Millionday News 6/2/15 Part 1 of 2
Welcome to dinarupdates.com for News Time with Millionday!
Millionday: I NORMALLY START WIITH NEWS BUT WAS ABLE TO FIND SOMETHING SO INTERESTING I HAVE TO SHOW YOU -- IT IS GREAT
Millionday: NOTE -- THIS WAS OBVIOUSLY THE INITIAL PLAN TIMES BUT OBVIOUSLY STILL THE PLANS
Millionday: OCT 2014: New Prime Minister Albadi
"FULLY Inclusive Government"
SEPT 2014: ALBADI - VOTED NEW PRIME MINISTER
APRIL 2014: DFI Funds to be under CBI control MAY 22nd 2014
JAN 2014: Oil law in this Parliament - Gov Statement
DEC 2013 Economic Parliamentary: CBI Remove zeros 2014.
JUNE 2013 UN LIFTS IRAQ OUT CHAPTER VII SANCTIONS
APR 2013 CBI Largest Foreign Reserves in its History $72 Billion.
Millionday: NOTE -- SOME STATISTICS
Millionday: NOTE -- READ EVERY WORD -- YOU WILL NOT BELIEVE HOW EXCITED YOU WILL GET FROM THIS REPORT
Millionday: A successful Iraq will bring its economy and currency back from historic lows to an internationally recognized currency with world value. The dinar which had slipped to 4000/1 against the dollar, then advanced to 1,500 dinars to $1 dollar, following the end of major combat operations.
The whole Iraqi Stock Market was up nearly 40% in 2013. Experts predict an even higher rate of growth in 2013.
The dinar will be Iraq's preferred method of payment for oil and gas contract payments, this fact alone means that many central banks around the world will then require dinars to be held in their reserves.
Millionday: NOTE -- IRAQ PLANS TO USE DINAR FOR OIL IN THE FUTURE AND ALSO WILL BECOME A WORLD WIDE RESERVE CURRENCY
Millionday: Could it be possible that you are staring right into one of the most spectacular financial opportunities. Operation Iraqi Freedom will undoubtedly be a war marked in history for loss and tragedy, but hopefully it will be remembered for the rise of a great nation with a new democratic government.
Additionally, could it also be a war historically remembered for the financial opportunity it created for the forward thinking investors who recognised an ephemeral chance at the right time?
Millionday: NOTE -- WHOOPOW ---
Millionday: NOTE -SMILE -- SOUNDS LIKE THEY ARE READING SOME OF OUR MINDS
Millionday: NOTE -- THIS IS A REPORT WRITTEN CONCERNING ISX AND IRAQ`S ECONOMIC ABILITIES
Millionday: NOTE -- THE US DOLLAR SALE HAS BEEN STOPPED ALREADY
Millionday: NOTE -- RATED #1 GROWTH IN THE WORLD -- WHOOPOW
Millionday: The US and several other nations are in the process of taking every measure possible to rebuild Iraq. The country is gaining stability and could soon be on its way to becoming a sovereign and prosperous nation. What would this mean for the value of the Iraqi economy, currency, stocks, shares, property etc?
The value of the Iraqi economy has nearly doubled since the capture of Saddam Hussein. Investors who purchased dinars at the start of the operations have now tripled their money in a few years.
This has many investors predicting that the Iraqi economy will continue to boom. Even without help from other nations, with the World's second largest Oil reserves and the World's largest Gas reserves, it is abundantly clear that Iraq has all the resources available to expand and become an extremely prosperous nation.
Millionday: NOTE -- THIS IS THE COUNTRY YOU ARE INVESTED IN -- SMILE
Millionday: In fact, economists and investors are speculating that Iraq has the potential to become among the wealthiest nations in the world. Today you can take advantage of this potential and be part of those that benefit from Iraqs success.
Investing in Iraq at this point in history could mean nothing short of a once-in-a-lifetime opportunity for todays forward thinking investors
Millionday: WHOOOPOW -- YOU FORWARD THINKING PEOPLE -- SMILE
Millionday: A vibrant country with a highly educated population of just over 22 million people. Released from the repressive regime of Saddam Hussein, Iraq has the potential to become a $70 billion dollar a year economy, with one of the largest oil and gas reserves in the world, second only to Saudi Arabia.
