Post From Dinar Updates 1-31-16
Excerpts & Highlights
Millionday News 1/31/16 Part 1 of 2
Welcome to dinarupdates.com for News Time with Millionday!!
Millionday: I AM GOING TO SHOW EVERYONE THE NEW UPDATES AND THEN WATCH THE PRO BOWL LOL
Millionday: WHO HAD A ?? ABOUT THE INTEREST RATE ?
samson: Do you think that the 18% interest only applies to citizens in Iraq or will it also apply to those of us non Iraqis living outside of Iraq also ? re those of us who have Warka Bank accounts will we also get that 18% and do you think it will only be for a very short time it lasts ?
Millionday: THE ANNOUNCEMENT STATED IT WAS TO BRING IN IRAQIS TO THE BANKS BUT IMO I DONT THINK IT IS EVEN POSSIBLE FOR THEM TO HAVE THAT INTEREST RATE -- I HAVE NOT SEEN ANY INK ON NON-CITIZENS REGULATIONS THOUGH
~~~
Excerpts & Highlights
Millionday News 1/31/16 Part 1 of 2
Welcome to dinarupdates.com for News Time with Millionday!!
Millionday: I AM GOING TO SHOW EVERYONE THE NEW UPDATES AND THEN WATCH THE PRO BOWL LOL
Millionday: WHO HAD A ?? ABOUT THE INTEREST RATE ?
samson: Do you think that the 18% interest only applies to citizens in Iraq or will it also apply to those of us non Iraqis living outside of Iraq also ? re those of us who have Warka Bank accounts will we also get that 18% and do you think it will only be for a very short time it lasts ?
Millionday: THE ANNOUNCEMENT STATED IT WAS TO BRING IN IRAQIS TO THE BANKS BUT IMO I DONT THINK IT IS EVEN POSSIBLE FOR THEM TO HAVE THAT INTEREST RATE -- I HAVE NOT SEEN ANY INK ON NON-CITIZENS REGULATIONS THOUGH
~~~
Millionday: K BRB WITH NEWS ABOUT WARKA
Millionday: THIS WAS SENT TO ME AND IS CBI ANNOUNCEMENT
Millionday: (Announcement issued by the Central Bank of Iraq) the Bank would like to announce support for the efforts to rehabilitate the Warka Bank for Investment & Finance and allow him to exercise all banking activities
01/28/2016
jwjd: what significance does this have on what we are waiting to happen?
Millionday: MANY PEOPLE HAVE A RELATIONSHIP WITH WARKA BANK OUTSIDE OF IRAQ
Millionday: THIS IMO IS NOT WHAT I CHOOSE BUT MANY ARE INTERESTED IN WARKA BANK
Millionday: A COUPLE OR FEW DAYS AGO ABADI WAS GOING TO MEET WITH IMF AND THERE WAS TO BE AN ECONOMIC MEETING IN SWITZ -- THIS IS AN ANNOUNCEMENT FROM ABADI`S OFFICE CONCERNING THE RESULTS
Millionday: Abadi’s office: we have coordinated with the Bank and the International Monetary Fund to develop a plan to overcome the financial crisis
{Baghdad: Euphrates News} between the official spokesman for the office of Prime Minister Saad al-Hadithi, that “we have coordinated with the Bank and the International Monetary Fund to develop a plan to overcome the financial crisis.”
Millionday: NOTE -- IRAQ HAS COORDINATED WITH WORLD BANK AND THE IMF TO OVERCOME THE ECONOMIC PROBLEMS IN IRAQ -- SMILE
Millionday: Said Sabri told {Euphrates News} on Sunday, that “there is coordination with the World Bank and the International Monetary Fund to deal with the financial crisis in Iraq”, adding that “these institutions have experiences in this regard, and we can take advantage of A_i_arathma.”
Millionday: NOTE -- IT APPEARS THAT A PLAN HAS BEEN CREATED TO BRING IRAQ BACK TO A HEALTHY ECONOMY - (I WONDER IF ANYONE HAS BEEN WATCHING)
Millionday: He added that “the Prime Minister Haider al-Abadi met in Switzerland World Bank President, and focused on the establishment of workshops, and providing counseling for Iraq; for the purpose of restructuring the Iraqi economy, and management of financial resources of the state, and diversify sources of income.
