Millionday News 6/2/15

by **RoyBoy** Wed Jun 03, 2015 4:25 am

Millionday: I NORMALLY START WIITH NEWS BUT WAS ABLE TO FIND SOMETHING SO INTERESTING I HAVE TO SHOW YOU -- IT IS GREAT

Millionday: NOTE -- THIS WAS OBVIOUSLY THE INITIAL PLAN TIMES BUT OBVIOUSLY STILL THE PLANS

Millionday: OCT 2014: New Prime Minister Albadi
"FULLY Inclusive Government"
SEPT 2014: ALBADI - VOTED NEW PRIME MINISTER
APRIL 2014: DFI Funds to be under CBI control MAY 22nd 2014
JAN 2014: Oil law in this Parliament - Gov Statement
DEC 2013 Economic Parliamentary: CBI Remove zeros 2014.
JUNE 2013 UN LIFTS IRAQ OUT CHAPTER VII SANCTIONS
APR 2013 CBI Largest Foreign Reserves in its History $72 Billion.

Millionday: NOTE -- SOME STATISTICS

Millionday: NOTE -- READ EVERYWORD -- YOU WILL NOT BELIEVE HOW EXCITED YOU WILL GET FROM THIS REPORT

Millionday: A successful Iraq will bring its economy and currency back from historic lows to an internationally recognized currency with world value. The dinar which had slipped to 4000/1 against the dollar, then advanced to 1,500 dinars to $1 dollar, following the end of major combat operations.
The whole Iraqi Stock Market was up nearly 40% in 2013. Experts predict an even higher rate of growth in 2013.
The dinar will be Iraq's preferred method of payment for oil and gas contract payments, this fact alone means that many central banks around the world will then require dinars to be held in their reserves.

Millionday: NOTE -- IRAQ PLANS TO USE DINAR FOR OIL IN THE FUTURE AND ALSO WILL BECOME A WORLD WIDE RESERVE CURRENCY

Millionday: Could it be possible that you are staring right into one of the most spectacular financial opportunities. Operation Iraqi Freedom will undoubtedly be a war marked in history for loss and tragedy, but hopefully it will be remembered for the rise of a great nation with a new democratic government. Additionally, could it also be a war historically remembered for the financial opportunity it created for the forward thinking investors who recognised an ephemeral chance at the right time?

Millionday: NOTE -- WHOOPOW ---
Millionday: NOTE -SMILE -- SOUNDS LIKE THEY ARE READING SOME OF OUR MINDS
Millionday: NOTE -- THIS IS A REPORT WRITTEN CONCERNING ISX AND IRAQ`S ECONOMIC ABILITIES

Millionday: NOTE -- THE US DOLLAR SALE HAS BEEN STOPPED ALREADY

Millionday: NOTE -- RATED #1 GROWTH IN THE WORLD -- WHOOPOW

Millionday: The US and several other nations are in the process of taking every measure possible to rebuild Iraq. The country is gaining stability and could soon be on its way to becoming a sovereign and prosperous nation. What would this mean for the value of the Iraqi economy, currency, stocks, shares, property etc?
The value of the Iraqi economy has nearly doubled since the capture of Saddam Hussein. Investors who purchased dinars at the start of the operations have now tripled their money in a few years.
This has many investors predicting that the Iraqi economy will continue to boom. Even without help from other nations, with the World's second largest Oil reserves and the World's largest Gas reserves, it is abundantly clear that Iraq has all the resources available to expand and become an extremely prosperous nation.

Millionday: NOTE -- THIS IS THE COUNTRY YOU ARE INVESTED IN -- SMILE

Millionday: In fact, economists and investors are speculating that Iraq has the potential to become among the wealthiest nations in the world.Today you can take advantage of this potential and be part of those that benefit from Iraqs success. Investing in Iraq at this point in history could mean nothing short of a once-in-a-lifetime opportunity for todays forward thinking investors

Millionday: WHOOOPOW -- YOU FORWARD THINKING PEOPLE -- SMILE

Millionday: A vibrant country with a highly educated population of just over 22 million people. Released from the repressive regime of Saddam Hussein, Iraq has the potential to become a $70 billion dollar a year economy, with one of the largest oil and gas reserves in the world, second only to Saudi Arabia.
Major industrial nations from around the world are present in Iraq, either as military or civilian support, to assist Iraq in its desire to establish a safe, secure and economically sound country. Trillions of dollars have already been pledged for repair and restoration. Reconstruction of the infrastructure including power; water; road and highways; IT and phone systems; and health and human services, has already begun.
The United States has pledged over $18 Billion, military and civilian support, debt relief and economic ties that will give Iraq the capability to develop it's potential as a $70 billion a year economy, one of the largest in the region.

