Welcome to dinarupdates.com for News Time with Millionday!!
Millionday: OK BRB WITH NEWS WE HAVE VERY IMPORTANT TO LOOK AT
Millionday: FIRST LET ME SAY THIS
Millionday: NOTE — THE 12TH AND THE 13TH WERE THE DATES FOR THE BANKING CONFERENCES WITHIN IRAQ TO TAKE THEM TO A MARKET ECONOMY
Millionday: HCL NEWS
Millionday: Kurdistan: the three presidencies meeting stressed the approval of the oil agreement between the center and the region coalition of Kurdish blocs Farhad capable, Sunday, that the meeting of the three presidencies yesterday stressed the need to pass the oil agreement between the central government and the Kurdistan region to end their differences.
Millionday: HUGE NEWS TONIGHT
Millionday: He is able to “Eye Iraq News”, that “the meeting presidencies Saturday evening in the presence of leaders of political blocs stressed the need to pass the oil agreement between the center and the region to end the outstanding issues and differences between the parties,” noting that “the commitment between the center and the region oil will reflect the positive Ntaija level the country. ”
Millionday: NOTE — THEY HAVE AGREED ON THE HCL
Millionday: “We are waiting for the parliamentary finance committee delivered its final report to the law of the general budget for 2016 to the presidency of the parliament so that lawmakers vote on the law,” stressing that “the oil agreement between the center and the region from within the paragraphs of the budget, which will vote during the current week.”
Millionday: NOTE — DURING THIS WEEK THE HCL WILL BE VOTED IN FOLLOWING THE BUDGET VOTE
Millionday: It is said that a key cabinet and parliament Haider Abadi Saleem al-Jubouri and leaders of political blocs met on Saturday evening with the President of the Republic Fuad Masum, to discuss several outstanding issues in the forefront of exit unified stance towards the Turkish incursions into Iraqi territory.
Millionday: SO THEY ALSO SUCCESSFULLY DEALT WITH THE TURKEY MILITARY BUT THE HCL WILL BE VOTED IN DIRECTLY AFTER THE BUDGET EXPECTED THIS WEEK — ACTUALLY EXPECTED ON THE 16TH
ann4: The HCL has to have re-instated/revaluation of Dinar?
Millionday: IT IS THE LAW THAT COVERS ALL OIL AND HYDRO CARBON ETC THAT IS PART OF THE BUDGET AND HUGE IN THEIR GDP THE PRICE IS SET IN THE GLOBAL MARKET
Millionday: IT IS VERY IMPORTANT DUE TO THE MANY LAWS OF DITRISBUTION IT IMPACTS AND THEIR MARKET OBVIOUSLY DUE TO THE HUGE AMOUNT OF OIL SOLD
Nadita: so HCL is in the budget..? and they are going to vote on it on 16th..?
Millionday: THEY ARE EXPECTED TO VOTE ON BUDGET ON THE 16TH AND THE HCL IS GOING TO BE VOTED IN THIS WEEK FOLLOWING IT DUE TO THE IMPACT AND HUGE PORTION OF THEIR REVENUES AND BUDGET IT IMPACTS IT IS EXTREMELY IMPORTANT
chacol: So the HCL will be voted on the 16th after the budget?
Millionday: IT MAY NOT BE SAME DAY BUT THEY STATED IT WILL BE THIS WEEK
MArco: HCL this week or next?? I was confused
Millionday: THIS WEEK
Millionday: THIS WAS SENT TO ME AND IS HUGE DUE TO THE EXPECTATION OF THE STOP OF AUCTIONS AS THEY REFORM THE ECONOMY
Millionday: To / all licensed banks and money transfer companies and exchange companies (stop processing the dollar) 12/14/2015
Millionday: SO THIS IS A FORMAL ORDER FROM CBI AND MEANS NOW
Nadita: They are stopping auctions? and ready to take out the lower denom…
Nadita: So auction of pulling the USD has met the quota? and release of lower denom..?
