Millionday Wednesday Roundtable 6-10-15

Millionday Roundtable 6/10/15

Welcome to dinarupdates.com for Roundtable with Millionday!!

Millionday: WELCOME EVERYONE

Millionday: The parliamentary finance committee demanded to sack the current governor of the Central Aleinik on the Keywords agency.

The head of the Committee in a statement that "should be changed Keywords After this fiasco, especially that the selling price for the banks fixed is (1190) to the dollar, and said about him the central bank auction and this word for laughter on the chins, adding that

Millionday: banks and companies sell the dollar (in 1335) to the dollar! This price is only meters away from the central bank and thus they are only beneficiaries and the citizen is the biggest loser.

He said Chalabi, should be the new governor of the Bank shall be an autonomous professional in this area and do not represent the party or political blocs.

Millionday: SO -- THE IRAQI PARLIAMENT FINANCE COMMITTEE IS DEMANDING A DIFFERENT CBI GOVERNOR TO BE PUT IN PLACE

Baxter1243: Oh BOy..... who is this Chalabi dude?

Millionday: HE HAS HELD MANY POSITIONS IN IRAQ AND IS RESPECTED BY MANY -- HE HAS BEEN IN OIL AND FINANCE AND OTHER GOVERNMENT POSITIONS

Millionday: HE SUPPORTS UNITY IN THEIR GOVERNMENT ACCORDING TO REPORTS I HAVE READ

jarhead: be careful what u ask for IMO

Millionday: I THINK IT WILL BE INTERESTING TO SEE WHO THEY PLACE BUT POLITICS AND HOW IT PLAYS OUT IS INTERESTING -- SMILE

_firefly_: He was also a candidate last year for PM as was Mahdi

Loopow: should be the new governor of the Bank shall be an autonomous professional in this area and do not represent the party or political blocs. - THIS IS A GREAT STATEMENT. PUT SOMEONE IN POSITION WHO IS GOING TO DO WHAT IS BEST FOR IRAQ! AWESOME.

Millionday: HE HAS BEEN INVOLVED IN POLITICS IN MANY AREAS ACCORDING TO REPORTS

Millionday: I AGREE -- OF COURSE SUPPORTING A UNIFIED GOVERNMENT IS NEEDED BECAUSE OF THE UNIFIED GOV GOAL OF IRAQ -- GOOD POINT


Millionday: Iraq asked the United States to help him in tracking money laundering and exit of foreign currency operations.

A statement from the Ministry of Finance and received "The Minister Hoshyar Zebari asked the Assistant Secretary of the Treasury for combating the financing of terrorism and operations, US money laundering Daniel Glazer during his visit to Iraq to help his ministry to track money laundering and exit of hard currency out of the country to foreign banks' operations."

Millionday: NOTE -- OF COURSE THIS IS WONDERFUL NEWS DUE TO THE THREATS TO THE GLOBE AFTER 9/11--

THEY HAVE MADE MANY STEPS TO ENSURE THAT TERRORISM IS NOT FUNDED THROUGH MONEY LAUNDERING AND FRAUD TO PROTECT US ALL --

Millionday: "The two sides also held talk in the importance of exchange of information on the mechanisms for organizing the terrorist Daash on internal and external sources of funding, and the importance of tightening measures to deprive the terrorist organization to take advantage of the money.

Millionday: SO THEY HAVE ASKED THE UNITED STATES TO HELP TO MONITOR THAT NO MONEY IS BEING USED BY TERRORISTS SO THEY ARE DEPRIVED OF FUNDING

billionaire: I find this article's timing is interesting. The United States of America is the one behind the FBI investigation on Sterling and the complaint is now public record. Money Laundering is the offense. I have not read the entire complaint yet but here it is: http://www.docdroid.net/132iq/doc-2-...laint.pdf.html

Millionday: I THINK THAT OUR PROTECTION IS OF THE UTMOST IMPORTANCE AND DONT KNOW ABOUT THE INVESTIGATION BUT AM GLAD THAT PROTECTION IS BEING ASKED FOR BECAUSE IT SHOWS THAT IRAQ IS AN ALLY BY HELPING IN GLOBAL PROTECTION AS WELL

Millionday: THANK YOU FOR YOUR COMMENT


Millionday: NOTE -- THIS IS A NEW ORDER SENT TO BANKS BY CBI THAT WAS SENT TO ME

Millionday: To / banks approved the exercise of all banking and financial companies approved the conversion of all ( Help sale and purchase of foreign currency) 
10/06/2015

Millionday: SO AS WE SEE THE APPROVAL HAS BEEN GIVEN TO BANKS TO CONVERT ALL FOREIGN CURRENCY -- THIS IS A NEW APPROVAL DATED TODAY

sudo1114: hi md. isnt this same directive as given a couple weeks ago

Millionday: NOT THAT I SAW ON THE CBI SIGHT BUT -- THE ORDER YESTERDAY WAS FOR REMITTANCE LICENSING --

THIS ALLOWS PEOPLE TO WIRE INTO BANKS ETC SO IT MAKES SENSE -- THEY WOULD NEED THIS APPROVAL

larrykn: I don't understand how they can do this without being international recognized

jessesilverssr: This is just an approval, has it or will it become a mandatory law that will be implemented MD?