Millionday: NOTE-- CANT FIND MUCH WRONG WITH THAT

Millionday: Stock Market. ISX - Iraqi Stock Market
In 2006 a new stock market opened with record trading volumes pushing stock prices drastically upwards for the 27 firms listed, with over 2 billion shares changing hands in only 6 trading sessions. In August 2007 the ISX opened its doors to foreign investors. 2013 ISX is now fully electronic and expected to be linked up with other bourses in the region and around the world shortly. ISX now trades 5 days a week. Today in 2013 there is now 94 companies listed and many more in the pipeline including various nationalised industries.
Bond Market
The central bank of Iraq offered its first treasury bonds on July 18th, with broad participation of the private commercial banks of Iraq.

Millionday: NOTE-OBVIOUSLY GAINS HAVE OCCURRED --ACCORDING TO STATISTICS ABOUT IRAQ WE HAVE READ

Millionday: Real Estate/Property Market.
Real estate in Iraq is booming, largely because of the severely depressed prices due to the restrictive policies of the old regime. With money flowing into Iraq, citizens are now buying houses in neighborhoods generally reserved for government officials.
Oil Production.
With the new government firmly in place, the reconstruction of the infrastructure including rebuilding many of the major oil fields is steadily going forward. Iraq has signed tentative agreements with international oil companies to exploit its vast oil reserve

Millionday: SO AS WE SEE --- WE ARE NOT THE ONLY ONES THAT FIND THE POTENTIAL A LITTLE EXCITING

disciple7: I got here late was that a throwback article?
disciple7: it said "today in 2013"
disciple7: Today in 2013 there is now 94 companies listed and many more in the pipeline including various nationalized industries.

Millionday: THAT WAS A REPORT FROM CBI IN THE REPORTS -- YOU WILL HAVE TO REREAD RUDIE COPIED IT
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Millionday: Excite financial crises plaguing the countries 'financial panic' cause in creating a state of panic among the public banks who have large financial deposits and is often caused this panic about expectations in the collapse of the currency Aujsairkd exposed to some of the banks that lead to the emergence of this case.
Although the crisis Almalahalta plaguing the country because of Astmrartzbzb oil prices that are indicators of liquidity disappearance of the national currency, the monetary policy is still porte reins things in processing.

Millionday: NOTE -- THEY ARE PROCESSING THE MONETARY POLICY

Millionday: Therefore, it is different we have here in Iraq and the reason for the occurrence of such description "financial panic" that some wounded to rumors and not to the reality of the situation because the indicators so far do not portend including raises anxiety and panic, the source of these rumors come back to some of the statements of non-specialists on liquidity and focus on the aspects are not of interest and unrealistic.
advisable to leave these assessments by some who described the experts in the economy and they do not understand something of it to the owners of the experience, as should the economic press to address such a phenomenon and not marketing statements unrealistic.

Millionday: NOTE -- SOME OF THE REPORTS ABOUT THE ECONOMY ARE SCARING THE CITIZENS BUT THEY ARE WRITTEN BY PEOPLE THAT PRETEND THEY KNOW WHAT THEY ARE TALKING ABOUT

Millionday: proceedings up to this point is an important and helpful in mitigating the impact of the lack of liquidity, eight absence Anja not portends great danger as long as the country has the capacity physical Maysaad to overcome the crisis, and in such a case must be to speed up the enactment of the Deposit Insurance Act to restore confidence Bodaoualmassarv and activating investment and most importantly provide liquidity.
However, private banks initiatives and its attempts to reduce the dollar exchange rate to give up part of their profits do not come out because they eat, and required in this case search the reasons, he noted that 50 banks pledged reduction but the dollar did not budge.