Millionday: WHOOOPOW
Millionday: “The representative of the supreme religious authority in holy city of Karbala, Sheikh Abdel Mahdi al-Karbalai said the day before yesterday During his Friday sermon “is sufficient here to point out that the financial crisis of the country reached a dangerous level even become hospitals complaining of the lack of the necessary for the purchase of medicines funds necessary to carry out surgical operations and medical supplies, as the entire staff and the salaries of retirees offer is no longer,”
Millionday: NOTE -- IRAQ SHOULD REFORM THE ECONOMY -- THAT WOULD BE A GREAT PLAN
Millionday: noting that “the government is invited to hiring a team of local experts, and international; to develop a contingency plan to overcome the current crisis, and to take austerity measures are not the common people and classes disadvantaged right,
especially the fighters in the face of terrorism, but for a lot of non-essential expenditures in ministries, government departments as a section of Alaivadat them, but Anhabz Balastgrac mention other resources.
“The MP for the Bloc citizen Hassan Khalati government has called on Saturday to meet the call reference in the development of an emergency plan; to overcome the financial crisis in the country.
Millionday: SO AS WE SEE THEY ARE MOVING FORWARD WITH THE WORLD BANK AND THE IMF IN IRAQ TO OVERCOME THE FINANCIAL CRISIS IN IRAQ --
Millionday: WHOOPOW
hermantowncars: ?if all these meetings. : providing counseling for Iraq; for the purpose of restructuring the Iraqi economy, and management of financial resources of the state, and diversify sources of income....etc.
seems to me that if the cbi could just RV that all this restructure austerity talk is not what they would be doing.. any thoughts on that
Millionday: THE THING IS THAT THIS IS WITHIN A DEMOCRATIC COUNTRY NOW -- MANY THINGS ARE DIFFERENT NOT ONLY BY LAW BUT IN GOVERNMENT SO HELP AND THE MONITORING ANNOUNCED BY IMF IS EXPECTED IMO --
Millionday: REMEMBER TODAY THE KURDISTAN MEETING WAS TO TAKE PLACE
Millionday: >>>>>>>>>>>>>>>>Baghdad and Iraqi Kurds agree to cooperate on economic reform!!
Millionday: A delegation from Iraq's cash-strapped Kurdistan region agreed on Sunday with the government in Baghdad to cooperate on reforms aimed at dealing with an acute economic crisis afflicting them both.
The Kurdistan Regional Government (KRG) and federal authorities in Baghdad rely heavily on oil export revenue and have been hit hard by the global slump in crude prices.
Relations between the two sides have been strained in recent years by ongoing disputes over revenue sharing, the budget and the authority to export oil.
Millionday: NOTE -- WE READ THAT THIS MEETING IS ALL ABOUT ECONOMICS AND THE SHARE IN REVENUES PER BUDGET LAW AND AGREEMENTS MADE
Millionday: The Kurdish delegation, led by the region's Prime Minister Nechirvan Barzani, met with Iraq's Prime Minister Haider al-Abadi and other senior government officials.
"We think the meeting was positive considering the nature of the problems and contentious issues still lingering between both sides," Abadi's spokesman Saad al-Hadithi said after the talks.
Further meetings would now be held on a regular basis, he added. The previous such meeting was last July.
Kurdish officials have warned in recent weeks that their region faces an economic collapse.
Kurdistan enjoyed an economic boom in the wake of the United States-led invasion that toppled Saddam Hussein in 2003, receiving a share of the revenue from Iraq's rising oil exports.
Millionday: THIS WAS SENT TO ME AND IS CBI ANNOUNCEMENT
Millionday: (Announcement issued by the Central Bank of Iraq) the Bank would like to announce support for the efforts to rehabilitate the Warka Bank for Investment & Finance and allow him to exercise all banking activities
01/28/2016
jwjd: what significance does this have on what we are waiting to happen?
