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Millionday says Iraq CAN NOT REBUILD THEIR ECONOMY WITHOUT A REALITY RATE

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Millionday says Iraq CAN NOT REBUILD THEIR ECONOMY WITHOUT A REALITY RATE Empty Millionday says Iraq CAN NOT REBUILD THEIR ECONOMY WITHOUT A REALITY RATE

Post by Ponee Thu Oct 16, 2014 8:57 am

Guru Millionday News SHORT VERSION 


 [Can Iraq rebuild their economy without an RV? ]  IF THEY REMAINED WITH BORDERS CLOSED AND HAD NO MARKET ECONOMY THEY COULD FREEZE IN TIME -- NOT GOING TO HAPPEN.  THEY CAN NOT REBUILD THEIR ECONOMY WITHOUT A REALITY RATE AND THE GLOBE DUE TO THE WORLD ECONOMICS AS WE KNOW IT TODAY...THEY ARE PREPARING FOR THE USE OF THEIR NEW DEMOCRACY AND ALSO INTERNATIONAL COMPLIANCE TO MONOPOLIZE ON THE GLOBAL MARKET AND THE WTO -- SO GETTING ALL OF THOSE REGULATIONS DONE AND IN PLACE WOULD BE WHY WE HAD TO WAIT...



Last edited by Ponee on Thu Oct 16, 2014 9:00 am; edited 1 time in total

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Millionday says Iraq CAN NOT REBUILD THEIR ECONOMY WITHOUT A REALITY RATE Empty Re: Millionday says Iraq CAN NOT REBUILD THEIR ECONOMY WITHOUT A REALITY RATE

Post by Ponee Thu Oct 16, 2014 8:59 am


Millionday news long version



    Millionday: Al-Sabah

    discussed academics and economists 12 research economist specialized in scientific conference of the fifth to Baghdad College of Economic Sciences University divided by 3-axis focused on the evaluation of economic performance and the need to activate the joints different.

    and Collect Participants in the conference, which was sponsored by the Ministry of Higher Education and Scientific Research under the supervision of advisor to the ministry, who attended a representative Dr Abdul Sahib star,

