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Millionday 7/1/15 News


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Millionday news 7/1/15

Millionday: THE TITLE GRABBED MY ATTENTION>>> RV is Essential to Finance the Budget

Millionday: A seminar held to discuss the progress of the development policies and it was attended by the Governor of Iraqi Central Bank, large number of economists, officials, businessmen, academics and institutions.

They discussed the reasons behind the recent crisis, low value of Iraqi dinar against the U.S dollar and its effects on the economy of Iraq.

Mehdi Al Hafez said that the prices are stabilizing in the country, the Iraqi Central Bank has taken some major and important measures that limited the provocation of these crisis, so the Iraqi dinar returning to its previous position.

The Iraqi Central Bank is also focusing on executing development projects with a handsome support of billion dollars in the form of loans for small and medium size projects.

Millionday: NOTE --THIS IS A HUGE SEMINAR AND THE STABALIZING OF THE ECONOMY -- IT IS IMPACTED BY (IF YOU DID NOT KNOW) A LOW VALUE ON THEIR CURRENCY
~~~

Millionday: The Governor of the Iraqi Central Bank said that we are focusing on our monetary policy, especially the process of selling the U.S dollars which is most important for Central Bank and for other banks, although buying and selling of foreign currencies is not their business process, but it is related to Central Bank’s monetary policy and to achieve the economic stability for the country.

He also added that a sale of U.S dollars contributes financing in the Iraqi commercial sector. It is also said that more than 70 percent of the U.S dollar sales used to cover the imports.

He said that there is not any problem regarding shortage of U.S dollars but the lack of coordination and cooperation which resulted shortage in the local revenues and created problems to convert U.S dollars into Iraqi dinars, so the Iraqi Central Bank interested in selling more U.S dollars in its daily sales auction.

Millionday: SO AS WE SEE HERE -- THE GOAL IS TO IMPLEMENT THE MONETARY POLICY FOR ALL OF IRAQ AND INVESTORS ---

Millionday: MANY HAVE BEEN CONFUSED OVER THE RECENT SALE OF US DOLLAR --- IT IS SIMPLY AN ECONOMIC TOOL DUE TO THE RESULT NEED

Millionday: A commission of economy and investment representative, Wednesday, for the new currency launch of the 50 class thousand dinars to the Iraqi market during the current month.

He said committee member Najiba Najib's / scales News / "The central bank will present the new category of coin fifty thousand dinars to the Iraqi market during the current month after the completion of all their actions."

Najib added that "the other category of 100 000 dinars will go after the launch of the 50 category Alaracqa thousand dinars in the market for a while Alasthoudarat and procedures for that category is complete and make sure of their advantages and disadvantages."

This "revealed the Central Bank of Iraq, his request to wait for the issuance of class 100 000 dinars, noting that the issuance of 50 thousand dinars category of the local currency will be the end of this year"

Millionday: SO PART OF THE MONETARY POLICY HAS BEEN REPORTED TO INCLUDE THE RELEASE OF THE 50,000 --- ACCORDING TO THIS REPORT AND OTHERS --- THAT WILL BE IN JULY

Millionday: The prime minister Haider al-Abadi, Wednesday, the government's commitment to the government program, indicating it had carried out most of the paragraphs within the periods mentioned.

Ebadi said Office in a statement issued today, and received for News Agency (et), a copy of "The prime minister Haider al-Abadi met in his office, head of the UN mission in Iraq, Jan Kubiš and the US ambassador in Iraq, Stuart Jones, the British ambassador to Iraq, Frank Baker" noting that "During the meeting, they discussed the strengthening of national reconciliation government program and the law of the National Guard and opening regional".

Millionday: NOTE -- DURING THE MEETING HELD TODAY BY ABADI -HE STATED THAT MOST OF THE GOV PROGRAM HAS BEEN DONE WITHIN THE TIME LIMITS GIVEN

Millionday:

He added that the office "has been discussed the government's efforts in implementing reforms in addition to political and security situation and the victories achieved on Daash gangs".

Abadi said during the statement, "The government is committed to the government program and reforms in it," pointing to "it carried out most of the paragraphs within the periods mentioned."

He continued Abadi "We strive to serve the citizens and achieve security and stability of the country in spite of the many challenges faced."

Millionday: NOTE -- HE IS PRAISING THE WORK THEY HAVE DONE PER REFORMS ETC

Millionday: In turn, the guest delegation praised as "the government's efforts in promoting the steps of national reconciliation and the implementation of the government program and the reforms that are working to implement them in various sectors."

