PeopleInvested Chat Transcript with Millionday and RobinRedHed Tuesday Night:
We are very excited to welcome Millionday and RobinRedHed to the team of leaders at PeopleInvested.com to solidify one of the best sites with respect to the Iraqi Dinar. We want to thank all of our new members that joined us Tuesday night for our live chat and we included part of a very long transcript below! We have a lot of exciting information we are following and will report updates on Wednesday ASAP as they become available! We may also announce a conference call in chat on short notice as needed! - Fresh
[millionday] At a time when the exchange rate of the dinar against the dollar rose, strengthened by the actions taken yesterday by the government and the Iraqi Central Bank to control exchange rates. The House of Representatives decided climb Central Bank Governor Sinan Shabibi, attributed the recent causes of the rise to four reasons, the most prominent regional events. Saw yesterday, a rise in the exchange rate, reaching a commercial rate of exchange of the dollar against the dinar 1320. The Speaker confirmed Osama Najafi, during his meeting Governor of Central Bank "to support the House of Representatives absolute work of the central bank according to the Constitution and the law, stressing the need to continue to the Central Bank with the parliamentary committees relevant to discuss and clarify the problems that plagued Iraq in the areas of monetary policy and banking."
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[millionday] For his part, attributed Shabibi reasons for the high exchange dollar against the Iraqi dinar to the "weakness of domestic production with a lack of Iraq's exports (excluding oil), and the weakness of the government's measures to attract capital to Iraq, as well as the political situation tense internally and regionally, including the economic blockade suffered by some neighboring countries." in turn, said Deputy Governor of the Central Bank of the appearance of Mohammed (morning): The bank is still going to hold Mzhadath daily aimed at creating a balance of price between the dollar and the dinar, is that Saleh confirmed that the central touch recently mismatch between the needs of the market from the dollar and what is being purchased in daily auctions of the coin, which invited him to look carefully about the reasons for this popularity is not reasonable to buy the dollar at a time does not need the volume of exchanges in which only a quarter of what is being pumped from the dollar.
[millionday] The talk in favor after news talked about the determination of the bank to stop auctions currency, something which was denied by the deputy governor of the bank, explaining that the action taken in seeking to identify those who can participate in those auctions, which can be used as the amounts sold the dollar in transactions daily business of the private sector effectively. and sees a number of economists that speculative currency are behind the rise in the dollar exchange rate, confirming that the central has all possibilities to keep the policy in this direction, something that the whole by a number of experienced and view, emphasizing gravity of the Iraqi economy as much as it came to abundance of foreign currency They pointed out that all market participants have complete confidence in monetary policy in the country. also called on the Economic Commission representative
[millionday] the central bank to intervene to keep the Iraqi dinar exchange rate against foreign currencies, as he said, the Commission's decision Mahma Khalil: He made contact with the Governor of the Bank Central Shabibi and asked him to take urgent action in order to keep the exchange rate of the Iraqi dinar against foreign currency.
lets give millionday the floor please. show some respect for the news she is bringing in. thanmk you
[millionday] they are trying to stabalize the rate of exchange to all currency foreign --- they are also wanting to stop the auctions entirely and use the change inb price or the economic reform to change and hold the health of the currency
[millionday] they are asking shabibi to hold off on the sale at the auctions and are actually saying that the speculation buyers have caused the rate to rise
[millionday] i agree with the economist that it is from the lack of business --
[millionday] this is good because they are starting to panic to stabalize it -- for trade im sure
[millionday] so this is why the auctions are not the same as we have seen in the past
[millionday] anyone have anything to say about this ? or a question
[millionday] brb with more
[millionday] Parliament of Kurdistan in a closed session Tuesday afternoon, a majority of votes, the draft general amnesty law in the province. The news agency quoted "Rn" Parliament Speaker Arslan Baez as saying that "the decision of the hearing in secret, came against the backdrop of sensitivity of the meeting." The media advisor to the President of the Parliament of Kurdistan Tariq Jawhar, had said earlier, that "the draft general amnesty law in the region does not include persons accused of crimes of terrorism and honor killings and drug trafficking crimes and prohibited substances." The main points of the bill in the commutation of the death penalty in the region to life imprisonment.
