Millionday News 7/12/15 Part 1 of 2
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Millionday: Confirmed an economist possibility of adaptation of monetary policy towards the enhancement of the real production sector in the country through the mechanisms used by the central bank.
Millionday: NOTE -- THIS IS TALKING ABOUT CBI ADOPTING THE MONETARY POLICY AND THE LAUNCH OF IRAQI PRODUCTION -- WHOOPOW
Millionday: He went economist Karim Mustafa in an interview for the "morning" that any rise in the dollar against the Iraqi dinar will contribute to the increase of import is reflected negatively on the viability of local production to compete in the market warning to the impact of this equation on the orientations of the executive authority in the search for new sources to diversify budget revenues through production.
Millionday: NOTE -- HE IS SAYING THAT A RISE IN THE US DOLLAR IS NOT THE IMPACT IRAQ WANTS WITH THE LAUNCH OF PRODUCTION -- THEY WANT IT TO IMPACT THE DINAR THROUGH THEIR OWN MONETARY POLICY OR THEY ARE PROMOTING ANOTHER COUNTRY`S GAIN --
Millionday: it endorses Mustafa Madea him some economists in the importance of controlling banking experiencing the presence of hundreds and perhaps thousand banking and remittance market , through reduced and to encourage integration.
and recognized the importance of adding a very important mechanism which is restricting imports through letters of credit as is the case in all parts of the world, and
Millionday: NOTE -- THEY WANT TO CONTROL IMPORTS SO THEIR PRODUCTS ARE USED/BOUGHT ETC
Millionday: and added that he might be worth establishing a private bank for Documentary Credits to the private sector and other regulatory matters for Aitisa field here to address to it by Tobeirh.obescon determine the exchange rate of the dollar and other currencies Mustafa sees that many economists are beginning to call for setting a new rate of the dinar less than the current,
Millionday: NOTE -- HE IS SAYING THAT THE RATES SHOULD BE DETERMINED FOR INTERNATIONAL CURRENCIES AND THE DINAR LESS THAN IT IS
Millionday: Mustafa also demanding to float the exchange rate to be automatically according to the display mechanism and Tlb.obin Mustafa during his speech that the floating dollar exchange rate It will affect the standard of living, but returned and confirmed that the mitigation of this impact will be through several means.
He pointed to the issue of utmost importance regarding the constantly subsidies for fuel, water and electricity and vocabulary ration health sector and others, calling for a review of such sensitive topics and important in processors economic.
Millionday: SO HE IS SAYING THAT THE RATE SHOULD FLOAT AS SOON AS THESE ARE RELEASED -- CALLING FOR A REVIEW OF CONSTANT SUBSIDIES AND THEIR PRICING -- (COST OF LIVING)
slh5282: so with the lower rate that is in reality an increase correct?
Millionday: THE REQUEST FOR THE DINAR TO BE LESS IN ITS VALUE WOULD MAKE THE US DOLLAR GAIN
Millionday: MEANING --- IT TAKES LESS DINAR TO EXCHANGE TO GET A DOLLAR
Millionday: YOU WOULD GET MORE DOLLARS
Millionday: THIS WOULD BE GOOD
carpet: how could it be less then 1166?
Millionday: THAT IS HOW MANY ONE DOLLAR GETS OUTSIDE OF THE COUNTRY -- THEY ARE TALKING ABOUT THE IN COUNTRY AMOUNT --- THE DINAR WOULD BE STRONGER
Millionday: Economic thinker Hafez Altk gone, leaving his achievements Feat>>with his departure lacked the economic and intellectual circles and one of the men of the economy who left an intellectual wealth has contributed to strengthening the capacity and the status of the Iraqi economy .. he kept Altk which is one of the most prominent His "economic backgrounds of the Revolution of July 14, 1958
Millionday: NOTE -- ONE OF THE EXPERTS THAT HAS BEEN WORKING ON THE IRAQI ECONOMY HAS LEFT AND IS DONE (HIS FEAT) ---HE IS REPORTABLY THE HEAD
Millionday: OOPS -- GOD REST HIS SOUL
Millionday: About his biography of the deceased was born in the locality Sbabig aluminum in Rusafa Baghdad, and completed primary school in the Jaafari school.
Then he joined the central school medium, then completed a secondary school in central junior high superiority. He then joined the Faculty of Law in Baghdad, from which he graduated in 1949, and belonged to the bar. went to France to complete his graduate studies , master's and doctoral degrees
Millionday: NOTE -- SO SORRY THIS IS HIS OBITUARY
Millionday: which led to his appointment as the first Chairman of the Council of the Arab company's management.
Then work a full-time economic adviser in the Iraqi Oil Ministry. deceased retired from work and left Iraq to travel between France and Britain.
Passed away the inevitable alienation in the country of France the end of last June at the age of 88 years and the curtain came down for so large and profound achievements.
Millionday: GOODNESS THE GUILT TO STOP IN THE MIDDLE WAS OVERWHELMING
Millionday: HE WAS VERY INFLUENTIAL
Millionday: Head of the Iraqi Islamic Supreme Council Ammar al-Hakim stressed that civil peace initiative and state-building did not speak the language of sects and components and they took all the cards to the draft and see the basis of citizenship and human Alba.ozkr statement for the presidency of the Iraqi Islamic Supreme Council on Sunday, that "al-Hakim discussed during a meeting Ambassador Noureddine net representative of the president of CMI civil society, national reconciliation efforts in Iraq.
