Millionday Roundtable 10/15/14 Part 1
Welcome to dinarupdates.com for Roundtable with Millionday!
Millionday HERE WE GO WITH A BIG WHOOPOW
A member of the Finance Committee MP Magda al-Tamimi, Wednesday, said that the coming days will witness the hosting Iraqi Central Bank Governor Ali agency relationships, in order to discuss a mechanism to delete the zeros.
According to Al-Tamimi "the file to delete the zeros is the Commission since the previous session, and these days do in order to study and stand on the nature and the barriers that have prevented its implementation," pointing out that "the Commission is considering actually what his successor this decision effects. "
Millionday: NOTE -- CBI IS GOING BEFORE PARLIAMENT ON WED TO DISCUSS WHERE THEY ARE ON REMOVING THE THREE ZERO CURRENCY
It showed that "the Commission has decided to host the Governor of the Central Bank and the Agency on the Keywords, in the coming days in order to stand on this file and how to deal with him in the coming period and the readiness of the Bank to implement it."
It is noteworthy that, the CBI announced (29 September 2011) that the year 2013 will see the deletion of zeros and the currency exchange, pointing out that the current currency formed a cluster of large cash estimated at 30 trillion dinars.
Millionday: NOTE -- THEY HAVE OF COURSE WAY MORE CURRENCY THAN THEY SHOULD WITH THE NEW BILLS WE ARE AWARE OF FROM PRINTING
Millionday: THE PROCESS OF REMOVING THE THREE ZERO CURRENCY IS FOR THE GOOD OF THE COUNTRY AND IF IT IS NOT DONE IT WILL CAUSE ECONOMIC RUIN FOR IRAQ -- SO THEY ARE WATING TO KNOW IF BANKS ARE PREPARED ECT
Boomshakalaka: and good for us
Millionday: YES GOOD FOR US AND MANY CONTRACTORS ETC
Florida Country Girl o you mean today Wednesday?
faith1 is that today,,, wednesday was discussed,,,and meet.. and the coming days will see the results ,,, cause the bank is readiness ?? !!
Millionday TRADE AND THE LIST GOES ON
Josie Which Wednesday is CBI going in front of Parliament? Today or next Wednesday ?
Millionday: SAID IT ON WED AND THE COMING DAYS WILL HOST THE GOV OF CBI
Millionday SORRY FOR THE USE OF THOSE WORDS LOL
awesomedtl MILLION I THOUGHT U HAD ALL THESE ARTICLES INDICATING THE BANKS ARE READY... NOW THEY HAVETA SEE IF THEY ARE READY!?
Millionday YES THE BANKS ARE ANNOUNCING THEY ARE READY -- PARLIAMENT IS CALLING CBI IN FRONT OF THEM TO HEAR IT THEMSELVES
Millionday WE KNEW THIS MEETING WAS COMING AND WERE LOOKING FOR WARD TO IT
Millionday THIS IS GREAT
Redmon How do you see the USD working in the Iraqi currency system and it’s circulation numbers?
Millionday YEARS AGO THERE WAS A REPORT THAT IRAQ HAD MADE AN ARRANGEMENT TO HOLD THE DINAR FOR SIX MONTHS I BELIEVE AND ALSO GET A DEAL ON OIL FOR DOING SO -- WE DONT KNOW IF THAT AGREEMENT STANDS OR NOT
Redmon Does the USD reduce circulation numbers, helping future rate?
Millionday IT WOULD BE RESERVE CURRENCY
Millionday NO -- CBI WILL TAKE CHARGE OF ALL BILLS IN CIRCULATION AND CONTROL INFLATION AS OUR FEDERAL RESERVE DOES THROUGH GOV FINANCE ECT
Stillwaiting Can Iraq rebuild their economy without an RV? ( Not why would they but can they)
Millionday: IF THEY REMAINED WITH BORDERS CLOSED AND HAD NO MARKET ECONOMY THEY COULD FREEZE IN TIME -- NOT GOING TO HAPPEN
Millionday: THEY CAN NOT REBUILD THEIR ECONOMY WITHOUT A REALITY RATE AND THE GLOBE DUE TO THE WORLD ECONOMICS AS WE KNOW IT TODAY
Millionday: BRB WITH MORE
Announced Iraq's ambassador to Egypt and his representative in the Arab League and the Arab delegation, headed by a senior secretary-general of the Arab League will visit Baghdad on Sunday.