The Prime Minister said Haider al-Abadi, in the January 31, 2015, for his commitment to the government program which formalized the current government, while calling on all political blocs to commitment to the program.

Millionday: WE ALSO KNOW THAT THIS WEEK THE THREE PRESIDENTS (UNIFIED GOV) WILL MEET ASSIGN RESPONSIBILITIES

Millionday: Aleomcdt Iraqi private banks association, on Wednesday, that the adoption of the Council of Ministers to the law of money laundering will give a global trust for private banks, and as pointed out that banks will adhere to the law, pointed out that the approval in the House of Representatives would avoid entering Iraq within the black list.

The head of the Association of private banks and depositary bitter melon in a statement received "News Today" a copy of it, that "the adoption of the Council of Ministers the draft Anti-Money Laundering Act and the financing of terrorism of important laws and in support of the banking sector.

Millionday: NOTE -- THE COUNCIL APPROVED TODAY THE LAW OF MONEY LAUNDERING---

THIS ADS COFIDENCE IN THEIR BANKING INDUSTRY GLOBALLY AND WILL KEEP THEM OFF THE INTERNATIONAL "BLACK LIST"--- THE HEAD OF PRIVATE BANKING ASSOCIATION STATES THIS ADOPTION SUPPORTS THE NATIONAL BANKING SECTOR –

Millionday: READ EVERY WORD>>> Handal said that "this law will provide frameworks, concepts and provisions that enable the central bank, the judiciary and agencies related to the use of appropriate tools to combat money laundering and terrorist financing and the development of deterrent to such practices,

"adding that" the law will give the world confidence in foreign dealings with Iraqi banks. "

He said Handal that "all the member banks of the Association is keen to abide by the law if the legislation because of this Thread of direct importance and impact on the economy and society, especially in the current stage,

"stressing that" this legislation avoids entering Iraq blacklisted if it was passed by Parliament in the near term. "

Millionday: SO THE PASSING OF THIS IN THIS PARLIAMENT SESSION OF COURSE WILL BE GREAT NEWS AND HELP IRAQ IN THE GROWTH OF NOT ONLY THEIR BUSINESS BUT ALSO WILL GIVE WORLD CONFIDENCE

Millionday: Center Brief for the Iraqi Media Network (IMN) - in front of the House of Representatives in the second legislative enacted more than twenty legally awaiting inclusion in the agenda of the Council, Dmenhm bills carried over from the first parliamentary session.

Among the most prominent laws that are believed to be will be approved during the second legislative year, the Federal Court and the amnesty and political parties and the National Guard, oil and gas, as is clear from the statements of the political blocs, that there is a consensus seriously by them to pass these laws.

Millionday: NOTE -- TWENTY LAWS ARE SITTING WAITING FOR PARLIAMENT TO PASS RIGHT NOW -- REPORTABLY THEY WILL ADDRESS THE MOST IMPORTANT LAWS FIRST

Millionday: NOTE -- PARLIAMENT HAS STATED THAT THEY ARE PREPARED SERIOUSLY TO PASS THESE LAWS

Millionday: And it caused the differences between the political blocs during the past years to disrupt the adoption of important laws, especially the amnesty, oil and gas, causing Ptogelhma of the first session to the second, and then third, despite the offer by more than a draft of the two laws.

MP for the coalition of state law says Fatima Hamidi's (IMN) "The laws that did not acknowledge during the past years, will have a place on the agenda of the House of Representatives in the second legislative year, in order to read and vote on them, after the political blocs agree upon once and for all."

Millionday: NOTE -- FINALLY A PREPARED HCL IS IN PARLIAMENT AND THE AMMENDMENTS COMPLETE

Millionday: It adds that "the oil and gas law is one of the important laws that must be prescribed by the House of Representatives in the coming weeks, because of its great importance in the process of organizing the export of oil, and an end to disputes over oil wealth between the Governments of the center and the region."

Hamidi and suggest that "a coalition of state law, if any, determined desire of other political blocs to pass important laws, provided it does not conflict with the Constitution and looking for the interests of the masses and not the community in general."

Millionday: NOTE -- THEY HAVE STATED IN A FEW REPORTS THAT IF THE LAWS ARE CONSTITUTIONALLY SOUND THEY ARE GOING BE PASSED – HMMMMM

Millionday: The speaker of the House of Representatives Saleem al-Jubouri earlier, to make concessions in order to pass important laws, because the public interest requires that everyone, in order to end differences on important laws, and that would contribute to the stability of the country.