[Fresh] millionday my thoughts on the first article is the CBI has an active plan to adjust the exchange rate urgently (sooner than later) and we need to keep a close eye on the middle of the month!
[millionday] this is great because it is one of the demands that the kurdistan region gave to attend the meetings and agree -- they said the amnesty law and the erbil -- this is a right direction and compliance thing
[millionday] good for us
[bugsy67] i agree
[dinarmamma] Fresh that helped TY
[Msbossydiva] excuse my language but thats the best darn news i seen all year
[millionday] i think that the first article was saying that they are trying to hold it without having the auctions
[millionday] in my opinion --- it could be to have a start rate or have a program rate for the economic reform -- or just cause they are trying to mess with us
[millionday] it is cbi that has the power to rv -- many others have a hand in the barrel and have the power to make them wait -- the imf has leverage with money or loans -- the goi has leverage by threatening other laws not going through -- kind of like the power play they do here
** (Lots of questions from members during this transition - edited for relevant conversation)
[Hmwilliams] 1320 means what?
[Hmwilliams] Millionday...translate what that means when transferred from dinars to dollars
[millionday] they established that it has risen -- due to inflation -- prices -- trade -- ect -- not a worry
[Fresh] rcscotton arbirtrary inflation number IMO
[millionday] just that they are not using the auctions -- the point being -- dont let someone tell you that the auctions are not running for any other reason than they are not running the auctions and are trying to stabalize them by themselves
[millionday] brb with more
[millionday] Congress leaders supported the calls for dialogue and confirm adherence to the Constitution BAGHDAD - The Rashid Shaima I learned the "morning" of a senior political source said there is a tendency to hold a meeting miniature may be attended by political leaders, not more than the fingers of one hand to discuss the outstanding issues and develop solutions to the disputes department for a long time. According to the source, who asked not to be named, this trend is supported by several parties in the forefront of President Jalal Talabani, also welcomed by Prime Minister Nuri al-Maliki, who also stressed the importance of meeting the national and the need to resolve dilemmas according to the Constitution and the public interest of the state.
[millionday] It is said that the President had confirmed on Tuesday evening, during a meeting with ministers and vice-Patriotic Union of Kurdistan (PUK), the importance of taking a political solution and fraternal dialogue to protect the political process and democracy in Iraq, by, and to address the problems between the provincial government and the federal government, on the other. And the need to protect the spirit of the Constitution and the implementation of agreements between the parties. The Kurdistan Alliance MP Mahmoud Othman, had confirmed the "morning" sought by President Jalal Talabani to hold a meeting between Prime Minister Nuri al-Maliki and President of Kurdistan region Masoud Barzani or the head of the provincial government Nechirvan Barzani to resolve the outstanding issues between the the center and the region, noting that "the President of the Republic carries during his visit to Arbil, an initiative to raise the Iraqi political forces aimed at the convergence of views between Baghdad and Erbil, and set a date to hold a national meeting."
[millionday] The outstanding differences between Baghdad and Erbil on the region's oil contracts with foreign companies as well as oil and gas law, in addition to the criticism after the host province Tareq al-Hashemi required for the elimination of Iraq, and other issues as the Peshmerga forces and Article 140 ".
This information comes at a time praised the deputies of the different blocks the invitation of President of Kurdistan, Massoud Barzani, to convene a meeting of political leaders in order to find solutions to outstanding problems that would hinder the political process in Iraq, stressing the "morning" It's a positive step, and calls for peaceful dialogue and building and return to the negotiating table. The back deputy coalition of state law Hussein net invite the President of the Kurdistan region "a positive step," saying: "We call for constructive dialogue and leaders sit at the table of dialogue, because the meanings of things and help to resolve outstanding differences."
[millionday] Net pointed out that "such a political calls for help to reach common visions and find appropriate solutions," hello this call, which calls for national dialogue and if it met the political leaders, it is sure to be there to help participants reach a political process. He also stressed the net that "activate the Erbil is one of the issues raised at the national meeting, and although activation of most of the terms of this Agreement, except that there are two items not approved them for many reasons, but we expect to be there put this topic in the call Barzani." The head of the Kurdistan region has announced that he would call upon his return from a European tour for a meeting in Arbil, to discuss outstanding issues.