The ambassador said Zia Dabbas in a press statement on Wednesday that "Nabil Elaraby, Secretary-General of the League of Arab States, will travel to Iraq, next Sunday, accompanied by Sabah Khaled Al-Hamad Al-Sabah, First Deputy Prime Minister and Minister of Foreign Affairs of the State of Kuwait,
the current President of the Arab summit, current, and Ahmed Ould Teguedi Foreign Minister of Mauritania [Chairman of the Board of the Arab League and Ambassador Ahmed Ben Helli, Deputy Secretary General, Ambassador Javad Fazel Assistant Secretary-General for Political Affairs.
Millionday: NOTE -- THE ARAB WORLD IS COMING ON SUNDAY IT APPEARS
Millionday: THE REMOVAL OF US DOLLAR WILL NOT HELP THE RATE AS IT HAS BEEN DONE -- THE CALCUALTION OF THE DINAR IS WHAT DECIDES THE RATE ---OPPOSED OTHER CURRENCIES
Dabbas added that "the visit comes within the framework of the Arab League's support for the new Iraqi government, and to support their efforts in the fight against terrorism and counter-proliferation, especially in light of the war that Iraq waged by the state against the terrorist organization Daash."
He explained that "Nabil al-Arabi had announced the visit earlier, that carried out after the formation of the Iraqi government in order to show the Arab League's support for the new government and support its efforts will not be an Iraqi government inclusive of all ingredients, cover the Iraqi political arena."
Millionday: NOTE -- THE VISIT WAS PLANNED EARLIER BUT THEY DID NOT HAVE ALL OF THE NEW GOV -- SO IT APPEARS THEY EXPECT TO HAVE THAT DONE BY THIS REPORT
Millionday: The Iraqi ambassador in Cairo that "According to that framework comes the visit by the Arab League to Iraq to confirm support for his new government, as well as to confirm the support of Arab countries for the Iraqi government's efforts in the fight against terrorism,
and confront gangs Daash which are spread cancerous in each region and the manner pose a real threat on the countries of the region.
He stressed Dabbas on "the role of the Arab League and paid for the effort Arab to serve the issues of the Arab nation in general," explaining that "terrorism is now a major threat to the state of the region,
and that the fight has become a necessity, which has led the university to pay attention to this, and began to play its role in support and coordinated Arab efforts in this regard.
Millionday: ACTUALLY THIS IS FANTASTIC BECAUSE IT IS THE ENTIRE REGION JOINING FORCES TO HELP WITH DAASH AND ISIS ECT -- THIS REDUCES THE INPUT NEEDED BY OUR COUNTRY AND THE GLOBE
Millionday: Dabbas and praised "the Arab countries, which announced its support for Iraq, and the efforts to combat terrorism Daash," pointing to "the recent decision of the Ministerial Council of the Arab League,
and confirmed unanimously to support the efforts of the Iraqi government's efforts in the fight against terrorism
Commenting on statements by Iraqi Prime Minister Haider al-Abadi-outs to the presence of Arab forces and the participation of Iraq in the war on Daash said the Iraqi ambassador in Cairo that "the Prime Minister was clear,
and was referring to the great ambition in his vision of Arab cooperation, which confirms that our ambition of Arab cooperation to be in other formats embody and emphasizes joint action,
which achieves the common interests of the peoples and not through military action, war bring destruction and losses, and those affected and this is not what we want for our Arab brothers
Millionday: SO ITS HARD TO KNOW IF THEY WANT THE HELP OR NOT -- THERE ARE GREAT LOSSES BUT WHO SHOULD TAKE THEM?
Millionday: ITS NOT WHAT WE WANT FOR OUR BROTHERS EITHER
Redmon: Sorry to beat a dead horse...MD, why I asked about the USD earlier,,,Today they are using today's USD value = 1166 dinar. If the USD represent 1166 dinar in the 30 trillion dinar in circulation.
