Millionday Friday Night News 1/29/16 Part 1 of 2
Welcome to dinarupdates.com for News Time with Millionday!!
Millionday: FIRST LET ME SAY THIS
Millionday: WE HAVE SPENT MANY YEARS WATCHING WHAT IS HAPPENING WITH IRAQ ECONOMICALLY
Millionday: THE EVENT OF IRAQ GOING TO THE INTERNATIONAL COMMUNITY (MARKET ECONOMY) WOULD AT SOME POINT INCLUDE SOME INFO FROM OTHER COUNTRIES AND ECONOMIC CHANGE ETC
Millionday: SO WE ARE GOING TO BE LOOKING AT SOME VERY IMPORTANT INFO TONIGHT WITH OUR REGULAR NEWS ETC
Millionday: REMEMBER TODAY IS >>> JANUARY 29TH 2016
~~~
Welcome to dinarupdates.com for News Time with Millionday!!
Millionday: FIRST LET ME SAY THIS
Millionday: WE HAVE SPENT MANY YEARS WATCHING WHAT IS HAPPENING WITH IRAQ ECONOMICALLY
Millionday: THE EVENT OF IRAQ GOING TO THE INTERNATIONAL COMMUNITY (MARKET ECONOMY) WOULD AT SOME POINT INCLUDE SOME INFO FROM OTHER COUNTRIES AND ECONOMIC CHANGE ETC
Millionday: SO WE ARE GOING TO BE LOOKING AT SOME VERY IMPORTANT INFO TONIGHT WITH OUR REGULAR NEWS ETC
Millionday: REMEMBER TODAY IS >>> JANUARY 29TH 2016
~~~
Millionday: Now that the nuclear agreement with Iran has been implemented, NPR's Rachel Martin asks former U.S. Treasury advisor Elizabeth Rosenberg about billions of dollars in newly freed assets.
Millionday: NOTE -- THIS INTERVIEW COVERS THE CHANGES IN IRAN AND THE FROZEN ASSETS
Millionday: NOTE -- IF YOU DONT UNDERSTAND WHY WE ARE LOOKING AT THIS -- YOU WILL -- AND ALSO I AM NOT GIVING MY OPINION ON WHAT SHOULD BE OR IS HAPPENING -- WE ARE LOOKING AT ECONOMICS ONLY
Millionday: RACHEL MARTIN, HOST:
There are a lot of very big consequences to the implementation of the Iran nuclear deal. Here's one. Iran had billions of dollars' worth of funds that were parked in banks, unable to be accessed. Now those once-frozen assets are flowing again. Iran's economy had been crippled by economic sanctions related to its nuclear program, so those now-unfrozen assets are going to be most welcome.
To better understand where this money goes now, we reached Elizabeth Rosenberg. She's a senior fellow at the Center for New American Security and a former senior adviser at the U.S. Department of Treasury. Thanks so much for being with us.
Millionday: NOTE -- A LOT OF INTERVIEW HAS BEEN SKIPPED AS WE ARE NOT STUDYING ALL OF IRAN ECONOMICALLY
Millionday: ROSENBERG: So mostly we're talking about money that's frozen that was associated with people who were blacklisted on the U.S. sanctions list. People and companies that were on that list, their assets were frozen. And now, after about 400 entities have been taken off that list last Saturday, on implementation day, their assets are now free to go, free to move around.
Millionday: SO THIS IS ALL WE ARE GOING TO LOOK AT OF THIS -- BRB WITH MORE ON THE POINT BEING MADE
Millionday: THIS WAS REPORTED WHEN SANCTIONS WERE PLACED
Millionday: The Federal Reserve and Treasury Department temporarily shut off the flow of billions of dollars to Iraq’s central bank this summer as concerns mounted that the currency was ending up at Iranian banks and possibly being funneled to Islamic State militants, according to U.S. and Iraqi officials and other people familiar with the matter.
Millionday: NOTE -- WE ALL KNEW THAT JUST FROM NEWS BUT FOLLOW WHERE I AM GOING WITH THIS
Millionday: NOTE -- THIS WAS PART OF THE INFORMATION THAT CAME FROM CNN REPORTING DURING THE IRAN SANCTIONS
Millionday: President Barack Obama announced new U.S. sanctions targeting Iran's oil Tuesday as well as banks in China and Iraq, warning that Tehran faces "growing consequences" for refusing to answer international questions about its nuclear program.