on the need to stand on the structural imbalances suffered by the economy and work on them through the events of economic development, the exploitation of scientific and technological developments and cognitive development in general.
~~~

    Millionday: NOTE -- THE EDUCATORS ARE VERY RESPECTED IN IRAQ AND ALSO THE EDUCATION WILL BE CHANGED DUE TO THE COUNTRY`S CHANGES IN DEVELOPMENT

    Millionday: said Dean of the College Prof. Dr. Muhammad was born in a speech he delivered at the conference, which was held in a building College and attended the (morning) yesterday has formed a scientific conferences student feature of this college through the selection of topics Research graduation

and set up conferences on the level of scientific departments to discuss 5 Research distinct from each section and then compete Research Student Conference annual selection of the top five research excellence in college .

    Millionday:    pointed to the conclusion of memoranda of understanding in this aspect with the Universities of Jordan and Malaysian along with the College of Administration and Economy of Iraq.

    discussed economic hub and administrative, which included research rooting conceptual development and economic developments of knowledge and its effects on the development of the productive sectors as well as modern management in light of cognitive development

and its impact in raising productivity action. And eating Axis financial and accounting fiscal and monetary policies and economic development in Iraq and marketing banking and control systems and the requirements of development in Iraq.

    Millionday: NOTE -- OBVIOUSLY ALL OF THE NEW WAYS OF BANKING AND MERCHANDISING AND EVEN THE COSTS WILL BE OF GREAT IMPORTANCE TO THE EDUCATION SECTORS –

    Millionday:    while eating axis Computer and Informatics Multi electronic commerce and development in the country and expert systems, and economic growth.

    attended the conference chairman and a number of members of the Association of economists and collection of academics and concerned.

    Millionday: THIS IS VERY IMPORTANT BECAUSE IT WOULD ONLY BE IMPORTANT IF THE CHANGES WERE OCCURING -- OR THIS CONFERENCE WOULD BE USELESS

        Millionday: NOTE -- THIS IS MORE ON THE INTERNATIONAL EXPO THAT HAS BEEN REPORTED IN MANY COUNTRIES

    Millionday: al-Hashemi    experiencing Land Baghdad International Fair movement sustained and increased activity for local and international companies to participate in the session 41 of the show where they started to companies creating and arranging the space allocated to them in the halls and pavilions as announced by a government source.

    confirmed the General Company for Trade and Commercial Services Division of the Ministry of the arrival of a number of companies participating states in the Baghdad International Fair Bdorth the 41 and doing configure their wings devoted to showcase their products.

    Millionday:    , said a source in the company told the (morning) that Swiss companies and other Japanese arrived in Iraq and began section including the creation of the wings in the halls allocated to them in addition to a number of ministries and companies local to display to the public at the opening of the exhibition on Monday.

    added that the exhibition will see the establishment of a national day for a number of countries in the presence of officials to raise the flag of those countries on their wings assigned to them in the exhibition.

Indicating that the days of national will be the first of the State of Ukraine which falls on 21 of this month, then Germany and Japan in Day 22 of it, and then will see the day 23 to establish the National Day of each of the states of Slovakia, Sudan,

    Millionday: NOTE -- THERE ARE MANY COUNTRIES COMING AND THE OVERALL HOPES FOR IRAQ IS APPARENT IN TONIGHT`S NEWS

    Millionday:    and the program for the opening day of the exhibition, the source said the opening ceremony will include a word of welcome and recitation any of the above-Hakim and peace Republican in addition to the word and the Minister of Commerce and the word the Prime Minister,

 followed by a speech by Director General of the General Company for Trade and Commercial Services then held display historic civilization of Iraq and the display of art for 10 minutes and then the official opening ribbon cutting.

    Millionday: OBVIOUSLY WITH THE CALL OF FOREIGN COMPANIES AND ALSO THE ASK FOR FRANCHISES IS GOING TO BE A HUGE PART OF WHAT IS GOING ON WITH THE NEW IRAQ ESTABLISHMENT

    Millionday: The Iraqi President ,Fuad Masum criticized on Wednesday the delay in the completion of a number of laws which he said was important in the country

    , calling on all authorities to seriously consider those laws to avoid many problems in the country.

    He said in a statement on the occasion of the anniversary of the adoption of a permanent constitution for Iraq, that the Iraqi authorities have succeeded over the years that followed the adoption of the Constitution from the legislation of many necessary laws to the constitutional work in some of the joints of the life and the state.

