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Millionday's News to start your week
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Millionday's News to start your week
by RoyBoy Mon Apr 20, 2015 3:03 am
Millionday: Office source said House Speaker Salim al-Jubouri, Sunday, that the latter currently hold an expanded meeting with the EU and the US embassy and the United Nations representatives in the House hospitality Baghdad.
Millionday: NOTE -- AN EXPANDED MEETING WITH THE UN----US--- AND THE EU ---
Millionday: The source told / information / The "House Speaker Salim al-held, currently, an expanded meeting in his guesthouse, with the Ambassador of the European Union I Hapaschkova and US Deputy Ambassador and the German deputy head of the UN mission, in the presence of representatives from the provinces of Mosul and Diyala, Anbar and Salahuddin and representatives from the Ministry of Interior, Commerce and Health and National Security. "
Millionday: NOTE -- THIS IS ALSO WITH REPRESENTATIVES OF COMMERCE (BUSINESS) --- HEALTH -INTERIOR-SECURITY-AND HEALTH --
Millionday: The source added that "the meeting was to discuss security and economic conditions experienced by Iraq, and especially the UN relief efforts for displaced people, which has become a major crisis of them suffering of the Iraqi state, and need to be concerted efforts to avoid them and alleviate the burden of the displaced families."
Millionday: NOTE -- THE UN IS STRONGLY PUSHING FOR PEOPLE TO GET BACK IN THEIR HOMES -- WE HAVE SEEN MULTIPLE REPORTS ABOUT MANY COUNTRIES WILLING TO HELP AND ALSO IRAQ`S POSITION --- BUT THE PUSH IS ON NOW TO GET IT DONE -- ACTION NEEDED
Millionday: Displaced during the past two days thousands of families from the city of Ramadi, after an attack cowardly gangs "Daash" criminal unleashed on the city, and the majority of them arrived in the capital Baghdad, prompting clarion year to help them and quartered
Millionday: SO AS WE CAN GUESS AND SEE HERE -- THE AMOUNT OF DISPLACED FAMILIES HAS RISEN ALOT --- AS EXPECTED AND THEY ARE ALSO IN AND NEAR BAGHDAD --
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Millionday: Iraq plans to cover the budget deficit for the current year amounting to more than 25 000 billion dinars, through internal and external borrowing and amounts retained cash in the Ministry of Finance account as well as the Special Drawing Rights and the issuance of foreign bonds and bonds of public debt and treasury remittances .
Millionday: WHOOOPOW
Millionday: NOTE -- THE BUDGET DEFICIT OF MORE THAN 25000 BILLION DINAR
Millionday: In this context, the economic Alschar Prime Minister Dr. said the appearance of Mohammed Saleh, said that the Ministry of Finance the process of issuing Hawwaladtha cover the deficit through internal and external borrowing, indicating that the assets retained in the account of the Ministry of Finance in 2014 and according to the budget in 2015 amounting to three billion dinars law.
He explained in a statement to the "morning," said the Special Drawing Rights amounted to two billion and 98 million and 800 000 dinars, and the amount due to issue a Eurobond 7 billion dinars, while the amount of the issuance of public debt bonds by the legal reserve banks 6 billion dinars.
Millionday: NOTE -- THE SDR IS THE BASKET OF CURRENCIES ---
Millionday: bond plan is expected to announce that the Ministry of Finance's annual plan for the issuance of Hawwaladtha current year soon as watching economic circles launch these bonds as play a role in easing the proportion of the budget for this year's deficit. and see specialists that domestic borrowing bonds and remittances reduces the need for external borrowing as well for the interest on foreign loans ratio (International) would be great, despite the length of repayment, while borrowing from the inside is available and accessible to the presence of large Aktnazac is invested in the private sector. examined the Ministry of Finance last week, with (Citibank) CITY BANK and senior bank adviser The Director General of the Bank Deutsche Bank.
Millionday: NOTE -- THEY ARE TO ANNOUNCE THE BOND PLAN SOON FOR THIS YEAR (NOT GIVING A TIME) AND --- THE HUGE NEWS IS THAT THE REMITTANCE SYTEM HAS REDUCED THE NEED FOR ALL EXTERNAL BORROWING ENTIRELY ---AS WELL AS THE INTEREST ON THE FOREIGN LOANS ---- THEY WOULD LIKE FOR INTERNATIONAL INTEREST TO BE REMOVED AS WELL --- WHOOOPOW
Millionday: Additional resources and meeting was attended by Governor of the Central Bank, the senior adviser to the Ministry of Finance was emphasized Iraq's desire to find additional financial resources to the state treasury to cover the deficit, the government plans and the Ministry of Finance, as part of their actions precautionary, to resort to the issuance of government bonds in the market for funds worth five billion dollars to ensure continued commitment Bayevaouat operations toward staff and a network of social protection, health and medicine and to support the war effort against the "Daash." The Finance Minister Hoshyar Zebari had said earlier that Iraq has decided to international bond issue worth five billion dollars and is negotiating with banks on the conditions.
