[millionday] now there is good news and then there is something like this smile
[millionday] Economic researcher said no just: that Iraq sells crude oil to local currency depends on the stability of the General conditions of the country to the stability of the dinar exchange rate and register it as a world currency.
She said in a statement to (morning) to present inappropriate to take such a step for the stability of the currency is linked to the general economic situation and stability of the country, as well as any volatility in global oil prices would impact directly on the value of the Iraqi currency.
Read More Link On Right
[millionday] The registration of the dinar as a world currency makes it vulnerable to speculative and subject to high volatility and low price at the world market has reflected its true value in internal business dealings, it is covered by $ 80 billion.
The parliamentary Economic Committee member Nora albegari earlier proposed selling crude oil in Iraqi dinars instead of dollars, to support the local currency and add value to the hard currency. Albegari noted that the Central Bank does not approve the sale of oil in Iraqi dinar for fear of fraud in local currency.
[millionday] note -- what this means is that the oil is going to be sold at dinar not usd -- hmm arent we moving ahead with >>>>>>>>>>> progress!!!!!!!!!!!!!!!!!!!!!!
[ROBINREDHED] millionday yikes
[millionday] we shall see what they decide but why would they be talking about this ? a small rate to say the least would not work -- so obviously we are not going backwards but this is forward
[ROBINREDHED] oil is always usd
[THAT GUY] Albegari noted that the Central Bank does not approve the sale of oil in Iraqi dinar for fear of fraud in local currency. sounds like the CBI doesnt want it sold in dinar
[millionday] whooop whoooop and?
[millionday] the power of cbi is just that -- but the power of oil and proceeds they dont have -- but my point is why would they be discussing this at all – hmmm love it know this --- huge things are happening huge
[millionday] now let me just tell you this part or we will be here all night
[Flygirl02] Do you think parliament has to meet next week those 3 days and pass whatever before It RV's
[millionday] i have a huge long list of many countries that are meeting over their conventions -- activation of multiple countries and their conventions with iraq -- meaning contracts and trade agreements ---- global is good -- no global is bad smile parliament is to continue meeting until all is done they have orders huge news and huge order
[purecountry] sounds like iraq is planning on the dinar being a reserve currency like the dollar. Big plans
[millionday] this is just ink i am bring ing -- you know i never ever bring intel but let me say oh boy this is looking as if we are looking at huge progress --- purecountry hello hun -- good to see ya -- i agree -- huge plans
[Dianne777] they are not acting like they will wait until beginning of 2014
[millionday] brb with more
[jimplants] About the sfa and activation are they talking or activating?
[millionday] Dianne777 i agree activating brb
[millionday] "Morning," learned from Government sources that the Prime Minister has ordered the transfer of three agents in the electricity Ministry to the body of advisers and set replacement from within the Ministry with competence to exercise their functions until the appointment of substitute aslaa for these positions.
the sources said sourcing Centre for the Iraqi media network "that transfer orders against both senior engineer, electricity Ministry Undersecretary Thunder Ranger, and hold office place engineer Khaled Hassan, Director General of the Ministry's production, adding that the transport operation also included under-Secretary for distribution Amer League And fill the position of Eng NAFI Abdul Sada, Director General of the Department of energy distribution in the Ministry's headquarters, under-Secretary for peace architect projects Uludağ and exercise its functions as an irreplaceable Adviser Minister for power transmission engineer Adel Hamid.
[millionday] goodness they are covering so much i am racing from one page to the other -- trust me this is all good right now -- huge progress the confidence in the dinar can only come if the rate is set -- period --
[millionday] this is just the ink -- understand there is no intel being shared -- just ink
[millionday] Erbil: to promote economic and trade relations between the Kurdistan Region and Britain, a British trade delegation visited, the day Tuesday, 09/24/2013, and the Ministry of Finance and Economy of the Kurdistan Regional Government, and the delegation was received Baez Talabani and Minister of Finance and Economy.
At the outset of the meeting in the presence of Zell and the Ministry of Mieh Rashid Tahir, occur Minister of Finance and Economy on the budget of the Kurdistan Region and how to prepare it, and pointed out during his speech about the destruction of the economic structure of the villages of the territory due to chemical attacks and practically Anfal carried out by the forces Altzam former Iraqi.
He also praised the efforts of the Kurdistan Regional Government in the revitalization of the economic structure of the region, and in which we live today thanks to the stability of the security situation in the region, where the witness region reconstruction process and the implementation of strategic projects.
