Millionday News 1/27/15 Part 1
Welcome to dinarupdates.com for news time with Millionday!!
Millionday: WELCOME EVERYONE TO NEWSTIME
Millionday: I SAW THIS LAST NIGHT AND EVERYONE WAS GONE BUT LET ME TELL YOU THIS IS VERY INTERESTING --
Millionday: Launch trading of shares of AL-Iraqia for Money Transfer on Thursday Feb 5, 2015.
Millionday: THE REASON IS --- THEY ARE LAUNCHING SHARES ON THE STOCK MARKET FOR THOSE THAT DONT UNDERSTAND --
FOR MONEY TRANSFER COMPANY -----
NOW HOW WOULD THEY BE RAISING IN VALUE UNLESS THEY WERE GOING TO BE ABLE TO EXCHANGE OR TRANSFER?
Millionday: OR WHY WOULD THEY BE LAUNCHING NOW ?
Millionday: BUT WE ARE GOING TO FOLLOW THIS
MGM: Is that an IPO for Al Iraqia news agency?
Millionday: I THINK THIS IS WESTERN UNION -- I SAW IT ON THE SWIFT CODES AND AM NOT POSITIVE BUT THINK IT WAS THE ONE WE COULD CLICK ON WHEN THEY WERE FIRST LISTED AND IT TOOK US TO WESTERN UNION
turman60: could this be for "in country" only?
Millionday: IT COULD UNTIL THEY GOT STARTED WITH FULL SERVICE DUE TO THE OTHER COMPANIES YES
Millionday: NOTE -- THIS IS HUGE WHOOPOW
Millionday: CBI agreed to support the liquidity of commercial banks, and finance the state budget loan amount six trillion dinars, and buy back treasury bonds from the secondary market.
A statement by the bank received "obelisk" said, "The bank has taken these steps in line with the central bank's tasks and responsibilities in support of the development process, and to stimulate the Iraqi economy, and in light of the financial challenges faced by the country."
Millionday: NOTE -- CBI HAS AGREED TO FINANCE THE BUDGET AND PAY FOR THE BONDS IN A BUY BACK -- SMILE
Millionday: According to the statement, the "Bank decided to support the liquidity of specialized commercial banks in the amount of five (5) trillion dinars, to enable them to provide loans to industrial and agricultural and providing housing and real estate loans in support of economic activity and job creation."
The bank also decided to finance the state budget loan amount six trillion dinars run through 50% of the commercial banks' reserves deposited with the Central Bank of Iraq.
Millionday: And on the road to support the State Treasury, the Bank re-buy Treasury bonds from the secondary market, where the central bank will, bought about five trillion dinars, the first stage of those bonds.
The bank stressed that "these actions do not affect the Central Bank of Iraq's Special Reserve."
Millionday: NOTE -- SO CBI HAS UPHELD THE WORD OF IRAQ AND BACKED THE BONDS -- ALSO AS WE KNOW THIS DOES NOT TAKE FROM THE RESERVE--
Millionday: The Central Bank of Iraq announced that he was considering initiatives and actions to promote job development and job creation.
The bank said in a statement that it "teaches important initiatives and actions to promote development and job creation."
The Central Bank of Iraq has decided in an extraordinary session, Sunday, boost liquidity in the banking system and simplify the sale of foreign currency to sustain the stability of the market and exchange rate measures.
Millionday: NOTE -- LOVE TO SEE THEY HAVE FIGURES FOR THE BUDGET
Josie: "CBI HAS AGREED TO FINANCE THE BUDGET AND PAY FOR THE BONDS IN A BUY BACK" "ALSO AS WE KNOW THIS DOES NOT TAKE FROM THE RESERVE" --
So, the CBI able to accomplish this in its' current financial state? Or would they need to Re-Value their currency in order to fullfill this statement based on what our current understanding is on the size and scope of upcoming budget ? Please clarify
Millionday: NOTE -- THEY HAVE RELEASED ONLY THAT THEY ARE GOING TO DO THIS BUT WE DONT KNOW THE DATE -----
THEY ARE TO FINANCE THE OPERATION OF THE FOREIGN OIL OPERATING COMPANIES SO THIS SHOULD BE IN US DOLLAR FOR THE BONDS WHICH THEY HAVE DUE TO OIL SALES –
AND THEY ALWAYS HAVE US DOLLAR AT CBI BECAUSE OF AUCTIONS AND EXCHANGE OF PROCEEDS --- THE FUNDING OF THE DEFICIT WILL BE UPCOMING AS IT IS EXPENSES
Josie: Thank you so much. (That was an awesome news piece, wanted to make sure I understood ramifications)
mrref1216: Iraq would be in bad shape without the USD
mrref1216: The USD keeping them afloat
Millionday: THEY WILL ALWAYS HAVE DUE TO THE HUGE AMOUNT OF OIL THE COUNTRY PRODUCES
Millionday: Economic Forum the morning listening to the interventions of businessmen about their vision to how to activate the productive sectors and raise contribution rates in the gross domestic product.
In the experience of not less important than its predecessor has invested occur in more than one project businessman Essam al-Asadi project Pepsi-Cola locally produced great success achieved so could this local product to penetrate the markets of the neighboring countries over the request to export more than 500 000 cartons,
but the import department procedures and export prevented that, but I draw the attention of gentlemen officials to The opening of import of such a product in large quantities is not relegated to the feasibility and most importantly discharge our products local here, rather than export them to a competition and high quality specifications and
Millionday: NOTE -- THEY HAVE PEPSI THERE AND HAVE NOT BEEN ALLOWED TO EXPORT YET -- WOW
Millionday: concluded by saying that today we need real protection for our products that we want to bring life to our projects stalled, it is true that privatization is an effective method to increase production but collide chaos imports random,
and said I missed to mention that this project has provided 35 000 jobs You can imagine the importance of private sector investment in such circumstances.