Obama said China's Bank of Kunlun and the Elaf Islamic Bank in Iraq "facilitated transactions worth millions of dollars" for Iranian banks already under sanctions.
Millionday: NOTE -- WE ALSO HAVE READ OURSELVES HOW IRAQ RELUCTANTLY HAD TO STOP USING THE INTERNATIONAL BANKS OF IRAN DUE TO THE SANCTIONS AND THE DIRECT IMPACT THAT WOULD HAVE WHEN IT OCCURRED
Millionday: NOW LET ME SHOW YOU SOMETHING THAT I FIND VERY INTERESTING -- (TRYING TO TELL YOU EVERYTHING IN INK IS DIFFICULT) SMILE
Millionday: NOTE -- WE HAVE HEARD SOME DATES FROM MANY PLACES ON THE WEB CONCERNING THOUGHTS ON IRAQ ETC
Millionday: I DONT DO RATES AND DATES BUT LET ME SHOW YOU THIS AND YOU CAN THINK OF IT AS YOU WISH
Millionday: The Society for Worldwide Interbank Financial Telecommunication (SWIFT) would restore its services to Iranian financial institutions by January 31, said Central Bank of Iran (CBI) Governor Valiollah Seif.
Seif said there are only some technical issues to be resolved before SWIFT system comes on stream on January 31.
Millionday: NOTE -- SOME TECHNICAL ISSUES TO RESOLVE BEFORE ALL BANKS OF IRAN MAY BE RESTORED INTERNATIONALLY --
Millionday: NOTE -- THE BEGINNING WAS IN 2012 AND THE REPORT FROM OBAMA I SHOWED YOU WAS FROM 2012 BEGINNING
Millionday: He said, “During the period that west-engineered sanctions were imposed on Iran, SWIFT had not stopped its services to Iran completely, and only some banks had been blocked.”
For Iran to resume business with the global banking world - for the first time since 2012 - its banks need to be linked to overseas lenders on SWIFT.
Millionday: NOTE -- THIS WILL ALL BE LIFTED IN BANKING BY JANUARY 31ST
Millionday: SWIFT lifted bans on the Iranian banks as the implementation day of the Joint Comprehensive Plan of Action (JCPOA) formally started on January 16.
SWIFT is a global supplier of secure messaging services and interface software to wholesale financial entities. It is a secure private network used by nearly every bank around the world to send payment messages that lead to the transfer of money across international borders.
Millionday: NOTE -- THAT EXPLAINS WHY SWIFT CODES (COMPLETE IN IRAQ) ARE SO IMPORTANT ACROSS BORDERS
Millionday: In early 2012, SWIFT said it had been instructed by the European Council to discontinue its communications services to Iranian financial institutions that are subject to European sanctions. Accordingly, it blocked 30 Iranian banks from using its service thus literally cutting off Iran from the global banking system
Millionday: SO AS WE KNOW -- IRAQ DID THE SAME AT THAT TIME --
Millionday: DO YOU FIND THIS INTERESTING?
Nadita: Yes.. I find your news very interesting and I guess Iraq and Iran can go together with the Swift.
Millionday: THE SWIFT CODES ARE NEEDED FOR THEM TO SEND MONEY BACK AND FORTH FOR TRADE OF ANY KIND
monique13: Do you think they have been waiting for Iran all this time as part of the plan? I think it's amazing!
Millionday: I THINK THAT IT IS VERY INTERESTING DUE TO THE HUGE HUGE AMOUNT OF FUNDS IN IRAQI BANKS AND THEIR ECONOMIC CONDITION AND MANY TRADE AGREEMENTS AS WELL
tiimmyh: Iran has done allot of damage to allot of people and countries like Iraq. Much of this money should go to pay them back
Millionday: TIMMY -- I AGREE WITH YOU AND COULD GO ON FOREVER ABOUT IT BUT NO TIME -- SMILE
mudder: I would assume Iran would need to be Basil 3 compliant
Millionday: YES I WOULD AS WELL
jwjd: sorry but I am not understanding what Iran has to do with Iraq and the connection between Iran and Iraq changing their currency value?
Millionday: IRAN HAS BANKS IN IRAQ AND HUGE FUNDS THEY WERE FORCED TO FREEZE --- AS DO MANY COUNTRIES
larrykn: I been thinking of them going at the same time to because of the swift codes but aren't there other laws that need to be in place before iraq can rv?
