Millionday Roundtable 2/11/15
Welcome to dinarupdates.com for Roundtable with Millionday!
clay Millionday: Millionday: last night u mentioned the float what did u mean please
Millionday: A MANAGED FLOAT MEANS THAT THE CURRENCY IS PUT ON THE MARKET ONLY ALLOWED TO MOVE 2% UP OR DOWN --
A FLOAT ALLOWS THE MARKET TO MOVE IT AS MUCH AS IT DOES BY SUPPLY AND DEMAND
clay Millionday: so do u think they will and is that good or bad 4 us
Millionday: SOME SEEM TO SAY THAT ITS FLOATING AND SOME TELL ME THEY ARE NOT
Millionday: THE REASON THAT MY OPINION IS THAT IT WILL BE A MANAGED FLOAT IS THAT THEY DID A BUSINESS TEST LAST YEAR WITH A "PROGRAM RATE" AND ONLY ALLOWED IT TO MOVE 2% TO TEST WHAT IT WOULD DO TO THE INFLATIONARY RATE –
SO I JUST GUESSED THAT IT MAY BE MANAGED BUT THEY COULD HAVE ALSO BEEN DOING THAT THEN TO SEE WHAT WORKS BEST TOO --- SO I DONT KNOW WHICH ONE
Millionday: OK BRB WITH NEWS EVERYONE -- WHOOOPOW
Millionday: A government source said today, that the prime minister Haider al-Abadi, will announce on Thursday [private sector development strategy] .
The source, who declined to be identified told all of Iraq [where], that the announcement will be at a conference in 10:00 at the Rashid Hotel in central Baghdad under the patronage of the Prime Minister to announce the private sector development strategy. "
Millionday: NOTE -- NORMALLY I DONT BRING THE UNNAMED SOURCE THINGS BUT THE PRIVATE SECTOR DEVELOPMENT PLANS/STRATEGY IS HUGE ---
AND THAT SAYS TOMORROW SO THIS GOES WITH MANY MANY OTHER THINGS FOR TOMORROW
Millionday: He added: "The conference will be attended by ministers and ambassadors, MPs and experts and international organizations."
The Abadi said in a speech at the Munich Conference announced that he would play near the initiative sector.
Millionday: SO WHAT THIS IS SAYING IS THAT THE PLAN WILL BE EXPLAINED AND TRANSPARENT TOMORROW -- ALSO
Millionday: TOMORROW SHOULD BE THE BUDGET -- FIVE LAWS (INVESTMENT AND ECONOMIC) AND THE GOV PROGRAMS BEING ACTIVATED –
ALONG WITH THE MARKET ECONOMY STEPS PER LAW OF CONSTITUTION AND A FEW OTHER THINGS I DONT HAVE INK ON
Millionday: NEEDLESS TO SAY -- I WILL BE IN HERE TOMORROW EVEN THOUGH IT IS THURSDAY
Pablo: Did the budget get into the Gazette?
Millionday: THEY DID NOT MENTION IT IN THIS REPORT --- BUT WE JUST GOT STARTED SO YOU HAVENT MISSED ANYTHING HUN
Millionday: February 10, 2015 President approves the federal budget law
Sadiq President Fuad Masum morning, the federal budget law for 2015.
A source in the Presidency of the Republic of the Union of Kurdistan site, the President of the Republic approved the Federal Budget Law for 2015, noting that the law will be published in the Iraqi Gazette.
Millionday: SO WE HAVE THAT IT WILL BE PUBLISHED BUT NO TIME YET
Millionday: I WOULD SAY IT WILL BE PUBLISHED FOR THEIR DAWN
Millionday: Parliamentary Finance for "direction Press": the application of the customs tariff does not affect the effect of direct citizen
Parliamentary Finance Committee confirmed on Monday, that the customs tariff law takes effect will be applied to the material covered in the near future.
A member of the committee MP Mohammed Abdul Qader In an exclusive interview with the "direction Press" that the customs tariff law is valid and will be applied after the entry into force of the budget.
Millionday: Stressing that the implementation of the customs tariff law needs to be instructed by the Ministry of Finance to facilitate the implementation of the resolution and apply sound image.
Mohammed said that the application of the customs tariff direct effect does not affect the citizen because it does not include goods that fall within the necessities of life.
He said a member of the Finance Committee that the customs tariff contribute to increased earnings to the government for the purpose of bridging the shortfall and Agr who wounding budget for this year.
Millionday: NOTE -- REMEMBER THAT I WAS TALKING ABOUT THE WTO -- THIS REPORT HAS SOME OF THE INFO
Millionday: He specialized in economic and investment regard to the application of Iraq to the tariff system will enter within the WTO, noting that the government is obliged to take action in order to protect the economy and lack of higher prices.