Millionday: MANY PEOPLE HAVE A RELATIONSHIP WITH WARKA BANK OUTSIDE OF IRAQ
Millionday: THIS IMO IS NOT WHAT I CHOOSE BUT MANY ARE INTERESTED IN WARKA BANK
Millionday: A COUPLE OR FEW DAYS AGO ABADI WAS GOING TO MEET WITH IMF AND THERE WAS TO BE AN ECONOMIC MEETING IN SWITZ -- THIS IS AN ANNOUNCEMENT FROM ABADI`S OFFICE CONCERNING THE RESULTS
Millionday: Abadi’s office: we have coordinated with the Bank and the International Monetary Fund to develop a plan to overcome the financial crisis
{Baghdad: Euphrates News} between the official spokesman for the office of Prime Minister Saad al-Hadithi, that “we have coordinated with the Bank and the International Monetary Fund to develop a plan to overcome the financial crisis.”
Millionday: NOTE -- IRAQ HAS COORDINATED WITH WORLD BANK AND THE IMF TO OVERCOME THE ECONOMIC PROBLEMS IN IRAQ -- SMILE
Millionday: Said Sabri told {Euphrates News} on Sunday, that “there is coordination with the World Bank and the International Monetary Fund to deal with the financial crisis in Iraq”, adding that “these institutions have experiences in this regard, and we can take advantage of A_i_arathma.”
Millionday: NOTE -- IT APPEARS THAT A PLAN HAS BEEN CREATED TO BRING IRAQ BACK TO A HEALTHY ECONOMY - (I WONDER IF ANYONE HAS BEEN WATCHING)
Millionday: He added that “the Prime Minister Haider al-Abadi met in Switzerland World Bank President, and focused on the establishment of workshops, and providing counseling for Iraq; for the purpose of restructuring the Iraqi economy, and management of financial resources of the state, and diversify sources of income.
Millionday: WHOOOPOW
Millionday: “The representative of the supreme religious authority in holy city of Karbala, Sheikh Abdel Mahdi al-Karbalai said the day before yesterday During his Friday sermon “is sufficient here to point out that the financial crisis of the country reached a dangerous level even become hospitals complaining of the lack of the necessary for the purchase of medicines funds necessary to carry out surgical operations and medical supplies, as the entire staff and the salaries of retirees offer is no longer,”
Millionday: NOTE -- IRAQ SHOULD REFORM THE ECONOMY -- THAT WOULD BE A GREAT PLAN
Millionday: noting that “the government is invited to hiring a team of local experts, and international; to develop a contingency plan to overcome the current crisis, and to take austerity measures are not the common people and classes disadvantaged right,
especially the fighters in the face of terrorism, but for a lot of non-essential expenditures in ministries, government departments as a section of Alaivadat them, but Anhabz Balastgrac mention other resources.
“The MP for the Bloc citizen Hassan Khalati government has called on Saturday to meet the call reference in the development of an emergency plan; to overcome the financial crisis in the country.
Millionday: SO AS WE SEE THEY ARE MOVING FORWARD WITH THE WORLD BANK AND THE IMF IN IRAQ TO OVERCOME THE FINANCIAL CRISIS IN IRAQ --
Millionday: WHOOPOW
hermantowncars: ?if all these meetings. : providing counseling for Iraq; for the purpose of restructuring the Iraqi economy, and management of financial resources of the state, and diversify sources of income....etc.
seems to me that if the cbi could just RV that all this restructure austerity talk is not what they would be doing.. any thoughts on that
Millionday: THE THING IS THAT THIS IS WITHIN A DEMOCRATIC COUNTRY NOW -- MANY THINGS ARE DIFFERENT NOT ONLY BY LAW BUT IN GOVERNMENT SO HELP AND THE MONITORING ANNOUNCED BY IMF IS EXPECTED IMO --
Millionday: REMEMBER TODAY THE KURDISTAN MEETING WAS TO TAKE PLACE
Millionday: >>>>>>>>>>>>>>>>Baghdad and Iraqi Kurds agree to cooperate on economic reform!!
Millionday: A delegation from Iraq's cash-strapped Kurdistan region agreed on Sunday with the government in Baghdad to cooperate on reforms aimed at dealing with an acute economic crisis afflicting them both.
The Kurdistan Regional Government (KRG) and federal authorities in Baghdad rely heavily on oil export revenue and have been hit hard by the global slump in crude prices.
Relations between the two sides have been strained in recent years by ongoing disputes over revenue sharing, the budget and the authority to export oil.
