Millionday Roundtable 1/21/15
Welcome to dinarupdates.com for Roundtable with Millionday!
Millionday: Arrived Vice President Iyad Allawi to Switzerland to participate in the Davos World Economic Forum, which will be launched on Wednesday its international participation and wide.
Allawi has received an official invitation from the chairman of the World Economic Forum Klaus Schwab, where he has been invited to the level of heads of state and government and foreign economy, financial and trade ministers and businessmen.
Millionday: NOTE -- ALLAWI HAS ARRIVED IN SWITZERLAND FOR THE GLOBAL ECONOMIC CONFERENCE
Millionday: Allawi said, according to a statement from his office, that his participation comes to the global economic importance posed by the Davos Forum, an opportunity Iraq needs in light of the economic crisis and the current conditions that require the expansion of economic and trade exchanges with countries in the world, in addition to gaining an international information on how the planning, management and exploitation of resources and face crises.
Millionday: NOTE -- THE CURRENT CONDTITIONS OF IRAQ --- REQUIRE THE EXPANSION OF THE ECONOMY AND TRADE EXCHANGES WITH THE GLOBE -- SMILE -- WHOOOPOW
Millionday: And continue the forum four days punctuated the deliberations and discussions, workshops, and economic and political and media tables, and will be for Dr. Allawi privileged to deepen economic relations with all countries thanks to its political and economic role of experience.
Millionday: ALLAWI WILL BE PRIVILEGED TO DEEPEN THE ECONOMIC ROLE WITH ALL COUNTRIES -- LOVE IT -- WHOOPOW
clay Millionday: y did they send Allawi, y not Shabs
Millionday: SHABS DOES NOT HOLD A POSITION IN IRAQ
clay Millionday: but y Allawi
Millionday: ALLAWI IS THE VICE PRES AND HAS THE POWER TO MAKE DEALS ETC
Josie: Millionday: PM Al-Abadi JUST tweeted moments ago on his personal Twitter account that he will be leaving London to SPEAK at the World Economic Forum in Davos, Switzerland on Friday. It would be great to hear your thoughts on that ink....
Millionday: I WILL NEED TO FIND THE REPORT ON IT AND VERIFY THAT -- LET ME DO SOME LOOKING HUN – THANKS -- FOR SECURITY PURPOSES I DONT THINK THAT WOULD BE TIMELY
Millionday: MEANING HE MAY NOT BE UNTIL TOMORROW ETC WITH THEIR SECURITY ISSUES IT WOULD MAKE SENSE NOT TO GIVE A MINUTE TO MINUTE DURING TRAVEL FOR HIM BUT I WILL SEE IF I HAVE A REPORT ON IT
Millionday: Central Bank of Iraq, announced Wednesday he was considering initiatives and actions to promote job development and job creation.
The bank said in a statement received for News Agency (et), a copy of which he was "studying the initiatives and measures to promote job development and job creation."
Millionday: NOTE - THIS MAY BE THROUGH THE CHANGES FOR INVESTMENTS AS WELL
Millionday: The bank added that "the initiative is in line with the law and in the light of the financial challenges facing the country now."
The Governor of the Central Bank of Iraq on the Keywords, had confirmed earlier this week that the central bank's reserves of hard currency covers currency and a half times and is among the best cash reserves in the world.
Millionday: SO AS I WAS SAYING IT IS TO DO WITH THE CHANGES IN THE LAWS TO OPEN UP FOR ADVANCEMENT FOR INVESTORS AND DEVELOPMENT
Txoilman: what can the cbi do to help unemployment ?
