Millionday Roundtable 5/11/15 Part 1
Welcome to dinarupdates.com for Roundtable with Millionday!!
Millionday: THE FIRST THING WE ARE GOING TO LOOK AT IS THE INFORMATION THAT WILL SHED LIGHT ON WHY THE STRATEGIC FRAMEWORK AGREEMENT IS EXCITING ECONOMICALLY AMONG OTHER THINGS
Millionday: SUPPORT IRAQ`S EFFORTS TO INVEST THEIR RESOURCES TOWARD ECONOMIC DEVELOPMENT
Millionday: ENTER INTO FORCE THE TRADE AND INVESTMENT AGREEMENT
Millionday: ENTER INTO EXPORT/IMPORT BANKING --
Millionday: AND THE LIST GOES ON FOR THE ENTIRE DEVELOPMENT OF IRAQ TO GLOBAL ECONOMIC POSITIONING --
~~~
Welcome to dinarupdates.com for Roundtable with Millionday!!
Millionday: THE FIRST THING WE ARE GOING TO LOOK AT IS THE INFORMATION THAT WILL SHED LIGHT ON WHY THE STRATEGIC FRAMEWORK AGREEMENT IS EXCITING ECONOMICALLY AMONG OTHER THINGS
Millionday: SUPPORT IRAQ`S EFFORTS TO INVEST THEIR RESOURCES TOWARD ECONOMIC DEVELOPMENT
Millionday: ENTER INTO FORCE THE TRADE AND INVESTMENT AGREEMENT
Millionday: ENTER INTO EXPORT/IMPORT BANKING --
Millionday: AND THE LIST GOES ON FOR THE ENTIRE DEVELOPMENT OF IRAQ TO GLOBAL ECONOMIC POSITIONING --
~~~
Millionday: THE AGREEMENT IS MASSIVE AND WORTH THE READ BUT THE HELP ALSO STATES THAT THE US OF A AGREES TO HELP IRAQ ENTER INTO ACTIVE STATUS IN THE WTO
Millionday: OBVIOUSLY THIS IS NOT MEANING THAT IRAQ STAYS IN THE CONDITION THEY ARE IN AND ALSO DOES NOT MEAN THAT IRAQ DOES NOT ENTER THE GLOBAL MARKET -
Millionday: SMILE --
billionaire Millionday: Is there a link?
Millionday: LINK> http://ift.tt/15YVxhc
Millionday: YW ALL THE TIME -- TAKE TIME TO READ IT SOMETIME AFTER NEWS -- IT IS WORTH THE TIME TO UNDERSTAND WHAT IS GOING ON
clay: wow MD we been discussing this for over 5 yrs
Millionday: BUT WE HAVE NOT SEEN THE MEETINGS THAT ARE TAKING PLACE AS THEY ARE NOW -- OBVIOUSLY THEY ARE MOVING FORWARD WITH THEIR GOALS -- SMILE
Millionday: Counting adviser to Prime Minister for Economic Affairs, the appearance of Mohammed Saleh, that the draft Print Central Bank of Iraq large cash categories,
an important step on the road to monetary reform, which supports the country's economy, among that Iraq is suffering a contraction in liquidity both in dinars or in dollars as a cash cluster size in Iraq about 40 trillion dinars.
Millionday: NOTE -- UNLIKE OTHER REPORTS BY OPINIONS PIECES -- SALEH MAKES IT CLEAR HERE THAT THE DRAFT OF LARGE CASH CATEGORIES ARE AN IMPORTANT STEP ON THE ROAD TO MONETARY REFORM -- PERIOD
Millionday: NOTE -- ON ALL ECONOMIES THERE ARE MORE THAN ONE TENDER FOR THEIR MONETARY SYSTEM --
Millionday: Saleh said, in a press statement, that «the market need for large denominations, and to handle a very large monetary blocs in Iraq, especially that cash payments exceed dealing instruments, cards and electronic payments.
He added that «project printing large cash categories not about monetary policy but the payments system management.
