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Millionday: THIS IS WHAT CBI SAYS ABOUT THE 50,000 DINAR — READ EVERY WORDMillionday: The Central Bank of Iraq, Sunday, that the issuance of 50 thousand dinars category paves the way for the deletion of zeros from the currency, and among it will reduce the demand for the dollar, he pointed out that there is no link to the financial crisis with the new version.
Millionday: NOTE — IT IS PAVING THE WAY TO PULL THE THREE ZERO CURRENCY AND IS PART OF THE NEW VERSION
Millionday: A member of the Board of Directors of the Bank Ihsan al-Yasiri in an interview with the program “a quarter of an hour,” which aired Alsumaria TV, “The issuance of 50 thousand dinars category and think about the issuance of 100 thousand dinars category is a project that is not fortuitous, but put up since 2007,” attributing the release as ” there is a problem in banknotes sequence as the highest category of cash
Millionday: NOTE — THIS WAS PART OF THE PLAN FOR YEARS
Millionday: The Yasiri, that “the issuance of the new currency will facilitate a lot of transactions, and will contribute to reducing the demand for the dollar, at least in transactions,” stressing that “no income for the government to issue category, not to project any connection with the financial crisis or deflation and inflation.”
Millionday: NOTE — AS WE HAVE READ MANY TIMES — THE NEW DINAR SERIES WILL REDUCE THE DEMAND FOR THE US DOLLAR
Millionday: He explained Yasiri, that “issuance of 50 thousand dinars category, and our thinking by issuing 100 thousand dinars category is one of the preliminary steps for the project to delete the zeros”,
adding that “the project to delete the zeros needs to be action extends for more than a year.”
On the other hand, stressed Yasiri, “not to the federal government’s ability to withdraw funds from the reserve which is the cornerstone of the bank”, pointing at the same time to “the existence of alternative solutions to the financial crisis experienced by the country.”
Millionday: NOTE — IT COULD TAKE A YEAR FOR IRAQ TO HAVE ALL THE THREE ZERO CURRENCY RETURNED TO THEM
Millionday: >>>>>>>>>>>>>>>>The central bank announced (November 11, 2015) for issuing a new banknote category of 50 thousand dinars, attributing this to the completion of the Iraqi Securities monetary structure and the development of high value in the trading category.
Millionday: SO THIS IS PART OF THE MONETARY STRUCTURE AND DEVELOPMENT
plowboy: I’m sorry, if they revalue and its worth lots of dollars per dinar, why on earth would they want a 50K note? I thought they were clamoring for lower denoms.
Millionday: THEY ARE INCLUSIVE OF THE SMALL DENOMS AND COINS ACCORDING TO WHAT I HAVE READ AND BROUGHT IN REPORTS —
IT IS THE SAME REASON THAT WE IN AMERICA HAVE 100,000 NOTES — ECONOMICS AND MONETARY POLICY DEVELOPMENT
Millionday: THE PRICES OF PRODUCTS IS WHAT RAISES THE DEMAND FOR WHAT DENOM — IT IS NOT A PROBLEM THAT THEY ARE RELEASING THE 50,000 — IT IS PART OF THE ENTIRE PLAN — MEANING THIS IS GOOD NEWS
Holly1: so it will be another year for them to get the notes in … what about are note the same ? I don’t understand ….. IT COULD TAKE A YEAR FOR IRAQ TO HAVE ALL THE THREE ZERO CURRENCY RETURNED TO THEM… I am trying my best millionday to figure this Iraqi thing out
Millionday: LET ME EXPLAIN WHAT I MEAN —- IF YOU OPEN YOUR WALLET AND IT IS FULL OF $100 NOTES — SOME ARE BLUE AND SOME ARE GREEN AND IT COULD BE THAT WAY FOR A WHILE — YEARS — WE HAVE CURRENCY HERE AND MANY IRAQIS HAVE CURRENCY ETC MEANING THE DINAR — IT COULD TAKE A YEAR BEFORE ALL IT IS TURNED IN
Millionday: WE READ REPORTS OF THEM HAVING A WAY READY TO DESTROY THEM A LONG TIME AGO — BUT EVERY STEP IS NOT KNOWN YET
Holly1: oh I got it … all notes … pulled in …. Thanks bunches DUH! slow on that one millionday … and ty ….
quicktolegit96: BASED ON YOUR ABOVE STATEMENT, IT COULD POTENTIALLY TAKE A YEAR FOR THE DINAR TO REACH $1….DRAWING IN NOTES WILL INCREASE THE VALUE OVER TIME….
