Millionday roundtable 4/29/15 Part 2
1glen: Have they given any hint as to when the Smart Card will be issued and activated?
Millionday: THEY HAVE STATED THAT PAY FOR APRIL WILL BE SENT TO KURDISTAN AND ALSO BE AVAILABLE FOR CITIZENS TOO
AND ALSO THE DEMAND WAS GIVEN (WITH NO EXCEPTION) TO GET THE CARDS TO ALL RECIPIANTS --
Millionday: SO THIS APPEARS TO BE VERY QUICK AND NOT A LONG TIME
Millionday: THIS IS A WHOOOPOW
Holly1: what card do they use now to shop on amazon .. do u know and ty
Millionday: I DO NOT KNOW -- YW ALL THE TIME - I WILL TRY TO FIND OUT THOUGH
~~~
1glen: Have they given any hint as to when the Smart Card will be issued and activated?
Millionday: THEY HAVE STATED THAT PAY FOR APRIL WILL BE SENT TO KURDISTAN AND ALSO BE AVAILABLE FOR CITIZENS TOO
AND ALSO THE DEMAND WAS GIVEN (WITH NO EXCEPTION) TO GET THE CARDS TO ALL RECIPIANTS --
Millionday: SO THIS APPEARS TO BE VERY QUICK AND NOT A LONG TIME
Millionday: THIS IS A WHOOOPOW
Holly1: what card do they use now to shop on amazon .. do u know and ty
Millionday: I DO NOT KNOW -- YW ALL THE TIME - I WILL TRY TO FIND OUT THOUGH
~~~
Marilynjoy: When will the Global Price Index be calculated? Have any idea how long that takes?
Millionday: THEY HAVE BEEN ORDERED TO DO THE CALCULATION BUT IT WOULD BE THROUGH DATA ENTRY SO IT SHOULD NOT BE SOMETHING THAT TAKES A LONG TIME
jtank: how are they doing on the credit rating?
Millionday: I HAVE NOT FOUND A CHANGE IN ANY REPORT THAT SAYS THEY HAVE RECEIVED THE OTHER CREDIT RATING
faith1: got bumped ,, but didn't we read months ago the calculations are done and the data is also entered,,, just needs implemented,,, right ?? do I remember this correct millionday ?
so this is an adjustment which will continue to adjust as they grow,,, the data simply needs .... needs activated ... ??
Millionday: THEY SHOULD HAVE SOME OF THE DATA BUT I AM NOT SURE IF THEY HAVE COMPLETED WHAT RATE THEY WILL USE –
IMO THE RATE WOULD HAVE BEEN DECIDED ON WHEN THE PROGRAM WAS WRITTEN BUT THAT IS JUST MY OPINION -- NO INK TO SHOW FOR IT
Millionday: I DO HAVE HOWEVER HOW IT IS DETERMINED
Millionday: LET ME GET IT AND WE WILL SEE HOW IT IS CALCULATED
Millionday: The economic indicators used to forecast an exchange rate are the same ones used to determine the overall economic health of a country.
The gross domestic product (GDP), consumer price index (CPI), producer price index (PPI), employment data and interest rates are all key determining factors of a country’s foreign exchange rates
Millionday: NOTE -- THESE THINGS WOULD BE AVAILABLE TO THEM THROUGH THEIR DATA SYSTEM EASILY
Millionday: Exchange rates are among the top factors that distinguish the health of a country's economy. Also known as a forex rate, the foreign exchange rate is the value of the currency of one nation in relation to another nation's currency.
The GDP) of a country is a representation of the dollar value of goods and services that have been produced within that country, generally over the span of one year.
Millionday: NOTE -- THE GDP IS THE GROSS DOMESTIC PRODUCT
Millionday: The GDP may also be thought of as the basic size of the country's economy. Changes in the GDP reveal changes in economic growth and can directly impact the relative value of a country’s currency.
Millionday: NOTE -- THE GROWTH OF A COUNTRY` VALUE SHOWS IN THE GDP FROM RAISE IN THE VALUE OF GOODS AND SERVICES INCREASE
faith1: cool beans ! WOW Thanks,,, so the calculation (sss) will adjust according to what the market will bear,,, so enter the data based on your true value ( assets and get on with the show !!