[millionday] For his part, praised the Kurdistan Alliance MP Suleiman Sharif invited Barzani, indicating that the Kurds were among the first advocates of dialogue to the table and start discussing the general situation and diagnosis of the existing imbalance in the political process to get to safety. Solomon said that "the political process and reached a critical stage and must be a dialogue and to rely on the Constitution and the principle of consensus and partnership," stressing the need to apply the agreements on the ground in the presence of the seriousness of the application and not remain a dead letter. He also noted Suleiman said that "dialogue is the only way out of the crisis experienced by the political process, which started out of the way the decree it, and call Barzani of the dialogue task does not matter that was before the national meeting or after," hoping to be all the blocks ready dialogue to resolve problems Cumulative that descended to the political process.
[millionday] As adviser to the prime minister for the Kurdistan region just Berwari has confirmed that the participation of leaders of political blocs in person at the national meeting may speed up the end of political differences. Berwari said in a press statement: "The formation of a democratic parliamentary federal is not easy in light of this unique system of its kind in the Middle East, it is natural to get political differences between representatives of the Iraqi factions, as happens today from differences over oil and constitutional provisions such as Article / 140 / get the crosses in the views and verbal altercations. " He continued: "After all, we're proud of the spirit of democracy and transparency of the deal, because the differences, they need to be resolved in a spirit of brotherhood in the end if the main goal for everyone is to build a democratic Iraq is a marginalization of all, without any component of its components."
[friscokid] Millionday bravo bravo !!!
[millionday] He also noted that meeting the national good faith for the country out of this crisis will contribute to speed up the end to political differences, particularly if held in the presence of President of Kurdistan and the representatives of the National Alliance and the Iraqi List. " Berwari considered that the presence of heads of political blocs at the national meeting will be the first step toward finding solutions to the current political crisis."
[millionday] so this is great for a number of reasons
[Fresh] millionday let's hear it!!!
[millionday] the barzani initiative has already been declared constitutionally sound -- and when he returns is the date of resolve
[friscokid] wow millionday!!!!
[millionday] tonight is when talabani and the leaders met and hashed out the differences in their views so it should be clear when barzani returns -- i think tomorrow but i will clarify
[friscokid] Hi robinredhed puhleeez hahaha!!!
[millionday] we have seen that their demand is being met with the amnesty law and they are having the meeting of the leaders tonight -- well it is done now because this is tomorrow -- but talabani said after the meeting of the leaders -- so the nc is lining up
[millionday] anyone have anything else they would like to add to this great news
[millionday] brb with some more
[Fresh] millionday I will share an update I was following up on from a contact of mine - I was asked if I could reach out to our forex contact (Mac) in London - I just talked to Bob (one of our members that is personal friends with him) and it's late over there and Bob cannot reach him at this time - we will keep PI updated if we can confirm or deny some intel we are following right now!
[bugsy67] thats what i was waitng for forex
[Fresh] bugsy67 yes I just called Bob - I think it's like 2am or later there and Mac has family so we should have something in a few hours or Tomorrow morning our time!
[millionday] here is the next article
[millionday] The new deputy «Kurdistan Alliance bloc» Saman Fawzi, confirmed that the failure to solve the problems between the KRG and the central government will pay the Kurdistan Alliance to change alliances to withdraw confidence from the government, hoping to reach the leaders of political blocs to an agreement on the outstanding problems. However, MP itself back in saying, recalling that these differences are not girl today but are old problems inherited the government of the previous governments, in saying «that the problems between the central government and the region are old and based on the difference in views about the interpretation of the constitutional articles, indicating that the failure to resolve the problems be held and adversely affect the citizens. He added: what does not work the National Congress to resolve all outstanding problems, all options on the table in front of the Kurdistan Alliance bloc to resolve disputes, including the establishment of new alliances for the withdrawal of confidence from the Prime Minister,
[Fresh] cha0s1213 IMO - most banks do that and I'm sure would not welcome the idea of their employee's becoming extremely wealthy overnight and sparking a mass exodus from their organization - leaving now workers to run the banks ... Let me make an analogy... wait for it... just like what happened in Kuwait when they RV'd
[millionday] here is the important part
[millionday] pointing out that we do not want to slander the media to withdraw confidence from the prime minister, affect the work of the government, but these steps unconstitutional. He was a member of the Liberal bloc MP from the Sadrist movement »National Alliance» Hussein Sharifi, said that the Kurdish regional President Massoud Barzani does not have enough votes in the House of Representatives to withdraw confidence from the current government headed by Nuri al-Maliki. He Sharifi in previous statements: that the statements convulsive launched by the political blocs, including statements made by the President of the Kurdistan region, does not serve the political process, not the Iraqi people who suffer from a lack of services, unemployment, stressing that the threats of Barzani to withdraw confidence from the government, difficult to implement because it does not have a enough votes in the House of Representatives
[millionday] Refused to withdraw the confidence In the same context, announced mass white, yesterday for its refusal to withdraw confidence from the government of Prime Minister Nuri al-Maliki at the moment, and in affirming that the Arab Summit in Baghdad, a victory for all Iraqis and not the owners, accused the parties to an Iraqi unnamed b »consecration of political sectarianism in the country . The Secretary-General of the mass of the beauty of watermelon in a statement issued yesterday, I got the (morning), a copy of it, that mass white «rejects the principle of withdrawal of confidence from Maliki's government at the moment», saying mass that «would stand against all the trends that prompted to do so because we want Iraq for all Iraqis ».