And moving the government to reduce the fiscal deficit to the draft budget bill for fiscal year 2015 non-oil alternatives such as increased taxes and impose tariffs on goods entering the country.
chattels: Has anyone posted the time for Abadi's announcement tomorrow ?
Millionday: YES IT IS THE FIRST OF RT
Millionday: HELLO CHATTELS -- RUDIE WILL POST IT AFTER WE ARE DONE HUN
clay: if tariffs start march 1st how soon to enter wto
Millionday: I HAVE NOT SEEN A DATE YET LISTED ABOUT ACTIVE IN THE WTO
clay: ok thanks must be close if they r gonna implement the taxes
Millionday: AND THEY ALSO ARE GOING TO NOT TAX THE POOR SO THEY CAN AFFORD TO LIVE -- WOW I WISH ALL COUNTRIES WOULD DO THAT -- SMILE
Millionday: SO MUCH GOING ON TOMORROW THAT IT HAS TO BE CLOSE FOR SURE --- THE GOV PROGRAMS AS WELL REMEMBER
Millionday: WOW -- THERE WAS A DAY WE CALLED THIS ROCK AND ROLL LOL
mrref1216: I think right now everybody is poor in Iraq
Millionday: THATS THE THING -- THERE IN NOT A MIDDLE CLASS IN IRAQ -- AS WE ALL KNOW A HEALTHY ECONOMY HAS LOW -- MIDDLE/WORKING AND--HIGH -- IRAQ HAS LOW AND HIGH
Millionday: THEY ARE OPENING UP THE PRIVATE SECTOR DUE TO THE NEED OF A WORKING CLASS
misterq: After the announcement tomorrow , is there any other big obstacles that have to be finished???????
Millionday: THEY HAVE STATED THAT THEY WOULD HAVE ALL OBSTACLES OUT OF THE WAY --- WE WILL SEE
faith1: didn't the article say that activate tariffs would enter them in WTO active ? He specialized in economic and investment regard to the application of Iraq to the tariff system will enter within the WTO, noting that the government is obliged to take action in order to protect the economy and lack of higher prices. IS active WTO requirements that IQD be used at reality rate??
Millionday: FAIR TRADE REQUIRES A GLOBAL PRICING INDEX CALCULATION AND THE WTO OFFERS MANY OPPORTUNITIES FOR CONTRACTS BETWEEN MEMBERS OF COURSE EXPECTING FAIR TRADE
faith1: and it says ... noting that the gov is obliged ,, obliged = make (someone) legally or morally bound to an action or course of action.,, said gov is obliged to take action.. hummm thank you millionday. wto active is HUGE imo Thanks You ! it's just all good,, all good !
naphtali: tman23 stated that Barzani is going to Baghdad on Sunday, and if I am correct implying that this could be a big day! Any thoughts, or comments?
Millionday: I SAW AN INTERVEIW WITH BARZANI SPEAKING- AND HE WAS STATING HE WAS GOING FOR THE REST OF THE HCL TO BE AGREED UPON AND ALSO THE SECURITY -- BUT -- IT ALSO STATED AMONG SOME OTHER THINGS WITHIN THE ANNOUNCEMENT
naphtali: ? so does that mean still talking budget stuff??
Millionday: NO THIS IS ABOUT THE UNIFIED GOV AND THEY ARE WORKING ON ACTIVATING SO MUCH AT ONCE -- INCLUDING THE GOV PROGRAMS --
Millionday: THE SFA -- THE GOV PROGRAMS --THE HCL -- TARIFF -- CUSTOMS -- --
faith1: we have global pricing index ,, right ,, we followed and read about all the pains and training of entry of the pricing index,,, didn't we ? !. i mean we might not see it yet ,, but it's entered ?? sfa yea !!!
Millionday: YES WE DID FAITH I WAS TRYING TO FIND IT JUST NOW BUT I DIDNT SAVE IT IN HISTORY -- YES WE WENT THROUGH THE WHOLE THING AND THANK YOU SO MUCH FOR REMEMBERING -- SMILE
Papatom: MD, do I understand right that the global pricing index helps calc. the value of a countries currency value, but does not determine the exchange rates? as Trading does that? and that Iraq will be a unique situation due to the amount of infrastructure work already accomplished and the trade agreements already inked and the contracts already signed???