Major industrial nations from around the world are present in Iraq, either as military or civilian support, to assist Iraq in its desire to establish a safe, secure and economically sound country.
Trillions of dollars have already been pledged for repair and restoration. Reconstruction of the infrastructure including power; water; road and highways; IT and phone systems; and health and human services, has already begun.
The United States has pledged over $18 Billion, military and civilian support, debt relief and economic ties that will give Iraq the capability to develop it's potential as a $70 billion a year economy, one of the largest in the region.
Millionday: NOTE-- CANT FIND MUCH WRONG WITH THAT
Millionday: Stock Market. ISX - Iraqi Stock Market
In 2006 a new stock market opened with record trading volumes pushing stock prices drastically upwards for the 27 firms listed, with over 2 billion shares changing hands in only 6 trading sessions.
In August 2007 the ISX opened its doors to foreign investors. 2013 ISX is now fully electronic and expected to be linked up with other bourses in the region and around the world shortly. ISX now trades 5 days a week. Today in 2013 there is now 94 companies listed and many more in the pipeline including various nationalised industries.
The central bank of Iraq offered its first treasury bonds on July 18th, with broad participation of the private commercial banks of Iraq.
Millionday: NOTE-OBVIOUSLY GAINS HAVE OCCURRED --ACCORDING TO STATISTICS ABOUT IRAQ WE HAVE READ
Millionday: Real Estate/Property Market.
Real estate in Iraq is booming, largely because of the severely depressed prices due to the restrictive policies of the old regime. With money flowing into Iraq, citizens are now buying houses in neighborhoods generally reserved for government officials.
With the new government firmly in place, the reconstruction of the infrastructure including rebuilding many of the major oil fields is steadily going forward. Iraq has signed tentative agreements with international oil companies to exploit its vast oil reserve
Millionday: SO AS WE SEE --- WE ARE NOT THE ONLY ONES THAT FIND THE POTENTIAL A LITTLE EXCITING
disciple7: I got here late was that a throwback article?
disciple7: it said "today in 2013"
disciple7: Today in 2013 there is now 94 companies listed and many more in the pipeline including various nationalized industries.
Millionday: THAT WAS A REPORT FROM CBI IN THE REPORTS -- YOU WILL HAVE TO REREAD RUDIE COPIED IT
Millionday: Excite financial crises plaguing the countries 'financial panic' cause in creating a state of panic among the public banks who have large financial deposits and is often caused this panic about expectations in the collapse of the currency Aujsairkd exposed to some of the banks that lead to the emergence of this case.
Although the crisis Almalahalta plaguing the country because of Astmrartzbzb oil prices that are indicators of liquidity disappearance of the national currency, the monetary policy is still porte reins things in processing.
Millionday: NOTE -- THEY ARE PROCESSING THE MONETARY POLICY
Millionday: Therefore, it is different we have here in Iraq and the reason for the occurrence of such description "financial panic" that some wounded to rumors and not to the reality of the situation because the indicators so far do not portend including raises anxiety and panic,
the source of these rumors come back to some of the statements of non-specialists on liquidity and focus on the aspects are not of interest and unrealistic.
advisable to leave these assessments by some who described the experts in the economy and they do not understand something of it to the owners of the experience, as should the economic press to address such a phenomenon and not marketing statements unrealistic.
Millionday: NOTE -- SOME OF THE REPORTS ABOUT THE ECONOMY ARE SCARING THE CITIZENS BUT THEY ARE WRITTEN BY PEOPLE THAT PRETEND THEY KNOW WHAT THEY ARE TALKING ABOUT
Millionday: proceedings up to this point is an important and helpful in mitigating the impact of the lack of liquidity, eight absence Anja not portends great danger as long as the country has the capacity physical Maysaad to overcome the crisis,
and in such a case must be to speed up the enactment of the Deposit Insurance Act to restore confidence Bodaoualmassarv and activating investment and most importantly provide liquidity.
However, private banks initiatives and its attempts to reduce the dollar exchange rate to give up part of their profits do not come out because they eat, and required in this case search the reasons, he noted that 50 banks pledged reduction but the dollar did not budge.
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