Welcome to dinarupdates.com for News Time with Millionday!!
Millionday: HERE WE GO WITH A PROBLEM WITH THE EXCHANGE RATE
Experts are concerned expected that Sarsrv exposed dinar to the disorder against the dollar Aazin reason to the suffering of the banking sector of the charges, and regardless of the validity of the allegations or not, this actually poses a serious stand to assess the matter and hedge and undermine the real causes behind this expectation.
I have followed completely Basghae Proceedings of the Annual Banking Conference, which was held last week, where fired a citizen is a first Hoalkhasr from the effects of the attack, which goes on the banking sector as a whole this phrase and hesitated Awamufrdh for more than ten times, and the fact it has an eye catching what does not accept doubt that something will happen without doubt.
Millionday: NOTE — SOMETHING WILL HAPPEN WITH THE PROBLEMATIC EXCHANGE WITHOUT DOUBT AND THE BANKS AND COUNTRY ARE SUFFERING
Millionday: and that has raised controversy that Union of Arab Banks delegation and in the words of head of delegation and Sam Fattouh that Lebanon went through the same circumstances experienced by Iraq from civil wars and political bickering, but the Lebanese economy has not seen a collapse until the moment remained the Lebanese pound over more than three conservative decades its stability, the fact that Lebanon’s economy was left out of the political pressure and statements media.
Millionday: NOTE — THE SUFFERING BEING EXPERIENCED WAS ALSO EXPERIENCED BY LEBANON AND NOT IN THE NEWS —
Millionday: The message is clear and everyone to be careful and keep the economy from the differences in order to stabilize the country because there is no stability without economic stability, and that requires the identification of the offending bank Aatalaq reckless accusations on the sector as a whole.
raised banks problem on the judiciary and said: The a portion of these violations have been resolved with fines double and remained prosecution going on, it is true that the irregularities of prejudice to economic security has to be the sequence, but the inclusion of all banks and collective punishment is not fair, especially since their impact on the large economy, it is the door of experts confirms that Atnmah without banks while accusing each banks irregularities.
Millionday: NOTE — THE EXCHANGE RATE NEEDS TO BE ESTABLISHED AND UNDER REQUESTED INTERNATIONAL EQUATION SO AS WE SEE — THE PRESSURE IN UNDENIABLE
Millionday: NOTE — UNDERSTAND THIS IS COMMON AND WITHOUT A MARKET PRICING INDEX COMPLETE THERE ARE UPSETS
Millionday: Therefore, the case threatens the possibility Dinarmojadda exchange rates of disorder if it continued without radical solutions, the required coordination of efforts to contain the crisis in order to not be a citizen Hoalkhasr first actually.
jwjd: is this good news or a step back?
Millionday: THIS IS NEWS OF EXPECTED PROGRESS AND RESOLUTION TO THE CURRENT ECONOMIC STALEMATE
Millionday: HOLD ON TO YOUR HAT WE HAVE WAITED ALONG TIME TO HEAR THIS
Millionday: Hashemi welcomed the Iraqi Institute adviser for economic reform, Dr. Ahmed al-Husseini to adopt the conference aims to introduce investment opportunities in Iraq Stock Exchange, describing the move as a good omen for the opening of the stock market to the world.
Millionday: NOTE — A GOOD OPEN WAS WHAT THE MEETING WAS ABOUT — OPENING THE STOCK MARKET TO THE WORLD ‘– WHOOOPOW
Millionday: The Company announced (Frentinor Aksjnj Frontier Exchange recently) all held a conference for global stock markets in London for the period of December 20-21 2016 with the aim definition of listed companies in Iraq Stock Exchange through presentations that will present to encourage foreign companies to invest and to enter the local market and the advancement of the Iraqi economy.
Millionday: NOTE — WHOOOPOW IF THAT IS NOT GOOD NEWS I DONT KNOW WHAT IS
Millionday: DECEMBER 20TH THROUGH 21ST
Millionday: The Husseini in a statement »Sabah»: that Iraq’s contribution to such quality conferences enhance the prestige of the country economically and commercially on the international level, noting that this conference will give a good impression to foreign investors what is going on in Iraq Stock Exchange and the movement of trading in it and the nature of the stock market.
