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Tuesday, July 21, 2015

Millionday News 7-21-15   Part 2 of 2

Millionday News 7/21/15  Part 2 of 2

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

Millionday: He praised the central initiative of launching trillion dinars for this purpose 

The projects funded by the Islamic banks linked studies sober economic feasibility to be able to achieve sustainable development, especially that of more than 600 bank worldwide branches scattered in most of the cities with assets of more than $ 3 trillion check ratio annual growth exceeding 30 percent of the market share of the banking business, adding that the Islamic finance operations became the focus of attention of many of the peoples of the world.

Millionday: SO OBVIOUSLY THE NETWORK IS HUGE AND A BENEFIT IN ITSELF WITH THE ISLAMIC BANKING
~~~
Millionday: CROSS ROADS

Bax: MD.. do the Iraq Citizens read these reports??

Millionday: YES -- THIS IS A RELEASE TO CITIZENS TOMORROW

Millionday: WHOPPOW

Millionday: THIS IS FROM A DINARUPDATES.COM -- SUPER RESEARCHER

Millionday: Baghdad supported the Parliamentary Finance Committee member Magda Tamimi, Tuesday, issuing a new monetary categories to facilitate the process of currency carry among the citizens, stressing that the environment is ripe for the replacement of currency or delete the value of the zeros of them.

She said Tamimi for "tomorrow Press," that "her statement Former about the existence of financial corruption in print categories of the process (50 100 A) has been understood or moved incorrectly,

Millionday: WHOOPOW

Millionday: >>>>issuing a new monetary categories to facilitate the process of currency carry among the citizens,

Millionday: >>>>>> stressing that the environment is ripe for the replacement of currency or delete the value of the zeros of them.

Millionday: NOTE -- WHOOPOW

Millionday: "asserting" it supports the issuance of these categories to facilitate the process of currency carry among the citizens. "

 She added that "subject to delete the value of the zeros and replace the currency in This time, the environment is ripe for it, "noting that" this process needs a stable security environment as well as providing sophisticated technology, and Komrat and devices to destroy the old currency and control devices are good. "

Millionday: SO LETS TAKE A LOOK AT THIS

Millionday: THE DEVICE TO DESTROY THE CASHED IN IS READY -- THE TIME IS RIPE FOR THE SMALL DENOMS AND THE GOV IS ALL FOR THE PROCESS IN THIS TIMING

Millionday: NOT MUCH BETTER CAN BE SAID -- WHOOPOW

jtank: No 50 or 100 k notes? existence of financial corruption in print categories of the process (50 100 A) has been understood or moved incorrectly,

jtank: WOWZERS and tyvm

Millionday: YES MEANING THAT THE STATEMENTS ABOUT NO 50, 100, ETC WAS MISUNDERSTOOD AND NOT TRUE --- TIME TO ISSUE

Holly1: so NOW ? systems are ready ? they talk the time is ripe for this .. well they need to take a look at us and see how ripe we are ... turned into prunes Lol

Millionday: WRINKLES AND ALL LOL

Bax: Is this person saying the 50 and 100K dont exist.. or saying it is time to issue them?

Millionday: NO IS SAYING THAT 50.00 DINAR -- 100.00 DINAR COMMENTS WERE NOT TRUE AND THE TIMING IS RIGHT TO MOVE FORWARD

CanTWaitwoRV: the 50 note/100 note....the part that is "not true" is how those notes were interpreted in previous articles? Just making sure I'm on same page....

CanTWaitwoRV: all the 50k 100k articles from previous articles versus this article stating basically low denoms

CanTWaitwoRV: 50, 100 etc

Millionday: WHAT>?

Millionday: IM SORRY REPHRASE

CanTWaitwoRV: what part isn't/wasn't true pertaining to the 50,100 notes?

Millionday: THE STATEMENTS MADE STATING THEY WERE NOT GOING TO BE USED

Millionday: ACCORDING TO THIS

Millionday: July 27, 2015 Go to top of page

Country: Iraq

Title: 2015 Article IV Consultation and Request for Disbursement Under the Rapid Financing Instrument

Millionday: THIS IS FROM THE IMF SCHEDULE

Doodle Brain: I am still confused about the 50 100 note thingy.

Doodle Brain: Wouldn't bringing these lower D's in make it more difficult for the citizens to purchase goods? They would have to carry 10x the currency in their pockets.

Doodle Brain: They would need, MC Hammer pants to purchase a cup of tea!

Millionday: THEY STATED THE TIME TO BRING OUT THE NEW CURRENCY IS NOW AND PULL THE THREE ZERO CURRENCY -- THE STATEMENTS ARE NOT TRUE -- THE WAYS THEY HAVE IN PLACE TO DESTROY THE OLD CURRENCY AT TRADE-IN (EXCHANGE)IS READY --

Doodle Brain: Okay. So, bring in big, release lower/new. How can they do that without a new rate? Am I seriously banging my head against the RV Wall?