So when the IQD value goes up, USD representation of dinar go down and reduces the total circulation of IQD number also? Is this correct thinking?
slh5282: MILLIONDAY, WHY WOULD THE REGIONS BE COMING IRAQ IF THERE WAS NOT GOING TO BE A UNIFIED SEATED GOVERNMENT AND MOVING TO AN EQUITABLE STATUS WITH THEIR STRENGTH IN THE REGION?
WOULD THEY NOT EXPECT TO SEE A COUNTRY THAT IS ON THE PATHWAY TO GROWTH AND SELF-SUSTAINABILITY?
Millionday Redmon: THATS WHAT I WAS RESPONDING TO HUN ---- THE VALUE OF THE DINAR WILL GO UP AND THE REPRESENTATION OF US DOLLAR WILL BE MORE NOT 1/10 OF A PENNY OR WHATEVER IT IS
AND CBI HAS TAKEN ALL US DOLLARS OFF THE STREETS ---
THEREFORE THE DINAR WILL BE IN RESERVE CURRENCY WHEN IT IS CASHED IN HERE OR EXCHANGED FOR USABLE DOLLARS ---
THE DINAR WE GIVE THE BANKS WILL SEND THEM TO FEDERAL RESERVE AND THE MONEY MARKETS AS IN DINARCORP WILL RETURN INVEST OR WHATEVER THEY PLAN TO DO -- IT WONT EFFECT IRAQ BUT IN A GOOD WAY
Millionday slh5282: EXACTLY --- THE VISIT IS HUGE AND LOOKS AS IF IT WAS CANCELLED BEFORE DUE TO LACK OF ENTIRE GOV SO VERY ENCOURAGING
johnsoos: tman23 - I think we need to wait and see if any monetary change takes affect and we get notice Tuesday Nov 4th……. day after our Fed Board meets on foreign exchange rates…... And the week the Kurds should receive first payment to the region…. what does this mean?
Millionday johnsoos: THAT MEANS THAT THE DATE OF NOV 4TH IS WHAT THEY ARE EXPECTING TO SEE A CHANGE -- I DONT KNOW WHO THAT IS OR HAVE ANY COMMENT ON THEIR RESEARCH –
ALL I CAN SAY IS WHAT I HAVE HUN -- IT APPEARS THEY ARE SAYING NOV 4TH AND IF I AM WRONG I GIVE MY APOLOGIES TO THE RESEARCHER
Millionday: OH HERE WE GO
Millionday: The launch of an electronic trading system X-streamten
On the occasion of the launch of the electronic trading system X-stream on Sunday, 10/26/2014
The Board of Governors meeting minutes held Ibnarich 10/14/2014 as follows:
Will be the last trading session in the market on Thursday 10/16/2014 for the purpose of launching the new system X-stream on Sunday 10/26/2014.
Will be suspended from trading with effect from Sunday, 19.10.2014 until Thursday, 10/23/2014
carpet: Millionday have you heard anything about the President speech
Millionday: I WILL LOOK AND SEE -- BRB WITH MORE
BAGHDAD / JD / .. Office recommended studies and international economic consulting, restructuring the Iraqi banking sector to provide sophisticated banking services so as to bring local and foreign investments to the country.
The director of the Office Tawfiq told inhibitor / JD /: that "the global investment firms sober and owners of capital from large investors are looking for investment environment, which has a sophisticated banking system."
He continued: "So Iraq needs to restructure its banking sector, he is still working according to the old traditional systems, to provide a sophisticated banking services to help bring local and foreign investments to the country."
He added: "The country needs to develop banking culture to increase the services provided by the government and private banks, which are almost small compared to the size of projects in various sectors (excluding the oil sector)."
Millionday: NOTE -- OF COURSE THEY ARE SMALL WITHOUT JOBS AND A MARKET ECONOMY DONT LET THIS WORRY YOU -- GROWTH IS WHAT IS SUPPOSED TO TAKE PLACE
He pointed out: "The Office of International Consulting is ready to provide all assistance and economic studies for the Iraqi government for the advancement of the Iraqi economy and its various sectors
Millionday: SO WE HAVE SEEN MULTIPLE REPORTS THAT IRAQ IS READY TO ADVANCE THEIR ECONOMY AND ALSO THE ISX -- NOT BAD NEWS BUT ALL GOOD
Millionday: LET ME LOOK FOR PRES SPEECH -- BRB
Comments may be made at the end of Part 2 Thank You