    Millionday: MASUM IS NOT HAPPY WITH LAWS SITTING ON THE SHELF AND IS DEMANDING THEY ARE COMPLETE RIGHT AWAY

    Millionday: "There are still a number of other important draft laws waiting for legislation to facilitate the work of the institutions and the lives of citizens, including relevant laws for the country's economy and dispose of its wealth ,

 such as oil and gas law, which was the cause of many of the problems that could have been avoided if the delayed law was legislated years ago. "

    Millionday: THE OIL AND GAS LAW WITH AMMENDMENTS HAS TO BE ACTIVATED ALONG WITH THE MANY WAITING FOR THE ECONOMIC DEVELOPMENT

    Millionday: He added, "on the day of adoption of the Constitution and start working with it and our constitutional responsibilities and what we swore on in order to abide by the constitution and keep it from being violated

 so it is the first principle that we are committed to and we are working to make it as the law of life in the state , its institutions and its various powers."

    Millionday: SO THE PARLIMENT MEETING TOMORROW SHOULD HAVE MULTIPLE LAWS ON THE AGENDA – SMILE

    Millionday: Confirmed a member of the parliamentary Economic Committee Najiba Najib's quest for its implementation of the project to delete the zeros from the currency.

Pointing to the existence of some of the obstacles that have prevented its implementation.

    Millionday: Najib said that "the Committee will host the Governor of the Central Bank to learn practical steps for the implementation of the project to delete the zeros from the currency and in coordination with the Central Bank to determine the most prominent problems that hindered the implementation of the project."

    She added that "the project is still subject to extensive studies of the briefing in all its details."

    Millionday: NOTE -- THE PROCESS WILL BE MONITORED THROUGHOUT EVERY ASPECT OF ITS IMPLEMENTATION

    Millionday: The Commission asked for the economy and investment representative, earlier, the central bank need to begin the process of deletion of zeros from the currency to raise the monetary value

    Millionday: PARLIAMENT WANTS THE REMOVAL OF THREE ZEROS AND THE VALUE OF THE DINAR RAISED

    Millionday: NOTE -- THAT OBVIOUSLY IS WHAT WE WANT TOO BECAUSE IT WILL ALSO SHOW THE INTERNATIONAL RATE CHANGES THAT WE HAVE BEEN WAITING ON

    Millionday: Commission on oil and energy parliamentary Fatima Hamidi, Monday, the House of Representatives to speed up the approval of oil and gas law, stressing the need to invest the gas associated with oil.

    She said Hamidi News Agency Baghdad International / WAP / "The country has lost a lot of sources of funding and income due to the lack of exploitation of natural resources form the real

and the failure to regulate those riches law puts specific strategies for the management of oil and gas in accordance with the plans, immediate and future, and sets in the shadow of conflict between the center and the region functions and powers each file management in the oil. "

    Millionday: NOTE -- PARLIAMENT WANTS THE OIL AND GAS LAW IMPLEMENTED IMMEDIATELY SO THEY CAN FLOURISH FROM THE REVENUES

    jtank: Najib stated

    She added that "the project is still subject to extensive studies of the briefing in all its details."--What does that mean-extensive or regulate?

    Millionday: THEY WILL BE MONITORING ALL TO DO WITH ANYTHING NEW FOR IRAQ –

ALL NEW POLICIES IN PLACE WILL BE AUDITED TO MAKE SURE THE REGULATIONS ARE AFFECTIVE AND ALSO THAT THE LAWS IN PLACE ARE AS WELL –

 THE RED TAPE CHANGES THEY HAVE ADDRESSSED HAVE BEEN EXTENSIVE FOR INVESTORS AND THEY HAVE MADE MANY CHANGES –

THIS WILL ALL BE WATCHED BY THE COMMITTEES THAT HAVE BEEN VOTED IN TO REMAIN FOR THIS PURPOSE

    buck: but we have no defense or interior ministers or budget voted on yet, is this not also desired by CBI? and are those law in gazette?

    Millionday: THE MINISTERS ARE TO BE ADDRESSED TOMORROW AND THE BUDGET IS AS WELL SO WE WILL SEE WHAT COMES FROM THAT PLAN –

THE PRINTING IN THE GAZZETE OF THE BUDGET WILL BE RIGHT AWAY ALONG WITH ALL LAWS NEEDED THAT HAVE BEEN ON THE SHELF AND THE KURDS ARE COMING TOMORROW AS WELL –

 THE MINISTERS WILL BE SWORN IN NOT PRINTED IN THE GAZZETE FOR FINALIZATION

    Millionday:    confirmed an economist that reported on the reports issued by international financial institutions including the International Monetary Fund brought a semblance of pessimism about the prospects for the global economy, where lowered expectations for growth Alaguettsad in developed countries and emerging together.

    downplayed expert Dr. Ahmed ÇáČŃíĺí of unit outlook dark on what MEMRI IMF report on the prospects of the economy in Iraq, saying that weak demand for oil,