The Market will bear well ,, IF they have power,, buying power,, show your people the value... ! Lord Help Us !!!
Millionday: A high GDP reflects larger production rates, an indication of a greater demand for that country's products. An increase in demand for a country's goods and services generally translates into an increased demand for the country's currency.
Millionday: NOTE -- WHEN THE COUNTRY`S GDP RAISES -- (ADDED INVESTORS AND PRODUCTION ETC) -- IT RAISES THE DEMAND FOR THE DINAR IN THIS CASE --
Millionday: The CPI is another important indicator for investors and economists and is a metric for changes in price of a predetermined group of goods and services which are bought by households within a country. The CPI is used to track price changes and reflect inflation rates.
A rise in prices on the CPI indicates a weakening in the purchase power of the country's currency. Especially high inflation relative to inflation rates in other countries magnifies the effect of this factor.
Millionday: NOTE -- WHEN THE PRICES GO UP FOR CUSTOMERS IT SHOWS THAT THE VALUE OF THEIR CURRENCY IS GOING DOWN -- THE RAISE IN PRICES IS DONE TO ADJUST THE GDP /PROFITS ETC SO THE CALCULATION ADJUSTS THE VALUE - AS A TOOL
Tex1: Thank You very much for the detailed explanation
Millionday: The PPI measures the average change in sale price of all raw goods and services, and it examines these changes from the viewpoint of the producer and not the consumer.
The PPI and CPI are obviously interrelated; increased producer costs are most often passed on to consumers.
Millionday: NOTE -- THIS WOULD BE THE INCREASED COST OF GETTING THE PRODUCTS IN COUNTRY –
THIS CAST IS EXPECTED TO GO DOWN FOR IRAQ DUE TO THE ENTRY TO A MARKET ECONOMY –
THEY WILL HAVE A BETTER CHOICE OF WHERE THEY CAN GET THINGS AND OPTIONS TO GET LESS EXPENSIVE PRODUCTS TO BE PASSED ON TO THE CONSUMER --
Millionday: Employment data is another indication of a country's exchange rate. Higher employment rates are typically a sign of higher demand for production of the country's goods, so it is therefore a signal that the value of a country's currency is higher.
Millionday: NOTE -- OBVIOUSLY THIS WILL ALSO IMPACT THE VALUE IN THE DIRECT FUTURE WITH INVESTORS AND ALSO THEIR GROWTH ETC IN A MARKET ECONOMY
Millionday: NOTE -- THIS IS VERY IMPORTANT
Millionday: Greater demand for products and services from a country results in an increase in the number of workers required to meet the demand. Higher demand usually means a country is doing more exporting, and more foreign currency is being exchanged in favor of the home country.
Millionday: NOTE -- SO THE MOVE TO A MARKET ECONOMY WILL BE REFLECTED IN THEIR CURRENCY IN THE FUTURE AS WELL
Millionday: One final indicator widely used to forecast the exchange rate of a country is the interest rate set by its central bank. A country offering higher interest rates is usually more appealing to investors than a country offering relatively lower rates.
Millionday: SO AS WE SEE -- THE EXCHANGE RATE WILL BE RELFECTIVE OF MANY THINGS AND MANY THINGS WILL SUPPORT IT BUT WILL ALSO SHOW IN THE FUTURE AS THEY GROW AND EXPAND IN THE GLOBAL MARKET
ernier: we keep comparing and most expecting the rate to be the same or better than the prewar rate, however, do we know what the amount of dinar that was in circulation then and now?
Seems that would be a determing factor in the value. If there is two or three times the dinar, could it still be that high
Millionday: THE AMOUNT OF BILLS IN CIRCULATION WOULD NOT BE A DECIDING FACTOR
Millionday: THE REASON THE BILLS WOULD NOT BE A DETERMINING FACTOR IS THAT IT WAS TO SUPPORT AN IMPOSED RATE
RML: Investment in sovereign nations is usually through the over-the-counter purchase of their bonds (short and long-term debt); and, if we (the investment public) cannot purchase IQD-denominated bonds because they have yet to be issued, how can we (the investment public) "buy into" Iraq unless they release IQD-denominated bonds? Hmmm?!
Thanks, MD, for all your efforts.