Millionday: NOTE -- THE GOAL OF THE PRIVATE BANKS HAS NOT SHOWN YET

Millionday: This increase does not constitute a major threat as much as what interests destabilize the confidence of the citizen national own currency and if they grew it will lead the to a state Alzaralmala supposed to, but so far there is no hope of avoiding hindsight, waiting for new measures and tight because the reduction decisions are still without monitoring and auditing and on the central bank to take chock measures.

Millionday: NOTE -- THE POLICY HAS NOT BEEN APPLIED YET

Millionday: eight other behavior of departments of banks in dealing with the audience when withdrawals raises panic, required explaining to citizens withdrawals mechanisms in accordance with the available liquidity, making it the most satisfied.
the currency market so far normal by the law of supply and demand and, more importantly Is price stability will be achieved for the sake of the financial panic?

Millionday: SO THEY PLAN TO MOVE FORWARD WITH MONETARY POLICY TO AVOID CITIZEN PANIC -- SMILE

Loopow: .....not portends great danger as long as the country has the capacity physical Maysaad to overcome the crisis, and in such a case must be to speed up the enactment of the Deposit Insurance Act to restore confidence Bodaoualmassarv and activating investment and most importantly provide liquidity...... That says it all. Loopooow © ™® Pat Pend.

Millionday: I AGREE -- INSURANCE WILL PROVIDE HUGE CONFIDENCE -- THIS IMPACTS ALL ECONOMIC ASPECTS -- GOOD POINT

jtank: reserve currency would explain why they do not care how much is out there--more the better right? USD is in almost all countries and iraq wants to be there?

Millionday: YES -- IRAQ PLANS TO BE A GREAT RESERVE CURRENCY AND IMPACT ALL THEIR ECONOMIC ASPECTS

zena: Are there any deadline dates coming up, where they MUST move forward to NOT go backwards? Thanks in advance MD.

Millionday: THEY HAVE MADE STATEMENTS ABOUT THEIR PAY BEING GIVEN BUT NOT SURE ON EXACT TIMELINES

mary: What exactly are they waiting for still, are there some laws to be put into place still ?., thank you......

Millionday: I DONT KNOW OF A HOLDUP-- THEY ONLY KNOW OF THE TIMELINE

mudder: So if they don't care how much dinar is out there, why the liquidity problem??? To be a reserve currency, they need to be accountable....

Millionday: LIQUIDITY IS IN THE BANKS --

TimandJulie: Many MANY say there running out of time, they must by this date, time is important, your take or answer

Millionday: THEY NEED TO RESPECT AND NOT LOSE THE CONTRACTS THEY HAVE GAINED OR AGREEMENTS --
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Millionday: Revealed in a parliamentary finance committee member, on Tuesday, a proposal to merge the Rafidain and Rasheed, referring to the deterioration of the financial situation of the Rafidain Bank.
He said the parliamentary finance committee member Masood Haider, for "The Iraqi news agency" that "Rafidain Bank financial situation deteriorating very" revealing "a proposal by the prime minister, the integration of the Rafidain and Rasheed and regarded as one bank."

Millionday: NOTE -- THEY MAY MERGE -- JUST A THOUGHT OR PROPOSAL IT APPEARS

Millionday: He stressed Haider, a deputy from the Kurdish bloc change, "The Finance Committee is closely following the development of State-owned banks and the conclusion reached by the Rafidain Bank of very large financial deterioration must put the necessary solutions and quick about it."
It is a different context, Haider added that "the Finance Committee met a few days ago with the Economic Commission to study the investment law being activated and carries financial side."
Haider said that "the lack of activating the investment law because of obstacles in front of the Investment Authority," explaining that "those obstacles spurred Parliament to enact a law gives full freedom for investors from home and abroad."

Millionday: SO THEY ARE OBVIOUSLY IN A HURRY TO ACTIVATE THE INVESTMENT LAW -- HUGE NEWS LOVE IT

Pablo: Do we know when they are going to have this special Parliamentary session to vote on the laws?

Millionday: NO -- THEY KEEP CHANGING DATE

zena: MD, it sounds like they may be in the final steps of the investment law, from the paragraph above. "to enact law gives full freedom for investors from home and abroad" . is this correct?