Millionday: NOTE -- THEY HAVE TO DEAL WITH PAYMENTS SYSTEM MANAGEMENT –
WITHOUT SITTING IN THE ROOM AND LOOKING AT THE FIGURES AND THE PLAN –
THE PRESS STATEMENT IS WHAT WE HAVE -- THIS IS TO THE CITIZENS TO EXPLAIN THAT THE GOAL IS THE MONETARY POLICY --
Millionday: Saleh pointed out that «this plan will be condensed amounts of money especially since the big categories constitute 90 per cent of the money supply, as a monetary bloc in Iraq size of about 40 trillion dinars» ($ 31 billion) .
He explained that «put these large groups is to put the monthly same amount of money supply in the market but different categories, and not increase the original amount».
Millionday: NOTE -- THIS APPLIES TO THE COST OF LIVING AND IS FOR THE COMFORT OF THE CITIZEN –
THEY WILL STILL HAVE ENOUGH TO BUY WHAT THEY NEED AND REMAIN IN THE POSITION THEY ARE IN –
IN OTHER WORDS -- SO NOT WORRY THE MONEY WILL BUY THE SAME AND NOT IMPACT YOUR ABILITIES
Millionday: He ruled out the Adviser to the Prime Minister for Economic Affairs, the potential for inflation by the implementation of the project, pointing out that the «Central» No lends the government.
He said that «in case of lending to the government and the issuance of large cash categories can get price inflation».
Millionday: NOTE -- CBI CAN NOT LOAN TO THE GOVERNMENT -- THEY HAVE TO ACTUALLY PUT THEIR INVESTMENTS IN LINE TO PRODUCE THE REVENUES NEEDED AS BUDGETED ---
NOT TAKEN FROM THE CENTRAL BANK -- IN OTHER WORDS -- THEY HAVE TO WORK AS THE ROLE THEY HAVE BEEN GIVEN HAS ORDERED
Millionday: He traders in the currency market fears of new cash currency high amounts version, pointing out that such a measure would lead to the loss of monetary value as not must be aimed at any action to activate the economic sectors.
He quoted economist described the policy now in Iraq with «Deflationary», and this issue needs to process a balance in the exchange rate can not be spending on the investment side because of a lack of imports and mismanagement of funds in the last period and the absence of productive sectors,
also warned of the continued misguided policies on monetary policy level, calling on government officials to recognize the importance of the subject in connection with economic sectors as a whole.
Millionday: NOTE -- CURRENCY INVESTORS ARE WORRIED FOR THEIR INVESTMENT -- IN ACTUALITY –
THIS HAS TO DO WITH DOMESTIC ECONOMIC CONDITIONS AND NOT THE GLOBAL INVESTMENT THAT IS BEING ADDRESSED OR MISUNDERSTOOD WITHIN THAT WORRY
Millionday: He ruled out economic expert contrary goldsmith feet «Central» Iraqi on the process of removing zeros from the currency in the current circumstances because of the economic situation is stable, and therefore such a procedure does not lead to increased economic activity because the cash value comes from the size of the country Activity in sectors that contribute to the support of exchange power.
Millionday: NOTE -- THE ECONOMIC CONDTION IS IN A GOOD PLACE RIGHT NOW AND IS AT A POINT WHERE EXCHANGE POWER CAN BE ACHEIVED –
THE SECTORS CAN SUPPORT THE EXCHANGE OF THE DINAR
Millionday: The governor of the Central Bank announced before the economic and investment commission in the House of Representatives that the bank in the process of printing new securities category of 50 thousand dinars to enhance the efficiency of the payments system.
Millionday: SO THIS MOVE TO PRODUCE THE 50,000 NOTE IS FOR THE PAYMENT SYSTEM NOT THE INTERNATIONAL RATES OR ENTRY TO THE GLOBAL MARKET OR THE STOCK MARKET –
IT IS FOR SOMETHING TOTALLY DIFFERENT AND HAS NO BEARING
jarhead: what domestic economy r the currency investors worried about iraq or usa?
Millionday: THE DOMESTIC ECONOMY IS WITHIN THE BORDER SO OF IRAQ
Millionday: WE ARE NOT PART OF THE PAYMENT SYSTEM OR THE REDENOMINATION WITHIN THE COUNTRY -- INVESTORS OUTSIDE OF IRAQ ARE PART OF THE ENTRY OF IRAQ TO A MARKET ECONOMY -- THROUGH THE INTERNATIONAL EQUATION
CanTWaitwoRV Millionday: "same amount of money supply in the market but different categories" ..that appears to suggest different denoms without the money supply being impacted in Iraq and like the fed reserve they use larger bills for different purposes so wondering if this article is stating denoms for multiple purposes for interbanking and for citizens utilizing them?
