WELCOME TO MILLIONDAY NEWSTIME AT DINARUPDATES.COM
Millionday: LOOK AT WHAT THEY ARE STATING/ ANNOUNCING
Millionday: READ EVERY WORD >>> WE HAVE NEVER SEEN ANYTHING LIKE IT
Millionday: Author: Yasser incumbent 02/07/2016 0:00 Baghdad Economic Forum completed the foundation requirements, which lasted a whole year that was passed to work to join the economic affairs institutions as one of the houses of important expertise needed by the country to contribute to addressing the economic challenges.
Millionday: NOTE — THEY HAVE COMPLETED THE REQUIREMENTS NEEDED BY THE COUNTRY
Millionday: Idea of creating a forum crystallized beginning of the year 2015 to emulate the economic regional and international forums in content and content and objectives, join this forum toast variety of experiences of economy, finance and business, and men of business, academics, heads of economic affairs organizations to contribute to the elaboration of clear visions on economic construction requirements and to submit proposals are not binding for the government on the effective solutions to tackle the economic crisis.
Millionday: NOTE — WE REMEMBER THE FORUM FORMED AS IT WAS ANNOUNCED —IT IS A GROUP OF EXPERTS AS WE READ HERE AND WAS FORMED A YEAR AGO
Millionday: successful start in the first meeting, which was held yesterday in the presence of body Constituent administrative body, characterized the meeting full of harmony and unity of purpose towards contributing to the achievement of the desired economic reform and before taking steps towards economic stability by finding effective solutions on how to deal with the financial crisis plaguing the country.
Millionday: NOTE — THEY ARE READY TO MOVE FORWARD AS THEY ARE ANNOUNCING HERE WITH ECONOMIC REFORM
Millionday: although the establishment of this forum came late but a favorable opportunity in the starting its activities in this circumstance that requires a lot from us in order to meet the challenges by working to make a balanced and able to overcome this crisis, which may be transient market.
Millionday: The first task should be focused in the area to contribute to the creation of a new economic culture able to deal with this crisis and adapt to the circumstances and thus the citizen is the first target at this stage we can repel anti waves that are trying to weaken the morale.
Millionday: NOTE — THE FIRST STEP IS THE NEW ECONOMIC CULTURE TO ADD CONFIDENCE TO ITS CITIZEN
Millionday: We starting to move forward, leaving the account later, Asking how we deal with the stage and the financial crisis that beset the country?
that is not limited role to create a culture and bonds of grabbing of rice but Forum kicks off in his studies and analyzes and recommendations to help the executive and legislative authorities to take the right decisions and is one of the main goals of the forum.
Millionday: SO THIS WILL BE THE CONSULTING GROUP NOW AS THEY HAVE STATED THEY WILL BE UNDER MONITORING DURING THE ECONOMIC REFORM MOVING FORWARD
RickeyT Millionday: haven’t they been doing this for years?
Millionday: NO THIS WAS THE GROUP THAT WAS FORMED (COMMITTEE) TO MOVE FORWARD WITH THE ECONOMIC REFORM AND THEY WERE FORMED 2015 AND HAVE NOW STATED THEY ARE DONE WITH ALL REQUIREMENTS
Millionday: SO THIS WAS A WORKING GROUP THAT IS NOW DONE
Millionday: WE HAVE BEEN DOING THIS FOR YEARS THOUGH RICKEY LOL
RickeyT Millionday: I lost track…. LOL
Millionday: ME TOO MY FRIEND – GOOD TO SEE YOU AND HOPE YOU ARE WELL — KNOW YOU CONTINUE TO BE IN ALL OUR PRAYERS
Hutch Millionday: Requirements by who? The committee?
RickeyT Millionday: I get to drain my left lung in the morning, life is hazardous right now
Millionday: REQUIREMENTS THEY WERE GIVEN BY ALL GOVERNMENT ENTITIES THAT WERE A PART OF THE WORK THEY WERE GIVEN —
THEY WERE AND DESCRIBE HERE TO BE THE GROUP THAT WAS TO ENSURE IRAQ`S PREPERATION ACCORDING TO ALL PLANNING ETC FOR THE ECONOMIC REFORM
diane1: I just want to say Good Evening to all have not been with you all for news in a while, hope all are well. I have been praying and crossing my fingers this is so exciting my heart skips a beat. With God;s help he will answer our prays and we will be having on heck of a dinar party
Millionday: AMEN — GOOD TO SEE YOU TOO HUN — I AM EXCITED AS WELL — SMILE
Meginhim: Are these requirements for Art 8?