Millionday: THATS HOW IT APPEARS TO ME TOO -- GOOD POINT
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Millionday: investment commission in Parliament, on Saturday, that the value of the assets at the central bank up to 66 trillion dinars, expected to amount up to 70 trillion by the end of this year.
Said committee member olive-Dulaimi, in an interview with / Baghdadi News / "The Governor of the Central Bank on the Keywords and during his stay in the meetings of the Committee, revealed the existence of 66 trillion dinars assets in the Central Bank", noting that "this amount is good compared with the situation in Iraq current of lower oil prices and the war on terrorists Daash organization.

Millionday: NOTE -- ABADI IS HAPPY WITH THE CBI ASSETS

Millionday: "The bank balance of gold is very good, and is able to walk the things the country to safety," asserting that "the improvement in oil prices during the last period will be a positive factor to increase the asset level at the Central Bank, where he is expected to arrive in the amount of assets at the end of 70 trillion dinars.
It is said that the parliament select sell a barrel of oil in the budget price of $ 56, with oil prices at the moment, ranging between 64 and 67 dollars in the global markets .

Millionday: SO -- THEY HAVE MET THE AMOUNT THAT WAS WRITTEN IN THE PRINTED BUDGET WE READ --EXCELLENT
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Millionday: Pumice in a move aimed at enhancing decentralization, the government continues to apply the governorates not organized law province average No. 21 for the year 2008, through the transfer of the powers of some ministries to local governments, something which was supported by observers and experts economy because of its positive impact on the country's economy, especially in the areas of services and investment.
The government plans to transfer the powers of the ministries (Municipalities and Public Works, Labour and Social Affairs, Construction and Housing, youth and sports, agriculture, health, education, as well as financial) to the provinces according to the middle of next August law.

Millionday: NOTE -- POWERS ARE GOING TO BE TRANSFERRED

Millionday: economist d. Majid picture count in his statement the "morning" decentralization a right and proper in light of the current phase, indicating that the promotion of the country meant to give powers to the provinces and the rest of the governing bodies of its subsidiaries which is closer to the public and the actual reality of the province.
In spite of the support of the picture of this trend, but it opinion, such action is not a radical solution for the elimination of administrative and financial corruption or application legislator of good governance and support the Iraqi economy laws in line with the Mans in the Constitution in the transition to a free economy, and expressed support for the government guidelines for the application of its economic, social and political.

Millionday: It is the service side expert pointed to The decentralization in the interest of providing basic services to the public and solving the problems of the province in this area.
The investment point of it (decentralization) will give the authority more in order to deal with internal and external investment, attracting companies sober to benefit the province concerned thereby improving the reality of investments in the country, noting at the same time that the administrative and financial corruption and bureaucracy are the main factors limiting investment and economic development.

Millionday: NOTE -- THE GOVERNMENT IS IN SUPPORT OF THE TRANSITION TO A FREE ECONOMY

Millionday: NOTE -- THE TRANSFER OF POWERS WILL HELP EACH PROVINCE GAIN

Millionday: The observers find that the transfer of some powers of the ministries to the provinces addresses the organizational problems of government institutions and the development of model structures to ensure efficient performance of BachAn integrated whole, as well as the trend towards the adoption of modern management systems for the advancement of the case of government institutions and out the results of the process viable achieve positive results serve the country's economy and the development process.

Millionday: NOTE -- THE TRANSFER IS PART OF THE STEPS OF THE COUNTRY`S DEVELOPMENT

Millionday: and will have to maintain decentralization through provincial Law No. 21 of 2008 amended the following resources in accordance with Article 44 of the " budget allocations, revenue generated from fees for services and taxes, fees and fines in accordance with the laws, as well as allowances for the sale and lease of state property movable and immovable property, donations and grants according to the Constitution, along with half of border crossings revenues, if any, and the share of the petro-dollar oil to the provinces, as well as allocated by quota local authorities and administrative units that followed, including enough for the advancement of duties and obligations according to the proportion of the population.

Millionday: THE CONSTITUTION WILL BE APPLIED WITH THE DISBURSEMENTS AS WELL

Millionday: NOTE ----------------------------------------------------------------

Millionday: BGG WILL BE DOING ROUNDTABLE TOMORROW --SO DONT MISS IT !!!!!

Millionday: EVERYONE JOIN BGG FOR ROUNDTABLE TOMORROW AT 1 EST

Millionday News 6/2/15 Z