THIS IS IF THEY DO A FLOAT WHICH SOUNDS LIKE THAT IS WHAT IS GOING ON…
Millionday: BASED ON WHAT I WAS SAYING — I AM REFERRING TO THE ACTUAL NOTES BEING ALL TURNED IN TO CBI — NOTHING TO DO WITH A FLOAT OR RATE —- IT IS NOTHING TO DO AT ALL
quicktolegit96: SO U ARE TALKING ABOUT “ALL 000” NOTES?
Millionday: OR ANY OF THE SERIES THEY WANT TO GET BACK AND CHANGE
quicktolegit96: TY, MAKES SENSE
Millionday: THE BILLS THEMSELVES IS WHAT THEY ARE MEANING
Nadita: so this is basically to reduce the note count..???
Millionday: YES IMO IT IS ABOUT BRING IN THE CURRENCY THEY CALL — THE THREE ZERO CURRENCY
Holly1: because like i read instead of having 30 papers in your pocket you have a card or a few dollars ?
Millionday: CORRECTION ——— THE US DOLLAR DENOMINATION THAT IS LARGEST IS 10,000
plowboy: but how does issuing 50K and 100K help pull them in? It looks like it would only add to the problem.
Millionday: WHEN THEY RELEASED THE PLAN TO HAVE THE 50,000 YEARS AGO — THEY STATED FOR STRATEGIC REASONS — IT DID NOT APPEAR THEY WILL BE PART OF THE PLANNED CIRCULATION
maine: so they may only do this in stages so that we cant exchange all at once> could that happen?
Millionday: THE ONLY REASON WE WOULD EXCHANGE WOULD BE FOR THE RELEASE OF THE INTERNATIONAL CURRENCY RATES — PAIRING
Millionday: THIS IS ALL ABOUT IN COUNTRY AS THEY INTRODUCE THE ECONOMIC REFORM
maine: yes but if we have 1000 250k etc they will do all of them?
Millionday: THE GOAL TO MOVE TO A MARKET ECONOMY WILL REQUIRE INTERNATIONAL PRICES AND VALUES FOR ALL CURRENCY FOR FAIR TRADE AND WTO COMPLIANCE BY WHAT I HAVE READ FOR ACTIVE MEMBERS
Boomshakalaka: so are you saying that we could be at this for another year?
Millionday: NO — I AM SAYING THAT THE REPORT IS STATING THAT IT COULD TAKE A YEAR BEFORE THE CBI WORKERS THAT WILL DESTROY ALL THE OLD CURRENCY HAS THEM ALL IN THEIR HANDS
puffdragon: So as the rv brings buying power the large denoms will be faded out due to the purchasing power and bring traded in for lower denoms is that a good assessment MD ?
puffdragon: Clarification, large denoms being exchanged for the lower denoms !
Millionday: GOOD POINT PUFF
Millionday: THE BUYING POWER AND HIGHTENED VALUE OF THE DINAR WILL BE A RESULT OF TRADE ETC BUT ALSO FROM THE GLOBAL PRICING INDEX BEING CALCULATED —-
THE DEMAND FOR THE DENOMINATION COMES FROM THE PRICES AND A MARKET ECONOMY — GLOBALLY —- REQUIRES FAIR TRADE ACCORDING TO THE INTERNATIONAL EQUATION THAT DETERMINES THE FLUXUATION ON THE FOREX MARKET FOR ALL CURRENCIES —
THE DINAR WOULD NEED TO BE CALCULATED TO ITS TRUE VALUE FOR THEM TO GO TO A MARKET ECONOMY
quicktolegit96: IYO, DO U SEE AT THE END OF THE YEAR, THE RATE BEING MORE THAN WHAT THEY INITIALLY STARTED WITH?
quicktolegit96: EX. STARTING AT 1 AND POSSIBLY BEING IN THE 3’S
Millionday: I DONT KNOW QUICK — SMILE
Millionday: THAT IS NOT WHAT WILL HAPPEN IMO
Millionday: ON THE MARKET DUE TO THE WEALTH IN IRAQ — THE DINAR WOULD BE BOUGHT UP DUE TO THE INTELLIGENT PEOPLE THAT WOULD KNOW THE VALUE WOULD RAISE DUE TO DEVELOPMENT AND ALSO RESOURCES OF MANY TYPES — ALSO THE DEVELOPMENT THAT IS BEING DONE — AND IT IS A LOT
jtank: no rate lol
jtank: anything below a dollar won’t help?