[Fresh] millionday when you finish with this article I have a question that I would love to hear your opinion on...
[Fresh] realted to this article
[millionday] so there you have it -- it is not possible and not going to happen -- it is media slander and holds no weight
[millionday] sure Fresh --
[ROBINREDHED] millionday just like all the political carp we are hearing here
[momface] Robinredhed robinredhed robinredhed
[ROBINREDHED] momface momface momface
[millionday] exactly -- they have taken it upon themselves to sell papers
[ROBINREDHED] millionday soo, i just want to explain that for a sec
[millionday] ok great
[ROBINREDHED] so like when the birthers say obama is going to get kicked out of office
[ROBINREDHED] it is not a fact, just a political desire
[Fresh] millionday see my thoughts on the whole "no confidence vote" discussion in the news is the competing political figures putting pressure on Maliki - I say that because I'm not so sure they are serious about removing him in a vote... just more or less sending a message and setting a tone... Would love to hear your thoughts?
[ROBINREDHED] so we see the same here
[ROBINREDHED] so we see the same here
[LDJ] millionday are you saying that Barzani didnt say he would look into a vote of no confidence and its all Media speak?
[belabun] ROBINREDHED hahaha just for some
[millionday] i think a little different than that Fresh -- robin hit it right on the head of what my opinion is
[millionday] the article or even speach interview ect is what is important
[millionday] the thing is that it is just someone saying that they need to do that
[millionday] like here --- obama will be impeached cause he was not born here and doesnt have proof
[millionday] it was all in the news -- just people talking
[ROBINREDHED] cha0s1213 i personally think they dont know at the lower levels, they are told this and believe it as TRUE....
[millionday] no matter what each persons opinion is -- the fact is that it isnt saying -- nbreaking world news -- obama iss being impeached -- see the difference
[millionday] so many people just look at the article and dont see where it is coming from or
[ROBINREDHED] cha0s1213 as a comparison, my friend was hired with a signing bonus at countrywide the week before they closed the mortgage division, now you cant tell me the higher levels didnt know it was coming, but the ppl doing the hiring did not
[Fresh] ROBINREDHED great analogy on your countrywide comparison
[steves77] So I guess when Barzhini met with Obama and Biden and publicly solicited their assistance in supporting a no confidence measure, or at least endorsing their help to get rid of Maliki it was just the media? Don't think so. But who am I?
[Fresh] steves77 not exactly... there was an important agreement with the Kurdistan region that was finalized in that meeting IIRC.... someone want to back me up here?
[millionday] the thing is this ---- the news is that barzani would like to have a vote of no confidence
[millionday] not that maliki is getting a vote of no confidence
[millionday] there is a huge difference
[JPA] agreed millionday
[millionday] see what i mean ?
[Fresh] it was a strategic agreement between the USA and specifically Kurdistan and it was a direct product of their meetings in the USA
[brett123] Fresh fact
[jimplants] Fresh is this the SFA agreement?
[Fresh] jimplants this just happened recently - I didn't expect the question and I'm sure I could find it from a week or two ago
[Fresh] it's in the forums
[steves77] millionday Thanks so much for your insight. I appreciate someone who is informed and tries to properly interpret the news! Good job.