Millionday: I HOPE TO BRING YOU LEGISLATION NEWS AS WELL HUN --
Millionday: THE HISTORY OF IRAQ AND IRAN WOULD TAKE US INTO NEXT TUESDAY SOMETIME BUT -- THE FREEZING OF FUNDS AND THE RELEASE THROUGH SWIFT IS VERY INTERESTING TO THOSE THAT HAVE FOLLOWED AND CAN REMEMBER THE HUGE TRADE
carxpress: Not to put the cart ahead of the horse .. but is it a coincidence that the SWIFT codes will be activated right before the 2/4/2016 TPP signing? .. .. (Thanks for all you do, by the way MD) TPP (Trans Pacific Partnership)
Millionday: YW ALL THE TIME HUN -- I FIND THE TIMELINE VERY INTERESTING ALSO
tiimmyh: Can Iraqi RV with Iranian cut forces and Isis still running around in there country and access to Dinar
Millionday: IMO THE ECONOMIC REFORM AND ENTRY TO MARKET ARE VERY IMPORTANT DUE TO THE NEED TO FIGHT AND ALL THE EXPENSE IT BRINGS –
I WOULD FIND NO LOGIC IN NOT MOVING FORWARD ECONOMICALLY WITH THE FORMATION OF THE ARAB COALITION AND THE WAR BEING FOUGHT IN THE REGION RIGHT NOW
tiimmyh: so they can then
Millionday: MANY COUNTRIES ARE SPENDING ALOT OF MONEY FIGHTING THE TERRORISTIC IDIOTS SO MOVING FORWARD WITH ECONOMY WOULD BE LOGICAL IMO
Millionday: TIMMY -- THEY HAVE THE POWER TO MOVE FORWARD AND THE IMF HAS NOW STATED THEY ARE JUST MONITORING THE IMPLEMENTATION OF IRAQ`S ECONOMIC REFORM
Nadita: MD.. do you think TPP will be the precursor for silk road this year...? global trade is what they are after right now
Millionday: I THINK THAT THE MOVE TO A MARKET ECONOMY AND TO THE GLOBE WITH THE REFORMS WILL LEAD THEM TO TRADE WITH THE GLOBE
Millionday: NOTE -- THIS INTERVIEW COVERS THE CHANGES IN IRAN AND THE FROZEN ASSETS
Millionday: NOTE -- IF YOU DONT UNDERSTAND WHY WE ARE LOOKING AT THIS -- YOU WILL -- AND ALSO I AM NOT GIVING MY OPINION ON WHAT SHOULD BE OR IS HAPPENING -- WE ARE LOOKING AT ECONOMICS ONLY
Millionday: RACHEL MARTIN, HOST:
There are a lot of very big consequences to the implementation of the Iran nuclear deal. Here's one. Iran had billions of dollars' worth of funds that were parked in banks, unable to be accessed. Now those once-frozen assets are flowing again. Iran's economy had been crippled by economic sanctions related to its nuclear program, so those now-unfrozen assets are going to be most welcome.
To better understand where this money goes now, we reached Elizabeth Rosenberg. She's a senior fellow at the Center for New American Security and a former senior adviser at the U.S. Department of Treasury. Thanks so much for being with us.
Millionday: NOTE -- A LOT OF INTERVIEW HAS BEEN SKIPPED AS WE ARE NOT STUDYING ALL OF IRAN ECONOMICALLY
Millionday: ROSENBERG: So mostly we're talking about money that's frozen that was associated with people who were blacklisted on the U.S. sanctions list. People and companies that were on that list, their assets were frozen. And now, after about 400 entities have been taken off that list last Saturday, on implementation day, their assets are now free to go, free to move around.
Millionday: SO THIS IS ALL WE ARE GOING TO LOOK AT OF THIS -- BRB WITH MORE ON THE POINT BEING MADE
Millionday: THIS WAS REPORTED WHEN SANCTIONS WERE PLACED
Millionday: The Federal Reserve and Treasury Department temporarily shut off the flow of billions of dollars to Iraq’s central bank this summer as concerns mounted that the currency was ending up at Iranian banks and possibly being funneled to Islamic State militants, according to U.S. and Iraqi officials and other people familiar with the matter.