Millionday: THIS IS STATING THAT THE BANKS AND MONEY COMPANIES ETC MAY NOT DEAL WITH DOLLARS ANY LONGER — THEY WILL BE SENT TO CBI I WOULD ASSUME FOR OIL PAYMENTS AS THE NATIONAL CURRENCY IS THE DINAR
Millionday: THIS IS VERY FORMAL AND MUST BE CARRIED OUT TO KEEP THEIR LICENSING
Millionday: THEY NO LONGER MAY ACCEPT THEM — THE PLAN OF REFORM HAS DESIGNED HOW THEY WILL BE DEALT WITH
Nadita: This means all the training for new banking system are done and they are about to kick this off.. whopowwww
Millionday: WAIT UNTIL YOU SEE ANOTHER REPORT I HAVE WHOOPOW
hermantowncars: so how is a currency auction different from a currency exchange? they are just trading on type of currency for another right?
Millionday: THE WAY I UNDERSTAND THE WHOLE DOCUMENT IS THAT THE BANKS MAY ONLY DEAL WITH DINAR INCLUDING THE MONEY TRANSFERS
Millionday: THEY MUST ONLY USE DINARS AS WE USE DOLLARS THE NEW REFORM HAS DESIGNED HOW THAT SHALL BE AND ALL OF IT IS NOT OUT AT THIS TIME
Millionday: BUT THE ORDER IS OUT — WHOOPOW
Millionday: THIS IS A LITTLE LONG BUT READ EVERY WORD — SMILE
Millionday: Emirate witnessed monetary policy in Iraq after 2003 and extensive reforms included legal personality and powers, objectives and tools.
Thus, the new monetary system witnessed several radical changes, which included components (monetary union, institutions, laws and legislation), in proportion to the new philosophy of the state.
Millionday: NOTE — THE REFORM NOW INCLUDES THE SAME AREAS AS DID THE CHANGE THAT PUT THEM IN THIS POSITION
Millionday: As a result of transformation Political been adopted based on the independence of the monetary authority monetary system, and thus ensured that the Iraqi central bank is independent. In this regard, economic expert Dr. said.
Falah Thuwaini «morning»: was the beginning of these transformations in the role of monetary policy is the central bank reforms through the enactment of a new law, is Law No. 56 of 2004, which was the most important of which is to give the Central Bank of Iraq recipe independence and Paragraph (2) of Article (2), that the central bank is independent,
Millionday: NOTE — THE MONETARY POLICY CHANGES HAVE BEGUN AS CBI IS INDEPENDENT PER LAW
Millionday: including on his efforts in order to achieve Ohdavh.ola receive any instructions from any person or entity, including government agencies, except for the text stating to the contrary, as well as respect this independence.
If shifts above and found its reflection to pursue a new alternative rather than cheap monetary policy that characterized the monetary policy in Iraq, which is an alternative rules fragmentary base (Taylor) in addition to the exchange, which are working together to respond to inflationary expectations and try to install the signal.
Millionday: NOTE — ALL LAWS ARE BEING APPLIED OTHER THAN THOSE THAT DO NOT COMPLY TO THE INDEPENDENCE CBI HOLDS OR GOES AGAINST WHAT THEY INTEND — IN ADDITION TO THE RULES OF THE EXCHANGE — WHOOOPOW
Millionday: He added. Thuwaini: As a result of the changes referred to the philosophy of the government must be a reflection of her return to the monetary issuance and the extent of government benefit from it.
And the fact that the central bank became independent and seeks to achieve his main goal represented by the stability of prices and the stability of the financial system, in other words the government can not use the CBI Kmtabah of money.