[lagunarob] Fresh gotta go. Have a meeting. If I hear from Mac will call you. bummed I have to leave
[Fresh] lagunarob don't sweat it - we'll catch up with Mac Tomorrow buddy!
ROBINREDHED] lets see if million has more NEWS.....
[millionday] here is some more
[millionday] this is important because of the imports and the topic line
[millionday] Authorized the Council of Ministers yesterday, the Ministry of Transport to purchase civilian aircraft, excavators freely for the development of sectors, maritime and air transport, as agreed to raise the requirement to register the two cars that exceeded model years for the benefit of government departments in order to prevent waste of public money. He said government spokesman, Ali al-Dabbagh, in a press statement, said that «the Council decided in its session of 15, held yesterday, approved to authorize the Department of Transportation the authority to negotiate price, technical and contracting with companies competent to purchase the rigs offshore to get the best prices and privileges exception of the instructions and implementation of government contracts number one for the year 2008 average ». He added that «the Council authorized the Ministry of Transport also have the authority to negotiate directly with the companies for the purchase of specialized civilian passenger transport aircraft». Dabbagh said the cabinet decided to approve the lifting of the requirement contained in the two Council of Ministers Resolution No. 222 for the year 2011 to register your car model, which made more than two years, for the benefit of government departments in order to prevent wastage of public funds ».
[millionday] He explained that the decision to include cars «imported from outside Iraq or purchased from local markets». And requires government's decision to the new that «are those cars have been purchased prior to issuance of the decision, including the vehicles donated to the state departments were not available upon priorities», pointing out that «the ministries and government agencies bear the responsibility in case of violation of the aforementioned resolution for cases that occurred after the decision» .
[millionday] the registering of cars involves taxes -- the system and the even the information technology involved is obviously a step we like
[ROBINREDHED] millionday werent we supposed to see tarrifs april 1
[millionday] exactly -- the tarriff laws were supposed to be held off -- i have something on them being brought up
[millionday] let me find it after i get this in here -- i have a lot of news that i worked hard to get together but i think it is not organized very well
[millionday] Deputy Assistant Secretary-General of the Arab League in a statement to «morning» from the adoption of the final statement of the Arab summit which was held in Baghdad late last month, an international document. Ambassador Ahmed Ben Helli: The «Arab League in contact with the presidency of the Arab summit (Iraq) to start and participate in the implementation of Summit decisions Baghdad», indicating that «there is responsive and a great desire of the Iraqi side to the implementation of these decisions as soon as, so as not to remain a dead letter ». He continued: «already started the implementation of Summit decisions of Baghdad, where he met Secretary General, Dr. Nabil Al Arab with all heads of sectors to put the decisions of Baghdad in place, and there are assignments for each of these sectors to initiate follow-up implementation, in general, either concerning the question of Palestine or Syria or Somalia,
millionday] , and make the Middle East free of weapons of mass destruction and terrorist-related and control ». also noted Ben Helli, that« as stated in the Declaration of Baghdad includes a large number of things related to the development of joint Arab action, or with regard to slit the social and economic, especially the adoption of three strategies, the task of relating to tourism and Security Water and disaster reduction, all these decisions and the announcement of Baghdad and sent to the Secretary-General of the United Nations to become an official document of the United Nations ». And culminated in the Arab summit conference to conclude its work last month to issue the Declaration of Baghdad containing 49 items. As part of the Post, celebrated the Permanent Representation of Iraq in the Arab League summit successfully Baghdad.
[millionday] Dr. Qais Al-Azzawi representative of Iraq to the Arab League in the celebration: The «This summit is the first after spring Arab and Arab revolts have been successful to the degree that telegrams of congratulations comes from every point of no one believed that the country which we have watched it years ago, terrorist attacks and scary pictures, receives Arab leaders enjoyed such hospitality and excellent ». He said al-Azzawi: The «Baghdad summit success lies in the items they discussed the most important and basic task of 3 items». He also contended that the Chairman of the Parliamentary Foreign Relations Committee, Sheikh Hamoudi Arab summit conference of pride for all Iraqis and a major event which participated in its success.
** End Transcript - Chat continued for much longer!**