has a reserve of sovereign strong
[millionday] note -- as we have stated -- when the dinar will buy for the citizens more than the dollar they will stop using them naturally on the black market etc
[millionday] SMILE >>>>revaluation was an academic economist earlier called for those in charge of the economic sector in Iraq to re-evaluate the value of the currency after it enhances the cash reserve quantities of gold.
said Dr. Majid Baidhani he supposed After adding about 1.5 billion dollars to the Central Bank reserves to rise the value of the dinar to a higher level compared to its exchange rate against the dollar,
[millionday] note -- gold reserves have been brought in and have been raised [millionday] BEST PART
[millionday] BEST PART
[millionday] BEST PART
[millionday] praising the procedures followed in the context of monetary policy, stressing the need to speed up the move to re-evaluate the dinar to strengthen the foundations and pillars of the national economy.
should be noted that the bank Central boosted its reserves of gold to up to 90 tons after announcing the purchase amounts of it for the purpose of selling them to the public in support of enhancing the value of the local currency.
Richard Incrocci] Whoopow[carpet] question/ is this the cbi talking or do they back this up?
[quicktolegit96] So all we do is wait? lol
[millionday] we are so good at it
[wmawhite] millionday .....key word.........RE-EVALUATE.
[millionday] smile key word -- HURRY lol
[ROBINREDHED] question/ is this the cbi talking or do they back this up?
[millionday] yes CBI has announced they are in the middle of doing just this -- applying the monetary policy whoooopow so obviously this is good smile
[boomshakalaka] MD - is that a flip of the switch or another series of hoops?
[BGG] Also the lead story on THE BLOG today Huge News.
[millionday] this is what they are working toward right now
[millionday] we had a report about a month ago that was a press announcement stating that all banks were ready and right now they were to begin the steps planned to get to the entire monetary policy done
[millionday] one of those steps is to rv the dinar by what we see in ink
[millionday] and by what we hear see and read etc etc and know brb with more
[millionday] this is a statement from Turki - Iraqi Central Bank Governor agency Abdel Basset Turki, on Tuesday, did not support the theme of the feet Iraq to borrow from the World Bank to bridge the shortfall to balance the current year,
indicating that the borrowing would reduce the deficit for the current year only, while resulting in a deficit bigger in the coming years
[millionday] note -- Turki is stating that he wants no money borrowed from the world bank !!
[millionday] He said Turkish for "tomorrow's Press", "The program proposed by the Ministry of Finance to fill the budget deficit for the current year through access to external financing is not feasible,"
noting that "the financing of the deficit in ways that external would reduce the deficit for this year only, while resulting in a deficit bigger in the years to come.
[millionday] note -- he is stating to carry this year through due to the time frame to gain etc due to how long they are taking -- borrowing money is not the solution -- so he must see revenues coming
[millionday] Adding that "the central bank suggests compression expenses and reduce the gap in the deficit before considering obtaining external funding."
He was Minister of Finance and serenity net debt agency announced, last Sunday, that Iraq presented a program of the World Bank intends it to get a loan to bridge the shortfall in the budget for the year Current, while noting that there are talks with the bank to provide financial liquidity for projects if they are not provided by the government.
millionday] note -- the year is getting away from them for revenues from private sector and also taxes etc -- but he says the projects they are worried about they just need to wait or make money stretch for a minute
[millionday] now look at this
[millionday] Mention that Finance Minister Ali Shukri announced in October 2013, ending the draft budget for Iraq Federal for next year 2014, which will amount to 174 billion U.S. dollars.
It is noteworthy that the state budget for the current year did not acknowledge until now been sent to the government for nearly three months to the House of Representatives and is awaiting inclusion on the agenda, while stalling the Presidency for inclusion due to the lack of agreement of the political blocs on them.
millionday] note -- he is saying that the budget is coming and so that will solve and resolve --- that tells us once again --- when the budget hits -- many things will come all at once
[swan2013] so if Turki is saying we are close are we?
[millionday] swan2013 he is the one with the ability to revalue the rate
Comments may be made at the end of Part 2 Thank You