Millionday: THEY HAVE BEEN ORDERED TO DO THE CALCULATION BUT IT WOULD BE THROUGH DATA ENTRY SO IT SHOULD NOT BE SOMETHING THAT TAKES A LONG TIME
jtank: how are they doing on the credit rating?
Millionday: I HAVE NOT FOUND A CHANGE IN ANY REPORT THAT SAYS THEY HAVE RECEIVED THE OTHER CREDIT RATING
faith1: got bumped ,, but didn't we read months ago the calculations are done and the data is also entered,,, just needs implemented,,, right ?? do I remember this correct millionday ?
so this is an adjustment which will continue to adjust as they grow,,, the data simply needs .... needs activated ... ??
Millionday: THEY SHOULD HAVE SOME OF THE DATA BUT I AM NOT SURE IF THEY HAVE COMPLETED WHAT RATE THEY WILL USE –
IMO THE RATE WOULD HAVE BEEN DECIDED ON WHEN THE PROGRAM WAS WRITTEN BUT THAT IS JUST MY OPINION -- NO INK TO SHOW FOR IT
Millionday: I DO HAVE HOWEVER HOW IT IS DETERMINED
Millionday: LET ME GET IT AND WE WILL SEE HOW IT IS CALCULATED
Millionday: The economic indicators used to forecast an exchange rate are the same ones used to determine the overall economic health of a country.
The gross domestic product (GDP), consumer price index (CPI), producer price index (PPI), employment data and interest rates are all key determining factors of a country’s foreign exchange rates
Millionday: NOTE -- THESE THINGS WOULD BE AVAILABLE TO THEM THROUGH THEIR DATA SYSTEM EASILY
Millionday: Exchange rates are among the top factors that distinguish the health of a country's economy. Also known as a forex rate, the foreign exchange rate is the value of the currency of one nation in relation to another nation's currency.
The GDP) of a country is a representation of the dollar value of goods and services that have been produced within that country, generally over the span of one year.
Millionday: NOTE -- THE GDP IS THE GROSS DOMESTIC PRODUCT
Millionday: The GDP may also be thought of as the basic size of the country's economy. Changes in the GDP reveal changes in economic growth and can directly impact the relative value of a country’s currency.
Millionday: NOTE -- THE GROWTH OF A COUNTRY` VALUE SHOWS IN THE GDP FROM RAISE IN THE VALUE OF GOODS AND SERVICES INCREASE
faith1: cool beans ! WOW Thanks,,, so the calculation (sss) will adjust according to what the market will bear,,, so enter the data based on your true value ( assets and get on with the show !!
The Market will bear well ,, IF they have power,, buying power,, show your people the value... ! Lord Help Us !!!
Millionday: A high GDP reflects larger production rates, an indication of a greater demand for that country's products. An increase in demand for a country's goods and services generally translates into an increased demand for the country's currency.
Millionday: NOTE -- WHEN THE COUNTRY`S GDP RAISES -- (ADDED INVESTORS AND PRODUCTION ETC) -- IT RAISES THE DEMAND FOR THE DINAR IN THIS CASE --
Millionday: The CPI is another important indicator for investors and economists and is a metric for changes in price of a predetermined group of goods and services which are bought by households within a country. The CPI is used to track price changes and reflect inflation rates.
A rise in prices on the CPI indicates a weakening in the purchase power of the country's currency. Especially high inflation relative to inflation rates in other countries magnifies the effect of this factor.
Millionday: NOTE -- WHEN THE PRICES GO UP FOR CUSTOMERS IT SHOWS THAT THE VALUE OF THEIR CURRENCY IS GOING DOWN -- THE RAISE IN PRICES IS DONE TO ADJUST THE GDP /PROFITS ETC SO THE CALCULATION ADJUSTS THE VALUE - AS A TOOL
Tex1: Thank You very much for the detailed explanation
Millionday: The PPI measures the average change in sale price of all raw goods and services, and it examines these changes from the viewpoint of the producer and not the consumer.
The PPI and CPI are obviously interrelated; increased producer costs are most often passed on to consumers.
