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Millionday explains why it will take 2 years

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Millionday explains why it will take 2 years  Empty Millionday explains why it will take 2 years

Post by RoyBoy Wed Mar 04, 2015 3:51 am

Millionday: SO IT APPEARS THERE IS ALOT GOING ON AND I AM EXCITED

Millionday: al-Hashemi said the Iraqi Central Bank Governor Dr. Ali Keywords: the auction constant currency did not stop, but what happened is a change in the method and mechanism used in it, noting at the same time that there is coordination between the central and private banks to launch loans for small and medium enterprises. 
He said a number of media, including the "morning" that the currency, launched 10 years ago auction was one of extraordinary measures to maintain the stability of the exchange rate and

Millionday: NOTE -- THE BEST PART IS THE COORDINATION OF THE CBI AND PRIVATE BANKS

Millionday: resulted in the continuation of work by a lot of phenomena that have been the focus of criticism, pointing out that the new method determines the dollar sales of the need Actual where we came to the real number of actual need of the market, he said, adding that he will be the development of these mechanisms have been reviewed from time to time and depending on the circumstances.

Millionday: NOTE -- THIS MY FRIENDS MEANS THE CURRENCY WILL BE SOLD AT --- SUPPLY AND DEMAND -- A MARKET ECONOMY DEFINITION

Millionday: According to the relationship, this step will reduce undoubtedly amounts sold annually in the currency window to lower rates to contribute to the development of the economy and curb unemployment through coordination with private banks to launch loans for small and medium enterprises. 
He stressed that the new measures taken by the Central Bank, which will benefit them to sell the currency window is not on a daily basis as we did not stop the auction, but we changed the mechanism and method of implementation, explaining that the auction sale of daily currency was operating the Bank's departments to follow up Related currency auction.

Millionday: NOTE --- THE NEW MECHANISM IS THE NEW MECHANISM OF SUPPLY AND DEMAND -- LOVE IT AND HOW IT IS IMPLEMENTED -- SMILE

Millionday: He added: After studies and discussions with specialists and experts realism and scientific reached a new technique that will reduce a lot of money smuggling operations and support of the private sector in the work have been covered foreign bank accounts in dollars for the conversion process after the submission of the required details, stressing that there is coordination with the Ministry of Finance to cover all imports in dollars to be paid directly at the entry of goods into the country from the border crossing points. Indicating that the role of the central bank will be commercial invoices and accounts relating to scrutiny.

Millionday: NOTE -- ANY US DOLLARS THAT COME FROM IMPORTS WILL BE SENT DIRECTLY TO CBI AND CHANGED TO COMMERCIAL INVOICES AND ACCOUNTS -- NOT AS PART OF THE CURRENCY STREETS

Millionday: The Governor of the Central Bank announced proposals to support private banks in coordination with the Ministry of Finance in receiving government deposits and lending because the banking sector has a promising future.

Millionday: SO CBI HAS PROMISED TO SUPPORT THE FUTURE OF ECONOMIC BANKING FOR DEPOSITS AND LENDING --

jarhead: so do I understand they will continue selling their currency in supply and demand

Millionday: THEY WILL BE SELLING IT ONLY UNDER A MARKET ECONOMY STAGE OF SUPPLY AND DEMAND AS WITH MANY OTHER COUNTRIES -- WE ARE SEEING NORMALCY

carpet: would supply and demand be back to there original rate

Millionday: SUPPLY AND DEMAND MEANS THEY ARE MOVING TO A MARKET ECONOMY WHICH ACCORDING TO THE REPORTS WE HAVE SEEN MEANS -- GLOBAL TRADE WITH THE CURRENCY AS WELL WITH THIS REPORT

Millionday: JAR -- I MEAN THAT IS THE ONLY WAY THEY WILL BE SELLING IT

The Shoe: When is this to start or has it?

Millionday: IT SAYS IT IN PAST TENSE AS IN IT HAS BEEN TAKEN SO TRANSLATIONS SAY ALREADY BUT WE WILL KEEP READING ABOUT THIS

Skrappyone: So what this is saying is that the Currency Auctions have been repolaced by the Currency Windows at the smaller banks, like we have here in the US. The CBI gave more power to the smaller bank to make loans to the private sector to make it easier to get private and small business loans. The CBI will make money when the monies are exchange by the banks back into the CBI.