Millionday: HELP WHO?
jtank: iraq debt, funny, all
Millionday: WE WILL HAVE TO WAIT AND SEE WHAT THE PLANNED RATE IS OF CBI
Millionday: Imad emirate reform of public finance sector involves a package of measures needed to address imbalances and deficiencies in both sides of the general budget and measures, expenditure and revenue,’
so working to improve aspects of public spending and the use of new technology to optimize the use of resources and reduce its size without damaging the poor class, also requires It’s improving by the public revenue, particularly tax revenue and try to invent new ways to increase it.
Millionday: NOTE —THE USE OF COMPUTERIZED FLUXUATIONS AND CALCULATIONS HAS TO BALANCE WHAT IS SPENT AND WHAT COMES IN FOR THE BUDGET IN ORDER TO HAVE A HEALTHY ECONOMIC PLAN AND PROTECT THE POOR AS WELL
Millionday: Within this axis, said the economist d. Imad al-Ani of the Faculty of Administration and Economics at the University of Baghdad: that the reform of public finance sector process is one of the most important key steps for economic reform.
He said in an interview for »Sabah»: the process a driving force for economic and social reform comprehensively for being a basic requirement and necessary to build a society on the basis of sound economic focus on private economic activity and given opportunities to participate in the construction of Iraqi society.
Millionday: NOTE — ECONOMIC REFORM REQUIRES REFORMING THE PUBLIC FINANCE SECTOR — IT IS NECESSARY FOR OPPORTUNITIES — DEVELOPMENT — CONSTRUCTION — AND THE PRIVATE SECTOR
Millionday: >>>>>>>>>>>>>>>as well as the rebuilding of government revenues on the basis of efficient and effective market is also an economic reform value for the settlement of the national capital and attract foreign private investment.
Millionday: NOTE — SETTLING THE NATIONAL MONEY VALUE REBUILDS THE GOVERNMENT AND ATTRACTS INVESTMENT –(DUE TO THE DINAR BEING WORTH MORE THAN PAPER)
Millionday: He said al-Ani said the reform process include, inter fundamental and radical steps flowing in two directions presidents, the first repair expenses by which they can control measures on the size of public spending by improving public expenditure management, which includes the re-spending technology.
The second aspect includes reform of revenue and improve collected and invent new ways to increase and that the most important paragraph in this aspect focus on the reform of the tax administration and policy.
Millionday: NOTE — THE BUDGET REQUIRES REVENUES CONSTANTLY AND RELIABLE AND GROWTH
Millionday: and between al-Ani said the move needs to be a special technique graduated from an efficient and knowledgeable team in all regards Alanakkak the sense that the public spending gradually until you start rate to decrease gradually.
It is intended enabled public spending as the use of modern methods to assign a process where optimal use of this allocation, explaining This is done by tracking maintenance path since allocated and approved through the phase of implementation and exit from financial disclosure to the government and control the effects that result in all stages of down to the desired goal to them, stressing that financial reform is based on the re-distribution Specific to spend.
Millionday: NOTE — THE FINANCIAL REFORM IS GOING TO MONITORED BY COMPUTER PROGRAMMING —
Millionday: He said that means changing the role of the state drastically from the broad-interference and non-specified in the economy, characterized by the weakness of his competence to carry out specific and clear tasks and more effectively means that we have to take social things on a large scale and spend revenue more productively through redirected to finance development projects and basic services,’
the most productive and economic and social return on the biggest economic growth and those that contribute to the alleviation of poverty and raise the level of welfare of the citizen.
Millionday: NOTE — THEY EXPECT THE COMPUTERIZED MONITORING TO HELP THEM TO DIRECT SPENDING AND REVENUES CAREFULLY — THIS IS ALSO EXPECTED TO HELP IN AUDITING AND CORRUPTION REDUCTION OBVIOUSLY
Millionday: >>>>>>>>>>>>He concluded d. Ani to say: in light of the structure of financial resources and the multiplicity of developmental needs and diversity and with a defect in the general budget,
the need to increase public spending rationally check effectiveness and efficiency require the use of technology required to raise the efficiency of maintenance and paybacks as well as the activation of public revenues so as to ensure the safety of the financial position of the government.