Millionday: NO THEY WOULD BE THE REFORM REQUIREMENTS TO SET THEM UP SO THEY ARE PREPARED TO MOVE FORWARD —
THIS APPEARS TO BE THE ECONOMIC PLANNING AND STEPS NEEDED TO BE COMPLETELY READY TO REFORM
Millionday: ART 8 IS STATED TO BE COMING BY THE END OF THIS MONTH OF FEB AND THEY HAVE TO REFORM BEFORE ART 8 — SO THIS GROUP GOT IT ALL READY FOR THE REFORM
bigrudy: Is their a chance for a rate change this month base on all the news? Did Iraq have met all the requirements in order to go international?
Millionday: IRAQ HAD TO MAKE THESE CHANGES TO REFORM THE ECONOMY — THE REFORM IS DESCRIBED BY THEM AS THE STEPS NEEDED TO GO TO A MARKET ECONOMY —-
? THEY ANNOUNCED HERE THAT ALL THE STEPS ARE DONE TO REFORM
Millionday: LET ME SHOW YOU SOMETHING THAT WILL TELL YOU WHY MANY ARE STATING THAT THEY ARE GOING INTERNATIONAL
Millionday: THIS IS ONE>>>> Ministry of Labour and Social / Department of pension affairs, social workers and security called for creditors of the campaign cards of “Ki-Card” and “manual exchange” to receive pensions for the months of
January and February will be held on the seventh and eighth of this February.
Millionday: NOTE — THIS WOULD BE PUT ON A GLOBALLY ACCEPTED CARD ACCORDING TO THE REPORTS WE HAVE READ — MASTER CARD
Millionday: ALSO ONE MORE THING
Millionday: THE IMF RELEASED THE DOCUMENT THAT LISTS ALL THAT IS TO TAKE PLACE THIS WEEK
Millionday: BRB WITH WHAT IT IS
Millionday: I WILL BRING SOME SECTIONS OF IT OF INTEREST AS IT IS HUGE IN SIZE
Millionday: THIS IS TO BE DONE TO MOVE TO ARTICLE 8 BY THE END OF MONTH
Millionday: 19. The government will maintain the Iraqi Dinar’s peg to the U.S. dollar (MEFP, ¶18). The peg provides a key nominal anchor in a highly uncertain environment with policy capacity weakened by the conflict with ISIS. Accommodating external shocks through more exchange rate flexibility—as opposed to fiscal adjustment—is not advisable.
Millionday: 20. The government will gradually remove remaining exchange restrictions and multiple currency practice (MCP) with a view to eliminating exchange rate distortions (MEFP, ¶19).
Such a move towards acceptance of the obligations under Article VIII of the IMF’s Articles of Agreement will send a positive signal to the investment community that Iraq is committed to maintain an exchange system that is free of restrictions and
Millionday: NOTE — PEG TO USD AND REMOVE EXCHANGE RATE DISTORTIONS AS THIS WILL SEND A POSITIVE MESSAGE TO INVESTORS — THAT WOULD MEAN THAT INTERNATIONAL INVESTORS WOULD BE ABLE TO TRADE
Millionday: MCP for current international transactions and thus facilitate creation of a favorable business climate. As a first step, the government will, by end-February 2016, amend the Investment Law, or issue clarifying
implementing regulations, to remove the limitation on transfer of investment proceeds that gives rise to an exchange restriction, as recommended by a recent technical assistance mission of the IMF.
Millionday: NOTE — SOME OF THIS IS ALREADY DONE
Millionday: READ EVERY WORD OF THIS>>>21. The government will implement reforms on anti-money laundering and combating the financing of terrorism (AML/CFT) (MEFP, ¶20).
This would improve the integration of the domestic financial system into the global economy and lower transaction costs, improve governance, and reduce the size of the informal sector. As a first step, the government will, by end February 2016, draft and adopt a by-law to set up a mechanism to comply with the relevant AML/CFT international standards.
Millionday: SO THIS IS VERY INTERESTING BECAUSE THIS IS FEB 2016 AND THEY ARE TO REMOVE ALL DISTORTIONS OF THE EXCHANGE RATE AND ALSO ADOPT ALL INTERNATIONAL COMPLIANCE
Millionday: MAKE SENSE BIGRUDIE? THESE REPORTS ARE PROBABLY IMO WHY SOME ARE SAYING THAT IT IS CLOSE
diane1: WHOOPOW IS RIGHT LOOKS LIKE A DOMINO EFFECT EVERYTHING FALLING INTO PLACE AT ONCE
Millionday: CAN YOU ALL SEE ME?
Millionday: OH THERE YOU ARE LOL
Millionday: GET UP OFF THE FLOOR LOL
RickeyT Millionday: how reserved are you?
Millionday: THIS IS THE MOST I CAN BE — BUT GOODNESS THIS IS EXCITING AND IT HAS BEEN A LONG TIME SO SEEING SOMETHING LIKE THIS IN A FORMAL DOCUMENT WOULD HAVE MADE ME PASS OUT YEARS AGO LOL
Meginhim: So Does Reform include to Revalue the currency?