Millionday: NOTE — THIS MEETING IS HOW TO INVEST IN THE INTERNATIONAL ISX — HUGE NEWS
Millionday: READ EVERY WORD
Millionday: He pointed to the need to have Iraq Stock Exchange this contribution clear in the gross domestic product of the country and to make transactions and transactions conducted by a real investment must play in addition to the gross domestic product, and not limited to being just speculation.
He noted that the market is still in the evolutionary stage weak and contribution in the formation of the gross domestic product of the fact that effective mechanisms and tools for the development of indirect investment are not available in Iraq. He said al-Husseini said a very important stabilizing factor on the subject of investment is direct, especially foreign ones.
Millionday: NOTE — ALL OF THE ISX INCLUDING FOREIGN WILL BE ADDED TO THE GDP WHICH IS USED TO CREATE THE ACTUAL VALUE FOR THE COUNTRY AND THE DINAR AND PURCHASING POWER ETC
Millionday: READ EVERY WORD — VERY IMPORTANT IN PROGRESS
Millionday: According to the Exchange, the Frontier company scheduled the participation of more than 50 global companies from various Arab and foreign countries and types of areas to promote and support the financial their markets in addition to the experts, economists and journalists interested in the economy and investment in region.
The Iraq Stock Exchange / stock market / founded in 2004 and is responsible for regulating and monitoring the purchase and sale of shares of listed companies to investors carried out by brokers and numbered / 47 / accredited brokerage firm by the market through the use of modern electronic systems operations economic institution.
Market is held 5 sessions per week at a rate of two hours of the trading day.
Millionday: SO ALL OF THE ISX IS READY AND ALSO SET UP ELECTRONICALLY — WHOOOPOW
poppy3: EARLIER THIS MORN SOMEONE SAID A POST SHOWED THAT THE WORLD BANK GAVE A ULTIMATUM TO CBI TO GET THE REFORM FINISHED TO ENTER GLOBAL ECONOMY BY JAN 1 DO U HAVE INK ON THAT
Millionday: IT MAY BE THE REPORT I HAVE ON THE WORLD BANK IT SOUNDS LIKE IT SO I JUST MAY MY FRIEND
.MOD.subgirlcopy: Can you tell me about the date Dec.20 and 21st 2016? what does that mean? for the ISX
Millionday: THAT IS THE DATE IN LONDON ABOUT THE IRAQI STOCK MARKET GOING TO THE GLOBAL WORLD — HUGE MEETING CONCERNING THE ENTRY OF IRAQ TO GLOBAL STOCK MARKET
wjd: is this the same conference you were talking about that was to take place next month – January 20-21st?
Millionday: NO THIS IS DECEMBER 20TH AND 21ST TO GET THE ISX GLOBAL AND PART OF THE GDP ACTUAL
Millionday: HERE WE GO WITH ONE OF THE WORLD BANK REPORTS I HAVE
Millionday: The World Bank said on Thursday it would lend Iraq $1.2 billion in emergency support to help it deal with the economic effects of its fight against Islamic State militants and low oil prices.
The budget support loan will be disbursed in a single tranche and should be available to Iraq before the end of the year, said Ferid Belhaj, a senior World Bank regional official who oversees Iraq.
Millionday: NOTE — THE 1.2 WILL ALL BE GIVEN TO IRAQ BY THE END OF THE YEAR IF……..
Millionday: Iraq’s state finances are heavily dependent on oil revenues, which have sunk as oil prices have plunged. At the same time, Baghdad has ramped up military spending in its battle against the hardline Islamic State group, which has killed and displaced thousands, and destroyed services and infrastructure.
Millionday: STIPULATION>>>>>Iraq has been fighting back after Islamic State overran a third of the country in 2014. The jihadists still hold territory in Iraq, including the second city Mosul, and swathes of neighboring Syria. Belhaj said Iraq had committed to undertake economic reforms to fix structural distortions that had dragged on its economy even before the current crisis.
Millionday: SO IRAQ HAS COMMITED TO MOVE ON REFORMS (ECONOMIC) SO THE WORLD BANK HAS AGREED TO GIVE THEM ALL DEVELOPMENT FUNDS BY THE END OF YEAR —
jwjd: By them getting a loan how will that push them to change the value of the dinar?