Millionday: THEY CAN ADVANCE ALL OF THEIR BANKING FOR INTERNATIONAL BANKING AND PREPARE THE RATE FOR INTERNATIONAL ACCEPTANCE AND RAISE THE PURCHASING POWER OF THE DINAR SO THE PRIVATE SECTOR CAN AFFORD TO HIRE BY MOVING TO A MORE PRODUCTIVE MARKET ECONOMY
Millionday: THEY HAVE ENOUGH RESERVES TO BACK THE CURRENCY 1 AND 1/2 TIMES WHAT THEY NEEDED TO SUPPORT THE VALUE
Danalivin4HIM: In order for them to be able to exchange our dinar would they know how much is out there? Just wondering because they say they have enough reserves
Millionday: YES THEY KNOW EXACTLY WHAT IS OUT OF COUNTRY
Danalivin4HIM: Thank you, I needed to know due to something I had seen written. Now I can put what I read in the trash
Millionday: IT IS UNDER STATS ON CBI SITE I BELIEVE AS WELL
Millionday: NOTE -- HERE IS MORE ON THEIR GOAL FOR INTERNATIONAL INVESTMENTS
Millionday: Devt for economic and investment commission, headed by parliamentary MP Jawad al-Bolani on Wednesday, 21/01/2015 Mr. Sami al-Araji, head of the National Authority for Investment
During the meeting, discussion of the draft law of the Second Amendment to the Investment Law No. 13 of 2006 and the main problems they face and ways to resolve them.
Millionday: THEY ARE ADDRESSING THE REMOVAL OF OBSTACLES FOR INVESTMENT
Millionday: NOTE -- THIS IS THE REPORT ON THE ECONOMIC FORUM WHEN IT WAS PLANNED
Millionday: Alaa al-Tai involved more than 40 heads of state and government, led by Iraq and nearly 2,000 businessmen and leaders money sectors, economics and business from all countries at the annual meeting of the (45) of the World Economic Forum which will be held from 21 to 24 this month,
the resort of Davos Asuezra.ocd government media office post of Prime Minister Haider al-Abadi at the head of the Iraqi delegation at the World Economic Forum, which will discuss the new global context,
the main challenges facing the international community, including economic growth, social integration and Alngaaralamnacha and the future of the Internet and the most important current events that affect in international relations.
Millionday: NOTE -- ABADI IS AT THE HEAD OF THE IRAQI DELEGATION SO HE WAS EXPECTED -- SO THE TWEETER WAS CORRECT SMILE
Millionday: The spokesman said the government's media office Saad Sabri, told the "morning", said the Prime Minister will participate in the conference to put the problem of economic Iraq, noting that the new context before the table Forum includes ten challenges affecting the world today,
which is "the environment and the scarcity of resources and skills to work and human capital, gender equality and long-term investment, infrastructure development, food security, agriculture, trade and the fight against corruption and social integration,
as well as the future of financial systems and business affairs and the escalation of geopolitical conflicts, epidemics, variation growth and the context of the energy markets. "
Millionday: NOTE -- INTERESTING THAT THE PARLIAMENT IS EXPECTED TO HAVE THE BUDGET FOR VOTE ON SATURDAY AND THE CONFERENCE ENDS ON SATURDAY (24TH)
Millionday: He newborn that Congress has particular importance seriously and follow-up In light of the current economic crisis variables that need to be joint cooperation at the international level where he is scheduled to discuss resolving the ongoing crises and conflicts that undermine stability in the region, the Middle East and what can be done at the international level to help bring lasting peace.
Millionday: LOVE IT - VERY NICE THAT SWITZERLAND RAISED THEIR CURRENCY RIGHT BEFORE THE ECONOMIC CONFERENCE AS WELL
Danalivin4HIM: Has Iraq gone to this meeting before?
