Millionday News 7/21/14 Part 1
Welcome to dinarupdates.com for news time with MILLIONDAY!
millionday] GLAD EVERYONE COULD MAKE IT -- NEWS HAS BEEN A LITTLE SLACK BUT WE HAVE SOME GOOD NEWS TO LOOK AT TONIGHT
millionday] OK HERE WE GO MY FRIENDS
[millionday] pumice represents the mixed sector the most important output ports in most countries of the world, because it combines the efforts of the public and private sectors and abbreviated a lot of rings routine that confuse the reality of production, and in Iraq has this sector on a large
Through its product quality that touched the lives of most families, and despite the limitations of the many, but the products are located in the local market.
Managing Director of the company Electronic Industries Ahmed Abdel Lifter said that the industrial sector mixed owns experiences ideal capable of producing different setups and specifications global quality,
pointing to the importance of the availability the ideal environment to bring life full of institutions of this sector through government support goal the protection of the local product from import excessive unregulated.
millionday] NOTE -- THEY ARE TALKING ABOUT MINIMIZING THE IMPORTS OF THINGS THAT THEY PRODUCE AS THEY ENTER THE MARKET AND BRINGING THEIR STANDARDS TO A GLOBAL LEVEL
SO THEY CAN BE AS COMPETITIVE AND ALSO BE A SOURCE THAT IS IN THE MARKET IN A COMPETITIVE WAY -- AS IN----- MADE IN IRAQ !!!!
millionday] between the importance of the promotion of production in this sector that achieves economic feasibility great for the country by maintaining the cycle of capital locally,
urging state institutions to adopt products mixed sector that exceed what is being offered in the domestic market, quality specifications are many. T
o that between the economic expert, Dr. Abdullah al-Bandar, the "morning" the importance of the expansion projects productivity in sectors mixed public or private,
noting that the establishment of investment projects lead to a reduction of the high unemployment rates , as it works to establish projects dependent density in the use of labor and not the use of capital, and this is the case in countries with capitalist economies.
[millionday] NOTE -- THEY ARE TELLING THE CITIZENS THAT THEY ARE PLANNING ON MAKING JOBS A HUGE IMPORTANCE AND ALSO MAKE IT THE HIGHEST OVERHEAD
SO THAT THEY CAN EXPAND ECONOMICALLY IN THEIR HOUSEHOLDS SO THEY CAN LIVE AND FLOURISH
[millionday] added Bander: "The establishment of investment projects in Iraq, leading to the operation of a large proportion of the workforce, as in Gaza Housing, there are many complementary sectors as an industry of cement, iron and steel, building materials involved in it and mixed sector companies specialized in the manufacture of kits houses basic and this attracts a lot of unemployed people, as well as other sectors.
with the exception of investment in the oil sector, the country's projects capital-intensive rather than labor-intensive , which contribute largely weak in the operation of manpower because the operating companies are using modern techniques of high-resolution,
urging the activation of agricultural enterprises and small and medium industrial and other sectors that attract this segment of society.
[millionday] NOTE -- THEY ARE PLANNING ON MOVING FORWARD IN THEIR MARKETS AND ALSO THE ADVANCEMENTS THAT ARE AVAILABLE IN THOSE MARKETS
SO THAT THEY CAN MAKE AS MUCH MONEY AS POSSIBLE FOR THE BUSINESSES THAT ARE COMING TO THE MARKET AND THE GLOBAL EXPORTS AS THEY MOVE TO A MARKET ECONOMY
millionday] YAY WE LOVE TO HEAR ABOUT THE MINISTRY OF PLANNING AND ITS ACTIVATION
[millionday] The Ministry of Planning during the last year plan to eliminate unemployment within the five year development plan 2013-2017, confirmed the low unemployment rate during the next three years to under 6 percent, especially given that the increase of the current record up to 12 percent.
saw al-Bandar, the trend towards government employment can not be a decisive factor in the reduction of unemployment, and that depends on a certain extent in Run manpower where it reduces these ratios but within tight limits, unlike other economic sectors that could contribute to slashing directly.
[millionday] NOTE -- THE COUNTRY`S PLANNING WILL LOWER UNEMPLYMENT AND THAT IS VERY EXCITING AND IS PART OF THE UPCOMING MOVES IN THE MARKET
[millionday] NOTE -- THIS IS AN ANNOUNCEMENT TO THE COUNTRY CITIZENS -- VERY HOPEFUL AND ONCE AGAIN ADDED CONFIDENCE IN THEIR FUTURE
[millionday] considered that investment contributes directly to reducing the high rates of unemployment, it also contributes to the diversification of the economy in the country,
through the establishment of tourism projects, industrial, agricultural and service attracts a lot of hands, the young are able to work, as in the neighboring countries with a high incidence of tourism,
they provide a lot of employment opportunities for the need for cadres in all aspects of this sector.