Millionday: NOTE -- WE ALL KNEW THAT JUST FROM NEWS BUT FOLLOW WHERE I AM GOING WITH THIS
Millionday: NOTE -- THIS WAS PART OF THE INFORMATION THAT CAME FROM CNN REPORTING DURING THE IRAN SANCTIONS
Millionday: President Barack Obama announced new U.S. sanctions targeting Iran's oil Tuesday as well as banks in China and Iraq, warning that Tehran faces "growing consequences" for refusing to answer international questions about its nuclear program.
Obama said China's Bank of Kunlun and the Elaf Islamic Bank in Iraq "facilitated transactions worth millions of dollars" for Iranian banks already under sanctions.
Millionday: NOTE -- WE ALSO HAVE READ OURSELVES HOW IRAQ RELUCTANTLY HAD TO STOP USING THE INTERNATIONAL BANKS OF IRAN DUE TO THE SANCTIONS AND THE DIRECT IMPACT THAT WOULD HAVE WHEN IT OCCURRED
Millionday: NOW LET ME SHOW YOU SOMETHING THAT I FIND VERY INTERESTING -- (TRYING TO TELL YOU EVERYTHING IN INK IS DIFFICULT) SMILE
Millionday: NOTE -- WE HAVE HEARD SOME DATES FROM MANY PLACES ON THE WEB CONCERNING THOUGHTS ON IRAQ ETC
Millionday: I DONT DO RATES AND DATES BUT LET ME SHOW YOU THIS AND YOU CAN THINK OF IT AS YOU WISH
Millionday: The Society for Worldwide Interbank Financial Telecommunication (SWIFT) would restore its services to Iranian financial institutions by January 31, said Central Bank of Iran (CBI) Governor Valiollah Seif.
Seif said there are only some technical issues to be resolved before SWIFT system comes on stream on January 31.
Millionday: NOTE -- SOME TECHNICAL ISSUES TO RESOLVE BEFORE ALL BANKS OF IRAN MAY BE RESTORED INTERNATIONALLY --
Millionday: NOTE -- THE BEGINNING WAS IN 2012 AND THE REPORT FROM OBAMA I SHOWED YOU WAS FROM 2012 BEGINNING
Millionday: He said, “During the period that west-engineered sanctions were imposed on Iran, SWIFT had not stopped its services to Iran completely, and only some banks had been blocked.”
For Iran to resume business with the global banking world - for the first time since 2012 - its banks need to be linked to overseas lenders on SWIFT.
Millionday: NOTE -- THIS WILL ALL BE LIFTED IN BANKING BY JANUARY 31ST
Millionday: SWIFT lifted bans on the Iranian banks as the implementation day of the Joint Comprehensive Plan of Action (JCPOA) formally started on January 16.
SWIFT is a global supplier of secure messaging services and interface software to wholesale financial entities. It is a secure private network used by nearly every bank around the world to send payment messages that lead to the transfer of money across international borders.
Millionday: NOTE -- THAT EXPLAINS WHY SWIFT CODES (COMPLETE IN IRAQ) ARE SO IMPORTANT ACROSS BORDERS
Millionday: In early 2012, SWIFT said it had been instructed by the European Council to discontinue its communications services to Iranian financial institutions that are subject to European sanctions. Accordingly, it blocked 30 Iranian banks from using its service thus literally cutting off Iran from the global banking system
Millionday: SO AS WE KNOW -- IRAQ DID THE SAME AT THAT TIME --
Millionday: DO YOU FIND THIS INTERESTING?
Nadita: Yes.. I find your news very interesting and I guess Iraq and Iran can go together with the Swift.
Millionday: THE SWIFT CODES ARE NEEDED FOR THEM TO SEND MONEY BACK AND FORTH FOR TRADE OF ANY KIND
monique13: Do you think they have been waiting for Iran all this time as part of the plan? I think it's amazing!
Millionday: I THINK THAT IT IS VERY INTERESTING DUE TO THE HUGE HUGE AMOUNT OF FUNDS IN IRAQI BANKS AND THEIR ECONOMIC CONDITION AND MANY TRADE AGREEMENTS AS WELL
tiimmyh: Iran has done allot of damage to allot of people and countries like Iraq. Much of this money should go to pay them back
Millionday: TIMMY -- I AGREE WITH YOU AND COULD GO ON FOREVER ABOUT IT BUT NO TIME -- SMILE
mudder: I would assume Iran would need to be Basil 3 compliant
Millionday: YES I WOULD AS WELL
jwjd: sorry but I am not understanding what Iran has to do with Iraq and the connection between Iran and Iraq changing their currency value?