CanTWaitwoRV Millionday: well ya kinda just answered my question
CanTWaitwoRV Millionday: I hit the send button right when I saw your last comment
Millionday: OBVIOUSLY THIS IS NOT MEANING THAT IRAQ STAYS IN THE CONDITION THEY ARE IN AND ALSO DOES NOT MEAN THAT IRAQ DOES NOT ENTER THE GLOBAL MARKET -
Millionday: SMILE --
billionaire Millionday: Is there a link?
Millionday: LINK> http://ift.tt/15YVxhc
Millionday: YW ALL THE TIME -- TAKE TIME TO READ IT SOMETIME AFTER NEWS -- IT IS WORTH THE TIME TO UNDERSTAND WHAT IS GOING ON
clay: wow MD we been discussing this for over 5 yrs
Millionday: BUT WE HAVE NOT SEEN THE MEETINGS THAT ARE TAKING PLACE AS THEY ARE NOW -- OBVIOUSLY THEY ARE MOVING FORWARD WITH THEIR GOALS -- SMILE
Millionday: Counting adviser to Prime Minister for Economic Affairs, the appearance of Mohammed Saleh, that the draft Print Central Bank of Iraq large cash categories,
an important step on the road to monetary reform, which supports the country's economy, among that Iraq is suffering a contraction in liquidity both in dinars or in dollars as a cash cluster size in Iraq about 40 trillion dinars.
Millionday: NOTE -- UNLIKE OTHER REPORTS BY OPINIONS PIECES -- SALEH MAKES IT CLEAR HERE THAT THE DRAFT OF LARGE CASH CATEGORIES ARE AN IMPORTANT STEP ON THE ROAD TO MONETARY REFORM -- PERIOD
Millionday: NOTE -- ON ALL ECONOMIES THERE ARE MORE THAN ONE TENDER FOR THEIR MONETARY SYSTEM --
Millionday: Saleh said, in a press statement, that «the market need for large denominations, and to handle a very large monetary blocs in Iraq, especially that cash payments exceed dealing instruments, cards and electronic payments.
He added that «project printing large cash categories not about monetary policy but the payments system management.
Millionday: NOTE -- THEY HAVE TO DEAL WITH PAYMENTS SYSTEM MANAGEMENT –
WITHOUT SITTING IN THE ROOM AND LOOKING AT THE FIGURES AND THE PLAN –
THE PRESS STATEMENT IS WHAT WE HAVE -- THIS IS TO THE CITIZENS TO EXPLAIN THAT THE GOAL IS THE MONETARY POLICY --
Millionday: Saleh pointed out that «this plan will be condensed amounts of money especially since the big categories constitute 90 per cent of the money supply, as a monetary bloc in Iraq size of about 40 trillion dinars» ($ 31 billion) .
He explained that «put these large groups is to put the monthly same amount of money supply in the market but different categories, and not increase the original amount».
Millionday: NOTE -- THIS APPLIES TO THE COST OF LIVING AND IS FOR THE COMFORT OF THE CITIZEN –
THEY WILL STILL HAVE ENOUGH TO BUY WHAT THEY NEED AND REMAIN IN THE POSITION THEY ARE IN –
IN OTHER WORDS -- SO NOT WORRY THE MONEY WILL BUY THE SAME AND NOT IMPACT YOUR ABILITIES
Millionday: He ruled out the Adviser to the Prime Minister for Economic Affairs, the potential for inflation by the implementation of the project, pointing out that the «Central» No lends the government.
He said that «in case of lending to the government and the issuance of large cash categories can get price inflation».
Millionday: NOTE -- CBI CAN NOT LOAN TO THE GOVERNMENT -- THEY HAVE TO ACTUALLY PUT THEIR INVESTMENTS IN LINE TO PRODUCE THE REVENUES NEEDED AS BUDGETED ---
NOT TAKEN FROM THE CENTRAL BANK -- IN OTHER WORDS -- THEY HAVE TO WORK AS THE ROLE THEY HAVE BEEN GIVEN HAS ORDERED
Millionday: He traders in the currency market fears of new cash currency high amounts version, pointing out that such a measure would lead to the loss of monetary value as not must be aimed at any action to activate the economic sectors.
