millionday] the exchange rate being set in the market allows us to want to exchange when it is a reality rate but no -- the 13303 allowed us to buy dinar when it was not on the forex market by agreement between countries
[millionday] ok is that all ???
[millionday] yw all the time hun
[ROBINREDHED] looks like we are clear
[ROBINREDHED] coolspot go
[coolspot] After 22nd May 2014 and no RV can we continue to buy Dinar?
[ROBINREDHED] coolspot good question
[millionday] that depends on the money market companies and rules set for the dinar -- regulations
[ROBINREDHED] it was taken off the ofac list
[ROBINREDHED] i cant see why we would not be allowed to
[millionday] i would say that is a great question too --- my answer is that they would seem to extend it if that was going to be the issue but we shall see
[ROBINREDHED] scottiegirl go
[scottiegirl] Are they letting that expire in expectation of an RV?
[jtank] That would be smart
[millionday] the purchase of the market companies as in dinar corp for example -- would be for us to buy
[millionday] i would say that is how it appears -- it has always been extended in the past --- the thing is that they are now planning on paying their debt and that would be in reality rate or they would be wiped out currency wise
[ROBINREDHED] coolspot go
[Richard Incrocci] It would be nice to know when they plan on paying these debts so that we could get an idea of an actual time frame of the new exchange rate
[coolspot] If you are believing it will be controlled by the Money Market Companies, would it not be an international currency?
[wmawhite] Richard Incrocci .......IMO...the time frame/agreements to settle their debts are not related to when the rate will change.
[millionday] the dinar is sold right now by the money market companies and it is at the rate it is -- so with the 13303 out -- i would say that it would be internationally recognized and on the market -- however what they have for sale they could sell
[wmawhite] coolspot coolspot ...we will not exchange at the new reality rate until the IQD is an international recognized/traded currency.
[millionday] can you all see me ?
[ROBINREDHED] millionday i can
[millionday] Hashemi signed Training Center Financial and Accounting of the Ministry of Finance memorandum of cooperation with the National Center for Administrative Development and Information Technology of the Ministry of Planning and Development Cooperation to develop expertise and staffs training to employees of departments and ministries through the centers.
[millionday] explained general manager of the training center financial and accounting Dr. Sabah al-Qaisi told (morning) during the signing of the memorandum on Wednesday: that the agreement boils down to cooperation in general, as it comes for the purpose of supporting and enhancing the experiences and competencies of our center through vaccinated expertise in the possession of the National Centre for the development of administrative and information technology.
[millionday] note -- this is the siging of planning and finance of the mou today
[millionday] we will read it and see what it is about -- very interesting
[millionday] added that the memo reflects the spirit of constructive cooperation between the two centers in order to find efficiencies and expertise can be utilized in developing the performance of other ministries through the trainees belonging to those ministries after the exchange of experiences between the two centers.
[millionday] note -- this applies directly to the ?? we had earlier --- so this is for traning to be cross trained -- very good idea
[millionday] confirmed that the memo is a window from the moment of the signing and ratification, noting that the center specializes organizing courses and financial accounting and banking variety along with areas relating to financial matters Other whether state institutions Awalqtaa private.
[millionday] note -- huge progress --
[millionday] For his part, Director General of the National Center for Administrative Development and Information Technology of the Ministry of Planning, Dr. Kazem punitive: that the memo comes to documenting and promoting cooperation between the two centers to extend to the institutions of the public sector and the private sector, adding that it includes the exchange of experts and lecturers who covered centers and training topics and consulting in the field of financial systems and management and simplification of procedures,
[millionday] note -- remember that every system in the country has been changed so this brings new meaning to the term --- CRASH COURSE
[millionday] as we aim to expand in the area of research with the Center for Financial Training and accounting, which are mostly geared to the development of circuits public and private sectors. pointed out that our need financial expertise, we are counting a lot on this note that enhance the potential of the center in this area to achieve the greatest interest that are in the development of the economic sector of the country.
millionday] so as we see -- the struggle to hurry with economic reform in the country and its success is alive and well --- progress and now we see much more training for the future and -- we like it
[millionday] end of report robin
[millionday] this is an mou
[coolspot] coming back to 13303 the US Am I correct in assuming the USA is forcing Iraq to take their currency international by not extending 13303?
