Millionday Roundtable 5/13/15 Part 1
Welcome to dinarupdates.com for Roundtable with Millionday!!
Millionday: Parliamentary Finance Committee member Masood Haider, that directed the central bank to issue and print new cash categories will be preceded by the preparation of the decision to delete the zeros of the currency.
Haider said, that "the central bank decided to print large cash classes in preparation for the application of the decision to delete the zeros of the currency in the coming period."
Millionday: NOTE -- THEY HAVE DECIDED TO REMOVE THE THREE ZERO CURRENCY
Millionday: He added that "the parliamentary Finance Committee discussed with the Governor of the Central Bank on the Keywords subject of printing new categories in the event of cash availability after the rise in oil prices and achieve financial abundance."
The member of the Finance Committee, said that "the Central Bank has decided to reprint some of the larger denominations to prepare the application of the decision to delete the zeros of the currency in the coming period."
Millionday: NOTE -- IT IS OBVOUSLY NOT CLEAR HOW PRINTING LARGER DENOMS WILL ASSIST WITH REMOVAL OF THE THREE ZEROS BUT IT IS PART OF THE PLAN -- AND IS FOR FINANCIAL ABUNDANCE
Millionday: He pointed out that "the decision has undergone extensive study to assess the economic feasibility and to be implemented depending on the timing proposed by the administration to the central bank."
Haider said that "the new denominations to be printed will be of category 50 100 thousand Iraqi dinars."
Millionday: THEY HAVE IN THE PAST STATED THAT THEY ARE PLANNING ON PRINTING THEM FOR STRATEGIC REASONS AND NOT FOR CIRCULATION ---
BUT THE BEST PART OF THIS IS THE DECISION IS MADE TO REMOVE THE THREE ZEROS AND MOVE FORWARD ---THE TIMING IS PROPOSED BY CBI ---
billionaire: "that directed the central bank to issue and print new cash categories will be preceded by the preparation of the decision to delete the zeros of the currency."
I thought the finance committee didn't give directives to the CBI. Sounds like the committee wants one thing but the CBI is saying no, we are printing large denom's.
Millionday: THE TIMING OF THE CBI IS GOING TO BE GIVEN - THE DECISION HAS BEEN MADE BY CBI TO MOVE FORWARD -- THE LAWS ARE BEING PUT IN PLACE TO MAKE IT SUCCESSFUL ---
Cricket22 Millionday: Coming period? That's great!! But, what do you suppose their "coming period" time frame is? And.... Haider said the new demons will be 50 and 100 K's notes?
Millionday: THEY HAVE MET WITH CBI
Millionday: THEY TALKED THOSE DENOMS A LONG TIME AGO AND STATED THEY WERE FOR STRATEGIC PURPOSES AND GAVE NO REASONING ---
THE COMING PERIOD SHOULD BE AFTER ALL THE LAWS ARE IN PLACE IN THIS CURRENT PERIOD -- THEY DONT GIVE DATES JUST COMING PERIODS -- IN THE COMING DAYS -- BLAH BLAH
thomas1 Millionday: with all the news on chat this morning it sounds we may be in trouble
Millionday: IN TROUBLE?
Millionday: THE STOCK MARKET IS GOING LIVE WITH A SECONDARY MARKET --- THE DECISION HAS BEEN MADE TO REMOVE THE THREE ZERO AND IRAQ IS MOVING FOR WARD WITH THEIR MARKET ECONOMY --- NOT IN TROUBLE -- WE ARE INVESTED IN IRAQ
Loop: This is this line (He pointed out that "the decision has undergone extensive study to assess the economic feasibility and to be implemented depending on the timing proposed by the administration to the central bank.") ‘
from a different source "He added that "due Categories printed and fifty-one hundred thousand Iraqi dinars, "pointing out that" the thoughtful decision maker and for more than two years and only implementation remain. " ‘
From this translation it appears as if this is part of the plan the Saleh and Abadi both mentioned in articles dating a few years back. If that is true then these larger denoms may very well have already been printed.