Millionday: "He stressed the wise, that" civil peace initiative and state-building did not speak the language of sects and components and they took all the cards to the draft and see the basis of citizenship and the rights of everyone, "
stressing" the importance of face Iraqi crisis, the logic and language of Iraq and to maintain the interests of the people so as to ensure their rights and aspirations.
Millionday: NOTE -- AL-HAKIM IS COMPLAINING ABOUT THE NATIONAL RECONCILIATION PAPER AND IS ENSURANCE OF PEOPLES RIGHTS
Millionday: Mr. Hakim reiterated "the importance that accompany security steps and victories on Daash terrorist steps on the political and social level."
For his part, net stressed that "peace initiative Ahli announced by al-Hakim represents a good solution Typically the Iraqi crisis," noting that "organized in coordination with the United Nations will do its efforts to conduct more dialogues with various Iraqi parties concerned to activate the initiative and resolve the outstanding problems. "
Millionday: SO AS WE SEE -- THEY ARE SAYING THE COMPLETION OF THE NATIONAL RECONCILIATION CONFERENCE WOULD RESOLVE OUTSTANDING PROBLEMS WITH PARTIES -- ETC
BGG: Hakim talking directly about the National Reconciliation is a good step...
BGG: it shows his political leanings... He's Shia - but he's Iraqi first. The Shia to the North are Iranian thugs.
BGG: this is a good sign for the long term stability of Iraq... Both Hakim and Sadr being on board with THE IRAQ is good.
Millionday: THE HUGE FOLLOWING WE HAVE SEEN OVER THE YEARS SHOW HOW HUGE THAT IS FOR THEM TO AGREE -- GOOD POINT BGG
Millionday: REMEMBER THE PAPER IS WRITTEN BUT THE CONFERENCE IN BAGHDAD HAS NOT HAPPENED YET
Millionday: NOTE -- THIS WAS FOUND LATE LAST NIGHT -- I WANT TO BRING IT IN NEWS AGAIN SO ALL CAN SEE -- HUGE NEWS - THINK ABOUT WHAT THEY ARE SAYING AND RECOGNIZE THE CONTRADICTIONS
Millionday: THIS IS THE REPORT BGG MENTIONED ON CALL
Millionday: Parliamentary Finance Committee endorsed the issuance of currency new high categories, pointing out that this process will contribute to the revitalization of the Iraqi economy and reduce dependence on foreign currency,
while stressed economist, said the central bank introduced a currency new procedure Saeb very help in raising the efficiency of the payments system and shortcut the amount of cash in circulation.
Millionday: NOTE -- THE DEPENDENCE ON FOREIGN CURRENCY WOULD BE THE US DOLLAR –
ACCORDING TO WHAT WE HAVE READ --- HOW COULD THIS MAKE ANY CHANGE IN THE CASH IN CIRCULATION IF THE AMOUNTS DONT CHANGE --A NEW CURRENCY PROCEDURE? INTERESTING WORDING
Millionday: NOTE -- THE ELECTRONIC WIRING OR SMART CARD IS REPORTABLY GLOBAL OR EVERYONE WOULD HAVE TO GO HOME TO USE ---SMILE -- NOT VERY ADVANCED IMO LOL
Millionday: READ EVERY WORD OF THIS REPORT
Millionday: member of the Finance Committee Jabbar Abdul Khaliq said, a statement singled out the "morning", that "the issuance of currency large category will reduce dependence on hard currencies in economic activities," pointing out that "one of the solutions proposed by the central bank to reduce the differences between that dinar and the dollar. "
Millionday: NOTE -- THE GOAL IS TO REDUCE THE DIFFERENCE IN THE DINAR AND THE US DOLLAR --- THIS WOULD NOT MEAN THE COLOR -- SMILE
Millionday: He said Abdul Khaliq that "Iraq's reserves of foreign and local currency enable Iraq to issue new coins and large groups,"
noting that the recent meeting between the Finance Committee and the Governor of the Central Bank was on the oscillation winning Iraqi currency against the dollar and the main solutions adopted by the Central Bank in order to reduce the difference. "
Millionday: NOTE -- THE LAST MEETING WAS CBI AND PARLIAMENT FINANCE AND THE TOOLS BY CBI THAT ARE TO REDUCE THE DIFFERENCE WITH THE DINAR AND THE US DOLLAR --- NOW THINK ABOUT THE FIRST REPORT --- MONETARY POLICY NEEDED TO ACTIVATE IRAQI PRODUCTION --- WHOOOPOW
Millionday: Governor of the Central Bank was on the oscillation winning Iraqi currency against the dollar and the main solutions adopted by the Central Bank in order to reduce the difference. "
Millionday: NOTE -- THE DINAR WINS AGAINST THE DOLLAR ---- HMMMMM LOVING THIS
Millionday: and on the draft raise zeros from the currency, Abdul Khaliq pointed out that "the project could not be implemented at this time because of the economic, political and security situation that prevailed in the country," noting that "the proposed thoughtful but is waiting execution time and the central bank is It specifies that ". While counting the Finance Committee member Sarhan Sylvana decision of the Central Bank issued 50 thousand class end of the year, as the recovery of the Iraqi economy.
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