Millionday: NOTE -- THE MEETING WAS ATTENDED BY THE CBI GOV (NOT NAMED) AND MOF-- TO TRY TO COVER ALL THE DEFICIT THROUGH RESOURCES--- THEY ARE TO USE THE BONDS TO ENSURE FUNDS IF NEEDED FOR MOSTLY THE WAR EFFORT AND IS WORKING WITH BANKS TO DO JUST THAT --
Millionday: Zebari said a number of journalists in Washington that "Iraq is seeking to issue international bonds worth $ 5 billion, and we are negotiating on it with Citibank, Deutsche Bank," noting that "we have a green light from the government that we need it." He added that " The government is facing a deficit of $ 25 billion in the current year's budget, which amounts to almost $ 100 billion, "he said, adding that" Iraq is also considering a request emergency funding ranging from 400 million to $ 700 million from the International Monetary Fund. "
Millionday: SO THEY ARE NEGOTIATING WITH -- CITIBANK AND DEUTSCHE BANK TO ISSUE THE BONDS --- WHOOOPOW
Millionday: THEY HAVE A ------GREEN LIGHT --- TO GO AHEAD WITH THE BONDS -- SMILE
Millionday: LOVE IT -- GREAT MEETING --- ALL ABOUT THE REFORMS TO MOVE FORWARD WITH THE BUDGET AND ECONOMIC HEALTH
mudder: Is not the deficit 25 Billion (USD)??? Many reports have said the same??? 25 Billion Dinar isn't much.... It's maybe what Maliki stole every week being in power....lol
Millionday: IT IS 25 BILLION US DOLLAR --- WHICH ACCORDING TO THIS IS 25,000 BILLION DINAR
Millionday: ISNT THAT STRANGE ? SMILE
cjquade54: For them to borrow from SDR they will need to peg to the SDR basket of currencies YES?
Millionday: NO THEY WILL NOT HAVE TO BY WHAT I HAVE BEEN ABLE TO FIND SO FAR AND I HAVE BEEN LOOKING -- I HOPE TO HAVE SOMETHING IN ANOTHER REPORT THAT MAY STATE MORE ON THIS
CanTWaitwoRV: euro bonds/foreign bonds
CanTWaitwoRV: based on the definition of both it sounds like they would need to have some sorta rate for both?
Millionday: THEY ARE TO GIVE ALL INFORMATION ON THEM VERY SOON THEY STATED AND ARE WORKING WITH BOTH BANKS ON ISSUING --- THEY HAVE ANNOUNCED HERE THAT THEY HAVE RECEIVED THE ----GOV GREEN LIGHT ---
jtank: why reval if they can keep borrowing-?
Millionday: THEY ARE DECIDING HERE IF THEY WILL BORROW FROM THE IMF AS OFFERED BUT HAVE DONE ENOUGH TO ANNOUNCE THAT ---- THEY NEED ....>>NO<<<< EXTERNAL BORROWING -- WHOOOPOW
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Millionday: The US Treasury Department is ready to support the plans and programs of the Iraqi government's economic.
Millionday: NOTE --- WHOOPOW
Millionday: A statement by the Iraqi Ministry of Finance released today received by all of Iraq [where] a copy of the "Finance Minister Hoshyar Zebari attended yesterday evening at dinner invitation and discussion organized by Citibank Foundation [CITY-BANK] and the presence of US Treasury Secretary Laurent Somrez finance ministers of Ukraine, Peru and the Philippines , Jamaica, Jordan, Saudi Arabia and a representative of the European Union. "
Millionday: NOTE -- OBVIOUSLY A HUGE MEETING THAT WE WOULD ALL LOVE TO BE PART OF ---
Millionday: NOTE -- ALL ARRANGED BY --- CITY BANK
Millionday: READ EVERYWORD >>>The statement pointed out that "During the meeting, they reviewed the global economic trends and the effects of political changes and Regional political and financial situation of the countries in the region."
He said US Treasury Secretary to Zebari, according to the statement, "his willingness to provide support and assistance required for the work and plans of the Iraqi government programs,
Millionday: SO THE US TREASURY HAS ANNOUNCED THAT THEY ARE WILLING TO SUPPORT ALL WORK AND GOV PROGRAMS -- THIS WOULD BE THE DEVELOPMENT OF THE REFORMS ---- THEY DISCUSSED THE GLOBAL ECONOMICS AT THIS MEETING
Danalivin4HIM: What kind of support are they talking about? loans?
Millionday: I WOULD NOT THINK JUST LOANS ---- I WOULD THINK IN ALL THEIR PROGRAMS --- INTERNATIONAL PROMOTIONAL WORK AND BANKING SUPPORT -- ETC ---
Millionday: BUT --- THE INK DOES NOT TELL US
Millionday: SO NO INK ON WHAT
maine: would that include military as they have already done? so more of the same?
Millionday: THIS MEETING IS TOTALLY ECONOMIC THAT WE ARE SEEING RIGHT NOW
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Millionday: WHOOPPOW
Millionday: Economic analyst said Laith satisfaction, on Saturday, that Iraq has the opportunity to conduct an economic maneuver in the global market in light of the slight rise in oil prices.
Satisfaction in Nasrih for "here Karbala," said the important and essential to address the shortfall in Iraq's revenues, especially since the past few months have seen oil production is the lack of access to export equipment that is expected to produce three million three hundred thousand barrels per day.
Millionday: NOTE -- SO THIS ECONOMIC ANALYST IS SAYING THAT -- IRAQ WOULD BE ABLE TO MOVE TO THE GLOBAL MARKET (ISX) WITH THE RAISE IN OIL PRICES NOW
Millionday: He satisfaction of being aware that this will give Iraq's biggest economic room for maneuver in the global market space, taking into account the existence of a new party in the competition, which Iran after the urban and economic sanctions by the lift.
He continued: Iran is seeking to return to the production of natural Bmadladtha which produces two and a half per day.