Millionday: NOTE — ALL PLANS ARE GOING FORWARD INCLUDING PRICES AND THE STABILITY PLANNED FOR THE FINANCIAL SYSTEM
Millionday: NOTE — CBI WILL MAINTAIN THE RESERVES AS THEY SHOULD HAVE IN THE PAST AND THE CURRENCY WILL HAVE MONETARY ISSUING AND GENERATED BY RESERVES (HARD BACKED)
Millionday: NOTE — THEY HAVE BEEN WORKING ON THE USE OF NORMAL TOOLS TO CONTROL THE VALUE EVEN AS IT HAS BEEN SET AT THE CURRENT ETC
Millionday: He concluded d. Thuwaini that the increase in the base money growth, which is reflected on inflation the form of rates and as a result a return cash issue for the government is a swell caused by the tax that the money supply has become a variable externally for the monetary authority in spite of its independence, and the reason is the rentier characteristic that the advantage of the Iraqi economy,
Millionday: NOTE — THE BASE OF GROWTH WILL BE FROM RATES, TAXATION, AND A RENTIER ECONOMY
Millionday: READ EVERY WORD
Millionday: and its dependence on resource Mali single rate of 90 percent, its crude oil revenues, which the state treasury intervention in foreign currency government is working on the Iraqi dinar replaced delivered by the central bank which issues Maakablha of currency.
Millionday: SO THE NEW DINAR IS BEING DELIVERED BY CBI OUT TO MOVE FORWARD WITH THE REFORM — WHOOOPOW
Nadita: WHOOPPOW… so they are ready to debut the lower denom..?
Millionday: ACCORDING TO THE CBI — THEY ARE BEING DISTRIBUTED
angus: I hate to even ask but is this the lower denoms or is this the 50k
Millionday: THIS THE NEW SERIES OF THE DINAR — THEY STATED THAT THE 50 K WOULD NOT BE OUT ON THE STREETS
Millionday: Finance Minister Hoshyar Zebari on Monday with the Director of Standard Bank in Iraq Jartrd Andreas Milleteo address the fiscal deficit.
A statement by the Ministry of Finance and the Agency for news of our economy received a copy of “Zebari met with Standard Bank director Jartrd and his accompanying delegation.
During the meeting, review of the financial and economic conditions in the global financial markets and the cooperation between the bank and government financial institutions and how to promote Iraqi economic system in the light of developments of the fall in world oil prices and address the fiscal deficit.
Millionday: SO THEY ARE WORKING ON WAYS TO PROMOTE IRAQ`S ECONOMY AND NEW SYSTEMS
quicktolegit96: you said the new series is being distributed “now” on the streets?
Millionday: NO CBI IS DISTRIBUTING TO FINANCIAL INSTITUTIONS
Millionday: >>>>>>>and its dependence on resource Mali single rate of 90 percent, its crude oil revenues, which the state treasury intervention in foreign currency government is working on the Iraqi dinar replaced delivered by the central bank which issues Maakablha of currency.
Nadita: ?comment… Iraq truly talks in riddle and beat around the bush and hides behind the mountain. They can’t promote their country without an internationally traded currency.. you think they are letting the cat out to us saying the fireworks is about to be lit..?
Millionday: THEY WILL NEED THE CURRENCY TO BE INTERNATIONALLY RECOGNIZED TO PROMOTE IT YES
Millionday: NOTE — THIS IS FROM THE LAST DAY OF BANKING CONFERENCE TODAY — ADDRESS FROM ABADI TO ALL
Millionday: Warned Prime Minister Haider al-Abadi, private banks [civil] obstruction of the implementation of government loans for special projects.
Ebadi said in a speech delivered on his behalf by Minister of Planning and Salman al-Jumaili in the annual Iraqi banking conference held in Baghdad today, “We have launched a few days ago, lending for industrial and agricultural projects, housing initiative in the amount of five Trelioat dinars,
as well as 1.5 trillion dinars for small enterprises was established between the government and the Bank of cooperation CBI an important role in the success of this initiative and we are determined to take serious steps to make it work.