called on the competent authorities to work on the development and diversification of the country's economy, activate all sectors through which to develop the GDP and thus contribute effectively to reduce unemployment and to push development and diversification.
millionday] NOTE -- ONE OF THE HUGE GOALS OF IRAQ IS TO DIVERSIFY THE INDUSTRY AND THE GDP AND ALSO THE ECONOMY AND MARKET -- SO HUGE IN ALL SECTORS –
SO THIS IS STATING THAT THE INVESTMENT THAT IS COMING TO IRAQ WILL HELP IN IMPROVING AND REACHING THAT GOAL
[millionday] returned Abdul booster to say that the mixed sector he can run the local workforce and the elimination of unemployment and poverty, by working on the expansion of its projects capable of cover a large proportion of the requirements of the local market, pointing out that the continuous rise in demand for various products thus parallel population growth and expansion in the creation of new areas.
[millionday] SO AS WE SEE -- THE STEP THEY ARE TAKING TO MOVE TO A MARKET ECONOMY IS GOING BRING JOBS AND ALSO THE HUGE MOVE TOWARD DIVERSIFICATION IN THE MARKET –
HUGE AND ENCOURAGING STATEMENTS IN WHERE THEY ARE AND WHERE THEY ARE GONG TO THE CITIZENS
[slh5282] so considering they are transforming to a new market, what is the suspected time line for a reality rate adjustment to meet the transition otherwise they will be working for pennies correct?
[millionday] slh5282 WHEN THEY MOVE TO A GLOBAL MARKET ECONOMY THEY WILL HAVE TO HAVE A PRICE FOR THE DINAR THAT IS A REALITY AND CALCULATED VALUE FOR THE PRICING INDEX IN THE COUNTRY
AND ALSO THE ISX AND ESX AND ALSO THE GLOBAL MARKET FOR EXPORTS AND IMPORTS AS WELL
[lstar877] In your opinion does it look like the reopening of the isx aug 3rd is a new date we may see international trade? I guess this is similar to slh5282's question
millionday] THEY HAVE NOT SAID THAT IT WILL BE ON A GLOBAL LEVEL WHEN THEY REOPEN BUT THEY HAVE SAID THAT IN AUGUST THE ESX WILL BE JOINGING THE ISX AND WILL BE USING THE IRAQI DINAR
SO WE WILL HAVE TO WAIT FOR THE TIMELINE OF THE ANNOUNCEMENT ABOUT IT
[millionday] UNTIL WE SEE IT IN INK WE WILL JUST BE GUESSING AND THAT IS NOT FAIR TO US OR TO ALL OF YOU -- SO WE WILL WAIT FOR THE NEWS OR REPORT OF WHAT THE PLAN IS
[jtank] I think that once Iraq gets rolling with everything proposed they will not have enough manpower
[millionday] THIS IS A STATEMENT THAT SOME REPORTS DISAGREE WITH DUE TO THE HURRIED TIMELINE
[millionday] announced a coalition of state law falls within the National Alliance, on Sunday, that the next meeting of the Council of Representatives will see the names of the candidates put forward for the post of President of the Republic and not to vote for them.
The leader of the Coalition MP Ali Keywords in an interview for "obelisk" "The House hearing for Wednesday, will be to get to know the names of the candidates officially for the post of President of the Republic, and not selected after the vote for them,"
explaining that "after subtracting names there will be a dialogue between the blocks political agreement on the choice of the candidate. "
[millionday] NOTE -- I HAVE SEEN THEM MAKE AN OFFICIAL CALL FOR THE EXPERTS THAT ARE IRAQI CITIZENS TO COME HOME AND HELP WITH WHAT THEY ARE TRAINED IN
[millionday] THE REPORT IS STATING THAT THE PRODUCTION OF ALL THE NAMES WILL BE DONE ON WED AND NOT THE VOTE BUT WE WILL SEE ON WED AND EVERYDAY WHAT HAPPENS WITH THE PRESIDENT PLACEMENT
[millionday] He ruled that the "settled consensus on Wednesday, as they need for some days," stressing that "according to the context of constitutional to settle the naming President of the Republic before the 30 July present," adding that "after naming the President we'll (the National Alliance) asking our candidate for prime minister during the constitutional period of 15 days.
" It is scheduled to be held Iraqi Council of Representatives, on Wednesday, its fourth to selecting a president, especially after he managed in its previous three named Salim al-chairman of the House of Representatives and Haider al-Abadi and Aram Sheikh Mohammed, his two deputies.
millionday] SO THEY WILL ASK FOR THE NAME OF THE PRIME MINISTER AND ALSO DO THIS BEFORE THE DEADLINE DATE OF JULY 30TH FOR THE PLACING OF THE PRESIDENT
[millionday] THIS REPORT DOES NOT COINCIDE WITH HOW IT IS DONE HOWEVER -- THE PRESIDENT IS PLACED AND HE PUTS IN PLACE THE PM SO WE WILL SEE WHAT HAPPENS IN THE NEXT WEEK OR SO IN ALL OF THIS
[millionday] I THINK IT WAS PRETTY SELF EXPLANATORY SO I WILL BRB WITH MORE
wilson6060] When the POR is placed does that cancel out the interm gov..