 these days, is linked to cool economic In total in the world, pointing out that he understood from the data supply and demand for petroleum, and other relevant information,

the lack of sufficient grounds to lower oil prices, but tends price towards stability after the last drop on Friday the tenth of the month.

    Millionday: NOTE -- THE OIL DEPENDENCE NEEDS TO BE DIVERSIFIED IN IRAQ SO THEIR ECONOMY CAN EXPAND -- WHICH THIS IS EXPECTED AND ALSO PLANNED FOR –

 THEY HAVE MANY PROJECTS SET UP FOR JOBS AND ALSO TRADE –

    Millionday:

    , and continued his speech by saying Abrihi notes in the weeks that saw the drop in oil prices improved the exchange rate of the dollar against the euro and lower gold price.

A movement in line with the general trend of the relationship between each of the gold and the dollar with the price of oil, positive correlation with the first and counterproductive with the second,

 and so through the chapter, which ends on October 13, starting from July 13 this year 2014, which means that the decline in the price of gold and the dollar strengthens both call for oil price decline in the general direction

    of economic and transmission media speculation about the Federal Reserve Bank of American and other institutions indicate continuing delays and slow recovery.

    Millionday: NOTE -- SUPPLY AND DEMAND (MARKET ECONOMY) CREATES CHANGES IN PRICES FOR EVERYONE AND THE NEED TO OPEN NEW MARKETS ECT -- IT IS A WAY OF LIFE FOR EVERYONE

    Millionday: This is supported by obsessing difficulties faced by the European economy in attempts to reduce the natural rate of unemployment,

 on the other hand is still emerging countries in general and China in particular, without the momentum that had been hoped to make up for the slow recovery in the West.

 They expect winter less cold in the United States, which helped to conviction no need to increase inventories of oil there, despite falling below normal levels.

    Millionday: THE BEAUTY OF THIS REPORT IS THAT THEY ARE CONCERNED ABOUT THE MARKET RETURN OF IRAQ AND HOW THEY WILL BE ABLE TO CREATE JOBS

 AND ALSO SUPPORT THEIR ECONOMY BECAUSE OF THEIR RELIANCE ON OIL -- THIS DISCUSSION WOULD NOT BE TAKING PLACE IF DEVELOPMENT WAS NOT AROUND THE CORNER
    Millionday: HERE IS MORE ON THE OIL AND GAS LAW

    Millionday: It showed that the "law of oil and gas of the most important laws that were supposed to be approved since the legislative session, the first is regulated wealth form a natural at the same time cutting each thread of a dispute between the center

and the region exacerbated by later to reach the breaking point," adding that "the real problem lies in the need law to the political consensus of all parties for the purpose of voting on it and passed in the parliament. "

    Millionday: NOTE -- I HAVE READ THIS IS WITH THE FED COUNCIL LAW , AND THE LAW OF PARTIES WHICH IS TO COME IN THE NEXT SESSION ACCORDING TO REPORTS

    Millionday: Hamidi and demanded "the Oil Ministry to invest the gas associated with oil because it is a real wealth of the country to generate big money, as well as an end to burn completely to reduce environmental pollution."

    The Basra Gas Company of the combined companies, Shell and the South Gas Mitsao Baishe began to work the actual gas investment within a strategic plan designed to end gas flaring and waste of this wealth over the coming years

    Millionday: REMEMBER THAT MANY COUNTRIES DO NOT HAVE UP TO DATE REFINERIES AND IRAQ DOES IF THEY HAVE NOT BEEN BLOWN UP

 SO WITH THE MANY PRODUCTS THAT ARE TO COME FROM ENERGY MINISTERIES AND MARKET -- THEY HAVE ALOT OF OPTIONS WITH WHAT THEY CAN PRODUCE

    Millionday: AND AGAIN THEY ARE NOT WASTING THE HUGE GAS BURNING WE SAW A COUPLE YEARS AGO --- REVENUES

    Millionday: HERE WE GO WITH TOMORROW PARLIAMENT

    Millionday: A parliamentary source said that the House of Representatives will discuss with al-Jaafari, Iraq's foreign policy in light of the exceptional situation created by the crimes of terrorism

 and results of the operations of the international coalition led by the United States against terrorists and what the outcome of the international conferences in this regard.

    He added that the agenda of the meeting includes swearing-in of MPs who hold government positions and replacements for who occupied ministerial positions or the Vice President of the Republic and the funeral of late MP (Ahmed Ali Mohsen al-Khafaji)

    Millionday: THE AGENDA INCLUDES THE SWEARING IN OF MINISTERS

    Millionday: I AGREE JTANK AND ALSO THE ENTIRE CHANGE OF HOW EVERYTHING IS DONE AND ACCOUNTED FOR –

 THE ENTIRE GOV POLICIES HAVE CHANGED AND SO MUCH MORE -- HUGE EDUCATION CHANGES




    Dixiechick: Were the Kurds sworn in already?

    Millionday: THERE WAS REPORTS THAT THE KURDS WHEN THEY RECEIVED THE 4 POSITIONS WERE SWORN IN RIGHT AWAY –

 WE SEE THAT SOME MINISTERS WILL BE SWORN IN TOMORROW SO WE WILL HAVE TO WAIT FOR THE ACTION TO BE SURE WHAT IS DONE -- VERY ENCOURAGING TO SAY THE LEAST

    Millionday: NOTE -- THIS IS VERY POSITIVE
~~~