Millionday: IRAN HAS BANKS IN IRAQ AND HUGE FUNDS THEY WERE FORCED TO FREEZE --- AS DO MANY COUNTRIES
larrykn: I been thinking of them going at the same time to because of the swift codes but aren't there other laws that need to be in place before iraq can rv?
Millionday: I HOPE TO BRING YOU LEGISLATION NEWS AS WELL HUN --
Millionday: THE HISTORY OF IRAQ AND IRAN WOULD TAKE US INTO NEXT TUESDAY SOMETIME BUT -- THE FREEZING OF FUNDS AND THE RELEASE THROUGH SWIFT IS VERY INTERESTING TO THOSE THAT HAVE FOLLOWED AND CAN REMEMBER THE HUGE TRADE
carxpress: Not to put the cart ahead of the horse .. but is it a coincidence that the SWIFT codes will be activated right before the 2/4/2016 TPP signing? .. .. (Thanks for all you do, by the way MD) TPP (Trans Pacific Partnership)
Millionday: YW ALL THE TIME HUN -- I FIND THE TIMELINE VERY INTERESTING ALSO
tiimmyh: Can Iraqi RV with Iranian cut forces and Isis still running around in there country and access to Dinar
Millionday: IMO THE ECONOMIC REFORM AND ENTRY TO MARKET ARE VERY IMPORTANT DUE TO THE NEED TO FIGHT AND ALL THE EXPENSE IT BRINGS –
I WOULD FIND NO LOGIC IN NOT MOVING FORWARD ECONOMICALLY WITH THE FORMATION OF THE ARAB COALITION AND THE WAR BEING FOUGHT IN THE REGION RIGHT NOW
tiimmyh: so they can then
Millionday: MANY COUNTRIES ARE SPENDING ALOT OF MONEY FIGHTING THE TERRORISTIC IDIOTS SO MOVING FORWARD WITH ECONOMY WOULD BE LOGICAL IMO
Millionday: TIMMY -- THEY HAVE THE POWER TO MOVE FORWARD AND THE IMF HAS NOW STATED THEY ARE JUST MONITORING THE IMPLEMENTATION OF IRAQ`S ECONOMIC REFORM
Nadita: MD.. do you think TPP will be the precursor for silk road this year...? global trade is what they are after right now
Millionday: I THINK THAT THE MOVE TO A MARKET ECONOMY AND TO THE GLOBE WITH THE REFORMS WILL LEAD THEM TO TRADE WITH THE GLOBE
Millionday: Najiba Najib, a Kurdish member of the Baghdad parliament, stated that the Kurdistan Regional Government (KRG) is seeking a loan from the Central Bank of Iraq to resolve its financial crisis.
The Kurdistan Region is struggling from the current economic crisis in the country, and the KRG has plans to make reforms in the government as well as decrease public expenditures to solve the issue.
However, Najib told K24, “The Central Bank of Iraq has a USD $59 billion deposit…The bank can potentially play a major role in resolving the current financial crisis in the country if it intends to help.”
Millionday: NOTE -- OBVIOUSLY KURDISTAN IS EXPECTING TO IMPROVE THE ABILITY IN THEIR AREA TO MEET CITIZEN NEEDS ETC
Millionday: NOTE -- HMMM INTERESTING TIMELINE THEY HAVE BEEN SAVING FROM
Millionday: “Kurdistan Region is part of Iraq, and the Bank should deal with it just like the rest of the country,” she said. “The bank has saved money since 2003, before Erbil and Baghdad relations worsened.”
Najib mentioned that the Kurdish parliament members in Baghdad will meet with the Central Bank of Iraq to discuss possible assistance for Kurdistan.
Millionday: Najib noted that the KRG has sent a letter to the Bank inquiring about the lack of branches in the Kurdistan Region. “We wonder why the Central Bank of Iraq has not opened any branches or offices in the Region,” she added.
“They have responded and stated that constitutionally, Kurdistan Region is allowed to have a branch and receive its share from the Bank accordingly, but don’t know what the actual barriers (in practice) are,” Najib concluded.
Millionday: SO OBVIOUS CHANGES HAVE BEEN MADE IN REGULAYIONS IF THE NEW ONES ARE NOT KNOWN -- SMILE
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