Millionday: THE STATEMENTS ABOUT THE 50S AND 100S NOT BEING USED ETC ARE NOT TRUE

angus: so this is telling us that on the 27th of this month they are wanting to use the rapid financing instrument?

Millionday: July 27, 2015 Go to top of page

Country: Iraq

Title: 2015 Article IV Consultation and Request for Disbursement Under the Rapid Financing Instrument

Millionday: IT IS THE DATE OF CONSULTATION ABOUT IT

Millionday: REQUEST ETC

angus: and this is consultation with who?

Millionday: THE IMF

Millionday: ON THE 27TH

Millionday: THIS WAS ALSO FOUND BY ONE OF OUR RESEARCHERS -- MUST HAVE READ MY MIND TONIGHT

Signman: is there a good chance that Iraq could go to article 4 on their currency?

Millionday: DONT KNOW UNTIL AFTER CONSULT

Signman: would that mean they would have to RV their currency to go to article 4?

Millionday: I DONT KNOW

Millionday: IT ISNT WHAT THEY CAN DO -- IT IS WHAT THEY PLAN TO DO WITHIN THIS EVENT

Millionday: Iraq is stepping up efforts to curb money laundering and terrorism financing.

Iraq's parliament is expected to soon endorse a new law that aims to combat money laundering and terrorism financing, the government's economic adviser said.

Mazhar Mohammad Saleh told TR Zawya that the draft law, which was approved by the cabinet in June, would be more inclusive than a 2004 law that was drawn up by the Coalition Provisional Authority. He said the new law would cover tax evasion, smuggling of antiquities and cash as well as corruption.

Millionday: NOTE -- THE PLAN TO MOVE FORWARD AND PUT IN PLACE THE MONETARY POLICY IN ITS ENTIRETY

Millionday: "The new law will draw additional policies, legislations and procedures to chase and trace money and smugglers through a national council," Saleh said.

It will also meet Iraq's financial interest and open the way for the country to conduct economic activities at the international level," he added. "Between 3-5% of Iraqi GDP has been lost due to smuggling during the past 10 years as a result of money laundering.

Millionday: NOTE -- WHOOPOW -- LETS LOOK AT THIS

Millionday: NOTE -- READ THIS TEN TIMES AND SMILE >>>>It will also meet Iraq's financial interest and open the way for the country to conduct economic activities at the international level,"---SO OBVIOUSLY -- VERY IMPORTANT NEWS

Millionday: The Financial Action Task Force (FATF) said in June that Iraq has not made sufficient progress to stem money laundering and terrorism financing. It said Baghdad needed to adequately criminalise such acts, establish a legal framework for identifying, tracing and freezing terrorist assets,

establish effective customer due diligence measures and a financial intelligence unit, introduce suspicious transaction reporting requirements and put in place a supervisory and oversight program for all financial sectors.

Millionday: NOTE -- IT ALL HAS TO WORK WITH LAWS IN PLACE ---
Millionday: "Punishments imposed under the old law were ridiculous, with those convicted of money laundering facing no more than four years in jail," said legal expert Tariq Harb.

The draft law is being introduced at a time when global efforts are being exerted to cut off the funding of militant group Islamic State, which has taken control of large swathes of Iraq and Syria, and whose main sources of revenue include bank looting and extortion, control of oil fields and refineries and cash smuggling.

Millionday: The Iraqi government and several global financial institutions have taken steps to prevent banks in territories held by Islamic State from accessing the international financial system, FATF said in a report issued in February.

Millionday: SO AS WE SEE THE PUNISHMENTS FOR TERRORISTIC FUNDING NEEDS TO BE PUT IN PLACE

Doodle Brain: Who makes up the FATF?

Millionday: Financial Action Task Force

Doodle Brain: Thanks. I got. Was wondering, is this an internal Task force?

Doodle Brain: If so, what members make up this task force?

Millionday: IT IS A WORKING ORGANIZATION INCLUSIVE OF MANY >>>The Financial Action Task Force (on Money Laundering) (FATF), also known by its French name, Groupe d'action financière (GAFI), is an intergovernmental organization founded in 1989 on the initiative of the G7 to develop policies to combat money laundering. In 2001 the purpose expanded to act on terrorism financing.

Millionday: IRAQ IS WORKING TO MAKE SURE THEY ARE INTERNATIONALLY INCLUSIVE OF ALL COMPLIANCE ISSUES

Millionday: REMEMBER EVERYONE THAT THIS IS THE LAST DAY OF EID -- THE 25TH IS THE FIRST PARLIAMENT FORMAL DAY ---

Millionday: SO WHAT WE SHOULD SEE IS HUGE ACTION OF PREPARATION IN REFORMS /PLANS ETC

Millionday: SEE YOU AT RT TOMORROW -- DONT MISS NEWS

Millionday: CROSS ROADS IN IMPLEMENTATION FOR SO MANY THINGS

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