Millionday: NOTE -- THIS WOULD BE THE INCREASED COST OF GETTING THE PRODUCTS IN COUNTRY –
THIS CAST IS EXPECTED TO GO DOWN FOR IRAQ DUE TO THE ENTRY TO A MARKET ECONOMY –
THEY WILL HAVE A BETTER CHOICE OF WHERE THEY CAN GET THINGS AND OPTIONS TO GET LESS EXPENSIVE PRODUCTS TO BE PASSED ON TO THE CONSUMER --
Millionday: Employment data is another indication of a country's exchange rate. Higher employment rates are typically a sign of higher demand for production of the country's goods, so it is therefore a signal that the value of a country's currency is higher.
Millionday: NOTE -- OBVIOUSLY THIS WILL ALSO IMPACT THE VALUE IN THE DIRECT FUTURE WITH INVESTORS AND ALSO THEIR GROWTH ETC IN A MARKET ECONOMY
Millionday: NOTE -- THIS IS VERY IMPORTANT
Millionday: Greater demand for products and services from a country results in an increase in the number of workers required to meet the demand. Higher demand usually means a country is doing more exporting, and more foreign currency is being exchanged in favor of the home country.
Millionday: NOTE -- SO THE MOVE TO A MARKET ECONOMY WILL BE REFLECTED IN THEIR CURRENCY IN THE FUTURE AS WELL
Millionday: One final indicator widely used to forecast the exchange rate of a country is the interest rate set by its central bank. A country offering higher interest rates is usually more appealing to investors than a country offering relatively lower rates.
Millionday: SO AS WE SEE -- THE EXCHANGE RATE WILL BE RELFECTIVE OF MANY THINGS AND MANY THINGS WILL SUPPORT IT BUT WILL ALSO SHOW IN THE FUTURE AS THEY GROW AND EXPAND IN THE GLOBAL MARKET
ernier: we keep comparing and most expecting the rate to be the same or better than the prewar rate, however, do we know what the amount of dinar that was in circulation then and now?
Seems that would be a determing factor in the value. If there is two or three times the dinar, could it still be that high
Millionday: THE AMOUNT OF BILLS IN CIRCULATION WOULD NOT BE A DECIDING FACTOR
Millionday: THE REASON THE BILLS WOULD NOT BE A DETERMINING FACTOR IS THAT IT WAS TO SUPPORT AN IMPOSED RATE
RML: Investment in sovereign nations is usually through the over-the-counter purchase of their bonds (short and long-term debt); and, if we (the investment public) cannot purchase IQD-denominated bonds because they have yet to be issued, how can we (the investment public) "buy into" Iraq unless they release IQD-denominated bonds? Hmmm?!
Thanks, MD, for all your efforts.
Millionday: THEY HAVE STATED THAT THEY WILL BE SOLD THROUGH THE ISX SO THIS WOULD IMO (THE INVESTMENT PUBLIC) BE USED TO SUPPORT THE 'PROGRAM RATE' WITH SO MUCH BEING RETARDED BY THE SANCTIONS –
THE TOOLS THAT THEY CAN USE BEFORE MOVING TO A MARKET ECONOMY ARE MINIMAL -- I AGREE –
SO THE BONDS WOULD SEEM TO ME A TOOL FOR SUPPORT -- AND A VERY GOOD POINT RML -- BECAUSE THEY WOULD THEN BE DISCUSSING SOMETHING COMING AFTER THE FACT
Millionday: OBVIOUSLY TO ME THEY WILL HAVE TO USE CONTRACTS ALREADY IN PLACE AND SOME VERY INTERESTING CALCULATING TO DETERMINE THE RATE –
THE FIGURES THAT GO INTO THE EQUATION ARE NOT ALL DETERMINED YET..SMILE
Millionday: HOWEVER THEY HAVE SHOWN A LOT OF DiVERSITY
Millionday: Maysan province, speaking on condition Council, on Wednesday, the application of customs tariffs in the post-Christan applied first and the rest of Iraq's provinces on the voters, to wait to apply at the moment.
waikikikc: Do you have any ideas of why Tony and DC are so excited saying that Iraq and everyone is saying that this is happening now?