Millionday: THE DIFFERENCE IS THAT IT WILL BE CHANGED TO DINAR IN THE SINGLE WNDOW SYSTEM IMO AND BY WHAT I HAVE READ
==================================

Millionday: Hussein al-Tamimi Tgb D.oled ornaments Prime Minister adviser said: that the general budget pass many challenges as a result of circumstances through which the country of low oil prices and national confrontation aggression Daash that require the concerted efforts of all the good in order to overcome this crisis. 
This came during the opening of the Economic Forum organized by the Iraqi Economists Association in collaboration with the Baghdad College of Economic Sciences University, which carried the title "the mechanisms for implementing the federal budget for 2015" views and proposals,

Millionday: NOTE -- THEY HAVE HAD A CONFERENCE ABOUT THE BUDGET AND ALL IT HAS TO ACCOMPLISH -- CBI IS THERE AND THIS REPORT IS A SUMMARY

Millionday: adding that what weighs budget is the size of salaries and social benefits to be borne by the state and by eight million including four million employees and million retired and the rest is divided between social welfare benefits and martyrs and political prisoners and victims. 
He said in a statement to the (morning) that the state actually duty afford living of all citizens, attributing the cause to a few areas of work in Iraq, which led to rampant unemployment, which require Find More serious and means to address this imbalance through the support of a market economy programs.

Millionday: NOTE -- THE BENEFITS NEEDED DUE TO SO MANY OUT OF WORK IS HOPED TO BE MINIMIZED DUE THE IMPACT THE ACTIVATION THAT JOBS WILL HAVE ON THE LACK OF NEED OF ALL OF THE BENEFITS -- HOPEFULLY THE UNEMPLOYED WILL BE EMPLOYED -- SMILE

Millionday: He ornaments to the need to promote the Iraqi private sector this task, especially after the launch of the strategy of the private sector, which the government adopted in order to activate productive activities and service expertise and potential of the private sector. 
Addressing the homes of science and economists the importance of the proposal mechanisms to maximize the general budget revenues without relying on oil revenues. 
He ornaments: that the slight improvement in oil prices Asher health forecasts and estimates of prices in the budget expected a breakthrough soon in 
prices,

Millionday: NOTE -- THE LAUNCH IN THE PRIVATE SECTOR -- WHICH THE GOV ADOPTED IN ORDER TO ACTIVATE ITS POTENTIAL ETC -- LOVE IT

Millionday: which is not only related to supply and demand laws but public policy for adult players also everyone is urged to work according to studied plans do not look at the prices in the oil variables but rely on productive and service sectors of the economy and other, including industry, agriculture, tourism and investment. 
As head of the symposium, Dr. Sadeq al-Shammari said in his speech: that the current year's budget faces a series of challenges stand in the forefront of the decline Oil prices in world markets and the expenses of the war on Daash, also pointed out the correlation between politics and the economy and the relationship between them and the impact of each other.

Millionday: NOTE -- THE NEW MARKETS IS WHAT IRAQ IS PROMOTING FOR JOBS TO BE HAD -- THIS WILL BE TWO FOLD -- GAINS IN THOSE MARKETS AND THE LESSENING OF UNEMPLOYMENT

Millionday: He noted that the fall in oil prices in world markets, leading to move the Iraqi minds to create new outlets for new income-general of the federal budget, stressing that the lack of Financial revenues from the export of crude oil leads to a serious quest to move the joints of the economy, especially the agricultural and industrial sectors have elements of development and activation of production and this provides billions of dollars spent on the import of money-sector products.

Millionday: NOTE -- THEY ARE EXPECTING HUGE FUNDS COMING WITH THE NEW BUDGET AND EMPLOYMENT PLANS -- LOVE IT

Millionday: He noted that the country has natural resources are sufficient country 800 years to come to, There are also in Iraq competencies able to invest the wealth and employment in projects to achieve sustainable economic development that transmits Iraq into a new phase achieved the highest degree of economic viability of the country, pointing to the need to promote economic expertise to work and creativity in their fields.

Millionday: NOTE -- THEY ARE GOING TO GAIN BY THEIR ECONOMIC MARKET AS WELL -- LISTED AS CREATIVITY --- THIS IS WHAT MOST ARE HAVING TO DO THESE DAYS IN THE GLOBE

Millionday: The head of the Iraqi Economists Association Abdul Hussein al-Yasiri MacKay referred that the actor economy requires an organ bank developed can interact with all phases of construction and reconstruction, which was sought by the country, offers the best products offered at banks that deal with the biggest international companies. 
He pointed out the need for Iraq to Insurance cover a sophisticated system and act comparable to the banking system, noting that it achieves significant economic feasibility of the country because

Millionday: NOTE -- THEY HAVE DEVELOPED AN ORGAN BANK TO DEAL WITH THE ALRGEST INTERNATIONAL BANKS FOR THE CONSTRUCTION OF IRAQ -- WOW
Millionday: SIGNIFICANT FEASABILITY -- WHOOPOW

ROBINREDHED: ORGAN BANK, LIKE LIVERS AND KIDNEYS?