Millionday: NOTE -- THEY ARE SAYING THAT THIS IS THE BEST TIME WITH IRAN UP AND COMING TO THE MARKET OR TRYING -- THERE IS ALOT OF TALK ABOUT IRAN AND THE MEETING ABOUT IRAN ON MAY 12TH
Millionday: Indicating that Iraq must take good measures and take advantage of rising prices and the development of petrochemical industries and activating the productive sectors.
Laith spoke in a recent exhibition with "here Karbala," Iraq has 4 million employees.
Indicating that all countries of the world depends to work for the production and the economic feasibility of Iraq, but it does not apply this law.
Millionday: He added: Iraqis believe he is the right of every person working in the public sphere, which is part of the guarantee of oil and the state is not necessary that the work of the lead in the state and this so-called disguised unemployment.
Millionday: NOTE -- THE IRAQIS DO NOT BELIEVE THAT THE UNEMPLOYMENT RATE IS RIGHT AND THEY ARE NOT BEING HONEST ABOUT STATISTICS
Millionday: Iraq has managed to raise oil production rate to more than three million and a half million barrels per day, according to the oil ministry plans to reach the production target of 6 million barrels per day during 2018.
Informed sources said that the country's output of crude oil rate recorded during the last month was around 3.5 million barrels per day, and showed that the production of the Kirkuk oilfields averaged 300 000 barrels per day.
Millionday: SO IT SEEMS THAT WITH THE RECOVERY IN THE AREAS AND THE PRICE SOME AS WELL HE IS SAYING THAT THEY COULD ACTUALLY ENTER THE GLOBAL MARKET AT THIS TIME
Millionday: WHOOOPOW
Millionday: GREAT REPORT
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Millionday: Threatened committee parliamentary regions, Sunday, turning to federal court if the federal government's transfer of powers to the provinces have not been applied in the schedule, as indicated that they discussed with the Council of Wasit province, three axes impede the work, said it is keen to deliver the voice of local government in Baghdad.
The Chairman of the Committee of the Regions Khaled Mufriji in an interview with the (long-Presse), after visiting with members of the committee and Wasit province, "we had a meeting alone with the governor of Wasit professor owner behind the valley in the presence of the Commission has been discussed a number of topics pertaining to maintain a relationship status and the obstacles that stand in the way of investment projects and the overall situation pertaining to the province. "
Millionday: NOTE -- THE GOVERNMENT IS DEMANDING THAT THE TRANSFER OF POWERS BE DONE ON TIME --- OR IT WILL TAKE IT TO COURT --- AN AGREEMENT WAS MADE
Millionday: He Mufriji "the House of Representatives is keen to communicate with the local government and the delivery of voice to the executive bodies in Baghdad and listen to their views on the legislation in the governorates and the security file."
He explained Mufriji "We held a joint meeting with the provincial council in the presence of head of the provincial council, the governor, and we discussed the three axes of a transfer of powers from the federal ministries to sub-districts in the province, any application of the text of the law (21) average, along with discussion of the most important problems and challenges facing the work of the province and the board, and follow the relationship between the provincial council and local government in the province. "
Millionday: NOTE -- LAW 21 TO BE APPLIED -- PARLIAMENT IS DEMANDING THAT THE LAW IS UPHELD AND THE MEETING ABOUT THE STEPS AND EFFECTS WAS HELD
Millionday: And the Chairman of the Committee of the Regions in the Iraqi parliament that "the central government's commitment to the deadline for the transfer of powers will push the House of Representatives to go the Federal Court to recover the due rights of the Iraqi provinces to achieve its mandate."
The Council of Ministers, Orteuriilathae (30 December 2014), the withdrawal of the appeal submitted by law amendment governorates not organized province of law, as called for a re-examination of the Amendment Act, within thirty days, and stressed the need to achieve "harmony and flow" between the central government and local governments.
Millionday: NOTE -- THIS IS THE PROBLEM THAT IS BEING COMPLAINED ABOUT ALONG WITH THE RIGHT TO PROMOTE THEIR OWN PROVINCES FOR CORPORATIONS TO INVEST THERE --- THEY WANT TO MAKE THE CHOICES -- AND ALSO FREE UP SOME OF THE MINISTER DUTIES ETC
Millionday: NOTE -- FOR PARLIAMENT TO THREATEN TO TAKE THEM TO COURT -- THIS IS LARGE
Millionday: The management of the province of Dhi Qar, described Monday (29 December 2014), the Conference of the body was coordinating the Supreme Basra province with the participation of 11 provinces and the presence of the Prime Minister Haider al-Abadi as "very important," answered the provincial demands in the application of the law of 21, as shown that the Prime Minister decided to withdraw the appeal submitted by the Council of Ministers on the law, the Ministry of State for Provincial Affairs confirmed that it will begin to hold workshops for the transfer of powers from the ministries to the provinces, starting from early next year.
Millionday: NOTE -- THIS IS WHY IT SOOOO IMPORTANT >>>>>>>>
It is noteworthy that Article 45 of the second amendment to the Law governorates not organized in the territory of Law No. (21) of 2008 voted by the Parliament in its meeting held in the (23 June 2013), states that "establishes the board called (upper body was to coordinate between provinces), headed by the Prime Minister, and the membership of ministers (of Municipalities and Public Works, and Construction and Housing, labor and social affairs, education, health, planning, agriculture, finance, sports and youth) and Minister of State for Provincial Affairs, governors and heads of provincial councils holds the "transfer of sub-circuits and devices, jobs and services and disciplines practiced by those ministries allocated to them with the general budget and staff and personnel allocations, to the provinces within the scope of its functions set out in the Constitution and relevant laws gradually and remains the role of ministries in planni
Millionday: SO AS WE SEE -- THE RUSH TO MOVE FORWARD WILL NOT BE STOPPED SO MUCH SO THAT THREATS ARE BEING MADE OF FEDERAL COURT ---- SMILE
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Millionday: Demanded Finance Minister Hoshyar Zebari, the inclusion of World Bank projects within the investment budget plan in the country.