The Minister pointed to the economy and financial importance of the opening of banks in Kurdistan, especially at this stage where there are hundreds of foreign and local companies are investing activities and the implementation of several strategic projects in various fields. At the conclusion of the meeting British companies expressed their willingness to participate in reconstruction projects and investment in the Kurdistan Region.
millionday] so as we see there is britain -- we know they are all not just coming for tea smile brb with more
[millionday] Iraqi Deputy Prime Minister for Energy Affairs Hussain al-Shahristani said the Iraqi central government has asked the semi-autonomous Kurdistan region linked to a new pipeline connecting line between Kirkuk and Ceyhan in Turkey and Baghdad, allowing measurement of the level of the flow of crude.
It is expected to be completed Kurdistan from the construction of the new pipeline which will have a capacity of 300 thousand barrels per day and will be extended to Turkey in the coming weeks which will enhance the control of the Government of the Territory on the disputed resources with Baghdad
[millionday] note -- i hope you all understand how huge the trade agreements and the moves for iraq are within their move to change the entire country -- they are moving fast even though it can feel slow -- this is huge for them and also to see this kind of change being done right before our eyes -- we will never forget this and its impact we watched happen to the world
[millionday] Shahristani said he had asked the Government of Kurdistan connecting the two lines before the pumping station to determine the volume of crude flows, adding that Baghdad had not received any response.
And oil wealth at the center of the dispute between the central government in Baghdad and the Kurdish region on human control over the fields and raw land and income. And stopped sales of Kurdistan oil through a national pipeline network because of a dispute between Baghdad and the Kurdish government and there are no talks between the two parties at the present time to resolve the dispute on entitlements oil companies operating in the region
[millionday] Shahristani said on the sidelines of an energy forum in Dubai that there are no talks with companies or with the KRG on oil payments. With the rejection of Kurdistan to Baghdad's position, which says it alone Her power in the export of Iraqi oil and drilling him Nineveh provincial council decided last week granted the governor the authority to sign deals with foreign oil companies.
Shahristani said Nineveh, which is located in the northwest of Iraq, and the majority of the population are Sunni Muslims lacked the political clout that allowed for the Kurdistan Regional Government to proceed with its plans despite opposition from oil Baghdad
[millionday] Exxon Mobil - the largest energy company listed on the stock exchange in the world - the Baghdad government while signed production sharing contracts with the Kurdistan in 2011 include exploration and development in six areas, including regions all claims of Nineveh and sovereign right Kurdistan therein. And ExxonMobil is now seeking to sell its stake in the West Qurna-1 oil in southern Iraq.
Shahristani refused to disclose the buyers. He said that Exxon made a big mistake when he negotiated with the government of Kurdistan and that Baghdad had asked the company to reduce its activities in southern Iraq because of it. He added that Exxon will continue to work as operator of the field at the present time
[millionday] i have to say that iraq is going to be a huge driving force in the market and guess what? we are all invested in its return smile
millionday] understand i have been here for four hours bringing news -- all about contracts and movement to bring themselves to the market -- the free market -- whoop whooop
millionday] a little icing
[millionday] Economic Committee in the Iraqi parliament on Monday, Iraq's accession to the World Trade Organization "Troydha of the Iraqi economy weak", and stressed the need for the government "to create an environment suitable investment and reform tax laws and fees," as he emphasized the economic expert that Iraq's accession to the organization "will open global markets for the country, "calling to attend the World Iraq in all forums to stimulate the economy and not rely only on oil.
A member of the Economic Commission parliamentary Mahma Khalil in an interview (range Press) that "access to the WTO would result in a set of rights and duties, benefits and sacrifices," noting that "it requires that the stakeholders in the government package of measures that relate to the creation of the investment environment appropriate and rationalization of government support in addition to a number of reforms in the laws and procedures of taxes and fees and to other measures again. "
[millionday] Khelil said that "Iraq's accession to the organization serves as a taming of the Iraqi economy, which suffers from weakness and that the fight against vulnerability requires firmness and consistency in decision-making beneficial even if it resulted in losses in the medium term and short term,"
adding that "the environment, the organization does not provide a safe environment for the economy weak but provide a general framework for the exchange of trade both competitive and efficiency, according to its potential. "
Khalil continued that "instructions of the organization the flexibility to take into account the specific conditions of each country, as there are some exceptions and allowances."