[millionday] i would say that they dont need the protection at this point -- at least that is what it tells me -- because we have a lot invested at this point to just bail out now -- so it tells me they are in a different position and dont need it to be extended
[millionday] in fact it is hugely encouraging
[millionday] like a whooopow
[slh5282] dont they want control of their money ?
[slh5282] Isn't the DFI funds $250 Million or is it Billions?
millionday] they have had control of it for about half the year if my timeline memory is right -- but now they will be without protection --- the US of A was the one protecting those funds because of our capabilities -- now they dont need protection so it would seem they are moving forward with their reality rate imo -- because if they were to not need protection it would seem the loss would not be as huge of a risk
[ROBINREDHED] slh5282 any chance we can have 1 question at a time
[hstrymknwmn] I missed the deadline. When is it for 13303 or is it same as dfi. I guess I forgot if it is.
[millionday] may 22nd
[millionday] very sooon -- didnt mean to use that bad word
[j10000] Is there ink on the amount of the DFI funds? Txs
[millionday] Net and ruled out the extension of the international protection of Iraqi funds abroad, estimated at 180 billion dollars.
millionday] huge monies
[millionday] so we have the move with the isx and talk about how it is going to expand the market and they are prepared and we have cross training and mou with finance and planning and we have end of dfi on may 22nd
[millionday] and we have the finance committee begging to hurry for the revalue and the monetary policy
scottiegirl] So it would seem that they have to pay this in Dinar, or wipe them out as you previously stated, correct?
[scottiegirl] Being such a huge amount...that is
[millionday] scottiegirl yes -- the reality rate would be needing to be set first to pay the debt or the amount they would be paying would expand to a huge amount after the fact
[millionday] and wipe out the currency they have
quicktolegit96] mou?[ROBINREDHED] memorandum of understanding
[ROBINREDHED] like a purchase order
[millionday] the best part of that is that training is going to be huge and needs to be -- there is not a "know it all" in the country [coolspot] If they do not RV before the 22nd May could be big problems with their fiances. This is why RV must come before budget or at the same time, correct?
[coolspot] Problem is foreign exchange loss VS Gain[millionday] the reason the set of reality rate needs to come around the budget is because of the huge investments and projects they have ready for this year from foreign investors --- the regulation set by the CBI states that they can use dinar so they have to get their reality rate set so the country does not fail
[millionday] coolspot exactly
[millionday] revenues or loss
[millionday] they need to be in trade for the private sector and for the economy -- the need for working class and monetary policy
[millionday] huge need in all directions
[millionday] here we go
[millionday] The gradual raising of energy sources is indeed an extremely important parameter for the autonomy of the Kurdish people. With a wise diligence and while at the same time discussions are held with the central government in Baghdad, regarding the ways and percentages of revenue sharing, out of the insides of the Kurdish land spouts a treasure that has been both a blessing and a curse for the Kurds of Iraqi Kurdistan. It is a blessing for it leads the already semi-autonomous and recognized by dozens of foreign governments Country, in a course of advancement for its people.
[millionday] note -- this is from kurdistan
[millionday] It is a curse because this wealth has been the cause for the perennial civil and not only war tragedy of the Kurds. We all hope now that the path of peace, the only option that will enable Iraq to progress overall steadily, will mark the beginning of good neighborly coexistence and solidarity. The era following the recent elections held in Iraqi Kurdistan season, will soon lead to a strong government coalition. Subsequently, the drafting of a new Constitution, which is now under discussion and negotiations, will bring balance to the different fractions, and offer the people of the country a unifying purpose. The federalization, the elections to be held on 30 April 2014 in Iraq and the concurrent local elections will also assist the convergence towards the desired goals
[millionday] note -- their constitution and iraqi elections and kurd elections will assist toward goals -- so true
[millionday] and i can see where they find the oil they have as a blessing and a curse
[millionday] i am going to be looking all day and researching for us about the ?? that are about the results of the loss of 13303
[swan2013] http://dinarupdates.com/ ··· bserver/
[swan2013] http://www.dinarupdates. ··· om/blog/