Millionday: NOTE — HE IS WARNING THAT ALL REGULATIONS FROM CBI AND GOV BE FOLLOWED
Millionday: NOTE — REMEMBER AS WITH OUR COUNTRY — BANKS HAVE ROLES AND SERVICES THEY ARE ABLE TO OFFER — HE STATED NO GOV LOANS FOR GOV PROJECTS SO PLANNING AND REFORMS ARE FOLLOWED PROPERLY
Millionday: “He added that” these loans will be spent by specialized government banks, but the government is determined to activate the role of private banks and what we plan to do, but we strongly caution against placing obstacles that slow down implementation The aim get the economy moving and to diversify its sources and reduce unemployment rates so it will not hesitate to negligent accounting.
“Among Abadi in his speech that” the banking sector in Iraq under the sector government for decades and with the confidence enjoyed by the Central Bank of Iraq and the limited number of State-owned banks, but the requirements change political and economic destruction and put this sector face great challenges.
Millionday: NOTE — ANYONE NOT FOLLOWING THE REGULATIONS WILL SLOW DOWN THE PROCESS OF THE REFORMED ECONOMY OF IRAQ AND ITS DEVELOPMENT — AS HE SAYS HERE THERE ARE SPECIALIZED BANKS IN THE PROCESS —
Millionday: “He pointed out that” the emergence of many activities within the banking Kalkda banking and project finance, investment and financial development of the whole management of new signs but they need to establish and sustain.
“He continued that” In the reform package was the most important Matbenninah development finance sector through the issuance of a package of measures and policies which emphasized the implementation and follow-up.
Millionday: NOTE — OBVIOUSLY STATING TO FOLLOW THE REFORM PACKAGE
Millionday: NOTE — REMEMBER CBI STATED TODAY NO MORE DOLLAR DEALINGS AT ALL
Millionday: “He noted the prime minister that” Iraq is passing through today circumstance Mali difficult as a result of lower oil prices at a time of ASTM economy as a unilateral over many decades, but we believe and on the principle of [harmful Lord useful] that the time has come to activate the economic, agricultural and tourism sectors and others
also pursue a new philosophy of state based on a free economy and the privatization is supposed to support the procedures of this transformation the emergence of a strong and efficient banking sector.
“However, Abadi said,” but has to be for this conference to hold substantive review of the problematic obtained Some private banks, which harmed the interests of its customers and weakened the confidence to deal with such banks.
Millionday: NOTE — HE HAS JUST ANNOUNCED THAT NOW IS THE TIME TO MOVE FORWARD WITH THE MARKET AND A FREE ECONOMY
Millionday: NOTE — THEY WILL BE FOLLOWING UP WITH ANY BANKS THAT DO NOT FOLLOW THE RULES GIVEN
Millionday: “He explained that” banks and financial institutions today is the engine more important to the economy, development and reflected the strength of this sector in many countries to Mtnanh economy “and expressed hope of banks conference that” the quantity and quality leap is happening in the banking activity in Iraq, and about the transformation of advanced technologies methodologies work was essential in this area,
Millionday: SO THE BANKS ARE VERY IMPORTANT AND >>>>>>>>>>>>the quantity and quality leap is happening in the banking activity in Iraq, and about the transformation of advanced technologies methodologies work was essential in this area,>>>>> AND IF THIS ISNT A WHOOOPOW I DONT WHAT IS — SMILE
Nadita: I like the sentence “”We have launched a few days ago, lending for industrial and agricultural projects”
Millionday: I LOVE IT — IT APPEARS ALL HAS BEGUN
Millionday: THIS IS HUGE
Nadita: that means the train has left the station and we are just about open for business in Iraq.. banking is set to go and don’t try to hold the process with corruption because we will haunt you lol
Millionday: THERE IS ALSO A HUGE MEETING ON THE 16TH — THE SAME DAY THEY EXPECT TO MOVE NEXT YEARS BUDGET THROUGH
Holly1: Millionday soon we can hang are hats and take the shoes off and relax?