A statement of the Ministry of Finance received the "morning" that Zebari, with the participation of Governor of the Central Bank of Iraq and the delegation of the Ministry of Finance conducted a "technical talks with the Executive Director of the Iraq Programme at the World Bank Mirza Hassan and members of the Iraq team in the bank, "noting that the two sides discussed, during the meeting," development programs implemented by the Bank in Iraq.
Millionday: NOTE -- MINISTER OF FINANCE IS DEMANDING THE INFRASTRUCTURE PROJECTS FUNDED BY WORLD BANK BE INCLUDED IN >>>THE INVESTMENT PLANS <<< SO WE SEE THEY ARE PREPARING OR HAVE COMPLETED THE INVESTMENT PLANS
Millionday: The Iraqi side, according to the statement "the need for Iraq to targeted programs in vital sectors such as energy, electricity and the need to set priorities," and urged to " the inclusion of World Bank projects within the investment budget plan in the country.
He is scheduled to visit Iraq soon, a high-level delegation and the direction of the President of the World Bank Group to look closely at the emergency needs of displaced and assess the bank's contribution to the reconstruction of the liberated areas Fund of terrorism Daash and propose the allocation of immediate financial assistance.
Millionday: NOTE -- SO THE APPLICATION IS VITAL RIGHT NOW ----
Millionday: At the last meeting at the World Bank, the group of experts from the bank in the fields of economics and public finance policies and implementation of budgets overview of the state of the Iraqi economy and the financial liquidity pressures on the budget, financial and administrative reforms required. A team of experts, according to the statement, the study compared with suffocating financial crises suffered by Argentina, Turkey previously.
Millionday: SO --- REFORMS ARE REQUIRED --------WHOOOPOW ----- THE EXPERTS STATED THAT THIS HAS TO BE DONE TO END THE ECONOMIC CRISIS AS WITH TURKEY AND ARGENTINA ---- REQUIRED !!!!
Millionday: LOOK AT THAT MEETING ---- SMILE
ramses24d: I noticed financial liquidity pressures and in order to relieve them IT IS REQUIRED TO IMPLEMENT REFORMS?
Millionday: EXACTLY !!!!!
beth Millionday: In order to implement reforms we need a REALITY RATE right?
Millionday: THE GOV PROGRAMS -- THE SFA AND OTHER STRATEGIC AND ALSO THE ECONOMIC REFORMS INCLUDE ALL MONETARY POLICIES -- BANKING REFORMS --- ADMIN --- ETC -- ETC -- ALL CHANGES BEING MADE WITHIN IRAQ
Millionday: TO GO TO A MARKET ECONOMY AS THEY HAVE EXPRESSED TO BE PART OF THEIR GOAL REQUIRES THE GLOBAL PRICING INDEX TO BE CALCULATED -- THIS WILL INCLUDE THE DINAR AND EVERYTHING IN COUNTRY AND OUT TO DO WITH ALL TRANSACTIONS AND PRICING
rvsandy: don't you think they wanna do more of this I saw
rvsandy: have they pulled in enough dinar
Millionday: SANDY --- DO MORE OF WHAT HUN?
rvsandy: pull in enough of the streets like they wanted too
Millionday: SANDY -- I THINK SOMETHING WENT WRONG --- MOST OF WHAT YOU TYPED DID NOT SHOW UP -- BUT YES I THINK THEY WILL BE MINIMIZING AND ARE MINIMIZING THE CIRCULATED CURRENCY -- CURRENTLY
CanTWaitwoRV: it seems they've made a decision to to go with bonds to trim down/get rid of the budget deficit?
CanTWaitwoRV: if that's the case that would raise the value of the dinar I'm thinking which would also trigger the monetary reform/policies?
Millionday: THEY ARE GOING TO RELEASE THE ENTIRE BOND PROGRAM SOON IS WHAT THEY STATED AND ARE MINIMIZING THE INTEREST TO HELP WITH THE DEFICIT AND HOPE TO MINIMIZE THE INTERNATIONAL INTEREST TO MINIMIZE THE DEFICIT ----- BUT UNTIL WE SEE THE ACTUAL BOND PROGRAM --- WE CANT KNOW THE WHOLE PICTURE
Millionday: THEY MEANT EITHER ---- THE INFORMATION OR THE PROGRAM ITSELF ------- DUE TO TRANSLATIONS -- NO ONE CAN KNOW -- SO THEY ARE IN A HURRY TO RELEASE EITHER INFO OR THE BONDS ENTIRELY --- I WISH FOR THE LATTER
Millionday: SMILE
Millionday: HOWEVER EVERYONE --- THEY HAVE THE ECONOMIC EXPERTS STATING THAT THEY ARE CAPABLE OF GOING GLOBAL WITH ISX AND RIGHT NOW IS THE PERFECT TIME !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Millionday: WHOOOPOW
Millionday: WE WILL SEE ALL OF YOU AT ROUND TABLE AND FOR NEWSTIME TOMORROW
Millionday: NOTE -- AN EXPANDED MEETING WITH THE UN----US--- AND THE EU ---
Millionday: The source told / information / The "House Speaker Salim al-held, currently, an expanded meeting in his guesthouse, with the Ambassador of the European Union I Hapaschkova and US Deputy Ambassador and the German deputy head of the UN mission, in the presence of representatives from the provinces of Mosul and Diyala, Anbar and Salahuddin and representatives from the Ministry of Interior, Commerce and Health and National Security. "
Millionday: NOTE -- THIS IS ALSO WITH REPRESENTATIVES OF COMMERCE (BUSINESS) --- HEALTH -INTERIOR-SECURITY-AND HEALTH --
Millionday: The source added that "the meeting was to discuss security and economic conditions experienced by Iraq, and especially the UN relief efforts for displaced people, which has become a major crisis of them suffering of the Iraqi state, and need to be concerted efforts to avoid them and alleviate the burden of the displaced families."