Millionday: THE MONEY IS TO BE USED TO DEVELOP PROVINCES THAT HAVE BEEN CLEARED OF TERRORISTS — THE PURCHASING POWER BEING CALCULATED IS PART OF THE REFORMS AND MANY AGREEMENTS
MArco: what comes first reforms or getting the money Karnac says……………………lol offer a thought even though it is just a thought …….. an opinion is OK LOL
Millionday: THE WORLD BANK HAS AGREED THEY WILL GET THE FUNDS BY THE END OF THIS YEAR AND IRAQ HAS AGREED TO ACTIVATE THE REFORMS — THEY ARE REPORTABLY IN THE MIDDLE OF ALL REFORMS BEING COMPLETE
Millionday: HERE IS A FORMAL CBI ORDER GIVEN TODAY THAT WAS SENT TO ME
Millionday: The Ministry of Finance approved on 2015/12/16 conduct a public auction auction (Y16) for the sale of the treasury for their remittances (364) on 12.20.2015
To / all licensed banks and licensed money transfer all companies and financial investment companies and broker the buying and selling of foreign currencies approved all companies(foreign exchange rate)
Millionday: ISNT THAT INTERESTING THAT IS BEING DONE AT THE SAME TIME THAT THE MEETING FOR ISX TO GO GLOBAL WILL BE TAKING PLACE
benvetted: its funny in the political world they use of the term “Reform”…. which to me = change in value of there currency….yes
Millionday: IT DEPENDS ON WHAT REFORM YOU ARE REFERRING TO — THE ECONOMIC REFORM INCLUDES THE NEW MONETARY POLICY
Millionday: NOTE — THIS IS VERY INTERESTING AND WE SAW THIS TAKE PLACE A LONG TIME AGO BUT THIS IS NOW AND DONE AGAIN FOR CURRENT
Holly1 Millionday: is the isx 2016 … a little confused 20th &21st 2016
Millionday: IT IS DECEMBER 2015 NEXT MONTH IT STATES — IT WAS A TYPO
Millionday: When then-U.S. Sen. Hillary Clinton voted to authorize the war against Iraq in 2002, she justified her support of the invasion as a way to protect America’s national security. But less than a decade later, as secretary of state, Clinton promoted the war-torn country as a place where American corporations could make big money.
“It’s time for the United States to start thinking of Iraq as a business opportunity,” she said in a 2011 speech.]
Millionday: The quote was included in an email released by the State Department on Wednesday that specifically mentioned JPMorgan and Exxon Mobil. JPMorgan was selected by the U.S. government to run a key import-export bank in Iraq and in 2013 announced plans to expand its operations in the country.
Exxon Mobil signed a deal to redevelop Iraqi oil fields. JPMorgan has collectively paid the Clintons and the Clinton Foundation at least $450,000 for speeches, and Exxon Mobil has donated over $1 million to the family’s foundation.
Millionday: NOTE — CLINTON DID A BUSINESS PROMOTION BUT NOW SHE HAS ADDRESSED THIS AGAIN
Millionday: Clinton’s comments pitching Iraq as a business opportunity for American corporations predated her declaration this year that her vote for the war was a “mistake.”
Clinton’s rivals for the Democratic presidential nomination in recent months have signaled that the Iraq War could become a key way of setting themselves apart from the former secretary of state — especially because her comments resurrect longtime concerns from war critics.
In the aftermath of the Iraq War, the Bush administration pushed to privatize wide swaths of the Iraqi economy.
Many prominent political voices charged that the conflict was not about national security or a humanitarian mission against a dictator but was instead an attempt to use military force to open up Iraq’s closed economy to foreign corporations — including oil giants like Exxon Mobil.
Millionday: NOTE — WE REMEMBER A FEW YEARS AGO WHEN THIS WAS STARTED SO THIS IS ABOUT NOW AND WHAT IS BEING DONE
Millionday: In the email that referred to Clinton’s portrayal of Iraq as a business opportunity, the Clinton-run State Department called Iraq a “market where your companies can make money,” and said that in meetings with corporate executives, “U.S. government officials returned to the theme that the U.S. government stands ready to help U.S. firms operating in Iraq.”
