Millionday News 7/9/15 Part 2 of 2
Welcome to dinarupdates.com for News Time with Millionday!!
Millionday: THE BONDS ARE MATURED BONDS WITHIN 1 YEAR TO 1 AND A 1/2 SO THE AMOUNT YOU GIVE IN THE BOND (T-BILL) IS THE AMOUNT PLUS THE INTEREST YOU GAINED –
(ACCORDING TO MY UNDERSTANDING) AND THEY ARE STATING THAT THEY WILL BE PAYING MORE THAN THE MARKET AMOUNT –
SO THIS TO ME SAYS THAT THE BONDS WILL BE ON THE MARKET (ISX) AS WE READ IN A REPORT OF HOW THEY WILL SELL THE BONDS---
SO THE RETURN IS WHAT YOU INVEST + WHAT YOU GAIN --PER HOW BONDS WORK (I AM NOT AN EXPERT)
Millionday: THE PURCHASER CHOOSES ACCORDING TO REPORT -- US DOLLAR OR IRAQI DINARS
Millionday: MEANING THAT THE IRAQIS CAN INVEST OR FOREIGNERS CAN PURCHASE AND THEN IT WOULD BE EXCHANGED TO THIER COUNTRY`S CURRENCY FROM THE US DOLLAR -- (RATE ITS PAIRED AT WITHIN THIER COUNTRY) (I AM NOT AN EXPERT)
Millionday: WHAT PART DO YOU NOT UNDERSTAND?
Doodle Brain: I am being a time bandit. I am not able to get my question out correctly, so please continue. Sorry to take time away. I will work it out with the Mods when they have time. Thank you again.
Millionday: THIS IS AMAZING -- READ EVERY WORD
Millionday: Twilight News / announced the registration of companies in the Ministry of Commerce Department said Thursday that the cadres of the department completed the establishment of transactions (112) and a national company and (21) a foreign company during the month of June.
The Director General of the Department Ferial Akram Abdullah in a statement responded to Twilight News, she said her district has issued several decisions regarding the amendment of contracts for companies distributed between capital increase and the integration of the accounts of the company and liquidation of company accounts.
Millionday: NOTE -- CONTRACTS HAVE BEEN ESTABLISHED AND ANNOUNCED TODAY INCLUDING INTERNATIONAL COMPANIES
Millionday: It added that 21 were registered representative office a foreign company and a foreign company registration 3 branch and documenting 114 companies registered and marking records and forwarding (424) company to Investigating Judge for violating the controls and Altalima.
She Abdullah that the department has studied the final accounts of the number of national companies (2255) and the national company as well as the integration of the accounts of 51 companies and capital increase (51) company and a settling of accounts (8) companies and modify held 56 company and the study of the accounts of the offices and branches of foreign companies for (80 ) company.
Millionday: NOTE -- FINANCIAL ADJUSTMENTS AND FINAL ACCOUNTS CALCULATIONS ETC
Millionday: She explained about the ratification of the minutes of the circuit constituent meetings of listed companies during the period from 1/6 until 06/30/2015 of (142) in addition to the ratification of the minutes (40) a record of special meetings of the General Authority for joint stock companies.
Millionday: SO THROUGH THE SECOND QUARTER -- JUNE 30TH -- SMILE
MOD.subgirlcopy: Does this NOTE -- CONTRACTS HAVE BEEN ESTABLISHED AND ANNOUNCED TODAY INCLUDING INTERNATIONAL COMPANIES- start the 3rd quarter???? That is awesome news!!! I love the thought of the international companies being named here... Whooopoooww!!!!!
Millionday: WHOOPOW -- AND THIS IS THE DEPARTMENT OF COMMERCE
.MOD.subgirlcopy: Does this contracts start the 3rd quarter? July 1st??
Millionday: THE FINAL ACCOUNTS WERE CALCULATED TO THE JUNE 30TH OF 2015 -- MEANING WHATEVER CHANGES BEGIN JULY 1ST -- SMILE
HOTRODS: HOW CAN THEY DO BUSINESS INTERNATIONALLY IF THEIR CURRENCY IS NOT INTERNATIONALLY RECOGNIZED?
Millionday: MANY HAVE -- INCLUDING THE HOUSING BEING COMPLETED BY TURKEY -- HAVE DONE WORK ON CREDIT –
HOWEVER THE REFORMS AND MOVE TO A MARKET ECONOMY AND CHANGES THEY ARE ANNOUNCING WILL SHOW US THE ECONOMIC DEVELOPMENTS THEY WILL BE MAKING -- SO WE WILL SEE
HOTRODS: THANK YOU MILLIONDAY FOR ALL THAT YOU BRING! BUT AFTER 9 YEARS IN THIS .... I AM STILL CONFUSED!!! LOL
Millionday: THEY NEED THIER CURRENCY TO BE INTERNATIONALLY RECOGNIZED TO GO TO A MARKET ECONOMY -- HOTROD
Doodle Brain: I understand the "it needs to be internationally recognized..." really I do. But isn't it? They have a rate, they have their Petro dollars...Is it just because it is not tradable on a platform? and needs to be?