Millionday: NOTE -- THE UN IS STRONGLY PUSHING FOR PEOPLE TO GET BACK IN THEIR HOMES -- WE HAVE SEEN MULTIPLE REPORTS ABOUT MANY COUNTRIES WILLING TO HELP AND ALSO IRAQ`S POSITION --- BUT THE PUSH IS ON NOW TO GET IT DONE -- ACTION NEEDED
Millionday: Displaced during the past two days thousands of families from the city of Ramadi, after an attack cowardly gangs "Daash" criminal unleashed on the city, and the majority of them arrived in the capital Baghdad, prompting clarion year to help them and quartered
Millionday: SO AS WE CAN GUESS AND SEE HERE -- THE AMOUNT OF DISPLACED FAMILIES HAS RISEN ALOT --- AS EXPECTED AND THEY ARE ALSO IN AND NEAR BAGHDAD --
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Millionday: Iraq plans to cover the budget deficit for the current year amounting to more than 25 000 billion dinars, through internal and external borrowing and amounts retained cash in the Ministry of Finance account as well as the Special Drawing Rights and the issuance of foreign bonds and bonds of public debt and treasury remittances .
Millionday: WHOOOPOW
Millionday: NOTE -- THE BUDGET DEFICIT OF MORE THAN 25000 BILLION DINAR
Millionday: In this context, the economic Alschar Prime Minister Dr. said the appearance of Mohammed Saleh, said that the Ministry of Finance the process of issuing Hawwaladtha cover the deficit through internal and external borrowing, indicating that the assets retained in the account of the Ministry of Finance in 2014 and according to the budget in 2015 amounting to three billion dinars law.
He explained in a statement to the "morning," said the Special Drawing Rights amounted to two billion and 98 million and 800 000 dinars, and the amount due to issue a Eurobond 7 billion dinars, while the amount of the issuance of public debt bonds by the legal reserve banks 6 billion dinars.
Millionday: NOTE -- THE SDR IS THE BASKET OF CURRENCIES ---
Millionday: bond plan is expected to announce that the Ministry of Finance's annual plan for the issuance of Hawwaladtha current year soon as watching economic circles launch these bonds as play a role in easing the proportion of the budget for this year's deficit. and see specialists that domestic borrowing bonds and remittances reduces the need for external borrowing as well for the interest on foreign loans ratio (International) would be great, despite the length of repayment, while borrowing from the inside is available and accessible to the presence of large Aktnazac is invested in the private sector. examined the Ministry of Finance last week, with (Citibank) CITY BANK and senior bank adviser The Director General of the Bank Deutsche Bank.
Millionday: NOTE -- THEY ARE TO ANNOUNCE THE BOND PLAN SOON FOR THIS YEAR (NOT GIVING A TIME) AND --- THE HUGE NEWS IS THAT THE REMITTANCE SYTEM HAS REDUCED THE NEED FOR ALL EXTERNAL BORROWING ENTIRELY ---AS WELL AS THE INTEREST ON THE FOREIGN LOANS ---- THEY WOULD LIKE FOR INTERNATIONAL INTEREST TO BE REMOVED AS WELL --- WHOOOPOW
Millionday: Additional resources and meeting was attended by Governor of the Central Bank, the senior adviser to the Ministry of Finance was emphasized Iraq's desire to find additional financial resources to the state treasury to cover the deficit, the government plans and the Ministry of Finance, as part of their actions precautionary, to resort to the issuance of government bonds in the market for funds worth five billion dollars to ensure continued commitment Bayevaouat operations toward staff and a network of social protection, health and medicine and to support the war effort against the "Daash." The Finance Minister Hoshyar Zebari had said earlier that Iraq has decided to international bond issue worth five billion dollars and is negotiating with banks on the conditions.