Millionday: OBVIOUSLY THEY EXPECT MORE SUCCESS FROM TECHNOLOGY AND THE ADVANCEMENT IS MONETARY MONITORING IF OFFERS —
Millionday: NOTE — THIS EXCITES US BECAUSE IT SHOWS THEIR TRAINING AND UNDERSTANDING OF THESE ADVANCEMENTS — THIS IS HUGE PROGRESS
Millionday: Confirmed the Prime Minister Haider al-Abadi to members of the Provincial CouncilBabylon, on Monday, the importance of cooperation between all parties in the province, while stressing that more efforts to serve the citizens Babylonian. Ebadi said Office in a statement seen by Alsumaria News,
“The Prime Minister Haider al-Abadi contract, today, meeting with members of the Board of the province of Babylon “noting that”
Millionday: During the meeting, they discussed the general situation in the province of aspects, services, agriculture, industry and the displaced water and investment security in the province and provide services to citizens, including the sewage project in addition to the demands of the demonstrators from the people of the province. ”
Millionday: NOTE — UNITY
Millionday: NOTE — UNDERSTAND THIS HUGE COMMITTEE AND HOW IMPORTANT IT MUST BE
Millionday: The statement added that “al-Abadi listened to the problems and obstacles that stand in the way of implementation of projects in Babylon.” He stressed Abadi, according to the statement, “the importance of cooperation between all parties in the province and make more efforts to serve the citizens Babylonian,
providing everything you would contribute the provision of services, especially sanitation project and in all sectors of the people of the province. “He was headed Abadi earlier on Monday, the ninth meeting of the Supreme Commission for coordination between the provinces, which was held in the province of Babylon.
Millionday: SO – NOT ONLY IS THIS GREAT NEWS FOR BABYLON — ALSO THIS WAS THE NINTH MEETING SUPREME COMMISSION THAT IS COORDINATING BETWEEN PROVINCES AND THIS IS FOR UNITY — AND SERVICES — WHOOOOPOW
Millionday: NOTE — THIS REPORT IS HUGE BUT WHAT IT CONTAINS IS TOO
Millionday: I AM BRINGING SOME OF IT – IT IS A MEETING WITH LEADERS WITH ABADI ABOUT REFORMS
Millionday: READ VERY CAREFULLY
Millionday: He pointed out that he had discussed with the President of Kurdistan, Massoud Barzani, the importance of Sinjar as they cut through the supply of terrorists between Mosul and tenderness,
indicating that the editing process in which the Peshmerga participated in the Iraqi security system and the Iraqi army through the aviation, stressing that the Sinjar freed demolished by Iraqi and must raise the Iraqi flag In which. He said al-Abadi said «there are those who speak flags for the Kurdistan region and at the same time present a paper where all the concessions in order to withdraw the mandate».
Millionday: NOTE — THEY WERE PLEASED OBVIOUSLY WITH THE SINJAR ACTION — REMOVING A HUGE PASSAGE FOR SUPPLIES FOR TERRORISTS
Millionday: NOTE — NOW LOOK AT WHAT ABADI HAS DONE — AND REMEMBER WHAT IT DID FOR OUR COUNTRY AS WELL
Millionday: So called Prime Minister Haider al-Abadi defense industry body to produce drones light and medium weapons within international standards,
stressing the need to re-Industry war in Iraq and support the armament industry Mahlah.oukal Abadi’s office said in a statement the morning received a copy of the Prime Minister chaired a meeting of the Commission on military industries,
noting that «took place during the meeting was to discuss the development of a strategy to restore the military industry in Iraq and support the reinforcement of local industry and the importance to be within specifications Global and working on the production of light weapon lines, medium and mortars as well as the march aircraft industry.
Millionday: NOTE — HE IS CALLING FOR THE PRODUCTION OF WAR ITEMS AND SUPPLY — WHOOPOW — HUGE INDUSTRY
Millionday: »Abadi stressed the importance of integration of efforts between the public and private sectors and the need for foreign expertise in order to have production as best they have and the statement of the actual need for security and the military establishment.