Millionday: PAPA -- THE GLOBAL PRICING INDEX DOES CALCULATE THE VALUE –
AND THE IQD WILL BE DRIVEN TO CHANGE BY THE MARKET AT SUPPLY AND DEMAND AS WITH ALL THEIR PRODUCTS -- IF IT FLOATS IT CAN CHANGE AS MUCH AS THE MARKET MOVES ---
Millionday: YES THAT IS TRUE AS WELL PAPA
Millionday: IRAQ IS SO UNIQUE WITH ALL THE CONTRACTS AND DEBT ARRANGEMENTS AS WELL --- IT WILL BE AMAZING TO LEARN FROM IRAQ AND HOW THEY ACTUALLY DO THIS
Papatom: thanks MD
Millionday: YW ALL THE TIME HUN -- DO YOU AGREE
Papatom: I do agree..... smile I think they will manage the float
mrref1216: MD do you know anything or the progress on Article 140
Millionday: YES -- THEY HAVE HAD IT ON THE TABLE AFTER THE BUDGET WAS DONE WITH THE DISTRIBUTIONS WERE COMPLETE
Millionday: THE ARTICLE 140 HAD A CHANGE I THINK -- HOLD ONE SEC -- I AM LOOKING BRB
Millionday: HERE IS WHAT WAS DONE WITH GOV PROGRAMS
Millionday: LET ME SHOW YOU THIS AS IT REFLECTS TOMORROW
Millionday: THERE IS NO PROBLEM WITH THE ARTICLE 140 WE READ BUT IT WAS NOT IN THIS REPORT ---
Millionday: Vice said the coalition of Kurdish blocs, "Prime Minister Haider al-Abadi will visit the United Arab Emirates today to participate in a government summit in Dubai and will meet there KRG Prime Minister Barzani."
Barzani had arrived yesterday evening to Dubai to participate in the summit.
She Kurdish MP Shirin satisfaction, that "Abadi and Barzani, will meet in Dubai on the sidelines of their participation in government summit there and discuss developments in the agreement between Baghdad and Erbil."
Millionday: NOTE -- 8 OR 9 YEARS AGO THIS YEAR WOULD BE HOW LONG WE ARE WAITING ON ERBIL AGREEMENT
Millionday: OH BOY - AND HERE COMES MORE ON IT -- SMILE
Millionday: She pointed out that "this meeting if it is, will bear fruitful result in the strengthening of bilateral relations between the center and the region, and activate the terms of the agreement,"
adding that "the meeting will complement the previous meeting that the region's president, Massoud Barzani collection with Abadi last Thursday on the sidelines of Munich, Germany, the Conference".
And opened the day "Government Summit 2015 Conference" in Dubai with the participation of official delegations from 93 countries and the presence of more than 4,000 intellectuals, government work, and astronauts to discuss the "look to the future governments."
Millionday: READ EVERYWORD OF THIS >>>>>And began the opening session of the word, founder and chairman of the World Economic Forum Klaus Schwab, who spoke about the new global perspective and its impact on the role of governments.
Schwab felt that "people need to identify any better government and better leadership and better leadership," adding that "we will have an economy based on slow growth, which means that governments should work with the private sector and change the way they work."
Millionday: SO AS WE HAVE SEEN THE GOV ARE WORKING VERY HARD TO REDUCE THE RED TAPE AND INCLUDE THE CHAMBER OF COMMERCE AND COMMITTEE OF DEVELOPMENT FOR ALL BUSINESS –
THEY HAVE BEEN WORKING SO VERY HARD TO GET THIS ALL DONE AND READY FOR THE PRIVATE SECTOR DONE AND READY -- I HAVE TO SAY IT ALMOST MAKES ME PROUD AFTER ALL THIS TIME
Papatom: adding that "we will have an economy based on slow growth, which means that governments should work with the private sector and change the way they work." this statement doesn't sound like a situation that they would leave to a free float does it?
Millionday: IT SOUNDS LIKE THE MARKET IS GOING TO BE VERY CAREFUL TO ME BUT WE WILL SEE HOW OTHER TRANSLATIONS AS WELL
Millionday: SO WE SHOULD SEE SOME GREAT NEWS TONIGHT --
I MEAN IT SHOULD BE FULL OF PRESS AND SO MUCH GOING ON FOR PREPERATIONS THAT WE WILL BE VERY CLEAR WITH WHAT TO EXPECT ---
I AM SO VERY EXCITED ABOUT TOMORROW AND TONIGHT`S NEWS
Millionday: I AM GOING TO BE RESEARCHING ALL DAY TO GET READY FOR ALL WE SHOULD BE SEEING -- OH I HOPE THAT I CAN GET A GOOD REPORT ON A COUPLE OF THINGS THAT I AM LOOKING FOR -- PRAY FOR INFO
Millionday: I AM WORKING ON REPORTS FROM MANY OTHER COUNTRIES AND THE REPORTS THEY ARE MAKING ABOUT IRAQ AS WELL -- CANT WAIT TO SEE WHAT THAT TELLS US TOO