The dispatch also noted that Clinton’s deputy, Tom Nides, hosted an event “on investing in Iraq with senior executives from 30 U.S. companies and senior representatives from the U.S. and Iraqi governments.”
Millionday: NOTE — IN IOWA
Millionday: Campaign 2016: Hillary Clinton Pitched Iraq As ‘A Business Opportunity’ For US Corporations
ANDREW PEREZ @ANDREWPEREZDC ON 09/30/15 AT 8:37 PM
quicktolegit96: HOW MUCH CONFUSION ARE YOU EXPECTING? THAT TYPO COULD HAVE BEEN INTENTIONAL…JUST SAYING
Millionday: I EXPECT CONFUSION MYSELF SO WE SHOULD SEE ALOT OF IT IMO
Millionday: The Central Bank of Iraq, on Monday, reduced the value of the dinar against the US dollar.
According to a statement of the bank, that “lifting of US dollar selling to banks and exchange companies rate by 16 dinars any by 1.37 percent to 1182 dinars.”
The statement noted banks and the conversion of financial, investment and banking offices that “the exchange rate by international standards is still under study and will report results if completed, knowing that he has changed the base rate of the US dollar against the Iraqi dinar by the Bank to the (1182) dinars per dollar. ”
The bank was selling dollars at 1166 dinars, it reported statistically the bank sold more than $ 42 billion in the auction of the currency since the beginning of this year until last Wednesday.
Millionday: SO THE RATE HAS BEEN ADJUSTED AND THE INTERNATIONAL RATES ARE BEING CALCULATED FROM THIS VALUE ADJUSTMENT —
THE CONVERSION IS THE GOAL AND THEY ARE CURRENTLY WORKING ON THEIR GOAL AND OURS — SMILE
jwjd: please forgive me, I am trying to understand how devaluing is a good thing? 1182 is going the wrong way.
BGG: It gets them closer (or within) the required 2% IMF regulations… no one saw this coming – the way for them to comply was “give away” a few dinars per transaction… HUGE NEWS…
Millionday: NOTE == COST OF LIVING/INFLATION ADJUSTMENT TOOLS ETC WILL BE USED TO ENSURE THE ESTABLISHED BALANCE THAT CBI HAS IN THE MONETARY POLICY — SO ANY ADJUSTMENTS ARE ACTUALLY JUST USED AS A CONTROL MECHANISM
BGG: That is Market rate / CBI rate spread… no one had any idea how they would ever be able to get this valuation to work right – turns out – EASY. Give away 16 dinars per transaction.
BGG: AND – stop and think… they HATE their exchange rate going the wrong direction. There has got to be a MASSIVE pot of gold at the end of the rainbow…
hermantowncars: could this auction price change be calculated to clear out more us us dollars in order to just have dinars?
Millionday: THE MARKET PRICE IS TO CONTROL THE PARALLEL MARKET AND ALSO TO CONTROL INFLATION
Millionday: THANK YOU FOR YOUR POINTS BGG — GOOD POINT
MArco: (you missed me ) are auctions going on or stopped this week, tomorrow or next day or not.
Millionday: SORRY MARCO —-IT SEEMS THEY ARE FOLLOWING THROUGH WITH CBI ORDERS TO REMOVE ALL FOREIGN TO CBI ACCORDING TO WHAT I SEE
MArco: thanks , sp foreign is only thing they are auctioning
Millionday: ACCORDING TO WHAT I SEE
Millionday: THEY HAVE HOWEVER STATED BEFORE THEY WERE NOT DOING AUCTIONS AND THEN HAVE DONE ANOTHER SO WE SHALL SEE IF THEY CALL FOR ANOTHER — SEEMS NOTHING SET IN STONE IN IRAQ
Nadita: Comment : JP Morgan also downgraded oil to 20 and they are one of big companies involved in Iraq.. History repeats itself with different player
Millionday: GOOD POINT NADITA SMILE
awesomedtl: I MAY OF MISSED IT BUT WHAT DOES PROBABLAMTIC EXCHANGE MEAN? TYVM
Millionday: THAT IS WHAT THEY CALLED THEIR EXCHANGE RATE IN THAT REPORT — SO I LIKED IT
Millionday: HAVE A GREAT NIGHT AND ENJOY THE CALL