He quoted economist described the policy now in Iraq with «Deflationary», and this issue needs to process a balance in the exchange rate can not be spending on the investment side because of a lack of imports and mismanagement of funds in the last period and the absence of productive sectors,
also warned of the continued misguided policies on monetary policy level, calling on government officials to recognize the importance of the subject in connection with economic sectors as a whole.
Millionday: NOTE -- CURRENCY INVESTORS ARE WORRIED FOR THEIR INVESTMENT -- IN ACTUALITY –
THIS HAS TO DO WITH DOMESTIC ECONOMIC CONDITIONS AND NOT THE GLOBAL INVESTMENT THAT IS BEING ADDRESSED OR MISUNDERSTOOD WITHIN THAT WORRY
Millionday: He ruled out economic expert contrary goldsmith feet «Central» Iraqi on the process of removing zeros from the currency in the current circumstances because of the economic situation is stable, and therefore such a procedure does not lead to increased economic activity because the cash value comes from the size of the country Activity in sectors that contribute to the support of exchange power.
Millionday: NOTE -- THE ECONOMIC CONDTION IS IN A GOOD PLACE RIGHT NOW AND IS AT A POINT WHERE EXCHANGE POWER CAN BE ACHEIVED –
THE SECTORS CAN SUPPORT THE EXCHANGE OF THE DINAR
Millionday: The governor of the Central Bank announced before the economic and investment commission in the House of Representatives that the bank in the process of printing new securities category of 50 thousand dinars to enhance the efficiency of the payments system.
Millionday: SO THIS MOVE TO PRODUCE THE 50,000 NOTE IS FOR THE PAYMENT SYSTEM NOT THE INTERNATIONAL RATES OR ENTRY TO THE GLOBAL MARKET OR THE STOCK MARKET –
IT IS FOR SOMETHING TOTALLY DIFFERENT AND HAS NO BEARING
jarhead: what domestic economy r the currency investors worried about iraq or usa?
Millionday: THE DOMESTIC ECONOMY IS WITHIN THE BORDER SO OF IRAQ
Millionday: WE ARE NOT PART OF THE PAYMENT SYSTEM OR THE REDENOMINATION WITHIN THE COUNTRY -- INVESTORS OUTSIDE OF IRAQ ARE PART OF THE ENTRY OF IRAQ TO A MARKET ECONOMY -- THROUGH THE INTERNATIONAL EQUATION
CanTWaitwoRV Millionday: "same amount of money supply in the market but different categories" ..that appears to suggest different denoms without the money supply being impacted in Iraq and like the fed reserve they use larger bills for different purposes so wondering if this article is stating denoms for multiple purposes for interbanking and for citizens utilizing them?
CanTWaitwoRV Millionday: well ya kinda just answered my question
CanTWaitwoRV Millionday: I hit the send button right when I saw your last comment
Millionday: WHEN THEY FIRST ANNOUNCED THE PRINTING OF THE LARGER BILLS THEY STATED THAT IT WAS NOT FOR THE USE OF DOMESTIC USE BUT WAS FOR STRATEGIC PURPOSES AND DID NOT STATE WHAT THEY WERE –
HERE WE SEE IT AS A PAYMENT SYSTEM --- IT CALCULATES INTO US DOLLARS AS $42.88--- NOT SOMETHING THAT IS A HUGE WORRY TO US OR ANYONE ELSE AS FAR AS THAT GOES FOR INVESTORS
billionaire Millionday: What does "Payments System Management" entail? Is there a breakdown of what this is? I would like to dig further into what that means.
Millionday: I DO NOT HAVE THAT INFORMATION WITHOUT HAVING THEIR BUDGET AND ALL IT ENTAILS --
Millionday: THEY HAVE NOT EXPANDED ON IT ANY FURTHER THAN WHAT WE HAVE
Millionday: NOTE -- THE STATEMENT HAS BEEN MADE PUBLICALLY THAT THE BILLS WILL BE INTERNATIONALLY COMPLIANT –
AND HERE IS WHAT THE PAYMENT SYSTEM SAYS IN A SMALL STATEMENT >>>
The Committee on Payment and Settlement Systems (CPSS) periodically publishes - under the aegis of the Bank for International Settlements (BIS) - reference works on payment arrangements in various countries, widely known as Red Books.