    Millionday: Germany is supporting the Federal and the unity of Iraq and do not encourage any attempt separation or division. several areas and pointed to the possibility of helping Germany to Iraq currently in several areas,

 mainly to provide humanitarian aid and considers the issue very important and initiated aid reached Akiemha's (56) million dollars in 2014

and became the third largest country in the world donor of aid to Iraq, also provided military aid to Iraqi Kurdistan in coordination with the central government,

stressing that the arms shipments reach Baghdad and are found then sent to Kurdistan,

    Millionday: NOTE -- GERMANY SEES IRAQ AS A COUNTRY THAT IS GOING TO PROSPER AND WITH GREAT WEALTH -- WONDERFUL - THEY ARE ALSO SENDING ARMS TO HELP WITH THE MILITARY ACTION

    Millionday: CHECK THIS OUT >>>The so visit German Foreign Minister of the Federal to countries in the region to discuss in this regard. communication channels and Economic Cooperation confirmed prominence and there are several areas of cooperation between the two countries,

pointing to the importance of building channels of communication between the two countries and work to develop, pointing to Iraq's possession of huge financial resources and natural wealth shrug deal with it and this is a good base to achieve cooperation and rehabilitation of the Iraqi economy.

    Millionday: NOTE -- OBVIOUSLY GERMANY KNOWS THAT IRAQ IS REHABILITATING THEIR ECONOMY – SMILE

    Millionday: capacity rentier and pointed to the importance of the multiplicity of Iraq's revenues and financial dimensions of its economy from the adjective rentier relying on oil exclusively,

 indicating the ability of Germany to assist in the rehabilitation of the industrial sector of the Iraqi and building industries strategy,

pointing to the possibility of the transfer of the German experience in Russia to Iraq, where she works Germany to develop industries there and human capacity building.

 economic integration and the possibility of achieving economic integration between Germany and Iraq through what is owned by Germany's sophisticated technology in various economic sectors,

and Imlkha Iraq of vast fortunes lead to building block of strong economic , especially that of German Industries enjoys a good reputation within Iraq

    Millionday: NOTE -- THEY SEEM VERY READY TO ADVANCE WITH IRAQ IN TRADE AS ARE MANY

    Millionday: Farah pumice    counting an economist investment in housing projects and services in the country need and an urgent need, especially with the increasing population density in Iraqi society.

    expert Adel Abou loaf stressed the "morning" the need for Iraq to large residential projects and services, tourism and strategic projects,

agricultural and industrial projects infrastructure, which includes (sewers, water, electricity, telecommunications, shipping, air and land), but the coverage need a lot of money and long periods of time, considering that the most important factors of success of the investment environment and the presence of infrastructure.

    Millionday: NOTE -- IRAQ IS ASKING FOR INVESTORS TO ARRIVE AND BEGIN DUE TO THEIR GREAT NEEDS FOR EVERYTHING (INFRASTRUCTURE)

    Millionday: the national economy and budget Do not they can afford cost housing projects and infrastructure projects and services,

noting that ease the burden on the state budget is through the implementation of these projects by investors (the Iraqis and foreigners) and give them facilities and exemptions are large and real, that recover these projects after thirty or fifty years.

