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Saturday, June 20, 2015

Millionday Newstime 6-20-15 Part 1 of 2

Millionday News 6/20/15  Part 1 of 2

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

Millionday: LOTS OF ECONOMIC NEWS SO HOLD ON -- WHOOOPOW

Millionday: HERE WE GO -- WHOOPOW

Millionday: Called MP from the parliamentary bloc of virtue Ola Nashi, Saturday, the Iraqi Central Bank to deal transparently with respect to future plans and strategies, 

and the defense of the gross national product of Iraq, stressing the need to detect the real value of the reserves as part of the integrity and transparency.

Millionday: NOTE -- PARLIAMENT ASKING FOR THE REAL VALUE OF RESERVES -- TRANSPARENCY -- SMILE
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Millionday: She said Nashi in a statement received by the agency / information /, a copy of it, that "the Central Bank of Iraq is a huge responsibility of maintaining the stability of the exchange rate of the Iraqi currency, so it must be handled transparently with regulatory and advisory with respect to plans and strategies

Millionday: WOW

Millionday: NOTE -- CBI IS RESPONSIBLE FOR THE EXCHANGE RATE -- SO THEY ARE ASKING FOR THE TRANSPARENCY --WITH RESPECT TO PLANS AND STRATEGIES

Millionday: He added "It is certain that the bank did not disclose the actual reserves of foreign currency and this in itself is part of the crisis of confidence between the regulators and the executive.

She stressed that "the recent financial crisis that caused down the exchange rate of the Iraqi currency bears the burden of the Central Bank and the face of public opinion.

Millionday: SO -- THEY ARE STATING THAT CBI IS NOT DISCLOSING THE ACTUAL EXCHANGE RATE ---THIS IS CAUSING PROBLEMS WITH THE CONFIDENCE AS WELL --- SMILE

Millionday: WHOOOPOW

puffdragon: Blaming the CBI means Alak correct !

Millionday: DEMANDING FROM THEM IS NOT BAD NEWS EITHER !!!!

beth: It is causing a problem with me too. As I am nosey and I want to know. Alak just does not want to be honest at all.

jtank: without transparency it will hurt the credit rating? thx

Millionday: AND LACKING OF ANY CONFIDENCE ALWAYS IMPACTS THE MARKET -- SO CATCH 22 ALL THE WAY IMO

Millionday: THIS IS GREAT NEWS THE WAY I LOOK AT IT '

.VIP.JARHEAD: if they rv who cares of rating it'll b granted immediately lol

Millionday: THERE IS ALOT MORE THAT GOES INTO A CREDIT RATING THAN JUST THE VALUE BUT IN THIS CASE IT APPEARS THE WAY THEY ARE BEING RATED IS A LITTLE DIFFERENT ANYWAY -- THEIR CURRENCY IS NOT EVEN BEING SOLD ON THE MARKET

Millionday: The Central Bank of Iraq, Saturday, stopping the deduction for tax and customs secretariats by banks on outstanding amounts of dollar remittances.

The bank said in a statement received by the agency / information / copy of it, "the Iraqi Central Bank decided to stop the deduction of tax and customs secretariats by the banks to the amounts due to the dollar remittances.

Millionday: NOTE -- WE HAVE READ IN THE LAST COUPLE DAYS THAT THIS IS THE PLAN BEING USED TO MINIMIZE THE EXCHANGE RATE DIFFERENCE FROM THE OFFICIAL -- SO NO SURPRISE -- BUT -- WORKING ON SATURDAY

Millionday: He added that "this measure has the direct effect of the eighteenth of June current, where she holds the customs authorities and tax fees are met in accordance with law.

Millionday: NOTE -- INTERESTING THIS IS PART OF THE LAW WRITTEN

Millionday: The Governor of the Central Bank on the Keywords confirmed, last Thursday, that the decision to cancel the duties and taxes will reduce the dollar exchange rate significantly, pointing to the approval of a cell of the crisis on the bank's proposal to delete the custom duty and tax on the purchase of the dollar.

Millionday: SO AS WE KNOW AND CAN READ HERE IT IS TO IMPACT THE EXCHANGE RATE OF THE US DOLLAR

Millionday: The President of the Council of Wasit province Mazen Zamili, Friday, for the approval of the Central Bank of Iraq and taking into consideration the development of image Kut Barrage in the new financial currency.