Millionday: YES THEY HAVE GONE TO THIS MEETING BEFORE
Dovi Millionday: has Iraq head of state ever addressed davos before
Millionday: LAST YEAR -- I WILL HAVE TO LOOK I BELIEVE THEY WERE ACTUALLY ADDRESSED AS WHAT THEY NEEDED TO DO AND THEY HAVE STATED THEY HAVE DONE THOSE THINGS UP TO THE REMOVAL OF RESTRICTIONS PER REPORT WE HAD LAST NIGHT
clay Millionday: so this may mean nothing for us as far as rv goes
clay Millionday: or is this y they are working at record speed
Millionday: I THINK WITH THE SUBJECT MATTER IT HAS TO DO WITH THE STAGE IRAQ IS IN BY MOVING TO A MARKET ECONOMY AND ALSO INTERNATIONAL INVESTORS BEING PROMOTED TO COME TO INVEST IN IRAQ
Pablo: I got in late. Do we know anything more about this crisis cell that's supposed to be dealing with exchanges?
Millionday: THE FIRST REPORT MAY BE ABOUT THEM MEETING WITH THE INVESTMENT AUTHORITY -- THE GROUP IS ALONG THE SAME LINES BUT THE ECONOMIC CONFERENCE STARTED SO THE GROUP IS NOT GOING TO ALL BE IN COUNTRY UNTIL SATURDAY
Millionday: Directed Oil Minister Adel Abdul Mahdi, on Tuesday, to the State of Kuwait to participate Energy Conference which will be held on Wednesday with the participation of Arab energy ministers.
The Oil Ministry said in a statement, "Alsumaria News" received a copy of it, "Oil Minister Adel Abdul Mahdi, went today to the State of Kuwait to participate Energy Conference which will be held on Wednesday and attended by energy ministers Arabs."
Millionday: NOTE -- OIL MINISTER ON TO KUWAIT FOR ENERGY CONFERENCE
Millionday: The ministry said that "it is hoped that the Mahdi is to meet on the sidelines of the conference, the Emir of Kuwait Sabah Al-Ahmad Al-Jaber Al-Sabah State, Energy and the ministers of Kuwaitis," indicating that "the conference will discuss the decline in oil prices in the international markets and discuss joint action mechanisms to prevent further decline."
Millionday: The oil minister Adel Abdul Mahdi predicted the first Sunday (January 18, 2015), to witness the second half or the last of this year, a surge in oil prices, expressing his belief not to return prices to what it was during the past years.
It is noteworthy that global oil prices have seen a significant decrease is the first of its kind in five years, causing damage to many countries, including Iraq.
Millionday: SO THEY ARE EXPECTED TO TALK ABOUT STRATEGIES AS WELL TO MAKE UP FOR LOW OIL PRICES
Txoilman: how does a currency become international ?
Millionday: THEY RELEASE IT TO THE MARKET AT A REALITY RATE –
THEY ARE NOW RELEASED FROM SANCTIONS BUT THEY WILL ACTIVATE THE LAWS THAT MOVE THEM TO A MARKET ECONOMY SO THEIR CURRENCY IS PRICED PER THE INTERNATIONALLY COMPLIANT PRICE INDEX CALCULATION –
ON APPROVAL FROM WHO I WILL HAVE TO LOOK TODAY DURING RESEARCH TO SEE IF AFTER SANCTIONS THEY HAVE RECEIVED APPROVAL TO MOVE TO A MARKET ECONOMY
Pablo: How many laws do they need to activate?
Millionday: I DONT HAVE A COUNT BUT IT IS THE LAWS THEY HAVE BEEN DISCUSSING AND WORKING ON FOR INTERNATIONAL INVESTMENT BECAUSE THE MARKET ECONOMY GOES BOTH WAYS -- SUPPLY AND DEMAND
Pablo: Seems like they have been discussing endlessly.
Millionday: ITS BETTER THAN NOT SMILE -- SO THAT IS WHAT WE HAVE TODAY AND WE WILL SEE YOU TONIGHT FOR NEWSTIME AT 730 EST --
Pablo: True, but it would help if we knew how many laws still need to be worked on, if any.
Millionday: NOT WORKED ON HUN – ACTIVATED THE INVESTMENT LAWS NEED TO BE ACTIVATED