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Sunday, April 26, 2015

Millionday Saturday Night News Part 2

Millionday News 4/25/15  Part 2

Welcome to dinarupdates.com for News Time with Millionday!!

Millionday: SO AS WE SEE HERE -- IT SEEMS THAT OPTIMISM IS IN THE MIND OF MASUM AND HE IS DECLARING ACCORDING TO THIS ----VICTORIES IN THE WAR ON TERORISM --- HUGE HUGE

Millionday: NOTE -- SO FAR WE HAVE SEEN PREPARATIONS FOR THE IMF FUND AND NOW THE ANNOUNCEMENT OF AN ATMOSPHERE FOR NATIONAL RECONCILATION --- WHOOOPOW

Millionday: NOTE -- THIS IS FROM A GREAT REPORT BROUGHT TO US BY ONE OF GREAT RESEARCHERS -- LETS LOOK AT THIS AS WELL

Millionday: He told Chenkali / JD /, the central bank must take measures supportive of the Iraqi dinar and the fight against those who tamper with the security of the national economy, because the interest of the country above all else.
~~~
The student Chenkali, the government speed up the development of the banking and industrial sector especially what we observe these days there are a significant rise in the dollar against the Iraqi dinar ", calling for" legislation Investment Act helps to bring international companies to develop Iraq's infrastructure. "

Millionday: NOTE -- NOTICE WHAT WAS SAID ------ THE GOVERNMENT >>>MUST SPEED UP THE DEVELOPMENT OF THE BANKING AND INDUSTRIAL SECTOR ESPECIALLY>>>>>>>

WHAT WE OBSERVE THESE DAYS ARE SIGNIFICANT RISE IN THE DOLLAR AGAINST THE DINAR<<<<<

Millionday: With the parliamentary finance committee attributed, why drop the dinar exchange rate against the dollar to decline in fiscal revenue belonging to the state from oil sales,

 indicating that the oil was sold at more than $ 100 a barrel and today reached its price to below $ 50 and this means that revenue fell by 50%, which impact on the national currency exchange rate. "

Millionday: Said Haider told / JD /, that the committee "discussed with the Governor of the Central Bank on the Keywords main reasons for the decline in the dinar exchange solutions effective for the return of stability of the price,"

adding that "the central bank will take new measures to maintain the hard currency and the return of stability of the dinar against the dollar." .

Millionday: NOTE -- THE GLOBAL PRICING INDEX IS THE CALCULATION THAT IS USED TO DISCOVER WHAT THE PRICE SHOULD BE FOR ALL PRICING IN A COUNTRY -- THERE ARE DIFFERENT WAYS TO DO THIS ---

Millionday: NOTE -- HERE IS SOMETHING ON WHAT THEY COULD USE IMO >>>>

The purchasing power parity method accounts for the relative effective domestic purchasing power of the average producer or consumer within an economy.

The method can provide a better indicator of the living standards especially of less developed countries, because it compensates for the weakness of local currencies in the international markets.

It also offers better indication of total national wealth. For example, India ranks 10th by nominal GDP, but 3rd by PPP.

The PPP method of GDP conversion is more relevant to non-traded goods and services. In the above example if hi-tech weapons are to be produced internally their amount will be governed by GDP(PPP) rather than nominal GDP.

There is a clear pattern of the purchasing power parity method decreasing the disparity in GDP between high and low income (GDP) countries, as compared to the current exchange rate method. This finding is called the Penn effect.

Millionday: NOTE -- THIS IS IMO THE APPLICABLE CALCULATION METHOD BUT IMO ONLY ---

Millionday: He said, "The measures will include open outlets to sell the US dollar after the lack of display in the local market and its high price will contribute to a decline of the dollar,

