Millionday News 3/8/16 Part 1 of 2
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Millionday: THE FIRST PART OF THIS REPORT IS ASKING --- HOW DOES THE IRAQI DINAR RECOVER ?
Millionday: Effects specialist Bhoan global stock subject very important when talking about solutions to mitigate the effects of the financial crisis , while pointed to the need for the introduction of the dinar on the stock exchange and adoption in business dealings to recover, how?
Millionday: AND WE HAVE WAITED YEARS FOR THIS
Millionday: He pointed out that the adoption of this mechanism will reduce dependence on remittances and eliminates the black market, it benefits also prevent the fluctuation of the Iraqi dinar exchange rate against the dollar, and other than that , it would give the local currency 's strength in the global market,
as well as its assistance to the citizen to get support in food prices through the purchase from the main source and the international prices without the high costs imposed by the mediators that.
Millionday: NOTE -- IT WILL MAINTAIN ITS VALUE ON THE STOCK MARKET AND BRING IN COMPETITIVE PRICES INSTEAD OF THEM BEING HELD TO WHATEVER PRICE IS PUT OUT THERE
Millionday: THE ONLY WAY THIS OCCURS OF COURSE IS WITH >>> GLOBAL PRICING INDEX CALCULATION BEING DONE
Millionday: NOTE -- THIS IS YASSER
Millionday: I find in this vision of the importance stand then through the Central Bank of Iraq and stakeholders examine this idea to make sure of their ability to help reduce dependence on the currency auction in providing import requirements and this is what will serve those seeking alternative solutions to maintain reserves of foreign exchange and thus strengthen the national currency through the adoption in the global market, in the sense that it takes its due role in alleviating the crisis.
Millionday: NOTE -- THE DUAL ROLE IS WHAT THE PRICING WILL BRING FROM THE MARKET ECONOMY AND ALSO THE SAVING OF THE DINAR/ECONOMIC CRISIS THROUGH REFORM
Millionday: this proposal comes at a time when we need to find ways to cope with its effects, we reiterate our call for a study by specialists, and if the global stock market was able to find a way out from the effects of distress financial why not to pursue this mechanism?
Millionday: NOTE -- OBVIOUSLY -- WHAT IS THE HOLD UP?
Millionday: As long as the talk about the stock market must be referring to it real indicator flour for overall economic activity in any country, and its importance to the external levels and internal through its contribution in providing a second income to the citizen sources through the use of some of his savings chunky at home,
and go out here to talk about the stock market and that the culture of another subject , although he is a modern connection, the question is do you really regain the Iraqi dinar role across the global stock market? we will continue to view money experts and economists to see.
Millionday: SO OBVIOUSLY THIS IS TALKING ABOUT THE ADDING OF FINANCIAL MARKETS -- DOES CREDIT- BONDS -- ETC WORK?
Millionday: IT DOES IF YOU WANT A HOUSE, BUSINESS, CAR , ETC AND THE WHOLE COUNTRY HAS BEEN BROKE
.larrykn: MD with this being said do you think they will come out at a fix rate first or float it from the beginning
Millionday: IMO -- IT WILL BE A MANAGED FLOAT --- AT 2%
Geofitness: 2% of its current value? That's not much of an increase
Millionday: A MANAGED FLOAT THAT ONLY ALLOWS IT TO FLUCTUATE FROM ITS RATE BY 2% EITHER DOWN OR UP
_firefly_ Geofitness: What she means is it will or should come out at a certain rate and cannot fluctuate more than 2% up or down
jtank: per month adjustment? weekly? daily?
Millionday: IN REAL TIME.. THE MARKET OPERATES IN REAL TIME
Millionday: DOES THAT MAKE SENSE ?
Millionday: IT WILL BE PAIRED WITH THE USD ACCORDING TO WHAT THE IMF REPORT STATED AND AGREED IN INK
puttright: I recall the IMF stating a bunch of years ago that Iraq could re-instate +20%.....anyone else remember that or am I dinar nuts
Millionday: I DONT REMEMBER THAT HUN
Millionday: OH I DO REMEMEBR AN ADJUSTMENT TALKED ABOUT AFTER THE FACT OR DURING CALCULATION -- THAT WAS MANY YEARS AGO
quicktolegit96: WITHIN 20% OF KUWAIT....