Millionday: NOTE -- THE MEETING WAS ATTENDED BY THE CBI GOV (NOT NAMED) AND MOF-- TO TRY TO COVER ALL THE DEFICIT THROUGH RESOURCES--- THEY ARE TO USE THE BONDS TO ENSURE FUNDS IF NEEDED FOR MOSTLY THE WAR EFFORT AND IS WORKING WITH BANKS TO DO JUST THAT --
Millionday: Zebari said a number of journalists in Washington that "Iraq is seeking to issue international bonds worth $ 5 billion, and we are negotiating on it with Citibank, Deutsche Bank," noting that "we have a green light from the government that we need it." He added that " The government is facing a deficit of $ 25 billion in the current year's budget, which amounts to almost $ 100 billion, "he said, adding that" Iraq is also considering a request emergency funding ranging from 400 million to $ 700 million from the International Monetary Fund. "
Millionday: SO THEY ARE NEGOTIATING WITH -- CITIBANK AND DEUTSCHE BANK TO ISSUE THE BONDS --- WHOOOPOW
Millionday: THEY HAVE A ------GREEN LIGHT --- TO GO AHEAD WITH THE BONDS -- SMILE
Millionday: LOVE IT -- GREAT MEETING --- ALL ABOUT THE REFORMS TO MOVE FORWARD WITH THE BUDGET AND ECONOMIC HEALTH
mudder: Is not the deficit 25 Billion (USD)??? Many reports have said the same??? 25 Billion Dinar isn't much.... It's maybe what Maliki stole every week being in power....lol
Millionday: IT IS 25 BILLION US DOLLAR --- WHICH ACCORDING TO THIS IS 25,000 BILLION DINAR
Millionday: ISNT THAT STRANGE ? SMILE
cjquade54: For them to borrow from SDR they will need to peg to the SDR basket of currencies YES?
Millionday: NO THEY WILL NOT HAVE TO BY WHAT I HAVE BEEN ABLE TO FIND SO FAR AND I HAVE BEEN LOOKING -- I HOPE TO HAVE SOMETHING IN ANOTHER REPORT THAT MAY STATE MORE ON THIS
CanTWaitwoRV: euro bonds/foreign bonds
CanTWaitwoRV: based on the definition of both it sounds like they would need to have some sorta rate for both?
Millionday: THEY ARE TO GIVE ALL INFORMATION ON THEM VERY SOON THEY STATED AND ARE WORKING WITH BOTH BANKS ON ISSUING --- THEY HAVE ANNOUNCED HERE THAT THEY HAVE RECEIVED THE ----GOV GREEN LIGHT ---
jtank: why reval if they can keep borrowing-?
Millionday: THEY ARE DECIDING HERE IF THEY WILL BORROW FROM THE IMF AS OFFERED BUT HAVE DONE ENOUGH TO ANNOUNCE THAT ---- THEY NEED ....>>NO<<<< EXTERNAL BORROWING -- WHOOOPOW
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Millionday: The US Treasury Department is ready to support the plans and programs of the Iraqi government's economic.
Millionday: NOTE --- WHOOPOW
Millionday: A statement by the Iraqi Ministry of Finance released today received by all of Iraq [where] a copy of the "Finance Minister Hoshyar Zebari attended yesterday evening at dinner invitation and discussion organized by Citibank Foundation [CITY-BANK] and the presence of US Treasury Secretary Laurent Somrez finance ministers of Ukraine, Peru and the Philippines , Jamaica, Jordan, Saudi Arabia and a representative of the European Union. "
Millionday: NOTE -- OBVIOUSLY A HUGE MEETING THAT WE WOULD ALL LOVE TO BE PART OF ---
Millionday: NOTE -- ALL ARRANGED BY --- CITY BANK
Millionday: READ EVERYWORD >>>The statement pointed out that "During the meeting, they reviewed the global economic trends and the effects of political changes and Regional political and financial situation of the countries in the region."
He said US Treasury Secretary to Zebari, according to the statement, "his willingness to provide support and assistance required for the work and plans of the Iraqi government programs,
Millionday: SO THE US TREASURY HAS ANNOUNCED THAT THEY ARE WILLING TO SUPPORT ALL WORK AND GOV PROGRAMS -- THIS WOULD BE THE DEVELOPMENT OF THE REFORMS ---- THEY DISCUSSED THE GLOBAL ECONOMICS AT THIS MEETING
Danalivin4HIM: What kind of support are they talking about? loans?
Millionday: I WOULD NOT THINK JUST LOANS ---- I WOULD THINK IN ALL THEIR PROGRAMS --- INTERNATIONAL PROMOTIONAL WORK AND BANKING SUPPORT -- ETC ---
Millionday: BUT --- THE INK DOES NOT TELL US
Millionday: SO NO INK ON WHAT
maine: would that include military as they have already done? so more of the same?
Millionday: THIS MEETING IS TOTALLY ECONOMIC THAT WE ARE SEEING RIGHT NOW
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Millionday: WHOOPPOW
Millionday: Economic analyst said Laith satisfaction, on Saturday, that Iraq has the opportunity to conduct an economic maneuver in the global market in light of the slight rise in oil prices.
Satisfaction in Nasrih for "here Karbala," said the important and essential to address the shortfall in Iraq's revenues, especially since the past few months have seen oil production is the lack of access to export equipment that is expected to produce three million three hundred thousand barrels per day.
Millionday: NOTE -- SO THIS ECONOMIC ANALYST IS SAYING THAT -- IRAQ WOULD BE ABLE TO MOVE TO THE GLOBAL MARKET (ISX) WITH THE RAISE IN OIL PRICES NOW
Millionday: He satisfaction of being aware that this will give Iraq's biggest economic room for maneuver in the global market space, taking into account the existence of a new party in the competition, which Iran after the urban and economic sanctions by the lift.
He continued: Iran is seeking to return to the production of natural Bmadladtha which produces two and a half per day.
Millionday: NOTE -- THEY ARE SAYING THAT THIS IS THE BEST TIME WITH IRAN UP AND COMING TO THE MARKET OR TRYING -- THERE IS ALOT OF TALK ABOUT IRAN AND THE MEETING ABOUT IRAN ON MAY 12TH
Millionday: Indicating that Iraq must take good measures and take advantage of rising prices and the development of petrochemical industries and activating the productive sectors.