Millionday: NO IT IS NOT ON NASDAQ RIGHT NOW AND THE INTERNATIONAL RATES HAVE NOT BEEN RELEASED
Millionday: HOLD ON DOODLE LET ME GET SOMETHING TO HELP
Millionday: I WILL GET SOMETHING TOGETHER AND POST IT DOODLE OR WORK ON IT TO MINIMIZE IT FOR RT
Millionday: I WILL POST IN WHERE MY CHATS ARE IF I DONT ADD IT TOMORROW HERE
BGG: Ok - while Millie is off getting a report - I'll chime in here... this business about using the CRAM to "extrapolate" a credit rating for Iraq is not an accurate portrayal...
BGG: there is a lot of blabber out there about this right now - I mentioned it on my call. I cannot believe my eyes. The two part model is correct.
BGG: but Iraq is still showing as "7" risk factor - go look at all the others listed thusly (with a "7") and ask yourself are they good or bad risk factors?? Libya, Liberia, Nigeria, etc, etc, etc... commons sense folks.
BGG: it's a 0-7 system - 7 being the worst.
BGG: this is risk only - NOT A PRIVATE RATING FROM S&P, Finch, etc, etc, etc...
BGG: when they get such a rating it will be from a private rating agency and will be something like B, BBB, C, A, A- - etc, etc...
BGG: and the notion the US is a "6" is also silly - they can't read PLAIN ENGLISH -refers to a notation the U.S. is a very high income country and is not even subject to a rating of any kind. It doesn't apply to the US.
BGG: that's what happens when the "source" explaining such topics can't accurately give you the Gov of the CBI's name.
HOTRODS: WHO THEN GIVES THEM THEIR LEGITIMATE CREDIT RATING?
BGG HOTRODS: Private rating agencies - Standard and Poors... Fitch & Moody's (known as the BIG THREE)...
BGG HOTRODS: thus far they have not spoken.
BGG HOTRODS: and this other gibberish has nothing to do that.
Millionday: WE HAVE HAD HUGE ANNOUNCEMENTS TODAY -- HUGE PROGRESS FOR IRAQ
BGG: P.S. this next bit from MD will blow your doors OFF!!
Millionday: IT WAS NECESSARY TO BRING THESE ANNOUNCEMENTS TO YOU AND I AM SO GLAD I WAS ABLE TO DO THAT
Millionday: HOWEVER -- WE HAVE A HUGE REPORT THAT OUR LEADER POSTED ON THE BLOG ANDF I HAVE TO BRING YOU SOME OF THIS REPORT
Millionday: IT IS AMAZING AND IF YOU ARE NOT READING THE BLOG CURRENTLY YOU ARE MISSING ALOT
Millionday: BRB WITH SOME OF THIS REPORT -- OR GREAT INFO RELEASED BY CBI I SHOULD SAY -- BRB
Millionday: NOTE -- THIS IS A HUGE REPORT
Millionday: I AM TRYING TO BRING THE PARTS OF IT THAT APPLY RIGHT NOW BUT A MUST READ
Millionday: The absence of a general budget of the state in 2014 to continue the government spending without even the presence of these boundaries that we criticize and believe Bmatha, continued spending and continued resistance to the issuance of the budget,
and issued the budget in 2015 has not issued so far in 2014 budget, and was the lowest of the sense of responsibility of the various authorities requires a law to balance the 2014 to frame the actual spending only and are studied and discussed type and trends of this spending,
Millionday: NOTE -- THE CONDITION OF IRAQ`S ECONOMY WAS IMPACTED BY THE LACK OF BUDGET CLEAR BACK IN 2014
Millionday: THIS CONTINUED TO -- .......