Millionday: JESSE -- THIS SEEMS TO BE BANKING POLICY CHANGES

bluedog: I read this morning in the EU Times that arms shipments from the US to Iraq have begun. Have you heard anything further on compensation for this sale?

bluedog: Should have said read, not heard...

Millionday: I HAVE READ THE REPORT WE HAD IN LAST NIGHT NEWS THAT FOUR MAJOR COUNTRIES HAVE COMMITTED TO ARM IRAQ FOR THEIR DEFENSE -- BUT WOW THAT IS QUICK -- I SEE NO NEWS REPORTS ON HOW IT IS BEING COMPENSATED


Millionday: Iraqi National Business Council announced on Tuesday, near the signing of Egyptian factories specializing in electrical industries for decades partnership with their counterparts in Iraq, among that there is an effort to hold a conference in Baghdad attended by industrialists Egyptians to agree on drawing the future plans of the two countries in the field of electricity.

The head of the Council David Abdul Zayer, in a statement received (range Press), a copy of it, on the sidelines of his visit and his accompanying delegation, to the Republic of Egypt on an official visit, said that "factories Egyptian specialized in electrical backup industries will soon sign a partnership contracts with their counterparts in Iraq." .

Millionday: NOTE -- CONTRACTS NEAR SIGNING FOR EGYPTION FACTORIES FOR ELECTRICAL NEEDS THAT HAVE BEEN BROUGHT UP IN MULTIPLE REPORTS LATELY WITH INDUSTRIAL CITIES BEING IN THE WORKS FOR IRAQ`S DIVERSIFICATION IN THE MARKET ETC

Millionday: Zayer said that "the visit emerged from the agreement to bring production lines for manufacturing and filling the needs of the Iraqi Ministry of Electricity of spare parts and consumer goods that you buy pre-production," noting that "this agreement will be in cooperation with the members of the Council of Industrialists".

President of the National Business Council, said that "the visit was also marked by the agreement with the Egyptian side to come to Baghdad to hold partnership agreements with Iraqi Industrialists and be manufacturing in Baghdad," adding that "the quest for a conference in Baghdad attended by industrialists Egyptians and agree on drawing the future plans of the two countries with regard to backup for the electricity sector industries. "

Millionday: NOTE -- THIS IS WONDERFUL NEWS FOR IRAQ`S UNEMPLOYMENT AND DEVELOPMENT

Millionday: NOTE -- REMEMBER THEIR PAST RELATIONS WITH WORKERS IN IRAQ FROM EGYPT -- THEY HAVE A HISTORY

Millionday: The Zayer, that "the Iraqi Ministry of Electricity will support this agreement, especially with the urgent need for the development of the electricity sector in Iraq."

Iraq has suffered a shortage of electricity since the beginning of the year 1990, and increased hours of rationing electricity after the year 2003, in Baghdad and the provinces, without having succeeded the Ministry of Electricity or the government's efforts to address the crisis despite billions of dollars spent for it.

Millionday: SO AS WE SEE THIS IS FOR THEIR DEVELOPMENT -- HUGE NEWS


Millionday: The Commission on the economy and investment representative, on Tuesday, that the government bear the rising dollar exchange rates due to the fees imposed on remittance exceeded 
8%, while noting that the central bank prints large currency denominations will enter the market over the next couple of months, economic adviser to the prime minister attributed the reasons for the high dollar to the deterioration of oil prices and reduce the central sales of foreign exchange rates.

She said a member of the economic and investment commission in Parliament, Najiba Najib, in an interview for the "long" that "the government bears the bulk of the rise in exchange rates, because of the imposed duties on remittance traders exceeded the 8%," noting that "the instability of the dollar exchange rate against the dinar, reflected negatively on the high prices of consumer goods. " 

She continued by saying that "the Commission will be several meetings to find out the central bank action on rising price

Millionday: NOTE -- PARLIAMENT IS PLANNING ON MEETINGS WITH CBI CONCERNING THE EXCHANGE RATES

Millionday: She Najib, that "the central bank had to print with large groups currencies and will enter into the market During the next two months, and this will be an important factor in strengthening the power of the Iraqi dinar, but not as great, because the value of the Iraqi dinar only on existing classes in the national currency do not depend. " 

She explained that "the arrival of the dollar exchange rate to 130 thousand dinars, means that tax trusts may Fee the percentage specified exceeded and we discuss with the central bank to find out the causes and know the procedures followed by him to reduce it. " 

