Millionday News 5/19/15
Welcome to dinarupdates.com for News Time with Millionday!!
Millionday: NOTE -- THIS WAS POSTED AGAIN TODAY BY THE BANK
Millionday: Rafidain Bank announced, on Saturday, announced the launch of MasterCard service E-retirees who are out of Iraq through its branches located there.
The general director of the bank on behalf of Kamal al-Hassani said in a statement responded to Twilight News, that retirees who are outside Iraq, they can become been paid through this service.
He noted that a retiree has the right to go to any ATM receipt of the same amount and currency of the country, who is there.
Millionday: SO THEY HAVE REPORTED THIS AGAIN AND HAVE A SEPARATE REPORT STATING THE SAME THING ABOUT INSIDE OF IRAQ AS WELL
jarhead: why twice mam iyo
Millionday: I AM NOT SURE TOLD TO STOP REPEATING THE OLD WAS THE LAST REPORT SAW ABOUT THIS
beth: So if they were to get paid lets say 1000 dinars per month and they came to the USA they would only get .85 at the ATM machine. Right?
Millionday: OR HOWEVER THE CALCULATION GOES -- IT WOULD GO BY THE EXCHANGE RATE IN PLACE AT THE TIME THEY ARE TRYING TO EXCHANGE AND WHAT THE BANK TELLS THEM
rvsandy: Has there been any verification as to When it will happen or has happened ?
Millionday: RV SANDY -- THEY HAVE STATED THAT IT IS LAUNCHED BUT HAVE MORE ON IT TONIGHT
Bax: This service is just at Rafidain branches...correct? the first paragraph says its branches...located there... Like Rafidain in the U K? In other words. this is not Global at any ATM..
Millionday: THE CARD IS REPORTED TO BE GLOBAL AND ABLE TO BE USED
Bax: HMM...well... I guess I can disagree... thx..
Millionday: AT ANY ATM --- SO THE AMOUNT WOULD BE THE EXCHANGE RATE AT THAT TIME -- WHEN IT IS ACTIVATED
Millionday: THE THING IS THAT THE SMART CARD IS EXPECTED TO BE USED FOR SECURITY IN GLOBAL BANKNG SO THIS IS LARGER THAN MOST THINK AS FAR AS NEWS GOES
TBolton: HI MD! Thank you for taking my question.
With all of the issues in Iraq, especially surrounding time, security, and lack of funding (and need of funding for the military backing), it seems to me that Iraq would need to RI/RV really quickly- (like days...)
We know this- IRAQ KNOWS THIS EVEN BETTER. There MUST be something else very important that is needed prior to the RI/RV -- or are we in Dinarland missing something?
Also, I think the statement of honoring the IQD value even outside of Iraq on the MasterCard with Rafidian bank is an agreement with Rafidian bank- not an INTERNATIONAL agreement. The card can be used at ANy ATM- but agreed with Rafidian bank. However, this should make the RI/RV one step close- one would think
If the RI/RV has been launched in IRAQ, for it to be international- would there not be more of an international statement/release? like on their website or something?
Millionday: THIS IS THE THING
Millionday: THE TWO ARE BEING CONFUSED -- INTERNATONAL EXCHANGE RATES FROM THE INTERNATIONAL EQUATION ARE TOTALLY DIFFERENT THAN THE VALUE OF THE DINAR IN COUNTRY AND COST OF LIVING
TBolton: yes, I understand. But the CBI should announce the rate~ correct? Or am I confused?
Millionday: THE BANK IS LAUNCHIING THE MASTERCARD SYSTEM --THE ACTIVATION OF THE CARD AND THE ACCESS TO THE FUNDS ARE NOT THE SAME AS THE LAUNCHING
Millionday: HOWEVER THINK ABOUT THE LIST OF ALL THE RECIPIENTS AND ALSO THE WORK THAT HAS TO BE DONE AND HAS BEEN DONE –
THIS IS MAJOR NEWS FOR IRAQ TO HAVE A GLOBAL CARD COMING BACK ON TO THE MARKET --- AFTER ALL THESE YEARS / WOW
Millionday: BEFORE THE RECIPIENTS ARE ABLE TO USE THE CARD ---THEY WILL HAVE TO KNOW HOW MUCH THE CURRENCY THERE IS WORTH PAIRED TO THE DINAR
maine: so could we say delivered but not activated?
Millionday: MAINE -- YES ---- THE CARDS COULD BE SENT WITH MORE INFO TO FOLLOW - IT HAS HAPPENED BEFORE
hstrymknwmn: I saw an article from back in Nov I think that MasterCard put out stating the 3 zeroes and launch of the MC would be together. I would have to look it up and find it but I did read that. Have you seen that Millionday?
hstrymknwmn: Ive been looking for it I should say that was my paraphrase..
Millionday: YES I SAW THAT REPORT AS WELL -- IT SEEMED TO BE STATING THAT ALL WOULD BE DONE AT THE SAME TIME AND ACT THAT IS IN THE DIRECTION OF THE MONETARY REFORMS AND POLICIES --
hstrymknwmn: that is quite encouraging to me to see the launch then
Millionday: I AGREE -- THERE ARE ALOT OF THINGS THAT HAVE BEEN STATED TO BE PART OF THE NEW POLICIES ETC --- SMILE EXCITING
Millionday: Central Bank of Iraq has decided for the first time in its history, opening its vaults and start lending sector and civil government banks amount up to $ 5 billion.