[millionday] wilson6060 NOT UNTIL THE PM IS PLACED AND SEATED
[carpet] Its very little doubt we’ll see a rv in July
[carpet] just asking your opinion
[millionday] I DONT KNOW THE DATE BUT SEE THAT IT CAN HAPPEN AT ANYTIME –
NOTHING IS KEEPING IT FROM MOVING FORWARD WITH THE INDEPENDENCE THAT CBI HOLDS –
AT THE SPEED THEY ARE GOING IT HAS TO BE PUT IN PLACE TO MOVE TO THE MARKET ECONOMY THEY ARE TALKING ABOUT AND ANNOUNCING TO THE CITIZENS
[sudo1114] Is it your opinion this will be a float or a fixed rate?
millionday] I BELIEVE THAT THE BEST FOR IRAQ WOULD BE A MANAGED FLOAT FOR AT LEAST SIX MONTHS BUT THE MOST IMPORTANT IS WHAT THEY HAVE PLANNED AND THEY HAVE NOT RELEASED THAT INFO YET
dinar dave] MD. A couple of weeks ago I believe the article about the ESX opening had a date. When you have time could you please check if it was the beginning or end of the month please???
[millionday] I WILL SEE IF I CAN FIND WHAT PART OF AUGUST FOR US BUT I KNOW IT SAID AUGUST
[graylnjo] Is it not correct nothing will happen with the rate until maliki is totally gone?
[millionday] graylnjo I HAVE NOT SEEN THAT IN INK FROM CBI –
THEY HAVE THE ABILITY TO CHANGE THE VALUE AND SET THE EXCHANGE RATES WHEN THEY WANT TO NOW THAT THEY HAVE APPROVAL OF THE MONETARY POLICY THEY HAVE IN PLACE BUT IF I SEE IT I WILL BRING IT
jtank] and where do u think a managed float would start at monetary wise? IYO.
[millionday] I DONT KNOW THE RATE BUT WOULD THINK THAT A 2% FLOAT ONE WAY OR THE OTHER WOULD BE THE MANAGED AMOUNT IF IT GOES HOW IT LOOKS TO ME TO BE THE BEST RESOLVE
BUT DONT HAVE THIS IN INK -- I JUST THINK IT WOULD BE BEST FOR IRAQ AND I DONT COUNT MUCH FOR THE PLANNING OF THE COUNTRY -- LOL
[jtank] start at 1-1
[millionday] I WOULD NOT SEE THAT TO BE THE CALCULATION BUT NOTHING HAS BEEN STATED
[sudo1114] Can the currency traders manipulate purchasing upwards or down in large swings?
[millionday] THEY HAVE DEDOLLARIZED IRAQ BY REGULATION AND WILL BE ABLE TO PULL IT FROM BLACK MARKET AND ELSEWHERE COMPLETLY WHEN THE DINAR ALWAYS BUYS MORE THAN THE DOLLAR -- CALLED A SPREAD IN SOME CIRCLES
[sudo1114] So this will be managed unlike short selling?
[millionday] NOT ACCORDING TO THE CBI REGULATIONS --- THEY HAVE A % THEY ARE ALLOWED TO GO OUTSIDE OF IN A MARKET ECONOMY AND IT IS SET BY CBI REGULATORIES
[millionday] I DONT KNOW -- WAS JUST SAYING I WOULD SEE THAT AS BEING THE BEST IDEA--- NOTHING IS IN INK -- I WAS JUST ANSWERING WHAT MY OPINION WAS FOR THE COUNTRY --- NOTHING IN INK ABOUT IT
[millionday] I DONT KNOW -- WAS JUST SAYING I WOULD SEE THAT AS BEING THE BEST IDEA --- NOTHING IS IN INK -- I WAS JUST ANSWERING WHAT MY OPINION WAS FOR THE COUNTRY --- NOTHING IN INK ABOUT IT
[millionday] OK BRB WITH MORE
[ernier] In early June people were saying the ISX going on the one platform and then the esx or whatever going live on Aug 1 - appears that has changed now?
[millionday] ernier THEY WERE ALREADY LINKED TO NASDAQ AND THEN IT WAS STATED THAT THEY WOULD BE FINISHING ALL PLATFORM DETAILS TO BE ABLE TO LAUNCH IN JULY THE OMX PLATFORM FOR THE ISX
AND IT ALSO CAME OUT OF THE KURD NEWS THAT THEY WOULD BE LAUNCHING THE ESX IN AUGUST WITH USING THE IRAQI DINAR FOR FUNDING
[millionday] bankers said Jordanian The exchange market Jordanian recover gradually with the return of financial flows, from Iraq to normal, after weeks of unrest.