Millionday: which led to the crisis (disaster current), however, the external indebtedness of opportunities for Iraq to cover spending requirements which became tight now and return for a loan of $ 800 million or a billion dollars from international organizations will be imposed on Iraq conditions to say the least it’s exciting social disorder more under this circumstance than is actually the disorder, once again safe and as a solution (with our knowledge of the imbalance in the structural Iraqi economy, not only financially)
Millionday: NOTE -- THIS IS FROM CBI AND IS ACTUALLY STATEMENTS MADE BY TURKI -- IMO -- HUGE STATEMENTS
Millionday: NOTE -- SMILE >>>“…the fiscal and monetary authorities in Iraq now that is seriously considering (and bravely) adjust the exchange rate of the Iraqi dinar and including in line with the real price for the operation of the economy and the productive sectors, we know that it will be at the expense of all of our dreams strongly Iraqi dinar, which was worth US $ 3.33…”
Millionday: NOTE -- THE FAIR TRADE THAT GLOBAL MARKETS BROUGHT ALSO BROUGHT A REQUIREMENT FOR A LEVEL PLAYING FIELD -- MEANING THE PARALLEL VALUE FOR ALL ACCORDING TO THIER OWN VALUE -- ASSETS --GDP--ETC
Millionday: NOTE -- READ EVERY WORD OF THIS --VERY INTERESTING >>> Although I think ease the burden immediate depends on the government’s ability to deliver services to its stakeholders (Rashadh spending), with the exchange mentioned price (Dream) fit state continued exporting oil to importing goods,
which led down to the erosion of the real in which economic sectors for the benefit of service activities or marginal associated abroad often, but
“…the choice is now between the high exchange rate of the Iraqi dinar, or building a strong economy are working with and the market economy efficient mechanisms and address the important part of the budget deficit, is no longer the exchange rate 1500 dinars to the dollar now enough, the economic impact the negative social to change the exchange rate significantly will be touch through high inflation in Iraq…
Millionday: NOTE -- THE GAIN FOR IRAQ AND ITS ECONOMY IS OBVIOUSLY AS STATED BY TURKI -- THE ABILITY TO DELIVER TO STAKEHOLDERS ---
Millionday: NOTE -- THE IRAQ MARKET (ISX) MUST BE ATTRACTIVE -- THEREFORE -- THE GAINS MUST BE ATTRACTIVE AS WELL FOR THE STAKEHOLDERS -- OR THEY WILL NOT SEE ENOUGH REASONS ($) TO INVEST IN IRAQ
JerryGarciaGirl: when was this report issued?
Millionday: LET ME LOOK IT WAS FROM TURKI -- BRB
JerryGarciaGirl: hello you dont' need to look, if it was during his CBI position, I probably have it... I should have asked if it is current.
Millionday: NOTE -- EXACTLY -- BUT HE WAS RIGHT IN THE MIDDLE OF THE CHANGES WE SEE RIGHT NOW SO NOT LONG AGO ACCORDING TO THE YEARS WE HAVE SEEN -- SMILE
Millionday: NOTE -- HERE IS THE LAST OF THIS
Millionday: NOTE -- NOT OLD NEWS IN THE MIDDLE OF THE PLAN CREATED
Millionday: and the implications of this increase in pressure on the owners with limited income and low-lying in the community, and to address it must at the same time seriously considered to provide a ration card incompetent reservation a minimum of standard of living of the citizen without pressure on the low food level originally and policy to rationalize the government imports directly through the use of
“…the Ministry of Finance for its own account dollar with the outside world believe that it can now in the short-term stand him seriously Inevitably, the face of the crisis, the central bank can use its reserve of foreign (currency which should be the last line of defense is to resort to him) to defend any exchange rate he wants, but to what extent and at what cost? This is important.
We hope that the crisis is an opportunity to build deterioration factor may be the impetus to take courageous decisions.”
Millionday: SO AS WE HEAR FROM TURKI`S POINT IS THAT DECISIONS HAVE TO BE MADE FOR IRAQ TO AVOID CRISIS -- HARD DECISIONS TO AVOID HARD RESULTS --- SO HUGE POINT THAT CBI MUST MOVE FORWARD WITH THE CURRENCY
Millionday: APPEARS CURRENT 148 07/08/2015 09:19 PM
BGG: Note - THIS was an OP ED Piece by Turki - dated today... lots of current context in the article... clearly displays the very choices we have pointed out Iraq being in the middle of.
BGG: I have it in the hands of a translator right now - I think a better, 1st person translation to english will be very illuminating... but probably just demonstrate what we've said all along.
Millionday: I AGREE -- THIS IS HIS DISCUSSION AND IS DATED CURRENT NOT YEARS AGO --
Millionday: I DID NOT FIND THIS -- OUR GREAT LEADER HAS AND IT IS IN ITS TOTAL PIECE ON THE BLOG
Millionday: I THINK IT SHOULD TRANSLATE BETTER TOO -- THANK YOU BGG GOOD FIND
Millionday: JERRYGARCIA -- THIS IS CURRENT HUN
Millionday: SO AS WE SEE -- IT IS NOT A SECRET TO IRAQ WHERE THEY ARE ECONOMICALLY WITHIN THEIR GOALS
Millionday: WE ARE GLAD TO BE ABLE TO GET IN TOUCH WITH YOU TO SHARE ALL THESE HUGE ANNOUNCEMENTS WITH YOU
Millionday: THANK YOU ALL THAT DID SUCH GREAT RESEARCH -- THE FORUMS ARE FULL OF RESEARCH AND NEWS -- GREAT JOB -- OUR MODS AND RESEARCHERS HAVE OUT DONE THEMSELVES