Millionday: THE REQUIREMENTS LISTED BY THE IMF OR SHOULD I SAY ORDERS TO BE DONE DO INCLUDE THE REMOVAL OF THE DISTORTED RATE
Millionday: AND COMPLIANCE WITH INTERNATIONAL STANDARDS — THIS WOULD BE THE CALCULATION OF THE TRUE VALUE IMO
jaedubya: removal of all distortions of exchange rate……does that mean that they will give the real rate????
Millionday: IT MEANS THAT THE RATE THEY HAVE IS DISTORTED AND THE CALCULATION FOR GLOBAL PRICING INDEX WOULD HAVE TO DONE –
ACCORDING TO MACRO-ECONOMICS AND TO PRODUCE FAIR TRADE WITH THE WTO AND THE GLOBE THEY NEED TO HAVE A PRICE AND CURRENCY RATE THAT WOULD PRODUCE THE ACTUAL VALUE OF THE DINAR (THE PRICE OF THE DINAR)TO BE DONE
daytrader: Do you have a link to the IMF document? Would really like to read the rest of the document.
Millionday: THE OIL MINISTER HAS CALLED FOR THE — IRAQ NATIONAL OIL COMPANY TO BE FORMED AGAIN
Millionday: PARLIAMENT IS MEETING TO VOTE THROUGH THE FEDERAL COURT ACT
Millionday: THE NEXT REPORT IS WHAT WE HAVE SEEN IN THE PAST THAT WAS REQUIRED BY THE WTO IMO AND ALSO GIVES SOME MORE THINGS THEY ARE DOING
Millionday: I WANT YOU TO READ THIS VERY CAREFULLY AND LOOK FOR THE CLUE
Millionday: Hussein al-Tamimi Tgb trend towards privatization has become a one-effective solutions that do production and service sectors and maintain a turnover inside Iraq (according to a specialist in economic affairs.)
He said global stock representative in Baghdad, Osama Mahmoud: The financial distress experienced by Iraq is paid towards the search for real solutions pushing the multiplicity of resources, pointing out that privatization represents one of the multiplicity of resources for its contribution to outlets in the activation of domestic production.
Millionday: NOTE — GLOBAL STOCK REPRESENTATIVE MAHMOUD? WHOOOPOW
Millionday: He pointed out that the privatization of agriculture, industry and services have a prominent role sectors in overcoming the effects of the crisis as the mentioned sectors suffer from almost complete paralysis production, but it represents a significant burden on the Iraqi economy.
Millionday: NOTE — THIS IS THE DIVERSITY THAT THE WTO WANTED TO SEE AND ALSO THE GDP NEEDED REPORTABILITY IN ORDER TO HELP DUE TO THE OIL PRICE AND DEFICIT
Millionday: Mahmoud between these sectors of production and resources are negligible in front of what cost to the state of the salaries and expenses of the overburden from the shoulders of the Iraqi budget, for example, dairy plants and laboratories leather and food factories cost the state salaries and large expenses with the knowledge that their products are limited in the markets,
Millionday: pointing out that the inclusion of these companies within the privatization projects lead to the achievement of several gains for the Iraqi economy in the forefront of shift workers and employees of these factories from the government sector to the private sector,
thereby raising the burden of operating expenses on the shoulders of the public sector to the private sector, and to provide a high quality product unable to compete with imported products, as well as reduce the hard currency emerging from Iraq to import these products from outside the country.
Millionday: NOTE — IT IS VERY COSTLY TO COMPETE WHEN YOUR ONLY MARKET IS YOUR OWN COUNTRY — THEY HAVE TO MOVE ON PRIVATIZATION
Millionday: LIMITED IN THE MARKETS IS NEVER A GOAL — NOT FOR A COMPANY OR A COUNTRY — IT IS A FORM OF PUNISHMENT OR >>>>>SANCTIONS
Millionday: He pointed out that privatization provides an opportunity to develop a cadre of skilled workers in the minute their jurisdiction, could also be given the oil sector and the promotion of imports establishment of an investment portfolio in a falling world oil markets in the stock markets as it is enhanced oil imports through the entry of global stock markets in the field of oil and profits and imports added to oil imports by trading in the world’s oil.
Millionday: SO OBVIOUSLY THE NUMBERS WILL HAVE TO MAKE SENSE WITH THE ENTRY OF THE GLOBAL STOCK MARKETS
Swan2013.MDCOPY Millionday: COMMENT, SO READY!!!!!!!!!
Millionday: I AGREE WITH ALL OF THAT LOL
Millionday: THAT IS I WANTED TO SHOW YOU ALL THIS LATE
plowboy: very encouraging news. thank you MD
jackflash101st: The news tonite is absolutely incredible
Millionday: THAT IS SO INTERESTING THAT THEY STATE MANUAL EXCHANGE AND LOADING OF THE CARDS IS TODAY AND TOMORROW
Millionday: I AGREE HUN
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