Millionday: BRAINS ONLY I HEARD LOL

Millionday: He pointed out the need for Iraq to Insurance cover a sophisticated system and act comparable to the banking system, noting that it achieves significant economic feasibility of the country because the insurance is a component of encouraging the development of production in all sectors, because it provides sufficient guarantees for the establishment of projects. 
while eating a member of the House of Representatives, former Abdul Abbas Xiaa history of budgeting in Iraq since the first in 1921, the budget down to the current year's budget, pointing out need to be objects of expenditure in the budget, a high degree of transparency.

Millionday: WHILE EATING A MEMBER OF THE HOUSE OF REPS -- THIS IS WHY THEY CANT GET ANYTHING DONE -- THEY KEEP GETTING EATEN

Millionday: SO WE HAVE A GREAT ECONOMIC CONFERENCE AND ALSO HAVE A HIGH DEGREE OF TRANSPARENCY -- WHOOPOW

preacherman: Does this all mean that we start with a float? Then move up!?

Millionday: NO IT HAS NO COMMENTS ABOUT THE ENTRY OF THEIR CURRENCY TO THE MARKET -- FLOAT OR NO FLOAT
=============================

Millionday: THE NEXT REPORT REQUIRES TWO HANDS ON YOUR HAT
Millionday: TWO HANDS
Millionday: AND PLEASE IF YOU ARE LEANING OVER SOMETHING SHARP REMOVE IT FOR SAFETY
Millionday: WHOOPOW

Millionday: Iraqi Central Bank announced in May 2012 that the process of deletion of zeros from the country of Iraq will be transferred to the trillions of billions, indicating that the process of replacing the currency needs to be approved by parliament.

Millionday: SMILE

Millionday: WHOOPOW >>>>>

Millionday: NOTE -- THIS MEANS THAT IT MAY TO TAKE ONE OR TWO YEARS TO COMPLETE

Millionday: He added that the relationship "This operation will be preceded by regulatory and administrative processes and the form in which it will start moving in," adding that "the Bank began creating currency models and training of cadres to it."

Millionday: NOTE -- THEY HAVE ALREADY BEGUN AND TRAINED FOR THIS PROCESS AS WELL

Millionday: He accused the central bank, in (12 September 2011), government agencies obstructing monetary reform and vowed to persecuting, blaming those actors responsible for exposing the financial interests of the country to danger.

Millionday: NOTE -- ANYONE TRYING TO STOP IT WILL FACE LEGAL PROCEEDURES

Millionday: It is noteworthy that some economists believe that Iraq is not ready at the moment to delete the zeros from the Iraqi dinar, pointing out that the deletion needs to security and political stability as well as the stability of the economy.

Millionday: SO AS WE SEE HERE -- JUST LIKE ANYTHING ELSE -- SOME ARE AGAINST IT BUT THEY ARE NOT THE PEOPLE OF APPROVAL

Millionday: I HAVE TO SAY THAT I LOVE THIS ECONOMIC CONFERENCE -- SMILE

jarhead: all is here I guess PLS define delete the zeros

Millionday: IT IS PART OF THE ADVANCEMENT IMO

Danalivin4HIM: does this mean we may not see any change in rate for at least a year or two?

Millionday: NO THIS MEANS THAT IT MAY TAKE ONE OR TWO YEARS FOR ALL OF THE THREE ZERO CURRENCY TO MAKE IT BACK TO CBI

jtank: Do you think that the removal of the 50s was the start? They are talking in past tense as in already started?

Millionday: YES I THINK IT WAS THE FIRST STEP TO AVOID CONFUSION FOR THE CITIZENS AND BANKERS AS FAR AS THAT GOES --

Kcohen67: But they could very well start at $3.74 and slowly remove the zero's right?

Millionday: THE REMOVAL OF THE THREE ZERO CURRENCY IS A NEED FROM LACK OF USE DUE TO A CHANGE IN PRICES THEY MUST BE DOING -- IF THEY DONT NEED THEM THEY WILL REMOVE THEM IMO

Skrappyone: Didn't they say that they was replacing the 50 note and why would they if it is only worth .04 cents

Millionday: THE REASON THEY GAVE FOR THAT MOVE WAS TO LESSON CONFUSION FOR THE DELETION OF THE THREE ZERO CURRENCY

Kcohen67: my question wasn't answered
Kcohen67: But they could very well start at $3.74 and slowly remove the zero's right?