On his part, said economic expert Saleh al-Quraishi said in an interview to (range Press) that "Iraq's accession to the WTO will reduce the isolation that accompanied the Iraqi economy for a long period of time by the wars and the economic blockade," noting that "the isolation led to damage its competitiveness and the widening gap between the Iraqi economy and the rapid developments of the global economy. "
[millionday] He explained Quraishi that "Iraq's accession to this organization is likely to bring some advantages such as opening international markets to Iraq and to attract foreign investment and integration with the global economy as well as openness to capital and integration with global financial markets,"
calling for the need to "correct the course of the economic process, especially the private sector through the presence of Iraq in all global forums to stimulate the economy and not rely only on oil. "
The deal with matters relating trade in the province of Diwaniyah confirmed, in (May 13, 2013), "Iraq's need" to join the World Trade Organization, while confirmed by the Ministry of Commerce said joining the organization "will move the Iraqi economy," "ruled out" businessmen the possibility of it on the ground Even the "Fifty years later,"
and attributed the cause to "the absence of legislation" in a position to put Iraq into the international system, demanding to cancel the "Ministry of Commerce."
[millionday] The World Trade Organization announced its inception in 1995, and is one of the youngest international organizations, where the WTO is the successor to the General Agreement on Tariffs and Trade (GATT), which was established in the wake of World War II.
And despite the fact that the WTO is still the modern multilateral trading system, which was originally set up under GATT has reached the fifty-year-old, and celebrated the golden jubilee of the system in Geneva on May 19, 1998 in the presence of many heads of state and government leaders.
The past twenty years have seen a phenomenal growth in world trade, as goods exports rose an average of 6% annually and helped GATT and the World Trade Organization (WTO) to establish a system strong and prosperous business, which contributed to the unprecedented growth.
[millionday] The Association for the Development and the development of industry and trade in Iraq criticized, on March 19, 2013, no state support for industry and trade sector and open the doors of import wide, causing damage to the product nationally and lost his ability to compete, while believing that the scarcity of electricity, fuel, and not keep up with the Angels national global developments and the lack of laws appropriate most important factors retreat Iraq industrially and economically, confirmed its quest detection areas ready for industrial investment and help stimulate foreign and Arab companies to invest jointly with Iraqi investors, creating industrial and commercial sources is oil.
It is noteworthy that Iraq has witnessed a year after 2003, a state of openness without restrictions on the world which led to flooding the domestic market with goods from around the world unsanctioned, as well as a decline in domestic production and public sectors as a result of the security chaos and the scarcity of snap and fuel, failed efforts government agencies concerned, so far, including standardization and quality control and the ministries of environment and health in the face of a flood of shoddy goods, despite the efforts made in this regard.
[millionday] so there is nothing that is bad for us at all -- and i have to say that all countries are making huge efforts to get there and sign contracts move conventions and get rolling but why would they be doing that?
[millionday] the only reason in the condition of the global economy would include no risk -- it would be for the gain -- there is not any country that is reporting visits such as this -- they are going to iraq for the same reason we are sitting here -- common sense -- they are going no where but up and many want the shirt tails smile
millionday] the last report this is to verify in ink what i am telling you and think about this -- how many years have you been here / and how important and shocking is this ? how much must this mean ?
[millionday] The House of Representatives Tuesday decided to continue to hold its sessions next week without interruption to vote on important laws.
Said a source familiar with from within the session that "the Presidency of the Council of Representatives and the heads of parliamentary blocs agreed today at a meeting held inside the parliament building to continue its sessions next week without interruption to vote on important laws."
He added that this decision will be added three sessions on Tuesday, Wednesday and Thursday to regular sessions scheduled on the agenda of the Council "
[millionday] the entire week -- now let me say this -- we have on the 28th + a banking conference that has not happened before -- they are working all week as well to get all the laws in place? this is amazing -- and also the global meetings have us all seeing the light at the end of the tunnel
[Flygirl02] Would they actually have this huge banking conference without an internationally recognized currency?
[millionday] we at PI have been only looking at the ink and watching the actual -- i have two more things
[Msbossydiva] Flygirl02 imo i dont think so why waste time on 1/8th of a penny no value there
[millionday] the oil and gas law is done and ready to presented for that is left after they tore it apart in sections and moved some through and the second is '
[Flygirl02] When they said next week holding parliament mtgs, are they talking about this week
[millionday] whooooop whoooop
So are they saying that Iraq will BE joining the WTO on Monday?
[faith1] it said Monday accession !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! Oh Lordy millionday you are bringing it all !!!
[millionday] i see it as the goal the oil and gas law or hcl is done and is headed for parliament as well
[wilbur48] millionday are they saying next week as the 1,2,3rd of oct. or this week
[millionday] wilbur48 for which hun
[wilbur48] the meetings parliament
[millionday] the parliament is meeting now , thursday, fri, sat, sunday, monday, tuesday, wed, thursday, etc