Laith spoke in a recent exhibition with "here Karbala," Iraq has 4 million employees.
Indicating that all countries of the world depends to work for the production and the economic feasibility of Iraq, but it does not apply this law.
Millionday: He added: Iraqis believe he is the right of every person working in the public sphere, which is part of the guarantee of oil and the state is not necessary that the work of the lead in the state and this so-called disguised unemployment.
Millionday: NOTE -- THE IRAQIS DO NOT BELIEVE THAT THE UNEMPLOYMENT RATE IS RIGHT AND THEY ARE NOT BEING HONEST ABOUT STATISTICS
Millionday: Iraq has managed to raise oil production rate to more than three million and a half million barrels per day, according to the oil ministry plans to reach the production target of 6 million barrels per day during 2018.
Informed sources said that the country's output of crude oil rate recorded during the last month was around 3.5 million barrels per day, and showed that the production of the Kirkuk oilfields averaged 300 000 barrels per day.
Millionday: SO IT SEEMS THAT WITH THE RECOVERY IN THE AREAS AND THE PRICE SOME AS WELL HE IS SAYING THAT THEY COULD ACTUALLY ENTER THE GLOBAL MARKET AT THIS TIME
Millionday: WHOOOPOW
Millionday: GREAT REPORT
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Millionday: Threatened committee parliamentary regions, Sunday, turning to federal court if the federal government's transfer of powers to the provinces have not been applied in the schedule, as indicated that they discussed with the Council of Wasit province, three axes impede the work, said it is keen to deliver the voice of local government in Baghdad.
The Chairman of the Committee of the Regions Khaled Mufriji in an interview with the (long-Presse), after visiting with members of the committee and Wasit province, "we had a meeting alone with the governor of Wasit professor owner behind the valley in the presence of the Commission has been discussed a number of topics pertaining to maintain a relationship status and the obstacles that stand in the way of investment projects and the overall situation pertaining to the province. "
Millionday: NOTE -- THE GOVERNMENT IS DEMANDING THAT THE TRANSFER OF POWERS BE DONE ON TIME --- OR IT WILL TAKE IT TO COURT --- AN AGREEMENT WAS MADE
Millionday: He Mufriji "the House of Representatives is keen to communicate with the local government and the delivery of voice to the executive bodies in Baghdad and listen to their views on the legislation in the governorates and the security file."
He explained Mufriji "We held a joint meeting with the provincial council in the presence of head of the provincial council, the governor, and we discussed the three axes of a transfer of powers from the federal ministries to sub-districts in the province, any application of the text of the law (21) average, along with discussion of the most important problems and challenges facing the work of the province and the board, and follow the relationship between the provincial council and local government in the province. "
Millionday: NOTE -- LAW 21 TO BE APPLIED -- PARLIAMENT IS DEMANDING THAT THE LAW IS UPHELD AND THE MEETING ABOUT THE STEPS AND EFFECTS WAS HELD
Millionday: And the Chairman of the Committee of the Regions in the Iraqi parliament that "the central government's commitment to the deadline for the transfer of powers will push the House of Representatives to go the Federal Court to recover the due rights of the Iraqi provinces to achieve its mandate."
The Council of Ministers, Orteuriilathae (30 December 2014), the withdrawal of the appeal submitted by law amendment governorates not organized province of law, as called for a re-examination of the Amendment Act, within thirty days, and stressed the need to achieve "harmony and flow" between the central government and local governments.
Millionday: NOTE -- THIS IS THE PROBLEM THAT IS BEING COMPLAINED ABOUT ALONG WITH THE RIGHT TO PROMOTE THEIR OWN PROVINCES FOR CORPORATIONS TO INVEST THERE --- THEY WANT TO MAKE THE CHOICES -- AND ALSO FREE UP SOME OF THE MINISTER DUTIES ETC
Millionday: NOTE -- FOR PARLIAMENT TO THREATEN TO TAKE THEM TO COURT -- THIS IS LARGE
Millionday: The management of the province of Dhi Qar, described Monday (29 December 2014), the Conference of the body was coordinating the Supreme Basra province with the participation of 11 provinces and the presence of the Prime Minister Haider al-Abadi as "very important," answered the provincial demands in the application of the law of 21, as shown that the Prime Minister decided to withdraw the appeal submitted by the Council of Ministers on the law, the Ministry of State for Provincial Affairs confirmed that it will begin to hold workshops for the transfer of powers from the ministries to the provinces, starting from early next year.
Millionday: NOTE -- THIS IS WHY IT SOOOO IMPORTANT >>>>>>>>
It is noteworthy that Article 45 of the second amendment to the Law governorates not organized in the territory of Law No. (21) of 2008 voted by the Parliament in its meeting held in the (23 June 2013), states that "establishes the board called (upper body was to coordinate between provinces), headed by the Prime Minister, and the membership of ministers (of Municipalities and Public Works, and Construction and Housing, labor and social affairs, education, health, planning, agriculture, finance, sports and youth) and Minister of State for Provincial Affairs, governors and heads of provincial councils holds the "transfer of sub-circuits and devices, jobs and services and disciplines practiced by those ministries allocated to them with the general budget and staff and personnel allocations, to the provinces within the scope of its functions set out in the Constitution and relevant laws gradually and remains the role of ministries in planni
Millionday: SO AS WE SEE -- THE RUSH TO MOVE FORWARD WILL NOT BE STOPPED SO MUCH SO THAT THREATS ARE BEING MADE OF FEDERAL COURT ---- SMILE
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Millionday: Demanded Finance Minister Hoshyar Zebari, the inclusion of World Bank projects within the investment budget plan in the country.