    Millionday: NOTE -- OBVIOUSLY THEY HAVE HUGE NEEDS FOR EVERYTHING DUE TO THE MANY WAR TORN YEARS AND NOW THE TERRORISM

    Millionday: NOTE -- THIS IS AN OBVIOUS CALL FOR INVESTORS -- HUGE NEWS HUGE -- AND MUCH NEEDED

    Millionday:

    stressed expert the need for further adjustments to the Investment Law No. 13 of 2006, as it must be necessary to prepare the base of information or data in order to promote and receive requests for investment,

 suggesting that divides the base into two first specialized economy and economic indicators and economic variables, while the second regard to approaching sectoral and land inventory and openness to the basic designs of the cities,

 and develop plans and visions and needs of the parties and sectoral cooperation with authorities planning to address the deficit in the implementation of their investment plans.

    Millionday:    also confirmed Abu loaf need to include periods of time that you need investment organizations to receive requests investment,

along with the need to develop mechanisms and controls training and preparing cadres in those bodies, as well as a suitable ground for the establishment of an administrative technician investment efficiently in the governorates of Iraq.

    between the aim of the investment law in general is to promote and build a base of information and organize the reception of applications investment through a single window,

 and explained the importance of knowing the difference between local and foreign investors,

 especially The local and national keep his money in the economic cycle of the country, either the foreign investor, the large proportion of his money out into the country and outside of this right.

    Millionday: SO AS WE SEE -- THE SINGLE WINDOW THEY ARE REFERING TO IS AN EASE TO GET INTO IRAQ AND INVEST –

NOW THE ONE STOP SHOP WE SAW MANY MONTHS AGO WHEN THE E-GOVERNMENT WAS ANNOUNCED –

    Millionday: IT IS VERY HARD TO DO WITH SO MUCH INFORMATION BUT IF YOU LOOK BACK AT ALL THAT IS DONE -- IT SHOWS ALOT READY AND PUT ON THE SHELF AND AS I HAVE BEEN SAYING -- ALL AT ONCE

    Millionday:    Announced a coalition of state law, on Wednesday, Prime Minister Haider al-Abadi has specific names to fill the security ministries and be presented tomorrow to the Presidency of the Council of Representatives,

as pointed out that al-Abadi did not want to repeat the scenario of the 16th session of last September.

    The MP said the coalition, Abbas al-Bayati said in an interview for "Alsumaria News", "Prime Minister Haider al-Abadi has specific names to fill the security ministries be presented tomorrow to the Presidency of the Council of Representatives,"

 pointing out that "Abadi is awaiting approval by a number of blocks on these names in order to provide them with Neil enough votes and confidence to not repeat the experience of Tuesday. "

    Millionday: THIS IS PROBABLY WHAT YOU MEAN ABOUT CALLING IN THE COUNTRIES OF THE WORLD TO INVEST

    Millionday: Conscious / N.kh

    Federation of Chambers of Commerce confirmed that the activation of economic relations with the countries of the region and the world at the forefront of the agenda of the family business through joint business councils formed in collaboration with the organizations

and unions in many countries of the world, at the time urged the government program to activate relations with various countries in the region.

    Millionday: NOTE -- REMEMBER THIS IS A PRESS STATEMENT

    Millionday:    The head of the Federation of Chambers of Commerce, Jaafar al-Hamdani, in a press statement that the commercial movement represents the axis is important in the economy of the country,

 noting that the government program focused on the development of the commercial private sector and that this puts us in front of new responsibilities where Taatzafar our efforts with the government effort to bypass the determinants of work that was confuse reality business.

    Millionday:    He added that the committees Union sustained in the implementation of its action plan to follow up the local markets, especially in the detailed prices,

 which chime and the lives of the citizens, as well as the reality of supply and demand.