Thus, the Forum "Economic morning," a platform that brought these ideas, sounds and successful solutions to the government and the parliament to be a partnership successful and Namad together in order to cope with the economic crisis and undermine the effects of the painful capabilities of the sons of the country's businessmen, traders and industrialists.
Millionday: NOTE -- THIS IS THE ECONOMIC FORUM THAT HAS ALL THE BUSINESSMEN AND ALSO THE ECONOMIC EXPORTS ETC
Millionday: NOTE -- THEY ARE SAYING THAT THEY CAN NOT WORK WITH NOT BEING ABLE TO EXPORT AND MANY JOBS AT PEPSI RELY ON EXPORTING
Millionday: enable the private sector and the Minister of Health, Dr. Adela Hammoud was support to put in detailed to enable the private sector to take its role in the implementation of investment projects and to create an appropriate atmosphere to attract cutting-edge technology,
especially as the investment companies Local and international implementing various projects of the Ministry of Health whether hospitals or medical clinics world-class. expert Shan economic Akram Abdul Aziz said the work programs,
including the privatization of the world have achieved great successes, pointing out that it adopted after select a time horizon beginning and end and began to scan comprehensive fixed and variable assets and account social cost low for it and the adoption of a trade-off criteria for applicants from the private sector for investment opportunity in this aspect.
Millionday: NOTE -- THE MINISTER OF HEALTH IS SAYING ALSO THAT THEY NEED INVESTMENT TO BE ACTIVATED SO THEY MAY TAKE IN ADVANCED TECHNOLOGY AND ALSO RECOMMENDED TO HOLD WORKSHOPS AND BE A PLACE TO BRING IN EXPERTS AND ACHEIVE HUGE PREGRESS IN HEALTHCARE TECHNOLOGY --(THEY ARE TALKING ABOUT RAISING THE GDP)
Millionday: She pointed out the importance of benefiting from the experiences of some countries that have been developed mechanisms for the implementation and administration of the subject and formed a higher council for privatization and an executive body it means Aspects Legal ensure application obligor and the adoption of a fund to manage privatization revenues,
as well as a perception of insufficient according to the nature and circumstances of the economy to achieve this purpose, noting that this approach you will be selling or partially approach to management contracts and concession or rent, and so it will be under the state umbrella for companies and destinations
Millionday: NOTE -- THIS WOULD BE AS A MEETING PLACE AND NOT CAUSE HUGE EXPENSES TO BEGIN WORKSHOPS -- SO SHE IS SAYING THAT IT WOULD HELP IN REVENUES AND NOT EXPENSE
Millionday: Director General of Iraqi Bank of Commerce Hamdiya Dry said that the adoption of advanced banking systems in modern societies have a role foundation to attract depositors, which constitute an important aspect in the money supply to serve borrowers who represent the demand side of this money.
The banking system represents the container is important for all savings and convert them to create financial strength to support investment and get the economy moving (as dry) also rests with the banking system,
the task of heading to the financing of the most efficient and productive projects through Mtaav device can play this important role in a positive atmosphere to be able to provide an encouraging environment for investment in accordance with modern laws in line with the new orientation of the system Economic.
Millionday: NOTE -- THE IRAQI BANK OF COMMERCE IS SAYING THAT THE BANKING INDUSTRY WILL ALSO RAISE THE GDP FROM INVESTMENTS DUE TO THE EXCHANGE SERVICES AS WELL
Millionday: It showed that deficits Iraq budget and free of allocations by the investment may be a golden opportunity for the private sector, accompanied by the banking system for the purpose of bridging this gap by harnessing all possibilities in order to rotate the wheel of the economy.
stressed the importance of activating the fund include public and private banks, banner that it requires serious cooperation between government banks, led by TBI, including the attributes of the technical possibilities of international relations and wide have the ability to attract investors from banks and foreign companies
if supported by the relevant authorities as well as cooperation with private banks and so we can N'Dour industrial and commercial projects Resume capabilities of These banks combined.
Millionday: SO THEY ARE SAYING THAT THE BANKS WILL ALSO BOOST THE ECONOMY WITH INTERNATIONAL INVESTMENTS DUE TO THE LACK OF DEFICIT THEY SAY THIS IS A GREAT TIME TO ACTIVATE THE INTERNATIONAL INVESTMENT--- IT WOULD BE A GREAT TIME WITH THE ECONOMIC CONDITION OF THE GLOBAL ECONOMY ---
Millionday: WHOOPOW I SAY
Millionday: WAIT UNTIL YOU SEE ALL THE ACTIVATIONS -- SMILE
Holly1: now is in now whoopow!
Millionday: I KNOW RIGHT AND THEY HAVE A HALF A MILLION CASES WAITING TO GO TO NEIGHBORING COUNTRIES
Millionday: THAT WOULD MEAN A MARKET ECONOMY AND THEY HAVE ALL THOSE PEOPLE WORKING IN EXPECTATIONS -- WHOOPOW
dinar dave: Ford & Bridgestone I bet want that fixed
Millionday: I BET MANY DO - LOVE IT
Millionday: parliamentary Finance Committee, on Tuesday, for completion of the draft federal budget for the current year law within hours, he did not monthly grant for university students Cancel.
The committee member said Masood Haider Rustam in an interview / Baghdadi News / "The committee is now discussing the latest proposals on the federal budget law," expected "the completion of the federal budget bill during the evening."
"The Commission has completed the budget report fully," noting that "the doors fixed in the budget is still valid in the new draft law, including the monthly grant university students that has not changed so far."
Millionday: WHOOPOW –
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