Furthermore, said economic expert, Resan Hatem in an interview for the "long" that "the government bears the bulk of the reasons that led to the deterioration of exchange rates Dollar, due to imposed significant financial charge for the merchants. "

Millionday: NOTE -- CENTRAL BANK WILL BE MAKING CHANGES THAT ARE TO STRENGTHEN THE POWER OF THE DINAR

Millionday: He continued by saying that "the central bank was in control of the dollar exchange rate against the dinar, through Auction currency, but it has lost its independence with the present to some extent" 
and the central bank prints currencies big categories , between Hatem, said that "monetary transactions law stipulates that the new currency overwhelm the old money, and that the printing of currencies big categories lead to increased rates of inflation, and this will impact negatively on the overall economic situation of the country", calling for "the need to postpone this decision." 

He noted that "despite the fact that printed these currencies will reduce the money supply, but at the same time will raise the level of prices and increases the rates of inflation," adding the decision "does not hurt the welfare of the level of prices and the level of the Iraqi dinar."

Millionday: NOTE -- THEY ARE ASKING THAT THE HIGH DENOMINATION NOT BE RELEASED DUE TO THE INFLATION THAT WILL OCCUR --

VERY INTERESTING WITH PARLIAMENT ASKING FOR A NEW GOVERNOR BEING PLACED AT CBI -- VERY INTERESTING NEWS

Millionday: He was an economic advisor to the Prime Minister , may be attributed, first of Monday, reasons for the high dollar in the local market to the deterioration of oil prices and reduce the central bank sales of foreign exchange rates, as called for reducing the value of the dinar and raise the dollar value of sales for the launch of cash and "restrain" demand and ensure the stability of prices exchange. 

He said the appearance of Mohammed Saleh said in an interview to the (long-Presse), "The instability of the US dollar exchange rates in the Iraqi market and rising in recent months, due to the deterioration of oil prices," noting that it "led to the deterioration of the Iraqi payments prices, because the basis of its exports is oil. " 

Saleh added that "the Iraqi Central Bank action to reduce the direct sales of the dollar, instead of reducing the value of the dinar", returned to it, "create a market again to sell the currency."

Millionday: NOTE -- SALEH IS ASKING TO REDUCE DOLLAR SALES AND RETURN TO A MARKET TO SELL CURRENCY -- THIS WOULD BE IN THEIR STOCK MARKET

Millionday: He was an economic advisor to the Prime Minister support "to lower the value of the Iraqi dinar including commensurate with the market, as well as raise the sales value of the dollar, "adding that it" will launch a cash liquidity and restrain demand and contributes to the stability of the dollar exchange rate. " 

The specialize in the banking sector attributed in (the ninth of April 2015) rising dollar against the dinar, to the Central Bank of special procedures to deduct customs duties and taxes in advance, and called for a "freeze" of the resolution, while the expected continued decline in the value of the Iraqi dinar, stressed the need for the abolition of Article 50 of the budget for determining the dollar sales. 

also complained Iraqi citizens, in (the 27th of March 2015), higher prices for materials and goods in the Iraqi market, while the government called for the support and follow-up and determine the prices of goods in the market, confirmed that the instability of the dollar was behind the confusion of the Iraqi market.

Millionday: SO AS WE SEE HERE THEY ARE ADDRESSING THE MONETARY POLICIES -- AND WE HOPE TO SEE MORE REPORTS ON WHAT ACTIONS ARE PLANNED AND INTENTIONS

jarhead: what is value on existing classes and also dont they need to be internationally recognized to sell currency on the stock market

Millionday: THEIR MARKET WOULD BE GLOBAL IN A MARKET ECONOMY -- VALUE ON EXISTING CLASSES WOULD BE PURCHASE ABILITY -- WHAT THE MONEY CAN BUY IN OTHER WORDS

jtank: who is asking not to use the high denoms? tyvm

Millionday: member of the economic and investment commission in Parliament, Najiba Najib

jtank: do they have clout?

jtank: sounds like cbi and parliament are on the same page

Millionday: YW ALL THE TIME -- THEY HAVE ASKED FOR A PERMANENT GOVERNOR AS WELL SO THIS MAY BE A FREEZE AS THE REPORT STATES AS THAT IS ADDRESSED

Millionday: TANK -- THEY SEEM TO THINK THAT WOULD CAUSE INFLATION AND IS THE WRONG MOVE

moneymom: Link to sterling charges, It looks like bad business practices, will you be commenting after you get to read it?

Millionday: I DONT HAVE ENOUGH INFORMATION TO COMMENT ON THIS -- AND WOULD PREFER NOT TO BE INVOLVED IN SOMEONE`S BUSINESS THAT MAY NOT BE CORRECT -- AN INVESTIGATION IS NOT SHARED WITH ME HUN

Millionday: HAVE A WONDERFUL DAY AND WE WILL SEE EVERYONE AT NEWSTIME TONIGHT AT 730 EST