A statement of the Ministry of Finance received the "morning" that Zebari, with the participation of Governor of the Central Bank of Iraq and the delegation of the Ministry of Finance conducted a "technical talks with the Executive Director of the Iraq Programme at the World Bank Mirza Hassan and members of the Iraq team in the bank, "noting that the two sides discussed, during the meeting," development programs implemented by the Bank in Iraq.
Millionday: NOTE -- MINISTER OF FINANCE IS DEMANDING THE INFRASTRUCTURE PROJECTS FUNDED BY WORLD BANK BE INCLUDED IN >>>THE INVESTMENT PLANS <<< SO WE SEE THEY ARE PREPARING OR HAVE COMPLETED THE INVESTMENT PLANS
Millionday: The Iraqi side, according to the statement "the need for Iraq to targeted programs in vital sectors such as energy, electricity and the need to set priorities," and urged to " the inclusion of World Bank projects within the investment budget plan in the country.
He is scheduled to visit Iraq soon, a high-level delegation and the direction of the President of the World Bank Group to look closely at the emergency needs of displaced and assess the bank's contribution to the reconstruction of the liberated areas Fund of terrorism Daash and propose the allocation of immediate financial assistance.
Millionday: NOTE -- SO THE APPLICATION IS VITAL RIGHT NOW ----
Millionday: At the last meeting at the World Bank, the group of experts from the bank in the fields of economics and public finance policies and implementation of budgets overview of the state of the Iraqi economy and the financial liquidity pressures on the budget, financial and administrative reforms required. A team of experts, according to the statement, the study compared with suffocating financial crises suffered by Argentina, Turkey previously.
Millionday: SO --- REFORMS ARE REQUIRED --------WHOOOPOW ----- THE EXPERTS STATED THAT THIS HAS TO BE DONE TO END THE ECONOMIC CRISIS AS WITH TURKEY AND ARGENTINA ---- REQUIRED !!!!
Millionday: LOOK AT THAT MEETING ---- SMILE
ramses24d: I noticed financial liquidity pressures and in order to relieve them IT IS REQUIRED TO IMPLEMENT REFORMS?
Millionday: EXACTLY !!!!!
beth Millionday: In order to implement reforms we need a REALITY RATE right?
Millionday: THE GOV PROGRAMS -- THE SFA AND OTHER STRATEGIC AND ALSO THE ECONOMIC REFORMS INCLUDE ALL MONETARY POLICIES -- BANKING REFORMS --- ADMIN --- ETC -- ETC -- ALL CHANGES BEING MADE WITHIN IRAQ
Millionday: TO GO TO A MARKET ECONOMY AS THEY HAVE EXPRESSED TO BE PART OF THEIR GOAL REQUIRES THE GLOBAL PRICING INDEX TO BE CALCULATED -- THIS WILL INCLUDE THE DINAR AND EVERYTHING IN COUNTRY AND OUT TO DO WITH ALL TRANSACTIONS AND PRICING
rvsandy: don't you think they wanna do more of this I saw
rvsandy: have they pulled in enough dinar
Millionday: SANDY --- DO MORE OF WHAT HUN?
rvsandy: pull in enough of the streets like they wanted too
Millionday: SANDY -- I THINK SOMETHING WENT WRONG --- MOST OF WHAT YOU TYPED DID NOT SHOW UP -- BUT YES I THINK THEY WILL BE MINIMIZING AND ARE MINIMIZING THE CIRCULATED CURRENCY -- CURRENTLY
CanTWaitwoRV: it seems they've made a decision to to go with bonds to trim down/get rid of the budget deficit?
CanTWaitwoRV: if that's the case that would raise the value of the dinar I'm thinking which would also trigger the monetary reform/policies?
Millionday: THEY ARE GOING TO RELEASE THE ENTIRE BOND PROGRAM SOON IS WHAT THEY STATED AND ARE MINIMIZING THE INTEREST TO HELP WITH THE DEFICIT AND HOPE TO MINIMIZE THE INTERNATIONAL INTEREST TO MINIMIZE THE DEFICIT ----- BUT UNTIL WE SEE THE ACTUAL BOND PROGRAM --- WE CANT KNOW THE WHOLE PICTURE
Millionday: THEY MEANT EITHER ---- THE INFORMATION OR THE PROGRAM ITSELF ------- DUE TO TRANSLATIONS -- NO ONE CAN KNOW -- SO THEY ARE IN A HURRY TO RELEASE EITHER INFO OR THE BONDS ENTIRELY --- I WISH FOR THE LATTER
Millionday: SMILE
Millionday: HOWEVER EVERYONE --- THEY HAVE THE ECONOMIC EXPERTS STATING THAT THEY ARE CAPABLE OF GOING GLOBAL WITH ISX AND RIGHT NOW IS THE PERFECT TIME !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Millionday: WHOOOPOW
Millionday: WE WILL SEE ALL OF YOU AT ROUND TABLE AND FOR NEWSTIME TOMORROW
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Re: Millionday's News to start your week
by Kevind53 Mon Apr 20, 2015 8:09 am
As usual, lots of words, tons of superlatives, very little, if anything, that has any real bearing on a possible significant increase in the value of the dinar.
*****************
Trust but Verify --- R Reagan
"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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