Millionday: OH -- THANK YOU SWAN -- NO I HAVE NO IDEA BUT HOPE THEY ARE RIGHT ---
IMO IT COULD HAPPEN AT ANYTIME -- SOME STEP IN THE ACTIVATION OF THE REFORMS WOULD REQUIRE FOR FAIR TRADE ETC THE CALCULATION TO BE DONE AND SET IMO
Millionday: He said council member Mohammed Majid told / information / that "the provincial council voted unanimously during today's session to postpone the application of the customs tariff because of its burden on the citizen Almisana law known as low-income."
Millionday: NOTE -- THEY VOTED TODAY TO HOLD OFF ON THE TAX BEING APPLIED DUE TO THE IMPACT ON THE LOW INCOME RIGHT NOW
Millionday: He added that "The Council stipulated that the application of the customs tariff law in Maysan post applied in the Kurdistan region and the rest of the governorates of Iraq and not to exclude the region from."
Millionday: NOTE -- THIS VOTE APPLIED TO MAYSAN PROVINCE BUT WILL BE APPLIED IN KURDISTAN AND OTHER PROVINCES
Millionday: Pointing out that "most of the financial consequences of the laws apply to citizens across the country and exclude Kurdistan and includes only the privileges which is a mockery and disregard for the rights of the rest of the provinces.
Millionday: SO AS WE SEE THIS WILL NOT GO OVER WELL AND I EXPECT TO SEE MORE ON THIS AS IT BECOMES KNOWN --
Millionday: TONIGHTS NEWS IS PACKED -- SO DONT MISS IT
http://ift.tt/1duWbOo
THE TOOLS THAT THEY CAN USE BEFORE MOVING TO A MARKET ECONOMY ARE MINIMAL -- I AGREE –
SO THE BONDS WOULD SEEM TO ME A TOOL FOR SUPPORT -- AND A VERY GOOD POINT RML -- BECAUSE THEY WOULD THEN BE DISCUSSING SOMETHING COMING AFTER THE FACT
Millionday: OBVIOUSLY TO ME THEY WILL HAVE TO USE CONTRACTS ALREADY IN PLACE AND SOME VERY INTERESTING CALCULATING TO DETERMINE THE RATE –
THE FIGURES THAT GO INTO THE EQUATION ARE NOT ALL DETERMINED YET..SMILE
Millionday: HOWEVER THEY HAVE SHOWN A LOT OF DiVERSITY
Millionday: Maysan province, speaking on condition Council, on Wednesday, the application of customs tariffs in the post-Christan applied first and the rest of Iraq's provinces on the voters, to wait to apply at the moment.
waikikikc: Do you have any ideas of why Tony and DC are so excited saying that Iraq and everyone is saying that this is happening now?
Millionday: OH -- THANK YOU SWAN -- NO I HAVE NO IDEA BUT HOPE THEY ARE RIGHT ---
IMO IT COULD HAPPEN AT ANYTIME -- SOME STEP IN THE ACTIVATION OF THE REFORMS WOULD REQUIRE FOR FAIR TRADE ETC THE CALCULATION TO BE DONE AND SET IMO
Millionday: He said council member Mohammed Majid told / information / that "the provincial council voted unanimously during today's session to postpone the application of the customs tariff because of its burden on the citizen Almisana law known as low-income."
Millionday: NOTE -- THEY VOTED TODAY TO HOLD OFF ON THE TAX BEING APPLIED DUE TO THE IMPACT ON THE LOW INCOME RIGHT NOW
Millionday: He added that "The Council stipulated that the application of the customs tariff law in Maysan post applied in the Kurdistan region and the rest of the governorates of Iraq and not to exclude the region from."
Millionday: NOTE -- THIS VOTE APPLIED TO MAYSAN PROVINCE BUT WILL BE APPLIED IN KURDISTAN AND OTHER PROVINCES
Millionday: Pointing out that "most of the financial consequences of the laws apply to citizens across the country and exclude Kurdistan and includes only the privileges which is a mockery and disregard for the rights of the rest of the provinces.
Millionday: SO AS WE SEE THIS WILL NOT GO OVER WELL AND I EXPECT TO SEE MORE ON THIS AS IT BECOMES KNOWN --
Millionday: TONIGHTS NEWS IS PACKED -- SO DONT MISS IT
http://ift.tt/1duWbOo
via Dinar Recaps - Our Blog http://ift.tt/1P8l1za
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