Millionday: NOTE -- WE READ THAT THIS MEETING IS ALL ABOUT ECONOMICS AND THE SHARE IN REVENUES PER BUDGET LAW AND AGREEMENTS MADE
Millionday: The Kurdish delegation, led by the region's Prime Minister Nechirvan Barzani, met with Iraq's Prime Minister Haider al-Abadi and other senior government officials.
"We think the meeting was positive considering the nature of the problems and contentious issues still lingering between both sides," Abadi's spokesman Saad al-Hadithi said after the talks.
Further meetings would now be held on a regular basis, he added. The previous such meeting was last July.
Kurdish officials have warned in recent weeks that their region faces an economic collapse.
Kurdistan enjoyed an economic boom in the wake of the United States-led invasion that toppled Saddam Hussein in 2003, receiving a share of the revenue from Iraq's rising oil exports.
Millionday: NOTE -- THEY HAVE BOTH AGREED TO MOVE FORWARD WITH THE ECONOMIC REFORM
Millionday: But Baghdad cut funding to the region in 2014 after the Kurds, in pursuit of economic independence, built their own pipeline to Turkey and began exporting oil without federal government approval.
The KRG has since increased independent oil sales to more than 600,000 barrels per day (bpd). But with depressed prices and a bloated public payroll, it is now five months in payment arrears and deeply in debt.
Millionday: NOTE -- THEY HAVE TO WORK TOGETHER AND THE MOVE TO SELL OIL BY THE KURDS IS NOT WORKING AT THIS TIME WITH LOW PRICES AS WE SEE HERE
Millionday: Baghdad has projected a budget deficit of 24 trillion dinars ($20.41 billion) for 2016. As a sovereign state, however, it has more options than Kurdistan to deal with an economic crisis.
Iraq's Finance Minister Hoshiyar Zebari told Reuters last week the crisis was forcing Kurds to consider reviving a deal with Baghdad to reinstate the region's budget share in return for exporting oil under state auspices.
Spokesman Hadithi gave no indication that was discussed in Sunday's meeting.
Millionday: SO THEY ARE IN AGREEMENT TO WORK TOGETHER WITH A DIVERISFIED GDP
Nadita: Does this mean the GOI and KRG agree on the oil profit sharing which means HCL is done and also I heard they agree to lower the oil production too...? OPEC I believe
Millionday: THEY HAVE AGREED TO WHATEVER OPEC DECIDES AND TO FOLLOW WHAT THEY STATE AND THEY HAVE AGREED ON AN OIL AGREEMENT AND THE 17% IS BUDGET LAW -- SO YES
Comments may be made at the end of Part 2 Thank You
Millionday: But Baghdad cut funding to the region in 2014 after the Kurds, in pursuit of economic independence, built their own pipeline to Turkey and began exporting oil without federal government approval.
The KRG has since increased independent oil sales to more than 600,000 barrels per day (bpd). But with depressed prices and a bloated public payroll, it is now five months in payment arrears and deeply in debt.
Millionday: NOTE -- THEY HAVE TO WORK TOGETHER AND THE MOVE TO SELL OIL BY THE KURDS IS NOT WORKING AT THIS TIME WITH LOW PRICES AS WE SEE HERE
Millionday: Baghdad has projected a budget deficit of 24 trillion dinars ($20.41 billion) for 2016. As a sovereign state, however, it has more options than Kurdistan to deal with an economic crisis.
Iraq's Finance Minister Hoshiyar Zebari told Reuters last week the crisis was forcing Kurds to consider reviving a deal with Baghdad to reinstate the region's budget share in return for exporting oil under state auspices.
Spokesman Hadithi gave no indication that was discussed in Sunday's meeting.
Millionday: SO THEY ARE IN AGREEMENT TO WORK TOGETHER WITH A DIVERISFIED GDP
Nadita: Does this mean the GOI and KRG agree on the oil profit sharing which means HCL is done and also I heard they agree to lower the oil production too...? OPEC I believe
Millionday: THEY HAVE AGREED TO WHATEVER OPEC DECIDES AND TO FOLLOW WHAT THEY STATE AND THEY HAVE AGREED ON AN OIL AGREEMENT AND THE 17% IS BUDGET LAW -- SO YES
Comments may be made at the end of Part 2 Thank You
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