Millionday: HOLLY THEY HAVE BEGUN THE MONETARY POLICY AND MANY PARTS OF THE ECONOMIC REFORMS AND OTHERS AND HAVE ALSO PREPARED THE HCL THROUGH UNITY — GREAT NEWS
Millionday: Mustafa al-Hashimi aspires large number of citizens to maximize profits and get quick wins through the types of direct investment and indirect, but the latter type of investment facing challenges perhaps the most notable share prices and annual profits, or quarterly achieved with the trading period in the stock market.
Observers believe, Ban weakness exaggerated the profits earned by the share trading, buying and selling is one of the reasons for the reluctance of the public about the indirect investment in the Iraq Stock Exchange, as well as lack of awareness and lack of experience in this field, Maekers preference for investment of fixed assets, real estate and other.
Millionday: NOTE — SOME NEWS ABOUT ISX
Millionday: In this regard, the Advisory new specialist in Securities Mahmoud Munther in an interview (morning) call to reconsider the share price on the stock exchange being prepared for many citizens «is encouraging». He is stressing that one of the main reasons for reluctance to the public for investment in securities and stocks is the decline in these prices.
He explained that the supply of stocks is much larger than required, indicating that it was the result of increasing the capital of banks to 250 billion dinars, reflecting the negative impact on stock prices.
Millionday: NOTE — FINANCIAL ADJUSTMENTS MAY BE MISUNDERSTOOD
Millionday: NOTE — FILS
Millionday: According to the Article (13) of the organizational instructions for trading securities in the Iraq market No. (74) for the year 2004 is raise or lower the price of buy and sell orders b (50) fils Aoamadaafadtha.,
said Munther that there are companies that still the prices of shares without a single dinar, while there are other companies total price of its shares four dinars.
Millionday: NOTE — DATA ENTRY WITH ECONOMIC CHANGES IMPACT CITIZENS ETC — IT IS VERY HARD FOR MANY TO UNDERSTAND — HOWEVER THEY HAVE ADDED SPECIALISTS
Millionday: He said the share price in the stock market is not encouraging, calling for a review it in line with the level of ambition, as well as the increase will contribute to attracting the largest number of investors, whether they are local or foreign, explaining that the Securities Commission role in determining the the share price.
He revealed that the IPO Munther now is the best investment as a content of profit and at the lowest risk.
Millionday: SO THEY HAVE CALLED TO REVIEW THE SHARE PRICES DUE TO THE LEVEL OF AMBITION AS WELL AS THE EXPECTED INCREASE IN INVESTORS — DOMESTIC AND FOREIGN — WHOOOPOW
chacol: Do you know if the tariff will still start tomorrow?
Millionday: NO I DO NOT KNOW — IT STATED THE MIDDLE OF THIS MONTH IN THE REPORTS I READ AND I WAS UNABLE TO FIND AN EXACT DATE —
Nadita: So they are going to boost their economy by promoting ISX domestically and internationally. Other words soon or later, we can buy stocks in Iraq through local brokerage..?
Millionday: THEY DO PLAN FOR FOREIGN INVESTORS TO BE ABLE TO INVEST DUE TO THE LINK TO LONDON NEW YORK ETC — WHEN I DO NOT KNOW
khs1110: so all the guru nonsense about the 15 was just that, nonsense. There was never a date for the tariffs announced
Millionday: I CAN NOT SAY THAT AT ALL BUT ONLY THAT I HAVE NOT SEEN A DATE — THERE MAY BE ONE OUT THERE BUT I HAVE JUST READ THE MIDDLE OF THE MONTH — SMILE
Nadita: With all the good news you are bringing to us, seems like Iraq can’t wait to be a player in the global economy.. you think it can go this year so 2016 comes and they are running..???
Millionday: I DONT HAVE A DATE BUT IT DOES SEEM THAT ALOT IS GOING FORWARD AND THEY ARE GETTING ALOT DONE — VERY ENCOURAGING
Baxter1243: could there be any more information on the Tariffs coming out in the budget?
Millionday: THE TARIFF WILL BE REVENUES FOR IRAQ SO THEY WOULD HAVE BUDGETED FOR EXPECTED