Millionday: THERE IS NO WAY TO TELL WE DONT HAVE RATE
Millionday: A follow - up -hasin Tgb concluded in the capital Beirut on Saturday of the World Conference and Exhibition on third for the financial and banking services in Iraq and carry the slogan «banking sector gate of financial inclusion and a pillar of sustainable development» under the auspices of the Central Bank of Iraq in cooperation with the Central Bank of Lebanon, the aim of the infrastructure of the banks and institutions to develop Finance.
Millionday: LET ME CHECK THAT BUT I THINK IT IS A TYPO -- IT ENDS TODAY BY WHAT I HAVE BUT LET ME CHECK
Millionday: THE BANKING CONFERENCE WAS THE MARCH 7TH AND 8TH DATE
Millionday: SO THIS SAYS SATURDAY BUT IT HAS TO BE WRONG
Millionday: READ EVERY WORD >>>> OBJECTIVES >>>Speaking Governor of the Central Bank on the Keywords During his speech at the Forum on great opportunities to diversify Alhadhalantegeh offered by the application of this approach, pointing out that commodity production contribution of the total output amounting to 16 percent only,
which means that there is ample room for the growth of agriculture and industry, pointing to the approaching Iraq to achieve self - sufficiency in the production of wheat, while imports millions of tons annually Keywords and said that the banking sector an important role in supporting growth and reduce unemployment in Iraq, through the financing of various sectors and expand the purchasing power of citizens
Millionday: NOTE -- KEYWORDS GAVE A SPEECH -- UNDERSTAND THAT IS ALAK --- STATING THAT THE MARKET WILL GIVE THEM HUGE RETURNS FOR GROWTH AND ALSO EXPAND THE IRAQI PURCHASING POWER --- AS WE HAVE TALKED ABOUT BEFORE ---------------
THEY PURCHASE WITH THE DINAR -- EXPANDING ITS PURCHASING POWER CAN ONLY TAKE PLACE THROUGH ADDED VALUE AND PRICE ADJUSTMENT
Millionday: Salman al - Jumaili, Minister of Planning said that the orientation private Nhawwalqtaa, requires the creation of «attractive investment environment» for foreign capital, and rehabilitation of state - owned companies, and converted to private companies profitable,
and the adoption of the partnership (between the public and private sectors) and their subdivisions, such as with funding projects forward, any funding deficit, and programs to support small and medium enterprises
Millionday: NOTE -- THIS IS TALKING ABOUT A MARKET ECONOMY THAT HAS BEEN PLANNED THROUGHOUT THE PLANNING THE MOP HAS DESCRIBED FOR YEARS AND WE HAVE READ –
ALSO ALL OF THESE CREATIONS TAKE PLACE WITH A RECOGNIZED CURRENCY AND ABILITY TO EXCHANGE AND ALSO THE STOCK MARKET -- MAKES NO SENSE ANY OTHER WAY --
Millionday: MACRO-ECONOMICS 101
Millionday: NOTE -- THE MINISTER OF PLANNING WAS AT THE CONFERENCE AS WELL --- OBVIOUSLY STATING THAT THE COUNTRY WILL BE CONVERTING TO A MARKET ECONOMY
Millionday: Head of Association of private banks and depositary Handal that the conference attracted many Arab economic and financial figures, pointing out that the banks can contribute to the treatment of problems such as unemployment and poverty by financing projects of all kinds and create jobs for young people,
noting that the conference called on the central bank and the competent authorities to apply financial inclusion, and the formation of a committee to develop the financial, monetary and banking system of the Central Bank and Ministry of Finance and experts.
Millionday: >>>>>> conference attracted many Arab economic and financial figures
Millionday: READ THIS OVER AND OVER >>>>>>>noting that the conference called on the central bank and the competent authorities to apply financial inclusion, and the formation of a committee to develop the financial, monetary and banking system of the Central Bank and Ministry of Finance and experts.
Millionday: OBVIOUSLY WE CALL ON THEM AS WELL FOR THE SAME REASONS
Comments may be made at the end of Part 2 Thank You