Millionday: SO I WOULD SAY THAT THE ISSUING OF 50,000 NOTES AT THIS TIME WOULD BE AFTER THE POLICIES WOULD BE INITIATED BUT THAT IS ONLY IMO
jtank: why dont they just do a 50 dinar note?
Millionday: MAYBE THE PAYMENT AMOUNT WILL BE A HIGHER VALUE FOE THE PAYMENT SYSTEM OTHER THAN 42+ WHICH MAKES NO SENSE
Millionday: Prime Minister Haider al-Abadi with the chairman of the Japan International Cooperation Agency (JICA) {} and his accompanying delegation, the projects implemented by the IAEA in Iraq and future projects and plans.
A statement by the Office Abadi received {Euphrates News} a copy of it, "Prime Minister Haider al-Abadi met in his office on Monday Akihiko Tanaka, chairman of the Japan International Cooperation Agency [JICA} and his accompanying delegation,
Millionday: and discussed with him the projects implemented by the Agency in Iraq, projects and future plans ,. In addition to Japan's role in supporting Iraq in many areas. "
Abadi praised the role that the Agency in support of Iraq through projects carried out by the services and programs in the sector of the Iraqi human capacity building.
In turn, the guests made a presentation on the completed projects in a number of governorates, stressing the desire of the organization and Japan to support Iraq in its war against terror Daash gangs, and participate in the reconstruction of the liberated areas project
Comments may be made at the end of Part 2 Thank You
HERE WE SEE IT AS A PAYMENT SYSTEM --- IT CALCULATES INTO US DOLLARS AS $42.88--- NOT SOMETHING THAT IS A HUGE WORRY TO US OR ANYONE ELSE AS FAR AS THAT GOES FOR INVESTORS
billionaire Millionday: What does "Payments System Management" entail? Is there a breakdown of what this is? I would like to dig further into what that means.
Millionday: I DO NOT HAVE THAT INFORMATION WITHOUT HAVING THEIR BUDGET AND ALL IT ENTAILS --
Millionday: THEY HAVE NOT EXPANDED ON IT ANY FURTHER THAN WHAT WE HAVE
Millionday: NOTE -- THE STATEMENT HAS BEEN MADE PUBLICALLY THAT THE BILLS WILL BE INTERNATIONALLY COMPLIANT –
AND HERE IS WHAT THE PAYMENT SYSTEM SAYS IN A SMALL STATEMENT >>>
The Committee on Payment and Settlement Systems (CPSS) periodically publishes - under the aegis of the Bank for International Settlements (BIS) - reference works on payment arrangements in various countries, widely known as Red Books.
Millionday: SO I WOULD SAY THAT THE ISSUING OF 50,000 NOTES AT THIS TIME WOULD BE AFTER THE POLICIES WOULD BE INITIATED BUT THAT IS ONLY IMO
jtank: why dont they just do a 50 dinar note?
Millionday: MAYBE THE PAYMENT AMOUNT WILL BE A HIGHER VALUE FOE THE PAYMENT SYSTEM OTHER THAN 42+ WHICH MAKES NO SENSE
Millionday: Prime Minister Haider al-Abadi with the chairman of the Japan International Cooperation Agency (JICA) {} and his accompanying delegation, the projects implemented by the IAEA in Iraq and future projects and plans.
A statement by the Office Abadi received {Euphrates News} a copy of it, "Prime Minister Haider al-Abadi met in his office on Monday Akihiko Tanaka, chairman of the Japan International Cooperation Agency [JICA} and his accompanying delegation,
Millionday: and discussed with him the projects implemented by the Agency in Iraq, projects and future plans ,. In addition to Japan's role in supporting Iraq in many areas. "
Abadi praised the role that the Agency in support of Iraq through projects carried out by the services and programs in the sector of the Iraqi human capacity building.
In turn, the guests made a presentation on the completed projects in a number of governorates, stressing the desire of the organization and Japan to support Iraq in its war against terror Daash gangs, and participate in the reconstruction of the liberated areas project
Comments may be made at the end of Part 2 Thank You
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