The central bank's decision in response to the request of Parliament who expressed fear of a recession these institutions after the cessation of activity confined ERA hard currency government yield to the Central Bank .
Millionday: NOTE -- THIS IS DIFFERENT --THAN THE BANK LOANS
Millionday: So the governor of the bank on the Keywords explained that the powers of the Bank is responsible for monetary policy, intervention in cases of financial and monetary crises in order to maintain the stability of the domestic market and the price of the currency exchange,
and strengthen the banking structure of the State and credits include agricultural, industrial, housing and mortgage bank.
Millionday: FOR THE PROVINCES FOR THAT LEVEL OF BUDGET FUNDING (GOVERNMENT) ---
SO THIS IS THE OPENING OF THE BUDGET IMO -- BUT THEY ARE CALLING IT LOANS -- SMILE
Millionday: READ EVERYWORD OF THIS AGAIN >>So the governor of the bank on the Keywords explained that the powers of the Bank is responsible for monetary policy, intervention in cases of financial and monetary crises in order to maintain the stability of the domestic market and the price of the currency exchange, and strengthen the banking structure of the State and credits include agricultural, industrial, housing and mortgage bank.
Millionday: AS WE SEE -- THIS IS ONCE AGAIN FOR THE DIVERSITY WE HAVE READ ABOUT AGAIN
Loopback: It seems to me that they would have to be confident with the reforms that have been put into place to make a move like this.
Loopback: Banking reforms
Millionday: I AGREE -- THE EXPENSE OF JUST THE PROMOTING AND TRAINING ALONE ISNT SOMETHING THAT CAN BE TAKEN LIIGHTY -- AND THAT COULD BE FOR ANYWHERE ON THE GLOBE AT THE POINT
Millionday: HERE WE GO WITH A HUGE REPORT - MEANING A WHOOPOW -- SMILE
Millionday: NOTE -- THIS IS TALKING ABOUT THE HUGE ECONOMIC REPORTING THAT HAS TAKEN PLACE BY THE GAZETTE --- THE MANY REPORTS WERE ACCOMPANIED BY THE PROCESS OVER THE YEARS OF MOVEMENT TO THE MARKET ECONOMY -- WOW
Millionday: It is their contributions to cover most of the forums, workshops and seminars in the country during this period and was able to deliver solutions and treatments to decision-makers or those in charge of economic decision-making through the transfer of the views of economists and money.
The magnitude of the challenges faced by the Iraqi economy and the requirements of the solutions was and is great I took economic morning on the responsibility of the link between specialists and experts on the one hand and government and legislative bodies of the other side and it was a lot of action and solutions goes on in the light of the data interviews the morning with experts and transfer their views on them.
Millionday: WOULD LOVE TO HAVE COPY OF THAT WHOLE GAZETTE
Millionday: confident steps pursued by the morning in dealing with the economic event had a profound impact in broadening the base of the morning relations news sources and information as Page committed manner constructive dialogue and characterized fit literary discourse media committed,
especially in the areas of cash and diagnose bugs and mistakes are peppered recipe neutrality in dealing with some of the economic debates between the public and private sectors, and managed in a lot of cases the convergence of views on some of the differences and resolved to the fullest.
Millionday: SO THE NEW THE LAYOUT OF THE CELEBRATION OF THE ANNIVERSARY OF THE INCORPORATION TO
Millionday: PAVE THE WAY TO THE ECONOMIC REFORM THAT WE HAVE BEEN SITTTING HERE WAITING FOR -- SO
Millionday: THE GAZETTE HAS BEEN CHANGED AND IS THE TURNING OF A NEW PAGE -- SO THIS IS HUGE AND TO KNOW ALL OF WHAT THIS MEANS IS TOO MUCH BUT
Millionday: WILL SAY THIS
Millionday: TODAY IS THE DAY THAT THE "IMPORTANT LAWS" WERE TO BE VOTED ON-- READ -- OR WHERE EVER THEY WERE WITH IT IN THE PROCESS -- THE HCL IS TO BE ON THURSDAY ACCORDING TO REPORTS
Florida Country Girl: so is this setting the plans for a celebration, or just saying celebration to come?
Millionday: THIS REPORT DOES NOT STATE EITHER WAY BUT
Millionday: I DO NOT HAVE IN INK BUT WOUD THINK THAT THIS IS GOING TO BE A PART OF SOME OF THE ANNOUNCEMENTS THAT WILL BE MADE AT THE NATIONAL RECONCILIATION CONFERENCE ----
Millionday: I COULD BE WRONG BUT IT MAKES SENSE TO ME
jeffusa Millionday: which is when?
Millionday: THE ANNOUNCEMENT THERE STATED THAT IT WAS AFTER THE IRAN VISIT BUT NOT AN EXACT DATE
jeffusa Millionday: ok... thanks... thought I read it was to be Sunday...but I could not find that article
Millionday: YW ALL THE TME -- I COULDNT FIND IT EITHER
jarhead: they want iran to intervene in Ramadi
jarhead: fox news
Millionday: WHO DOES ?
jarhead: iraq ...on fox news mam
Millionday: THANK YOU FOR THE INFORMATION
Bax: anything on the Natl Guard and Investment laws.. I just got my internet back.sorry
Millionday: I WAS NOT ABLE TO VERIFY IT IN ORDER TO CALL IT FACT SO I WILL SEE YOU AT ROUNDTABLE AND HAVE MORE ON IT I HOPE