For his part, MP for the coalition united Hamid al-Mutlaq underlines the importance that "the political blocs, without exception, a real and serious desire to pass important laws, and lack of concern by political differences, but that will not affect the public interest.

"The speaker of the House of Representatives Saleem al-Jubouri earlier, to make concessions in order to pass important laws, because the public interest requires that everyone, in order to end differences on important laws, and that would contribute to the stability of the country.

For his part, MP for the coalition united Hamid al-Mutlaq underlines the importance that "the political blocs, without exception, a real and serious desire to pa

Millionday: NOTE -- THE ENTIRE GOAL IS TO DIRECT IRAQ TO SUCCESS BUT CERTAINLY TOWARD STABILITY

Millionday: NOTE -- SPEAKER OF THE HOUSE WANTS ALL DIFFERENCES PUT ASIDE -- HUGE PRESSURE

Millionday: He says for (IMN) "The National Guard Law is one of the important laws that will agree on the approval of the political blocs in the first legislative session of the second legislative year, as keep pace with events that Iraq is going through now, and that you need."

Mutlaq and adds that "the situation that Iraq is going through now is not likely political bickering and the postponement of the adoption of important laws, which put on the shelves of Parliament years ago," noting "the existence of positive indicators on the adoption of important laws during the second legislative year."

Millionday: NOTE -- MANY LAWS ARE SITTING SO ALL CAN BE PUT IN PLACE AT THE SAME TIME

Millionday: It adds that "the laws that got semi-final by consensus, is the general amnesty and political parties and the National Guard, which is one of the most prominent laws existing law, which will allow an opportunity for the representatives of the people for a vote,

Millionday: after he got the political will to approve."
The MP said the National Alliance Mohammed fact that earlier, that the Presidency of the Council of Representatives will meet with the heads of parliamentary blocs to discuss resolving the issue of the three laws, namely the National Guard and the Federal Court and the parties.

He held a number of deputies of the Presidium of the parliament and the heads of political blocs responsibility disable some important laws in the House of Representatives.

Millionday: Hashemi

stressed economic academic d. Majid Baidhani, if the private sector to work sophisticated way outside the traditional way to search for opportunities of integration and the establishment of non-family companies as well as find new work formulas rely separate administration for the capital as is the case in developed countries.

He went Baidhani in an interview for the "morning" of the need Investment university students outputs in the terms of reference for the development of the means of production to their importance in achieving the feasibility,

especially that there are projects many scientific graduated country needs to be applied to the land of Allowaqa.odaa to edit the private sector from the restrictions of old laws it represents a real opportunity for Iraq to achieve economic development in Almokhtlvh.waodh sectors that the private sector needs real attention to the state legislative and executive Abjahtaha in the enactment of new laws.

Millionday: SO --- THE PRIVATE SECTOR BEING CHANGED BY THE APPLICATION OF THE NEW LAWS REMOVES THE OBVIOUS RESTRICTION THEY ARE IN

AND GIVES THEM A REAL OPPORTUNITY TO ACHEIVE FINALLY THE ECONOMIC DEVELOPMENT THEY HAVE BEEN WORKING TOWARD
 
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Snow I'm 53 and have other investments I have been semi-successful in. I actually have reduced my position here but still have a lot of dinars. I pray this works out for us all. I've always been a speculator not really an investor. This is definitely a speculation that I have put quite a bit of money into. I really feel eventually they will do something to increase the value. I just hope I out live the event.

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#jealous

 

Snow I'm 53 and have other investments I have been semi-successful in. I actually have reduced my position here but still have a lot of dinars. I pray this works out for us all. I've always been a speculator not really an investor. This is definitely a speculation that I have put quite a bit of money into. I really feel eventually they will do something to increase the value. I just hope I out live the event.

 

I wish your kind of success on everyone!!!

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I have reduced my holdings in the dinar and considered what I am still holding to be a loss.

 

If the dinar does RV, I will feel myself blessed.

Same boat here.   In 2006 I told myself in 10 years I take a look where I'm at, wow, that 10 years has flown by.  I was excited, hopeful, now I'm very skeptical this will ever happen.

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