Millionday: THEY COULD SET THE RATE AND AS A RESULT HAVE A LINE AT THE BANK THAT WILL BE IN NEED OF CURRENCY DENOMINATIONS THEY CAN USE

Bentley: Wouldn't it make sense that the only reason for removing the 50's was to replace them with better ones for security reasons. Since they were about to be worth a lot and would be used quite a bit? As the majority of the big bills come in...they will take them out of circulation (like the $1,000.00USD and the $10,000.00USD bills)

Millionday: THEY HAD A DESCRIPTION OF THE 50`S ALONG WITH OTHER BILLS WHEN THEY DESIGNED THEM AS A NEW SECURE BILL -- SO THEY MAY COME OUT WITH THEM WITH THE REMOVAL OF THE THREE ZERO CURRENCY
========================================

Millionday: AND I AGREE -- WHOOPOW

Millionday: Cabinet authorized the President, Dr. Haider Abadi right to challenge some of the provisions and articles contained in the general budget for the 2015 Act. 
This came in a Cabinet meeting normal ninth for 2015, which was held on Tuesday, led by Prime Minister Dr. Haider al-Abadi, 
and initiated by President brief review of the liberation of Salahuddin province, process, and discuss the situation, and provide required for the people of the province during operations and after the support, along with the provision of services in the liberated areas, and the ministries concerned to prepare for the resumption of work in these areas.

Millionday: NOTE -- ABADI HAS THE POWER TO ADDRESS ANY PROBLEMS THAT COME UP FROM THE NEW BUDGET ACT

Millionday: And authorized the Council and Prime Minister of the right to challenge some of the provisions and articles contained in the general budget for the 2015 law, and that the exposure verdicts and materials contested the Commission Alozma.kma Council of Ministers decided to inform the Ministries of Finance and Planning to approve the transfers amount eighty billion dinars from the agricultural initiative / Agricultural Bank to agricultural initiative / Ministry of Agriculture of the amounts that have been transfers were by the Finance Committee in the House of Alnwab.ozkr statement he Based on Maardth Minister of State for Women's Affairs in an emergency during the Council meeting

Millionday: NOTE -- THE PROBLEMS IN THE AREAS THAT ADDRESS WOMEN AND THEIR ROLE HAS BEEN BROUGHT UP FOR YEARS SO THIS IS NO SURPRISE -- SMILE

Millionday: the Council of Ministers decided to urge all ministries to allocate a percentage of leadership positions the level of general manager older women who enjoy career characterization necessary qualifications to fill those positions if available, consistent with achieving justice and balance in the nomination and appointment of leadership positions.
The Cabinet approved the exception of confiscated vehicles under anti-smuggling of oil and its derivatives Law No. (41) for the year 2008 of the Council of Ministers' decision No. (467) for the year 2012 and address the issue of registration in the Ministry of Interior / General Directorate of Traffic, to enable the Ministry of Finance / General Authority for Customs sold pursuant to the provisions of the law on the sale and lease of state property No. 21 of 2013.

Millionday: SO AS WE SEE HERE -- SOME ISSUES WILL BE ADDRESSED TO FIT THE MONITORED BUDGET ACT BUT THIS WILL NOT MAKE IT NOT ACTIVE -- JUST BEING ADDRESSED IN SOME AREAS AS SEEN FIT WITHOUT A LONG DRAWN OUT SITUATION

horsegal: is anybody worried about Iran 'controlling' Baghdad, as Netanyahu put it?

Millionday: IRAQ IS BEING SEEN AS AN INDEPENDENT NATION AND HAVE ALL THEY NEED TO ACCOMPLISH THIS WITH NO CONTROL FROM IRAN ETC

Millionday: FANTASTIC NEWS NIGHT -- LOVING IT ALL -- SMILE
=======================================

Millionday: Formed ministries of finance and planning, technical committee to confine the budgeted investment projects and the possibility of funding from World Bank loans.

A statement by the Ministry of Finance, on Tuesday, the agency received all of Iraq [where], a copy of the "agent Finance Minister Fadhil Nabi Othman met with World Bank representatives in Baghdad, Robert quality and the presence of representatives from the Ministries of Planning and electricity and water resources and the Municipality of Baghdad."