    Millionday: SUPPLY AND DEMAND IS WHAT A MARKET ECONOMY MEANS

    Millionday: SO AS WE SEE FROM PARLIAMENT AND FEDERATION OF COMMERCE ECT –

THEY WANT TO MOVE FORWARD WITH THEIR ECONOMIC REFORM TO MOVE FORWARD WITH THE COUNTRY
   Millionday: TOMORROW WITH THE KURDS PRESENT

    Millionday: MP for the Kurdistan Alliance Kawa Mohammed said that "the Kurdish delegation, which will be chaired by the President of the region Nechirvan Barzani will arrive on Thursday to the capital of Baghdad."

    He said Muhammad told all of Iraq [where] "The delegation will discuss the most important outstanding issues with the center,

 including the General Budget Law for 2014, and file employees' salaries region, and oil exports."

    MP for the Kurdistan Alliance Kawa Mohammed said that "the Kurdish delegation, which will be chaired by the President of the region Nechirvan Barzani will arrive on Thursday to the capital of Baghdad."

    Millionday:    The MP for the Kurdistan Alliance Amin Bakr earlier, that the alliance will contribute to the government of national partnership,

noting that direct the executive minister of the Kurds to their posts in the federal government, reflect a genuine desire to participate in the administration of the country.

    It is said that the Kurdistan Alliance announced a planned visit by a high-level Kurdish delegation to Baghdad to discuss with the Prime Minister Haider al-Abadi about the contentious issues outstanding issues between Baghdad and Erbil, as well as direct the executive minister of the Kurds to their posts in the federal government

    Millionday: NOTE -- AS WELL AS DIRECT THE EXECUTIVE MINISTER OF THE KURDS TO THEIR POSTS IN THE FED GOV –

SO AS WE SEE -- THE BUDGET -- THE OIL DISTRIBUTION-- THE TROOPS AND SALARIES AND ALSO THE MINISTERS AND ABADI HAS STATED HE IS NAMING THE MINISTERS -- SO HUGE DAY FOR PARILAMENT

    Millionday: THE REFORMS WILL BE ALL AT ONCE AND REMEMBER THAT PARLIAMENT HAS CALLED THE HEAD OF CBI BEFORE THEM

TO ASK TO MOVE FORWARD WITH THE REMOVAL OF THE THREE ZEROS CURRENCY AND RAISE THE VALUE OF THE DINAR TO ITS REALITY

    Millionday: THAT WILL BE A GREAT DAY FOR US -- THE DAY HE SAYS IS THE DAY -- IF PARLIAMENT IS SAYING THAT IRAQ IS READY THEN FOR GOODNESS SAKES CBI SHOULD BE MOVING ON IT

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Millionday says Iraq CAN NOT REBUILD THEIR ECONOMY WITHOUT A REALITY RATE Empty Re: Millionday says Iraq CAN NOT REBUILD THEIR ECONOMY WITHOUT A REALITY RATE

Post by Kevind53 Thu Oct 16, 2014 12:23 pm

The short of it: Iraq has a real rate 1166/USD. They can grow their economy with that, or they can adjust it, it's their call. They can establish a low rate and let it free float, they can let it free float where it is, they can establish and hold a higher rate, (i.e. a dirty float), or they can leave things alone. Any of the aforementioned ways will work, and it's their choice.

If I am selling them say fire engines at $450,000 USD I don't give a rat's rear end what value the dinar is, as long as I get my $450K. Likewise, if I were buying parts for those fire engines from them, I don't care what the value of the dinar is. I pay out the negotiated price ... most likely in USD, and it get's converted according to the going rates. This is accounting 101 folks....

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Millionday says Iraq CAN NOT REBUILD THEIR ECONOMY WITHOUT A REALITY RATE Empty Re: Millionday says Iraq CAN NOT REBUILD THEIR ECONOMY WITHOUT A REALITY RATE

Post by HezekiaH Thu Oct 16, 2014 1:02 pm

Kevind53, when you make sense like that you break my bubble.You destroy my fantasy.You break into the middle of my dream.

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Wealth is what you have when all your money is gone!!!
HezekiaH
HezekiaH
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