Millionday: WHOOOPOW Millionday: THIS IS GREAT
Millionday: HERE WE GO WITH SOMETHING ELSE HUGE – LOOK AT THE WEALTH I WAS REFERING TO
Millionday: Al-Sabah and Oil Minister Adel Abdul-Mahdi signed with the Egyptian and Jordanian counterparts in the Jordanian capital Amman, a memorandum of understanding to enhance joint cooperation between Iraq, Egypt and Jordan in the field of oil and gas through a project to extend the oil pipeline from Iraqi territory to the port of Aqaba in Jordan
Alhashimah.oukal Mahdi in a joint press statement with his counterparts that this project is of strategic investment important projects because it would add a new an export outlet for Iraq contribute to raising the export capacity of the country,
adding that the memorandum states to extend an oil pipeline line 490-km from Iraq to the port of Aqaba and from there to North Africa through Egypt and hoped the direct implementation of the project in the middle of next year after it was completed geological surveys and technical studies for the project.
Millionday: For his part, Minister of Energy and Mineral Resources of Jordan Ibrahim Saif that »the Iraqi government approved an additional path for the implementation of the project adjacent to the Saudi border project and provide features extra, notably the reduction of the line distance carrier of crude oil which reduces the project, which is one of the joint Arab action goals and in the interest of the brothers cost,
while Counting Petroleum and Mineral Resources and the Egyptian Minister Tariq Mullah project is an important opportunity for Egypt to strengthen cooperation in the field of oil and Algaz.aly that search Abdul-Mahdi with King Abdullah II of Jordan bilateral relations between the two countries
Millionday: NOTE — THIS IS AN INTERNATIONAL PROJECT OBVIOUSLY — FOR LOGISTICS — OVERHEAD — PAYROLL ETC — THEY NEED TO HAVE AN ACTUAL VALUE FOR THE DINAR —
IT WOULD OBVIOUSLY BE USED WITHIN IRAQ AND IT IS THE IRAQI NATIONAL CURRENCY –
THIS IS A HUGE PROJECT — I AM SURE THAT THE COUNTRIES INVOLVED WOULD LIKE TO KNOW THE EXCHANGE VALUE AS THEY ALL WORK TOGETHER — THIS IS MY OPINION
Millionday: stressing the depth of relations and joint cooperation between Iraq and Jordan, especially in the field of energy, which culminated in signed a memorandum of mutual cooperation in building the oil pipeline, which accrue interest of Iraq, Jordan and Msr.erb Jordanian monarch for his country’s aspiration to complete the project to extend the Iraqi oil pipeline between Basra and Aqaba down to the land and coasts Egyptian, calling for investment of Jordan’s position as a corridor a strategic power in the region.
Millionday: WHOOPOW HUGE
puffdragon Millionday: DBL WHOOPOW MD
Millionday: I AGREE HUN — HUGE SMILE HERE Millionday: WHOOOPOW
Millionday: SO MUCH PROGRESS TO BRING IRAQ UP IN THE MARKET — SUCH PROGRESS AND THEY PLAN TO SUB OUT SOME OF THE WORK FOR THE PIPE LINE — GREAT IDEA AND GREAT PROJECT
JoeM: MD, have you seen anything regarding the activation of the customs tarriff law mid next month? Mountain goat has been going on about it today. Not that I usually read their posts…
JoeM: Can’t find an article link or anything…
Millionday: I HAVE NOT SEEN A REPORT ON A TIME BUT HAVE READ ABOUT THE WORK THEY HAVE DONE ON CONSUMER PROTECTION ETC –
ALSO THE EXPECTATIONS THAT TARIFF WILL IMPACT THE REVENUES FOR THE GOV AND BALANCE AS WE WERE READING FOR THE EXPENDITURES
Millionday: DOESN’T MEAN IT ISN’T OUT THERE HUN BUT I HAVE NOT SEEN A TIMELINE
puffdragon: They are going in the direction we ( our administration ) is running from !
Millionday: THEY SEEM TO BE REPEATING SOME OF THE STEPS WE USED TO REPAIR OUR COUNTRY DURING WAR TIME —
WAR INDUSTRY AND ALSO THE PIPE LINES — INFRASTRUCTURE AND CONTRACTS
Millionday: THEY ALSO HAVE MANY SIGNED FREE ZONE CONTRACTS I READ –
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