Millionday: NOTE -- THIS COMMITTEE IS TO MONITOR THE LOAN FROM WORLD BANK AND WHERE IT GOES (FUNDS) THIS WILL ALSO INCLUDE ANY OTHER OUTSIDE ASSISTANCE AS WELL -- GREAT IDEA AND OBVIOUSLY WITHT HE INTENTION TO MOVE FUNDS AND FUND PROJECTS ETC

Millionday: "It has to discuss the possibility to benefit from World Bank loans to finance the deficit in the general budget for the year 2015 through the funding of projects included in the budget for the same investment."
The statement noted that "the meeting resulted in the formation of a technical committee of Finance and Planning and a number of ministries and the ministries of inventory investment projects included the budget and the possibility of funding from the World Bank loan to finance part of the budget deficit."
It is said that the general budget for 2015 included the possibility of borrowing from the World Bank in the amount of two billion dollars to finance the budget deficit

Millionday: SO IF THIS BECOMES A REALITY -- THE LOAN FOR THE DEFICIT -- THEY HAVE CREATED A MONITORING GROUP AS WITH MOST ALL THEY HAVE DONE -- THEY ACTUALLY SHOULD GET AN AWARD FOR THE MOST COMMITTEES BUT COULD NOT BE MORE SERIOUS IN SUCCESS WITH THEM ALL -- WONDERFUL
==========================

Millionday: crushed by security forces, backed Pavoaj of the popular crowd, all defenses "Daash" in Salah al-Din, approaching the New Victory apron, added to the records of the bus trophies, especially after a day dining complete control the axes of Tikrit, which is the last bastion of those gangs in the province, when he was able to secure through Ataiwz- Tikrit, clearing the flag and Hamrin and role, as well as areas of "new Awja and soft and Mubarak Al-Farhan and Busaid" south of Tikrit. 
Following two days of the indication of the Commander in Chief of the Armed Forces , d. Haider al-Abadi, the start of operations, "Beck O Messenger of God," said Salahuddin provincial council, that "the security forces besieging now the city of Tikrit, the three axes.

Millionday: NOTE --- CRUSHED DAASH IN TIKRIT AS WE SEE HERE -- WHOOPOW

Millionday: near the storming of Tikrit and announced the Security Committee of the Council of Salahuddin province, on Tuesday, that the security forces have besieged the city of Tikrit of the three axes, indicating it is progressing towards the city center. The deputy chairman of the Committee Khalid Khazraji in a press interview: "The security forces of the army, the police and the crowd and folk, tribal, besieging the city from three directions," noting that "The first is the southern hub in Tikrit Hospital, The second-west axis, a president who is controlled by the security forces street. " He added Khazraji "The third axis is the North, which starts from the Edit mud neighborhoods Qadisiyah, College of Education," adding that "those forces were advancing towards the city center." He predicted Khazraji "enter those forces to the city center within 24 hours of the day yesterday, "Tuesday," pointing to "the absence of any role of the international coalition in the editing process of Tikrit and

Millionday: SO THE REST GOES ON TO SAY THE STEPS THAT WERE TAKEN -- HOWEVER -- WHOOPOW -- THEY ARE GETTING AND TAKING THE UPPER HAND -- AND THAT IS A PRAISE GOD FOR THE IRAQIS

cookie: Why would the US be upset that Iraq took care of Tikrit on their own???

Millionday: I DONT KNOW -- IT SHOULD BE GREAT BUT MAYBE THE RISKS THEY TOOK WERE A PROBLEM -- HOWEVER -- SUCCESS IS SUCCESS

Millionday: THIS IS GREAT NEWS TO SAY THE LEAST -- WE ARE SEEING HUGE BANKING PROGRESS

Skrappyone: How much longer do you feel they will let Maliki cause problems within the GOI

Millionday: I DONT HAVE A GUESS BUT MOST PEOPLE DONT KEEP THORNS LONG -- SMILE

Millionday: SEE EVERYONE AT ROUNDTABLE TOMORROW -- 1PM EST
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Millionday explains why it will take 2 years  Empty Re: Millionday explains why it will take 2 years

Post by Kevind53 Wed Mar 04, 2015 7:28 am

Wow, what a fantastic collection of news that does not change a thing for us ... Whoopow!

*****************
Trust but Verify --- R Reagan Suspect

"Rejoice always, pray without ceasing, in everything give thanks; for this is the will of God in Christ Jesus for you."1 Thessalonians 5:14–18

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