stressing that the dollar selling price pursuant to Article 50 of the budget reflected negatively on the Iraqi citizen Madf Finance Committee to call for pumping the dollar in the market."

For his part, likely economist Dergham Mohammed Ali, the low dollar exchange rate in conjunction with the expectations of rising world oil prices over the next few days.

Millionday: NOTE -- ONCE AGAIN WE SEE THAT THERE IS ANOTHER REFERENCE OF THE PRICE OF OIL RISING BUT WE ALSO THAT THE SUPPLY OF THE US DOLLAR WILL RISE --

Millionday: NOTE -- AN IMPACT >>Mr Mohamed Ali told / JD /, there are expectations of higher oil prices on global markets and this in turn will increase the assets of the Central Bank of Iraq in hard currency as the main source of dollars, which the central bank sells comes from Iraqi oil sales.

Millionday: He added that the central bank made a mistake in the implementation of some of the measures, which led to the loss of control of the dollar exchange rate,

 indicating that the central has now begun to correct mistakes by opening multiple outlets to sell the dollar in order to reduce the price.

Millionday: NOTE -- REMEMBER THAT WE HAVE BEEN INFORMED THAT THEY ARE WORKING ON MINIMIZING THE PARALLEL MARKET FOR THE DINAR

Millionday: Observers believe that the high dollar prices in the Iraq crisis fabricated by some quarters.

The Iraqi market is witnessing a remarkable rise in the US dollar against the dinar reached more than double the official rate in 1166 dinars to the dollar

beth Millionday: I am very happy at the moment but very confused regarding that article. Could you please explain that in laymans terms?

Millionday: >>>>>>THE GOVERNMENT >>>MUST SPEED UP THE DEVELOPMENT OF THE BANKING AND INDUSTRIAL SECTOR ESPECIALLY>>>>>>>WHAT WE OBSERVE THESE DAYS ARE SIGNIFICANT RISE IN THE DOLLAR AGAINST THE DINAR<<<<<<<<

Millionday: AND THEY EXPECT A RISE IN THE PRICE OF OIL WITHIN DAYS

beth Millionday: And we want to see the Dinar worth more than the Dollar....right?

Millionday: THAT WOULD BE GREAT BUT I HAVE TO SAY LESS AT THIS POINT WITH TWO DECIMALS WILL MAKE ME HAPPY RIGHT NOW LOL

beth Millionday: And this article is saying that that will happen within the next few days?

Millionday: NO IT IS SAYING THAT THE IMPACTING FIGURE OF THE PRICE OF OIL IS EXPECTED TO RISE IN THE NEXT FEW DAYS AND THESE DAYS ARE SIGNIFICANT IN THE RISE OF THE USD/IQD

Millionday: THE REFORM OF BANKING AND ACTIVATION OF THE INDUSTRY

Millionday: Alaa al-Tai economic advisor to the Prime Minister described the appearance of Mohammed Saleh visit of Prime Minister Haider al-Abadi recent visit to the United States as "successful by all standards", especially that Iraq secured the support of major international organizations to give soft loans.

Salih stressed in His statement "morning", the need for Iraq to international aid for the time being in earnest,

pointing out that al-Abadi was able during his visit to Washington from obtaining the approval of many of the major international organizations to give Iraq soft loans, including the Bank and the International Monetary Fund.

Millionday: NOTE -- THE VISIT TO WASHINGTON RESULTED IN SUCCESS AND APPROVAL OF LOANS FROM WORLD BANK AND IMF FOR >>>> the need for Iraq to international aid for the time being in earnest

Millionday: And that was agreed on many of economic projects between the two countries, adding that the international community was apprehensive of dealing with Iraq because of the security situation and the crisis of criticism faced by Iraq as a result of the war with Daash.

Saleh said: that the economic agreements between Iraq and the United States continues, adding that the two countries linked by strong ties, as well as the strategic framework agreement,

noting that a lot of investment companies in the United States expressed their willingness to cooperate in several areas, including the oil and the economic side.