Loop: very exciting and positive news
Millionday: I COMPLETLY AGREE LOOP
Millionday: THE PLAN HAS BEEN TALKED ABOUT FOR A LONG TIME -- SALEH TALKED ABOUT THE LARGER DENOMS AND NOT TO WORRY ABOUT THEM IT IS NOT FOR CIRCULATION AND THAT HE SEES IRAQ GOING BACK TO WHERE THEY WERE IN THE 80`S AND ALSO THE STRONGER IN THE REGION RATE --- ALL GOOD NEWS
mary: Do I understand this right, there is no known end date to this period (or coming period as they say) ...?.. How long are their periods generally ? .... and Thank You
Millionday: NORMALLY AND NO GUARANTEES BUT THE PATTERN HAS BEEN PARLIAMENT SESSIONS AS FAR AS I HAVE SEEN
CanTWaitwoRV: think I might have a mind twister....regarding this quote: "the Central Bank has decided to reprint some of the larger denominations"
CanTWaitwoRV: so...the 50k note and 100k note...how can they "reprint" something that hasn't existed?
Millionday: WE HAVE TO REMEMBER THAT ELECTRONIC BANKING HAS NOT BEEN USED IN THE PAST -- THEY DO NOT WANT TO MINIMIZE THE BANKING SERVICE /INDUSTRY REVENUES ---
CanTWaitwoRV: kinda why I'm thinkin these articles have a bit of "lost in translation" going on
CanTWaitwoRV: "reprint" is where I get stuck
Millionday: THAT IS THE PROBLEM -- THE TRANSLATIONS
tman23 CanTWaitwoRV: They have larger denom in coins......never issued....... and maybe reprinting in paper.....
Millionday: THEY CAN NOT SAY THEY ARE MOVING FORWARD WITH THE MONETARY POLICY AND ECONOMIC REFORMS ETC AND THEN SAY THEY ARE REPRINTING THE SAME BILLS -- IT IS A LOSS IN TRANSLATION OBVIOUSLY
CanTWaitwoRV tman23: coins work...purchasing power gotta change for that imo or the coins get melted like they did in the past
Millionday: Uncover Iraq Stock Exchange that three factors will push stocks trading to rise in the coming days.
The executive director of the market, Taha Ahmed Abdul Salam for "Qurtas News", that "the market recently affected by security conditions in recent months, as well as financial distress due to low Asaralinvt the world and the lack of liquidity and stopped most of the investment projects,"
noting that "our expectations during the next few days refers to the good work of the rise in the market, a share trading to the Iraqis and non-Iraqis because there are three possible factors that help to rise. "
Millionday: NOTE -- THEY ARE WORKING ON RISING THE IRAQI MARKET ---
Millionday: He said Taha that the first factor "Iraq for a loan from the World Bank, and the second is to reassure the government to the citizens that the workers in the ongoing government institutions salaries,
and finally enter 13 private company for trading on the Iraq Stock Exchange, what will live rates trading to a good level in the market."
He explained that "high circulation rates directly Ststhm in the development of the local economy to levels higher than the months that followed the tenth of June last year" .
Millionday: SO AS WE SEE THE WORLD BANK IS HELPING WITH ITS ENTRY AND 13 COMPANIES ARE ENTERING THE MARKET AND THE SALARIES --- THE ECONOMY LEVELS ARE EXPECTED TO RAISE
Millionday: HUGE TO SEE THE IRAQI STOCK MARKET GOING LIVE --- DOES NOT MAKE SENSE THAT THE MARKET WILL STAY STAGNET
clay: do we have a time frame for it going live
mike05: thoughts on when ISX goes live??
Millionday: WE DO NOT HAVE A TIMEFRAME --- BUT SOME REPORTS WERE SAYING MAY
mike05: once ISX is live...will we need a rate?
Millionday: THEY WILL NEED TO BE INTERNATIONALLY RECOGNIZED AND THE WORLD WILL HAVE TO EXCHANGE FOR VALUE
faith1: didn't it say in the coming days ??" noting that "our expectations during the next few days refers to the good work of the rise in the market, a share trading to the Iraqis and non-Iraqis because there are three possible factors that help to rise. " ?
Millionday: YES -- AND SOME REPORTS SAY MAY -- BUT THIS IS IRAQ --- WE ARE NOT SELLING THE FARM YET
Comments may be made at the end of Part 2 Thank You