Millionday: NOTE -- THIS IS THE NEW DESIGN -- APPROVAL-- WOW -- LOVE QUICK ACTION -- WE DIDNT USED TO SEE THAT MUCH

Millionday: The Governor of the Central Bank has agreed to our request submitted taking Kut Barrage need to give great importance to being a landmark and a national treasure to be its image in one of the new currency.

Millionday: NOTE -- IN ONE OF THE NEW CURRENCY -- NO DENOMINATION LISTED -- SMILE

Millionday: "The success of each work requires the cooperation and concerted joint efforts and great credit and sustained effort to the people of Wasit province, especially the engineer Haider Waeli and Ihsan al-Yasiri Publications General Manager of the bank, including on their efforts in it.

Millionday: SO -- THIS IS A GREAT HONOR FOR THEM -- LOVE IT

.VIP.JARHEAD: will they come up w new currency before rv and we have to exchange or lose out?

Millionday: ACCORDING TO PAST REPORTS WE READ OVER THE YEARS -- THEY INTEND ON REFORMS AND POLICIES AND THEN AN ENTIRE NEW CURRENCY WILL BE FADED IN AS WE HAVE DONE HERE IN THE PAST -- I HAVE NOT FOUND ANY REPORTS STATING OTHERWISE
Millionday: THIS IS THE PRESS CONFERENCE WE WANTED TO ATTEND FROM CBI -- SMILE

Millionday: The governor of the Iraqi Central Bank on the Keywords, Saturday, that there are no concerns about the impact on the dollar exchange rate, warning that the job bank intervention affect him. 

Keywords and he said in a press conference attended by Agency / information /, that "we do not have any concerns about the impact on the dollar exchange rate, after rising recently," noting that "there is a unified position with UAB to maintain the stability of the dollar exchange rate.

Millionday: NOTE -- NO WORRIES AS TO THE IMPACT OF THE CHANGING RATE RECENTLY ACCORDING TO CBI --- I LIKE TO HEAR -- UNIFIED POSITION

Millionday: He added that the "lifting of the 8% of dollar transactions will start from tomorrow Sunday which is not permanently exempt imported goods," noting that "crisis cell has agreed to issue financial bonds worth $ 5 billion.

Keywords and warned that "interference in central bank decisions that affect his work", calling for the need to "respect the Central Bank of Iraq and its independence.

Millionday: SO -- THIS IS TEMPORARY REMOVING THE TAX AS WE HAD DISCUSSED -- AND THE MOVE IS BEING ASKED TO BE RESPECTED

Baxter1243: Is this the big meeting we were looking for.. or is that tomorrow?

Millionday: THE PRESS CONFERENCE BY CBI IS TODAY

Millionday: BUT MEETINGS ARE EXPECTED THIS WEEK TOO

Stash: what is the word Keywords that we see so much

Millionday: I DONT KNOW

Millionday: LOL

.VIP.JARHEAD: BGG REFERRED KEYWORDS BEING ALAK

Millionday: SOMETIMES IT FITS AND SOMETIMES NOT -- SO NOT SURE BUT COULD BE

jtank: I thought that the tax imposed was part of a coming reval the average person cannot afford at the value now?

Millionday: THE PROBLEM IS THAT THE TAX IS EXPECTED TO BE ON IMPORTED PRODUCTS AND LOCAL WOULD BE LESS THAT WAY – 

HOWEVER WE HAVE STUDIED MANY SEPARATE WAYS OF THOUGHT ON THE ISSUE DUE TO THE CITIZEN COMPLAINTS AND ALSO WORRIES DUE TO EXPENSES AND THE IMPACT IT COULD HAVE ON THEM – 

SO UNTIL IT HITS THE MARKET ECONOMY OR IS APPLIED PERMANENTLY -- WE CANT GUESS FUTURE DECISIONS

jtank: with new value the tax hike works--

Millionday: WITH A MARKET ECONOMY /GLOBAL PRODUCTS -- THE REVENUES ARE NEEDED FOR GOVERNMENT AND BUDGETED REVENUES AS WELL

maine: depending on the rate

jtank: tried 8%

jtank: prob w tariffs-

Millionday: EXATLY -- DEPENDING ON NOT ONLY THAT BUT -- VERY DEPENDENT ON CONTRACTS -INVESTMENT-AND POLICY MOST OF ALL -- THE LACK OF CORRUPTION AND THE SUCCESS OF MARKET

Millionday: DO NOT FORGET THAT THEY HAVE 900 CONFIRMED WAITING CONTRACTORS

Millionday: SMILE

Comments may be made at the end of Part 2 Thank You


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