Millionday: NOTE -- THE SECURITY RISK WAS A PROBLEM -- HOWEVER TODAY THEY ANNOUNCED THAT THIS HAS MINIMIZED

AND THE STRATEGIC FRAMEWORK AGREEMENT RESULTED IN MANY IN THE US WILLING TO COOPERATE IN THE SFA IN THE OIL AND ECONOMIC SIDE -- WHOOOPOW

Millionday: NOTE -- THEY ARE WORKING ON CONTRACT OFFERS RIGHT NOW --

Millionday: He said that Washington has expressed its willingness to cooperate with Iraq in the field of development the oil sector to raise Iraq's capacity production of crude oil exports and the development of gas, petrochemical and diversify the oil sector.

And Saleh that concerns the lack of liquidity in Iraq raises interest to the United States, especially that Iraq faces obligations related to military operations and the war against Daash, requires financial Rphia,

which requires raising the efficiency of the domestic economy and efficiency of spending and get the economy moving, transparency and eliminate corruption.

Millionday: WHOOPOW -- THE US WAS CONCERNED WITH IRAQ`S ECONOMIC CONDITION----SO THIS MAKES IT CLEAR WHAT THE RESPONSE WAS >>>>>>>

which requires raising the efficiency of the domestic economy and efficiency of spending and get the economy moving, transparency and eliminate corruption.
Millionday: SMILE ---- AND THEY ARE CONSIDERING THE CONTRACT OFFERS FROM THE US RIGHT NOW >? --- LOVE IT

Papatom: i saw today where general dynamics got a 60 billion dinar contract with Iraq ! that article up at the top...is that saying the oil prices are going to raise in a few days? thanks MD

Millionday: I REALLY CANT PICK BUT THIS IS ONE OF MY FAVORITES FROM TONIGHT >>>

THE GOVERNMENT >>>MUST SPEED UP THE DEVELOPMENT OF THE BANKING AND INDUSTRIAL SECTOR ESPECIALLY>>>>>>>WHAT WE OBSERVE THESE DAYS ARE SIGNIFICANT RISE IN THE DOLLAR AGAINST THE DINAR<<<<<<<<<WHOOOPOW

Millionday: YES IT IS PAPA -- AND THE PRESIDENT STATED IN A PRESS RELEASE (SUMMARY) THAT THE WAR ON TERRORISM HAS BEEN VICTORIOUS ENOUGH TO MAKE IT SECURE ENOUGH FOR THE NATIONAL RECONCILIATION CONFERENCE --

Millionday: SO MUCH GOOD NEWS - WHOOPOW

Papatom: i sure like the speeding up of the banking and industrial!

Millionday: YES AND THE US WAS NOT SECURE IN THE ECONOMIC CONDITION SO THEY MUST IMPROVE THE NATIONAL REALITY -- ETC -- SUCH A GOOD REPORT TONIGHT -

Millionday: SO MANY GOOD REPORTS TONIGHT

Millionday: MANY MISSED NEWS TONIGHT SO LETS PRAY THEY ARE NOT WITHOUT POWER

jimplants: thanks ladies closer than we have ever been good night be blessed....the SWF is a real kicker

Millionday: AND THE SWF AND THE SFA AND AND

Millionday: SMILE

Road_Kill: MD, I heard from a company that deals in bonds that the holdup with the RV is due to the US vetoing the votes at the UN and IMF to allow the RV. Can you comment on that?

Road_Kill: Do you think that might be correct?

Millionday: I DONT KNOW ABOUT THE VETO MY FRIEND BECAUSE I HAVE NO INK ON IT 

BUT THE REPORT TONIGHT WITH COMMENTS FROM SALEH LEADS US TO BELIEVE WITH THE MANY FROM THE US DUE TO THE WASHINGTON VISIT ARE MAKING CONTRACT BIDS THAT ARE BEING CONSIDERED RIGHT NOW FOR THE ACTIVATION OF THE SFA – 

ACCORDING TO THE REPORT -- THAT IS VERY ENCOURAGING DUE TO THE CONTENT OF THAT AGREEMENT AND ITS APPLICATION TO THE MARKET ECONOMY GOAL OF IRAQ

poppy3 Road_Kill: THAT STATEMENT IS TOTALLY AGAINST WHAT OUR UST AND THE WORLD BANK AND IMF TOLD IRAQ ON THEIR VISIT. THEY ARE FULLY BEHIND IRAQ GETTING REFORM DONE . POPPY3

Millionday: ALSO THE LAW BEING WORKED ON FOR THE SFA IS GREAT NEWS AND WOULD NOT IMPLY ANY SORT OF VETO FROM ANYONE OR MAKE ANY SENSE BUT I HAVE NOT SEEN INK

Millionday: NITE ALL -- HAVE TO GO OUT TONIGHT -- SMILE -- SEE YOU TOMORROW

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